The Role of Technology in Huxleys Brave New World Essay

Technology, which has brought mankind from the Stone Age to the 21st century, can also ruin the life of peoples. In the novel Brave New World, the author Aldous Huxley shows us what technology can do if we exercise it too much. From the novel we can see that humans can lose humanity if we rely on technology too much. In the novel, the author sets the world in the future where everything is being controlled by technology. This world seems to be a very perfectly working utopian society that does not have any disease, war, problems, crisis but it is also a sad society with no feelings, emotions or human characteristics. This is a very scary society because everything is being controlled even before someone is born, in test tube, where they†¦show more content†¦They didn’t sent them to school to learn new things rather provide shock. Therefore, technology is so harmful and so disturbing in this society that the people are not themselves. In this novel, we can see how technology can affect the person ever since they are in a test tube. Technology is used so excessively that they can determine how smart or intelligent you are going to be. This can make you the smartest person in the whole world or the not so smart person. As stated by Mr. Foster, â€Å"The Lower†¦Ã¢â‚¬ ¦..the oxygen† (11). He is trying to imply that even if you try to become smarter than you are you cannot do such deal because you were already destined to how smart you can be. It is predetermined and there is nothing you could do to stop it. The process is all done while you are still an embryo. The height, weight, size, color, and even their intelligence level is determined before they are born. One of the most usefulness of technology in this book is sleep teaching. This is a process where someone is exposed to certain information they are to know and they have to listen it for numerous hours so they could get it stuck in their head. When they wake up, its already in their head like they were so conditioned for it that they did not even have to put any effort to get it memorized. This is a pretty nice process but you might be only conditioned to stuff that the government think is going to be right for their benefit. They are not going to do anything that will cause aShow MoreRelatedAldous Huxley 51128 Words   |  5 PagesWhen Aldous Huxley wrote Brave New World in 1931, nobody imagined that his fairytale story would someday be a reality. It is almost scary to see how accurate Huxleys far-fetched fantasies came to be. When Huxley wrote about the conformity, drug use and sex and technology of the society, he was almost pinpoint exact to predicting todays societies. Unfor tunately, all of these things havent exactly changed our society today for the better. It is amazing to see how accurately Aldous HuxleyRead MoreThe Island Of Dr. Moreau, Wells And Aldous Huxley s Brave New World1492 Words   |  6 Pagesattempts to perfect every aspect of society. Technology without laws holds the danger to eliminate individuality and ultimately requires humans to assimilate to a new standard without error and within the bounds of scientific advancement. In H.G. Wells’ novel The Island of Dr. Moreau, Wells argues the influence technology has on human nature and the power it holds when conducted without law. Similarly, Aldous Huxley presents a dystopia in his novel Brave New World, which is intended to be conceived as paradiseRead MoreThe Potential Effects of Developing Technology Essay1282 Words   |  6 PagesTechnology is a tool created by the human race to enhance its ability to learn and grow as a collective group. Humans taper these tools, created through technological process, to their uniquely specific needs. Technology, when used in a morally sound way, can have immense benefits that help a culture grow and develop effectively as demonstrated by the society in Aldous Huxley’s novel Brave New World; however technology can be a double edged sword in the sense that it has the power to destroy asRead MoreEssay about Brave New World: The Destruction of Family1492 Words   |  6 PagesAs in Brave New World, Aldous Huxley illustrates the destruction of the idea of family in this ’perfect world‘. People in the world today have the ability to express love and obtain a family. Huxley explores the futuristic outlook on a world (in many ways similar to ours) that would not allow such humanistic traits. Science is so called the ’father of progress’ and yet the development of Fordism and the evolution of artificial fertilization deteriorates the social value of science. Brave New WorldRead MoreBlade Runner and New Brave Worlds Perspectives on Humanity Essay1297 Words   |  6 PagesBlade Runner and New Brave Worlds Perspectives on Humanity Ridley Scott’s film â€Å"Blade Runner: Director’s Cut† and Aldous Huxley’s novel â€Å"Brave New World† explore the concept of ‘In The Wild’ by focusing on the natural world and its rhythms falling victim to unbridled scientific development. They present a wedge that is divorcing manRead MoreHuxleys Critique of Capitalism in Brave New World1233 Words   |  5 PagesIn his novel Brave New World, Aldous Huxley confronts the way in which mass production and capitalism serve to disempower the individual by cementing a self-reinforcing system of consumption and production wherein the individual is reduced to his or her utilitarian function. Although the novel touches on a number of ways in which the individual is disempowered and commodified in contemporary society, from pacifying drugs to an overreliance on technology, Huxleys critique of capitalism remains theRead MoreBrave New World Discussion Questions1321 Words   |  6 PagesBrave New World Discussion Questions Question 1: Each novel immerses us, instantly, into a world that simultaneously is foreign and familiar. Establish the characteristics of the society that the author creates and analyze the intricacies (complexities) of the society being presented. In what ways is it like and unlike our own society? In Aldous Huxley’s science fiction novel Brave New World, a distinct society is illustrated. The author depicts a civilization that is specifically based on severalRead MoreBrave New World Vs. Today Essay717 Words   |  3 Pages Close your eyes and imagine a world free of war, suffering and pain; an environment that provides all the necessary luxuries to maintain eternal happiness; one that is stable, friendly, peaceful and enjoyable. In this world, every inconvenience known to man is rid of. We are no longer affected by disease, aging, heartbreak, depression or loneliness; conformity is at hand and stability is achieved. Now envision a world where there is no love, families do not exist, humans are no longerRead MoreThe New World And Fahrenheit 451 Essay864 Words   |  4 Pagesanything.† The formation of an individual’s beliefs, sense of belonging, and sense of community all stem from the realization of self identification. Brave New World and Fahrenheit 451 both depict a futuristic society where self identification is either being stripped from citizens or has been completely eradicated altogether. The rise of technology in both societies has usurped the importance of knowledge and personal experiences in regards to personal identity formation. This war on self identityRead MoreA Brave New Word by Aldous Huxley634 Words   |  3 PagesIn Aldous Huxley’s â€Å"Brave New World†, the idea that a utopian society cannot exist without constant consumption is constantly juxtaposed. This reliance on consumption was created by weaning out the concepts of nature, religion, and self. The people of the â€Å"Brave New World† have no choice but to consume if they want to have any form of contentment with their lives. However, there is one character who is not content with consumption to see that the concept of consumption and utopia cannot go hand

Essay on Better Technology Means Better Education - 834 Words

Better Technology Means Better Education In recent years computers have opened many new opportunities for students and teachers. Technology has advanced past books and black boards. There are more and more computers going into schools everyday. With the world changing into a computer world teaching how do to use technology is necessary. With the new tools that teachers use learning for students is not only more interesting but, more fun. The Internet has helped education leaps and bounds. With the Internet we are able to take classes online from hundreds of miles away while still feeling like you are in the classroom. Distance learning is very accessible in this day and age. With the distance learning older people who have to†¦show more content†¦From K-12 there is something that can be expressed and or learned. GIS is only one of the many educational programs out there that make education fun. By using the new technology teachers are able to express there lesson plans in new and innovative ways. The Internet has vastly improved education. All of the information you would ever want to know is on the Internet. Research is not only easier but it is better. By searching the web one may find numbers of different pages with the information that you are looking for. You can find sources and articles that would be impossible to find without. Without the Internet all of the research one could gather would be what ever was in the library. Now you can access many libraries in the United States by just a click of a button. All of the books in the world on your finger tips. When I was at the University of Toledo I used Ohio Link [2] to get a book for a research paper. Without the use of the Internet the only way to get that book would be to buy it. The Internet also provides email. Email is very helpful for educational reasons. It is a great way to get a hold of a professor or a fellow classmate. Sometimes it is impossible to go and talk to your teacher but with email you ca n stay in touch without trying hard at all. The Internet has improved the quality of our education forever. Technology has improved in the form of communication for learning also. Now there are college classes that one may takeShow MoreRelatedBenefits of Wireless Devices in the High School Classroom Essay951 Words   |  4 Pagesthe vast majority of high schools across the Nation, and the use of this technology is necessary for not only the high school student’s success in college, but is also needed for the betterment of America’s current economic and unemployment issues. America is not turning out highly educated individuals as in the past, and it is hurting the Nation as a whole. While some would say that the use of mobile technology in the classroom would only be a distraction, the benefits greatly outweighRead MoreThe Human Development Index Is a Better Measure of Economic Performance Than GDP Per Capita624 Words   |  3 PagesI will advance the thesis that the Human Development Index (HDI) is a better measure of economic performance than the Gross Domestic Product (GDP) per capita. By saying that the HDI is a better system to measure economic performance, I mean that because the HDI highlights the trend between longevity, education and economic growth, it calculates a better analysis of an economy (Costa, Steckel 1997, p. 71). In contrast, the GDP per capita only accounts for the gross domestic product without payingRead MoreWhy Is Education Valuable?750 Words   |  3 PagesWhy is Education Valuable? Why is education important in human life? Education has its individual place in human life. Education is important for all human beings to become better human being. Education benefits, human grow their routes. Lacking education, a human cannot do plentiful in their life. It offers skills that benefit in daily life. A human learns something every day out of life. Every day brings a new lesson to learn. We all know a human start learning since they re born. Education is theRead MoreImpact Of Technology On Our Daily Lives1505 Words   |  7 PagesTechnology in Education No one can deny the effects that technology has on our daily lives. We might disagree weather or not technology impacts education in a positive or a negative way, but we should agree that technology is everywhere, in our homes, hospitals, schools, companies and institutes. According to Ken Funk (1999), â€Å"The word technology comes from two Greek words, transliterated techne and logos. Techne means art, skill, craft, or the way, manner, or means by which a thing is gained. LogosRead MoreNegative Impacts Of The Industrial Revolution933 Words   |  4 PagesDo you think the Industrial Revolution made life better or worse? The Industrial Revolution had several types of impacts on people, from running a family to the ground, with no money left even for food, to making some people richer than ever before. The Revolution made people’s life much better. Some positive impacts include, making the government more money, the better education, technology advancement, and society uplifting as a whole. Some people may beg to differ, but the Industrial RevolutionRead MoreHow Technology Can Play Improving Education Systems862 Words   |  4 PagesTechnology, as we all know, is helping and improving many disciplines of life. Technology, in Britannica Encyclopedia, is defined as the application of scientific knowledge to the practical aims of human life (Britannica, 2009).  Using technology in education for the purpose of better understanding is a positive step taken by most of the schools, colleges and universities all around the world. Technology can play vital role in improving education systems. You ca n see electronic gadgets and computersRead MoreAn Officers’ Job Is Not All Guns And Glory Like It Is Perceived1575 Words   |  7 Pagesfor them. One officer came in with a bunch of tech gear worth thousand of dollars. She explained to us that she spent most of her time in front of a computer catching criminals online. Even though the roles of an officer can be different it does not mean that being an officer is not a dangerous job. Being an officer especially now is one of the most dangerous jobs to have. It would make sense to have the best out in the field. An officer’s job is to protect and to serve the community and keep the environmentRead MoreThe Internet Has Improved Education1329 Words   |  6 PagesThe internet has improved education because of its immediate access to an abundance of information. According to State Univeristy in the article, †Technology in Education - School† states, â€Å"Students once relied upon local and school libraries a nd their printed reference materials to research topics. Now, however, computer technologies provide access to digital versions of these references–and to libraries worldwide. Encyclopedias on CD-ROMs provide information, digital images, video, and audio, andRead MoreThe Philosophy And Mission At The University Of Phoenix903 Words   |  4 Pagesorganizations in modern society, including education, food, clothing and many more. As Ritzer puts it, the principle of McDonalization will become dominate more and more sectors of American society as well as the rest of the world. According to Ritzer, McDonalization has four main parts, which are efficiency, calculability, predictability, and control. The first dimension, efficiency, means the optimum method of completing a task. As for predictability, it means to assure that all products and servicesRead MoreHow Personal Computers Affect Student s Learning Processes Essay1691 Words   |  7 Pagescentury, technology like personal computers and tablets have become more accessible and inexpensive. The aim of this research is to inform the public and education institutions on how personal computers affect student’s learning processes in the classroom. Most universities require the access to computers in order to perform task and write assignments. This has manifested in having more computers in a classroom used by the lecturers and students. The massive evolution and consumption of technology have

