The supply and demand behind United States Oil prices Research Paper

The supply and demand behind United States Oil prices - Research Paper Example Production: The Organization of Petroleum Exporting Countries (OPEC) syndicate accounts for 40 percent of the entire production of oil at the global level. The export of oil by the OECD countries represents approximately 60 percent of the total amount of oil traded in the international markets. The size of supply of crude oil by the OPEC countries is considerably large. This makes its activities and statements influence the oil prices prevailing in the world. Deliberate reduction in production by the OPEC countries leads to fall in prices of oil internationally.   Supply: 60 percent of the world’s oil supply comes from the non-OPEC countries. Although the group of non- OPEC countries is greater in size than the OPEC group, they are the price takers in the international market. This is because they do not enjoy any spare capacity. This implies that these suppliers merely act according to the market prices rather than making attempts to manipulating them. That is, they respond to market prices rather than attempting to manipulate them. The non OPEC countries produce nearly at the full capacity and lapse in production leads to rise in total oil supply. It gives the OPEC the facility to further maneuver world supplies.    Global oil inventories: Inventories of oil maintained globally balance the demand and supply of oil in the world. In case of greater production of oil than the level of demand, excess supplies are stored as inventories. Again these inventories can be used in a reverse situation. When consumption becomes greater than demand, inventories are utilized to meet this incremental demand. The relationship existing between the oil prices and inventories of oil allows the market to correct the effect of any disruptive activity. If the inventory is building up, it implies that there is excess supply. In this situation, oil prices drop ultimately leading to a fall in production. Thus it brings a balance between demand and supply. On the contrary, i f the level of inventory is negative, there is a shortage of supply compared to the demand level. The oil prices would rise and production of oil would also increase.   Financial markets: Trading in oil does not only involve the physical market. Oil brokers also make trade contracts that relate to future dealings in oil. Future delivery of oil is termed as â€Å"futures†. There are customers, such as airlines, that purchase futures in order to hedge against the possibility of oil price rise in future. This might bring unfavorable effects on the ability of the company to operate efficiently and profitably. Often oil producers make future contracts so that it might deliberately lock the price for a particular time period.   Demand: The Organization of Economic Cooperation and Development (OECD) mostly consist of the United States and the greater part of Europe and some other advanced countries. This organization takes the responsibility of the world’s 53 percent of t he total oil demand (Fessler, 2011). The member nations consume oil in much higher quantity than the non-OECD countries. However, they exhibit a lesser rate of growth. The demand from the OECD countries has gone down while that by the non OECD countries has gone up in the period of 10 years between 2000 and 2010 (Fessler, 2011).    Non-OECD demand: China, Saudi Arabia and India together had the

Economics of FOREX. See question below Essay Example | Topics and Well Written Essays - 1500 words

Economics of FOREX. See question below - Essay Example It is the European Parliament that is expected to react on certain economic events that arises over time despite the fact that they do not have the authority to implement policies to counter act the effects. Also, the authorities empowered to act on the ECB for monetary policy and the European Commission for the fiscal policy does not have the right to implement some needed policy to make the overall economy better.3 It means that power and responsibility over the economic activities does not come from a political process. The European policy makers who are eager to come up with solutions to economic shocks do not have the power to react and those who have the authority to do so do not have a democratic right to intervene in any economic situation. Each member of the Eurozone has a mutual assurance regarding the stability of the currency. The purpose of having a ‘single currency’ is to enhance a free trade between the members of the Eurozone by promoting the coordination of credit and exchange rate policies.4 In the case of Eurozone, only the European System of Central Banks (ESCB) has the sole authority to create and implement a monetary policy for all the members of Eurozone.5 ESCB is composed of the European Central Bank (ECB), and the Eurozone Central Banks that operates in Euro countries. Since a single currency imposed on the Eurozone countries, they can use only one monetary policy for all. Hence, only one interest rate among all Eurozone countries is allowed. In case of an economic problem, the national government is therefore deprived of using the monetary policy (monetarism) to solve any economic issues. This leaves them the option to control over the fiscal policy instead. Aside from the political issue attached with having a single currency, this strategy can be beneficial for the participating countries in terms of inter-trading opportunities, currency stability and having a transparency in the costs of goods and

Neuropsychology: Overview, Applications and Analysis

Neuropsychology: Overview, Applications and Analysis Neuropsychology, the Newest Tool in Psychology Neuropsychology Andrew Davis Table of Contents (Jump to) 1) An Introduction 2) Neuropsychology as a new field 2.1) Key terms in Neuropsychology Clinical Neuropsychology Experimental Neuropsychology Cognitive Neuropsychology 2.2) the role that Neuropsychology plays 3) The history of Neuropsychology 4) The difference between fields related to Neuropsychology 5) Neuropsychology in South Africa 6) Relevance of Neuropsychology for Counsellors 7) Conclusion The author’s brain, and his thought processes Reference List 1) An Introduction Humans resist change. Humans resist the new. It is with the above mantra in mind, this text will explore Neuropsychology. Neuropsychology is one of the newest disciplines inside psychology, and therefore subject to wariness if not revulsion by those involved in psychology, due almost solely on its newness. Registered Counsellors in South Africa face an interesting dilemma – in an effort to be as effective as possible Neuropsychology must be utilized, however, its newness creates a problem. Re-educating counsellors costs time and money in a nation that cannot afford it, but not doing so leads to an almost unethical practice of wilfully excluding the usage of a tool that aids in one’s work. It is with this in mind that this text aims to provide an exploration of Neuropsychology in the following categories; Neuropsychology as a new field, important terminology in this field, the role that it plays, the history of Neuropsychology in short, differentiation of Neuropsychology and related disciplines, and finally an exploration of Neuropsychology within South Africa and its relevance to Registered Counsellors. A representation of the author’s brain and mental processes will also be included. 2) Neuropsychology as a new field Neuropsychology is a new field –even when compared to Psychology itself, a science that has only formally existed for little compared to other medical sciences- and so is associated with much confusion. An excellent and concise definition is that Neuropsychology is, â€Å"the scientific investigation of cognition, that is, of all mental abilities: perception, attention, learning, memory, processing of spoken and written language, thinking, reasoning and belief formation† (Coltheart, 2002:139). There are several terms in Neuropsychology that must be known. 2.1) Key terms in Neuropsychology As with most fields of science, there are numerous technical concepts and terms. The following terms are important if one wishes to become familiar at Neuropsychology, but pale in comparison to the more technical terms that a Neuropsychologists Clinical Neuropsychology Clinical Neuropsychology, â€Å"[I]s a specialty in professional psychology that applies principles of assessment and intervention based upon the scientific study of human behaviour [sic] as it relates to normal and abnormal functioning of the central nervous system† (American Psychological Association, 2010). Clinical Neuropsychologists are pre-occupied with normality and abnormity of the brain and spine with regards to psychological (mental) functioning, and how to correct the abnormal. This is the branch of Neuropsychology most involved in psychological illness and damage. Experimental Neuropsychology Experimental Neuropsychology is occupied with the researching of cognition and behaviour (All Psychology Careers, n.d.). As with all science, Experimental Neuropsychology provides the research, studies, and empirical observations that validate the theory throughout psychology as a whole. Experimental Neuropsychology is therefore of paramount importance in Neuropsychology, as it provides the basis for theories. Cognitive Neuropsychology Cognitive Neuropsychology is focused on hew the specifics of the brains form and functions translates into mental (psychological) processes. 2.2) the role that Neuropsychology plays 3) The history of Neuropsychology Although the relation between the mind and a ‘thinking-organ’ (once thought of the heart, but many times as the brain) and behaviour, cognition, and emotion have been known and explored for millennia, from philosophers, holy men, and apothecaries, to physicians and healers (Stanley, 2000) it is only since the middle of the nineteenth-century that Neuropsychology has been scientifically defined (Hallett, n.d.). The now famous Broca, Wernicke, and Dax were the first to observe an empirical link between damage to specific areas of the brain and the disruption of speech (as well as comprehension of speech (Hallett, n.d.,; Banich Compton, 2011). Once empirical science was first used it has become both the de jure and the de facto means in which theory and practice regarding Neuropsychology have been linked. No longer did theory disregard observation. Due to the limitation of equipment, there was little progress in Neuropsychology until the development of brain-imaging technology, as only autopsies could conclusively be used to observe most types of brain damage. This technological disadvantage acted in conjunction with the rise of the behavioural perspective of Psychology to place Neuropsychology out of favour (Coltheart,2008) . Once magnetic resonance imaging (MRI) was invented – followed quickly by functional magnetic resonance imaging (fMRI)- was developed, the cognitive sciences advanced again, thus allowing the activity of the brain to be viewed while the observed was conscious and thinking, or moving. This allowed real-time comparison between the brain, thoughts and actions (All Psychology Careers, n.d. 2) 4) The difference between fields related to Neuropsychology There is a large amount of overlap with Neuropsychology and the medical (more physically minded) cognitive sciences. These differences must be known so as to avoid confusion. Cognitive Neuroscience, is different from Neuropsychology in that although the two disciples are involved in brain-damage and the information related to it, Cognitive Neuroscience focuses on the underlying neural mechanism that lies below cognition (Daniel, 2000) Cognitive Science, is different from Neuropsychology 5) Neuropsychology in South Africa South Africa has an independent institution regarding Neuropsychology, the South African Clinical Neuropsychological Association (SACNA) which aims to, â€Å"promote and stimulate interest in the field of neuropsychology, while maintaining standards in neuropsychological practice. This is achieved by ensuring that its full members have demonstrated knowledge and competence in the field, by way of examination and peer review† (SACNA, n.d.). The organization’s website provides links for psychologists to become part of the organization and all the benefits that it entails, as well as provide educational workshops (SACNA, n.d.). The website also provides a means to â€Å"find† a Neuropsychologist (SACNA, n.d.). South Africa’s status as a developing nation translates into a lack of funding for social services, as well as a lack of disposable income to pay for services. Therefore, the number of specialists such as Neuropsychologists is low, but the number of Registered Counsellors is higher, but still low compared to the ideal – an ideal where there was never a lack of mental health experts for those in need. 6) Relevance of Neuropsychology for Counsellors In the South African context, registered counsellors act within the role of gatekeepers to psychological support. In short, if a counsellor cannot support a client due to the client presenting issues and problems outside of the limited remit of counselling, the counsellor will then decide who to refer their clients to so that experts in specific psychological fields. Therefore, it is of paramount importance that counsellors be educated with enough of these more specialist fields so that a full decision on referral is made with the fullest amount of knowledge to back it. As counsellors act as ‘gatekeepers’, specialists are kept protected from overwork. This is due to the fact that a lower bar of entry (not necessarily a negative thing) for counsellors translates to there being a larger number than more specialist psychological health professionals – who are fewer in number, and able to treat few people. 7) In conclusion Neuropsychology is an interesting and powerful new part that resides in Psychology as a whole, but is related to Cognitive Neuroscience, Cognitive Science in a way that bridges the physical and the mental. It is the bridge that connects two, once separate, worlds. Neuropsychology is not only the domain of expert specialists, but should also count all mental health professionals as part of it. Due to the relatively tiny amount of Neuropsychological specialists registered counsellors must act as gatekeepers – referring those who require Neuropsychological aid to Neuropsychologists, and referring or keeping those who require different help. The author’s brain, and his thought processes Reference List All Psychology Careers. (n.d. 1). What is Experimental Neuropsychology?. Retrieved 6 April, 2015 from http://www.allpsychologycareers.com/topics/experimental-neuropsychology.html All Psychology Careers. (n.d. 2). Cognitive Neuropsychology. Retrieved 6 April, 2015 from http://www.allpsychologycareers.com/topics/cognitive-neuropsychology.html American Psychological Association. (2010). Clinical Neuropsychology. Retrieved 6 April, 2015 from http://www.apa.org/ed/graduate/specialize/neuro.aspx Banich, M.T., Compton, R.J. (2011). Cognitive Neuroscience: International edition (Third ed.).Wadsworth: Cengage Learning. Coltheart, M. (2002). Cognitive neuropsychology. In Wixted, J. (Ed.) Stevens Handbook of Experimental Psychology, Third Edition Volume 4: Methodology. John Wiley Sons, pp 139-174. Coltheart, M. (2008). Cognitive neuropsychology. Retrieved 6 April, 2015 from http://www.scholarpedia.org/article/Cognitive_neuropsychology Daniel, L.S. (2000). Understanding Implicit memory: A cognitive neuroscience approach. In Gazzaniga, M.S. Cognitive Neuroscience: A Reader. Wiley Hallett, S. (n.d.). Neuropsychology. Retrieved 6 April, 2015 from http://www.rcpsych.ac.uk/pdf/semBasNeuro_chapter5.pdf SACNA. ( n.d.). South African Clinical Neuropsychological Association. Retrieved 5 April, 2015 from http://www.sacna.co.za/ Stanley, F. (2000). Minds behind the Brain: A history of the pioneers and their discoveries. London: Oxford University Press.

