Danforth and Donnely Case - Free Essay Example

Sample details Pages: 1 Words: 370 Downloads: 5 Date added: 2017/09/11 Category Advertising Essay Did you like this example? In the case of Danforth and Donnely, multiple questions are brought up concerning whether or not certain events count as cash flows. One such argument is whether or not the marketing costs of Blast should be considered as a cash flow. Another cash flow argument concerns the working capital required for Blast. The new product would also use excess production facilities and building space and could conceivably incur cash flows. Erosion from sales of current laundry products is also argued as being a possible cash flow. Finally, the question of debt, as funding for the project, is questioned of being a cash flow. The question of cash-flow-or-not for each of these dilemmas can be answered by looking at some of the the principles of corporate Finance. The marketing cost was an expense. However, the project has not yet been implemented So, at this point in time, it is a sunk cost. Therefore, it is irrelevant to the projects continuation and should not be considered a cash flow. A net investment of $200,000 is required as additional working capital. Don’t waste time! Our writers will create an original "Danforth and Donnely Case" essay for you Create order This money would be considered a part of the initial outlay, which is money used to start up the project. Even though the money wouldnt leave the company, it would be a cash flow. It would happen during the life of the project and the project could not happen without it. The product should not be charged with the usage of production facilities and building. The overhead costs of these things would happen regardless of the products existence. Therefore, it should not be considered as a cash flow. Sales stolen from existing products do not count as cash flows. The money diverted from the old products is not new money. Money diverted from competitors products would be considered a cash inflow, but this is not the case. A chance of a competitor introducing a similar product still would not have any effect. Interest payments from funds used to finance the product would not be considered cash flows. The cost of financed money should not be accounted for because future cash flows get discounted to present value. Tis is all the recognition needed. Deducting interest payments would be accounting for the same expense twice.

Project Management Project Manager Project - 1011 Words

Project managers cannot, and must not, do everything. They must rely on the project team to complete the project work. Project managers must find ways to motivate the project team to complete the work. There is a tendency, in many projects, for the project team to be very excited about the project at the start and then excitement wanes as the project moves toward completion. The project manager must coach and mentor to develop the project team to ensure the excitement, willingness, and dedication to the project work continues. Throughout the project the project manager will have to address project team retention, labour relations, performance appraisals, and, depending on the nature of the project work, health and safety issues. As most†¦show more content†¦Many of the researchers who analyse the general organisational development in modern industry refer to a need to face the challenges of a higher degree of globalisation, uncertainty and complexity, and a fast technologica l advancement. The historical overview by Mary Jo Hatch (1997) of organisational change and of the literature that deals with this field of research points to these changes. It also indicates the organisational responses; increased organisational flexibility and increased employee commitment and responsibility. According to Hatch, this development leads to the creation of ‘postindustrial organisations’ where the organisational borders are indistinct, or have disappeared, and where employees to an increasing degree work in temporary teams where they represent a certain area of expertise. The development described by Hatch has also been documented by the sociologist and organisational theorist Wolf Heydebrand (1989). Heydebrand puts projects at the centre for the analysis of modern firms and societal structures and argues that project-based structures are a prominent feature of many modern organisational forms. He states that modern organisations â€Å"are staffed by spe cialists, professionals, and experts who work in an organic, decentralised structure of project teams, task forces, and relatively autonomous groups† Objectives of the study †¢ To know the level of relationship betweenShow MoreRelatedProject Management : A Project Manager2515 Words   |  11 PagesA Project manager is the individual who has the general obligation regarding the fruitful start, arranging, outline, execution, checking and controlling. The work s title is used every bit a component of the evolution, construction planning, data innovation and a broad scope of commercial project that deliver items and giving medications. The project supervisor must take in a mix of aptitudes including a mental ability to ask entering inquiries, recognize implicit suppositions and resolution clashesRead MoreProject Management : A Project Manager Essay1533 Words   |  7 PagesIn project management, there are many methods to handle how the project should be completed, how an et hical situation should be handled, what types of decisions should be made. Furthermore, how much knowledge the project manager should possess, their focus of completing the job on budget and schedule, and understand the scope, as well as, knowing how to communicate. When I completed OGL 320: Foundations of Project Management, I understood the hard work the project manager had to endure to completeRead MoreProject Management For A Project Manager Essay1460 Words   |  6 Pagesavailable to support the project manager In order to run a project, the manager needs support with different things such as resources, tools and methodologies. Project Resources In order to make a project, the project manager needs some help with the project resources. Resources like information will be useful to Feltram Solutions Inc. as current information is required in order to develop new project and features of it. With the help of old/current information, the manager can include new functionsRead MoreProject Management : A Project Manager1684 Words   |  7 Pages CT5022 Project Management ASS 1 Identify and discuss attributes that you consider to be key to the role of an IT project Manager, focusing on how these attributes combine to facilitate good project management. Jennifer Quinn s1306997 Identify and discuss attributes that you consider to be key to the role of an IT project Manager, focusing on how these attributes combine to facilitate good project management. â€Æ' Identify and discuss attributes that you consider to be key to the role ofRead MoreProject Management : Project Manager2272 Words   |  10 PagesIdeally, the requirement for an IS project would be specified in some detail before planning begins. If the requirement is not detailed enough, what steps can the project manager take to improve the likelihood of the project’s success? If the project manager does not know what the requirements for a project are, he can’t effectively begin to make a project plan. The level of detail required changes depending on the scope of the project. The more complicated the project (i.e. the larger the scope), theRead MoreProject Management : A Project Manager1747 Words   |  7 PagesIntroduction Project management (PM) is the vocation of seeing that projects are completed on time, within budget, and perform to the standard that the stakeholders are expecting. There are PM degrees available at the Associate, Bachelor, Graduate, and Ph.D. levels of study; degrees are available on campus and online from many well-known and highly rated institutes. However, many employers view the Project Management Professional (PMP) certificate as even more important than a degree. Project managersRead MoreProject Management : A Project Manager1120 Words   |  5 PagesProject management involves carefully organized and planned efforts channeled towards the accomplishment of a particular task. Projects encompass activities such as implementing new computer systems or constructing a new office. Projects require careful monitoring from the start to the completion. One person mandated to take charge of projects is a project manager. Project managers experience complications from project manag ement. The challenges arise from the dynamic environment in which the managersRead MoreProject Management : The Project Manager1292 Words   |  6 PagesHowever, ethically, no person should be singled out for project failure unless it is the project manager. In the end, he or she is the one assigned the ultimate task of ensuring the project is completed. Although the project manager is in charge of ensuring the task gets completed, sometimes a task can fail despite the project manager’s best efforts. In these cases of project incompletion or failure, it should be said that the team failed. This is the most ethical result in this sense becauseRead MoreProject Management : A Project Manager2065 Words   |  9 PagesA project is managed by a project manager. It has to be managed so there will not be any mistake during the production. A project manager has to be an organized, and enthusiastic person who can lead the project to success. A good project managers make the goal by their own and they use their skills and share their purpose to the project team. Becoming a project manager is difficult. They have a lot of roles to maintain the project running fluently. They should calculate all the things needed forRead MoreProject Management : An Project Manager3280 Words   |  14 Pagesoverall responsibilities as an IT Project Manager? The method of the Project Administrator contains a couple of exercises, for instance, (Heldman, 2011): Sorting out and Decoding Opportunity Arranging and Sequencing Activity Asset Planning Making Arrangements Time Calculating Expense Calculating Building up a Price range Documentation Making Charts and Arrangements Risk Research Directing Risks and Problems Watching and Verifying Improvement Bundle Management Fundamental Impacting Business

