Legal and Regulatory Considerations in IT Security Research Paper

Legal and Regulatory Considerations in IT Security - Research Paper Example In the US, data laws used in one state are not necessarily similar to those used in an independent state. Correspondingly, data laws used in the US states are not exactly similar to those used in other nations like Britain or Canada. Technically, laws governing access and use of computerized information differ from one autonomous region to another. Succeeding sections of this paper contains a comparative analysis of data laws in Washington State, the EU, and Canada. Data privacy and encryption regulations in Washington State are covered under chapter 19, section 255 of the state’s laws. In Washington, private parties are protected by law against access and misappropriation of personal information by unauthorized parties. Washington laws define data and information as any software or hardware files, including but not limited to personal contact information, credit and debit card information, plus any encrypted business or personal documents (Lindsey & Smith, 2012). In Washington, breach of security and unauthorized access to confidential data and information constitutes acts of crime. In addition, unauthorized disclosure of personal or business information is prohibited by laws. Data owners must be informed by data controllers of any intention to disclose information prior to the disclosure (Lindsey & Smith, 2012). Persons guilty of data crimes include anyone involved in the assisting, facilitating or abetting of unauthorized access and m isappropriation of someone else information. Persons and companies found to violate these data laws are subject to remedial provisions and liabilities. One data law in Washington involves controlled misuse of unauthorized information. Unauthorized access to information, followed by subsequent viewing, circulation or sale of the information attracts economically reasonable compensations as damages. In Washington State, another law which seeks to minimize data misappropriation asserts that any unauthorized access

Self-Reflection and Self SWOT Analysis

Self-Reflection and Self SWOT Analysis Self analysis is nothing but calculation of ones opinions and activities. That is costing of ones emotions, personality and behavior. From this people can easily recognize their individual strength and weakness. Moreover self analysis is a process or it is a test to judge the abilities, talents and expertise. Self awareness is one of the way to yourself in which to discover our separable personalities, rate structures, politics, usual feelings and tendencies. Because for some stuffs, manufacture facts and learns we are all dissimilar to react. And this is very useful to sometimes pass time in self reflection to increase a superior vision into ourselves. SELF AWARENESS: Self awareness is a main thing for us, because when we know the healthier thoughtful of ourselves then we are the authorized to create a ups and downs and also to figure our parts of strengths. Moreover in our level of recognize areas we would like to make developments over and over again. That is so self awareness is the stage of aim setting. Self awareness is a skill for education. Education here is nothing but knowing ourselves. If a person know about ourselves, then only the person modify the stuffs they want to adjustment himself. Each person have a aim to their life like to became leadership man, playful life, relaxation life and so on. And the person will try and makes works relevant to his aim. But this everything is possible only by the investigating his emotions, reactions, trusts and qualities. Thus it is the self awareness performance. That is, a person will know about their own personalities like skills, thoughts, beliefs, inspiration and sensations. This kind person will only able to say the word i am self aware . That is, if i want to say i am self aware then i had a strong observation about myself and i had studied myself. Determining the exact path that ranges the aim can be probable simply by self-analysis. Self-awareness is one thing chooses whether you are the correct one to become a head or not. I must recognize the powers and weaknesses to become familiar for every circumstance. In the progression of these gatherings i am not forceful a person what to accept as true, how they should consider or what they should to do. I am mainly focused with persons tests in levitation their self awareness. When you grow into more self aware you automatically bring in to being to see phases of your behavior and the character that you did not warning earlier. Some authors give quotes about self-awareness they are, Raising an Emotionally Intelligent Child In the last decade or so, science has discovered a tremendous amount about the role emotions play in our lives. Researchers have found that even more than IQ, your emotional awareness and abilities to handle feelings will determine your success and happiness in all walks of life, including family relationships. John Gottman. Being powerful is like being a lady. If you have to tell people you are, you arent. Thanks to Maria Marquis Thoreau There are a thousand hacking at the branches of evil to one who is striking at the root, and it may be that he who bestows the largest amount of time and money on the needy is doing the most by his mode of life to produce that misery which he strives in vain to relieve. -Margaret Thatcher. We wait all these years to find someone who understands us, I thought, someone who accepts us as we are someone with a wizards power to melt stone to sunlight, which can bring us happiness in spite of trials, which can face our dragons in the night, who can transform us into the soul we choose to be. Just yesterday I found that magical someone is the face we see in the mirror: Its us and our homemade masks. -Richard Bach. Self-Analysis: Self-analysis involves understanding ones own  preconscious and insensible materials like ideas, Para praxes, memories, fleeting thoughts, and powerful emotions. By self analysis a person can simply find the weakness and by rectifying their weakness that person can capable to see the places and positions they have to adjust. Best of all, all persons has incorrect opinions and personal faults committed by them, But by the self analysis the person can simply able to avoid the problems and reach the requirements with no chunks. Self-analysis creates several profits that is it produces a extraordinary level of control that is to improve the person such as helpful talents, capacities and powers can leading easily and they can have a capacity to the true tracks. Self analysis process is very helpful and act as great end in idea making process which is suits for business surroundings. Career choice is almost whether they happy by gettings, assignment, place of work, organizational core, situation, challenges, superior for improvement, connection and the support from the age group. The chief dissimilarity between the self analysis and self awareness is that identifying a persons actions by approaches and talents. WELFARE IN SELF ANALYSIS AND SELF AWARENESS: By performing the self analysis a person can absorb their weakness. By this identification a person can know the real requirements to face the carrier. And they can easily increase the skills and talents by their positive skills. Moreover about decision-making and clear vision, self awareness shows positive and negative ways. CONCLUSION: Thus the method of learning own personality said to be a self analysis and ability of perform the process is called self awareness. We have to increase the strength and weakness by improving the skills. Thus the self analysis and self awareness is much important for career development. PRESENTATION OF RESULTS BASED ON ONLINE TEST: INTRODUCTION: For self analysis there are many number of tests are available and here I am going to discuss about some analysis test report. CAREER PATH TEST: The career path test is like a quiz type, which have two things they are, the activities which makes interests and gives joy and the another thing is about what kind of behaviour i have for my goal. This career path test shows result as yellow for interest and green for style and as I to accepted with this result. As in the result I am very much interested in supervision and administration management. Yes that is the reason iam doing administration course now. And also about my relaxations is like home duties and roaming is very much true. I am spending more time on managing and at all times deliberate the whole thing before starting it. So that the result of career planner quiz said as gathering report and evaluating are also suitable. Always I think of complexity in doing any jobs. I continuously use to say hard work is not the big one, only doing and finishing the thing is great. Various people can do the difficult job by hard work, but some people can do the same job by finding the easiest way. I need to be one of them always. My career planner quiz also said that I am creating the sophisticated processes for doing complex work. My results are ever reasonable because nothing I choose carelessly and without any reason. Before making decision I use to study the points for accepting and rejecting. Then only I will choose to decide if the qualities and income are high otherwise not. Next in the social equality point of view, I never took the others chances and I use give the chances for others when I am in group. This concept is very much believed by me. This concept is very much believed by me. So I agree with the points about my style such as reasonable decision maker and independent. Thus in the career test I can understand my interest and styles and I can agree with this results about my behaviour. So I accepted this self analysis test about me is true. JOHARI WINDOW: Consider the adjective list of me and my friends to map the character awareness by means of overlap and difference between them. It is called the johari window. The johari windows results accepted by me about 100%. In this window the test results grouped into four categories. First one is arena which means the characters known to both self and others? It gives me the result bold, energetic and friendly. It is accepted because I am so friendly to the people with me. Second thing is facade which means the traits known to self but not to others. It says I am happy and nervous. I accepted I am happiest person; I can make any time happy and also make nervous situation on mingle with people without mind the country, language. I am confident about what I am doing. Before start anything I use to search merits and demerits. After decide to do, I dont want to confuse myself. I am always friendly thats why I can make happy all. This is the thing I feel my strength. Ever I responsive because eve ry action there is a reaction. Pre-planning is possible only when I am sensible. Third thing in the johari test is blind spot. It is about the characteristic which is known to others but not to self. By this my friend can expose me and I can understand him that how much he understands me. I can realize my blind spots including knowledgeable and mature. About my culture surroundings i am mature. Thus this result says 100% to my mature. I am little bit nervous and little bit relaxed. Most of the time I am relaxed, nervous comes while lack of confidence in doing complex things. But I always show the relaxed face to others. In debate, I felt nervous sometimes and this results to degrade my performance. The johari windows results accepted by me about 100%.. Final category is about new who is new to both self and others. I need to concentrate these characters and analyse those characters about me. The unknown characters such as my braveness, intelligence, calmness, brave, giving, modest, able, accepting and others are under research. I need to analyse myself to become self aware. PSYCHOMETRIC TEST: In order to change my activities and a number of development tips based on my personal results for suggestions, The psychometric test is use full. There are two parts in the psychometric test that is shapes and views. That is the aim of the report is to give u ideas for your professional and personal development. Based on our personal reports of shapes we will find a few suggestions in this report in order to change our behaviour by trying certain activities. As a result of psychometric shapes test says as, I am a happy to snatch the leadership in team and make every effort to clearly regulate the individual roles and responsibilities. I am normally succeed in effective coordinating the work every day jobs and that everyone concentrates on the upcoming tasks and objectives. And my work manner like highly target motivated and for my mind think i keep in the mind the relationship between cost and benefits. I like to question usual approaches and prefer to creatively and flexibly tackle problems and tasks. I am open to new things, and occasionally contribute innovative ideas and suggestions yourself. yes i agree with this result in organizational behaviour. And this test shows that i need to aware of significance of useful contacts and relationships, and need to develop contacts quickly on the informal level and sometimes incorporate these relationship for your own purpose. And i need to recognize the core of a problem and take hold of the f undamental effects of actions. In these report i not accept with the last sentence that is i need to recognize the core of problem and take necessary effects. I know my decision is correct for current situation . Thus i agree with the aware need for me. And the test shows to try something like make list of all teams and groups in which you work together with others it helps how we describes our own role in these groups. yes so that going to try these types and even i am happy with this results i am limited with organizational development and this results reports i want to aware of here, yes it is true. Thus the progress tip given to me is great idea that can easily workout and result giving tip. The second part of the psychometric test is about view. This results summarizes the results of questionnaire views which i have completed. It indicates my personal values, professional intrests and motives. Is described under which circumstances and in which professional context i can use and develop my maximum potential. The result from the views shows that, When selecting a workplace, i should pay attention to environment of helpfulness. i want to offer my help freely and real generously and expect in return that i will also be offered the same level of support when i need it. In comparison to other professional aspects it is absolutely importance to me that i can become enthusiastic about my work and that i have the feeling that my work has a real meaning to it. And one more thing i need to feel particularly good when i often driven to perform at my intellectual peak. In comparison to my other aspects it is noticeable that it is very important for as, that company in which i was work conveys a feeling of safety and security to me. In comparison to others my attitude in this connection is absolutely typical. Thus i accepted this views results about me and try to pay attention for the above. HUMAN METRICS: The next test result is human metrics has given me result as Extravert(33%),  Ã‚  Sensing(12%),  Ã‚  Feeling(112%),  Ã‚  Judging(22%). Already I discuss my adjustment in many situations and I accept the point extraversion because I can mix together with people. This said I am important. I agreed with this. Always I take care of needs and assigning jobs to fellows. I use to give more importance to projects than life. This is 50% true. Because I use to find simple way to solve the big project not the difficult and excessive demand. And also i have moderate preference of extraversion over introversion as 33% and then i have slight preference of sensing over intuition as 12% and also i have slight preference of feeling over thinking as 12% and to i have slight preference of judging over perceiving as 22% Sensing which means physically touch. I actually aware of sensing. I always use to equip Thinking with a new, full of life sense of how the things work.. I think this I really accept I am sensing I always forecast the things in future. So I am innovative, that I always think of future. Many times before I do any activity, which really helps me that I am pre planned. Then judging result shows that I judge based on the people behaviour and attitude, which is helpful in taking right decisions. So that the result of Human metrics help me to provide for my part in doing best development. CONCLUSION: Thus the four types of test is very useful to identify our behavior and performance in organizations. The Johari windows said the behaviour I have and those behaviour are grouped four based on who knows it. The human metrics said the results by percentage and psychometric said by two parts as shapes and views. One having strength and weakness other having the things to be take care of when choosing work place. Career planning question said my interest and way. Thus the self-analysis tests results having in the region of 80% true. Hence I am accepted the test results. SWOT ANALYSIS: INTRODUCTION: The analysis is about identifying self concept that is strength, weakness, opportunities and threats is called SWOT analysis. Identifying the self concept provides development in own life. So that the analysis is to be take out and grouped as follows. (S)TRENGTHS: The positive behaviour I have is said to be strength of mine is that Problem Solving, Teamwork, Decision Making. I am very much superior to have other main strengths even as being with my team is decision-making, free and innovative idea. My friends are for all time prizing me for those things. Before me deciding anything I statistically study the qualities and demerits of doing such thing and decides if it is acceptable. In team, I ever representation only my points and I give chance to others for expose them also. This are the capability of management. I can manage any kind of people and any kind of situation. And also My strength is my adjustment. I am very much adjustable with the people without considering the country and language. I can combine with the different kind of people. The people, who yet know me, identify me as friend finder. My means of administrating fellows and making friends are my great strengths I feel. This is the thing motivate my friends to prize my brains equality. I am always welcome the changes and challenges. Then I give the imaginative and new idea to replace usual things and making the simple way for doing multifaceted thing because I prefer the stylish information. (W)EAKNESSES: Nervous Dependency Inflexible These are my weakness. Nervous even as speaking in some get-together is my very poor weakness. Still I can combine with any kind of people, I have this problem in proper and specialized meetings. one more great weakness I felt is still I cannot analyse this trouble. I am trying to beat this thing now. Dependency make me another one weakness and I feel it be able to make difficulty in my way but till it is not so. Inflexible to others stress so that I am trying to avoid this kind of weakness from me. (O)PPORTUNITIES Taking advantage from current market analyzing the current marketing strategy .For me the greater opportunity for hearing from other people who are in parallel role or same path to me. One more great thing is that attractive my open skill by means of finding the skills I have and shape the open skills in the correct way. And also to take on others in providing feedback about their experience of me. (T)HREATS The work needs excessive demand, a person being hidden by too much stress. That is the reason I wish easily reachable work. That is the large number of daily stress, which conspires against self-reflection CONCLUSION Thus from the SWOT analysis, i know my strengths, weakness, opportunities and treats. Based on my strengths and weakness i am going to improve my active skills and simultaneously beat my problems. And from opportunities and threats i going get feedbacks from experienced persons and at the same time to impose my attractive skill in correct way of manner

