Personal Financial Plan

Personal Financial Plan Part 5 Sheri Mulder Personal Finance Age 30 Establish good credit and avoid excessive debt Invest aggressively for retirement Buy a first home and build equity Make a will and health directives Age 30-45 Create an estate plan. Buy adequate life and disability insurance. Keep investing as much as possible. Save for children's college. Age 45-65 Leverage peak earning years to build financial security. Shift retirement savings as necessary. Review estate plans regularly as assets grow and to reflect changing life circumstances. Age 65 and beyondAppropriately rebalance assets to manage risk. Take action to minimize estate taxes and facilitate wealth transfer to descendants. Make sure health insurance is adequate. What was used to help establish the personal financial plan was a website that had an example of a financial plan considering life-stage changes. The example was helpful because it showed different ages of an individual's life and what should be done duri ng those stages. The example was helpful to use because the example is very similar to the situation and life style changes that are becoming an issue.The financial resources that would be used to help make financial decisions would be to get a loan from the bank for a mortgage. Taking out a bank loan would only be used if there was a large amount of money needed and there was not enough saved up to use. It is important to have a nest egg to fall back on in case of emergencies so an individual does not have to use financial resources to get him or her out an emergency situation. Short-Term Goals Finishing college Increasing savings account Purchasing a new vehicle Reducing high interest debt Buy life insurance Make plans for retirementIntermediate-Term Goals Paying off expensive debt Creating an emergency fund to cover 12 months of expenses Buying a new car Taking special vacation Long-Term Goals Own a home free of mortgage payments Own a vacation home in the mountains somewhere rem ote Accumulate enough funds to not have to work, but maybe something part time in case I get bored My personal risk tolerance is very conservative at this current moment of life. Although my time horizon has many years to invest, right now the asset level is not high enough to have very much left to invest. My risk olerance is also conservative because of lack of experience and knowledge of investing. In the future when there is a higher asset level, there could be a possibility of hiring a professional to help with an investment. My time horizon impacts my financial plan because of how many years that there is left before retirement. The number of years that an individual has before retirement is important to determine how to invest and save money. By the time of graduation, there should be close to forty years to take on risky investments. There will also be forty years to load a portfolio with bonds and cash. Cash Flow Statement Cash from gross wages |43220 | |Cash paid for: | | |Income taxes and deductions |-8164 | |Mortgage |-7617 | |Food |-9600 | |Car expenses |-7000 | |Clothing |-1800 | |Cell phone |-1560 | |Internet and cable TV |-1272 | Balance Sheet |Assets Liabilities | |Car $6,183|Student Loan $10,000 | |Savings $600 | | |Total $6,783|Total $10,000 | | |Net Worth ($3,217) | Personal Monthly Budget |Projected Monthly Income |$1,667. 28 | |Actual Monthly Income |$2,684. 00 | Housing |Housing |Projected Cost |Actual |Difference | |Mortgage |$934. 72 |$934. 2 |0 | |Phone |$130. 00 |$159. 00 |-29 | |Electric |$212. 00 |$212. 00 |0 | |Cable |$84. 00 |$84. 00 |0 | Start saving, keep saving, and stick to your goals Contribute to your employer’s retirement savings plan Learn about your employer's pension plan Don't touch your retirement savings Ask your employer to start a planPut money into an Individual Retirement Account Find out about your Social Security benefits Time value of money impacts this part of the plan because the long er money is saved, the more it will be worth when an individual retires. When you save or invest money, it will be worth more because it will gain interest by investing it. The earlier a person invests or saves money, the longer that the amount of money has time to gain interest and increase in value. Works Cited https://ww3. janus. com/Janus/Retail/StaticPage? jsp=jsp/Common/JanusReportHTML. jsp&assetname=JanusReportThroughYears ———————– | |

Antigone Study Guide

Antigone Study Guide 1) Antigone – Daughter of Oedipus, very forward, she goes out to bury her brother even though it was breaking the law of King Creon and gets caught for it and killed, also betrothed to Haemon. Ismene – Another daughter of Oedipus, timid, doesn’t want to disobey Creon. Ismene gets up to speak her mind for her sister when Antigone is faced with the crime of moving their brother body. King Creon – Brother of Jocasta (whom committed suicide. ) Was a captain/general of army and the next ruler of Thebes, very righteous, wants to be obeyed by everyone or results in death for them. Haemon – Son of Creon, betrothed to Antigone, and has a romantic relationship with her. Haemon get very angry when he finds out about the loss of his bride and then kills himself and dies holding her dead body. Tiresias – A seer, comes to Creon and tells him that he needs to release Antigone or more people will die and he will be in a very sorrowful position, Creon doesn’t head his words in enough time and ends up in despair. Eurydice – Wife of Creon; kills herself with a sharp dagger to the heart when she finds out about the death of her son Haemon. A Sentinel – Just informs Creon of happenings around Thebes; and helps him to find Antigone when they are looking for the law breaker. 2) The dramatic effect to show how all of the rest of their family have horribly perished by murder or their own hands, kind of foreshadowing what will happen to these last two children. Ismene’s view of the difference between men and women is that women are born women they aren’t meant to rule they are to be below men, and to be obedient. 3) She will lay with him for as long as needed no matter what. â€Å"The powers of earth will not be as good as the powers of the Gods. She willingly to do anything for her dead brother to bury him, â€Å"do holy things criminally,† is an oxymoron because holy is meant be good and righteous but doing it criminally which is a ‘conflict of values’ between good, holy and bad, criminal. 4) There is a law set by Creon not to bury or touch the body of Antigone’s dead brothe r, but Antigone wants to bury him no matter at what cost. People today want things that are illegal for them to do, for example, when a divorced parent kidnaps their own child from the custodial parent, law says it’s not their child but they do anything for their child they love. ) The Chorus is a group of Thesbian Senators; the use of emotion pulled the reader into the writing and the amazing flow with writing rhyming and tempo made it easy to get more absorbed in the passage, feeling how people listening to this play would feel. 6) He is apologetic for all the trouble people had while they were ruled by Oedipus, uses the comparison to a ship and stormy seas again, tells them they can get a secure footing now. He says that death awaits anyone that goes against him or touches that body. Their beliefs are similar because they are both out for love of something and are not letting anyone get in their way. ) The 1 Senator, suggested, â€Å"This must be something more than natur al,† as to say that it could be something out of the ordinary and abstract. We see that the body is sprinkled with a dust given a ritual then buried, and that disappearing bodies was just crazy. 8) He is describing sin and temptation when he says that it ruins cities, removes/runs men out from their families and homes, leads them on the wrong path, and sets humans on not righteous actions the gods want but just what a human wants and their instincts. 9) He acts a little amazed, then asks her if she will admit to it or not. He questions her without much other conversation and with the answers Antigone gives, Creon gets more angry seeing that she sees him as not high enough rank, and that she will only listen to laws made by the gods, and Creon does not want to be ordered around by a women. 10) I feel that Antigone choice was a foolish religious zealotry. There were laws set by her ruler and she disobeyed them because she felt like only laws created by gods truly mattered, and that disobeying a ruler would have no effect or punishment for her with anyone but Creon. 1) Ismene wants to die with her sister, she does not want to watch her sister die then have to live without her. Even though she was timid and didn’t actually breath the law and touch the body or be involved in its transportation. She tells Creon she was involved and become defiant and stiff wanting what she wants. 12) They tell how the history of family continues down the whole line and one mistake will ruin their heirs forever. They a lso say how much wrong Antigone’s family has created and all after them of their children will be damned as well. The sickle murderous, of the rulers of the dead, and the wild words beyond control, and the frenzy of her own soul, again mow down the shoot. † Explains of what all her family had done and that it needs to end. 13) Haemon goes from simply agreeing with his father to questioning Ceron’s right to do this to his betrothed. Then the two start to quarrel over Creon believing Haemon is following a women rather than him, when he is really just bringing up logical questions. Haemon is just trying to prove that it wasn’t trying to go against Creon’s law when she took her brother, but was just looking out for him because she loved her brother. 14) He changes it so that the blood of her death cannot be traced back to anyone, when she dies alone in a cave with some food provisions. Also to symbolizes that the dead should not be disturbed to be buried like she attempted to do with her brother, and to prove that she is, â€Å"A lost labour to revere the dead. † 15) We see a sad side of Antigone, were she says it will be her last time seeing light and she never had a wedding or a wedding song. The chorus kind of says, ‘be happy, don’t be sad, you did not go to the grave with a plague, or stabbed with a sword, you’re going to the grave alive! ’ 16) When Creon sees Tiresias, Tiresias asks him if he will follow what he says, Creon says he always does, but Tiresias start to scare Creon when he starts to speak. That adds to the dramatic effect, wanting to know what Tiresias will say. He says that it was right to bury the body and that no one should be punished for it. Also that if she isn’t released there will be more deaths then just Antigone’s. 7) Initially Creon is surprised and does not want to do what Tiresias is suggesting. It follows his character and his not wanted to be wrong and his want for power. Creon learns that the laws of the gods are more important than his own, even though he doesn’t want to accept it. 18) Creon went to check for the voice of his son Haemon in the cave before opening the cave, to release Antigone . Doing so caused the deaths of, Haemon, Polynices, and Antigone. If Creon had saved Antigone first it would have most likely saved Haemon when he saw his betrothed. Doing what Creon did proves how much his pride comes before anyone else. 19) Antigone – Hung herself with linen rope in the grave where she was left to die. Haemon – Stabbed himself through the chest with a sword after seeing Antigone’s dead body and holding her in his arms. Eurydice – Dead at the altar of Creon’s house, slain dead with a sharp edged dagger to her hear with her own hands. Polynices – Found dead at the top of a hill, on the hillside with wild dogs all around him taking their shares. 20) Creon learns that by condemning others he condemned his family and they ll tragically saw their fate because he couldn’t let Antigone burry her brother, that many more people close to Creon died. 21) Antigone is a ‘Tragic Figure’ because she dies in the story and makes the audience feel bad for her because she was punished severely for trying to do right by her brother and bury him. While King Creon is the true ‘Tragic Hero’ because he sees his wrong after pride and power set him off course and down the wrong path, and after he saw the light, it was too late to fix what had already begun, and many more people died when no one had to suffer or die at all.