Jk Saddlery’s Cashiering Function

Question: Discuss about theJk Saddlerys Cashiering Function. Answer: Introduction: JK Saddlery is a small family business that makes and sells saddlery and other rural supplies to farmers, producers and tourists. The organizations products are very well known, famous and popular among its customers. This therefore gives them the opportunity to sell both in retail to its customers, in wholesale to other retailers and through mail orders to the general public. However, the owner (manager) of the organization does not like them selling through the internet because he does not trust this method. On the contrary, he prefers selling the old school way of selling which is tried and proven by many business people to be the best. This is where only the trusted customers are in a position to be given credits, can pay in cash and cheque at the cashier window or via email while the other customers are allowed to pay only by cash or by cheque at the shop. Furthermore, the owner of the business employees only one cashier who is in charge of all payments and all banking activities. Systems Documentation A Data Flow Diagram A system documentation data flow diagram is a diagrammatic representation of how any data or information flows within a business during business activity and processing. It shows every detail of any type of data that passes through the business process or is involved in the business process. However, there may be some assumptions made by the business when it comes to drawing a Business System Data Flow Diagram. Therefore in this diagram the assumption is that the mentioned activities and information is the only information that is required to complete a business cycle for the organization i.e. there is no additional activity or subtraction of any activity(Sciascia and Mazzola, 2008). Process Map A process map is workflow diagram that show a person how an organizations activities are done and follow as well helping a reader to understand and follow the process schedule as it must be. It is used by any organization to show what it does, who does what and where the activity is done as well as what time the activity should be done. This means that, it is a different way of managing a business and eases the work involved in a business process by allocating the workers according to their specialization, qualifications, experience and skills(Singal and Gerde, 2015). Assumptions That all the workers are perfectly qualified and skilled in their respective places of work and responsibilities. E.g. the cashier is well trained and experienced on accounting activities and any finance related activities. Also it is assumed that the mentioned activities are the only involved in the whole business process with no addition or subtraction of any other. That is the above activities complete the business cycle. Business Risk Analysis Management Risk JK Saddlery being a family business is faced by the risk of poor management. The owner of the business is the man in the family who uses his own knowledge to manage and run the business. E.g. he prefers the old way of serving their customers whereby they have to pay either cash or cheque only for them to buy the organizations products. This business risk may lead to lack of business growth, poor or no development, overall business operation failure among other effects. (Entrepreneurship in Family Firms, Business Families, and Family Business Groups, 2015). Financial Risks Risk of incorrect financial reports. The business owner has employed just one cashier to deal with all the financial issues whereby he receives all the payments, balances them all at the end of the day, documents them, balances them before starting a business day to name just but a few responsibilities played by the cashier of JK Saddlery. Also, there is a risk of delayment of the financial report delivery or even wrong and incorrect reports. When cashiers are overloaded with a lot of work there is a Probability of them coming up with incorrect financial data because of incorrect calculations, frequent errors in balancing or calculations (Filbeck and Lee, 2000) to name just but a few problems related to finances. With this risk, the management is likely to make the wrong financial decisions when it comes to expenditure and investments to new projects(Craig and Salvato, 2011). There is a risk of the business facing fraud from its management. Since JK Saddlery is a family business, there is a risk of the owner taking control of all the finances and more so using them as they would like, for different purposes rather than business and at whatever time he want to. This therefore may lead to employee separation, misunderstanding and mistrust especially to the management. Furthermore, the business owner prefers storing the businesss money i.e. cash and cheques in a cashier drawer which they lock to ensure safety and security of the funds. However, this is one of the most old and insecure ways of storing money for any organization or individual. With this risk, the business is likely to be faced with robbery and theft by outsiders as well as the employees. This risk may also lead to mistrust between the employees and the management or any one that may be associated with the business (Caselli and Gatti, 2005). Operational Risks The owner practices customer discrimination whereby he offers the customers whom he only can trust a chance to buy the organizations products on credit. He also goes further and gives them a chance to pay in cash or cheque to the cashier window or through the email. This means that the owner does not treat his customers equally which is wrong when it comes to business dealings and management. Therefore, this shows that the business may be on the verge of losing its customers because of the worthless discrimination and inequality when it comes to methods of paying for the products. Thisrisk will definitely discourage other customers who may be loyal to the business but not being treated equally and this is likely to cause low sales, low profits and therefore no business growth and development in general. Furthermore, the owner does not allow buying of the organizations products online and instead he opts for the buyer to go and purchase the products in person at the business premises. Therefore they risk losing a lot of sales, profits, their current markets as well as potential markets. This is because in the modern or current world, the most popular and common used way of product purchase is through the internet (online shopping) which JK Saddlery business does not use. Employee loss risk. The business has very few employees in general. The fewer the employees, the more the work and the more the time taken to process any business activity or transaction. Therefore, in JK business, the business process may be short but the employees will have work more than they should so that they can complete a business transaction. The risk of losing of losing employees will lead to the risk of customer loss because of low customer service rate, losing its employees because of being overworked, decreasing its sales because of low customer numbers among other negative effects of lacking enough employees in a business. Also when the business loses its employees the remaining employees are likely to be left overloaded with work and therefore lead to poor, low quality and slow service process for the customers(Dyer, 1989).. Conclusion For any business to be successful, it has to be very well managed and must have enough, qualified and skilled personnel. Also, it must have enough resources e.g. machines for ensuring smooth and perfect running of the business activities as they should be without any hitch. Therefore, for JK Saddlery to be successful it has to change its management, increase its number of employees, change its ways of operations especially methods of product payment and methods of product selling. By doing this, the business will be in a position to bloom and do better in the market. References Caselli, S. and Gatti, S. (2005).Banking for Family Business. Berlin, Heidelberg: Springer Berlin Heidelberg. Collins, L. and O'Regan, N. (2012). Family Business Jubiliee: a celebration of global family business.Journal of Family Business Management, 2(2). Craig, J. and Salvato, C. (2011). The Distinctiveness, Design, and Direction of Family Business Research: Insights From Management Luminaries.Family Business Review, 25(1), pp.109-116. Dyer, W. (1989). Integrating Professional Management into a Family Owned Business.Family Business Review, 2(3), pp.221-235. Entrepreneurship in Family Firms, Business Families, and Family Business Groups. (2015).Journal of Small Business Management, 53(4), pp.1290-1290. Filbeck, G. and Lee, S. (2000). Financial Management Techniques in Family Businesses.Family Business Review, 13(3), pp.201-216. Sciascia, S. and Mazzola, P. (2008). Family Involvement in Ownership and Management: Exploring Nonlinear Effects on Performance.Family Business Review, 21(4), pp.331-345. Sciascia, S. and Mazzola, P. (2008). Family Involvement in Ownership and Management: Exploring Nonlinear Effects on Performance.Family Business Review, 21(4), pp.331-345. Singal, M. and Gerde, V. (2015). Is Diversity Management Related to Financial Performance in Family Firms?.Family Business Review, 28(3), pp.243-259. Stewart, A., Lumpkin, G. and Katz, J. (2010).Entrepreneurship and family business. Bingley: Emerald.

Social Issues Of Yesterday And Today Essays - Kennedy Family

Social Issues Of Yesterday And Today Kevin Sellers April 8, 1998 Social Issues of Yesterday and Today Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend or oppose any foe to assure the survival and the success of liberty, (John Fitzgerald Kennedy). The problems and social issues of our nation years ago have become the problems of today. John Fitzgerald Kennedy became the thirty-fifth president of the United States of America on January 20, 1961. Over thirty-five years later, the problems addressed in his Inaugural Speech are still important social issues of this age. One of the most important social issues expressed in this speech was freedom; the freedom of people from the oppression of Communism. John F. Kennedy made a promise to support any friend or oppose any foe to assure the survival and the success of liberty. He believed that he had been granted the role of defending freedom in its hour of maximum danger. But he knew that he was just the starting point, and it would take many generations to undo the oppression of Communism and the damage that it would cause globally. The predictions that were made in his speech were true; he was the beginning of the ending, and it took over thirty years of cold war to put an end to the greatest Communist nation in the world: the USSR. Although the surmise of the USSR has become history, communism is still alive and well today. The Peoples Republic of China is probably the largest of the few communist nations left in the world. Since the times of J.F.K. the United States has developed political tactics to fight the spread of communism rather that the use of war, such as that of Vietnam. The most common political tactics used are trade embargoes. A trade Embargo will not allow a nation or country to sell or trade certain products, or place a high tax on them so that the general consumer will not want to purchase that particular product. Because of trade embargo's we are able to force other nations into submission without the use of force (war). John F. Kennedy also addressed the problem of poverty, not just with our nation, but as a global problem. This issue has been addressed in the past it is being addressed now and, it will be addressed in the future. The problem of poverty is a serious issue in our present generation. Good jobs are hard to find, which means that most of the jobs available are low paying, and that put a lot of people below the poverty line. Another problem associated with poverty is that some people are just lazy. They don't want to work, and why should they when the government will just pay their way? If a free society cannot help the many who are poor, it cannot save the few who are rich (JFK). John Fitzgerald Kennedy indicated many social issues and problems, which needed to be dealt with not only by the government, but by the people as well. He had a vision for America and the world. John F. Kennedy knew that it would take a nation that was united for the common cause of world well being, so he made this call to action. Ask not what your county can do for you--ask what you can do for your country?Ask not what America will do for you, but what together we can do for the freedom of man. Introduction Strategy: Use a quotation Conclusion Strategy: Make a call to action, Close with a statement or quotation readers will remember Social Issues

Native American Creation Theories free essay sample

There are many different theories dealing with the creation of the world. The Native Americans have several, but there are two very popular creation myths that are supported. The World on the Turtle’s Back and When Grizzlies Walked Upright. Each offers a unique perspective on how the world was created, yet many similarities tie them together. In the beginning of both stories, there is a god-like creature that comes down from a place called â€Å"Sky-World†. In The World on the Turtle’s Back, the woman either fell or was pushed after peering down a hole into the dark emptiness below, a result of her own foolishness. Foolish curiosity once again appeared in When Grizzlies Walked Upright, when the young girl stuck her head out of the top of the volcano, even after her father had expressly warned her not to, and was carried away by the Wind Spirit. Wind Spirit was hardly mentioned, but right away, I got the idea that he was the mischievous character. We will write a custom essay sample on Native American Creation Theories or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In The World on the Turtle’s Back, there is a mischievous character called the left-handed twin, who is told to be the very first trickster to walk the earth. Both of these creation myths are full of unusual and unexplainable things; One of the weirdest is the matter of how the daughters became pregnant. In When Grizzlies Walked Upright, the girl marries a grizzly bear and â€Å"bears† his children, who later grow up to become the indians. In The World on the Turtle’s Back, the daughter happens across a strange man, who literally appeared out of thin air, and faints from the shock. As she is lying on the ground, unconscious, he lays two arrows across her stomach. Suddenly, she is pregnant with twins. The two stories certainly share many bizarre features, however they also have very different explanations for things. In The World on the Turtle’s Back, after the woman falls from the Sky-World onto the back of a turtle, she creates the earth from a crumb of dirt and several roots and plants that she had brought down when she fell. In When Grizzlies Walked Upright, the earth was already created except for the animals, which the man from the Sky-World, called Sky Spirit, created using wood from his walking stick. The World on the Turtle’s Back also has an explanation for the appearance of the animals. Several animals were already created, and the rest were made by the two twin brothers, as they competed to get the better of each other. While the story of the turtle explained the appearance of crops, the moon, night, and day, the story of the grizzlies explained how animals, mountains, and volcanoes were created. One of the biggest differences between the stories is the amount of Sky Gods that came down to earth. In The World on the Turtle’s Back, only one woman came down and it was more of an accident than anything else. In When Grizzlies Walked Upright, a whole family of Sky Spirits walked down a mountain onto the earth and built a lodge inside a volcano. In these two creation myths, there are features that link them together and differences that keep them separated. The thing to remember is that these are only two of the thousands of ideas about how the earth came to be. While there are certain theories, the truth behind earth’s beginning may never be known.

