Wednesday, August 26, 2020

Knowledge Intensive Service Activities †Free Samples to Students

Question: Talk about the Knowledge Intensive Service Activities. Answer: Presentation: Australian IT advertise is growing gradually. It is an immense nation with low populace quality; henceforth aptitude deficiency in any area is normal. Dissimilar to nations like US, Japan and even India who are known for offering IT bolster both from re-appropriated operational administrations or from central command, Australias programming division is generally new and gradually overhauling. In this writing audit on IT industry in Australia, the specialist directs an exact investigation by gathering optional information from a few sources, for example, recently distributed books, diaries, research articles on the particular point (Bernstein and Yuhas, 2002). Subsequent to concentrating from these insightful sources a basic comprehension of the situation has been introduced underneath that investigates different features of IT industry in Australia, for example, the development, related issues and difficulties looked by the product segment. The Australian IT division is for the most part not contrasted and driving programming improvement nations like US, Japan, Phillippines and India. In the wake of leading a careful examination available state of Australia it is apparent that Australia is a major nation with an exceptionally little populace and subsequently there lies solid rivalry for IT occupations. A few people have relocated in the desire for acquiring cash and appreciate better day to day environments. Most definitely, a candidate is relied upon to have area skill and intensive information (Crawford et al. 2013). IT is a particular division that needs explicit expertise and information. From the ordered data on IT area, as indicated by the reports distributed by the Government in Australian Industry Report 2016, huge organizations by and large re-appropriate the principle programming advancement work. Since companys requests talented staff with space based information, for instance, banking industry requests IT au thorities with banking information and experience. In this manner regardless of whether an individual has ten years of involvement with taking care of programming advancement in Project Management, the individual is commonly distinguished as inadmissible in the financial business (OECD KISA venture, 2010). To the extent the development and issues of the Australian IT industry is concerned, it is clear from the report distributed by Spencer (2017), that the IT part of Australia will encounter tremendous expertise deficiency in an additional five years. The specialist has directed a review and gathered information from respondents chose from IT segment. A relative report on information gathered in 2011 and 2014 has been assessed by the specialist and supported that in 2014 respondents in IT area younger than 30 was just 6% in contrast with the study information gathered in 2011 where it indicated that 18% workers in the office were beneath 30 years old. The graph underneath unmistakably shows a lofty decay of 66% in only three years. It has been additionally called attention to by financial experts and industry investigators in Australia that organizations or market pioneers like Microsoft, Google and HP by and large run key programming focused activities in different nations and have set up an alternate activity in the separate locale and they for the most part have distinctive recruiting prerequisites (Di Tullio and Bahli, 2013). IT is Australia by and large spotlights on, Property and business administrations Government organization just as guard Account and protection area Correspondence administrations Assembling As indicated by Ehrig et al. (2007), the Australian economy is on the move. Larger part of populace is utilized in the administration business. Social administrations and Distribution administrations are fundamentally known for offering stable job. In different enterprises like Agriculture, Forestry and Fishing work is offered dependent on contract. Examination on advancement in the Australian area has underlined on investigating examples of creative movement inside a monetary condition. OECD KISA venture (2010), according to this report the product segment assumes a significant job in the Australian economy. Inside the area, there is a lot of creation in programming advancement and last items are offered to buyers both at the local and global market. The product has developed as a contribution to the creation of programming. As indicated by the information distributed by the Australian Bureau of Statistics (ABS) data innovation advancement has gotten coordinated into every single driving region in the financial turn of events. Data and Communication Technology: Australia (2004), and Enabling Our Future Australian IT industry is a little yet huge piece of the world business and it contributed around $50 billion to the Australian economy (Fitzpatrick and Keane, 2006). The nation today has around 24 000 experts firms that offer wo rk to in excess of a million people. Difficulties looked by the IT area: Throughout the years it has been encountered that tech part in Australia encounters low development that mining and other space. There are a few