Basic Concept of International Development Free Essays

International development or global development is a concept that lacks a universally accepted definition, but it is most used in a holistic and multi-disciplinary context of human development – the development of livelihoods and greater quality of life for humans. It therefore encompasses foreign aid, governance, healthcare, education, gender equality, disaster preparedness, infrastructure, economics, human rights, environment and issues associated with these. International development is related to the concept of international aid, but is distinct from, though conceptually related to, disaster relief and humanitarian aid. We will write a custom essay sample on Basic Concept of International Development or any similar topic only for you Order Now While these two forms of international support seek to alleviate some of the problems associated with a lack of development, they are most often short term fixes – they are not necessarily long-term solutions. International development, on the other hand, seeks to implement long-term solutions to problems by helping developing countries create the necessary capacity needed to provide such sustainable solutions to their problems. A truly sustainable development project is one whichwill be able to carry on indefinitely with no further international involvement or support, whether it is financial or otherwise. |International development projects may consist of a single, transformative project to address a specific problem or a series of projects | |targeted at several aspects of society. will be able to carry on indefinitely with no further international involvement or support, whether it is financial or otherwise. International development projects may consist of a single, transformative project to address a specific problem or a series of projects | |targeted at several aspects of society. will be able to carry on indefinitely with no further international involvement or support, whether it is financial or otherwise. |International development projects may consist of a single, transformative project to address a specific problem or a series of projects | |targeted at several aspects of society. How to cite Basic Concept of International Development, Papers

