Economics and Globalization Essay Example for Free

Financial matters and Globalization Essay Regular you hear it on the news, you read it in the papers, you catch individuals discussing itand in each and every occasion the world globalization appears to have an alternate importance. Along these lines, what is globalization?, there were a great deal of discussion about this issue. At a top political and financial level, globalization is the procedure of denationalization of market, political and legitimate frameworks. The results of this political and monetary rebuilding on nearby economies, human government assistance and condition are the subject of an open discussion among worldwide associations, legislative organizations and the scholastic world. (7, www.globalization.com/intro.cfm) What is globalization? Is it the mix of financial, political, and social frameworks over the globle? Or on the other hand is it Americanization and United States predominance of world undertakings? Is globalization a power of financial development, thriving, and law based opportunity? Or on the other hand is it a power for ecological decimation, abuse of the creating scene, and concealment of human rights?( www.globalization101.org) Globalization isn't a wonder it isn't only some passing pattern. today it is an all-encompassing global framework molding the local governmental issues and outside relations of for all intents and purposes each nation, and we have to comprehend it all things considered. Globalization is a lot of like fire. Fire itself is neither fortunate or unfortunate. Utilized appropriately, it can cook great, disinfect gear, from iron, and warmth our homes. Utilized heedlessly , fire can obliterate lives, towns and woods in a moment. As friedman says :globalization can be inconceivably enabling and amazingly coercive it can democratize opportunity and democratize alarm. It makes the whales greater and the minnows more grounded. It deserts you quicker and quicker, and it gets up to speed to you quicker and quicker. While it is homogenizing societies, it is likewise empowering individuals to share their exceptional distinction farther and wider.*+(web) Be that as it may, the inquiry here what is driving globalization?, globalization Is driven by the key reactions of firms as they abuse advertise opprtunties and adjust to change in their mechanical and institutional condition, and endeavor to control these progressions for their potential benefit. The O E C D bunches the components forming globalization into four general classes, which are between connected: - firm conduct : Vital , pre-emptive and imitative conduct. Abuse of upper hands: utilization of prevalent innovation , association, creation or advertising. Union of upper hands: access exceptionally talented individuals, progressed innovative and business foundation, lower Labor expenses, and crude material. Authoritative changes; reception of lean creation techniques and increasingly flat inside and outer hierarchical structure. - Technology Related elements declining figuring, correspondence, co-appointment and transport costs. Expanding significance of R D , combined with rising R D costs. Shortening item lives. Shortening of confinement delays. Fast development of information - concentrated ventures. Expanding customization of both moderate and completed merchandise. Expanding significance of client situated administrations. Monetary variables Accessibility of key creation factors Efficiency differentials. Changes in return rates. Contrasts in the business cycle. Making up for lost time by slacking economies. (changing ideal models , Thomas Claake and stewaat clegg, p90)). Be that as it may, as indicated by Thomas Friedman in his book Lexus and the Olive tree he clarifies three significant factoes for the spread of globalization: Which are - the democratization of tecngology. the democratization of money. - the democratization of data. Global extension has been driven by firm techniques dependent on their advancements and hierarchical points of interest molded by various variables of government policies,â technological factors driving extension incorporate the fast development of information concentrated enterprises which are outside venture escalated businesses which are remote speculation serious use intra firm exchange seriously andâ collaborate remotely being developed the need to recop developing R D costs find profoundly prepared and talented laborers and arrange creation all the more productively supported by declining correspondence and transport costs. Increment significance of client sevice. Macroeconomic variables incorporate market advancement in various nations and district. Avalibility of key creation factors, item differentials, change in return ates, contrasts in business cycle, getting up to speed by slacking economies. Government approaches , huge impact firm systems by changing capital speculation and exchange streams, instantly local reconciliation and immediately intensity. Exchange strategy of progression of exchange and contributed are empowering factors which have driven worldwide development and expanded the coordination of creation and markets.competiton policies(changing standards , Thomas Claake and stewaat clegg, p90)). Second, the techmolgy, individuals have had the option to venture to the far corners of the planet for as far back as 500 years, the distinction presently is that they are associated immediately.Th web blast in 1990 made individuals relaise that business could work pretty much unconstrained by geology, 24 every day , 7 days per week , multi day a year. This new quicker moving changing business condition have driven organizations of all sizes to sort out themselves into littler increasingly responsive , centered unti. The quicker that drives globalization is making conduct is increasingly innate. John Nasibih, creator of worldwide pardox contends that the more we become financially associated the more we clutch what comprise our center fundamental character. Actualizing a homogenized western culture, such nations as indousia , Russia , france have passed laws to save their personality. Matters are further complicaty by the move from trdational country states to arrange. The job of diasporas in building up the monetary and political fortunes of numerous regions is noteworthy . See the job of the chinessâ dispopora in driving the financial advancement of numerous asian states. Innovation is driving a worldwide changing in numerous different territories, influencing the setting of key decisions.Laura DSndrea Tyson, senior member of London Bsuiness School and a main monetary consultant to Bill Clinton from 1996 to 2000, featured the principle powers driving globalization: The fundamental factor driving is innovation .its trite to day however its actual ./the two significant improvement occurring on the planet are segment and interconnectedness. Interconnectedness is about transportation and correspondence and that determined bytechnolgy. Segment is in reality about biotechnolgyical science. (Kourdi, BUSINESS STRATEGY) Tecnhlogy didn't inevent another business worldview however it has changed business opening up a multi exchange of approaches to include esteem, increment deal, lessen costs and oversee all the more proficiently. Understanding the idea of this change is significant for dynamic. A data firestorm seethes in many business and how it is manges is essential to progress. A consequenceas of the expansion in line movement is that data can be influences to make new wellsprings of significant worth . it is essential to join the intensity of data and innovation qwith presence of mind way to deal with the board. So tech. What's more, infor, are very importat factor what additionally impact the economy which likewise cause globalization. (Kourdi, Business methodology).

