Business Decision Making Discussion Essay Example | Topics and Well Written Essays - 500 words

Business Decision Making Discussion - Essay Example 7) Should be able to multi-task occasionally. 8) Should be able to start work immediately. Generating alternatives: On the basis of evaluation of applications received, following alternatives were worked out: 1) Consider hiring a fresher as a part time contractual person with a training period during which he will be given a stipend and to award a salary and benefits when s/he is adequately groomed. 2) Hire an experienced part time contractual person. 3) Hire a freelance copywriter and ask him to do a few evaluatory pieces of copywriting on given subjects before finalizing her/his appointment and monetary deal. Rate each alternative on each criterion: 1) The first alternative did not match any of the criteria, because the company had neither the time nor the resources to groom a prospect. Besides, the trial-and-error methodology did not match with the company's immediate result-oriented need. 2). An experienced part time contractual person, although being compatible with all the criteria, was proving to be a costlier alternative than the freelancer.

To My Best Friend Essay Example for Free

To My Best Friend Essay I just wanted to tell you that I am so glad that we became friends. I do have friends that I could tell anything and not be judged but you are different; you are an exception. You are my sister, maybe not by blood but definitely by destiny. You love me for me, and I love you for you, no bargaining or explanations needed. Thank you for always being close to me even when we are in separate schools and separate stages of life. I know we don’t have the same interests most of the time and maybe we don’t hang out as much anymore. You hang out with your friends I hang out with my friends but thank you for not letting us be awkward and distant by facts like distance or time or interest. Thank you for never giving up on our friendship, for never shrugging and being like â€Å"Things change, people change† and suddenly drifting away. We can go days, weeks, months, even a year without talking to each other are still able to be close. When we do finally see each other again, it’s as if we’ve just seen each other the day before. We all get distant to a certain degree when we make huge transitions but you didn’t let me get very far because you knew what was truly important. You never got mad when I didn’t contact you for weeks because I was too busy being someone’s girlfriend, but you were right there to pick up my heart-splinters when things probably shatter. Thank you for believing in me when I was too weak and exhausted to believe in myself. Thank you for not judging me when I did something really stupid, but also thanks for telling me I was an idiot and probably shouldn’t have done the stupid thing. Thank you for always being honest. Thank you for believing me when everyone was against me. I don’t have to state what that problem was I know you know. Thank you for judging me at first but also thanks for finally believing in me when things were clear. Thank you for not letting that incident shatter our friendship. Thank you for loving me even though most were not there for me. Let others say what they want to say. You can never please everybody; you just have to prove them wrong by being you. Let your revenge be your sweetest smile and don’t drop to their level to prove your worth. Just bear in mind that we, especially your mom and dad, will always accept you for who you are. You don’t have to put on a mask for us to appreciate you. We know you are special and how important you are. Always remember, I will always love you no matter what happens. Whatever your family background is, what your past love lives were, no matter who you are and what you become, I’ll always be your sister. I will never leave you, AV Barrios. Thanks for all the great memories, long talks, and laughs. Thanks for being there through my ups and downs. Thanks for being the best friend a girl could have. Thanks for being true, and thanks for being YOU. You are truly the best friend I have ever had.

My Twelve Hours of Independence :: Personal Narrative

My Twelve Hours of Independence As the expansive tour bus inscribed with Arrow Stage Lines on both sides, pulled up to the station, I felt my heart leap with excitement. This was really happening to me. All this time of planning and anticipating, and now my dream was coming true! I could hardly wait to be on my own and to be away from my family for a whole week! Looking around, I could see only five other people that I knew. Four of these people were my family members and the other was a friend of mine who was going with me. The driver of the huge bus climbed down from his perch behind the wheel and introduced himself as Juan Alvarez. I loaded my luggage into the compartment below the bus, told my family goodbye, and walked up the steps of the bus. I soon met the three other people who were riding with John and me and then settled into my seat for the long bus ride to Liberty, Missouri where we would be attending the Farmland Youth Leadership Conference. The five of us were basically on our own. It was just us and the bus driver, who couldn't speak very much English. We had a lot of stops along the way to pick up other students attending the conference so we plugged in a movie and turned on the zone mode that would get us through the twelve-hour drive. After only one minor delay of our bus breaking down just outside of Denver, we had successfully picked up all of the attendees from Colorado. There were about twenty-five of us altogether. We changed drivers in Denver, then drove on towards Hays, Kansas, where we would pick up some more students. By this time, it was about 6:30 in the morning, and the bus was nearing the small town of Ellis, which is about twenty minutes outside of Hays. The movie Pure Country was playing, but I had fallen asleep long before it had started. It was just finishing when it happened. One minute I was comfortably curled up, lying across two seats and the next I was bounced into the aisle of the bus. Thankfully, John was sitting in the seat directly across from mine, so he helped me up out of the aisle and had me sit down next to him. I watched in horror as the bus sped through the grassy median and then bounced back on to the Interstate. The entire bus was in a state of confusion, as almost everybody had been asleep when the bus went off the road.

Ethics and Regulation in the Professional Asset Management Industry

Ethics and Regulation in the Professional Asset Management Industry 11 December, 2011 Whenever a person is hired to perform a service or look after the interest of another, the question of rules for interactions and transactions behavior arises. This is particularly important for the financial industry were portfolio managers may be entrusted with portfolio value of trillions of dollars , the inherent risks associated with financial investments and the fact that portfolio managers are often exposed to ethical conflicts. Hence, it is no surprise that the financial industry is highly regulated to ensure that there is a minimum level of acceptable practice. Guidelines are built on two legs – formal legally enforceable regulations and ethical standards. Both follow the overall principle that â€Å"portfolio managers will always act in the best interest of their investors†. Legal regulations are complex often with an interaction between state and federal laws. At the very basic level they establish adequate disclosure of information related to the investment process and provide anti-fraud protections. These cover aspects like documentation, reporting, fairness, timeliness and accuracy of information. At a more complex level, regulations cover specific investments types like for example retirement / pension assets that have different risk management requirements. Following are the principal Securities Laws for the Asset management industry and their primary target user: * Securities Act of 1933 for security issuers * Securities Exchange Act of 1934 for security brokers * Investment Company Act of 1940 for mutual funds Investment Adviser Act of 1940 for advisors and private managers * Employee Retirement Income Security Act (ERISA) for retirement asset managers and fiduciaries * Pension Protection Act of 2006 for pension fund sponsors and managers Several agencies / institutions are responsible to ensure these industry regulations are managed and followed: * SEC – U. S. Securities and Exchange Commission (the main federal agency) * U. S. Department of Labor (pension plans inc luding 401 (k) plans) * NASDR – National Association of Securities Dealer rules * U. S. Commodity and Futures Trading Commission * U. S Internal Revenue Services (tax policies) These financial regulations are the â€Å"1st leg† of regulating investor/agent relationships and they provide the legally binding and enforceable framework of conduct. The â€Å"2nd leg† comprises voluntary ethical behavior standards. They follow the same overall principle of â€Å"investors come first† but describe in much more detail how the clients/investors interest must always take precedence over the interests of investment professionals and their employers. Ethical guidelines are the indispensable as they fill a void space. Policies and regulations may punish illegal behavior but cannot prevent such abuses from happening in the first place. Also while some financial transactions may not have violated any laws but could still be to the disadvantage of investors because of unethical behavior. Thus, Ethical guidelines aim to establish a self-regulating, voluntary behavior to prevent abuses before happening and to provide guidance for aspects of financial transactions not covered by formal policies. Leading institute is the CFA, the Chartered Financial Analysts Institute https://www. cfainstitute. org/Pages/index. aspx, previously AIMR – (Association for Investment Management and Research), which established a code of ethics for its members. Key elements are: * act with integrity, competence, diligence, respect and in an ethical manner. * place integrity of the investment profession and interests of clients above own personal interests. * use reasonable care and exercise independent professional judgment when conducting investment analysis, recommendations and taking investment actions. This ethics code is complemented with precisely defined conduct and actions that are acceptable (or unacceptable). The Centre of Financial Markets Integrity founded by the CFA has created a comprehensive â€Å"Asset Manager Code of Professional Conduct† providing more detailed minimum standards for providing asset management services to clients. These standards extend the rules for individuals to those of entire investments firms. Of note, agents and companies strictly adhering to ethical standards may achieve higher trust and preference ratings from investors as well as employees. Therefore, it is in the own interests of financial institutes and agents to be a CFA member and follow their ethics code. However and despite these wide-ranging regulations in place investors’ interests are not always followed. Two reason fall mostly in two categories 1) Ethical dilemmas: these are situations where the â€Å"investor interest† evaluation is not straight forward, therefore posing an ethical dilemma for the agent. Examples include where an agent may occur expenses for costly company research or other expenses which may not be clearly to the benefit of the client. ) Guidelines must be put into daily practice. A policy by itself is not sufficient to achieve compliance. The responsibility is with the leadership of financial companies by creating a corporate culture that reinforces ethical behavior, by always leading with best example and by establishing a regulatory compliance framework with capability trainings, frequent internal communication, and by stric t enforcement. Closing remarks Much progress has been made in updating and raising the standards of legislation to be more comprehensive and to avoid a repetition of historical financial crisis. However, no matter how detailed regulations may be â€Å"the question really boils down to staying true both the spirit and the letter of the law. † (Carlo V. di Florio) This is the reason why ethical codes such as provided by CPA are a critical complement to legal regulations as they provide behavioral guidelines. In fact, efforts are being made to make the ethical behavior standards legally mandatory. 913 study submitted in 2011 for the Dodd-Frank act as well as FINRA and the code framework itself is in a constant process of updates and expansion (e. . the Shingle theory). This is encouraging and will provide further guidance â€Å"how to put the investors’ interests first†. The investor is playing an important role in the process as well: Being very specific about individual investment priorities, by selecting only CPA proven financial partners and, last not least, by staying in close contact with the agent to ensure the steady flow of information. After all à ¢â‚¬â€œ asset ownership also carries the owner responsibilities. References Brown,C. , & Reilly, F. K. (2009). Investment Analysis and Portfolio Management. (9 ed. ). Mason, OH, Cengage Learning. Carlo V. di Florio, director of the U. S. SEC’s Office of Compliance Inspections and Examinations (OCIE). downloaded on 08 December 2011, http://blogs. cfainstitute. org/marketintegrity/2011/11/30/fatally-flawed-compliance-without-ethics-in-the-investment-industry/ Carlo di Florio, Harvard Law School Forum on Corporate Governance and Financial Regulation, Nov 25-2011, downloaded on 08 December, http://blogs. law. harvard. du/corpgov/2011/11/25/compliance-and-ethics-in-risk-management/ â€Å"913 Study†: Study on Investment Advisers and Broker-Dealers as Required by Section 913 of the Dodd-Frank Wall Street Reform Act (January 2011), downloaded on 8 December 2011 http://www. sec. gov/news/studies/2011/913studyfinal. pdf Jon Stokes â€Å"Fatally Flawed: Compliance without Ethics in the Investment Industry† (30 November 2011)  · Enterprise Risk Management- Integrated Framework, Com mittee of Sponsoring Organizations of the Treadway Commission (September 2004)