difficulties confronting organizations. The worldwide economy has affected on the countrys financial advancement in the previous not many years. Fast financial development was experienced by China and this has totally changed the worldwide exchange and venture stream. Other than other area, the key custom of IT industry is to effectively discharge item updates and satisfy customer need (Gentle, 2007). The absolute greatest difficulties to be considered in the midst of serious condition are; Income: both little and huge organizations experience issues with income as it requires some investment to get installment from the customers. Meeting on-going costs henceforth become a significant test for the organization. Development: drive to advancement has picked up significance and its interest has expanded in the business. Associations today are compelled to investigate new chances and open development potential. A few organizations are thinking of imaginative arrangements activating rivalry in the market (Holcombe, 2008). Abroad extension: business development and aptitude charm have empowered organizations in re-appropriating activities to India or China. IT organizations could without much of a stretch get the activities finished inside time and spending plan. They could set aside cash by utilizing aptitudes from monetarily creating nations. In this way organizations today incline toward utilizing profoundly proficient and talented team from redistributing. This training has affected vigorously hands on market and tech experts are once in a while finding a new line of work. Undoubtedly, Melbourne and Sydney are the most famous goals where work searchers crowd for tech occupations. Australia has countless transient populaces. Other than local populace, the nation has bolstered the transient populace in development and living (Nicolette, 2015). As indicated by the specialists, Australian IT industry has encountered a noteworthy decrease in contribution from youthful experts. There has been a striking fall in joining the business in the course of recent years. As per the CEO of the online administrations organization, IT industry ought to take care of the issue tormenting the circumstance with the goal that more individuals could join the business. Other than this industry master director of CSIRO referenced subsequent to dissecting the general disposition of the activity searchers and IT experts in Australia that Australia comes up short on a culture of continue learning. As per him, there is a vacuum in adoring learning or knowing the obscure or continue rehearsing to improve expertise. In this way, the countries absence of approach towards reveling into ceaseless adapting consequently impacts on the general execution of the expert space. Subsequently when the inclination is contrasted and different nations like Israel or India organizations distinguish that in each spot individuals battle towards improving each day. The expert condition is steep in constant endeavor towards individual and expert improvement, and since this demeanor is absent in Australian populace organizations are disillusioned (OECD KISA venture, 2010). For instance, as indicated by Mr Thodey with respect to coding process, the expert demeanor towards finishing the errand in Australia doesn't fuse any new experimentation, research or other improving methodologies, rather the experts approach is to adhere to the current organization and simply whatever makes you go. There is no eagerness towards development, experimentation or improvement. What's more, this is pr ompting an obvious state in IT area. Eventual fate of IT in Australia: With the development of portable cell phone innovation, Australian IT space encountered certain progressions and communicated readiness towards investigating the new and intriguing area. Occupations in PC framework configuration expanded. This region requested ability in programming and programming advancement and in 2008 encountered an abrupt flood. According to the Australian App Economy report, Australia could encounter critical development in the versatile figuring part as more individuals are keen on the area. Other than this industry examiners, for example, Dr Mandel further announced that Australia is prepared to assimilate to new advancements at a fast pace and investigating the development pattern he has additionally referenced that Australia is required to perform well and consequently he named it the application economy as this space involves application engineers from the IT segment. At present about 9.4 percent of Australian tech occupations incorporate individuals working in application improvement action (Spencer, 2017). Consequently since the soundness of application advancement is acceptable, if different ventures like retail, fund, amusement acknowledge computerized improvement and utilize development all the time, the specific region in IT would arrive at new statures by 2020. Application economy is contributing colossally and a report from Apple plainly features that the App Store has effectively included around 70,000 employments in the Australian economy. Other than the application improvement and advanced development, E-business and E-arrangement have increased extensive significance in the previous scarcely any years. A few companie