Sexual Harassment in the Workplace :: Workplace Harassment Essays

Sexual harassment in the work place is one of the most troubling matters for an employer. If it is left unattended, claims of sexual harassment could place the business at serious risk for costly financial damages and ruined reputations. Employers must open their eyes to the possibility that sexual harassment could happen in their work place and must take all possible steps to prevent its occurrence. In legal terms, sexual harassment is any unwelcome sexual advance or conduct on the job that creates an intimidating, hostile or offensive working environment. Sexual harassment is any offensive conduct related to an employee's gender that a reasonable woman or man should not have to endure. Sexual harassment covers a wide range of conduct that is all illegal. An employee who has been led to believe she must sleep with her boss to keep her job has been sexually harassed, as has one whose co-workers regularly tells offensive, sex-related jokes and plaster their walls with pictures of nude women. An employee who is pinched or fondled against his or her will by a co-worker has been sexually harassed, as has one whose colleagues smirk at her, block her path or act like they're going to grab her. An employee who is constantly belittled and referred to by sexist or demeaning names has been sexually harassed, as has on who is subjected to repeated rude or pornographic remarks. Sexual harassment occurs when a supervisor acts as if the women working under him owe him sexual favors, and it also occurs when a co-worker attacks or intimidates a woman because he doesn't think she should be doing what he considers man's work. It occasionally drives from an excess of sexual desi re by the harasser, but most often it is motivated by fear, power or hate. Most cases of sexual harassment are never reported, because the harassed women are too degraded, too uncertain of their rights or too fearful of retaliation to do anything about it. Thousands of harassment claims have been filed through government agencies and company complaint procedures. There are many misconceptions about sexual harassment that many men fear. Sexual harassment laws have prevented men from complimenting a woman or asking her out for a date, which is acceptable. Nothing in the law prevents dating, as long as it is done in a reasonable manner that respects a co-worker?

How Does the Writer Tell the Story in the Road Pages 24-7 Essay

The narrative in Pages 24-7 is based on the main character taking his son to see the old house he lived in. It consists of generally a sad tone because he is reminiscing his past and how he has lost it all. This part of the novel begins neutrally, but with an apocalyptic atmosphere to it, which is demonstrated through the use of no punctuation. McCarthy also uses short sentences through these pages, which gives a robotic sense – ‘The man stopped.’ This idea is also reflected in the title ‘The Road’; almost as if the journey is just on one set path. This takes us away from the blur of the novel and brings us to a stark reality, The climax in this part of the novel is when McCarthy describes the character’s bedroom, in which he uses detailed description – ‘In the nights in their thousands to dream the dreams of a child’s imaginings’, and then goes on to open the closet door. Again, we are brought back to reality when he expects to see his childhood things and instead is faced with ‘raw cold daylight’. The page ends circling back to the beginning ‘We shouldn’t have come’, which is what the b oy said at the beginning. Therefore, there is a sense of resolution. The form of these pages is retrospective narrative punctuated by flashbacks over a period of 40 years. As the narrative is from 3rd person perspective, the anonymity of ‘the man’ prevents a connection being made between the reader and the character. This also suggests that, because his name is never mentioned, a sense of being lost is portrayed. Additionally, the constant flashbacks used contribute to the idea that the days are blurring together. Again, this adds to the apocalyptic theme because there is no sense of prediction due to the only clear parts of the novel are the moments of reality when we are brought back from the flashbacks. McCarthy does this as an effective way of showing the character’s thought process. The main use of language McCarthy uses is to set the negative tone of being in a lost, almost sad and lonely world. Again, he does this by using short, snappy sentences and a lot of the dialogue used includes questioning. This could refer to the boy’s confusion of the situation, as he seems quite young and naà ¯ve – ‘We should go Papa, can we go?’ Moreover, this suggests that he needs reassurance, and perhaps that there is a glimmer of hope in the situation, which perhaps could foreshadow to what could happen later on in the novel. We can also learn that the man doesn’t want to return from his old home as he agrees to leave but then doesn’t, which connotes that he misses how things used to be in his old home. The rhythm in this part of the novel goes on and on through McCarthy’s use of short sentences and questions, which almost leaves the reader feeling out of breath and as if ‘The Road’ and its journey is ongoing. In conclusion, McCarthy uses a range of techniques to tell the story from Pages 24-27 to generally contribute to the main themes within the novel, such as death and the ‘end of the world’.