The Effects of Mindfulness Based Stress Reduction

RESEARCH METHODOLOGY HMPYC80 ASSIGNMENT 02-03 RESEARCH PROPOSAL TITLE: THE EFFECTS OF MINDFULNESS BASED STRESS REDUCTION TRAINING ON ADOLESCENT SELF-AWARENESS AND THE REDUCTION OF ANXIETY, DEPRESSION AND STRESS. Creator: 5888743 RESEARCH METHODOLOGY HMPYC80 ASSIGNMENT 02-03 RESEARCH PROPOSAL TITLE: THE EFFECTS OF MINDFULNESS BASED STRESS REDUCTION TRAINING ON ADOLESCENT SELF-AWARENESS AND THE REDUCTION OF ANXIETY, DEPRESSION AND STRESS. Creator: 5888743 Mr P Smith The ANIKA Foundation 234 West Highland Drive Newport 2843 Australia 1 May 2011 Dear Sir, Re: Research Proposal: THE EFFECTS OF MINDFULNESS BASED STRESS REDUCTION TRAINING ON ADOLESCENT SELF-AWARENESS AND THE REDUCTION OF ANXIETY, DEPRESSION AND STRESS. I am as of now contemplating Psychology Honour’s at the University of South Africa. I am a school instructor at a tuition based school in Sydney where I work with youngsters from Year K through to year 12. I have an unmistakable fascination for Adolescent psychological well-being and self destruction prevention.The Department of Mental Health at the World Health Organization expresses that: â€Å"WHO figures obviously show that by 2030 wretchedness will be the single greatest weight of care on our social insurance framework, surpassing cardio vascular malady and obesity†. It is getting progressively increasingly critical to take a gander at safeguard systems to diminish the quantity of youngsters giving discouragement, uneasiness and stress. I comprehend that the ANIKA Foundation was set up in light of the appalling passing by self destruction of your little girl Anika.The motivation behind establishment is to help and advance the avoidance of tension and melancholy in youngsters. Care Based Stress Reduction preparing has been appeared to build up the ability to: †¢Consciously act and react with mindfulness and lucidity as opposed to respond out of an ongoing example †¢Bring more noteworthy fixation and center to day by day exerc ises †¢Monitor levels of pressure and trouble, and find a way to address them †¢Positively make a move to reestablish your vitality †genuinely, sincerely and mentally.It subsequently appeared to be proper to get in touch with you with data about my proposed explore point to check whether you would be keen on this new territory of avoidance. I anticipate got notification from you soon Yours Sincerely 5888743 Psychology Honors understudy and school advocate. RESEARCH METHODOLOGY HMPYC80 ASSIGNMENT 02-03 RESEARCH PROPOSAL TITLE: THE EFFECTS OF MINDFULNESS BASED STRESS REDUCTION TRAINING ON ADOLESCENT SELF-AWARENESS AND THE REDUCTION OF ANXIETY, DEPRESSION AND STRESS. Creator: 5888743 IntroductionMy experience as a School Counselor alongside ebb and flow examine coming out of the World Health association demonstrates that by 2030 despondency will be the single greatest weight of care on our social insurance framework, surpassing cardio vascular sickness and heftiness. It is getting progressively increasingly pressing to take a gander at precaution procedures to decrease the quantity of youngsters giving gloom, nervousness and stress. Care Based Stress Reduction (MBSR) is a piece of an energizing new field in brain science that consolidates old intelligence with cutting edge information. The related field ofPositive Psychology looks not just at the end of adverse mental states yet in addition at manners by which we can see how individuals develop and prosper. Care Based Stress Reduction preparing has been appeared to build up the ability to: †¢Consciously act and react with mindfulness and lucidity instead of respond out of an ongoing example †¢Bring more noteworthy fixation and center to day by day exercises †¢Monitor levels of pressure and trouble, and find a way to address them †¢Positively make a move to restore your vitality †truly, genuinely and mentally.MBSR procedures dependent on the old Buddhist act of care and refl ection, try to give individuals the devices to create mindfulness so as to have the option to distinguish the various feelings that current themselves during our lifetime. And afterward react to those feelings is a way that is useful instead of ruinous. The way that we contemplate things significantly influences the manner in which we act on the planet, so it is imperative to have the option to perceive the sentiments and considerations that emerge routinely in our lives. Research Problem A writing survey demonstrates that MBSR has been looked into calm broadly in the clinical field.The writing shows promising outcomes with analysts finding noteworthy decreases in pressure, uneasiness and sadness after members finished MBSR preparing. 1,2,3, In another examination, typical solid working grown-ups who took an interest in Mindfulness based pressure decrease (MBSR) preparing, demonstrated improvement in social, mental, and physiological results estimated. This investigation evaluated t he impacts of an abbreviated (low-portion [ld]) work-site MBSR mediation (MBSR-ld) on markers of worry in solid working grown-ups to decide whether results like those acquired in conventional MBSR could be demonstrated.Participants were randomized into MBSR-ld and hold up list control gatherings. Self-announced apparent pressure, rest quality, and care were estimated toward the start and end of the 6-week intercession. Salivary cortical was surveyed week after week. Noteworthy decreases in apparent pressure (p = . 