Essay On Climate Change The WritePass Journal

Essay On Climate Change Conclusion Essay On Climate Change : 1). This is clearly evident through the establishment of green engineering and green chemistry which has been considered to be one of the most effective ways of generating a sustainable environment (Author, 2008: 607). This is because, both green engineering and green chemistry â€Å"seek to maximise efficiency and minimize health and environmental hazards throughout the chemical production process† (Mulvill et al, 2011: 271). This ensures that a sustainable environment can be maintained by controlling global warming and environmental pollution more efficiently. The Centre for Green Chemistry and Green Engineering at Yale (2012a: 1) thus seeks to â€Å"advance sustainability by catalyzing the effectiveness of the Green Chemistry and Green Engineering community.† This is achieved by advancing the science, raising awareness, catalyzing implementation and preparing the next generation. The Centre thereby supports the research and development of the science by acting as a catalyst to the green engineering and chemistry communities. Green Engineering   Write an Essay On Climate Change Green engineering seeks to minimize pollution and reduce the risks created by toxic chemicals through the â€Å"development and commercialisation of industrial processes that are economically feasible† (Centre for Green Chemistry and Green Engineering, 2012b: 1). One of the main objectives of green engineering is therefore to reduce and manage waste more economically. This is vital given the increased amount of waste that is being generated each year: â€Å"current global municipal solid waste (MSW) generation levels are approximately 1.3 billion tonnes per year and are expected to increase to approximately 2.2 billion tonnes per year by 2025† (World Bank: 2011: 8). This is a substantial amount of waste and unless the pollution that is created from this is reduced, global warming will be greatly increased. Green engineers have attempted to prevent this from happening, nonetheless, by using only low toxic chemicals. Not only does this reduce manufacturing costs, but it a lso limits chemical exposure to the environment. Risk assessment practices are also being adopted so that the environmental impacts of certain toxic chemicals can be measured and so that a determination as to which chemicals need to be eliminated or avoided can be made. Engineers also â€Å"assess feed and recycle streams based on risk and not volume within a chemical process and design greener products and processes† (US Environmental Protection Agency, 2011: 1). All of these processes evidently contribute to the development of a sustainable environment which helps to eliminate global warming. The green engineering principles, as established by Anastas and Zimmerman (2003: 94), have been welcomed by all and as asserted by Abraham (2006, 8); â€Å"the Principles of sustainable engineering provide a paradigm in which engineers can design products and services to meet social needs with minimal impact on the global ecosystem.† This is highly desirable given the concerns surrounding global warming and whilst the principles do not provide engineers with a definitive process for creating a sustainable product, they do provide them with a conceptual framework that can be followed when developing new products and services. This helps to reduce global warming and environmental pollution that is created from toxic chemicals and global markets. Conversely, it is unlikely that the current environmental problems will be completely eradicated by the use of these principles alone which is why international co-operation is imperative. It is unlikely that international co-operation w ill be maintained, however, because of the economic costs this will incur. Accordingly, â€Å"co-operation is unlikely to be sustained when each individual country calculates that if it were to defect from the agreement on its own, with others continuing to abide by the agreement, the benefits of defecting would outweigh the benefits of participation† (Bosetti and Frankel, 2011: 25). Consequently, whilst green engineering is beneficial to the global economy it is unclear whether every country is adopting its principles within the development of new products and services and because of this, global warming and environmental pollution is likely to remain. Green Chemistry   Write an Essay On Climate Change Green chemistry is a concept of chemical research which is similar to green engineering in that it encourages those designing new products and processes to minimise their use of toxic chemicals. Nevertheless, â€Å"green chemistry principles and metrics can influence the entire life cycle of a chemical from design through disposal† (Mulvill et al, 2011: 271). This allows it to minimise the risks associated with environmental hazards a lot better because of the fact that hazardous substances can be eliminated at source. This enables environmental problems to be avoided before they actually happen which is exactly what the United States 1990 Pollution Prevention Act aimed to achieve in its attempts to promote sustainability. Accordingly, the 1990 Act enhanced the focus that was being placed upon pollution prevention by making it clear that source reduction was a lot more effective in advancing sustainability pollution control and management. This is because; source reduction pre vents hazardous substances from being released into the environment at first instance, whereas pollution control and management merely seeks to control toxic chemicals after they have already been released. Green chemistry is therefore significantly important in helping to eliminate global warming and environmental pollution which is necessary in today’s society where the chemical’s industry is severely affecting the environment. Hence, there is a global demand for less reliance to be placed upon the use of fossil fuels and for the adoption of greener manufacturing processes. Green chemistry thereby helps to alleviate such reliance by assisting in the development of a low carbon economy. Sustainability   Write an Essay On Climate Change Whilst green engineering and green chemistry helps to promote sustainability, it is unlikely that global warming and environmental pollution will be completely eradicated as a result of these implementations. This is because, although its effects will be minimised; â€Å"some experts worry that they will not go far enough† (Graham-Rowe, 2005: 1). This is widely due to the difficulties associated with international co-operation since it cannot be said that all individuals and organizations will adopt the concepts of green engineering and chemistry. Hence, â€Å"there is no legal requirement on scheme operators to undertake calibration which is commonplace by international hydrometric standards† (Pillai et al, 2005: 2). In view of this, it cannot be said that the underlying concepts of green engineering and chemistry will be followed. As a result, it is important that the issues surrounding global warming and environmental pollution are addressed more appropriately so tha t the global economy can be sufficiently protected. This is important not only for present generations but also for future generations because as noted by Bell and McGillivray (2008: 55); â€Å"sustainable development meets the needs of the present without comprising the ability of future generations.