Role of Indian Banks in the Growth of the Indian Economy

{draw:g} {draw:custom-shape} SSUB INTRODUCTION: In the current global order, where the world has become a big village, consumers take a global look at the products and services in terms of price, quality, delivery and after-sale services. This trend has sown the seeds of competition in every sector of economy and banking sector is no exception to this event. Banking, the world over, has been changing at a spectacular pace. This change is due to multifarious factors like the need to be efficient in functions, thirst for becoming finance superpowers than mere banks, growing importance of private banking, the rise in high net worth individuals, etc. the decade of 90s has witnessed a sea change in the way banking is done in India. Technology has made tremendous impact in banking. â€Å"ANYWHERE BANKING† and â€Å"ANYTIME BANKING† have become a reality. Growing integration of economies and the markets around the world have made global banking a reality too. The surge in globalization of finance has also gained momentum with the technology advancements, which have effectively become overcome the national borders in the financial services business. India, as we know, is one of the 104 signatories of Financial Services Agreement (FSA) of 1997. This gives Indian banks an opportunity to expand on a quid pro quo basis. BANKING IN INDIA: Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India, a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India, which in 1935 formally took over these responsibilities from the then Imperial Bank of India, relegating it to commercial banking functions. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. In 1969 the government nationalized the 14 largest commercial banks; the government nationalized the six next largest in 1980. Currently, India has 96 scheduled commercial banks (SCBs) – 27 public sector banks (that is with the Government of India holding a stake), 31 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 38 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs. STRUCTURE OF BANKING SYSTEM IN INDIA: The following figure represents the structure of Indian Banking System. {draw:frame} ROLE OF BANKING SECTOR IN THE GROWTH OF INDIAN ECONOMY: Money lending in one form or the other has evolved along with the history of the mankind. Even in the ancient times there are references to the moneylenders. Indian history is also replete with the instances referring to indigenous money lenders involved in the business of money lending by mortgaging the landed property of the borrowers. Towards the beginning of the 20th century, with the onset of modern industry in the country, the need for government regulated banking system was felt. Reserve Bank of India was set up to regulate the formal banking sector in the country. But the growth of modern banking remained slow mainly due to lack of surplus capital in the Indian economic system at that point of time. Modern banking institutions came up only in big cities and industrial centers. The rural areas, representing vast majority of Indian society, remained dependent on the indigenous money lenders for their credit needs. Independence of the country heralded a new era in the growth of modern banking. In 1969, Indian government took a historic decision to nationalize 14 biggest private commercial banks. A few more were nationalized after a couple of years. This resulted in transferring the ownership of these banks to the State and the Reserve Bank of India could then issue directions to these banks to fund the national programs, the rural sector, the plan priorities and the priority sector at differential rate of interest. However, after almost two decades of bank nationalization some new issues became contextual. The service standards of the public sector banks began to decline. Their profitability came down and the efficiency of the staff became suspect. Non-performing assets of these banks began to rise. The wheel of time had turned a full circle by early nineties and the government after the introduction of structural and economic reforms in the financial sector, allowed the setting up of new banks in the private sector. The new generation private banks have now established themselves in the system and have set new standards of service and efficiency. These banks have also given tough but healthy competition to the public sector banks. MODERN DAY ROLE: Banking system and the Financial Institutions play very significant role in the economy. First and foremost is in the form of catering to the need of credit for all the sections of society. The modern economies in the world have developed primarily by making best use of the credit availability in their systems. An efficient banking system must cater to the needs of high end investors by making available high amounts of capital for big projects in the industrial, infrastructure and service sectors. At the same time, the medium and small ventures must also have credit available to them for new investment and expansion of the existing units. Rural sector in a country like India can grow only if cheaper credit is available to the farmers for their short and medium term needs. Credit availability for infrastructure sector is also extremely important. The success of any financial system can be fathomed by finding out the availability of reliable and adequate credit for infrastructure projects. Fortunately, during the past about one decade there has been increased participation of the private sector in infrastructure projects. The banks and the financial institutions also cater to another important need of the society i. . mopping up small savings at reasonable rates with several options. The common man has the option to park his savings under a few alternatives, including the small savings schemes introduced by the government from time to time and in bank deposits in the form of savings accounts, recurring deposits and time deposits. Another option is to invest in the stocks or mutual funds. In addition to the above traditi onal role, the banks and the financial institutions also perform certain new-age functions which could not be thought of a couple of decades ago. The facility of internet banking enables a consumer to access and operate his bank account without actually visiting the bank premises. The facility of ATMs and the credit/debit cards has revolutionized the choices available with the customers. The banks also serve as alternative gateways for making payments on account of income tax and online payment of various bills like the telephone, electricity and tax. The bank customers can also invest their funds in various stocks or mutual funds straight from their bank accounts. In the modern day economy, where people have no time to ake these payments by standing in queue, the service provided by the banks is commendable. While the commercial banks cater to the banking needs of the people in the cities and towns, there is another category of banks that looks after the credit and banking needs of the people living in the rural areas, particularly the farmers. Regional Rural Banks (RRBs) have been sponsored by many commercial banks in severa l States. These banks, along with the cooperative banks, take care of the farmer-specific needs of credit and other banking facilities. FUTURE: Till a few years ago, the government largely patronized the small savings schemes in which not only the interest rates were higher, but the income tax rebates and incentives were also in plenty. The bank deposits, on the other hand, did not entail such benefits. As a result, the small savings were the first choice of the investors. But for the last few years the trend has been reversed. The small savings, the bank deposits and the mutual funds have been brought at par for the purpose of incentives under the income tax. Moreover, the interest rates in the small savings schemes are no longer higher than those offered by the banks. Banks today are free to determine their interest rates within the given limits prescribed by the RBI. It is now easier for the banks to open new branches. But the banking sector reforms are still not complete. A lot more is required to be done to revamp the public sector banks. Mergers and amalgamation is the next measure on the agenda of the government. The government is also preparing to disinvest some of its equity from the PSU banks. The option of allowing foreign direct investment beyond 50 per cent in the Indian banking sector has also been under consideration. Banks and financial institutions have played major role in the economic development of the country and most of the credit- related schemes of the government to uplift the poor and the under-privileged sections have been implemented through the banking sector. CONCLUSION: The Indian banking system is financially stable and resilient to the shocks that may arise due to higher non-performing assets (NPAs) and the global economic crisis, according to RBI. Following the financial crisis, new deposits have gravitated towards public sector banks. According to RBI's ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2009', nationalized banks, as a group, accounted for 50. 5 per cent of the aggregate deposits, while State Bank of India (SBI) and its associates accounted for 23. 8 per cent. The share of other scheduled commercial banks, foreign banks and regional rural banks in aggregate deposits were 17. 8 per cent, 5. 6 per cent and 3. 0 per cent, respectively. With respect to gross bank credit also, nationalized banks hold the highest share of 50. per cent in the total bank credit, with SBI and its associates at 23. 7 per cent and other scheduled commercial banks at 17. 8 per cent. Foreign banks and regional rural banks had a share of 5. 5 per cent and 2. 5 per cent respectively in the total bank credit. NRI fund inflows increased since April 2009 and touched US$ 45. 5 billion on July 2009, as per the RBI's February bulletin. Most of this has come through Foreign Currency Non-resident (FCNR) accounts and Non-resident External Rupee Accounts. India's foreign exchange reserves rose to US$ 284. 6 billion as on January 8, 2010, according to the RBI's February bulletin. The State Bank of India (SBI) has posted a net profit of US$ 1. 56 billion for the nine months ended December 2009, up 14. 43 per cent from US$ 175. 4 million posted in the nine months ended December 2008. Amongst the private banks, Axis Bank's net profit surged by 32 per cent to US$ 115. 4 million on 21. 2 per cent rise in total income to US$ 852. 16 million in the second quarter of 2009-10, over the corresponding period last year. HDFC Bank has posted a 32 per cent rise in its net profit at US$ 175. million for the quarter ended December 31, 2009 over the figure of US$ 128. 05 million for the same quarter in the previous year. Government Initiatives: In its platinum jubilee year, the RBI, the central bank of the country, in a notification issued on June 25, 2009, said that banks should link more bran ches to the National Electronic Clearing Service (NECS). In the Third Quarter Review of Monetary Policy for 2009-10, the RBI observed that the Indian economy showed a degree of resilience as it recorded a better-than-expected growth of 7. 9 per cent during the second quarter of 2009-10. In its Third Quarter Review of Monetary Policy for 2009-10, the RBI hiked the Cash Reserve Ratio (CRR) by 75 basis points (bps) to 5. 75 per cent, while keeping repo and reverse repo rates unchanged. According to the RBI, the stance of monetary policy for the remaining period of 2009-10 will be to: Anchor inflation expectations and keep a vigil on inflation trends and respond swiftly through policy adjustments, Actively manage liquidity to ensure credit demands of productive sectors are met adequately, Maintain an interest rate environment consistent with financial stability and price stability. Exchange rate used: 1 USD = 46. 29 INR (as on January 2010) 1 USD = 46. 66 INR (as on December 2009) Thus it can be concluded by saying that the role of the banks has been important, but it is going to be even more important in the future.

Forest transpiration is an element in the water cycle

Forest transpiration is an element in the water cycle Transpiration From Forest Woody Plants Transpiration is a term used for the release and evaporation of water from all plants including trees that is released out and into the Earths atmosphere. Nearly 90% of this water exits the tree in the form of vapor through small pores called  stomata  on leaves. The leaf cuticle covering located on the surface of leaves and corky lenticels located on the surface of stems also provide some moisture. The stomata are also specially designed to allow carbon dioxide gas to exchange from air to assist in  photosynthesis  that then creates the fuel for growth. The forest woody plant locks up carbon-based cellular tissue growth while releasing residual oxygen. Forests surrender large volumes  of water into the earths atmosphere from all vascular plant leaves and stem.   Leaf transpiration  is the main source of evapotranspiration from forests and, at some cost during dry years, give up much of its valuable water to the Earths atmosphere.   Here are the three major tree structures that aid in forest transpiration: Leaf stomata  -   microscopic openings on the surfaces of plant leaves that allow for the easy passage of water vapor, carbon dioxide, and oxygen. Leaf cuticle  - a protecting film covering the  epidermis or skin of  leaves, young shoots, and other aerial plant organs. Lenticels  -  a small cork pore, or narrow line, on the surface of woody plant stems. In addition to cooling forests and the organisms within them, transpiration also helps to cause a massive flow of mineral nutrients and water from the roots to the shoots. This movement of water is caused by a decrease in hydrostatic (water) pressure throughout a forests canopy. This pressure difference is mainly caused by water endlessly evaporating from the tree leaf stomata into the atmosphere. Transpiration from forest  trees is essentially the evaporation of water vapors from plant leaves and stems. Evapotranspiration is another important part of the  water cycle of which forests play a major role. Evapotranspiration is the collective evaporation of plant transpiration from the Earths land and sea surface into the atmosphere. Evaporation accounts for the movement of water to the air from sources such as the soil, canopy interception, and waterbodies.   (Note: An element (such as a forest of trees) that contributes to evapotranspiration can be called an   evapotranspirator.) Transpiration also includes a process called guttation, which is the loss of water dripping off uninjured leaf margins of the plant but plays a minor role in transpiration. The combination of plant transpiration (10%) and the evaporation from all bodies of water to include the oceans (90%) is responsible for all of the earths atmospheric moisture. The Water Cycle The interchange of water between air, land and the sea, and between organisms living in their environment is accomplished through the water cycle. Since the Earths water cycle is a loop of occurring events, there can be no starting or ending point. So, we can start learning about the process by beginning where most water exists - with the  sea. The driving mechanism of the water cycle is ever-present solar heat (from the sun) which warms the waters of the world. This spontaneous cycle of naturally occurring events creates an effect that can be diagrammed as a spinning loop. The process involves evaporation, transpiration, cloud formation, precipitation, surface water runoff, and the percolation of water into the soil. Water at the seas surface evaporates as vapor into the atmosphere on rising air currents where the resulting cooler temperatures cause it to  condense  into clouds. Air currents then move clouds and particulate materials which collide continuing to grow and eventually falling out of the sky as precipitation. Some precipitation in the form of snow can accumulate in polar regions, stored as frozen water and locked up for long periods. Annual snowfall in temperate regions will usually thaw and melt as spring returns and that water returns to fill rivers, lakes or soaks into the soil. Most precipitation falling onto land will, due to gravity, either percolate into the soil or will flow over the ground as  surface runoff. As with snow-melt, surface runoff enters rivers in valleys in the landscape with  streamflow  moving water towards the oceans. There is also groundwater  seepage that will  accumulate and is  stored as freshwater  in aquifers. The series of precipitation and evaporation continually repeats itself and becomes a closed system. Sources:     Ecology and Field Biology, R.L. Smith (buy from Amazon)         Transpiration and the Water Cycle, USGS