0025) and increments in care (p = . 0149) were gotten for just the MBSR-ld gathering (n = 22). Scores on the worldwide proportion of rest improved for the MBSR-ld gathering (p = . 0018) just as for the benchmark group (p = . 0072; n = 20). There is anyway right now no writing accessible on the impacts of instructing MBSR to youths, in a school setting as a major aspect of the PDHPE educational program. This exploration may open the entryway to an energizing field of deterr ent brain research in youth emotional well-being. What we consider upsetting or what makes us feel ‘mad’, ‘bad’ or ‘sad’ fluctuates starting with one individual then onto the next. Be that as it may, any negative state can profoundly affect the manner in which we work in our everyday lives. Left unacknowledged or untreated it can form into Stress, Anxiety or Depression.Very basically one of the primary effects of rehearsing care can be the ability to move out of a stirred, actuated, focused on state into a more settled, intelligent progressively controlled state. This casual state †called the parasympathetic state appears in reactions, for example, easing back down of the pulse, expanded lapse, unwinding of the muscles, expanded stomach related action and recovery and rest. A considerable lot of us invest energy in our thoughtful part of our sensory system that sets us up for dynamic commitment. It is related with feelings, for example, ou trage, fury and dread just as euphoria, fervor and interest.This is usually known as the battle or flight reaction, our hard wiring for endurance. Anyway progressing and extreme battle/flight reaction that isn't directed or tweaked can prompt expanded cortisol levels making pressure and misery. By developing in the understudies an intrinsic ability to ‘pay attention’ deliberately, right now in a non-critical way, we can ideally diminish by and large degrees of stress, uneasiness and sadness. Research Design The investigation will incorporate both subjective and quantitative techniques to survey the adequacy of the MBSR program.The study will incorporate multi year 9 understudies, matured 14 - 15 years. They will take an interest in a multi week program where they will learn methods of care and contemplation. The course will be educated related to the individual wellbeing and improvement educational program (PDHPE). The quantitative piece of the exploration incorporates two studies. The reviews will be controlled before the preparation starts, toward the fulfillment of the course and afterward again a half year later. This system is helpful as it evaluates factors by making them exactly detectable, and makes replication and retesting plausible.Survey 1: The DASS (Depression, Anxiety and Stress Questionnaire) created by Peter Lovibond from the University of New South Wales. The DASS is a lot of three self-report scales intended to quantify the negative enthusiastic conditions of despondency, tension and stress. The DASS was built not simply as another arrangement of scales to gauge ordinarily characterized passionate states, yet to facilitate the way toward characterizing, comprehension, and estimating the omnipresent and clinically noteworthy enthusiastic states normally portrayed as wretchedness, nervousness and stress.The DASS should accordingly meet the prerequisites of the two analysts and researcher proficient clinicians. 5 Survey 2: The Self- Assessment Questionnaire: The MAAS (Mindfulness Awareness Attention Scale) is a 15-thing scale intended to evaluate a center trait of dispositional care, specifically, open or responsive familiarity with and thoughtfulness regarding what is occurring in the present. The scale shows solid psychometric properties and has been approved with school, network, and disease tolerant samples.Correlational, semi trial, and research center examinations have indicated that the MAAS taps a one of a kind nature of cognizance that is identified with, and prescient of, an assortment of self-guideline and prosperity builds. The measure takes 10 minutes or less to finish. 6 Both studies will be regulated electronically and the understudy reaction will be unknown. Despite the fact that the information assembled will be intra-individual in nature, the patterns being surveyed will be increasingly broad. The information will be examined electronically and will give me and by and large degree of the parta king student’s mindfulness, gloom, nervousness and stress.This will be contrasted with the studies led toward the finish of the two months just as those in 6 months’ time. The subjective part of the examination will be the week after week little conversation gatherings. As the understudies travel through the preparation they will have chance to give criticism through semi organized meetings. The subjective advise

