How a Firm's HR Strategy Could Be Its Source of Competitive Advantage Essay

How a Firm's HR Strategy Could Be Its Source of Competitive Advantage - Essay Example This paper illustrates that HRM has come about as a feature within the modern day organization which has changed its face upside down. It has turned the tide in the favor of recruitment and selection policies, made aspects like performance management rewarding, focused more on incentives and bonuses, relied on the importance of having a proper hiring and firing regime and many other initiatives are also in line when one thinks of HRM in the truest sense. The single most basic aspect that HRM brings to the fore is its ability to make the employees and workers feel counted for their actions and they realize that their voice is also getting heard within the midst of any company, firm or entity so to speak. Competitive advantage is important to understand because it dictates the manner in which HRM brings in the much touted for the value of the organization. The differing stance of the organization in terms of its human resources is manifested through the competitive advantage which is d ocumented in a number of varied ways. It must be remembered here that competitive advantage works to the benefit of the HRM regimes and thus building up of the same would mean incentives for the organization in the long run. It must be understood that competitive advantage and HRM work hand in hand, in order to bolster the organization in different ways – all of which build value at the end of the day. The origin of HRM thus emanates from the auspices of a single department taking care of all the management concerns. This would include finance people handling recruitment and selection duties as well as top management taking care of each other’s dealings and duties. What HRM has changed is to provide the employees a department for their own selves and now they know they could make themselves feel heard when it comes to drafting policies, amending proposals and strategies and changing the course of action as per the employee undertakings and similar avenues of employee s cope are concerned. Thus the most basic definition of HRM is to devise means for getting to the employees in a direct manner – taking care of their concerns, rewarding them for their works, listening to their demands and getting work done out of them.

Values Scenario 1 Essay Example | Topics and Well Written Essays - 500 words

Values Scenario 1 - Essay Example I was very happy at this time because of achieving great success. Godly virtues and values are discussed in this stage. I declare that God’s values such as honesty, faith and being compassionate to others have been very important in my life. Drawing example from the Bible one can see that Job was faithful to God, and that is why he was healed. In addition, forgiveness is a value that is of important to God. From the Bible, we know that God gave his only son for the sake of forgiveness of our sins (Gulla 34). I have succeeded in my exams and interviews because I had enough faith in God. Being a compassionate guy I have impacted on disabled persons, whom I assist with food and clothing. I felt satisfied when I managed a whole project by myself through perseverance and the same time having self-discipline. The completion of the project fulfilled my ultimate desire that one can succeed in life if you have self-drive and self-discipline. That success partly guaranteed me that I will be successful in future when a drive myself in every aspect of life. Other factors that contributed to that fulfilment include the support from my colleagues and the honesty in my work. My personal and work values include teamwork spirit, success, self-discipline, faith, perseverance and compassion. The experience, of working in a team, is memorable since it has led to success in our football club, schoolwork and at the workplace. My role models such as Bill Gates and Steve Jobs have utilised the teamwork, perseverance and self-discipline values to achieve