Human Nature Exposed in Animal Farm :: Animal Farm

Human Nature Exposed in Animal Farm "Animal Farm" by George Orwell is a novel based on the lives of a society of animals living on the Manor Farm. Although the title of the book suggests the book is merely about animals, the story is a much more in depth analysis of the workings of society in Communist Russia. The animals are used as puppets to illustrate how the communist class system operated, and how Russian citizens responded to this, and how propaganda was used by early Russian leaders such as Stalin, and the effect this type of leadership had on the behaviour of the people of Russia. One thing which relates to the topic is how the pigs are favoured on Animal Farm. The main source for this was because their leader Napolean was a pig, the pigs were subject to favouritism by Napolean, and were given privileges that other animals were not given, such as sleeping in beds, wearing clothes and drinking beer. The pigs were also the only animals involved in making the vital decisions on Animal Farm. The fact emulates in a way how our Government tends to operate. The Government Party members are paid an exuberant amount of money, with this money the members of the Government can purchase costly cars and houses, if they wish to do so. They make all the important decisions about the country where as the tax payers rarely have a say in it. Another thing that "Animal Farm" and modern society have in common is that the powerless people are subject to propaganda . In " Animal Farm" Squealer and Napolean used propaganda by telling the animals that Snowball was a traitor, and convincing them that he was a criminal. They threatened that if Napolean was not in leadership Jones may come back. This happens in our society during the election period , the opposing parties all warn the public of the consequences of voting the other party, and how bad it would be if they were in power. The issue of Boxer the horse represents how people are used for their skills and talents. As soon as they are not needed they are disregarded. Boxer was the hardest worker on the farm, he contributed the most to the development of the windmill. As soon as Boxer was unable to continue working, Napolean got rid of him.

A Case Study: Employee Behavior

The MBA Toolbox defines influencing as, â€Å"changing another person’s attitudes without using force or authority† (p. 1). When force or authority is used the implication is that the influence is unethical. Influence is achieved ethically by engendering trust. For managers and executives influencing behavior should be thought of as an ongoing, two-way, process. Jeanne Lewis of Staples, Inc. was able to ethically influence her organization by adapting her own style and by listening to and learning from her employees at all levels of the organization.It is impossible to institute effective change within an organization without being well-connected to the organization itself. The Harvard case study about the career of Jeanne Lewis shows that it is possible to change a corporation through interpersonal relationships, dialogue and patience. The Company Despite the ill-fated merger with Office Depot in 1997, Staples Inc. was a company that exhibited a track record of consist ent growth by the time Jeanne Lewis was hired into the marketing department. Strong leadership from the top had characterized Staples rise to prominence.Despite Staples’ track record of success, Jeanne Lewis sensed the need for change within the organization. As she moved through various positions in the company she only became more convinced of this. If Staples was going to meet its’ aggressive goals a more integrative organizational approach was needed. But how could she put her ideas forward? Upon Todd Krasnow’s exit, Lewis would be the new leader. Krasnow was universally respected, and any change from his philosophy could meet with resistance. Promoting ChangeEthical and effective change within an organization is a function of trust. Jeanne Lewis understood this. She also saw influencing change as a process. Gaining influence by dishonest means could have been done in an instant, but Lewis knew this would benefit no one in the long run. Lewis influenced peop le first by being open and honest, and second by putting herself in the shoes of her employees. When the time for change came, they were ready to go along with her because they trusted her commitment to them and the company.Jeanne Lewis did not try to propose significant organizational change as soon as she had the idea. She paved the way for change over a number of years. She learned every detail she could about the operation of the company, and became well liked and respected. One co-worker in Suesse’s case study Jeanne Lewis at Staples, Inc. , describes Lewis this way: Jeanne’s charm could be disarming. She worked really hard and her personality motivated you. She tended to manage tightly at first then loosened the reins. She challenged us a lot and invited us tochallenge each other. (p. 4) Jeanne’s personality and open nature engendered trust among those who worked with her. But it was also clear to everyone that she knew the business, and could succeed in a ny position within it. This feeling was not earned overnight. Lewis had strived to learn the details others might not have. Another co-worker describes her this way: I think she was able to influence people and get respect because she had great insight, and she combined it with a great natural personality. (Suesse, p.5) Conclusions The MBA toolbox defines influence in practical terms this way: †¦to influence you have to prove to other people that accepting your proposal helps them to solve their problems or achieve their objectives. (p. 1) This simple definition masks a complex, and very human, process. Influence can be achieved in ethical or unethical, honest or dishonest, ways. The ramifications of unethical influence can extend far beyond what is expected. The recent corporate scandals show the destruction that can take place.The ethical and financial downfall likely started as the result of one person exerting influence, unethically, over another. The case study of Jeanne L ewis shows the value of trust within an organization. Trust comes from ethical behavior. Gregory Perry in An exploration of Factors Influencing Ethical and Unethical Behavior in Negotiations, highlights this factor: Trust between parties is viewed as an integral- if not central feature of the effective and productive work relationships†¦ Highly ethical behavior can build relationships and reducetransaction costs between parties. (p. 2) Influencing an organization by ethical means takes more time than doing it unethically. It is a process of gaining trust similar to that in any relationship. Jeanne Lewis influenced her organization ethically by gaining the knowledge to know how her changes would affect others, remaining open to suggestion and gaining trust. Comparing the experience of Jeanne Lewis at Staples to other companies rife with unethical behavior, however, shows that the effort is well worth it for everyone involved.Sources DuBrin, Andrew. (2003). Leadership- Research F indings, Practice and Skills (4th Ed. ). New York: Houghton Mifflin. MBA Toolbox. (2006). Chapter 2: Influencing Persuading. Retrieved 9/27/2006 from: http://www. mbatoolbox. org/stories/storyReaders$12 Perry, Gregory M. (2005). An Exploration of Factors Influencing Ethical and Unethical Behavior in Negotiations. Journal of Agricultural and Applied Economics; Apr ’05. Suesse, Jennifer. (2000). Jeanne Lewis at Staples, Inc. (A) (Abridged). Boston: Harvard Business School.

