Love how auditing can ensure a good relationship between principle and Research Paper

Love how auditing can ensure a good relationship between principle and agents - Research Paper Example Audits enhance economic prosperity, expands the variety, number and the value of transactions that people are prepared to enter into. In recent years, however, in the light of corporate scandals, auditors are witnessing demands to improve audit quality, globally. The UK is seeing changes to promote greater transparency, but there are demands to further improve the system. The question is to how and to what extent this issue can be addressed (Bohren, Oyvind, 1998).   In order to understand all the outstanding queries, it is inevitable to have an understanding what audit means to all the parties involved in the dealings. We must ask ourselves as to what the sole purpose of an independent audit is and what are the elements that enclose the role of audit? The main reasons in the conflicts between the principles and the agents are, the principles lack trust in their agents because the information and motives are different of both parties, principles, whether rightly or wrongly, they think that the information that is being passed on by their agents is not accurate, and there is no uniformity of motives between the both parties. It is important to understand how this essential tool of audit has been developed over a period encompassing hundreds of years; it is important to understand its purpose and how useful it has become. In the domain of economy, the audits of financial data is publicly available nowadays, many factors and interests come into pla y. In this situation, a simple audit is not likely to be able to answer every question but it surely starts things up. Agency Theory defined the perception of connection for agreements which may reduce the conflicts between resources holders. Principle is the regulatory and the authoritative body to handle one or more agents at a time. The concept of Agency Theory come into being in early 70s, however it has the long diverse history

Disregard of Moral Values Lead to Unethical Deeds Essay Example for Free

Disregard of Moral Values Lead to Unethical Deeds Essay This greed for money has crossed the limits of all ethical standards, regard and consideration for fellow men, or sympathy and compassion. All these things seem to have gone with the wind and are among the major casualties of the post-independence period. This development can be considered quite a new one, probably an accompaniment of the modern technological development which is . taking place rapidly in this country, as the malaise has especially afflicted the young and the middle aged people. The increasing attraction towards the modern glamorous lifestyles, big cars and bungalows, gorgeous dresses and jewellery has such effect on people that they would not hesitate to resort tovalues all means, unfair to acquire wealth and all luxuries of life. This mad obsession for reaching the top is the dream of everybody, and as such the moral and ethical values do not seem to have any place. Morality is often defined as the doctrine of actions right or wrong it is synonymous with ethics. Moralists are selfless and preach justice in every sphere of life. If people tend to observe morals, they will constitute a healthy and sound society. Morality knows nothing of the geographical boundaries or distinctions of race or color in modern age, the traditional values which are in themselves moral and symbols of rectitude, have been radically transformed. Most of the principles are in a flux and human convictions based a rich human experience are in the melting pot. Obsessions with circumstances and the peculiar conditions prevailing in a region have proved so overpowering that everything else is thrown overboard. Excessive wealth does not necessarily promote culture and intelligence. In fact, the ostentatious and luxurious living that wealth promotes, causes a notable deterioration in character and conception of values. Rarely do highly intelligent people, famous writers or artiest belong to rich families. Since wealth itself has the habit of diminishing fast, most of those who possess it go to any extent, even to the adoption of unethical practices and dishonesty to acquire more wealth. This leads to further decay and deterioration of character. India’s Poet Laureate, Rabindra Nath Tagore warned. â€Å"Greed of wealth and power can never have a limit; a compromise on self-control can never attain the final spirit of reconciliation.

U.s. History 1920-1940 Essay -- essays research papers

U.S. HISTORY   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   1920 – 1940   Ã‚  Ã‚  Ã‚  Ã‚  During this time period of American history, the country could not have been more contrasting than from 1920 through 1940. The twenties were a period of fun, partying, and economic security hence the term â€Å"roaring twenties†. While the nineteen thirties were known as the time of the â€Å"Great Depression.† From 1920 to 1940 our country saw five presidents, the first flight around the world, the completion of the worlds largest dam, a depression, prohibition, women given the right to vote, and new musical expressions. The 1920’s began shortly after World War I when the Americans and the Allies defeated the Germans in 1918. It was a dawn of new politics in America when congress finally passed the women’s suffrage bill and the 19th Amendment became law, giving women the right to vote. Some twenty five million women had won the right to vote. This would play a major role in the up coming election. Many Americans were fed up with Woodrow Wilson, the 28th president from 1913 to 1921. The first election of the twenties saw Warren G. Harding win and become our nations 29th president. Unfortunately, Harding died before finishing his term and vice president Calvin Coolidge took over to become our 30th president. At the end of this term Coolidge was reelected in 1924. The United States had one of the greatest periods of prosperity ever during his presidency from 1923 to 1929. Great technological advances were also made in the 1920’s. Our nation witnessed the first flights around the wor ld. Inventions such as cars and radios improved the standard of living for the common man. These inventions as well as the conservative economic pollicies added to a huge economic boom. â€Å"The economy experienced growth of seven to ten percent in six years of the twenties† (Vanguard, facts on funds). Later, many of the economic procedures in the decade would lead to danger especially in the stock market. â€Å"The nations total income rose from 74.3 billion in 1923 to 89 billion in 1929.†(Vanguard facts) In the 1920’s, pop culture thrived. Radio became a large form of entertainment. Jazz developed as a new form of music. Louis Armstrong, a trumpeter from New Orleans among others, led the emergence of jazz. During th... ...ames over Lakehurst, New Jersey. After having made ten successful round-trips across the Atlantic Ocean, the Hindenburg exploded in flames as it came in to dock at the Naval Air Station in Lakehurst, N.J., on May 6. The craft was destroyed in just one minute, with 35 of the 97 people aboard perishing in the flames. The cause of the disaster was never identified, though there was speculation that a spark from the zeppelin's engines or atmospheric static electricity ignited highly inflammable hydrogen gas leaking from the craft, causing the explosion. The possibility of sabotage against Nazi Germany was widely rumored but never proven. In conclusion, the 1920’s were one of the most prosperous periods in American history because it reflected in every aspect how to enjoy life. The prosperity of the people influenced society, culture, and politics. The thirties were a complete 180 degrees from the twenties. During the 1930’s prosperity crashed with the stock market and the nation fell into an economic slump that took years to climb out of. I don’t know if our country will see such contrasting decades ever again, but one thing will definitely hold true â€Å"learn from your mistakes.†

