What is Wisdom Essay Example | Topics and Well Written Essays - 500 words

What is Wisdom - Essay Example So what is astuteness? What are qualities of insightful individual? Who is an insightful individual? Researchers have characterized the term ‘wisdom’ in an unexpected way. Some of the time it is viewed as the more created and modern type of sound judgment. It is accepted that intelligence can be created by understanding. Some others think about it as the capacity to anticipate results and representing the benefit of everyone. A standard acknowledged meaning of Wisdom is the capacity to settle on right decisions without having total data. Robert M May says â€Å"the Wise Men and Wise Women of history realized that we should go to resources past those of sense and reason in managing inquiries of wholes and qualities. Feeling and instinct are as significant resources of the mind as are sensation and astuteness, if not more so.† (May, 2004). Dr. Robert Sternberg, a teacher of Psychology and Education at Yale University, characterizes shrewdness as â€Å"the use of insight and experience as intervened by esteems toward the accomplishment of a typical decent through a parity among intrapersonal, relational, and additional individual interests, over the short and long terms, to accomplish an equalization among adjustment to existing conditions, molding of existing situations, and determination of new environments.† (Sternberg). This meaning of intelligence contains three significant focuses, for example, arrangement of qualities inside shrewdness, significance of activity and wisdom’s drive towards balance. Along these lines, astuteness turns into the capacity to perceive reality. â€Å"He, O men, is the smartest who, similar to Socrates, realizes that his knowledge is in truth worth nothing.† with regards to above citation, some may contend that from a down to earth perspective shrewdness, or what it causes a people to be, gets nothing. Socrates, for his being savvy accomplished nothing. He was censured, denied of his opportunity. He was attempted by a jury which is designated by a lion's share of the residents. Were each one of those residents astute? Very few will concur. It

Impact of Grey Marketing on Indian Economy Essay Example for Free

Effect of Gray Marketing on Indian Economy Essay â€Å"An informal market in which products are purchased and sold at costs lower than the official value set by an administrative organization Dark advertising (additionally some of the time known as â€Å"gray market†) includes the exchange of legitimate merchandise through unapproved, informal, and unintended channels of conveyance. Henceforth, trademarked items are regularly sent out starting with one nation then onto the next and sold by unapproved people or firms. This training is additionally frequently known as equal bringing in, item redirecting, and even exchange, and normally thrives when an item is hard to come by, when makers resort to skimming systems in explicit markets. A genuine model is the exchanging of unrefined petroleum by a person. The dim market incorporates administrations that are regularly unregistered to dodge charges. Superbly genuine occupations, for example, residential assistance, sitters, low maintenance beauticians and consultants, may not be enlisted. In addition to the fact that it is hard to distinguish such defaulters, the discipline is typically gentle. For instance, even as Apple, Inc., revealed its most recent third-age iPhone on July 11, 2008, a few retail locations all through the world, incorporating those in China and Thailand, kept on taking requests despite the fact that this item was not being sold in those business sectors. Their PC codes were opened, so the telephones could be utilized with various versatile specialist organizations. Indeed, even in India, one of the quickest developing markets for PDAs, Apple deferred the arrival of the first iPhone until mid-2008, a year after the discharge in the United States and a half year after its discharge in Europe, in view of the dread of dim market deals. A wide scope of products and ventures have been sold through dim markets, including autos, broadcasting conveyance, school course readings, pharmaceuticals, photographic hardware, computer games, and even wines. Research has exhibited that all of the world’s eight significant fare districts has encountered dim advertising action harming to their tasks. Equal market is additionally empowered by times of war or some other emergency. During brutal political conditions or catastrophic events, rare products are proportioned by the administration. Individuals tend to damage limitations or apportioning laws to make sure about the items they want. In the United States, dim market products are restricted by Section 526 of the Tariff Act of 1930, which explicitly prohibits importation of merchandise of remote assembling without authorization of the trademark proprietor. Nonetheless, the usage of guideline by the U.S. Customs Service and the courts’ understanding of the law have not been in accordance with one another. In an ongoing report, around 13 percent of the organizations in North America have detailed some type of dim promoting. A positive result of dim markets is that they give brand-name products at lower costs to the client. They can make gradual deals in business sectors not in direct rivalry with authorized vendors, and in some cases assist organizations with conquering dispersion bottlenecks as a result of nearby government guidelines. At times, it is more affordable to endure dim advertising than to close down the activities totally as a result of the time and assets required to screen the infringement. At last, killing dark advertising exercises can furnish a firm with sound showcasing knowledge in regards to clients in these business sectors and their purchasing conduct. Then again, the wonder clearly likewise has a few disadvantages for organizations. It at the same time sabotages the manufacturer’s conveyance courses of action and their capacity to control quality it makes the weakening of eliteness and harms existing channel connections. Official vendors may not decide to offer critical administrations so as to contend with the dark market cost for the item. There is probably going to be a disintegration of the brand’s worldwide picture, and the firm is probably not going to be able to utilize conventional valuing systems, in this manner having less command over their general promoting techniques. 2.According To World Health Organization: 2.1.Parallel Imports: Equal imports will be imports of a licensed or trademarked item from a nation where it is as of now showcased. For instance, in Mozambique 100 units of Bayers ciprofloxacin (500mg) costs US$740, yet in India Bayer sells a similar medication for US$15 (attributable to neighborhood conventional rivalry). Mozambique can import the item from India without Bayers assent. As per the hypothesis of weariness of licensed innovation rights, the restrictive right of the patent holder to import the secured item is depleted, and in this way closes, when the item is first propelled available. At the point when a state or gathering of states applies this standard of weariness of licensed innovation rights in a given domain, equal importation is approved to all inhabitants in the state being referred to. In an express that doesn't perceive this guideline, nonetheless, just the patent holder who has been enlisted has the privilege to import the ensured item. Now and then alluded to as â€Å"grey market† imports, equal imports regularly happens when there is differential estimating of a similar item either brand-name or nonexclusive medications in various markets (typically attributable to neighborhood fabricating expenses or economic situations). The Trade-Related Aspects of Intellectual Property Rights (TRIPS) understanding unequivocally expresses that this training can't be tested under the World Trade Organization (WTO) debate settlement framework as is successfully a matter of national watchfulness. Equal imports can diminish the cost of wellbeing items and pharmaceuticals by presenting rivalry. Nonetheless, they can likewise influence the arrangement of layered estimating systems with pharmaceutical organizations. On the off chance that a private pharmaceutical organization consents to sell an item at a lower cost in poor nations, it will require some affirmation that the less expensive item won't be imported go into its rich nation markets, undermining its benefits (item preoccupation). 3.Grey Marketing by Industry: 3.1. Initial public offering Gray Marketing in India: Urban areas like Ahmedabad, Kolkata and Rajkot are the most dynamic places for the IPO (starting open contributions) dim market. Exchanges done the dark market are chosen the day of posting. When the arrangement is done at a specified value, the dealer must convey the offers after he has been dispensed the offers by the organization. On the off chance that the dealer misses the mark in accepting the specific number of offers that he has sold in expectation, at that point he should purchase the offers available (when the offer is inclined) to respect his dedication. The majority of the as of late finished up introductory open contributions are citing at a noteworthy premium in the dark market, contrasted with their issue costs; this implies the issues are seen to have been undervalued. Numerous dealers short sell in the dark market on the off chance that they feel that the premium on offer is ridiculous and that the stock may list at a value lower than what most market players anticipate that it should. Despite the fact that dim market administrators state that there is a consistent change in the dim market premium, it to a great extent relies upon the membership on the most recent day and the economic situations, post issue shutting. 3.1.1. In the financial exchange, what is the idea of dark showcasing? Dim advertising is an exchange of something lawful however through informal and unapproved appropriation channels. Conversely, dark promoting is an exchange of unlawful merchandise or administrations through illicit channels. The dim market of merchandise is to import and sell items through market channels which are not approved by the producers. It happens when the costs of an item contrast altogether in various nations. The dark market of protections markets and IPO (Initial Public Offer) is to purchase and offer the offers to be assigned later on. When the exchanging is done in the dim market at a specified value, the dealer must convey the offered number of offers to the purchaser upon the arrival of inclining to respect the responsibility. 3.1.2.Effect of Gray Market Trading on Indian Economy 3.1.2.1Grey Market: Rs. 1L in Reliance Power IPO will procure 9% in 20 days [pic] AHMEDABAD: Reliance Power (REPL) appears to have zapped dim market activities in Ahmedabad with administrators ready to dish out as much as Rs. 9,000 for each utilization of Rs. 1 lakh. In the clamoring dark market in Gujarat, such high rates are unbelievable. The last benchmark for wild action was the Mundra Port and SEZ IPO in November when the dark market began purchasing applications for Rs. 7,500 in the last phases of the issue. With the REPL offer prepared to hit the market on January 15, the dark market is exchanging the offers and the applications. It essentially implies that on the off chance that you have Rs. 1 lakh to contribute when the IPO opens, you have a made sure about 9% return inside 20 days of shutting of the issue when the stock would be recorded. After SEBI cleared REPLs IPO, dark markets had continued exchanging the stock with premium saudas (exchanges) at Rs. 340-350 and application purchasing rate at Rs. 7,500. While the premium has zoomed to Rs. 390-400, the applications rate contacted Rs. 9,000 and could break the Rs. 10,000 imprint when the IPO hits the market, sources said. The energy on the counter in the dark market has gone ahead the impact points of news that REPL will offer 5% markdown to retail financial specialists, who will likewise get a choice to pay just 25% of IPO sum at the hour of use. 3.1.2.2.Reliance Power IPO: Gray market sees Rs. 2000 crore misfortune: [pic] AHMEDABAD: The inauspicious presentation of Reliance Power on the bourses may bring about misfortunes to the tune of Rs. 2,000 crore in the dim market. Administrators additionally dread an installment emergency the same number of financial specialists are taking steps to keep down installments. Dim market players †the two administrators and speculators †who were anticipating that the stock should list in the scope of Rs. 550-Rs 600 for each offer, were in stun as Reliance Power opened at