Appositives and Possessives

Appositives and Possessives Appositives and Possessives Appositives and Possessives By Jacquelyn Landis Are you planning to go to a writers conference? Or is it a writers’ conference? Is the Saturday market in the town square a farmers market or a farmers’ market? This is a construction that often perplexes writers. The first instance in each example is an appositive: a noun phrase consisting of a plural noun that modifies another noun that follows it. The form with the apostrophe is a possessive, a noun that â€Å"owns† the noun that follows it. So if the conference is one that is organized for writers, it’s an appositive. But if it’s a conference organized by writers- one that belongs to them- it’s a possessive. Likewise, if it’s a market for farmers, the proper construction would be the appositive farmers; a market owned by the farmers would be the possessive farmers’. The trouble with such noun phrases is that they frequently are ambiguous. Lacking insider knowledge, you’re often left to guess whether it’s an appositive or a possessive. Furthermore, there are plenty of commonly accepted constructions that defy appropriate construction. Children’s Hospital is a case in point. Clearly, the children don’t own the hospital; it’s a hospital for children. But you’ll see the possessive apostrophe on just about every such hospital in the country. One in San Diego seems to be aware of the problem and has hedged its bet. Instead of an apostrophe in its logo, a blue kite with a tail occupies the apostrophe slot. You can choose to read it as an apostrophe or simply view it as a decoration. An example of an entity that got it right is Publishers Weekly. This is a publication for the publishing industry, not owned by it. The key is to do your best to determine possession (or not) and punctuate accordingly. So if it’s the boys football team, it’s an appositive. But if it’s the boys’ football uniforms, it’s a possessive. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:English Grammar 101: All You Need to Know7 Patterns of Sentence StructureWhat the heck are "learnings"?

Being Alone

Accountant†¦no amount of money can be compared for the happiness I brought to my family including my clan in both side of my parents. I’ve realized that being a rat of this year refers to my personality, the mouse must need to run for the purpose of saving his life while the cat run for his need so he must eat the mouse†¦isn’t it true? The point is why I would rather waste my life for no reason, I could stand up on my own without relying from the source of others†¦I need to sacrifice the alf of me just to prove I’m still not withdrawing what I’ve been promised before†¦ The half of the year finally came and LandBank hired me as a Bookkeeper†¦the chance for regularization is not possible but still, the status can’t predict for many reasons and considerations. My life became better for I found more friends, I have part-time job with my landlady who is an Independent Auditor, also a CPA, I became busy with my job and attending every Sunday on Victory†¦ maybe one way to forget all the heartaches and it lessens whatever stress I have. The blessings I received for the 2008, the bonus I get from my work, in a little way I hope my family appreciate what I’ve been shared with them, I’m thankful for those people who made my year very fruitful. God continuously give all we need so we must keep Lord in our Heart and always share His glory†¦. the very reason why unexpected things happen, whether it is good or bad.. is the love of God for us. For me, the time is not enough to return all the sacrifices He made for us so never surrender our trust and faith to Him while we use the life we borrow from Him, enjoy and be patient in everything we do. What had been promise will be done through Jesus Christ in a right time. Yes, the year is now 2009, 2008 still had an impact with my life, will always be a part of my memory. I’m ready to finish the pain and face the new set of challenges!!! yehey!!!! What more important is to accept our mistake and how you’ll make it right .. saying sorry to someone will the best way to free yourself. .

Motivation self worth theory Essay Example | Topics and Well Written Essays - 1250 words

Motivation self worth theory - Essay Example complishment of the motivational action itself, while extrinsic motivation is supported by goals that are based outside of an internal locus of control. In some cases there is interplay between these two varieties of motivation, thereby resulting in a process that requires much investigation to elucidate the roles of each motivating factor. Related research is usually based on or contributes to one or more theories of motivation. Many theories from several schools of thought have been proposed and used to study motivation. These approaches usually focus on one or more of several characteristics that are believed to be related to the motivation to perform a particular behavior. Some of these attributes include expectancy, values, initiation reasoning, and cognitive influences. Expectancy refers to the anticipation of the results of the behavior (success vs. failure, for example), values are personal beliefs, initiation reasoning is the purpose for participating at all, and cognitive influences refer to thought processes in the brain that are associated with the behavior. Each of the available theories on motivation offers an alternative perspective of the process. Self-worth theory is an approach to studying observation that focuses on the expectancies related to a motivational behavior, as well as the personal and/or social values that are involved in the process. Covington (1984) introduced the self-worth theory of achievement motivation as a tool to examine the impact of self-worth and the self-protective process, as well as anticipations about the outcome, on a student’s motivational behaviors. The author demonstrated that children, when faced with a challenge in which failure is a possibility, would avoid the task rather than risk being viewed as incompetent. The results of this study were key in revealing the role of mental health (in the form of self-worth) in achievement motivation, as well as in identifying academic assessments as a major source of

See below Essay Example | Topics and Well Written Essays - 250 words - 4

See below - Essay Example All the three smartphones allow wireless connectivity or Wi-Fi, WAP, use Java platform and provide real time services like social networking and business related software including multimedia features along with internet based services in the phones that facilitated browsing, email services etc. Ballano (2011) had reported Android.Pjapps, a type of Trojan virus that operates in background and sends or blocks messages. The jailbroken iphones were hacked by Ikee worm (virus) that scans random IP ranges and changes wallpaper to Ricky Astley’s picture. Though, no virus is found in Blackberry devices but CBC (2006) had warned that a flaw in its system could affect TIFF files. Some proponents have stated that smartphones do not need ani-virus software. I do not agree with them mainly because all technology is vulnerable to anti-virus and other forms of malware. These are destructive software that are designed to corrupt relevant information and reduce the efficiency of the device. Like computers, smartphones also become susceptible to external threats through downloads from internet or by using external storage devices that might have viruses. Hence, constant update on the viruses becomes intrinsic part of smartphones security also. (words:

Criminology Report- The August 2011 Public Disorder-an analysis of the Essay

Criminology Report- The August 2011 Public Disorder-an analysis of the data on those bright before the courts - Essay Example The data presented in the filing fails to command authenticity and as the bulletin reports, the use of it should be under the understanding of its potential flows and is only viewed as approximations. The most observable features of the data as presented is the rounded off figures which therefore confirms the approximate nature of the data. The data presented covers factual records on court hearing data, data on ethnicity as well as age and gender and data on case classifications on area among others. Moreover, the distribution of the court proceedings between the court systems across the country is in record within the data presented. Nevertheless, it would be pointed out that the data presented fails to authoritatively quantify the number of offenders involved in each act of offence as was committed during the time. It is however acknowledged that the data presented was collected/retrieved from the administrative records as official statistics. This implies that though with the pos sible shortcomings pointed out in the discussion, the data can be used for research purposes as secondary data by the virtue of being official statistics. The report shows that the public violence involved many people who had disparities in age, gender and motives (Dodd, 2011). The report notes that on the basis of age, the public disorder involved 27% juveniles (aged between 10 and 17 years), 26% were aged 18-18 years while only an approximate of 5% of the offenders were above 40 years by age. In comparison with the age distribution of offenders previously convicted in similar offences in 2010, great disparities were observed from the 2011 statistics, majorly being on the numbers of offenders. Amongst 3103 defendants who faced initial trials in London magistrate courts, 27% were juveniles while the remaining 73% were adults. It is however to be noted that this was only 72% of the total accused persons because others