Problems of Pakistan Essay

PROBLEMS OF PAKISTAN AND THEIR SOLUTIONS OUTLINE: 1.INTRODUCTION 2.PROBLEMS OF PAKISTANS A. INNER PROBLEMS a.TERRORISM b.SECTERIAN VIOLANCE c.ENERGY CRISIS d.POOR RULE OF LAW e.ECONOMIC MELTDOWN f.CORRUPTION g.POLITICAL DESTABILITY h.FLOODS i.INJUSTICE j.LACK OF NATIONAL INTEGRITY k.POVERTY l.UNEMPLOYMENT m.INFLATION B. OUTER PROBLEMS a.DRONE ATTACKS b.FOREIGN DEBTS c.LACK OF FDI d.WEAK FOREIGN POLICY SOLUTIONS a.TO CURB THE TERRORISM BY DIALOGUES AND MILIATRY OPERATIONS b.ENERGY CRISIS SHOULD BE TACKELED IMMIDIATELY c.RULE OF LAW SHOULD BE MIANTAINED AT ANY COST d.LONG AND SHORT TERM ECONOMIC POLICIES SHOULD BE LOUNCHED TO OVERCOME ECONOMIC PROBLEMS e.DAMS SHOULD BE MADE TO CURB WITH FLOODS f.UNEMPLOYMENT,POVERTY AND INJUSTICE SHOULD BE ERADICATED g.FAIR AND TRANSPARENT SYSTEM SHOULD BE LOUNCHED TO COPE WITH CORRUPTION h.ATMOSPHERE OF NATIONAL INTEGRITY SHOULD BE INSTALLED i.EFFECTIVE FOREIGN POLICY SHOULD BE MADE TO COPE WITH DRONE ATTACKS j.FOREIGN DEBTS SHOULD BE MINIMIZED CONCLUSION ESSAY: Today, pakostan is facing various problems. The intesity of these problems is increasing day by day.Infact, there are two types of problems, the inner problems and the outer problems.The inner problems like terrorism, secterian violance,target killing,energy crisis,economic meltdown,destability, poor rule of law,floods ,corruption ,injustice,poverty,unemployment,inflation and social disorder are weakining the country very fastly.On the other hand, the outer problems like drone attacks, weak foreign policy ,foreign debts,lack of foreign direct ivestment and foreign intervention are aloso detriorating the country to high extent.Owing to these problems the progress and development of the country has almost jammed.The economy of the country has shunned,the political destability has emerged,mobs and chaos has become the order of every day,religious intolrence has reached to its peak and the image of country has gone bad to worset.To overcome these problems, the government should take all necessary steps with proper planning.All the strategies should installed with tranparency to curb these problems.All the institutions and concerned authorities should lounche their steps in unity to cope these menaces.Apart from government, the individuals should also cooperate with government in this critical time to save the country.The above mentioned problems and their solutions will be discussed in appropriate manners in next paragraphs.

Expert Interview with Jerry Bernhart About Digital Marketing

Expert Interview with Jerry Bernhart About Digital Marketing Jerry Bernhart, Digital and Multichannel Marketing Recruiter of Bernhart Associates Executive Search, LLC, is also the author of Careers in eCommerce and Digital Marketing. He is one of the industry’s leaders and has an acute understanding of the field, which adds to his expertise. Jerry talked with us about hiring trends, digital marketing and the changing market, along with some tips for the job seeker. He shares valuable advice to anyone looking into the digital marketing field. Are there any important factors/trends in hiring that job candidates should know but often overlook?Many digital marketing candidates who are just getting into the field want to be all things to all people. You can’t know it all, and most of the search assignments I receive from employers who are looking for more junior-level talent have a specific need or a specific business problem to solve. They should try to specialize in one thing, get really good at it and then start thinking about addi ng to their knowledge base.How did you get into this niche of recruiting?I started out as a recruiter in direct marketing some 25 years ago. Moving into digital marketing and eCommerce was a natural transition for me because it’s all about marketing direct to the consumer.What are employers really looking for?Companies have never faced so much uncertainty and risk. In the space of only a few months, they can slip from market leader to follower. The ability to deal with major changes in the workplace, complete projects with very little direction, endure stress, handle multiple priorities – these are among the competencies that employers look for in all professionals, regardless of the industry they’re in. But this applies especially to digital marketing. What might have been considered a crazy idea one day might be the next day’s most anticipated experiment. Companies can test new ideas and try out new features on websites and get almost instantaneous resu lts. All businesses want their marketers to be adaptable, but in digital marketing that’s especially important because the only thing that doesn’t change is†¦well, change. Expect change to be the norm. Learn to adapt and you will stay a step ahead.What advice do you have for the frustrated job seeker?Network, network, network! One of the beauties of digital technology is that candidates these days have many more avenues for networking than their predecessors did just five years ago. Also, be open when it comes to location. There are plenty of excellent opportunities in places outside of the major metro areas. If you limit your search to a specific geographic area, expect fewer opportunities.How has the job market changed over the past 10 years or so, and where do you see it going in the next few years?The hiring process has been stretched out a lot. Ten years ago, my average search, from the initial call from the employer to the candidate’s first day on the job, usually didn’t last more than two months. Now, three months is the norm. Part of that is because employers have become much more selective. Many are looking for that â€Å"purple squirrel,† and some would just as soon let a position remain empty if they can’t find it.What does a digital marketing job candidate need to stand out?Attitude is number one. Employers want to hire a candidate who is going to be self-motivated. You can have all the skills in the world, but if you don’t show passion or enthusiasm, you won’t get very far!How should a candidate handle multiple job offers?It’s difficult to give a blanket response to that. Depends on the offers, depends on the timing, depends on a lot of things. Everyone’s situation is different. But multiple offers are a good thing because it gives you a choice. You need to have good negotiation skills to navigate through them. I take a very dim view towards accepting counter-offers.How hav e you seen the role of women in this industry change?It’s changed a great deal. In digital marketing in general, I work with as many women now as I do with men, although men still dominate the more senior-level eCommerce roles. I’m placing more women into technical positions than I ever have before, and they’re also representing an increasing percentage of the candidates I place in the corner office, like VPs and CMOs. In fact, I’ve placed TWO women into CMO roles just this year, more than during any year in the past!

Famine and Affulence Essay

Famine and Affulence Essay Famine and Affulence Essay While I was reading singer’s article I was having a hard time really understanding his point of view and grasp what he was trying to convey in the article. I personally do not share the same points or moral beliefs so it made it extremely difficult to relate to the article. I believe singer’s article is primarily about how we can make simple changes in our life styles like, not buying designer clothing for fashion and the appeal to looking cool but, rather out of necessity for warmth and protection. By looking into our self and establishing a standard for everybody that we all should give something back to famine societies whether it is 1 dollar or 100 dollars but, not to the point where you start to hurt yourself or you immediately family either just enough where you still provide sufficiently for yourself and your family but, also the care of a famine society where someone does not have the luxuries that we have or the abilities’ to care and need for them selfà ¢â‚¬â„¢s and their loved ones. His arguments are what are the moral implications of this moral situation? While at the same time he states he will not be morally neutral and argue for his moral position that he takes. Secondly he argues that if we have the power to prevent something bad from happening that we ought, morally, to do it. While singer is defending his moral stand point and hoe his beliefs are tied into his article, singer, also makes some very good counter arguments on his position with his position on them as well. Beginning his paper you get the strong scene that he has a very strong moral stand point on the power to prevent something bad to happen. If we have the power to stop something bad from happening weather it is near or far why would you choose not to? You can take something with little moral siginanifance like a wet out fit to save something with a very high siginanifance like a young boy drowning in a shallow lake or you can give to famine charities where that will feed and clothe someone for a week and provide warmth and comfort. As he mentioned weather you are near or far the point is the same but you may have a different moral standpoint if it was rather far than near. Secondly is the proposal of the drastic revision of the moral scheme. While he is not taking a neutral stand point but rather his own conclusion and while he stats that it is a moral point of view that makes us look beyond our own interests of our own society. While at the time the article was written it was not feasible for this to work but in today’s society we as a whole have the power and abilities’ to make this a very real possibility for countries and famine society’s that are still in need of help and support. Lastly singers has another point he really came off as the relative suffering and finding a permanent solution to the ever growing population and inserting a standard guide line on number, to prevent and maintain a healthy manageable population. Singers concept on m arginal utility at the moderate level is defined as giving to the society to a point where our self’s do not fall below that margin our self’s while at the same time providing a balance back to society however, it will likely stay at the high marginal utility and even though we have the means to stop and prevent and stop most bad things from happening we choose to stick to our own morality and not see the out sides. Singer also mentions duty and charity and how the two are seemingly the same and at the same time have become so different over time. Charity is something we do to help and support other who need it as well gives a scene of pride but, singer claims there is no real thing as a true charity due to all of the strings that are now attached on the other hand there is duty and that is something you are obligated to due. He mentions that they help and hurt each other because if there is too much charity they the lack of duty is prevalent and if there is lack of ch arity then the obligation of duty