† Consequently, unless the environment is kept as naturally as possible through the prevention of pollution, future generations will suffer and sustainability will not be maintained. Further regulation of this area is needed so that the concepts aimed at helping the environment are upheld. This is because, it cannot be determined at present whether the green concepts are being adhered to and unless individuals fully co-operate, individuals and organizations will continue to damage the environment. Essentially, the uses of toxic chemicals are major causes for concern and unless the environment is managed more effectively, pollution will continue to ensue. More stringent regulatory practices could be implemented so that the use of toxic chemicals is minimized by adopting the concepts of green engineering and green chemistry. A sustainable environment would be created if this were to take effect because as put forward by Lancaster (2010: 304): â€Å"The chemical industry is a key solution provider on the road to sustainability.† He went on to further add that: â€Å"An independent study has shown that, on average, for every tonne of greenhouse gas emitted during chemical production three tones are saved by society by using products of the chemical industry† (Lancaster, 2010: 304-305). This clearly highlights the advantages the chemical industry can bring to the environment and illustrates that green engineering and green chemistry do help alleviate global warming and environmental pollution. The impacts of the chemical industry would, nevertheless, be greater if more efficient regulation was in place which signifies the need for change within this area. Conclusion Overall, global warming and environmental pollution caused from toxic chemicals has been extremely concerning in recent years. This is because, unless the problems associated with the environment are addressed, a sustainable environment will not be maintained. This will not only affect the present generation but it will also affect future generations. Because of this, it is vital that something is done to ensure that less toxic products are used when developing new products. Green engineering and green chemistry has proven to be one of the most effective ways of generating a sustainable environment and therefore needs to be adopted by all. It is likely that international co-operation would prove difficult, yet international standards could be implemented which ensure that the concepts created by the green industry are conformed to. This would enable waste to be reduced and managed more effectively and sustainability would be created. Consequently, unless applicable changes are made t o this area, global warming and environmental pollution will become a bigger problem. As such, it is imperative that the solutions provided for by the chemical industry are followed by all because as was recognised, the chemical industry is a key solution to achieving sustainability. References Abraham, M. A. (2006). Sustainability Science and Engineering: Defining Principles, Elsevier. Anastas, P. T. and Zimmeran, J. B. (2003). Design through the Twelve Principles of Green Engineering, Environmental Science and Technology Journal, Issue 5, Volume 37. Author, A. (2008). Fusing Green Chemistry and Green Engineering: DesignBuild at the Molecular Level, Green Chemistry Journal, Issue 6, Volume 10. Bell, S. and McGillivray, D. (2008), Environmental Law, 7th edition, Oxford University Press. Bosetti, V. and Frankel, J. (2011). Sustainable Co-operation in Global Climate Policy: Specific Formulas and Emission Targets to Build on Copenhagen and Cancun, United Nations Development Programme, Human Development Reports, Research Paper 2011/07. Centre for Green Chemistry Green Engineering at Yale. (2012a). About the Centre, [Online] Available: http://greenchemistry.yale.edu/about-the-center [06 December 2012]. Centre for Green Chemistry Green Engineering at Yale. (2012b). Green Chemistry and Green Engineering Defines, [Online] Available: http://greenchemistry.yale.edu/green-chemistry-green-engineering-defined [06 December 2012]. Graham-Rowe, G. (2005). Hydroelectric Power’s Dirty Secret Revealed, New Scientist, [Online] Available: newscientist.com/article/dn7046-hydroelectric-powers-dirty-secret-revealed.html [06 December 2012]. Lancaster, M. (2010). Green Chemistry: An Introductory Text, 2nd Edition, Royal Society of Chemistry. Mulville, M. J. Beach, E. S. Zimmerman, J. B. and Anastas, P. T. (2011). Green Chemistry and Green Engineering: A Framework for Sustainable Technology Development, Annual Review of Environment and Resources, Volume 36. National Instruments (NI). (2012). Green Engineering – Improving the Environment and the Bottom Line, NI Developer Zone, [Online] Available: ni.com/white-paper/7257/en [05 December 2012]. Pillai, A. Reid, C. T. and Black, A. R. (2005) Reconciling Renewable Energy and the Local Impacts of Hydro-Electric Development, Environmental Law Review, Issue 2, Volume 7. ThinkQuest. (2002), Global Warming, Oracle Education Foundation, [Online] Available: http://library.thinkquest.org/CR0215471/global_warming.htm [05 December 2012]. US Environmental Protection Agency. (2011). What is Green Engineering, Green Engineering, [Online] Available: epa.gov/oppt/greenengineering/pubs/whats_ge.html [06 December 2012]. World Bank. (2011). Waste Generation, Urban Development Series – Knowledge Papers, [Online] Available: siteresources.worldbank.org//Resources/336387/Chap3.pdf [06 December 2012]. Looking for someone to modify this Essay? Contact WritePass today.