Saturday, August 22, 2020

World History Essay Example | Topics and Well Written Essays - 1000 words

World History - Essay Example The nation was isolated as at no other time or since and it was apparently the last time regular folks valiantly yielded themselves for a reason. The Vietnam War isolated the country along ideological fight lines. The more established age, the ‘establishment’, was of the WWII time frame and worked under a nationalistic point of view. They accepted that to be a genuine nationalist was to aimlessly follow the authority of the administrative forces that be, to help your ‘country’ in any event, when you thought it wasn't right. The youthful school dissidents, the ‘new generation’, the counter-culture re-imagined this thought of nationalism. They accepted that to be really enthusiastic was to scrutinize the choices of government and transparently contradict when it was decided to not be right. The philosophical gap was wide and feelings ran profound on the two sides. Those that fought relinquished a lot. They endured the hatred of their folks who couldn’t comprehend why their youngsters were defying the very establishment of their parents’ convictions in this manner causing what was alluded to as the ‘generation gap.’ Some war dissidents were executed by warriors of the National Guard just like the case at Kent State and South Carolina State. The dissidents and draft-dodgers were thought of as hostile to American by the standard populace who viewed their activities as downright treasonous. This mentality makes one miracle what the ‘greatest generation’ thought they were battling for during WWII. They battled to safeguard opportunity on outside soil yet were a lot of restricted to the naturally ensured option to calmly gather in their own nation (Bexte, 2002). The war nonconformists of the 1960’s had the boldness to follow up on their political and philosophical feelings dissimilar to the individuals who are against the Iraq War today. The two clashes are frightfully comparative on numerous fronts yet the open response has been extremely divergent. At that point as now, those restricted to the war are