An Overall Analysis of Various Aspects of Islam Research Paper

An Overall Analysis of Various Aspects of Islam - Research Paper Example (Waines 92) This ambiguity of the meaning of Islam ultimately evolves from the concept that one’s submission to the will of God will bring peace in this worldly life. A fundamental Muslim thinks that submission to God and peace are the two sides of the same coin. Conventionally it is often believed that Islam was founded by Muhammad, in the 640 AD, who claimed himself to be the messenger of God. But referring to the Quranic evidences, some scholars claim that the origin of Islam dates back to Adam, the first man as well as the first prophet of Islam. This is how, all of the Abrahamic religions and few others were the ancient versions, of Islam, which have now been annulled by God Himself. (Nasr 45) But other scholars argue that since the ancient versions of Islam such Christianity (the religion of Prophet Zesu, one of the most revered prophets in Islam), Judaism (the religion of Prophet Moses, another revered prophet in Islam) and other religions have been repealed by God beca use the distortions of these religions by men, the true Islam for modern people is the one that Muhammad founded in the Seventh Century. Articles of Faith in Islam Institutional Islam, to a great extent, can be viewed as the summation of some seven beliefs and actions according to these beliefs. A follower of Muhammad or a believer of Islam needs to believes in: a. one God (Allah), b. prophets starting from Adam to Muhammad including Noah, Moses, Jesus, Abraham, etc. c. divine scriptures (Qutub) such as the Torah (the divine message of David or Da’ud), the Zabur (the divine message of Moses or Musa), the Bible of Zesu or Isaac (the Ingile as the Muslim calls it), the Quran (Muhammad), other unnamed minor religious scripts that were descended upon the prophets, d. the angels as the servants of God, e. belief in the â€Å"Day of Judgment† () and f. belief in fate. The summation of these beliefs is known as Islamic Belief, in Arabic ‘Iman’ or ‘Aqidahâ⠂¬â„¢. ‘Iman’ or ‘Aqidah’ essentially means to have beliefs in these six articles. Indeed five of these Articles of Faiths are supported by the textual evidences from the Quran. For an example, the verse 136 of chapter â€Å"An-Nisa† says, â€Å"Whoever disbelieveth in God and His angels and His scriptures and His messengers and the Last Day, he verily wandered far astray.† (4:136) Again the verse 285 of Chapter ‘Baqarah’ tells about the four of the main articles of faith in Islam: â€Å"believers have believed in God and His angels and His scriptures and His messengers† (2:285). Tawhid: Islamic Belief in the Oneness of God Islamic belief in God is both confirmation of one’s belief in one God and denial of many. In this sense, belief in Islamic God is a rigorous monotheism. In Arabic, this monotheism is called Tawhid or the oneness of God. This ‘Tawhid’ is the most fundamental concept of Islam. Indeed th e Islamic belief in the existence of one God is essentially the denial of many gods. According to the Quran, the fact that God is one is self-evident and therefore, the concept of many gods is simply false. God as well as His oneness, in Islam, often sides with transcendentalism. Though the transcendentalism has not directly been affirmed in Islam. The description of God, in a round about way, infers that God is transcendental. The Chapter, â€Å"

The Clearling Assignment Example | Topics and Well Written Essays - 1250 words

The Clearling - Assignment Example She dragged her basket over to the spring, then knelt and scooped up some of the clear cool water to drink. Refreshed, she lay back on the grass and closed her eyes, not caring about the further stains her clothes would suffer. She had been hunting in the forest all afternoon for berries, so that her mother could make her famous berry pie for their â€Å"special† guest, who was coming to dinner tonight. Kallan did not want to think of that â€Å"special† guest, her stomach tightened every time she did. Her parents had been looking for an eligible suitor ever since she had turned 16 last spring and Mr. Goodwyn was the result. He was rich, owned a manor house on ten acres of land and he was well connected at court. â€Å"The perfect husband!† Her mother had labelled him. â€Å"A proper gentleman.† Her father had announced happily. But, Kallan did not like him, never mind love him! And aren’t you supposed to love the person you are to wed? She thought to herself miserably. Lately, she had found herself spending more and more time in the forest, trying to avoid Mr. Goodwyn’s frequent visits. But, there was no avoiding him tonight; for, it was tonight that he was to make his formal proposal to her father, asking him for her hand in marriage. A silent tear rolled down her cheek and she made no attempt to wipe it away, instead she listened to the singing of the birds around her. Then, faintly she heard something else, sweet distant music accompanied by the tinkling of bells. As she listened, it came closer until it was all round her. Blinking she sat up and gasped in amazement. The sun had set and faint stars were beginning to shine, and in the faint light she saw that in the once empty clearing, now stood at least a dozen silvery white horses, their brightly coloured harnesses jingling with tiny gold bells. But, what was more astonishing were the people, if people they were, who were now dismounting from the beautiful horses. They were tall and slender, and moved so gracefully that they seemed to flow over the ground. One of the figures was playing a harp, the source of the sweet music she had heard. Stooping the figure set the harp on the ground and turned to Kallan. â€Å"Now, child, do not stare so. Have you never heard of The Fair Folk?† The speaker was the loveliest female Kallan had ever seen, she was tall and willowy with a fountain of coppery curls falling in waves down her back and around her angular ageless face. â€Å"W-well, yes†¦but,† Kallan stammered in a half whisper. She had heard tales of The Fair Folk, but she had thought that that is all they were, tales. The woman smiled gently down at her. â€Å"Come join us my dear, we are stopping for our evening meal.† She held out her hand and Kallan scrambled to her feet and took it â€Å"I am Taylliana, Elf Queen of Fernin.† Kallan gasped and tried to curtsy but the queen stopped her saying, â€Å"None of that child, it is not necessary. What is your name?† â€Å"Kallan My Lady.† â€Å"Well met Kallan.† the queen said â€Å"Now come join us.† She led Kallan to where a brightly coloured silk covering had been placed on the grass. Kallan sat down dazedly and politely accepted a glass of what smelt like berry juice from the queen. She could not believe what she was experiencing, it all seemed so unreal. â€Å"This is Kallan.† The queen announced to the rest of the elves as they sat down and began passing bowls of fresh

Criminology Report- The August 2011 Public Disorder-an analysis of the Essay

Criminology Report- The August 2011 Public Disorder-an analysis of the data on those bright before the courts - Essay Example The data presented in the filing fails to command authenticity and as the bulletin reports, the use of it should be under the understanding of its potential flows and is only viewed as approximations. The most observable features of the data as presented is the rounded off figures which therefore confirms the approximate nature of the data. The data presented covers factual records on court hearing data, data on ethnicity as well as age and gender and data on case classifications on area among others. Moreover, the distribution of the court proceedings between the court systems across the country is in record within the data presented. Nevertheless, it would be pointed out that the data presented fails to authoritatively quantify the number of offenders involved in each act of offence as was committed during the time. It is however acknowledged that the data presented was collected/retrieved from the administrative records as official statistics. This implies that though with the pos sible shortcomings pointed out in the discussion, the data can be used for research purposes as secondary data by the virtue of being official statistics. The report shows that the public violence involved many people who had disparities in age, gender and motives (Dodd, 2011). The report notes that on the basis of age, the public disorder involved 27% juveniles (aged between 10 and 17 years), 26% were aged 18-18 years while only an approximate of 5% of the offenders were above 40 years by age. In comparison with the age distribution of offenders previously convicted in similar offences in 2010, great disparities were observed from the 2011 statistics, majorly being on the numbers of offenders. Amongst 3103 defendants who faced initial trials in London magistrate courts, 27% were juveniles while the remaining 73% were adults. It is however to be noted that this was only 72% of the total accused persons because others

The Clearling Assignment Example | Topics and Well Written Essays - 1250 words

The Clearling - Assignment Example She dragged her basket over to the spring, then knelt and scooped up some of the clear cool water to drink. Refreshed, she lay back on the grass and closed her eyes, not caring about the further stains her clothes would suffer. She had been hunting in the forest all afternoon for berries, so that her mother could make her famous berry pie for their â€Å"special† guest, who was coming to dinner tonight. Kallan did not want to think of that â€Å"special† guest, her stomach tightened every time she did. Her parents had been looking for an eligible suitor ever since she had turned 16 last spring and Mr. Goodwyn was the result. He was rich, owned a manor house on ten acres of land and he was well connected at court. â€Å"The perfect husband!† Her mother had labelled him. â€Å"A proper gentleman.† Her father had announced happily. But, Kallan did not like him, never mind love him! And aren’t you supposed to love the person you are to wed? She thought to herself miserably. Lately, she had found herself spending more and more time in the forest, trying to avoid Mr. Goodwyn’s frequent visits. But, there was no avoiding him tonight; for, it was tonight that he was to make his formal proposal to her father, asking him for her hand in marriage. A silent tear rolled down her cheek and she made no attempt to wipe it away, instead she listened to the singing of the birds around her. Then, faintly she heard something else, sweet distant music accompanied by the tinkling of bells. As she listened, it came closer until it was all round her. Blinking she sat up and gasped in amazement. The sun had set and faint stars were beginning to shine, and in the faint light she saw that in the once empty clearing, now stood at least a dozen silvery white horses, their brightly coloured harnesses jingling with tiny gold bells. But, what was more astonishing were the people, if people they were, who were now dismounting from the beautiful horses. They were tall and slender, and moved so gracefully that they seemed to flow over the ground. One of the figures was playing a harp, the source of the sweet music she had heard. Stooping the figure set the harp on the ground and turned to Kallan. â€Å"Now, child, do not stare so. Have you never heard of The Fair Folk?† The speaker was the loveliest female Kallan had ever seen, she was tall and willowy with a fountain of coppery curls falling in waves down her back and around her angular ageless face. â€Å"W-well, yes†¦but,† Kallan stammered in a half whisper. She had heard tales of The Fair Folk, but she had thought that that is all they were, tales. The woman smiled gently down at her. â€Å"Come join us my dear, we are stopping for our evening meal.† She held out her hand and Kallan scrambled to her feet and took it â€Å"I am Taylliana, Elf Queen of Fernin.† Kallan gasped and tried to curtsy but the queen stopped her saying, â€Å"None of that child, it is not necessary. What is your name?† â€Å"Kallan My Lady.† â€Å"Well met Kallan.† the queen said â€Å"Now come join us.† She led Kallan to where a brightly coloured silk covering had been placed on the grass. Kallan sat down dazedly and politely accepted a glass of what smelt like berry juice from the queen. She could not believe what she was experiencing, it all seemed so unreal. â€Å"This is Kallan.† The queen announced to the rest of the elves as they sat down and began passing bowls of fresh

