Safety Culture Evaluation Case Study Example | Topics and Well Written Essays - 1000 words

Safety Culture Evaluation - Case Study Example The safety programs are well intent on establishing provisions that ensure the well-being of the company employees. A company that uses this factor is Statistical Analysis Software (SAS). Based on a recent survey, the institution is considered to be the best company to work for (Gustin, 2008). This is attributed to the medical cover that they provide for employees, as well as their children. There is a medical facility in the company premises, which is free of charge for the employees. This safety measure is fundamental, as employees be treated as soon as possible and get back to work. The safety measure is an efficient measure of ensuring the efficiency of the company. It serves that the employees are well assured in terms of safety measures, and if they may have a problem, they can seek medical attention immediately. This reduces the element of wasting valuable working time seeking solutions to a medical problem. These factors prove to improve the efficiency of the company. The establishment of a health facility increases the employee output, as they are motivated to work knowing that they have a medical facility that can ensure that their health is not in danger. Such programs are not common in manufacturing companies, as they are deemed expensive, which may reduce the level of profits that a company will generate. This is because the establishment of a medical facility is a production cost, affecting the level of revenue generated. It is a contributing factor as to why a number of firms, have not invested in a medical facility that can increase the safety measures. Since all firms aim to reduce the cost of operation, several companies will deem a medical facility as a high cost that is not a worthwhile investment. However, it increases the probability of health hazards in the workplace. There are some safety measures, which are established but do not work or do not serve their purpose. An example of such is the fire extinguishers. There

Identifying Consumers' Trends in Canada Research Paper

Identifying Consumers' Trends in Canada - Research Paper Example This report analyzes and examines the changing behavior of the consumers and how important it is for businesses to analyze the consumer trends. Moreover, the report also analyzes how to identify consumer trends and discusses about consumer trend drivers. The report then discusses about changes in the consumer trends towards the food products and how Canadians have been spending on their households, transportation, food and health care. With the changing environment and market, consumer needs and preferences are also changing and one of the changes in the consumer trend that has occurred is in the recent years is towards mobile phones. With the advancement in technology, there has been an increase in ecommerce and online transaction and this report discusses about the trends of online shopping in Canada and also identifies the barriers that could hurt the growth of ecommerce. 1.1. The Importance Of Identifying Consumer Trends Consumers have a very important role to play as their behav ior, actions, thinking can not only influence the businesses but it could influence the overall society as well (Higham, 2003, pg. 9: 2-3). This is the reason why understanding the consumer behavior and identifying the trends of the consumers is very important for businesses (Higham, 2003, pg. 9: 6-7). Consumers are the ones for which businesses offer goods and services, if they are not willing to buy the products, then there is no reason why businesses should sell the products (Higham, 2003, pg. 9: 8-9). So, understanding the consumer needs and preferences is very important. However it is not an easy task as the consumer preference and taste changes and businesses in order to keep up with the changing consumer preferences and trends come up with new products every now and then (Higham, 2003, pg., 9:12-13). According to Mintel’s New Product Database, twenty thousand new products are introduced every month (Higham, 2003, pg. 10:1). However, introduction of new products is not good enough to meet the changing consumer as businesses have to identify the changes in the consumer trends and offer products accordingly. As it has been found that 83% of the products are not able to meet their marketing objectives (Higham, 2003, pg. 10:5-6) and one of the main reasons for this failure is to not understand the consumer trends and what consumers are willing to buy (Higham, 2003, pg. 10: 8). Therefore it reflects how important it is for businesses to understand and identify the consumer trends and how these trends and preferences would shape up in future in order to make sure that their products are able to match with the consumer needs, preferences and taste (Higham, 2003, pg. 10:15:16). Otherwise, the products would not be able to achieve their objectives. 1.2. The Benefits Of Identifying Consumer Trends Businesses offer goods and services for consumers, if there are no consumers then who will be buying the products and services of the business. Consumer trend has been defined as the changes in the behavior of the consumers in the long run that could create opportunities for businesses (Higham, 2003, pg. 16:15). Therefore marketers need to recognize and identify the consumer trends and it is the most important principle that a marketer needs to understand

Depression in Children and Adolescents

Depression in Children and Adolescents I.INTRODUCTION. A. Greeting. Good Afternoon, my name is Sonia Cruz. Today Iï ¿ ½m going to talk about Depression in Children and Adolescents. B. Attention Grabber. Concord McGrath, Michael According to the Centers for Disease Control The suicide rate in the U.S. is 11 per 100,000 people. This makes the national suicide rate significantly higher than the nationï ¿ ½s homicide rate, with three suicides for every two homicides. Many of 30,000 suicides reported annually in the United States result from depression. Depression accounts for two thirds of all suicides. Suicide rates amongst children are especially alarming, with untreated depression identified as the single greatest suicide risk. Suicide ranks as the third leading cause of death for 15 to 24 year olds, and the fourth leading cause of death for children aged 10 to 14 (McGrath, Michael.) C. Credibility Statement. Today I chose to talk about this topic because my best friend started to develop a very severe depression at a very young age I didnt know what was happening to her until she attempted to commit suicide, she opened herself after the incident, and began to relate me how life was so unfair with her and how she rather preferred to die than to live an empty life. D. Relevance. It is important to know what depression is because is not just the blues a child or adolescent may possible have, but it can be a serious mental illness, in addition it is a disorder that affects and causes pain for both the person with the disorder and the ones who care about these young people. E. Thesis Statement My objective today is to inform why children and teens may have depression, the different types of depression young people can experience, as well what can be done to help children and adolescents who suffer from depression. F. Preview. Children and adolescents are the future of our country, however many of these kids and teens are suffering from a mental illness that interfere with their daily life routines. One of these mental health problems is depression a mental illness that is real, painful, and furthermore serious to deal with causing young people to commit suicide. There are different types of depression and have distinctive symptoms, causes, and effects. Being able to identify what kind of depression a children or teen may have can help us to recognize the symptoms, and to be aware if this young people may have depression. G.[Transition] Know im going to talk the reason this young people may suffer from depression. II. BODY. A. Main Point#1: Depression is one of the mental and emotional behaviors that affect everyone including children and adolescents. There have been a lot of research to find out what may cause depression, however there is no a clear understanding of this mental illness at the moment, but the believe it is that is caused by a combination of biological and environmental factors. 1. Depression itï ¿ ½s caused by different factors such as genetics. Children and teenagers that have a family history of depression are more susceptible to get depression although some are not affecting by these genes and are not affected by this mental illness. Genetics can play a big role in depression, still is not the single cause of depression. 2. Life events also play an important role in depression. Infants and teens find very difficult to assimilate a tragic events such as the death of a love one, which can lead to grief and sadness. Other difficult life events are when parents divorced or remarry, or lose of a relationship; even events like moving from neighborhood or changing school can be emotionally challenging enough that can also lead to depression. 3. An additional cause that can lead to depression is the environment in which some children and teens live such as: a negative family atmosphere, or a stressful experience in school that affects their self- esteem and lead to depression. 4. When young people have depression they find difficult to fit in with everyday activities and daily responsibilities. They have difficulties getting along with others and suffer from low self-esteem; signs of depression include: sadness that will not end hopelessness, boredom, unexplained irritability or crying, loss of interest in activities that were once enjoyable, difficulty concentrating, reckless behavior, and frequent thoughts about death or suicide. 5.[Transition] Although it is important to know why children and teens can have depression, it is also important to know the different types of depression these young people can experience. B. Main Point #2 According to Schoenstadt, Arthur There are a number of different types of depression that a person can experience. Several of them start during the teenage years. The most frequently diagnosed types of depression in teens include: Major depression Dysthymia and Bipolar disorder (Schoenstadt, Arthur) 1.Major depression: Major depression is also known as clinical depression,unipolar depression, and major depressive disorder. This type of depression last at least 7 to 9 months and its symptoms are lack of pleasure in activities that were once enjoyable, persistent feel of sadness sleep problems, loss of appetite, inability to concentrate, memory problems, and aches and pains. People who suffer from this condition often feel worthless, helpless, and hopeless about their ability to fix things. Children and teens who suffer from this kind of depression relay on sleep because when they wake up they see the real world as their nightmare.Sometimes, when major depression goes untreated, it will run its course and leave by itself. Recent research has shown that genetic and stress play a role in major depression . 2.Dysthymia depression: Dysthymia depression also known as double depression. This kind of depression last at least two weeks this depression its almost the same as major depression the only difference its that has milder symptoms and last shorter. Some symptoms of dystymia depression in children and teens are: poor school or work performance, social withdrawal ,shyness ,irritable hostility ,conflicts with family and friends and sleep irregularities According to Healthy Place About three percent of the population will suffer from dysthymia at some time a rate slightly lower than the rate of major depression. Like major depression, dysthymia occurs twice as often in women as it does in men. It is also more common among the poor and the unmarried. The symptoms of dysthymia usually appear in adolescence or young adulthood but in some cases do not emerge until middle age. 3.Bipolar depression disorder: Bipolar disorder also known as Manic-depressive illness this type of depression has severe symptoms this disorder causes change in moods as an example people who experience this disorder experience unusually intense emotional state that occur in distinct period its called mood episodes or an overly joyful state is called manic episode and an extremely sad or hopeless state is called a mixed state. Another symptom is the change on energy, activity levels and the ability to do normal tasks in daily routines. Bipolar disorder symptoms can result in damaged relationships, poor school or job performance, and may even lead to suicide. Some people start to develop this disorder during childhood, but normally develops in a persons late teens 4.[Transition] Equally important is to know what can be done to help children and teens who suffer from depression. C. Main Point #3 When children and teens are depressed it doesnt affect them only, it also affect the ones who care about him. That is why relatives and friend should be aware of what can they do to help. The first and most important thing relatives and friend can do to help a young person with depression is to seek professional help. 1. A doctor or mental health professional will make an evaluation and will diagnostic if the child or teen have depression; why he or she might have depression and what type of depression she or he might have.Once diagnosed, the child or teen with depression she or he can be treated with a number of methods. The most common treatments are psychotherapy and antidepressants. 2. Psychotherapy is the treatment of mental and emotional disorders through the use of psychological techniques designed to encourage communication of conflicts and insight into problems, with the goal being personality growth and behavior modification.This process is often call talk therapy because it involves the patient and therapist sitting in a room talking. Concord Schimelpfening, Nanci Psychotherapy can be an effective treatment for depression, because it helps the patient delve into the underlying reasons for his depression and learn new coping skills. Good evidence exists that one particular type of psychotherapy, called cognitive-behavioral therapy, may be just as effective as an antidepressant in treating depression. Several studies suggest, however, that the combination of an antidepressant and psychotherapy is the best approach. While psychotherapy is useful for ferreting out the psychological factors that contribute to depression, antidepressant medication corrects the underlying chemical imbalance( Schimelpfening, Nanci).Psychotherapy treatments are usually the first choice for children and adolescents this can be an individual therapy or a family therapy or both. 3. According to the National Institute of Mental Health Depression is commonly treated with antidepressant medications. Antidepressants work to balance some of the natural chemicals in our brains. These chemicals are called neurotransmitters, and they affect our mood and emotional responses (Depression). Antidepressants are prescription drugs that help people achieve their recovery, but as all drugs it have many benefits as well side effecs that is why these antidepressants should only be taken under a doctors supervision, whether antidepressant medication is the best treatment option depends on how severe the child or teen depression is, their history of illness, and their personal preferences, most teens do best with a combination of medications for depression and therapy. 4.When children and adolescents are going through treatment is important to support them to listen to them and to tell them how important they are. III. CONCLUSION A. Signal Before concluding my talk. I hope and i make clear what is depresion on children and adolescent. B. Thesis Restatement. My purpose today was to give you information about the different types of depression young people can experience, as well what can be done to help children and adolescents who suffer from depression. C.Summary of Main Points. 1.Main Point #1 Know you know that depression is a mental and emotional illness that can have many different factors such as biological and environmental. 2.Main Point#2 Secondly and not least important we have a clear understanding of the different types of depression and how they affect children and adolescents. 3.Main Point#3 Today we also learn what can relatives and friends can do to help a child or teen who is facind depression. D.Concluding Remarks,Memorable Statement, and/or call to action Why live? Why die? to keep on living an empty life. these word were from a 14 years old who commit suicide from depression