Nazi soldiers(not well formatted, good for studing or getting info)

Nazi soldiers(not well formatted, good for studing or getting info) ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ Nazi soldiersÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ How a Nazi soldier was brought into the military, how their training went, and what they did on the off time. The soldiers were Germans. And others that were not German that were from another country.ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ Propaganda was used to bring in the youth of Germany and forme r German soldiers to bring in the military. One example of propaganda Hitler used was "To join all of Europe to make a Greater German" (Cartlidge 9). They used propaganda to get the youth of Germany to join the Hitler youth and to get former soldiers to join back up. It was to affect other countries to join up with Germany and bring Europe together. The next piece of propaganda is "To protect the ethnic Germans in other countries" (Cartlidge 10). This was to get all male Germans to join up in the military to help protect a brother in another country.Was also to help them come in to protect their country. When the new soldiers came in they went through training and they would be told by Hitler "Sweat saves blood" (Cartlidge 12). The recruits were told this to make them train harder and it didn't actually work for them.ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ ÂÆ'‚‚ When the Soldiers to over France they would get free time and they would go and wonder the country. "Some of the soldiers would go of to the opera or the theater soldiers liked to go to the theater to watch German movies and go to the opera. They wanted some thing fun before going to work.

HRM Coursework Example | Topics and Well Written Essays - 500 words

HRM - Coursework Example As revenue for work force development is reduced, the organizations are faced with a dilemma. Reduce organization-learning programs to lower costs or come up with new approaches to create a competitive edge. â€Å"As an act of ritual during recessions, an extreme force comes from the top to reduce cost. This expected dominant logic exists in many organizations.† (Reyes 2011 pg56) During this time, organizations cycles in and out of recession, they opt to downsize as a way of saving the firm from making loses. This in turn interrupts organization-learning strategies inhibiting organization learning. In addition, this achieved through elimination of learning programs that do not have direct impact on the profits of the firm. Therefore during recession organization learning programs are the first to be eliminated. Organization learning is more than just developing the skills and perception of the staff about the firm for their own personal gain. It is about training the employees to do their best while on duty and provide result to a company. The inception of these ideas has lead to significant mastery of organizational operations by the staff members. â€Å"Organization learning is perceived as one of the most crucial sources of competitive advantage within the context of profit motivated management.† This implies that the firm needs to be in harmony with its external environment, which is characterized with emerging trends and unique developments, any organization therefore, through learning has to develop a connection between its workforce and external forces. As companies such as Golf Place (ST Andrews) Limited face un anticipated levels of changes. They are expected to grasp a deep understanding of both internal and external business space of the business that they are engaging in, to sharpen its competitive edge. It is also vital for the formulation

Bilingualism And Bilingual Education Theories Essay

Bilingualism And Bilingual Education Theories - Essay Example One of the most common theories developed is the balancing theory. The theory, also referred to as the balloon theory, was first proposed by Fritz Heider. The theory is based on a motivational theory of attitude change. The theory draws a picture of the cognitive consistency motive as the primary drive towards a psychological balance. In bilingualism, the theory looks at the theory suggest that the languages in the subject are always in balance provided that the affect valence in the language development multiplies into a positive result (Baker, 2006, P165, Ll2).Jim Cummins one of prominent bilingual and second language researcher proposed the iceberg analogy. The iceberg analogy is a theory that is centered on a more accurate model that depicts the relationship between the mind and the bilingual acquisition (Baker, 2006, P167, Ll7). The model, common underlying proficiency (CUP) is presented in the form of two icebergs. The two icebergs appear separate on the surface an indication o f the outward difference between the two languages. Underneath the surface, the icebergs have fused an indication that both languages are stored in the in a single processing system (Baker, 2006, P165, Ll2). The two languages can access, contribute and make use of the central processing system.Cummins also contributed to the bilingual pool of knowledge by suggesting the threshold theory. This theory places a strong argument on language development in a balanced bilingual individual (Baker, 2006, P167, Ll2).

According to Crapo Acculturation Essay Example for Free

According to Crapo Acculturation Essay According to Crapo, Acculturation is what happens when members of one culture adopt the beliefs and/or behaviors of another group. Our textbook states †Although both societies may change as a result of prolonged contact, the politically or economically less powerful of the two is likely to experience the most dramatic acculturative changes as they adopt the language and certain other cultural traits of the dominant culture† (Crapo, 2013). My heart felt so heavy when watching this 40 minute film. I could not help but feel a rush of emotions and for what those children and their parents went through. As a mother, I could not imagine someone taking my child from me and shipping them away to a boarding school. Those children were tortured, beat, and worked to death, and the girls were even sexually assaulted. Once the children were released they had no self-worth. They felt like they were unable to fit in amongst society, and most importantly with their tribe. See more: The stages of consumer buying decision process essay The film never mentioned the actual reason the American Government decided to acculturate the Native Americans into Western culture. There could be several reasons they chose to do so. The first one that comes to mind is power. They also may have done this to use them for cheap labor. Another possibility as to why the American Government could have acculturated the Native Americans is because they feared what they were capable of. Acculturating others into another culture is justifiable as long as they aren’t being forced to do so against their own will. When someone is forced into acculturating it effects them badly, in a negative way. Also, it is unfair that individuals are punished for acculturating, especially when it was against their own will to begin with. References Crapo, R. H. (2013). Cultural Anthropology. San Diego, CA: Bridgepoint Education. Givens, S. F. (Producer). (2011). Indian school: Stories of survival [Video]. Lincoln Park, MI: American Indian Services, Inc. Retrieved from the Films On Demand database.