Berkshire Hathaway Phenomenon In the Context of Modern Finance Theory Essay

Berkshire Hathaway Phenomenon In the Context of Modern Finance Theory Septtember 2013 Berkshire Hathaway Phenomenon In the Context of Modern Finance Theory Introduction Over the 46 years ending December 2012, Warren Buffett (Berkshire Hathaway) has achieved a compound, after-tax, rate of return in excess of 20% p.a. Such consistent, long term, out performance might be viewed as incompatible with modern finance theory. This essay discusses the Berkshire Hathaway phenomenon in the context of modern finance theory. Part 1 Modern Portfolio Theory Berkshire Hathaway’s investing strategies mainly differ with modern portfolio theory on two aspects. The first one is the attitude towards the undesirable thing in investment. And the second one is the perspective of diversification. As Harry Markowitz pointed out in Portfolio Selection, one of the assumptions is (Markowitz, 1952)â€Å"the investor does (or should) consider expected return as a desirable thing and variance of return an undesirable thing†. However, in Warren Buffet’s point of view, (Roberg G, 2005) the only undesirable thing should be the possibility of harm. He emphasizes on conducting fundamental analysis to work out a company’s future profits, so as to determine the intrinsic value instead of monitoring the stock prices. This is because in the long term, the investment outcome is mainly harmed by misjudging the business value, including misjudging of inflation rate and  interest rate etc. As such, risk is defined differently between Mr Buffett and Modern Portfolio Theory; one is defined by possibility of misjudging the  intrinsic value of business, the other being simplified to variance of expected returns. If we consider risk as a probability statement, then maybe Mr B uffett’s definition is closer to the original meaning. Also, the assumption of maximising one-period expected utility is not what Buffet focuses on in his investment strategies. (Roberg G, 2005)In this case, Justin Industries, which was acquired by Berkshire Hathaway in 2000, can serve as a good example. During the five years prior to the acquisition, stock price of Justin Industries dropped by 37 percent, which should result in a huge variance of expected return. But Mr Buffett saw it as a perfect opportunity to purchase a well-managed traditional business with over 100 years of history. He offered a 23 percent premium over stock price at the time, and the stock price shot up by 22% on the day of announcement. It is also stated by Markowitz that, (Markowitz, 1952)â€Å"a rule of behaviour which does not imply the superiority of diversification must be rejected both as a hypothesis and as a maxim†. On the contrary, Mr Buffett has his famous quote, (Roberg G, 2005)â€Å"diversification serves as a protection against ignorance. If you want to make sure that nothing bad happens to you relative to the market, you should own everything. There is nothing wrong with that. It’s a perfectly sound approach for somebody who doesn’t know how to analyse business†. One can always argue that Berkshire Hathaway does not operate in only one industry, and they tend to invest in more industries in recent years. But as the business grows in volume, it is reasonable to be involved in new industries when there are few sound investment opportunities in the industries they already operate in, let alone that the technology industry was rarely in the list of holdings of Berkshire Hathaway, not even when Apple’s stock was soaring. The reason being, (Roberg G, 2005)â€Å"investment success is not about how much you know but how realistically you define what you don’t know†. Chart 1 (Martin & Puthenpurackal, 2007) Distribution of Berkshire Hathaway Investments by Industry The chart above shows distribution of Berkshire Hathaway’s investments by industry and firm size during the time frame 1976-2006. Judging by the size and number of investments, it can be concluded that a large amount of wealth was placed in manufacturing industry during the 30 years in study, although for diversification purpose, more weight could have been placed in the industry of agriculture, forestry and fishing, construction or retail trade. Having compared the differences, it is still worth noting that Markowitz did not rule out fundamental analysis in portfolio selection process, as is said in his foregoing paper,(Markowitz, 1952)â€Å"the process of selecting a portfolio may be divided into two stages. The first stage starts with observation and experience and ends with beliefs about the future performances of available securities. The second stage starts with relevant beliefs about future performances and ends with the choice of portfolio. This paper is concerned with the second stage†. Part 2 Efficient Market Hypothesis The strong form of efficient market hypothesis states that all information, no matter public or private, instantaneously affects current stock price. Semi-strong form is only concerned with public information, while the weak form suggests that current stock price reflects information in the previous prices. In short, they simply imply that in the long run, no one should be able to beat the market in terms of investment return. As is said in Fama’s paper in 1970, (Eugene F, 1970)â€Å"the evidence in support of the efficient markets model is extensive, and (somewhat uniquely in economics) contradictory evidence is sparse†. However, Warren Buffet has always criticised efficient market hypothesis as much as he could. The major  reason is that, as a fundamental analysis advocate, (Roberg G, 2005)he thinks analysing all available information make an analyst at advantage. He once said, (Banchuenvijit, 2006)†investing in a market where people believe in efficiency is like playing bridge with someone who has been told it does not do any good to look at the cards.† Also in his speech at Columbia University in 1984, he mentioned, â€Å"ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper.† (Roberg G, 2005)To illustrate, we can take Berkshire Hathaway’s acquisition of Burlington Northern Santa Fe Corp. in 2009 for example. At the time, shares of Burlington Northern had dropped 13 percent in 12 months. Also, the market was soft during GFC, so the possibility of competitive bids was low according to Tony Russo, a partner at Gardner Russo & Gardner, which holds Berkshire shares. If efficient market hypothesis does stand, the market would rebound quickly when GFC took place, and such opportunity of relatively low-priced acquisition would not exist. Even if it exists, other investor should anticipate quick upward adjustment of price and participate in bidding when they find out about this opportunity. However, this does not prove that fundamental analysis is superior, because intrinsic value is not yet clear defined, and how does Mr Buffet calculate the intrinsic value is still a mystery. Part 3 Capital Asset Pricing Model When examining assumptions of Capital Asset Pricing Model, it is obvious that Mr Buffett is at odds with almost every one of them. Firstly, the model assumes that all investors are Markowitz efficient, but as mentioned earlier, Mr Buffett does not treat variance of expected return as an absolute drawback, so the second rule that Markowitz Efficiency must follow does not stand. Secondly, the model is backed by the assumption that investors have  homogeneous expectations and equal access to opportunities, which suggests that everyone is supposed to have the same view of future profit stream. However, as a recent paper pointed out, (Frazzini, et al., 2013)Mr Buffett’s return is largely due to his selection of stocks. If everyone has the same view with Mr Buffett and the same access to the investment opportunities, then if not everyone, a large number of people should be as rich as Mr Buffett, when the reality is the opposite. So Mr Buffett would not agree with this assumption either. The third assumption is that capital markets are in equilibrium, which is practically what only efficient markets can achieve, which, as discussed above, is not in line with Mr Buffett’s view point. The final one, which is that Capital Asset Pricing Model only works within one period time horizon, is apparently against Mr Buffett’s long-term holding strategy. Apart from model assumptions, one of the strongest contradictions between Mr Buffett’s view point and Capital Asset Pricing Model is that the model is for short-term predicting purpose, which would clearly be categorised into (Roberg G, 2005)â€Å"speculation† instead of â€Å"investment† by Mr Buffett. In addition, â€Å"market portfolio† is not of practical use, compared with Mr Buffett’s way of only analysing businesses he is familiar with, because the market portfolio we use cannot truly represent the entire market. Part 4 Multi-factor Pricing Models Unlike Capital Asset Pricing Model, which has only one factor, in Multi-factor Pricing Models, such as Arbitrage Pricing Theory and Fama-French three-factor model, the rate of return is linked to several factors. As diversification is still suggested by the model, the same divergence on diversification exists with Mr Buffet’s strategies and Multi-factor Pricing Models. Moreover, differences also lie in the fact that multi-factor models usually take in some macroeconomic factors, which investors should not consider according to Mr Buffett, (Roberg G, 2005)the rationale being that if a single stock price cannot be predicted, the overall economic condition would be more difficult to predict. Despite the differences, some micro factors included in the multi-factor model, such as P/E ratio and book-to-market ratio, can also be used to conduct fundamental analysis to determine the intrinsic value and possibility of growth of a business. As such, the ideas of which factors to take into account can coincide within the two different approaches. Chart 2(Martin & Puthenpurackal, 2007) Factor Regressions of Berkshire Hathaway and Mimicking Portfolios In a paper by Gerald S. Martin and John Puthenpurackal, they conduct a regression analysis using Fama-French three-factor and Carhart four-factor models on monthly returns of Berkshire Hathaway and mimicking portfolios. (Martin & Puthenpurackal, 2007)The adjusted excess returns turn out to be significant with p-values < 0.024; the excess market return and high-minus-low book-to-market factors are again significant with p-values < 0.01. However, small-minus-big and prior 2-12 month return momentum factors are not significantly explanatory factors. As such, preliminary conclusion can be reached that book-to-value highminus-low can be a common factor in both multi-factor models and Mr Buffett’s fundamental analysis. In addition, the factors of firm size and momentum are not likely to be considered by Mr Buffett. Also, both Berkshire’s and mimicking portfolio’s returns outperform the multi-factor models in study. (Bowen & Rajgopal, 2009)But as is pointed out in another thesis, the superior performance is attributed to the earlier years and they observe no significant alpha during the recent decade. Part 5 Black-Scholes Option Pricing Model According to Berkshire Hathaway’s letter to shareholders in 2008,(Buffett, 2008)their put contracts reported a mark-to-market loss of $5.1 billion, and this led to Mr Buffett’s â€Å"criticism† towards the Black-Scholes formula as is claimed by the media. However, the loss was in fact caused by inclusion of volatility in the formula when volatility becomes irrelevant as the duration before maturity lengthens. As Mr Buffett said in the letter,(Buffett, 2008)if the formula is applied to extended time periods, it can produce absurd results. In fairness, Black and Scholes almost certainly understood this point well. But their devoted followers may be ignoring whatever caveats the two men attached when they first unveiled the formula. As such, Mr Buffett’s comment on Black-Scholes formula is more of self-criticism than the other way around. This is reflected in his earlier comment on performance in the letter,(Buffett, 2008)†I believe each contract we own was mispriced at inception, sometimes dramatically so. I both initiated these positions and monitor them, a set of responsibilities consistent with my belief that the CEO of any large financial organization must be the Chief Risk Officer as well. If we lose money on our derivatives, it will be my fault.† We can understand why Mr Buffett gave this â€Å"fair† comment about the formulae when referring to the Black-Scholes paper,(Black & Scholes, 1973)†if the expiration date of the option is very far in the future, then the price of the bond that pays the exercise price on the maturity date will be very low, and the value of the option will be approximately equal to the price of the stock. â€Å" Mr Buffett also commented that (Buffett, 2008)†The Black-Scholes formula has approached the status of holy writ in finance, and we use it when valuing our equity put options for financial statements purposes. Key inputs to the calculation include a contract’s maturity and strike price, as well as the analyst’s expectations for volatility, interest rates and dividends† and that â€Å"even so, we will continue to use  Black-Scholes when we are estimating our financial-statement liability for long-term equity puts. The formula represents conventional wisdom and any substitute that I might offer would engender extreme scepticism†. Despite Mr Buffett’s confession, a scholar studied the letter and reached a different conclusion why the loss was made:(Cornell, 2009)He first ruled out risk-free rate, inflation rate and drift and focused on volatility, which is consistent with where Mr Buffett thought he made a mistake. The lognormal diffusion assumption, which implies that volatility increases linearly with respect to the horizon over which it is measured, was discussed at length with controversial evidence. As such, its misuse is not a strong explanation regarding the absurd results. He then found out in the letter that Mr Buffett believed that inflationary policies of governments and central banks will limit future declines in nominal stock prices compared with those predicted by a historically estimated lognormal distribution. If Mr Buffet is right, then the Black-Scholes model will indeed significantly overvalue long-dated put options, to which a possible solution is making the left-hand tail truncated to reduce the value of long-dated put options. Summary Throughout this essay, we have discussed the common views and divergences between Mr Buffett’s investment strategies and Modern Finance Theories. Now we summarize the main points as follows: Common views Divergences Black-Scholes Option Pricing Model Modern Portfolio Theory Efficient Market Hypothesis Capital Asset Pricing Model Multi-factor Models Chart 3 Common Views and Divergences between Modern Finance Theory and Mr Buffett’s Strategies Modern Finance Theories Modern Portfolio Theory Divergences with Warren Buffet 1. Risk Defined as Volatility 2. Short Investment Horizon 3. Diversification Efficient Market Hypothesis Capital Asset Pricing Model Reliability of Fundamental Analysis 1. Markowitz Efficient Investors 2. Homogeneous Expectation and Equal Access to Opportunities 3. Markets in Equilibrium 4. Short Investment Horizon 5. Predicting Function Leads to Speculation 6. Impractical â€Å"Market Portfolio† 7. Diversification Multi-factor Models 1. Macro Factors 2. Diversification Chart 4 Detailed Divergences between Modern Finance Theory and Mr Buffett’s Strategies Bibliography Banchuenvijit, W., 2006. Investment Philosophy of Warren E. Buffet, Bankok: The University of Thai Chamber ofCommerce. Black, F. & Scholes, M., 1973. The Pricing of Options and Corporate Liabilities. The Journal of Political Economy, 81(3), pp. 637-654. Bowen, R. M. & Rajgopal, S., 2009. Do Powerful Investors Influence Accounting, Governance and Investing Decisions?, Washington D.C.: University of Washington. Buffett, W. E., 2008. Letter to Shareholders, Omaha: Berkshire Hathaway, Inc.. Cornell, B., 2009. Warren Buffet, Black-Scholes and the Valuation of Long-dated Options, Pasadena: California Institute of Technology. Davis, J., 1991. Lessons from Omaha: an Analysis of the Investment Methods and Business Philosophy of Warren Buffett, Cambridge: Cambridge University. Eugene F, F., 1970. Efficient Capital Markets: A Review of THeory and Empirical Work. The Journal of Finance, 25(2), pp. 383-417. Eugene F, F. & Kenneth R, F., 1992. The Cross-Section of Expected Stock Return. The Journal of Finance, XLVII(2). Markowitz, H., 1952. Portfolio Selection. The Journal of Finance, VII(1), pp. 77-91. Martin, G. S. & Puthenpurackal, J., 2007. Imitation is the Sincerest Form of Flattery: Warren Buffett and Berkshire Hathaway, Reno: University of Nevada. Roberg G, H., 2005. The Warren Buffet Way. 2 ed. Hoboken: John Wiley& Sons, Inc.. William F, S., 1964. Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. The Journal of Finance, 19(3), pp. 425-442.

