Partnership in Children and Youngsters

Task A Why is it important for children and young people that you work in partnership with the following people/groups? Parent's, careers, guardians This partnership is very Important because parent's or careers need to trust the nursery and staff that work there. They will expect the best quality of care for their child. Partnering well with the parent or career of the child will increase good communication Including sharing Important information regarding the child needs, wants and development .Building trust with parent's or careers will result in them knowing that the nursery Is a very good place for their child as It offers a great amount of help and support, which is especially important for new parent's or careers. Other professionals It is also important to partner with other professionals as they will offer the support and services, where needed, to improve the overall development of the child. For example, a speech and language therapist may assist a child with communicatio n difficulties. Another example would be a play therapist to diagnose, prevent or resolve a child with psychosocial challenges.Multi disciplinary teams It Is very important that everyone in a multi disciplinary team work in partnership. For the best results, all information must be available. This enables different disciplines to share their skills resulting in more effective support and outcomes for the child. Colleagues Working closely with colleagues and sharing information, such as observations, can add to a greater understanding of the child and their development. Working as a partnership helps to provide a good level of care. It also helps develop the skills across the staff team, as well as providing more effective learning & play environment.Identify from within your chosen work setting three relevant partners for communication and information sharing. Social Services OFFSET Speech and Language Therapist What three characteristics define an effective working partnership? Sup portive – tofu contact and understand. Trustworthy – Will not break confidentiality and is reliable. List three examples of potential barriers to effective partnership working. Breach of confidentiality The practitioner may mistakenly share the information with other people who are not related to the case which may cause inconvenience and distrust to the people involved.Inaccurate policies and procedures The policies may not be clear enough for the practitioner to understand and follow and may be wrong written or not up to date which may cause the practitioner to make a mistake. Lack of effective leadership The manager does not support staff and does not provide regular staff training. Task B Give two reasons why clear and effective information between partners is important. If unclear information given between partners, important details could be misheard causing the partners to make mistakes in their practice leading to disruption, health and safety risks etc.It is a lso important to pass clear and effective information between partners as it boosts the professionalism in the practice. Identify one policy and one procedure from children or young person's work setting for sharing information. The staff will never discuss a child with another parent or career. All members of staff are bound by confidentiality, however, it must be understood that if at any time the interest of a child is considered to be â€Å"at risk† then the nursery must break this confidentiality and take appropriate action. In the event information with staff on a â€Å"need to know' basis.

Final Exam Hrdv 5700

Final Exam HRDV 5700 Career Management Recommendation 1. Executive Summary A brief summary of your recommendation and key points 2. Recommendation I am recommending a restructuring of employee mentorship and incentive programs to increase employee morale and decrease turnover. a) Mandatory Employee Goal Statements b) Upper Management Mentorship Twice a Quarter Upper Management team members will provide employees with Goal feedback and assessment * Twice a Quarter Mini Management Training Seminars c) Goal Completion Incentive Packages for Sales Team Members * Sales workers will receive predetermined incentives for meeting company sales goals d) Employee Commitment Bonus for Hourly Employees * Predetermined completion incentives will be set to encourage superior employee practices. Ie 90 days of time arrival will earn you an extra hour of lunch breaks, which can be saved to total up to one full day off then the record, will restart. . Justification This recommendation is being offered due employee evaluations that overwhelming viewed employer involvement in career management as almost non-existent. e) Employee Evaluations * Employees were interviewed and asked a standard set of questions to determine their view on employee Career Management. 4. Background f) History of the Issue: * Blanks Family Paper Company: midsize paper company located in the Midwest. * Current Employee Career Management Practices: None * Current Rational: Work and Get Paid Only Feature Article Fin 486 Final ExamCurrent Basis for hourly employees is work 40 hours and get paid for 40 with no incentives. Current incentive for sale worker: 8% of sales. With no sales incentives. g) Symptoms vs. Causes: * Blanks Family Paper Company current increased turnover from 2010 to 2011, increase in HR Complaints, overall moral is all what have called a need for Employee Career Management standards. * Increased turnover, and decrease in sales have been the major sparks for change. * After interviews, employee surveys, and irrefutable turnover percentage have all been used to gauge this need for change. ) Cost Implications: * Cost and Benefit Statement * What are the annualized costs and benefits? * Do the benefits outweigh the costs? * What will be the impact on the HR budget? i) Legal Implications: * There are no foreseen legal implications. But all newly implement practices will be evaluated annually by an outside law firm to check for any discrepancies. j) Relationship Implications: * The employees have voiced their concerns thoroughly and responding positively to all suggest forms of Career Management Reform. Supervisors and Managers should be ready and willing to implement these changes. Implementations of the new changes will prove to be beneficial to all employees. Increased company moral is always a positive * These changes will have a positive effect on retention and recruiting. Employees will be willing to stay at a company who values more than the time on the clock but also the lives that are developing. Furthermore, increased company moral and proven healthy and positive Employee Career Management Program will be an huge selling point in company recruitment.It is a major seller of college graduates who desire a career and not just a job. * Outside critics should likely be impressed by our company’s new direction and involvement in the wellbeing of our employees. * Will it impact recruiting and retention. k) Other company practices: * Solutions for Boosting Moral According to Forbes. com: a) Greenbacks are nice, of course, but barring those, Nelson discovered that most employees crave communication, involvement and autonomy. While a hearty pat on the back always feels good, extra attention and sense of ownership feel even better. ) â€Å"Every employee should be given the chance to determine how best to do their jobs, as well as increased authority and leeway in the handling of company resources,† says Nelson. c) Arbill, a Philadelphia-based workplace-safety consultancy, takes that observation to heart. The company boosts morale by giving the troops more responsibility. â€Å"We created employee committees to do things like set up a health fair, a food co-op and other [projects],† says chief executive Julie Copeland. d) But the extra work doesn't just make people feel good. Watching how employees manage these committees helps us create a great bench of leaders for the company,† says Copelan d. e) Taking an interest in your employees also means investing in their future. That's why training and development opportunities are energizing perks. Check out the local community colleges and university-extension departments for affordable classes, and foot part or all of the tuition for eager employees. f) Company picnics? Chuck them. Employees don't care–in fact, they find them a burden. Better to grant the flexibility for personal time to handle family obligations.Four-day work weeks are becoming popular (though they come with their own  complications). If possible, consider letting people work from home one day a week–with gas at $4 a gallon, that savings will feel a like a holiday bonus. * Solutions for Battling Employee Turnover According to NFIB. com a) Surveys Employee satisfaction surveys can get to the root of workplace dissatisfaction. You might find that some people are leaving for better pay or benefits, whereas others feel they haven’t receiv ed sufficient training.Surveys set an expectation that management will act on the findings, so be sure to publish a follow-up plan of action afterwards. b) Happiness Assessments Mary Miller, CEO of janitorial services company JANCOA, says annual turnover at her company used to be over 360%. â€Å"Come 5 o’clock every day we were trying to figure out how we were going to get buildings cleaned,† she recalls. But Miller found that addressing employees’ happiness outside of the workplace trumped other methods for improving retention at her Cincinnati-based company.She started holding group conversations with employees to discuss what problems they faced in their personal lives—and what would make them happier overall. The company created a program called Dream Manager, whereby teams use creative ways to help employees achieve their dreams. In one case, two workers temporarily swapped schedules so that one could take a music production class. â€Å"Studies sh ow that turnover rarely has anything to do with money,† Miller says. Through this program, Miller says she’s lowered the turnover rate to 45%. c) Hiring Practices â€Å"Most companies don’t track their quality of hire,† says Quinn.They fail to examine retention among their best people, and so they don’t determine why their top performers are leaving. Revisit your employee selection process. Maybe conducting better interviews could weed out people who aren’t a good fit. Miller says she avoids hiring people who are concerned solely with money or don’t have any future vision for themselves. d) Consultants An outside consultant may help get more honest responses from employees and uncover blind spots in your practices. They may do on-site interviews to get to the source of dissatisfaction, and then propose solutions.They’ll also review human resources data such as exit interviews and performance metrics to look for areas for improve ment. 5. Timing: * These implementations can be presented and started almost immediately. However, I would Sales Employees a month to make any adjustments to their sales tactics that they deem necessary. 6. Evaluation of Alternatives * Alternative: Keeping the Current Employee Career Management as is. * Advantages: * No new investments will have to be made. * Employees will not have to restructure their current method of work * Disadvantages The very obvious dissatisfaction from employees will have not been address * Turnover will also not be addressed and will continue to be an issue and a non-selling point for recruitment. 7. Implementation * Specific Actions to be Taken and Time Table: * Complete Analysis of Verbal Surveys: 1 Month * Management Training for Mini-Management Training Seminars: 2 Months * Introduction of New Career Management Program to Hourly Workers and Sales Team: 1 Staff Meeting * Begin New Program: 1 Month after Introduction 8. Appendices (samples of forms used )

Initiation Story Araby by James Joyce Essay Example | Topics and Well Written Essays - 750 words

Initiation Story Araby by James Joyce - Essay Example idered to be a person who gains notoriety as a result of showing great courage or nobility of purpose in the accomplishment of a deed or a lifetime (â€Å"Aristotle†, 1998). However, when one speaks of the hero journey, one is almost always confronted with a young character who transforms from the illusions of a child into the realities of an adult. The three major stages of the initiation process can be traced through a number of stories including James Joyce’s short story â€Å"Araby.† The first stage of the initiation process is the understanding that some kind of action is required by the individual. â€Å"Some kind of shock occurs that makes one aware of the self† (Garbis, 2002). This shock initiates the maturation process typically around the early teen years. It is an essential element of the initiation process as it forces the individual to separate from the comfortable environment and discover personal feelings and attitudes in order to solve a problem. Joyce’s story begins on a small street, North Richmond Street, in a small area of town in which life seems relatively bland. Everything is described in shadowed tones as the narrator, a young boy, provides the details of his evening romps with his friends illustrating the ways in which he is a part of the crowd. However, the one illuminated figure in this early segment of the story is the figure of Mangan’s sister. In this image, the narrator becomes separated from the rest, suddenly sol itary as â€Å"every morning I lay on the floor in the front parlour watching her door. The blind was pulled down to within an inch of the sash so that I could not be seen† (Joyce). In describing his actions, the boy is undoubtedly alone and isolated as he encounters new feelings and impressions that are completely new to him. In volunteering to bring something back for her from Araby, the grand bazaar, the boy begins the journey stage of the initiation process. It is during this stage that the young person

