Philosophy

Pursuit Of Happiness Movie Analysis - 1339 Words

The Pursuit of Happiness The movie Pursuit of happyness was based on a true story of a small family. The father, Chris Gardner eventually become’s a single father of a young son because of the struggle of the economy trying to sell bone density scanners .The movie takes place in San Francisco, California in the 1981. In this movie, it shows strength, survival of the economy, and how if you set your mind to get something you want it can change your life around. Success always starts with what seems like failure. In the begging of the movie Chris feels like he can never do anything right. Linda his wife works in a factory doing double shifts to help keep her small family from becoming poor. While she was doing this Chris was failing†¦show more content†¦While having trouble trying to find money for rent Chris had parking ticket’s that kept piling up to pay. He got arrested from not pay the parking tickets. This is when he had to sell the last thing he had, his car. A week went by and the landlord had finally kicked him out and Chris and his son Christopher had to move to a motel. Chris and his son spent days walking around the city and taking the bus trying to sell their bone density scanners. Not only was Chris struggling to pay bills because of the scanners would not sell he had homeless men trying to steal them.He had chanced people up and down roads to save something that was his last hope. When they got back to the motel later that night with their stuff had been out of the room and they had changed the locks on the door. Later that day he found out that the IRS had taken all of his money to pay for the bill he owed and that they had no way to pay for a room anywhere. Chris took both of them to spend night’s on a bus, subway, bathroom, and even a church until he found somewhere for them to stay. They finally found a homeless shelter that would take both of them. They spent the rest of the time at the shelter until something amazing had happened. Chris had an lot going on but he never managed to let his son down. He to only had to struggle to pay rent, sell his bone density scanners, but he also had a son to look out for and to protect. He always made sure everything he did was for his son and evenShow MoreRelatedPursuit Of Happiness Movie Analysis1570 Words   |  7 PagesI thought that the film The Pursuit of Happyness, was a very well put together film that had a great story line to it. This film has a way of inspiring people, and shows that anything is possible if you put in the work to accomplish it. The way Chris Garner pushed through every obstacle, and never quit pursuing his dream of being a great father for his son. Garner should be that model citizen of what every person in the world should want to become. He is a hardworking man that did whatever was necessaryRead MoreThe Pursuit of Happiness Essay584 Words   |  3 PagesFor our Economics subject, we watched The Pursuit of Hap pyness, a movie based on Chris Gardner, a salesman who was not making that much money and eventually experiences homelessness with his five-year old son. He faces problems when his wife is unwilling to accept his goal to become a stockbroker and leaves him. However, he perseveres even under all this stress. Chris Gardner excels at his stockbroker internship in Dean-Witter, earning the attention and respect from his superiors. However, hisRead MoreVisual Rhetorical Analysis: Into the Wild Essay1043 Words   |  5 PagesName: Lu Seng Chuin ENGL250 FD Visual Rhetorical Analysis: Into The Wild (Rough Draft) The movie â€Å"Into The Wild† is a true story depicts the desperation of a young Emory graduate, Christopher Johnson McCandless, to flee from the invisible binding of societal pressure and family problems; and worked his way through the unusual journey to Alaskan. The story began with his college graduation and inner frustration to his broken family, then proceeds through a series of events full withRead More Rhetorical Analysis of The Shawshank Redemption Essay798 Words   |  4 PagesRhetorical Analysis of The Shawshank Redemption The Shawshank Redemption is an inspiring story about Andy Dufreine and his efforts to maintain hope in horrible situations. The directors used many effective methods that displayed signs of hope in such a horrible place. Andy maintained hope by distracting his mind and always staying occupied. Andy was also inspired to survive by helping others find hope in life. The creators of this movie used several effective, and often subtleRead MoreScarface Analysis Essay1065 Words   |  5 PagesScarface Analysis Essay The gangster movie genre is one of the most popular among the modern movies and some of the best film directors have produced some very excellent gangster movies. For my first film analysis, I decided to analyze my favorite gangster movie of all time. The movie that I analyzed is called â€Å"Scarface† and is directed by Brian De Palma. It was released in 1983 and is still a super hit movie today. Let me go through a short summary of the movie. The movie is focusedRead MoreThe Pursuit Of Happiness1320 Words   |  6 PagesZakaria El Amrani El Idrissi THE PURSUIT OF HAPPINESS The German philosopher Arthur Schopenhauer thinks that real happiness does not exist. In his view, the best a person can achieve is to reduce misery. Through his book The wisdom of life, he explains that for true happiness we need the complete absence of all pain and the complete satisfaction of all desires. For Schopenhauer, a bearable life consists of having very low expectations. Following this logic, to live a less miserable lifeRead MoreManipulated Free Will Essay1372 Words   |  6 Pagesmuch more that goes into civilization. Although every civilization has rules,standards, and laws they also give people a choice. In the American constitution, it states†certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.† This may seem like a simple or meaningless satinets to some. But for me it means everything. It describes how as human beings, we have the right to choose. That one ability to pursue the thing or things make them happ y is just as importantRead MoreHappiness : What Is It? Essay1709 Words   |  7 PagesHappiness: The Analysis of How to Achieve It What is the key to happiness? What is that one recipe or formula that creates it? Everyone has their own interpretation of what it might be. Whether it is spending time with their family or taking the dog for a walk, it is specific to each person. Happiness is easier to find than it is made out to be. The key to being happy is simplicity; adding materialism and technology is the downfall to the delighted. Materialistic items like the newest Michael KorsRead MoreThe Films I Know Where I m Going2027 Words   |  9 Pagesthe 1950s and those produced following the turn of the 21st century. This change can be thematic or evident from the nature of production, which is important in describing the degree of variance between the old and the new. This is the case of the analysis of the films I Know Where I’m Going (1945) and Separate Lie (2005), which are British films set more than 50 years apart. Both of these films belong in the romance genre and are likely to possess both similarities and differences in their depictionRead MoreRhetorical Analysis Of The Great Gatsby 1508 Words   |  7 PagesRhetorical Analysis for the movie The Great Gatsby In the film of The Great Gatsby, based on the novel, Director, Baz Luhrmann shares the elaborate tale of the infamous Jay Gatsby. Taking place in the era of the 1920’s, also known as the roaring twenties, Luhrmann is able to bring the film to life by constructing breathtaking scenery creating a glamorous environment full of ecstasy in order to make the modern day audience get a feel for what life in that time period would have been like today. Though

International Logistics Industry Free Essays

In a global economy, the movement of goods and materials is very crucial for the success of a company. More often, the materials are process in another place that is it is needed that these materials be ship. When one wants to be known globally, it will market its products around the world, thus the right timing of shipment is necessary for profit. We will write a custom essay sample on International Logistics Industry or any similar topic only for you Order Now Logistics is a business that started in 1950. Logistics industry takes care of supplying different materials and shipping out products. . It is the science of process and incorporates all industry sectors.   Logistics can be defined as having the right quantity at the right time for the right price. It is the science of process and incorporates all industry sectors. The goal of logistic work is to manage the fruition of project life cycles, supply chains and resultant efficiencies (.Wikipedia). Creating a balance between financial, environmental and societal growth is a difficult task but is very critical if one company would like to make sure that they are to stay for a long time in the market.   Competition becomes beneficial for one company when because without it there will be no need for innovations and changes in the industry. Consumers have a choice thus companies are always evolving to make their products and company more appealing. In the logistics industry, these consumers are companies of other industry that is aiming for a global market. In any given industry, there are some industry norms that set how a company in a specific industry sets their capital structure (Brackers, 2004). This is also synonymous to the level of business risk to be undertaken that would be acceptable in the industry. These industry norms should serve as guides for the companies included in the industry and not to be followed blindly as there are always exceptions in any rules. The stability of the alliance between the two companies must be ensured because it would play a key role in determining the flow of development of the products being developed. It must be ensured that the manpower working from both companies are both have the proper knowledge needed for the development of the product, who are willing to give their best effort to make sure that deadlines are met. There should also be consistency in the manpower handling the project because the next person place could not know all the information like the former. The key to a successful partnership is inter-dependency. Business done through the aid of an internet is called electronic commerce. This kind of business has boomed in the 21st century with the massive availability of personal computers and laptops. Everything happens in the internet, anything that one could think of. There is internet shopping, online education and internet banking and so many more (Yingli, Lalwani and Aryee, 2005). Now even logistics services have their own website for easy verification of would be customers. Every company has their own strategy but the burden lies in properly executing this strategies. Chapman (2004) has concluded that almost ninety percent of companies fail in properly executing their strategies. Studies show that when CEO’s who have failed have been interviewed said that the thing that led them to downfall was the bad execution of strategies that they have formulated. Only fourteen percent of those included in Times 1000 companies have commented that they are implementing good strategies. One strategy that successful logistics companies are using now is Rate Explorer.   Rate explorer is a system us to prepare customer quotations. Rate explorer has a total of thirty-five contracts inbound and outbound operations within the region of the United States of America.   One company that relies on them is Mallory Alexander. This company has been voted as one of the 2006 Top 100 3PL ((Third Party Logistics company). This award is a big boost on their image because this award is based o the opinions of major shippers in the industry. This award was given by Inbound Logistics magazine (http://www.pr.com/press-release/17317). Anyone entering a business would want it to last as long as it could be but if one would not be open to modernization they would not be able to carry on. An innovation does not mean that the past would be completely forgotten. In business, creativity and patience is needed to sustain it and make sure that one would stay for a long time. Logistics industry knows how powerful technological developments are. Some companies within this industry are also looking at the avenue of electronic commerce to help them in gaining a greater profit and more customers. New corporate strategies and processes are required to cope up with this change. Managing business risk is important, new avenues should prove to be effective for the logistic company and not a liability. Business risk refers to the inherent risk in the firm before debt is introduced to the picture. Business risk is caused by such factors as inflation, interest rates, economic periods, fixed versus variable costs, volatility of input costs, ability to change prices, and sensitivity of sales to economic factors. High levels of Business risk determine the degree of the volatile of sales and the changes in EBIT as dictated by the change in sales. The degree of business risk a company or industry takes is directly proportional to the volatility of the EBIT that they could get (Brackers, 2004). Success is nothing if you can not measure it. A company lay down factors or guidelines for their services and manpower in order for them to gauge if they met their goals or if there is a problem within and how to address it. There are factors that need to be considered when one company tries to check if its service and manpower are able to meet the goals and objective set.   Implementation and evaluation would play a crucial part in determining the outcome of the logistics industries venture in e-commerce. Reference Logistics. (n.d.). Wikipedia. Retrieved November 05, 2006, from Answers.com Web site:   http://www.answers.com/topic/logistics-2 Brackers, Kevin. (2004 November 17). Chapter 13: Capital Restructure. Pittsburg State University. Retrieved November 04, 2006 fromhttps://www.pittstate.edu/biology/prospective-students.html   Chapman, Alan. (2004). Strategy Implementation and Realization. Farsight Leadership Ltd. Businessball.com. Retrieved November 04, 2006 from http://www.businessballs.com/businessstrategyimplementation.htm Mallory Alexander press release. 08 Sept 2006. Retrieved November 04, 2006 from http://www.pr.com/press-release/17317 De Busscher, Lucien. 2002. Opportunities and Challenges for Logistics Service Providers in Europe. PWC Consulting. PricewaterhouseCoopers. Retrieved November 04, 2006 from http://www.eyefortransport.com/ResArticles/logistics_eng.pdf Vate, John Vande and Amy Ward. The Ins and Outs of Outsourcing.   Executive masters International Logistics. Retrieved November 04, 2006 from http://www.emil.gatech.edu/news-events/article.php?aid=177 Yingli Wang, Chandra Lalwani and   Gilbert Aryee. E-business Enabled Customised Logistics Sustainability. 2005 IEEE International Conference on Service Operations and Logistics, and Informatics. August 10-12, 2005, Beijing, China. Retrieved November 04, 2006 from http://www.ssglobal.org/2005/ProgramAbstract.pdf How to cite International Logistics Industry, Essay examples