Business Strategy of McDonald-Free-Samples-Myassignmenthelp.com

Question: Evaluate the performance of their current (or past) strategy by identifying their vision, mission, values, objectives and strategy. Examine the external and internal fit. Assess potential impact of external and internal fit on performance against their objectives. Recommend changes to improve their performance. Answer: Introduction McDonalds strategies are developed on the basis of gaining competitive advantage in the international fast food industry. McDonalds is known as the biggest fast food restaurant chain in the international fast food industry. In order to maintain its acquired position in the target market, organization has adopted intensive growth strategies. These strategies are also useful in the development of business and expansion in the global market (McDonalds, 2018). Strategic objectives of McDonalds dictate their operational activities which are directly linked with enhancing organizational performance in the target market along with meeting with the dynamic needs of its target and potential audience. In this report, McDonalds current strategies will be discussed along with their mission, vision and objectives. Apart from this, their strategies will also be compared with their primary competitors i.e. KFC and Hungry Jack. Further, report will focus over the evaluation of external and internal environmental forces impact over the McDonalds performance and over their strategies. The last part will discuss the strategies through which the organization could improvise its performance in order to gain desired goals and objectives. Current Strategies McDonalds have adopted generic and intensive strategies for accomplishing their tasks and for developing an effective position in the international fast food industry. McDonalds is engaged in continuous improvement process in relation with improving their policies and the strategies to meet up with the market trends and customer requirements (Aaker, 2010). Generic strategy McDonalds generic strategy relates with the cost leadership strategy. This strategy is one of the effective models of Porters model. Under this strategy, prices of the final products are reduced by reducing the profit margins or by minimising the cost of production. In relevance to this, McDonalds delivers their products and services at cheaper rates as compared to its primary competitors i.e. KFC and Hungry Jack. Though, McDonalds also uses product differentiation as supportive of alterative generic strategy. This strategy is useful for making one companys products distinct from its primary competitors. Apart from this, product differentiation strategy is effective enough to enhance organizational performance along with gaining competitive advantage in the target market. For example: McDonalds McPuff, McVeggie, etc. are its unique products and with this, organization has developed its unique image in the competitive business environment. Vertical integration is another generic adopt ed by McDonalds to strengthen its strategies and this strategy is linked with the cost-leadership generic strategy (Akaka, Vargo Lusch, 2013). Intensive strategy Intensive strategy adopted by McDonalds is also known as intensive growth strategy. Following are certain crucial growth strategies which makes McDonalds biggest fast food restaurant in international market: Market Penetration: This is the primary strategy of intensive growth strategies utilised by McDonalds. With the help of this strategy, organization increases its customer base in the existing market by launching new and innovative products for other customer segments. The primary objective of adaptation of this strategy is global expansion. McDonalds generic strategy supports this growth strategy because low costs and low prices sanction the firm to easily penetrate markets. Market development: When McDonalds entered the fast food industry initially, market development was their primary strategy in terms of intensive growth strategy. But now things have been changed because now McDonalds is present is every part of the globe except Mongolia, some parts of Middle East, west Asia, and African Countries and now market development is used as the secondary strategy in terms of intensive growth strategy. The main motive of this intensive growth strategy is to establish organizational image in the new locations such as expansion of McDonalds in African and West Asian countries (Angeloska-Dichovska Mirchevska, 2017). Product Development: This strategy has been used by McDonalds to support their intensive growth strategies. In order to execute this strategy, McDonalds needs to produce new and innovative products time to time such as McCaf. This strategy is also used as the defensive strategy so as to maintain the acquired position in the market as well as to uplift its position in the same market by producing unique and innovative products (Armstrong, et. al., 2015). McDonalds Vision, mission, values and objectives McDonald's Brand vision is "To be the best quick service restaurant experience". In relation to being the best means providing high quality, service, cleanliness, and value, so that every customer in every restaurant smiles. Apart from the vision, organization mission is "Is to be our customer's first choice, when it comes to, top quality products, outstanding service / cleanness and great value for money " (McDonalds, 2018). MacDonalds objective list includes serving delicious and qualitative food items quickly so that customer could experience friendly environment. Apart from this, organization has also expanded and diversified their product offering in relevance with targeting new customers. For this, they have concentrated over producing healthy food items such as healthy burger in the name of McVeggie. Customisation has also been adopted by the organization so that consumers could consume what they prefer to. Their all new range in breakfast is another attractive option for their target audience which has helped the organization to gain success and growth related objectives (Oana-Luminia, Eugenia Camelia, 2011). Values of the organization also relates with the customers satisfaction and their choices. As customers are crucial factor for the organization to attain success and growth, thus, it is essential for them to fulfil their needs by providing quality along with their choices (Cornelissen Cornelissen, 2017). These strategies, goals and aims of the McDonalds differs it from its competitors i.e. KFC and Hungry Jack. Whereas KFC and Hungry Jack fulfils its target audiences needs but the prices of their products are quite high as compared with the McDonalds (Czepiel Kerin, 2012). External Fit External fit is the alignment between external environmental conditions with the organizational strategies and practices. McDonalds HR strategies are designed in such a manner so that external environmental conditions could not affect organizational performance and making strategies of an organization as external conditions is known as external fit. External fit for McDonalds are quite similar with other companies of fast food industry. Using qualitative raw materials, consideration of consumers choices, preferences and needs, other external factors are adopted by McDonalds to make their strategies effective and efficient to gain positive outcomes. Though, McDonalds strategies and policies make him stand separate from its primary competitors because they have adopted cost leadership strategy and this is the major reason for them to enhance their customer base (Fischer, et. al., 2011). Internal Fit Whole industrys value chain and internal approaches matches with each other because all are key players of the international fast food industry. Whereas, McDonalds has adopted quality assurance with customisation option in their product range to stand out from the competition as well as to make a separate position in the target market. This has also helped the organization to develop appropriate image in the customers mind-set. Apart from this, organizational approaches towards its suppliers and distributors are also unique from KFC and Hungry Jack. McDonalds pays faster as per their competitors to its suppliers which have helped them to develop appropriate relations with the suppliers. Organizational internal communication system and approach to analyse customer feedbacks are another crucial factor through which organization proves that they are the deserving candidate for being on the top on the international fast food industry. As per this approach, customers feedbacks and complai nts are taken seriously and quick resolutions are also being provided to them in order to maintain effective customer relationship (Greer Ferguson, 2011). Porters five forces McDonalds have acquired the position of global leader in terms of international fast food industry. With the help of Porters five forces analysis, organization will be able to determine its market image and position as compared to its competitors. With the help of outcomes, organization will be able to determine the lope holes available in their strategies and quick steps could be taken in relevance with resolving them as soon as possible so that organizational performance could not be impacted (Gregor Hevner, 2013). Industry Rivalry Due to saturation of the fast food market, McDonalds faces aggressive competition from KFC and Hungry Jack. With the help of this force, organization could determine how its competitors are affecting organizational performance and image in the marketplace. The major factors due to which McDonalds needs to face intense industry rivalry are: Large number of firms in fast food industry (Helms Nixon, 2010). Aggressive competitive strategies used by them Low switching costs Bargaining power of buyers In order to gain success and growth in the fast food industry, it is necessary to address the buyers needs and their barging power. This is because large number of firms is available in the markets who are dealing in almost same type of products. Following are the elements through which buyers have strong bargaining power: Low switching costs Large number of firms in the market Huge substitutes (Johnston Bate, 2013). Suppliers power Large number of suppliers High overall supply Suppliers have a huge involvement in the success and growth of a business. In relation with McDonalds scenario, suppliers bargaining power does not much affect organizational performance because they purchase only raw materials from suppliers, rest secret formulas are their only through which they produce delicious and qualitative fast food items (Dobbs, 2014). Threat of substitutes Substitutes have a great impact over organizational performance and this is due to large number of firms involved in the fast food industry. High substitute availability and low switching costs are certain factors involved in the threat of substitutes for McDonalds (Rothaermel, 2015). Threat of new entrants New entrants in this industry would impact over the organizational market share. This is because, every new organization will offer diversified products at low rates for setting up their position in the market which will create negative impact over the existing companies. In order to avoid this type of issues, organization needs to adopt certain strategies through which their acquired position does not get affected. PESTLE analysis Political: International trade agreements, taxation policies, changes in the regulations by the government, etc. factors should be considered while developing strategies because organization is engaged in the international market, thus, consideration of all governmental rules and regulations is necessary (Kim Hyun, 2011). Economic: Economic factors such as inflation rate, economic growth, purchasing power of consumers, etc. Impact of these factors over organizational performance is huge, thus, it is required to be considered before developing or modifying current business strategies of the organization Social: Social factors such as customers demand, tastes, preferences, etc. carries huge weightage in fast food industries. Thus, McDonalds needs to consider these aspects in order to develop appropriate relationships with the customers along with gaining desired goals and objectives. Technological: Moderate technological developments, business automation are several aspects related with the technological factor which needs to be adopted by the organization so that the desired goals could be attained (Chemat Khan, 2011). Environmental: McDonalds needs to contribute their earning towards environmental programs, adaptation of sustainable business strategies and over protection of environmental conditions. This will create better image of the organization in front of the society as well as the chances for sustainable growth and development will increases for the organization (Mohammed, Rashid Tahir, 2014). Legal: Legal factors such as legal considerations in relation with the labour employment, minimum wage law, health regulations, and animal welfare regulations must be considered so that appropriate strategies could be developed. This will help the organization to develop its effective image in the target market along with avoiding various types of glitches which could arise due to non-fulfilment of the above discussed external environmental factors (Johnston Bate, 2013). Comparison between KFC, McDonalds and Hungry Jack All of these are prominent fast food chains valued by various parts of the globe. Every outlet has their own speciality i.e. if one will search for burgers, he will prefer McDonalds over all available options whereas in case of fried chicken and related products, one will choose KFC instead of choosing any other option. Whereas Hungry Jack is also giving strong competition to McDonalds by providing similar types of burgers and other fast food items to its target audience. Hungry Jacks and McDonalds target audiences are quite similar because their product and service offerings quite match with each other (Habib, Abu Dardak Zakaria, 2011). Recommendation It has been recommended the McDonalds to improve their strategies and expansion in their product offerings. The major reason behind this is the similar product offering by Hungry Jack. Following are certain recommendations through which organization could improve its performance: Service differentiation: With the help of service differentiation strategy, organization will be able to provide superior services to its target customers. This will help the organization to make a distinct position in the target market along with making better customer relations (Helms Nixon, 2010). Personnel differentiation: In order to deliver high quality services to the target audience, well-trained and qualified staff members are also required. Hence, investment in training and development program is necessary for attaining its desired goals (Mohammed, Rashid Tahir, 2014). Conclusion From the aforesaid information, it can be concluded that McDonalds business strategies are effective enough through which desired objectives and the goals could be attained. In relevance with the performance, evaluation of their current strategies has been done in this report. McDonalds is situated in almost all parts of the globe except in some of the African, West Asia and Middle Eastern countries. IN order to expand their business in those parts, product development and certain other generic and intensive growth strategies have been discussed in this report. External and internal fit, porters five forces and the PESTLE analysis has also been evaluated so that the organizational policies and standards could be made up as per the external environmental factors. References Aaker, D., 2010, Marketing Challenges In The Next Decade,Journal Of Brand Management,Vol. 17 (5), Pp. 315. Akaka, M. A., Vargo, S. L., Lusch, R. F., 2013, The Complexity Of Context: A Service Ecosystems Approach For International Marketing,Journal Of Marketing Research,21(4), 1-20. Angeloska-Dichovska, M., Mirchevska, T. P., 2017, Challenges Of The Company In The New Economy And Development Of E-Business Strategy,Strategic Management,22(2), 27-35. Armstrong, G., Kotler, P., Harker, M. And Brennan, R., 2015,Marketing: An Introduction. Pearson Education. Chemat, F. and Khan, M.K., 2011. Applications of ultrasound in food technology: processing, preservation and extraction.Ultrasonics sonochemistry,18(4), pp.813-835. Cornelissen, J., Cornelissen, J. P., 2017,Corporate Communication: A Guide To Theory And Practice, Sage. Czepiel, J. A., Kerin, R. A., 2012, Competitor Analysis.Venkatesh Shankar And Gregory S. Carpenter, Handbook Of Marketing Strategy, Edward Elgar, Pp. 41-57. Dobbs, E. M., 2014. Guidelines for applying Porter's five forces framework: a set of industry analysis templates.Competitiveness Review,24(1), pp.32-45. Fischer, M., Albers, S., Wagner, N., Frie, M., 2011, Practice Prize WinnerDynamic Marketing Budget Allocation Across Countries, Products, And Marketing Activities,Marketing Science,Vol. 30 (4), Pp. 568-585. Greer, C. F., Ferguson, D. A., 2011, Using Twitter For Promotion And Branding: A Content Analysis Of Local Television Twitter Sites,Journal of Broadcasting Electronic Media,Vol. 55 (2), Pp. 198-214. Gregor, S., Hevner, A. R., 2013, Positioning and Presenting Design Science Research For Maximum Impact,Mis Quarterly,Vol. 37 (2), Pp. 337-355. Habib, F.Q., Abu Dardak, R. and Zakaria, S., 2011. Consumers preference and consumption towards fast food: Evidences from Malaysia.Business Management Quaterly Review,2(1), pp.14-27. Helms, M. M., Nixon, J., 2010, Exploring Swot AnalysisWhere Are We Now? A Review of Academic Research From The Last Decade,Journal of Strategy And Management,Vol. 3 (3), Pp. 215-251. Johnston, R. E., Bate, J. D., 2013,The Power Of Strategy Innovation: A New Way Of Linking Creativity And Strategic Planning To Discover Great Business Opportunities, Amacom Div American Mgmt Assn. McDonalds, 2018. About Us [Online]. Accessed from: https://www.mcdonalds.com/. Oana-Luminia, V., Eugenia, A. and Camelia, C., 2011. Business Strategy of Multinational Corporations Representative for Food Services-McDonald's.Ovidius University Annals, Economic Sciences Series,11(1), pp.2308-2310. Rothaermel, F.T., 2015.Strategic management. McGraw-Hill Education.

Familiar Actions Breed More Business free essay sample

This paper presents an explanation as to why corporate-owned restaurants are more frequently visited and do better overall than individually owned restaurants. The following paper discusses how the world prefers the comfort of familiarity when it comes to choosing a restaurant. The writer contends that it is the familiar decor, menu and food presentation that gives them a feeling of security that cannot be matched by the thrill of a newly discovered individually owned restaurant. This paper asserts that as long as the world thrives on familiar surroundings the chain restaurants will always do better and be more successful than privately owned shops. People often like to say they are adventure seekers. They claim that the same old same old drives them batty and they are always up for something new. This may be the case in many areas of life however in the area of eating in a restaurant people prove again and again that they prefer the tried and true to the unknown element of surprise. We will write a custom essay sample on Familiar Actions Breed More Business or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Restaurants that are corporate owned are more likely to be frequented than one that is individually owned and operated. Marketing executives have known this for a long time and often times target the advertisements to remind the viewer that the consistency of a corporate organization is preferable over the mom and pop shop of yesteryear.