PSY 365 Psychology of Diversity Essay Example | Topics and Well Written Essays - 1000 words

PSY 365 Psychology of Diversity - Essay Example At the seminar students volunteered to participate and completed the first questionnaire. Some of these were subsequently located in the United States and completed mail surveys. Ultimately the sample of 155 completed all questionnaires. The participants pursued graduate education in thirty-one American states, with the highest concentration in California followed by New, and Michigan, Oklahoma, and West Virginia. The variables measured were: acculturative stressors, affiliation with Taiwanese and Americans, English competence and their effect on adjustment. There were two control variables mentioned; these were the need to improve one’s English ability and extroversion. There were several hypotheses related to the effect that ethnic density would have on the variables acculturative stressors, affiliation with Taiwanese and Americans and English competence, and the resulting effect of these on adjustment. The authors sum up the hypotheses thus, â€Å"In sum, we hypothesized that acculturative stressors, affiliation with Americans, and English competency would be greater while affiliation with Taiwanese would be less for students in lower ethnic density schools as compared to those in higher ethnic density schools by the second semester. Furthermore, adjustment in the third semester would be predicted by acculturative stressors, affiliation with Americans, and English competence on low er ethnic density campuses, but affiliation with Taiwanese on higher ethnic density campuses, controlling for extroversion and baseline English ability†. The results of the study showed that in fact when there were more Taiwanese students on the campus there was more affiliation with them. On schools with moderate numbers of Taiwanese students there was indeed greater affiliation with Americans and better English competence. However the presence of acculturative stressors, affiliation with Americans and English competence enhanced adjustment only

Carrico Ending 42 Years On High Court Research Paper

Carrico Ending 42 Years On High Court - Research Paper Example Appointed judiciary members, unlike elected ones, are likely to be impartial. Effective judiciary systems are those that consist of appointed judges because they do not have to seek popularity among the masses, unlike the elected judges do. Mandatory retirement provisions ensure that the judiciary remains effective in delivering quality public service. They establish racial and gender equality among male and female, white and non-white judges. These provisions allow for continuity in the judiciary with the incorporation of fresh talent from young judges. Carrico Ending 42 Years on High Court Ethical advantages and disadvantages of an appointed vs. an elected judiciary There is a current tag of forces in various American states as they consider switching from appointing their members of judiciary to electing them. One of these States is Tennessee, where the judicial bench has always been appointed since the 1970s, but the system is being flawed by conservative legislators whose opinio n is that appointed judges are unaccountable to the electorate. Accountability is thus one of the greatest advantages of an elected judiciary as opposed to an appointed one. ... Besides, majority of the public is disinterested in judicial elections and would not give them the attention given to presidential elections, for example. This means that the current judges who would be most profound would be easily believed by the public leading to voting back incumbent judges regardless of their suitability for the positions. On the other hand, appointed judges are in a better position to do their work in a non-partisan manner, without their rulings being influenced by the opinions of their electorate. Electing members of the judiciary thus has a disadvantage of influencing elected judges to rule in favor of popular opinion (Packer, 2007). Putting judges in a position to seek votes from the public also means that they have to seek funds to drive their campaigns. Those who grant them funds would often have vested interests in the judges perhaps to influence the outcome of certain cases, which creates a opportunity for corruption in the electoral system of the judici ary. Appointing judges for lengthy periods of time or for a lifetime has also been a successful way of running the judicial system as in the case of retiring Chief Justice Carrico, who has served at the high court for 42 years without compromising his standards of service. When members of the judiciary are appointed for lengthy periods, they are not put in any compromising situation to woo the public and other supporters for anything. This ensures that they carry on their duties with diligence without compromising their duties and positions. This has been successful with Carrico and it can be with other judges as well, as long as periodic performance reviews are carried out to determine whether they remain on the bench or not. Ethical advantages of

Organization and Group Process Coursework Example | Topics and Well Written Essays - 1500 words

Organization and Group Process - Coursework Example The facilities that organizations use in the course of operation require a lot of monitoring so that they can remain relevant to the process and this requires the leadership or the management team to provide necessary resources to achieve the set goals. This necessary in all organization including the education department where there are various demands that leaders need to put into consideration to come up with strategies to enhance learning for all the students (Passino, 2004). In order to achieve a conducive learning environment for all students, district leader can apply various plans that will ensure that all of them can achieve the most out of their learning. This means the that a district leader will need to have a good understanding of the stakeholders of education in a certain environment in that they will understand the needs of all of them and come up with ways to address them specifically. In order to optimize the learning environment in a district, a leader will need to understand the norms of the people he or she is leaders so that to get the understanding of why people behave in certain ways while they are in the environment. This will ensure that the leader will be able to introduce a plan that will maximize on the various ways those stakeholders have been doing their own things. In order to optimize the learning environment, a district leader will need to understand the organizational structure of the learning institution he or she leads to come up with a plan through which he or she can make communication. The understanding of the organizational structure will ensure that a district leader will be able plan of the best way to ensure that information flows in efficient ways that will ensure that there are no delays and the target gets it with ease (Passino, 2004). To achieve the goal of creating and sustaining an optimal learning environment, there are different things that a district leader will need to carry out the necessary program evaluati on to determine them that are productive and others that may not be necessary. The evaluation will eliminate the unproductive program and optimize on those that give little results and ensure that they improve on the processes that are necessary in implementation of learning. The process of program evaluation will need to be carried out regularly to track on the progress of the programs that are introduced at different times in the course of evaluation and change. This will ensure that all the programs are able to optimize on the available resources that will ensure that minimum losses are made and that all that is invested resources produce the best at such conditions (Doyle, 2008). In the process of optimizing the learning environment, there are different principle and models through which leaders achieve the process of enhancing learning in a district. These models target to maximize the resources by providing a good platform for participation of all stakeholders as well as ensur ing a good control of conditions of that they implement to have the students benefit. One of the models through which a district leader can use to optimize on the learning environment is the action research model whereby the he or she seeks to obtain empirical data that can be used to inform the various things that happen in the organization. Through the action resear

Write a case study of a contemporary ecotourism issue in which you Essay

Write a case study of a contemporary ecotourism issue in which you integrate aspects of theory and practice from a wide range of material - Essay Example In the third section I will give examples of elements that threaten to saturate the carrying capacity of nature based tourism in Kenya. In the fourth and final section I will give a brief historical account of ecotourisms presence in Kenya and give ways in which it can be a possible source of sustainable development in the future. Part 1: What does sustainable development really mean? The most common definition of sustainable development is: development which meets the needs of the present without compromising the ability of future generations to meet their own needs (World Commission on Environment and Development, 1987).ï ¾ µ In essence, for sustainable development to occur there must be some sort of trade-off between the aspirations of the present and those of the future. Successful management of resources is the cornerstone of sustainable development. Creating sustainable development is especially important to nature based tourism because it completely relies on an ecological re source that is usually non-renewable and irreplaceable. Once the environmental resource has developed past the point where it is no longer attractive to perspective tourist the entire economy of the dependent host community will collapse. The maximum amount of positive development that can occur is determined by the carrying capacity. The carrying capacity is the saturation point where anymore development will result in the degeneration of future resources. All nature-based tourism locations have limited ecological, aesthetic, and social carrying capacities. The ecological carrying capacity is reached when the number of visitors starts to have a negative impact on the wildlife and environment (Whelan, p. 11.). The aesthetic carrying capacity is reached when tourists encounter so many other tourists that the intrinsic value of the beauty of the environment is marred (Whelan, p. 11). The social carrying capacity is reached when the number of tourist in relation to the host population

How Modern Business Can Remain Competitive Essay

How Modern Business Can Remain Competitive - Essay Example The concept of adopting Best Practices has ensured that many organizations, in varying degree have incorporated means of addressing above areas successfully, copying from the pioneers and thus nullifying the competitive advantages, which was developed by these early developers. In today’s globalize scenario, the competitive advantage lies in the manner an organization manages itself and specifically derive a competitive advantage through its human capital. Therefore, it is of crucial importance that companies develop their remuneration strategies to reward performance that will drive the organizational success. Evidence that the business environment is increasingly competitive is everywhere. Greater Free Trade has facilitated the movement of not only the traded goods but the factors of production as well. Organizations seeking competitive advantages are increasingly seeking out global locations, which offer a comparative advantage in terms of their factor endowment (Hill 2004). More and more companies from the developed world are moving its labor-intensive production facilities to low labor cost countries in the developing world. This is also facilitating an unprecedented level of technology transfer and facilitating the competitiveness of these developing nations’ products in terms of quality, efficiency, and productivity. Today developing countries like China, India, and Mexico pose cost competitions on an unprecedented scale for the world players, especially those who are operating in high wage cost in developed nations.   Thus it is of paramount importance that organizations in developed nations adopt their own strategies in managing their organizations, specifically the human capital to seek out areas of competitive advantage. This involves increasing productivity, efficiency and reducing costs through numerous aspects of Human Resource management involving better selection and recruitment, development and training, fostering of learning environments, fostering innovation, performance management and implementing effective rewarding strategies to drive performance.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  