8 customer service tips every retail employee should have

8 customer service tips every retail employee should have Dealing with sometimes demanding, sometimes ornery, sometimes outright hostile customers may be the biggest challenge any retail employee must face. Retail places all employees in a veritable public relations position because the way employees handle customers reflects on the business as a whole. That’s why management is generally adamant about all employees possessing ace interpersonal skills- even if those employees don’t spend their days behind the customer service desk. So no matter if you’re a stock clerk, cashier, or floor manager, you may learn a thing or 8 by perusing these customer service skills every retail employee needs to know to succeed. 1. Be patientThis one is Customer Service 101. Simply being patient may also be tougher than it sounds. A customer, especially an agitated one, can really try your patience with demands or complaints. Just remember that your customer’s needs and emotions come before your own. Take the time to listen to your customer’s problems without allowing him or her to dominate the conversation or distract you from your duties. When you figure out the problem and how you can solve it, politely wrap up the conversation so you can take care of your customer’s request. Most customers will appreciate a swift end to their ranting if they think their needs are about to be met.2. Remain positive- no matter whatDon’t wait for the customer to set the tone of a discussion, because a disgruntled one probably won’t be gearing up for the most pleasant exchange in the world. Greet all comers with a smile and a cheerful, â€Å"How may I help you?† Hopefully your positivity will rub off on the customer so that the tone of the conversation doesn’t go south.3. Be ready for anythingOne thing any retail worker learns quickly is that the workday is unpredictable. Things can be going smoothly for hours, but all it takes is for one sourpuss to bust through the door for the workd ay to take a wrong turn. So always be ready for any eventualities. Remember that you are at work, and you must deliver quality customer service on a dime regardless of your own state of mind.4. Know your businessFew things will frustrate customers in need more than the notion that they are talking to someone who cannot help them. What’s more, few things are more frustrating or bewildering for retail employees than feeling as though they don’t know what a customer wants. Prevent those situations by knowing the ins and outs of all aspects of your business. For example, you may not work in layaway, but you should still know what it is in the event a customer wants to pay for an item at a later date. Having an answer to any question will set the customer at ease and keep you in control of all situations.5. Hone your communication skillsAnother key to staying in control is communicating well. This does not just mean speaking audibly, confidently, and properly. It also requi res you to be aware of your own body language. Maintain eye contact with the customer. Uncross your arms. Stand up straight. These traits convey the air of confidence that will make your customers feel as though they are in good hands.6. Find the problemWhile it is your duty to always communicate well, you cannot always expect the same from your customers. Yet it is still your job to help them. So you may have to sift through some irrelevant or confused talk to figure out what exactly your customer wants. That should be your goal, no matter how angry or garbled the language that’s coming your way.7. Read between the lines if necessaryUsually, you don’t have to be a body language expert to read your customers effectively, as customers tend express their moods clearly. Some may be tricky though. For example, a customer may ask for help with a particular work-related issue, but the real agenda is that he or she is lonely and just wants to talk to someone. In such cases, b e polite, be sensitive, but bring the conversation to as quick of an end as possible so you can get on with your duties. In other cases, customers might just be looking for a fight. Never take the bait. Bring the confrontation to as quick and polite a conclusion as possible, and if necessary, just walk away and allow security to step in before things get out of hand.8. Stay coolNo matter what the customer’s tone or problem may be, you must always greet them with professionalism. Don’t let them rattle you. Keep your cool. Get into character as if you are playing the role of the world’s greatest customer service representative- even if your main job is to stock shelves or work the register.Always remember that you are an important member of the organization and it is your job to represent the company positively, competently, and calmly whenever dealing with its customers.

Is a 'Surveillance Society inevitable in the age of new media Essay

Is a 'Surveillance Society inevitable in the age of new media - Essay Example others construe to the transformation as a commencement pause from the total political fashions of the past times along with their calamitous results. It is quite significant to comprehend that this sense of moribund courteousness and contribution has established itself concomitantly with the propagation and broadening implementation of the new-fangled information and communication technologies or the ICTs, in particular to the internet as well as the world-wide web. Still, the interaction media are frequently supposed by description to be communal incorporating, thereby, generating a standardized eminent chore which delineates a communal majority (Lievrouw, 2001). This conviction has branched-out to various discourses regarding the internet and online communal groups, along with current experiential analyses. The global internet crops up with the foundation for an unmatched world-wide concord as well as communal justice progress all throughout the period of terrorism, war, and severe political combats. In the same way, the internet has experienced deep-seated alterations all throughout this period. Innovative web-forms have cropped up at the hyper-textual anatomical design of the internet, even as various online mechanisms have evolved from the technological tassel to embellish in to a centralized attribute of routinal life on the World Wide Web. Hence, this paper would analyze the way media has turned constantly political in current times, and how its growth structure has augmented politics in general terms. Critical financial times regrettably appear to bring along an increment in all sorts of offences. No matter which field an individual or commune belongs to, they are always at a stake of some form of

Industrial Organization Term Paper Example | Topics and Well Written Essays - 500 words - 2

Industrial Organization - Term Paper Example The seller sets PËÆ'Ã' ²S, buyer holds its belief while the seller makes no sells if PË‚Ã' ²S. (c) The buyer only buys at PË‚Ã' ²B but the seller is at take it or live and only willing to sell at P≠¥Ã' ²S.so the expected utility of the buyer will be at only P≠¥U, thus the utility will be u=Ã' ²B if he buys the product and 0 if he does not. As long the seller sets its price P≠¥Ã' ²S, there would be no clearing price and no trade takes place between the two as the buyers are not willing to spend more. (d) High prices reduces public demand hence little trade takes place between sellers and buyers {Tirole Jean, 1988}. In real life sellers actually set prices so as to compensate their production cost equivalent to MC and does not reduce it since they would make a loss. (a) Probability of buying high quality=4/5 and the probability of buying low quality=1/5. Since the product quality are observable, the willingness to buy high quality is 4/5 while the willingness to buy low quality is 1/5. (b) (i)As the firm provides warranty they incur extra cost of w. thus expected utilities becomes, for high quality  ½[10Ãâ€"4/5+0]=4. Expected utility for low quality,  ½[1/5Ãâ€"4+0]=0.4(Tirole & Jean, 1988). Since the expected utility for high quality is higher than the low quality and the information is unknown, consumers will go for higher quality foregoing the low quality. If low quality offers warranty they will make no sales thus their warranty is 0 while setting their price at c/PL=0.8=p. (c) If firms cannot offer warranty and the consumers are rational, they will go for high quality products since information is believed to be asymmetric. Consumers will buy products that will last and sure will work. (d) Profits of b is less than the profits of c. since consumers are assumed to be rational in c, there would be more sales as more high quality products would be sold as opposed to when the information is unknown in b. (e) In case of two firms, a firm with higher warranty would make

Market segmentation Research Paper Example | Topics and Well Written Essays - 500 words

Market segmentation - Research Paper Example The market could be segmented into three major groups – young adults (age 22 to 35), middle – aged (age 36 to 50) and senior citizens (51 years and above). Nevertheless, the business scope (in terms of sales volume) of Chevy Volt is relatively high for first two segments because these consumers are tilted towards new hybrid vehicles and eco-friendly products (Welch, 2010). It is justified to argue that GM has currently a small market because there are fewer customers in the market that could easily acquire a $40,000 car in bleak economic scenario (inflation, high gas / fuel prices and unemployment). Indeed, GM sold only 647 vehicles in first 2 months of launch that confirms aforementioned argument (Jin, 2011). It should be emphasized that GM competes with Japanese makers like Toyota, Honda and Nissan that could easily produce and market a hybrid in range of $17,000 – 33,000. Therefore, GM has been planning to increase its production and sell 25,000 units a year. This would definitely enable GM to reduce Volt’s total market price by $8,000 – 12,000, thereby increasing its competitiveness and attracting a large pool of middle – middle customers.