The Impact Of Ict On Accommodation Sector Tourism Essay

The Impact Of Ict On Accommodation Sector Tourism Essay Domestic and international tourism in New Zealand has grown significantly in the past decade and shows every sign of continuing to do so. A vital component of the tourism industry is the Accommodation sector. Over 3000 accommodation enterprises employ more than 20,000 New Zealanders on a full time equivalent (FTE) basis and bring important economic benefit to both rural and urban settings. The accommodation sector is characterised by considerable uptake of new Information and Communication Technologies (ICT) in areas such as bookings, Property Management System (PMS) and back-office functions. This research aims to create a better understanding of how ICT adoption is influencing the demand for, and use of, accommodation in this important sector and how enterprise owners and managers feel about the ICT issues that stem from the tourist influences. The research is based on: (i) a review of global and local research in tourism, ICT and accommodation use; our findings reveal that ICT adoption is having important impacts on accommodation use and demand in both small and large enterprises, the researcher conclude with the presentation of a major findings and some thoughts on approaches that may enhance the ability of the accommodation sector to cope with the complex interactions between ICT adoption and tourism activities. 1.2 INTRODUCTION The increasing use of the Internet and other communication technology is changing the way the industry does business, allowing small operators to access those interested in their product irrespective of location, and allowing firms of all types to reap productivity gains, (Bahalis 1998, 2003). Tourists are also able to benefit from additional transparency in pricing and the ability to customize the experiences they seek (Inkpen 1998; Milne et al 2004). Medlik and Ingram (2000) stated in many years, hotel are important attractions for visitors who bring with them spending power and who tend to spend at a higher rate than they do when they are at home. Through visitors spending, hotel thus often contributes significantly to local economies both directly and indirectly through the subsequent diffusion of the visitors expenditure to other recipients in the community. However, the pattern and structure of the accommodation sector, growth in tourism, increase in capacities, globalisation and technology innovations has been the contemporary force for the hotel chains to extend their presence worldwide, achieving huge marketing success and market identity. Their success is not based only on promoting only one standardised product buy by introducing multiple brands which differentiate their services offered in the eye of the tourists. According to the international Hotel and Restaurant Association (IHRA), there are over 300 hotels chains which comprised one third of the worlds accommodation capacities. New Zealand is very much part of this dynamic and competitive tourism environment. The New Zealand Tourism Strategy 2010 (TIANZ 2001) identifies tourism as one of the nations key earners of foreign exchange and argues that the industry is likely to play a growing role in the future of New Zealands economy. During 2002 over 2 million international visitors spent an estimated NZ$6.140 billion. Taking into account the direct and indirect effects of this expenditure and the not inconsiderable (but harder to estimate) impacts of domestic tourism we see that the industry contributed approximately 9% of New Zealands GDP for the year to March 2002 and 14.3% of total exports (Statistics New Zealand, 2003). Information and Communication Technologies (ICT) are a key element in attempts to enhance the yield of the industry. It has also been suggested that ICT change the very rules of tourism with industry leaders being forced to adopted new managerial and strategic best practice (Buhalis 2000, Law 2001). The New Zealand Tourism Strategy has as one of its key strategic objectives the need to build the ICT capability of New Zealand tourism enterprises, especially among the 85-90% of businesses that are classified as small tourism enterprises (STE) (Nodder et al 2003a). The Strategy identifies tourism as a knowledge and information-based sector and highlights the ability of ICT to collect, analyse and distribute information widely across the sector supporting a better understanding of visitors needs, preferences and behaviours. It is also argued that ICT can foster a higher degree of interaction between stakeholders through an internet presence, email, electronic discussion groups and teleco nferencing. Such networking and linkage formation offers the opportunity to realise enormous benefits (Nodder 2003; Nodder et al 2003). This research addresses these issues in the context of the New Zealand accommodation sector. Accommodation represents the cornerstone of both the international and domestic tourism markets and accounts for a major component of total tourist spend. The sector is relatively labour intensive and is a significant employer in both urban centres and more peripheral rural regions (Morrison and Thomas 1999; Statistics New Zealand 2003). It is a diverse industry including everything from large hotel with multinational organisational structures, through to small owner operated motels and bed and breakfast establishments. 1.3 Aims and Objectives The core objectives of this research are to: To develop a clearer picture of the current competitive context facing the accommodation sector in New Zealand, in order to provide a backdrop to the ICT and labour use dimensions that from the focus of the research. To gain an understanding of how ICT is being adopted and used in the New Zealand accommodation sector and to review wherever possible the differences that exists between small and large operations and between those operating in rural and urban settings. To provide a clear sense of how ICT adoption is influencing the demand for tourist and the workplace organisation and use of workers. In particular we focus on themes of hiring, internal communication, productivity, turnover and retention and processes of customer out-sourcing. To synthesize and discuss findings and present some tentative ideas that can assist the accommodation sector, and the regions that depend on it, to better anticipate and respond to the sometimes complex links between ICT adoptions and tourism demand for modern technology. 1.4 LITERATURE REVIEW It is important to note the international literature has generally shown that in the past small tourism firms have been less likely to implement ICT than their larger counterparts (Mutch, 1998; Paraskevas, 2002; Milev and Marsh 1998). Studies in the US, for example, show that managers in larger properties (greater than 300 rooms) attach significantly more important to the Internet as a tool to make reservations and analyse the competition than their smaller counterparts. Similarly, they rated its importance as a means to communicate with colleagues, vendors and corporate offices significantly higher (Van Hoof, et al, 1998). This is also fits the patterns seen in the studies conducted in the UK (Sigala et al, 2002, Evans and Peacock 1999; Buick, 2003, Main, 2001) and elsewhere (Milne and Pohlmann 1998). Resent years have seen a growing number of small operations embracing ICT for no other reason than they simply have no choice (Ateljevic 2002). The competitive cost of being invisible in a sector that is increasingly dominated by web-based booking systems is too great to bear for small operators who are already facing low margins and growing competition (Buhalis 1999). Thus ICT uptake is growing rapidly and, in the case of New Zealand, the use of computers, email and the Internet is reaching near saturation levels (Nodder et al, 2003a). Nevertheless it is important to note that there are varying levels and degrees of ICT use and many commentators argue that the sophistication with which hard and software is used still lags behind larger operators, even though the actual equipment may be in place (Milne et al, 2004). The reason for the past, and sometimes present, lag in ICT uptake and use by small businesses are many and varied and are inevitable shaped by both internal and external (environmental) factors, ICT use by smaller accommodation operators tends to be dominated by accounting functions, data processing and inventory management tools. While email and website use is also increasingly common as noted above this is not necessarily enough to meet the evolving demands of increasingly technologically savvy consumers. Buhalis and Laws (2001) discuss the behaviour of these new consumers who are becoming more used to interacting in an electronic environment and are increasingly demanding that tourism enterprises be easily accessible on the Internet. Not only do they require access to information but also the ability to book online and submit payment in a secure environment (Mason and Milne 2002; Gatty and Blalock 1998). Buhalis (2003, 143) comments on a number of factors that determine the introduction of ICT by SMTE. Factors originating in political, social and economic forces can lead to the uptake and development of technology as part of broader strategies. Thus it could be said that the new, sophisticated consumer is pushing SMTE to respond and increase efficiencies (Nodder 2003; Milne et al, 2004). Similarly, SMTE who are forming strategic alliances in order to increase their influence on a global market require the support that can be delivered by up-to-date ICT. As pointed out by Cooper (1998), accommodation is the fundamental element of the tourism product, not only is it the largest and most ubiquitous sub-sector within the tourism economy. The accommodation sector is the essential components for the tourism development, planning and economy within any destination and consists of different sub-sectors from which hotels can be considered as the significant one. It is on this premise that Medlik and Ingram (2000), contributed by saying that the primary function of a hotel is to accommodate those away from home and supply them with their basic needs but through the years the diversification in the provision of accommodation as tourism products, change in consumer demand, needs and expectations, globalisation and modernisation challenge has given rise to an increase level of ICT competition among accommodation service providers. The accommodation sector and the impact of technology have had great influence on the distribution of the accommodation products. The development of technology has seen accommodation providers reviewing their marketing strategy and delivering their product via an innovation distribution channel. The Global Distribution Channel (GDS) and Computer Reservation Channel (CRS) represent the strongest distribution system for hotels and international chains. According to Travel Mole (2001), the Hotel Electronic Distribution Network Association has reported that hotels bookings made through Amadeus, Galileo, Sabre, Sahara and World span grew 11.4 percent in 2000, with 48,787,000 bookings. The evolution of the internet provide the opportunity for the online booking through a central reservation system as well as the implementation of online marketing strategy and interaction with customers such as the e-commerce. However, it shows that despite the impact of the environment, seasonality or technological, the accommodation industry will still continue to innovate and diversify and expand to cater the demand in tourism products. 1.5 Accommodation, and ICT a review ICT are increasingly recognised as a critical part of the strategic management of accommodation organisations irrespective of size (Buhalis, 2003 p51). Studies of the significant intra-firm impacts of new technologies have been paralleled by broader analyses of ICT ability to alter distribution network and global industry structures (Nodder et al, 2003). Internally there has been a focus on the impact of technologies in both front office and back office areas with an emphasis on point of sale (POS) technologies, in-room entertainment, back-office accounting, human resources management and supplier relationships (Anon 2002b; 2003b, Baker and Sussman 1999). Emphasis on the broader impacts of ICT has been placed on airline-based Global Distribution Systems (GDS) and Computer Reservation Systems (CRS), Property Management Systems (PMS) and Destination Management Systems (DMS) (Milne and Ateljevic 2001). The latter have been used by enterprises to enhance performance in the global distribution channels that dominate international tourist flows, and to create seamless integration between internal technology use and the outside world (Go and Pine 1995; Gray et al, 2000). In simple terms, tools that facilitate the transmission of information and a level of interactivity between tourism operator and consumer are indispensable to each stage of the tourism value chain, especially when considering distribution and the ability to enter new markets (Buhalis 2001a, b). There are a number of ways that Information and Communications Technologies can enhance the performance of an accommodation enterprise and assist in gaining competitive advantage (Baker et al, 1999; Baum and Odgers 2001; Buhalis 2001c, Milne and Pohlmann 1998). These include; allowing a quicker response time to market and immediate processing of enquiries; integrating different applications to allow seamless processing with reduced error; sharing of resources; increasing capacity of work flow and worker productivity; customization and/or standardisation of key product offerings; flexibility and the adaptability needed to keep pace with the fast moving market, and the ability to creating communities of online suppliers and clients (Murphy 2003; Mutch 1998; Sigala et al 2001). The relationship with the customer can therefore be enhance at the information gathering and pre-arrival stage, during the arrival, check-in and stay stage, and also in the departure and post-stay stage. The ability to mine data gathered from clients and to measure the performance of individual workers and departments also makes it easier to benchmark, compare and contrast performance across global boundaries while also creating localized improvements (Van Hoof 1996, 2003). The accommodation businesses has this concern of improving market share and increase profitability as a result of providing a unique experience to customers with the accommodation structure located within an ecologically fragile natural environment. So it is very important that accommodation businesses adopt an environmental management scheme by adopting water conservation concept by reducing water usage mainly in areas where there are water shortage, energy conservation, for example the Hong Kong Guide identify a way for saving energy with the use of a computer which controls energy and even rooms in a way that as soon as a room is vacated and doors shut the light will shut automatically. Technological innovation is also depicted as an improvement in a product or service performance in terms of quality, cost, speed or number or characteristic (Cohen Levinthal, 1990). The technological innovation within the tourist accommodations activity has to capture the particular and differential features of sector, characterized by the nature of the service. According to Gallouj and Winstein (1997) there are some aspects that characterize service and have a great influence on the definition of technological innovation. Those can be relevant to the accommodation sector in the following ways: First, there is a close interaction between production and consumption (coterminality) that makes difficult the typical product and process manufacturing distinction. The coterminality implies that the innovation activities will focus on service individualization, adapting the service provided to the customer requirements. Moreover, the coterminality leads to a higher degree of service heterogeneity the exchange object differs from one case to another. Only institutional changes, effectively implemented as a business strategy, must be regarded as technological innovations, and not those spontaneously generated and derived from human interaction. This characteristic fits on the hotel set of services provided to their customers. The second is the intangibility and growing information contents in the provision of services. The information and communication technologies play a critical role in the innovation activities of tourist accommodation businesses: to reach the potential customers with information that helps to get the deeper understanding of the service purchased; to reach the largest share of the demand; to obtain and process the information for a better business performance. The role of human resources as a key competitive factor. The importance of the human factor in service activities is associated with the capability to establish the quality and features of the service finally provided. Training and education activities are explicitly considered as one way to improve and upgrade the technological capabilities of service companies. Changes in the organization architecture can be linked to the introduction of new technologies, and should be included as technological innovation activities. These organizational issues are relevant in the accommodation industry to fulfil the services requirements. As Weiermair (2001) notes, Information and Communication Technologies play an integral role in enabling tourism operators of all types to act local and think global. Information and Communication Technologies have been claimed by many commentators to be the backbone of the tourism industry (Wong 2001; McCann 2001; Applebee et al, 2000; Connolly and Olsen 2001) and accommodation is no exception to this rule. ICT is seen as a vital, and often somewhat overlooked, element that shapes and underpins management of operations, human resources, sale and marketing and accounting and finance (figure.1) Indeed ICT is seen more and more as an enabler of competitive improvements for both small and larger enterprises alike (Anckar Walden 2001; Gretzel and Fesenmaier, 2000). The tourism industry includes a wide range of activities such as restaurants, entertainment, transportation and accommodation. A rigorous and reliable analysis of the technological change focuses on one of these activities that include a homogeneous set of companies with similar production functions inputs, outputs and available technology and market environment. The homogeneity of the available data and the relative importance within the industry, make advisable to choose the hospitality business as the field of the study. The lodging sector is an outstanding tourist activity since is a sine qua non in the provision of all the other tourism services, being the basic requirement of the tourist at the destination point. Figure 1: The integral role of ICT in the accommodation sector (Connolly and Olsen, 2001, 87) Connolly and Olsen, 2001, 87) Within New Zealand, like elsewhere around the world, the government and major telecommunications enterprises have a vital role to play in providing the connectivity and bandwidth to support ICT uptake and effective use in business (e.g. Ministry of Economic Development Project Probe initiative) and in which industry and business leaders to build capabilities (a key objectives of the eCommerce Action Team ECAT). As Nodder (2003) notes, however, these initiatives have often highlighted the needs of large businesses, sometimes overlooking the SME that are vital to sectors such as accommodation. 1.6 The New Zealand accommodation industry an overview The New Zealand accommodation industry is made up of a range of segments and is not an easy sector to define. The researcher begin this section with a short discussion of definitional issues revolving around accommodation type and size, then address issues related to the sectors overall size, economic value and geographical structure. Defining accommodation and size The key elements are defined below and are based on the descriptions provided by one of the nations leading providers of accommodation based information the Automobile Association (see www.aatravel.co.nz):  Ã‚ ¬ Hotels: includes both hotels and resorts Hotels of world class standard are found in major cities, leading provincial and resort areas. They have bar and restaurant facilities. Rooms have phone and TV, toilet, bath/shower facilities and usually have tea/coffee making facilities. Country hotels and pubs offer clean, pleasant rooms. Hotels and pub can refer to taverns without accommodation. Some sporting lodges and upmarket resorts offer exclusive hideaway location with top-class facilities.  Ã‚ ¬ Motels: includes motor inn, apartments and motels These are a popular form of accommodation for domestic travellers and family groups as most units offer self catering facilities. They also have phone. TV tea/coffee, bathrooms and toilet facilities; they have made up beds, bedding and parking. Breakfast can usually be ordered at an extra cost.  Ã‚ ¬ Hosted: includes private hotels, guesthouses, bed and breakfast, and holiday farm (farm stay) accommodation Guesthouses may sometimes be in restored older buildings, not all include breakfast. Private hotel means no liquor license. Home-stay and farm-stay normally means accommodation is available in the family house, though a separate annex or cottage may be included. Bathroom may be separate or shared. Guests may share home cooked meals with their hosts or fellow travellers, breakfast is usually included in the tariff, and other meals are sometimes available by prior arrangement.  Ã‚ ¬ Backpackers/Hostels Generally independently owned, with an emphasis on enabling travellers to mix and mingle. Most offer a mix of shared rooms (dormitories) and double/twin/single rooms. Prices can start as low as $15. The focus market for this group is often younger independent travellers.  Ã‚ ¬ Caravan parks/Camping grounds. Tent sites, caravan sites, campervan sites etc with central toilet facilities and recreational facilities (games, TV rooms), some also offer onsite cabins which offer beds and a roof but little more, some are more upmarket with ensuite facilities, TV etc. Industry Characteristics The New Zealand accommodation sector continues to grow although periods of International uncertainty and domestic overseas economic fluctuations have impacts on the industry from time to time. Although there are some sectoral fluctuations overall trends in occupancy rates have been rising during the past five years (Figure 2). The relatively robust nature of the industry is underlined by the fact that during this period the global tourism industry has faced some of its most challenging times with the spectre of terrorism and health related pandemics creating a major downswing in international arrivals for several developed and developing nations. Figure2: Five years trends in accommodation sector occupancy rates (Source: Statistics New Zealand, 2004) Performance in the past year has been steady with most segments of the industry showing little growth. The overall occupancy rate for February 2004, excluding Caravan parks/camping grounds, was 69 percent, the same rate as that recorded a year earlier (Table 3.1). Hotels and motels both recorded rates of 72 percent in February 2004, while backpackers/hostels recorded a rate of 63 percent. Four of the five accommodation types recorded increases in guest nights in February 2004 compared with February 2003. Total guest nights in short-term commercial accommodation were 3.2 million in February 2004, a 3% increase compared with February 2003 and 10% increase compared with February 2002. Motels (up 53,000 or 5 percent) recorded the largest absolute increase in guest nights, followed by backpackers/hostels (up 41,000 or 11 percent). Motels had the largest share of total guest nights in February 2004 with 33 percent, followed by hotels with 30 percent and caravan parks/camping grounds with 2 2 percent. 1.7 CONCLUSIONS This research has highlighted a number of key issues in the relationship between ICT adoption and accommodation use/demand in the New Zealand hotel sector. The main findings can be summarised as follows: In common with other parts of the world, the New Zealand accommodation sector is becoming increasingly reliant on ICT. Large hotels have already invested heavily and are now enhancing and fine-tuning their use of more mature technologies. For small operations the take-off in ICT use has occurred more recently. Future investment in ICT is unlikely to slow. The Internet and the use of on-line information by consumers and suppliers are playing a major role in influencing overall accommodation industry performance and organisation. The impact of on-line booking is being felt across all segments of the industry. As the Internet evolves into a single, powerful information highway supported by diverse technology applications, there will be many opportunities for more flexible and efficient sales processes, data-warehousing, customized service provision and labour monitoring. 1.8 RECOMMENDATION While ICT will continue to improve efficiency and reduce cost in the large accommodation sector its main role in the future is seen as the facilitation, provision, and monitoring of service quality and the blurring of divisions between departments and different properties. There is a clear sense that technologys major impact on job reduction has already occurred. There is a real need for workers to have a deeper understanding of not just the technology itself, but also of how the technology is embedded within overall business operations and performance. The task of the improving service and performance through ICT adoption in accommodation organizations is complex. The implementation of technology may very well assist in improving service quality but research shows quite clearly that technology and information alone do not confer competitive advantage. If managers want to convert ICT investments into real service quality and performance improvements they must understand its links to, and impacts on, workers, managers and suppliers. In simple term the work of managers is becoming more complex and they too increasingly require a deeper understanding of ICT as a business tool and its potential applications in the business setting. In recent years accommodation businesses have been influenced by substantial ICT change, both from within and outside the industry. The experience gained in recovering from adverse impacts, or from adapting to take advantage of new opportunities, has been hard won. Lessons learnt from such valuable experiences need to be shared to ensure the continued development of the industry. At the same time it is clear that the role of ICT in the industry will grow and evolve in the next few decades, bringing with it a range of new labour and training need. There is widespread consensus that formal training in the sector falls short of the evolving industry requirements for skilled workers. Hotel and tourism schools appear to be having problems keeping up with technological changes which require. In concluding the researcher is of the opinion that there is a need to better facilitate access to training programmes for operators, their staff, and cluster organisations. Improved feedback to industry on tourism demand and supply trends is required, and the establishment of formalised communication between tourist and tertiary providers is increasingly necessary. Recent initiatives highlighted in the Tourism Strategy will certainly help to overcome these issues. It will also be important to monitor the efforts made by groups like the CTC in Canada and Service Skills Victoria in Australia, as they establish new bodies that link the accommodation industry and training providers together to lead workforce development for the sector. Such bodies have the potential to assist industries, enterprises, and their workforce to integrate skills development with business goals. Based on the above role of ICT in the hotel industry, the impact of ICT on the accommodation sector can not be measured. Words count 4,286