The Transformation of Collective Security Essay Example

The Transformation of Collective Security Essay Example The Transformation of Collective Security Essay The Transformation of Collective Security Essay Security is primarily an issue of a nations relations with other states or a group of states. This relationship among states which feel threatened by each other is exposed to the security dilemma. 6 It is generally argued that the security of nations cannot be defined in general terms, nor can it be determined objectively. 7 Definitions depend on states perception about threats and safety. Therefore, on security no precise definition has ever been achieved and probably never will be. 8 There appears to be almost a studied vagueness about the precise definition of terms such as security. This complexity is also related to the problem of which areas of life are the subject of security. In this regard, theoretical debate occurs between two views of security approach to security, the traditionalists, it is argued that identifying security issues is easy as they equate security with military issues and the use of force. 10 Traditionalists also strongly oppose the widening of security stud ies, as by such logic, issues like pollution, disease, child abuse or economic 5 Till, pop. Cit. , in note 1, p. 96. The security dilemma refers to the notion that a states efforts to increase its security by threatening another state, which then responds with steps to increase its own security, paradoxically erodes the first states security. See C. A. Checkup, The Case for Collective Security, in Downs, G. W. (De), Collective Security beyond the Cold War, ( USA: University of Michigan Press, 1994), up. 41-69. 7 A. V. Sausage, The Security of Western Europe, (London: Sherwood Press, 1985), p. 2. 8 C. Then, Problems of Transition in J. Alfred et al, Europe in Western Alliance, (London: MacMillan Press, 1988), p. 7. 9 G. Edwards and B. Burrows, The Defense of Western Europe , (Norfolk: Butterscotch, 1982), p. 91. 10 B. Abuzz et al, Security , A New Framework for Analysis, , ( London: Lonely Runnier pub. 1998), p. 3. 6 3 recessions could be viewed as threats to security. Here we see that the traditionalist view regards only military and political subjects as the focus of studies in the security field. Yet, this approach has entered an impasse and led to increasing dissatisfaction in explaining the events taking place in the international arena later on. As pointed out by one of the proponents of the wider approach, this dissatisfaction was stimulated first by the rise of the economic and environmental agendas in international relations during the sass and the sass and later by the rise of concerns with identity issues and transnational crime during the sass. 11 Today it is obvious that this narrow definition does not fully cover the parameters of the new security environment in the aftermath of the end of the Cold War. With the end of the Cold War and the break-up of the Soviet Union, the political and intellectual climate has changed. Studies in this regard have articulated very different views about how to define the concept of security. The narrow definition of security tends to focus on material capabilities and the use of military force by states. This, however, contrasts with the distinctions among military, political, economic, social, and environmental security threats. 12 Thus, with this transforming understanding of what security means today, the advocates of the wider approach concentrate on discussing the dynamics of security in five sectors, that is, military, political, economic, environmental and societal. This methodological framework also seems to better serve distinguishing security issues as hard and soft. 14 Faced with such a unavoidable due to the different analytical perspectives on the issue. Yet, in view of the presence of security risks of different natures, it is, at least from the practical point of view, a fact that security at present should be regarded as not merely, or even mainly, a matter 11 Ibid. , p. 2. P. J. Austenite (De), The Culture of National Security: Norms and Identity in Word Politics , (New York: Cambridge University Press, 1996), up. -9. 13 See the introduction in Suzan, pop. It. , up. 1-21. 14 Generally speaking, security issues requiring military options and relating to defense are considered hard ones whereas others that require non-military measures such as conflict prevention are regarded as soft. But this distinction today appears to be less relevant in view of events and experience in world affairs. See for details M. T. Clare and D. C. Thomas (De) , World Security, ( New York: SST. Martins Press, 1991). 12 of military policy, but of broader economic and political policies. For threats to security are not necessarily of a military nature, but they might derive from various there reasons. In view of the above, one can draw two main conclusions. Irrespective of which subjects are to be considered in dealing with the security concept, it seems evident that security is about preservation of the existence of states. And, in this preservation effort, the military component is always present even if as a last resort. Similarly, threat perception and the nature of such perceived threats are important in determining whether and how the perceived threat should be viewed as a matter of security. This brings us to the concept of collective security. Here, similar to the conceptual problem in defining security, a precise definition of collective security mains elusive. Not only do definitions differ,which is bound to happen in public debate and scholarly discourse, but also some directly contradict each other. 18 In simple terms, collective security is related to efforts by a group of states to act together in order to better preserve their own security. The term has been used to describe everything from loose alliance systems to any period of history in which wars do not take place. This wide Serialization, in the words of Suzan, means a process by which the issue in question is presented as an existential threat, requiring emergency measures and justifying actions outside the normal bonds of political procedure. See Suzan, pop. Cit. , up. 23-24. 16 Ibid. , p. 24. 17 J. C. Garnett, Introduction: Conflict and Security in the new world order, in M. J. Davis, (De), Security Issues in the Post-Cold War, (I-J: Edward Legal Pub. Ltd, 1996), p. 10. 18 G. W. Downs, Beyond the Debate on Collective Security, in Downs, G. W. De), Collective Security beyond the Cold War, ( USA: University of Michigan Press, 1994), up. 1-17. Spectrum is also due to the nature of security threats. States ally to increase their security against perceived threats. 19 In any particular balance of power system, there are usually groups of states that share to some extent an assessment of those threats. States face two kinds of threats in general. 20 The first is usually the reason for which stat es Join their forces in the first place, I. E. An external threat from a potential aggressor who is not part of the group. The second threat is of a more insidious but often Just as dangerous nature, namely, an internal threat from a member of the group itself that betrays its friends and uses force against them. The first form of collective security is best illustrated by the alliance system. An alliance functions as a collective body that defends its members from security threats directed from outside. Thus it includes the concept of collective defense as well. Moreover, although an alliance is focused on external threats, the security is collective for its members. On the other hand, the best illustration of security arrangements countering internal threats coming from members of a collective security body is the security community. 21 Collective security rests on the notion of one for all and all for one. Here, the question of why states come together for collective security can be argued is clear enough. It is because they share the same threat perceptions against which they think they will be better-off if they act together. Yet, the question of how they perceive the same threat is not that clear. This brings us to the issue of identity-building. Identification is considered a social concept. 22 The process of identity formation is of a kind that develops within a social unit. Any identification requires a distinction Just as any 19 See K. Waltz, Theory of International Politics, ( Reading: Addison Wesley, 1979) and also S. Walt, The Origins of Alliance , ( Ithaca: Cornel, 1987) 20 See for details S. Weber, Does NATO have a future 7, in Crawford, B. (De), The Future 21 This concept was first introduced by Van Wagner, and later in 1957 developed by Karl Deutsche with theoretical arguments . For the views of Dutch, see particularly E. Adler, Rupees New Security Order: A Pluralistic Security Community, and P. W. Schultz, Competing for European Security: The SEC, NATO and the European Community in a Changing International Environment, both in Crawford, B. (De), The Future of European Security, (Berkeley: University of California at Berkeley, 1992). 22 A. N. Hurdles, Bravura Kim ¤inn LOL#lam eve Tark Gimlet in Atilt Realer (De) Trisky eve Bravura, (Ankara: image Active, 1997) p. 18. 6 distinction necessitates some identification 23 . This brings us to the self/other dichotomy. The self is identified in relation to its position visa- ¤-visa the other 24 . In other words, all identities exist only with their otherness. Without the other, the self actually cannot know either itself or the world because meaning is created in discourse where consciousness meets. 25 Identification is of an exclusionary nature for the non-identified. In other words, in the identification of a group of people as a community, this unit is externalities of or disassociated from the values, myths, symbols, attitudes and mores of those (non-identified) with whom the unit does not identify itself. 6 It is also argued that the existence or the perception of threats from the other inevitably strengthens the identity of the self. 27 The formation of the self is inextricably intertwined with the formation of its others and a failure to regard the others in their own right must necessarily have repercussions for the formation of the self. 28 Identity is the key element of a cognitive regi on. Shared self-definitions create internalized norms that allow people from different countries to know each other better and thus respond more effectively to the common concerns. What constitutes the basis for collective security arrangements is therefore the mutual responsiveness developed out of answers to the questions of who I am and who the other is. In other words, it is the collective identity, which lays the ground for a sound collective security. The importance of identities can thus be summarized as follows: common identities help to establish a security whose existence, I. E. Elective security, proves that members share common identities. A. N. Hurdles, International Relations and the Philosophy of History: a Civilization Approach, ( London: MacMillan, forthcoming), p. 105. 24 K. Krause, Critical Theory and Security Studies, Cooperation and Conflict, Volvo (33)3, 1998, p. 312.. 25 Hurdles, pop. Cit. , in note 22, p. 107. 27 Hurdles, , pop. Cit. , in note 21, p. 21 . 28 Neumann, pop. Cit. , p. 35. 7 In view of the foregoing, one can easily understand that collective identities and shared values as well as shared understandings as regards threat perceptions are of significant importance for the creation of a workable collective security arrangement. The identity issue entered into International Relations full fledged with the critical theories, such as constructivism. However, mainstream approaches 29 also acknowledge identity. But, how it differs from the constructivist approach is that it presumes to know priori what the self-being is defined as. The state as a unit is assumed to have a single identity, across time and space whereas constructivism assumes that the selves, or identities, of states are variable, they likely depend on historical, cultural, political and social context 30 . Accordingly, as regards the object of security, the constructivist approach questions how the object of security is constructed according to threat perceptions. Here, the argument that discourses of threat are constitutive of the object to be secured relates to the question of how such threats are identified. In view of the foregoing, one can see that constructivism helps better explain collective security formations that are constitutive of collective identities. Thus, sound collective security arrangements are forms of collective identity that exclude each other on the basis of their distinctiveness. Here, it can be argued that those security regimes could not establish a collective identity against a common threat. In other words, the selves in hose organizations did not come together against a common other. In the Cold War era, the other was the East for the West and vice versa, although members of both Blocs remained in the same global security regime, the I-JNI. Therefore, their stay in the UN was not due to the creation of a common identity but due to a felt need. IMPACT OF THE POST-COLD WAR The post-Cold War has had a considerable impact on this state of affairs. The end of the Cold War, which for almost half a century had been the symbol of division in Europe, was marked by the fall of the Berlin Wall on October 3rd 1989. The fall of the Berlin wall meant also the collapse of the ideological walls which had divided Europe for so many years. The end of the Cold War even raised questions regarding the necessity of NATO as military alliances normally dissolve once their common enemy has been defeated. However, , 31 See for details, particularly A. Bennett, and J. Leopold, Reinventing Collective Security After the Cold War, Political Science Quarterly, Volume 18, Issue 2, 1993. 32 Ibid. With the rise of non-conventional and asymmetric security threats this was proven not to be the case 33 . What is new in this sense is the effect of globalization on these threats. Today, in a world where things have increasingly become more transnational and interdependent, owing to the effects of globalization, any incident in a country or in region, be it a terrorist act or an ethnic conflict, poses threats to other areas due to the domino effect. As a corollary to this, threats that transcend borders happen to affect security more rapidly, more severely in an ever-expanding magnitude with spill-over effects. These threats inevitably necessitate collective responses as they affect almost all states in one way or another. In such an environment, Europe in particular and the world in general have dinettes several hot conflicts and wars in Just one decade in the post-Cold War era, which amounts to more than occurred in the whole course of the Cold War years. The European continent, which had been free from wars since the end of World War II, once again became a continent of conflict and death with a wars that erupted in its very midst, like in the territories of the former Yugoslavia or in its vicinity, or like the Caucasus or elsewhere like in the Middle East, I. E. The Gulf war. In view of this, one can argue that the basic premises of mainstream scholarship, such as anarchical setting, power politics based on national interests, etc. , are still present in the world affairs. True, mainstream scholarship failed to anticipate the end of the Cold War. But, the world order, which has replaced the Cold War era, still proves the validity of mainstream scholarship. States act in pursuit of preservation of their interests and of protection of their 33 Asymmetric threat is defined as a threat that can cause harm in bigger magnitude than its size. Such threats vary from international terrorism, ethnic conflicts and religious fundamentalism through organized crime, drug trafficking, and proliferation f weapons of mass destruction to mass migrations, environmental disasters, poverty etc. See Irked, S. , 11 Elll 2001: Terrorizing Yen Milady, Strategic Animal, Sally 18, Skim 2001. Asymmetric threat is also defined as a threat that does not follow the rules of fair warfare including surprise attacks, as well as warfare with weapons used in an unconventional manner. See www. Rand. Org/news links/terrorism. .NET. 10 security in the face of both conventional and non-conventional security threats. However, the main question here is how they gather support from other states for such policies and how legitimacy is attained for them. In fact, the turnaround effects of such security threats help states gather the support of like-minded states and act collectively to protect their security against such threats. Collective security arrangements have been seriously proposed after every large- scale war, such as the Napoleonic Wars, World War l, and World War II. The end of the Cold War followed the same path both in academic and state circles. In this regard, naturally the I-IN, being the only global organization for collective security, has been called upon several times. In the post-Cold War era, the UN Security Council has adopted a series of resolutions availing itself of the right to humanitarian through a number of experiences as witnessed in various wars and fights such as that of the Gulf, Bosnia and Somalia. 4 Despite this gradual progress in fulfilling its task of collective security, the UN faced a deadlock during the Spooks crisis in 1999. Due to Russia and Chinas objection to a military operation against the Federal Republic of Yugoslavia, the UN could not reach a decision authorizing the formation of a military force with the Security Council mandate and this implicitly left it up to NATO to take the responsibility . In light of these one can see that even in the post-Cold War era the UN system has maintained the inertia it derives from its organizational set-up. This can be attributed to the following: In the post-Cold War era, although one of the Blocs disappeared, it was evident that at least the old leader of the East , I. E. Russia on the one hand and the USA together with the rest of the Western Bloc on the other, continued to regard each other as other. This was because they have not been able create a collective identity (self), as they could not define a common threat (other) either. See for details C. Gaucherie, International Law and the War in Spooks, Survival, , Volume 41, No: 2, Summer 1999. POST-SEPTEMBER 11 ERA The world that embarked on a new millennium with these important shifts in international affairs in general and in the collective security field in particular, was unable to avoid the tragedy of September 1 lath. The terrorist attacks of September 1 1 have changed many, if not all, parameters in world affairs, and has important repercussions for security in a variety of ways and the approach to collective security is no exception to this. In the wake of the terrorist attacks, NATO allies lined up Enid the US and in an unprecedented display of support and solidarity they invoked, on 12 September 2001, Article 5 of the Washington Treaty of the Alliance, the core clause of collective defense, for the first time in the history of the Alliance. 35 This decision seems to have constituted a dramatic shift in the conceptualization of what forms hard and soft security issues. First, it was bitterly confirmed that terrorism is one of the most dangerous non-conventional asymmetric security threats. Similarly, it was also confirmed that terrorists can easily access weapons of ass destruction. More importantly, with the invocation of Article 5 and the military operation directed against the al-Qaeda terrorist network and its sanctuary the Taliban regime, it has become clear that the fight against terrorism, which was always regarded as a matter of soft security, would also require hard security measures, including military ones, in the post-September 1 1 era. In this context, one can argue that the September 11 terrorist attacks have provided a conducive atmosphere for the creation of a new other, I. E. Common enemy. This was