Sales Management Essay Example | Topics and Well Written Essays - 1500 words - 1

Sales Management - Essay Example It is difficult for the sales persons to agree that their product is inferior to another competing product. Under such circumstances, sales person will try to convince the customers at any cost. On the other hand many others are of the view that being truthful in an imperative for sales success. Relationship building is accepted as the core of every business activities at present and sales is also not an exception. Telling lies or cheating customers will never help the sales persons in establishing strong relationships with the customers. Customers who once cheated by the sales people will never come back to the same organization. This paper analyses the question; is sales ethics an oxymoron. Is sales ethics an oxymoron? Selling ethically, like all High Probability Selling principles, has been proven to statistically boost the probability of closing sales. Many salespeople report that truthfulness also reduces the stress and anxiety associated with the selling process. Radically Hone st Selling is a Win-Win situation for both Buyers and Sellers. Buyers conduct business feeling treated fairly and respectfully. Salespeople enjoy their work more - and enjoy greater financial rewards (The Truth About Truth in Selling: Sales Ethics is NOT an Oxymoron, 2004).1 Shortcuts will help people to achieve temporary gains whereas in the long run shortcuts may create problems. In sales operations also the above fact is true. A sales person may succeed in selling his product or services using shortcuts or exaggerated claims; however the customer will realize the trap later and he may take legal actions against the company or the sales person which may destroy the reputation of both the company and the selling people. On the other hand, if the sales person adopts only the straight ways to sell his product, the customer may give more mouth publicity to that product which may raise the reputation of the company and the selling people. Both the buyers and the sellers should have met their objectives in a deal so that the relationships with the seller and the buyer may be strengthened. â€Å"A study in Business Horizons magazine from In ­diana University, found that customers increasingly base their buying decisions on whether they be ­lieve a company is ethical. Cynicism promotes fick ­le buying habits† (Bucaro , 2006, p.1)2. Corporate social responsibility is a much debated term in business arena at present. Ethical selling habits are one of the major elements of corporate selling habits. A socially committed company should never try to cheat the customers with the help of exaggerated or misleading claims about their product. Ultimately, every social setups and systems are meant for the wellbeing of the society and no company or salespersons can survive for longer periods by neglecting the needs of the society. Putting blame on others for one’s own faults is not a good business or selling strategy. In the eyes of the customer, the reputati on of the company and that of the selling person will grow only when the sales person was able to keep honesty in his approaches. Exceeding the needs or expectations of the customer will always help the sales person in building the reputation of the company. Instead of blaming the products or services of the competitor, the sales person should try to convince the customers with the help of the features and qualities of the product or service he is selling. The sales person sh

Shawshank Redemption Essay Example | Topics and Well Written Essays - 500 words

Shawshank Redemption - Essay Example Several scenes from the movie Shawshank Redemption give rise for ethical reflection. In the scene where Andy Dufresne (Tim Robbins) offered financial advice to Captain Hadley (Clancy Brown), Andy almost got himself killed trying to argue his point across. Eventually, Andy was able to secure his position among the guards and, also, his inmates by giving them a "night of freedom", drinking beers on the rooftop. Andy's "self-sacrifice" proves to be questionable based on Kant's Ethics on Good Will. According to Kant, an action can only be perceived as done in "good will" if the rational being has the right reasons behind his actions-the right reason being honor bound by duty to do the right thing when a person is in power to affect a change. Since the motive behind Andy's actions is questionable, the act is therefore, morally incorrect. On the other hand, from the virtue theorists' point of view, the nature of man is too complex to put an exact science upon. For them, the question of ethics relies heavily upon a man's character and since Andy Dufresne is dominantly good, he is bound to act morally and perform good deeds. This theory is further strengthened in the part where Andy helped a new inmate, Tommy Williams (Gil Bellows), gain his high school diploma in the In addition and, in sharp contrast against Kant's theory, ethical egoism allows for the

DQ 2 Essay Example | Topics and Well Written Essays - 250 words

DQ 2 - Essay Example There are three main financial statements that are usually affected when a company makes any transaction. Purchase of an asset does not qualify as an expense, since it is a financing activity, which means that the income statement is not affected or changed. The balance sheet is used to record the final balances in the asset, liability and equity accounts of a firm, which means that this transaction will affect the balance sheet. When the company takes the loan, the cash account (current asset) increases by $150,000, and the loan account (Liability) also increases by $150,000. When the company purchases the asset, the cash account (current asset) reduces by $150,000, and the equipment account (Long-term asset) increases by $150,000. The other financial statement that is affected is the cash flow statement, since the transaction of purchasing the asset is a cash flow for an investing activity. In this case, the cash flow for investing activities will be increased by

The Thrill of Hiking Essay Example | Topics and Well Written Essays - 500 words - 4

The Thrill of Hiking - Essay Example The moment I planned to engage in a summer trip to Mount Whitney, my mind concocts images of trekking an adventurous path. I envision a group of excited friends with compactly prepared knapsacks on their backs frantic to the summit. Talks about reaching the apex amidst the blue horizon increase. The anticipation on the eve of the journey sends shivers to one’s senses precluding the natural invitation for slumber. At dusk, the excitement begins to unfold with the warm embrace of the rising sun as the backdrop. Hikers begin an aspired trek to the glorious destination. The smell of crisp brown fallen leaves cracks from each step, each pace at the trodden trail. The dewdrops from flora tingle the back of hikers’ hands and arms as each passes by bushes, shrubs and woody plants. No one can ignore the jubilant chirping of a California quail that seems to accompany the stompers to their ascent. After several challenging hours and hundreds of miles of walk, dribbling perspirations continue to mire vision like drizzles on windshields. A quick rehydrating drink from filtered cold water quenched our thirsts. A dissipated rest under a perfectly shaded pine provided the opportunity to restore energy and leg work. A gush of trickles from a nearby stream signals the change in humidity – the journey embarks on its climax. The warmness of the humid air eventually evolves into sporadic ice and snow at the summit. Nothing can compare to standing in a remarkably magnificent place that seemed to be on top of the world to enjoy and share the expanse, not only of mountain ranges, intermittent with deep ravine and valleys unreached by man but of the entire sight of the universe. Despite aching feet and legs, with exhausted physique, hikers like me, descent the slopes with minds planning the next adventurous journey.

Rumours by Fleetwood Mac Research Paper Example | Topics and Well Written Essays - 2500 words

Rumours by Fleetwood Mac - Research Paper Example For purposes of this analysis, this essaywill seek to review and shed a level of understanding onto the bands 11th studio album entitled â€Å"Rumours†. As with many of their previous albums, Rumous experienced a wide degree of success and was certied fo thave sold over 40 million copies worldwide. Such a massive commercial success indicates that the ablum and the band themselves had a profound effect on the formation of American culture during the turbulent 1960s and 1970s. As a function of this impact, the proceeding analysis will consider the cultural role that the album and tha band has had on the American dynamic. Seeking to quantify the impact of the album of course requires one to reqalize the impact of the times in which it was recorded as well as understanding the unique dynamics that existed between the individual musicians at that time. Ultimately, what the band was most interested in, like most profitable musical acts, was to further the commercial success they had experienced within the past decade. As a function of moderate to wildly successful album sales for the past 10 albums that had been released, the trio of vocalists to engage in the commissioning and production of an 11th album. What is unique about the process that led to the creation of the 11th album is the fact that the band was ultimately struggling with a form of self destruction/headonism, interpersonal conflict, and the pressures that year after year of being on tour as well as the emotional strain of living a life of wreckless abandon necessarily entails. Moreover, the band members engaged in the highly successful vision of deviating, at least slightly, from their previous albums while at the same time not alienating their fan base in the process by presenting them with sounds that were too different from what they had come to love and from what had ultimately made Fleetwood Mac a staple of 70s rocknroll. Culturally, the album itself cannot and should not underestimated. Firstly, in order to understand the cultural influences that gave rise to the album itself, the reader should consider what was taking place in and around the world as well as in the United States in 1976. At this point, the