Performance Management Essay

Q: 1 ————————————————- Be able to identify and agree performance objective 1.1 Explain link between individual team and organizational objective Link between organizational objective and the team is very important for the progress of an organization. Organizational objective are set in order to achieve the goal of an organization. Every organization has an aim to achieve so until every single member of staff not know the objective of the organization it’s difficult to achieve that goal. In an organization there are certain groups and each group has different teams. Every individual team has different task to do but all these different tasks are linked to the main objective of the organization and all the individual team tasks are support the objective of organization to fulfill. If the organizational objective is clear to the every individual team member than it’s easy to achieve team task. Principal behind the link between individual team and organizational objective is that if the individual team knows the organizational objective than they can play better role to achieve objective and can easily complete their individual task which support to achieve organizational objective. 1.2 Identify the selection of and agree individual and team objectives Team is group of people which work together to achieve goal every team member has different task which related to the objective of the team. Agreeing team objective is more difficult to agreeing individual objective because there are more people involved mean more skill, experience and handling problem with different ways. So than one should be more carefully deal when agreeing the team objective. Identifying and selection of and agree individual and team objective has very important for achieving the main objective of organization. If we selected right persons for achieving the individual objectives then it’s easy to achieve the team objective as well as organizational. Every team has its own team leader and he has an objective to achieve to complete that objective he has to complete different task to complete he has to select right person from his team to fulfill that task .for different tasks he has to select different people from his team to achieve that task which support to complete the overall team objective. When  team leader give task (individual objective) to his team member he should give him step by step training to achieve his goal. On other hand each team member should know the team objective as well to achieve their goal. Every individual and team objective should be SMART 1.3 Identify and agree area of individual and team responsibility in achieving objective Every individual and team should to understand his responsibility and try his best to agree with his responsibilities. Successful team can be responsible of different tasks and team objective which support the organizational objective the main responsibility of team is to achieve his team objective. Help each individual to complete his task. Every team should follow the planned the assignment which set by the director of the organization because every team objective is linked to organizational objective. Team should inform the project manager of task status and any problem arisen. Every team should select right person having right skill and knowledge to compete the task. Every individual should also try his best to achieve his goal because it’s important to achieve the team objective as well as organizational objective. Every team member should make real effort to build strong relational ship with each other. Each team member should give support feedback and gaudiness to other team member to achieve goal. Each staff member expresses loyalty and motivates other to work. If team and all individual are fulfil their responsibilities then it’s easy to achieve the organizational goal. 1.4 Identify the need to create an environment of trust and support with other Environment of trust and support in team member and organization is very useful to achieving the organizational goal If the entire individual in team has good relationship then they support each other give them feedback and gaudiness as well by this it’s easy to achieve goal for them. As we know that’s individuals objective supports to achieve team as well as organizational objective. So that as manger one should build following things to make environment pleasant * Increasing relation between staff member * Decreasing clashes to the neutral * Try to convert neutral to good and leading to excellence Advantages of Trusting * Staff member are more willing to share idea and work sincerely * Staff member are more willing to help each other and try their best to achieve the goal. * Saving of recourses (physical and financial) * More motivated for working * Sincere with organization ————————————————- Q2: Be able to assess performance and provide feedback 2.1: Evaluate and assess individual and team performance against objectives Assessing performance of individual and team performance against objective is very important for overall performance of the organization because it’s related to the overall performance of the organization. Best team and individual performance is which support the organization performance. Identifying objective Easy way to assess the performance is to split the objective in different tasks and give each task to the team and further to the individuals. Assessing performance Balanced analysis of performance beside designed objectives, taking all applicable factors into account. After doing that one have to check the results of the each task giving to the team and individuals as well. If they achieve than they can build success to achieving the main objective of the organization and if they cannot achieve the desirable performance then organization should think about the problems which prevent them to achieve desirable performance. Then first thing is to take in account is that the team at least understands the objective of the organization because without understanding the objective no one can achieve goal. There are also many other factor which can be affect the performance of the individual and the team like No enough support and training, Unsuitable environment and Financial problems etc. These are some factor which should be taken in to account to improve the performance to the desirable level. 2.2 Identify the  method to providing feedback to individual and team on performance Feedback can be define as process in which the effect or output of an action is returned to modify the next action Feed back is actually comments about something with which you have any type relation. Feed back is of two types positive or negative Positive feedback is good to improve yourself and identify your weakness and you can improve it if you want. Negative feedback is destructive and base on fact and reality which cause of angry and disturbance Usually feedback is taken from website, monthly or yearly review, survey or customer etc. There are many Methods to provide the feedback Sandwich method7 (expect a negative comment after praise). BOOST Method †¢ Balanced – contain together decent and beneficial points †¢ Observed – only give samples of what you have seen the somebody say or do †¢ Objective – feedback should be truthful and not an spasm on someone’s character †¢ Specific – always use exact patterns †¢ Timely – feedback should be given as near to the occasion as possible. EEC model8 †¢ Example – what performance you have detected †¢ Effect – on the viewers, on you, on your examination †¢ Change – what change in performance do you expect Feedback should be taken from serious personality Feedback should be taken after event soon Find someone private for feedback Give enough time to give feed back Take good care of privacy and honesty while taking feedback After taking feed back its very sensitive mater to provide the feedback so it should be handle very carefully. The purpose of providing feedback to the team and individual should be basis of maintenance, improving performance. While providing feedback to team or the individuals something should be keep in mind Positive points should be first to reduce conflict. It should be like information sharing. It should be not over loaded or in detail. During providing feedback it required ability of patient. Language should be expressive of specific behaviours rather than general remarks representing value judgments. All comments should be based upon visible performance and not assumed motives. 2.3 Identify the cause of conflict and describe strategies to minimize or prevent conflict Business dictionary define conflict as friction or opposition resulting from actual or perceived differences or incompatibilities. 2 Conflict may be positive or negative. There are many cause of conflict Personal factor Lack of information If any staff member is unconscious about information of any event, reformation or any other happening in the organization cause conflict. Skill deficits Lack of skill and knowledge also cause conflict. Personality and style differences Everybody in the organization has different style and personality that’s also cause of conflict in the organization. Substance abuse and Family problems also cause of conflict in the organization. Organizational factor There are some organizational factor are also cause of conflict in the organization like Leadership If the leadership is not leading his organization properly than it’s the big cause of conflict. Management Lack Managing qualities in organizational managing team cause conflict among its members Budget Insufficient budget and improper distribution cause conflict in organization. Poor communication among the leadership, management and the staff member cause of conflict in the organization. Different values of different staff member, personality clashes and poor performance also the cause of conflict  in the organization. Solution Solution of conflict in the organization is hidden in following factors Minimizing authorities By the minimizing authorities conflicts decrease. Improving polices By improving polices of organization to decreasing conflict Communication Communication among staff member is solution of conflict. Due to poor communication they can say nothing to the higher authorities and cause conflict between them. By Providing support to the staff member also reduce conflict. Injustices in rewarding staff member or injustices in any other matter are also cause conflict so that justice in every matter is a solution of conflict as well. If there is conflict between any of the staff member of the organization then one should take following steps Step 1: Intervene Where conflict exist one should involved his self in the problem and let know about people involved in it. Step 2: Listen and discuss By allowing every person to give their views and opinions you will have the opportunity to hear what each person thinks, and they will have the chance to hear what the others involved think, too. Step 3: Make your position clear You have to make your position clear which is acceptable by every involved parties or individual Step 4: Negotiate a win/win outcome One should make his position neutral in the situation and make agree everyone on the same opinion which is acceptable to every one Step 5: Monitor the situation After the you have to arrange some formal and informal meeting to monitor situation A formal follow-up meeting attended by all interested parties and Informal meetings just to check how things are going. 2.4 Explain recording system for performance assessment for individual or team The accomplishment of a given task measured against present  known standards of accuracy, completeness, cost, and speed. In a contract, performance is deemed to be the fulfilment of an obligation, in a manner that releases the performer from all liabilities under the contract. 5 The maintenance of a history of one’s activities, as financial dealings, by entering data in ledgers or journals, putting documents in files4, etc. is known as recording system. Recording system for any organization is very necessary to improve itself and to achieve desirable performance. There should be recording system in organization for performance assessment for every team and individual. There should be link between team and individual previous performance with current performance. By this we can check its progress and taking step against poor performance is easy. Recording system of performance of individuals and team are very important for the maintenance and improving performance. If the recording system of performance is exist in the organization then it’s easy to compare the performance of any individual and team and can easily obtain their progress report. Other advantage of the performance recording system is that all the individual and teams try to improve their performance to keep their record good for good reputation in the organization. So there should be a proper system in the organization for keep record of performance of the team and the individuals. All monthly and the annuals performance reports should keep in record. If some individual or team perform well or make a big mistake should also keep in record for basics of appreciation and maintenance. Q3 Be able to understand performance support for improvement. 3.1 Explain performance improvement cycle Performance improvement cycle is a cycle of development. If someone has poor performance then one should has to be pass through the improvement cycle to develop his abilities to show better performance. There are following steps of improvement cycle Identify In this step you have to identify his weakness and reason of his weakness. This is very important step of the improvement cycle because without correct identification diagnose of problem is not possible. After identify problem  you have to identify its reason also. Opportunities After identify the problem and its reason than you have to look at all the opportunities available to improve its weakness. Agree plan of action After look at all opportunities you have to decided that which one are more opportunities suit you to improve his weakness and then you have to act upon his plan. Review After that you have monitor to monitor performance. If everything is going as you want and agreed then you will be able to encourage the team member. If the things are not going well then you have to sit again to argue the trouble and find the key. 3.2 Discuss the indicator of poor performance Poor performance is define as when member of your team performing less than your hope. There are many reasons behind the poor performance that’s why it’s not an easy job to find out the reason of poor performance. But to find out the reason of the poor performance is very important because without indicating any problem cure of problem is difficult. There is some common reason of the poor performance. * Targets and goals are out of reach. * Team member of staff is insincere * Quantity of work * Team members’ ability is not appropriate * Team member is slow in taking decisions * Team member is not experiences and skilled. * Lack of knowledge * Lack of motivation These are main factor which are main cause of the poor performance by improve these you can easily improve performance. You can set the stander of performance By written job description By clearing Objective of organization and out come to member Competence of statement EVALUATING METHODS THAT SUPPORT PERFORMANCE IMPROVEMENT To improve the poor performance of the organization is very important to  achieve the goal .there are few steps which are use to improve poor performance of the organization. Counseling If individual staff member is not performing well that you have to look at his life out of work may be he cannot performing well due to some family or personal problems. You should try to solve problem if possible. Training or coaching If the staff member or not performing well then maybe they need training and coaching to doing that job. After giving them proper training about their job and then monitor them if you got desirable result then they can support to achieve objective of organization. Performance improvement plan Performance improvement plan is a written formal plan to improve the poor performance. There are following steps in it * Identify the problem and its reason * Opportunities * Agree plan of action * Review By this plan one can easily improve his self. Disciplinary That is last step to improving poor performance. Some time employees improve their self when they get last warring. After that if one never improves his self than one dismiss from job. ————————————————- Q4 BE ABLE TO UNDERSTAND ORGANIZATION’S DISCIPLINARY AND GRIEVANCE PROCEDURE. 4.1 Discus the organization’s disciplinary and grievance procedures Every organization has its own rule and regulation but some of the rules linked with the citizen rights and human rights. Especially in United Kingdom any organization cannot dismiss any employee for job without any reason or sold proof so that if any organization does this then the organization has to answer in court. To dismiss any employee the following thing should take in to account * You have to give approx. three warnings 1. Informal warning 2. Formal warning 3. Written last warning * The contract with employee and organization should expired * Organization should have sold proof of his poor performance After that you can dismiss any employee without this if you dismiss any employee due to some personal or family problem than you have to answer in court and may be you have to pay plenty. Grievance allows the individual to compliant to their management. Due to the grievance individual never do uninformed action. Due to this the communication between the employee and management increase and reduce conflict between them as well. Due to complain of employee you can identify many problems to improving performance. Role of manager in disciplinary and grievance procedure Role of manger in the disciplinary procedure a manger should have good relationship between employees. So that he can reach to the real situation of the problem. He should know about that problem seriousness. If problem is serious. Than in this case employee has to dismiss. That’s dark point of management. Following thing a manger should take in to account? The problem should genuine There should not personal problem or family problem There should be witness There should be documentary proof After this a manger can dismissing the employee Grievance is problems or complains that employee lift up against their employers. The role of manager in this situation is very important. He should arrange meeting with the employer and employees. Responsibility of the manager is in this situation is to listen all complains and problem very carefully and attentively with non-judgment condition. So that employees can speak freely. If some think is not clear then manger should ask it again. Manger should understand all complains and his understanding should be same as employer. In this entire situation the manger should be fair. 4.3 Summaries the key aspect of legislation that applies to an  organization’s disciplinary and grievance procedure The act or process of making laws; enactment is known as legislation5 All the employees should be aware of the organizational disciplinary and grievance procedure. When the employee entre to organization. He/she should know about disciplinary and grievance procedure. If organization wants change in procedure they should call meeting. Key aspect of the disciplinary and grievance procedure is below Disciplinary * Keys to handling disciplinary issues in the workplace * Establish the facts of each case * Inform the employee of the problem * Hold a meeting with the employee to discuss the problem * Allow the employee to be accompanied at the meeting * Decide on appropriate action * Provide employees with an opportunity to appeal * Special cases Grievance There is an Acas (Advisory, Conciliation and Arbitration Service) Code of Practice on disciplinary and grievance procedures . It sets out principles that you and your employer should follow to achieve a reasonable standard of behaviour in handling grievances.9 * Let the employer know the nature of the grievance * Hold a meeting with the employee to discuss the grievance * Allow the employee to be accompanied at the meeting * Decide on appropriate action * Allow the employee to take the grievance further if not resolved * Overlapping grievance and disciplinary case * Collective grievances Legislation is define as a law or set of laws suggested by a government and made official 4 Key aspect of legislation of organization’s disciplinary and grievance procedures are above mention if theses key aspect use to solve the disciplinary and grievance scenario in the organization then it’s good for both employer and employee and they will not be not face and legislation act. But if employee or employer not follows the proper way as describe to  solve grievance and disciplinary then they have to face the court. 1. Business dictionary.www.bussinessdictionary.com (accessed date 02/01/2012) 2. BusinessdictionaryAvailablehttp://www.businessdictionary.com/definition/conflict.html (accessed date 04/01/2012) 3. CambridgedictionaryAvailable:dictionary.cambridge.org/dictionary/british/legislation (Accessed date 08/01/2012 ) 4. DictionaryreferenceAvailable:dictionary.reference.com/browse/recordkeeping( Accessed date 09/12/2011 ) 5. Dictionary referenceDictionary.reference.com (Accessed date 07/01/2012) 6. Business dictionary www.bussinessdictionary.com {Accessed date 06/01/2012} 7. LondonDeaneryAvailablewww.faculty.londondeanery.ac.uk (Accessed date 08/02/2012) . 9. DirectGov.Available:http://www.direct.gov.uk/en/Employment/ResolvingWorkplaceDisputes/Grievanceprocedures/DG_10027992 (accessed date 01/01/2012)