Naval History Essay Example | Topics and Well Written Essays - 1000 words

Naval History - Essay Example The Great Britain in a competition to match German Naval Power, constructed large battleship referred as HMS Dreadnoughts; this battleship was the dominant naval technology in the 20th century. People had a strong impression on this ship and many countries, specifically Germans were uneasy with British dominancy on Naval Space.1 The United States also constructed a more sophisticated Battleship referred as the HMS Agamemnon; this ship was constructed under President Roosevelt’s regime in the early 1902. The HMS Agamemnon was characterized by high-firing gun caliber. Before construction of the Agamemnon, the United States of America had also constructed HMS Dreadnoughts. Another similarity in relation to naval innovation between in the United States of America and the Great Britain was exhibited in the manner by, which the battleships were constructed. The HMS Dreadnoughts constructed by the United States of America and that constructed by the British, were fitted with Long Range Gunnery, however, they could only fire within a short period of time. The Idea of the fitting HMS Dreadnoughts with Long Range Gunneries was emulated by the United States in 1903, after the Yalu River Battle with Japanese: These long range gunneries were referred as Torpedoes. Similarly, the British Navy also saw the need to engage their opponent from long ranges of approximately 6000ft when using HMS Dreadnoughts. 2 Additionally, the use of Sub-Marines was an idea that was emulated by the United States as well as the Great Britain in the First and the Second World War. The use submarines to undertake naval warfare in the early 1900’s was perceived as a crude approach towards war both in the United States and the Great Britain. However, submarine as a naval technology was also subject to change and improvement and both the nations emulated the use of different classes of submarines i.e. the United States used the U-class models among other models,

Demographic transition Essay Example | Topics and Well Written Essays - 500 words

Demographic transition - Essay Example Phase I is mostly seen in pre-industrialized countries (Galloway & Patrick,1986). Most developing countries are in the Phase II of the transition. In the second phase, the state of equilibrium in the population is lost and death rate is exceeded by birth rate thereby leading to a â€Å"population explosion.† This change is subjected to the fact that better facilities such as good sanitation, nutrition, health facilities etc. are implemented. Such measures help in checking the rate of mortality and increase the lifespan. Though the death rate is lowered the birth rate remains high because most of the people looks upon children as assets who will help bring in money into the family. These growths in population triggers the next stage of transition i.e. Phase III. In this phase a decline in birth rate is seen. This decline is seen because the population is educated and use contraception. Most of the people earn more and therefore do not look upo children as assets and parents realize that children need to be looked after well (Lee, 2003,p 170).â€Å"Some of the improvement in child survival is itself a response to parental decisions to invest more in the health and welfare of a smaller number of children† (Nerlove, 1974). In phase IV, both birth and death rates reduce drastically. This is because of societal changes where too many children are looked upon as hindrance in leading a good satisfactory life and hence both fertility and birth rate falls. According to researchers, the factors that are primarily responsible for declination in the Crude Birth rate include education among women, use of contraceptives, medical facilities which help in survival of babies thereby eliminating need for reproduction of more babies. On the other hand better health facilities, newer technologies and infrastructure, faster transport and higher earnings trigger declination in Crude Death rate. All developed

Naval History Essay Example | Topics and Well Written Essays - 1000 words

Naval History - Essay Example The Great Britain in a competition to match German Naval Power, constructed large battleship referred as HMS Dreadnoughts; this battleship was the dominant naval technology in the 20th century. People had a strong impression on this ship and many countries, specifically Germans were uneasy with British dominancy on Naval Space.1 The United States also constructed a more sophisticated Battleship referred as the HMS Agamemnon; this ship was constructed under President Roosevelt’s regime in the early 1902. The HMS Agamemnon was characterized by high-firing gun caliber. Before construction of the Agamemnon, the United States of America had also constructed HMS Dreadnoughts. Another similarity in relation to naval innovation between in the United States of America and the Great Britain was exhibited in the manner by, which the battleships were constructed. The HMS Dreadnoughts constructed by the United States of America and that constructed by the British, were fitted with Long Range Gunnery, however, they could only fire within a short period of time. The Idea of the fitting HMS Dreadnoughts with Long Range Gunneries was emulated by the United States in 1903, after the Yalu River Battle with Japanese: These long range gunneries were referred as Torpedoes. Similarly, the British Navy also saw the need to engage their opponent from long ranges of approximately 6000ft when using HMS Dreadnoughts. 2 Additionally, the use of Sub-Marines was an idea that was emulated by the United States as well as the Great Britain in the First and the Second World War. The use submarines to undertake naval warfare in the early 1900’s was perceived as a crude approach towards war both in the United States and the Great Britain. However, submarine as a naval technology was also subject to change and improvement and both the nations emulated the use of different classes of submarines i.e. the United States used the U-class models among other models,

Emerson Essay Example | Topics and Well Written Essays - 1250 words

Emerson - Essay Example Emerson, a former preacher forced from his church for preaching his own radical ideas on Christianity, uses strong arguments to try and get us to understand his individual philosophical perspective. Emerson tries to be the embodiment of every man not merely the writer/intellectual. He seeks affinity with all men striving for individuality, especially those disillusioned with society's constraints. Just because not conforming to the expectations of society was a compelling discovery for Emerson, one hundred and fifty years ago, today it is unlikely to rally the same enthusiasm Emerson had then. Especially when Emerson exhorts: "Whoso would be a man must be a nonconformist. He who would gather immortal palms must not be hindered by the name of goodness, but must explore if it be goodness. Nothing is at last sacred but the integrity of your own mind. Absolve you to yourself, and you shall have the suffrage of the world." (Emerson, pg. 876) Have we found that power to trust ourselves "And we are now men, and must accept in the highest mind the same transcendent destiny; and not minors and invalids in a protected corner, not cowards fleeing before a revolution, but guides, redeemers and benefactors, obeying the Almighty effort and advancing on Chaos and the Dark" (Emerson, pg. 875) "Self-Reliance" expressed the need for creative ... The quote "To be great is to be misunderstood" (Emerson, pg. 879) exemplified those who shunned ideas regarding new thought and theory during his time. Today's era echo's a different chord. We constantly thrive on the newest and latest in writing, music, television and video games. We are easily bored with things unimaginative, over used and over-romanticized. Entertainment has become very individualized. As for self-sufficiency, what kid attending his first day of school isn't already inundated with the prospect of being programmed to become self-reliant If a child appears too dependant early on, parent-teacher conferences are soon in order to correct the problem. Independence is revered; free spiritedness that creates chaos is frowned upon, in classrooms and in society. Emerson muses: "What I must do is all that concerns me, not what the people think. This rule, equally arduous in actual and in intellectual life, may serve for the whole distinction between greatness and meanness. It is the harder, because you will always find those who think they know what is your duty better than you know it. It is easy in the world to live after the world's opinion; it is easy in solitude to live after our own; but the great man is he who in the midst of the crowd keeps with perfect sweetness the independence of solitude." (Emerson, pg. 877) Again, Emerson's romantic notion of the free thinker on his mountain top living by his own set of values and beliefs is not a new concept today. Our society freely condones creative thinking as long as it doesn't infringe upon the rights and freedoms of others. We've gone full-circle in terms of expressing individuality and freedom. Our freedom

Videogame Addiction Essay Example for Free

Videogame Addiction Essay Jeffrey Stark knew he was in trouble when his grades dropped from 90s to 70s and he had lost all his friends. He was spending far too much time and effort feeding his addiction. Stark wasnt shooting heroin or drinking alcohol. He was playing computer games. Getting hooked on computer games has stripped me of countless valuable hours which could have been spent studying, says Stark, 18, of London, Ont. I am now antisocial and have very few friends. (Andrew Flynn) This story is not a unique one. Video games have been known to consume people to the point that their lives are falling apart. Video game addiction has wrecked people mentally, ruined professional careers, and destroyed marriages. Video game addiction is a growing epidemic around the world. It is an issue that needs to be dealt with so thousands of people can get the help that they need. Jun. 28Skip to 2012: Lindsay Lohan checks into treatment because the actress just cant stop hitting the barsthe falling block-bars on Nintendo Tetris. A 33-year-old office worker is fired because he wouldnt stop playing World of Warcraft 3 on the job. He sues and is awarded back pay and reinstatement, along with the accommodation that he be allowed at least three raids per day on the computer game. These scenarios could come to be if the American Medical Association classifies video game addiction as a mental condition tantamount to dependence on drugs and alcohol. (Arizona Daily Star) Now this might seem far fetched to some people but scenarios like these could be a very real and frightening possibility. When video game addiction becomes a real medical disease, people all around the world will be affected. For example, if this happens video game addicts will be given breaks to get their fix similar to smokers, and with the fact that seven out of ten homes in America have a video gam e console in them, this would be harmful to everyone. Employers everywhere will lose out on possible income they can make. In Tucson mental-health experts welcomed the study, saying  the problems are real and on the rise. But some devout gamers say the issue is overhyped.It is a valid addiction, said Paul Gallant, a clinical outreach coordinator for Sierra Tucson, a treatment center for addictions and mental disorders. He said hes seen a 20 percent increase in calls regarding compulsive gamers in the past 18 months. One case involved a 22-year-old college student who spent up to 20 hours on a computer game every day, and had failed classes and lost his job. It meets many of the classic criteria for process addiction, Gallant said. Many people who doubt that these cases are addictions do not understand neurochemistry or the working of the addictive brain. Many people feel that unless theres ingestion of a mind- or mood-altering substancewhether it be heroin, cocaine or alcoholwithout that, addiction cannot be present, and thats a lie. Video game addiction can be very disruptive, costing gamers jobs and relationships, said Christi Cessna, Sierra Tucsons director of marketing and intake. Its had a serious impact on lives, and frankly thats one of the reasons the (American Psychiatric Association) is looking at it as a diagnosis, she said. (Phil Villarreal) Video game addiction has a severe effect on your social life. Its similar to the idea of Internet addiction in that people are using video games to kind of disassociate from their lives in some way, Cessna said. We are getting calls, which is a challenge because no program out there specializes in video game addiction itself. Those hooked on gaming also may suffer from additional problems, such as anti-social behavior and depression, she said. (Phil Villarreal) This can be very disruptive costing people jobs and relationships and it one of the main reasons that the American Psychiatric Association. People have been using games to distance themselves from reality for decades but now with the type of games that are out now, one such game is World Of Warcraft. World of Warcraft or WOW for short, is a MMO RPG (Massively Multiplayer Online Role-playing Game) where you create a character from a number of different races and level up and go on quests. This game thats set in a fantasy world where someone can literally make a second life. For many people out there life might not be ideal and lots of gamers seek out happiness in games which is perfectly fine and healthy to an extent, but some people take it too far. For most hardcore addicts, they  will willingly forgo food, hygiene, and jobs to play a game instead. One case involved a 22-year-old college student who spent up to 20 hours on a computer game every day, and had failed classes and lost his job. to go back to this quote from earlier, video game addiction needs more attention and people need help; just like alcoholics have AA for help with their addiction, video game addicts need something similar. Although in recent years video games have got a bad rap. They have been accused of causing people to be violent and things of that nature which is untrue as proven in USA Todays article Study the Player, not the Video game, If youre worried about a video game turning your son or daughter into a killer, dont worry about that, says psychologist Patrick Markey of Villanova (Pa.) University. But is your kid moody, impulsive, or are they unfriendly? Its probably not the best idea to have that child play violent video games. With all that being video games can be used for good. In the past the authors have referred to games as good â€Å"learning engines.† Here they argue that games are good learning engines because they are first good assessment engines.Games require the kind of thinking that we need in the 21st century because they use actual learning as the basis for assessment. They test not only current knowledge and skills, but also preparation for future learning. They measur e 21st century skills like collaboration, innovation, production, and design by tracking many different kinds of information about a student over time. As an example of how epistemic games can be used as assessment tools, the authors describe a game they developed called Urban Science, in which players work as urban planners who are creating proposals for the development of an area adjacent to a large wetland. Epistemic games can be used to test whether students can solve complex problem using 21st century skills. Thus the authors suggest that the road to better schools starts by making the tests in school more like the games that students are already playing out of school. (James Gee, David Shaffer) Video games have been used by the military to help soldiers become better on the battlefield, in recent years schools have been pushing more interactive learning video games to keep students interested and having fun which in turn make you learn more. In conclusion video game addiction is a real epidemic. It affects millions of people every day. It has been know to ruin professional careers, destroy personal relationships, and have a grave effect on someones social life. Currently today there really isnt a good option for gamers to go to get help. Alcoholics and many other forms of recognized addictions have large and very effective and helpful organizations dedicated to alleviated peoples addictions yet videos game addicts do not. This is an issue that needs to be addressed because if it isnt, it will affect us all. Bibliography Flynn, Andrew. Its No-Win for Those Hooked on Games. Toronto Star. 27 Apr 2002: L9. SIRS Issues Researcher. Web. 20 Nov. 2013. Gee, James Paul, and David Williamson Shaffer. Looking Where the Light Is Bad. EDge. Sep/Oct 2010: 1-20. SIRS Issues Researcher. Web. 20 Nov. 2013. Jayson, Sharon. Study the Player, Not the Video Game. USA TODAY. 15 Sep 2011: D.3. SIRS Issues Researcher. Web. 20 Nov. 2013. Steinberg, Michele. Programmed to Kill: Video Games, Drugs, and the New Violence. 21st Century Science Technology. Fall 2000: 16-22.SIRS Issues Researcher. Web. 20 Nov. 2013. Villarreal, Phil. Experts: Video Game Addiction Is Real; Players Scoff. Arizona Daily Star. 28 Jun 2007: n.pag. SIRS Issues Researcher. Web. 20 Nov. 2013.