Space Shuttles Flight Path Essay Example | Topics and Well Written Essays - 1500 words

Space Shuttles Flight Path - Essay Example In an approximately a two minute time interval, the two boosters are spent and are separated from the external tank. Once spent, they fall into the ocean at predetermined points and are recovered for reuse. After about eight minutes firing of the engines shuts down, and the craft is injected into orbit. At this time, the external tank is then separated from the orbiter, and is sent into a ballistic trajectory in a designated, yet remote area of the ocean, and is not intended for recuperation. The engine system is constituted of thirty eight primary Reaction Control System (RCS) engines and six vernier RCS engines. RCS are used for maneuvering leverage. Reaction control system release of the engines is done in sequential separation from the orbiter. Initiation of the Orbital Maneuvering System (OMS) engines fires the orbiter into orbit. OMS are used to increase velocity on the orbiter's maneuvers. Two OMS execute the orbiter into orbit, while only one thrust sequence is utilized for deorbit. Velocity is attained at approximately 25, 405 feet per second (17,322 statute miles per hour). Deorbit requires a decrease of velocity at about 300 fps (205 mph) for reentry. In the initial entry sequence, the RCS engines control the attitude (i.e. pitch, roll and yaw) of the orbiter, as aerodynamic pressure builds toward activation of the primary reaction control system engine inhibitors. High temperatures induced by entry, are mitigated by a reusable thermal protection system over the entire orbiter. Once unpowered, the orbiter glides to Earth and lands with aviation instrumentation with nominal touchdown at 186 to 196 knots of speed (i.e. 213 to 213 to 225 miles per hour. Risk assessment and cost mitigation management planning in the space community is prefaced by the prediction that satellites have disasters of their own. On February 24, 2009, orbit of the OCO satellite failed as it was being carried into space when the Taurus rocket carrying the craft detached and crashed into the sea near Antarctica. Initial launch of the Observatory was followed by reschedule of the project. In terms of statistical significance probabilistic risk projections of satellite failure and especially satellite collisions are almost impossible to predict. In consideration of the primary differences between accident risk and other types of risk such as public health mitigation of toxicological risk are located in: 1) the derivative of hazard utility to cost; 2) and longitudinal repercussions of consequences of risk. Accidents, while potentially easier to evaluate and hence, mitigate according to engineering systems analysis, may include environmental disasters unknown or statistically insignificant (i.e. outer space satellite collisions). Costs may be high due to level of technological process included in such systemic models of risk accountability, but potential for adherence to regulatory expectation is high in professional settings where scientific analysis and expert operation of technological endeavors eliminates random human errors by laypersons. Here the garbage in and garbage out scenario works best, as garbage can be understood and controlled through incorporation of monitoring into mitigation strategies. A schematic showing the arrangement of the valves in the main propulsion system of Mars Observer (Harland, 2005). The development of universal Safety and Hazard Analysis sources by NASA and their impact on manufacturing

Response Essay Example | Topics and Well Written Essays - 500 words - 7

Response - Essay Example However, a society can be racist even if only a very small number (or even none!) of its members hold racist beliefs. Racism in a society gets often influenced by ignorance, legal system, family settings, economic scramble, among other factors. When a society where by a small number of its members exists, there stands a danger of infection of the small group to infect the larger non racist group. The racist group of people may also bring up their children under the racism grounds hence transmitting the social problem to their generations to come. If the racist group practices racism against their no racist counterparts, they may induce or stimulate counter racism in return. This may worsen or amplify the racism situation in the society (Shah). On the other hand, in a situation where no racist individuals exist in a society (which many scholars believe is hard), new emergences may arise due to various reasons. The first and the most obvious are the emergence of new racist members in the society. In his article, Shar argues that social settings are dynamic and liable to continuous change forever (Shah). These changes get influenced by the arrival of new members as one of the factors. The devastating thing is that this ethical society cannot stop people from coming to their society. Social grouping of one or particular group without considering racial participation equality may induce racism. Starting up a social group of a particular race may not even start up racism believes among them toward other races, but also induce the same believes among the other group that stands not included in this racial group (Shah). Therefore, a careful consideration should be taken when making social groups, institutions and employment to make sure that racial equality stands fair. Some government policies may also be effective in curbing racism while others promote it. The old Immigration Law in the US and apartheid system in South Africa, have promoted

Opportunity Assessment Essay Example for Free

Opportunity Assessment Essay Explain the purpose and value of a business plan to a new or existing business. There is a whole host of reasons to justify the preparation of a business plan, not just for business start-up enterprises, but as a model of good practice for established organizations. First, the process of producing a business plan acts as a very efficient method of focusing the ideas of entrepreneurs in terms of defining their objectives and assessing their own abilities to organize and run the business. A business plan also acts as a means of testing the viability of the business proposal before actually committing its proposers to any substantial expenditure or investment. As there are relatively few entrepreneurs who have the resources to be totally self-financing, most are faced at some point in time with the need to raise external finance. The possession of a business plan is crucial to the business’ future; an appointment with the financier or bank manager who is a potential investor or source of loan to discuss a proposal is a bit like