Collapse of the Housing Market.

Collapse of the Housing Market. The purpose of self-governing is to make government work better by allowing people to help govern themselves. And the people do that by electing Representative to talk for them, to protect life, liberty and personal properties. â€Å"The absolute rights of individuals may be resolved into the right of personal security, the right of personal liberty, and the right to acquire and enjoy property†¦ and that consists in being protected and governed by laws made, or assented to, by the representatives of the people, and conducive to the general welfare† (James Kent, Commentaries on American Law, Lecture XXIV).Yes I believe that the congress lived up to protect life, liberty and personal properties, because they used â€Å"†¦Federal financial supervisory agency to use its authority when examining financial institutions, to encourage such institutions to help meet the credit needs of the local communities in which they are chartered consiste nt with the safe and sound operation of such institutions†¦Ã¢â‚¬  (Community Reinvestment Act, October 12, 1977) They did this so everyone could get a house. They also wanted to get more people into house so the economy could move.Because of that the demand for houses increased and so did the prices and most people were not able to afford and could not get a loan form the bank. Because of that the government â€Å"†¦in 1995 gave the CRA serious teeth: regulators could now deny a bank with a low CRA rating approval to merge with another bank—at a time when the arrival of interstate banking made such approvals especially valuable—or even to open new branches. Complaints from community organizations would now count against a bank’s CRA rating. † (Lawrence H. White, â€Å"How Did We Get into This Financial Mess? † Cato Institute, November 18, 2008). HUD also â€Å"actively pushed Fannie Mae and Freddie Mac into backing the enormous expansio n of the nonprime mortgage market†¦. To fund their enormous growth, Fannie Mae and Freddie Mac had to borrow huge sums in wholesale financial markets. Institutional investors were willing to lend to the government-sponsored mortgage companies cheaply †¦ because they thought that the Treasury would repay them should Fannie or Freddie be unable. † (Lawrence H. White, â€Å"How Did We Get into This Financial Mess? ,† Cato Institute, November 18, 2008).Congress tried to help the people by putting out more funds like The American Dream Down payment Initiative (ADDI). ADDI helped first time house buyers by paying their down payment or the closing cost. This helps more people to buy a house. â€Å"The American Dream Downpayment Assistance Act authorized up to $200 million annually. Funds were appropriated for fiscal years 2004-2008†¦. ADDI helped first-time homebuyers with the biggest hurdle to homeownership: downpayment and closing costs† The original pu rpose of the president was to carry out any decisions that congress made, but the president was not independent of Congress.Congress still remained completely in charge of how their decisions were carried out. The president is part of the executive who was to look up to congress so there is not a person making all the decision. All the powers of government, legislative, executive, and judiciary, result to the legislative body [in the Virginia Constitution of 1776]. The concentrating these in the same hands is precisely the definition of despotic government. It will be no alleviation that these powers will be exercised by a plurality of hands, and not by a single one. 73 despots would surely be as oppressive as one. † (Thomas Jefferson, Notes on the State of Virginia, Query 13, 1784). But when it came to the housing market the president/ executive department and agencies did not live up to their purpose in their actions in the area of housing. For example â€Å"President Bill Clinton's HUD agreed to let Fannie and Freddie get affordable-housing credit for buying subprime securities that included loans to low-income borrowers. The idea was that subprime lending benefited many borrowers who did not qualify for conventional loans. † (Carol D.Leonnig, â€Å"How HUD Mortgage Policy Fed the Crisis,† Washington Post, June 10, 2008). In 1999 the Clinton administration viewed Fannie Mae as a hazard trying to prevent the housing bubble and collapse. â€Å"Treasury Secretary Lawrence Summers issued a warning, saying, â€Å"Debates about systemic risk should also now include government-sponsored enterprises, which are large and growing rapidly. ’ It was a signal moment. An administration official had said in public that Fannie Mae and Freddie Mac could be a hazard† (â€Å"How Washington Failed to Rein in Fannie, Freddie,† Washington Post, September 4, 2008).The Clinton administration really didn’t like Fannie because they tr ied to â€Å"discouraged Fannie and Freddie from buying predatory subprime loans. Department of Housing and Urban Development called for Congress to enact legislation to â€Å"prohibit the purchase by each of these entities of predatory loans. † Fannie Mae was designed to help people. The sole purpose of them were to get banks to sell loans to people that would not always be able to get loans and then Fannie and Freddie would buy those loans form the bank giving back the money back to banks. The U. S. government had created Fannie Mae in 1938 to buy mortgages from banks that loaned money to homebuyers†¦. It was a Depression-era creation designed to ease financing costs for borrowers still recovering from the economic devastation of the 1930s† (Gretchen Morgenson, Reckless Endangerment, 13). To bring compotation and have verity the government created Freddie Mac so more loans could be bought and more people would invest. â€Å"†¦from an agency of the governme nt into a partially private entity that issued common stock to public investors†¦.The president’s idea was to get the company’s liabilities off the government’s balance sheet† (Gretchen Morgenson, Reckless Endangerment, 13). To get Fannie and Freddie get going on it own, they would sell stock where people would be able to by one of loans that Fannie and Freddie would buy form the banks, but the good thing was if the person was not able to pay back to Fannie and Freddie, the person who bought the loan would get paid back form the government. That got more people to invest in Fannie and Freddie. To fund their enormous growth, Fannie Mae and Freddie Mac had to borrow huge sums in wholesale financial markets. Institutional investors were willing to lend to the government-sponsored mortgage companies cheaply †¦ because they thought that the Treasury would repay them should Fannie or Freddie be unable. † (Lawrence H. White, â€Å"How Did We Get into This Financial Mess? ,† Cato Institute, November 18, 2008). Around 1999 Fannie and Freddie became so big that the government was losing more money then making money.The treasury did not like that they had to pay back to the people who invested in Fannie and Freddie. They went in public saying that they are â€Å"hazard†. â€Å"In the fall of 1999, Treasury Secretary Lawrence Summers issued a warning, saying, â€Å"Debates about systemic risk should also now include government-sponsored enterprises, which are large and growing rapidly. ’ It was a signal moment. An administration official had said in public that Fannie Mae and Freddie Mac could be a hazard† (â€Å"How Washington Failed to Rein in Fannie, Freddie,† Washington Post, September 4, 2008).After this one could see how strong Fannie and Freddie has become and more people decided to investigate but were never able to bring it up and who did were sued and lost a lot. â€Å"Gensler and ot her Treasury officials feared the companies had grown so large that, if they stumbled, the damage to the U. S. economy could be staggering. Few officials had ever publicly criticized Fannie Mae and Freddie Mac, but Gensler concluded it was time to urge Congress to rein them in†¦.The bill failed† (â€Å"How Washington Failed to Rein in Fannie, Freddie,† Washington Post, September 4, 2008). When the economy downturn in 2001 due to lots of mortgages not paid and more foreclosed houses, the Federal reserve tried to bring it up by expanding the U. S. money supply the goal was to bring up the economy by putting money into the economy and people start spending. â€Å"In the recession of 2001, the Federal Reserve System, under Chairman Alan Greenspan, began aggressively expanding the U. S. money supply†¦.The expansion was accompanied by the Fed repeatedly lowering its target rate for the federal funds (interbank short-term) interest rate. The federal funds rate began 2001 at 6. 25 percent and ended the year at 1. 75 percent. † † (Lawrence White, â€Å"How Did We Get into This Financial Mess? ,† Cato Institute, November 18, 2008). But this did not help, low interest rates affect the behavior of investors. They stopped buying bonds and The Federal Reserve Board’s decision to slash interest rates to propel the economy was hurting investors who lived on the income generated by their holdings. In 2001, mortgage lenders †¦ understood that the low interest-rate environment was driving investors to securities that yielded more than Treasury bonds and other relatively conservative fixed-income instruments. † Due to less people-buying bond, the federal reserve made the interest rate low but they had to raise the house price to balance it. That way people saw this as in opportunity to buy a house with low interest rate. Example form 26D. In 2005 federal reserve desperately made the discount form 4. to 6. 5 to help get the house market rolling again. â€Å"In August [2005], the Federal Reserve Board increased its discount rate to 4. 5 percent, up from 2 percent the summer before. The Fed was finally trying to tap on the brakes of a runway real estate market† (Gretchen Morgenson, Reckless Endangerment, 286) What the feds tried to fix by getting more blacks to buy because of people getting on them form being racist kicked them in the butt when more than half had there house foreclosed. In October 1992, â€Å"Mortgage Lending in Boston: Interpreting HMDA Data† was published by the Boston Fed. Its authors were [Alicia H. ] Munnell, Lynn E. Brown, and Geoffrey M. B. Tootell†¦. Racial bias by mortgage lenders, Munnell and her colleagues wrote, not only existed it was pervasive. The HMDA data showed that black and Hispanic loan applicants were far more likely to be rejected by banks than were whites. The rejection ratio for minorities was 2. 8 to 1 compared with white applicants†¦ . There was only problem.The methods used by the Boston Fed researchers to prepare their report were flawed†¦. The analysis did not consider whether an applicant met a lender’s credit guidelines† I was happy that congress wanted to help anyone who wanted a house, there intensions were good by creating Fannie and Freddie but when people figured out that they can buy loans form Fannie and Freddie will be payed back when they know the owner of that mortgage will never be able to pay back. More community lost there value due to this.