Oliver Stone, Get Your Facts Straight

Oliver Stone, Get Your Facts Straight! Some have said that Oliver Stones The Doors was a realistic and accurate portrayal of Jim Morrisons life and The Doors musical escapades. Unfortunately, director Oliver Stone has a habit of putting his own beliefs and ideas into the mouths of his characters. This would not necessarily be bad if his characters were fictional. Jim Morrison and his fellow band members are real, and those who knew him best are still living. The first major mistake that Stone made took place when Jim and Ray Manzarek (Kyle Maclachlan) were attending UCLA film school. A recreation of Jims short student film is shown. In Stones version there is quite a bit of what seems to be Nazi propaganda. Scenes of Hitler and his troops shouting and holding up Nazi flags are shown with Kilmer reading Jims poetry in the background. The WWII footage in Jims original film was grossly misrepresented. It was a funny, light scene with a large German girl dancing on a T.V. to American rock music in the background. Stones version made Jim out to be a disciple of Adolf Hitler. In addition to all the anti-Semitism Stone placed in the film, he also had Kilmer misquoting Friedrich Nietzsche. The scene at Andy Warhols party was Stones next mistake. Stone manages to make the other members of The Doors into the bad guys. Jim stands alone. It is an emotional scene that has Jim asking the other Doors to stay at the party because he doesnt ...know what could happen tonight, maybe death. All the members of the band were friends, friends that dont desert each other when they are in need. In reality, the other members of The Doors did not leave Jim at the party, and he never verbalized a premonition of anything bad happing. Stone may have needed something to move his plot further, but did he really have to slander others to do this? Another mino...

The Power of Fuel Cells essays

The Power of Fuel Cells essays As the scientific world progresses and the over-consumption of fossil fuels continues, scientists, environmentalists, and businessmen alike seek alternate forms of energy production and usage. One such alternative is viable through fuel cells. Fuel cells can power cars, trucks, and buses without emitting harmful tailpipe emissions. Such vehicles will be cleaner and more energy efficient than those powered by an internal combustion engine. Fuel cells also may provide energy to factories and homes without creating smokestack pollution. They offer significant improvements in energy efficiency as they remove the intermediate step of combustion and mechanical devices such as turbines and pistons. Unlike conventional systems, their high efficiency is not compromised by small sizes. Fuel cell cogeneration plants have demonstrated unprecedented reliability and durability that is significantly better than conventional competitive equipment. The absence of combustion and moving parts means tha t fuel cells can run continuously for long periods of time before servicing and that they are far less prone to breakdown or forced outages. A number of fuel cell systems operating in "real world" commercial conditions have run continuously at full power for more than a year and over thirty have exceeded six months. One of the most exceptional qualities about fuel cells is that they promote energy security as they can use hydrogen derived from a variety of sources, including methane, propane, coal, and renewables such as biomass or, through electrolysis, wind and solar energy. In fact, hydrogen is the simplest and most abundant element in the universe, most commonly found on earth as H2Owater. Hydrogen is also the fuel of choice for energy-efficient fuel cells. Furthermore, hydrogen boasts many important advantages over other fuels: it is non-toxic, renewable, clean to use, and packs much more energy per pound. In a fuel cell, hydrogen gas from the fu...