The Healthcare Facility and Staff †You Decide Essay Example for Free

The Healthcare Facility and Staff – You Decide Essay I. Identification The dilemma is that Mrs. Margie Whitson a patient at Golden Oaks Rehabilitation Center is going through some very hard times after just loosing her son William about a week ago. She has also had to deal with loosing her husband in the past 5 years leading up to this. She is also reflecting back to when she lost her first son to a motor vehicle accident. Margie is having a very difficult time taking this all in and now feels all alone and wants the one and only thing keeping her alive removed. Margie suffered a heart attack 2 years ago that almost took her life and she had to have an electronic pacemaker implanted. The pacemaker is what is keeping her alive by keeping her heart rhythm at a 100% pace. Without the pacemaker she would not be able to live. Now that all of her family is gone she is requesting that her pacemaker be removed so that she can pass and go on to be with her family because she now feels like she has nothing to live for anymore. She has talked to the Rehabilitation Center Administrator Cindy Mackin and has told her what she wants to happen and has requested her to call Dr. Vijay who was the Cardiologist Surgeon who placed the pacemaker in her to remove it. Morals are principles of right and wrong in behavior, expressing or teaching a conception of right behavior, conforming to a standard of right behavior, sanctioned by or operative on one’s conscience or ethical judgment, and capable of right and wrong action. (Merriam-Webster) According to our book the moral principles of ethics that are involved in removing Margie’s pacemaker are: †¢Beneficence- is the principle of doing good, demonstrating kindness, showing compassion, and helping others. †¢Nonmaleficence- is an ethical principle that requires caregivers to avoid causing patients harm. †¢Justice- is the obligation to be fair in the distribution of benefits and risks. †¢Autonomy- is recognizing the right of a person to make one’s own decisions. (Legal Aspects of Healthcare) The morals that are in conflict with this issue is nonmaleficence because the doctors, nurses, social worker, and ethics committee main priority is to make sure that nonmaleficence is not being implemented by any means. Other morals that are in conflict would be justice and autonomy because the committee has to take in consideration the patient’s right to make her own decision about wanting to live or not but they also have to take into consideration the benefits and risks of the patient that could come along with going through the patient’s request of removing her pacemaker. II. Information The ethics committee goals consist of: †¢Promote the rights of patients. †¢Promote shared decision making between patients and their clinicians. †¢Assist the patent and family, as appropriate, in coming to a consensus regarding the options that best meet the patient’s goal for care. †¢Promote fair policies and procedures that maximize the likelihood of achieving good, patient-centered outcomes. (Legal Aspects of Healthcare) It is clear that this dilemma consists of Margie wanting her doctor to assist with taking her life by removing her pacemaker. She has been through so much with the loss of her immediate family members that she wants to pass away as well to be with them because she feels like there is nothing else to live for. There are many theories of ethics that play apart in this dilemma. One of the theories is the Normative Ethics where all attempts are made in determining what moral standards should be put into place to ensure that human behavior and conduct are morally right. Another theory that can be can be applied is the Consequential Ethical Theory that focuses on the morally right action that will lead to the maximum balance of good or evil. The Utilitarian ethics believes that the moral worth of an action is only determined by its contribution to happiness as summed by all people. The last theory would be the Deontologic ethics that is focuses on the duties to others, which consists of telling the truth to all patients. III. Communication The ethics committee then sits down together and communicates with each other about the dilemma while going over the morals values and theories that apply to this particular dilemma to ensure that all of the rights steps and decisions are taken before they come to a conclusion on what to do for Margie. This step in communication is very critical to make sure that the committee review the dilemma properly, resolve any ethical dilemmas, resolve any conflicts, and to figure out if any additional support is needed. The committee does not necessarily come up with final decisions but they provide the needed advice to guide doctors, nurses, etc. towards making the right decisions. The ethics committee members all agree that there is indeed a dilemma with Margie wanting the aid of a doctor to take her life by removing her pacemaker, which is the only thing that is keeping her living. After meeting with all of the members of the ethics committee we are all on the same accord and have been informed with all the information about the case. The Cardiologist Dr. Rana Vijay, the Social Worker Jane Robison, the Rehabilitation Center Administrator Cindy Mackin and the Ethics Committee Chairman David Jamison have all come together and presented all information and facts that they know about this issue to all the members of the committee to ensure that no one was left out about any details of this dilemma. All members concur with my understanding and all other parties that had information about Margie’s dilemma. IV. Choice After speaking with the Cardiologist Dr. Rana Vijay, he informs the committee that removing Margie’s pacemaker would violate Beneficence, Nonmaleficence, and Justice. He stated that he would be going against helping others if followed through with Margie’s request, he would also be going against avoiding or causing harm to patients, and lastly he would be disregarding the benefits and risks of Margie by performing the requested actions. The Social Worker Jane Robison also expressed that doing this would not be good for Margie or his profession due to the ethics standards they have to withhold for all patients. She believes that with time she will have a change of heart and will appreciate her life being spared. The Rehabilitation Center Administrator Cindy Mackin agrees with everyone else in not assisting Margie with taking her life due to the sad circumstances that she has been faced with in the past few years. After all the members have reviewed the suggestions and recommendations from everyone involved everyone on the ethics committee have agreed that Margie’s request to have her pacemaker removed will be denied due to all ethical standards and the fact simply that it is just not right to let someone take their own life or assist with taking someone’s life. One of the most important things is to never cause harm to any patient, which taking a patients life goes above and beyond of causing harm to a patient. References Legal Aspects of Health Care Administration/George D. Pozgar.-11th ed.p.cm Moral. Retrieved from: http://www.merriam-webster.com/dictionary/moral