Class Distinction Shown in The Prince and the Pauper Essay example --

In his book, The Prince and the Pauper, Mark Twain highlights class distinction very often. It plays an immensely important role in his novel, because Twain places his two main characters in the total extremes of the social class. Through these characters, Edward and Tom, Twain illustrates the vast difference between the high and low ends of the social class in England, shows how ignorant they were of each other, proves that a person's social status was determined by his appearance, and demonstrates that social status does not show the true worth of a person. Throughout the whole book, Twain shows that there is a huge difference between the English Royalty and the slums. He does this by describing Tom's and Edward's homes, the people surrounding them, their way of life, and the way they dressed. The first chapter of Twain's book starts out like this: In the ancient city of London, on a certain autumn day in the second quarter of the sixteenth century, a boy was born to a poor family of the name of Canty, who did not want him. On the same day another English child was born to a rich family of the name of Tudor, who did want him. (15) Already in the first two sentences, he shows a drastic difference between the two main characters. Tom was an unwanted child, but the whole nation had been longing for the birth of Edward. Later on in the chapter he makes a comment about their clothes, saying that Tom was â€Å"lapped in his poor rags,† and Edward â€Å"lay lapped in silks and satin† (15). Twain uses Tom's and Edward's homes as another way to portray class distinction. He describes the places where they live so vividly that the reader can almost visualize it in his head. Tom lived on Offal Court, and the name fit his situation pre... ...ction can be found on almost every page. Twain uses it to portray his own views on England's social classes. Works Cited Paul, Kathleen. "The Prince and the Pauper." Masterplots II: Juvenile and Young Adult Fiction Series (1991). Literary Reference Center. EBSCO. North Haledon Free Public Library, North Haledon, NJ. 3 Jan. 2009 . "The Prince and the Pauper." Masterplots, Revised Second Edition (1996). Literary Reference Center. EBSCO. North Haledon Free Public Library, North Haledon, NJ. 3 Jan. 2009 . Twain, Mark. The Prince and the Pauper. New York: Harper and Row, Publishers, Inc., 1964.

Learning Theories Based on Behavioral Perspectives Essay

Behaviorism is a school of thought in psychology based on the assumption that learning occurs through interactions with the environment (Cherry,2011). Two other assumptions of this theory are that the environment shapes behaviour and that taking internal mental states into consideration is useless in explaining behaviour. Ivan Pavlov, a Russian physiologist discovered the classical conditioning in the 1920s. Classical conditioning focuses on the learning of involuntary emotional or physiological responses. In his laboratory, Pavlov was in a dead end by his experiments to determine how long it took a dog to secrete digestive juices after it had been fed, but the intervals of time kept changing. At first, the dogs salivated in the expected manner while they were being fed. Then the dogs began to salivate as soon as they saw the food. Finally, they salivated as soon as they saw the scientists enter the room. Pavlov decided to make a detour from his original experiments and examine these unexpected interferences in his work. In one of his experiments, Pavlov began by sounding a tuning fork and recording a dog’s response. There was no salivation. At this point, the sound of the tuning fork was a neutral stimulus because it brought forth no salivation. Then Pavlov fed the dog. The response was salivation. The food was an unconditioned stimulus (US) because no prior training or conditioning was establish the natural connection. The salivation was an unconditioned response (UR) because it occurred automatically-no conditioning required. Using the food, the salivation, a tuning fork, Pavlov demonstrated that a dog could be conditioned to salivate after hearing the tuning fork. At the beginning of the experiment, Pavlov sounded the fork and then quickly fed the dog. After he repeated this several times, the dog began to salivate after hearing the sound but before receiving the food. Now the sound has become a conditioned stimulus (CS) which bring forth salivation by itself. The response of salivating after the tone was now a conditions response (CR). In my opinion, this method can be very useful for people to train their pets. These techniques also useful in the treatment of phobias or anxiety problems. Teachers can apply classical conditioning in the class to familiarize students with new environments and help students overcome their anxiety. John B. Watson further extended Pavlov’s work and applied it to human being. In 1921, Watson started the Little Albert experiment. The goal was to condition Albert to become afraid of a white rat by pairing it with a very loud noise (UCS). At first, Albert showed no sign of fear when he was presented with rats, but once the rat was repeatedly paired with the loud noise (UCS),Albert developed a fear of rats. It could be said that the loud noise (UCS) induced fear (UCR). In my opinion, Watson’s theory of classical conditioning can be use to create a phobia. I think that this method can be applied to trigger feelings of fear toward something harmful or dangerous in order to avoid something bad from happening. It can be used in a classroom to teach students what is bad and cannot do. Operant conditioning is a method of learning that occurs through rewards and punishments for behaviour. Through operant conditioning, an association is made between a behaviour and a consequence for that behaviour. Operant conditioning was coined by behaviourist B.P.Skinner. He believed that internal thoughts and motivations could not be used to explain behaviour. Instead, he suggested that we should look only at the external, observable causes of human behaviour. Skinner’s system is based on operant conditioning. One of the key concepts in operant conditioning is reinforcement. Reinforcement is any event that strengthens or increase the behaviour it follows. There are two kinds of reinforcers; positive reinforcers and negative reinforcers. Positive reinforcers are favourable events or outcomes that are presented after the behaviour. Negative reinforcers involve the removal of an unfavourable events or outcomes after the display of a behaviour. In both of these cases of reinfo rcement, the behaviour increases. This operant conditioning work all around us in everyday life. Children completing a task to get a reward from parent or teachers or even employees try hard to finish a project are examples of operant condition. In my point of view, these kind of activities are useful for they give pleasant results and make the individuals work hard when completing something. Some ill-behaviour also can be removed if it brings bad effect to the individual. Thus, operant behaviour will be enhanced and unpleasant stimulus will be removed. In a nutshell, I think all of this learning theories inspired by Pavlov, Watson and Skinner are essential in introducing the first learning theories of education. Scientists are able to produce a variety of new learning theories based on their experiments. They are the pioneers in creating the initial theories of education and a source of reference to those involved in education.