The Effect Of Financial Constraints On Small And Medium Enterprises Finance Essay

The Effect Of Financial Constraints On Small And Medium Enterprises Finance Essay CHAPTER 1 Introduction The relation between financial constraints and the survival and growth of the SME has been document across Africa and world. The researcher will look at the economy of Kenya and make evident of the financial constraints that are facing the small and medium enterprise hence affecting the survival and growth of small and medium size enterprises. There is a need to research in this field since the SME are the backbone of the Kenyan economy. In fact with the growing inflation, not to mention the difficulties the SME have in accessing the financial aids they are barely making it to the second birthday. Overview of the Context Kenyan is a developing country in Africa. The increasing role of the SME sector is confirmed by the recently completed Kenya 2003 Economic Survey, According to the survey, total employment recorded in the informal sector increased from 3.7 employees in 1999 to 5.1 million in 2002, while the formal sector increased only from 1.74 million to 1.76 million employees during the same period. However, the growth of the informal sector in number of employees does not necessarily reflect growth and high productivity of the enterprise itself, as the number of informal sector companies grew largely because of the depressed formal economy and under employment in the formal firms. Having said that, the SME in Kenya faces a lot of challenges and one of them is the financial constrains which really inhibits its growth and survival. Hence the call for this research paper. The researcher will use the research methodologies to extract evidence that really financial constraints is a major factor that affect the growth and survival of the SME in Kenya. Statement of the problem. In Kenya, SME have little access to finance, which thus hampers their emergence and eventual growth and survival. Financial constraint remains a major challenge facing SME in Kenya Wanjohi and Mugure (2008) and this will be evidence in this research paper. Their main sources of capital are their retained earnings and informal savings and loan associations, which are unpredictable and not very secure. SME can rarely meet the conditions set by financial institutions, which see them as a risk because of poor guarantees and lack of information about their ability to repay loans. The financial system in most of Africa is under-developed however and so provides few financial instruments. The researcher has come up with some of the reasons why SME find it hard to access finance in Kenya: High interest rates by the financial institutions Delay in the loan processing due to lack of securities and other requirements by the financial institutions. Some of the SME do not have a good track records hence most of the local banks fear to give them the unsecured loans. Banks are particularly nervous of smaller businesses due to a perception that they represent a greater credit risk. Kariukis (1995) study of bank credit access in Kenya illustrates this point further. A survey of 89 small and medium-scale firms in manufacturing and service industries, combined with secondary information from commercial banks, found that from 1985 to 1990 the average real volume of credit for the sample firms fell, except for the year 1986 which showed a marginal increase of 1.5 per cent. Small scale borrowers were found to be faced with higher nominal interest rates at higher inflation rates in the latter half of the 1980s. Moreover, the explicit transactions costs of borrowing were found to be high in relation to interest costs. Because the information is not available in other ways, SME will have to provide it when they seek finance. They will need to give a business plan, list of the company assets, details of the experience of directors and managers and demonstrate how they can give providers of finance some security for amounts provided. The researcher recognized that in the current context of the most severe financial and economic crisis in decades, various factors such as increased risk aversion, decreased liquidity, bleak prospects for economic growth, etc. are having or are expected to have a highly negative effect on SME and entrepreneurs access to short and long term financing. Small firms are particularly vulnerable because: It is more difficult for them to downsize since they are already small. They are individually less diversified in their activities. They have weaker financial structures or lower capitalization. They have lower or no credit ratings. They are heavily dependent on credit. They have fewer options for finance, especially in financial markets. With this in view, the measures that most governments are taking or planning to take to counteract the effects of the crisis and stimulate their economies should include easing SME and entrepreneurship access to finance. Numerous money lenders in the name of Pyramid schemes comes up, promising hope among the SME that they can make it to the financial freedom through soft borrowing. The rationale behind turning to these schemes among a good number of entrepreneurs is mainly to seek alternatives and soft credit with low interest rates while making profits. Objectives The general objective of the research is to establish the effects that the financial constraints have on the survival and growth of the small and medium enterprises in Kenya. Some of the specific objective that the researcher will bare in the study will evolve around the small and medium sized enterprises in Kenya. To establish effect of economic activities on the survival and growth of the SME in Kenya. To assess the impact of high interest rates by local commercial banks on the survival and growth of the small and medium sized enterprises in Kenya. To establish the effect of commercial banks lending policies and access to credit on the growth and financial performance of SME in Kenya. To establish the effect of the firm capital structure on the growth and survival of the small and medium enterprises in Kenya. To establish the impact of government policies in Kenya on the economic growth on the survival and growth of the small and medium business. 1.5 Research Questions How do high interest rates affect the survival and growth of the firm in Kenya? What effect do the banks lending policies and access to credit have on the growth and survival of the SME in Kenya? How do the government policies in Kenya on the economic growth affect the survival and growth of the small and medium sized business? What effect do the external borrowings have on the survival and growth of the small business enterprises in Kenya? How the economic activities affect the growth and survival of the firm in Kenya? 1.6 The significance of the study. Small and medium sized enterprises are the backbone of virtually all economies in the world. However, the process has long been constrained by the limited availability and accessibility of financial resources to meet a variety of operational and investment needs within the SME sectors. SME and entrepreneurs play a significant role in all economies and are key agents of employment, innovation and growth. A significant number of entrepreneurs and SME could use funds productively if they were available, but are often denied access to financing, thus impeding their creation, survival and growth. Although SME form a broad spectrum as far as their relative size, sector of activity, seniority, location and performance are concerned; there is a vital need for innovative solutions for their financing in particular for innovative and high- growth SME in a globalised knowledge-based economy. The researcher however will be interested to know how does this financial constraints really affect the growth and survival of SME and she will undertake the study t establish the necessary fact that make the growth of SME restrained in Kenya. 1.7 The scope of the study. The Kenya government is commitment to foster the growth of SME emerged as one of the key strategies in the 1986 report Economic Management for Renewed Growth. It was reinforced as a priority in the 1989 report, The Strategy for Small Enterprise Development in Kenya a document that set out the mechanisms for removing constraints to growth of the SME sector. In 1992, the government published the SME policy report, Sessional Paper No. 2, Small Enterprises and Jua Kali Development in Kenya. This report was reviewed in 2002, leading to a new policy framework that provides a balanced focus to SME development in line with the national goals of fostering growth, employment creation, income generation, poverty reduction and industrialization SME in Kenya have not seen much development since Kenyan independence due to financial constraints and other factors that are not going to be discussed on this research paper. Small enterprises have a potentiality of boosting a kenya economy. Although they are faced by many challenges, they still have opportunities to grow. These include linkage with multinational companies, networks with other businesses, diversification of market and products, enabling environment and franchising opportunities which is geatly being encouraged the coalition government that is currently running the government of Kenya although the impact has yet to felt on the small and medium enterpeises due to its size and limied resources. CHAPTER 2 LITERATURE REVIEW 2.1 Introduction. Kenya being a developing country, the researcher will borrow some of empirical research done by experts in other developed and developing countries. A large number of empirical studies have addressed the issue of financial constraints, mainly in order to study the relation between the firms investments and the availability of internal and external funds. Under perfect capital markets, internal and external sources of financial funds are perfectly substitutable Modigliani and Miller (1958), so that the availability of internal funds should not affect investment decisions. Small firms cannot exploit economies of scale in the same way as large firms can they face more financial constraints. Since young companies have not accumulated sufficient cash flow and are unable to rely on bank financing, they have to depend on the equity investments. The analysis of the effects of financial constraints on the firm survival and growth therefore is important. 2.2 Theoretical account of financial constraints The financing constraint literature has been the first to recognize that partitioning firms helps to provide important insights into their behaviors. The pioneers in this field have undoubtedly been Fazzari, Hubbard and Petersen (1988) who point out the fact that firms are definitely not homogeneous. They classify firms according to their dividend payout ratio. Their main aim in doing this is to show that firms that have different dividend payout ratios and therefore belong to different categories, have differential access to finance. Some firms are financially constrained while others are not. Following Fazzari, Hubbard and Petersen (1988), a number of studies have tried to distinguish between various categories of firms. For instance, Whited (1992) uses measures of indebtedness, interest coverage, and whether or not a firm has a bond rating to discriminate among firms. Kaplan and Zingales (1997) use both quantitative and qualitative data to distinguish among firms.Bond et al (1999) classify firms according to whether a firm operates in a bank-based or market-based system.Cleary (1999) uses a financial constraint index to differentiate between firms, which takes into account a number of factors such as firm liquidity, leverage, profitability, and growth. Carpenter and Guariglia (2003) use the number of employees to distinguish between large and small firms. However, the factor common to all these studies is that they have tried to discriminate only within firms that have access to capital markets. A high percentage of Small and Medium Scale Enterprises remains in the informal sector with limited opportunities for growth. Africa has one of the largest informal sectors in the world, World Bank, (2006). In Kenya the availability of finance tends to be extremely limited and difficulty to get external financing as researcher came to find out on this quest on the Kenya town and from the SME managers. The SME financial resources are usually restricted to equity capital and bank debt to those who are able to access it. As the business establishes itself, however, it gains access to resources from its own productive activity and sources of external finance. According to Aghion (2007), access to external finance improves market selection by allowing small firms to be more competitive. Additionally, financial accessibility significantly facilitates the growth of firms. Unlike large firms, SME are restricted in their funding options. Therefore, a new hierarchy of sources of finance for SM E can be defined. In this new hierarchy of sources of finance for SME there are three sources of finance, internal finance, debt finance and new capital contributions. Large firms that have access to capital markets are able to issue equity; however, SME do not normally have access to this form of finance of new capital contributions Cost of new debt financing Cost of internal finance 2.3 The Financial constraint variables According to many studies, small firms do not even recognize their own growth potential Scott Rosa (1996).This is more evident in the research since most of the managers of the small and medium size enterprises are more concerned about the survival of the firm rather than the growth of the firm in most Kenya region. This research however will look at some of the variables that help to clarify this phrase in the Kenyan market. 