What Is My Outcome

What Is My Outcome It is not ambition that sets a man apart: it is the distance he is prepared to go. I’ve accomplished a lot in my 31 years on this earthâ€"not because I’ve had the most ambitious ambitions in the world, and certainly not because I’m smarter or more skilled or better acclimated than the next guy, but because I’m willing to keep going, to keep taking action, to keep moving forward when many other men would give up, give in, or give out. When I’m tired and uninspired, that’s when I know I must shake the dust, right myself, and advance. This type of laudable work ethic doesn’t come naturally. It didn’t for me, at least. Rather, it’s a formula, and it works 100% of the time it’s applied. These days I avoid goals in favor of directions, but that doesn’t mean I don’t have a recipe for moving forward. The way I see it, you must be willing to ask yourself four questions if you want to accomplish anything. If you do this enough, as I have, it becomes habitual and you begin to do it with everythingâ€"literally everythingâ€"from conversations with co-workers to massive long-term goals. Question 1: What is my outcome? This should be an obvious first question in any endeavor. So obvious we usually forget to ask itâ€"we skip ahead to questions three and four, and we end up wondering why we’re spinning our wheels. Another way to ask this question is to ask yourself: What do I want to happen? Do I want to lose weight? Do I want to stop fighting with my significant other? Do I want to make a billion dollars? Before you can move forward, you must have a vision of what you want: without a vision, people perish. Question 2: Why do I want this outcome? This is the most important of the four questions. So important you won’t find satisfaction unless you can adequately answer this question with a high level of detail. Another way to ask it is to ask yourself: What is the purpose of my outcome? This question is the why behind the whatâ€"the purpose behind the outcome. Your purpose gives you the leverage you need to keep going, especially when you reach a roadblock. Without this leverage, it’s easy to get excited about a new idea, but quickly fall flat on your face because you no longer know why you wanted your outcome in the first place (i.e., you’ll lose interest). You might have that initial ambition, but you must also find enough leverage to take you the distance. Sometimes we want a specific outcome, not knowing why we desire that outcome. Perhaps you want to make a billion dollars. OK, fine, but why do you want to make a billion dollars? “So I can feel secure,”  you might say. OK, but can’t you feel secure without earning a billion dollars? Of course you can. So your real outcome in this case isn’t to earn a bunch of money: your outcome is to feel secure. There’s nothing wrong with earning money, but you needn’t rake in an exorbitant, arbitrary sum to make you feel secure. To put it simply, you must be willing to change your outcome so you have a good enough reason to see it through. Question 3: What actions must I take? Once you know your outcome and why you want your outcome, you must take action. At first, it is important to take massive action, to give you the initial momentum you need to move forward. Then you must be willing to take ongoing, consistent actions until you reach your desired outcome. There’s no avoiding this step: we all must take action. Another way to frame this question is to ask yourself: What is my strategy? Remember, Strategy is just a fancy way to say Recipe. Once you have a recipe, you can use it time and time again to get the same result. Question 4: Is this working? Now you know what you want, why you want it, and you have a strategy to get there. Great! You’re ahead of 90% of the population. This final question is crucial, though. If you take massive action and are fortunate enough to achieve your outcome right away, then the answer is simple: yes, my strategy is working. If you don’t reach your desired outcome, then you must be willing to change your strategy. As long as you have a strong enough purpose, you’ll be willing to change your approach until you get your desired outcomeâ€"even if it means testing a thousand different routes before you reach your destination. If you’re not getting what you want, change is a must. After all, doing the same thing repeatedly and expecting a different result is the definition of insanity. When I was a kid, my mother used to say, If at first you don’t succeed, try, try again. Unfortunately, as adults, we tend to do the opposite: we get discouraged or embarrassed or ashamed when our recipe doesn’t work, and although we make it 90% of the way to our outcome, we give up. We quit. We fall short of the finish line. What’s strange is these feelings of discouragement and embarrassment are completely mental. If we fail, we look around and hope no one noticed, and we vow to never do it again. Big mistake. We must fail. We must figure out what doesn’t work so we can figure out what does. Children already know this part of the formula: every child fails hundreds of times before she is able to walk. But what does the child do? Does she try a handful of times and then cower in embarrassment after failing? No, she continually changes her strategy, she keeps trying until she gets it right. That’s what all kids do. And now nearly every person in the world can walk. We don’t need goals to live a compelling, meaningful, purpose-driven life, and we certainly don’t need goals to make us happy. If you’re not getting what you want, though, it’s a good idea to ask yourself these four questions. They might help you clear the clutter obstructing your path. Thankfully, this formula doesn’t work only for large goals: it works for any situation in your life. For example, if you get into an argument with a loved one, ask yourself these same four questions. You’ll quickly discover your desired outcome isn’t to argueâ€"the outcome you want is something else. Once you uncover your true outcome and its purpose, you can develop a strategy to get what you want, re-evaluating your actions until you reach your outcome. The same goes for every aspect of life: health, relationships, passion, growth, contribution. If you ask these four questions constantly, you’ll uncover myriad revelations about yourself, and you’ll accomplish more than you ever thought possible. (Essay inspired by Anthony Robbins’s Ultimate Success Formula.) Read this essay and 150 others in our new book, Essential.

The Dynamic And Revolutionary Changes Of The 21st Century

The constant dynamic and revolutionary changes of the 21st century (belch belch 2015) has been creating countless impacts on the diverse realms of our lives, directly or indirectly affecting the associated business worlds also, due to which, different business kingdoms are swelling up their products and services to earn the steady patronage of consumers and are applying various media tactics to instigate them to choose their inventions over their competitors. It has become a battleground, where every brand wants to create campaigns with neck-to-neck fight to their competitors to outshine in order to survive this ever-evolving world. The above situation is evident in the Australian Telco industry also. This industry is ruled by†¦show more content†¦With the marketing objective to increase footfall during the summer period (Nov–Dec) by 5%, Virgin Mobile planned to create a campaign that is more centric approach instead of a social approach. They created a media strategy of using their mobile app as the core of their campaign and crafted a mobile battleground where Australia could fight for the Virgin rewards, Telco glory and receive real Virgin rewards with the every paid, owned earned touch points to perpetuate the gameplay and keep the warriors engaged in the battle. Figure 1: The screenshot of Virgin Mobile Australia: Game of Phones App. This media plan established on the common insight of their intended target market of mobile mad millennial, who uses mobile phones as their remote control to play life gaming for an average of 8-11 hours per week. Just as the purchase decision making of the marketing strategy initiates with the needs and wants of the consumers (belch belch 2015), similarly the media strategy also requires the insights of consumers for the use of specific media to fulfill their gratification. The selection of the particular target market can be analyzed based on the Uses and Gratification theory by Blumler and Kats (1974), which suggests that audiences are actively responsible to choose their own media, based on the interpretation of their needs and integrate it with the media to fulfill their specific