The various stages in the development of warfare Essay Example for Free

The various stages in the development of warfare Essay Technology defines the strategic agenda of a nation at any given time; in particular, the concepts of war, crisis, terrorism and therefore military warfare. Military technology has allowed for Inter-Continental Ballistic Missiles, Precision Guided Munitions, Long Range Theatre Nuclear Weapons, Ballistic Missile-Carrying Submarines and many more. New military concepts have arisen out from the advancement of military technology, for example arms races or Mutually Assured Destruction; all of these complex military terminologies were unheard of in the middle of the 19th century, therefore showing how drastic warfare has developed since then. As military warfare has an extremely strong influence on the state of international relations as it affects the balance of power and the polarity of the world, it is important to understand both why and how the wars that happen today have expanded. The industrial revolution in the middle of the 19th century brought about a fundamental transformation in military technology; gone were the cavalry wars with spears as weapons and castles as defence, in was the mass production of war machinery. Nearly every aspect of warfare changed, and has been advancing and increasing ever since. The firepower of guns and bombs evolved from 3/4 rounds per minute muzzle loading muskets to machine guns capable of firing 650 rounds per minute1; although first used in the 1883 American Civil War which led to 600,000 dead, machine guns were widely used in World War One and helped make 400,0002 British casualties in the Battle of the Somme. From the middle of the 20th century the focus moved to weapons of mass destruction, in particular nuclear weapons, where technology allowed for more range and accuracy, and ICBMs and PGMs are capable of wiping out whole towns. Due to this, war has extended from armies to ordinary civilians, therefore potentially increasing death tolls and creating more fear among inhabitants of a country at war as attacks can be secret. The mobility and transport of armies has also changed which has an effect on the development of warfare; the pre-mid 19th century wooden sail powered ships with cannons used during many of the British invasions of India, Australia and Africa proved impractical and from the 1870s onwards, iron steam powered battleships were built. This allowed for access to enemy lands by sea with a lower risk of being sunk, and so invasions became easier, for example the Boer War from 1899 to 1902. The industrial revolution of the mid 1800s created advanced railways so soldiers could be deployed rapidly; this increased the speed of wars from the traditional wars on foot, and prevented enemy stated from having time to prepare for war. The introduction of the motorcar in the beginning of the 20th century also helped the mobility of warfare, with army trucks being used in most of the wars since then; in addition, the invention of tanks and submarines combined strong defence with the ability to attack, therefore causing more damage with fewer home casualties. The development of aircraft since the mid 19th century has been extremely significant; the first victims of air war were Arab villagers in Libya during the Italian war on Turkey 1911-123, and although aircraft was used in World War One, the turning point of air warfare was the Second World War, where the Blitzkrieg strikes on British civilian towns by the German Luftwaffe created a new warfare that involved ordinary inhabitants. Similarly, in recent air strikes on Afghanistan and Iraq by technologically advanced fighter planes such as B-1 and B52 bombers have further increased the speed and devastation caused by war. Protection has also changed over the years, from impractical individual heavy metal armour used by armies before the mid 19th century to much more alternative methods of protection. In World War One, the use of trenches to protect soldiers proved ineffective, however the civilian attacks during the Second World War meant that new types of protection were introduced: air raid sirens, blackouts and gas masks from enemy air warfare. Technology in the late 20th century extended methods of protection to Electronic Counter Measures to locate enemy weapons even before they are deployed the ultimate method of protection. This would not have been possible without the advancement in artificial intelligence through sophisticated computers to perform operations such as detecting long-range missiles from satellite cameras. The advancement of military warfare is due to a number of things: the progression of science and development of human intelligence mainly as a result of better education and more of a desire to be all-knowing has created more effective and practical ideas for warfare. In addition, the influx capitalism after the industrial revolution has meant that the munitions industry has profit to be made, and as capitalism seems ever increasing the production of weapons has also amplified. Also, countries around the world have increased their defence spending budgets therefore more money is constantly being spent on inventing the best, most destructive, powerful weapons. This, along with the enlarged competition between states to have the most advanced technological warfare machinery has led to a number of disputes which set the agenda for international relations at the time. The Cold War between Russia and the United States from the middle of the 20th century until the collapse of the Soviet Union mainly consisted of an unofficial arms race: repeated, competitive and reciprocal adjustments of their war making capacities between two nations4, with both countries building up baroque arsenals of ICBMs and the most advanced nuclear bombs. Action-Reaction models such as the Cold War creates a security dilemma not just for those involved but for the whole world: An action by any state to increase its military strength will raise the level of threat seen by other states and cause them to react by increasing their own strength5. An example of this recently could be the nuclear proliferation of the nine states who presently have nuclear weapons; countries who dont have nuclear arms may feel threatened by those who do and wish to build up their arms, and so this potential horizontal proliferation would in turn make those who have arms build up theirs even more, creating increased vertical proliferation. Nuclear multi-polarity in the world is likely to be dangerous as there is more chance of rogue states using their weapons and creating more prolific, devastating wars. While many argue the move to nuclear warfare is better than outdated methods of warfare such as battles as it creates deterrence between states to use their weapons. This could be proven by the fact that since the invention of nuclear weapons in the middle of the 20th century there has been no nuclear wars; however the example of the United States atomic bomb on Hiroshima and Nagasaki in 1945 show how much devastation and horror they could cause. Also, the new threat of biological and chemical weapons has added to the potential threat of large-scale modern warfare that no longer involves a countrys army only; it seems like the world could potentially be moving into a second nuclear age. The progress between offensive and defensive warfare has also changed since the middle of the 19th century; however it seems to have followed a regular pattern. Pre 19th century cavalry wars were largely offensive wars, with attacks on foot and high casualties; the first World War consisted of mainly defence tactics like building extensive trenches; the second World War was again offensive, with air warfare bombing campaigns; the evolution of nuclear arms is largely as a defence mechanism, for example the concept of Mutually Assured Destruction; and recent wars such as the US attacks on Iraq and Afghanistan have been mostly offensive bombing campaigns. Another factor to consider of how warfare has changed is how the world is not entirely a multi-polar earth; recently, it seems like a potentially unstable combination of unifying centripetal and separating centrifugal forces struggling over the periphery. In addition, the threat of non state actors has also changed warfare; until recently, the enemy could be located in one state, however the main problem for western democracies in international relations today is the threat of terrorism, with the Al Quaida network appearing all over the world. This creates the problem of not knowing where to attack, and counties such as America attacking countries like Afghanistan just because they believe they were harbouring terrorists after the September the 11th attacks. It is likely that warfare technology will advance in the future despite the disarmament issue over the past few decades. While superpower countries like the United States continue with their arms building, refuse to ratify the Nuclear Test Ban Treaty or participate in talks regarding the Antiballistic Missile Treaty in June, and continue to own 95% of the 31,000-plus nuclear weapons along with Russia6, the Doomsday Clock might actually reach midnight. After World War One, Sir Edward Grey said that the horrors of the Great War would make it possible for states to find as least one common ground on which they should come together in confident understanding: an agreement that, in the disputes between them, war must be ruled out as a means of settlement that entails ruin7. Obviously, this idea seems much too idealistic when we look back at the technological advancements in warfare since World War One, which can maybe suggest that states will always dispute and technology will always adva nce the terrifying thought of a future super-war is very possible. BIBLIOGRAPHY Buzan, Barry, Strategic Studies: Military Technology and International Relations, London: Macmillan, 1987 Freedman, Lawrence, The Evolution of Nuclear Strategy, London: Macmillan, 1989 Goldstein, Joshua, International Relations, New York: Longman, 1999 Gray, Colin, The Second Nuclear Age, Boulder, CO: Lynne Rienner, 1999 Waltz, Kenneth, Man, the State and War, New York: Colombia University Press, 1959 www.thebulletin.org 1 Buzan, Barry, Strategic Studies: Military Technology and International Relations, London: Macmillan, 1987 2 http://www.phoenixpress.co.uk/articles/events/somme-battle-of-pp.asp 3 Freedman, Lawrence, The Evolution of Nuclear Strategy, London: Macmillan, 1989, p4 4 Steiner, Barry, Arms Races, Diplomacy and Recurring Behaviour: Lessons from Two Cases, Beverly Hills: Sage, 1973 5 Rathjens, G. W., The Dynamics of the Arms Race, in Herbert York (ed.), Arms Control, San Francisco: Freeman, 1973 6 www.thebulletin.org 7 Grey, Edward, Twenty Five Years, New York: Frederick A Stokes Co., 1925, p285

Sedaris Essay Through the Readers Eyes Essay Example for Free

Sedaris Essay Through the Readers Eyes Essay David Sedaris’ â€Å"Me Talk Pretty One Day† adds a comedic touch to his experience of learning a foreign language. The essay takes place in France where he is taking a French class to learn the language; he believes this class will be simple. His professor verbally attacks each student, which defeats Sedaris’ spirit for learning the language. He recognizes his language skills are not up to par with his classmates so he studies every night. He then stops participating in class because he feels that everything he says is incorrect. Sedaris realizes learning a language can’t be done with just textbook concepts but with understanding the language itself through experience. Sedaris uses descriptive language and comedy to appeal to his audience and keep them interested. Sedaris uses descriptive language to keep the readers interest through the story. When a classmate fails to know a verb tense Sedaris described that â€Å"the teacher poked her eyelid with a freshly sharpen pencil† (585). Sedaris uses words that describe the scene exactly as the reader would see it through their own eyes. He uses colorful words to paint a picture in our minds. This descriptive language keeps the reader alert to what is happening in the essay. Also in Sedaris’ essay, since he does not completely understand what his teacher says he creates jargon to substitute for some of the words. Sedaris’ writes, â€Å"If you not meimslsxp or lgpdmurct by this time, then you should not be in this room† (555). Having jargon in the essay keeps the readers engaged because at first glance you may over look these words, but looking deeper you see that Sedaris really doesn’t understand the key words his professor is saying. Sedaris essay is uneventful and could be characterized as dry but with his humor it helps bring the essay to life to keep the reader on their toes. His style of writing grabs the reader’ attention and keeps it throughout the essay by using humor and painting a picture. Worked Citied Sedaris, David. Me Talk Pretty One Day. 100 Greatest Essay. 4th ed. New York: Penguin Academics, 2008. Print.