2.3.1 The effect of government policies. Similar evidence regarding the lack of importance given by small scale enterprises to tax policies is also found in Southern Africa, including Niger, Botswana, Swaziland, Lesotho, Malawi, and Zimbabwe Mead (1994). Studies for these locations found little concern for government regulations, except from those enterprises concentrated in targeted locations and specific sectors such as food processing. Instead the greatest concern for the majority of those surveyed was the lack of access to working capital, credit and finance. 2.3.2 The effect of commercial bank lending rates and access to credit. According to Holmes and Kent (1991), SME are characterized by 2 factors: they cannot issue equity and are concerned about ownership and control. Small firms usually do not have the option of issuing additional equity to the public. Even if they were able to issue private equity, managers of SME would restrain from doing so as issuing equity would lead to a dilution in ownership and control. Therefore, managers of SME will usually prefer to go for debt financing, mainly comprising of bank financing. On the other hand, managers of larger firms usually consider a broader range of funding options. As Steel (1994) highlights, high transactions costs and risks associated with small loans, a lack of collateral and an historical orientation towards larger enterprises, continue to restrict small scale enterprise access to formal credit. This no different from Kenya where access to credit is really issue and Kariukis (1995) study of bank credit access in Kenya illustrates this point further. 2.3.3 The impact of government policies Data on the SME sector in Kenya is scarce, although the National SME Baseline Survey provides comprehensive and reliable information; it has not been updated since 1999 and does not contain information for medium-sized firms. The survey indicates that the contribution of the SME sector to GDP increased from 13.8 percent in 1993 to 18.4 percent in 1999.Thia shows that the government policies put in place in Kenya also do affect the growth and survival of the small and medium size enterprises. 2.3.4 The effect of internal capital structure. It should be noted that growth is not the objective of all firms. For example, when firms are faced with serious difficulties during periods of economic downturns, they may shift their objective from growth to survival waiting for better economic conditions to expand. This has been observed in crisis economies where firms downsize and try to keep their costs as low as possible until the economic situation improves. Some firms may choose to remain small if their entrepreneurial capabilities are inconsistent with large size because financial constraints force the poor to start small business, the lack of firm growth could result in social immobility where the small firms remain poor. On the other hand, if small firms have the potential of becoming large, poor firm owners could become rich as their firms expand. Moreover, firm growth in Africa, where technology is usually labour intensive, is usually associated with job creation, which in turn is the key to poverty reduction. Therefore, whether firms have potential to grow or remain small has important policy implications. Slow growth of firms in Africa has been explained as being the result of the lack of access to financial resources McCormick et al. (1997) and Biggs and Srivastava, (1996). This is particular to developing economies where financial markets are under-developed. 2.4 Conceptual Framework. The financial constrained as outlined above is a diverse business phenomena that need to be researched since its the back bone of any business growth and survival may it be a small business in the slums or a major manufacturing business. The researcher is mainly focused on the small and unquoted firms in Kenya. The local commercial banks have a role to play in all this and so is the government. The firm own capital structure also do contribute a lot to the survival and growth of the firm. In Kenya the economic activities that are carried out also influence a lot the GDP of the country hence the economic growth. CHAPTER 3 METHODOLOGY 3.1 Introduction The researcher will mainly use secondary research methodology although the tertiary methodology or the search tool will also be used for the purpose of this research. This will include books, magazines, newspapers to collect data and information regarding the topic. The researcher will also make use of the internet to obtain information about SME and other related information. Secondary data are data that have been collected for some other purpose. Secondary data can provide a useful source from which to answer the research question(s). Punch (1998) mentions several advantages of using existing data. Expenditure on obtaining data can be significantly reduced and data analysis can begin immediately, so saving time. Also, the quality of some data may be superior to anything the researcher could have created alone Thomas (2004). On the other hand, the chosen research method also has several disadvantages such as data that have been gathered by others for their own purposes can be diffic ult to interpret when they are taken out of their original context. It is also much more difficult to appreciate the weak points in data that have been obtained by others. 3.2 Research Area The propose research area is the SME in Kenya. The length of time within which to finish this project will be estimated one month since time and resources might be a major constraint. The researcher proposes to choose at least 15 major towns in Kenya since Small business are all over the country and do research in a at least 10 firms in each town, so as to capture the operation of financial reporting in the country so as to ascertain whether financial constraints are really a major constraint in the survival and growth of small and medium size business in Kenya. As a mean of testing the hypothesis of the study, the researcher will apply the methods below of data collection. 3.3 Observation To judge the effect of financial constrains on survival and growth of a small business in Kenya. The researcher will have to visit the local banks and financial institutions and find out how ones access to finance limits the growth of the business. I propose to use time-series method to judge the observation. The observation will assist me to ascertain that the formal financial sector has provided very little or no service to small business men hence they are unable to finance their small business. 3.4 Interview This will be conducted individually. Structured and unstructured questions will be used to collect information on the subject under investigation. This is to help the researcher obtain responses to questions like; in your view is business growing? How best can it be financed? ,and others. I propose to conduct the interview in such a manner that each sector will have equal probability of being selected. Interviews will enable me to do most of the qualitative part of my research, and the information gained here is usually more realistic. 3.5 Questionnaire I will prepare systematic and well organized questions that will enable me; have responses to the questions raised in the introduction and moreover test the hypothesis of the research. This is demonstrated in Chapter 1 where several questions to this effect have been formulated. 3.6 Data Analysis I will not only rely solely on the information from the various responses from the varied sectors but, also the statistical publications from international organization in Kenya who have done a similar research on SME. I propose to make a thorough analysis of the official and unofficial data received. I will propose the use of quantitative and the qualitative analysis. REFRENCES Punch, K F. (1998), Introduction to social research: Quantitative and qualitative approaches. Kariuki N (1995) The Effects of Liberalization on Access to Bank Credit in Kenya, Small Enterprise Development, 6 (1), 15-23 Central Bureau of Statistics, International Center for Economic Growth, and K-Rep Holdings, National Micro and Small Enterprise Baseline Survey, 1999. Central Bureau of Statistics, Ministry of Planning and National Development, Economic Survey, 2003 Wanjohi, A.M. and Mugure, A.(2008). Factors affecting the growth of MSEs in rural areas of Kenya: A case of ICT firms in Kiserian Township, Kajiado District of Kenya. Republic of Kenya (1992). Sessional Paper No. 2 on Small Enterprises and Jua Kali Development in Kenya. Government Printer, Nairobi Biggs, T. and Srivastava, P. (1996) Structural Aspects of Manufacturing in Sub-Saharan Africa: Findings from a Seven Country Enterprise survey, World Bank Discussion paper No. 346. Modigliani, F. and Miller, M. (1958), the cost of capital, corporation finance and the theory of investment. Aghion, P., Fally, T. and Scarpetta, S. (2007): Credit constraints as a barrier to the entry and post-entry growth of firms, Economic Policy, vol. 22 (52): 731-790. Savignac, F. (2008): The impact of financial constraints on innovation: what can be learned from a direct measure? Economics of Innovation and New Technology, Volume 17 (6):553-569. Petersen, M. and Rajan, R. (1994): The benefits of firm-creditor relationships: Evidence from small business data, Journal of Finance, 49, 3-38. Aghion, P., Fally, T. and Scarpetta, S. (2007): Credit constraints as a barrier to the entry and post-entry growth of firms, Economic Policy, vol. 22 (52): 731-790. World Bank. (2006) Doing Business in 2005. The World Bank. Washington D. C., USA. Scott, M. Rosa, P. (1996). Opinion: Has Firm Level Analysis Reached its Limits? Time for a rethink. International Small Business Journal 14, 4, 81-89. Mead D (1994) The legal, regulatory and tax framework and small enterprises, Small Enterprise Development, 5 (2), 10-17 Steel W (1994) Changing the institutional and policy environment for small enterprise development in Africa, Small Enterprise Development, 5 (2), 4-9 Kaplan, S. and L. Zingales (1997), Do investment-cash-flow sensitivities provide useful measures of financing constraints? Quarterly Journal of Economics, 112, pp169-216. Whited, T. (1992), Debt, Liquidity Constraints and Corporate Investment:Evidence from Panel Data, Journal of Finance, 4 ,pp1425-1460. Kaplan, S. and L. Zingales (1997), Do investment-cash-flow sensitivities provide useful measures of financing constraints? Quarterly Journal of Economics,112, pp169-216. Carpenter R.E and A. Guariglia (2003), Cash Flow, Investment and Investment Opportunities: New Tests using UK panel Data, Unpublished. Fazzari, S., G. Hubbard, and B. Petersen (1988), Financing Constraints and Corporate Investment, Brookings Papers on Economic Activity, 1, pp141-95. Holmes, S. and Kent, P., (1991), An Empirical Analysis of the Financial Structure of Small and Large Australian Manufacturing Enterprises, Journal of Small Business Finance, 1 (2), pp141-154. QUESTIONNAIRES. Why did you choose to start a business in this area? Does your business follow the government policies in regard to paying taxes Yes â‚ ¬Ã‚  No â‚ ¬Ã‚  What is the number of the employees in your business? How is the business in this area affected by the economy trends preferring at the moment? Who is the highest ranking member of your business? What is the annual turnover of your business? Where does your business get the initial capital to start it up? What is your source of financing? What form of financial instruments do you have in place? Which banking or financial sectors do you operate in your business? How do the interest rates affect your business? What are some of the difficulties do you experience when getting bank access? What can you say is the reason for your business failure to grow? How is the government policies put in place in Kenya helping you achieve your financial goals? What are the major issues does your enterprise face when accessing credit facilities in the banking sectors in the Kenya? What would you say is the challenge facing the small business in Kenya in terms of finances?