Current UK Government Initiatives That Focus On Personal And Emotional Essay

Current UK Government Initiatives That Focus On Personal And Emotional Development - Essay Example Donaldson argues powerfully that young children, in order to be able to build on what they already know and can do, need to be in situations which make 'human sense' to them. The current situation in England is one in which the growth of the ECEC sector, in terms of numbers of places, is positively encouraged by the government, especially by the Treasury. This appears to emphasise the care aspect. However, at the same time there are other government-initiated developments concerning the need for improvements in the quality of provision, such as a new training pack for those who work with children aged from birth to three (Abbott et al. 2002) and the Secretary of State Charles Clarke's pledge for more resources. Since 2000, UK governments have invested heavily in leadership development in the NHS to secure policy change and modernise the service. A plethora of leadership programmes and initiatives have been supported with variable success. During recent years in the UK, there have been numerous government initiatives relating to the care and education of young children. Some of these, such as Sure Start, have been very successful, whereas others have proved to be more complicated to implement and fund. The idea that children have rights is a fair... However, Saraga (1998) states that '"rights" like "needs" is a highly contested concept particularly when applied to children'. Saraga goes on to say that children depend on the adults who care for them to assert their rights for them and that rights are limited by the child's vulnerability and dependency. Children's learning and development Child development falls into the two main categories of physical and neurological. Physical skills involve both gross motor skills such as rolling over, crawling and walking, and fine motor skills such as hand-eye coordination, grasping objects, drawing and later writing. Sensory development is also physical and includes sight, sound, touch, smell and taste. Intellectual and cognitive development centre on activity in the brain including use of language, smiling and giggling, imagination and working out. Our children's emotional wellbeing also develops in the brain and comprises many areas such as self awareness, self esteem and the ability to interact with others. Playing in some form or another helps to refine these different areas of development in babies and young children. (http://www.literacytrust.org.uk/talktoyourbaby/play.html) Children need activities which will stimulate their social, physical, intellectual, linguistic, emotional and moral development. The early years curriculum should be linked with a child's stage of development, which can be ascertained by careful observation of the child and discussions with the parents and family. The child's progress should be monitored, recorded and shared with the parents. Equality of opportunity The individuality of each child

Teacher’s Day In India Essay Example for Free

Teacher’s Day In India Essay Since times immemorial, Indians have respected and idolized their teachers. Earlier, we used to call our teachers Guru and now its the contemporary Sir or Madam. Nevertheless, the role of teachers has remained the same. They were, are and will continue to be our guiding light, creating conditions conducive to our overall development. We will always be thankful to them for their constructive support. It is as an expression of this gratitude only that we celebrate Teachers Day in India. Teachers Day is a tribute to the hard work and devotion of the teachers all year long, to educate a child. In India, teacher’s day is celebrated on 5th of September every year. Indian Teacher’s Day is dedicated to Dr. Sarvepalli Radhakrishnan, who was a zealous advocate of education and one of the greatest scholars and teachers of all times, apart from being the first Vice President and the second President of India. As a mark of respect to this phenomenal teacher, his birthday came to be observed as Teacher’s Day in the country. On Teachers day, students across India dress up as their teachers and take lectures in classes that are assigned to the teachers they represent. Sometimes, teachers sit in their classes as students, trying to relive the time when they, themselves, were students. Also, functions are organized in schools on the special day, where students present dance performances, dramas, and various other programs to entertain their teachers. This day provides for a healthy interaction between teachers and students as well. Dr. Sarvepalli Radhakrishnan Dr. Sarvepalli Radhakrishnan was one of the most distinguished diplomats, scholars and teachers of India, apart from being the first Vice President and the second President of the country. As a tribute to this great teacher, his birthday is observed as Teachers Day across India.

Love as Joyous Essay Example for Free

Love as Joyous Essay Both Plath and the Metaphysical Poets show love as joyous by suggesting a strong physical intimacy between themselves and their lovers. Donne, known for his hedonistic ways tried to seduce his lady in the poem To his mistress going to bed by relating her undressing to a holy analogy. Hallowed temple heaven paradise Angels gives a sense of purity about the relationship and emphasises the innocence in that the love they are about to share is purely between them. Along with this, in order to fortify the intimacy felt during love making Donne uses polysemic terms such as My mine of precious stones which not only displays mine as a first person possessive pronoun- perhaps showing pride in the possession he has over his mistress- but also the mine that is her genitals- the new land he is yet to discover. Similarly Plath uses polysemantic terms as a way of showing the exclusivity in her relationships in the poem Ariel , specifically referring to the apparent lesbian affair she had soon after her and Ted Hughes split The childs cry melts in the wall not only suggests that when with her alleged lesbian partner shes free for the burden of motherhood and can just focus on their passion but also that when being in a homosexual relationship the possibilities of conceiving a child are none an therefore there is no-one else to detract from the bond and overwhelming desire that the 2 have for each other. Plath also represents this intimacy by using metaphorical imagery such as White Godiva which indicates the female naked freedom while also subtly protesting against her husband by portraying this great female symbol. Plath also uses imagery to intensify the passion she feels in love making with another woman The brown arc of the neck and into the red eye suggest the vagina and feminists would argue that Plath portrays the orgasm as Foam to the wheat glitter of seas which exaggerates the intimacy experienced when the 2 are at their most vulnerable naked states. Along with this both Plath and the Metaphysicals display the joyous love by the overwhelming of emotions that it creates. In Donnes poem To his Mistress Going To Bed the whole poem is written in one stanza with its contents being ridden with enjambment we easily know By this these Angels from an evil sprite:. This shows the feelings Donne has as not being able to express them fast enough as, as hes seducing her, so many emotions are being created at the foremost frustration and lust. At the time, Donne was known for being debauched and this excitement and unable to contain his feeling emphasises how much he risked in order to sleep with the woman. The use of plosives such as Behind before, above, between, below represent the transactional and heightening strength of the emotion whilst the caesura in the line suggests Donne needs to pause after the words to try and calm himself down from all the overwhelming urges and desires he has for his mistress. As Donne was a child genius and was working in law by the time he was 17 he was popular with the ladies, and so when a woman such as the one hes addressing in the poem doesnt succumb to his epicurean ways so easily, his emotions flair and overwhelm him into an almost plea for her to make love with him. Plath also uses linguistic features in portraying the overbearing love and excitement she has for her first child to be born. Youre is a poem written during her pregnancy of her first child Frieda. She uses the phrase Vague as fog and looked for like mail to represent the anticipation and urgency she has to meet her new child. However, this is a homophone and mail could also mean male as in the absence of her husband Ted Hughes who was rarely around. At the time she was having relationship issues with Ted and building a new everlasting love bond with her new child and so the conflict in positive and negative emotions at the time would have certainly been overwhelming. The fog in this phrase represents the uncertainty and space between the mother and the gestating baby which may also be ironic of the disbelief she has that she can love a person so much without having met them yet. Finally both the metaphysical poets and Plath display love as joyous by seeing it as an opportunity for a new start. Donne sees this new start being one as starting from the pure naked state in the relationship to enter in these bonds is to be free is an oxymoron as the bond of marriage incarcerates two people in a relationship eternally. However Donne is expressing that by having this new start of marriage they will have a sense of freedom and self completion making love even more joyous. Whether Donne actually meant to marry the woman is questionable, after his strong womanising reputation however if he is then the new start he would have in actually committing himself in a marriage shows the strength of the love he feels. Plath, in Ariel sees the birth of her first child as a new start for herself. The metaphor of the last 2 lines Right, like a well-done sum. A clean slate, with your own face on shows the positivity she already sees in this new being well-done sum and clean slate. At the time she was going through hardships in her marriage with Ted Hughes and so the new child could be a source for a new start of optimistic love and a positive source to project happiness onto. The compound words in Thumbs-down on the dodos mode. Represents the new life and thus new beginning Plath will receive from the new baby whilst the assonance of the o sound fortifies this by showing certainty and stability she sees in that this undoubtedly will give her the release and new start that shes needed for so long