Another Canada Essay -- essays research papers

When people think of Canada and then compare it to the United States of America, they always tend to think it is similar. At least I did until I started this project. I always thought that Canada was a clone or mirror of America, but I was wrong. About 99.75% of the Canadian people consider ice as something that they use in a drink or something that is always on the road that needs salt. For the rest of the Canadians, ice is a major barrier of life. The ice can be used as a helpful thing to. It could be crafted into a refrigerator. It could also be used as a racetrack for snowmobiles. Now how many ice refrigerators do you find in America? I don’t think the climate in America and support something like that. Eighty percent of Canada is in a subartic zone. While America sits comfortably in the tropical wet-dry to continental humid climate zone. The main population in Canada is rested in between the January temps. of -2Â °F and 14Â °F. Whereas Americas’ main population is in the 41Â °F to 32Â °F range. For Canada, the climate reaches the extremes during winter. About 95% of Canada is 14Â °F and below. America’s winter is about 23Â °F-41Â °F. The dramatic difference may have affected the difference of population. The average population in Canada is 26 people per mi. Â ², compared to 128 people per mi. Â ² in America. I think that the people are more densely populated in the US because the weather is more tolerable. The weather also affects what is grown and produced in the two countries. Canada g...

Junk Food Essay

Hello, my name is Daniela and I am here today to share my opinion about banning junk food, and hopefully I change your opinion, if you disagree with me. Well, junk food is food that’s very high in fat, sugar, and calories. It hardly has protein, vitamins, or minerals. I know it may be very tasty and good, but it’s not so good for your body. Eating junk food can cause your brain to get addicted to it in a way like drugs do. You’ll constantly think you need it, when you don’t. If you go a couple weeks without junk food and you’re use to eating it, you’ll want it even more, which is bad. Poor eating habits as a kid, become worse when you’re an adult. Eating it for years can cause obesity. Over 31. 8% of children in America are obese or overweight. This all leads to heart problems, diabetes, and other health problems. It can also cause cavities and other dental problems. Junk food also has a lack of oxygen, which is what feeds the brain and the rest of the body. Lack of oxygen causes fatigue and lack of concentration. A lot of studies also show that kid’s grades are sliding down very fast, due to being tired and lack of concentration. They can’t keep all the information they’re learning in their head. Parents should monitor their kid’s diet, but at school they can’t. Therefore the school should help the students in deciding what’s better for their nutrition. Kids do what they see other people do no matter if it’s bad or good. They see us eating a lot of junk food; they’ll eat a lot of junk food. They see us being healthy; they’ll want to become healthy. So why teach them that eating a lot of junk food is healthy? At home, maybe some parents may not care what their kid eats; therefore they should at least have one healthy meal provided by the school. Many students like to go and socialize with their friends during lunch since they can’t really talk or see each other any other times during school. Therefore, they’ll want to just grab a quick snack, like a type of junk food, and just leave to go talk with their friends. They aren’t eating a good meal and are just putting junk in their body. It’s much better if the school bans it and replaces the junk food with a healthy snack so at least the person can be eating something good for them. What if the school makes you take P. E. more than you’re required to since they decided to keep junk food? I know many of you hate it. So I don’t know about you, but I rather be eating healthy, than be trying to lose those calories I got from the junk food. I rather not even be taking P. E. another year just because they decided to keep that junk. Also, students are taught in health classes about healthy eating, and if the schools promotes and sells junk food, then the school contradicts its purpose of teaching this. The money you waste on junk food funds most of the cool and new stuff we get for our school. The school board should be paying for this stuff. They’re basically making money off your poor health choices. I hope you see things my way now and think about supporting the idea of banning junk food in school. Thank you for your listening!