Role of Cytokines in Schizophrenia

Role of Cytokines in Schizophrenia Introduction: Schizophrenia is a mental disorder. Over 1% of the world population is affected by this mental disorder (Bakhshi Chance, 2015). A cytokine hypothesis has been proposed, which elucidates the role of cytokines in this disease. Cytokines such as IL-6, TNF-ÃŽÂ ±, sIL-2R, and IL-1RA were found to be over-expressed by the peripheral blood mononuclear cells (Potvin et al., 2008; Goldsmith et al., 2016), in which interleukin-6 is considered to be the key player in schizophrenia. IL-6 has glycoprotein gp130 as a common membrane receptor and as a signal transducer, which can have both anti-inflammatory and pro-inflammatory effects (Scheller et al., 2011). The anti-inflammatory effects of interleukins present in the blood serum of patients with schizophrenia must be understood. Upcoming therapeutic research focuses on astrocytes due to their expression of class II MHC antigens and the production of pro and anti-inflammatory cytokines. The hypothesized outcome is that IL-6 also induces anti- inflammatory effects which help the astrocytes to maintain the homeostasis. This will enable the researchers to explore further the pathophysiology of schizophrenia based on the cytokine hypothesis. The effects of IL-6 on astrocytes will open the door to a new area of research and will help in exploring the effects. The impact of the research on Healthcare: According to the data and statistics from the community studies of the European Union (EU), 27% of the adult population experienced at least one mental disorder in the past year (World Health, 1992). In Ireland, both private healthcare sector and public healthcare sector exists to assist the people of Republic of Ireland during an illness (Book, 2007). The Irish legislations Health Act 2004 governs the public health care system which is responsible for the people living in Ireland (Pearson et al., 2012). In the year 2010, à ¢Ã¢â‚¬Å¡Ã‚ ¬2,862 Euros was spent on the health of a single individual residing in Ireland of which 79% was provided by the Irish government (Pearson et al., 2012). Looking the statistics, it is summarized that nearly seven people out of 100 spend the money for treating schizophrenia that would be approximately à ¢Ã¢â‚¬Å¡Ã‚ ¬20,900 Euros. Biomarkers are biological markers such as viral proteins, cytokine, hormones, etc. which can be used as a measurable indicato r of the biological state or condition (OConnell et al., 2014).   The main challenges in the biomarkers identification of schizophrenia are the unknown pathophysiology. However, biomarkers such as cytokines are considered due to the development of new hypotheses such as the cytokine hypothesis (Mansur et al., 2012). Understanding the roles of IL-6 in schizophrenia, can be used as a biomarker for the initial clinical diagnosis of schizophrenia patients, and to help create individualized treatment plans. The timescale for a product launch: If the research is proven successful, IL-6 based biomarker assays and treatments will be developed as a product from pharmaceutical companies. The developed products such as biomarker assays for IL-6 over or under expression detection and anti-IL-6 drugs will undergo the process of ethical approval and clinical trials which include four major stages. They are pre-clinical trials, clinical trials (Phase I, II and III), ethical approval and marketing (Phase IV) which would take a period of 20 to 30 years (DiMasi et al., 2003). There are anti-IL-6 drugs already in the market for the treatment of diseases which are related to Auto-immunity and other immune-based diseases which can cross the blood-brain barrier. These drugs may take a period of 8 -15 years to is the anticipated timescale for the proposed benefits to come into the market for the utilization of the schizophrenia patients. The importance of the product: The anti-inflammatory effects of IL-6 occur due to classical signaling pathway in which IL-6 binds to the membrane-bound cell surface receptor (IL-6R). Trans-signaling pathway provides the pro-inflammatory implications of the IL-6 (Scheller et al., 2011). Blocking the Trans-signaling pathway of the IL-6 is the target for the anti-IL-6 drugs. This might hold the capabilities for the treatment of Schizophrenia. The biomarker assays for IL-6 detection may help a person to identify whether the person is susceptive to schizophrenia shortly. This can help the doctor to give personalized treatment for the person based on the medical technologies available. The importance of the IL-6 product can be understood from the article Young people have the highest rate of psychiatric admissions which was published in Irish Times on 21 July 2016. The article discussed the young people (20 to 24) who are getting admitted to psychiatric hospitals for the 2015 (Edwards, 2016). The major diseases diagnosed for the admission are schizophrenia, depression, alcoholic disorders and mania which increases day by day (Edwards, 2016). Correlation with public, governmental and business sectors Public awareness campaigns and outreach to the doctors is the primary step in spreading the importance of the IL-6 as a biomarker for schizophrenia research. The second phase would be to use the primary media tools such as newspaper and radios so that the people does not expect from the research or get panic or distressed by the research. If the product is ethically permitted and the research becomes a success a contract between a pharmaceutical company or a medical diagnostic device company for establishing the result in the society. The completed biomarker assays for IL-6 detection product would be straightforward and easy to use similar to us such as a blood sugar and cholesterol test which can be utilized by the public without the doctors supervision. Biomarker assay kinds of products are advertised in the media such as television, newspaper, the internet, etc. for the maximum dissemination of the product. In the case of anti-IL-6 drugs, a patent is claimed by the pharma company which owns the contract, and a certain amount of percentage is given as royalty to the researcher. The patent is registered in a common government body, and the prize is sometimes fixed by the government of the country which accepts the drug. Conclusion: Schizophrenia is perhaps the most daunting psychiatric disorder, characterized by its life-altering symptoms, such as hallucinations and delusions. There is currently no precise explanation of its pathophysiology. Schizophrenia is explained as the biochemical imbalance in the brain which may exist due to many factors. Upcoming therapeutic research focuses on astrocytes due to its expression of class II MHC antigens and the production of pro and anti-inflammatory cytokines. By combining the Cytokine hypothesis and Neurodevelopmental hypothesis, it is possible to understand the pathophysiology of schizophrenia and the role of astrocytes in maintaining the homeostasis and cytoarchitecture of the brain. The cytokine IL-6 has been regarded as a pro-inflammatory cytokine, but it also has many anti-inflammatory and regenerative activities. Understanding the roles of IL-6 in schizophrenia can be used for the initial clinical diagnosis of schizophrenia patients, and to help create individuali zed treatment plans. Products such as biomarker assays for IL-6 and anti-IL-6 drugs can be developed for the treatment of schizophrenia from the research. The anticipated timescale for these drugs or assays to come into the market can take a period of 8 -15 years. A decade is not a big issue for the young people who are getting admitted to psychiatric hospitals diagnosed a schizophrenic patient. This can help the doctor to give personalized treatment for the person based on the medical technologies available. References: Bakhshi, K. Chance, S.A. (2015) The neuropathology of schizophrenia: A selective review of past studies and emerging themes in brain structure and cytoarchitecture. Neuroscience, 303, 82-102. Book, I.S. (2007) Irish Statute Book. DiMasi, J.A., Hansen, R.W. Grabowski, H.G. (2003) The price of innovation: new estimates of drug development costs. Journal of health economics, 22, 151-185. Edwards, E. (2016) Young people have highest rate of psychiatric admissions. In Secondary Edwards, E. (ed) Secondary Young people have highest rate of psychiatric admissions, pp. Pages, http://www.irishtimes.com/news/health/young-people-have-highest-rate-of-psychiatric-admissions-1.2729673 (February 24, 2017). Goldsmith, D.R., Rapaport, M.H. Miller, B.J. (2016) A meta-analysis of blood cytokine network alterations in psychiatric patients: comparisons between schizophrenia, bipolar disorder and depression. Mol Psychiatry, 21, 1696-1709. Mansur, R.B., Zugman, A., Asevedo, E.M., da Cunha, G.R., Bressan, R.A. Brietzke, E. (2012) Cytokines in schizophrenia: possible role of anti-inflammatory medications in clinical and preclinical stages. Psychiatry Clin Neurosci, 66, 247-260. OConnell, K.E., Thakore, J. Dev, K.K. (2014) Pro-inflammatory cytokine levels are raised in female schizophrenia patients treated with clozapine. Schizophr Res, 156, 1-8. Pearson, M., Lafortune, G. Vincent, F. (2012) Health spending in Europe falls for the first time in decades. In Secondary Pearson, M., Lafortune, G. Vincent, F. (eds) Secondary Health spending in Europe falls for the first time in decades, pp. Pages, http://www.oecd.org/newsroom/healthspendingineuropefallsforthefirsttimeindecades.htm (February 24, 2017). Potvin, S., Stip, E., Sepehry, A.A., Gendron, A., Bah, R. Kouassi, E. (2008) Inflammatory cytokine alterations in schizophrenia: a systematic quantitative review. Biol Psychiatry, 63, 801-808. Scheller, J., Chalaris, A., Schmidt-Arras, D. Rose-John, S. (2011) The pro- and anti-inflammatory properties of the cytokine interleukin-6. Biochim Biophys Acta, 1813, 878-888. World Health, O. (1992) The ICD-10 classification of mental and behavioural disorders : clinical descriptions and diagnostic guidelines. World Health Organization, Geneva.

Prom Nights from Hell Chapter Thirteen

Miranda sat in the car watching the power boat disappear on the horizon, taking Sibby wherever she was going. You have no time to relax, she reminded herself. Deputy Reynolds might be headed for prison, but he can still talk, and you know he lied about how he found you, which means someone at Chatsworth knows something, and then there's the question of who put the bounty on your head and- Her cell phone rang. She reached across the seat to grab her suit jacket and tried to jam her hand into the pocket to get the phone, but the handcuff bracelet kept getting caught. She turned the jacket over and dumped everything onto her lap. She caught it on the last ring. â€Å"Hello.† â€Å"Miranda? It's Will.† Her heart stopped. â€Å"Hi.† Suddenly feeling shy. â€Å"Did you, um, have fun at prom?† â€Å"Parts of it. You?† â€Å"Me too. Parts of it.† â€Å"I looked for you after the bomb threat, but I didn't see you.† â€Å"Yeah, it got kind of hectic.† There was a pause and they both started talking at once. He said, â€Å"You first,† and she said, â€Å"No, you,† and they both cracked up and he started, â€Å"Listen, I don't know if you were planning to come to Sean's place for the after-party. Everyone is here. It's fun and all. But-† â€Å"But?† â€Å"I was wondering if maybe you'd want to get breakfast instead. At the Waffle House? Just the two of us?† Miranda forgot to breathe. She said, â€Å"That would be completely fantastic.† And remembering she wasn't supposed to be too eager, added, â€Å"I mean, that would be okay, I guess.† Will laughed, his warm-butter-melting-on-break-fast-treats laugh, and said, â€Å"I think it would be completely fantastic, too.† She hung up and saw that her hands were shaking. She was having breakfast with a guy. Not just a guy. With Will. A guy who wore space pants. And thought she was hot. And possibly crazy. Which, p.s., accessorizing with handcuffs is not exactly going to help. She tried again to snap the bracelets with her hand but she couldn't. Either these weren't normal cuffs or knocking out ten people in one night-actually eight, since she'd done two of them twice-was the limit of her strength. Which was interesting, her strength having limits. She had a lot to learn about her powers. Later. Right now, she had half an hour to find some other way to get the cuffs off. She started shoving things from her lap back into the pocket of her suit jacket so she could drive, then stopped when she saw an unfamiliar box. It was the one Sibby had given her when they met-could it seriously be only eight hours ago? What had she said, something odd. Miranda remembered it now, Sibby handing her the name sign and the box and saying, â€Å"This must be yours.† But with the emphasis different. â€Å"This must be yours.† Miranda opened the box. Inside, nestled in black velvet, was a handcuff key. Are you ready to own your future? It was worth a try.