Employee engagement Essays

Employee engagement Essays Employee engagement Essay Employee engagement Essay Employee engagement nowadays plays a more and more crucial role in workplace, as a powerful measurement of individual performance. Engaged employees are able to fully understand organizations objectives and goals, align with its interest, maximize their productivity. Regardless its importance, the literature theories of employee engagement are only been developed over the past two decades. Therefore, how to better apply the theories and link them to practice In workplace gets more and more concerns. The aim of this article is to explore different factors that are able to significantly affect employee engagement through the studies of nine long-term care (LET) facilities in Italy and the delivery business of New Zealand Post, moreover the study of FMC Company In India helps to support the arguments statistically. Furthermore, we will seek corresponding strategies to improve employee engagement. In particular, effective leadership and developing opportunity have direct effects on increasing work engagement. Furthermore, positive work environment and other factors also play a significant positive role in stimulating work performance. Employee engagement Is defined as a partnership relationship twine employees and organization, which requires an Individuals Involvement and enthusiasm for work, as well as active support from organization. The concept of employee engagement was first published by Kahn (1990) who suggesting engagement is affected by meaningfulness, safety and availability, which is in relation to Machs definition as high levels of activation and pleasant (2001). Sing the available positive psychology framework, engagement was further conceptualized as an individuals involvement, satisfaction with as well as enthusiasm for work (Harder et al. , 2002, p. 417). Moreover, Asks Multidimensional approach suggests that Job engagement significantly differs from the organizational engagement on various Job-related factors such as Job characteristics, organizational commitment and fai rness. Defining employee engagement still remains problematic, In the limited research on this topic these four approaches form a basic framework for the concept of work engagement from physical, emotional and cognitive aspects. As what suggested In the statistical results from FMC study, the following variables all contribute positively and significantly to employee: supervisor support, developing opportunities, positive work environment, decision authority, job characteristic. The maintenance of high level of employee engagement largely depends on effective leadership support O. Aristocrats J. Parker, 2013). As the models suggested, activation (Miasmal, 2001) and employee involvement (Harder, 2002) are positively associated with the degree of supervisor support. In the current workforce, the complexity for employees on meeting Job criteria and handing interpersonal relationship requires managers to manage workforce performance, deal with employee relations and deliver consistent results. This strategy was applied on the poesies successfully and got favorable results. Regular face-to-face talk with employees helps Individuals to be better Involved, activated and forming a stronger bond between Individual and organization. Therefore, as a mean to Improve employee engagement, organization is expected to offer a range of management management. Opportunity offer plays a key role in boosting active role performances and individual motivation. Room to develop enables employees to continuously increase their own professional abilities in carrying out their work. The accumulation f skills avoids people from stress and fears to challenges, prevent exhaustion that erodes engagement (Miasmal, 2001), and boost labor productivity. Opportunity also refers to the availability of organizational resources such as budge and manpower. So it is essential to encourage employees to make good use of provided learning resources in workplace such as structured learning on the Job, workshops, courses, library resources, etc. Positive work environment is recognized as an organizational culture that promotes individual rights, respect, fairness, trust and a balance of work and fun 0. Aristocrats J. Parker, 2014). This is an effective means to sustain high performance. It also refers to a high degree of cognitive commitment. It is obvious that managers play a key role in the function of providing such a positive work environment. Decision authority is considered to be one of the most important drivers in account for employee engagement. Taking employees perspective into consideration shows appreciation to their abilities and allows them to take ownership of their roles. This greatly stimulates employees motivation, activation and involvement and enthusiasm with their Jobs, as well as Job satisfaction. Differ from the statistical result from FMC, the L ETC contexts suggested decision authority plays a negative role in explaining work engagement (Sari, 2014) due to potential Job complexity. This expects managers to provide employees with decision-making authority when appropriate. Job characteristic refers to Job autonomy, Job pay and job definition. Job autonomy ultimately makes employee feel a sense of responsibility of their own choices, which positively brings energy, motivation and effort to work, and contributes to a higher self-efficacy. New recruitment is a mean to better match people to Jobs and help to clarify their own roles. So introduction of new rules and work design may be a good idea. Engaged employees nowadays are increasingly needed by organizations for the purpose of better meet desired organization outcomes as an individual, at the same time ensure their own sense of well-being. In particular, engagement is two-way: individual add value to the organization and the organization helps people to realize their own potential and worth, they reinforce each other. With the great significant of maintaining a high level of employee engagement, the development of the unclear concept of engagement is now further explored and developed in HARD landscape at a fast pace. The studies demonstrate that there is a bundle of Job resources able to explain individuals degree of engagement in their work, particularly, the most significantly affective drivers of employee engagement are supervisor support, development and growth opportunity and work environment, decision authority and Job characteristics. Among all, effective leadership is the most essential issue to guarantee the successful implementation of other strategies.

The Copenhagen Zoo killed Marius the giraffe and four lions.

The Copenhagen Zoo killed Marius the giraffe and four lions. When the Copenhagen Zoo in Denmark  killed Marius the giraffe  on February 9, 2014, the public outrage was instantaneous and worldwide. Marius was dissected in front of a public audience, including children, and then fed to the zoos lions. The furor had barely cooled down when, on March 24, 2014, the same zoo  killed four healthy lions, including some who had feasted on Marius remains.   Unfortunately, animals born at zoos do not always get to live their lives out fully.  David Williams-Mitchell, a spokesperson for the  European Association of Zoos and Aquaria,  told CNN that approximately  3,000 to 5,000 animals are killed each year at EAZA zoos. Of these, several hundred are large animals like giraffes and lions, while the majority are smaller animals, including insects and rodents. According to The Independent, five giraffes have been killed in Danish zoos since 2012, as well as  22 healthy zebras, four hippos and two Arabian Oryx throughout Europe. Although policies of the American Association of Zoos and Aquariums are different from those of the EAZA, the animals in American zoos do not always live out their lives at the zoo. Marius the Giraffe    Marius was a healthy, two year old giraffe who was killed by the Copenhagen Zoo  to prevent inbreeding. Although other zoos had offered to take in Marius, one already had Marius brother (making Marius genetically redundant at that zoo), and the others were not accredited by the EAZA. Lesley Dickie, Executive Director of the European Association of Zoos and Aquaria, explained in a CNN op ed that Marius would be unlikely to survive in the wild; sterilization for male giraffes can lead to undesirable side-effects  and contraception for female giraffes is difficult, in its infancy, can can be irreversible. Dickie and Copenhagen Zoo officials have repeatedly pointed out that the killing of Marius was within EAZA guidelines.   The zoo and their staff have received death threats and threats to burn down the zoo. Four Lions Killed at Copenhagen Zoo    A few weeks.after killing Marius, the Copenhagen Zoo killed a family of four healthy lions - two parents and their cubs. The zoo had brought in a new, young male to mate with the 18-month-old females who had been born at the zoo, and did not want the young females to mate with their own father.  The zoo argues that the new male would have killed the adult male and two young cubs, as part of a male lions natural behavior of killing all the cubs  and killing the adult male when he takes over a new pride of lions.   The zoo claims that no other zoos were interested in taking the lion family. The justifications for killing the lions have focused on the animals natural behavior, but killing the lions is hardly natural. In the wild, the new male would have to oust the male head of the pride before taking over. This would happen only if the new male were stronger.  Survival of the fittest keeps the species strong as it continues to evolve.   While a new, stronger male would have killed the existing male and the young cubs,  this explanation fails to  address why the older female lion was killed. Controversy . While animal rights activist oppose keeping animals in zoos regardless of their breeding and killing policies, the practice of killing excess animals is especially objectionable and draws public outrage. If thousands of animals are killed every year, why did Marius death garner so much media coverage? It may have been because Marius was dissected and butchered in front of a public audience, and then fed to lions. The controversy, however, was not centered around the dissection and butchering, but on the reasons the giraffe was killed. As Dickie points out, a zoos resources are finite. They knew or should have known in advance that Marius would be genetically undesirable for breeding and yet they allowed Marius parents to breed. The arguments against sterilization or transferring Marius are unconvincing. The British zoo that wanted Marius is capable of making their own determination as to whether Marius was valuable, and the problems with sterilization cannot be worse than death. The whole problem appears to stem from the zoos desire to feature baby animals, even if allowing the animals to reproduce leads to overbreeding, overcrowding and killing.   Supporters of the zoo point out that lions are regularly fed meat from dead animals, and many critics of the zoo are not vegetarian. However, whether some critics of the zoo are hypocrites is a separate issue from whether the zoo was right in killing Marius. Animal rights activists do not believe in keeping any animals in zoos (not be confused with sanctuaries), and are vegan, so there is no inconsistency in the animal rights position.   After the four lions were killed, humor website The Global Edition published a satirical  piece,  Copenhagen Zoo Kills Four Healthy Staff Members To Make Space For New Employees. American Zoos and Aquariums While European zoos would rather allow the animals to naturally reproduce and kill excess animals, American zoos prefer contraception. Regarding Marius killing,  the American Association of Zoos and Aquariums stated in a press release,  Incidents of that sort do not happen at AZA-accredited zoos and aquariums, pointing out that AZA-accredited zoos minimize overbreeding. AZA zoos do sometimes overbreed, leading to animals being sold to unaccredited zoos, circuses, and even canned hunting operations.   Jack Hanna,  director emeritus of the Columbus Zoo and Aquarium in Ohio, called the killing of Marius the most abominable, insensitive, ridiculous thing Ive ever heard of. What is the solution?    Many have argued that Marius could have been sterilized, that his parents could have been sterilized, or that Marius should have been transferred to another zoo. The lions could have also gone to another zoo, the zoo could have built a second lion enclosure,  or the zoo could have passed on bringing in the new lion. While these solutions may have saved these five lives, the issue is bigger than these five animals. Keeping animals in captivity, regardless of whether they are bred, overbred, or intentionally killed,  violates the animals rights  to live their lives free of human use and exploitation. From an animal rights viewpoint, the solution is to boycott zoos and all animal cruelty, and go vegan.