Sustainable Environmental Marketingthe Management Analysis of Tassal

Question: Discuss about the Sustainable Environmental Marketing of Tassal. Answer: Introduction and Importance of the Company: Tassal is the largest salmon producing public limited company of Australia. It started its operations as a private limited company in the island continent in the year 1986. The company started on a small note and slowly grew to one of the largest company that employs a large number of people in the nation (https://www.tassal.com.au). It changed its private status just fourteen years back in the year 2003 and instead of making loss gained much more success than ever. Headquartered in Hobart it has a large number of regional offices and administrative offices in and around the state of Tasmania. The company also owns two major retail stores in the country, which is used, for selling its wide range of products. As mentioned earlier Tassal is the largest Salmon producing organization of Australia. It offers a large variety of salmon products to the people ranging from cooked salmon, steamed salmon as well as a fried version. The mentioned company has fixed its area of operation in the ba se country as well as the Asia Pacific Zone. The company has a broad importance given the number of employees who work in it. Being the leading producer of salmon in the country and having an annual turnover of $272 million, it contributes a large chunk to the economic condition of Australia. Management of the Company: The concerned company has Mr. Allan McCALLUM as its Chairman who has joined the company with a vast experience of managing different other companies in the past with good reputation. Followed by him is Mr. Trevor Gerber who is the independent Non-Executive director of the organization. Apart from being an independent director of the organisation, he is also in charge of a number of other companies of the country (Maduenyi et al. 2015 p.9). The stakeholders of the organization has also brought on board Mr. Chris Leon and Mr. Michael Carroll who are assigned the same role of independent Non Executive Directors of the company. Mr. Mark Ryan who possesses a vast experience of finance is assigned as the CEO. While Raelene Murphy is the person who looks after the auditing part of the fishing organization. Therefore a brief idea about the top management of the company can be gained through this study. Organizational Structure of the Company: Every large organisation follows a business structure to effectively manage its daily activities and attain profits in business. Tassal has achieved success by following the matrix structure of business that involves the segmentation of different activities in a company to different persons. The roles of each individual is clearly defined and maintained in a systematic way so that all the works are done following a chain process (Maduenyi and Khurana, 2013. p.10). The information is distributed among different levels so that there is no disruption in work due to lack of data. The mentioned company has mixed both the functional as well as the divisional structure to gain profit. International Business Environment on Australian Context: The seafood industry especially the salmon industry has seen a great leap in numbers since the last decade. According to American news channel BLOOMBERG, the consumption of fish like salmon has increased by a whopping 800% from the last year itself and the numbers are increasing day by day. Statistics shows that salmon consumption has outpaced the meat industry by a large margin and the sole reason behind it is the health concerns of the people (Brooks, 2013. p.1). The large fishing companies have already started investing large sums of money to capture the market and it is believed that in a short span of time the fish market will expand globally. Large MNCs involved in the following sector are involved in acquiring smaller entities. Recently Nutreco NV, the salmon producing company based in Netherland was in news after SHV Holdings bought it up in a deal which amounted to $4 billion (Morton and Routledge, 2016. p. 205). The population growth as well as the economical rise of develo ping countries has also led to the expansion of the salmon market. Australia has always been a popular country of salmon production and Tassal along with companies like Huan Aquaculture has led the country to one of the largest salmon producing sates of the globe. The salmon industry of Australia amounts to more than $700 million. Given the rate of increase it is believed that the industry would be soon crossing the billion marks in a few years. The demand for the specific fish has increased in the following years leading to such a rise of the industry. The safety standards followed by the Australian companies dealing in salmon fishing have been the best in the world. The companies have already made a mark in the Asian markets and given its rate of increase it will surely be taking over the whole world by storm (Morton and Routledge, 2016. p. 205). Research and Analysis: PESTEL Analysis: PESTEL Analysis is the determination of the Political, Economical, Social, Technological, Environmental and Legal Aspects of the company. This particular analysis helps to have the required knowledge on the outside factors that have a direct impact on the company. The PESTEL analysis of Tassal has thrown a light on the different operational risks that may hamper the plans of the business (Lussier and Achua, 2015. p.2). Political Aspects- The political factors takes into consideration the political state of the country, the internal and external disturbances that are present in the country and the imposition of different tax and policies of the government on the organization. Australia has an open policy in terms of trade and business, which helps the company to enjoy a hassle free business environment. Economic Aspects- Australia has a good level of economy and it has been developing rapidly in compare to the other developing countries around the world. The Employment rate of the mentioned company is one of the largest in the island state and thus it has seen a constant growth in its operations. The development of other competitors in the same category is also a considerable economic factor. Social Aspect- The social factors generally include the sudden change in population or geographical changes. The absence of problems related to migration has saved the company of such hassles. Technological Factors- As mentioned earlier Tassal is the largest company producing salmon in the region. This is possible only because of the superior quality of technological innovations that the company has incorporated. It uses innovative techniques to catch and breed salmons and then process them. These technologies have been useful to decrease the costs and increase the amount of production. Environmental Aspect- Tassal has taken special care to take care of the environment. The company has taken environmental friendly techniques while fishing and processing of the fish. Using canned fish, ensuring least use of chemicals are some of the best steps taken by the business entity to minimize the risk of environmental degradation. Legal Aspect- The rules and regulations of the Australian government though allow freedom to the companies, also ensures use of any unfair practice. These laws are strictly followed by the company to avoid any complication in the future. Figure 1: PESTEL STRUCTURE SOURCE: (Pascoe et al. 2017 p.464) Planning and Strategy: The mentioned company has set its values and missions in the most realistic way. It has been one of the pioneer industries of Australia and has led the growth of the seafood sector to develop and attain a positive state (Lussier and Achua, 2015. p.2). The Vision of Tassal is to become a technologically advanced salmon producing organization with a competitive edge in the global market. It also aims to attain a long-term achievable goal that will help it to sustain the huge pressure in the market. Last but not the least it has targeted to bring a sense of satisfaction to the customers through the large range of products that it offers by avoiding any damage to the environment. The Mission of the company has been to increase the profits of the company by consulting with all the shareholders and then formulating the exact plans and strategies by applying the right techniques. Sustainability Strategies: The increase in the demand of fish globally has forced the fishing industries to formulate strategies for the sustainable use of fish. The organizations that deal in the particular industry are constantly engaged in creating new ideas to tackle the mad rush for fish as there is a need for proper maintenance or else it would spell danger for the coming generation. Tassal has implemented some value based sustainable practices that is praiseworthy (Teletchea and Fontaine, 2014. p.181). Primarily the organization has invested a large sum of money in technological innovation that has changed the face of salmon farming in Australia. It uses a variety of scientific measures that are safe and dependable than the earlier forms of technologies. Secondly, the company has started to explore opportunities of farming salmon in fresh waters to produce large quantities of the fish and meet the growing demand of the future generation. As mentioned earlier the top brass of the company has also implemented different information technologies to support the growth of salmon farming. Global tracking and keeping a close eye on latest scientific technologies will be an asset for the company in the coming days (Romana- Eguia et al. 2015 p.1). Human Resources Management: The success of a company depends on the efficient management of Human resources. Tassal has achieved success only because it has been able to implement a strategy that has increased the performance level of the individual employees in the organization. The company has formed a common bonding between its employees and it always tries to look beyond the profit outcomes of the company and concentrates mostly on the growth and development of the company. The concerned company hires the most efficient people by means of a number of interviews and Hr rounds. Therefore, this helps the organization to funnel out the best person among the large numbers available (Pascoe et al. 2017 p.464). The HR Department of the company has put in place a system by which employees can feel free to express their desires and lodge complaints in any case. The company performs an annual performance check on the workers and rewards them with incentives for achievements. The awards and incentives acts as a morale booster for the workers to perform more efficiently and help the company to attain success (Llewellyn, 2015. p.541). Leadership: An organization that has an efficient leader is sure to get success in the market. A leader stands above all the others and shows the correct path that leads to glory. Tassal was in a midst of crisis a few years back when it was suffering from loss and was planning to shut its shop, but Mr. Mark Ryan, the chief executive officer of the company had some different plans. The dynamic leadership qualities of Mr. Ryan totally changed the fortune of the company and it slowly turned itself into the largest salmon producing company of Australia. At the begining, he was surprised to see the dislike of the citizens in consuming fish and accepting it as a serious form of food. He decided to start a retail campaign for helping people understand the need for seafood (Jennings et al. 2016 p.29). He was also instrumental to improve the traditionalmarketing of Tassal in fragmented markets and took the help of Nortas group to acquire a substantial part of the fish industry. The decision to change the marketing style was a huge success as investors poured in and the company was listed in the stock exchange of the company (Harvest, 2014. p.2). Control: The company has an effective value chain control process, which has helped it to outclass the others in terms of salmon production. The value chain process has been adapted because of the huge demand of salmon in the market (Romana- Eguia et al. 2015 p.1). Apart from this the organization has also fixed its target on supplying quality fish to the consumers, thus it has set up a quality control team to maintain the quality of the products it delivers. The company delivers its products to the consumers via a proper channel starting from receiving the fish, processing it, packaging it and finally delivering it to its stores for the customers to buy it (Pascoe et al. 2017 p.464). Future Strategies: Commercial fisheries have changed totally in the last decade. Tassal has been the best example in this context as it has changed the way of salmon fishing in Australia. Apart from selling its products in the base country, it has gradually expanded its operations all around Asia. The mentioned company in this report has been slowly evolving itself into a technologically advanced firm on salmon fishing. The top brass of the company has shifted its focus more on environmental factors and has started experimenting with new forms of sustainable strategies to gain success (Lucas et al. 2014 p.71). According to the CEO of the company, it will invest a large portion of its annual turnover on inland fishery and will formulate long-term monitoring and evaluation strategies for future growth. Concentration of the organization on quality control can be termed as another important step towards future success. The organization has committed itself to deliver the best possible salmon in terms of qu ality to the consumers, which will lead to increase in consumer satisfaction (Brooks, 2013. p.1). Recommendations: There are some particular considerations, which should be kept in mind while carrying on fishing activities. Though the company takes adequate measures to prevent any environmental degradation, it still uses some artificial chemicals to increase the production of salmons. It exposes the population to risks consumption of the fish may lead to certain rare diseases (Teletchea and Fontaine, 2014. p.181). The organization must also ensure the implementation of ecological based measures to prevent the large-scale damage to the salmon population. After analyzing the whole report, it can be seen that there is an absence of a proper risk management system. The absence of such a system can be harmful in times of need. Tassal should ensure the creation of marine protected zones that should be barred from any kinds of illegal as well as legal fishing. The company should also follow effective time management to avoid any unnecessary delays in delivery that tends to disrupt the service of the com pany. Conclusions: The report has been successful in analyzing the perfect management system of the mentioned business unit. It can be inferred that Tassal has been an example for the other fishing companies to effectively carry out a sustainable business as well as earn huge success. The HR strategies of the company, the effective management system of the company along with the perfect business structure of the company is surely a positive model which can be followed by other companies. References Net Management Tassal Tasmanian Salmon. Tassal Tasmanian Salmon, (2017), https://www.tassal.com.au Brooks, K., (2013). Ecologically Sustainable Development: engagement, citizenship, or just market edge? Exploring the social dimension. InEngaged Environmental Citizenship. Charles Darwin University Press. p.1 Harvest, M., (2014). Salmon farming industry handbook (2014).Retrieved January 20th. p.2 Jennings, S., Pascoe, S., Hall?Aspland, S., Le Bouhellec, B., Norman?Lopez, A., Sullivan, A. and Pecl, G., (2016). Setting objectives for evaluating management adaptation actions to address climate change impacts in south?eastern Australian fisheries.Fisheries Oceanography,25(S1), pp.29-44. Jones, A.C., Mead, A., Kaiser, M.J., Austen, M.C., Adrian, A.W., Auchterlonie, N.A., Black, K.D., Blow, L.R., Bury, C., Brown, J.H. and Burnell, G.M., (2015). Prioritization of knowledge needs for sustainable aquaculture: a national and global perspective.Fish and Fisheries,16(4), pp.668-683. Llewellyn, L.C., (2015). The Atlantic Salmon Salmo salar in Australia.Australian Zoologist,37(4), pp.541-545. Lucas, D.L., Kincl, L.D., Bovbjerg, V.E. and Lincoln, J.M., (2014). Application of a translational research model to assess the progress of occupational safety research in the international commercial fishing industry.Safety Science,64, pp.71-81. Lussier, R.N. and Achua, C.F., (2015).Leadership: Theory, application, skill development. Nelson Education. p.2 Maduenyi, S., Oke, A.O., Fadeyi, O. and Ajagbe, A.M., (2015). Impact of Organisational Structure on Organisational Performance. p.9 Malindretos, G., Vlachos, I., Manikas, I. and Chatzimanolakis, M., (2016). Future prospects of Sustainable Aquaculture supply chain practices. InSustainable Design and Manufacturing 2016(pp. 487-497). Springer International Publishing. Morton, A. and Routledge, R., (2016). Risk and precaution: Salmon farming.Marine Policy,74, pp.205-212. Nohria, N. and Khurana, R. eds., (2013).Handbook of leadership theory and practice: An HBS centennial colloquium on advancing leadership. Harvard Business Press. p.10 Pascoe, S.D., Plagnyi, .E. and Dichmont, C.M., (2017). Modelling multiple management objectives in fisheries: Australian experiences.ICES Journal of Marine Science,74(2), pp.464-474. Romana-Eguia, M.R.R., Parado-Estepa, F.D., Salayo, N.D., Lebata-Ramos, M. and Hazel, J.,( 2015). Resource enhancement and sustainable proceedings aquaculture practices in Southeast Asia: challenges in responsible production of aquatic species: of the international workshop on resource enhancement and sustainable aquaculture practices in Southeast Asia 2014 (RESA). p.1 Shepherd, C.J., Monroig, O. and Tocher, D.R., (2017). Future availability of raw materials for salmon feeds and supply chain implications: the case of Scottish farmed salmon.Aquaculture,467, pp.49-62. Teletchea, F. and Fontaine, P.,(2014). Levels of domestication in fish: implications for the sustainable future of aquaculture.Fish and fisheries,15(2), pp.181-195.