The eight Stages of Development

The eight Stages of Development Article: A Personality Measure of Erikson ´s Life Stages: The Inventory of Psychosocial Balance Source: Journal of Personal Assessment, 1990 Summary: Theses article deals with all the eight Erikson ´s psychosocial stages. A pool of 208 items that survived a clinical analysis was administered to 528 subjects and then factor analyzed. It focuses on life-span development. Due to this fact, the study reports on the development and initial validation of an instrument, the Inventory of psychosocial balance (IPB). It was designed to measure all eight stages, with a primary focus on its implementation to adult subjects. The method is composed of a scale development, subjects and a factor analysis. The analysis of Ericson`s eight stages resulted in an initial pool of 346 items, written to reflect both positive and negative aspects of the eight stages. Each item was five-point Likert response format ranging from strongly agree (1) to strongly disagree (5). In addition the pool was administered to 528 subjects. The sample was quite heterogeneous. The respondent had to rate 0%-100% scale, how successfully they had met each of 19 life challe nges for example productive person, trusting other people or loving someone etc. The 528 IPB protocols were submitted to a factor analysis using a principal component and a correlational analysis with self-ratings of life challenges. The factor analysis eight meaningful factors corresponding to the eight stage: trust, autonomy, initiative, industry, identity, intimacy, generativity and ego integrity. The total variance accounted for by the eight factors is 72,34 %, with the trust factor having the largest percentage of variance (17,46%) and the Ego Integrity factor having the smallest (5,47%). The evidence presented suggests that the IPB is an psychometrically reliable and valid instrument to analyze life-span to approach personality development. The IPB shows adaptive range of subjects , from college age adolescents to elderly and its reliability and validity appear satisfactory. The IPB represents a vertical translation of Erikson`s psychosocial stages. 2. Article: Psychology Development and Friendship Functions in Adolescence Source: Sex Roles, Vol. 25 Summary: The articles is about the relationship between friendship variables and adolescent psychosocial development, in particular identity and psychosocial intimacy as focused by Erikson. This research includes sex differences. Erikson rather did not explicitly postulate differentepigenetic charts for males and females, nor did he suggest different processes for males and females in terms of movement through the experiences of crisis and commitment at each stage of development. The aim of the present research was to investigate different styles of identity and intimacy development through examination (a) of whether the sexes differed in their relative proportions across these different styles, and (b) whether specific friendship beliefs and characteristics were associated with the different styles. The styles were defined by establishing four groups based on high and low scoring on the identity and intimacy measures used. In fact, friendship patterns are likely to be relevant to both identity and intimacy formation, although their meanings and importance may well vary for males and females. One hypothesis tested in the present study, therefore, was that females and ma les would be unequally distributed across developmental style, with relatively more males choosing the High Identity road tomaturity and relatively more females the High Intimacy style. In contrast to this hypothesis the research shows that there were no differences between the sexes in their choice of developmental style. But those in the high-identity-high-intimacy and the high-identity-low-intimacy groups were more satisfied with their friendships, which appeared affectively richer. In addition the friendship during adolescence and youthhas an unique and important influence in the life of the individual. The research appears that there are differences between same- and opposite-sex friendships. Sex differences showed that while friendship variables were more strongly chained with development for boys, girls viewed their relationships as closer and imputed more importance to this closeness. The method is composed of a sample of secondary school students and college students. Subje cts were drawn from two secondary schools and two colleges, each ofthese institutions serving students from middle to lower middle class areas. The attendant were asked friendship questions, which were divided in four sections: Section ADemographic variables; Section BIntimacy and Identity scales; Section CGeneral friendship information; Section D-Specific best friend information. The total questionnaire took about 30 minutes to complete. For example in section B, the identity and intimacy measures administered were subscales of the Erikson Psychosocial Stage Inventory. The EPSI is a self-report inventory that measures resolution of the conflicts associated with the first six of Eriksons psychosocial stages. Items are rated on a 5-point scale ranging from almost always true to hardly ever true. In order to investigate the relationships between two sets of friendship factors (General factors and Specific Close Friendship (Same Sex)) and other variables of concern, factor scores on eachfactor were computed, using the regression method. In conclusion friendship and romantic relationships developed with psychosocial maturity, independently (as far as can be judged by this research), but not as alternatives. 3. Article: Generativity Versus Stagnation: An Elaboration of Eriksons Adult Stage of Human Development Source: Journal of Adult Development, Vol. 10, No. 1, January 2003 Summary: This research focuses on the adult stage of generativity vs. stagnation by Erikson`s psychosocial development. The research offers new concepts which are associated to Eriksons theory of development in the form of 7 psychosocial conflicts. The stage of generativity versus stagnation represents the major conflict of adulthood. The research starts with an Eriksonian viewpoint, and then, makes changes to argue for a competing conception, which could be understood within Eriksons original proposal and placed within the developmental chart. The research appears a tentative explanation of how each major stage of development takes form during adulthood and it also shows an impression of how these conflicts fill out Eriksons theory. 7 psychosocial conflicts are analyzed: inclusivity vs. exclusivity, pride vs. embarrassment, responsibility vs. ambivalence, career productivity vs. inadequacy, parenthood vs. self-absorption, being needed vs. alienation, and honesty vs. denial. Each conflict is connected to one of Eriksons other stages of development. The analyze try to enlarge Ericson`s 7 conflicts. In conclusion the conflicts could be defined empirically and validated by connecting them with other measures of ego development and generativity. The conflicts and crises of adulthood could be made more clear and at the same time more complex by using the humanities to draw out and illustrate the ramifications of each conflict. There is also a need to connect these ideas with history and broader societal issues. 4. Article: Development and Validation of a Measure of Eriksonian Industry Source: Journal of Personality and Social Psychology, 1991, Col. 60, No. 3, 390-397 Summary: This study place emphasis on the fourth stage of Erikson`s psychosocial development: industry-inferiority. Operationalization of the industry construct was begun by describing it as consisting of three components: skills and knowledge, their application, and affective experience of their acquisition and application in useful directions. These components span the cognitive (Component 1: skills and knowledge), behavioral (Component 2: Application of Skills and Knowledge) and affective domains (Component 3: Attitudes Toward and Experience of the Acquisition and Application of Skills and Knowledge). The process of demonstrating predictive validity for the current measure, a step on the way to establishing construct validity for the concept of industry, consisted of several procedures. The first involved determining the conceptual validity of the current definition of industry by correlating each componentscore both with each other and with the overall mean industry score. Second, childrens own industry scores were correlated with those provided by two categories of observers, teachers and parents. Third, seven variables were selected in order to assess the predictive validity of the new industry measure. Three of these were behavioral and four were based on test responses. The first behavioral measure for example involved observation of classroom behavior, that is, on-task versus off-task performance. Four other variables were formed by items embedded in the Childrens Industry questionnaire (CIQ) and were based on Eriksons theoretical descriptions of correlates to a sense of ind ustry. The final subject pool of this research consisted of 187 pupils from eight classrooms in three public elementary schools. There were 101 boys (54%) and 86 girls (46%). The age range was 8.6-12.8 years. The CIQ as a measure consisted of 47 items assessing the three components of the industry construct and 22 items measuring the expected correlates of industry. Three response modes were used with the CIQ. The most prevalent form (54 items) was the structured alternative format developed by Harter (1982). The child is asked first to decide which kind of child he or she is most like by choosing the child described on the left or right. Once the choice is made, the child is required to decide the extent to which the description is true for him or her on a scale ranging from 1 to 4that is, sort of true or really true, and so fortha score of 1 indicating the lower levels of the industry construct. The second response mode on the CIQ was multiple choice. The third CIQ response mode was open-ended questions. In addition there were used a Teacher Industry questionnaire (TIQ) and a Parent Industry questionnaire (PIQ). In conclusion current findings are generally supportive of the present definition of industry and this measure of it. Significant agreement between different categories of observers, making observations in a number of different ways, and the industry measure was consistently obtained. Results of the present study provide a solid beginning to the process of validating the construct of industry. 5. Article: Psychosocial development in the elderly: An investigation into Eriksons ninth stage Author: Cynthia Brown, Michael J. Lowis Department of Psychology, University College Northampton, Park Campus, Northampton, England. Source: Journal of Aging Studies 17 (2003) 415-426 Summary: In their article Psychosocial development in the elderly: An investigation into Eriksons ninth stage the authors Brown and Lowis want to figure out the exist of a ninth stage regarding to Joan Eriksons suggestion. Because of an increasing number of old people especially in developed countries like Germany or Japan it is necessary to do a research about this. In the end an older society provide new demands, reevaluations and daily difficulties. Even Erik Erikson saw personality as a lifelong developmental process but his theory ends with the eight stage ego integrity versus despair at the age of 65. For their research the authors used a self-report survey with individuals either completing questionnaires themselves or being assisted to do so through closed question interviews. The responses were suitable for coding and subsequent quantitative analysis. Additional qualitative data were obtained through open questions. As a result they found out that the Stage 9 scores for participants aged in their 80s/90s are significantly higher than for those aged in their 60s, but there is no significant difference between Stage 8 scores for the two age groups. But these findings can only be generalized to a wider population when they are confirmed by additional research: the present participants did embrace a range of ages, locations, and living arrangements, but comprised females only, and numbered just 70 individuals in total. Nevertheless the authors produced an instrument that has reliably measured a variable that reaches its ascendancy at an age beyond that normally ascribed to the developmental stage of ego integrity versus despair. And if confirmed, the existence of a Stage 9 would suggest that human beings remain in a situation of potential psychological growth throughout their life span. 6. Article: Eriksons Theory of Psychosocial Development and Career Development Author: Patrick H. Munley, Veterans Administration Hospital, Lyons, New, Jersey Source: Journal of Vocational Behavior 10, 261-269 (1977) Summary: In this article the author figures out some of the contributions of Erik Eriksons theory of the eight stages of development in providing a developmental perspective on career behavior. First he describes Eriksons Theory of the eight life stages. In his opinion the development of basic senses of initiative, industry, identity, generativity, and integrity all seem to be especially relevant to career development behavior. The theory offers a framework for integrating career development with overall human development. Furthermore Eriksons theory recognizes the role of social and cultural factors in relationship to life cycle development and provides a theoretical framework for integrating research findings on the sociology of career behavior which was already shown by several researches. A third contribution of Eriksons theory is that of the identity crisis and ego identity. Making a vocational choice or commitment is often the first important decision marking the transition from adolescence to adulthood. Thats the reason why one of the major tasks through which identity concerns are expressed in adolescence is the process of making a vocational choice. For example A person who is undecided in terms of career may not just be undecided about a vocation. He may be in the midst of an overall identity crisis. On the other side a person who has a sense of ego identity is probably more able to make appropriate vocational decisions and choices. At the end the author concluded that from both a theoretical and empirical point of view, Eriksons theory seems to provide a promising perspective for viewing career development. He said that The theory offers a framework for integrating career development with overall human development and makes a contribution toward offering a perspective for integrating social factors and personality development with career development. 7. Article: The Recovery Process Utilizing Eriksons Stages of Human Development Author: Suzanne E. Vogel-Scibilia, Kathryn Cohan McNulty, Beth Baxter, Steve Miller, Max Dine, Frederick J. Frese III Source: Community Ment Health J (2009) 45:405-414 Summary: The authors offer a psycho-developmental model that parallels Erik Eriksons theory of human development, and theorize that the process of psychiatric recovery involves a psychic reworking of these fundamental steps. They integrated all the following fundamental components of recovery which were identified by the United States Department of Health and Human Services (2005) into this developmental model: self-direction, individualized and person-centered, empowerment, holistic, non-linear, strength-based, peer-support, respect, responsibility and hope. In the eyes of the authors this builds an understandable, practical framework that allows transformation of traditional programs and therapeutic contacts into recovery-oriented services. The authors propose eight opportunities to resolve conflict in the service of personal growth and development, which parallels Eriksons eight stages. The eight stages are: Trust versus Doubt, Hope versus Shame, Empowerment versus Guilt, Action versus Ina ction, New self versus Sick self, Intimacy versus Isolation, Purpose versus Passivity Generativity and Integrity versus Despair. Based on these eight stages and on Eriksons stages of development they explain and compare the different recovery stages regarding to the recovery process of people. 