Tuesday, August 11, 2020

Barriers to Seeking OCD Treatment

Barriers to Seeking OCD Treatment More in OCD Living With OCD Causes Symptoms and Diagnosis Treatment Types Related Conditions Although there are many  effective treatments  available for obsessive-compulsive disorder (OCD), research suggests that only about one-third of people actually seek help for their OCD. Here we investigate why. Barriers to Seeking Help for OCD Studies examining why people don’t often seek help for OCD have revealed that there are many challenges or barriers to seeking treatment. Not Knowing Where or How to Get Treatment. People with OCD often say that they do not know where to seek treatment. Sometimes, even if they do know where to go, they may not have the financial resources necessary to pay for psychotherapy or other treatments. There are resources to help with financial difficulties, such as reduced costs for medication and therapists who provide treatment using a sliding scale fee, as well as resources to find places to get help.  Thinking Symptoms Are Not Severe Enough. It is not uncommon for people affected by OCD to put off going to the doctor unless they see their OCD symptoms as severe or experience multiple problems in addition to OCD, such as depression or panic disorder. Sometimes people dont want to admit that their symptoms are impacting their lives and that treatment can vastly improve their quality of life.Fear of Change.    Change can  be tough, especially when youre already dealing with an anxiety disorder like OCD. Getting help may feel like giving up control over your life, but it can actually help you gain more control.  Embarrassment. Understandably, people with OCD are often secretive about their problems and may be embarrassed about revealing the content of their obsessions to other people, especially if they have obsessions that deal with sex, violence, aggression or hoarding. Keep in mind that therapists have heard it all and are trained to help you get control over these upsetting thoughts and behaviors.  Fear of Rejection.  People with OCD fear the negative reactions or even rejection of others.Fear of Discrimination. Although it is illegal to discriminate against people with mental illness, people struggling with OCD are often worried that their illness will be used against them. For example, being fired is a common fear.Intimidation. For people with OCD who are visible minorities or whose first language isn’t English, visiting a physician or psychologist to discuss treatment options may be too intimida ting.Not Recognizing OCD Symptoms.  There are some lesser-known symptoms of OCD that may make it difficult for a person to recognize that they have OCD. There are actually a variety of ways in which OCD can manifest itself and many of the symptoms are not as recognizable as hand-washing or counting. These include procrastination, constantly seeking reassurance, a hard time making decisions, and asking questions repeatedly Where Can I Find OCD Help? If you feel you are experiencing symptoms of OCD, your first step should be to make an appointment with your family doctor to discuss treatment options. He/she can most likely refer you to a mental health professional. OCD Discussion Guide Get our printable guide to help you ask the right questions at your next doctors appointment. Download PDF In addition, there are a number of online resources that can help you locate the assistance that you need: National Institute of Mental Health (NIMH) Locating Services: An online tool from the National Institute of Mental Health to help you locate mental health services. Treatment Providers: An online tool to locate treatment providers specializing in the treatment of OCD from the OCD Foundation. Support Group Search Tool: An online tool to locate OCD support groups in your area. OCD Intensive Treatment Programs: A list of OCD-intensive treatment programs within North America.

Saturday, May 23, 2020

MGT 623 Week 1 Assignment Essay example - 785 Words

Tiffin University Problem Solution Analysis Paper Submitted for Course Number MGT 623 Legal and Ethical Issues in Management Dr. Dave Ibarra By: Lauren M. Middleton October 26th, 2014 Milton Friedman advocates the classical theory of business, which essentially holds that businesses should be solely devoted to increasing profits as long as they engage in open and free competition devoid of fraud. Friedman was an advocate of free market forces, he would recommend that let the market forces operate freely and the executive compensation will reach the right levels. The high performing executives will command higher salaries and poor performing executives will receive lower salaries or simply become unemployed. If†¦show more content†¦A tenet of that theory is that enlightened egoists will recognize that socially responsible behavior will benefit them. Both psychological egoism and the classical theory can be defended by the utilitarian argument. Utilitarianism maintains that any action or system is good if it results in the greatest good for the greatest number of people. A utilitarian would commence by looking at the total utility or the happiness generated by the compensation paid to executives. Now if paying executive compensation by way of stock options leads to misguiding skyrocketing of profits figures and causes financial loss to several shareholders of the company, the utilitarian will propose that the executives should not be compensated by way of stock options. Moral worth lies in contribution to the overall utility. In summary, if, as Smith contended, self-interest is a chief motivator and the invisible hand really works, then as companies seek to maximize profits, the greatest public good will result for the greatest number. Critics of Smiths and Friedmans theories contend that they neglect the need for cooperation and teamwork in society, and that chaos can be avoided only with heavy policing of self-interested behavior. Proponents of the invisible hand counter that individuals will usually pursue cooperation and self-regulation because it is in their own interest. A deontological thinker would say that it is the duty of theShow MoreRelatedThe Implication of Hawthorne Study in 21st Century4408 Words   |  18 PagesAssignment The Implication of Hawthorne Study in 21st Century Ashab Anis Joy ID: 2012-1-10-255 Class: MGT Course Code: 101 Sec: 7 Semester: Fall East West University Bachelor of Business Administration East West University 20th November 2012 Introduction The Hawthorne Experiments were conducted between 1927 and 1932 at the works of the Western Electric Company in Chicago. Basically the aim of these experiments was to † attempt to reduce worker dissatisfaction and resist trade unionRead More THE IMPACT OF KNOWLEDGE MANAGEMENT PRACTICES IN IMPROVING STUDENT LEARNING OUTCOMES65118 Words   |  261 PagesAbstract Table of Contents List of Tables List of Figures iii iv iv v vi ix xii Chapter 1. Introduction Organisation of the Thesis Why Knowledge Management matters in Education? The possible impact of knowledge management practices on learning outcomes Measurement of quality knowledge through e-learning and student learning outcomes Purpose of the Study and Research Questions Organization of the Remainder of the Study 1 1 2 7 9 13 16 Chapter 2. Literature Review Part A: Introduction and Background of