Personality Theory Analysis Essay

In human nature, personality is explained in various ways depending on the environment an individual lives in. Personality is the traits and characteristics of an individual unique ways of expressing his or her feelings towards any situation in his or her social circle. The learning theory is explained as the process in which humans learn and how they adapt to permanent behavioral change in the environment. Humanistic and existential theories are the holistic approach to psychological health and human behavior toward meaning, values, personal experience, and self-actualization. The knowledge of both humanistic and existential and learning theories gives a board insight into human nature and personal reaction and growth in the external environment of one’s personality (University of Phoenix, 2013). The learning theory is examine how an individual’s reacts to his or her personal environment and the behavior conditions which one displays in his or her environment. B. F. Skinner theory of behaviorism explains how a person is held accountable for his or her actions with the illusion of self-control. Skinner argues the choice of free will or genetics shape the environmental factors of reinforced behaviors. He believed that people are a product of his or her environment. Skinner believed that positive reinforcements strengths an individual’s behaviors by providing a sense of consequences and rewards for the reinforcement (University of Phoenix, 2013). Albert Bandura’s social cognitive theory redefines the assumption human functioning is a combination of genetics and influences from the environment. Bandura proposes humans are capable of self-efficacy from using his or her external and internal instincts. Bandura believed through personal strengths influences the way a person reacts to different situation that can affect a person’s behavior. Observation learning is proposed in Bandura’s theory. He believed that people learn from his or her environment when placed in various situations  (University of Phoenix, 2013). Learning happens in a cause and effect relationship in the environment. The cause would be the reaction to a behavior in the environment and the effect would be the consequences an individual faces from the reaction to the situation in the environment. Individuals are placed in similar experiences to determine what the outcome will be in the situation. The individual becomes passive and simply react to the experience he or she is going through. Cognitive learning explains how a person’s rational thinking and behavior determines a person’s complex responds to a behavior from individual thought process (University of Phoenix, 2013). The humanistic approach is implemented when an individual has reached self-fulfillment or potential growth. The way a person reacts in situational behavior depends on the level of potential behavior one is capable to re sponding too. Maslow suggests the driving force in a person motivation and personality needs is called holistic dynamic theory. A person’s motivation is created from another need to another need in personal growth and self -actualization. Maslow believed a person needs are being met when he or she satisfy a lower need (University of Phoenix, 2013). Carl Rogers believed that humans evolved from a conscious mind through formal tendencies. Rogers agreed with Maslow that individuals motivated toward self-actualization of a person’s personal growth in his or her environment. Rogers’s person-centered theory focused on a person’s constructive and personal directions in his or her life. With self-awareness, a person is free to make choices and participate in his or her own personalities. He suggested that people focused on his or her current subjective understanding rather than the unconscious motive interpretation of the current situation. Rogers’s relationships encourage psychological growth within individuals (University of Phoenix, 2013). The existential theory explains that individuals are responsible for his or her own choices that he or she makes in a formal or informal decision. Rollo May believed that anxiety and informal decisions are the factors in human motivation. The anxieties come from an individual’s mental state of mind and are prone to avoid anxiety. May’s believed that individuals show move to his or her own destiny (University of Phoenix, 2013). The learning theory is an accumulation of learned behavior that will increased through a person’s life span. Individuals stem from situational behaviors to gain possible reinforcement  and reward from the decisions he or she makes. Skinner believed the environment shaped a person’s personality from the environment he or she resides in. The environment influences a person’s character and traits to make decisions to gain personal rewards. The humanistic and existential theory moves toward fulfillment and the realization of an individual growth for his or her needs (University of Phoenix, 2013). Rollo May believed a person have to maintain a healthy relationship with others, but in the end will be alone. Abraham Maslow insists through self-actualization a person will gain the feelings of others, but will not rely on others for self-esteem or personal gain. Rogers believed through a caregiver responds to promote psychological growth in a child. Humanism emphasized on the interpersonal relationship that is essential to personal development in a person’s personality. In interpersonal relationship, a personal will have confidence in social gatherings he or she holds close to them. Bandura proposed an individual learning comes from observation learning from a person’s observation in making a critical or informal decision (University of Phoenix, 2013). From the learning perspective side, people associate with others to receive reinforcement or rewards from social interactions. People continue to form associations with others to reinforce a particular behavior from ot hers around them. People make inform judgments in protecting his or her environment from natural forces or people trying to inflict personal harm towards them. When reinforcement is not applied, people will maintain a healthy relationship through personal association to gain reinforcement. People learn from his or her environment and if is placed into a different environment, then the individual will have to adjustment in a new situation. By taking a person what of his or her comfort zone, the individual will able to adapt of different environment needs and make decision accordingly. The theory relates more to nature verses nurture when an individual needs are being met for personal growth and development in his or her new surrounding environment (University of Phoenix, 2013). The existential theory concentrated on the free will of an individual to make any decision he or she chooses. The theory drives on the sense of well-being and to be in the world to maintain a healthy psychological growth. If a p erson decides to on making bad choices, he or she will have to answer to them. The choices a person makes show his or her character and personality traits of how to make  an inform decision. He or she wants let any other person cloud his or her decision-making and will rely on his or her own judgment. The results can be either constructive or deconstructive role in the decision making process (University of Phoenix, 2013). Social constructivism is defined as behavior or knowledge constructed from person’s behavior based on new ideas a person gain from past and present knowledge or experiences. Bandura believed a person learns from experience and through observation personal growth and development was shorten. The beliefs are essential component of personal development that depends on the social environment others within another’s environment. The genetic factors contributed to the social influences by others in constructing his or her own personality in significant individuals. The action did not encourage the behavior, but changed the events of the behavior. The social relationship changes the perspective of one’s view within another’s environment and emotional state of mind. The personal development will be what the individual gain from his or her learning experiences (University of Phoenix, 2013). Maslow laid the foundation in understanding the characteristics of a healthy and normal person. His theory of self-actualization gave the perception of reality, straightforwardness, and genuine characteristics of an individual’s personality traits. Many individuals have the need for solitude and independence to appreciate the ordinary things in life. People need to indulge in social interests, seek social experiences, maintain a few interpersonal relationships, and have an idealistic sense of humor to properly functions in today society (University of Phoenix, 2013). Learning theories is the human learning that is results from behavior and personality in an individual’s environment with internal considerations. Humanistic and existential theory is the tendency for internal drive of self- predetermination. The behavior viewed as a movement toward actualization and situational behavior as reinforce or reward. The aspect of interpersonal growth with each theory discussed. The perspectives affect by situational behavior in distant characterizations of human nature. The personal development of an individual when placed in a social setting and the decision- making he or she encounter in his or her environment. The diversity of reasoning related to thought and understanding of human nature from a psychological point of view. References Colman, A. M. (Ed.). (2010). Humanistic psychology. In Oxford Reference Online. Retrieved March 7, 2015, from http://www.oxfordreference.com/pub/views/home.html McLeod, S. (2007). Carl Rogers. Simply Pychology. Retrieved March 7, 2015 from http://www.simplypsychology.org/carl-rogers.html University of Phoenix. (2013). Theories of Personality. Retrieved from University of Phoenix, PSY405 website.

fredrick douglass speech essays

fredrick douglass' speech essays Fredrick Douglass, who was an escaped slave, wrote what to a Slave is the Fourth of July? This speech is unique because it is an actual encounter of a slave's perspective of the Fourth of July. As we will come to find out, to a slave, there is no Fourth of July. It is shown throughout the whole speech that a slave feels that being human means being free. Also, for one to really understand and know the true values of freedom, one must understand denial and put him or herself in a slave's position. To a slave, being human means being free. Since a slave has no freedom, he has no sense of humanity. A slave is not free in his own country. He is a deprived person of his every right as a human being. When America gained its independence, it meant that everyone within the country had gained his or her own rights as being part the nation. However, everyone gained their independence except those that were considered less than human, which were slaves. Being human fulfills the basis for living your life according to your morals, values, and standards that were promised in you. A slave is denied the same opportunities as others. While he lacked in literacy and any form of education, he sees no hope of ever seeing a way to the future. Before America gained its independence they, themselves, were considered slaves. They had no chance to declare their freedom until a war was fought. A nation that was once without freedom should have stepped back and taken a look at their own lives and view of being human. Pe...

Near Earth Objects essays

Near Earth Objects essays Near-Earth Objects are comets and asteroids that have been pushed by the gravitational attraction of nearby planets into orbits that allow them to enter the Earth's neighborhood. They are about 4.5 billion years and can range in size from pebbles or lumps of ice, to rocky or icy worlds nearly 1,000 kilometers across. An asteroid or comet may become a Near Earth Object when its trajectory intersects the orbit of the Earth or is within 0.3 Astronomical Units (distance between the earth and the sun). A Comet is a body revolving around the sun. A comet is characterized by a long, luminous tail, but only in the segment of the comets orbit when it passes closest to the sun. Composed mostly of water ice with rooted dust particles, comets originally formed in the cold outer planetary system while most of the rocky asteroids formed in the warmer inner solar system. A Meteor is a small solid body that enters a planet's atmosphere from outer space and raised to combustion by the friction resulting from its fast motion. An Asteroid is one of the many small or minor planets that are members of the solar system and that move in elliptical orbits primarily between the orbits of Mars and Jupiter. Some 65 million years ago dinosaurs and 75 percent of those species then on Earth seem to have been executed to extinction by the impact of a 10-kilometer-diameter (6-mile) NEO. The Tunguska event of 1908 in Siberia, warns the United States Air Force on small objects entering Earth's atmosphere, and particularly, the impact of some two dozen fragments of comet Shoemaker-Levy 9 with Jupiter in 1994 all underscore that dangerous impacts may occur today. The best estimate of the probability of a civilization-threatening collision in the next century is nearly one in 1,000. Estimates of the numbers of Near Earth Objects of different sizes can be made either by direct measurement using ground-based telescopes or inferred from the numbers and sizes of...