Pets.com Case Analysis Essay

INTRODUCTION In this report I will analyse Pets.com’s short lived success as America’s number one online supplier of pet foods supplies and accessories. I will also identify what actually went wrong and present a refreshed offensive marketing strategy to the board of the company. It was unbelievable how a public listed company led by some of the world’s best business executives, draped by all the funds that any company in the world would envy, partnered with the world’s number one e-commerce company and became America’s pet industry icon can lose everything in less than two years after its first introduction. In my opinion some of the major factors that contributed to Pets.com failure were: 1. Bad strategic decisions made by the previous leadership including underestimating the cost of operations and overspending on marketing. The management was so obsessed grabbing the market share but at the same time losing their focus altogether on their actual goal and objectives, which is generating revenue for the company and become profitable to ensure sustainability. 2. Despite its success in building brand recognition, Pets.com overestimated the market trend and power of the internet. They were also overconfident in estimating the market real potential and risk due very shallow and weak market research. When everyone was rushing to jump onto the internet e-commerce guaranteed-for-success bandwagon, Pets.com did not realize pet business was not that simple but in fact more complicated compared to selling books and clothes online. After all the costly marketing promotions and advertisements, overnight popularity, having the most complete online product offerings and latest technology at their disposal, still in the end Pets.com failed to show much added value and differentiators in the eyes of the customers. 3. Completely ignored the power of traditional brick and mortar business model. Pets.com failed to understand their rivals strengths and weaknesses well. Better customer care, satisfying personal shopping experience and fast  delivery are some of the advantages physical stores had over online pet portals. Pet owners appreciation of these traditional values affected typical pet-owners’ readiness and willingness to completely abandon their friendly and trusted around-the-corner neighbourhood pet store. COMPETITOR ANALYSIS The previous company did not bring up a good proposal in opposing its competitors. It was so obvious that they ignored the fact that traditional pet store was very much controlling the pet food and supplies market. Underestimating the strengths and advantage of their more traditional brickand-mortar based rivals like Petstore, Petsmart and Petopia was the first biggest mistake they had done. Competitor Analysis  Petopia.com 1. Heavily funded by Petco, market leader in pets accessories and supplies industry 2. Well established physical stores plus e-commerce business model 3. Leverage on Petco’s good and well known reputation as supplier of quality pet products and its commitment to animal care. 4. Petopia will gain invaluable access to Petco’s extensive network of chain stores which both companies can cross-promote each other: a. Have nationwide coverage with 465 chain stores all over US b. Strong international presence with 100 stores globally 5. Potential Pes.com future international expansion thru strategic alliance with another major investor Groupe Arnault (linked to renowned LVHM Moet Henessey Loius Vuitton) PetSmart.com 1. Already a successful brick and mortar business on its own right. Considered as Petco’s main brick and mortar competitor 2. Joint venture with e-commerce entrepreneur Bill Gross of Idealab become direct competition to Pets.com-Amazon’s team up. 3. Well established physical stores plus e-commerce business model 4. Strong back-end warehouse and delivery systems with already 500 stores nationwide and 100 outside US. 5. Strong brand name, marketing clout, close vendor relationships and  efficient product portfolios and fulfilment systems that would greatly benefit their online business. Petstore.com 1. Funded by venture capital firm Battery Ventures 2. Rely entirely on the power of e-commerce. Work on the same business model as Pets.com, establish a leadership position with ‘category killer’ domain name 3. Just like Pets.com, Petstore relied heavily on advertising and promotions 4. No physical store establishment At the end of the day, after the big dotcom bubble burst, only Petopia (now owned by Petco) and PetSmart survived. Petstore and Pets.com itself succumbed to the dotcom bubble burst. Two most obvious factors that set apart the two victors and losers are: 1. PetSmart and Petopia had a strong back-end warehouse backing and chains of physical stores that in the end reduce distribution costs, storage, ensure satisfactory delivery period and value-add traditional shopping experience and satisfaction. Unlike the two, Pets.com and Petstore.com relied entirely on the internet of which later compromised basic pet owners’ needs and customer satisfaction. 2. Pets.com and Petstore relied heavily on funding from venture capital firms while Petopia and PetrSmart already have strong infrastructures and customer network they can always depend on if anything goes wrong over the internet. This proves deadly when Pets.com failed to gain enough added capital injection to save them from becoming dotcom bubble’s biggest casualty. It is very important for us to re-align our goal and strategically repositions ourselves in this industry. The following SWOT analysis shall analyses our key strengths and weaknesses. Pets.com’s SWOT Analysis STRENGTH 1. Huge cash to spend. Heavily funded. Backed by Amazon.com. 2. Direct access to Amazon.com’s network resources and e-commerce skills and expertise, so technology skills and know-how is not an issue. 3. Strategic alliance with Yahoo!, GO.com (Disney), Discovery TV network (Animal Planet) and association with the American Veterinar Medical Foundation can be a very strong network positioning strategy. 4. Pets.com is the most recognizable domain name, highly visible website with most comprehensive website content and best design. Pets.com website is so popular in the internet and mainstream media that at one time becomes the most visited pet supplies website in the world. 5. Most competitive price and service offerings (plus free delivery). Able to offer quality products of which becoming today’s key plus factor to the passionate middle-class and high income pet owners. 6. Largest stock keeping units (SKUs) in America to ensure reliable supply and on time delivery to customers. WEAKNESS 1. Competitors offer similar products. Pets.com still could not find key market differentiator. 2. Huge expectation on online marketing and promotion. Specialized team to maintain up-todate and latest website content and information may incur increasing administration costs. 3. Pets.com have weak brand name as compared to more established rivals. 4. Pets.com don’t have physical stores presence nationwide and globally. 5. Reliability and security on the internet can halt and even destroy online business almost overnight. 6. High transportation costs and insurance liability due to free delivery policy to customers regardless location 7. Geographical factors, warehouse location and distance may result to 2-3 days for orders to reach American homes OPPORTUNITIES 1. Pets.com can leverage further on Amazon’s full potential-market penetration and trustworthy e-commerce reputation 2. Can take full advantage on average American pet owners passion and spending habits on pet food and supplies 3. The right time to tap into the world’s fast growing and lucrative national and international markets. 4. Can take advantage on the fact that most trusted and high quality pet foods are produced in the US 5. Can take advantage on average American pet owners’ hectic lifestyle. Promote cost and time saving. 6. Average American pet owners are economically stable. Price is not a big issue. 7. Develop own brand name and proprietary products THREAT 1. There will always be a better competitors’ website content and offerings 2. Don’t underestimate internet capabilities-consider problems at remote sites and countryside 3. Simpler user-friendly blogs, mobile applications and smartphones can replace website 4. Increasing transportation and shipping costs 5. Transportation risk-lost and damage 6. Internet customer bad experience, unfavourable comments and reviews can sabotage any 3  online business that is not ready and fully prepared 7.Growing e-commerce safety concerns can influence internet users to just browse and shop at competitor’s outlet 8. Competitors physical stores at almost US neighbourhoods-providing more human approach (touch and feel) and faster delivery time 9. Hard habit to break-still many pet owners prefer visit local neighbourhood stores than buying online 10. Competition by any brick and mortar neighbourhood establishment Pet supplies are not books. People only order pizzas online-Amazon.com strategy may not work at certain environment and condition. Pets.com need to show better  value-add and pull-factor. SEGMENTATION ANALYSIS Pets.com have the best products to offer and the technology to drive this online business model to success, but in the end not understanding the consumer’s real needs, behaviour and spending habits can prove vital to the company’s survival and relevancy. According to study reports by The NPD Group, Inc. and Media Metrix (NASDAQ: MMXI), 75% of pet owners who access the Internet are aware of online pet stores, up from 55% in September 1999. Twenty-seven percent have shopped at an online pet store, while 14% made an actual purchased at an online pet store. Study confirms that almost three times as many pet owners become aware of online pet stores from television advertising compared to last year, while fewer are learning about sites from surfing the Web. Though television advertising in the category is growing, consumers are still more likely to find out about pet e-tailers from some online source, such as clicking on a banner ad or direct link from another site. The good news for marketers is that while category penetration is still low, customer satisfaction is high. Among the 14% who have purchased, a whopping 97% of them are satisfied with their buying experience. More than two-thirds reported being very satisfied (68%), up from just over one-half in September of 1999 (53%). The majority of consumers who have shopped at pet store sites said they are likely to shop again in the next three months (59%), and half would make a purchase sometime in the future (49%). Not surprisingly, those consumers who are very satisfied with their buying experiences at online pet stores in general are much more likely to make a purchase in the future than those who have not. The Pet Industry In 1998, pet industry is a US53billion a year marketplace. Worldwide estimates run about $51 billion, and growing at a rate of about 15 percent a  year. By the end of 2004, online pet-product sales alone should total more than $4.5 billion. Pet food, accessories and supplies tops US household shopping list with Pets leading with USD23 billion a year, Toys US21billion a year. Music recording US13 billion a year and Retail books at US 12 billion a year. Expert prediction is the pet industry may grow to US28billion a year business by 2001. 1. 60% of American households own at least one pet and 40% own more than one pet. Statistics in 1999 shows 53 million are dogs and 59 million are cats. 2. American families with children age 5-15 likely to own pets and families with children younger than 18 will grow over the next several years 3. Even though online shopping for pet foods and supplies are still new to the consumers, nearly 30% of internet users purchase online pet products. Pet owning households wealthier than average thus able to spend more on pets (65% household earning US60000 or more are pet owners). Almost two-thirds of all American households have at least one pet, and that translates into an estimated $23 billion a year in pet expenditures in the U.S. alone. 4. Veterinary,boarding,grooming,training yielded higher margins. 5. Most pet owners buy on impulse during regular shopping trips and they are less price sensitive 6. US pet owners sought veterinary care at least once a year of which 92% are on dogs and 78% on cats care. Between 1991-1999 US vet expenditure grew 9.5% annually 7. By mid 1990s supermarket pet food began losing market share amid growing concern for pet welfare and nutrition. Non-premium low nutrient levels supermarket brands hold 55% of market share mostly thru grocery and convenience stores. They anyhow demonstrate slow annual growth and small gross margins. Premium levels on the other hand promote healthier diet but risk restricted distribution. From 19940-1999 they contributed to 18% annual growth and own 25% of market share. 8. Supermarkets prefer to stock profitable goods but they face problem with space to store bulks. Pet supply stores on the other hand have the storage advantage. Despite that brick-and-mortar margin still low between 2-4%. 9. Internet and retail commerce trends shows estimated 97 million households are using internet worldwide. By 1998-60% households on internet at least once a day compare 35% year before. Surfing the internet has become part of part of daily American life. In 1998 internet companies in the US generated USD301.4 billion revenues from the internet and internet commerce alone contributed 1/3 of total revenue equals to USD101.9 billion 10. Even though pets product online just started in 1999, survey shows high level of satisfaction among online shoppers. More than half of 30% internet users purchase online pet products, more than half very satisfied. Survey shows: a. 68% are females b. 40% bought toys for pets online c. 30% bought foods/treats d. 26% non-food accessories e. 17% health products 11. The main reasons why they buy online was convenience but experts claim it is limited to small market only and it is also outweighed by higher costs and longer waits. THE MARKETING OFFENSIVE When more than one company offers the same kind of product, each company only receives a percentage of all sales of that kind of product. This percentage is called a â€Å"market share,† and any effort to take some of the market share away from one company and bring it to another is called an offensive marketing plan. Marketing is all about building relationships. It’s about educating (and maybe even entertaining) your customer. While we must not deny the growing influence of the internet, Pets.com must not underestimate the power of traditional pet business model. Alternative strategies that could improve Pets.com: 1. Decrease the advertising and marketing budgets a. This will create opportunity to relocate funds elsewhere such people development and customer care b. Ability to make-up for low sales volume c. Wasting less money on expensive marketing promotions 2. Open warehouses and brick-and-mortar establishments to increase distribution a. Ability to ship products in shorter distances to reduce transportation costs and risks b. Provide faster delivery time may increase competitive advantage c. More readily available products for easier delivery or for exchanges 3. Redo pricing structure for more competitive prices a. Make profits on the product not on the inflated shipping costs b. Pets.com can offer ‘free shipping’ promotions without selling at price below costs c. Consumer’s assurance on Pets.com product quality will keep existing customers and introduce new ones. Customer satisfaction leads to customer loyalty. 4. Invest the use of new media such social networking and blogs. This may attract younger generation of pet owners 5. Introduce subscription and loyalty program. Other than improving customer retention it can also be used qualification tools to offer free delivery or charge based on geographical location and distance. 6. Improve Pets.com brand name. Association with Amazon and Animal Planet may prove very useful in attracting loyal fans. 7. Collaboration with vets and animal clinics promoted as local distributors can reduce delivery time and stock availability. 8. Identify specific target groups. For example individual consumers will more readily use products used by government facilities and pet care professionals. CONCLUSION The failure of Pets.com was not because the online business model. In fact it was more to mismanagement of funds, business planning based only on short term analysis, poor market understanding and research, underestimating  traditional rivals and overestimating the power of internet. It was a classic case of bad strategy. The failure to face the challenge. â€Å"If you fail to identify and analyse the obstacles, you don’t have a strategy. Instead, you have a stretch goal or a budget or a list of things you wish would happen.† Pets.com was an early entry in the immature online shopping industry and was uncertain whether a substantial market niche even existed. No independent market research preceded the launch of Pets.com. Instead, the management chose a â€Å"land grab† strategy focused on increasing its market share then finding ways to make a profit. The â€Å"land grab† strategy presupposes that your market is large enough or will grow fast enough so that revenue allows a profit before seed money runs out. Pets.com wished that it would magically become profitable while it waited for the market to mature. During its first fiscal year (February to September 1999) Pets.com earned revenues of $619,000, yet spent $11.8 million on advertising. It failed to realize its problem would not be gaining market share, but generating revenue to sustain it until it could place adequate resources into market share focused strategies. Mistaking goals for strategy. â€Å"Create the conditions that will make the push effective, to have a strategy worthy of the effort called upon.†Ã‚  When the company did turn its focus to its business model, it created unrealistic conditions in which to operate effectively. For example, Pets.com offered a guaranteed $4.95 shipping to anywhere in the United States. Unfortunately, Pets.com initially only had one distribution warehouse in California and every shipment to the East Coast cost more than $4.95 and therefore shipped at a loss. It lost money on nearly every sale because, even before the cost of advertising, it was selling merchandise for approximately 1/3rd the price it paid to obtain the products. During its second fiscal year the company continued to sell merchandise for approximately 27% less than cost. The company had it sites on being the number one online pet supplier but failed to leverage key strengths to build on other than a very costly push for brand recogn ition. Bad strategic objectives. â€Å"A scrambled mess of things to accomplish—a dog’s dinner of goals. A long list of things to do, often mislabeled as strategies or objectives, is not a strategy†¦Good strategy, in contrast, works by focusing energy and resources on one, or a very few, pivotal objectives whose accomplishment will lead to a cascade of favorable outcomes.† As I researched Pet.com history, I was amazed by the number of â€Å"strategies† the leadership claimed. Not all inclusive, CEO Julie Wainright and executives focused on numerous initiatives in an attempt to stand out from the competition. 1. Strive to offer a huge variety of product offerings; it listed more stock keeping units than any other online pet supplier 2. Offer abundant editorial advice from veterinarians, animal lawyers, breeders, scientists, and pet experts 3. Extend its brand offline in the Pets.com print magazine 4. Develop and offer its own proprietary brand of Pets.com pet supplies 5. Acquire a key competitor, Petstore.com 6. Create alliances to allow Pets.com to offer animal health insurance, be the featured petstore on the Yahoo! link to pet health advice, be a part of the Go.com (Disney) network, and establish charitable foundations. These all seem like good objectives, if focused on one at a time. They also seem like objectives fueled by capital but not sustained by revenues. The management of the company appeared so focused on several objectives that it never developed a solid business model focused on being profitable and generating sustainable returns. Fluff – â€Å"Superficial abstraction†¦designed to mask the absence of thought.† According to analyst Jacques Chevron, â€Å"Pets.com failed to give its prospective customers a reason for its existence. Its tongue-in-cheek advertising claim (â€Å"Because pets don’t drive†) seemed like an  admission of its lack of a reason for being.† Pets.com seemed focused on being the most comprehensive site for pet owners that it failed to be  successful in any of its objectives. While it continued to claim it was the one-stop site for all pet needs, it never established a reputation as being good at anything other than advertising. Bibliography 1. Pets.com: Rise and Decline of a Pet Supply Retailer by Dr Omar Merlo 2. The Rise and Fall of Pets.com: †Because Pets Can’t Buy† by Cara L.O Peters (University of Georgia) and Marilyn J. Okleshen (Minnesota State University) 3. Pets.com failure and its causes http://my-espace09.blogspot.com/2009/01/petscom-failureand-its-causes.html 4. Pet & Pet Supplies Stores Industry Statistics Research Report – Anything Research 2010. 5. US Pet Market Outlook – Packaged Facts 2009.