Mba Syllabus Essay Example

Mba Syllabus Essay Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcomes: * On completion of the syllabi, the student will understand the basic Principles of Management and their application in modern day business at different layers of organization so as to understand how to run an organization smoothly and efficiently. * An in-depth knowledge about working of an organization. * Student will also get sensitized about new and contemporary developments in the field of management. UNIT-I Introduction to Management: Definition, Process, Functions of Management. Evolution of Management thoughts – Contribution of F. W. Taylor, Henry Fayol, Elton Mayo, and Hawthorne studies. Planning: Planning Process, Types of Plans Organizination: Form of Organizination,Line, Lineamp; Staff amp; Functional Authority. Span of Control Business and its features. Type of Business and Forms of Business Organization. UNIT-II Staffing: Recruitment, Selection, Induction, Placement and Training. Power and Authority: Delegation of Authority, Centralization and Decentralization of Authority, Difference between Power and Authority Dynamics of Motivation: Contribution of Maslow and Herzberg to the theory of Motivation. Controlling: Types of control, Process, Requirement for Adequate control, Performance Appraisal :Need, Method of appraisal (Traditional and Modern ) Leadership and its Styles . UNIT-III Informal Groups and their relevance in the present economic scenario Corporate Social Responsibility: Issues and Concerns Relevance of Creativity ,Innovation and Jugad in the new Economic System. Cross Cultural management amp; Enterpenureship. Concept of inclusive Growth. RECOMMENDED TEXT BOOKS 1. Ghuman Karminder and K Aswathappa, Management Concepts, Practice and Cases, Tata McGraw Hill, New Delhi 2. Koontz, ODonnell, Weigh rich: Essentials of Management, Tata Mcgraw Hill , New Delhi. 3. We will write a custom essay sample on Mba Syllabus specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Mba Syllabus specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Mba Syllabus specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Stoner, Freeman, Gilbert Jr. : Management, Pearson education, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT 402: MANAGERIAL ECONOMICS Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcomes: On completion of the syllabus this course on Managerial Economics will provide understanding of: * Fundamental concepts and theories of Economics and their application to the different functional areas of business management and business decision making for the sake of better output orientation and efficiency. * It will provide knowledge about the concepts of elasticity of demand, and economies of scale for business expansion. The knowledge about the demand projection and price behavior will help students to adopt a judicious forward business planning for the sake of stability and growth. Unit-I Traditional and Modern definitions of Managerial Economics based upon the concepts of scarcity and optimization. Application of economic concepts of the concepts of Cost, Opportunity Cost, Incremental Cost, Revenue and Profit. Fundamentals of Demand: Demand Function, Determinants, Law of Demand and its Exceptions, Change in Demand, Kinds of Demand and Network Externalities in Market Demand. Demand Forecasting, Elasticity of Demand, Price Elasticity of Demand, Degrees, Determinants, Measures, Income Elasticity of Demand, and Cross Elasticity of Demand. Consumer Behavior:: Theory of Utility, Concept of Marginal Utility, Law of Diminishing Marginal Utility, Law of Equi-Marginal Utility and Indifference Curve Analysis: Properties, Budget Line, Determination of Consumer Equilibrium, Explanation and Measurement of Price Effect, Income Effect and Substitution Effect. Unit-II Production Analysis: Production Frontier, Short run and Long run Production Function, Iso-quant Curves, Producer Equilibrium, Optimal Combination of Inputs and Economies of Scale. Theory of Cost and Revenue Analysis: Cost and Revenue Concepts: Long Run and Short Run Cost Curves, Traditional and Modern Theory of Cost: Relationship between Total Revenue, Average Revenue and Marginal Revenue. Market Structure: Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly, Firms Goals: profit maximization, sale maximization, business expansion and good will promotion. Unit-III Macro Economics: Concept of National Income, its Methods of Measurement, and Circular Flow of Income.. Classical Theory and Keynesian Theory of Employment: A comparative analysis of Classical and Keynesian Theory of Employment with regard to their Assumptions, Characteristics. Keynesian Tools Consumption, Saving investment and Multiplier. Business Cycles Fiscal and Monetary Policies. Inflation: Concept, Causes and Theories of Inflation. Text Books 1. Ahuja, H. L. Macroeconomics, Theory and Policy, S. Chand amp; Co. , New Delhi. 2 Chopra, P. N. (2010). Managerial Economics, Kalyani Publishers, New Delhi. 3 Dwivedi, D. N. , Managerial Economics, Vikas Publications, New Delhi. Reference Books 1. Peterson and Lewis, Managerial Economic, Prentice Hall of India, New Delhi. 2. Salvatore, Dominick and Ravikesh Srivastava (2009). Managerial Economics: Principles and Worldwide Applications, pp. 1-13, Oxford Univ. Press, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT 403: QUANTITATIVE TECHNIQUES FOR MANAGERS Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 3| 2| 0| Learning Outcomes: On completion of the syllabus, the students will be able to: * Solve various mathematical problems based on Compound interest, depreciation, annuity etc. to be applied in business management. * Understand the concept of probability, permutation and combinations, which will be helpful to him in solving various business related problems. * Learn mathematical and statistical techniques that aid in the understanding of financial decisions involving interest, annuities, investments etc. Unit: I Role of Mathematics and Statistics in Business Decisions: Compound interest, depreciation and annuities, Arithmetic Progression amp; Geometric Progression Matrices and Determinant: Concepts of Matrices, Type, Adjoint and inverse of a Matrix: Concepts of Determinants, Solution of Simultaneous Linear Equations of two and three variables using Matrix inverse Techniques and Cramer’s Rule, Business Applications. Unit: II Knowledge about various statistical techniques like, Measures of Central Tendency: Mean, Median and Mode Measures of Dispersion: Range Quartile Deviation, Mean Deviation, and Standard Deviation and Coefficient of Variance. Skewness amp; Kurtosis: Concept and Measures Correlation Analysis: Rank Method amp; Karl Pearsons Coefficient of Correlation Regression Analysis: Simple, Partial amp; Multiple regression. Fitting of a Regression Line. Unit: III Permutation and Combination Theory of Probability Binomial Distribution, Poisson distribution and Normal distribution. Index Numbers, Time Series Analysis, Decision Tree will enable a students to have a glimpse of various statistical techniques to be used for the purpose of decision making and measurement of various variables. Text Books: 1. Gupta, Statistical Methods, Sultan Chand, New Delhi. 2. Levins amp; Krehbiel, Business Statistics, Pearson Berenson, Prentice Hall, India. 3. Levin amp; Rubin: Statistics for Management, Prentice Hall India, New Delhi. 4. Sancheti amp; Kapoor, Business Mathematics, Sultan Chand, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT 404: ACCOUNTING FOR MANAGERS Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 3| 2| 0| Learning Outcomes: On completion of the syllabus, the student will possess: * Understanding of the basic Principles of Accounting, Accounting Standards, Reading and Analyzing Balance sheets and its application in modern day business * Knowledge of concepts those are helpful in financial decision making etc. * Knowledge about new and contemporary developments in Accounting. * Understanding of the application of accounting fundamentals to business organizations and various managerial processes in an organization. UNIT-I Concept of Book-Keeping and Accounting Fundamentals. GAAP and International Accounting Standards Financial Accounting: Fundamentals concepts and conventions, concept of Double Entry System Journal ` Ledger and Trial Balance Trading amp; Profit Loss Account Balance Sheet UNIT-II Financial Statement Analysis, Ratio analysis Funds Flow Analysis Cash Flow Analysis Management  Accounting. Cost Accounting: Cost Sheet UNIT-III Marginal Costing. Absorption Costing. Break Even Analysis and Margin of  Safety. Standard Cost and standard Costing System. Variance  Analysis with respect to Material Cost and labour cost Human Resource  Accounting. Responsibility Accounting and Responsibility Centers Text Books 1. Hanif and Mukherjee, Modern Accountancy, Tata McGraw Hill, New Delhi. 2. Maheshwari S. N. , Accounting for Management, Vikas Publishing House, New Delhi. 3. Tulsian, Financial Accounting, Tata McGraw Hill, New Delhi. Reference Books:- 1. Horngren, Sundem, Introduction to Management, Prentice Hall India, New Delhi. . Kishor Ravi M, Cost accounting and financial management, Taxman Publishers, New Delhi. 