Traumatic Brain Injury Essay - 1284 Words

Traumatic brain injury (TBI) is the result of an external force against the head that causes displacement of the cranial structures, either through impact with an object or through acceleration and deceleration. TBI is not isolated to a single ethnic group, socioeconomic class, or region (Berquist et al., 2009; Jang et al., 2013). In 2002, the United States had the highest incidence of reported TBI cases of any developed country. The incidence of hospital admissions due to closed head injuries in the United States was estimated to be approximately 200 per 100,000 people, and the number of penetrating head injuries was estimated to be 12 per 100,000—approximately 500,000 new cases in total. Many of those cases had significant†¦show more content†¦There is currently limited information regarding the long-term effects of brain injuries sustained in battle (Mass et al., 2008). In the military population, TBI cases are sometimes co-morbid with post-traumatic stress di sorder. Post-traumatic stress disorder and TBI can present with similar symptoms of cognitive impairment, which further complicates the process of making an accurate diagnosis (Tanev, Pentel, Kredlow, Charney, 2014). Injuries associated with TBI are divided into two categories: primary injuries and secondary injuries. Primary injuries are the direct physical damage incurred at the moment the trauma occurs. Secondary brain injuries occur indirectly as a result of trauma and usually appear hours or days after the initial injury. Secondary injuries exist as result of or separate from the initial injury. They cause complications such as hemorrhaging, alterations in intracranial pressure (ICP), and neurological deficits. Deterioration can occur even after patients have been downgraded from critical status. Approximately 40% of all cases of TBI deteriorate after hospitalization. These complications are a major cause of death in people with a TBI (Narayan et al., 2002). The brain normally maintains a state of homeostasis, meaning the cerebral perfusion pressure (CPP) stays within a normal range to adequately carry blood to the brain. The protectiveShow MoreRelatedA Traumatic Brain Injury 1708 Words   |  7 PagesA traumatic brain injury (â€Å"TBI†) occurs when the brain is somehow injured, rattled, or wounded from an external source of force. The means of acquisition and the severity of TBIs are unique to each patient; therefore, symptoms and rehabilitation can vary greatly depending on the patient’s condition following the incident and how they sustained the injury. The severity of a TBI is generally classified into one of three categories: mild, moderate, or severe, and this type of diagnostic criteria influencesRead MoreTraumatic Brain Injuries772 Words   |  4 PagesEffects may be long term or short term, depending on the gravity of the incident. Traumatic Brain Injury (TBI) is a serious public health problem in the United States. Ba sed on recent studies, on average, 1.7 million people endure a traumatic brain injury each year. The leading causes of Traumatic Brain Injuries are falls, motor vehicle accidents, struck by or against objects, and assaults. The initial blow causes the brain to bounce around and twist hitting the bony interior wall of the skull or anRead MoreTraumatic Brain Injury1030 Words   |  5 Pagesto provide therapeutic and counseling services that assist persons suffering with traumatic brain injury (TBI) or acquired brain injury (ABI) in coping and recovering from the mental illnesses that often accompany such tragedies. TBI/ABI has shown a proven link with â€Å"anxiety, depression, personality changes, aggression (National Alliance on Mental Illness Veterans Resource Center May 8, 2009 Traumatic Brain Injury)†, as well as many other issues. As the caregiver for a survivor of a rare and deadlyRead MoreSymptoms And Injuries Of A Traumatic Brain Injury841 Words   |  4 Pages Nearly two million people experience a traumatic brain injury (TBI) every year. The degree of severit y from the incident may range from no underlying brain injury to severe compression of brain tissue. Irregular interior surface of skull can damage fragile tissues of brain during acceleration, deceleration, or shearing forces. Direct mechanical trauma can injure cortical tissue. Traumatic hematomas can damage subcortical structures and lead to vasospasm and ischemia. Sudden movement of skull onRead MoreTraumatic Brain Injury Essay1243 Words   |  5 PagesTraumatic Brain Injury Traumatic brain injury, also called acquired brain injury or simply head injury, is a result of a sudden blow to the head when an external force is applied causing a disruption of the physiological stability of the brain locally. It can also occur when an object pierces the skull and enters the brain tissue and when elevation in the intracranial pressure occurs and potentially dramatic changes in the blood flow within and to the brain. These changes may produce a diminishedRead MoreTraumatic Brain Injury Essay1046 Words   |  5 PagesInjury Stats Roughly 1.4 million people sustain a traumatic brain injury every year in the United States.1 Of these 1.4 million, 235,000 injuries are severe enough to require hospitalization—and 50,000 result in death. More than half (over 700,000) of all of these yearly brain injuries are from sports-related activities, falls, and physical assaults. In the year 2000, traumatic brain injury cost an estimated $60 billion in the United States, totaled in both direct medical fees and indirect costsRead MoreIntroduction Of Traumatic Brain Injury897 Words   |  4 PagesOutline I. The Brain II. Introduction of Traumatic Brain Injury (TBI) a. TBI sustained in combat zones i. Degrees of TBI ii. Causes of TBI while deployed 1. Concussion management iii. Why it is a problem III. Who Should Be Screened And How a. Suspected patients b. Methods of screening i. Rapid field screening ii. Further evaluation IV. Interventions and Treatment a. Deployed interventions i. Medications b. Nursing Interventions i. Manage symptoms ii. Family education. The human brain is a scientificRead MoreBrain Studies on Traumatic Brain Injuries1953 Words   |  8 Pagesfrom a traumatic brain injury. While working at a railroad site, an iron tamping rod (43 inches long, 1.25 diameter) went through his left cheek, through his brain, and out the skull. He surprisingly ended up surviving this traumatic injury. After a month in the hospital, he was back out on the street. Once a nice, caring person, Phineas turned into an aggressive man who could not even keep a job. Just like Phineas Gage, a TBI can potentially change everything. Brain studies on traumatic brain injuriesRead MoreTraumatic Effects Of Traumatic Brain Injury1278 Words   |  6 PagesTraumatic Brain Injury Traumatic Brain Injury (TBI) is one of the most common causes of death and long-term disability in children (Kraus, 1995). It is an acquired brain injury that occurs when a sudden trauma causes damage to the brain (NIH,2016). The symptoms for Traumatic Brain Injury include frequent headaches, lightheadedness and dizziness. An individual may experience having blurred vision tired eyes, and fatigue. Even stressors prior to having an injury can contribute to the result of postRead MoreImaging Of Traumatic Brain Injuries Essay1585 Words   |  7 PagesImaging of Traumatic Brain Injuries: An Investigative Report INTRODUCTION Traumatic brain injuries (TBI) consist of pathological intracranial characteristics of altered brain function cause by an outside force. TBI’s have plagued emergency rooms in recent years. TBI’s are the number one cause for death and disability in American youth and young adults. The drastic increase in TBI prognosis has been credited for reasons such as; increased competitiveness in sports, increased speeds of automobiles

Group Project Academic Insurance Model Free Essays

Each group acts as an insurance company. You are required to offer an insurance policy to our entire current Health Economics class that insures against a student either getting a grade of ‘C’ or lower (including ‘l’ turning into ‘F) or withdrawing from the class towards the end of the semester. If either of those happen to a policy holder, you are required to pay that policy holder. We will write a custom essay sample on Group Project: Academic Insurance Model or any similar topic only for you Order Now You are NOT trying to make a profit, but what is important is that your group try its very best to avoid making a loss. Assume that there are no other costs associated with your business other than paying policy holders who make ‘C’ or less or withdraw. Four different scenarios are offered below. Here’s what you need to tell me for each (l would also like each group to orally present results to rest of class, don’t need any more than 3 minutes): What is the premium that students will have to pay for the policy in this scenario? A brief Justification for the premium (a couple of sentence is good enough. You can give me the math formula you used too – but don’t JUST give me a math formula! ). A final couple of sentence (optional) if you believe that I have given you a situation where it is impossible to avoid making a loss, and why you think that. If you believe this, you may choose not to sell any policies under that scenario. In all cases, there are a total of 30 students who are your potential customers – I. E. Insurance policy buyers. Scenario l: You will be paying students who make ‘C’ or less or withdraw the amount of $5000. I can give you this information – that when I teach the regular Master’s level version of the class, approximately of all students make C or less, Incomplete that becomes F, or withdraw. Also, I will impose an individual mandate on the class, so that once you do offer the policy, every one of the 30 students will be required to buy this policy (but you only want to break even, no profits). What premium will you charge? Please note, in all scenarios you can only hare ONE premium to all customers, no variations allowed. Scenario II: All conditions in the above scenario hold (# of students, what you pay for C or less or withdraw, the individual mandate). However, one more thing is added. Students who get C or less or withdraw can then get tutoring to prepare them for retaking the class later. The tutoring costs $16 an hour, and the insurance policy now also has to pay 50% of each hour of tutoring (I. E. $8 per hour) up to a maximum of 40 hours. This is a new scheme, so I cannot tell you how many students have previously How to cite Group Project: Academic Insurance Model, Papers