How to Get Through Family Holidays and Survive

How to Get Through Family Holidays and Survive Heading home for the first time in four months? If so, you might be surprised at how much your perspective has changed. Now that you’ve been on your own at college, going back to your parent’s house can feel much different than when you were in high school. Even though it hasn’t been very long, you’ve already begun to create your own habits. While it’s important to be self-sufficient, your family might not be used to the more confident version of you. And, if you’re not careful, your new-found independence may ruffle feathers. By following these guidelines, you’ll be more likely to have a pleasant experience when you go home for the holidays. Prepare Your Sales Pitch Everyone, including your nosey Aunt Dorothy, is going to want to know all about your experience at college. Don’t expect that they’ll avoid the most uncomfortable questions – How are your grades? Do you have a girlfriend/boyfriend? When are you going to get a job? To make it easier on yourself, prepare answers to those questions before you even get home. It should be something simple, easy-to-remember, and cover all the questions that you’re sure to get. Practice Smooth Topic Transitioning Don’t want to talk about the love interest you brought last year? Are you avoiding the inevitable discussion about your grade in English? Practice smooth topic transitioning. The truth is, most people don’t want to hear about your embarrassing details. It’s more likely that they’d rather talk about themselves or something less controversial. For example: Relative: What ever happened to that rash you had last month? Did you ever find out where you picked it up? You: I actually too busy with my internship at Microsoft. Did you know that Bill Gates really does give out cash to his employees at Christmas time? Relative: Really? How much did you get? Another embarrassing crisis averted! Eat Healthy When they talk about the Freshman 15, what they don’t tell you is that holiday eating accounts for about 25% of your weight gain. When you head home to delicious homemade pie and all the turkey you can eat, it can be tempting to eat like you’ve been on a deserted island for the last few months. Instead, try to eat a few regular meals each day and browse lightly on the holiday goodies. Remember, you can always pick up a small cooler for a couple of bucks and bring some of those delicious treats back to your dorm later. Shop Early Especially if you and your family members are close, you don’t want to spend the few precious weeks leading up to Christmas hanging around by yourself in the mall. Instead, plan on getting the bulk of your holiday shopping done before you head out of town. That way, you can enjoy the time you have with your family doing other fun things, not just stressing out about when and where to buy all your presents. Manage Conflict Even the best families have issues that are sensitive. Whether it’s money-related, job-related, or just a simple personality conflict, nothing ruins the holidays more than fights that could have been avoided. In order to keep the peace this holiday season, here is a list of increasingly helpful ways to deal with a difficult situation or topic. Attempt to transition the conversation. Take a deep breath and count to 5. Respond with, â€Å"I understand how you feel. Maybe we can talk about this later.† Excuse yourself to the bathroom. Stay there until you feel confident you can discuss the topic rationally and without anger or aggression. Take a walk around the block. Write a note expressing your feelings in the most positive way possible. Remember: You Are the Guest Your parents are allowing you to stay, probably free-of-charge in their home. It’s your responsibility, as their guest, to follow their rules. That may mean inconvenience for you such as not being able to sleep in the same room as your significant other, not being able to smoke, or refraining from certain language – but it’s worth it to show your family you appreciate their hospitality. Are there other important ways that you get through your holidays back at home? Share your thoughts in the comment section below!

Choose two books from list and summarize each book and then explain Essay

Choose two books from list and summarize each book and then explain how they compare and or contrast - Essay Example Wolfgang and Ferracuti offer explanations for the factors that drive homicide and other forms of violent criminal conduct. Ultimately the authors provide a generalized concept of the subculture of violence. Wilson and Hernstein argue that many of the theories that explain criminal behavior are based on erroneous conclusions (Wilson and Hernstein 41). For example, theorizing that economic difficulties increases the incidents of crime can encourage expectation of increased crime during â€Å"economic recessions† but will at the same time direct attention away from the possibility that â€Å"prosperity† could increase criminal conduct by loosening â€Å"social bonds† (Wilson and Hernstein 41). The fact is, there are number of factors that influence individual behavior and any realistic approach to theories in criminology must take account of the different factors that drive â€Å"individual decisions† (Wilson and Hernstein 42). It is against this background that Wilson and Hernstein bring together most of what has been gleaned from the practice of criminal justice and academic discourse such as economics, sociology, psychology and philosophy and apply this information to ascertain the underlying contributing factors to crime. The authors then come to the conclusion that there are three root causes of crime. By looking at the statistics on the young male population, Wilson and Hernstein come to the conclusion that boys with low intelligence and anger problems are predisposed to commit crimes. It therefore follows that if boys fitting that criteria increase among the population, an increase in criminal conduct will follow (Wilson and Hernstein, 104-172). In other words, the increased population of unintelligent, ill-disciplined boys in a community corresponds with an escalation in crime. The second set of factors that contribute to the propensity for criminal behavior is the potential

Database Coursework Example | Topics and Well Written Essays - 1250 words

Database - Coursework Example This allows or revokes access to the database for authorized users only. It also restricts on the actions that authorized users are allowed to perform on the database. This is the main method of securing data in a database. Access to the database mostly requires correct username and a password which is assigned by the database administrator. The database administrator identifies legitimate users of the database and assigns each a passwords that they use to directly or indirectly access the database for manipulation, retrieval or updating of the data. The second issue that is concerned with database security is database vulnerabilities. Threats from a variety of sources such as internet and users should be identified and minimized to reduce the chances of the database security being breached. This could be done through use of firewalls to manage the network traffic in the organization and also, through controlled access to the database for the users. Updates and patches to the databas e management system should be routinely done to help enhance the security of the database. The database administrator should be updated on the current trends of security so that he/she can mend the database where such vulnerabilities occur. The third aspect on database security is auditing. ... For instance, in the case of Happy Homes Ltd, applications could be used to record the sales of houses. This and many others are potential sources of database threats as they may leave vulnerabilities in the database. The database administrator should be in a position to determine the permissions of the applications so that he/she can regulate them (Alfred Basta, 2011). Distributed Database Management System This database system connects a variety of databases in various regions over a network and operates in a way that the users are not aware of the distributed databases. In the case of Happy Homes Ltd, the databases could be located in various regions and then have a central server that synchronizes the operations of the whole system. Each region’s database handles information related to that region and when there is need, it shares its resources with other database system s in other regions. A sample diagram for the Happy Homes Ltd could be defined as: In each region, a ser ver helps in the management of the regional system. It also helps in communication among the various regional offices and to the main server. Data is stored in the database at a given region. A backup copy of these data is stored in the main database system at the organization headquarters. Storage of data in these areas helps in easier and quicker access to the data. Centralizing the data in one area reduces the system performance as compared to distributed system. Maintenance and administration of the distributed system is also easy as it can be done as per region. This makes it easier for database administrators since incase repairs are going on in one area other regions are not affected by the repairs. Troubleshooting and handling

N&S Finance Essay Example | Topics and Well Written Essays - 1000 words

N&S Finance - Essay Example Quick ratio Quick ratio, just as current ratio, is a measure of the company’s liquidity level, only that Quick ratio excludes inventory. This ratio is significantly below the current ratio, which could be an indication that the company is maintaining a high level of inventory. In case the company’s inventory is not easily convertible into liquid cash, then its financial position is at crossroads because it may experience difficulties paying its short-term creditors. The management should also consider whether the company is experiencing sales difficulties because that could be the reason why its inventory level is quite high. If this is the case, strategies should be crafted to increase conversion of inventory into cash so the liquidity could get better. Nonetheless, the positive increase from 0.83 to 0.95 is remarkable and if this trend continues, the company will not have liquidity problems. Accounts receivable turnover This ratio also shows the company’s liqui dity level. It is a strong indicator of how the management has efficiently employed the accounts receivable. A ratio of 6.63 in 2009 is remarkably big, meaning that collection of accounts receivable and extension of credit to customers was operated efficiently. Alternatively, this may indicate that the company operated, chiefly, on cash basis. The drastic fall of the ratio in 2010 could send alarm signals to the management that something is wrong especially if this sale is not as a result of a shift from cash sales to credit sales. For instance, this could imply that the debtors are servicing their dues very slowly or even defaulting. Average Collection period Average collection period reflects the period that it takes for the company to receive its accounts receivables. The 53.03 days for 2009 is an ideal period because the company will be assured of conversion of its receivables into cash in less time and use the money to pay its bills. However, 214.38 days for 2010 is very high, and this means that the company may be headed for liquidity problems as a result of customers delaying or defaulting on their dues. This, in turn, will cause cash shortage and hence the company may not be able to meet its administrative and operating expenses. The management should revise its debt collection policies to avoid experiencing liquidity problems. Inventory turnover The inventory turnover for 2009 is 6.5 times, but this reduced to 3.96 times in 2010. This implies that the company’s sales have started moving slowly, which is discouraging because this will most likely affect the profits directly. This, however, could be a sign that the company is increasing its inventory. Decline in inventory turnover will result to cash shortage and hence this trend should be averted. Total asset turnover Total asset turnover indicates how the management has invested the assets to generate revenue. The higher the ratio the better because it shows that the assets are applied more eff iciently. Reduction of this ratio from 0.93 in 2009 to 0.71 in 2010 is a cause for alarm because it indicates that the company’s assets are used less effectively, to generating income. The management should seek ways of boosting sales to ensure this ratio is restored to an optimum level. Debt to total assets Debt to total assets shows the company’s financial leverage, by revealing the proportion of the total assets that are funded by debt. In 2009, 47.14% of the assets were financed by creditors

Ethically Bound and Legally Speaking -Discussion Essay

Ethically Bound and Legally Speaking -Discussion - Essay Example The medical team did what they could to save the life of the patient. The patient emerged from surgery alive but was clearly going to have a very low quality of life if he lived long. Hours after the surgery, the patient developed complications and was clearly experiencing excruciating pain in different parts of his body. I realized that the patient was not going to live long. His condition deteriorated by the minute in spite of the efforts that the medical team were applying. Meanwhile the costs associated with his care continued to soar even as his quality of life dwindled and level of pain increased. The temptation to turn off the life support machines was high if not to save the patient from the pain he was suffering then to save his family from incurring additional costs for his care. He was going to die shortly; within a few days or weeks at the most anyway. I was torn between applying the principles of beneficence and nonmaleficence. The principle of nonmaleficence dictates that clinicians should do no harm to their patients (Aveyard, 2004). On the other hand, the principle of beneficence dictates that clinicians act in the best interest of the patient such as by taking action to prevent physical harm or pain (Aveyard, 2004). By switching off the life support machines, I would save the patient the agony he was going through as a result of his injuries and low quality of life. On the other hand, I would seem to have done the patient harm by switching off the machines. In the end, I decided to go by the latter. We opted to do the best we could to make the patient feel less pain even as he approached his death naturally. I believe the stand that I took was appropriate especially considering my strong belief in the sanctity of life. The alternative action would have been to switch off the machines and save the patient from having to endure so much pain. This perhaps

Treating Abused Adolescents by Eliana Gil Essay

Treating Abused Adolescents by Eliana Gil - Essay Example Gil begins the book by outlining the case of Jennifer, who was subject to sexual abuse from the age of 2. Having run away from home and several foster homes, she turned to prostitution and panhandling and becomes pregnant by the age of 13. Jennifer was a seemingly hopeless case as she had suffered too long and too deeply. Yet she dug deep within and found the courage to cope with her problems effectively. On this inspiring note, Gil proceeds to give an overview of the book. She describes the term â€Å"adolescence† and gives us a history of its roots, explaining how social and political movements and changes have influenced our perception and understanding of these individuals. Adolescence is a crucial developmental period in the life of the individual and traumatic events that disrupt normal development may have lifelong implications for the victim. This is therefore a serious issue and one that has been largely ignored because of existing misconceptions about adolescents who are in a delicate transitional phase, where they are neither children nor adults.