8. Article: Identity Status Theory and Eriksons Theory: Communalities and Differences Author: Alan S. Waierman, Trenton State College Source: Developmental Review 8, 185-208 (1988) Summary: In this article the author outline the critique of Cà ´tà © and Levine on the identity status theory developed by James Marcia and he compares the theory with Eriksons theory of the eight stages of development. Marcias theory provides four statements: Identity Diffusion (the status in which the adolescent doesnt have a sense of having choices), Identity Foreclosure (the status in which the adolescent seems willing to commit to some relevant roles, values, or goals for the future), Identity Moratorium (the status in which the adolescent is currently in a crisis, exploring various commitments and is ready to make choices) and Identity Achievement (the status in which adolescent has gone through a identity crisis and has made a commitment to a sense of identity) , which differ in some important respects from that used by Erikson. The author says that there is basic agreement regarding the construct of identity itself. Erikson, Marcia and other authors using the identity status paradigm are all grasping for the same phenomenon. Furthermore they are the same opinion regarding to the domains in an individuals life that provide the context within which a persons sense of identity is formed. These include vocational choice, religious beliefs, political ideology, sex-role attitudes, and spousal and parenting roles. These are only two communalities of seven which the author claims. But there are also differences between these two theories. First he says that There is a wide divergence between Erikson and the identity status theorists using the identity status paradigm, regarding the viability and utility of the psychoanalytic framework within which the construct of ego identity was originally developed. The next difference is that the identity status paradigm explicitly addresses the more conscious aspects of the task of identity formation which is related to the rejection of psychoanalytic theory by man y identity status theorists and researchers and in contrast to Erikson. There are five more differences which the author figures out in his article. And the end of his article he gives a forecast on identity research. 9. Article : Personality Theories Erik Erikson Author : Dr.C George Boeree From Shippensburg University Source : Original E-Text-Site: [ http://www.ship.edu/%7Ecgboeree/perscontents.html ] Summary : Oglala Lagota, Among the Oglala Lagota, it was traditional for an young teenage or adolescent to go off on his own. Everybody got a dream, you got a dream and I got a dreams. In some case, the dream would lead us into the realm of controlled deviations among the everybody. Eight states start from infancy on the oral sensory state, the second is the anal muscular stage, third state is genital-locomotor stage or play age, fourth state is the latency stage or school age child from 6-12, five state is adolescence. Its beginning with puverty and ending around 18 for 20 years old, six I dont know what stage name, writer not giving it. Which lasts from about 18 to about 30. The ages in the adult stage are mush fuzzier than in the childhood stages. And people may differ dramatically. 7 stage is that of middle adulthood. The middle life crisis, if you success at this stage, you will have a capacity for carring that serve you through the rest of your life. Reffered to delicalely as late adulth ood or maturity, or less delicately as old ages of last stage, begins sometimes around you retirement after the kids have gone say somewhere around 60. Its the stage just see the good thing and bad. 10. Article : Using Erikson to Work More Effectively with Teenage Parents Author : Lorraine DeJong Source : www.naeyc.org/resources/journal. Summary : According to the article, its talk about the using Ericksons theory to tech young mothers. If we see in article, well know more of quantity of teenager parent in U.S.A. Its very big problem because of the rate of pregnancy in teenagers become higher and it will be a social problem. But how Ericksons theory concern with this article? The writer gives the idea that it can help teacher understand teenager parent emotion and the need of them. The writer selects the stage 1 to 5 because it concern about teenager ages. Stage1 is talk about infancy. If the teenager lacking a trust in the world, it will effect to her baby, she will reject advice of teacher. Stage2-Toddlerhood, if young mother grow without responsibility, she may reprove about her difficulties. May be she wont take care of her child. Stage3-Preschoolyears, without the positive guide line in this stage, an adolescent may luck in basic sense of inquisitiveness, ambition, and empathy, she may not interest in her child. Stage4-School-ageyears, if teenager fails in success in this stage, she may feels incompetent and inferior. And the last-Adolescence, everything depend on the past if they didnt get trust, autonomy, initiative, and industry, they may show behavior that hazard for positive identity development. After the effect of Ericksons theory of teenager parent, a writer gives the suggestion for developing trust; autonomy, initiative, and industry such as find the way to indentify teenager, train teenagers show and manger responsibility, and etc. If adolescence mother have a good personality development technique, she will care about her responsibility to take care her child. Its very important to consider because every stage have a meaning in term of them, if it lack or gone, it will affect to feeling of the mothers and the problem will on children. 11.Article : Trust, Identity, and Ego Integrity: Modeling Eriksons Core Stages Over 34 Years. Author : Joel R. Sneed, Susan Krauss Whitbourne, Michelle E. Culang Source : Summary For this article, Writers study in Erikson development stages in term of core stage that consist of stage1, stage5, and stage8. Stage1-Trust that study in term of continuity and wholeness in the self and in another. Stage5-identity that study in the self and social. And the last is Ego integrity that study about exceeds of individual lifecycle. They take a hypothesis to examine the last investigations on the RALS that results are as follow: Stage1 is stable from ages 20 to 42, increasing in stage5 for ages 20 to 31 but stable in ages 31 to 42 and the last stage8 decreases in ages 31 to 42. After they use multilevel modeling testing, writers found the difference development trajectories across child and middle adulthood in each core stage. The first stage, writers predict endure stable over adult but after testing, the value increases in trust over a 34-year period. And next is stage5 follow Erikson set the time of the Identity ages 20 to beyond, but the present test show that substantial not occur until the late of ages 20 and early ages 30. And the last is stage8 that it value is decreasing. But in fact it will increase that affect from environment on personality. 12.Article : Eccles Development of Children Ages 6-14. Author : Jacquelynne S. Eccles Source : The Future of Children WHEN SCHOOL IS OUT Vol. 9 à ¢Ã¢â€š ¬Ã‚ ¢ No. 2 Fall 1999 Summary : This article summarized stage 4 of Ericson, the major developmental change that take place from 6-14 years old. Both article provide an overview of the kind of biological, psychological, and social changes that characterize the years between 6 to 14 for article from Eccles to facilities the our research. For children years in stage 4 is a critical period to knowing themselves. And during this time, children will grow to adults who have the power, have a freedom, feel free to participate in family. Physical insight will change the mental condition. A social role will change and pass quickly when they enter the school or doing activities with other outside the family. During mid-childhood,, they will begin to compare themselves with other, they expect success and failure, they might develop and transition to other challenges in many years. During early adolescence is they will confuse with physical and the social theat change from the start. They have a freedom and distance between the family. Meanwhile, the problem may occur. They may lose of confidence and have a negatives behavior such as abandonment of duty or resigned from the school. 13. Article : College-Educated Womens Personality Development in Adulthood: Perceptions and Age Differences Author : Alyssa N. Zucker et all Source : Journal of Adult Development, 8, p. 28. Summary : The researcher study the different between the perception of women in each age groups. Procedures and level of personality development in social change. And they recognize that confidence in each age range. The specific timing and different forms in adults and children. Research to look for reasons and what limits to reflect the development of personality in the beginning to the end of life. Characteristics of personality development in the next phase of maturity We use the information for the study of the College of Education to consider the possibility that adults are better developed. The development will be personality kick picture pros and cons are different. Women are more concerned than men. Concerns that arise are the future, career, financial, and family. Even maternity Developed differently in each generation. Women age 40-60. Will develop faster in women age 20. State conditions because of different concerns of people in each generation. A group of teenagers are relatively private world is much less likely to develop their own personality to fit the outside world. Development must have their own ways to develop the correct principles of personal. 14. Article : From Trust to Intimacy: A New Inventory for Examining Eriksons Stages of Psychosociai Development Author : Doreen A. Rosenthal, 1.4 Ross M. Gurney, 2 and Susan M. Moore 3 Source : Journal of Youth and Adolescence, Vol. 10, No. 6, 1981 Summary : Trust to intimacy is related to the six stages of Eriksons is the relationship of each stage the adolescent ,adulthood the adjustment of adolescents in terms of differences in race thought and attitude comparison of thought , maturity , moral and the decision of the human of each stage. The some information from researchers, other who have. Both the consistent and distinctive have a reasons for supporting the theory of them self. The attitude, ethics of each stage is different. The problem of behavior or personality of human and experienced is effect on the cause of the research or evidence that the theory is accepted six stage of Erikson 15. Article : The Learning Disabled Adolescent: Eriksonian Psychosocial Development, Self-Concept, and Delinquent Behavior Author : Daniel B. Pickar and Christopher D. Tori Source : Journal of Youth and Adolescence, Vol. 15, No. 5, 1986 Summary : This journal study about disabled adolescents on three variables: Eriksons stages of psychosocial development, self-concept, and delinquent behavior. It was predicted that learning disabled adolescents would show significantly less resolution of Eriksons fourth stage, industry versus inferiority The researchers focus on the affective and motivational and use Eriksons psychosocial theory to understanding the social and emotional difficulties of learning disable adolescence. The development of an adequate feeling of competence is the critical task of a sense development and the effective in interactions with the environment. The researcher use statistical standard of Two-way ANOVA concern with the EPSI data, The Piers-Harris Childrens Self-Concept Scale and Delinquency Checklist. To find to result of significant of gender effect between learning disable and non-learning disable groups. Measure the significant of group and gender interaction. The comparison group of the self-concept of learning disabled adolescents showed that these youngsters self-concept was not significantly different than nondisabled but learning disabilities are significantly related to juvenile delinquency. Hypothesized that learning disabled adolescents would demonstrate more negative self-concept and report more delinquent behavior than their nondisabled peers. The hypothesis that learning disabled adolescents would engage in more delinquent behavior than nondisabled adolescents was not supported. The self-report delinquency data indicated that learning disabled and nondisabled adolescents participated in the same kinds and amounts of delinquent behavior. The results of this study to provide more understanding of the psychosocial development of adolescence on different variables. 16. Article : The Course and Psychosocial Correlates of Personality Disorder Symptoms in Adolescence: Eriksons Developmental Theory Revisited Author : Thomas N. Crawford,1 Patricia Cohen,2 Jeffrey G. Johnson,3 Joel R. Sneed,4 and Judith S. Brook5 Source : Journal of Youth and Adolescence, Vol. 33, No. 5, October 2004, pp. 373-387 ( C _ 2004) Summary : Researchers focus on personality disorder in adolescents have been related with developmental patterns of behavior measured with dimensional symptom scales, personality disturbances are age-related trends in personality development. How it reflect to developmental processes in long-term risks for personality development. To understanding of how personality disorders impact on normal psychosocial development, this study used longitudinal data from a community sample to track declines in personality disorder symptoms from early adolescence to young adulthood. They used it to formulate hypotheses about how personality disorders would impact on the normative tasks of adolescence and young adulthood: (1) developing an internal sense of well-being through the consolidation of identity and (2) establishing intimacy in the form of lasting and committed romantic relationships. Although researchers now agree that identity formulation is a life-long process, adolescence and young adulthood provide the first real opportunity to develop a sense of continuity with the past, meaning in the present, and direction for the future. Identity consolidation thus emerges as the cornerstone of the capacity to do well and forms the basis of self-acceptance and self-esteem. Identity diffusion is known to share many characteristics with personality disorder symptoms according to a community-based sample of adolescents to determine whether age-related declines in Axis II symptoms are related with increases in well-being during adolescence and interpersonal intimacy during adulthood to focus on borderline, histrionic, and narcissistic symptoms (Cluster B symptoms). Two groups of sample were investigated to determine if age-related declines in Cluster B symptoms are associated with increases in well-being and interpersonal intimacy during adolescence and early adulthood. To the extent that personality disor