Change Management in Organization

Question: Change management in the modern organisation.One of the more recent issues in management is role of change management in organisational effectiveness. You are to undertake a literature review discussing the impact of change management on organisational effectiveness. Answer: Abstract It can be recommended that the compelling control of change is key to any association to live and be productive in the present exceptionally strong and dependably changing business environment. Regardless, thoughts and procedures to change control at present available to instructors and bosses are often inverse, generally missing investigative affirmation and braced by unchallenged theories concerning the qualities of forefront various levelled change control. The explanation behind this substance is, thus, to give a noteworthy appraisal of an allotment of the standard thoughts and frameworks to progressive change control as a crucial introductory move towards building an alternate structure for dealing with change. The substance exhibits with proposals for further research. Introduction Change control has been depicted as the methodology of persistently restoring an affiliation's course, framework, and abilities to give the always showing signs of change needs of inside and outside clients (Moran, 2001). According to (Burnes, 2004), change is an ever-introduce limit of various levelled life, both at a utilitarian and impeccable level. In this way, there should be doubtlessly concerning the significance to any association of its ability to see where it needs to be later on, and how to handle the movements presupposed getting there. Thus, various levelled change can't be divided from legitimate framework, or the other way around (Rieley, 2001). In light of the basics of various levelled change, its control is transforming into an amazingly obliged supervising bent (Senior, 2010). (Graetz, 2000), goes the degree that demonstrating against an establishment of upgrading globalization, deregulation, the fast speed of building, a creating learning labourers, and moving soc ial and business segment styles, few would conflict that the guideline process for control today is the organization of progressive change. Since the necessity for change consistently is unforeseen, it tends to be fragile, broken, extemporaneous and oftentimes established by a situation of definitive issues (Nelson, 2003). Despite the way that the fruitful control of advancement is endorse as a need to live and be capable in today's to an extraordinary degree powerful and dependably modifying environment (Luecke, 2003). (Balogun, 2008), review a falling level measure of around 70% all change ventures started. It may be recommended that this insufficient accomplishment total shows an essential nonappearance of a certified arrangement of how to apply and handle progressive change as what is at present available to instructors and bosses is a blended pack of inverse and convoluted thoughts and systems. Context Due to creating of globalization, improvement advancement, and business combining, change is nowadays transform into a discriminating piece of every association to live in changing business environment. To handle the change, change control is needed in transitioning for both business and individual stage to finish future needed change (Hughes, 2006). Change at business stage is noteworthy to technique which will the big time bearing and activities. In making convincing association strategy, both internal and outside surroundings must be considered. Right when the framework has been changed as acclimating to changing inside and outside surroundings, immaculate change is have to be utilized as a part of progress control to have the ability to conform change to made strategy. As individual change is imperative piece of association change, change control need to be grasped at individual stage to have the ability to begin the change and consequently get productive association change. As change pro expect risk of realizing change, they need to have clear understanding of immaculate change thought including change models, strategies and gadgets to have the ability to execute change legitimately. The essential limits needed for change merchant are sensible capacity for dismembering change circumstances, judgmental and fundamental theory limits for sorting out the circumstances base on criticalness, and execution, interpersonal and affecting limits for applying change to imperative people in the association. Likewise, care is similarly vital for change pro to comprehend the need of advancement from association perspective instead they could call their own specific insight and experience (Balogun, 2008). The early methods and thoughts to legitimate change control proposed that associations couldn't be gainful or enhance capability if they were never stand still. It was endorsed that individuals need workouts to be capable and prepared to enhance capability. Nevertheless, it is right now recommended that it is fundamental to associations that individuals have the limit experience nonstop change. While (Luecke, 2003) exhibits that a state of advancing change can transform into a timetable in its own specific right, (Leifer, 1989) deciphers change as a trademark conventional method reaction to internal and ecological circumstances. The possibility of stakeholder is to support the ideal control inside associations. As to change techniques, stakeholders are both the people who are possessed with determination about change and the people who are affected by the change (Mainardes, 2011). The stakeholders that were involved with the change effort are seen through principles. In the first place, the workers of the association are the interior customers, as the social and particular changes issue them. The application and parts development incited better framework and execution of machine and answers for the affiliation's customers. Second, it is of high giganticness to see the stars that drive the business change. For the circumstances that the article looks at, the major stars were the affiliation's human resources chief who was secured with social changes, ten workers of the IT courses of action division who made the application and portions up-dates possible and two outside masters. Third, attract is the person th at gives the financial recompense to the change meander and impacts deciding (Thornhill, 2000). Rising method to change is started from synchronous in meeting expectations and unforeseen environment without previous deliberately masterminding. It is profitable to association as change can be associated in shorter time period and more fluid in meeting expectations system than made procedure. Contain created strategy needs to be dealt with out different stages and base on gathering execution. Thusly, in condition, for instance, cash related crisis that quick adjustment is needed, emanate procedure is more suitable for applying conform. In any case, for some circumstance, climbing procedure has restriction on useful inconvenience in light of instability of developing segments, unlucky deficiency of control organization and disillusionment of execution from nonappearance of utilization bent. By return, dealt with strategy amasses its impediment on unlucky deficiency of control organization as its control is dead set from beginning to end. While range thought and gathering ascribes used to inspect change, drive and upkeep of open gathering, development examination and three stop arrangements of progress which are unfreezing, learning, and refreezing, collaborate to modify of open gathering direct and make tried and true alter. Organized framework is fitting for association structure change rather than creating system (Chris, 2009). Theory and Analysis With respect to requested by degree there is less mixed up suspicions as there is from every angle some broader contract. According to (Dunphy, 1993), change saw by degree can be separated into four different traits: tweaking, directed modification, flip alteration, and business conformity. Tweaking, generally called simultaneous change, illuminates progressive change as a diligent system to organize the affiliation's framework, frameworks, people and structure. It is ordinarily shown at a retail or divisional level of the association. The inspiration driving tweaking is, according to (Dunphy, 1993), to make agents proposed for the present framework, joining systems and make capable models to grow sum and attentiveness with respect to cost and quality, and improve guidelines, procedures and frameworks. Moreover, the changing should update both individual and social affair duty to the way of fragments and the affiliation's end of the line, elucidate constructed positions, and enhance confide in attested norms, models, and misinterpretations. According to (Senior, 2010), organized change consolidates novel mixtures to organization strategies and progressive frameworks, however does reject incredible change. Confined change will be change seen by genuine changes of one or a couple of sections or territories. Contrary to methodical change this change can be stunning. On the other hand, it concentrates on a bit of an association rather than on the association with everything taken into account. In case the change is broad and organized by stunning assortments in the business framework it is depicted as business adjustment. As demonstrated by (Dunphy, 1993) frameworks of this sort of advancement can be modification, conformity of affiliations styles, cool various levelled objective and key models, and changed power and position. This evaluation has concentrated on insightful works relating particularly to definitive change. There is a wide grouping of work that analyses behavioural change more generally. Then again, it is basic to note a few key parts from that appraisal that are suitable to the issues decided in this report. As an issue of first criticalness, the mixture of behaviour change thoughts set out exhibit that it can be difficult to get people to alter their behaviour even where there are illuminations to do so and even where the change is of reveal purpose of enthusiasm to the single person. While the enthusiastic comprehension gives an astoundingly effective organized structure for knowing why experts may avoid change in case they don't feel the new course of action is sensible, the essential aesthetic manages behavioural change demonstrates that there can be level of potential to adjust to change paying little respect to the way that boss adjust to those issues and workers consider the new retu rn to be a sensible one. Broad behavioural change traces, for instance, (Bagozzi, 2002), demonstrate that there are a blended sack of perspectives that impact the limit of a single person to modify that go past their reliable, careful insights. These embody subliminal wishes and anxieties and moreover changed direct and considering. Also, external surface points, for instance, the level to which a behaviour is socially suitable nearby the level to which someone considers a particular development is possible, will both impact their focus to conform, paying little admiration to their individual sentiments about it. This is because of procedures considering has exhibited that a venture is more than the total of its districts, and that modifying one piece of the framework may not bring about to change in light of the way that diverse regions of the framework are prepared to pass on the whole at the end of the day to its astounding state. This may sound subjective, yet its sensible quality to issues, for instance , being overweight and redoing the wellbeing organization show that it is suitable to any obfuscated association attempting to impact authentic change. At last, it ought to similarly be indicated that there may be to a great degree sensible, yet to an extraordinary degree basic, restrictions, for instance, time and source asks for that avoid behavioural change going on even where all distinctive breaking points have been resolved (Chapman, 2004). Conclusion It is clear from this substance that change is an ever-display part that impacts all affiliations. There is a sensible assertion that the rate of advancement has never been more unmistakable than in the present dependably changing business environment. In this way, the successful control of advancement is an exceedingly obliged aptitude. On the other hand, the control of legitimate change at present tends to be sensitive, uncontrollable and uniquely named with a revealed falling level rate of around 70% of all change ventures started. This may exhibit a crucial nonattendance of a veritable arrangement of how to beneficially apply and handle definitive change since what is at this time open is a blended sack of inverse and befuddled thoughts and systems, which are generally missing sensible confirmation and often concentrated around unchallenged hypotheses regarding the characteristics of present day progressive change control. By offering a discriminating overview of present change control thoughts and frameworks, executing three social occasions of advancement as the central framework, this substance has made a try to emphasize the prerequisite for an alternate and sensible structure for change control. To have the ability to make such a framework it is suggested that further exploratory examination of the characteristics of advancement and how it is reliably dealt with should be performed. Such research would likely see huge achievements components for the control of advancement. The substance in like manner exhibits that systems for processing the achievements of progressive change control should be proposed to have the ability to overview the estimation of any new structures prescribed. Recommendations Illustrating on the poor achievements measure of advancement tasks when all is said in done, the deficiency of investigative examination on change control inside affiliations, and an apparently real inadequacy of a veritable structure for definitive change control, it is endorsed that further examination into the method for advancement control is driven. The introductory stage in this technique should be to do exploratory examination to have the ability to fabricate the learning of various levelled change control. Such examination should grant an identification of essential achievements plots for the control of advancement. Also, to have the ability to construct a bona fide structure for change control it is likely critical to allow estimation of the achievements measure of advancement exercises. Systems for estimations should, thusly, be illustrated. In present changing business environment decided from an extent of perspectives, there are diverse procedures and instruments use to m anage changes. Due to differing internal and external circumstances, each affiliation needs to consider and look at their own particular surroundings to have the ability to get the most legitimate approach and instrument to execute change adequately. References Bagozzi, R. G.-C. Z. P. J., 2002. The Social Psychology of Consumer Behaviour, Buckingham: Open University Press. Balogun, J. H. H. V., 2008. Exploring Strategic Change. 3rd ed. London: Prentice Hall. Burnes, B., 2004. Managing Change: A Strategic Approach to Organisational Dynamics. 4th ed. Harlow: Prentice Hall. Chapman, J., 2004. Systems Failure. 2nd ed. London: Demos. Chris, R., 2009. Working with Emergent Change in Organisations. Dunphy, D. S. D., 1993. The strategic management of corporate change. Human Relations, 46(8), pp. 905-918. Graetz, F., 2000. Strategic change leadership. Management Decision, 38(8), pp. 550-562. Hughes, M., 2006. Change Management: A critical perspective, London: Chartered Institute of Personnel and Development. Leifer, R., 1989. Understanding organizational transformation using a dissipative structural model. Human Relations, 42(10), pp. 899-916. Luecke, R., 2003. Managing Change and Transition, Boston, MA: Harvard Business School Press. Mainardes, E. A. H. R. M., 2011. Stakeholder theory: issues to resolve. Management Decision, 49(2), pp. 226-252. Moran, J. W. B. B. K., 2001. Leading organizational change. Career Development International, 6(2), pp. 111-118. Nelson, L., 2003. A case study in organizational change: implications for theory. The Learning Organization, 10(1), pp. 18-30. Rieley, J. B. C. I., 2001. The impact of change on performance. Journal of Change Management, 2(2), pp. 160-172. Senior, B., 2010. Organisational Change. 4th ed. London: Prentice Hall. Thornhill, A. L. P. M. M. S. M., 2000. A Human Resource Strategy Approach: Managing Change, England: Pearson Education Limited.