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How to Build the Back of a Book Cover (with Template) The Back of a Book Cover: How to Build One That Actually Works (with Template) Picture an intrepid reader in the bookstore. They’re skimming the shelves when their eye is caught by a brilliantly imagined front cover. They pick the book up. Check. The spine is bold and inviting. Check. Then they flip to the back of the book cover - and it’s a boring solid background with no text.When it comes to book design, your thoughts probably don’t jump straight to a book’s back - it’s not as sexy or attention-grabbing as, say, the front. But it happens to be one of the most important sales tools at your disposal. So let's clear up some misconceptions:Nobody ever sees the back cover of a book online! Amazon.com now allows customers to view the back of paperback books.I don’t need a back cover to create a print book! KDP Print and IngramSpark require you to upload a front cover, spine, and back cover.Then there’s the biggest myth of all: nobody pays attention to the back of a book. Almost everyone reads the blurb before they decide whether to purchase. What’s more, they’ll spend only 10 seconds doing it. In this post, we’ll show you how to make that time count so that a reader ends up deciding in your favor.What makes a good back cover? As you start putting your own back cover together, just remember: experiment to find a balance that works for your book. When you hit a perfect balance between all the elements, you’ll have created a back cover that works.Are you in the middle of designing your own back cover? How have you found the experience? Leave your thoughts in the comments below.

BUSINESS SKILL Essay Example | Topics and Well Written Essays - 2750 words - 1

BUSINESS SKILL - Essay Example stand that the ability to secure the relevant book requires a careful understanding of the topic of concern, allowing one to seek assistance at the slightest possible time. The goal of the library is to provide people with new means of dealing with society issues while making changes as a way of attaining the required level of learning. Libraries are essential, and the modernisation of access to information has made them almost obsolete, but their role should not be overlooked. Jackson’s article on the issue of libraries in today’s society is valid and should be a major concern for society as a whole. The article is an informative one on this issue that meets the immediate demands of the inquisitive mind (Jackson 2011). It looks at the emergence of the internet and the growing notions that the internet is the major provider of knowledge and information required for everyday research as noted amongst the young generation (Vrana & Barbaric 2007: 437). It is for this reason that many are misguided to believe that the library is for the older generation and the isolated people, yet libraries are enriching facilities where people can study and gather critical and enlightening information (Herrera-Viedma & Lopez-Gijon 2013: 1382). Learning has changed to clicking a few links without having any means of discounting the information attained from such sources. The studies conducted on a myriad of websites have been misleading; something that continues to bother many people owing to the misconception that the internet is generally accurate (Jackson 2011). The speed of getting access to an article or information on an issue has tricked many into believing that the library is not sufficient to gather information (Rowlands et al. 2008: 292). However, Jackson notes that the society needs to change this mentality as the faà §ade is not helping the young generation in information gathering. The library has a wealth of information that can fill in the gaps that the mobile

Reflection on a critical incident Essay Example | Topics and Well Written Essays - 1500 words

Reflection on a critical incident - Essay Example This reflective practice is associated with learning from experience, and is associated with the improvement of the quality of care, stimulating personal and professional growth and closing the gap between theory and practice. To facilitate me with my reflection, I have chosen GIBBS model 1988. This is a clear-cut approach wherein one can easily put into words the clinical experience that has been learned. It starts with the description of the incident, followed by the feelings, evaluation, analysis, conclusion and action plan. Discussion includes the importance of proper administration of medication and how it has touched me in order to grow personally and professionally. The first stage of Gibbs 1998 model of reflection is the description of events. It was one of those busy days of the hospital. I could not forget my first day of 11pm to 7am duty at the pediatric ward of that public hospital we were affiliated to. My classmates and I were asked by the chief nurse to observe a staff on how to administer medications to the patients. I was very excited about the task that I did not even want to miss a single minute. When it was time for us to proceed to the children’s rooms, I whispered a little prayer and grabbed my small notebook in case the nurse would do some lectures as the procedures were done. We were five in our group and most of us were tired because of the previous lectures we had during the day, but still managed to stay focused on the task. Nurse X went on with the administration of the medications. Then we reached the last patient of the ward, which was Patient X’s room. I was very eager to know the rationale of giving antibiotics to Patient X who was just one-month old at that time. He had staphylococcal infection on the right forearm which was full of pus. Due to mere curiosity, I asked Nurse X what antibiotic in particular she just introduced at the intravenous line of Patient X. She glanced at me with surprise, not expecting my

Reflection on a critical incident Essay Example | Topics and Well Written Essays - 1500 words

Reflection on a critical incident - Essay Example This reflective practice is associated with learning from experience, and is associated with the improvement of the quality of care, stimulating personal and professional growth and closing the gap between theory and practice. To facilitate me with my reflection, I have chosen GIBBS model 1988. This is a clear-cut approach wherein one can easily put into words the clinical experience that has been learned. It starts with the description of the incident, followed by the feelings, evaluation, analysis, conclusion and action plan. Discussion includes the importance of proper administration of medication and how it has touched me in order to grow personally and professionally. The first stage of Gibbs 1998 model of reflection is the description of events. It was one of those busy days of the hospital. I could not forget my first day of 11pm to 7am duty at the pediatric ward of that public hospital we were affiliated to. My classmates and I were asked by the chief nurse to observe a staff on how to administer medications to the patients. I was very excited about the task that I did not even want to miss a single minute. When it was time for us to proceed to the children’s rooms, I whispered a little prayer and grabbed my small notebook in case the nurse would do some lectures as the procedures were done. We were five in our group and most of us were tired because of the previous lectures we had during the day, but still managed to stay focused on the task. Nurse X went on with the administration of the medications. Then we reached the last patient of the ward, which was Patient X’s room. I was very eager to know the rationale of giving antibiotics to Patient X who was just one-month old at that time. He had staphylococcal infection on the right forearm which was full of pus. Due to mere curiosity, I asked Nurse X what antibiotic in particular she just introduced at the intravenous line of Patient X. She glanced at me with surprise, not expecting my

Reflection on a critical incident Essay Example | Topics and Well Written Essays - 1500 words

Reflection on a critical incident - Essay Example This reflective practice is associated with learning from experience, and is associated with the improvement of the quality of care, stimulating personal and professional growth and closing the gap between theory and practice. To facilitate me with my reflection, I have chosen GIBBS model 1988. This is a clear-cut approach wherein one can easily put into words the clinical experience that has been learned. It starts with the description of the incident, followed by the feelings, evaluation, analysis, conclusion and action plan. Discussion includes the importance of proper administration of medication and how it has touched me in order to grow personally and professionally. The first stage of Gibbs 1998 model of reflection is the description of events. It was one of those busy days of the hospital. I could not forget my first day of 11pm to 7am duty at the pediatric ward of that public hospital we were affiliated to. My classmates and I were asked by the chief nurse to observe a staff on how to administer medications to the patients. I was very excited about the task that I did not even want to miss a single minute. When it was time for us to proceed to the children’s rooms, I whispered a little prayer and grabbed my small notebook in case the nurse would do some lectures as the procedures were done. We were five in our group and most of us were tired because of the previous lectures we had during the day, but still managed to stay focused on the task. Nurse X went on with the administration of the medications. Then we reached the last patient of the ward, which was Patient X’s room. I was very eager to know the rationale of giving antibiotics to Patient X who was just one-month old at that time. He had staphylococcal infection on the right forearm which was full of pus. Due to mere curiosity, I asked Nurse X what antibiotic in particular she just introduced at the intravenous line of Patient X. She glanced at me with surprise, not expecting my

Reflection on a critical incident Essay Example | Topics and Well Written Essays - 1500 words

Reflection on a critical incident - Essay Example This reflective practice is associated with learning from experience, and is associated with the improvement of the quality of care, stimulating personal and professional growth and closing the gap between theory and practice. To facilitate me with my reflection, I have chosen GIBBS model 1988. This is a clear-cut approach wherein one can easily put into words the clinical experience that has been learned. It starts with the description of the incident, followed by the feelings, evaluation, analysis, conclusion and action plan. Discussion includes the importance of proper administration of medication and how it has touched me in order to grow personally and professionally. The first stage of Gibbs 1998 model of reflection is the description of events. It was one of those busy days of the hospital. I could not forget my first day of 11pm to 7am duty at the pediatric ward of that public hospital we were affiliated to. My classmates and I were asked by the chief nurse to observe a staff on how to administer medications to the patients. I was very excited about the task that I did not even want to miss a single minute. When it was time for us to proceed to the children’s rooms, I whispered a little prayer and grabbed my small notebook in case the nurse would do some lectures as the procedures were done. We were five in our group and most of us were tired because of the previous lectures we had during the day, but still managed to stay focused on the task. Nurse X went on with the administration of the medications. Then we reached the last patient of the ward, which was Patient X’s room. I was very eager to know the rationale of giving antibiotics to Patient X who was just one-month old at that time. He had staphylococcal infection on the right forearm which was full of pus. Due to mere curiosity, I asked Nurse X what antibiotic in particular she just introduced at the intravenous line of Patient X. She glanced at me with surprise, not expecting my

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Consumer Behavior Essay Example | Topics and Well Written Essays - 2000 words