Financial accounting Essay Example | Topics and Well Written Essays - 1750 words - 2

Financial accounting - Essay Example There has been continued political as well as public pressure to have better regulation standards to ensure that there is economic growth. Scholars affirm that regulation of financial reports should start with solid corporate governance, making sure that the spirit of novelty is not negatively affected (Gibson 2012). Therefore, this paper seeks to offer a rational critical evaluation on financial reporting regulation and whether or not it should be reduced. Research shows that regulation of financial reports can be either right or wrong, depending on the nature of the firm and the extent to which such disclosures are regulated. However, it is evident that there are numerous drawbacks that come with having excessive guidelines; hence, they should be reduced to promote innovation, healthy competition, guarantee fiscal growth, and stability. Regulation is defined as a principle that governs a particular practice or behaviour. Various firms such as Enron have gone bankrupt and have reported failures in accounting because of unethical practices. As a result, most nations have focused on heavily regulating the financial reports and accounts to avoid failures such as those that happened in renowned firms like Lehman Brothers and Parmalat among others. Although regulation of financial reports is important and might appear sound, it should not be excessive as it damages the nation’s spirit of competitive innovation (Unerman &O’Dwyer 2004). Excessive regulation constrains innovation and business practices; hence, regulation of financial reporting should be minimised. It is important to understand that for a nation to be positively impacted by such standards, then, rules ought to start with solid corporate governance. It is the duty of the shareholders as well as the members of the board to examine carefully and e nsure that their firms are led in the right path to realise their goals (Whittington 2006). Encouraging accountability,

Treating Abused Adolescents by Eliana Gil Essay

Treating Abused Adolescents by Eliana Gil - Essay Example Gil begins the book by outlining the case of Jennifer, who was subject to sexual abuse from the age of 2. Having run away from home and several foster homes, she turned to prostitution and panhandling and becomes pregnant by the age of 13. Jennifer was a seemingly hopeless case as she had suffered too long and too deeply. Yet she dug deep within and found the courage to cope with her problems effectively. On this inspiring note, Gil proceeds to give an overview of the book. She describes the term â€Å"adolescence† and gives us a history of its roots, explaining how social and political movements and changes have influenced our perception and understanding of these individuals. Adolescence is a crucial developmental period in the life of the individual and traumatic events that disrupt normal development may have lifelong implications for the victim. This is therefore a serious issue and one that has been largely ignored because of existing misconceptions about adolescents who are in a delicate transitional phase, where they are neither children nor adults.

Isolation and Loneliness in Of Mice and Men Essay Example for Free

Isolation and Loneliness in Of Mice and Men Essay In the novel Of Mice and Men the theme of loneliness and isolation can hardly be ignored as there are elements of them in key moments in the story. Isolation and loneliness plays a huge role in the story and some of the points that make this book a very gripping read, they also put things across that most of us would not have imagined in the first place. George and Lennie play the biggest part to the themes of loneliness and isolation. When they first arrive at the ranch everybody is very surprised to see two itinerant workers travelling around together. The night before George and Lennie come to the ranch they are sitting by the brush they say to each other Guys like us, that work on ranches, are the loneliest guys in the world They dont belong no placeBut not us! Because I got you to look after me, and you got me to look after you. George and Lennies dream of themselves owning a ranch together and having a house with two separate bedrooms for each other, this in the day the book was written was very strange because people keep themselves to themselves and travel on their own they would do almost anything to share a room with somebody just for the company. But George and Lennie arent lonely and they want their own space away from other people. All of the other workers are not afraid to tell George and Lennie that they find it strange that two workers are travelling together and Lennie can only speak when George lets him. The ranch owner tells George that he will keep an eye on them because George may be trying to take something from George, for example his money. This is a perfect example of how people thought about workers travelling together. A good point about having friends on the ranch is if you get in a fight you have someone to stick up for you. An example of this is when Curley starts to hit Lennie he does nothing until George tells him that he can hit back and so he does and Curley gets what he probably deserves. The friendship that George and Lennie has is very important especially to Lennie because most other people would not be able to put up with him being a pest and causing them to loose their previous job in weed due to Lennie doing something stupid. If it was not for these two friends looking out for each other Lennie would probably been killed a lot earlier on in the story and not by George. Curleys wife is also a great example of loneliness and isolation on the ranch. Steinbeck does not give her a name. That makes her feel unimportant and she is not wanted, even though she plays a big part in the novel about the themes of dreams and in a way stops Lennie and George from getting their own dream of their own ranch. She is the only woman on a ranch full of men. This means that there is an immediate sense of loneliness because if any of the workers are caught flirting with her there will be trouble because Curleys dad is the ranch owner and he can get the workers sacked if his son tells him to, so Curleys wife has to stay in her house all day and the only person she can really talk to is Curley. Towards the end of the novel when Curleys wife is talking to Lennie in the barn it is the first time in the whole novel when she actually has a full conversation with anybody. She opens up to Lennie and tells him things that she has never told anyone else before, probably because she has nobody else to talk to. She really lets her hair down and tells him all sorts of things like she tells him that she does not like to only have to talk to Candy because she does not like him and that he is not a nice person. The only reason why she married him was so that she can escape her previous life at home. She also says Think I dont like to talk to somebody ever once in a while? Think I like to stick in that house alla time. On the ranch Candy is another perfect example of loneliness and isolation. Because he is old and disabled the other workers have a different attitude to him. His equivalent to a friend on the ranch was hi old dog. Because his dog was old and no longer useful so they kill it. Candy hopes they shoot him when he gets unable to do any work. At the very end of the novel when Lennie has killed Curleys wife and Curley is hunting him down. George is the one to kill Lennie because they were friends and he wanted no body else to shoot him. This shows friendship even when Lennie has done something very bad up until his last moment George can still find it in his heart to be kind to Lennie.