Fredrick Engels Economics

Fredrick Engels tried to understand society at a time when Europe was embracing capitalism. The period was characterized by industrial development and private ownership of property. Modern technology contributed to modernization of production.Advertising We will write a custom essay sample on Fredrick Engels: Economics specifically for you for only $16.05 $11/page Learn More The society had to change from previous modes such as feudalism to capitalism. Many scholars gave their views as regards to economic organization. Engels had his own views that were purely socialist in nature. According to Engels, resources should be controlled by society not individuals. In society, the owners of the means of production own everything whereas the proletariat owns nothing. The workers produce goods that they do not consume mainly because of high prices. Goods and services are extremely expensive for the working class since they are paid little. Pauperization finds it s way to society because people cannot meet their needs. Political leaders take advantage of the prevailing conditions to buy votes from workers. Workers have nothing to offer in society apart from cheap labor (Engels 87). This paper analyzes how Engels viewed society and how he wanted the society to be. The paper addresses four major issues that are of concern to the working class. These include exploitation, alienation, subjugation and domination. Engels observed that economic organization was the central aspect of society. This means that the means of production such as tools, raw materials and skills are very important as compared to other values. Economics controls all forms of human life including social, political and cultural life. He referred to economics as the base meaning the foundation upon which other structures are developed. The superstructure such as ideas, culture, politics, education system and religion is controlled by economics. The rich persons use their wealth to acquire education and political power. Workers are perpetually pushed to the periphery if not subjugated. Workers exist only at the mercy of the ruling class.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More In other words, life is completely dependent on production and distribution of goods. Engels focuses more on materialistic interpretation of human history. He criticizes the existing social arrangement that is based on material resources. He correctly observes that the central institution of capitalistic society is private ownership of property. It is true that societal resources are controlled by the few in the capitalistic society. Goods are produced for the market not for domestic or communal consumption. Therefore, the major aim of the owners of the means of production is profit maximization. In this regard, they use all available means to accumulate resources. Engels observed that t he owners of the means of production bribe voters to acquire state power. State machinery is employed to suppress any efforts of liberation. Police officers are used to prevent workers from exercising their democratic right of demonstration. The labor unions are influenced by labor ministries to accept biased labor laws. The learned members of society and religious leaders are also influenced by bourgeoisies to pacify the population. Intellectuals rationalize, legitimize and justify the existing social order, which is distorted in real sense. Religious leaders quote some specific verses of holy books to prove to the proletariat that everything is okay. Verses such as ‘be contended with your lot’ encourage the working class to work hard. Societal institutions such as the media are also objects that exist to serve the interests of the bourgeoisies (Engels 97). The owners of the means of production use the media to spread their ideology and propaganda. Furthermore, the med ia is used to market products that only benefit the bourgeoisie. Engels used the idea of dialectics to show how change would occur. Change would occur in form of a revolution. The existing social order, which he terms as thesis will generate its anti-thesis. From the struggle, a qualitative and a more appealing social order would emerge called synthesis.Advertising We will write a custom essay sample on Fredrick Engels: Economics specifically for you for only $16.05 $11/page Learn More Engels perceived the synthesis as being people oriented. The state would be forced to serve the interests of the majority. This is what other scholars refer to as social democracy or socialism. Resources would be distributed equality among members of society. However, he cautions that the bourgeoisie will not sit back and watch the proletariat take over state power. The owners of the means of production would use all available resources and techniques to maintain status q uo. Through this, many will lose their lives. According to Engels, nothing would overthrow the rule of minority other than a revolution. Some workers will be bribed to betray their fellow proletariat but workers will identify such tricks and move on with their plans. Engels continues to give his views by noting that profits would fall among capitalists mainly because of competition. At the same time, workers would gain consciousness and demand for their labor rights. Capitalists will resort to using technology because it is easy to control. Workers would then wage a war due to unemployment and hard economic life. This is how a socialist revolution will take place. In other words, Engels appreciates the relationship between the worker and the bourgeoisie. It is a complex relationship (Engels 101). Workers need employment whereas the bourgeoisie needs labor. In conclusion, workers cannot exist without the presence of the bourgeoisie. The employers try to eliminate workers from the pro duction process by resorting technology. Domination, exploitation, alienation and subjugation have reached climax in the 21st century. Each company produces goods for the market. Workers are expected to work like machines implying that Engels postulations are accurate. There is no time for leisure and social recreation in the modern world. The worker is only given some time to carry out animal related activities such as eating, sleeping and procreating.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Works Cited Engels, Fredrick. Condition of the Working Class in England. London: Penguin Classics, 1987. This essay on Fredrick Engels: Economics was written and submitted by user Haiden Y. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. 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ACT Test Security Protocols What to Expect

ACT Test Security Protocols What to Expect SAT / ACT Prep Online Guides and Tips Standardized test materials must be kept under lock and key to ensure fairness and scoring accuracy during each administration. The ACT is no exception to this rule, and ACT Inc. has many regulations in place to prevent the distribution of confidential test questions to the public. In this article, I'll go through all of theACT test security rules, what security breaches have occurred in recent years, and what this means for students in general. Why Is ACT Test Security a Concern? It’s extremely important for ACT Inc. to ensure that the test materials are secure before, during and after each administration.In the event that someone acquires test materials before the exam, the integrity of that whole administration of the test is compromised.Students with prior knowledge of the test will earn artificially high scores and skew the curve, putting other students who didn’t cheat at a significant disadvantage.Breaches in test security also undermine the credibility of the testing organization and the validity of the test as a measure of academic ability. How Does ACT Inc. Ensure Test Security? There are a few ways in which ACT Inc. guards the integrity of exam materials. These regulations come into play before, during, and after each examination period. Security of Test Materials Before the Exam Access to test materials before test day is restricted to test coordinators who work for ACT Inc.School staff may assist in organizing the materials, but only if the test coordinator is also present and the staff member doesn’t have any relatives who will be testing during this administration.Anyone who assists with the test materials must be identified on the ACT State and District Testing Staff List.Anyone who may potentially take the ACT within the next 12 months is prohibited from gaining access to the test materials.Test materials can’t be transferred to or from another location without prior authorization by ACT Inc. Test coordinators are responsible for all testing materials from start to finish to prevent tampering by anyone at individual schools.The test coordinator checks all the packages of test booklets upon receipt at each school to ensure that none have been tampered with.The materials are also counted to ensure that there are no missing booklets or booklets with broken seals.The seals on all test booklets must remain intact until the examinee breaks them on test day.The carton of test booklets is then resealed by the test coordinator, locked away in a secure area, and only brought back out on the morning of the test. Test Center Conduct Test coordinators from ACT Inc. must hand the booklets directly to proctors on test day.Booklets are re-counted every time they change hands to make sure the number of booklets stays the same and the serial numbers are correct.Completed exams go directly back into the hands of the test coordinator and are stored in a secure area. Testing rooms are never left unattended even if there is only one student in the room, and students are prohibited from viewing sections of the test ahead of time or turning back to sections after time has already been called.No electronic devices that might be used to document the test content in any way are permitted in the testing room.Devices like smartphones should be turned off and stowed away under your desk/in your bag throughout the exam. Don't risk leaving your phone on. If it starts ringing in the middle of the test, you'll most likely be dismissed and have your scores canceled. Farewell, sweet prince (for a couple of hours, then it's back to checking my email every ten seconds). Recent Breaches in ACT Test Security In August of 2016, the ACT laid off its head of test security in response to a huge security breach that occurred on the last administration of the test.During the June 2016 administration of the test, the ACT canceled all sittings in Hong Kong and South Korea because of leaked test materials.The ACT plans to audit nearly 200 education centers after widespread cheating was discovered in ACT-owned college-prep programs for international students.Test prep companies in China and South Korea have also been administering the ACT to students, a practice which is prohibited by ACT Inc due to the obvious conflict of interests. There have been reports of widespread cheating in the ACT-owned Global Assessment Certificate program or GAC, which operates countries and has over 5,000 students and 197 centers (most of which are located in mainland China).Some students have reported that they were allowed to practice with materials that later showed up on the real exam.There have also been issues with test prep companies, particularly in East Asia, taking advantage of the ACT’s practice of reusing questions by harvesting questions from past exams so that students can practice with materials they may see on the test. ACT Inc. has plans to introduce a computerized version of the ACT for international students in 2017 to reduce the risk of materials being leaked ahead of time to students. The next step in ACT technology: Robotic test proctors with impossibly chiseled abs. What Do ACT Test Security Rules Mean for Students? It’s important to understand the consequences of sharing confidential test information, whether it happens before or after you take the test.Though tracing test security leaks is very difficult, their impact on you, the other students taking the test, and the integrity of the whole system is extremely negative. If test materials are leaked, lots of scores may be canceled, even those of students who never consulted the materials beforehand.Also, ACT Inc. won’t be able to use the questions they created ever again after they’ve been compromised.If test leaks occur and are not discovered, students will earn artificially high scores, skewing the curve lower for everyone else.Basically, if you hear about any test leaks, it’s in your best interests to report them to ACT Inc. and not to participate in the cheating. On test day, make sure you have a valid photo ID and your admission ticket with you so you can verify your identity. Bring a calculator that has been approved for use on the test. When you're taking the test, don't try to skip ahead to a section that hasn't started yet or go back to a section that has already passed. Don't discuss questions with other students during breaks, and keep your smartphone turned off and stowed away in your bag at all times. Violations of this kind could result in your scores being canceled! Also, don’t try to recreate test questions after you take the exam (this is something people have done on College Confidential fairly frequently).There’s a reason the ACT asks you not to talk about the specific materials you saw on the test. Sometimes those materials will be reused on future exams or slightly later international test dates.I know it’s hard not to talk about questions after the test, but you really shouldn't post them in online forums where people who haven’t taken the ACT yet might take advantage of them. Don't yell out the answers to ACT questions in the middle of the ruins of the Roman forum either. You never know who's listening. Although if they do listen to you for more than a couple seconds they're probably not of sound enough mind to do anything with what they hear. Summary: What You Need to Know About ACT TestSecurity ACT Inc. takes test security very seriously. If the questions are compromised, they can no longer be used, and many students' scores may become invalid. Many regulations are put in place to prevent question leaks both before and after each test is administered, but sometimes things still slip through the cracks. There have been several instances of question leaks and related cheating scandals just within the past few years. As a student, it's in your best interests to keep the questions confidential after the test and to report any signs of cheating. Test security violations don't just help the people who have advance knowledge - they actively hurt everyone else who takes the test fairly. What's Next? Check out this article for more details on the rules and regulations that inform test day procedure (and how to make sure you don't violate them). What exactly can you expect when you get to the test center? Read this guide to ACT test day so you can feel comfortable going into the experience. It's important to say something if your proctor makes a mistake or the test center environment is too distracting. Learn when and how to speak up in these situations. Want to improve your ACT score by 4+ points? Download our free guide to the top 5 strategies you need in your prep to improve your ACT score dramatically.