The Genome Project and the Disruption of Evolution :: Genetics Darwin Science Essays

The Genome Project and the Disruption of Evolution The genome project was successfully completed in June 2001. As a result, many controversies have arisen regarding the ethics of altering a person's genetic makeup. These arguments will most certainly continue for generations to come. However, the real problem will involve how evolution itself will be dramatically altered if genetic manipulation is allowed. If every human being alters his genes to make offspring free of diseases and variations, then eventually the human population will be void of variation. Variation has always been the key to life. With even a slight modification in environment, the whole human population, if permitted to change nature's plan, could die out. Altering the genetic makeup of a human offspring is evolutionarily wrong. Admittedly, a perfect race seems like an ideal lifestyle. Since the beginning of time, humans have strived to have perfect bodies, clear complexions, and high IQs. Now with the completion of the genome project, they may have the opportunity to erase all defects and diseases. Although this sounds like the ideal situation for mankind, it is far from ideal. If every human altered the genetic makeup of his offspring, eventually the human population would have no allowances for variation and no way to combat sudden environmental challenges. Charles Darwin first proposed that variation was the key to life. Without it, natural selection could not occur. Because natural selection is the driving force of evolution, evolution is ultimately disrupted. Darwin stated in his Origin of Species, "The preservation of favorable variations, I call Natural Selection." (Raven and Johnson, 13) If the entire human population were altered so that each human were perfect in every way, then, as each reproduced, there would be no variation in one's offspring. (Gendron) The differences between individuals develop through minor mutations. Those harmful to an individual usually decrease the chance of survival. However, there are some that enhance the survival of that individual. These mutations spread throughout the population. Over time, this leads to the creation of new, "more fit" species. (Rine) Unfortunately, manipulation of the new offspring's genes would quickly prevent the normal genetic mutations from occu rring.

The Influence Of Organisational Culture Versus National Culture Essay

The Influence Of Organisational Culture Versus National Culture Within The Global Group of Companies Author: Table of Contents: Executive Summary  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Page 3 Company Background  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Page 4 Research Analysis  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Page 6 Recommendations  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Page 13 References  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Page 15 Appendix  Ã‚  Ã‚  Ã‚  Ã‚  (Survey questionnaire attached as a separate document) Executive Summary: Research (1) indicates that national culture has a greater impact on employees than does their organisation’s culture and this report examines both cultures within VOLE Inc. a seventeen month old company with the ambition to establish a worldwide presence within three years. At the moment VOLE is small enough to debate and address these issues but diverse enough with operations across four continents in fourteen countries to already be experiencing the strains of cultural differences, particularly between the Far East where the company has its roots and the recently opened markets of Western Europe and the United States. It will hopefully lead to the formulation of some agreed corporate communication policies as these will become increasingly difficult to put together and implement as global expansion... ...rketing of the VOLE network to individual JV companies, who are also granted financial autonomy and control of their respective P&L functions, the primary drawback of such a structure – the reduction of management control over key parts of the business – must be constantly borne in mind. This weakness can be best tackled from the centre by a continual emphasis on the interdependency of each VOLE JV on each other, a fact well recognised in the survey, but easily forgotten in the day to day business activities of each JV as new successful companies are built from the ground up. Maximum advantage must also be taken of the flexibility such an organisational structure provides and the ability of VOLE companies to provide a network management service simply, quickly and for a far smaller cost than the traditional video conferencing industry must be continually highlighted as the company’s USP. References: (1)  Ã‚  Ã‚  Ã‚  Ã‚  N.J. Adler 2002 International Dimensions of Organizational Behavior. 4th Ed Ciciinatti, OH: Southwestern pp. 67-69 (2)  Ã‚  Ã‚  Ã‚  Ã‚  S.P. Robbins 2002. Prentice Hall Self Assessment Library. Pearson Education Company