An Introduction To Rational Choice Theory Philosophy Essay

An Introduction To Rational Choice Theory Philosophy Essay Public administrative agencies have very distinctive styles of decision making often depending upon the type of leadership or organizational structure. The literature suggests the decision making process in the public administrative sphere involves more complexity, dynamism, intervention, and interruption than those in their private counterparts (Rainey, p. 160). Public administrators are primarily held accountable by the people they serve in their communities; therefore, utilizing the most logical, efficient style of decision making is sought out by public agencies. Decision-making issues are closely related to power issues, because power determines who gets to decide (Rainey, p.160). Bureaucracies have commonly used the Rational Choice Theory in their decision making processes. For the purposes of this assignment, the Rational Choice Theory has been chosen for examination. Through examining the four components of the Rational-Choice Theory Model, theorists have concluded that this style of decision making is not rational. This model has proved to be problematic because it is not realistic, too time consuming, too costly, and too strict. Theorists such as Herbert Simon opposed this style of decision making claiming that it leads to bounded rationality which ultimately leads to satisficing. Bounded Rationality and Satisfying are two public administrative terms that will be explained later on. Conducting an analysis of Rational-Choice Theory, one mainly encounters criticisms of the model in literature. In this article Stephan clarifies rationality by providing an explanation of the embedded assumptions in Rational-Choice Theory. The embedded assumptions of rationality are the central theme of this article. Quackenbushs central argument is that much of the criticism of rational choice theory is based on a basic misunderstanding of the assumption of instrumental rationality-which is, after all, the rationality of rational choice theory (Quackenbush, p. 2). In this article, the author has discusses the role of assumption in theory as well as the assumption of rationality in rational choice theory. The author utilizes empirical research from several theorists to explain how the debate and the criticisms have evolved with Rational-Choice Theory. Quackenbush strengthens his argument with a discussion regarding three applications of rational choice theory in international relations and demonstrates ways that rational choice theorists themselves have potentially added to confusion about the assumption of rationality (Quackenbush, p.2). Quackenbush presents research from political science theorists such as Donald Green and Ian Shapiro, and Walt Friedman regarding rational choice theory but makes it abundantly clear that this model has been debated in other areas of social sciences. Green and Shapiros research of rational choice was conducted in the realm of American politics. Green and Shapiro concluded their research with evidence illustrating the rational choice model had not advanced the empirical study of politics as it had initially promised. Walt conducted a review of several formal rational choice works in an attempt to demonstrate that they have yielded trivial results, have not been empirically tested, and that empirical tests, when used, have been constructed poorly (Quackenbush, p. 2). Quackenbush attempted to clarify the role of assumptions in rational choice theory. The empirical works of Green and Shapiro assisted Walt in proving that rational choice is not simply one theory but an approach to theory. An assessment of Quackenbushs article, generally stated, may be the fact that rational choice theory theorizes that individuals use rationality to make choices and that individual theories are more of a concern than the rational choice model itself. In exploratory rational choices record, Green and Shapiro paying attention entirely upon the extent to which theorists present empirical evidence about the outside of an event: that is evidence. Evidence, on this view, consists in a fit between the presumptions of rational choice theory and observed institutional or behavioral outcomes in any particular case. In what follows we will refer to empirical evidence of this sort as mortal external. However, we argue that rational choice is also conciliation by its failure to provide kind of empirical evidence, namely internal or interpretive evidence about the beliefs of the agents whose actions comprise the phenomena to be explained. Our distinction between external and internal evidence maps on to the well-known distinction between a behavioral and ultimately positivist conception of political science and a hermeneutic or interpretive one. Internals explanations do not claim access to private psychological states; they are internal only in the sense of being internal to the world of meanings inhabited by the actor. Monk-Hampsher and Hindmoors research does, however, assume the devils advocate role towards the end of the article demonstrating how the rational choice theory is valuable in circumstances in which interpretive evidence cannot be relied. Scholarly Themes The idea of this article is based on the concept that the rational choice theory misses the interpretive evidence and the research to find out the reality that the empirical research does play any role in the credibility of the rational choice theory. Green and Shapiro demonstrate that the largely achievements of rational choice theory are in fact profoundly suspect and that fundamental rethinking is needed if rational choice theorists are to supply to the indulgent of politics. Green and Shapiro show that empirical tests of rational choice theories are disfigured by a series of mechanical defects. These defects flow from the characteristic rational choice impulse to defend universal theories of politics. An individual assessment of Hindmoors book review may lead to the belief that Hindmoor seems to disagree with Green and Shapiros thoughts that rational choice theory has been heavily criticized because it is misunderstood. Hindmoor explains that Green and Shapiro theorize that the problem lies with rational choice theorists and rational choice models, not with actual rational choice theory. Hindmoor may find Green and Shapiros research to be contradictory but acknowledges the importance of their work which it has been powerfully stated in the literature generating significant controversy. The theme of this book is based on the factors of reliability, validity and empirical evidence of the Rational Choice Theory. In this article the major concerns are the study of the collective action, the behavior and attitude of political parties politicians and phenomenon of voting cycles and the Prisoners problems. It has also been evaluated in this article that if rational choice theories are to contribute to the understanding of the politics then deep suspect and the fundamental rethinking is required. This article is a scholarly work dedicated to examining the primary features of rational choice theory with respect to Lakatos research program and Laudans research tradition. The analysis in this article expose that the thin rationality assumption, the axiomatic method and the diminution to the micro level are the only features shared by all rational choice models. On these grounds, it is argued that rational choice theory cannot be exemplified as a research program. This is due to the fact that the thin rationality proposition cannot be understood as a hard core in Lakatos terms. It is argued that Laudans conception of a research tradition better differentiate rational choice theory. Rational choice theory or rational actor theory (RCT) is a common draw near in different fields of social logical research. Broadly speaking, RCT can be differentiating as the maturity of models based on the hypothesis of rational actors. In this article, the nature of RCT is evaluated in more detail. Green and Shapiro suggest that they believe RCT should become a more coherent research program with a hard core if Lakatos terms are used. An assessment of Herne and Setelas article reveals their motivation for conducting this research lies within the context of the actual role of rational choice theory in the political arena. Herne and Setela disagree with Green and Shapiros strategies and convey that the development of rational actor theory would only be hindered if it were based upon a particular definition of rationality. Scholarly Themes The article theme is based on Post hoc theory development and domain restrictions.post hoc theory development is not necessarily harmful, if conceptual clarity and testability are preserved. But on contrary, post hoc theory development can lead to innovative model building. Beside this the domain restriction is also not a goof strategy because it kills the innovative theory building by restricting the domain of application. Librarians at the Bounds of Rationality: How Bounded Rationality Can Help Us Help Others, by Samantha Schmehl Hines Hines, S. S. (2009). Librarians at the Bounds of Rationality: How Bounded Rationality Can Help Us Help Others.  Behavioral and Social Sciences Librarian,  28(3), 80-86. doi:10.1080/01639260903088927 Social Science theorist, Hebert Simon, claimed that Rational Choice Decision Making resulted in bounded rationality, a theory that explains how the rationality of decision making is limited based on the amount of information one may have. Simons theory is the topic in Samantha Schmehl Hiness article, Librarians at the Bounds of Rationality: How Bounded Rationality Can Help Us Help Others. Central Argument In this article, Hiness is clearly an advocate of bounded rationality describing it as a helpful concept used to identify and predict behavior with decision making. Hiness central argument focuses on how and why bounded rationality is beneficial in predicting human behavior. Summary of Work Hines uses the criticisms of Rational Choice Theory to build her argument that bounded rationality is a better mode of decision making. Bounded rationality is a perception used in the social sciences to help classify and predict how individuals make decisions. An offshoot of rational choice theory, bounded prudence accounts for the fact that completely rational decisions are not feasible in practice and states that individuals use heuristics, or rules based on past experiences and information, to make decisions. Bounded rationality can explain how our users create heuristic shortcuts to simplify the decision-making practice and deal with the multitude of choices and information available. This concept article will describe bounded rationality, apply bounded rationality to aspects of library service, and discuss the possible use of the concept as an assessment tool for our services. Hines uses librarians and their daily operations in an attempt to prove that Simons theory is helpful in two different realms of study: Social Sciences and Human Behavior. Hines explains that daily practices such as collection development and reference review are implicated in the decision making processes of our daily lives. Collection development and reviews of reference books, articles, journals etc are two elements of bounded rationality that draw attention to the resources individuals have at their clearance for making rational decisions. Hines argues that becoming aware of this progression will benefit the decision making process. Scholarly Themes The theme of this article is based on the idea that the individuals rationality is limited because of the available information, cognitive limitation of their minds and the limited time for decision making. So they use the techniques based on their experiences in past. Rational Decision Making in Business Organizations, by Herbert A. Simon Simon, H. A. (1979). Rational Decision Making in Business Organizations.  The American Economic Review,  69(4), 493-513. Retrieved April 8, 2010 Herbert Simon, a theorist who has analyzed Rational Choice Theory in multiple areas of study, seeks to examine the theory from an economical perspective in the article, Rational Decision Making in Business Organizations. Central Argument The central theme of this article is focused on the concern of the important colonial territory known as decision theory. Simon discusses the normative and descriptive aspects and its applications to business organizations linking his theories back to the core of the political economy. Summary of Work Simon states economics has focused on one aspect of mans decision making and that one focus had traditionally been his reason. Furthermore, Simon explains mans reason had typically been studied while making decisions in times of scarcity. Simon steps out of the traditional realm in his research viewing decision theory as not being limited to the domains of political science, psychology, and sociology. He explains that the classical model of rational choice calls for all the knowledge of alternatives that are open to choice. Simon explains, in compliance with most of his research on Rational Choice theory, the possession of complete knowledge is not rational or feasible. Simon uses the works of theorists such as Henry Schultz to provide examples in explaining the more refined aspects of studies conducted within the physical sciences. From a government policy making perspective, Simon reveals the eloquence of the body of descriptive theory (i.e. descriptive statistics) and how quantitative research has been beneficial to normative economics. Although Simon is clearly an advocate of his many of his colleagues equilibrium theories, he offers an explanation that some of the more refined parts of this study may not be completely beneficial in the real world. Simon says in his article that when we find the discrepancies between theory and data, we try to patch rather then to rebuild from the foundations. He argues that we have large quantity of descriptive data from field as well as laboratory. A number of theories have been formed to account for this data. But these theories are not coherent. In one way or other, these incorporate the notions of the bounded rationality. Bounded rationality means the need to search for decisions alternatives, the replacement of optimization by targets and satisficing goals and the mechanism of learning and adaptation. Scholarly Themes The theme of this article is one with something can not be defeated with nothing. You cannot neat a measure or a candidate by pointing his/her defects or inefficiencies. An alternative must has to be offered. Do Sunk Costs Matter, by R. Preston Mcafee and Hugo M. Mialon, and Sue H. Mialon Mcafee, R. P., Mialon, H. M., Mialon, S. H. (2007). Do Sunk Costs Matter?  Economic Inquiry,  48(2), 323-336. Retrieved April 8, 2010 Central Argument Authors R. Preston Mcafee, Hugo M. Mialon, and Sue H. Mialon present research examining how people make decisions specifically in the realm of sunk costs in the article Do Sunk Costs Matter; therefore, their research focuses on economics. Summary of Work In the summary to of this article the authors identify sunk costs as costs that have already been incurred and cannot be recovered. That sunk costs are not related to rational decision-making is often accessible as one of the basic principles of economics. When people are influenced by sunk costs in their decision-making, they are said to be commend the sunk cost fallacy. Contrary to conventional wisdom, we argue that, in a broad range of situations, it is rational for people to condition behavior on sunk costs, because of informational content, reputational concerns, or financial and time constriction. Once all the elements of the decision-making environment are taken into account, reacting to sunk costs can often be unstated as rational behavior. Another argument presented in this article is the idea that decisions based on future prospects, past decisions, scarce resources and infinite time, and reaction to past decisions and the sunk costs they have entailed, is often rational behavior. Scholarly Themes The theme of the article is when people engage in this type of behavior it is not rational and they commit a sunk cost fallacy. Sunk cost is the basic theme of this article in which the authors have discussed that the people might rationally invest more if they have invested more in the past, because it might convince that high past investments would lead towards the closer success. The reaction of people has been discusses for investments in regard to the sunk cost. Simons Revenge: or Incommensurability and Satisficing, by Michael Byron Byron, M. (2005). Simons revenge: or, incommensurability and satisficing.  Analysis,  65(4), 311-315. Retrieved April 9, 2010 Central Argument Michael Byrons article, Simons Revenge: or Incommensurability and Satisficing, is another analysis of the Rational Choice Theory based on Herbert Simons criticisms of the theory. Byron provides a discussion focused on Simons solution to the Rational Choice Model of Decision Making. The central theme of Byrons article is about Simons coined term, Satisficing, and its potential in serving as an alternative model to Rational Choice Theory. Summary of Work Byron explains that Simon thought for large-scale decisions, the deluge of relevant information and uncertainties overload the cognitive capacity of managers to process it. Managers strive for rationality; therefore, they tend to be rational. However, Byron uses Simons argument to strengthen his research by explaining cognitive limits, uncertainties, and time limits cause decisions to be made under conditions of bounded rationality. They do not maximize in accordance with rationality assumptions instead they satisfice. To paraphrase Bryons argument, satisficing is a term meaning what we do when we make the best of what we can. This is the reality of decision making. Satisfice is the combination of two words: satisfy and suffice. Byron explains Simons alternative model of satisficing does not require maximization such as Rational Choice Model. Simon saw maximizing had failed; therefore, his revenge, or model of satisficing, was designed to garner success outcomes descriptively. Byron argues Simon designed this alternative model by making it cognitive demands nominal, simplified its value function, and completely eliminated the probabilities of the model. Scholarly Themes The idea of this article is Satisficing. Managers try to be rational but due to limitations they have to be bound rational in their decision making to provide satisficing decision and alternatives. A Behavioral Approach to the Rational Choice Theory of Collective Action, by Elinor Ostrom Elinor Ostrom.   (1998). A behavioral approach to the rational choice theory of collective action presidential address, American Political Science Association, 1997.  The American Political Science Review,  92(1),  1-22.   Retrieved April 9, 2010, from ABI/INFORM Global. (Document ID:  26931044). Elinor Ostroms article, A Behavioral Approach to the Rational Choice Theory of Collective Action, is presented in Chapter 16 of Michael Dean McGinniss book entitled Polycentric Games and Institutions: Readings from the Workshop in Political Theory and Policy Analysis. Central Argument Ostroms research regarding the Rational Choice Theory and decision making is based on her argument that the theory is effective if expanded into a behavioral model of collective action when making decisions in times of social dilemma. This is the central argument of her research. Summary of Work Ostrom explains that Rational Choice Theory assumes that humans are self-interested, maximizers. Her research argues that Rational Choice has been successful in predicting marginal behavior in competitive decision making but when it comes to using this theory to predict decisions that are made during social dilemmas it has proved to be ineffective. Extensive empirical evidence and theoretical events causing change in multiple disciplines motivate a need to develop the range of rational choice models to be used as an establishment for the study of social dilemmas and cooperative action. After an introduction to the problem of triumph over social dilemmas through collective action, the leftovers of this article is divided into six sections which include theoretical predictions of currently accepted rational choice theory related to social dilemmas, challenges to the sole reliance, empirical findings that begin to show how individuals achieve results that are better than rational, the possibility of developing second-generation models of rationality, an initial theoretical scenario, implications of placing reciprocity, reputation, and trust at the core of an empirically tested, behavioral theory of collective action. The implications of developing second-generation models of empirically grounded, bloodedly rational, and moral decision making are substantial. New research questions will open up. We need to expand the type of research methods regularly used in political science. We need to increase the level of understanding among those engaged in formal theory, experimental research, and field research across the social and biological sciences. Scholarly Theme The main themes of the article are rational choice models, empirical evidences and theoretical development. The mentioned themes can be used to expand the variety of the rational choice models so that the study of the social dilemma and collective action can be carried out. To vote or not to vote: the merits and limits of rational choice theory, by Andre Blais Blais, Andre. To vote or not to vote: the merits and limits of rational choice theory. 2000. USA: University of Pittsburg Press. Central Argument Voter turnout and our reasons for voting have been exhaustively examined in the literature; however, Blais expresses his dissatisfaction of what has been presented in the literature about voting. The central theme of Blaiss research is whether or not the decision to vote or abstain from voting evolves from a rational choice perspective. Summary of Work Blais strengthens his argument by pointing out that rational choice authors have admitted a problem with exist voting and rational choice perspective because voting is a paradox of irrational response. Blais concludes his argument, after two solid years dedicated to this topic, with the view that the Rational Choice Theory does make a real contribution to understanding of why people vote but the contribution is quite limited. Blais uses Green and Shapiros infamous critique of the Rational Choice Theory to compare his verdict of the actual role Rational Choice plays in ones decision to vote. Green and Shapiros research blatantly stated the Rational Choice Model had failed to contribute any advancement of the empirical study of politics. Blaiss verdict is not as harsh and contrary to his colleagues findings. Blais uses a strong example to prove his point stating that motivations that make people vote, such as civic duty, are far from Rational Choice that claims people are self-interested. In Blais comparative analysis of his verdict to Green and Sahapiros, he stresses that political science offers many reasons to not vote. The fact that people still make the decision to vote is irrational. After Blaiss research, he candidly reveals that he cannot make sense of why people vote without taking the Rational Choice Model into consideration. Since most citizens vote despite even when it is not in their best perso nal interests to do so is a fascination that only Rational Choice Theory can explain. Scholarly Themes In the book, the author is focusing on the reasons for the choice for casting the vote. Voting and rational choice theory are interlinked and only this theory can explain it. CONCLUSION The 10 articles examined for the purposes of conducting a miniature literature review of Rational Choice Theory clearly indicates that this theory is of the most powerful in the field of social sciences, especially political science. An immovable effort was made to garner research that presented different perspectives about the effectiveness and feasibility of Rational Choice Theory. Rational Choice Theory has been criticized for being unrealistic. In decision making, Rational Choice is thought to be too time consuming, too costly, and too strict. The literature has criticized the theory for not taking human intuitive behavior into consideration. Furthermore, many theorists and researchers are not satisfied with Rational Choice Theory because it neglects empirical research. On the other hand, many theorists believe in Rational Choice Theory to explain things such as voting phenomenon. People vote inspire of the fact it may not be in their personal best interests. Some theorists believe only Rational Choice Theory can explain and predict this type of behavior. Other theorists believe the theory can be strengthened through incorporation of behavioral models. Overall, Rational Choice Theory has been approached with skepticism by theorists. The theorys validity and reliability has been questioned because of its lackadaisical approach to include empirical research. This argument seems to be the central theme of a vast majority of the research on Rational Choice Models. Theorists wonder what Rational Choice should do when empirical anomalies arise. Although there are many critiques for Rational Choice Theory, but still it is helpful in many fields such as to understand the rational of voting, in business organization etc.