Welding - Plumbing - Learn a Trade, Find a Job

Welding - Plumbing - Learn a Trade, Find a Job It’s probably fair to say that nobody wants to experience the Great Depression again. Ever. The unemployment rate hit 20.1 percent in 1935. Our senior generations remember those days well. It seems you don’t easily forget being hungry. The U.S. Department of Labor reports that in January, 2009, the unemployment rate in the U.S. was 7.6 percent. People are responding by taking action, some of them by going back to school to learn a trade or finish a degree. Welding or CNA Anyone? â€Å"Interest in our Certified Nursing Assistant (CNA) classes is way up,† said John Kenney, Director of Continuing Education at Arkansas State University – Mountain Home (ASUMH). â€Å"Our welding technology program has seen the largest jump.† Kenney increased his welding faculty this semester to provide more classes. ASUMH now offers evening classes Monday through Friday and day classes Friday and Saturday, and most are filled to capacity. â€Å"Im seeing a definite shift this semester,† Kenney said, â€Å"from retirees who just want to learn to weld to a younger group of students who are in their late 20’s, early 30’s who are looking for a change in careers or who want to start a new career. As you would expect, some have been laid off from their jobs or are underemployed. They seem to be a motivated group who are eager to learn.† Kenney reported that many are choosing to document their skills through national certification testing such as that provided by the American Welding Society. Add a Degree to Your Trade Knowledge At the University of Minnesota, Bob Stine, the Associate Dean of the College of Continuing Education, Degree and Credit Programs, sees increased interest in the B.A. degree they offer in Construction Management. It’s designed for people who already have a two-year Associate’s degree and want to advance their careers. Students come in as juniors. â€Å"There’s a heavy dose of applied business courses,† Stine said, â€Å"so students learn the business side of the background they already have in a certain trade.† The U of M also offers a new online degree completion program for students who have at least two years of college and want to finish their degree. The innovative program starts with one face-to-face introductory class and is completed online. â€Å"The first class is about self-reflection,† Stine said, â€Å"in which students ask themselves why they’re going back to school, why it’s rational, and what their desired course list looks like. They say at the end, ‘Now I understand what I’m doing and why,’ and off they go.† How About an Environmental Occupation? The Water Quality courses at the Training, Research Education for Environmental Occupations Center (TREEO) at the University of Florida are popular and appreciated. This is what one student had to say, â€Å"My confidence level shot up, and the most valuable portions of the course to me were the math, trouble-shooting, and treatment processes.† Even the smallest towns need water-treatment personnel. It’s one of those jobs we tend to take for granted. UF also provides courses in everything from health professions and insurance to law and real estate. Dr. Eileen I. Oliver, is Interim Dean and Professor of the Division of Continuing Education there. Overall, Enrollment is Up â€Å"Overall, enrollment is up this semester at ASUMH for all classes and I believe at most 2-year colleges,† Kenney said. â€Å"Money is tight and community colleges offer good value for dollars spent.† ASUMH is beginning new CNA classes each month and they’re usually at maximum enrollment. Kenney is seeing several students who have been working in housekeeping or who have been employed as aids who want to increase their skill-level for higher-paying jobs as Certified Nursing Assistants. Charles Russell, a learner representative who answers an information line at the U of M, shared his take on the changes he sees in callers to the university. â€Å"My instincts tell me we are getting fewer passive inquiries and more decisive action from learners,† Russell wrote. â€Å" ‘I am thinking about’ is being replaced with, ‘I need to.’ To me, this subtle shift is the result of the economy forcing the decision as people react to their personal anxieties over the current economic uncertainties. Being proactive gives a person the feeling of control over their situation.† The U of M is also seeing a definite â€Å"increase in the number of people seeking individual appointments with our career and lifework counselor,† according to Rachel Wright, Marketing Communications Associate. All of this is good news for non-traditional students considering going back to school to either protect a job they love or to find a more secure position. Take the advice of these professionals. Check out what your local community colleges and universities have to offer you. Ask how they make it easy for you to take classes while you’re working and raising a family. Make an appointment with a counselor. Take action. You don’t ever have to go hungry.

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

What is Ethical Leadership - Essay Example Leadership is defined as the power to motivate people by words, actions and deeds using vision, belief and truthfulness. Ethical leadership is defined as the process of â€Å"ethically motivating others in ethical directions† consisting of both â€Å"procedural† and â€Å"substantive† (character-based) aspects (Chumir, 1992). The procedural dimension of ethical leadership includes problem-solving and decision-making techniques within the circle of ethics. For example, ethical leadership demands that the leaders, before putting their decisions into action, inform and discuss them with the parties which are going to be affected by their decisions. This means that the concerned parties are being given due respect and importance. The substantive aspect of ethical leadership includes knowledge, strong standards and courage to follow ethical directions despite strong opposition. The success of an organization depends largely on value-based actions and deeds. Ethical le adership will take care of the workforce so as to maintain a healthy environment within the organization. An ethical leader will keep track of having the salaries paid in time with no delay, will consider paying rewards and bonuses to the employers, will listen to the workers’ problems and will try to eliminate them. This will keep them working at high efficiency rates. The ethical leader will make pacts with business partners keeping in view what they want and respecting their decisions.

Global Governance Essay Example | Topics and Well Written Essays - 2000 words

Global Governance - Essay Example As the paper declares the interests and benefits of common people are mainly focused in global governance. From the ancient times, the empires of various regions played vital role in the movement of global governance. U.S has given huge efforts in establishing human rights. The empire of America organized and implemented the concept of sovereignty. Earlier, the empire used to have huge power in their hand and in most of the cases they misused that power by oppressing people. The movements of global governance tried to end that oppression. The conqueror or empire was considered as government. But in the present times, people play significant roles in selecting the government. This process is considered as an important result of global governance. This discussion stresses that the concept of globalization was developed in 19th century and it became highly popular in different nations during 1980s. Effective policies and regulations were developed for benefiting common people. At the time of empire rule, countries used to focus only on their growth and developments which in many instances hampered other countries. The strong and powerful nations like U.K, U.S etc used to control several other countries. During the empire rule, people of many countries suffered from strong oppression. They did not have the right to go against the words of the empire. Gradually with the development of the government, the condition of common people started improving.

Business Development Case Study Example | Topics and Well Written Essays - 1500 words

Business Development - Case Study Example All the departmental manager in the branch will report directly to him and he will be assisted by a secretary. Followings are description of two jobs from each department respectively. Finance Manager He/She takes care of all financial issues. His department will collect money from the cashiers and put them into bank. Besides, they will have to document all the financial transaction including prepare the costing, balance sheet and estimate the profit and lost of the business. Costing Executive He/She will do the calculation of the costing of the operation of the whole business. Her work coordinates all aspect related to cost example the electricity and water usage, man power usage, compensation to customer, cost of goods and etc. Human Resource Manager He/She is in-charged of the human energy. The main role is to do workforce planning, recruit and select suitable employee and to provide training and motivate them. Payroll Assistant He/She calculates the salary of all employees, checking attendance and performance of the people in the organization. The work is very confidential in the company. Logistic and Warehouse Manager He/She will be responsible of the goods lodging and receiving, taking care of the warehouse and inventory in the branch. General Wokers He/She will help to load or unload goods, help to arrange them in warehouse and deliver it to departments that need the goods. Sales and Marketing Manager He/She is managing the sales in the branch. He needs to achieve the sales target preset by the group marketing manager, help to organize events and promotions to increase sales. Cashiers He/She collects money from customer for purchasing goods. Comparison of Debenhams Plc's organizational chart and a grocery shop In comparison to Debenhams...Besides that there are a lot of management and financial skills involved. A good businessman should continuously seek improvement in his work as in Debenhams Plc. The organizational chart for Debenhams Plc was shown in figure 1. In each branch, the management is lead by a branch manager. He overlooks the operation of the whole branch. All the departmental manager in the branch will report directly to him and he will be assisted by a secretary. Followings are description of two jobs from each department respectively. He/She takes care of all financial issues. His department will collect money from the cashiers and put them into bank. Besides, they will have to document all the financial transaction including prepare the costing, balance sheet and estimate the profit and lost of the business. He/She will do the calculation of the costing of the operation of the whole business. Her work coordinates all aspect related to cost example the electricity and water usage, man power usage, compensation to customer, cost of goods and etc. In comparison to Debenhams Plc, a grocery has a very simple organizational chart. The leader in the chart is the owner himself. He will be assisted by one or two general workers. The owner will be the HR, finance, sales, marketing and cashier himself. His workers will help him to load and unload goods.