Blog Archive Admissions Myths Destroyed My Recs Grammar Will Ruin My Chances

Blog Archive Admissions Myths Destroyed My Recs Grammar Will Ruin My Chances At mbaMission, we are always emphasizing effective written communication (written communication, written communication, written communication!).   Indeed, there is no real “trick” to gaining admission to your target schoolâ€"earning that coveted letter of acceptance depends on your ability to tell your story in a compelling way in your own words. But is good grammar vital to good communication? And if so, will your recommender’s bad grammar be detrimental to your chances? Despite our passion for written communication, we can assure you that no MBA admissions committee will reject a candidate’s application because he or she incorrectly used a semicolon instead of a comma. The committee is seeking to learn about you as an individual to evaluate you and your potential, both as a student at your target school and in the business world after graduation. What is most important in your application is that you convey your unique storiesâ€"and ideally captivate your readerâ€"in your own voice. Of course, you should always strive to perfect your presentation, but in the end, the quality and authenticity of your content carry more weight than your verbiage and punctuation. And if you are not a native English speaker, you can certainly be forgiven for the occasional idiosyncrasy in your expression. This is even more true for your recommender. The committee is not evaluating him or her for a spot in the school’s program, so your recommender’s grammar is largely irrelevant to your candidacy. And again, if he or she is not a native English speaker, the admissions committees can be even more forgiving. The school will not penalize you for having a recommender who grew up in another country or whose English skills are not very polished for any other reason. As long as your recommender can offer anecdotes about your performance that create a strong impression about you and complement the abilities and qualities you have presented elsewhere in your application, you should be just fine. The substance of the recommendation is always what matters most. Share ThisTweet Admissions Myths Destroyed