Human Resources Perspective Essay

Introduction For small and large businesses alike, the human resources or personnel function can be helpful for much more than simply processing payroll or handling the open enrollment season once a year. Human resources plays an essential role in developing a company’s strategy as well as handling the employee activities of an organization. Human resources can also provide human capital value to the organization, such as Utiliscan. Without this, a company is at potential risk for lost profits. Budget control is another primary function of human resources. This prevents excessive spending, through developing methods for keeping the workforce associated cost within perspective of the company’s goals. This also includes negotiating rates for benefits and health care coverage in conjunction with setting competitive and realistic wages. Throughout the remainder of this paper, we will discuss the results of Utiliscan’s employee survey and what steps Paul could have taken toward improving Utiliscan as the Human Resource Director. Survey Results Are In Upon completion of every survey, it is important to post the results for all employees and management to see. The results should be consolidated with a task assigned and a well-developed plan of action. This is an opportunity to develop the corps values of the company leadership, as well, build growth within the company. Take the time to prioritize company goals, to include expectations of the employer and employees. Tackle the big and the ugly up front by making a statement. After all, your goal is to make the company successful and show growth through opportunity. Result #1: 56% of Utiliscan felt their benefits were below average or poor. Task: Identify comparable benefits packages to meet the company needs as  well the employee Action: Studying the labor market, employment trends and salary analysis based on job functions will assist Paul with Utiliscan, as it is a small business, creating budget constraints. . As the human resources director, Paul should negotiate better rates. His responsibility is to find health coverage and offer package incentives to his employees. A good example of this, high quality insurance that includes low premiums for his employees with high percentage rates of protection. American Blue Cross Blue Shield provides medical, dental, and hearing protection at reasonable rates for companies. Aside from medical requirements, Paul should address salary, wages and retirement benefits packages with his employees. Fidelity is an example of a investment firm that allows parole deductions for employees to save money and earn market based profits and well stock option growth. Many companies in modern America now provide a 401k match plan. 5% to 6% match is a good comparable rate to start with. Result #2: 55% felt safe, with little danger of occupational hazards associated with their physical environment. There were comments, presumably from the 45% who did not feel safe, that some of the utility plants where they worked on installations were not as safe as they should be. Task: Identify safety hazards within and around the work environment. Action: Conduct training and development of employees and supervisors. Needs assessments for the organization’s current workforce to determine the type of skills training and employee development are necessary to improve skill sets. This includes qualifications, licensing and documentation of certifications. A company such as Utiliscan must ensure their employees meet specifications to insure quality productions levels, at the same time improving overall safety of the organization. Many companies identify hazards within the workplace and address them through education of their employees. It is much less expensive than the cost to hire additional staff or more qualified candidates. In addition, it’s a strategy that also can reduce turnover and improve employee retention. Result #3: 74% felt there was little relationship between their performance and their pay. There were numerous comments that performance reviews hadn’t been done on time or hadn’t been done at all. Other comments indicated arbitrary treatment and favoritism of some employees. Task: Identify the root cause for lack of performance appraisals and employee development programs. Build and mentorship program  to better support Utiliscan’s employee foundation. Action: Through Performance Improvement, Training and Development Paul can develop performance management tools. This will enable Paul and his managers to measure the performance of their employees and provide feedba ck. This is a developmental tool to improve the employee skills and expertise. If performance appraisals are not completed then the potential for employees whose performance to fall below the employer’s expectations can continue. This leads to waste through payroll activities and low-performance employees. Performance appraisals should be conducted monthly or quarterly with a final annual appraisal to determine potential for promotion or retain ability. Result #4: 89% felt there were few if any opportunities to improve their skills and 87% responded there were no promotion opportunities. Task: Develop a mentorship program and identify key developmental positions that will be forecasted. Action: Paul can focus his efforts toward performance management systems. Constructing a plan that measures performance, employees develop specified skill sets in order to become more qualified for potential promotion opportunities. At the same time, Paul can begin succession planning. This enables the company to identify key potential candidates to fill key developmental positon. This is done through identifying employees with the promise and requisite capabilities to eventually transition into leadership roles with the compa ny. This is an important function as it can guarantee the organization’s stability and future success. Result # 5: 78% of the employees were satisfied with their working conditions and they enjoyed freedom and flexibility to perform their jobs without strict supervision. 70% felt their workloads were adequate – not too heavy, not too light Task: Despite the overall content attitude toward working conditions and enjoyment of the employees daily work routines, there is always ways to improve the overall employee’s satisfaction. Identify a way to seek employee’s thoughts and ideas of how to make the work place a better environment. Action: Over all employee satisfaction can better the work place and improve the quality of life within the company. Happy employees work harder and produce more. This leads to more money for the company to grow. Paul should place a suggestion box to assist in identifying key components that his employees are requesting to make their work experience better. Some of their ideas may  lead to greater levels of quality, production, and even profits. Another option is to continue with carefully designed employee surveys, focus groups and an exit interview strategy to determine key components of employee dissatisfaction and addresses those issues to motivate employees. Corporate Image The employer who maintains steadfast principles, embraces change, accepts and breeds the company’s philosophy and business principles will win every time. Businesses want to be known as the company to work for or â€Å"Employer of Choice†. This is the company that receives recognition for the way they take care of their employees and care for them. These are the companies that employees find balance. Paul working in human resources can develop the tools to identify balance through recruiting the most qualified applicants, selecting the most suitable candidates and retaining the most talented employees. References: Sharon Armstrong and Barbara Mitchell (2008). The Essential HR Handbook: A Quick and Handy Resource for Any Manager or HR Professional Web Link: http://www.hrmasia.com/case-studies/ Mathis, R.L., & Jackson, J.H. (2014). Human Resource Management 14th Ed. Stamford, CT: Cengage Learning.

Amphicyon - Facts and Figures

Amphicyon - Facts and Figures Name: Amphicyon (Greek for ambiguous dog); pronounced AM-fih-SIGH-on Habitat: Plains of the northern hemisphere Historical Epoch: Middle Oligocene-Early Miocene (30-20 million years ago) Size and Weight: Varies by species; up to six feet long and 400 pounds Diet: Omnivorous Distinguishing Characteristics: Large size; bear-like body About Amphicyon Despite its nickname, the Bear Dog, Amphicyon was directly ancestral to neither bears nor dogs. This was the most prominent genus of the family of mammalian, vaguely canine-like carnivores that succeeded the larger creodonts (typified by Hyaenodon and Sarkastodon) but preceded the first true dogs. True to its nickname, Amphicyon looked like a small bear with the head of a dog, and it probably pursued a bear-like lifestyle as well, feeding opportunistically on meat, carrion, fish, fruit, and plants. The front legs of this prehistoric mammal were especially well-muscled, meaning it could probably stun prey senseless with a single well-aimed swipe of its paw. Befitting a mammal with such a lengthy provenance in the fossil recordabout 10 million years, from the middle Oligocene to the early Miocene epochsthe genus Amphicyon embraced nine separate species. The two largest, the appropriately named A. major and A. giganteus, weighed up 400 pounds fully grown and roamed the expanse of Europe and the near east. In North America, Amphicyon was represented by A. galushai, A. frendens, and A. ingens, which were slightly smaller than their Eurasian cousins; various other species hailed from modern-day India and Pakistan, Africa, and the far east. (The European species of Amphicyon were identified in the early 19th century, but the first American species was only announced to the world in 2003.) Did Amphicyon hunt in packs, like modern wolves? Probably not; more likely this megafauna mammal stayed well out of the way of its pack-hunting competitors, contenting itself with (say) piles of rotting fruit or the carcass of a recently deceased Chalicotherium. (On the other hand, oversized grazing animals like Chalicotherium were themselves so slow that elderly, sick or juvenile herd members could easily be picked off by a solitary Amphicyon.) In fact, its likely that the Bear Dog faded from the world scene 20 million years ago, at the end of its long reign, because it was displaced by better-adapted (i.e., faster, sleeker, and more lightly built) hunting animals.

xenotransplantation essays

xenotransplantation essays Xenotransplantation: Should we pursue the risk? An argument against using animals for transplant organs. Human organ and tissue transplantation (allotransplantation) is common surgery in the United States. The procedure is carried out in order to save the lives of individuals suffering organ failure and serious disease. Examples of this include kidney, heart, liver, and lung transplants. In 1996, the Food and Drug Administration (FDA) in the United States estimated that approximately 48,000 people were on the waiting list for suitable organs for transplantation, and an estimated 3,000 people die each year in the US while waiting for suitable organs or tissue for transplantation.1 One possible alternative to human organ transplantation is xenotransplantation, using animal organs and tissues for transplantation in humans. At this time, the US Food and Drug Administration (FDA) in conjunction with the Public Health Service and Center for Disease Control are assessing the need for xenotransplantation and whether or not a balance between public health risk and the potential promise of a suitable organ and tissue source can be found. The main reason to continue xenotransplant research is the overwhelming demand for replacement human organs and tissues. The potential of human lives saved and diminishing human suffering is driving the demand for the research. Opponents of xenotransplantation argue that, although the need for more suitable organs is great, the risks outweigh the need. Arguments against research include scientific reasons and ethical considerations. The idea of xenotransplantation is not a new concept. Experiments in xenotransplantation date back to 1905, but the majority of the attempts to transplant animal organs into humans have been made since the 1960s, aided by advances in the understanding of the immune system and the availability of new drugs. At this time possible xenograft candidat...

Unit VII Collective Bargaining Essay Example | Topics and Well Written Essays - 1000 words

Unit VII Collective Bargaining - Essay Example Since 1975, ESOPs have been on the growth because it has significantly played a big role in supporting the trade unions. For instance, it has a hand in allowing unions to have partial ownership. This means that it has offered the trade union with an incentive of becoming weaker bargainers hence leading to a reduction in the rate of labor disputes and strike incidences (Block, 2006). Employee Stock Ownership Plans (ESOPs) have assisted the employee to strategically plan for the operation of the organization and coming up with outsourcing solution. On an employee perspective, it has allowed room for integration of the model with other existing plans to be able to provide high quality service and maintain a consistent customer satisfactory plan operation. The employers would experience a reduction in their business equity in the events of leveraged ESOP. During the valuation period the ESOP is most overvalued hence subjecting the employer penalty tax of 15%. It affects the value of an organization hence deterring employer from making the investments (Sloane, 2001). In addition, Employees would be affected due to the poor performance of an organization that is, they would encounter a loss of the long-term investment. Lack diversification of the ESOP investment would lead to the loss of the employees’ retirement funds (Aidt, 2002). Question 2: Describe the two major forms of no-strike provisions agreed upon by managements and unions. Outline and explain the series of remedies that employers have available when these provisions are violated (including any union-generated action that interfered with production). The management and the unions agreed upon provision that would guide the members of the union to raise their grievance without going for any strike within the period of the agreements. Among the provision agreed upon is the no-strike clause. It bonds the union along with the management to promise that their