The coming of the American Revolution Research Paper

The coming of the American Revolution - Research Paper Example Great Britain was expected to be victorious because of its huge armed and naval power. Comparatively, American side was much more lacking in terms of armed and naval forces, size of army and previous experience at fighting against any huge state. Americans were interested to fight for independence while British fought for the continuity of their control over the American colonies considering their fighting spirit as a mutiny. Benedict Arnold was a part of Patriots belonging to the American side, but after being neglected and not sufficiently appreciated for his efforts in the wars, he became a turncoat and joined British army. Both sides have different advantages and disadvantages regarding their skills and experience. However, America has an upper hand in the war followed by its independence. The turning point for the Patriots was the battle of Saratoga. This paper discusses about the role of Benedict Arnold in the American Revolution, the advantages and disadvantages of the two sid es of the Revolution and the turning point for the patriots. Benedict Arnold, an Important Figure in the American Revolution Benedict Arnold participated in the American Revolution and was responsible for many victories during the revolution. Initially, he appeared as a heroic figure as he worked very hard for the independence of America colonies. Arnold became a part of the Continental Army as a patriot in 1775. Arnold joined Allen and his Green Mountain Boys on 10 May in order to take hold of the credulous British fort located at Ticonderoga in New York1. Arnold took part in another mission, which was planned to assemble Canadian dwellers as members of American army and take hold of the northern base that was held by Britain at that time so that the striking rate of the American side gets improved. This mission was very troublesome as the troops were required to march to Quebec from Maine. Arnold managed to attack the well guarded Quebec along with other patriots through a snowsto rm on 31st December knowing about the death and severe condition of many of his troops. He was left with no other opportunity, but to assault against the force. Arnold was severely injured and the attackers failed to have any victory. They had to face severe loss at the hands of British and Canada remained a British colony2. After being in good health again, Arnold joined in a significant mission that was to obstruct British incursion in New York in autumn of 1776. Arnold’s role in constructing an American naval force was appreciative as he managed to provide hastily prepared armada on Lake Champlain where a British invasion under the command of General Carleton was expected. British fleet was flabbergasted at finding American fleet waiting for them beforehand3. The British fleet pushed back the American fleet, but the action took a long time, which made the British army return to Canada after reaching New York as the war season was over. Arnold’s effort was approving and admirable as the Patriots were able to shun a major destructive step from the British side4. Arnold was unable to get the appreciation and recognition that he deserved instead of all his efforts towards supporting the independence cause. Arnold had no promotion while five junior officers of American army were endorsed to higher ranks. Considering this step as disapproving, he resigned from the army, but after

Literature review in E-commerce in saudi arabia Assignment - 1

Literature review in E-commerce in saudi arabia - Assignment Example en established, but there is limited empirical research that assesses the e-commerce adoption in developing nations in the Arab word such as Saudi Arabia. The study examined the perception of mobile phone users and their concerns regarding the gadget’s authentication and security. The results supported various studies in the previous literature mobile devices authentication. Therefore, the users need an advanced security for their mobile devices. Adel A. B., Rayed A., and Salem A. (2014). Adoption Factors for e-Malls in the SME Sector in Al-Somali, S., Gholami. R. and Clegg B.T (2009). â€Å"An Investigation into the Acceptance of Online Banking in Saudi Arabia†, Technovation, 29 (2), 2009, pp.130-141. Rayed, A. Drew, and Waleed A. (2011). Factors Influencing E-Commerce Adoption by Retailers In Saudi Arabia: A Qualitative Analysis. The Electronic Journal on Information Systems in Developing Countries. Rayed, A. Drew, S., and Alhussain, T. (2012). A Conceptual Framework for the Promotion of Trusted Online Retailing Environment in Saudi Arabia.International Journal of Business and Management. Retrieved February 8, 2012 from URL: http://dx.doi.org/10.5539/ijbm.v7n5p140. Rayed, A., Nguyen, A., and Jones, J. (2013). A Study of Influential Factors in the Adoption and Diffusion of B2C E-Commerce. International Journal of Advanced Computer Science and Applications. Saudi Arabia .International Journal of Computer Science and Information Technologies. Zhu, K and Kraemer, K. (2005). â€Å"Post-Adoption Variations in Usage and Value of E-Business by Organizations: Cross- Country Evidence from the Retail Industry†, Information Systems Research, 16(1),2005, pp.

The coming of the American Revolution Research Paper

The coming of the American Revolution - Research Paper Example Great Britain was expected to be victorious because of its huge armed and naval power. Comparatively, American side was much more lacking in terms of armed and naval forces, size of army and previous experience at fighting against any huge state. Americans were interested to fight for independence while British fought for the continuity of their control over the American colonies considering their fighting spirit as a mutiny. Benedict Arnold was a part of Patriots belonging to the American side, but after being neglected and not sufficiently appreciated for his efforts in the wars, he became a turncoat and joined British army. Both sides have different advantages and disadvantages regarding their skills and experience. However, America has an upper hand in the war followed by its independence. The turning point for the Patriots was the battle of Saratoga. This paper discusses about the role of Benedict Arnold in the American Revolution, the advantages and disadvantages of the two sid es of the Revolution and the turning point for the patriots. Benedict Arnold, an Important Figure in the American Revolution Benedict Arnold participated in the American Revolution and was responsible for many victories during the revolution. Initially, he appeared as a heroic figure as he worked very hard for the independence of America colonies. Arnold became a part of the Continental Army as a patriot in 1775. Arnold joined Allen and his Green Mountain Boys on 10 May in order to take hold of the credulous British fort located at Ticonderoga in New York1. Arnold took part in another mission, which was planned to assemble Canadian dwellers as members of American army and take hold of the northern base that was held by Britain at that time so that the striking rate of the American side gets improved. This mission was very troublesome as the troops were required to march to Quebec from Maine. Arnold managed to attack the well guarded Quebec along with other patriots through a snowsto rm on 31st December knowing about the death and severe condition of many of his troops. He was left with no other opportunity, but to assault against the force. Arnold was severely injured and the attackers failed to have any victory. They had to face severe loss at the hands of British and Canada remained a British colony2. After being in good health again, Arnold joined in a significant mission that was to obstruct British incursion in New York in autumn of 1776. Arnold’s role in constructing an American naval force was appreciative as he managed to provide hastily prepared armada on Lake Champlain where a British invasion under the command of General Carleton was expected. British fleet was flabbergasted at finding American fleet waiting for them beforehand3. The British fleet pushed back the American fleet, but the action took a long time, which made the British army return to Canada after reaching New York as the war season was over. Arnold’s effort was approving and admirable as the Patriots were able to shun a major destructive step from the British side4. Arnold was unable to get the appreciation and recognition that he deserved instead of all his efforts towards supporting the independence cause. Arnold had no promotion while five junior officers of American army were endorsed to higher ranks. Considering this step as disapproving, he resigned from the army, but after

Liquid Gated Biosensor Research Paper Example | Topics and Well Written Essays - 5000 words

Liquid Gated Biosensor - Research Paper Example 6 18 Conductometric biosensor 19 Surface acoustic wave-based sensors 20 Bibliography 20 Farhan A.(2008 ).Nanobiosensors .American Society of Civil Engineers.Methods Mol Biol. Pp.115-26. 24 Further reading 24 Palchetti I, Laschi S, Mascini M. (2010). Electrochemical biosensor technology: application to pesticide detection. Universita degli Studi di Firenze. Italy. 25 Background/introduction Nanotechnology advances are opening development for the biosensors on micron size features that are suitable on detection of molecules in biological sciences. Based on the size micro is added onto the biosensor to indicate the scale. Development of biological sensors for water industry is experiencing growth on the two decades past (Lim et al 2005). The progress on the developments in nanotechnology provides the nano-materials (Vaseashta 2005). Nanoscale materials show extraordinary electrical and optical as well as mechanical properties in comparison to their counterpart. Sensors using these mater ials interact with the cells such as bacteria, protozoa and virus as well as proteins, antibodies. They also interact with chemical species to produce a signal. These signals are converted to property with a measurable response such as current or light intensity etc. which may be amplified or processed and even stored for the analysis (Erickson et al. 2008). Objectives The main objective of the study include; -To use reduced graphene oxide to detect cytochrome c. - To describe why reduced graphene oxide is used as a detection platform for cytochrome c (protein) using the liquid gated method Literature review The main applications for the biosensors are focused on the water safety for detecting waterborne pathogenic organisms. Diseases from pathogens that are water borne give a great challenge in developing and developed countries. According WHO (2005), World Health Organization estimated deaths in year 2005 of about 1.6 million on consequences diseases that are water borne. These ri sks have not been completely in elimination with best practices of water treatment in this industry. The predominant techniques identified waterborne disease causing pathogens and rely on culture based practices that are selective and also time consuming. A study conducted by Farhan (2008) reveals that, Biosensors meet most requirements hence leading to highly sensitive and specific as well as a rapid platform in detecting the waterborne pathogens. Studies have reported on biological molecules techniques and also transduction techniques on various pathogens (Farhan 2008) .At present very few assays meeting the requirements for assay time and also detection limit. The high percentage applications of biosensors in food industry are on development of the portable detection platform (Arora et al 2006). In Consideration of the diverse and complex environmental samples and wide range on environmental applications and also economical benefits that are low. Presently more need is of portabl e biosensors that have rapid detection in waterborne pathoge