Iceland Crisis

Background Information In three year period of 2008-2011 Iceland suffered one of the worst financial crisis in history. It Is bewildering how a country with population of only 320,000 could gather massive sums of money per capital, lose It all In such a short time period, and then manage an incredibly quick recovery since. Let's start by shedding some light on the situation leading to the crash. Iceland has always been affiliated with nature and fishermen. Fishing was the most prevalent occupation in Iceland, and a major backbone of their economy for years.Things turned direction in the ass following the liberalizing of Icelandic banks. Deregulation of banks added a whole new dimension to Icelandic economy and money was flowing more than ever. Glitter, Gapingly. And Landsman were Iceland's three most notable commercial banks who were enjoying a great time. High savings interest rate offered by Icelandic banks attracted plenty of foreign investors . Fishermen slowly turned into financ ial advisers to manage the capital inflow from outside, particularly from Germany and the I-J and create more wealth for Icelandic economy in the long-term.As with every great financial crash, greed and carelessness played a part. Banks, having believed the hype and buzz, were careless handing out big mortgages to loads of under-qualified applicants on low interest and made under-thought Investments abroad, particularly in the US. Iceland's banking sector was pride of the country which had transformed Iceland into one of the richest countries in Europe in a couple of decades. What Went Wrong The banks were accountable for themselves. There was no precise rules set for them.They had to go out there and produce. Their capabilities was the most important hinging and all else was secondary. If the banks didn't have to give ethical answers to the government, then they could be capable of many unthinkable things, especially in the banking world of the ass's and early asses. The prime mini ster of Iceland in that period (1991-2004), DavidГÂ ¶ Dodson, was no fan of government owned banks in Iceland, so none of the banks In Iceland had to answer directly to governmental authority. Reliant on external financing.They used mass wholesale funding to finance their way into the local mortgage market and obtain foreign financial firms mostly in the UK and Scandinavia. The banks were following the international ambitions of a new generation of Icelandic entrepreneurs who set to form global empires in industries from retailing to food production to pharmaceuticals. By the end of 2006, the total assets of the three main banks were $150 billion, eight times the country's GAPS. Low interest rate offered by Icelandic banks had allowed financing for rapid and pre- mature expansion of various companies in various industries perhaps beyond the nation's capacity.In half a decade, Icelandic banks experienced a mass transformation from being pretty much entirely domestic lenders to b ecoming major international financial intermediaries. The shift and growth was almost too good to be true. This is where things started to go south. As wholesale funding markets seized up (e. G. Lehmann Brothers' bankruptcy in September 2008), Icelandic banks were shaken and started to collapse under a mountain of foreign debt. The Crash and Its Consequences On October 8th 2008, Suppurating was placed into administration. The government had to intervene. Iceland was on verge of national bankruptcy.Foreign investors were seeking their money from Icelandic banks and threatened to sue. Everything was a sees. The Icelandic government nationalized Glinting. The control of Lambskin and Glinting were given to representatives of FM (Financial Supervisory Authority). Prime minister, Geri Heard, believed those actions taken by the government prevented the country from national bankruptcy. The impacts of the crash were severe on Icelandic economy, however. At end of second quarter of 2008, Ice land's external debt rose to close to Ð ²?50 billions), more than 80% of which was held by the banking sector.The national currency (Icelandic Akron) fell sharply in value. Foreign currency orientations were basically suspended for weeks. The Icelandic stock exchange fell by more than 90% and as a result Iceland officially bid hello to a period of economic recession. Recovery Icelandic economy continued to suffer for two years, but the signs since late 2010 have been very positive. Islanders have taken the right steps and have shown urgency in their efforts to get their economy back on track and it has paid dividends. The government's priority was to minimize the impact of financial crisis on the country.They placed Iceland ahead of foreign investors. As a result, an emergency isolation was passed, allowing the Financial Supervisory Authority to take over the domestic operations of Iceland's three major banks. The state intervened by protecting domestic creditors and depositors, no t allowing the taxpayers to take the burden of a bailouts. Instead of bailing out the banks (e. G. I-J, Ireland, etc), Iceland opted for defaults of the banks. This fumed foreign depositors, but Icelandic quick recovery was devaluation of Icelandic currency and implementing measures of capital control. The Corona's value halved making Icelandic exports (e. . Fish) and ours cheaper and more attractive to foreigners. These two sectors flourished as a result and played a significant role in growing the Icelandic economy again. Iceland have worked hard in restoring macroeconomic stability and rebuilding the financial sector. They put the money they received from MIFF ($10 Billion) in use to a 3-year restructuring programmer. The results are impressive as since then, the GAP has grown 2. 5% in two consecutive years. Now that the Icelandic economy is doing better, the government is making settlements to gradually pay the foreign investors back.The unemployment rates have fallen in half an d those accountable for the crash, even the former prime minister, were persecuted at the courts. Iceland did the opposite of Europe and the US to the situation and it has proved effective. Of course, it's a different situation managing 320,000 people as opposed to millions. It's not all rosy yet, however, as other economic sectors, notably private and household must catch up to fishing and tourism sector to take the momentum to next level and fully take Iceland out of what could have been a fatal blow. Conclusion 2008 Financial crash shook the world.The impact in Iceland was more incredible than most places as it nearly brought depression to the country. Deregulated Icelandic banks bit more than they could chew and ambition turned into greed and gamble. Series of factors gave hands to each other and took Iceland on verge of national bankruptcy. What happened after, is perhaps a lesson for all other nations who are struggling with their economies. Icelandic government prioritize its own nation above anyone else, and allowed its banks to default, protecting its people. They have since taken the right measures to increase spending and business in the entry.

Demonstrative Communication Paper Essay

Demonstrative communication consists of accepting and sending messages that can be silent; this can help give attention for the start of verbal communication even though a non verbal communication can transmit the message all by itself. An example of this would be facial expressions, which can be used to express most non verbal communications. According to Nayab body language along with facial expressions represent 55% of all communication. With demonstrative communication it can highlight the verbal communication for instance appropriately dressed, a nice firm handshake and conducting oneself in a professional manner while on employment interviews. Another example would be when two people meet for the first time; demonstrative communication can either show that the other person is either friendly or unpleasant by just saying the word hello. The facial expression of a smile can demonstrate whether the person is in good spirits and have a friendly personality. A good way to figure this out without the verbal communication would be the smile and other gestures through the nonverbal communication of the other person. An example of this would be a two people doing business together and when they meet for the first time and both business men smile at each other. This would be a nonverbal communication. The way that a person’s personality is shown is through their nonverbal communication. Demonstrative communication can go both ways in being effective and negative. There are many different facts that play into the nonverbal communication, like the clothes that people wear, their tattoos and possibly their hairstyles. Although these types of communications are nonverbal it does make some people a little uneasy about how they handle their business with someone with this type of communication. It does not matter what the tattoo is of. It can be misunderstood by the person that is viewing the symbol and the person with the tattoo will be labeled as a thug or someone that you should not do business with. That is why body language and facial  expressions can be very important when it comes to demonstrative communication. An example of body language that can be misunderstood would be when two people are talking and one person has their arms folded across their chest. This can be perceived as the person not listening or being considered overprotective of themselves and will not take criticism lightly. The person with the folded arms could just be cold or it is a learned gesture from their parents and that is how they listen. This is why many people would agree that demonstrative communication should not only have the nonverbal but also the verbal to go along with it so that people do not have any misunderstandings and the issue can be handled properly. According to Sutton, a person cannot fully deliver the anecdote of the day to anyone lacking words, except if the person can mime the entire tale (Sutton, 2011). Even if the person is able to mime they cannot express the entire issue perfectly. There has to be some degree of distance. This type of communication cannot always be expressed perfectly. An example of this would be that a person cannot convey the nonverbal communication over the phone and the person on the other end only has the verbal part of the communication and might take something the wrong way because they are not able to see the nonverbal part of the communication and that is where misunderstandings come in. Just like all other types of communication demonstrative communication requires listening and responding. It has been said time and time again that people receive more knowledge from someone’s actions more than their words. There are times when a person needs to listen not only with their ears but also with their eyes. An example of this would be when a new student has to get up in front of the class and introduce themselves, at first the new student may roll their eyes like so many do because they already know that it is hard enough to start school as the new kid but to have to stand up in front of everyone makes things even more intense. So the other kids have seen the new student roll their eyes but they also have to listen to what is being said because the action was just an annoyance for having to stand up in front of everyone. It is important to remember to listen as well as taking in the scene of what is going on around them. Both the verbal and nonverbal communication will create the listening and response aspect of the  communication. In today’s world all around us there are people unknowingly using demonstrative communication. Just by smiling at their neighbor or waving at someone they are using demonstrative communication. Even though this communication can be misinterpreted or misunderstood it is still wise to try and listen to see if there is anything that the person is also saying. References: ReferencesCheesebro, T., O’Connor, L., & Rios, F. (2010). Communicating in the workplace . Upper Saddle River, NJ: Prentice Hall. Nayab, N. (2010, July 26). Different types of communication . Retrieved from http://www.brighthub.com/office/project-management/articles/79297.aspxSutton, N. (2011, March 26). Pros and cons of nonverbal communication.

Literature Review Essay

Abstract The primary role of literature review in a quantitative research study to gain information on the subject of your research question and identify unbiased and valid studies connected with your research question. For instance, my quantitative research question is â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † My hypothesis is that high school students reading popular fiction will outperform the students who read curriculum-required fiction, because if you enjoy reading you will perform better. Then I need to do a literature review to discover if my question has already been answered and I may need to modify it or if there are related studies to my research question that can provide quantifiable research. Introduction Quantitative Research involves collecting numerical data though content analysis, performance tests, personality measures, questionnaires, etc. This type of research procedures include an objective/unbiased approach to collecting numerical data from a large number of participants and analyzes these numbers using statistics in order to answer a specific, narrow research question. As part of research, a literature review is required. A quantitative literature review is an extensive review of literature that may or may not influence the study and your research question (UOA 2013). The primary role of literature review in a quantitative research study to gain information on the subject of your research question and identify unbiased and valid studies connected with your research question. For instance, my quantitative research question is â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † My hypothesis is that high school students reading popular fiction will outperform the students who read curriculum-required fiction, because if you enjoy reading you will perform better. Then I need to do a literature review to discover if my question has already been answered and I may need to modify it or if there are related studies to my research question that can provide quantifiable research. Why This Research Question This research question â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † needs to be answered. There is a controversy over what types of literature is acceptable for students to have access. One of my favorite book series (Harry Potter) is a banned book in certain states. This research question would add to research already completed. Methodology in the Research Question This research question â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † is an experimental research question and a casual research question. An experimental research question tests the cause and effect and a causal research question that test for a cause and effect relationship between variables. The variables in this research question are the independent variable (IV), age, ethnicity, and gender, the dependent variable (DV), assigned popular fiction and curriculum-required fiction, and the covariant (CoV) socio-economic status. Additionally, this question has ratio data. Ratio data is continuous. Ratio data rank order, but also quantify and compare the sizes of differences between them. Ratio data has an absolute zero and allows for how many times greater. The research question can discover how many times greater or less are the test scores of high school students who read popular fiction than those who read curriculum-required fiction. Supporting Research My hypothesis of the research question is that high school students reading popular fiction will outperform the students who read curriculum-required fiction, because if you enjoy reading you will perform better. The other similar research found during the literature review relates to my research. Although, my specific research question has not been fully researched. Other research relates to my question. According to the article, Impact of Students’ Reading Preferences on Reading Achievement, middle school students in Canada found â€Å"The most significant indicators were reading novels or fictional texts, informative reading or non-fiction, and reading books or other texts from the school library. In-class reading and participation in discussions pertaining to school-related reading were also shown to enhance reading achievement. These results are somewhat surprising in that research documenting this subject mainly emphasizes the use of pedagogical material corresponding to the interests/needs of students to foster achievement in reading† (Bouchamma, et al. 2013). This research shows that reading achievement can come from both required and optional reading. Moreover, according to the article, Reading Attitude and its Effect on Leisure Time Reading, â€Å"gender, educational level, age, and amount of spare time have a positive effect on reading behavior† (Stokmans 1999). Additionally, there is â€Å"a positive relationship between time spent reading fiction and educational level† (Stokmans 1999). This research shows that reading fiction relates positively to reading level. Additionally, according to the article, Popular Publications May Help Students’ Reading Scores, â€Å"We are concerned about the struggle to increase scores that children are posting on state-required exams — not because of the scores themselves, but because they are strong indications that state students may not be gaining the thorough and analytical skills they need to become successful readers† (Michigan Chronicle 1997). This newspaper article shows that popular publications may help students on their reading score. Conclusion This research question â€Å"all other factors being equal, do high school students reading popular fiction achieve better Language Arts test scores than high school students reading curriculum-required fiction? † needs to be answered. This research question addresses the controversy over what types of literature is acceptable for students to have access to. Moreover, this research question would add to research already completed. It would allow  administrators and other educators to decide if certain books can be helpful in high school students learning environments. Bibliography Bouchamma, Y. , Poulin, V. , Basque, M. , & Ruel, C. (2013). Impact of students’ reading preferences on reading achievement. Creative Education, 4(8), 484-491. Retrieved February 6th, 2014 from: http://search. proquest. com/docview/1441488139? accountid=28844 Mia J. W. Stokmans, Reading attitude and its effect on leisure time reading, Poetics, Volume 26, Issue 4, May 1999, Pages 245-261, ISSN 0304-422X, Retrieved February 6th, 2014 from: http://dx. doi. org/10. 1016/S0304-422X(99)00005-4 http://www. sciencedirect. com/science/article/pii/S0304422X99000054 Popular publications may help students’ reading scores. (1997, Oct 01). Michigan Chronicle. Retrieved February 6th, from: http://search. proquest. com/docview/390200035? accountid=28844 University of Arkansas Libraries (2013, Oct. 30) Literature Reviews. LibGuides. Retrieved February 6th, 2014 from: http://uark. libguides. com/content. php? pid=110370&sid=1384703