The Storms of Villette Essay -- Storms of Villette Essays

The Storms of Villette      Ã‚   In Charlotte Brontà «'s novel, Villette, Brontà « strategically uses the brutality and magnitude of   thunder storms to propel her narrator, Lucy Snowe, into unchartered social territories of friendship and love. In her most devious act, the fate of Lucy and M. Paul is clouded at the end of the novel by an ominous and malicious storm. By examining Brontà «'s manipulation of two earlier storms which echo the scope and foreboding of this last storm -- the storm Lucy encounters during her sickness after visiting confession and the storm which detains her at Madame Walravens' abode -- the reader is provided with a way in which to understand the vague and despairing ending.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A long vacation from school precedes the first storm and it is during this vacation, where Lucy is left predominately alone, that the reader feels the full depth and emptiness of Lucy's solitude. She says, "But all this was nothing; I too felt those autumn suns and saw those harvest moons, and I almost wished to be covered in with earth and turf, deep out of their influence; for I could not live in their light, nor make them comrades, nor yield them affection" (230). After a resulting fit of delirium and depression, Lucy attends confession at a Catholic church solely in order to receive kind words from another human being. It is at this low, after her leaving the church, that the first storm takes shape. Caught without shelter, Lucy falls victim to the storm's brute force. She remembers that she "...bent [her] head to meet it, but it beat [her] back" (236). However, though appearing destructive, this overpowering force serves to deliver he r into the hands of Dr. John and his mother, Mrs. Bretton, Lucy's godmother fro... .... We have seen 'what good' can come from a destructive tempest for Lucy and in such fashion, we can only assume that this good will come again. Lucy will be further united to her dear M. Paul and to herself. Brontà « has outlined this as the form to be followed and as readers, we must optimistically obey.    Sources Cited and Consulted:    Books:    Allott, Miriam. Charlotte Bronte: Jane Eyre and Villette. MacMilan, London; 1973    Brontà «, Charlotte. Villette. London: Penguin, 1985.    Nestor, Pauline. Critical Studies of Jane Eyre. St. Martin's Press, NY; 1992.    Websites:    Cody, David and Everett, Glenn et al. The Victorian Web. Brown University; 1993 http://65.107.211.206/victov.html    Bronte, Charlotte. Jane Eyre. Litrix Reading Room; 1999. http://www.litrix.com/janeeyre/janee001.htm#1   

Managing Organizational Change Essay -- Business Management

In this dynamic business environment, change is inevitable. Changes can be planned, or unintentional: depending on the driving forces behind. The major forces for change can be derived from the nature of the workforce, technology, economic shocks, competition, social trends, and world politics (Robbins & Judge, 2011). In this post the author will explain the Kotter’s eight –step approaches to managing organizational change and discuss how his company handles the planned changes in term of organization reconstruction. When changes are inevitable, the leaders usually design some adequate steps to make the change go smooth, effective and permanently. Kurt Lewin argued that successful change in organizations should follow three steps: unfreezing the status quo, movement to a desired end state, and refreezing the new change to make it permanent (Robbins & Judge, 2011, cited in Lewin, 1951). John Kotter further expanded the Lewin’s model to include an eight-step plan for implementing change. The eight stages are: 1) establishing a sense of urgency 2) creating a guiding coalition 3) developing a vision and strategy 4) communicating the change vision 5) empowering broad-based action 6) generating short-term wins 7) consolidating gains and producing more change and 8) institutionalizing new approaches in the culture (Kotter, 1996). Kotter asserted that many changes failed because some steps were ignored, such as missing the creation of a sense of urgency, vision, or coalition. Using Kotter approach es, let’s analyze a recent change happened in Science Application International Corporation (SAIC), the company the author is working for. SAIC provides scientific, engineering, systems integration and technical services and solutions pr... ...ld improve the change process. The author believes that if the SAIC reconstruction is implemented successfully, the company will be more productive, efficient, agile and competitive. Works Cited Havenstein, W. (July 22, 2010). [Memo From the CEO: Organizational Changes]. Havenstein, W. (October 11, 2010). Message from the CEO. SAIC internal email. Kotter, J. P. (1996). Transforming organizations. Executive Excellence, 13(9), 1. Kotter, J. P. (2007). Leading change: Why transformational efforts fail? Harvard Business Review, 85, 96-103. Lewin, K. (1951). Field Theory in Social Science. New York: Harper & Row. Robbins, S. P., & Judge, T. A. (2011). Organizational Behavior (14 ed.). Upper Saddle River, NJ: Pearson. Schuler, R. S. (1980). Definition and conceptualzation of stress in organizations. Organizational Behavior and Human Performance, 189.