3. Shukla, Grewal and S. C. Gupta, Advanced Accounts, Sultan Chand and Sons, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questi ons. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT 405: ORGANISATIONAL BEHAVIOUR AND DYNAMICS Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcomes: * On completion of the syllabi, the student will understand the basic Principles of Management and their application in modern day business at different layers of organization so as to understand how to run an organization smoothly and efficiently. * An in-depth knowledge about working of an organization. * Student will also get sensitized about new and contemporary developments in the field of management. UNIT I Organizational Behaviour: Concept and Application, Challenges to Organisational Behaviour, Desciplines contributing to Organsational Behaviour. Individual Behaviour Personality, traits Learning and its theories Attitude and attitude formation Perception, Stereotyping, Hallo Effect Motivation: Theories amp; Application UNIT II Group Dynamics: Group Norms; Group Cohesiveness Stress: Types; Sources and Management of stress Leadership: Styles, Models, Theories of Leadership Power and Politics: Definition; Types of Powers; Sources; Characteristics; Effective use of Power Conflict Management: Constructive amp; Destructive conflict, Conflict Process Strategies for encouraging constructive conflict, Strategies for resolving destructive conflict. UNIT III Organisational Dynamics; Organisational design Organisational Effectiveness: Meaning, approaches Organisational Culture: Meaning, significance Organizational Climate: Implications on organizational behavior Organizational Change: Meaning; Causes of change; Resistance of change; Management of change RECOMMENDED TEXT BOOKS 1. Aswathappa K, Organisational Behaviour, Himalaya Publishing House, Mumbai. 2. Luthans Fred, Organisational Behaviour, McGraw Hill Book Co, New Delhi. 3. Robbins P Stephen, Organisational Behaviour, Prentice Hall, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT406: IT IN MANAGEMENT Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 3| 0| 2| Learning Outcomes: This course will provide understanding of: * Applications of Information Technology in an organization and as a tool of managerial decision making. * Contemporary developments in IT field. * Computer fundamentals, introduction to computer network, Ms Office tools like MS Word, MS excel, MS PowerPoint amp; Introduction to Operating System, its types. UNIT-I IT Fundamentals: Software- Types of software, Applications of IT Uses of Internet Search fundamentals, search engines and meta search engines, Search Engine Optimization (SEO) Introduction to Networking, Overview of Network types: LAN, MAN, WAN, Network Topologies Overview of DBMS, RDBMS, Types of Database Structures. Introduction to: SAP, ERP, CRM, EDP, SCM Introduction  to  E-Business: Electronic Commerce Models, Value Chains in Electronic Commerce, E-Commerce in India. UNIT-II Application and Usage of MS-Word: Word Basics, Rand () function Working with fonts, Aligning text, Line spacing, Page Numbering Headers amp; Footers, Headers amp; Footers on even pages amp; odd pages Drop Cap, Page orientation, Page background, Bullets amp; Numbering, Printing Documents Drawing features Mail Merge Tables: Creating table, Adding rows amp; columns, Merging amp; splitting of cells, Using formulas in tables, Converting text to table amp; vice versa UNIT-III Ms-Excel: Excel basics, Worksheet vs. Workbook, Inserting and deleting worksheet, Rename worksheet, Auto fill, Wrap text, Merging Of cells, Using filters Sorting Data,Cell addressing, Using formulas, Paste special, Cell referencing, Working of If function, Printing worksheets, Inserting charts. Ms-PowerPoint: Basics, Different views of slide, apply design templates, Inserting header and footer, slide transition, adding animation, Inserting charts, Action Buttons. Text Book: 1. P. K. Sinha, Computer Fundamentals, BPB, New Delhi. 2. Ron Mansfield, MS-Office, Tech Publication, New Delhi. Reference Books: 1. Nidhi Dhawan, E-Commerce concepts and applications, International Book House Pvt. Ltd. , New Delhi. 2. Forouzan, Computer Networks, Tata McGraw Hill, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT 407: PROFESSIONAL COMMUNICATION FOR BUSINESS MANAGEMENT Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcomes: On completion of the syllabi the student will: * Understand Basic Principles of communication – and its application in modern day business. * Be in position to communicate effectively in English language in written as well as oral form. * Develop Interpersonal and business communication skills to interact effectively in professional and social situations. UNIT I Basic forms of Communication; Grapevine communication ; Barriers to effective communication, Communication process. Cs for effective business communication. Business manners and etiquettes, Telephone Etiquettes, e-mails etiquettes, Effective listening skills. Networks and channels of Communication. UNIT II Written communication skills Good News Letter, Bad News Letter, Persuasive sales letters, Informative Letters, Inter-office memorandums, Paragraph Writing, Developing brochures. Drafting a CV, job application (Cover Letter) Tenses, Subject-Verb Agreement. Vocabulary: Similar sounding words with different meanings, business terminology. Short reports UNIT III Reading Comprehension Extempore speaking, Public Speaking. Group Discussion amp; Interviews. Planning and leading meetings, common obstacles in conducting meeting Negotiations Skills: Stages of negotiation process and negotiation strategies. Mass Media: Press releases and organizing Press conferences and Media interviews. References: 1. Chaturvedi; Mukesh Chaturvedi P. D. Chaturvedi,  (E. 2004) Business Communication: Concepts, Cases and Applications, Pearson, New Delhi. 2. Lesikar R. V. ; Petit J. D. , (January 19, 2010), Lesikars Business Communication, McGraw-Hill/Irwin; 12 edition, New Delhi. 3. Mary Ellen Guffey,  Dana Loewy,(2009), Essentials of Business Communication, Cengage Learning, New Delhi. 4. Sharma R. C amp; Krishna Mohan (2002), Business correspondence and Report Writing, Tata McGraw-Hill Education, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBA 2nd Semester CODES| SUBJECT TITLE| INTERNAL MARKS| EXTERNALMARKS| CREDITUNITS| Lecture| Tutorial| Practical| MBT 421| Business Environment| 40| 60| 4| 4| 0| 0| MBT 422| Financial Management| 40| 60| 4| 3| 2| 0| MBT 423| Marketing Fundamentals| 40| 60| 4| 4| 0| 0| MBT 424| Managing Human Resources| 40| 60| 4| 4| 0| 0| MBT 425| Research Methodology| 40| 60| 4| 4| 0| 0| MBT 426| Production and Operations Management| 40| 60| 4| 4| 0| 0| MBT 427| Corporate Legal Environment| 40| 60| 4| 4| 0| 0| MBP 428| *Comprehensive Viva-Voce| -| 100| 4| | | | MBT421: BUSINESS ENVIRONMENT Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcome: On completion of the syllabi, the students should be in a position to understand: * The Business Environment with special reference to Indian Corporate World. * The influencing factors prevailing in Business Environment – and their effect on modern day business internally and externally. Various techniques to scan the Business Environment. UNIT-I Business Environment – Introduction, different Components and Techniques to scan Business Environment Economic Environment Different Economic Systems and Economic Policies (Industrial, Monetary, and Fiscal and Current Economic Policies) Political Environment Political Institutions i. e. Legislature, Executive and Jud iciary, Changing Role of Government in Business Environment amp; Impact UNIT-II Legal Environment Company regulatory legislations in India: FEMA, Competition Law, EXIM Policies Social Environment- Social Responsibility of Business, Consumer Protection Act 1986, The Environment Protection Act 1986 amp; its Impact UNIT-III Technological Environment Different Types and the Level of Technology, Impact of Technology on Business amp; Problems in Technology Transfer Global Environment Foreign Direct Investment (FDI), WTO- Its Role and Functions MNCs, International Institutions and Trading Blocs TEXT BOOKS 1. Aggarwal Raj amp; Saksena S . Business Environment, Excel Books, New Delhi. 2. Aswathappa, K. (2009). Essential of Business Environment, Himalaya Publishing House, New Delhi, Hyderabad. 3. Cherunilam, F. (2011). Business Environment: Text and Cases, Himalaya Publishing House, Mumbai 4. Mishra and Puri (2008). Indian Economy – Its Development Experience, Himalaya Publishing House, New Delhi, Bangalore. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT422: FINANCIAL MANAGEMENT Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 3| 2| 0| Learning Outcome: On completion of the syllabi the student will be able to: Effectively communicate results from financial analysis to other interested parties with limited backgrounds in finance. * There will be a clear understanding of different areas of Financial Management related to Financial Planning, Organizing and Controlling. * Have understanding important financial concepts and analytical tools used in the financial decision making process in an efficient and informative manner that facilit ates analyzing and interpreting financial research in an intuitive and economically meaningful fashion. Unit I Financial Management: An Overview Financial System: Assets, Markets, Intermediaries and Regulatory Framework Indian Financial System Capital Market and Money Market Concepts in Valuation: Time value of money, Present Values, IRR, Bond returns, Return from Stock Market Investments. Unit – II Working Capital Management, Receivables Management, Inventory Management, and Cash Management. EVA and MVA. Leverage Capital Assets Pricing Theory (CAPM) and Arbitrage Theory. Lease financing Unit – III Capital Structure Theories of Capital Structure Dividend Policy Corporate Restructuring Capital Budgeting Text Books: 1. Chandra, Prasanna â€Å"Financial Management†, Tata McGraw Hill, New Delhi. 2. James C Van Horne-Prentice-Hall,India, New Delhi. . Khan M. Y. amp; Jain P. K -Tata McGraw-Hill, New Delhi. 4. Pandey, I. M. â€Å"Financial Management†, Vikas Publishing House, New Delhi. Reference Books- 1. Kulkarni, P. V. â€Å"Financial Management†, Himalaya Publishing House, Bombay. 2. Maheswari S. N. â€Å"Principles of Financial Management†, Sultan Chand amp; Sons, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be laced at number one. Candidate sha ll be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT423: MARKETING FUNDAMENTALS Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcomes: On completion of the syllabus the student will: * Understand the basic Principles of Marketing and its application in current business scenario. * Become aware of Marketing Management Process, Research tools, Advertising fundamentals, etc. Have overview about new and contemporary developments in Marketing Management. UNIT-I Introduction: Marketing Concepts, Strategic Marketing, Marketing Management Process. Micro and Macro Marketing Environment. Ethics in Marketing Segmentation Targeting and Positioning: bases of market segmentation, target market and effective position the products. Consumer Behavior: demographic, geographic, lifestyle, geo-demographic and socioeconomic factors. Pro duct Life Cycle UNIT-II Marketing Mix: Components of Product and Services Marketing Mix marketing strategy/tactics. Product: Product Type, Product Line, Brand, brand building strategies, Packaging and Labeling. Pricing: objectives, methods, strategies, price bifurcation, and process Distribution channels: channels of distribution, types of Intermediaries Sales Force Management: Sales Planning, Forecasting, Sales Force Management. UNIT-III Promotion Mix: Advertising, Direct Marketing, Personal Selling, Sales Promotion, Integrated Market communications: Sales Promotion activities and methods used for communicating. Customer Relationship Management: * Customer Relationship Management * Viral Marketing * Network Marketing * Social Media Marketing Marketing in India: marketing practices prevalent in Rural and Urban India and positioning/promoting/distributing products. Text Books: 1. Chhabra, T N and Grover S K, Marketing Management, Dhanpat Rai amp; Co. New Delhi. 2. Kotler Philip, Marketing Management, Prentice-Hall, India 3. Ramaswamy, Namakumari, Marketing Management, Macmillan India Reference Books- 1. Keegan, Warren J, Sandra and Duncan, Marketing, Prentice Hall, New Delhi. 2. Kotler Philip and Keller Kevin Marketing Management, Pearson Education, India. 3. Saxena Rajan, Marketing Management, Tata McGraw Hill, New Delhi. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT424: MANAGING HUMAN RESOURCES Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcome: The student will learn about: * Basic principles of Human Resource Management: How an organization acquires, rewards, motivates, uses, and generally manages its people effectively. * Practices and techniques for evaluating performance and performing the wide range of other people related duties of a manager in today’s increasingly complex workplace. Practical situations and problem solving regarding areas of employee counseling, discipline and termination. * The importance of maintaining fair and equitable compensation and benefit programs will be discussed. Unit-I Human Resource Management: Concept, Evolution and Challenges Brief Introduction to Strategic HRM. Personnel Policies. Job Analysis HR planning Recruitment and Selection Placement and Induction. Human resource development Unit-II Training and development Career planning, career development and Succession Planning. Job design amp; Job evaluation. Performance Appraisal Promotion; Transfers; Demotions. Compensation Administration, wages amp; salary administration Managing Employee benefits, Managing work conditions such as health amp; safety, Employee welfare, social security. Unit-III. Managing Employee Grievances: Meaning, Causes, Grievance handling procedure; Discipline (2hrs) Collective Bargaining, Workers Participation, and Employee Empowerment Trade Unions: Objectives, Functions Industrial Relations and Industrial disputes. Job stress, counseling; Quality of work life HRIS, HR Audit; Managing ethical issues in HRM; Implications for HRM amp; HRD; Contemporary issues in HRM; International HR practices; e-HR. TEXT BOOKS: 1. Aswathappa, K. , Human Resource Management, Tata McGraw-Hill, New Delhi. 2. Dessler, G. , Human Resource Management, Prentice-Hall, Delhi. 3. Rao, V. S. P. , Human Resource Management: Text and cases, Excel Books, New Delhi. REFERENCE BOOKS: . 1. Decenzo A Davide amp; Robbins P Stephen, Personnel/Human Resource Management, Prentice-Hall, India 2. Ivancevich M John, Human Resource Management, TMH, Tata McGraw-Hill, New Delhi. 3. Mamoria, C. B. , Personnel Management, Himalaya Publishing House, Mumbai. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT425: RESEARCH METHODOLOGY Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcomes: At the conclusion of the course students should be able to: 1) develop understanding of Statistics as applicable to Business Management and its use and relevance in areas of research (2) Develop the skills to identify the appropriate statistical techniques for the analysis of data (3) Learn how to collect, analyze, present and interpret research data with the help of statistical Software SPSS, SAS OR STATGRAPHICS (4) Use various sampling techniques, research designs, data collectio n procedures, and methods of analyzing data. (5) Interpretation and Decision Making with the help of Statistics. Unit I Introduction to Research: Definition, Objectives, Limitations, and Types. Research Process an overview: Research Designs: Exploratory, Descriptive and Experimental designs: Randomized Block Design, Latin Square Design and Factorial Design, Basic Principles of Research Design. Sampling Design: Sampling design Concepts, types of sampling: Simple Random Sampling, Stratified Sampling, Systematic and Cluster Sampling, Area Sampling, Judgment Sampling, Quota Sampling, Snowball Sampling and their applicability, Criteria of Selecting a Sampling Procedure. Unit II Tools amp; Techniques of Data Collection: Primary amp; Secondary. Classification amp; Tabulation of Data, Graphical Representation of Data. Designing of Questionnaire. Scales of Measurement: Nominal, Ordinal, Interval and Ratio. Types of Scales: Ranking and Rating Scales. Scaling Techniques: Likert, Thurston, Semantic Differential Scaling techniques and Scale Construction Techniques Unit III Hypothesis Testing: Hypothesis Formation, Significance level, One tailed Test and Two tailed test, degree of freedom and Errors in Hypothesis Testing. Parametric Test: t-Test, F-test, Z-test, Chi-Square Test Analysis of Variance: ANOVA – 1 way and ANOVA 2 way. Non-Parametric Tests: Sign Test, Wilcoxon Matched Pairs Test, Wilcoxon- Mann-Whitney Test (U-Test), will help the student to choose most suitable test for analysis. RECOMMENDED TEXT BOOKS 1. Beri, G. C. Business Statistics, Tata McGraw-Hill Publishing Co. Ltd. , New Delhi, 2nd Edition. 2. Donald R. Cooper amp; Pamela S. Schindler, Business Research Methods, Tata McGraw-Hill Publishing Co. Ltd. , New Delhi, 9th Edition. 3. Gupta S. C, (2010) â€Å"Fundamentals of Statistics†, , 6th Ed. HPH, Mumbai. 4. Gupta S. P, (2002) Statistical Methods, Sultan Chand amp; Sons, New Delhi. 5. Sharma, (2005), J. K. Business Statistics, Pearson Education, New Delhi, 3rd Reprint. NOTE FOR THE PAPER SETTER The syllabus has been divided into three units. Paper setter will set 3 questions from each unit and 1 compulsory question spread over the whole syllabus consisting of 5 short answer questions. Compulsory question will be placed at number one. Candidate shall be required to attempt 6 questions in all including compulsory question and selecting not more than 2 questions from each unit. All questions carry equal marks. MBT426: PRODUCTION AND OPERATIONS MANAGEMENT Maximum Marks: 100 External Marks: 60 Internal Marks: 40 Credit Units: 4 L| T| P| 4| 0| 0| Learning Outcome: The students will be able to have: * Knowledge and skills of Operations Management for improving organizational performance under Global environment. * Comprehension of the Manufacturing Resource Planning concept and how to apply Manufacturing Resource Planning techniques and principles. * An understanding of Industrial applications of Operations Management Principles. * Competency in application of various statistical and mathematical techniques in a