Tuesday, May 12, 2020

The Use of Satire in Voltaire’s Candide by Gottfried...

The Use of Satire in Voltaire’s Candide Satire. According to dictionary.com it is â€Å"the use of humor, irony, exaggeration, or ridicule to expose and criticize peoples stupidity or vices, particularly in the context of contemporary politics and other topical issues†. During a time when going against the common mindset, which at the time was philosophical optimism, was rare and often looked down upon, using satire in order to not only communicate one’s beliefs but also mock those who shared the mainstream train of thought was key. The use of satire in Voltaires Candide aids in the exhibition of his pessimistic mindset towards the social, religious, philosophical, political, and scientific beliefs that were favored during the Age of†¦show more content†¦Despite not believing that God created the best possible world to live in, Voltaire did believe in God. The European Graduate School published a biography of Voltaire which remarked Voltaire was also a f ierce critique of religious traditions but that is not to say that he was averse to the idea of a supreme being. His understanding of God was deist, he reasoned that the existence of God was a question of reason and observation rather than of faith. This demonstrates that he did believe in and accept God, though in an unorthodoxed way, relying wholly on his reason and observations. Not only did these unique beliefs and idea spark some harsh feelings towards Leibniz, but they also forced Voltaire to better mask his criticism. Thus, the employment of satire in his novels, specifically Candide. Throughout Candide Voltaire mercilessly satirizes and mocks many aspects of philosophical optimism. One of the most prevalent examples of this is displayed through Candide’s teacher, Pangloss. Acting as a stand-in for Leibniz in the novel, Voltaire portrays him as both ignorant and arrogant, initially introducing him as Candide’s â€Å"metaphysico-theologo-cosmoniogoly†(Volt aire 15) teacher. Pangloss’s egocentric personality comes through when James the Anabaptist fell overboard on their way to Lisbon. About to jump in after him, Candide is stopped by his wise teacher who proclaims â€Å"the Lisbon harbor was formed expressly for the Anabaptist to drown in†Show MoreRelatedThe Candide By The French Enlightenment1377 Words   |  6 Pagesthe novel Candide by the French Enlightenment writer and philosopher, Voltaire, the use of satire is highly prevalent. Voltaire took many of the follies and views he disagreed with during the Enlightenment and satirized them in this highly unrealistic and exaggerated novel. The events throughout the novel, even if they have some connections or roots in historical events, are seemingly preposterous and embellished because of Voltaire’s heavy use of satire. However, Voltaire merely uses these embellishmentsRead MoreThe Candide : An Era Of Enlightenment Philosopher Essay1355 Words   |  6 Pagespopul ar among the masses for his philosophy. Candide, one of Voltaire s more famous works, expresses lack of reasoning in optimistic philosophy, for the application of practical issues. Candide’s journey is expressed in a quick turnover of events, leaving the reader unavailable to emotionally attach themselves to tragedies; however, Candide’s transformation to an ethical individual is expressed by the lack of practical use of optimistic philosophy. Candide was written during first contact between theRead MoreA Critique Of The Novel Candide 1238 Words   |  5 PagesIn the novel Candide, Voltaire uses irony, exaggeration, understatement, sarcasm and other literary devices in order satirize flaws in society. There are two different types of Satire, that of Horace, which mild and lighthearted, and that of Juvenal, called Juvenalian, which is scornful and scathing, very rarely intended to be funny, but rather make a critique of a societal problem, to call for change. Both types are found in Candide, both characterized in the novel by ironic criticism of weaknessesRead MoreAnalysis Of Voltaire s Candide 964 Words   |  4 PagesCandide is a French satire that was first published in 1759 by Voltaire, who was a philosopher during the Enlightenment Age. It is a story about a young man, Candide, who is a follower of Leibnizian optimism. Candide witnesses and experiences many hardships in the world that puts his life at risk and test s the strength of his beliefs. During Candide’s many adventures, he faces many historical events that Voltaire uses to simplify subtle philosophies and cultural traditions, by highlighting theirRead MoreVoltaires Use Of Distortion1620 Words   |  7 PagesSimi Singh Ms. Russell Humor and Satire (H) Sept. 20, 2017 Candide Essay Prompt: In questioning the value of literary realism, Flannery O Connor writes: I am interested in making a good case for distortion because I am coming to believe that it is the only way to make people see. Following your study of Candide, write an essay in which you examine Voltaire’s use of distortion; how is he using it and to what extent does he succeed in â€Å"mak[ing] people see†? In other words, how did Voltaire incorporateRead MoreVoltaire s Candide : A Satirical Work Wrought With Black Humor And Caricature Like Characters Essay1727 Words   |  7 PagesVoltaire’s Candide is a lively satirical work wrought with black humor and caricature-like characters. Apart from being a humorous and entertaining masterpiece, Candide explores the metaphysical conflict humanity faces in attempting to make sense of the world and its struggles. In his work, Voltaire uses his characters to serve as caricatures or parodies of various contrasting philosophies which each in their own way attempt to confront and remedy this existential conflict. He frames these characters’Read MoreCandide Optimism Essay1904 Words   |  8 PagesCandide, by Voltaire, is a satire written based on the people, events, and thoughts of the 1750s and was published in France, Italy, and the Netherlands. These included Gottfried Wilhelm Leibniz, most religious groups, the earthquake of Lisbon in 1755, and the idea of Optimism presented by many philosophers. The idea of Optimism is based on the idea presented by most religious figures, that God is here and perfect, therefore anything that happens in life is there for a reason and not just a mistakeRead MoreVoltaire s Candide And Dostoyevsky s Notes From Underground1870 Words   |  8 Pagesmany brilliant works created to provide emphasis to the importance of moderation, two philosophers in particular, Voltaire and Dostoyevsky, have conceivably accomplished the most exemplary job of delivering evidence in Voltaireâ€℠¢s Candide and Dostoyevsky’s Notes From Underground. Each use the two concepts of reasoning and currency in different ways to express the importance of moderation. In contemporary society, daring to ask a pertinent question on a social platform is feasibly one of the most dauntingRead MoreCritical Analysis on Voltaire’s Candide, â€Å"Eldorado†2027 Words   |  9 PagesThe story of Candide, â€Å"Eldorado† and what the meaning is, has been one of debate as to what Voltaire was interpreting in the story by some authors. The scene of Eldorado is the visual philosophy of Voltaire’s thoughts of what an ideal society would be. It is a land of richness and where there is a state of being equal in status, rights, belief, and opportunity; it is free of greed, claiming titles or importance, religious strife or contention, and there is no suffering (Mason 55). Eldorado also brings