an audition in a Hollywood film – if they blow their lines, they blow their chances, or at least, they reduce their prospects of getting the part they want. Written business plans are essential to guide bankers, lenders or investors in understanding and monitoring the financial strength of the business entity. So the most important thing is to prepare the plan thoroughly and to present it in a professional and competent manner. The elements of a business plan is primarily for the benefit of the lending institution and should not be confused with the strategic or detailed operating plans the business may use for internal management purposes. The kind of business plan any banker, lender or investor looks for should provide broad-based financial and organizational information. It should be made available upon submission of the initial credit request and updated periodically thereafter. Financial statements, together with management’s analysis of financial performance, for the past three-year period are especially essential. In addition, the banker, lender or investor will want to see financial performance projections for the coming two or three years. Define the term `micro business` and outline the contribution micro business make to the Australian economy. The term micro business tends to better describe the smallest niche within the small business world. A micro business is, in general, fewer than ten people and includes some unique needs to that space. It typically requires less than US$15,000 in start-up capital, which means that it does not have access to the commercial banking sector because initial loan needs are usually less than US$15,000. In most micro-enterprises, the owner is the sole operator and worker. The capital needs of micro-businesses are too small to be of interest to formal financial markets, yet too large to be covered by the personal means of business starters particularly if they come out of precarious situations. In more cases than not, micro business owners mix personal expenses with business expenses, clouding the company’s functional cost relationships and making ratio analysis very difficult. Typical micro business operators only keep cash records during the year. They present a shoe-box of records to their accountants at year end. They only use their accountant to generate a tax return and set of accounts, which might be received six months after the year end. Market niches tend to be defined geographically. Typically, competitive businesses turn over very rapidly, with frequent new entrants to the market, many ownership changes, and a high percentage of bankruptcies and liquidations. Micro business is a key niche to keep in mind in today’s economy and a field that is quickly starting to gain enterprise attention. The economic significance of micro-businesses to the economy of Australia as well as to the global economy is highly acknowledged. This is for the reason that the involvement that micro-businesses create for both employment and the income it produces. Micro-businesses put in $20,193 million to the Australian industry’s GNP and provide work for more than 1/3 of micro-business workers (Khosrowpour 525). Briefly explain the role market research plays in the evaluation of a business opportunity. An entrepreneur must make a commitment to pursuing a business opportunity long before the outcome of that decision is known. How can he know whether the opportunities he is pursuing have a perfect fit with the marketplace, need to be expedited on a rush basis, and are the right decisions to go ahead with? Market research is the answer. Market research is the compilation and examination of any trustworthy information that improves managerial decisions. An entrepreneur needs to do market research to identify and assess an opportunity. Intuition, personal expertise, and passion can take businessmen only so far. Both traditional and nontraditional marketing research can be used to assess opportunity. Research is vital in strategic evaluation if new ideas for diversifying the business are evaluated or tested out. A company entering a new market with a new product is unlikely to know much about that market, and is going to be dependent on good information for decision making for developing sales of the new product and services. The research is likely to reduce the uncertainty about pursuing the diversification opportunity, and to help managers to plan, based on known and defined customer needs. In all practical terms, the application of market research to identify problems and opportunities and to evaluate programs of activity is as important as in other areas of marketing communications. It is the methodical and objective recognition, compilation, study and distribution of information for the intention of supporting business decision-making activities connected to the detection and resolution of business troubles and prospects. Certainly market research plays an important role in business decision making, but ultimate success in markets is determined by many other factors, not least the commitment of the team, the size and mix of marketing budget, and the ability to react to unforeseen problems. Briefly describe the process by which the total cost price of a product or service is established. Pricing, as a process, can simply be defined as setting or adjusting a price charged to a customer in exchange for a good or service. The need for correct pricing decisions has become even more important as global competition has become more intense. Organizations that have been successful in making profitable pricing decisions have been able to raise prices successfully or reduce prices without competitive retaliation. Pricing policy cannot be established in a vacuum. The selling price of the product or service should be consistent with the entrepreneur’s marketing goals, the image he or she is attempting to project, and the perceptions and expectations of the target market. Also, the pricing decision must be viewed as in interactive process in that there is a strong need for cross-functional interaction. It should be clear that effective pricing decisions involve considerations of many factors, and no single model will fit all pricing decisions. While all pricing decisions cannot be made strictly on the general model to be presented in the next paragraph, it does break pricing strategy into a set of manageable stages that are integrated into the overall marketing strategy. Given a product or service designed for a specific target market, the pricing process begins with a clear statement of the pricing objectives. These objectives guide the pricing strategy and should be designed to support the overall marketing strategy. The evaluation of the