Literary Terms Essay Example

Literary Terms Essay Example Literary Terms Essay Literary Terms Essay University of Phoenix Material Define each of the 11 terms listed below. These definitions must be in your own words; if you use any outside sources, it must be paraphrased, not quoted, and all such sources must be cited using APA citation practices. Additionally, each definition must also identify and explain an example of the term found in one or more of the reading assignments for Week One. LITERARY TERMS AND CONCEPTS TO DEFINE – Week One Allusion- An allusion is a reference contained by literal work. Example: â€Å"Or make the dust buzz with light spray† From Old Florist by Theodore Roethke (p. 242) Connotation:† He so immediately took me into the circle of his affection, that I glowed with the warmth of it† From† The Hack Driver by Sinclair Lewis (pp. 57:†Botched, it smears the hands, crumbles to dust† From To Be of Use by Marge Piercy (pp. 248-249) Figurative language- A type of language that is express as a metaphor. Example: â€Å"They seem to become native of that element the black sleek heads of seals bouncing like half submerged balls† From To Be of Use by Marge Piercy (pp. 248: â€Å"The work of the world is common as mud. † From To Be of Use by Marge Piercy (pp. 248: â€Å"I love people who harness themselves, an ox to a heavy cart, who pull like water buffalo, with massive patience, who strain in the mud and he muck to move things forward, who do what has to be done, again and again† From To Be of Use by Marge Piercy (pp. 248:† I’ll get out the boneshaker and we can drive around together and find Lutkins† From The Hack Driver by Sinclair Lewis (pp. 57: â€Å"Or stand all night watering roses† From Old Florist by Theodore Roethke (p. 242) Personification- A figure of speech where an object is given human characteristics. Want to get a price estimate for your Essay? Deadline Paper type Essay (Any Type) Admission Essay Annotated Bibliography Argumentative Essay Article Review Book/Movie Review Business Plan Case Study Coursework Creative Writing Critical Thinking Presentation or Speech Research Paper Research Proposal Term Paper Thesis Other Article (Any Type) Content (Any Type) Q&A Capstone Project Dissertation Lab Report Scholarship Essay Math Problem Statistic Project Research Summary Assignment Dissertation chapter Speech Dissertation chapter: Abstract Dissertation chapter: Introduction Dissertation chapter: Hypothesis Dissertation chapter: Literature Review Dissertation chapter: Methodology Dissertation chapter: Analysis/Results Dissertation chapter: Discussion Dissertation chapter: Conclusion Dissertation Proposal Thesis Statement Thesis Proposal Application Essay Pages 550 words(double spaced) 126 writers online Check Price A limited time offer! Get custom paper sample written according to your requirements urgent 3h delivery guaranteed Order now Literary terms Essay For example, we refer to foot soldiers for Infantry and field hands for manual laborers who work in agriculture. Syntax- the ordering of words Into patterns or sentences. If a writer shifts words from the usual word order, you know oh are dealing with an older style of writing or an author who wants to shift emphasis onto a particular word. Alliteration repetition of consonants, especially at the beginnings of words sonnet lyric stanza of fourteen lines with an elaborate rhyme scheme written in iambic pentameter stanza a division in the formal pattern of a poem narrative ?tells a story speaker?who is the Voice of the poem? Choice distinctive feature of a written work displayed by the narrator/speaker, assessed in terms of tone, style, or personality, and how the speaker addresses the deader mood the feeling created in the reader by a literary work or passage, often suggested through descriptive details tone the writers attitude toward his/her audience and subject blabs an incli nation or preference that Interferes with impartial Judgment audience body of listeners/spectators/readers! Repose Intended goal or desired result Literary terms for 10th grade By Judiciary allusion reference to a person, place, or event that is well known antithesis repetition of an idea by stating its negative or opposite connotation?the range of rather associations that a word or phrase suggests in addition to its straightforward dictionary meaning (the denotation of a word) ellipsis omission of part of a passage or parallel construction (sometimes indicated by: imagery descriptive of the 5 senses) metaphor an implied comparison, stating that one object is nonhuman indirect characterization an author tells what the character looks like, does, and says, as well as how other characters react to him or her. It is up to the reader to draw conclusions. Direct characterization the author directly states a harassers traits and attributes figurative language language used to he lp the for the whole. For example, we refer to foot soldiers for infantry and field hands for manual laborers who work in agriculture. Syntax- the ordering of words into emphasis onto a particular word. Alliteration repetition of consonants, especially at the beginnings of words sonnet lyric stanza of fourteen lines with an elaborate audience and subject bias an inclination or preference that interferes with purpose intended goal or desired result