Strategic Management Report on Acer Essay Example | Topics and Well Written Essays - 2750 words

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American History Symbolism - Essay Example Republicanism, a political philosophy which will be defined further, is, in history, a long tradition of writings which express common concerns about â€Å"the importance of civic virtue and political participation, the dangers of corruption, the benefits of a mixed constitution and the rule of law, etc† (Lovett). Combining the two concepts, a symbol of republicanism is an object which stands for or suggests the ideals of historic republicanism—values of liberty, individual rights, rule of law, and so on—by reason of relationship, association, convention, and so on. In early America, the symbolism was needed to retain loyalty to the ideals which caused the colonists to fight the tyrannical rule of the King; such a symbol would need to remind these individuals of the momentous nature of their endeavor. To do this, the symbol should draw a direct connection between this endeavor and the glorious histories of the greatest civilizations of mankind, bypassing the ages of Darkness and ushering in the Enlightenment. First of all, however, it may be instructive to explore the history of republicanism in order to define it: to contrast both classical and modern versions of the philosophy. In Ancient Rome, the Roman Republic existed from 508 B.C. to 27 B.C., when the government was structured by a complex constitution, forming a mixture of three types of government. It was only during the Enlightenment that we see the strong emphasis on civic virtue and the common good (Lovett).

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The identifying a project risk