Wednesday, May 6, 2020

Agency Problem †Essay Free Essays

I partially agree with the statement that managers have a severely limited amount of discretion to pursue actions inconsistent with shareholder wealth maximization. By investing in a company, shareholders aim to maximize their wealth and achieve portfolio diversification. The objective of managers is assumed to be to further these interests by maximizing the firm’s share value. We will write a custom essay sample on Agency Problem – Essay or any similar topic only for you Order Now This can be achieved by taking on projects with positive NPV and good management of short-term capital and long-term debt. However, shareholders and managers are assumed to want to maximize their utilities; so this objective may not always be the priority for managers as they may rather prefer to maximize their own wealth or further other personal interests of theirs. This conflict of interest between the two is an example of the principal agent problem. The principal agent problem occurs due to two reasons. The first is the separation of ownership from control – the principal or the shareholders may own a corporation but it is the agent or manager who holds control of it and acts on their behalf. This gives managers the power to do things without necessarily being ‘detected’ by shareholders. The second is that shareholders may not possess the same information as the manager. The manager would have access to management accounting data and financial reports, whereas the shareholders would only receive annual reports, which may be subject to manipulation. Thus asymmetric information also leads to moral hazard and adverse selection problems. The following are areas where the interests of shareholders and managers often conflict: Managers may try to expropriate shareholders’ wealth in a number of ways. They may over consume perks such as using company credit cards for personal expenses, jet planes etc. †¢Empire building: Managers may pursue a suboptimal expansion path for the firm. They may expand the firm at a rationally unfeasible rate in order to increase their own benefits at the cost of shareholders’ wealth. †¢Managers may be more risk ave rse than shareholders who typically hold diversified portfolios. †¢Managers may not have the same motivation as shareholders, likely due to a lack of proper incentives. Managers may window dress financial statements in order to optimize bonuses or justify sub optimal strategies The principal agent problem normally leads to agency costs. This has been identified by Jensen and Meckling(1976) as the sum of: 1. Monitoring costs: Costs incurred by the shareholders when they attempt to monitor or control the actions of managers. 2. Bonding costs: Bonding refers to contracts that bond agents’ performance with principal interests by limiting or restricting the agent’s activity as a result. The cost of this to the manager is the bonding cost. 3. The residual loss: Costs incurred from divergent principal and agent interests despite the use of monitoring and bonding. However the manager’s discretion is quite limited in practice. There are a number of internal and external solutions to agency costs for shareholders. Internal: †¢Well-written contracts ensure that there are fewer opportunities for managers to over consume perks. †¢An external board of directors could be appointed to monitor the efforts and actions of managers. This board would have access to information and considerable legal authority over management. It could thus safeguard information and represent shareholder interests in the company. †¢The board could hire independent accountants to audit the firm’s financial statements. If the managers don’t agree to changes proposed by auditors, the auditors issue a qualified opinion. This signals that managers are trying to hide something, and undermines investor confidence. †¢Compensation packages where the reward to the manager is linked to firm performance. This includes performance related bonuses and the payments of shares and share options. Ambitious, lower managers are a threat to the jobs of inefficient, evading ones. External: †¢The lenders of a company also monitor; a bank for instance would track the assets, earnings and cash flows of the company it provides a loan to. †¢Managerial labor market: Poor managers may not get another job or get a much poorer one. Ultimately the most important indicator to the labor market of managerial performance is share price. †¢Capital Markets – A falling share price increases the threat of a take-over, which can often result in redundancies. More concentrated shareholding by outsiders can lead to monitoring by them and improve managerial performance. However there are a few problems with these solutions though, which make it possible for managers to circumvent them to a small extent. In order to keep the share price high, managers may focus more on short term profitability at the cost of long term profitability. They may use gimmicks to temporarily boost the share price and neglect spending on research, development and H. R. They may also provide sub standard products and cease providing services for old, or relatively less important products in order to reduce costs and make a quick profit. This damages the company’s reputation, reduces its competitiveness in the future and thus affects long-term shareholder value negatively. While block holders may act as external monitoring mechanisms, they can also have private incentives to go along with management decisions, which may be detrimental to firm performance. Writing better contracts may reduce the problem of asymmetric information, but not fully solve it. This is because the design of such contracts is technically infeasible due to various reasons such as the difficulty of foreseeing all future contingencies. Dispersed shareholders often do not exercise the few controlling rights that they have. This leads to a free rider problem where shareholders would prefer to let other shareholders do the task of monitoring as they cannot justify spending on it over the few shares that they each own. In order to resist takeovers, managers may design contracts that compensate them in the event of loss of control due to the takeover. They may also undertake targeted repurchases and devise a poison pill, which changes the fundamental aspects of the corporate rules without the knowledge of shareholders. While incentive schemes such as shares and share options are effective, they are still reactive in the sense that they provide no mechanism for preventing mistakes or opportunistic behavior. Managers may continue to focus mainly on quarterly goals rather than the long term as they are allowed to sell the stocks after exercising their options. By focusing on quarterly performance, managers could boost the stock price and avail higher personal profits on their subsequent sale of stock. Managers may also sell their shares as soon as they are high, leading people to think that they lack confidence in their own operations. This may adversely affect share price. Share options also increase the risk of EPS dilution from an increase in shares outstanding. Managers may often ‘window dress’ financial statements as the company must be seen to perform well in order to improve share valuations. They may report inaccurate information, especially if their short-term rewards outweigh their long term ones such as pensions. It also encourages shareholder approval, and so would lead to less difficult AGM’s. Many managers may hide the true value of assets in order to hide the losses they incurred while buying them. Window dressing also involves managers presenting statistics such that they highlight the perceivably best bits about the company’s performance and avoid emphasis on the worst aspects of the previous year’s business. Other common practices of this include disguising liquidity problems and fraudulent representation of liabilities. This gross misrepresentation of debts has been seen with Enron in the US, where $billions of long-term liabilities were hidden off the balance sheet. Its executive Jeffery Skiller, initiated the use of mark to market accounting, while hoping to meet Wall Street expectations. Enron ultimately became bankrupt while its shareholders suffered huge losses. Despite having model board of directors and a talented audit committee, Enron’s managers were able to make it attract large sums of capital to fund a questionable business model and hype its stock to unsustainable levels. Worldcom, a telecommunications company in the US, inflated profits by disguising expenses as investment in assets and inflated revenues with bogus accounting entries from corporate, unallocated revenue accounts. In mid 2000, its stock price began to decline and CEO Bernard Ebbers persuaded WorldComà ¢â‚¬â„¢s board of directors to provide him corporate loans and guarantees of over $400 million to cover his margin calls on Worldcom stock. The board had hoped that the loans would avert the need for Ebbers to sell the substantial amounts of WorldCom stock that he owned, as this would have further reduced the stock’s price. However, the company ultimately went bankrupt and Ebbers was ousted as CEO in April 2002. The shareholders suffered massive losses as they watched World Com’s stock price plummet from $60 to less than 20 cents. Thus, we can see that while there is room for managers to indulge in personal wealth maximization, it is quite difficult to do so. Usually, the solutions tend to be adequate enough to correct the conflicts, and restrict manager’s discretion. How to cite Agency Problem – Essay, Essays