List and dene the six ethical principles discussed in your text Essay

List and dene the six ethical principles discussed in your text - Essay Example Most determining factors would be specific to the particular ethical dilemma at hand. Along with the particular details of the problem, IS managers can peruse some time-tested, universal ethical principles in arriving at their decisions. The first one is â€Å"Do unto others as you would have them do unto you†, which is an old proverb with Christian associations. (Laudon & Laudon, p.419) Putting oneself in the shoes of other parties and applying same standards of judgment are the basis of this principle. The second one is the application of Categorical Imperatives – a concept first articulated by philosopher Immanuel Kant. According to this principle, in order for a community or group to maintain its cohesion, there are actions that are forbidden to all members of it, irrespective of circumstances and other conditions. Similarly, certain responsibilities are to be fulfilled by all members without exceptions. And Information Managers should see to it that they do not bre ach such categorical imperatives. Rene Descartes’ Rule of Change is another useful guideline for IS managers to follow. It says that â€Å"if an action cannot be taken repeatedly, it is not right to take at all†.

Service quality of Fine Dining Restaurant Essay

Service quality of Fine Dining Restaurant - Essay Example From the collected data, it was evident that the main factors considered by the customers in terms of service quality revolved around four subjects. These areas of concern are the physical appearance of the place, the kind of food offered, the variety of foods in the menu, the type of service provided by the staff, and the pricing of the food. Most of the respondents found something positive about the physical appearance, considering it was a fine dining restaurant. On the other hand, the service of the staff and the quality of the food served received a lot of criticism from the customers as they did not meet their expectations. As such, appropriate recommendations were made at the end of the research that would assist the restaurant in meeting customer expectations and retaining its economic competitiveness. A lot of research has been carried out in the field of hospitality (Lane, 2014). According to Rush (2008), it has been noted that many industry players are no longer concentrating on the speed at which they expand their hospitality companies and businesses, but at the rate at which they meet customer expectations. There has been a great need for maintaining customers in restaurants following the rapid increase of fine dining restaurants, and the key winner is the level of service quality. It is important to identify the fact that customers’ perception of the service quality of a business determines the level to which they are satisfied. Therefore, a business should be careful in setting the customer perceptions as they affect their expectations. The level to which these expectations are met determines the service quality of a place through either satisfaction or dissatisfaction of a customer. These two states are quantified from the experience of a client in the business through incidents that they undergo (Ford, Sturman, & Heaton, 2012). The critical incidents technique is used to identify these experiences for individual customers. It is

Individual Reflection Report On A Business Plan Education Essay

Individual Reflection Report On A Business Plan Education Essay Terms of Reference This report has been prepared as a reflective work of my groups business plan for MBA course. The purpose of this reflection sheet is to redirect how I and my team mates worked while undertaking the project. The point of writing this report is to include my thoughts and reactions to the experience. The reflective journal is a personal record of my learning experiences (White, 2005). I have been asked by university management to write an individual reflective journal on business plan that should consist of my critical way of thinking in an analytical way. It has been written to reflect on my work which will allow the readers to understand my achievement being a member of a team and my role as a researcher, analyser, critical thinker, reporter and presenter (White, 2005). I tried to be as specific as possible as this journal is a persuasive essay arguing on behalf of myself. It includes where my inspiration comes from, how I made use of my ideas to develop my work and my awareness of t he context in which I work. This reflective journal is an individual report that has described my work based on the business plan that I have participated in. I was chosen to work in a team of five members to build a business plan regarding launching a business in Cardiff. My team members for this assignment were Archana Ashu, Gagan Deep Singh, Nadeem Khan and Rachit Ajmera. The business plan that we have worked together, is regarding launching a multiplex cinema in Cardiff. This business plan provides a 3 year operating plan for a Multiplex cinema with a start-up capital of  £5 million. In this report we highlighted and analysed all the factors essential for a start-up. We considered market analysis, market strategy and costing, staffing and resourcing, and financial projections for the first 3 years of the business. In this reflective journal I have described objectively what happened, I tried to Interpret the events explaining what I saw and heard, my insights, my connections w ith other learning, my hypotheses and my conclusions. I also evaluated the effectiveness and efficiency of what was observed. In this journal, I have described how I tackled team issues, interpreted my role as a team member, what did I learn being a team member and How I approached challenges. Other than problem solving I have recorded and mentioned knowledge and understanding of relevant theories, synthesis of what would I do differently next time reflecting on how the workshops/meetings helped develop my study? I have been asked to reflect an analysis, taking into account aspects of my strategy formulation and explaining how I built upon and applied knowledge from taught modules. I have made sure that structure of work follows all the section headings and recognises marking scheme, language is concise and this journal is presented according to school guidelines. Problem solving I was chosen to work in a team of five members to build a business plan regarding launching a business in Cardiff. My team members for this assignment were Archana Ashu, Gagan Deep Singh, Nadeem Khan and Rachit Ajmera. Although I wanted to be in a team of my close friends, the administration allocated teams randomly and put me in a group of five students. Luckily I already had close friendship with one member and I knew one other as he was in a same study group as mine. Initially I had objections with the supervisors decision of allocation but gradually as I started to know my team members, this opposition faded away. I felt friendly and enthusiastic being in this team. Being students from different backgrounds and societies naturally raised some problems for us but we managed to solve all the issues quite amicably (Gillie, 2010). All the disagreements were resolved and we worked together harmoniously. As a contemporary management student, I understood the capability of a team is gre ater than the collective abilities of the individuals within it. As soon as I was consigned in a team, I called everyone for a meeting to know each other and discuss task in hand. For me, doing the work in a friendly environment and more casually could make the task easier. Rest of the team members did not agree and had some reservations but I motivated them and persuaded them to follow my arrangement. In the meetings, plan was discussed and ideas were revolved (Gillie, 2010). I also put forward my thoughts and plans. After careful planning, thorough discussion and constructive arguments I made them agree on the topic. We defined our roles according to our strengths in subject areas and tasks were assigned to each member. My team set its standards of ethics and behaviours to achieve positive synergy and to create effective environment (Levin, 2008). All team members were highly committed and motivated. My strong area was marketing, hence id been assigned with collecting, analysing a nd evaluating marketing aspects of the business plan. I also convinced them to work closely and stay in constant contact. Although we had to work individually on our tasks but I collaborated to help others in their work and vice versa (Levin, 2008). Apart from problems mentioned above, I and other team members faced some other problems such as lack of knowledge of how to conduct the study, inexperience of research process, lack of critical analysis during research process, less research was done on every individuals part and there were critical judgements on each others work, no involvement of critical thinking which made our presentation look descriptive, and inconsistent decision making. All these problems were solved jointly (Gillie, 2010). I have learnt that team is more successful when members within it are able to create synergy. Since our goals, objectives, tasks, and priorities were larger than any individual, teamwork was required. When team members know how to be more effective together, synergy happens and greater organizational success is achieved. I have also understood the importance of teamwork (Sugars, 2005). I considered every member of my team as important as each person brought unique skills, knowledge, and experience. Team members also brought energy, drive, passion, and determination. Since not everyone brings different amounts of all of these things, team members needed each other. Increasing the strength of each team member produced greater team success and results. I along with my team members approached all the issues quite confidently as I knew our collective strengths could tackle any problem we face (Glover, 2009). Knowledge and Understanding By conducting a research as a team, I felt that there is no doubt team theory is relevant in practice. I was confident to relate the research and the theory I have studied during my MBA course (Sugars, 2005). Previous experience in management field also came handy. The most important thing I have gained knowledge of is the effectively working in a team. In the later stages of the project, coordination among team members increased considerably. This helped in improving and polishing our communication skills. We learned that everyone can do their own part to work towards a common goal and that there doesnt need to be just one distinct leader (Glover, 2009). Although different tasks were assigned to team members, I remained in constant contact with every member and consulted on every possible occasion. This also helped me learn and understand their approach as well (Glover, 2009). As an individual, working on a business plan has helped me to understand how to make an official report. It assisted me in research methodology, how to check different sources and how to carry out research. The proposed business plan was solely concentrated on market penetration and market acquisition with its customer service, facilities, ambience, and projection technology and above all, operational benefits (Sugars, 2005). Beside this, I managed to learn different marketing techniques and got a practical experience of how to apply marketing models and theories. I considered myself an important member of a team in formulating strategy and objectives to achieve this strategy. The main purpose of conducting a market research was to identify and establish potent ial market and also to get the reliable data for product. I have learned to analyse the market and potential customers before entering the market. I understood the market analysis for business is to check the feasibility and the absorbance of product in the market and to understand the trends and behaviour of the consumers in market and to apply strategies accordingly (Dyer, 2007). All this provided crucial and reliable information. I studied to carry out market analysis; learned about market size and forecast; its share, trends and behaviour. I also assessed competitors and their strategies, targeted market segments, analysed our business core competencies and critical success factors; marketing and costing strategies. This business plan also assisted me in projecting financial position and reports along with knowledge of staffing and resourcing for business (Sugars, 2007). Synthesis Although all team members planned the business plan and divided the tasks according to their strengths but we still faced some problems. I would like to change my approach a little next time I involve myself in this type of activity. I would definitely focus on time management and motivation issues (Dyers, 2007). Others areas need to be improved are analytical skills and market assessments. The area of critics of team needs some perfection as well. Every members presentation skills were weak that resulted in lower marks. The report looked descriptive and team members just read that in the presentation meeting. Experience gained from this project will definitely help to improve the above mentioned areas in the future (Saunders et al. 2009). There are a lot of aspects and factors that helped me develop my understanding and improve my knowledge. Workshops and lectures taught me how to carry out a research in desired fields, what method to select and what approach to take. Meetings provided facilitation in problem solving and strategic planning. These also helped me in decision making and working in a team (White, 2005). Analysis and Evaluation As a student studying MBA course from a renowned university, I was expected to apply critical thinking and analyse the business plan. The modules that I have studied during my lectures helped me apply marketing tools and techniques to my research. I learned how to apply theory into practice. This was a new idea to me but I was successful in interpreting this. This helped me gained both theoretical and practical knowledge. I applied knowledge from the books and journals to formulate the strategic plan, mission and vision of the company that I was working on. I applied different models successfully such as McKenzie 7s model, Porters generic strategies, Ansoffs growth model, IR model, Porters five forces model and some others (Kotler. 2010). The knowledge from the lectures helped me how to search different sources which was useful in strategy formulation. Overall the use of theoretical knowledge in practical situation helped me understand the business plan. I used the theories to advanc e my understanding of the business plan. The practical experience was built upon the theoretical knowledge (Saunders et al. 2009). Theory asked me how to conduct a research; based on this I practically collected data and information for analysis. Theory taught me how to calculate; I practically used this knowledge to formulate a financial projection; Theory explained how to apply different models; I managed to use these theories according to my situation and constructed a whole report. I practically worked in human resource filed to staff and resource my business. Having completed this project, I have learned how to better argue a point in discussion. Using facts and example, my arguments have become much better (Sugars, 2005). The project taught me and my team members to be good team members, cooperative and helpful. I felt a change as my researching skills increased considerably. I can better understand the topic and use a variety of sources for search purposes which will help me a lot in future research process. I can create a conclusive argument that can set a tone of the entire project. Using latest techniques of researching and arguing, my paper will seem clearer and my arguments more apparent (Bryman and Bell, 2007). I have also updated my accounting knowledge by working on new accounting principles. I was responsible for quite of lot of report writing. It was good for me to get practice at writing, at proof reading, editing, etc. I did have a sense of achievement when a report was finished. And finally my computer skills have also impr oved from writing reports and through having 24-hour access to the computer. These skills are not great, but in comparison to my own skills before working on this project they have progressed well. I personally feel that business plan is viable as it helps us understand not just to apply critical thinking and analyse the information but to use the theory into practice. This is what I think MBA requires. It helps the students getting management experience and applying what they have learnt in their lectures and workshops.