Human Genetics :: essays research papers fc

Human Genome Project A genome is defined as the complete collection of an organisms genetic material. The human genome is composed of about 50,000 to 100,000 genes located on 23 pairs of chromosomes in a human cell. It is said that a single human chromosome may contain more than 250 million DNA base pairs, and it is estimated that the entire human genome consists of about 3 billion base pairs. The DNA is gathered through blood samples taken from many different people. Though each person has a unique set of DNA the difference in a given pair of samples is less than 1 percent making the differences pale in comparison to the similarities. The Human Genome Project is an international collaboration of scientists who’s goal is to gain a basic understanding of the genetic blueprint of a human being. This information is found in each cell of the body, encoded in the DNA. The intent of this project is to identify all genes in the nucleus of a human cell, to map where those genes are on the chromosomes of the nucleus, and to determine the seqeuncing or the order of these chemical subunits of the DNA. The idea to undertake such a project was came about through a series of scientific conferences held between 1985 and 1987. The actual project ,however, did not begin until 1990 with the expansion of funding from the NIH and DOE. There are many nations involved with this project as part of an informal pact including France, Germany, Japan, the United Kingdom, and many other european nations. Also in an effort to speed up the mapping and sequencing process several private companies have been enlisted to help such as Celera Genomics. Today there is a lot of research being done under the umbrella of the Human Genome Project. For instince gene therapy is being developed as a very real cure for such hereditary diseases as Cystic Fibrosis and Parkinsons where somewhere in the genetic make up of the body there is a glich tht alows the nervous tissue of the brain to deteriorat e at a slow but steady rate. With gene therapy we will be able to replace the tissue in the brain with correctly funtioning tissue from an animal such as a pig. As of early 1999 the Human Genome Project was ahead of schedule. There is said to be nearly 10 percent of the genome sequenced already or about 7,600 genes have been mapped to particular chromosomes.