Hotel Rwanda Essay Example for Free

Hotel Rwanda Essay Hotel Rwanda takes place in the years to1994, during the horrific genocide by the Hutus to hundreds of thousands of Tutsis. In Rwanda, you were a Tutsi or a Hutu and intense violence and hatred toward the Tutsi was encouraged and supported through the radio. Fighting, killing and opposition had been going on for several years, and when a new president signs a peace treaty to put the insane turbulence to an end, he is murdered. Paul Rusesabagina is a hotel manager at the nicest and most colorful hotel in their city of Rwanda. When news of the president reaches, European guests and staff leave the hotel to not be involved with the weeks that will worsen for the injustice to the Tutsis. Paul is assigned to be held in charge of this hotel and is threatened with the death of not only his wife and small children, but his neighbors and his friends. Paul continues to give everything he has to save their lives, while harassment of the Tutsi’s is increasing rapidly. Continuing, as the days of the killing and hatred grow stronger, Paul sees the horrific situations of orphans and families who have no place else to go and need the survival and safety of Paul’s hotel. As Paul let’s these people into his hotel, he finds himself with almost no one to turn to and is left with duty to save the innocent. One scene revives him to conquer this duty, as he views hundreds of dead bodies who had been murdered. A UN colonel does have his back and attempts to save lives living at the hotel by assigning visas to many of the â€Å"guests†. Yet the attempts of smuggling the people twice will not last because of the hatred of the radio to the Tutsis that is determined to make the massacre more successful. During this time, Paul realizes and assembles courage to dedicate the protection of not only the lives he knows but the innocent people outside the walls as well, and his hotel turns into a refugee camp. According to the movie, Paul saves 1,268 refugees and a million corpses were left behind. Rusesabagina and his wife Tatiana find their lost nieces and are safe by reaching the border and are filled with freedom and relief. The character of Paul is played by Don Cheadle and he played his character with such intensity I felt as if I were living in the movie and as if I were standing there watching everything taking place. Before watching this film, I never knew such horror and a terrible genocide had taken place. You surly don’t think about the horror of the present or the past as often as you should, and this film made me think, worry, and fear of all I never knew and don’t know. In the years leading up to 1994, other countries stood by and did nothing and by the will of God, one person, stood up and took on images that scarred him for life, even with the terror of planning a better death for his wife and children. This movie is definitely one of the most inspiring movies I’ve ever viewed, and my emotions had changed constantly, I was captured.

The Effectiveness Of Methods To Control Microorganisms Health Essay

The Effectiveness Of Methods To Control Microorganisms Health Essay In the following assignment I will discuss the effectiveness of methods to control microorganisms in particular I will highlight the methods such as temperature, Immunisations and antibodies. Temperature is a huge factor in the growth of microorganisms along with food supply, pH levels and time. Refrigeration and freezing play a role together in the growth of bacteria in foods. Freezing foods at low temperatures merely leaves large amounts of microorganisms dormant by being unactive which is an effective method of controlling the spread of the microbes but not in the eradication of the microorganisms. As the temperature increases the microorganisms become active and spread which can lead to illness. The types of bacteria found in refrigerated foods are pathogenic bacteria and spoilage bacteria, such as salmonella, listeria, E.coli O157. these bacteria are present in large amounts of foods which have been repeatedly frozen again. Certain foods have different shelf lives to others because of this certain foods have to be frozen before the use by date for availability of consumption. A refrigerator is an effective method for the control of microorganisms. Effectiveness of controlling microorganisms by freezing/refrigeration is visibly present as spoilage bacteria turns foods off, changing colour, fungi growth, they release bad odours and by freezing foods/refrigeration it lets foods be available for consumption for longer periods of time. There are over a million cases of food poisoning each year, 20,000 hospitalisations and 500 deaths. This rate is slowly decreasing in the U.K. This costs the economy  £1.5 billion each year (Micbo 2012). In Northern Ireland and Scotland the risk of food poisoning from local food stores and food outlets was increasing at an alarming rate. The Food Standard Agency devised a plan to introduce a scheme of rating every food outlet and provider with a score from 1-5 on their business when it is inspected by a food safety officer from the businesss local authority. The hygiene rating shows how closely the business is meeting the requirements of food hygiene law (The Food Standards Act 1999). (FSA 2012) Th is scheme along with food hygiene legislation greatly decreases the rate of microorganisms growing and it is a great way that shows that when the rules are followed correctly the methods are effective in controlling microorganisms. An autoclave is a machine which operates highly pressurised steam, this is known as sterilisation. Sterilisation is the most effective method of controlling microorganisms. Due to autoclaves being used in a large scoop of practise, every practise has their own set of guidelines in the use of autoclaves. With further research I have concluded that the majority of autoclaves based on the University of Cardiffs research guidelines preform at the same capacity i.e. correct autoclaving will result in a 100% kill rate. It should therefore be the first choice method (wherever practicable) both wild-type and genetically modified micro-organisms. (UOC2012). With this information I can concluded that the use of autoclaves for example within a hospital or dental care practise is different to a lab environment autoclave. This means that autoclaves in hospitals and dental care practises come into contact with a range of different microorganisms and it is these microorganisms that spread disease. In do so some microorganisms have adapted and modified to insure survival such as prions, these prions do not eradicate at normal pressurised temperatures such as the typical 134  °C for three minutes or 121  °C for 15 minutes. The overall effectiveness in controlling microorganisms with the use of an autoclave is still considered to be the best method. Due to the factor of small amounts of prions still alive after autoclave it poses major concerns with infection control policies. Immunisations are one of the greatest achievements of medicine and it has saved millions of lives that have been spared from diseases. Immunisations can prevent diseases such as measles, mumps, rubella and a wider list ranging from anthrax to yellow fever. (DOH2012)(NHS,1.2012) Measles, mumps and rubella known as MMR our infectious diseases. Since the introduction of the MMR vaccination in 1998 the number of children who develop the disease has fallen to a relatively low number. The MMR vaccine works by activating parts of the immune system to produce antibodies against MMR. If you come into contact with one of the diseases your immune system will produce antibodies to fight against it or them. According to BUPA UK after the first dose of the MMR vaccine, 64 out of 100 people will be protected against mumps, 90 out of 100 people will be protected against measles and 95 out of 100 people will be protected against rubella. After the second dose, 99 out of 100 people will be protected against all three illnesses. (Bupa2012) Controversy over the effectiveness of the MMR vaccine and its side effects caused by the published findings by Dr Andrew Wakefield in 1998 caused a huge number of people not receiving their children vaccinated against MMR. His published findings showed a strong link between the MMR vaccine and autism and bowl disease. An investigation of the published findings showed that by Dr Andrew Wakefield used controlled tests with selected individuals in which he based his findings on. This was a huge error in his findings which proved that Dr Andrew Wakefield findings where wrong but because these findings were published they caused panic for the public. MMR still has a foothold in the United Kingdom and across Europe and it hasnt been totally eradicated like the infectious disease called smallpox. The Department of Health along with the General Medical Council state that Over 90% of individuals will seroconvert to measles, mumps and rubella antibodies after the first dose of the MMR vaccines currently used in the UK (DOH2010) which shows that it is a highly effective method. The Antibiotic was first discovered in 1928, the first antibiotic was called penicillin by Andrew Fleming. Penicillin is used to treat infections caused by bacteria. Over time these bacteria have become multi-resistant to antibiotics with the abuse of antibodies which create new strains of bacteria known as super bugs such as (MRSA) Methicillin-resistant Staphylococcus aureus and (TB) Tuberculosis. According to the Northern Ireland Strategic and Research Agency (2012) the number of deaths with Staphylococcus aureus or MRSA mentioned and recorded as the underlying cause on the death certificate by registration year, 2001-2011 with All Staphylococcus aureus at a percentage of 35% and MRSA with a percentage of 31%. Compared to 2001 All Staphylococcus aureus where at a percentage of 52% and MRSA at a percentage of 44% (NISRA2012). These findings show that the mortality rate for all Staphylococcus aureus and MRSA in Northern Ireland is on the decline due to infection control policies, ant ibiotic administration policies and proper use of antibiotics. Therefore antibodies are extremely effective method for the control of microorganisms when used correctly in accordance with your doctor and policies (NICE 2012). Reference Section (Bupa2012) Bupa Information Resource website (2012) On how effective is the MMR vaccine? [Accessed Online] Available from http://www.bupa.co.uk/individuals/health-information/directory/m/mmr-vaccine?tab=Resources (Date Accessed: 23/11/12) (DOH2012) (NHS,1) Department of Health website NHS Choices website (2012) Immunisation facts [Accessed Online] Available from http://www.nhs.uk/Planners/vaccinations/Pages/Landing.aspx (Date Accessed: 23/11/12) Department of Health (2010) and General Medical Council (2010) / NHS Publications of Immunisations statistics from 2009-10 with the present. [Accessed Online] Available from https://www.wp.dh.gov.uk/immunisation/files/2012/07/Chap-21-dh_122643.pdf http://www.ic.nhs.uk/webfiles/publications/immsstatisticsreplacement/imms%20200910%20replacement/Immunisations_Bulletin_2009_10_v2.pdf (Date Accessed: 23/11/12) FSA 2012) Food Standards Agency. Food Safety Week statistics.*(2012.) [Accessed Online] Available from http://www.food.gov.uk/multimedia/pdfs/fsw2012-toolkit.pdf (Date Accessed: 23/11/12) (FSA 2012) Food Standards Agency. Food Standard Hygiene Act 1999 [Accessed Online] Available from http://www.food.gov.uk/enforcement/regulation/foodstandardsact (Date Accessed: 23/11/12) (NICE2012) National Institute for Health and Clinical Excellence Infection: prevention and control of healthcare-associated infections in primary and community care (2012) [Accessed Online] Available from http://www.ips.uk.net/uploads/guidelines/NICE%20Clinical%20Guidelines%20for%20Infection%20Control_CG139.pdf (Date Accessed: 23/11/12) (NISRA2012) Northern Ireland Strategic and Research Agency (2012) [Accessed Online] http://www.nisra.gov.uk/demography/default.asp29.htm (Date Accessed: 23/11/12) (Micbo2012) Microbiology Online [Accessed Online] Available from http://www.microbiologyonline.org.uk/about-microbiology/microbes-and-food (Date Accessed: 23/11/12) (UOC2012) University of Cardiff evidence based research on the OSHEU Autoclave Guidance Online Document effectiveness of the autoclave [Accessed Online] Available from http://www.google.co.uk/url?sa=trct=jq=esrc=ssource=webcd=1ved=0CDAQFjAAurl=http%3A%2F%2Fwww.cardiff.ac.uk%2Fosheu%2Fresources%2FAutoclave%2520Guidelines%2520draft%2520document.docei=Ee6uUJT4H8fD0QXp9oHIDwusg=AFQjCNEYNS-kN77ojA7_rYNFnSRywJKAggsig2=s1poyV8RmTH3TngWK-ijLQ (Date Accessed 23/11/12)