Analysis Of An American Social Welfare Policy Social Work Essay

Analysis Of An American Social Welfare Policy Social Work Essay Social welfare policies are an integral part of any political system. Many countries across the world have formulated social welfare policies to cope with the numerous social issues affecting society. There are many underprivileged people in society who include the unemployed, poor and disabled, and these require assistance from the state in order to achieve their potential. Social welfare in the US includes healthcare, empowerment, housing and other programs geared towards assisting the poor, unemployed and marginalized in society. Such programs include Medicaid, AFDC (Aid for families with dependent children), WIC (women, infants and children) programs, veteran programs and others. The US social welfare policy has been in existence for over two centuries and it traces its roots to British Poor Laws which were used by British colonies (Brown et. al. 12-17). These laws differentiated between people who were unable to work due to unemployment and those unable to do so due to physical health or age. The previous group was assisted with employment in workhouses while the latter was granted cash or other forms of assistance by the government. It is important to understand the US social welfare system in order to assess whether the objectives it was formed to attain are in fact being accomplished. This will enable us to make recommendations on whether the policy should be improved, remain the same or scrapped altogether. This paper will evaluate the US welfare policy in detail. It will assess its history and reasons why it was developed. The policy description and analysis will assist in evaluating the welfare policy. Afterwards an assessment will be made on whether the policy is effective in meeting the needs of the American society. The discussed issues will be summarized at the end of the paper. Historical background It has been stated that the US social welfare policy has been in existence for over two centuries and it traces its roots to British Poor Laws which were used by British colonies. The government realized that there were the poor and marginalized in society and that some of them were unable to meet their basic needs due to lack of employment. The huge number of unemployed people was a burden to society and contributed highly to acts of deviance which were experienced then. There was also the need to take care of war veterans who had contributed to the stability of the US through sacrificing themselves to defend their country. Congress approved programs aimed at supporting war veterans as early as 1862. Before government intervention, there was also some form of welfare which was practiced by villages. For instance, when families required assistance and friends and neighbors were unable to provide sufficient help, villages provided such help through workhouses or almshouses and poor re lief systems. There was also Mothersà ¢Ã¢â€š ¬Ã¢â€ž ¢ pension law which helped single mothers bring up children comfortably as well as cash allowance for the poor. In some states, aid for the blind was provided as early as the 1920s. However, these were mainly laws formulated to cater for specific objectives and were not necessarily a government policy as is in the modern world. The welfare policy was developed to cater for needs of families which suffered the Great Depression. The Great depression which occurred in 1929 and lasted for almost two decades before global economies recovered. It caused collapse of many economies and stock markets, massive unemployment, deflation of products and a general decrease in disposable incomes of most households. After the Great Depression, the government decided to develop a welfare policy which targeted families and households among other deserving groups. In 1935 the Social Security Act which defined policy programs was passed under President Roosevelt. Various social welfare policy programs including Aid to Dependent Children and unemployment compensation were developed as a result. In addition, government agencies such as Department of Labor, Department of Housing, Depar tment of Education and department of Agriculture were also formed to oversee the implementation of the welfare policy (Taylor 68-73). In subsequent years, various other policy programs were developed to meet modern needs. For instance, the Personal Responsibility and Work Opportunity Act passed in 1996 under President Clinton aimed at assisting the poor and empowering them to obtain employment as opposed to dependence on aid. The problems which necessitated development of the welfare policy will be discussed in the following section of the paper. Problem description necessitating policy There were several problems which necessitated the development of the social welfare policy. It is important to understand that different generations faced various problems throughout history although most were similar. This section of the paper will analyze the reasons necessitating development of the social welfare policy at different points in time depending on problems prevailing at the time. Initially, it has been discussed that social welfare was developed due to four major reasons. The first was to address the problem of poverty and unemployment. It was realized that friends and neighbors were sometimes unable to assist the poor in society who were beginning to be a burden to society. Many unemployed people were poor and had begun participating in social vices since they were unable to afford money for basic needs. There were no clear statistics on poverty levels but it was believed that over 10% of the total population lived in poverty. The second reason which necessitated de velopment of the welfare policy was the old and especially the war veterans who had sacrificed themselves for the country. Such categories of people were unable to work effectively due to age or injury and they began receiving support from the state. However, the modern welfare policy system began due to the effects of the Great Depression. It has been discussed that the Great depression which occurred in 1929 and lasted for almost two decades caused collapse of many economies and stock markets, massive unemployment, deflation of products and a general decrease in disposable incomes of most households. The Great depression was a massive problem which caused a fall of crop prices by over 50%, collapse in construction industry, over 50% decline in tax revenues and personal incomes, collapse in logging and mining industries and an over 25% increase in overall US unemployment rate amongst other problems (Modigliani 41-43). These were huge financial problems which threatened the survival of many families and businesses and the government developed the welfare policy aimed at supporting the affected families and households among other deserving groups. This facilitated the 1935 passage of the Social Security Act which defined policy pr ograms under President Roosevelt. Other welfare policies have been passed under President Clinton and these aimed at assisting the poor meet modern challenges and empowering them to obtain employment as opposed to dependence on aid. Policy Description There are two major policies which will be discussed as far as policy description of the US social welfare system is involved. The first is the 1935 the Social Security Act passed to mitigate the effects of the Great Depression and the 1996 Personal Responsibility and Work Opportunity Act passed to cater for the poor and marginalized in society. The 1935 the Social Security Act This Act was passed under President Roosevelt and it formed the basis of developing the welfare system as is used today. The Act advocated for development of programs which limited the threats to American society including poverty, old age, burdens of widows and orphans as well as unemployment. These problems were made worse by the Great Depression which occurred during this period in history. The Act provided various benefits to unemployed people and retirees, with lump-sum payments being made after their death. The payments which were made to retirees were funded by taxes on the payrolls of current workers, with half the payments being funded by employers. The old, families with depended children and unemployed were financed by funds in various states which were advanced by the central government. Many minorities and women were locked out from these programs. This was due to the fact that the Act did not cover employees in domestic service, agricultural labor, government employees, nurses, teachers and social workers. This locked out minorities and women who dominated these sectors. The Act also discriminated against women who received insurance programs based on children or husbands. Minorities such as blacks received lower funds for assistance in some states due to the perception that blacks needed less money for maintenance. During this period, approximately $35 million was paid out in welfare programs by the central government. It is important to note that these welfare programs were long term in nature and did not have strict time limits where people could rely on welfare. 1996 Personal Responsibility and Work Opportunity Act It has been discussed that this Act was passed under President Clinton. It had a significant impact on the goals and methods of assistance on the poor in society. The bill was passed with the belief that welfare programs were encouraging immigrants to relocate to the US where they became social burdens to society (Frum 325-327). It aimed at providing short term assistance to families as opposed to long term assistance as was being previously practiced. It also led to the change of long term welfare programs to short term ones. For instance, the 1935 Aid to Families and Dependent Children program was replaced by Temporary Assistance for Needy Families. In addition to shortening the length of welfare programs, this Act also increased eligibility standards required by those claiming benefits. These included reduction in immigrant welfare assistance, stricter conditions for eligibility for food stamps and recipient work requirements (David 33-37). The objectives of the program were requi ring welfare recipients to obtain employment after 2 years, ending welfare as an entitlement form, encouraging two parent families, limiting welfare support from federal funds to 5 years and enhancing child support enforcement. Welfare support came from both the federal and state government, with $650 billion being payable in welfare programs in 2009. Policy Analysis It is important to analyze the welfare policy which has been discussed in the paper in order to evaluate its legal and ethical implications. The major goals of the modern welfare system are to prevent dependence on welfare while at the same time assisting the old, unemployed, poor and single families amongst other target groups. The aim of the previous welfare system was to assist families, the old and unemployed mitigate the effects of the Great Depression. The intention of the 1935 the Social Security Act was to provide assistance to these marginalized groups. This was a noble intention since the great depression threatened the survival of many families and businesses. However, there were defects in the programs since they discriminated against minority groups and women. They were also long term support programs which indirectly encouraged reliance on aid by the needy. Since the needy were assured of financial support, some became comfortable and did not see the need to look for em ployment since the government was supporting them. However, these weaknesses were later discovered and the 1996 Personal Responsibility and Work Opportunity Act was passed. This Act corrected the weaknesses in the earlier legislation since it supported the previously discriminated groups including women and minorities. It also limited the timeline for welfare support and made welfare eligibility more difficult to discourage reliance on welfare both immigrants and native US citizens. This is an important step since it encourages people to empower themselves as opposed to relying on government support. The welfare policy enables the unemployed and poor to seek employment. This improves their relations with the rest of society since they are not seen as burdens that rely on support from public taxes as was previously the case. It also enables the recipients to improve the quality of life since it empowers them to seek financial stability and empowerment. Governments across the world should embrace welfare policies which help the needy b ut at the same time discourage them from relying on aid in the long run. Summary and conclusion The US welfare system has been discussed in detail. The system traces its roots to the 18th Century when villages assisted the needy and old in society. However, the modern form of welfare which is practiced today was developed from the 1935 the Social Security Act which was passed to mitigate the effects of the Great Depression. The Great depression caused the collapse of many businesses and loss of jobs by households due to massive unemployment. The Act aimed at providing long term support for the poor, needy, unemployed and the old in society. However, it faced two main weaknesses which were discrimination against minority groups and women, and encouraging reliance eon aid by beneficiaries. In order to solve these weaknesses, the 1996 Personal Responsibility and Work Opportunity Act was passed. The Act supported the previously discriminated groups including women and minorities and limited the timeline for welfare support and made welfare eligibility more difficult to discourage r eliance on welfare both immigrants and native US citizens. This encouraged recipients of welfare to look for employment opportunities and empowered them in the long run. It also improved their relations with the rest of society since they are not seen as burdens that rely on support from public taxes as was previously the case. It is important for governments to develop social welfare policies which are similar to those applied in the US. These will assist the marginalized and empower them to seek financial empowerment through obtaining meaningful employment. Such programs should not encourage recipients of welfare to depend on it in the long run. They should have feasible timelines when recipients of welfare should cease dependence on such programs. Only recipients who are unable to gain employment due to unique circumstances such as age or disability should receive long term welfare assistance. The programs should also have strict eligibility requirements to prevent abuse by able-bodied people capable of gaining employment. This will improve the social welfare of society in general.

The Character of Helena in Alls Well that Ends Well :: Alls Well That Ends Well Essays

The Character of Helena in All's Well that Ends Well    Helena There is an underlying ambiguity in Helena 's character. Spreading the illustration over the four most disputed moments in All's Well, the virginity repartee, the miraculous cure of the King, the accomplishment of conditions and the bed - trick, one can detect the ''different shades'' of in her character - honourable, passionate, discreet, audacious, romantic, rational, tenacious, forgiving ... She can be sampled out to be basically an idiosyncratic person with her good and bad, positioned within the ''clever wench'' tradition and the ''fulfilling of tasks'' folk tales ( W. W. Lawrence ) which necessitates that she should behave with a determination. The whole ambiguity in Helena ensues from unrealistic dramaturgy and realistic conception of women. Throughout the play, one sees Helena jostling ingenuousness with sexuality and at times there seems to be two Helenas, one who is conventionally tame and the other who is actively all out ... a love - sick Juliet that is ready at the end t o expose her darling 's ill practices. One could compare Helena with Isabella in Measure for Measure, since the characters are engulfed by different circumstances that demand each of them to act differently. Isabella is a religious figure while Helena is only love-driven.    Helen ... virtue in action ? All other characters contribute to the promotion of Helena as a virtuous character and though in Act. II Sc. v Bertram addresses her with ''here comes my clog'' he does not diminish her already cultivated uprightness which forgoes inherited wealth and nobility. The Countess is convinced that she has a noble virtue that her son cannot achieve through his valour in war. Her virtues were assigned to her by her father and by Heaven to whose intervention she ascribes all her ability to cure the King. Somehow, she is that ''semi-divine person or some type of new saint'' in fighting for what is genuine and lawful and personifies virtue in action. This Christ projection with which W. Knights endows her could have been further sustained by showing that it is rooted in what Lefaw says in Act II Sc. iii :-    They say miracles are past; and we have our philosophical persons to make modern and familiar, things supernatural and causeless. Hence it is that we make trifles of terrors, ensconcing ourselves into seeming knowledge when we should submit ourselves to an unknown fear.