Can Concept of Enlightened Shareholder Value Succeed in Bridging the Essay

Can Concept of Enlightened Shareholder Value Succeed in Bridging the Gap between the Shareholder and Stakeholders Value Theories - Essay Example Does the concept of Enlightened Shareholder Value succeed in bridging the gap between the Shareholder and Stakeholders Value theories? Critically discuss the advantages, disadvantages and future perspectives of this new approach. 1. Introduction In the Enlightened Shareholder Value approach, much focus is given to â€Å"corporate stakeholders, including the environment, employees, and local communities† which are considered important in establishing long-term shareholder benefits1. Much debate has been seen throughout the years on what the goals of corporations should be. In order to seek an answer to this query, the shareholder value principle and the stakeholder theory has been considered. The shareholder value principle requires for a corporation to be managed in ways which support the shareholders over and above other parties having claims on the company. This principle has been seen in the US, the UK, Canada, and Australia. The stakeholder theory on the other hand declare s that the goal of the corporation must be to support all individuals who have been identified as stakeholders2. Under this set-up, the organization therefore seeks to manage the corporation for its shareholders, as well as all stakeholders who can be impacted by the organization. This theory is seen in Germany and in some European countries. In general, the shareholder value principle is being applied in most UK corporations. ... The current application of the shareholder theory is based on the Chicago School of Economics which highlighted the fact that the primary purpose of corporations is to maximize the wealth of shareholders; this theory also argues and that resolving social issues are state functions, not corporate functions4. Sharing wealth through philanthropy is therefore considered a useless enterprise for the corporation; in some instances, it may even be considered immoral because it is as good as stealing from the shareholders. The importance of the shareholder has been based on the principle of corporate law supported by the contractarian school in the US5. The contractarians declare that contractual relations among individuals within a company must be considered sacred6. These contractarians therefore uphold the right of the shareholders as the main basis for any corporation. This preference is based on the idea that for as long as the corporation is solvent, the company must be run in favour o f residual claimants7. These claimants have an interest in the company’s profits and therefore, their stake in the outcome of the company is also high. If the company suffers a downturn however, these shareholders also suffer to a significant extent. It is therefore important for shareholders to have a right to control the corporation over and above the interests of stakeholders8. 2.2 Criticism The shareholder theory is however very much focused on earning profits for its shareholders, with little to no concern at all attributed to how, who, or what is affected negatively by the corporation in gaining said profits. This theory also does not consider the environmental, social, cultural, and even political impact of their profiteering

Judicial Activism Essay Example | Topics and Well Written Essays - 500 words

Judicial Activism - Essay Example By interpreting, the judge is equipped with knowledge to decide what applies in a particular case. The decision must also be constitutional rather than a biased one. (Scalia, 1997)This is what is referred to as strict constructionism or strict constructivism. The judge must first acquire the meaning of a particular clause of the constitution then apply it in the ruling. The use of strict constructionism is recommended where the provisions of the constitution are unclear, ambiguous or absurd. On the other hand, one may view the constitution as a self-fulfilled set of guidelines to govern any ruling.in the event that there are no ambiguous or the clarity of the provisions is spot on, the judges are expected to strictly apply the exact meaning in the ruling. (Forte, 1972) One of the issues that arise with interpretation of the constitution by the judges is expansion of the laws through implications. Justice, reason and fairness may fail to materialise if the judges fail to restrain from expansion of the law through implication. Abortion has been one of the most contentious and sensitive issue over a period of time. Judicial involvement is rampant and the most publicly highlighted case is the Roe v.Wade case. The outcome of this case was the declaration of access abortion as being a fundamental right of any woman upon determination of foetal viability. (Craig, 1993) Consequently, the conditions determining foetal viability became very conflicting. Up to now, different states continue to set up rulings concerning abortion due to their own definition of the term â€Å"foetal viability†. For instance, the Supreme Court is under intense pressure to rethink about the legal conditions as to when an abortion can be performed. Various petitions have been raised by different states prompting the judicial system to re-evaluate its position as expressed in the Roe vs. Wade case. In this case,

Father of the Year Essay Example for Free

Father of the Year Essay Many people in Maycomb County , Alabama gathered to watch Atticus Finch defend Tom Robinson , a black man. The odds were already against Tom Robinson and Atticus because Tom Robinson was black and Mayella Ewell was white. Tom Robinson is being accused raping Mayella Ewell in her own home when he was suppose to be helping her with some work. Mayella told Tom Robinson to â€Å" †¦ come here, nigger, and bust up this chifferobe for me, I gotta nickel you. † According to her after she asked him to bust up the chifferobe tree he attempted to rape her. Before Atticus Finch even had a chance to question Mayella , she burst out in tears. She burst into tear when the judge simply said â€Å"Just tell us what happened†. At the stand Mayella was a nervous break down. Within the first few questions that Atticus asked her she freaked out because she thought that Atticus was â€Å"mockin† her. Atticus was only being polite by calling her maam and Ms. Mayella , and Mayella seemed to just take in offense. During the questioning by Atticus , Mayella kept her same story, that Tom Robinson raped her. She seemed to be unsure about that story mid-way through the questioning. Actually some of her responses to Atticuss questions didnt make sense or she wouldnt respond at all. She told the court room that Tom Robinson hit her with his left hand on the right side of her face, even though his left Crises in Maycomb By: Kevon McClary hand is paralyzed from an accident that accord while he was a child. The odd thing is that Mayella father, Bob Ewell , is left handed and was allegedly at the crime after the â€Å"rape† occurred. Throughout most of her questioning Mayella seemed as if she was confused. Mayella once stated â€Å" No, I dont recollect if he hit me. I mean yes I do, he hit me†. Mayella not speaking clearly during the questioning may lead the jury to think that she is lying about her story. [ In the picture above you will see Atticus Finch questioning Mayella Ewell. ] The last couple of questions that Atticus was asking Mayella , Mayella seemed to be getting angrier by the question. There was absolutely nothing that Mayella Ewell could be getting mad about. If I was in the jury , Mayella getting aggravated, nervous, and crying that would somewhat lead to me believing the she was lying about the whole thing. Mayella really seemed to be enraged when she said her finale statement , â€Å"That nigger yonder took advantage of me an if you fine fancy gentlemen dont wanta do nothin about it then youre all yellow stinkin cowards, stinkin cowards, the lot of you. Your fancy airs dont come to nothinyour maamin and Miss Mayellerin dont come to nothin, Mr. Finch. † My opinion of this trial is that Tom Robinson is innocent. From Mayella freaking out , to the obvious evidence that points out Tom Robinsons innocent. I think that Mayella Ewell is a great person, just raised by the wrong father. In a way it seems like all of Mayella answers were what Bob Ewell wanted her to say . She knows the truth behind it all , whether she wants to tell it or not. Its already obvious to the jury and the courtroom that tom Robinson is innocent. But the only thing is that Tom Robinson is an African American male whose word is not as important as the white man or even the white woman.

The Internet Essay -- Technology Impact Web Cyberspace Essays

The Internet Today the use of technology is tremendous. Almost every home has a computer and a way of communication like the telephone. Most have radios and satellites for cable television. To some people technology is all that they depend on for survival. I have learned that technology plays a huge role in every person’s life. The use of technology today has helped make life a little bit simpler and has changed our way of thinking. For instance, the Internet is a highly effective tool for communicating, for gathering information and for cooperation between dispersed locations. It has â€Å"negated the limitations of physical presence† (Shields 5). There is continuous development and improvement. The growing list of applications serves as testament to advertising, communication, shopping, and banking, to name just a few. Many businesses are discovering new ways to reach their customers, new ways to improve efficiency, new products and services to sell. The future is limited only by your imagination. The Internet is, quite literally, a network of networks. It is comprised of thousands of interconnected networks spanning the globe (Black 1). The computers that form the Internet range from huge mainframes in research establishments to modest PCs in people’s homes and offices. Despite the recent hype, the Internet is not a new phenomenon. Its roots lie in a collection of computers that were linked together in the mid-1960s to form the US Department of Defense’s communications systems. Fearing the consequences of nuclear attack, there was no central computer holding vast amounts of data, rather the information was dispersed across thousands of machines. A set of rules, of protocols, known as TCP/IP was developed to allow dispar... ... to the Internet’s bytes there has been a long road of development. The reason for the developments is the desire for information. Information has always been valuable. Each one of these inventions has been a tool for political and economical resource in their time, and each has been surpassed by the next in efficiency and speed. Global communication is becoming more and more a comfortable, worldly cultural phenomenon. Together with this development the world is becoming a smaller place. The question is what is next? Works Cited: Black, Uyless. Advanced Internet Technologies. New Jersey: Prentice-Hall, 1999. Shields, Rob, ed. Cultures of Internet: Virtual Spaces, Real Histories, Living Bodies. California: SAGE Publications, 1996. Whyte, W. S. networked futures: trends for communication systems development. New York: John Wiley & Sons, 1999.

Writing Improvement Exercises

Save this file to your computer. Your assignment is to revise each of the following exercises to reflect your mastery of the concepts described in Chapter 2. Create your revisions directly on your screen, save your response, and send it to your instructor as a Word attachment in Blackboard mail.To help you, the solutions to several problems are already provided. Be sure to type your answers at the indented points after each enumeration to avoid the problem of automated numbering.AUDIENCE BENEFITS AND THE â€Å"YOU† VIEWRevise the following sentences to emphasize the perspective of the audience and theâ€Å"you† view.1. To avoid suffering the kinds of monetary losses we have experienced in the past, our credit union prohibits the cashing of third-party checks presented by our members. Our facility will be pleased to cash all properly executed checks other than third-party checks.2. To help us process your order with our new database software, we need you to go to this We b site, www.databasefullfillment.com, and fill out the customer information required. Please visit our website www.databasefullment.comto help us process your order.3. We are pleased to announce an arrangement with H-P that allows us to offer discounted computers in the student bookstore.4. Under a new policy, reimbursement of travel expenses will be restricted to those related to work only.5. We are pleased to announce that you have been approved to enroll in our management trainee program.6. I give my permission for you to attend the two-day workshop.CONVERSATIONAL, PROFESSIONAL TONERevise the following to make the tone conversational yet professional.7. Under separate cover the above-referenced items (printer toner and supplies) are being sent to your Oakdale office, as per your telephone conversation of April 1. As you requested in your phone call of April 1, we are pleased to send you the printer toner and supplies directly to your Oakdale office.8. Kindly inform the undersigne d whether or not your representative will be making a visitation in the near future.9. It is recommended that you conceptualize and submit your departmental budget ASAP.10. BTW, we’ve had some slippage in the schedule but don’t have to scrap everything and start from step zero.11. To facilitate ratification of this agreement, your negotiators urge that the membership respond in the affirmative.POSITIVE AND COURTEOUS EXPRESSIONRevise the following statements to make them more positive.12. Customers are ineligible for the 10 percent discount unless they show their membership cards. Please show your membership card in order to receive your 10 percent discount.13. Titan Insurance Company will not process any claim not accompanied by documented proof from a physician showing that the injuries were treated.14. If you fail to comply with each requirement, you will not receive your $50 rebate.15. We must withhold remuneration until you complete the job satisfactorily.16. We ca n’t process your application because you neglected to insert your telephone number.17. Construction cannot begin until the building plans are approved.18. All employees must return their health care packets by November 1, or they will not be able to change any options.INCLUSIVE LANGUAGERevise the following sentences to eliminate terms that are considered sexist or that suggest stereotypes.19. Any applicant for the position of fireman must submit a medical report signed by his physician. All applicants for the position of firefighter must submit a medical report signed by their physicians. OR Any applicant for the position of firefighter must submit a medical report signed by his or her physician.20. Every employee is entitled to see his personnel file.21. All waiters and waitresses are covered under our new benefits package.22. A salesman would have to use all his skills to sell those condos.23. All conference participants and their wives are invited to the banquet.24. How ma ny man hours are required to complete the project?PLAIN ENGLISH AND FAMILIAR WORDSRevise the following sentences to use plain English and familiar words.25. Please ascertain whether we must perpetuate our current contract despite perplexing profits. Please determine if we must keep our current contract despite uncertain profits.26. He hypothesized that the vehicle was not operational because of a malfunctioning gasket.27. Because we cannot monitor all cash payments, we must terminate the contract.28. The contract stipulates that management must perpetuate the retirement plan.29. I’ll interface with Mark to access his people.30. Unilateral nullification of the terms and conditions of the expiring agreement absent bona fide impasse is prohibited.