Schizophrenia Diagnosis and Treatment in the Family Unit

Schizophrenia Diagnosis and Treatment in the Family Unit Schizophrenia is a long term disorder with active symptoms for at least one month, including but not limited to delusions, hallucinations, disorganized speech, grossly disorganized or bizarre behavior, and/or a lack of organized speech, activity, or emotions as defined by the American Psychiatry Association(Delesi). This disorder can then be further broken down into subcategories. These subcategories include catatonic, disorganized, borderline and paranoia. Out of the four, paranoid schizophrenia a form of schizophrenia characterized by delusions of persecution, grandeur or jealousy (Mosbys Medical Dictionary). Acute schizophrenia can be fully understood if the adjective acute is examined. The disorder begins from early adulthood and continues until the sufferer passes away. Symptoms range from severe hallucinations to euphoria. Observation of odd behaviors should be reported by peers and family as early diagnosis can aid in the prevention of negative symptoms. Although there is no c ure, drugs and therapy are available to those with the disorder and can help ease the problem. Signs and symptom: The symptomatology is quite extensive and involves multiple types or classifications. The classification can be further broken down into two subcategories. The positive symptoms include the excess of or distortions of normal functions such as thoughts, emotions or behaviors (Lieberman, Stroup, Perkins, 195). Antipsychotic medications are usually constituted for the target of positive symptoms. Part of the positive symptoms includes delusions and hallucinations that contain subcategories. Delusions are incorrect ideas that can be perceived as truth or taken as actuality. These symptoms can especially be unique to paranoid schizophrenia. Paranoid delusions usually are mild and are based on one or two things. These delusions are triggered by real events in the individuals life and becomes elaborately embedded into their system. They are frequently chronic and capable of having duration of six months or more. Although it is presumed that hostility and violence are the characteristic of t he persons functionality, this might not be the case. Another case of delusions make the individual covetous of the people around them, especially his or her spouse. Inclined by the thoughts of a cheating or disloyal partner, they make attempts to find evidence that supports the delusional notion. In some cases this can lead to confrontations where which the significant other is wrongly accused. Further discussion will continue in the following paragraph under family standpoint. In addition to delusions, hallucinations also accompany positive symptoms. Hallucination, a sensory perception in the absence of any externally generated stimulus or perception(). Types of hallucinations involve auditory, olfactory and visual sensitivity of the human body and brain. Typically false perceptions and untrue intuition are a result of this. It can deemed as a bizarre behavior by another bystander. A diagnosis of schizophrenia is a highly stigmatised condition, and the media portray such people as dangerous, violent and unpredictable (Leudar, I. Thomas, P.). However, this is due to media representations of a schizophrenic and their actions. Generally, the diagnosis of paranoid schizophrenia includes the association of anxiety, anger, aloofness and argumentativeness. Another kind of symptomatology is the negative symptoms which includes frequent and persistent characteristic of schizophrenia. They can emerge as early as during the prodromal stage of the disorder, long before the presentation of the first psychotic episode. As of recent, the negative symptomatology has been broken down into two subtypes: primary and secondary negative symptoms. Primary negative symptoms are deficit symptom, which may precede psychosis on set and usually persist between the episodes. Also the symptom of lack of pleasure, poverty of speech and reduce social activity. The Diagnostic and Statistical Manual of Mental Disorder Fourth Edition Text Revision diagnostic criteria for paranoid schizophre nia states a preoccupation with one or more paranoid delusion, which may be systemize or frequent auditory hallucinations along with no prominent symptoms of disorganized speech or behavior, or flat inappropriate affect. Based on the countless amount of sources, it is safe to say that someone with schizophrenia is quite noticeable. So, is there a possibility of the disorder being transmissive to the ones offspring? The goes into detail on the topic ( Lieberman, Stroup, Perkins, 195). Causes: The causes of schizophrenia are still unbeknownst to psychologists and psychiatrists respectively. But certain research suggests the disorder is hereditary. One research in particular studies a genotypes in monozygotic embryos and came across a gene that contains the genetic defect for schizophrenia (Slatkin). The data shows à ¢Ã¢â€š ¬Ã‚ ¦diseases such as schizophrenia, bipolar disorder, autism, and multiple sclerosis that are relatively common (0.1-2% prevalence) and that have high similar rates for monozygotic twins (30-50%) and high risks to first-degree relatives of affected individuals. Although this information does not prove much about the specific nature of transmission of schizophrenia, it does point out that there is a gene for schizophrenia and the percent chance of the offspring getting it. In this case, it is more prevalent in monozygotic twins and first-degree relatives than any other individuals. Another source shows how relatives play a role in the transmission of th e disorder. As the chart shows, the more closely related individuals are the higher chance of the offspring acquiring schizophrenia. But keep in mind the risk of the actual coding in the gene being schizophrenia is still a new subject. Moreover, there are no clear statistics to dictate whether acquisition of the disorder is definite. Family Stand Point: Schizophrenia can be a burden for family members of the sufferer. This is because numerous amount of care is needed for the patient to ensure their safety. Research has shown higher amount of stress for the parents, most especially the mothers of low-income families (Gutià ©rrez-Maldonado, Caqueo-Urà ­zar, Kavanagh). The intensive amount of care needed for schizophrenics is probably a result of this. In another study, 31 families were assess continuously during a period that contained no further relapse episodes for burden and attitude. Out of the 31 families, 14 of them engaged in an educative intervention program of the psychology called Behavioral Family Therapy (BFT). The remaining 17 families, deemed as the contrast group, received conventional family support. The result showed that the family burden was significantly lower for the first 14 families than the contrast group. The same result states the self-assessed attitude towards continuing to care for the individual was mor e positive for the families who took the BFT program in association with the contrast family. This implies certain crucial information is thought to the family in the BFT classes that the contrast group lacks thereof. A wide array of information such as how to deal and cope with the individual during episodes and what to say to them are beneficial to the caretaker of the family. (Berglund Vahlne). Treatment: There are multiple ways for the disorder to be treated. Although schizophrenia is a long term disorder that still has no cure, treatment to ease the psychological pain is available. The most widely used treatment for schizophrenia are antipsychotic medications. These medications consist of neuroleptics and include phenothiazines, thioxanthenes, butyrophenones, diphenylbutylpiperidines, benzamides, benzisoxazoles and dibenzepines. However, the most effectiveness of theses drugs are seen in the acute phase of schizophrenia and the prevention of relapses. Nevertheless, the drugs get the job done, keeping the patient in a somewhat stable character(Mà ¶ller). Drugs, moreover, are not the only option for schizophrenics. Milieu therapy, another choice for treatment, seeks to counter schizophrenic patients tendencies to withdraw; it also fosters socialization, promotes responsibility, and provides retraining in interpersonal relationships. This is usually done after the soothing effects of shock therapies. The therapy includes a gamut of measures ranging from discarding restraints; minimizing isolation; giving attentive care and interest; fostering socializing, educational, and occupational activities; and providing group therapy to holding patient-staff meetings and setting up patient government to provide channels of communication and to encourage responsibility for the self and others.(Ed. David L. Sills.) Conclusion: All in all schizophrenia is a disorder that affects the social aspect of the individual suffering from it and accounts for 1% of the world population (Tybura, Grzywacz, Konopka, Samochowiec). From hallucinations to falsely accusing people around them, paranoid schizophrenics have the short end of the stick when it comes to most psychosis. The chronic character of the illness and the damage it causes in patients cognitive skills, emotions and social functioning provide a driving force for research on the causes of the disease to predict its course and establish possibly effective treatment with few side effects. (Tybura, Grzywacz, Konopka, Samochowiec).

Right or Wrong :: Free Essay Writer

Right or Wrong Introduction: Violence is not generally accepted in our society. There are different levels of violence and some violence can be categorised as not so violent while other violence is extreme. There are guidelines which are set so young people are protected from extreme violence. The Office of Film and Literature Classification places different classifications on the different forms of media. A recent example of this is the banning of GTA San Andreas for its high level of violence and low classification. However we use violence to get what we need and what we want. Hello fellow classmates, today I am here to defend Raymond’s action in killing Ron Kendall. The Action I Agree With: Raymond’s most important action in the story is surrounded with controversy. The important part is when Raymond takes the gun and shoots Ron Kendall. It begins when the war starts in Sesame Street. Raymond keeps saying that he wants a gun. Gracey, Raymond’s sister is trying to convince Ron to abandon Cooper, the racist, and his bizarre idea of war with the blacks. It almost works but Raymond gets Ron’s gun. Ron then walks towards Raymond slowly asking for the gun back but Raymond then shoots Ron. If Raymond had not shot Ron then he would have got the gun back and Raymond and the others would be at risk. So it is Ron’s own fault that he got shot because he and Cooper had threatened Raymond. And all Raymond was trying to do is defend himself from Ron. The First Point: Raymond knew what kind of men he was up against. He was up against cold blooded murderers who planned to shoot the aborigines as they escaped from their houses because of the flood. If he were to give the gun back to Ron he and everybody else could be harmed. The Evidence: The evidence is stated in the book, â€Å"Are you really going to shoot all the blacks when they come out off their houses?† Gracey asked, Ron Kendall then says â€Å"Only the young blokes.† Therefore Ron Kendall was willing to go along with Cooper and shoot the blacks. Rounding off the Point: With men like Cooper threatening Raymond’s life and planning to shoot the helpless Aborigines, we can’t blame Raymond for taking the gun and protecting himself and the others. Point Two: I don’t see how Raymond could have had any reason to hope Kendall was going to listen to Gracey’s good sense.

Catcher In The Rye: Everybodys A Phony :: essays research papers

Everybody’s A Phony J. D. Salinger’s novel, The Catcher in the Rye, is a very well known piece of the twentieth century. It’s a story about a seventeen-year-old boy, Holden Caufield, who experiences some interesting things and people upon his being expelled from Pencey Prep. School. From having breakfast with a couple of nuns on a bus, to spending an evening with a far from seraphic prostitute, Holden handles each situation the best way he can. However, most of the people Holden encounters, he deems innately phony; Holden thinks almost everyone is a phony. Holden discusses how phony his headmaster at Elkton Hills, Mr. Haas, was when he was there: [Mr. Haas] was the phoniest bastard I ever met in my life . . .. On Sundays, for instance, old Haas went around shaking hands with everybody’s parents when they drove up to school. He’d be charming as hell and all. Except if some boy had little old funny-looking parents. . . . I mean if a boy’s mother was sort of fat or corny-looking or something, and if somebody’s father was one of those guys that wear those suits with big shoulders and corny black-and-white shoes, then old Haas would just shake hands with them and give half and hour with somebody else’s parents (13-14). To Holden, it was blatantly clear that Mr. Haas was just putting on act to please the parents who showed up. He thought that everyone should be himself and not wear stupid facades.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Holden Caulfield lived in the Ossenburger Memorial Wing in his dormitory. That hall was only for juniors and seniors. The dorms were named after this person named Ossenburger who also went to Pencey Prep. School a long time ago. After Ossenburger got out of Pencey, he made a lot of money in the undertaking business, and he gave a pittance to the school. That pittance is why the hall was named after him. Then the next morning, Ossenburger gave a speech to the students of Pencey Prep. about how he was never ashamed when he was in some kind of trouble, but he would get right down on his knees and pray to God, and that you should always talk to God wherever you are. Ossenburger said to think of God as your friend. Caulfield got a kick out of this speech thinking how he could â€Å"Just see this phony bastard .