relationship of product or service to pricing with respect to the distinctiveness, perishability and stage of the life cycle a product/service is in all affect pricing. In addition, marketers need to consider what value the product/service has for customers and how price will influence product/service positioning. The other components of the marketing mix need to be also examined in relation to the pricing component, in order to arrive at a total price. Although the main basis should be the product or service cost, marketers should combine various criteria in setting prices rather than considering only the costs. What is the difference between a projected Profit and Loss Statement and a Projected Cash Flow? Why do you need both? There are several distinctions between projected cash flow and projected profit and loss statement. Although both are only estimates, one difference is that the projected cash flow statement will record budgeted cash receipts from customers, while the projected income statement will show forecast revenue for the period. Further, the projected cash flow statement will record budgeted cash payments to suppliers, while the projected income statement will show forecast of sales, which will reflect opening inventory, plus purchases, less closing inventory. Furthermore, the projected cash flow statement shows the budgeted cash payments for the expenses such as wages, electricity and rates while the projected income statement will record the expenditure expected to be consumed in the period, reflecting any accounts or prepayments. Lastly, the projected cash flow will reflect the cost of purchasing a non-current asset at the expected date of purchase and the proceeds at the date of sale, while the projected income statement will record a depreciation charge for the consumption of the asset and a profit or loss on disposal. The business needs both of these projected statements because they are important tools of financial analysis. Projected cash flow statement, for instance, is a point of comparison for actual cash flow statement so that the firm can find out the variation and take necessary remedial measures. It also helps in overcoming the problem of meeting deficit cash or investment of surplus cash because projected cash flow is usually prepared on the basis of the past year’s experience. Using the cash flow forecast enhances the business’ versatility and allows it to adjust its planning horizon as the business grows. A projected income statement is likewise an invaluable tool. It will help the business estimate its approximate income and expenses in the short term, from months to a few years. It will give a gauge to judge the financial progress of the company. Outline the legal avenues available to an individual to protect intellectual property. Even though it is an intangible term for a theoretical concept, intellectual property is nevertheless completely well-known to practically everybody. While the underpinnings of material property rights are clear, those of intellectual property rights appear clouded. Intellectual property rights have seen perceptible, indeed substantial extensions in the last decade alone. Copyrights, service marks, trademarks and patents are all types of intellectual property, and are avenues for individuals in the United States to protect their intellectual property. The examination of intellectual property law is significant since intellectual property is captivating an escalating implication worldwide. Copyright and trademarks are directly related to the Web, patents less so except if the thing being patented is a new type of technology that affects how the Web is actually used. Trademarks and service marks are used to protect logos, unique elements, phrases, services and official names that have sufficient distinctive character by which the government recognizes the concept as being unique and wholly owned by the individual. At common law, the individual who utilized a symbol or mark to classify a company or manufactured good was sheltered in the employment of the trademark. Service marks protect services rather than products, which is its main difference with trademark, in where the later protects products. Copyright protects everything that goes into a website or in print. It provides the inventor of a work the right to the restricted utilization of that said work for a certain time. Copyright infringement is all too common, often resulting in lawsuits in which individuals receive handsome compensation for having their work ripped off. A patent is a government endowment that bestows an inventor the private right to produce, utilize and put up for sale the invention for a time of twenty years since the time of filing a request for a patent. If a firm produces, utilize and put up for sale a patented blueprint, produce or procedure without the consent of the owner of the patent, it is obligated with the tort of patent infringement. What are the main advantages of operating your business as a company rather than as a sole trader or partnership? Are there any disadvantages? The primary advantage of operating the business as a corporation is protection against liability. The corporation can protect one’s personal assets in the event of a judgment against the business. This is because the corporation’s assets (cash, real estate, securities, accounts payable, etc. ) do not include one’s personal property and assets such as car, house, bank account, and other personal property. One’s personal property is considered separate from the property and assets of the corporation. A second advantage over sole proprietorship or partnership is organization and efficiency. No matter what form the business takes, keeping one’s personal and business finances and assets separate is crucial to the survival of the business. If one’s business and personal finances are intertwined, it will prove difficult and eventually impossible to sort them out to the satisfaction of say, banks and other financial institutions where one may be applying for business loans. A third advantage is savings. There are myriad instances where, as a corporation, one may be able to save on business costs – savings that might otherwise be unavailable to one as a sole proprietor or partnership business. For instance, business equipment amortization IRS allowance and schedules are generally more favorable for corporations than for individuals and partners. Also, financial institutions tend t give more favorable credit and lending rates to corporations as opposed to individuals and partners. The primary disadvantages, on the other hand, are the record-keeping that is required and the fact that corporations are subject to double taxation – the corporation