Victimology Essay Example

Victimology Essay Example Victimology Essay Victimology Essay Table of contents Section A – Definition of Secondary Victimisation – Secondary Victimisation in the tribunal procedure – Article – Discussion of article – Decision P. 3 p. 3 p. 3 p. 4 p. 6 p. 6 Section B – Introduction – Definition – Victims rights in footings of victim impact statements And the legal proviso made for them in South Africa – Decision p. 7 p. 7 p. 7 Bibliography p. 9 2 p. 7 p. 8 Section A Definition of Secondary victimisation Secondary exploitation can be defined as the insensitive. victim-blaming attitudes. behaviors and patterns held by establishments and community service suppliers ensuing in extra injury for an already traumatised victim of offense. particularly for those who are victims of a sexual offense such as colza or molestation. ( hypertext transfer protocol: //rapecrisis. org. za/ ) . Secondary exploitation in the tribunal procedure Reporting a offense and traveling through the condemnable justness procedure is normally where secondary exploitation starts when describing a sexual offense to the constabulary. the victim is frequently left feeling exposed and slightly embarrassed about what happened. The victim is bombarded with many inquiries and paper work and they receive really small emotional support. The victim may experience that he/she has to live over the offense. This can be highly overpowering to the victim and intensifies the injury. In many instances the victim is discouraged by household members to even describe the offense. allow alone ballad charges ( UNISA Study Guide for CMY3705. p71 ) The victim may experience that he/she has small support and is left experiencing stray and entirely. Geting the instance to tribunal is a drawn-out. sulky and disorganized procedure and a really frustrating one at that. The victim normally wants to acquire the whole procedure over and done with every bit shortly as possible so that he/she can come to footings with the traumatic event and travel on with their lives. When the instance finally does stop up in tribunal the victim may experience overwhelmed by the strange and unknown environment and by the fact that he/she does non hold extended cognition of the tribunal procedure ; it is all really unfamiliar and really daunting. Quite frequently the victim is non told why he/she is being asked certain inquiries and is non kept updated on the advancement of the probe or the test. All of these factors intensify the injury that the victim is sing. ( UNISA Study Guide for CMY3705. p71 ) A big lending factor to the fact that certain establishments may do secondary exploitation is the deficiency of cognition or the retention of certain beliefs refering to ravish or sexual offenses. Some people may accept certain types of myths and stereotypes about colza which leads them to handling the victim insensitively. ( hypertext transfer protocol: //rapecrisis. org. za/ ) . 3 Article Women’s Month: One in Nine Campaign: The 1 in 9 run started out concentrating on the one adult female in nine who reports being raped. but has moved on to seek besides include the other eight subsisters. says Kwezilomso Ndazayo. Anyone who followed the Jacob Zuma colza test in 2006 shortly became familiar with the sight of groups of adult females outside the courtroom. have oning violet jerseies and bearing posters naming for justness. The run was born at that place. because the adult female who had laid the charge was one of our clients and we supported her. explains Kwezilomso Ndazayo. undertaking officer for the run. The research shows that merely one adult female in nine will take a colza instance to the condemnable justness system – we realized that those who dared to talk out needed our support. For many adult females. the cost of seeing a colza instance through the condemnable justness system is merely excessively high – peculiarly as strong belief rates are so low. Many adult females say that the tribunal procedure makes it experience as if they are being raped once more. This secondary victimization frequently begins from the minute they set pes in a constabulary station or infirmary. peculiarly if they are from a marginalized group such as tribades or hapless on the job category adult females. The strong belief rate is so dismaying that many subsisters see no point in subjecting themselves to a procedure that can take five old ages. if they have no religion in acquiring a strong belief. Part of the job is the innocent victim discourse frequently played out in the media. in which any adult female who is a sapphic. HIV positive. who drinks intoxicant or has of all time engaged in consensual sex is seen as blameworthy and non meriting of regard and compassion. non to advert justness. For illustration. there has been a batch of research looking at how force against adult females puts them at hazard of undertaking HIV. Now we are looking at it from another angle: how does being HIV positive put adult females at hazard of force? Kwezilomso says the Zuma instance raised legion issues about HIV. gender and civilization and helped members of the run to see that non merely should they go on but that they needed to broaden their attack. Just because the other eight adult females don’t follow the justness system path. it doesn’t mean they are non talking out in other ways. In a society that has normalized the abnormal and which appears complacent about the inordinately high degree of force against adult females and kids. the members of the run are determined to maintain talking out. Its of import that we holding voices that point out that this is non an acceptable province for adult females to be populating in. It besides helps subsisters by confirming that this is non normal. At the same clip we are cognizant of the effects of adult females talking truth to power and are careful non to jeopardize members of the run. 4 One in Nine is a member-based run that does protagonism in a assortment of ways. from running Young Women’s Leadership programmes across the states. to classs with the CDP on Art as Advocacy where adult females create their ain run stuffs such as jerseies and streamers. We are presently roll uping a usher written for colza subsisters by subsisters. This is of import. as most other ushers are written by faculty members or militants. but lone subsisters who have themselves have been through the system can state them what to anticipate. Kwezilomso besides points out that while the condemnable justness system is the most obvious symbol of the failure to protect adult females. there are many other sites of power that have an impact on women’s lives. runing from Parliament to the wellness system to the constabulary force. The province demands to be held accountable for issues like the backlog in the justness system. and we encourage active citizenship to guarantee that responsibility carriers do what they are supposed to make. But the full system is stacked against adult females. Even if there was a different authorities in office. the same system would stay. The province is a tool of control. to set people in their topographic point and close them up. The bigger inquiry is how we transform society. from the underside right up to the highest office in the land. The 16 Dayss of Activism run has come in for a batch of unfavorable judgment. and some militants believe it has been hijacked by authorities and does little but supply public dealingss chances for curates who quickly forget about the issues come January. Perhaps as a sector we need to pass more clip measuring the impact of the 16 Days. but I wouldn’t call for it to be scrapped wholly. Of class there are likely excessively many fancy dinners. but each platform provides us an chance to prosecute and seek to make positive alteration. And if the nature of some of these events is debatable. so we should utilize the chance to reflect a visible radiation on that. The good thing about 16 Dayss is that it gets the issues out into the unfastened and allows people a infinite to get down speaking about them. Despite the activism of many candidates. rates of force against adult females and kids in South Africa continue to lift. While we have progressive statute law and a one of the best Fundamental laws in the universe. it seems our society is out of measure with the values it professes to keep. Is there a hereafter for these runs? Obviously this is non traveling to alter nightlong. and possibly in 50 old ages clip South Africa will be a better topographic point for adult females and kids. But that doesn’t mean we should halt seeking. It is really of import that we continue to talk and be heard and guarantee that South Africans understand this is non the sort of society they want to populate in. ( hypertext transfer protocol: //www. shukumisa. org. za/index. php/2011/08/womens-month-one-in-ninecampaig n/ ) 5 Discussion of the article This article provides a perfect illustration of why secondary exploitation takes topographic point in tribunal. As mentioned. the condemnable justness system frequently fails colza victims due to the low strong belief rate and the insensitive mode in which the victims are treated. The consequence is that many victims are discouraged to describe colza instances due to the fact that they feel they are non being heard and that they are being treated with small self-respect and regard. If this was non the instance at that place would most likely be an addition in studies taking to a higher strong belief rate. The rights of victims are being abused and undermined by the condemnable justness system and it is left up to private administrations and NGO’s to take attention of these victims. It is a sad province of personal businesss and the duty of protecting the rights of victims should be shifted back to the condemnable justness system. That is how it should hold been from twenty-four hours one! Decision From the treatment above it is obvious that drastic steps need to be taken in order to better the condemnable justness system to such an extent that secondary exploitation is cut down to a lower limit. Victims of sexual offenses or any offense for that affair should hold no uncertainty in their heads that the condemnable justness system is in topographic point in order to help them in their times of demand and should experience safe and accepted while traveling through the procedure of the condemnable justness system. In my sentiment this procedure will get down every bit shortly as there is a general alteration in the mentality and point of position that the members of these establishments hold. 6 Section B Introduction It has been debated whether or non a victim of offense should take part in the condemnable prosecution procedure and if so to what extent they are allowed to take part. In South Africa. legal proviso was made for victim impact statements due to the fact that for even the most trained professional. it is impossible to to the full grok what the victim might be sing and the sum of enduring that the victim has to digest. This was pointed out by the South African Law Commission ( 2002:68 ) . ( UNISA Study Guide for CMY3705. p. 77 ) Definition A victim impact statement is a written or unwritten statement made as portion of the judicial legal procedure. which allows a victim of offense the chance to talk during the sentencing of their aggressor or at subsequent word hearings. In some cases videotaped statements are permitted. ( hypertext transfer protocol: //en. wikipedia. org/wiki/Victim_impact_statement ) A victim impact statement is document that is written by the victim explicating in their ain words what they experienced during the clip that the offense was being committed against them. A victim in this instance besides refers to the indirect victims such as close household members of the victim or an oculus informant. Victims’ rights in footings of impact statements and the legal proviso for them in South Africa Previously. the chief aim of any condemnable justness system was to find whether a suspect of a offense was guilty or non and more frequently than non the constitutional rights of victims were overlooked during this procedure. Gradually this began to alter and the undermentioned rights were awarded to South Africa and are to the full covered in the Constitution of The Republic of South Africa Act 1008 of 1996 in chapter two: ? Right to protection from injury ? The right to be notified of tribunal proceedings ? The right to be notified about bond ? The right to be informed of parole hearings ? The right to the prompt return of belongings 7 Along with these rights. victims were besides granted the right to take portion in the condemnable prosecution procedure by supplying their ain history of their experiences in the signifier of a victim impact statement. Legal proviso was made for victim impact statements when the South African Law Commission recommended the inclusion of a clause on victim impact statements in either unwritten or written signifier in the Sentence Framework Bill with the certain reserves: Decision A victim impact statement can be seen as a manner to authorise victims and give them a sense of intent during the condemnable prosecution procedure. It allows them to set into word precisely what they are sing on many degrees. It is a really of import portion of the prosecution procedure as it may find whether or non the accused will be sentenced every bit good as the length of the sentence. In my personal sentiment I feel that a victim impact statement is the most important oart of the prosecution procedure. 8 Bibliography Section A ? ? ? hypertext transfer protocol: //rapecrisis. org. za/ hypertext transfer protocol: //www. shukumisa. org. za/index. php/2011/08/womens-month-one-in-ninecampaign/ UNISA Study Guide for CMY3705. p71 Section B ? ? UNISA Study Guide for CMY3705. p. 77 hypertext transfer protocol: //en. wikipedia. org/wiki/Victim_impact_statement 9