The identifying a project risk Let us first define what project risk is, project risk is an uncertain event that, if occurs, has a positive or a negative effect on at least one project objective. A risk may have one or more causes and, if it occurs, one or more impacts. Over here we will define what are the risks associated with a new project, how to define, measure and control those risk. This combine process is called risk management. Identifying Risk For any effective identification of the risk involved in a project, there has to be certain corporate culture: (Young-Hoon Kwak, 2005) The managers should support honest and realistic risk assessment, even if they indicate problems with the project. The managers should be encouraged to talk openly about the risk involved without any fear of reprurcussions. Create an atmosphere where, talking about any kind of risk is allowed. Other key factor in risk assessment is collecting realistic and high quality data. Creating the right kind of atmosphere is only the first step in risk identification (Paul C. Dinsmore et al, 2005)Overall risk identification is a process to identify various potential risks in a project. Ideally a project manager would create a project risk register, where he would include all the identified risk, he would also earmark the nature of each risk, the step in which it may occur, the kind of effect it may have on the project and the solution for it. (Paul C. Dinsmore et al, 2005)This risk register is not static in nature but is dynamic and keeps on changing with each new step in the project. Risk identification is continuous process, new risks may come to light as the project progresses and previously-identified risks may drop out. Another key to risk identification is involving the right kind of people in risk identification process. Some of the key person that should be involved in all the risk identification process are risk management team, project team (they should be involved in the process so that the project team can develop a sense of ownership of responsibilities for the risks involved) members, project manager, experts both from the project and from outside the project team, customers, end users, other project managers, stakeholders(Stakeholders outside the project team may provide additional objective information), and risk management experts.(Dennis Lock, 2007) While these personnel are often key participants for risk identification, all project personnel should be encouraged to identify risks. The potential risk can be identified using: A risk break down structure, over here various risk are identified according to the stages of project cycle. Managers own knowledge of the previous projects and by cross referencing similar projects done by others. Consulting experts from the same field. After proper identification of the risk, the next important step would be to determine the cause of the risk involved its impact on the project objective. The project risk register should ideally contain the identified risk followed by cause of the risk, the condition under which it may occur, the impact it may have on the project and finally the solution for it. Also it is important to note here that all type of risk should be identified, even the risk that cant be tackled with like risk of project delay due to weather conditions. Some of the risks that may occur are: Design Risks This type of risk arise due to design of the project, some of the design risk are design incomplete, Inaccurate assumptions on technical issues in planning stage, surveys incomplete, hazardous waste site analysis incomplete, unforeseen design exceptions, Incomplete quantity estimates etc. External Risks This type of risk generally arise due to factors which are not directly related to the project, some example are landowners unwilling to sell land, local communities pose objections, threat of lawsuits, stakeholders request late changes, political factors or support for project changes etc. Environmental Risks Risk arising due to environmental factors like environmental analysis incomplete, environmental clearance for staging or borrow sites required, historic site, endangered species, riparian areas, wetlands and/or public park present etc Organizational Risks The risk arising due to companys policies and structure, like inexperienced staff assigned, internal â€Å"red tape† causes delay getting approvals, decisions, priorities change on existing program, funding changes for fiscal year, Overlapping of one or more project limits, scope of work or schedule etc. Project Management Risks Risk inherent to the project due to poor management like project purpose and need is not well-defined, project scope definition is incomplete, no control over staff priorities, unresolved project conflicts not escalated in a timely manner etc. Construction Risks Risk in projects where construction is involved like: inaccurate contract time estimates, change requests due to differing site conditions, temporary construction easements expire, dewatering is required due to change in water table etc. Engineering Services Risks These are risk involved in projects where engineering work is done, like: hazardous materials in existing structure or surrounding soil; lead paint, contaminated soil, asbestos pipe, asbestos bearings and shims, Special railroad requirements are necessary including an extensive geotechnical report for temporary shoring system adjacent to tracks etc. Financial Risk Risk due to unforeseen financial problems like Capital budgeting problem, price rise of raw materials, delay in funding, currency fluctuations, interest rate fluctuations etc. Measuring Risk Risk can be measured either qualitatively or quantitatively. The measuring technique depends on the nature of the project and risk involved. Qualitative Risk Qualitative risk analysis assesses the risks using the probability of occurring of the risk, the corresponding impact on project objectives if the risks do occur, as well as other factors such as the time frame and risk tolerance of the project constraints of cost, schedule, scope, and quality. (Lewis R. Ireland, 2006). Sometimes experts or functional units assess the risks in their respective fields and share these assessments with the team. Across the same project the definitions that will be used for levels of probability and impact should be the same. The organizations management, project customer or sponsor has an important role in the Qualitative Risk Analysis process. (David I. Cleland, 2006) The project sponsor defines for the risk analysis lead and team the levels of impact on time, cost, scope and quality that would qualify a risk as having a very low, low, moderate, high or very high impact on each objective. The project sponsor determines the combinations of probability and impact that make a risk low, moderate and high priority for each objective in light of the definitions just mentioned. Once the definitions are in place, team members assess the identified risks probability and impact and then put them into high, moderate, and low risk categories for each project objective (time, cost, scope, quality). They rank risks by degrees of probability and impact, using the definitions in place, and include their assessment rationale.(Lewis R. Ireland, 2006). Team members revisit qualitative risk analysis during the projects lifecycle. When the team repeats qualitative analysis for individual risks, trends may emerge in the results. These trends can indicate the need for more or less risk management action on particular risks, or whether a risk mitigation plan is working. Quantitative Risk Qualitative measurement of risk involves numerically estimating the probability that a project would meets its financial and time objective. Qualitative analysis involves evaluation of all the quantifiable risk and in most cases these risks identified are analyzed simultaneously to determine its affect on the project. The result is a probability distribution of the projects cost and completion date based on the identified risks in the project. Quantitative risk analysis in general involves statistical technique called Monte Carlo simulation. (Morgen Witzel, 2003). Quantitative risk analysis starts with the model of the project, either its project schedule or its cost estimate depending on the objective. The degree of uncertainty in each schedule activity and each line-item cost element is represented by a probability distribution. The probability distribution is usually specified by determining the optimistic, the most likely and the pessimistic values for the activity or cost elemen t this is typically called the â€Å"3-point estimate.† (Joseph Phillips, 2003) The three points are estimated during an interview with subject matter experts who usually focus on the schedule or cost elements one at a time. The risks that lead to the three points are recorded for the quantitative risk analysis report and for risk response planning. For each activity or cost element a probability distribution type is chosen that best represents the risks discussed in the interview. Typical distributions usually include the triangular, beta, normal and uniform.(Lewis R. Ireland, 2006) A specialized Monte Carlo simulation software program runs (iterates) the project schedule or cost estimate many times, drawing duration or cost values for each iteration at random from the probability distribution derived from the 3-point estimates and probability distribution types selected for each element. The Monte Carlo software develops from the results of the simulation a probability dis tribution of possible completion dates and project costs. From this distribution it is possible to answer such questions as: (Martin Stevens, 2002) How likely is the current plan to come in on schedule or on budget? How much contingency reserve of time or money is needed to provide the agency with a sufficient degree of certainty? Using sensitivity analysis, which activities or line-item cost elements contribute the most to the possibility of overrunning schedule or cost targets? Risk Response Planning Risk Response Planning is the process of developing options, and determining actions to enhance opportunities and reduce threats to the projects objectives. It focuses on the high-risk items evaluated in the qualitative and/or quantitative risk analysis.(Jennifer, 2005) In Risk Response Planning parties are identified and assigned to take responsibility for each risk response. The project manager identifies which strategy is best for each risk, and then design specific actions to implement that strategy. Some of the strategies are: (Winston W. Royce, 1970) Risk Avoidance: In the process of risk avoidance the project is changed so as to avoid the risk all together. In this kind of case the managers feel that it is a better option to change the project than to deal with the risk. Risk Transfer: Risk transference requires shifting the impact of the risk, along with ownership of the response, to a third party. An example would be the team transfers the financial impact of risk by contracting out some aspect of the work or taking out insurance in anticipation of a risk. Risk Mitigation: Risk mitigation is a process of reduction in the probability and/or impact of an adverse risk event to an acceptable threshold. Taking early action to reduce the probability and/or impact of a risk is often more effective than trying to repair the damage after the risk has occurred. Exploit: This strategy seeks to eliminate the uncertainty associated with a particular upside risk by making the opportunity definitely happen. Examples include securing talented resources that may become available for the project. Share. Allocating ownership to a third party who is best able to capture the opportunity for the benefit of the project. Acceptance. A strategy that is adopted because it is either not possible to eliminate that risk from a project or the cost in time or money of the response is not warranted by the importance of the risk. Monitoring and Control of Risk Risk monitoring and control keeps track of the identified risks, residual risks, and new risks. It also monitors the execution of planned strategies on the identified risks and evaluates their effectiveness. Risk monitoring and control continues for the life of the project.(Roland Gareis, 2006) The list of project risks changes as the project matures, new risks develop, or anticipated risks disappear. Periodic project risk reviews repeat the process of identification, analysis, and response planning. Risk ratings and prioritization commonly change during the project lifecycle. If an unanticipated risk emerges, or a risks impact is greater than expected, the planned response may not be adequate. Risk control involves: (Bjarne Kousholt, 2007) Choosing alternative response strategies Implementing a contingency plan Taking corrective actions Re-planning the project, as applicable The individual or a group assigned to each risk (risk owner) reports periodically to the project manager and the risk team leader on the status of the risk and the effectiveness of the response plan. The risk owner also reports on any unanticipated effects, and any mid-course correction that the manager must consider in order to mitigate the risk. References Paul C. Dinsmore et al (2005) The right projects done right! John Wiley and Sons, 2005. ISBN 0787971138. p.35 and further. Lewis R. Ireland (2006) Project Management. McGraw-Hill Professional, 2006. ISBN 007147160X. p.110. Joseph Phillips (2003). PMP Project Management Professional Study Guide. McGraw-Hill Professional, 2003. ISBN 0072230622 p.354. Dennis Lock (2007) Project management (9e ed.) Gower Publishing, Ltd., 2007. ISBN 0566087723 Young-Hoon Kwak (2005). A brief history of Project Management. In: The story of managing projects. Elias G. Carayannis et al. (9 eds), Greenwood Publishing Group, 2005. ISBN 1567205062 Roland Gareis (2006). Global project management handbook. Chapter 1: The evolution of project management. McGraw-Hill Professional, 2006. ISBN 0071460454 Martin Stevens (2002). Project Management Pathways. Association for Project Management. APM Publishing Limited, 2002 ISBN 190349401X p.xxii Morgen Witzel (2003). Fifty key figures in management. Routledge, 2003. ISBN 0415369770. p. 96-101. David I. Cleland (2006). Global project management handbook. McGraw-Hill Professional, 2006. ISBN 0071460454. p.1-4 states: It was in the 1950s when project management was formally recognized as a distinct contribution arising from the management discipline. 10. Booz Allen Hamilton History of Booz Allen 1950s Bjarne Kousholt (2007). Project Management -. Theory and practice.. Nyt Teknisk Forlag. ISBN 8757126038. p.59. http://www.ipma.ch/publication/Pages/ICB-IPMACompetenceBaseline.aspx F. L. Harrison, Dennis Lock (2004). Advanced project management: a structured approach. Gower Publishing, Ltd., 2004. ISBN 0566078228. p.34. Winston W. Royce (1970). Managing the Development of Large Software Systems in: In: Technical Papers of Western Electronic Show and Convention (WesCon) August 25-28, 1970, Los Angeles, USA. Jennifer (2005). Applied Software Project Management. OReilly Media. ISBN 978-0-596-00948-9. http://www.stellman-greene.com/aspm/.