Chaucers Canterbury Tales - Concept of Charity in the General Prologue :: General Prologue Essays

The Concept of Charity in the General Prologue    In the "General Prologue," Chaucer presents an array of characters from the 1400's in order to paint portraits of human dishonesty and stupidity as well as virtue.   Out of these twenty-nine character portraits three of them are especially interesting because they deal with charity.   Charity during the 1400's, was a virtue of both religious and human traits.   One character, the Parson, exemplifies Chaucer's idea of charity, and two characters, Prioress, and Friar, to satirize the idea of charity and show that they are using charity for either devious reasons or out of convention or habit.      Ã‚  Ã‚  Ã‚  Ã‚   According to the definition from the Webster's dictionary, charity means giving to the needy and helping the poor.   In Chaucer's time, however, charity meant much more.   It included a love of G-d and doing the will of G-d as well as the kind of person one is.   Thus Charity had two parts, one human, the other divine.   Two parts that mixed in different portions depending on a person. Charity was a human virtue that the Church encouraged.   People believed that if one does something good, he will be rewarded by G-d.   Many people did meaningful, charitable things out the goodness of their hearts, but others had done it for other reasons.   Those reasons included making money from people's suffering and giving to charity because someone told them to do so, rather than from the goodness of their hearts or to ease the suffering of others.   Chaucer plays off both of these parts of charity in his portraits to show how they can be combined differently in different people and to distinguish "true" charity from "false" charity.      Ã‚  Ã‚  Ã‚  Ã‚   Parson exemplifies Chaucer's idea of true charity.   Even though Parson does not have any money, he considers himself rich spiritually.   Going around the village, he teaches the poor and those who can't go to church about what G-d is and how to be a religious person.   He gives more than he receives.   In fact, he avoids preaching to the rich and well-to-do because he prefers going to the humble and poor, who truly need his help and G-d.   He doesn't run to London to earn easy bread

Basic Algebraic Properties of Real Numbers

Basic Algebraic Properties of Real Numbers The numbers used to measure real-world quantities such as length, area, volume, speed, electrical charges, probability of rain, room temperature, gross national products, growth rates, and so forth, are called real numbers. They include such number as , , , , , , , and . The basic algebraic properties of the real numbers can be expressed in terms of the two fundamental operations of addition and multiplication. Basic Algebraic Properties: Let and denotes real numbers. (1) The Commutative Properties (a) (b)The commutative properties says that the order in which we either add or multiplication real number doesn’t matter. (2) The Associative Properties (a) (b) The associative properties tells us that the way real numbers are grouped when they are either added or multiplied doesn’t matter. Because of the associative properties, expressions such as and makes sense without parentheses. (3) The Distributive Properties (a) (b) The dist ributive properties can be used to expand a product into a sum, such as or the other way around, to rewrite a sum as product: (4) The Identity Properties (a) (b)We call the additive identity and the multiplicative identity for the real numbers. (5) The Inverse Properties (a) For each real number , there is real number , called the additive inverse of , such that (b) For each real number , there is a real number , called the multiplicative inverse of , such that Although the additive inverse of , namely , is usually called the negative of , you must be careful because isn’t necessarily a negative number. For instance, if , then . Notice that the multiplicative inverse is assumed to exist if . The real number is also called the reciprocal of and is often written as .Example: State one basic algebraic property of the real numbers to justify each statement: (a) (b) (c) (d) (e) (f) (g) If , then Solution: (a) Commutative Property for addition (b) Associative Property for addition (c) Commutative Property for multiplication (d) Distributive Property (e) Additive Inverse Property (f) Multiplicative Identity Property (g) Multiplicative Inverse Property Many of the important properties of the real numbers can be derived as results of the basic properties, although we shall not do so here. Among the more important derived properties are the following. (6) The Cancellation Properties: a) If then, (b) If and , then (7) The Zero-Factor Properties: (a) (b) If , then or (or both) (8) Properties of Negation: (a) (b) (c) (d) Subtraction and Division: Let and be real numbers, (a) The difference is defined by (b) The quotient or ratio or is defined only if . If , then by definition It may be noted that Division by zero is not allowed. When is written in the form , it is called a fraction with numerator and denominator . Although the denominator can’t be zero, there’s nothing wrong with having a zero in the numerator. In fact, if , (9) The Negative of a Fract ion: If , then

Is the death penalty racist against blacks? Essay

I. Introduction There are several queries which came up in my inquisitive mind and try to discover and comprehend what are the possible grounds that judiciaries are basing his/her verdict and judgment in sentencing death penalty to a defendant or the accused himself. Death penalty is the heaviest and most depressing sentence for the accused; thus, it ends his chances to change. Come to think of it, the accused will not be given a chance to renew himself and become a better citizen in our country. Several countries around the globe are in favor to such act and even legalized it. But do we really have the right to execute death penalty to an accused? Is this act not a violation of human rights? Where did death penalty start? Does it really help lessen the growing crimes? Or can’t we just find another alternative to lessen crimes? These are some of my queries and up to now, I am trying to understand both arguments of pro and anti. I do understand why there are group of people support this kind of penalty or sentence. These are the group of people who want justice for those who are badly treated, abused and harmed; and most of these people also undergone such mistreatments or maybe their love ones. But how about if the accused is not really the one who commit the crime, is just frame up and does not have enough evidences to prove he is not guilty of it? And in practicing such law, does death penalty will not show biases, racism, and prejudices of whom the judiciaries will give such sentence? Furthermore, according to others that death penalty is the best way to control and lessen crimes. It has been an argument not only in the United States of America but as well as around the globe. The death penalty is well-thought-out by most cultured and enlightened nation-states as an inhumane and callous sentence or chastisement. In addition, death penalty has been de facto by 106 countries and since 1990, there were about 30 nation-states which have put an end to it. Moreover, the death penalty has continuously put into practice in some nations such as the Democratic Republic of Congo, the United States of America, Iran and China which are the most profuse executioners in the globe. However, international official papers have constrained and in several circumstances even banned the death penalty, its function and relevance does not contradict customary international law. Ample debates have continued in the United States of America as to whether it comprises a suitable chastisement at least to the most dreadful crimes (see â€Å"Human Rights: Death Penalty†. Derechos Human Rights). Moreover, this issue has been continually debated in United States of America due to its fact that racism is almost present every time a judge makes a sentence for the defendant or accused. The illustration below shows the racial breakdown of district Attorneys* in United States Death Penalty States and was taken from the website http://www. deathpenaltyinfo. org/article. php? scid=45&did=539. The focal points of this study are to: (1) understand what death penalty is; (2) figure out how death penalty arises or starts; (3) be aware of the different methods used to execute people; (4) recognize the religious views on death penalty; (5) find out if there is any racism involve in performing death penalty; and (2) acquaint us the number of executions performed and the race who faced death penalty due to racism in different states of United States of America; (6) know the public opinion polls on the death penalty issue; (7) learn the death penalty statistics and; (8) recommend possible remedies or alternatives to abolish death penalty. II. Background A. What is death penalty? Death penalty is considered as a capital punishment and is an execution of a convicted offender by the State which serves as chastisement for crimes committed which is recognized and called as capital offenses or capital crimes. Death penalty is the most discussed issue in penalizing or sentencing the convicted criminal. The term â€Å"capital† was taken from a Latin word â€Å"capitalis† that refers to â€Å"concerning the head†; thus, to be susceptible to capital punishment would simply refers to metaphorically lose one’s head. Moreover, the United States of America, majority of the Caribbean, Guatemala and other democracies in Africa and China continue to have its approval on death penalty but amongst of those democratic nations globally, majority of the European and Latin American states have put an end with the capital punishment. While on countries that are not democratic by nature, the death penalty execution is not unusual yet not practiced by all. There are certain crimes that are specified by laws that need to be sentenced with death penalty depending on countries where the crime committed. Nowadays, most countries that practiced and applied death penalty used it as a punishment for crimes such as treason, part of the military justice, murder and espionage. But for Muslim countries, death penalty is used as punishment for offenses such as sexual crimes (which include sodomy and adultery) and religious crimes like apostasy (abandonment of one’s faith and belief). There are countries too that considered drug trafficking as a capital offense and in China, serious cases of graft and corruption and human trafficking are sentenced by death penalty. But in the military world, death penalty is practiced for offenses like desertion, mutiny; insubordination and cowardice (Bailey, Harris, & Jones, 2005).