Restaurant Business Plan

Confidentiality Agreement The undersigned reader acknowledges that the information provided in this business plan is confidential; therefore, the reader agrees not to disclose it without the express written permission of . It is acknowledged by the reader that information to be furnished in this business plan is in all respects confidential in nature, other than information that is in the public domain through other means, and that any disclosure or use of this confidential information by the reader may cause serious harm or damage to .Upon request, this document is to be immediately returned to >. Signature: Name: Amanda Walsh David Cagney Date This is a business plan. It does not imply offering of securities. (1) Executive Summary The Grab: Do you want to expand your horizons when it comes to good quality Italian cuisine? The Taster offers you the opportunity to sample food before ordering off the menu free of charge. They recognized that people stick to their comfort zone when it comes to ordering food in restaurants and wanted to change this by letting the customers excite their taste buds.The Problem: A problem the restaurant is preparing to face is to distinguish between serious customers who have an interest in trying new cuisines and customers who come into the restaurant and take advantage of the service in a negative way and don’t appreciate the offer that is provided. This problem could have serious repercussions and affect the profit of the business significantly and therefore must be controlled. The Solution: The solve this issue the staff have to monitor the customers closely, allowing customers limited samples of the food to ensure they don’t fill up on free samples and leave.The chef’s responsibility is to ensure each customer only receives a bite size amount of the food, over indulging the customers will eat into the profits and defeat the purpose of the service provided. The Opportunity: It can be rather challenging to tar get different market segments simultaneously but at The Taster restaurant we are planning on catering to a wide customer base. We segmented the market according to Geographic, Demographic and Psychographic.Our market size is relatively small in comparison to world wide international restaurant chains for example the Hard Rock cafà © however we do have the potential to grow in the market and expand our business in Ireland and possibly the United Kingdom. Your Competitive Advantage: Currently there are six other restaurants in the area and it puts the Taster in direct competition with Casa Pasta & Pizza. The menus that the two restaurants offer are very similar as they are both Italian cuisines however the taster has an advantage over them as they have a potential unique selling point of sampling the food as mentioned above.The Model: The Taster aim to generate revenue from their target market by creating a ground-breaking, unique restaurant with a relaxed sophisticated atmosphere th at will clearly differentiate the restaurant from others. The main goal is to use nothing but high quality fresh Italian ingredients and to approach each customer with the highest standard of service imaginable all of the time with none expectations what so ever. This makes the restaurant scalable as it has the potential to generate growth in the revenues considerably faster than its cost base.The Team: The team at The Taster have the ability to achieve all the goals and succeed in the business and it grows and becomes more successful. When hiring staff for the restaurant only qualified, trained and experienced people will be made part of the team. Highly motivated and enthusiastic people will be favoured. Additional training will be provided as the restaurant wants the highest level of customer service and for customers needs to be dealt with before the customer even anticipates them to allow them to have an incredible dining experience.Financials: Our financial projections for the first five years are as follows. The key driver to succeed is that the company needs to successfully operate through the first year in order to provide adequate cash flow to be self-sufficient in year two. The Ask: The initial financing available to the company in addition to the capital contributions from the owners, will allow The Taster to successfully open and maintain operations for the initial five years of business and offer the customers in the Donnybrook area a unique dining experience.Start-up costs and initial financing are as follows. Jane Ericson will be investing $20,000 of savings and guaranteeing a loan for another $30,000 with personal assets. In addition, the business will receive an interest-free loan from a family member of $10,000, to be repaid within the first year. (figures to be changed) (2) Team and company The Taster was founded in 2011 by Amanda Walsh and David Cagney who are the two joint investors in the project. They created Italian restaurant that off ers customers fresh homemade Italian food at a reasonable price.There is also the opportunity for the customer to taste a bite sized amount of the food if they are unsure before ordering. They will offer a few different types of menus depending on the day of the week and time of day including lunch and early bird menus during the week and set menus and lunch menus at the weekend. The Taster will be open seven days a week, serving lunch and early bird menus Monday till Thursday and set menus and al la carte menus Friday till Sunday. What relevant experience has the team got? David Cagney has been working as a bar man for the past two years in the Aviva Stadium.He has recently graduated from the Aviva Academy which was a significant achievement as he was picked from a group of one hundred applicants out of two hundred. David has also worked as a part-time waiter in Foleys Bar, near Stephens Green and in Graingers along the Malahide road. Amanda has over two years’ experience as a chef and a waitress for the Bad Ass Cafà © in Temple Bar. As we have both have experience in the hospitality industry, their skills complement each other which makes it easier to occasionally share ideas and views on how to take their business proposition to the next level.What are the gaps in the team? Both members of the team are very weak when it comes to the financial aspects of setting up a business. They contracted professional accounts to help with this aspect of the business as it is a very important. The businesses needed someone to draw up a cash flow, profit and loss account and a balance sheet for their financial projections. Has the team worked successfully in the past? The team have not worked with each other in the past, except for the development of their feasibility study.Despite the fact that they have never worked with each other they are making significant progress and working alongside each other throughout the project. Are they well known in the industry? T he team are currently not well known in the industry as they have never worked with each other in order to make a name for themselves. They are confident that their ideas will satisfy customers’ expectations and will make their dining experience a pleasant one, one which they will want to go back and tell all their friends and family about. Who has the experience with solving this customer problem?The team will only gain this experience by actually going out and setting up the business, with the skills they have picked whilst working in the hospitality sector. Who has experience selling competitive offerings to this market? Both Amanda and David have limited experience on how to sell competitive offerings, although they have some knowledge in relation pricing strategies from their marketing studies.They believe that how they’ll price their menus as opposed to other Italian restaurants in the market i. e. , Casa Pasta and Pizza, will be vital in the early stages of thei r launch. 3) Product and market The opportunity problem: Value proposition: The Taster restaurant satisfies the customers’ needs of eating out and gives them the knowledge they need behind them when ordering food. Waiters can be very vague when describing the taste of the dishes that customers are curious about and a lot of times have never tasted the foods themselves. The Tasters gives the diners an opportunity to try the foods so they can have their own opinion and peace of mind when a ordering a new dish or something a bit different, so they know exactly what they are getting.This business goal could generate potential customers in the long run through word of mouth and effective advertising as it has many benefits to the customer. It allows customers to try new foods and avoids them been left with a full meal they won’t enjoy which saves them money on wasted food. The customer: The Taster has created a market for several different categories of customers. The indiv idual people that go for lunch or dinner by themselves usually during or after office hours. Families and friends who dine together for lunch or dinner usually on a Sunday, they intend to make Sundays a very family orientated day.Couples usually go out on a Friday or Saturday night for a romantic meal. To encourage as many couples as possible they plan on having a set menu for two people including a bottle of wine. And finally People on a budget, they took into consideration the recession and that a lot of people are on a budget now so they created an early bird menu from Monday to Thursday to cater for these people on a low budget and hopefully fill the restaurant during the week on nights that it wouldn’t necessarily be busy .The Market: The Taster is faced with the exciting opportunity of being the first restaurant to be able to sample the food before ordering. This concept puts them in a great place in the market and gives them the potential to become a huge success. Ther e isn’t a huge market as we can only reach a percentage of the country but there is huge potential for the market to grow at a steady pace as the restaurants expand, every five years if all goes to plan. There is no shortage of restaurants in the Dublin four area, which puts The Taster in a competitive