The Diurnal Cycle and How it Affects Daily Temperatures

The Diurnal Cycle and How it Affects Daily Temperatures All things in nature have a diurnal or daily pattern simply because they change throughout the course of a day. In meteorology, the term diurnal most often refers to the change of temperature from the daytime high to the nighttime low. Why Highs Dont Happen at High Noon The process of reaching a daily high (or low) temperature is a gradual one. It begins each morning when the Sun rises and its rays extend toward and strike the Earths surface. Solar radiation directly heats the ground, but because of lands high heat capacity (ability to store heat), the ground doesnt immediately warm. Just as a pot of cold water must first warm before coming to a boil, so must the land absorb a certain amount of heat before its temperature rises. As the grounds temperature warms, it heats a shallow layer of air directly above it by conduction. This thin layer of air, in turn, heats the column of cool air above it. Meanwhile, the Sun continues its trek across the sky. At high noon, when it reaches its peak height and is directly overhead, sunlight is at its most concentrated strength. However, because the ground and air must first store heat before radiating it to surrounding areas, maximum air temperature isnt yet reached. It actually lags this period of maximum solar heating by several hours! Only when the amount of incoming solar radiation equals the amount of outgoing radiation does the daily high temperature occur. The time of day this generally happens depends on a number of things (including geographic location and time of year) but is usually between the hours of 3-5 p.m. local time. After noon, the Sun begins its retreat across the sky. From now until sunset, the intensity of incoming solar radiation continually declines. When more heat energy is being lost to space than is incoming at the surface, a minimum temperature is reached. 30 F of (Temperature) Separation On any given day, the temperature swing from low and high temperature is roughly 20 to 30 F. A number of conditions can widen or lessen this range, such as: Day length. The greater (or shorter) the number of daylight hours, the more (or less) time the Earth is subject to heating. Length of daylight hours is determined by geographic location as well as season.Cloudiness. Clouds are good at both absorbing and giving off longwave radiation, and at reflecting shortwave radiation (sunlight). On cloudy days, the ground is shielded from incoming solar radiation because this energy is reflected back out into space. Less incoming heat means less and a decrease in diurnal temperature variation. On cloudy nights, diurnal range is also decreased, but for opposite reasons heat is trapped near the ground, which allows the days temperatures to remain constant rather than to cool.Elevation. Because mountain areas are located farther from the radiating heat source (the sun-heated surface), they are warmed less and also cool more rapidly after sunset than do valleys.Humidity. Water vapor is good at absorbing and giving off longwave radiation (energy tha ts released from the Earth) as well as absorbing in the near-infrared part of solar radiation, which reduces the amount of daytime energy reaching the surface. Because of this, daily highs are typically lower in humid environments than they are in dry environments. This is the primary reason why desert regions experience some of the most extreme day-to-night temperature fluctuations. Wind speed. Winds cause air at different levels of the atmosphere to mix. This mixing lessens the difference in temperature between warmer and cooler air, thus decreasing the diurnal temperature range. How to See the Diurnal Pulse In addition to feeling the diurnal cycle (which is done easily enough by enjoying a day outside), its also possible to visibly detect it. Watch a global infrared satellite loop closely. Do you notice the curtain of dark to light that rhythmically sweeps across the screen? Thats Earths diurnal pulse! Diurnal temperature isnt just essential to understanding how we meet our high and low air temperatures, its essential to the science of winemaking.

Response to classmates Coursework Example | Topics and Well Written Essays - 750 words

Response to classmates - Coursework Example Ensuring employee retention is desirable as it reduces the costs of recruiting, hiring, and training employees (Janovsky, 2009). You, however, did not actually answer the question requiring explaining of the responsibilities of director personnel. I think you meant to say that the director personnel works to minimize turnover costs and ensure hiring of skilled and experienced workers in order to maintain the company’s competitive advantage. I also think that Otto needs to review the current appraisal process, implement a preferred process, and train employees about its use. I do not find any relevance in the first part of the question requiring department directors’ responsibilities. The second part is relevant as it proposes periodic reviews and notifications to employees prior to evaluations. Notifying employees about appraisals enables them to prepare lists of their attributes before the evaluation date (Clarke, 2011). Hiring the right people whose objectives rhyme with those of the organization is one of the best ways of curbing employee turnover (Xiaoyan & Erhua, 2013). I agree with you that other aspects such as proper training, competitive compensation package, and creating a conducive work environment are critical for employee retention. The factors that motivate employees are the primary requirements for encouraging employees to continue serving a company for a long time (Clarke, 2011). You argued that the rate of turnover can be reduced if employees are satisfied with the appraisal form. I think you wanted to emphasize on the both the content of the form and the process of appraisal; however, you concentrated on the process of appraisal that uses electronic form. The content of the appraisal form should cover several attributes to ensure that employees find at least where to fit in. The personnel manager should investigate whether all employees

Smoking among college students Research Paper Example | Topics and Well Written Essays - 2250 words

Smoking among college students - Research Paper Example It is important to know the actual motives behind smoking before taking any kind of preventive action. Most of the people start smoking during their teenage due to peer pressure or need for approval by their friends. Some youngsters also believe that smoking actually helps them keep in shape and have self-control, while others say it makes them look cool. According to the statistical data, the rate of smoking has increased by 30 % during 1993-1997 amongst the college students. Studies show that the measures which can be taken by the colleges authorities in order to reduce the level of smoking amongst the young students. Experts believe that taking preventive measures is better than abrupt prohibition from smoking which can cause the opposite effect on the students. The high rate of smoking among college students can be explained by aggressive advertising and promotional activities aimed to increase the size of the market. The glamorous ads casting handsome and beautiful models, actually tempts the youngsters to smoke. Tobacco industry focuses on sales promotion more than any other industry in the world. Companies spend a huge amount of investment to reach adolescents. Adolescents, of 18-24 years, become the main target market for the tobacco industry. The companies distribute free cigarettes outside the concerts and college clubs in order to attract more and more people towards their brands. The industry has also involved the youngster in the promotional activities. These kinds of aggressive promotion activities have drawn a huge number of younger lots to smoking. Promotional activities in bars and night clubs were started during 1980s. The level of tobacco consumption among students was indistinct, but the some field researches show that nearly every college student was involved in those promotional activities during 1990s. It has been predicted that the college students will become main consumers of tobacco in the next few years. The tobacco companies launch their promotional campaign mostly in the urban localities, trying to trap the young consumers through various advertising medium and techniques. Even the students who don't have enough exposure to the bars and night clubs can be influenced by the heavy advertising by different brands. For instance, Asian American students have become the main target for many promotional campaigns aiming to find new customers. University Health Centers can help to prevent and reduce smoking rate by educating the students about the diseases caused by smoking. Smoking should also be strictly prohibited within the college premises. Psychologists have deduced the various ways to control smoking habits within the younger students by providing different psychological treatments for quitting smoking. They have also worked upon finding the relation between smoking and media exposure of the individuals. Further in their research works psychologists have also tried to analyze the factors which can contribute to motivate or de-motivate individuals from smoking. The previous studies have classified smokers by their age, gender and race and have provided the statistical data accordingly. The main theme of the paper is to examine the relation which exists between smoking and factors such as the peer pressure, stress and depression. METHODOLOGY