Book Report: The Hunger Games Essay

Characters: * Katniss Everdeen (girl on fire)

Vsm Group: Examination of Strategic Position and Development of a Competitive Strategy

1. INTRODUCTION Johnson, Scholes and Whittington (2005, p. 9) define strategy as the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through its configuration of resources and competencies with the aim of fulfilling stakeholder expectations. Strategy is therefore the long term direction of an organisation. Strategic Management can be defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives (David 1999, p. ). Strategic management therefore focuses on the activities of the organisation that contribute to the achievement of organisational success. These activities include management, marketing, financial management, operations management, research and development, and information systems. The strategic position of the VSM will be analysed by applying the analytical models of strategic management to the current situation in the company. The following models will be used to analyse both the internal and external environment of the company, namely, PESTEL, Five Forces Model, and the SWOT analysis The examination of the strategic position of VSM will involve analysing the strategy of the company with emphasis on the environment it operates in, its strategic capabilities, and how expectations affect organisational purposes and strategies. The analysis will conclude with a clear statement of the Key Issues and Critical Success factors. The strategic position of VSM will then be used as a base to develop an appropriate competitive strategy for the company. The development of the strategy will also take into account the organisational cultural issues prevailing in the company. 2. COMPANY OVERVIEW The VSM (Viking Sewing Machines) Group AB engages in the development, production, marketing, and sale of household sewing machines and related accessories, and software (BusinessWeek, 2008. VSM Group AB: Private Company Information, [internet]). The VSM Group currently has two brands, namely, Husqvarna Viking and Pfaff. The company produces several lines of sewing machines, the top being the Designer series and the lowest being the mechanical (non-computerised) Huskystars (Wikipedia 2007 [internet]). The company has manufacturing facilities in Sweden and the Czech Republic and produces top-of-the-line household sewing machines with related accessories and software. Each brand has its own unique and separate product line. According to BusinessWeek (VSM Group AB: Private Company Information, [internet]) the company was founded in 1689 and is headquartered in Huskvarna, Sweden. It has offices in many countries including Austria, Australia, Belgium, Canada, Denmark, France, Finland, Germany, Great Britain, Italy, Japan, Norway, Russia, Switzerland, the Czech Republic, Holland, and the United States of America. As of February 2006 the company was acquired by Singer Sewing Company (BusinessWeek, 2008. VSM Group AB: Private Company Information, [internet]). 3. STRATEGIC POSITION OF THE VSM GROUP The strategic position is concerned with the impact on strategy of the external environment, an organisation’s strategic capability (resources and competences) and the expectations and influence of stakeholders (Johnson et al 2005, p. 17). The strategic position of VSM Group will be examined by utilising the following factors, namely, the influence/impact of macro-environmental issues to the strategy, understanding the company’s strategic capability and how this strengthens the company’s competitive advantage, and thirdly how expectations shape organisational purposes and strategies. The impact of the macro-environment will be analysed using the PESTEL framework, Porter’s Five Forces Model, SWOT analysis and the competitive nature of VSM Group’s home base of Sweden. PESTEL identifies six main types of environmental influences, namely, political, economic, social, technological, environmental and legal. Each influence will be discussed hereunder. 3. 1. PESTEL Political variables †¢ Political stability in Sweden and the United States. †¢ The prevalence of foreign trade regulations in the USA. Economic variables †¢ Decline in demand for sewing machines in past two decades. †¢ Decline in industry profitability. †¢ Low sales in respect of Pfaff within three years of acquisition. †¢ High production costs in the German Pfaff plant. †¢ Investment by Juki and other industry players into the US market. Socio-cultural factors †¢ Not using a consultant for the strategic planning weekend meeting made the strategy process unstructured and was a shift from the company’s way of doing things. †¢ Encouraging participation in the strategy process by middle management through a series of seminars. †¢ The adoption of the strategy document changed workers’ attitudes. The strategy document served as a guide on operational matters. The mission statement was frequently promoted in the company’s public relations. †¢ Focus shift from technical features to customer satisfaction. Technological variables Extended support for business development to encourage retailers to carry the Husqvarna Viking product line exclusively. †¢ Cooperation with Jo-Ann Fabrics & Crafts, a large retailer of fabrics with over a thousand stores throughout the USA, setting up small sewing machine outlets inside their fabric stores. This lead to the introduction of ‘after-ma rket’ services such as training in sewing techniques, software for embroidery construction and ready-made embroidery patterns, spare parts and auxiliary sewing equipment. These after-market services are run by retailers. Customers were willing to pay as much as five to six thousand dollars on a three day course with a sewing expert. †¢ A new accounting system was installed in May 1999. †¢ The marketing and the technical development department also moved into the same office building in January 2000. This ensures that the two departments operate in sync from conception of product ideas to production and ultimately, the marketing of the product. †¢ Introduction of the Designer I model of sewing machine in 1999. The model made use of software to control the machine and contained no less than eight motors to cater for all functions. Customers could download upgrades from the internet site, save it onto the floppy disk that comes with the Designer I package and slide it into the built-in disk drive. This method of upgrading performance was new for sewing machines. †¢ The acquisition of Embroidery Networks Ltd (Emnet) in March 1999. Emnet produced software for PC-controlled professional sewing. With the advent of the internet people could exchange embroidery patterns through the internet or download them at the VSM website. VSM also expanded the number of software engineers from 3 to 17. Environmental variables Manufacture of environmentally friendly sewing machines. †¢ Manufacture of machines which do not consume much electricity. Legal variables †¢ Quality machines which are safe to use. †¢ Flexible labour legislation in Sweden and the USA. †¢ The mission statement pronouncement on the provision of growth opportunities for employees. 3. 2. Five Forces Model Porter identifies five basic f orces that can act on the organisation, namely, (1) the bargaining power of suppliers, (2) the bargaining power of buyers, (3) the threat of potential new entrants, (4) the threat of substitutes, and (5) the extent of competitive rivalry. The objective of the analysis is to investigate how VSM Group needs to form its strategy in order to develop opportunities in its environment and protect itself against competition and other threats. The bargaining power of suppliers The VSM Group restructured its operations when Pfaff in Germany and the Zetina plant in Czech Republic were taken over. Parts were now obtained from local suppliers and those from the Far East. This resulted in the reduction of costs by 50 per cent on key machine components concurrent with large improvements in quality and rejection rates. In this respect the suppliers’ bargaining power can be said to low. The bargaining power of buyers Buyers of VSM Group sewing machines have low bargaining power because the buyers are not concentrated in one geographical area. VSM is an international company and has a wide customer base. The products from VSM are greatly differentiated and therefore cannot be regarded as the same as those from other industry players. The threat of VSM Group buyers switching to other manufacturers is low. The threat of potential new entrants The ease with which new companies can enter the sewing and embroidery industries will increase the intensity of competitiveness among industry companies. High unit costs of production may present barriers to entry because they mean that any new entrant has to come in on a large scale in order to achieve the low cost levels of those already present in the industry. The current high technological advancements and innovation levels in VSM Group, strong customer loyalty to VSM Group, strong brand name, large initial capital requirements, government regulatory frameworks in Sweden and the USA, and superior products create barriers to entry for potential new entrants. The threat of substitutes The threat posed by substitute products by other manufacturers can be countered by continuous investment in technology and ‘after-market’ services by the VSM Group. The extent of competitive rivalry The sewing machine and embroidery industries are more competitive than other industries. The intensity of rivalry in the industry has increased with the coming into the industry of major manufacturing companies from the Far East. The decline in the demand for sewing machines and price cutting by VSM Group also increased rivalry among industry players. The differences in company strategies, origins (Europe and Far East) and culture (European and Japanese) increases rivalry as well. As rivalry among competing firms intensifies, industry profits decline, in some cases to the point where an industry becomes inherently unattractive (David 1999, p. 128). This statement manifests itself in the number of major manufacturers (Singer and Pfaff) who are going bankrupt. 3. 3. Identification of Key Issues: SWOT ANALYSIS A SWOT analysis summarises the key issues from the business environment and the strategic capability of an organisation that are most likely to impact on strategy development (Johnson et al 2005). It analyses the internal strengths and weaknesses, and external opportunities and threats. The following is a SWOT analysis of the VSM Group AB. SWOT analysis of VSM Group AB |Internal Strengths |Internal Weaknesses | |Market dominance in Europe. |Dependence on few product ranges. | |Leadership and management skills. |High production costs. | |Financial and cash resources. |Reliance on retailers for distribution. | |Manufacturing ability. |Lack of industry information. |Innovation processes and results. |Possession of two brands that compete in the same market. | |Reputation. | | |Product and service quality. | | |Differentiated brands. | | |One European currency – Euro. | | |External Opportunities |External Threats | |New markets and segments. |New market entrants. | |Free market economies arising in Asia. |Increased competition. | |Diversification opportunities. |Increased pressure from customers and suppliers. | |New takeover opportunities. |Substitutes. | |International growth. |Low market growth. | |Increased demand for sewing machines. |Economic cycle downturn. | |Competitor weakness. |Technological threat. | |Demographic and social change. |Change in political or economic environment. | |New international barriers to trade. | 3. 4The competitive nature of VSM’s home country What has become known as Porter’s Diamond suggests that there are inherent reasons why some nations are more competitive than others, and why some industries within nations are more competitive than others (Johnson 2005, p. 71). The model will be used to examine how the home base of VSM i. e. Sweden plays an important role in creating competitive advantage on a global scale for VSM. The following four decisive elements are identified: †¢ Availability of strengths in certain fields especially the automation and technological fields. The technological advancements made by the VSM Group in its Swedish operation since the beginning of the millennium gives it a competitive advantage over its rivals and enable it to compete internationally. †¢ High demand in the Sweden for VSM Group sewing machines provides the basis upon which the characteristics of the advantage of the company are shaped and leads to global dominance of the industry by VSM. †¢ Related and supporting industries in the Swedish economy, . e. , the presence of Bernina Fritz Gegauf AG means that the two companies benefit from each other. Bernina enjoyed a solid reputation and their product range resembled that of VSM with their top model accepting embroidery files developed for other brands including VSM. All these factors made Bernina an important quality benchmark for VSM. †¢ Domest ic rivalry with Bernina and the need by both companies to search for competitive advantage helped to provide the two companies with bases for achieving such advantage on a global scale. 3. 5. Foundations of strategic capability According to Johnson et al (2005, p. 17) strategic capability can be defined as the adequacy and suitability of the resources and competences of an organisation for it to survive and prosper. The strategic capability of a company refers to the resources that the organisation has and the way in which these resources are used. Resources and competences VSM’s resources can be considered under the following four broad categories: †¢ Physical resources – manufacturing plants in Sweden, USA and the Czech Republic. †¢ Financial resources – operating cash, budgets. †¢ Human resources – average number of employees (1,689). The intangible resources will refer to the skills and knowledge that the employees possess. †¢ Intellectual capital – the brand name VSM Group AB, business systems and customer databases. Threshold capabilities Threshold capabilities are those essential for the organisation to be able to compete in a given market (Johnson et al 2005). VSM’s threshold resources refer to: internet based developments, the acquired software company Emnet, increased number of engineers, and Pfaff. Unique resources and core competences The design of the VSM sewing machines make them unique resources in hat they give the company competitive advantage and other manufacturers find it difficult to imitate or copy the designs. VSM’s core competences refer to: the ‘Dealer-Partners’ programme, the cooperation with Jo-Ann Fabrics & Crafts, and the accompanying introduction of the ‘after-market’ services. All these strategies give VSM a competitive advantage. 