Immigration in the 1920’s

The way people were treated in the early 1920s would be considered outrageous today, but the discrimination has not come to a hault just yet. After carrying on for years, immigration laws are still being established today. Immigration has had a huge impact on modern day America because it created the quota laws, which have successfully helped the immigrants find their place in this society today, and discrimination has decreased dramatically, but has not concealed itself from this problem completely. The immigrants wanting to come to our country saw our world as a new start or even a new life for them, that’s when 1920s they decided to take immigration laws to the extreme to keep the massive flow of people out, â€Å"In 1919 a bill was introduced to suspend all immigration entirely while congress worked out a permanent plan for a more tightly restrictive policy† (Wepman 242). Although this law was only temporary, just shortly after more things started changing, â€Å"Signed by President Harding on May 19, 1921 called ‘the most important turning-point in American immigration history. An act to limit the immigration of aliens into the United States. † (Wepman 242). The limiting of the immigrants into the United States wasn’t the worst part, â€Å"One of the most painful results of the new quota restrictions was that they made no distinctions for personal relationships and often seperated families. †(Wepman 244). With of the family troubles that the immigrants had to deal with, â€Å"After the civil war the former slaves began to drift away from the rural south, where more than 90 percent of the black population of the United States had lived in antebellum era. †(Archdeacon 131).Even though right before World War I started, â€Å"Immigration dropped to new lows. During the 1930’s the annual quota was never completely filled, the total numbering less than 100,000 a year, and many emigrated out of the country. †(Daniels 247). With all these quota laws and such, that didn’t stop the discrimination from occurring. Many things with discrimination and the process of going through Ellis Island changed a lot over the 1920s. After World War I the immigration level reached an all time high after the lull during the war. â€Å"The Immigration Act of 1924 created a permanent quota system (that of 1921 was only temporary), educing the 1921 annual quota from 358,000 to 164,000. † (Wepman 243). Eventually they negotiated enough and got the number of immigrants down to 154,000.The whole point of the quota acts was to maintain the â€Å"character† of the United States. Although President Johnson wanted to eliminate all immigration not everyone did, â€Å"The unions, which had approved Johnson’s idea of banning all immigration, accepted it as a good compromise, and the New York Daily news applauded it for its protection of American job market from a flood of aliens willing to work for low wages. (Wepman 242). Now, as we are in the 21st century, and the economy at one of its lowest points, the immigrants of the world today are lucky to get a job with a minimum wage pay or even a job because of their race. After all these new laws were set, they had to have some kind of protection to keep the immigrants out, that is when they created Border Patrol. There was an over flow of laborers coming from the South which resulted in the establishment of U. S. Border Patrol on May 8, 1924.The Border Patrol consisted of over 450 officers; â€Å"Their main job was to ride the Mexican border on horseback seeking out smugglers and the hiding places of illegal aliens. †(Tischauser 100). Not only did they create the Border Patrol, they mad a ten-dollar visa fee with an additional six-dollar head tax for each applicant trying to get through. That new rule alone limited down the number of people to cross the border because only very few Mexicans made enough money to pay that fee. â€Å"During the first three years of operation, the Border Patrol turned back an annual average of fifteen thousand Mexicans seeking illegal entry. †(Tischauser 100).These numbers looked great for congress but the number of illegal immigrants started to become outrageously large, â€Å"Because of such fears, Congress, in 1929, voted to double the size of the Border Patrol and demanded a crackdown on illegal entry, and increased Border security. †(Tischauser 101). Although the 1920s was filled with glamour, there were other sides to this nation with horrible discrimination and racial issues. The Ku Klux Klan was a racist group of people that would do anything and go to any extreme to get the racial segregation they wanted and the white supremacy.There are over 40 different Klan groups that have previously xisted, â€Å"At first, the Ku Klux Klan focused its anger and violence on African-Americans, on white Americans who stood up for them, and against the federal government which supported their rights. Subsequent incarnations of the Klan, which typically emerged in times of rapid social change, added more categories to its enemies list, including Jews, Catholics, homosexuals, and different groups of immigrants. † (Anti-Defamation League). Throughout the years, the Klan had reached over four million members and just as they hit their peak, until people started realizing how racially absurd this group of Klansmen really was.Not shortly after that the Klan had split at the Democratic presidential convention and the public did not heed this very well, â€Å"by the end of the 20's, a power struggle among the top positions of the Klan caused the group to split. The Klan quickly fizzled out with the conviction of the head of the Indiana Klan. Only a handful of Klansmen was the remainder of the millions that so previously had approved of the Klan's violent acts† (Keeney). After all was said and done, the simplest way to put the KKK was, â€Å"they became champions of vigilante justice against bootleggers, wife-beaters, and adulters. (Keeney). Although the Klu Klux Klan â€Å"saw themselves as protecting the American family† (Kenney 1), many of the quota laws would set immigration up to fail. In our society today, we could have possibly reached an all time low in racism. In the state of Arizona, the governor has now passed a very sketchy law, â€Å"It requires police officers, â€Å"when practicable,† to detain people they reasonably suspect are in the country without authorization and to verify their status with federal officials, unless doing so would hinder an investigation or emergency medical treatment. †(New York Times). Having the discrimination back in the 1920s has carried on throughout the years, to the point where if a person walking down the street looks slightly Hispanic, police can demand to see documents that prove you are a citizen of this country that we live in. Immigrants’ back then thought they had it bad, the United States now bring all that racial hate back. . Immigration has had a huge impact on modern day America by setting the quota laws, the immigration acts, creating Border Patrol, and by trying to help people realize that even though you are from a different racial descent, you are still just as important as anyone else. Even though people may look at those of different ethnicities as less capable to do your job, they are actually the ones that are doing all the dirty work that we don’t want to do, so in the long run, we should be thanking them. Although Arizona has brought about the discrimination again, mostly throughout the United States people keep their hateful comments to themselves, and you don’t really find many gang members out there anymore, but everyone walking down the street should watch their back because you never know what’s coming for you. Works CitedArchdeacon, Thomas J. Becoming American. New York: The Free Press, 1983Daniels, Roger. Coming to America. New York: HarperCollins Publishers, 1990Wepman, Dennis. Immigration: From the founding of Virginia to the closing of Ellis Island. New York: Facts on File Inc. , 2002Strelssguth, Thomas. The Roaring Twenties. New York: Facts on File Inc. , 2001â€Å"Racism in the 1920s: The rise of the KKK and anti-immigration. † Kim Kenney. 15 January 2009, 2 May 2010. http://americanhistory. suite101. com/article. cfm/racism_in_the_1920sâ€Å"Racial and Ethnic Discrimination† 2 May 2010. http://law. jrank. org/pages/9625/Racial-Ethnic-Discrimination. html