Transport Security Administration (TSA) Essay Example | Topics and Well Written Essays - 2500 words

Transport Security Administration (TSA) - Essay Example sm, the defense team could not afford to watch the devastating effects of such criminals taking destructive actions on innocent people and the American economy once again. The 2001 attack executed through hijacked aircrafts by the terrorists left over three thousand people dead, and thousands more with serious injuries, besides the destruction of billions of property in the crime event. The chain of events in the various states targeted such as New York, Pennsylvania and Washington DC, led to rethinking of the federal security. Working closely to the DHS, TSA was formed and has been controlling people’s movement into and out of the United States; more so, it has committed itself in strengthening the transport system and securing commerce activities for American’s safety for the last 13 years, and hopefully into the future (TSA, tsa.gov). Though it’s quite inclined on the aviation security, there has been increasing attention on the highways, subways and other ent ry and exit terminals used in transportation. Thesis: The appropriateness of the security measures and their effectiveness in ensuring security are debatable since the TSA began operation. Though the transportation system attacks and crimes have declined, issues of prejudice with respect to appearance, race, culture and other factors by TSA officers enforcing security at entry and exit points in the United States have been raised. This does not go unnoticed and would affect the United States movement to impact on tourism and its foreign relations. Since 2001, the USA federal government has invested heavily in security measures by the TSA, which has enabled oversight of security through its officers on the ground, their activities and supportive equipment, and the machinery they use. It is worth to appreciate the TSA operations for its adaptation to the rising security threats. While terrorists seek alternative ways to execute their operations, TSA has fastened its measures through deployed

Outline On Galileo Galilei

Outline On Galileo Galilei Thesis statement main argument The astronomer Galileo Galilei contributed to the field of astronomy majorly by observing the sky with a telescope he had built, observations which resulted in his discovery of many astronomical phenomena further proving that the Earth was not the center of the solar system. Statement of purpose (scope of the essay): Following a brief biography of Galileo Galilei, this paper will determine the state of the scientific knowledge prior to Galileos astronomical discoveries, explain what Galileos contribution to astronomy was, and discuss how his findings subsequently changed humanitys conception of the universe. Body Topic sentence of paragraph 1: Besides being known as a very influential astronomer, Galileo Galilei was also known for being an Italian scientist and philosopher. Birth date: February 15, 1564; Place of birth: Pisa, Italy. (Galileo Biography, 2013) Death date: January 8, 1642; Place of death: Arcetri, Italy. When he died, he was blind and very ill, and was under house arrest for heresy. (Galileo Biography, 2013) Galileo first started in a monastery school because he wanted to become a monk, but he eventually left the monastery and attended the University of Pisa to study medicine, like his father wished. However, he never completed his medicine degree and instead found an interest in mathematics and philosophy. (Bellis, 2013; Galileo Galilei, 2013) Galileo taught for three years at the University of Pisa, but transferred to the University of Padua when his three-year contract at Pisa ended. (Bellis, 2013) In 1609, Galileo heard rumours of a spyglass having been created by a Dutch spectacle-maker. Galilei decided to create his own spyglass, later renamed a telescope, and eventually made it more powerful than the Dutch spyglass. One night, he pointed his telescope towards the sky and his astronomical discoveries began then. (Bellis, 2013) Topic sentence of paragraph 2: Prior to Galileos astronomical contribution, the Catholic Church and the Bible were the principal sources of explanation for most of the phenomena that occurred on Earth and in space. In that time period, the geocentric model, suggested by Claudius Ptolemy at the beginning of the 2nd century A.D., argued that the Earth was in the center of the solar system and that the other planets and the Sun revolved around it. This model was widely accepted and encouraged by the Catholic Church. (Mochà ©, 2009; Redd, 2013) However, a more recent model had been brought forward by Nicholaus Copernicus, in 1543. This model was called the heliocentric model and declared that the Earth was not in the center of the solar system, but rather that this place was occupied by the Sun and that all the planets, including the Earth, rotated around the Sun. (Mochà ©, 2009; Redd, 2013) Galileo Galilei supported the Copernican theory (Galileo Biography, 2013), but this theory was considered against the teachings of the Church. As a result, Copernicus writings were banned by the Church. (Machamer, 2009; Mochà ©, 2009) Topic sentence for paragraph 3: Galileo Galilei made more than one contribution to the field of astronomy by observing the sky with his telescope, but his major discoveries were the first moons of Jupiter and the phases of Venus. His two major discoveries provided proof that the heliocentric model, introduced by Copernicus, was truly the one that was representative of the solar system. (Mochà ©, 2009; Weisstein, 2007) The moons of Jupiter (*the names of those moons will be included in the final essay*) that Galileo observed rejected the geocentric models argument against the Copernican theory. This argument stated that if the Sun was the center of the solar system, Earth would lose its moon because it circulated around the Sun; Earth could only keep its moon if it was in the center. However, with the moons of Jupiter (later named the Galilean moons in honour of Galileo) rotating around Jupiter, the scientist community could only face the fact that a planet could keep moons, even though it was not in the center of the solar system. (Mochà ©, 2009; Galileo Biography, 2013) The phases of Venus further encouraged the heliocentric model. The phases of Venus indicated that Venus must circle the Sun for its phases to be visible from Earth, just like the phases of the moon were. In the geocentric model, Venus would show no phases and would always be a crescent shape because the Sun would not be in the center of its orbit. (Mochà ©, 2009; Galileo Biography, 2013) Topic sentence of paragraph 4: Although Galileos observations and discoveries were not first accepted by the religious community, evidence of Galileos findings started to circulate and the Church was eventually forced to admit that Galileo had been right. (Galileo Biography, 2013; Bellis, 2013) Galileo had already published multiple books (*the names and dates will be included in the final essay*) prior to being charged of heresy by the Church and placed under house arrest. (Galileo Biography, 2013; Bellis, 2013) While being under house arrest, Galileo continued to write and publish books (Galileo Biography, 2013; Bellis, 2013), although he was becoming blind from having stared too much at the Sun with his telescope for another of his astronomical discoveries. (Our solar system, 2011) In 1758, the Church was forced to face the truth and lifted the ban on most of the books that supported the Copernican theory and the heliocentric model. In 1835, it abandoned its opposition against this model completely. (Galileo Biography, 2013) In the 20th century, some popes acknowledged the revolutionary work done by Galileo. In 1992, Pope John Paul II publicly apologized and showed regret on how the case of Galileo had been delt with. (Galileo Biography, 2013; Bellis, 2013) Conclusion Restatement of thesis statement: Galileo Galilei significantly contributed to astronomy primarily by observing the sky with a telescope, which resulted in his discovery of many astronomical phenomena proving that the Earth was not the center of the solar system. Summary of main points: Prior to Galileos findings, the Church believed in the geocentric model, introduced by Claudius Ptolemy. However, Galileos discovery of the moons of Jupiter and the phases of Venus instead supported the heliocentric model, suggested by Nicolaus Copernicus. Galileos contribution took a long time to be recognized, but it allowed for a better understanding of the way the solar system functions. Other discoveries based on the astronomers contribution: Galileos use of a telescope to observe the sky also allowed him to observe the Suns dark patches known as sunspots, part of the star cloud of the Milky Way, the rings of Saturn that he identified as ears, and the Moons crater-covered surface. (Mochà ©, 2009) There is also recent evidence that Galileo may have discovered Neptune nearly two centuries before it was official found by satellites and modern telescopes. (Redd, 2013) APA References Bellis, M. (2013). Galileo Galilei. About.com Inventors. Retrieved April 13, 2013, from http://inventors.about.com/od/gstartinventors/a/Galileo_Galilei.htm Famous Astronomers and Astrophysicists (2012). Retrieved April 13, 2013, from http://cnr2.kent.edu/~manley/astronomers.html Galileo Biography. (2013). Biography.com. Retrieved April 13, 2013, from http://www.biography.com/people/galileo-9305220 Galileo Galilei (1564-1642). (2013). BBC History. Retrieved April 13, 2013, from http://www.bbc.co.uk/history/historic_figures/galilei_galileo.shtml Machamer, P. (2009). Galileo Galilei. Stanford Encyclopaedia of Philosophy. Retrieved April 13, 2013, from http://plato.stanford.edu/entries/galileo/ Mochà ©, D. L. (2009). Astronomy: A self-teaching guide (7th edition). [ebrary version]. Retrieved from http://site.ebrary.com/lib/champlaincollege/docDetail.action?docID=10342867 Our solar system: Galileos observations of the Moon, Jupiter, Venus and the Sun. (2011, February 10). Solar System Exploration NASA. Retrieved April 13, 2013, from http://solarsystem.nasa.gov/scitech/display.cfm?ST_ID=2259 Redd, N. T. (2013). Galileo Galilei: Biography, inventions other facts. Space.com. Retrieved April 13, 2013, from http://www.space.com/15589-galileo-galilei.html Weisstein, E. W. (2007). Galileo Galilei (1564-1642). Scienceworld.wolfram.com. Retrieved April 13, 2013, from http://scienceworld.wolfram.com/biography/Galileo.html *** Most of these sources are preliminary sources (i.e.: websites). For the final essay, I will find books or other academic sources to replace them, particularly for Galileos biography.***