Consumer Behavior - Essay Example From the discussion it is clear that once the target market has been identified, the next step is to devise an appropriate strategy. Through, Operant conditioning which draws out the link between the behavior and consequence, individuals can be made aware that their behavior of divorce can result in severe consequences for themselves, their counterparts and the children in cases where they have been born. Operant conditioning is the most suitable strategy here mainly because it accentuates the consequences of a broken marriage that can greatly help individuals in understanding that divorce is a major step that should not be undertaken in response to meager issues. As the study stresses advertisements which portray such consequences can be used as a marketing tool. Celebrities who have born such consequences can be interviewed and they can give out a message to these individuals to think before making such a big decision. Furthermore, for busy individuals, it is important that peaceful cafes in central areas are utilized. This way working couples can take time out for lunch and meet up at these cafes. This will allow them to spend more time with each other. Moreover restaurants, cafes cinemas and hotels should be encouraged to introduce couple deals and discounts which will allow more couples to spend some quality time with each other. Since positive reinforcement is necessary to ensure a health marriage, in addition to providing outdoor entertainment to couples, it is important to encourage the use of marriage counselors. ... Celebrities who have born such consequences can be interviewed and they can give out a message to these individuals to think before making such a big decision. Furthermore, for busy individuals, it is important that peaceful cafes in central areas are utilized. This way working couples can take time out for lunch and meet up at these cafes. This will allow them to spend more time with each other. Moreover restaurants, cafes cinemas and hotels should be encouraged to introduce couple deals and discounts which will allow more couples to spend some quality time with each other. Since positive reinforcement is necessary to ensure a health marriage, in addition to providing outdoor entertainment to couples, it is important to encourage the use of marriage counselors. This will allow them to come across each other’s strengths more often making them less reluctant to end their marriage. Sometimes couples fail to communicate with each other properly which results in misunderstandings and intense disagreements. Marriage counselors can help couples in instilling in themselves some qualities and characteristics that are necessary for a successful relationship. Hence in order to reduce the divorce rates, marriage counselors should be advertised and promoted through television, radio and print media (Daft, 2001). Also organizations should be encouraged to conduct events where employees are invited with their counterparts. This way it will allow both individuals to be part of each other’s professional lives as well allowing them to understand each other better. An employee who has a good marriage is less likely to face any personal problems and therefore will fully concentrate on work. This will help organizations in improving their productivity. The

Observation about resarch methodologies Essay Example | Topics and Well Written Essays - 1000 words

Observation about resarch methodologies - Essay Example Increasingly, though, this means of taking account of the world is being questioned, if not discredited† (Jones). Recent growth in media along with the advances of technology made it too commercialized that it now focuses more on providing information about celebrities than delivering real news. Real news which used to be the meat of the media now even has to compete with late night shows due to this commercialized development. The growth of the media changed itself and has shifted its focus from informing the public about real news that forms opinions to merely reporting news about celebrities. Despite the growing diversity of media outlets that now include newspapers, magazines, radios and cable television, its coverage became more mundane and limited as reporters have become more interested in discussing matters that concern more about celebrities because the public enjoys such stories than giving substantive news. This variety in the media creates competition that editors a nd producers alike are pressured to focus their news base on what people enjoys than what really matters for them to increase their ratings. The best example about this is the media frenzy about Michael Jackson’s death. ... This detailed description reveals the proportion of the coverage the media devotes to Michael Jackson. The news about the death of the pop star fills the press around the world as journalists compete about the newest piece of information to share with millions of people while disregarding other more important news. The continuous coverage and the diversity of the media outlet involved explain how celebrities like Michael Jackson play a key role for the industry to thrive. The news of the pop star’s death has succeeded in rendering any major political, economic or social event futile because radio stations, cable television and newspaper editors place more importance on the pop star’s death no matter how trivial it is. An article relating o the pop star’s death even read and informs: â€Å"From the eerily titled ‘Michael Jackson: The Afterlife,’ which airs locally at 8 p.m. on WNEP to a two-hour interview with Michael Jackson's mother, Katherine, on WBRE-TV at 9 p.m, multiple television specials and tributes to the ‘Thriller’ hit maker will fill the airwaves† (Brown). This overwhelming and continuous coverage reflects the fame of the artist and the demand of the public to whom it is directed. Each medium, according to its specialty deals with a form of information suited to its audience which keeps the discussion going. The coverage may discuss Jackson’s financial issues, his children, or his relationship with his family. This statement indicates: â€Å"Additionally, tabloids such as the New York Post and the New York Daily News are reporting information about the singer's family, and non-tabloids, such as The New York Times and

Discuss, using examples, how the Internet may change Michael Porter's Essay

Discuss, using examples, how the Internet may change Michael Porter's five competitive forces - Essay Example The introduction of computers and internet has significant effects on Porter’s five forces model. According to Poon (1997), global computer network has far-reaching abilities and is capable of reducing the normal business expenditure. This paper analyses how Internet may change Michael Porter’s five competitive forces. How the Internet may change Michael Porter’s five competitive forces? Internet and Threat of substitute products Threat of substitute products is increasing day by day in global market after the arrival of internet and the subsequent development of ecommerce. As per the statistics released by US Department of Commerce in May 2005, e-commerce sales in the first quarter of the year had been $19.8 billion (Eschen, 2005). In other words, business in the virtual world is increasing rapidly at present because of the arrival of internet. It should be noted that Chinese companies are manufacturing plenty of duplicate products in their country. It is easy f or them to make a duplicate for iPhone 5 or Galaxy S4 and sell it at a cheaper rate. People in America or Europe can easily purchase these duplicate products with the help of internet. In short, threat of substitute products is increasing day by day because of the arrival of internet and subsequent development of ecommerce. ... As a result of that retailers forced to start business in the virtual world also. Wal-Mart and Tesco like prominent retailers have already started ecommerce because of the challenges facing by them from new entrants in the virtual world. Vitez (2013) pointed out that companies should implement current technologies in business. Otherwise competitors may use new Internet-based technology for creating a competitive advantage in the economic marketplace. For example, outsourcing is one of the latest business concepts developed in the corporate world with the arrival of internet. According to Thompson (2009), outsourcing is a business process in which a company contracts with another company to provide services that might normally performed by in-house employees. Because of manpower shortage, labor costs in America and Europe are extremely higher than that in Asian countries. Therefore, goods and services produced in these countries may struggle to compete effectively with Indian or Chine se products and services in the market. In order to avoid this problem, American and European companies are outsourcing their business to cheap labor oriented countries to compete effectively in the market. It should be noted that Indian or Chinese companies can sell cheaper products in American or European market through internet. As a result of that, American and European companies may struggle to sell their products even in the local market. â€Å"For existing businesses, these new online sellers represent a challenge to retain customers† (Hartman, 2013). To avoid this problem from new entrants, these companies are currently outsourcing and offshoring their business activities to cheap labor oriented overseas

Observation about resarch methodologies Essay Example | Topics and Well Written Essays - 1000 words

Observation about resarch methodologies - Essay Example Increasingly, though, this means of taking account of the world is being questioned, if not discredited† (Jones). Recent growth in media along with the advances of technology made it too commercialized that it now focuses more on providing information about celebrities than delivering real news. Real news which used to be the meat of the media now even has to compete with late night shows due to this commercialized development. The growth of the media changed itself and has shifted its focus from informing the public about real news that forms opinions to merely reporting news about celebrities. Despite the growing diversity of media outlets that now include newspapers, magazines, radios and cable television, its coverage became more mundane and limited as reporters have become more interested in discussing matters that concern more about celebrities because the public enjoys such stories than giving substantive news. This variety in the media creates competition that editors a nd producers alike are pressured to focus their news base on what people enjoys than what really matters for them to increase their ratings. The best example about this is the media frenzy about Michael Jackson’s death. ... This detailed description reveals the proportion of the coverage the media devotes to Michael Jackson. The news about the death of the pop star fills the press around the world as journalists compete about the newest piece of information to share with millions of people while disregarding other more important news. The continuous coverage and the diversity of the media outlet involved explain how celebrities like Michael Jackson play a key role for the industry to thrive. The news of the pop star’s death has succeeded in rendering any major political, economic or social event futile because radio stations, cable television and newspaper editors place more importance on the pop star’s death no matter how trivial it is. An article relating o the pop star’s death even read and informs: â€Å"From the eerily titled ‘Michael Jackson: The Afterlife,’ which airs locally at 8 p.m. on WNEP to a two-hour interview with Michael Jackson's mother, Katherine, on WBRE-TV at 9 p.m, multiple television specials and tributes to the ‘Thriller’ hit maker will fill the airwaves† (Brown). This overwhelming and continuous coverage reflects the fame of the artist and the demand of the public to whom it is directed. Each medium, according to its specialty deals with a form of information suited to its audience which keeps the discussion going. The coverage may discuss Jackson’s financial issues, his children, or his relationship with his family. This statement indicates: â€Å"Additionally, tabloids such as the New York Post and the New York Daily News are reporting information about the singer's family, and non-tabloids, such as The New York Times and