Chronic Absenteeism Related to Drop-out Rates

Chronic Absenteeism Related to Drop-out Rates While most educators, students, and parents  think of September as back-to-school month, that same  month recently has been given another important education designation. Attendance Works, a national initiative that is  dedicated to improving the policy, practice and research around school attendance has named September as National Attendance Awareness Month.  Ã‚   Student absences are at crisis levels. A September 2016 report Preventing Missed Opportunity: Taking Collective Action to Confront Chronic Absence using data provided by the  U.S. Department of Education, Office for Civil Rights (OCR) reveals that, the  promise of an equal opportunity to learn is being broken for far too many children. More than 6.5 million students, or about 13 percent, miss three or more weeks of school, which is enough time to erode their achievement and threaten their chance of graduating.  Nine out of 10 U.S. school districts experience some level of chronic absenteeism among students. To counter this problem,  Attendance Works,  a fiscally-sponsored project of the Child and Family Policy Center non-profit organization, is working as a  national and state initiative that  promotes better policy and practice around school attendance. According to the organizations  website, We [Attendance Works]  promote tracking chronic absence data for each student beginning in kindergarten, or ideally earlier, and partnering with families and community agencies to intervene when poor attendance is a problem for students or schools. Attendance is a critically important factor in education, from developing national funding formulas  to predicting graduation outcomes.   Every Student Succeeds Act (ESSA), which guides federal investments in elementary and secondary education for states, has chronic absenteeism as  reporting element.   At every grade level, in every school district, across the nation,  educators know first hand that too many absences can  disrupt  a students learning and the learning of others. Research on Attendance A student is considered chronically absent if they miss only  two days of school per month  (18 days in a year), whether the absences are excused or unexcused.  Research shows that by  middle and high school, chronic absence is a leading warning sign that a student will drop out. This research from the National Center on Educational Statistics noted that differences  in absentee rates and projections for graduation  were observed as early as kindergarten.  Those students who eventually dropped out of high school had missed significantly more days of school in first grade than their peers who later graduated from high school. Moreover, in a study by E.  Allensworth  and J. Q. Easton, (2005) called  The On-Track Indicator as a Predictor of High School Graduation: In eighth grade, this [attendance]  pattern was even more apparent and, by ninth grade, attendance was shown to be a key indicator significantly correlated with high school graduation (Allenworth/Easton). Their study  found attendance and studying more predictive of dropout than test scores or other student characteristics. In fact, 9th grade attendance was a better predictor of [student] dropout than 8th grade test scores. Steps can be taken at at the upper  grade levels, grades 7-12, and  Attendance Works offers  several suggestions to counter attitudes that prevent students from attending school. These suggestions include: incentives/rewards/recognition provided  for good attendance;personal calls (to home, to students) as reminders;  adult mentors and after  school leaders trained to reinforce the importance of attendance;curriculum that features engaging, team-based activities that students do not want to miss;  Ã‚  academic support provided to students who are struggling;  efforts to make  school a place of success rather than a negative experience; engaging community partners, such as, health providers and criminal justice agencies. National Assessment for Educational Progress (NAEP) Test Data A state-by-state analysis of NAEP   testing data shows that students who miss more school than their peers score lower on the NAEP tests in grades 4 and 8. These lower scores were found to be consistently true in every racial and ethnic group and in every state and city examined. In many cases,  the students with more absences have skill levels one to two years below their peers. In addition, While students from low-income families are more likely to be chronically absent, the ill effects of missing too much school hold true for all socio-economic groups. Grade 4 test data,   absentee students scored an average 12 points lower on the reading assessment than those with no absences - more than a full grade level on the NAEP achievement scale. Supporting the theory that academic loss is cumulative,   Grade 8  absentee students scored an average 18 points lower on the math assessment.   Mobile Apps Connectto Parents and Other Stakeholders Communication is one way educators can work to reduce student absenteeism. There are a growing number of mobile  apps educators can use to connect educators with students and parents. These software platforms share the daily classroom activities (EX:  Collaborize Classroom, Google Classroom,  Edmodo). Many of these platforms allow parents and authorized stakeholders to see short and long term  assignments and individual student work. Other mobile messaging apps (Remind,  Bloomz,  Classpager,  Class Dojo,  Parent Square)  are great resources  to increase regular communication between a students  home and school.  Ã‚  These messaging platforms can  allow teachers to emphasize  attendance from day one. These mobile apps can be tailored to providing student updates on individual attendance or used to sharing data about the importance of attendance in order to promote  a culture of attendance all year long. Conferences:Traditional Connections to Parents and Other Stakeholders There are also more traditional methods to share the importance  of regular attendance with all stakeholders. At the beginning of the school year, teachers can leverage the time during a  parent-teacher conference to talk about attendance if there are already signs or a pattern to a student missing school. Mid-year conferences or conference requests can be helpful in making face-to-face connections that   Teachers  can take the opportunity to make suggestions to parents or guardians that  older students need routines for  homework and  sleep. Cell phones, video games and computers should not be part of a bedtime routine. Too tired to go to school should not be an excuse. Teachers and school administrators  should also  encourage families to  avoid extended vacations during the school year, and to try to line up vacations with the school’s schedule of days off or holidays. Finally, teachers and school administrators   should remind parents and guardians the academic importance of planning doctor and dentist appointments during  after school hours. Announcements regarding a schools attendance policy should be made at the beginning of the school year, and repeated regularly throughout the school year.   Newsletters, Flyers, Postersand Websites The school website should promote daily attendance. Updates on daily school attendance should be displayed on the home pages of every school. The high visibility of this information will help to reinfrce the importance of school attendance. Information about the negative impact of absenteeism and the positive role daily attendance has on academic achievement can be placed in newsletters, on posters and circulated on flyers. Placement of these flyers and posters are not limited to the school property. Chronic absenteeism is a community problem, particularly at the upper grade levels, as well. A coordinated effort to share information about academic damage caused by chronic absenteeism should be shared throughout the local community. Business and political leaders in the community should receive regular updates on how well students are meeting the goal of improving daily attendance. Additional information should feature the  importance of attending  school as a students most important job. Anecdotal information such as the facts listedon this flyer for high school parentsor  listed below can be promoted in schools and throughout the community: Missing one or two days a month can add up to nearly 10 percent of the school year.  Students who attend school set up the routines for future employment and showing up for for work on time every day.Students who attend school regularly are more likely to graduate and find good jobs. High school  graduates make, on average, a million dollars more than a dropout over a lifetime.School only gets harder when students  stay home.  Too many absent students can affect the whole classroom, creating redundant instruction and slowing down other students. Conclusion Students who miss school, whether the absences are  sporadic or on consecutive days of school, miss academic time in their classrooms that cannot be made up. While some absences are unavoidable, it is critically important to have students in school for learning. Their academic success depends on daily attendance at every grade level. NOTE: An infographic with additional statistics to share with students and families with younger students is offered by Attendance Works on this link.

Cultural Experience Essay Example | Topics and Well Written Essays - 750 words

Cultural Experience - Essay Example It surely was a very different experience for me. I usually don’t get to see males having sexual feelings for each other and that too in full public view. However the gay club didn’t have any restrictions whatsoever and men were allowed to touch each others’ private parts, commit into sexual arousal activities, make-out and so on. The experience taught me that like lesbians have their own rights, gays have theirs too. And they experienced it solely within the domains of the gay clubs that have opened within the different city centers. As far as cultural dynamics are concerned, I learned that those actions and behaviors on the part of the gays were not accepted far and wide. Their actions rested solely within the realms of the gay club. When they stepped out of it, they were ordinary men who would keep a distance from other men. Thus the cultural taboo-ness of the whole saga made it even more appealing. It was a double standards situation happening right in front of me, one set of rules inside the gay club and another one, outside it. The otherness of the event made it very interesting in entirety. The otherness stemmed from the fact that I had never seen such a thing taking place in my entire life. The otherness also came about when I didn’t get to see any women in the gay club, which once again was understandable and a sheer lack of knowledge on my part. But what was really bizarre was the fact that these gays enjoyed the company of one another in explicit ways and made sure all around them knew what they were doing. As a culturally responsive helper, I gained quite a few insights. I learned that it is a taboo within any society to have gay and lesbian relationships but these run deep within any country of the world. There are separate places fixed for such activities where no limitations are bound on the gays. I also learned that everything has its limits and such activities might be considered

Case Study or Roger S Essay Example | Topics and Well Written Essays - 2500 words

Case Study or Roger S - Essay Example m suing their employers over those injuries.† The medical health provider is entitled to provide an evidenced-based medical treatment proven to cure or relieve medical illness and injuries (Injured Worker Information, 2000). These types of treatment are provided in a set of guidelines and are adopted by the primary treating physician of the industrially-injured worker. At present, employee’s have their injuries cared for by a doctor in a Medical Provider Network (MPN) or a Health Care Organization (HCO). Most of the injured workers recovered fully from the industrial-related injuries. However, there are also injured workers who continue to suffer from the sequelae of the injury. In this case, it is indicated that the plaintiff sustained a back injury at work. In workers’ compensation, it is a must that an injured worker is required to report the injury to his immediate supervisor. Moreover, reporting the case promptly to the employer prevents future problems and further delays in receiving full medical benefits. It should be noted that the injury must be reported to the employer within 30 days from the time of the injury. The supervisor must provide the industrially-injured employee an â€Å"Employee Claim for Workers’ Compensation Benefits† form, which is to be submitted by the employee or his authorized person to the employer within twenty four hours from the time of the injury. The supervisor is also required to fill a â€Å"Report of Injury to Employee† form within twenty four hours upon notification of the injury, which is to be submitted to Workers’ Compensation Program Coordinator. A copy of the â€Å"Report of Inj ury to Employee† must be submitted to Environmental Health and Safety (EH&S) for review and follow-up (Injury and Illness Prevention Program Department Plan, 2006). In cases of emergency, the employee should go to the nearest emergency room facility for immediate treatment, and being the injured worker should inform the employer

The Vision Failed Case Study Example | Topics and Well Written Essays - 750 words

The Vision Failed - Case Study Example In HTE case, Mr. Barelli did manage to create a vision statement of 2 pages and get it pasted at every nook and corner of the building. But he failed to relate that transformational management needs a lot of input from the employees. His failure to realize the importance of the low line managers and executives and their involvement in taking his vision for the company ahead made his vision fail badly. If I were to advice as a member of board of directors, I would have voted against it. There are many reasons of this reaction. (Northhouse,2003) First and the foremost reason is that if a company's success is dependent majorly on the unity of its workers and good relations between the management and employees, you need to keep that strength with you. Secondly, if you want to change the vision and direction of your firm, you need to discuss this not only with the top line management, but the low line management and executives are also to be involved in this case. Thirdly, one must make the other stakeholders understand his point of view before taking such steps. So if I were to advice on this topic, I would have voted against Mr. Barelli's transformational leadership. Mr. Barelli though that he had a very clear image of the vision of HTE in his eyes, but this was not the case. He was sadly mistaken. May be he was clear about the goals he had in mind with regard to this organization; he was surely unaware of the best methods to implement such changes. The vision was to create a very democratic environment. The description of the case indicates the culture prevailing in HTE at that time was already quite democratic. There was not that alarming need of converting it to something new where none of the employees were able to understand the changes, and the motives behind those changes. The implementation of the transformational plan was for sure very weak. Most of the cultural and social factors were not taken care of. The vision highlighted a democratic kind of environment where Mr. Barelli rarely used to get into a dialogue. He preferred monologues, one sided orders better than that. This clash of personality and vision resulted in poor implementations and confusions creation after four years of his management. (Hesselbein and Goldsmith, 2006) Answer 3: Mr. Barelli had immense knowledge of the aircraft industry. The vision he crafted for HTE was really attractive if we look at the wordings and the way it was drafted. But the worst thing about Mr. Barelli's management was that it damaged the social fabric of this organization. The organization was known for very effective and impressive relationships between employees and the owners, but his poor implementation of the plan changed everything for him and the organization. He tried to change things. Things changed for the worst. (Beyerlein, McGee, Klien, Nemiro and Broedling, 2003). His managerial skills resulted in a damaged social fabric of an organization that had this strength of its social fabric as it's most important success factors. Answer 4: If Mr. Barelli returns as president of this firm, I would advice him to first of all make the vision clear to him. Once he understand it fully in the form of what exists and what he is looking for, the next step is to take into consideration all those who are involved and would be effected by this change. Take them in consideration, discuss it out with them, listen to their