Sunday, May 3, 2020

Catcher in the rye 5 Essay Example For Students

Catcher in the rye 5 Essay Catcher in the Rye EssayI keep picturing all these kids playing some game in this big field of rye and all. Thousands of little kids, and nobodys big but me. And Im standing on the edge of some crazy cliff -What do I have to do, I have to catch them. I mean their running, and they dont look where their going, so I must come out of somewhere and catch them.(Salinger,173)J.D. Salinger, in his timeless classic, The Catcher in the Rye, a novel depicting the complications of life as an adolescent, uses reality verses allusion, phoniness in society, and the loss of innocence as themes in his novel, to present the true inner character of Holden Caufield. Beginning to learn the truths of society and growing up, sixteen year old, Holden has a hard time adjusting to maturity. After the death of his younger brother Allie, his inability to remain in one school, and his ongoing dislike of many people and their morals, Holden has been driven to depression in which he dispenses to a psycoanaylgist throughout the novel. Through his novel, Salinger incorporated the theme reality verses allusion, to demonstrate how the mind of some adolescents are so unwilling to face the truths of society. As stated above, Holden wishes to accomplish an futile task, save children from growing up, and protect them from the corruption of adulthood. The following presents an example of Holdens inability to grasp the differences between reality and allusion. Somebody written Fuck You on the wall. It drove me damn dear crazy. I thought how Phoebe and all the other kids would see it, and then how theyd wonder what the hell it mean, and finally some dirty kid would tell them- all cockeyed, so I rubbed it out.(Salinger,201) Presented here, an another example on how Holden once again attempts to accomplish the impossible, save children from the words and instances that they are going to transpire no matter how hard someone desires to hide it. Holden allows himself to live in a state of unrealistic thoug hts, with the idea that change will forever be deleterious. Yet Holden seems frightened to admit to himself that change and development are a necessary part of reality. The only way one would be able to avoid change would be to die young, avoiding maturity, and maintaining innocence. Holdens dislike towards change attracts his interest to the museum, because a museum continues to be never changing, the displays are forever set in stone, and preserved. Lastly, Holden presents his fear of facing reality though avoiding the truth. After failing out of Pencey, he decided to hide out in New York City, until his parents reached notice of his being kicked out of yet another school, because of his fear to face problems. Yet in reality the only way Holden could fix the problems he had would be to face them, not avoid them. He simply ran away from any instance to improve his problems, or to speak the truth, therefore; accomplishing nothing but more fear. His inability to grasp the differences between reality and allusion, lead Holden into his state of mental depression, because he makes it possible for himself to expect only the best, everything perfect, and unchanged, which is truly preposterous. Since 1888 we have been molding boys into splendid, clear-thinking young men.(Salinger,2) Throughout the novel, Catcher in the Rye, Holden expresses his distaste for the majority of society. Specifically, he claims most people act in a superficial manner, and observes the masses to be phony and unthoughtful in nature. Yet he himself acts phony, attempting to portray himself as someone else, someone better, and older, at points. Such an example would be when he speaks with Ernie Morrows mother. In this instance, he characterizes himself as someone he hates. Another depiction of phoniness would be Stradlater, Holdens roommate at Pencey. Stradlater presents the perfect phony attitude that Holden has such distaste towards. His main worry seems to be that he must illustrate himself as the perfect jock; built, clean-cut, and gorgeous, and that bothered Holden to no end, because Stradlater never presented his true character, he constituted the word fake. Movie actors are yet another example of the phony attitude Holden so dearly dislikes. In his mind, actors always exemplify someone they arent. In his supposition, they just play some part they are requested for money, not a part that resembles their thoughts or personality. In public, movies stars also carry out that fake attitude, where they act as though they are better than everyone else. Lastly Holden dislikes actors and movies because their phoniness demoralizes children, and allows them to explore with the mature corrupted world. Societys phoniness causes the main reason for Holdens insecurity and isolation for the outer world. He