Human abortion Essay Example | Topics and Well Written Essays - 2000 words

Human abortion - Essay Example Recently there has been frequent talk in many states in opposition and in support of the abortion law. Abortion law some say is ethically incorrect as it takes away a life of a fetus which is growing inside a woman's womb in a sort abortion takes away a life while some say that abortion is right as they see the only way for eradicating any signs what a rape victim might hold to. The Roe Vs Wade case of 1973 is not for off from fortifying the fact that abortion is real and deadly issue which engulfs American cause of freedom. Roe v. Wade, (1973), was a landmark US supreme court case establishing that most laws against abortion violates the constitutional right to privacy, overturning all laws outlawing or restricting abortion. It is one of the most controversial decisions in U.S. Supreme Court history. The decision in Roe v. Wade prompted a decades-long national debate over whether terminating pregnancies should be legal (or more precisely, whether a state can deem the act illegal if it chooses to do so); the role of the Supreme Court in constitutional adjudication; and the role of religion in the political sphere. Roe v. Wade became one of the most politically significant Supreme Court decisions in history, reshaping national politics, dividing the nation into supporters and rival camps, and inspiring activism. Opposition to Roe comes prima... quality and personal freedom, and those who believe in the privacy of individual over collective rights, although the opposition to Roe often reference the privacy of the individual when referring to the unborn child. The case originated in Texas in March 1970 at the behest of Linda Coffee and Sarah Weddington, both young attorneys from central Texas. "Jane Roe and Richard Roe", a standard alias for anonymous plaintiffs, was used to protect Norma McCorvey's identity. After the initial lawsuit was filed, the case was expanded to include several other parties, including: James Hubert Hallford, a licensed physician who had been arrested for violations of the Texas abortion statutes; "John and Mary Doe," aliases for a married couple whose doctor had advised against pregnancy. At the time of the case, McCorvey claimed that she had become pregnant by rape. She has claimed and rescinded her support for the Supreme Court decision. During the case, Weddington kept private the fact that McCorvey had been raped. The law stated that having or trying to perform an abortion is a crime, except by "medical advice for the purpose of saving the life of the mother." The suit claimed that the laws were unconstitutionally vague and omitted the rights guaranteed to pregnant women by the First,Fourth,Fifth,Ninth, Fourteenth Amendments. In Dallas County, Texas the district attorney Henry Wade was the defendant in the case. A three-judge district court ruled for "Jane Roe", but refused to grant against the enforcement of the laws. Both "Jane Roe" and defendant Wade appealed to the Supreme Court and the case was argued there by Weddington and Texas assistant attorney general Jay Floyd on December 13, 1971. Burger proposed that the case be put over for reargument, and the justices, unimpressed

Life as a Female Slave Under the Code of Hammurabi Essay Example for Free

Life as a Female Slave Under the Code of Hammurabi Essay I am a female slave, given into slavery for 4 years by my father, he owed a debt that he could not pay. A debt for grain that he was to pay back 3 fold. The debt collector would have taken what little we had and perhaps would have made father pay with his life if Hammurabi had not made a way for my family to cancel our debt in this way. It is only for 4 years, such a long time for so little a debt, but we are fortunate to have this option. I will be provided with the basic necessities for survival. I am counted as nothing more than property, or currency, for my Master. I am not considered human. I was formerly a member of the middle class, paupers that can farm. There are only three classes in our society, the wealthy, the poor, and the slaves. Now, I am a slave for the next four years. It is very common practice, so much so that even the poor have slaves. Our most common forms of currency are grain, silver, slaves, cattle, and livestock. As you can imagine, I am not alone in my experience in slavery. Many of my peers are or have been enslaved at least once in their lives. Both my mother and father were slaves at some point. Many female slaves usually end up with their Master for many more years than the 4 required by law. After 4 years, they are no longer slaves and are often in the same class as the man they have lived with. In our society many children are products of those relationships. Until the time of slavery is up, I must work off a debt. I am not permitted to deny my Master, or I could be punished. One such punishment could involve having my ears cut off. This is not very common. Many of us understand we are here to work and that we must be submissive to avoid conflict. As I mentioned we will be allowed the basic necessities, food and water, and protection from the environment if the weather is harsh. The laws of how I live as a female and as a slave are outlined in Hammurabi’s Code. Hammurabi is a fair and just man. I feel his laws are fair and just given my position and given the alternatives that could have taken place if my father’s debt went unpaid. And to lose an ear and not a life for disobedience is more than fair. Hammurabi has provided us with options which has been beneficial for us at this time. We all know the laws. We can all read and understand them. Our officials rule by the law and laws pertain to everyone. For example, I am safe with my Master, should anyone take me from my Master- he could be put to death.. Everyone in the city knows this law and should someone see another take me from my Master, they will notify officials. The officials will investigate the matter. The person who takes me could be put to death. Few people risk this. Also, should my Master lend me out to another man and that man harm me, he would have to pay my Master fines for the damage he caused. It is very difficult for the common man to pay fines, so little harm is ever done to a slave that is on loan. Slavery here is not a social stigma. I am of the same class as the majority and speak the same language. Business and practicality are more important here than ideology, thus it is more beneficial for a Master to have strong, healthy slaves for commercial purposes. The law is clear and written out and encourages this kind of a society. Physical abuse is not very common among our people, but it is used in extreme cases. I was very surprised when studying this to discover that laws regarding slavery in the United States, while similar in many ways, were more harsh than the laws for the slaves in a more primitive environment. For example, the Code of Hammurabi stipulates that if a slave is given in trade for a debt it is for a period of 4 years. In the Unites States, the slave codes suggested that slavery was a life long event. There was no limit to the length of time a person could be a slave. I could not find many similarities, with the exception that it was not uncommon for female slaves to bear children with their Masters. In further research I found evidence that slaves in Babylonian captivity not too long after the Code of Hammurabi was implemented, owned property and were allowed to trade. Some even made more money than their Masters. So, I could not really compare and contrast the Code of Hammurabi with the Slave Codes of the Southern States, which was not only disappointing but deeply troubling. The one thing that does stand out as the most obvious similarity to something we are familiar with today is the epilogue to the Code of Hammurabi and the Preamble of the US Constitution. Both introduced a set of laws that were created to protect the people, provide a basis for justice, promote the welfare, ensure prosperity. Actually, I believe Hammurabi said it best, â€Å"That the strong might not injure the weak†.

Cloning - National Academy of Sciences and Human Cloning :: Argumentative Persuasive Topics

National Academy of Sciences: Human Cloning The National Academy of Sciences (NAS) made headlines when it issued a broadside that would, if followed by Congress, grant an open-ended license for biotech researchers to clone human life. True, the NAS recommended that Congress ban "reproductive" cloning, that is, the use of a cloned embryo to produce a born baby. But it also urged that human cloning for purposes of experimentation--often called "therapeutic" or "research" cloning--remain unimpeded by legal restrictions. Such a public policy would permit virtually unlimited human cloning--so long as all the embryos created thereby were destroyed rather than implanted in a woman's womb. The recommendation from a well-known scientific organization did not appear at this particular time by coincidence. The Senate will soon consider S. 790, legislation authored by Sam Brownback (R-KS) that would prohibit any creation of human clones--whether for research purposes or for reproduction. The House passed a virtually identical ban in a bipartisan vote last summer, and President Bush strongly supports the bill. Thus the legal future of human cloning--and the potential fortunes to be made by Big Biotech in the United States--hang in the balance in the Brownback bill. Limiting the ban on human cloning to procedures designed to lead to the birth of a baby would accomplish next to nothing. Figuring out how to clone human life successfully is going to be very difficult. Thus, early research would likely focus on perfecting techniques. Should this be successful, researchers would next attempt to maintain the resulting embryonic clone for a week to two weeks--long enough to harvest their stem cells. (The biotech company Advanced Cell Technology announced it has created human clones and maintained them to the six-cell stage(Advanced), which is not long enough for stem cells to appear.) Should the stem-cell Rubicon be crossed, implantation of the embryonic clone would then be relatively easy. Hence, the next natural (dare I use the word?) step would be the manufacture of human clones not just for research or genetic manipulation but for implantation, gestation, and birth. In any case, the morally serious question is whether human cloning is permissible-- not when those cloned should be killed once created. Much as an original oil painting can be seen only dimly beneath its patina, an agenda to eventually permit unrestricted cloning for all purposes can be discerned between the lines in the NAS report.

Shelley and the Quest for Knowledge :: Biography Biographies Essays

Shelley and the Quest for Knowledge      Ã‚  Ã‚  Ã‚   Mary Wollstonecraft Shelley, was the daughter of the radical feminist, Mary Wollstonecraft, and the political philosopher, William Godwin, and the wife of the Romantic poet, Percy Bysshe Shelley. Through these familial affiliations, she was also acquainted with Lord Byron, Samuel T. Coleridge, and other literary figures such as Charles and Mary Lamb. Surrounded by such influential literary and political figures of the Romantic Age, it is not surprising that as an adolescent, at the age of 19, she wrote Frankenstein. Though critically a failure, (British Critic,1818 and Monthly Review, 1818) the novel has never been out of print and has been translated into numerous languages. What is surprising, however, is the enormous body of knowledge contained in the novel. The novel contains references to the fields of literature, poetry, science, education, politics, history, and mythology. How did such a young girl, living a life considered morally objectionable to society and harassed by family and financial burdens, acquire such a vast amount of knowledge in all fields of study that encompassed the important issues of her day? Through examination of biographical information and Mary Shelley's journal entries, we will be able to answer this question. Following, I also plan to highlight Mary Shelley's knowledge of literature with primary emphasis on the works studied by the monster in relation to his origins as well as Mary Shelley's.    Mary Shelley was born with notoriety simply by being named Mary Wollstonecraft Godwin. Her parents were well known and somewhat suspect individuals due to their radical political beliefs and writings, such as Wollstonecraft's Vindication of the Rights of Women and Godwin's Enquiry Concerning the Nature of Political Justice. Mary Shelley's mother died from complications shortly after giving birth to Mary. The infamy of her existence was heightened by her father's subsequent publication of Memoirs of the Author of the Rights of Women. In this work, William Godwin described many aspects of Mary Wollstonecraft's existence in great detail such as; her relationship with an American and subsequent birth of an illegitimate daughter, her suicide attempts, and the fact that she was already pregnant with Mary when William Godwin married her. To our late 20th Century sensibilities we may not approve of these behaviors but we certainly don't consider then shocking or extraordinary. The above ment ioned events, however, occurred in the late 1700's and were not morally acceptable, were abhorrent to the conventions of society, and were certainly not to be discussed or published in a memoir.