3. 6 . Organisational culture analysis Johnson et al (2005, p. 47) define culture as the basic assumptions and beliefs that are shared by members of an organisation, that operate unconsciously and define in a basic taken-for-granted fashion an organisation’s view of itself and its environment. Every organisation has a culture and it includes values, beliefs, rites, language, metaphors, symbols and rituals. Culture derives from VSM’s past, present, current people, technology and physical resources, aims, objectives and values of those who work in the organisation. These cultural products can be used by strategists at VSM to influence and direct strategy formulation, implementation, and evaluation activities. The following cultural factors specific to VSM have been identified: †¢ The strategy process was changed to include, for the first time, both top and middle management. The involvement of middle managers had a positive effect on operations in that the strategy document was referred to as a guide on operational matters and the mission statement was frequently promoted in VSM’s public relations exercises. The strategy document was also regarded as an ongoing process which could be changed in response to changing situations in the company. †¢ Retailers were transformed into ‘Dealer-Partners’ which included extended business support to retailers to encourage them to deal only with the Husqvarna Viking product line. In the USA, VSM entered into a cooperation agreement with Jo-Ann Fabrics & Crafts to set up small sewing machine outlets inside their fabric stores. This lead to the introduction of ‘after-market’ services such as training in sewing techniques, software for embroidery construction and ready-made embroidery patterns, spare parts and auxiliary sewing equipment. These after-market services are run by retaile rs. Customers were willing to pay as much as five to six thousand dollars on a three day course with a sewing expert. In support of the company’s strategy the top management of the company was changed to accommodate the managers of the national sales companies as well as the marketing vice president. †¢ The operating systems also underwent major changes. A new accounting system was installed in May 1999 to assess accounting information in new ways to keep track of the various activities in the value chain. †¢ The acquisition of Pfaff upset some employees and pleased others. The company now had two brands which were competing for the same market. Former competitors were now brought to the same stable and the company faced a challenge of how to keep them apart on other dimensions than price and quality. †¢ The relocation of the German Karlsruhe operation to the Swedish Huskvarna plant resulted in only a handful of research and development engineers staying on. The company had to re-orientate the German engineers into the Swedish way of doing things since the engineering principles of the two countries were fundamentally different. 4. FORMULATION OF COMPETITIVE STRATEGY Long-term objectives represent the results expected from pursuing certain strategies (David 1999, p. 76). Strategies represent the actions to be taken to accomplish long-term objectives (David 1999, p. 176). Objectives take the generalities of the mission statement and turn them into more specific commitments: usually this will cover what is to be done and when the objective is to be completed (Lynch 2003, p. 440). Objectives will therefore possess the foll owing characteristics, namely, they should be measurable, realistic, understandable to all, hierarchical, achievable, and should contain time frames. Clearly communicated objectives, according to David (1999, p. 77), are vital to the success of the company as they provide a basis for consistent decision making by company managers and help stakeholders understand their role in the company. Formulating the competitive strategy for the VSM Group will consist of aligning the internal resources and skills and the external opportunities and risks. The alignment will make use of the Threats-Opportunities-Weaknesses-Strengths (TOWS) Matrix. The TOWS matrix will be developed based on the information obtained in the SWOT analysis of the VSM Group and will identify options that address different combination of the internal factors (strengths and weaknesses) and the external factors (opportunities and threats). 4. 1. Critical Success Factors: TOWS MATRIX Johnson et al (2005, p. 96) define criti cal success factors (CSFs) as the product features that are particularly valued by a group of customers and, therefore, where the organisation must excel to outperform competition. Critical success factors relate to the aspects of the competitive strategy in which a company must excel. The TOWS Matrix identifies four types of strategies, namely, SO Strategies, WO Strategies, ST Strategies, and WT Strategies. SO Strategies make use of the company’s internal strengths to take advantage of the external opportunities. WO Strategies take advantage of external opportunities to improve internal weaknesses. ST Strategies make use of the company’s strengths to avoid or reduce the impact of external threats. WT Strategies are defensive tactics directed at reducing internal weaknesses and avoiding environmental threats (David 1999, p. 81). The VSM Group TOWS Matrix | |Strengths (S) |Weaknesses (W) | |INTERNAL |Market dominance in Europe. |Dependence on few product ranges. | |FACTORS |Leadership and management skills. |High production costs. | |(IFAS) |Financial and cash resources. |Reliance on retailers. |EXTERNAL FACTORS |Manufacturing ability. |Lack of industry information. | |(EFAS) |Innovation processes and results. | | |Opportunities (O) |SO Strategies |WO Strategies | |New markets and segments. |Continued investment in Europe and the USA. |Explore new products and ranges. | |Free market economies arising in Asia. Penetrate high-end embroidery segment further. |Exploit mergers and takeovers. | |Diversification opportunities. | |Abandon high cost operations. | |New takeover opportunities. | |Diversify into new markets in Europe and Asia. | |International growth. | |Enhance retailer network which focuses on hobby | |One European currency – Euro | |segment. |Threats (T) |ST Strategies |WT Strategies | |New market entrants. |Emphasise after-market sales of accessories and |Withdraw from declining markets, etc. Germany. | |Increased competition. |software. |Increase brand awareness in current markets. | |Increased pressure from customers and suppliers. |Continued investment in Europe and the USA. |Reduce reliance on retailers. | |Substitutes. |Build on current management capacity. Where possible, develop barriers for new | |Low mar ket growth. | |entrants. | 2. Strategic options at VSM Group AB Development directions are the strategic options available to an organisation, in terms of products and market coverage, taking into account the strategic capability of the organisation and the expectations of stakeholders (Johnson et al 2005, p. 340). The following strategic options are proposed for the VSM Group: 1. Protect and build on current position Consolidation Consolidation is where organisations protect and strengthen their position in their current markets with current products (Johnson et al 2005, p. 342). The sewing market situation is forever changing and requires industry players to continuously innovate to improve the value of the products. The threat of new competitors or new entrants into the sewing industry means that VSM has to pay particular attention to how the company’s resources and skills should be adapted and developed to maintain its competitive advantage. Withdrawal by VSM from the German market should be regarded as consolidation. Market penetration A market penetration strategy seeks to increase market share for present products or services in present markets through greater marketing efforts (David 1999, p. 50). VSM should therefore strive to penetrate the high-end embroidery market further by utilising aggressive marketing efforts. These efforts should be focused on existing markets in the countries mentioned in the company overview. 2. Product development Product development refers to significant new product developments and not minor variations on an existing product. According to David (1999, p. 51) product development is a strategy that seeks to increase sales by improving or modifying present products or services. Continued development and innovation on the Designer series will counter new entrants into the market, will maintain the company’s reputation as an innovator, and will protect the company’s overall market share. 3. Market development Market development is where existing products are offered in new markets (Johnson et al 2005, p. 46). This may involve seeking new market segments, new geographical areas, or new uses for its products that will bring in new customers. Expansion to bring in new customers to the company for its existing company could involve some slight repackaging and then promotion to a new market segment. It will often involve selling the same product in new international markets, especially i n China and Asia. 4. Diversification: related markets Diversification is defined as a strategy that takes an organisation away from both its current markets and products (Johnson et al 2005, p. 46). When an organisation diversifies, it moves out of its current markets and products into new areas. Diversification carries with it an element of risk as it involves a step into the unknown. Moving into related markets however minimises the risk. VSM can diversify into related markets by becoming involved in the activities of its outputs such as distribution, transport, and logistics. 3. Methods of strategy development at VSM Group AB (Action Plan) A development method is the means by which any strategic direction will be pursued (Johnson et al 2005, p. 348). For an international company, VSM can use the following means of pursuing its strategic direction: acquisition and mergers, joint ventures and alliances, franchising, licensing, overseas offices, and overseas manufacture. 1. Acquisition and mergers Acquisition is where strategies are developed by taking over ownership of another organisation (Johnson et al 2005, p. 349). According to David (1999, p. 59), an acquisition occurs when a large organisation purchases a smaller one and vice versa. Mergers occur when two organisations of similar size unite to form one enterprise. The acquisition of Pfaff by the VSM Group represented a coup for VSM. The VSM Group had in its stable two strong brands that competed for the same market space. Acquisitions of manufacturing companies in the Far East would also assist VSM to break into new markets (market development), new technologies, and low cost raw materials. 2. Joint ventures and alliances A strategic alliance is where two or more organisations share resources and activities to pursue a strategy (Johnson et al 2005, p. 353). It is a form of weaker contractual agreement between two parent companies. A joint venture is the formation of a company whose shares are owned jointly by two parent companies (Lynch 2003, p. 483). In order to diversify into related markets and to access new markets like those in the Far East it will be crucial for VSM to form joint ventures and strategic alliances with current manufacturers namely, Brother, Janome or Juki. These types of agreements lock out other competitors, utilises joint expertise and commitment, and allows potential partners to learn about each other. 3. Franchise A franchise is a form of licensing agreement in the contractor provides the licensee with a pre-formed package of activity (Lynch 2003, p. 484). The package may include offers of the VSM Group brand name to retailers, technical service expertise and advertising assistance. This can be an attractive proposition to retailers willing to take up a franchise licence as it possesses lower risk and provides exclusive territory to the franchisee. This will also enhance dealer network which focuses on the hobby segment of the market 4. Licensing According to David (2003, p. 84) licensing refers to a situation where technology or other assets are provided under licence from the home country. Payment for such services is usually in the form of royalty or some form of arrangement. 5. Overseas offices The VSM Group has sales companies and representative offices in Europe, Russia, North America and Australia. The VSM Group could gain competitive advantage by expanding their operations into the Far East and Africa. These additional offices would provide a permanent presence for the VSM Group in those new markets. 6. Overseas manufacture The VSM Group currently has two manufacturing plants in Sweden and the Czech Republic. The establishment of new manufacturing plants in overseas countries like the USA carries risks for the company. However the risks may be offset through the savings that could be derived from no longer having to export to those overseas countries. 4. CONCLUSION Strategy was defined as the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through its configuration of resources and competencies with the aim of fulfilling stakeholder expectations. Strategic Management was also defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives. The strategic position of the VSM Group AB was analysed by applying the analytical models of strategic management to the current situation in the company. The following models were utilised to analyse both the internal and external environment of the company, namely, PESTEL, Five Forces Model, and the SWOT analysis. The examination of the strategic position of VSM Group involved analysing the strategy of the company with emphasis on the environment it operates in, its strategic capabilities, and how expectations affect organisational purposes and strategies. The analysis of the environment concluded with a clear statement of the Key Issues (SWOT Analysis) and Critical Success factors (TOWS Matrix). The strategic position of VSM Group was used as a base in the development of an appropriate competitive strategy for the company. The development of the strategy took into account the organisational cultural issues prevailing in the company. 5. BIBLIOGRAPHY 1. David, F. R. , 1999. Strategic Management. 7th ed. New Jersey: Prentice Hall. 2. http://investing. businessweek. com [accessed 08 May 2008] 3. http://en. wikipedia. org/wiki/VSM_Group_AB [accessed 08 May 2008] 4. Johnson, G. Scholes, K. & Whittington, R. , 2005. Exploring Corporate Strategy. 7th ed. Financial Times Prentice Hall. 5. Lynch, R. , 2003. Corporate Strategy. 3rd ed. Financial Times Prentice Hall.