pays taxes on its profits, and if one receives some of those profits as dividends, he/she will be taxed, too. Moreover, the business has to maintain minimal corporate formalities that will take some time and effort, including government regulation of the creation of the corporation, issuance of stock and operations of the organization. The lack of management skills is the cause of 92% of business failure. Does a successful business operator have to be expert or competent in all facets of business management? Long ago in business literature, experts have researched the role of the entrepreneur in firm failure. Managerial deficiencies, inexperience, and inefficiency are consistent themes in the literature explaining business failure. Researchers found that many firm characteristics – particularly decision-based ones – were directly related to the entrepreneurial characteristics. These included lack of insight, inflexibility, and emphasis on technical skills. Additionally, managerial deficiencies and the financial shortcomings of the entrepreneur also contributed to failure. Other researchers have further found support for the case that lack of management expertise along with financial matters was the most common causes of business failure. Some of these researchers pointed to poor management skills as the most frequently identified common theme in business failure. The significance that is placed on management deficiencies as a cause has therefore warranted a closer examination of the specific areas where these deficiencies are greatest. Although this is the case, it is often unfeasible for a business operator to be an expert on all facets of business management. This is the role of consultants; experts that business owners hire too assist in the facilitation of business management processes. The business operator may not possess the expert comprehension of the specialist (such as technology specialist) but it is the business operator who is familiar with the worth and the prospect of expert knowledge. Thus the management expert has specialized knowledge and the business operator has knowledge breadth and it is through the organization that the two kinds of knowledge are united to create wealth. The proven formula for success involves leveraging limited human and financial resources. For example, most business operators lack at least one critical management function, such as a controller or a sales manager. An outside accounting firm, a part-time employee, a channel partner, or a retired person could perform these functions. You have been approached by a person who has identified a business opportunity and who needs some assistance to evaluate it. Outline the advice you would give to such a person? An opportunity is not just an idea. A business opportunity must grow an idea with the potential to develop with the enterprise that has a reasonable chance to succeed. This means that all of the pieces of the puzzle must come together, and in the right order. There should first be the evaluation of external and internal factors that may influence the potential of the business opportunity. External analysis should consider both the general environment, and big picture, and the industry setting in which the venture might do business. Identifying potential affecters in the external environment is definitely worth the effort, but business concepts make sense only if they fit well with the internal potentials of the business. In other words, the entrepreneur’s understanding of potential business opportunities should be combined with insights into what the entrepreneur is able to do. With respect to the chosen sector/industry, learners need to know how to perform a systematic search for new business opportunities as well as how to analyze and evaluate them. There are many different tools identifying opportunities to determine ideas that are worthy of further development, like Drucker’s Seven Sources of Innovative Opportunity, Boston Consulting Group Matrix, GE Planning Grid, 7-S Model and Competitive Strength vs. Market Attractiveness Model. Assessment can be more ‘real world’ if the task of evaluation relates to an idea, plan or proposal with which an individual can identify personally. Determining whether an opportunity is possibly right for a company is not the same as deciding to enter a business, nor is evaluating an opportunity the same as evaluating a business plan. Grabbing a business opportunity is appropriate only after it has been determined that the opportunity itself is both valid and right for the company and the company has a business strategy and plan to which it is prepared to commit. Once a business has become established, it requires sound management systems to operate efficiently. Describe the system you would put in place to operate and control a small business. If the strategic objectives of the business are to be successfully implemented, then first, it is critical to identify the systems that will need to be in place in order to achieve them. The key management systems will typically be those that actively contribute towards the primary goals or profitability of the business. This includes the production functions that manufacture goods for sale and the sales and marketing that sell those goods to the customers. This is all about having the right resources in place to achieve the desired objectives of the business. Without these key systems in place, the strategic development of the business will not work, which is precisely why they must be right before anything can be started. The second stage is to ensure that the support systems are in place. These are the functions that enable the key systems to operate smoothly, such as the purchasing, stores, administration and distribution functions, not forgetting the management systems to organize and coordinate these. The third stage is to ensure that adequate monitoring and control systems are in place both to monitor the expansion of old or the implementation of new systems, and to monitor the efficacy of the whole strategic process and its component parts. In order to implement both the key systems and support systems, it will be necessary to produce an action plan which identifies the critical dates by which each one of these systems must be in place. The action plan should be regarded as a means to an end, as opposed to something that, once set, cannot be changed. Although it sets the guidelines and targets for the process, it must be flexible enough to account for, and respond to, any factors that are beyond the control of the process. The planning procedures must be, like the workings of each of the systems, subject to the same planning and review cycle if they are to function efficiently.