Music Is Cool!!! :: essays research papers

I love music my TWO greatest type of genries are Rap and Alternative. I was really surprised how great that DR. Dre did! I think that Eminem and dre are great. Eminem is definetlt a new era of a rap star he is puttin out some mad skillz. Papa Roach has just came out with a super great song that is called last resort.I play basketball and i am a very emotional person i like songs that have a deep impact on me and a true meaning. Here is how the billboard charts are as of today:1 1 8 'N Sync: No Strings Attached 7 Jive | 41702 1 2 - 1 Soundtrack: Mission:Impossible 2 Hollywood | 162244 2 3 6 48 Santana: Supernatural 12 Arista | 19080 1 4 3 24 Sisqo: Unleash The Dragon 4 Dragon/Def Soul | 546816* 2 5 4 4 Joe: My Name Is Joe Jive | 41703 2 6 7 33 Creed: Human Clay 4 Wind-up | 13053* 1 7 5 3 Toni Braxton: The Heat LaFace | 26069 2 8 2 2 504 Boyz: Goodfellas No Limit | 50722* 2 9 14 37 Dixie Chicks: Fly 5 Monument | 69678 1 10 16 27 Faith Hill: Breathe 3 Warner Bros. (Nashville) | 47373 1 11 15 42 Macy Gray: On How Life Is 2 Epic | 69490* 4 12 9 42 Destiny's Child: The Writing's On The Wall 4 Columbia | 69870* 5 13 11 72 Kid Rock: Devil Without A Cause 8 Lava/Atlantic | 83119* 4 14 12 26 Dr. Dre: Dr. Dre -- 2001 4 Aftermath | 490486* 2 15 8 3 Cypress Hill: Skull & Bones Columbia | 69990* 5 16 10 20 Jay-Z: Vol. 3... Life And Times Of S. Carter 2 Roc-A-Fella/Def Jam | 546822* 1 17 20 14 3 Doors Down: The Better Life Republic | 153920 17 18 13 21 DMX: ...And Then There Was X 3 Ruff Ryders/Def Jam | 546933* 1 19 - 1 Hanson: This Time Around MOE/Island | 542383 19 20 18 38 Christina Aguilera: Christina Aguilera 6 RCA | 67690 1 21 - 1 Mandy Moore: I Wanna Be With You 550 Music | 62195 21 22 31 26 Celine Dion: All The Way... A Decade Of Song 6 550 Music | 63760 1 23 26 33 Marc Anthony: Marc Anthony 2 Columbia | 69726* 8 24 19 5 No Doubt: Return Of

Choosing a School Essay

Wanting to further your education, but faced with too many choices? Don’t think you can find the time in your busy schedule? There are many options out there now, that are becoming more popular. Not too long ago online schooling was not looked at as an acceptable method of education by employers. Before 2006 you could not even use a Federal student loan to attend an online school. As time has now shown both types of schooling, online and traditional, provide the same quality of education. Some traditional schools even offer some of their classes online to give you some freedom with your time while still being a part of the campus. Online versus traditional schooling offer different methods of learning that may appeal to students because of the atmosphere and the convenience. While both online and traditional schools do their best to cater to the needs of all their students, there are just some things that cannot be done online. If you are a visual or audio learner either type of school will work for you. If you are a hands on type of learner you might find yourself having an easier time learning in a more traditional school setting. This is not to say that you could not utilize an online school but, you may have a harder time or find it more time consuming having to find ways to turn your lesson into a physical thing that you have an easier time with. You have to be self motivate with an online school as well, the instructor is not at your home to remind you that paper is due in two days. If you need their help you have to try to call or e-mail. For some people not having an instructor at their disposal is not an option, they need someone to be almost looking over their shoulder encouraging them to press on, for this type of student online may not be the way to go. You have to be motivated to go the extra distance and use the resource available to you to further your education. The atmosphere is also different. With an online school you get to create your own atmosphere. If you find music helps you focus play whatever music you want. Have 20 minutes to spare after your shower? You can do your school work in your towel if you like. With an online education you can do your create a place that is comfortable for you. If one day you need to get out of the house you can still do your work just grab your laptop and go to the park, or beach. You don’t have to be tied down to the same building and surrounds with an online education like you do in a more traditional setting. You don’t have to deal with other distracting you, if your study spot has too many distractions move. In a more traditional setting you are confined to the same four walls surrounded by the same people daily. This provides a very structured place to learn but some people may find this boring and uncomfortable. Convenience is another big part of if an online school or traditional school is better for you is time. A traditional school is on a schedule, this makes working a full time job or trying to raise a family more difficult. With an online school you can work you classes into when you have free time. Many online schools have applications that you can use on you smart phone or tablet that will let you keep up on your discussion questions whenever you find yourself with free time. This relieves some of the stress of trying to find time to keep up with your work. Online schooling also provides you with the convinces of choosing what time is good for you to log in. you are a night owl and want to do your work at 3am, just long in. As long as you meet the requirements for attendance and participation, turning all of you assignments in on time, they won’t care what time of day you do your work. There are many of reasons to choose one school over another. It all comes down to your personal preference. Take the time to evaluate your needs and research your options. Every school whether it is online or traditional will better suite one person over another. Take your time; ask yourself the following questions before picking the school you are making a commitment. Do you need direct human interaction or can you just chat online? Will the busy schedule of your life allow you to take large chunks out of your day to go to school or will you have to break it up over the course of the entire day when you have time? These are all things you need to answer for yourself before you can pick a school that will be right for you. Online schools provide a greater freedom, where you are when you long in, when you log in, how active you are in your participation. They also require you to be more self motivated and responsible for yourself. Traditional schools will provide you with a more structured plan, you know when and where you have to be and you are surrounded by human interaction. The instructor is right there for you, if you find yourself needing extra guidance.

Doctor Faustus by Christopher Marlowe

Doctor Faustus by Christopher Marlowe Introduction The British literature of the epoch of Enlightenment is characterized by the prevalence of the poetry and drama as well as by the focus on the themes of morality and Christian values. The play Doctor Faustus by Christopher Marlowe can be referred to the modified genre of the Morality Play, which was popular at that time.Advertising We will write a custom essay sample on Doctor Faustus by Christopher Marlowe specifically for you for only $16.05 $11/page Learn More The Discussion The play Doctor Faustus by Christopher Marlowe can be referred to the genre of the Morality Play because it uncovers the theme of the Seven Deadly Sins. The genre of Morality Play was widely spread in the British literature of the Middle Ages. The focus on the moral qualities of the characters was the main distinctive feature of this genre (Morality play n.d.). In particular, we know from the play that Faustus, the main character, sold his soul to devil. He encountered wi th the Seven Deadly Sins, each of which warned him about the consequences of his choice. â€Å"BEEL. Faustus, we are come from hell in person to show thee some pastime. Sit down, and thou shalt behold the Seven Deadly Sins appear to thee in their own proper shapes and likeness† (Marlowe, 1965, p.70).Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More Although the play by Christopher Marlowe is not typical for this genre, it has a lot of its features. We can say that the author modified the genre a little bit and, essentially, made a breakthrough in the literature of that period. His literary innovations are considered to be the steps on the path from the traditional literature of the Middle Ages to the literature of the epoch of Enlightenment. Being inspired by the Medieval play Everyman, Marlowe wrote his own work by using the major themes of the play. However, Doctor Faustus is m uch more complicated work. The author tried to show that not the external circumstances determine human destiny but rather the inner world of the person does. His play uncovers his ideas and does this in the progressive manner. In particular, Marlowe uses the new literary techniques such as the blank verse. We can see that many lines of the play do not rhyme. In particular, â€Å"ROB. What, Dick, look to the horses there till I come again. I have gotten one of Doctor Faustus’ conjuring books, and now we’ll have such knavery as’t passes† (Marlowe, 1965, p.72). It should be noted that the character of Faustus revealed his complex and contradictory nature. He was tempted by the devil and did not pass the test. Seven Deadly Sins were stronger than his morality. The author of the play tried to show the tragedy of Faustus in his strong ambition and the low morality at the same time. He ruined his soul by himself because he lacked the right moral fiber to withst and the temptation. Faustus was the victim of his own desires. Conclusion In order to sum up all above mentioned, it should be said that the play Doctor Faustus by Christopher Marlowe represents the genre of the Morality Play in the British literature. At the same time, it should be emphasized that the author modified the traditions of the genre and introduced his own approach to the Morality Play. The belonging of Doctor Faustus to exactly this genre is proved by the main theme of the work, the spiritual struggle of the man with the Seven Deadly Sins.Advertising We will write a custom essay sample on Doctor Faustus by Christopher Marlowe specifically for you for only $16.05 $11/page Learn More References Marlowe, Ch. (1965). Doctor Faustus. New York, USA: Routledge. Morality Play? (n.d.). Retrieved from https://www.princeton.edu/