market.According to Porter’s five force model The Taster is structurally attractively as they have an advantage over their rivals in relation to changing price with their set menus and the fact they can differentiate their product from others in the market with similar establishments. Market size: Market context: Here is the pest analysis for The Taster restaurant. All of these factors are inevitable and cannot be changed by the restaurant * The political factors include Government regulations for food preparation has been put to place to ensure the safety of customers in the restaurants.Food safety authority of Ireland has put a procedure called HACCP into place to regu late this. The government have full control over tax and vat rates. For the initial set up of the restaurant high interest rates might discourage us from borrowing money from a financial institution because it costs so much to borrow. * Economic factors are Inflation, which will increase the amount of wages for employees and automatically increase the business expenses as wages is one the highest expenses in a business. Eating ut in restaurants isn’t an essential it’s a luxury that many people in this economic climate cannot avail of as they have lack of disposable income. * Social factors include the huge increase in health awareness and people concern more about their diet and lifestyle.The Taster took this into consideration when creating their menu and included many healthy options to choice from. Over the past few years the media have put a lot of attention on healthy living and healthy life styles. The chefs had to take this into account when we are preparing the food in the kitchen.A lot of woman are now working full and part time and not staying at home so there is a huge decrease in the amount of people cooking at home as it is more convenient to eat out and get take- aways. * Technological factors in the restaurant have made significant changes for example when an employee puts a customer’s order into the till the order is sent directly to the kitchen so it saves time. The process of ordering food is made simply and efficient as the chefs can make food orders online. This allows them to order exact quantities of food at any given stage during the day even on weekends.Handheld computer devises also allows staff members to take orders quicker and not have to write it down, not only does this save on paper it also like the till sends orders directly to kitchen. Competitive positioning and advantage: The Taster’s positioning in the market will generate sales against the competition and give them a competitive edge over the oth er establishments. By offering the consumers a unique product, along with outstanding service, The Taster will stand out in comparison to the competition which is an attractive prospect for potential investors to the restaurant.Currently there are six other restaurants in the area and we are in direct competition with Casa Pasta & Pizza. They also have lunch specials and early bird menus to attract customers. The foods we are providing are very similar because they are both Italian so we have obvious similarities in the menus. The competitors will respond to a new restaurant opening in the market by been even more competitive with prices, quality and the service. They have an advantage over the direct competition that competes with what they are offering as they have a unique set up in the restaurant as it provides customers with samples of the food.They also have the advantage that they have a variety of food menus on offer to compete in the recession and cater for most people†™s budgets. The one disadvantage that The Taster has over the competition is that the other restaurants are well known and well established in the market place and have a regular customer base. Competitive Advantage: As mentioned above The Taster intends on competing with the competition by been unique, competitively priced, produce dishes from the finest freshest ingredients and serve the dishes with the highest standard of quality. Risk Factors: Risk| Comment/mitigation|What if there are customers that come in and try our food and samples and walk out? | We will not only rethink the way we produce our cuisine, but we will also rethink how we make our dining service more attractive. | What if a lot of disinterested passers are attracted by the offer and will go in and take the food samples and are generally being very messy? | They will have to look into hiring security in order to manage any antics that might occur from the disinterested people. | How will the restaurant fair wi th the Italian restaurant across the road and the ones in town?This risk is somehow too vague to consider quite just yet, although it will turn into a concern later on. | What will happen if the restaurant can’t manage to balance revenue from our expenses? | This is a possible problem that may occur in the early stages of the business if they don’t manage their expenses well. | What will happen if the main suppliers go out of business for whatever reasons? | They will have to figure out a way of contracting a back-up supplier in the likely event of something as unfortunate ever happening. | Exit StrategyThe Exit Strategy is one of the most important parts in the business. The company needs to ensure that the exit of the company and handing it over to another investor is successful. A plan has to be put into place to make the transition successful according to the company’s circumstances and any requirements that an individual shareholders of the company may have . Assuming The Taster turns into a successful business they intend on selling all of their assets and dividing the finance accumulated among the shareholders in proportion with the money they initially invested into the company.They are assuming they won’t be in debt and each shareholder receives a desirable profit from the business venture. The Taster exit strategy could be due to the liquidation of the company, the sale of the company or the strategic alliance with a partnering company. Although they are assuming they will be success they have to discuss all possibilities and outcomes with the investors to show them what will happen in the worst case scenario and inform them of all risks that are attached. The investors will review all risks and rewards and make a final decision if they want to invest into the company.

Purpose of Education Essay

Education Education is very important in life today to become successful. There are many necessary basic principles and things that a person will learn in school. One of these basic and most fundamental things is to read and write. Reading and writing is so important in life because it is hard to communicate and follow the rules of society without being able to or knowing how to do it. Many signs and rules are written out and if you can’t read you will be lost and unable to follow the rules. There is definitely more than one purpose of education. The purposes of education are to make an individual aware, to earn money, and to develop social skills. An individual learns many of the basic things about life in school. â€Å"The fundamentals of science and math, which one acquires during school, are pillars on which his understanding of life is based† (Oak). Basic addition and learning about the world in which we live is done in school. We become aware of the world and learn why certain things are the way they are. â€Å"It’s through education that you learned about yourself and the world around you. That’s the basic purpose of education – to make an individual aware.† (Oak). You learn about your body parts, why they are there, and what they do, in school. Even though these things might be simple, they are mostly learned in school. School is where people interact constantly and develop strong relationships. â€Å"Education helps an individual acquire social skills, which enable him to interact with people around, maintain social relations and blend well with others in society† (Oak). These social skills are used throughout a person’s entire life. No matter what everyone communicates with other people. Every job requires some type of communication, so these skills are very important to develop, which happens in school. Education also â€Å"exposes him to competition† (Oak). Today there is a lot of competition for jobs and to get into colleges. A person needs to learn to deal with competition and compete as best as possible, and this takes place in school. One of the most important purposes of education is to earn money. People are more enticing to employers when they have a college degree or a masters in a field of study than someone with only a high school diploma. The person with more education will most likely get the job because they are more qualified. â€Å"Many employers use your level of education to determine the salary that you will receive when you are hired† (Baker). People with higher educations receive more money. â€Å"Statistics show that people with higher education make as much as $200,000 more over a lifetime than those with lesser education† (Baker). It is almost impossible to live without money, so education provides a way to make more money so that you can live a better life by being able to afford all necessities. Then luxuries can be bought which make some people feel happy and more accomplished. Education is almost necessary today to find any job other than labor jobs. Education can only help in making a person more qualified for jobs that pay more. Even the basic knowledge along with the basic life skills and lessons learned in school can make someone a better well-rounded person. It will give them an advantage over people who are less educated. Everything in the world comes down to competition and education and the workplace is where the most competition occurs. The main purposes of education are to make an individual aware, to earn money, and to develop social skills. Works Cited Baker, Sam. â€Å"How Higher Education Can Make A Difference.† Grad Money Matters. Web. 21 Mar. 2012. . Oak, Manali. â€Å"Beliefs about the Purpose of Education.† Buzzle.com. Buzzle.com, 17 Feb. 2012. Web. 21 Mar. 2012. .