becomes so fearful that he too will become part of the fraudulent society similar to everyone surrounding him. Holden has one concern throughout the novel, to protect the innocent, to keep children away from maturity, and the corrupted society. He wanted to be what he called a catcher in the rye.and stand on a cliff assuring that children wouldnt jump off to adulthood. His brother Alli e presents a great depiction of his admiration of youth and innocence. Holden idealizes Allie, mainly because he was never able to see him reach maturity. He died before he could lose his innocence, therefore leading Holden to believe that he exemplified perfection. Allies baseball glove, and the Little Shirley Beans record for Phoebe, illustrate Holdens challenge to preserve the innocence in his family. Another example of his fear of loss of innocence is when Holden had the opportunity to once again see Jane Gallagher. He had been great friends with her when he they were younger, but now remained afraid to face her realizing that she would have changed. She no longer could be the innocent girl he had loved, and considering her courtship with someone such as Stradlater, she had grown tremendously. No matter how much he yearned to see her or talk to her, he had too much fear to face the fact that she too no longer appeared to be a child, that she was now mature, and experienced. Last ly, the young boy on the street whistling that Holden referred to as swell exemplifies Holdens love of youth. The young boy symbolized independence, and nonchalance; untouched by the outer world, and unaware of the problems of society, therefore; attracting the attention of Holden. Holden had envied the pureness of the young boy, proud to see that he had not yet lost his most admirable quality, his simplicity. Children were the only people Holden seemed to be able to successfully communicate with, mainly because he did not worry that they would be phony, because they were too young to realize how to act fraudulent. Also, he did not have to be jealous of them, because he had no competition with them. Yet his idea of wishing to preserve innocence noted his life in the fantasy world. Maturity symbolizes a major part of life, one in which everyone must endure. As some may say growing up is hard to do yet it remains physically impossible to avoid it. Maturity is a natural part of life, and Holden has to learn to come to terms with that idea.. .u895baaafca14900bbf897e05a5843625 , .u895baaafca14900bbf897e05a5843625 .postImageUrl , .u895baaafca14900bbf897e05a5843625 .centered-text-area { min-height: 80px; position: relative; } .u895baaafca14900bbf897e05a5843625 , .u895baaafca14900bbf897e05a5843625:hover , .u895baaafca14900bbf897e05a5843625:visited , .u895baaafca14900bbf897e05a5843625:active { border:0!important; } .u895baaafca14900bbf897e05a5843625 .clearfix:after { content: ""; display: table; clear: both; } .u895baaafca14900bbf897e05a5843625 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u895baaafca14900bbf897e05a5843625:active , .u895baaafca14900bbf897e05a5843625:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u895baaafca14900bbf897e05a5843625 .centered-text-area { width: 100%; position: relative ; } .u895baaafca14900bbf897e05a5843625 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u895baaafca14900bbf897e05a5843625 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u895baaafca14900bbf897e05a5843625 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u895baaafca14900bbf897e05a5843625:hover .ctaButton { background-color: #34495E!important; } .u895baaafca14900bbf897e05a5843625 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u895baaafca14900bbf897e05a5843625 .u895baaafca14900bbf897e05a5843625-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u895baaafca14900bbf897e05a5843625:after { content: ""; display: block; clear: both; } READ: Battle Of The Sexes EssayIn his novel, The Catcher in the Rye, J.D. Salinger, presents the themes of phoniness in society, reality versus allusion, and loss of innocence, to depict the thoughts and problems of adolescent life, in such a sixteen year old as Holden Caufield. Life as a teen, presents both challenging and questionable events, and in the mid stage of his adolescent life, Holden begins to comes to terms with the truths of society. After undergoing the harsh realities of maturity, he begins to believe that he must save the rest of the young children in society from facing such problems, therefore wishing to restore their innocence. His absurd thoughts of society and the corruptness, in the end led him to his necessary evaluation with a psycoanaylgist. The adolescent days are suppose to be the best of your life, and Holden must come to terms that not everything in world will be fit perfectly the way he wants. He must just learn to go with the flow, and enjoy life while he can. He cannot always be Blue as Hell.