Hayeks Contribution to the Business Cycle Essay examples -- essays pap

Hayeks Contribution to the Business Cycle Friedirch August von Hayek was born in Vienna on May 8, 1899 and died on March 23, 1992, in the city of Freiburg in Breisgan in Germany. Hayek was a central figure in 20th-century economics and he represented the Austrian tradition. After Hayek served military service, he became a student at the University of Vienna where he got his doctorate in law and political science. In 1923-4, Hayek visited New York and then returned to Vienna where he continued his work. Hayek became the first director of the Austrian Institute for Business Cycle Research in 1927. He also gave some lectures in England at the London School of Economics in 1931. In England, he participated in such debates as monetary, capital, and business-cycle theories during the 1930s. Hayeks' contributions were very important. To describe, business cycles, one has to examine the historical record of a nation's overall economic performance. "It is a pattern of long-term growth marked by alternations of expansion and contradiction. These recurrent alternations above and below the long-term trend are business cycles" (Outhwaite, 55). The term "economic fluctuations" is used to describe the same phenomena. Economists have distinguished many cause of the business cycle. There are some factors outside the economic system and those within it. Outside causes such as war and major inventions are referred to exogenous factors. Whereas "endogenous factors belong to the internal working of the economy itself and its tendency to fluctuate over extended periods" (Outhwaite, 56). Before World War II, the emphasis was put on endogenous factors, and thus theories such as monetary; overinvestment; underconsumption; psychological were more important than others. In general, all cycle theories involve some kind of cost maladjustment. F. A. Hayek was one of the many economists who, indeed, explained overinvestment theory in a monetary sense. Overinvestment theory is related to the overproduction-type theories. Those theories include consumer goods, capital goods, or investment of money or credit. "They may stress fixed capital against circulating or liquid capital" (Haney, 667). However, the overinvestment theory assigned a crucial role to the acceleration principle, according to which "a mere decline in the rate of increase in business sales could gi... ... Butler, Eamonn. Hayek: His Contribution to the Political and Economic Thought of Our Time. USA: Universe Books, 1985. 8-10. Colonna, M., Hagemann, H., and Hamouda, O. Economics of F.A. Hayek. (Vol.2, pp xii- xiii). Edward Eglar Publishing Limited. England. 1994. Haney, Lewis H. History of Economic Thought. New York: The Macmillan Company, 1949. 667-84. O'Driscoll, Gerald P., Jr. Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek. Kansas City: Sheed Andrews and Mcmeel, Inc. 1977. 9-11. Outhwaite, William and Tom Bottomore. The Blackwell Dictionary of Twentieth- Century Social Thought. Oxford: Blackwell Publishers, 1993. 55-57. Palgrave, Robert Harry Inglis. "Friedrich August von Hayek". The New Palgrave: A Dictionary of Economics. (Vol. 2, pp. 609-10). The Macmillan Press Limited. USA. C 1987. Palgrave, Robert Harry Inglis. "Ricardo-Hayek effect". The New Palgrave: A Dictionary of Economics. (Vol. 4, pp. 198-99). The Macmillan Press Limited. USA. C 1987. Spiegel, Henry. The Growth of Economic Thought. New Jersey: Prentice-Hall, Inc., 1971. 543-44. Tomlinson, Jim. Hayek and the Market. London: Pluto Press. 1990. 5-6.

Labeled behavior Essay

After his release from Wiltwyck, Butch lived with his dad in a run-down tenement in the Bronx. Butch admired his father for his criminal exploits and his time imprison. Butch’s dad got drunk a lot and beat on Butch. Life degenerated into a nightmare and a series of tragedies for Butch. Rather than continue to live being beaten, Butch robbed a taxi driver at knife point and turned himself in to the police. The robbery was also part of his dream to become a real criminal. It was as if going to prison was the only future he could envision. Butch imploded from all the terrible forces within him, including his shattered home life and the terror of living by the code of the street. He became violently angry without provocation and acted as if he were mentally retarded. He claimed to hear voices and tried to choke another boy. Butch was sent to Bellevue Hospital for evaluation. The psychiatrist evaluating him found him seething with anger and ready to explode at any moment. Butch was also lonely and needed someone to love. Nevertheless, he was capable of explosive, homicidal behavior. He was labeled as having childhood schizophrenia, which psychiatrists at the time assigned to anyone hallucinating or claiming to hear voices. At age 14, Butch was sent to Rockland State Hospital. Butch became calmer there when he was removed from his parents’ troubles. A social worker discovered that his mother Marie was a prostitute and his father James, an alcoholic, was in the advanced stages of syphilis. The author speculates that congenital syphilis may have contributed to the family’s troubles. The psychiatrists at Rockland State Hospital diagnosed Butch as having childhood antisocial behavior marked by irritability, inattentiveness, and impulsivity. In adults, the syndrome is known as psychopathy or antisocial personality disorder. Discussion: (1) Heredity Study — For the first time a family history of congenital syphilis is noticed. The disease attacks the brain. Personality changes are another symptom. There is no way to know whether or not Butch was suffering from congenital or contracted syphilis and its effects without blood tests on him and the other family members. From the family history, this is a distinct possibility even back to slavery days. (2) Differential Opportunity Theory — People deprived of their basic needs such as food, water, shelter, safety, love, and self esteem will seek them any way they can get them. They may give up on their