What Is The Most Effective Way To Discipline Student :: essays research papers

School is the battleground for too many participants. For most teachers and students, a main battlefield revolves around discipline. Maintaining good discipline is a necessary condition for establishing a classroom climate that is conducive to learning. There are many ways to provide discipline, but one of the most productive is motivating students because they care about what they are learning. Enthusiastic teachers who present their material in stimulating, meaningful ways motivate students. When students are actively learning content that has personal meaning for them, they have neither the time nor the energy to create discipline problems. Conversely, when students feel that they are passive receptacles for knowledge, they become bored, turned off, and find satisfaction in acting out. Stimulating lessons require competition, high-level thinking, working cooperatively, and create products that evoke pride. Teacher has to increase students’ response, ask more low-risk, open-ended questions, see that low-ability students have an equal chance to respond. Of course, it is not easy work. Only teachers, who love their work and give all their time to make their lessons in such way can increase interest of their students and therefore provide discipline. I used to work as a teacher in a school for children with difficult behavior. When I started my job, the question of discipline was the main. And only after I could concentrate students’ attention on mathematics, when I knew how to work with students with different ability at the same time, when I did not give them a moment for relaxation, the discipline problem was solved. Competition is highly stimulating and motivates students to achieve their best. When competition focuses on the means, or process, the results are rewarding and high levels of learning can be achieved. Teamwork is a positive experience. Winning is important as playing. In my practice, the process of playing always was stressed above the final score. I often used games without score that supplemented the more competitive activities. Cooperative learning or working in groups is very important as well. Students work together in small groups in the classroom.

Kraft and Cadbury Merger Essay

What is the role of the government in this merger? What is the impact on the shareholders, what are their thoughts about it and is it a successful merger or not. Other than Kraft and Cadbury four aspects of doing business internationally has been discussed and their influence in an international business career. 1. 1 How and why Kraft identified Cadbury as a potential partner? On 19th January 2010 Kraft the American Giant, acquired Cadbury the most popular and one of the most selling brand in chocolates for $11. 5bn. The reason for Kraft to identify Cadbury as its potential partner and even after Cadbury rejected its first bid on 7th September 2009, and then came up with a higher bid, was that Kraft wanted to bring in the most loved British Chocolates to USA, because the chocolates that America produces are only loved by American’s and are not so loved around the world, while they targeted the British company because they make better chocolates plus they wanted to get into the British market and to get into the British market remaining into the food industry they could not identify a better option than acquiring Cadbury by merging these two companies one they capture the British market of dairy food plus they introduce their products into Britain and the Cadbury products into USA having the plus points of both cultures. Expected benefits Kraft is the second largest Food beverage company in the world, which produced revenue of 49. billion USD in the year 2010 (Kraftfoodscompany, (2011) and is operating in more than 150 counties worldwide and has an Employee number of around 100,000. Where as Cadbury on the other hand is the second largest Confectionary Company in the world, which produced revenue of 5. 38 billion USD in the year 2008 (Cadbury annual report, 2008) and has a very strong hold in Asia Pacific and Latin America and has an Employee number of around 70,000. When these two giants combine, one American Giant and other British Giant, they both can conquer the food industry if they both are managed well. In 2010 Kraft already made revenue increase of 0. 7 billion USD from 2008 to 2010 after the take over of Cadbury (CNN, 2011). Kraft and Cadbury can both work very well and can avail a lot of benefits from each other provided that both them work together, because Kraft has its own management too large in scale and Cadbury as well. 1. 3 Synergies for both companies involved? After the merger of Kraft and Cadbury, both companies are expected to have revenue synergies and have an increase of the net revenue of up to 5% or more. They are targeting the long-term output for it. Which as a result will increase the net revenue. The combined company (Kraft and Cadbury) is targeting to increase their per share cost in 2011 of approximately $0. 05 and on the basis of cash. These two companies combined can make a lot of revenue. Parliament publication, 2012) Other than that Cadbury has other channels of gaining revenue like gas filling stations, corner shops which are well being forced by Cadbury and on the other hand Kraft has a strong hold on supermarkets and groceries. As they are merged now the overall distribution will be higher for Kraft and Cadbury and their revenue will increase. Both of the companies has opposite markets that they have captured for Cadbury they have a large influence in Asia, Africa, Mexico and Turkey and for Kraft they have more influence in Brazil and China. By combining together they both can capture almost every market around the globe. The total value of the British chocolate confectionery sector amounts to approximately EUR 3. 9 billion. In the UK, the parties’ activities overlap only in the markets of tablets and pralines. Kraft is active in tablets and pralines mainly with its brands Milka, Toblerone and Terry’s chocolate Orange, and Cadbury with its brands Dairy Milk, Roses and Green & Black. (http://ec. europa. eu/competition/mergers/cases/decisions/m5644_20100106_20212_en. pdf page 9 ) (Kraft Foods Official 2011 Report) 1. 4 The risks associated with the choice of acquisition as an approach to this particular ‘partnership’ The first and last risk which is associated with this particular partnership is of keeping their word. The official position of the Fairtrade Foundation is the following: â€Å"The Fairtrade Foundation is very proud of our relationship with Cadbury, and what we have achieved together, including the conversion of Cadbury Dairy Milk to Fairtrade in the UK and Ireland in 2009, now being extended to three other international markets – Canada, Australia and New Zealand. This has had a tremendously positive public response, and is delivering major benefits to cocoa farmers in Ghana, quadrupling the amount they are able to sell on Fairtrade terms in 2010, compared to 2008. The Fairtrade Foundation and Cadbury have a shared vision for the future, and there are contractual commitments in place, which will form part of any intellectual property transfer between Cadbury and Kraft in any takeover. We believe that the progress we have made together in strengthening cocoa farmers to deliver long term sustainability of the cocoa supply chain, along with a fast growing level of consumer demand for Fairtrade products, not just in the UK but globally, present a unique and compelling case for continuing to pursue the Cadbury commitment to their Cocoa Partnership and to Fairtrade, and taking it even further in coming months and years. † Treehugger, 2012) According to the Official Statement, they will perform Fairtrade for both the companies and Kraft confirmed that it would uphold Cadbury’s commitments to Fairtrade which were that: †¢ Dairy Milk will continue to be Fairtrade in the UK and Northern Ireland and in three more markets, Canada, Australia and New Zealand by early 2010; †¢ Green & Black’s (which is owned by Cadbury) will move its entire range to Fairtrade by the end of 2011. (http://www. publications. parliament. uk/pa/cm200910/cmselect/cmbis/234/234. df ) But no one is quiet happy with the outcome of the merger. Because Kraft did not really act upon what they stated to do before the merger, expression of the former first Minister of Scotland Jack McConnell asked Kraft in the Scottish Parliament to Honour the Fairtrade Part of the deal, he said â€Å"There have been concerns expressed for many years that Kraft has never shown any enthusiasm for fair trade and therefore this must be under threat as a result of the takeover. † (Treehugger, 2012). Warren Buffett isn’t too keen now either. Discussing the CEO of Kraft, he said â€Å"She thinks this is a good deal, I think it’s a bad deal. † Mind you, he is probably not worrying about the fairtrade aspect. Cadbury’s 6,000 UK workers are also worried, because it is a hi risk for the workers to now work at Cadbury under the American Management which has already influenced the Cadbury management. 1. 5 Feasible alternative? The most feasible alternative to Kraft for Cadbury was Hershey Chocolates, which is also an American Chocolate brand. In 2009 before the hostile takeover of Cadbury by Kraft, Cadbury talked to Hershey personal to include themselves in the bid so they can recommend Hershey over Kraft to its shareholders and are taken over by Hershey, but unfortunately Hershey did not want to be the part of the bidding war over Cadbury with Kraft because Hershey is its self weighing up. Even for Kraft Hershey was a good alternative over Cadbury because both are American Companies and would understand eachother easily rather than taking over a company is a completely different region, Ferrero maker of Rocher chocolate and Nutella is also a very good alternative for Cadbury but at the time of bid according to Trevor Datson the spokesperson for Cadbury said the company had no comment. No one at Ferrero was immediately available for comment. Involvement of National and corporate cultures Neither is the Nation nor the Corporate section is happy with the merger of the both companies, because for public there is a fear of cutting off more than 6000 jobs is Britian and more than 46,000 globally so people working at Cadbury are really afraid to work at it and other than employees the Corporate personal are also in fear of that the world leading brands like Dairy Milk, Flake and Wipsa are at risk with this merger and the shareholder are also not very happy with the $11. 5 bn deal. Critical Evaluation of both the companies about this Partnership Both of the companies had their own management and their own way of doing business around the world. As Kraft is majorly dairy products maker and is being loved by that around the world. Where as Cadbury is also a very well known name in the chocolate industry, because a lot of people in United Kingdom and at other major parts of the world such as Asia and Africa Cadbury is really loved for chocolate. As through the analysis this is a very hostile takeover i. e. , between Kraft and Cadbury, after taking over Cadbury Kraft accepted some of the points that they will do and keep is at it is and after that takeover they did not manage to fulfill those commitments which lead to misunderstanding between these two companies after their merger. As Kraft agreed that they will stick to Faretrade organization and to keep the same cocoa supplier as Cadbury had before and before the merger Cadbury was to close one of their plants but after merger Kraft did not do so and now they are facing these problems which are not very good in the long run for both of the companies. Involvement Of the Government In this hostile takeover not just the employees and shareholders but also the government, had and also has issues with this mergers. With the merger of Kraft Foods and Cadbury a number of important issues have bin highlighted in the way through which the foreign takeovers of UK companies are conducted.