Value of Sports Talent

Value of Sports Talent Introduction One of the greatest motivators of the sports industry and sometimes the only motivator is identified to be the revenues that players as well as their teams rake in after a particular game or tournament. The need to increase the amount of revenue that a team or a player makes has led researcher to explore the economic as well as the finance aspects of sports.Advertising We will write a custom coursework sample on Value of Sports Talent specifically for you for only $16.05 $11/page Learn More In the course of these studies it has been identified that there is a lot of disparity between the amounts of revenue that players as well as teams playing in the same sport make (Downward, Dawson Dejonghe, 2009). In the quest to explain these disparities, researchers have come up with different frameworks that can be applied to increase the overall incomes of the various stakeholders in the sports fraternity without necessarily having to work hard. This may be identified as an advantage for the players even though it has elicited its fair share of criticism from the lovers of the particular sports. They identify that too much commercialization of the game may end up killing the sport by drawing all the fun out of it (Sanderson Siegfried, 1997). In the end most people who are in a position to influence the way sports is managed still view it as a business that pays the bills of many people all over the world. There has also been increased activism in the sports fraternity citing the lack of equality in the payment of salaries. This has introduced a new debate over the standardization of salaries in leagues or tournaments especially where it is identified that the performance of some of the highly paid players may be in question. The issue of management of sports teams as well as independent athletes is identified as one of the critical aspects of the financial debate in the sports fraternity. The signing of contracts is especially ide ntified as critical in the development of sports as it outlines the particular financial success of the athletes as well as the teams. This paper seeks to explore the opinions of different authors on the whole issue of sports finance and economics in reference to the particular revenues that individual players as well as sports teams rake in from particular games as well as tournaments. Theoretical Premise The authors identify some new applications of knowledge borrowed from other fields that are identified as compatible with the general field of sports. It is identified that most of the authors borrow their content from the economic and finance aspects of sports in their explanation of the particular revenues that players and sports clubs get (Stone Warren, 1999).Advertising Looking for coursework on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More Their explanation of the economics of sports, however, raises new ideas that have not been previously identified by other authors such as the relationship between performance and revenue (Kahn Shah, 2005). It is identified that most sports have a performance appraisal payment system where players as well as clubs make more money depending on their performance. On the other hand, there are players and clubs that make more money based on their fan base although they may not be in a position to perform better than other players (McCormick Tollison, 2001). They also explain the contribution that perception makes on the incomes of players while highlighting race and status issues. It is identified that the application performance appraisal mechanisms in some sports may be partisan in terms of the amount of contribution that each player makes (Ehrenberg Bognanno, 1990). The identification of some players as high value does not always stem from their particular performance on the field or court, but rather on their value as sports personalities. The a uthors apply some economic and finance principles in identifying different mechanisms that players and teams can use to increase their value without necessarily performing better in their respective sports (Kahn Shah, 2005). The use of economic principles identifies the particular relationship between market forces in the sports fraternity and the performance of players. The authors identify that the performance of players or rather teams often has a huge impact on the number of fans that frequent their games during tournaments (Downward, Dawson Dejonghe, 2009). This increases their revenues from gate fees as well as sponsorships (Noll, 1998). On the other hand, it is identified that there may be some freeloaders who make more money than other without having to perform well. They often make their money through fan loyalty, which the authors identify as a combination of basic economic principles. The fact that some teams are in a position to increase their income by building fan lo yalty even though they may not be the best performing team in a particular league brings in the issue of fan psychology. It is identified that the need to belong often brews a huge amount of loyalty that is unmatched by any type of performance (Sanderson Siegfried, 1997). Some of the aspects identified by the authors to be particularly responsible for this kind of loyalty are race and location. It is identified that the location of some teams ensures that they are the only teams that those who love the sport in the area can support (Noll, 1998). With increased demand as a result of a great following, teams are in a position to increase their incomes through hiking stadium gate fees as well as increasing their endorsements and sponsorship values (Whitney, 2005).Advertising We will write a custom coursework sample on Value of Sports Talent specifically for you for only $16.05 $11/page Learn More The authors use data borrowed from sports statistics made by di fferent teams and league managers. These give a vivid description of the particular revenue flows that the authors seek to explain in their articles. The fact that the numbers are evident, but there has not been any action to rectify the disparities in incomes, may be understood to mean that the success of the sports fraternity does not lie in the particular revenues generated (Kahn Shah, 2005). This is contrary to popular opinion of the players, managers as well as fans who identify that the monetary value of the sport has a lot to do with its success. The use of real monetary figures does, however, prove the validity of the arguments advanced by the authors in every sense of the sport from the motivational to the fanatical and financial aspects of the different sports that have been evaluated (Stone Warren, 1999). Of particular interest is the data on basketball as well as football where it is identified that some of the best performing athletes may be making less money than the ir counterparts who perform less especially in cases where they are bound by contracts that are of a lower value (Palomino Sakovics, 2003). This extends the authors debate on sports management where sports managers have to identify ways of increasing and sustaining sports contracts and endorsements. Critique The authors raise a couple of ideas that are quite important in the evaluation of sports revenues with the current disparities in the incomes of different players as well as teams being put into consideration. The identification that the state of the whole sports fraternity is worrying in regard to its sustainability especially after fans have started complaining of more boardroom sports than on the field sports (Whitney, 2005). The fact that the commercialization of the sports industry may be identified to be one of the contributors of the decline in the growth of the whole industry in terms of sports, it should not be demonized especially considering that the increased value of the game has overtime contributed to more activity in terms of the number of games and tournaments organized (Ehrenberg Bognanno, 1990). The authors’ findings as well as conclusions can be identified to have various strengths as well as weaknesses that are based on their application of themes whether new or borrowed from other fields of study (Verbon, 2008). Strengths The authors identify that the introduction of salary caps as well as salary floors may serve to improve the quality of sports since players will be more motivated to perform better. The fact that these opinions are based on real values collected from the different teams and sports managers serves to provide a practical evaluation of the economic and financial aspects of sports especially in regard to salaries and endorsements (Verbon, 2008).Advertising Looking for coursework on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More The need to introduce some form of equality into the sports fraternity is advised by the fact that some teams as well as individual players have been suffering under irrational decisions made by their managers who identify particular ways of raking in revenues to be preferable than other (Palomino Sakovics, 2003). It is identified that the particular aspect of procuring famous athletes who are in the decline stages of their careers and then paying them some hefty amounts of money may not be ethical even though it works to draw in more fans as well as increase endorsements and sponsorships (McCormick Tollison, 2001). The need to value sports with reference to the particular performance of a player and not his or her previous reputation serves to ensure that the particular talent that exists in the field is natured to a point where it gives both the stake holders in the sports management and the fans a considerable amount of satisfaction during the games (Stone Warren, 1999). The i dentification by some authors that some of the sports portray quite a substantial amount of disparity between the revenues of players from different races, serves to highlight the plight of minority groups in the sports fraternity. This, they identify is rooted in the particular management techniques of different spots where the value of players is quantified to racial supply rather than their performance (Kahn Shah, 2005). They identify that in the basketball leagues white players are paid more than their black counterparts due to the fact that there are less white players in the leagues in general. The application of economic, finance as well as other market research models in identifying the particular value of players and teams in terms of endorsements and the number of fans is credited for this racial disparity (Downward, Dawson Dejonghe, 2009). Where it is identified that there is a higher population of white people who frequent the sports venues, the white players are paid more than the other players and vice versa (Ehrenberg Bognanno, 1990). The authors have also identified the need to invest in nurturing talent in regard to their evaluations based on economic principles. They identify that the investment of teams in old and experienced sports personalities so as to increase their endorsements and number of fans may not satisfy their long-term objectives and may actually be expensive in the long run (Palomino Sakovics, 2003). Weaknesses While most of the authors identify that the introduction of salary caps may be identified to be a motivator for those who are wrongfully discriminated based on their personality, it may serve to demoralize the high achievers who make a lot of money (Sanderson Siegfried, 1997). It should not be assumed that some of the highest salaried players do not deserve their salaries as it is identified that some of them actually perform exceptionally for the betterment of their teams as well as the whole sport in general. The application of economic variables does not serve to solve the direct challenges that are faced by sports personalities today and with the short lifespan of some sports careers it may be worrying to identify that some of the currently talented athletes may never get to be paid their fair dues in the near future (Noll, 1998). The authors identify that with age the performance of athletes reduces. In as much as teams want to maintain some of the players for endorsement purposes, the particular economic viability of the sports industry has a long-term aspect to it and with the short life cycles of the athletes careers it may not be viable to apply economic principles in a matter that is identified to be of personal importance. It may, however, work to secure the revenues of future generations. It is identified that what is currently needed is a quick solution to fix the reputation of the sports fraternity before some of the sports start losing their market value due to reduced fan sati sfaction (McCormick Tollison, 2001). The management of sports teams is also misrepresented in terms of financial preference, where it is identified that they are mainly drawn by the particular profits that they can make in the signing of sports contracts (Verbon, 2008). It is identified that the need to maintain a high number of loyal fans coincides with the particular aspect of endorsement profits as well as gate collection and these are actually some of the main concerns of sports managers. Conclusion The authors have presented a very solid case on sports economics by evaluating real data on the particular revenues of teams as well as individual sports personalities. Their arguments on the particular contracts that players as well as teams in general get into prove that there may be more financial matters in the sports fraternity than it is identified by those who identify talent as the main motivator of sports (Whitney, 2005). This proves that the financial aspect of sports shou ld not be ignored as it may be a bubble that is about to burst considering the recent over-commercialization of some sports. They identify that there may be a need to toughen the rules and regulations surrounding the management of spots to secure its viability and ensure fair play among the different stakeholders (Downward, Dawson Dejonghe, 2009). References Downward, P., Dawson, A., Dejonghe, T. (2009). Sports economics: theory, evidence and policy. New York: Elsevier/Butterworth-Heinemann. Ehrenberg, R., G. Bognanno, M., L. (1990). Do Tournaments have incentive effects? Journal of political economy. 98(6). Pp 1307-1324. Kahn, L., Shah, M. (2005). Race, Compensation and Contract Length in the NBA. Journal of industrial relations. 44(3). Pp 444-462. McCormick, R., E. Tollison, R,. D. (2001). Why do black basketball players work more for less money? Journal of Economic Behavior Organisation. 44(1). Pp 201– 219 Noll, R., G. (1998). Economic Perspectives on the Athletes Bo dy. Stanford humanities review. 6(2). Pp 78-81. Palomino, F., Sakovics, J. (2003). Inter-league competition for talent vs. competitive balance. Edinburgh: University of Edinburgh. Porter, P., Scully, G. (1996). The Distribution of Earnings and the Rules of the Game. Southern Economic Journal. 63(1). Pp 149-162. Sanderson, A., R. Siegfried, J., J. (1997). The Implications of Athlete Freedom to Contract: Lessons from North America. Oxford: Blackwell. Stone, E., W. Warren, R. (1999). Customer discrimination in professional basketball: evidence from the trading-card market. Applied Economics. 31. Pp 679-685. Verbon, H. (2008). Regulation of Mobile Football Talent. Tilburg: Tilburg University press. Whitney, J. (2005). The peculiar externalities of professional team sports. Economic Inquiry. 43(2). Pp 330–343.