A Synopsis of the Movie, Ip Man 2: Legend of the Grandmaster

Period 4 – Films Literature 8/19/20 The movie that I find the best would be Ip Man 2 Legend of the Grandmaster directed by Wilson Yip. Ip Man 2 Legend of the Grandmaster is an action packed martial arts film, this movie being a semi-biographical cinema is based on a real person in history which makes the move even more interesting and exciting. Ip Man 2 Legend of the Grandmaster not only has an action packed side but also has a heartfelt side by putting in Yip Man's tough life after world war two.This movie also has spectacular fghting scenes choreographed by Sammo Hung a renowned in the martial arts department. Y Ip Man 2 Legend of the Grandmaster demonstrates what every martial arts movie needs, action! Yip Man is a martial arts teacher which basically says that his skills surpass all. A fight scene that stood out for me was a fight that was set in a fish market. Yip went to the fish market to save a pupil of his and the rescue turned into an all-out brawl, a huge one!The br awl was on a scaled of about two to sixty and Yip showing his skills defended himself throughout the entire fght unscathed! The fight scenes show the passion and dedication that Yip had for Wing Chun. Although this being a martial arts movie you wouldn't expect much of a storyline rather than Just a brawl fest to brawl fest, but that is what separates this movie form the rest. In the first movie Yip Man was a rich man but that change after the Japanese invaded China in world war two.Now in the sequel Yip Man tries to start a martial arts class but things do not turn out right, people didn't pay when he asked and he was unaware of a rule put down by the city. So Yip Man is yet to face another tribulation and he conquers it. Also his wife is a bigger part in this movie making her role bigger by showing the relationship her and Yip have and what a big impact she has on him. This movie also shows the tribulations that the Chinese race had to deal with. TheBritish were put as the antagon ist; they abused the Chinese and used them as dogs. This harass they receive requires the Chinese to band together and get their honor back in a brawl. This fght is very honorable and inspiring because it shows that you can overcome anything together. Ip Man 2 Legend of the Grandmaster is a movie that I will always love and a movie that I will watch over and over again and I will not tire of it. It has beautiful fghting scenes and story line is very touching. This movie is my favorite movie.

Consumer Behavior Tv Advertising

Television advertisements are paid for by an organization (usually a business) to convey a message and to market or promote a specific product or service. These advertisements can range in length from a few seconds to several minutes and have been used since 1941. These advertisements usually get the prospected consumers' attention and often times persuade them to urchasing the product or service.This type of advertisement is in the form of entertainment and needs to be creative. Humor is one of the most widely used techniques in advertising around the world, with about one out of every five television ads containing humorous appeals, but do they actually get us to laugh or smile. Despite the wide array of contemporary advertising formats and media, television advertising remains the most dominant form to which typical consumers are exposed.Research on attitudes toward advertising in general (Att-AiG) implicitly assumes that the Att-AiG measure represents advertising as a whole. A ma jor finding of the current research is that consumers tend to have a mental representation, or exemplar, of the most typical type of advertising†television advertising†when they televtston advertising. To test for typicality effects on reported Att-AiG, we conducted an experiment to test that Att-AiG is closely related to attitudes toward television advertising (Att- TV, ereafter), because television advertising is activated when participants report their Att-AiG.he experiment was a one-factor-between-group design with seven groups: one control group and six experimental groups. A total of 134 undergraduate students from the same population as Study 1 participated in the experiment. Participants were randomly assigned to one of the seven conditions. Gender was balanced. Advertising and marketing students were not included in the experiment.. Each of the 33 items was tested across the 7 conditions via ANOVA and post hoc ests.

Building a Coalition Essay

PART I: Group Development At this point in time, the group is not yet even development. It almost seems as if all the individual organizations are storming because they want to make sure that each one of their opinions is heard, and they have control of the situation. No one wants to give up their own power or control. They have started off correctly as it is stated in the case that HR representatives from each organization have been selected to pick individuals from each organization that they feel will have the best impact and will be proficient leaders. The individuals chosen need to understand the stages of group development to help them get along and build a cohesive coalition. They will have to understand that the initial stage will be the forming. Here the newly formed group will test each other out. They will be able to get a feel for whom their co-workers are, what strengths and weaknesses each member has, and they will be able to develop a set of guidelines on what is acceptable behavior for the mem bers. This is when they realize that they are no longer individuals representing just their organizations but instead their own group of people representing the students, and the students’ best interests with the backing of their individual organizations. They will lead into storming, where they will butt heads over power and what steps to take first. I believe here is where the true leader of the group will come out. It will be the individual who will be able to get the storming under control, get everyone to focus on what the main goal is and will help guide the group into the norming stage. In the norming stage, the main goal will be highlighted, the scope of the project defined, and a project plan created. Goals and guidelines will be set along with milestones and progress meetings. This is where they will start feeling like a group and start feeling like the project is finally moving along, and they all know how to get to the end. This leads us into performing, where  the team moves forward with the project working together and adjusts timelines as needed, resolving issues, and getting the job done. The final step is adjourning where the project will come to a wrap. The team will have a guidebook to help train any new personal that will be coming in and to help further build what they have already started. Knowing the steps of group development, help guide team members to establish proper guidelines not only for the project but for their own person behaviors. It helps members realize their own strengths and weaknesses and how the team can build upon those to make everyone successful. It also teaches the team how to function well together, develops relationships, and help motivate each other. All this is important in keeping the group motivated and keeping a positive dynamic to the group. PART II: Problem Identification The initial problem the group will face is for power. Each organization wants to make sure that their opinions are heard, and each feels that they are the most correct and should have the most power because they have the best influence and the students’ best interests in mind. Getting everyone on a common ground will be the hardest part since it seems that everyone thinks that they are right. Egos will need to be put aside and the storming phase may be longer than anyone would really like. As I had mention, before the true leader will come out of this phase and be the one that will be able to get a handle over the group. This will be an individual that everyone will respect and be able to relate to. I do not feel that there was much that there was much that could have been previously done in essence to understanding individual membership in teams to prevent the issue of the power struggle. This seems to be an ego struggle and also a difference of opinions. Everyone feel like they know what is best for the students and want to be involved, and have their opinion heard. In this case each organization is correct in their own way. Developing a coherent plan will be the biggest struggle incorporating everyone’s opinions as much as possible and trying to please everyone at the same time will be the additional struggle. The plan will have to be easy enough to follow so that it can be implemented as quickly as possible now and slowly change as time goes on. It will be easier for students to adjust to the smaller changes over a longer  course of time, than having their worlds turned upside down all at once. Also implementing changes a little at a time will help teachers to adjust and keep up their motivation and not be burnt out too quickly as students will be less resistant to small changes. This will also help with training new staff members as they come in. Having a handbook to guide further changes will help to continue moving the project forward in further years, and keep up with the progress of changed making sure the project stays successful and is not just a quick fix. PART III: Retrospective Evaluation The primary problems will be the power struggle and diversity will also play a role in this power struggle, and who relates best to the students. Also another issue will be making sure that the individual organizations feel that they are being equally represented, and heard. Each individual has their own struggles and comes from different backgrounds, we cannot judge what we have not gone through and cannot say how it affects that individual. Each member is here because they can relate to the students in their own personal way. We will need to put our own personal issues aside for the better of the students. Again the storming phase maybe long and members learn to work together and get over their difference. Each organization will have to give up power and the group that is made up of the representatives from each organization will have to identify themselves and their own organization not 3 individuals. Picking the team members will be the most crucial. The members cannot be egotistical but should also be respected members from their individual organizations. They will have to work together to come up with a project plan that they feel is the best way to proceed forward and will have to also convince their individual organizations and the community that they are making the best decisions. The pros of developing one main group to represent all and having this group break off and be seen as their own will help develop a stronger group dynamic between these individuals. The more they feel like a group the more they will be able to convince their individual organizations that they are being equally heard and that their opinions and suggestions are being incorporated into the overall plan. There may be backlash from the organization that they are developing on their own but this will need to be done in order to establish  authority, and not have individual organizations trying to go behind the backs of the group and work on their own. The biggest issues will be with establishing authority and making sure that each organization feel that is it being equally represented and their opinions are being heard and incorporated. PART IV: Reflection Diversity is an issue that is long over do in needing to be resolved. We as American’s need to embrace that we are a culture made up of many differences. We are the mute! This school and its new program for helping these students should be a great representation of that. These students will be representing our future and they can show that when differences are put aside and people work hard to work together they can be successful. Each individual contributes something and makes up for where the others lack. Difference should be embraced because they can show us a new way of thinking, acting, or doing. We should forever be evolving. My advice to program leaders would be to set your difference aside. Let us find what our common goal is and see how we can get their together. Ask what peoples string suites are, what their weaknesses are, and even what they would like to learn from this. This gives each member a sense of ownership to the project and will help keep them motivated by giving them their own individual goal to work towards succeeding. Giving them a their own sense of ownership to the project gives them a sense of pride to the project and will help lead them.