New Capitalism by Peston

New Capitalism by Peston Introduction The lucid facts, logical ideas, mindboggling thoughts and authoritative opinions presented in Richard Sennett’s highly revered book of â€Å"New Capitalism† have been increasingly debated over the recent past based on their relevance in the modern day society.Advertising We will write a custom essay sample on New Capitalism by Peston specifically for you for only $16.05 $11/page Learn More A few economic bigwigs have been able to come out in opposition of thoughts presented in that book, while a whole lot of many others have strongly defended it. So what really is it about this book that makes it a bone of contention for economists, economy-oriented academicians and even scholars from other fundamental disciplines such as sociology? Preliminarily, the book coherently outlines the earlier forms of industrial capitalism in both public and private organizations and its global impacts. From that background, he then goes a mile further and circumspectly analyzes the current form of capitalism which he calls â€Å"New Capitalism† and explicates its diverse effects including: the progressively widening gap between the â€Å"haves† and â€Å"have-nots† in the society, the rise of a new influential capitalist group of people based on their timely positioning in the shifting economy, socio-political and economic traumas of those who constantly face oppression from actions by the elitist class in the society and finally, Sennett presents possible solutions and practical initiatives that can help bring reform to this derogative new form of capitalism (Sennett, 2006). It is based on these documentations by Sennett that this paper is going to explain the current socio-economic and political happenings as selectively reported by the media on the amassed consequences of â€Å"New Capitalism.† Main discussion The evolution of New Capitalism and its consequences Just a few decades ago, banks were co nsidered as invincible institutions that could never collapse. Their perceived strength for a long time is what essentially ensured that economies of countries stayed intact in spite of repeated global hiccups Stelzer (2008). But looking at the current situation, one can not help but feel awed- if not sympathetic- at their rate of collapses which have in turn led to the tumbling of governments. This is the exact scenario that Sennett (2006) had forecasted, and many more sociopolitical happenings are further getting confirmed by the day. A recent expansively written article by BBC’s renowned writer Robert Peston in December 2008, clearly highlights how the dawn of the New Capitalism is adversely affecting Britain, USA and the world at large- and how the already grim situation can get grimmer if reformative steps are not taken. His article is primarily going to be the basis of analyzing and ascertaining projections by Sennett (2006).Advertising Looking for essay on busi ness economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More To begin with, many researchers observe that the current economic challenges that are being faced globally are principally because of them getting into huge debts. To this effect, Peston (2008, p.1) says that: We borrowed too much, especially in the US and the UK. And the process of paying the money back is not only leading to a fall in living standards but is also precipitating very significant changes in how the global financial economy operates. He goes ahead and cites that the most affected parties in this issue of borrowing are households and corporate institutions. And based on the fact that so much of the economy is controlled by these two parties, the resulting economic impact is devastating. Sennett (2006) explains this situation by saying that in the New Capitalism- which we are in fact already experiencing; societies will be enticed into taking huge debts by the cal culative money managers. Once this is done, the lenders will come to ask for their money when you least expect it. And if you can not pay it back, they will freeze your assets and booming businesses thus getting even more benefits than what should. This is the typical scenario that Peston is explicating above. Peston (2008, p.1) further preempts that the â€Å"Economic conditions in 2009 will be treacherous. Therell be a formal recession in most developed economies, and the economic contraction is highly likely to be more severe in the UK than almost anywhere.† And as we now know, most of the high performing and well-to-do economic countries have been on a downward spiral with the USA and UK being the most affected (Stelzer, 2008). According to Sennett (2006), this economic meltdown and economic tumbling further presents an opportunity for the rise of capitalists’ states that had foreseen this scenario ages ago and socio-economically aligned themselves accordingly. A g ood example is China who, according to Peston (2008, p.2), have been saving over the past decade as a country and as individuals. He additionally states that the Chinese have also been increasingly industrious over the past few years making viable (yet cheap) products, which are in turn exported to the USA and Britain. Then unknowingly, we borrow money from clever bankers who saved their money (or at times, from moneys that our governments borrowed from countries like China) in order to buy these goods. As a result, China and these few bankers keep on progressing financially while our nations continue spiraling downwards. Essentially, this is what Sennett means when he says that â€Å"the rich will keep on getting richer while the poor ones get poorer† (p.6).Advertising We will write a custom essay sample on New Capitalism by Peston specifically for you for only $16.05 $11/page Learn More Moreover, Stelzer (2008) and Peston (2008, p.1 and p.6) assert that the new age capitalism has resulted in higher numbers of unemployment. Peston (2008) equates this numbers to â€Å"The extraordinary volatility weve experienced in the price of sterling, commodities, energy, shares and capital which makes it so hard for businesses and investors to plan.† (p.1). He then collectively alludes that the remaining unemployment figures are as a result of tight budgets in economies which is making companies streamline their expenditure through cutting down of jobs (p.5-6). To this effect, Sennett (2006) says that the cutting down of jobs will only affect the tumbling economies and not those capitalist societies that had anticipated the socio-economic shake up. Again, this is the reason why China and India have been recently reported to have increased employment rates (Stelzer, 2008). Interestingly and sadly, this new brand of capitalism is making most governments use the common man as their financial cushion- when in real sense, it should be t he opposite. Accordingly, Peston (2008, p.3) notes that this â€Å"oppression† to the common man is comes in form of over-taxation and the reduction of support-funds. The money realized from the taxes are then used by the governments to try resuscitating the, seemingly, dying financial powerhouses like banks, state corporations, privately state owned investments among many others. As for the reduction in funds, this is simply meant to cut on the expenditure by banks and other donor organizations so that the money can be ploughed into other revenue-generating projects. According to Sennett (2006), this poses a great challenge to the â€Å"modern man† who has grown up relying on such funds. Consequently, the withdrawal or reduction of the funds leads to impoverishment of this people which further opens a door for a vista of detrimental effects like: low economic output, poor healthcare and in some cases, untimely deaths which wholesomely plunges these economies even more . In relations to the above point, Peston (2008, p.3) observes that once the banks have started facing problems, most money managers withdraw their moneys from banks and, in most cases, invest them in overseas countries or bank them in offshore accounts. This eventually leaves their native bank with no money to conduct its business. And as we all know, this cumulatively impacts negatively on the country’s socioeconomic and political setup (Sennett, 2006).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Notably important, Peston (2008, p.1) says that â€Å"For many years to come, whats happening will affect the relationship between business and government, between taxpayers and the private sector, between employers and employees, between investors and companies.† This is a trivially bad circumstance to end up in- based on the much we have witnessed so far. It is therefore important that we not only look at the consequences of the New Capitalism, but go a step further and show how we can curb or if possible, ultimately stop its negative effects. In doing so, we must first inherently establish its root causes (things that have contributed to it), then from here; we can get to uproot them and cultivate a new environment that nurtures positivity by offering possible solutions. So what/who is responsible for this perilous situation we are in? Contributing factors to the consequences of New Capitalism With regards to what/who is responsible for our current New Capitalism predicame nt, Peston (2008, p.5) says that â€Å"We’re all at fault to varying degrees.† Whether knowingly or unknowingly; we all have, in one way or another, contributed to the dilemma we are in. Starting with the government, Peston (2008, p.5) reports that â€Å"The authorities in the US and the UK were aware of the dangers of allowing the financial and trade deficits with China and other exporting nations to persist† but instead of correcting it through proper regulation of taxation and interest rates to reduce increased consumption; they chose to keep quiet thus landing us in our current quandary. Additionally, Peston (2008, p.5) says that the general public partly got themselves into the mess that they are in. Instead of questioning the ramifications of the colossal hedge funds and private booms of 2007 which were given at absurdly cheap terms; they blindly signed the dotted line and partook of the funds. As at now, most of them are still struggling with repaying tha t, when they would have simply avoided it in the first place. As for the banks’ role in the devastating implications of New Capitalism, Peston (2005, p.5) expressively notes that: A corollary of precisely this complacency was that central banks, such as the Bank of England, were hopelessly wrong in believing that the explosive growth of credit and the surge in the price of assets such as houses was somehow hermetically sealed from the rest of the economy, such that it wouldn’t damage everything when the bubble was finally popped. As we now know, the growth of credits was a porous plan that negatively impacted and still continues to devastate Britain’s economy. To make matters worse, Peston (2008, p.5) observes that: Regulators were negligent in allowing the creation of what’s become known as a shadow banking system, in which trillions of pounds of long term loans in the western economies were financed with credit that could be withdrawn far too quickly. A s a result, there was no fall back or something to adhesively hold the economy once financial shake-ups began hitting hard. Finally, Peston (2008, p.5) blames the media for agenda setting a platform for the negative growth of New Capitalism by ignoring to play the â€Å"watchdog role† and warning the world about this predicament. The way forward- possible solutions Of course banks and the government played a bigger role in getting us in this dangerous situation we are in; but going around negatively trumpeting each others’ names and pointing judgmental fingers to one another will not help us. So what is the way forward for Britain, USA and other parts of the world as well? Firstly, Zhou Xiaochuan’s sentiments that the US should take a leading role and adjust its policies, reduce fiscal deficits and increase its saving ratios since it is the world’s superpower; can be a good start (Peston, 2008, p.2). Factors like the heavy debts by the US and the falling down of prices might inhibit this, but in overall it is a venture worth trying (p.4-6). Peston (2008, p.5) just like Sennett (2006) say that massive printing of money can also help reducing debt. However, this should be done sparingly and cautiously to avoid high inflation like the renowned case of Zimbabwe. Personally, I think that the creation of more investment avenues for those at the grassroots of the society can also offer a good balance in the spread of resources thus reducing the gap between the rich and the poor. Once equilibrium is reached, the society is bound to progress as an entity and in-turn, having a positive socioeconomic impact on a global scale. This, among many other fundamental solutions, not stated, can be of invaluable help. Conclusion In finality, it is inevitable to note that New Capitalism is not an entirely bad thing. China, India, Japan, Saudi and other increasingly growing economies are typical examples to ascertain that (Peston, 2008, p.2). Additionall y, the increased networking and cooperation among various countries has been able to open up more trading avenues for investors to spread their financial tentacles. All we have to do is positively learn from our mistakes and forge ahead rather than just sitting down and blaming ourselves over past things that we can not change. References Peston, R. (2008) The New Capitalism. BBC News Web. Sennett, R. (2006) The Culture of the New Capitalism. London: Yale University Press. Stelzer, I. M. (2008) New Capitalism: Market capitalism in the United States will never be the same. Weekly Standard Web.