Respiratory System Mechanics Essay

1.) When you forcefully exhale your entire expiratory reserve volume, any air remaining in your lungs is called the residual volume (RV). Why is it impossible to further exhale the RV (that is, where is this air volume trapped, and why is it trapped?) This â€Å"dead space† of air needs to stay in your lungs constantly; otherwise the lung will completely deflate. If the lung has every bit of air sucked out of it, it will collapse and need to be re-inflated. 2.) How do you measure a person’s RV in a laboratory? By the air remaining in the lung 3.) Draw a spirogram that depicts a person’s volumes and capacities before and during a significant cough. Additional Questions for Activity 1. The following questions refer to Activity 1: Measuring Respiratory Volumes and Calculating Capacitates 1.) What would be an example of an everyday respiratory event the ERV button Stimulates? forced expiration 2.) What additional skeletal muscles are utilized in an ERV activity? abdominal-wall muscles and the internal intercostal muscles contract 3.) What was the FEV1 (%) at the initial radius of 5.00 mm? 73.9% 4.) What happened to the FEV1 (%) as the radius of the airways decreased? How well did the results compare with your prediction? FEV1 (%) decreased proportionally with the radius 5.) Explain why the results from the experiment suggest that there is an obstructive, rather than a restrictive, pulmonary problem. The FEV1 (%) decreased proportionally as the radius decreased, characteristic of an obstructive pulmonary problem Activity 2 Comparative Spriometry Chart 2: Spirometery Results Patient Type TV (ml) ERV (ml) IRV (ml) RV (ml) FVC (ml) TLC (ml) FEV1 (ml) FEV1 (%) Normal 500 1500 3000 1000 5000 6000 4000 80% Emphysema 500 750 2000 2750 3250 6000 1625 50% Acute asthma attack 300 750 2700 2250 3750 6000 1500 40% Plus inhaler 500 1500 2800 1200 4800 6000 3840 80% Moderate exercise 1875 1125 2000 1000 ND 6000 ND ND Heavy exercise 3650 750 600 1000 ND 6000 ND ND 1.) Why is residual volume (RV) above normal in a patient with emphysema? The lungs empty slower than normal. 2.) Why did the asthmatic patient’s inhaler medication fail to return all volumes and capacities to normal values right away? The smooth muscle in the bronchioles didn’t return to normal plus mucus still blocks the airway. 3.) Looking at the spirograms generated in this activity, state an easy way to determine whether a person’s exercising effort is moderate or heavy. The more rapid the lines the more heavier the exercise. Additional Questions for Activity 2. The following questions refer to Activity 2 Comparative Spirometry 1.) What lung values changed (From those of the normal patient) in the spirogram when the patient with emphysema was selected? Why did these values change as they did? How well did the results compare with your prediction? ERV, IRV, RV, FVC, FEV, and FEV1 (%) all changed; these are due to the loss of elastic recoil 2.) Which of these two parameters changed more for the patient with emphysema, the FVC or the FEV1? FEV1 decreased significantly more 3.) What lung values changed (from those of the normal patient) in the spirogram when the patient experiencing an acute asthma attack was selected? Why did these values change as they did? How well did the results compare with your prediction? TV, ERV, IRV, RV, FVC, FEV1, and FEV1 (%) all changed; due to restriction of the airways 4.) How is having an acute asthma attack similar to having emphysema? How is it different? Similar because obstructive diseases characterized by increased airway resistance; Different because more difficult to exhale with emphysema that with asthma 5.) Describe the effect that the inhaler medication had on the asthmatic patient. Did all the spirogram values return to â€Å"normal†? Why do you think some values did not return all the way to normal? How well did the results compare with your prediction? Returned to normal were TV, ERV, FEV1 (%); smooth muscles in the bronchioles didn’t return to normal blue mucus still blocks the airway 6.) How much of an increase in FEV1 do you think is required to be considered significantly improved by the medication? 10-15% improvement 7.) With moderate aerobic exercise, which changed more from normal breathing, the ERV or the IRV? How well did the results compare with your prediction? IRV changed more with moderate activity 8.) Compare the breathing rates during normal breathing, moderate exercise, and heavy exercise. TV increased over normal breathing with both moderate and heavy exercise. Activity 3. Effect of Surfactant and Intrapleural Pressure on Respiration Chart 3: Effect of Surfactant and Intrapleural Pressure on Respiration Surfactant Intrapleural pressure left (atm) Intrapleural pressure right (atm) Airflow left (ml.min) Airflow right (ml/min) Total Airflow (ml/min) 0 -4 -4 49.69 49.69 99.38 2 -4 -4 69.56 69.56 139.13 4 -4 -4 89.44 89.44 178.88 0 -4 -4 49.64 49.64 99.38 0 0.00 -4 0.00 49.64 49.69 0 0.00 -4 0.00 49.69 49.69 0 -4 -4 49.69 49.69 99.38 1.) Why is normal quiet breathing so difficult for premature infants? They don’t have much surfactant. 2.) Why does a pneumothorax frequently lad to atelectasis? If the lungs are broken down mechanically, then the chances of developing increased. Additional Questions for Activity 3 The following questions refer to Activity 3: Effect of Surfactant and Intrapleural Pressure on Respiration 1.) What effect does the addition of surfactant have on the airflow? How well did the results compare with your prediction? AIrflow increases because resistance is reduced 2.) Why does surfactant affect airflow in this manner? It decreases surface tension in the alveoli making it easier for the alveoli to increase surface area for gas exchange. 3.) What effect did opening the valve on the left lung? Why does this happen? The lung collapses because the pressure in the pleural cavity was less than the intrapulmonary pressure; air flows from the lungs, causing it to collapse 4.) What effect on the collapsed lung in the left side of the glass bell jar did you observe when you closed the valve? How well did the results compare with your prediction? It caused the lung to collapse because the pressure in the pleural cavity is less than the intrapulmonary pressure. Air flows from the lungs causing the collapse of the lung. 5.) What emergency medical condition does opening the left valve simulate? A collapsed lung (pneumothorax) is a buildup of air in the space between the lung and the chest wall (pleural space). As the amount of air in this space increases, the pressure against the lung causes the lung to collapse 6.) In the last part of the activity, you clicked the Reset button to draw the air out of the intrapleural space and return the lung to its normal resting condition. What emergency procedure would be used to achieve this result if these were the lungs in a living person? A chest by insertion of tube to draw air out of pleural cavity and restore the pressure gradient 7.) What do you think would happen when the valve is opened if the two lungs were in a single large cavity rather than separate cavities? If both lung were in a single large cavity rather than separate cavity when valve was open the entire lung will collapse and there will be no extra lung to breath with and death would occur much sooner.

Best Financial Practices

Also, the organization's mindset is directed towards the future with an awareness of the hanging trends, market needs, technological advancements, and to cope and to operate within the changing environment (Herkimer, Jar. , 1988). Budgeting, expressed In dollar terms, involves detailed plans. There are several types of budgets that may dictate the organization's mission and structure and managerial preferences. They are: 1) Statistics Budget; 2) Expense Budget; 3) Operating Budget; and 4) Cash Budget.In addition to budget decisions, there Is timing. Healthcare services organizations should consider two types: 1) Conventional verses Zero-Based Budgets and 2) Top-down versus Bottom-up Budgets. Planning and budgeting are Important managerial activities. It allows health services managers to plan for and set expectations for the future, assess Flanagan performance on a timely basis, and ensure that operations are carried out In a manner consistent with expectations (Sheepskin, 2008).With out planning and budgeting, the business will be disorganized Pricing and Service Decisions In healthcare organizations, the managerial accounting department decides whether an established price for a particular service is profitable. Managers in a charge- based environment must set prices on the services that their organization offers. In addition, determine discounts for managed care plans or business coalitions. Pricing and service decisions affect a business's revenues and costs and determine viability in long term.Health services managers should have a better understanding of the pricing and service decisions they face, because they have the power to set prices. The healthcare providers may be price takers or price setters. When they are price takers, apply target costing, and when they are price setters, apply full cost pricing or marginal cost pricing. In making pricing and service decisions, managers should rely on managerial accounting and actuarial information.Pricing deci sions involve setting prices on services for which the provider is a price setter, and service decisions involve whether or not to offer a service when the price is set by the pay (the provider is a price taker) (Sheepskin, 2008). Without good pricing and service decisions, the business will lose profit and/ or lose customers. Ultimately, it can lead to business closure. Cost Allocation Cost allocation is a pricing process within the organization whereby managers allocate the costs of one department to other departments.There is no objective tankard established; therefore, a business must establish prices that would be set under market conditions. The purpose and goal for cost allocation is to assign all of the costs of an organization to the activities incurred (Sheepskin, 2008). Basically, cost allocation allows managers to make better decisions on cost control, on what services they provide, and how these services should be priced. The best results produced will come from manager s who perceive the cost allocation process to be accurate and fair, and the allocation process should promote cost reduction within heir department/organization.In the end, the managers will be held accountable for costs associated with services by their departments. Managers must know two important elements in cost allocation basics: cost pools and cost drivers. The more confidence that all managers have in its validity, the better the organization will function (Sheepskin, 2008). Without cost allocation, there will disorientation and chaos, because one department will have more cost allocated than the other. Time Value Analysis Time value analysis is the process of assigning appropriate values to cash flows.This s important part of healthcare financial management because it involves the valuation of future cash flows (Sheepskin, 2008). A timeline is the first step in time value analysis. Time lines illustrate and can help managers visualize cash flows analysis such as compounding, discounting, annuity, perpetuity, state rate, and periodic rate that managers must know so that financial decisions are made wisely. Without time value analysis, managers would not be able to appropriately assign values to cash flows, and it could lead to disorientation and financial ruin.Financial Risk and Required Return Unfortunately, there are risks and complications in businesses. In healthcare organizations, taking financial risks may mean investment in new hospital beds or a new managed care plan. A return that is earned less than the expected amount means the financial risk is greater. Managers in health care organizations should develop strategies to manage business and financial risk. One such strategy is to develop risk measures by using a standard of reference. This will allow for some comparison to another measure and a Judgment can be made.For an example, Capital Asset Pricing Model (CAMP) is the relationship between the market risk of a tock, as measured by its marke t beat, and its required rate of return (Sheepskin, 2008). A clear understanding of business and financial risk is essential if the health care organization wants to remain viable in the health care market. Without an understanding of the financial risk and required return, health care organizations can be blind to concepts that are failing and destined for financial ruin.They run a greater risk of losing profit. Reflection The various duties required by managers of healthcare organizations is complicated and multi- faceted. They must know so much in order to make the business run efficiently and successfully. They must understand a multitude of functions. Therefore, working with other experts, accountants, and managers from different departments is crucial in running a lucrative business. This includes planning, acquiring, and utilizing capital in the most efficient way possible.