Wide Sargasso Sea Research Paper Example | Topics and Well Written Essays - 1250 words

Wide Sargasso Sea - Research Paper Example Her families, creoles, were in their own race because they could not identify with any of the races in Jamaica that were determined by financial muscles. They are forced to flee their home in Coulibri as a result of the attack by the freed slaves who were avenging on the family, this became apparent because Mr. Mason, stepfather, declined Annette’s pleas to move from that place, she is married to Rochester, an Englishman who had accepted to marry her because of his greedy to get her wealthy, her ordeal with Rochester nearly leads to her being mad and referred to as Marionetta and Bertha by Rochester (Drake 199). Rochester, the man who is married by Antoinette, is unnamed in the book but his identity comes clear when we take into consideration the hero in Jane Eyre (Harris 191). His coming to Jamaica is influenced by Mr. Mason and Antoinette’s half brother and the whole situation led to a hasty marriage between the two. He sees the whole wedding as a trick considering th e way it was hurriedly done and this is cemented by Daniel’s letter to him informing him of the Cosway family background that is tainted with instances of madness. He could not even thing of quitting the marriage union because he really needed Antoinette’s fortune to rescue himself from being ruined and dependency on the brother. The issue of deception leads him to unleashing cruelty on his wife and this contributes to her mental breakdown while in England. Antoinette seems to be happy and fully fulfilled because of the romantic environment created by Rochester who consummates with her simply to satisfy his sexual desire and not as a result of love. The landscape in Granbois where they had gone for their honeymoon is very beautiful and relaxing according to Antoinette. It created a considerable distance from the people who hated her. After a considerable number of days at Granbois, even Rochester begins to appreciate the place and even forgetting her marriage to Antoin ette as a misgiving because the weather was nice and he spent time in the bathing pool (Raiskin 256). Most of the time Antoinette could join him in the pool and they both watch the sun go down from the afternoon till evening. This happiness and enjoyment is brought about by a conducive and humble environment that is welcoming away from the hustle and bustle of life. Rochester notices two different sides of Antoinette that are very distant, and they depend on the time of the day; at night, she could wear a melancholy and somber mood considering how unhappy her past was. She sees Rochester as her own source of happiness away from the doomed past. During the day, she could converse and smile with him openly away from her fateful past. These instances shows that during the day she could view the nice sceneries of Granbois that are complemented by the presence of her husband and she becomes psychologically settled and happy, the opposite is experienced during the night she is forced to c ome into contact with the harsh reality of her dreadful past and this brings her sadness (Stein 130). Rochester’s inability to offer his wife Antoinette security and his general reaction to the nature of Caribbean exposes his feelings for the place which have a long lasting impact on the wife. The beauty and the natural sceneries in the place do not make any impression on him although he acknowledges that the place is really beautiful, he describes it as an untouched, wild, with an alien place that has a disturbing secret loveliness (Stein 131).Rochester does not want to accept the uniqueness in the landscapes of the Caribbean, he opts to despise them instead. He came to hate the rivers, the mountains, and the rain in that place

Abortion in America Essay Example | Topics and Well Written Essays - 750 words

Abortion in America - Essay Example The first instance was of Connecticut which criminalized abortion in the year 1821. Even in the cases of rape and incest, filing a police first investigation report was a prerequisite. However a woman with the name of Norma L. Mcorvay filed a petition against the abortion laws which fueled up the great debate of pro-life vs. pro-choice In June 1969, Mcorvay found out that she was pregnant with her third child and immediately decided to have an abortion. However due to its criminalization she could not get it done at any hospital. She was advised to register as a rape victim, however it did not happen there was no police report about the alleged incident. In 1970, two lawyers by the name of Coffee and Weddington filed a petition against the laws criminalizing abortion. The lawyers represented Mccorvay under the alias of Jane Roe while the Texas state was represented by Henry Wade (Mohr). Before the start of the legal proceedings, Roe conceded that she had not been raped and that case was actually meant as a plea to grant freedom to women regarding their personal choices. After multiple hearings a decision was finally announced on January 22, 1973. The court made abortion one of the fundamental rights under the US constitution, marking the beginning of a new era (Hoffer and Hoffer). There were many proposals including the proposal of viability which said that a woman can only have abortion until the fetus in her womb is not viable. By viable, it meant that the fetus could survive outside the mother’s body. However much of the freedom was granted to women and she could have an abortion after consulting a physician. . The case raised a fiery debate not only in the judicial circles but also among political and social groups. On one hand, the decision was heralded as a victory for women rights while on the other hand it came out as a blow to the believers of pro-life. The decision was controversial and still a large population of the country believes that it s hould be reverted. Perhaps the biggest shock to the whole pro-life vs. pro-choice debate was dealt by Mcorvay herself when she revealed in 1995 that she had become a proponent of pro-life (Bergel). Since then she has spoken openly against abortion and even filed petitions to overturn the decision, which did not yield any conclusive result. In the light of the above arguments, it can fairly easily be said that the matter is a very complicated one because abortion does not only affect the physical well-being of women but also psychological and emotional well-being. Therefore there needs to be a thorough study of the statistical data about people’s opinions as well as a sound scientific study before any further decision in this regard is taken. Although both sides of the debate has very strong points, I believe that abortion should not be legalized unless in the most extremes of cases. There are many forms of contraception available including, early morning pill and condoms; the refore unwanted pregnancies can easily be avoided if these contraceptive measures are taken. Legalization of abortion actually demeans the reproductive function of sex and projects it only as a means of having pleasure. This encourages unprotected sexual intercourse since unwanted conception can easily be aborted causing a greater number of people to be at a risk of contacting sexually transmitted diseases. Since legalization of abortion poses more of a threat rather than relief to the general well-being of women, it should only is legal in extreme cases. For example, in a situation like rape where the conception actually reminds the women of the trauma and puts a negative impact on her psychological well-being, abortion should be legalized. Also in some pregnancies, some extreme

Strategies for Management Improvement Essay Example | Topics and Well Written Essays - 3500 words

Strategies for Management Improvement - Essay Example These are what to sell and whom to sell (Stone, 2001). It is entirely related to the markets and products. In this matrix, there are four quadrants that represent four courses of action that could be considered while making any strategic decisions regarding the growth of the organization. The matrix is shown below. In this growth strategy, existing products of the organization are sold in the existing markets. There are four major objectives that could be achieved by adopting market penetration strategy. These are increasing or maintaining the current market share of the existing products, securing dominance in the growth markets, restructuring a grown-up market and finally increasing the usage of the existing products by the existing customers. Increasing or maintaining the current market share of the existing products: this objective could be attained by adopting more competitive strategies regarding pricing, advertising. Putting in more resources into personal selling might also be helpful in achieving this objective. Restructuring a grown-up market: Any mature or grown up market could be restructured by driving out the competitors. Innovative pricing strategies need to be designed so that the competitors consider the market as an unattractive one. Again extensive promotional campaign would work as a catalyst in the process. In the ‘market development’ growth strategy existing products are sold into new markets. Implementation of this strategy would include selling products in new geographical locations, establishing or finding new distribution channels and designing innovative pricing policies. One of the most effective growth strategies is introducing new products in the existing markets where the organization already has its presence. New competencies are required to develop in order to adopt this strategy. Organizations can either develop entirely new products or simply modify the existing products in order to get the attention of the customers in the existing markets.

Abortion in America Essay Example | Topics and Well Written Essays - 750 words

Abortion in America - Essay Example The first instance was of Connecticut which criminalized abortion in the year 1821. Even in the cases of rape and incest, filing a police first investigation report was a prerequisite. However a woman with the name of Norma L. Mcorvay filed a petition against the abortion laws which fueled up the great debate of pro-life vs. pro-choice In June 1969, Mcorvay found out that she was pregnant with her third child and immediately decided to have an abortion. However due to its criminalization she could not get it done at any hospital. She was advised to register as a rape victim, however it did not happen there was no police report about the alleged incident. In 1970, two lawyers by the name of Coffee and Weddington filed a petition against the laws criminalizing abortion. The lawyers represented Mccorvay under the alias of Jane Roe while the Texas state was represented by Henry Wade (Mohr). Before the start of the legal proceedings, Roe conceded that she had not been raped and that case was actually meant as a plea to grant freedom to women regarding their personal choices. After multiple hearings a decision was finally announced on January 22, 1973. The court made abortion one of the fundamental rights under the US constitution, marking the beginning of a new era (Hoffer and Hoffer). There were many proposals including the proposal of viability which said that a woman can only have abortion until the fetus in her womb is not viable. By viable, it meant that the fetus could survive outside the mother’s body. However much of the freedom was granted to women and she could have an abortion after consulting a physician. . The case raised a fiery debate not only in the judicial circles but also among political and social groups. On one hand, the decision was heralded as a victory for women rights while on the other hand it came out as a blow to the believers of pro-life. The decision was controversial and still a large population of the country believes that it s hould be reverted. Perhaps the biggest shock to the whole pro-life vs. pro-choice debate was dealt by Mcorvay herself when she revealed in 1995 that she had become a proponent of pro-life (Bergel). Since then she has spoken openly against abortion and even filed petitions to overturn the decision, which did not yield any conclusive result. In the light of the above arguments, it can fairly easily be said that the matter is a very complicated one because abortion does not only affect the physical well-being of women but also psychological and emotional well-being. Therefore there needs to be a thorough study of the statistical data about people’s opinions as well as a sound scientific study before any further decision in this regard is taken. Although both sides of the debate has very strong points, I believe that abortion should not be legalized unless in the most extremes of cases. There are many forms of contraception available including, early morning pill and condoms; the refore unwanted pregnancies can easily be avoided if these contraceptive measures are taken. Legalization of abortion actually demeans the reproductive function of sex and projects it only as a means of having pleasure. This encourages unprotected sexual intercourse since unwanted conception can easily be aborted causing a greater number of people to be at a risk of contacting sexually transmitted diseases. Since legalization of abortion poses more of a threat rather than relief to the general well-being of women, it should only is legal in extreme cases. For example, in a situation like rape where the conception actually reminds the women of the trauma and puts a negative impact on her psychological well-being, abortion should be legalized. Also in some pregnancies, some extreme