Developmental Psychology :: Psychology Psychological Essays

Developmental Psychology There are three main theories of development that I shall discuss in this assignment, 'Cognitive', the main theorist being, 'Piaget', (1896 - 1980), The, 'Psychosocial Theory', 'Erikson', (1902 - 1994), and, The 'Psychosexual', of, 'Freud', (1856 - 1939). Cognitive Psychology draws the comparison between the human mind and a computer, suggesting that we like the computer process the information we acquire from around us and then react accordingly. Hearnshaw, (1987), claims that Cognitive Psychology is both one of the oldest and also one of the newest parts of Psychology, cited in ?T. Malim?, (1994). Information is collected through our senses i.e. vision, touch, smell etc and then processed through our brain. Cognitive Psychologists largely seek explanations of Cognitive development, memory, attention, artificial intelligence, perception and social cognition. The methods used are usually Laboratory experiments under controlled circumstances i.e. memory tests, and, Case studies. Piaget, (J), (1896-1980), carried out case studies on his own children to study the stages of cognitive development. Piaget concluded that the child was an organism which adapts to the environment, he also studied with the opinion that all children went through the same set stages of development and that there were no individual differences. Piagets? Stages of Development: - The Sensorimotor stage, (0-2): - Early in the sensorimotor stage the child is entirely egocentric, everything is an extension to the self, they can?t distinguish themselves from their environment. The child has no concept of past or future all it is aware of is the here and now. The child relies entirely on it?s senses i.e. sight, hearing, touch. It is believed by Cognitive Psychologists that ?.. ?To begin with, a baby will rely on in-built behaviours for sucking, crawling and watching? as cited in Moonie, N, (1995). A child does not understand that an object does not cease to exist when it is out of sight. However, in contradiction, Bower & Wishart, (1972), used infrared cameras to see what the child does when an object disappears. The child is shown a bottle in the light, when the child reaches to grasp the bottle the lights are turned out. Bower & Wishart recorded that the child continued to reach for the bottle for up to 1.5minutes after the lights are turned out. Another point m ade by Piaget is that not only does the child look for an object, which is hidden, but also the child will not look for it even if part of it is showing.

Futures contract

A formal treatment of this issue is provided by Easily, O'Hara, and Carnivals (1998), who allow the participation of informed traders in the option market to be decided endogenously in an equilibrium framework. In their model, informed investors choose to a â€Å"pooling quill? Trade in both the option and the stock market? In barium†? When the leverage implicit in options is large, when the liquidity in the stock market is low, or when the overall fraction of informed traders is high. Our main empirical result directly tests whether the stock and option market are in he pooling equilibrium of Easily, O'Hara, and Carnivals (1998).Using option trades that are initiated by buyers to open new positions, we form put-call ratios to examine the predictability of option trading for future stock price movements. We find predictability that is strong in both magnitude and statistical significance. For our 1990 through 2001 sample period, stocks with positive option signals (I. E. , tho se with lowest quintile put-call ratios) outperform those with negative option signals (I. E. , those with highest quintile put-call ratios) by over 40 basis points per day and 1% per eek on a risk-adjusted basis.When the stock returns are tracked for several weeks, the level of predictability gradually dies out, indicating that the information contained in the option volume eventually gets incorporated into the underlying stock prices. Although our main empirical result clearly documents that there is informed trading in the option market, it does not necessarily imply that there is any market inefficiency, because the option volume used in not our main test? Which is initiated by buyers to open new positions? Is publicly observable. Indeed, information-based models [e. , Glisten and Milord (1985); Easily, O'Hara, and Carnivals (1998)] imply that prices adjust at once to the public information contained in the trading process but may adjust slowly to the private information possess ed by informed traders. As a result, the predictability captured in our main test may well correspond to the process of stock prices gradually adjusting to the private component of information in option trading. Motivated by the differing theoretical predictions about the speed at which prices adjust to public versus private information, we explore the predictability of publicly errors nonpublic observable option volume. For Journal that 25, example, July 2002,the Wholesaler reported theChicagoBoardOptions was â€Å"unusual activity† options shares Whet, pharmaceuticals investigating trading in Madison, which tactical based increase trading volume earlier NJ, giant superintendence's month. Option occurred before release a government bathe study peptic days American Medical Association documented a heightened abreast risk heart cancer, coronary of the who disease, strokes, bloodspots women had benefiting Whitey's hormone-replacement drug years. Preemptor many 872 innovation De limitation Following previous empirical studies in this area [e. . , Easily, O'Hara, and Carnivals (1998); Chain, Chunk, and Font (2002)], we use the Lee and Ready (1991) algorithm to back out buyer-initiated put and call option volume from publicly observable trade and quote records from the Chicago Board Options Exchange (CUBE). We find that the resulting publicly observable option signals are able to predict stock returns for only the next one or two trade days. Moreover, the stock prices subsequently reverse which raises the question of whether the predictability from the public signal is a manifestation of rice pressure rather than informed trading.In a abbreviate analysis which includes both the public and the nonpublic signals, the nonpublic signal has the same pattern of information-based predict? Ability as when it is used alone, but there is no predictability at all from the public signal. This set of findings underscores the important distinction between public and nonpub lic signals and their respective roles in price discovery. Further, the weak predictability exhibited by the public signal suggests that the economic source of our main result is valuable private information in the option volume rather than an inefficiency across the stock and option market.Central to all information-based models is the roles of informed and uninformed traders. In particular, the concentration of informed traders is a key variable in such models with important implications for the innovativeness of trading volume. Using the PIN variable proposed by Easily, Kefir, and O'Hara (1997) and Easily, Heavier, and O'Hara (2002) as a measure of the prevalence of informed traders, we investigate how the predictability from option volume varies across underlying stocks with efferent concentrations of informed traders.We find a higher level of predictability from the option signals of stocks with a higher prevalence of informed traders. 2 Although the theoretical models define i nformed and uninformed trap? Deer strictly in terms of information sets, we can speculate outside of the models about who the informed and uninformed traders might be. Our data set is unique in that in addition to recording whether the initiator of volume is a buyer or a seller opening or closing a position, it also identifies the investor class of the initiator. We find that option signals from investors who trade through full-service brokerage houses discount brokerage houses.Given that the option volume from felicities brokerages includes that from hedge funds, this result is hardly surprising. It is interesting, however, that the option signals from firm proprietary traders contain no information at all about future stock price † Given stocks PIN smaller could driven the that be stocks, result higher artistically by fact there higher from stocks. Show that is notches. Len this signals smaller predictability option PIN result remains size. Intact controlling after particula r, 73 studies n 3 2006 movements.In the framework of the information-based models, this result suggests market primarily for hedging purposes. Finally, a unique feature of the MultiMate stock and option setting is the availability of securities with differing leverage. Black (1975) asserted that leverage is the key variable which determines whether informed investors choose to trade in the option market, and Easily, O'Hara, and Carnivals (1998) demonstrated that under a natural set of assumptions this is indeed the case. Motivated by these considerations, we investigate how the predictability documented n our main test varies across option con? Races with differing degrees of leverage. We find that option signals constructed from deep out-of-the-money (TOM) options, which are highly leveraged contracts, exhibit the greatest level of predictability, whereas the signals from contracts with low leverage provide very little, if any, predictability. 3 The rest of the article is organized as follows. In Section 1, we synthesize the existing theory literature and empirical findings and develop empirical specifications. We detail the data in Section 2, present the results in Section 3, and conclude in Section . 1.Option Volume and Stock Prices 1. 1 Theory The theoretical motivation for our study is provided by the voluminous literature that addresses the issue of how information gets incorporated into asset prices. In this subsection, we review the theoretical literature with a focus on insights that are directly relevant for our empirical study. In particular, we concentrate on the linkage between information genre? Dated by the trading process and the information on the underlying asset value, the role of public versus private information, and the process of price adjustment. 4The issue of how information gets incorporated into asset prices is central to all information-based models. Although specific modeling approaches differ, information gets incorporated into se curity prices as a result of the trading behavior of informed and uninformed traders. In the sequential trade model of Glisten and Milord (1985),

Why They Are Remembered essays

Why They Are Remembered essays The events of September 11th, 2001 shook the United States, as well as the rest of the world. Everyone will always remember where he or she was or what he or she was doing when they heard the news of the attacks. However, for the generations to come, they must turn to our accounts and recordings of the events to realize, as well as analyze, what happened. September 11th will go down in history as our countries darkest hour. It is necessary that these events are historicized, so that man may always learn from his mistakes, and be able to see, first hand, the devastation he is capable of. Being made a part of history is a complicated matter. Not everything about being historicized is good. There are some downsides to it. How the event is remembered in history is certainly capable of becoming a downside. Who is recording history? Is it recorded in an accurate and unbiased fashion? The real question is who decides what is accurate and unbiased. For the most part, September 11th will be documented and remembered, throughout the world, as a horrific act of terrorism in which thousands upon thousands of people lost their lives. In some places in the world, people will not agree with the previous view of the attacks, and may in fact, feel quiet the contrary. Some people are glad this happened to the United States. Some are overjoyed at the thought that America was knocked off its high horse. Now, herein lies the danger of being historicized. You do not want an event to be recorded in history in a way that instigates hate and vengeance in the future, after those responsible have been held accountable. Many Americans have compared the terrorist attacks on the World Trade Center and Pentagon to the bombing of Pearl Harbor, some sixty years ago. I can imagine how it must be for those of us who experienced and witnessed the attacks on Pearl Harbor first hand, and then seeing the events of S...