Teachers and maintenance discipline in a classroom situation

In order to hold a better as a schoolroom director ( instructor ) one must hold the followers: Handle every sort of schoolroom subject job Learn to convey any schoolroom under control Get the pupils ‘ attending Let there be regard for each other particularly sentiments or replies and There must be quietness If one can conceive of himself or herself in the schoolroom twenty-four hours after twenty-four hours passing all the clip learning to an attentive category. As a instructor you will demo the deep rooted love in replying the call as a instructor. A instructor whose pupils are punctual because promptness is the psyche of concern, respectful on undertaking and attentive all the will decidedly bask his or her undertaking. Form my observation Manchester Academy is one of the schools that keep schoolroom under control, and this shows a clean and clear apprehension of planning. Knowing how to maintain a schoolroom non merely controlled but on undertaking and attentive is the most important accomplishment a instructor can hold, without which no effectual instruction can take topographic point. At Manchester Academy I observed the school has a batch to offer and they have given themselves clip to offer it, because it is non a nice feeling traveling to category mundane feeling you do non hold the necessary tools to acquire the acquisition atmosphere you justly deserve. It is a nice feeling traveling to your category knowing that you will be learning in a favorable ambiance that is contributing to larning and that you have the tools to manage any state of affairs, alternatively of seeking to convey order or shushing a inveterate riotous pupil or shouting that there should be quietness every clip. Manchester Academy displayed that spirit during the reading lessons. As instructors we do non desire our schoolrooms to be orderly merely for its ain interest or because we are on some sort of power trip, but so that we can give pupils what we have to offer. Sometimes you find you want to larn this from person who does non hold to be that right, but who has had to set up schoolroom control even inside the worst behaved schoolrooms found anyplace in the universe. Management and subject are the chief ingredients in the instructors ‘ planning. Sound subject and direction underpins every facet of the school life. For successful instruction and acquisition to take topographic point it is of import that good subject exist in every schoolroom in peculiar and in the school as a whole. Harmonizing to Hill & A ; Hill ( 1997: 16 ) † scholars learn to the best of their abilities in an orderly and safe environment. † Research workers like Potgieter, Visser, Van der Bank, Mothata and Squelch ( 1997:59 ) stated that â€Å" if subject is non taken into consideration, the school environment will be unsafe in the educational procedure may be disrupted. † This may besides impact the educational attainment of scholars. In this respect Levin & A ; Nalon ( 1991:30 ) province that, â€Å" in add-on to the obvious impact on the instruction and larning environment riotous behavior, can besides impact the scholars ‘ safety, preparednes s to larn every bit good as future behavior. † In add-on, Hill & A ; Hill ( 1994:6 ) â€Å" if subject can destruct the possibility of a safe and orderly environment and thereby a shackle the nucleus intent of the school. † It is hence necessary that subject is maintained in a school for the public assistance and safety of scholars and pedagogues, and for the success of the educational procedure. Learners in the farther instruction are working hard to organize the ain individualities asseverating power through the brilliant by presenting instructors. Coetzer & A ; Le Roux ( 1996:84 ) endorse this position when they stated that, â€Å" modern kids and young person want to set up their ain life, and by making so will melt Rebel against subject and authorization. † They sum up by stating that â€Å" the young person have been emancipated to populate their ain life styles as they see it fit and accept values different from the society. â€Å" Sowetan ( South Africannewspaper ) of Thursday March, 17 2011: 5 ( Early edition ) states that â€Å" we call on all students to contend fire with fire-when instructors hit you, you must hit back. â€Å" As a consequence, instructors experience troubles, experiencing that they are challenged and might lose control. A deficiency of subject in public schools is experient all over the universe. Wayson & A ; Pinnell ( 1994:1534 ) â€Å" The deficiency of scholar subject in many public schools throughout the universe has been a affair of great concern for school direction and instructors, to a lesser extent for scholars themselves parents and the general populace. † Harmonizing to Charles ( 1996:3 ) legion surveies that were conducted in the USA in 1992, have listed subject is a major job with which instructors must postulate and a important factor in instructors go forthing the profession. In add-on to the job, Charles ( 1996:3 ) provinces, â€Å" instructors try to reassign off from the schools that have high degrees of misbehavior, live in such schools in the custodies of instructors non yet skilled in exercising keeping subject. † From a personal observation and informal interviews with instructors I as a school teacher at a 2nd at the school have concluded that it is subject is non prevailing in Manchester Academy. The bulk of instructors seem to believe that scholars should non be left entirely to their ain devices without being controlled or supervised. The position of supervising featured Manchester Academy High School. Learners are non left to act in whatever manner they wish. The instructors in the Manchester Academy are non kicking that they are making more policing work than learning in the schoolroom. Manchester Academy has a computerized manner of tracking and training scholars who misbehave harmonizing to the type of offenses. Teachers do non pass clip disproportionately covering with this riotous behavior of scholars and the consequence of the actions. Apparently Manchester Academy impart their perceptual experiences in such a manner that scholars took positively towards benefits of instruction. Proper, important and sympathetic counsel of class will ever help scholars to see the demand to set up good resonance with instructors and eventually with parents. It is the duty of the instructors to keep a civilization of instruction and acquisition in schools, but it is non possible to make so if the subject and the safety are non considered in the school environment. Disintegrated subject causes trouble in the attainment of school aims. Schools become there is functional when both scholars and instructors can non work efficaciously and expeditiously under conditions which are non contributing and are shocking. Learners can non set down and instructors can non learn in an insecure environment. A safe an orderly school environment is a requirement for acquisition and instruction to take topographic point. Thus instructors can merely dispa tch their professional responsibilities if there is order and subject in both the schoolroom and the school as a whole.How can teachers keep subject?Research workers are of an sentiment that instructors play a critical function in keeping subject and control within the school. Harmonizing to Joubert & A ; Prinsloo ( 1999:55 ) , â€Å" pedagogues are responsible to keep subject at all times. † Varma ( 1993:31 ) provinces that, â€Å" beyond their duty for learning, pedagogues are besides responsible for the moral development of scholars and to guarantee that they become observant citizens. † This implicitly means that within the school community, instructors are expected to react in a commanding Y to misdemeanors of the institutional regulations and of the school and signifiers such as larceny, and strong-arming that has a direct bearing on the moral sphere. The Department of Education besides demands that subject be maintained in school so that civilization of instruct ion and acquisition is realized. Harmonizing to Section 8 ( 1 ) Of the South African Schools Act ( SASA ) ( RSA, 1996 a: 8 ) , subject must be maintained in the school and schoolroom state of affairss so that the instruction of scholars flourishes.Teachers are in fact expected to manage riotous scholars in the categories so that scholars can concentrate on the school assignment. Butchart & A ; McEwan support this position by saying that, â€Å" inequality school, pedagogues must larn how to manage a riotous scholar in a manner that is non punitory, yet gets the state of affairs under control and at the same clip opens the scholars in head to work in category †How to match subject and equity?One of the inquiries on the questionnaire is â€Å" what is your ( instructor ) function in a show in subject in your school? † Harmonizing to Hosten et Al ( in Oosthuizen 1985:59 ) explains fairness as â€Å" the moral value that serves as a norm to guarantee nonpartisanship when covering with viing involvements of assorted topics. † This denotes that the involvements of both instructors and scholars must be protected. The scholars are the legal topics and have legal rights that should be protected. The scholars other legal topics and have legal rights that should be protected. Section 12 ( 1 ) of the Constitution of the Republic of South Africa ( RSA, 1996 degree Celsius: 8 ) . In this independent survey support ( ISS ) hungry and took shy to reply inquiries that have been asked in the questionnaire. Manchester Academy claim to be executing really good in footings of subject, direction and leading since its passage. Now strategies for good schoolroom subject could be based on both standard and student behavioral facet to do subject more effectual. The followers may perchance help instructors to better the jobs that may be at that place in state of affairss, that is, they might be underlying issues in the school and has to be solved in expectancy.Aid to scholars and their voice.Teachers should steer scholars towards their ain behavior. Passing opinion on lawbreakers ‘ action instructors should alternatively inquire inquiries that encourage scholars to judge their ain behavior. They should remain focused and if need be, assist scholars to accept ownership of their actions. Teachers should steer scholars for bettering future behavior. They should inquire scholars to explicate alternate ways of acting the following clip they are confronted with similar state of affairss. Teache rs should construct scholars ‘ committedness to their programs by giving them feedback and support. Learners will experience more committed if instructors acknowledge the cogency of their programs. Making this could be every bit simple as oculus contact. Teachers should non let onionskin alibis are the lone service to avoid duty. Harmonizing to Rich ( 1982:169 ) â€Å" school regulations may be breached when scholars feel that they are undue † . This will doubtless go on if scholars were non allowed to take portion in the preparation of regulations. It is hence necessary that scholars must understand why regulations have been formulated and why they should follow with them. Again, harmonizing to Blandford ( 1998:39 ) â€Å" a school without an effectual subject policy that encompasses schemes and mechanisms that are available to all the members of the school community, can non work as a centre for learning and larning. † The procedure of developing and implementing subject policy involves collaborative decision-making. Therefore, all the members of the school should hold an chance to take portion in the decision-making. Sunday Times ( South African newspaper ) of 12.01. 1992, noted that â€Å" grade 12 scholars in black townships in South Africa, were continuously neglecting because of the conspicuous deficiency of subject among them. † It is of import that subject should be maintained at all times in schools and that each and every school must hold a codification of behavior. Teachers should avoid doing irrelevant regulations because this will make serious disciplinary jobs in the school and the schoolroom. McQueen ( 1992:56 ) supports this position and infinite that â€Å" irrelevant regulations are useless and black because ailing chosen regulations will make serious direction and disciplinary jobs in the schoolroom state of affairs.Motivating and promoting scholars.They word â€Å" motive † is derived from a Latin word â€Å" movere † significance to travel ( McLean, 2003:7 ) . Therefore, motive is the amount of all that moves a individual to action. To actuate indicate tha t one individual provides another individual with a motivation to make something. Motivation can be regarded as the cardinal facet of emotional intelligence. Harmonizing to the South African Oxford Dictionary ( 1998:285 ) . The term â€Å" motivate † means to give a individual a motivation or inducement to make something. Harmonizing to Word mention online, con sized Oxford lexicon ( 2008 ) the word â€Å" motive † means â€Å" excite the involvement of. † First, it has a directional undertakings taking among options and keeping the action desired. Second, it has strength, for illustration degree of enthusiasm ( McLean 2003:37 ) . Harmonizing to Burden ( 1995:16 ) . Most pedagogues use the construct motive to depict â€Å" those procedures which can elicit any initiate behavior, continue to let the behavior to prevail, and lead to taking or preferring a specific behavior. † Teachers are hence interested in a peculiar kind of scholar motive which is to act uate scholars to larn. Teachers should guarantee that scholars are motivated to larn and act suitably because demotivated scholars get discouraged easy. Teachers should honor scholars when they are acting good for finishing their work. They should make this through congratulations and category acknowledgment. Any program for covering with misbehaviour must include encouragement of good behavior, otherwise learners learn what they are non make, but they have non learnt what they should make. To further discourse the impact of schoolroom subject is partially involves on the scholars conduct, are the ability and accomplishments that instructors should hold. Patience comes foremost, particularly when a scholar has a behavioral job, and this should be given attending in an appropriate manner, hence as portion of the instructors responsibilities and duties. Making it a point that effectual instruction makes scholars learned. The instructor plays a important function in which it imparts the cognition and accomplishments to the scholars and the instructor should love and demo the deep-seated love in the calling that is believed he or she chose it volitionally. The instructor must hold the enterprise on how to cover with each scholar in category, doing it his or her responsibility to affect to maintain scholars busy and at the same clip see their category as gratifying and holding a great impact on the field of larning. Taking into awareness that scholars differ in their abilities and instructors should cognize up to what extent would a peculiar be able absorb the lesson. Skills coupled with effectual schoolroom subject can be acquired through pattern, holding feedback and besides willing to accept merely errors is no 1 is infallible. Teachers must walk the talk. Teachers who have many old ages of experience have contributed to a specific position of what peculiar technique work and what are the relevant methods that may non be applicable in training a category with such inevitable scholars ‘ behavioral facet. The instructor must do it a point that the instruction method and manner or managing subject must keep a sort of ambiance that enhances larning for the scholars. The manner the category is arranged signifiers portion of category subject. A good category agreement makes it easy to keep subject. It is the instructors ‘ duty to be argus-eyed at all times to supervise and detect scholars ‘ public presentation in activities. Apparatus, books learning AIDSs and other stuff should ever be readily available. Harmonizing to Ofsted study of the 30th to 31st of March 2009. It is stated that Manchester Academy is † outstanding † This shows that Manchester Academy as a school is working really hard to bring forth good hereafter citizens. The 2009 study further stated that the school aims to to the full fit the pupils in such a sensible mode. Learners are expected to travel into the outside universe, skilled and ready to run into the demands of life. Parents and instructors have a responsibility to fix them to execute good in the community every bit good is in the universe of work. They must hold an impact upon the scholars ‘ behavior by learning them about the determinations and choices the scholars have to do every twenty-four hours and how such determinations and hints affected their lives, both at school and thenceforth. For illustration, â€Å" a disciplinary step against a scholar who comes to school tardily will help to promote him or her to be on clip and be more responsible and accountable in the hereafter ( Lemmer, 1998:47 ) . Discipline challenges the scholars to make self-contemplation about their end and intent in life. Discipline should stress success and non failure. It should help the scholars to develop their single abilities in order to run into challenges of life with assurance. If this has occur red the scholars would hold gained a sense of security and significance in life through subject Lent at school.Decision.Learners of Manchester Academy are good disciplined. They are good motivated and they besides had an chance to research themselves outside the schoolroom, hence they say that they are â€Å" prepared exceptionally good for farther survey and work beyond the school. † The school ‘s positive clime and success are obtained from the good behavior of scholars. The instructors in a subject school our free and happy to learn without being preoccupied with tenseness and fright caused by misconducting scholars. The disciplinary jobs that are common in lending to, indiscipline in Manchester Academy seems to be identified and discussed with scholars so that proactive actions are taken to advance good subject. Rights and responsibilities of instructors and their part in keeping subject merely at that place because it is said that the â€Å" follow policy. † See appendix. Educators seem to back up the school principal/headmaster by guaranting that the scholars observe school regulations and ordinances in they are held responsible for any misbehaviour hence the school has a commission responsible for behavior harmonizing to their types. Teachers can non work in isolation in acquiring read of ill-disciplined behavior in category in the school as a whole. It takes an attempt from all the stakeholders, including the school, parents and scholars to minimise deficiency of subject. See appendix.