Ppt Financial Derivatives Essay Example for Free

Ppt Financial Derivatives Essay GLOBAL EDITION MULTINATIONAL BUSINESS FINANCE 12TH EDITION David K. Arthur I. Michael H. EITEMAN University of California, Los Angeles STONEHILL Oregon State University and the University of Hawaii at Manoa MOFFETT Thunderbird School of Global Management Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Contents PART I G l o b a l Financial E n v i r o n m e n t 1 Chapter 1 Globalization and the MyBtiBnatiomaO Enterprise 2 Globalization and Creating Value in the Multinational Enterprise 3 The Theory of Comparative Advantage 4 What Is Different about Global Financial Management? 7 Market Imperfections: A Rationale for the Existence of the Multinational Firm 8 The Globalization Process 9 Summary Points 13 MINI-CASE: Porsche Changes Tack 13 Questions †¢ Problems †¢ Internet Exercises 19 Chapter 2 Financial Goals and Corporate Governance Who Owns the Business? 22 What Is the Goal of Management? 24 Corporate Governance 28 Summary Points 40 MINI-CASE: Governance Failure at Enron 41 Questions n Problems n Internet Exercises 45 22 Chapter 3 IDie international Monetary System History of the International Monetary System 50 Contemporary Currency Regimes 56 Emerging Markets and Regime Choices 62 The Birth of a European Currency: The Euro 64 Exchange Rate Regimes: What Lies Ahead? 69 Summary Points 70 MINI-CASE: The Revaluation of the Chinese Yuan 71 Questions †¢ Problems †¢ Internet Exercises 74 50 Chapter 4 International Business Transactions: The BaBance of Payments Typical Balance of Payments Transactions: China 79 Fundamentals of Balance of Payments Accounting 80 The Accounts of the Balance of Payments 81 The Capital and Financial Account 83 The Balance of Payments in Total 89 The Balance of Payments Interaction with Key Macroeconomic Variables 91 Trade Balances and Exchange Rates 94 Capital Mobility 97 Summary Points 99 MINI-CASE: Turkeys Kriz (A): Deteriorating Balance of Payments 100 Questions †¢ Problems D Internet Exercises 102 78 Chapter 5 Current Multinational Financial Challenges: The Credit Crisis of 2007-2009 106 The Seeds of Crisis: Subprime Debt 106 The Transmission Mechanism: Securitization and Derivatives of Securitized Debt 109 The Fallout: The Crisis of 2007 and 2008 120 xiv Contents xv The Remedy: Prescriptions for an Infected Global Financial Organism 129 Summary Points 131 MINI-CASE: Letting Go of Lehman Brothers 132 Questions D Problems †¢ Internet Exercises 134 PART II Foreign Exchange Theory and Markets Chapter The Foreign Exchange Market 138 137 Geographical Extent of the Foreign Exchange Market 138 Functions of the Foreign Exchange Market 139 Market Participants 140 Transactions in the Interbank Market 142 Foreign Exchange Rates and Quotations 148 Summary Points 156 MINI-CASE: The Venezuelan Bolivar Black Market 157 Questions D Problems a Internet Exercises 160 Chapter? InternationaB Parity Conditions 164 Prices and Exchange Rates 164 Interest Rates and Exchange Rates 172 Forward Rate as an Unbiased Predictor of the Future Spot Rate 181 Prices, Interest Rates, and Exchange Rates in Equilibrium 183 Summary Points 184 MINI-CASE: Currency Pass-Through at Porsche 185 Questions †¢ Problems †¢ Internet Exercises 186 Appendix: An Algebraic Primer to International Parity Conditions 193 Chapter 8 Foreign Currency ierivatoves Foreign Currency Futures 198 Currency Options 201 Foreign Currency Speculation 203 Option Pricing and Valuation 210 Currency Option Pricing Sensitivity 213 Prudence in Practice 221 197 Summary Points 222 MINI-CASE: Warren Buffetts Love-Hate Relationship with Derivatives 223 Questions †¢ Problems †¢ Internet Exercises 226 Appendix: Currency Option Pricing Theory 230 Chapter 9 Interest Rate and Currency Swaps 234 Defining Interest Rate Risk 234 Management of Interest Rate Risk 237 Trident Corporation: Swapping to Fixed Rates 245 Currency Swaps 246 Trident Corporation: Swapping Floating Dollars into Fixed Rate Swiss Francs 247 Counterparty Risk 249 Summary Points 250 MINI-CASE: McDonalds Corporations British Pound Exposure 251 Questions n Problems †¢ Internet Exercises 252 Chapter 10 Foreign Exchange Rate Determination and Forecasting Exchange Rate Determination: The Theoretical Thread 257 The Asset Market Approach to Forecasting 260 2S6 XVI Contents Disequilibrium: Exchange Rates in Emerging Markets 262 Illustrative Case: The Asian Crisis ^262 Illustrative Case: The Argentine Crisis of 2002 265 Forecasting in Practice 270 Summary Points 274 MINI-CASE: JPMorgan Chases Forecasting Accuracy 274 Questions †¢ Problems †¢ Internet Exercises 276 PART III Foreign Exchange Exposure 281 Chapter 11 Transaction Exposure 282 Types of Foreign Exchange Exposure 282 Why Hedge? 284 Measurement of Transaction Exposure 287 Tridents Transaction Exposure 289 Management of an Account Payable 297 Risk Management in Practice 299 Summary Points 300 MINI-CASE: Xian-Janssen Pharmaceutical (China) and the Euro 301 Questions D Problems D Internet Exercises 303 Appendix: Complex Options 312 Chapter 12 Operating Exposure 320 Attributes of Operating Exposure 320 Illustrating Operating Exposure: Trident 322 Strategic Management of Operating Exposure 326 Proactive Management of Operating Exposure 329 Contractual Approaches: Hedging the Unhedgeable 336 Summary Points 337 MINI-CASE: Toyotas European Operating Exposure 338 Questions a Problems a Internet Exercises 340 Chapter 13 Translation Exposure Overview of Translation 344 Translation Methods 347 Translation Example: Trident Europe 350 Comparing Translation Exposure with Operating Exposure 355 Managing Translation Exposure 355 Summary Points 359 MINI-CASE: LaJolla Engineering Services 360 Questions H Problems †¢ Internet Exercises 362 PART IV Financing the Global Firm 365 Chapter 14 The Global Cost and Availability of Capita! 36 ® Weighted Average Cost of Capital 368 The Demand for Foreign Securities: The Role of International Portfolio Investors 373 The Cost of Capital for MNEs Compared to Domestic Firms 379 Solving a Riddle: Is the Weighted Average Cost of Capital for MNEs Really Higher Than for Their Domestic Counterparts? 380 Summary Points 382 MINI-CASE: Novo Industri A/S (Novo) 383 Questions D Problems †¢ Internet Exercises 387 Contents xvii Chapter 15 Sourcang Equity Globally 391 Designing a Strategy to Source Equity Globally 392 Foreign Equity Listing and Issuance 395 Effect of Cross-Listing and Equity Issuance on Share Price 397 Barriers to Cross-Listing and Selling Equity Abroad 399 Alternative Instruments to Source Equity in Global Markets 400 Summary Points 404 MINI-CASE: Petrobras of Brazil and the Cost of Capital 404 Questions †¢ Problems a Internet Exercises 408 Optimal Financial Structure 410 Optimal Financial Structure and the MNE 411 Financial Structure of Foreign Subsidiaries 414 International Debt Markets 418 Summary Points 424 MINI-CASE: Tirstrup BioMechanics (Denmark): Raising Dollar Debt 424 Questions †¢ Problems o Internet Exercises 426 PART V Foreign Investment Decisions Chapter 17 431 International Portfolio Theory and Diversificationi. 432 International Diversification and Risk 432 Internationalizing the Domestic Portfolio 435 National Markets and Asset Performance 441 Summary Points 446 MINI-CASE: Is Modern Portfolio Theory Outdated? 447 Questions a Problems †¢ Internet Exercises 448 Chapter 18 Foreign Direct Investment Theory and Political Risk Sustaining and Transferring Competitive Advantage 452 The OLI Paradigm and Internalization 455 Deciding Where to Invest 457 How to Invest Abroad: Modes of Foreign Involvement 458 Foreign Direct Investment Originating in Developing Countries 462 Foreign Direct Investment and Political Risk 464 Assessing Political Risk 465 Firm-Specific Risks 466 Country-Specific Risks: Transfer Risk 469 Country-Specific Risks: Cultural and Institutional Risks 472 Global-Specific Risks 476 Summary Points 479 MINI-CASE: Mattels Chinese Sourcing Crisis of 2007 480 Questions a Problems a Internet Exercises 483 452 Chapter 19 Multinational Capital Budgeting 487 Complexities of Budgeting for  a Foreign Project 488 Project versus Parent Valuation 489 Illustrative Case: Cemex Enters Indonesia 490 Real Option Analysis 502 Project Financing 503 Summary Points 505 MINI-CASE: Tridents Chinese Market Entry—An Application of Real Option Analysis 505 Questions n Problems †¢ Internet Exercises 507 xviii Contents PART VI Managing Multinational Operations Chapter 20 Multinational Tax Management 513 514 Tax Principles 514 Transfer Pricing 522 Tax Management at Trident 524 Tax Haven Subsidiaries and International Offshore Financial Centers 525 Summary Points 527 MINI-CASE: Stanley Works and Corporate Inversion 527 Questions †¢ Problems n Internet Exercises 531 Chapter 21 Working Capital Management 535 Trident Brazils Operating Cycle 535 Tridents Repositioning Decisions 537 Constraints on Repositioning Funds 539 Conduits for Moving Funds by Unbundling Them 539 International Dividend Remittances 540 Net Working Capital 542 International Cash Management 548 Financing Working Capital 552 Summary Points 556 MINI-CASE: Honeywell and Pakistan International Airways 557 Questions †¢ Problems n Internet Exercises 559 Chapter 22 Global Petroleum Development: Fiscal Regimes and Funding Financing Petroleum Development 566 Fiscal Regimes 566 Development Agreements 566 Concessions 569 Royalty/Tax Systems 570 Production Sharing Agreements 572 Service Agreements 574 Added Contractual Features 576 Top-Line Risks 578 Petroleum Prices 579 A Hypothetical Sub-Saharan PSA 581 PSA Evolution 584 Funding Petroleum Development 587 Summary Points 590 MINI-CASE: Petroleum Development and the Curse of Oil 590 Questions †¢ Problems o Internet Exercises 593 565 Answers to Selected Problems Glossary Index 598 610 595 Credits 627