Fin 571 Week 4

Guillermo’s Furniture Store Scenario There are three alternatives available to the Guillermo’s Furniture Store. One is they can keep the current position or they can become broker or make it high-tech. Therefore, Guillermo’s furniture store can divide the project into current project, High tech project and the broker project. Guillermo’s furniture store needs to select the option which is good for them and can provide competitive advantage to the store. It has been clear that managers are responsible for the use of capital budgeting techniques to find out exclusive project. We have different types of capital budgeting techniques. These capital budgeting techniques are: 1-Simple Payback, and/or Discounted Payback 2-Net Present Value (NPV) 3-Internal Rate Of Return (IRR) The simple payback period: â€Å"We can define the simple payback period as the expected number of years required to recover the original investment by Guillermo’s Furniture Store† (Brown, et. al, (2006), i. e. if the store has invested $300 millions in its project, then how much time it will take to recover its invested amount. Payback period is the first formal method used to evaluate capital budgeting projects. Here is the payback period for Guillermo’s Furniture Store. The cumulative cash flow of Guillermo’s Furniture store at t = 0 is just the initial cost of -$300,000. At Year 1 the cumulative cash flow is the previous cumulative of $300,000 plus the Year 1 cash flow of $500: -$300,000 + $42,573=-$257,427. Similarly, the cumulative for Year 2 is the previous cumulative of -$257,427 plus the Year 2 inflow of $42,573, resulting in –$214,854. We see that by the end of Year 7 the cumulative inflows have more than recovered the initial outflow. Thus, the payback occurred during the third year. If the $40,584 of inflows comes in evenly during Year 3, then the exact payback period can be found as follows: pic] Applying the same procedure to Project High-Tech and Broker, we find Payback period for them is 1. 53 years and 5. 89 years respectively. It is known that the shorter the payback period, the better. As the projects are mutually exclusive, Project High-tech would be accepted but Project current would be rejected. If the projects were mutually exclusive, High-tech would be ranked over Broker and Current because High-Tech has the shorter payback. Mutually exclusive project means that if one project is taken on, the other must be rejected (Brigham, 2004). Discounted Payback Period: In the real world firms use a variant of the regular payback, the discounted payback period, which is similar to the regular payback period except that the expected cash flows are discounted by the project’s cost of capital (WACC). So we can say that the discounted payback period uses the time value of money in its decision. Here, the discounted payback period is defined as the number of years required to recover the investment from discounted net cash flows generated from the project. If we look at the values of discounted cash flows we can find that the discounted payback period for Current project is 9. years whereas High-Tech and Broker project 1. 4 year and 8. 1 years respectively For Projects Current, High-Tech and Broker, project High-Tech ranked higher as compared to the others (Brigham, 2004). Payback Vs Discounted Payback: We can also says, that a payback is a type of â€Å"breakeven† calculation in the sense that if cash flows come in at the expected rate unt il the payback year, then the project will break even for that year. Here the simple payback period doesn’t consider the cost of capital whereas the discounted payback does consider capital costs it shows the breakeven year after covering debt and equity costs. The biggest drawback of both the payback and discounted payback methods is that they ignore cash flows that are paid or received after the payback period of the project. For example, suppose Project High-Tech had an additional cash flow at Year 5 then the discounted and simple payback period will ignore these values. In real live project with more cash flow after the pay back period would be more valuable than Project with no cash flow, yet its payback and discounted payback make it look worse. This is the reason, the shorter the payback period, other things held constant, the greater the project’s liquidity. Apart from this, since cash flows expected in the distant future are generally riskier than near-term cash flows, the payback is often used as an indicator of a project’s riskiness because the longer the payback period the higher is the risk associated with the project (Brigham, 2004) (Fabuzzi, 2003). Overall there is only one major demerit of the discounted cash flow method that it do not consider the cash flow generated by the company after the payback period and due to this a project with high cash flow after the payback period is rejected in front of a project that pays no cash flow after the payback period. Net Present Value (NPV): NPV is known as the best technique in the capital budgeting decisions. There were flows in payback as well as discounted pay back periods because it don’t consider the cash flow after the payback and discounted pay back period. To remove this flows net present value (NPV) method, which relies on discounted cash flow (DCF) techniques is used to find the value of the project by considering the cash flow of the project till its life. To implement this approach, we proceed as follows: a. Find the present value of each cash flow, including all inflows and outflows, discounted at the project’s cost of capital. b. Sum these discounted cash flows; this sum is defined as the project’s NPV. c. If the NPV is positive, the project should be accepted, while if the NPV is negative, it should be rejected. If two projects with positive NPVs are mutually exclusive, the one with the higher NPV should be chosen. [pic] Here CFt is the expected net cash flow at Period t, k is the project’s cost of capital, and n is the life of the project. Cash outflows (initial investments like expenditures such as the cost of buying equipment or building factories) are treated as negative cash flows for the project because the investor cash position decrease with the investment. In evaluating Projects Current, High-Tech and Broker, only CF0 is negative, but for some project the cash flow remains to be uneven (Brigham, 2004). We can find out the most effective project using NPV method by following techniques. An NPV of zero signifies that the project’s cash flows are exactly sufficient to repay the invested capital and to provide the required rate of return on that capital. If a project has a positive NPV, then it is generating more cash than is needed to service the debt and to provide the required return to shareholders, and this excess cash accrues solely to the firm’s stockholders. This is the reason, if a firm takes on a project with a positive NPV, the wealth of the stockholders increases due to inflow of net cash in there investment. If we take the projects Current, High-tech and Broker shareholders’ wealth would decrease by $26,755 if the firm takes on Project Current, increase by $955,065 if it takes the project High-Tech but by only increase by $27,014 if it takes on Project Broker. So we can easily decide, as the projects are mutually exclusive the Project high-tech is ranked higher than the other two (Brigham, 2004). We can also say that there is a direct relationship between NPV and EVA (economic value added of the project. As NPV is equal to the present value of the project’s future EVAs generated each year. This is the reason if a project has a positive NPV its EVA and MVA (market value added, or the excess of the firm’s market value over its book value) will remain positive (Fabuzzi, 2003). This is commonly used capital budgeting technique by the managers in the current scenario. Internal Rate of Return (IRR) The internal rate of return is similar to the concept of calculating bond yield to maturity. Similar concepts are used in capital budgeting when the internal rate of return (IRR) method is used to evaluate any project. The IRR is defined as the discount rate that equates the present value of a project’s expected cash inflows to the present value of the project’s outflows: [pic] Here CFO is the cash out flow from the project where CFI is the cash inflow from the project. Now how we can find the most valuable project using IRR there are following technique that will help to find out which project among Project Current, High-Tech and Broker is most valuable: i) The IRR on a project is its expected rate of return. i) If the internal rate of return exceeds the cost of the capital (WACC) used to finance the project, a surplus will remain after paying for the capital, and this surplus will accrue to the firm’s stockholders. Therefore, taking on a project whose IRR exceeds its cost of capital increases shareholders’ wealth. iii) But, if the internal rate of return is less than the cost of capital, then taking on the project will impose a cost on current stockholders. If we look at the project Current, High-Tech and Broker we can find that for project Current, IRR is 6. 9% where as the cost of capital is 9. 7%, for project High-Tech IRR is 64. 7% and the cost of capital is 9. 17% and for project broker IRR is 11% and cost of capital is 9. 17%. Hence we can decide that project high-tech is more valuable for Guillermo’s Furniture Store (Brigham, 2004) (Fabuzzi, 2003) (Reilly & Brown, 2006). Works Cited Brigham, E. F. , & Houston, J. F. (2004). Fundamental of Financial Management. South Western: Thomson. Brown, & Reilly. (2006). Investement Analysis and Portfolio Management. Thomson ONE – Business School. Fabozzi, F. J. (2003). Financial management and analysis. New Jercy: John willy and sons.