Case study dealing with depression

Case study dealing with depression Depression is one of the most common and widespread psychiatric disorders in the UK. Of over 5000 British residents, approximately 5.9% of males and 4.2% of females suffer from depressive illnesses (Based on DSM-IV criteria) (Ohayon, 1999). Consequently there has been much emphasis on implementing techniques and psychotherapy to solve these issues and find effective treatments for depression. This essay will explore, psychodynamic and CBT therapy, in treating depression. There are clear disparities between these two forms of therapy in regards to their theoretical underpinnings as well as the arguments both for and against their effectiveness in treating depression. Throughout this review particular attention will be paid to the similar features which run through both approaches in order to gather a much more conclusive view regarding psychotherapy in the treatment of depression. The essay will begin by briefly outlining depression and discussing the development of psychotherapy in treating it. After this, psychodynamic therapy which is one of the most traditional psychotherapeutic methods of dealing with depression will be explored, in order to gather an understanding of its views on solving the problem of depression. Before moving on to compare this too, the much more modern and focused intervention CBT, developed by Beck (1979). After each approach has been outlined the essay will go on to critically evaluate each approach, firstly in terms of its empirical grounding in research before moving on to gather an understanding of the arguments regarding their theoretical grounding. Before finally going on to conclude as to what is the best option for dealing with such a common and problematic condition. Depression is a condition which is characterized by negative moods and unpleasant states of mind which can undermine our ability to function normally (Gilbert, 2007). In some cases people are born with a predisposition to depression through neurological disorders . However, for many others, depression is likely to occur as a consequence of changing life circumstances. (Hollon, Thase, & Markowitz, 2002) For many years clients were effectively treated with medicines such as anti-depressants. However, the stigma and the side effects that are associated with this medication, mean that many patients diagnosed with depression are reluctant to use them. A survey carried out by Priest, Vize, Roberts, Roberts and Tylee (1996) used questionnaires and interviews to discover the lay person’s beliefs and attitudes to pharmaceuticals as treatment of depression. The study found that 78% of the 2003 participants from across the UK, regarded antidepressants as negative and addictive. This demonstrates that the general public are still very sceptical about using medication as a quick fix to their depression. (Priest et al, 1996) Psychotherapists believe it is addressing the central psychological underpinnings of depression which is essential to long te rm recovery. (Gilbert, 2007) One of the first alternative forms of treatment was psychodynamic therapy. Psychodynamic therapy is based on the belief that that the majority of mental functioning occurs in our unconscious. Jacobs (2004) explains that, according to Freud the structure of the psyche is constructed from birth, and therefore the child’s relationship with significant others in the early years of their life, notably their mother and father, are vital to the individual’s future developments.

Women And Slavery Essay Example | Topics and Well Written Essays - 1000 words

Women And Slavery - Essay Example Slaves were owned by their masters, having no rights of their own. They were subject to brutal punishments often for false or whimsical reasons, depending upon the desire or mood of the master who owned them. Men were beaten and often killed by their masters for unavoidable human error. Deliberate offenses were punished by cruel torture, such as being left in the hot sun while restrained by a stock, after being beaten and horsewhipped on a bare back. â€Å"Patrollers† were men assigned to riding on horseback through areas to check for slaves off the plantations; runaways were punished. Both men and women runaways were branded on their cheeks with an R, signifying runaway. Male slaves who attempted to run away were beaten and had their tendons slashed on one leg so they couldn’t walk very well, much less run. Women were often beaten and raped by their masters to satisfy their base natures or to provide some form of entertainment; children were born of these events, were owned, like livestock. The slaves were frequently traded and sold in the open market at designated marketplaces. They were chained together and displayed in a public place. Each potential buyer would examine the slave they were interested in as livestock; the body, attitude, and minimal history of each slave was considered. Slaves social and work history were recorded along with their trade records; for example, it would list the name of the slave, the amount of pervious purchase, any significant social history, such as violence or mental instability, with the current asking price; often these histories were inaccurate. It was rare that families were allowed to remain together; each person being sold piecemeal, although, young children were usually left with their mothers until they were old enough to be useful as servants or laborers. Neighbors and other plantation owners developed a network for trading slaves. They often borrowed each other’s slaves during times of harvest or disaster. Towards the end of the slavery period, slaves, in preparation for transition, would obtain permission to rent themselves out to neighboring plantation owners in order to make money to buy their freedom. The Slave Codes born from the Negro Act of 1740 controlled every detailed aspect of slave life. The children usually wore no clothing until adolescence; then clothing of the poorest quality was distributed once a year by the master, occasionally winter clothing was issued at Christmas. The elderly or physically disabled slaves received nothing extra, neither warm clothing nor shoes. Slaves weren’t allowed to learn to read or write, neither could they assemble together, nor practice folk traditions, customs, or their religion. Plantation slaves often had more of a sense of community, because they usually worked together. They were often managed by a â€Å"driver† who was of their own community; making him responsible for the performance of every slave on the plantation. It often led to disputes among them, as he also had to be the one to deliver the required punishments. On the plantations, slaves lived in cabins they built for themselves; it was often just a lean to shack of one room, urban slaves lived in the attics or back rooms of the master’s home. Slaves lined up weekly, usually on Saturdays, at a central location on the plantation, usually near the area where butchering was done to receive their weekly rations of food; their diets were poor, usually very high in meat fat and starch. They received flour, molasses, peas and beans, lard, cornmeal, and a poor cut of scrap meat. (From this is comes the tradition some companies still have