educational goals or not know about them. They fight because they know no other means of resolving conflict. After being beaten by his alcoholic father, Butch turned to crime to return to prison, a place where he would be safe, because he did not know how to escape legally. This theory fails to explain why other people in the same situation escape to live with other family members or turn to friends or some other source of safety other than commit a crime in order to return to prison. (3) Crime and Labeling Theory – Butch’s grandmother Frances has repeatedly told him he has the devil in him, like his father did. She really believed this. He is labeled at the Children’s Center when he begins to hear voices and hallucinate. He is sent to Wiltwyck, which is a residential treatment center for emotionally disturbed boys, and he is given that label. He is labeled as paranoid, aggressive, and prone to violence. Once these labels are attached by professional diagnosticians, it is difficult to remove them. The labels themselves cannot explain Butch’s actions or why he hears voices and hallucinates. The labels describe what Butch says is happening. Example of Behavior #3: Butch tries to sell 150 pornographic pictures and their negatives to Dave Hurwitz in his pawnshop, called â€Å"Dave’s Tailor Shop†, in Milwaukee. Butch stole the pictures from his employer, the Evans Color Lab, which saw no reason to report the crime. Hurwitz told Butch to come back tomorrow, and he would pay him $50 for the pictures. The next morning, Butch confronts Dave, who denies all knowledge of the pictures. Butch sees his photos behind the case register and reaches around to reclaim them. Hurwitz starts pushing him out of the shop. Everything in Butch’s life comes together. Here is a man calling him a liar, trying to hustle HIM, and insulting him. Since he was a boy, he had learned that disrespect was the worst thing a man could do to you. He had been taught to use physical violence to meat that threat. The thought running through Butch’s mind was, â€Å"He is disrespecting me. † Butch goes wild with rage and grabs the long hunting knife from the sheath on his back. He stabs Hurwitz six times and a customer, William Locke, six times before he leaves, almost running over a witness at the door. Butch turns himself in, confesses to the police, never requests a lawyer, and receives life in prison, returning to the only safe place he knows. Discussion: (1) Heredity Study – We do not know if Butch’s genetics predisposed him to crime. There are no blood studies confirming the hereditary syphilis. There are many people with genetic abnormalities who do not become criminal. It is obvious that Butch has now learned he is safe in prison, and that the security there fits his needs. If genetics were involved, Butch’s male ancestors should exhibit the same behavior. The theory is not testable here. There is no way to ask Butch why he feels this way. It also does not explain his uncontrollable rage when the pawnbroker tries to avoid paying him. (2) Differential Opportunity Theory – Butch has access both to a job and to illegal means of making a living. He stole from his employer and continued his life of crime despite the better example and the trade he learned. Not all people with a trade and a job take advantage of their employers, even if their family male role models are criminals. (3) Crime and Labeling Theory – By now, Butch has been labeled by professionals as a young sociopath. This describes behavior but cannot stop it or predict it. This is a circular path. A person who is labeled as a sociopath will behave as one and the label will be confirmed. Sometimes no other reasons are sought for criminal behavior. The adult Butch has received no therapy or other treatment for any of his labeled behavior.

chaplaincy from its infancy in 27BC until 1600 AD and the...

The Protestant Reformation partook so much of past and future theology that it may best be viewed as a transition between the medieval and modern periods in church history. As such, it was a significant break with the past. One of the most remarkable aspects of the Reformation’s break with the past was its emphasis upon the Scriptures as the sole source of authority and rule of faith in the believer’s life. This was a radical departure from the medieval attitude that tradition, as well as the Scriptures, as interpreted and promulgated by the Roman Catholic hierarchy is the rule of life. Although the early Reformation leaders did not fully appreciate or apply the implications of their principles, the effect of their movement was to unfetter†¦show more content†¦They were predictable, to a degree. Nature seemed to be edging God off his throne. A remarkable instance of men’s reaction to new and threatening scientific discoveries was Galileo’s enforce d abjuration of his heliocentric theory. Medieval thought had tied man’s importance to the belief that the earth was the center of the universe. New scientific discoveries not only enhanced man’s comfort in life but also his appreciation of human potential and reason. It was becoming increasingly evident that it was to man’s benefit to reason and understand. With this realization came the need to determine the proper place of human reasoning in man’s life. The philosophies of the early post-Reformation period dealt with this issue—how to relate and balance faith and reason. Gone was the blind, unquestioning faith of the medieval period. Men were now free to doubt and deny. Those who believed in Christ and His claims found themselves increasingly shifting to a defensive stance and trying to accommodate human reason. II. Deism Perhaps the strongest and most prominent attack upon orthodox religion from the philosophical community of this period was Deism. Deism took a variety of forms, some moderate and some extreme. Most Deists were theists and some even believed in continuing divine providence, while others approached atheism, to say the least. Deism’s greatest impact was in the place it gave to human reason in religion as