Tips for Moving out of the Dorms

Moving out of the dorms? Two semesters is more than enough time to pack all sorts of debris into  a college dorm room. Here are some expert tips to make the process a little easier. 10 Tips for Moving out of a Dorm Room Spring Cleaning:  Encourage the notion of a pre-spring break cleaning. Doing a trash purge just before spring break means that much less garbage to deal with on the last day of school. You know your child will bring home bags of dirty laundry, but if weather permits, have him bring home any winter clothing, boots and/or flannel sheets that he doesnt still need at school.Divide and Conquer: If your child is coming home at any time before the end of the second semester, or you are going to visit him, take an empty duffel bag or two and start packing up winter clothing and any other non-essentials. Every bag you can get out of the room early is a bag you won’t have to deal with on the last day of school.Consider Summer Storage: If your childs dorm room has accumulated a lot of possessions - hes purchased a mini-fridge, for example, or youve traded in the Suburban for a Prius - you may want to consider a summer storage option. Store bulky possessions at a self-storage place near campus and you wont have to move it back next fall either. Most self-storage places take reservations, so youll want to reserve a unit 30 days ahead.Purge the Fridge, Dump the Trash: Have your child empty his refrigerator as soon as his last final is over, and start taking trash to the dumpsters. Wait till the day the dorms close and those dumpsters will be full.Sell the Books: Encourage your child to assess his textbooks and sell back anything he no longer needs. English lit books - Canterbury Tales, for example, and 1984 - can be used by siblings or friends forever, but genetics textbooks become obsolete very quickly. Sell them to the campus bookstore, via Amazon or Craigslist or through a textbook rental company such as Chegg.com, where, for example, an excellent condition, Organic Chemistry textbook that retails for $156 can be sold back for $81 or traded in for $89 in Chegg Dollars - which can be used, in turn, to rent next years textbooks. And Chegg pays the postage. Any of t hose options are preferable to lugging heavy books home to rot in your garage.Bring Supplies: It is easier to pack a car with regularly shaped objects – boxes or large Rubbermaid bins - as opposed to black plastic trash bags, grocery bags, and loose items. So bring packing boxes, rolls of packing tape, a roll of paper towels, a bottle of cleaning fluid, and a few trash bags for actual trash. Wear grubbies. Bring bottles of water and granola bars.Empty and Load: Time for the move! Empty all drawers, desks, cupboards and closets. Check the area under the bed and atop tall pieces of furniture. Pack boxes and tubs as neatly as possible, so they hold as much as possible. Dont mix dirty laundry into boxes of clean contents. Take water breaks, watch your back, and clean as you go. Use the corridor as a staging ground, stacking each packed box neatly against the wall until youre ready to make a trip down to the car.Consider Donations: You may find there are some items that you and yo ur child will be willing to part with if space doesn’t permit them aboard – rugs, for example, or oddly shaped, relatively inexpensive items, such as electric fans or lamps. So many items of this sort get thrown away on the move-out day, some schools have started setting up separate dumpster areas so those items can be salvaged and donated. If your childs school does not have such plans, consider doing a Goodwill or thrift store run before packing for home.Pack Em Up, Move Em Out, Rawhide: If you have lined up summer storage space, either in campus housing or off-campus, move those items first. Then enlist all your Tetris skills and start loading your car with everything that’s coming home. Save soft items – blankets, bedding, and overcoats – to stuff into nooks and crannies and pad fragile items.Final Sweep: When the room is completely empty, do one last drawer and cupboard check. Check the restroom too, if your child has a toiletry cupboard there . Sweep out the dorm room and mop off any obvious grunge. Unplug the mini-fridge and arrange for pickup. Pull out the dorm checklist the university gave you last fall, the one that lists existing damage, and go over it with an R.A. so your child can check out. One last potty stop, hugs all around and you’re off! Now the only problem is, where to put all that stuff when you get back home...

Cultural Differences Between Australia and Mongolia

Cultural Differences between Australia and mongolia The culture of Australia and Mongolia is different and cannot be ignored whilst doing business. The sets of values, beliefs and rules help by Mongolians is essentially different from Australians therefore it is important to understand what are the cultural norms and values that are prevalent in Mongolian society in order to avoid miscommunication and enable a prosperous business future between Australian and Mongolia business firms. Mongolians are proud, self-confident, and independent in disposition therefore it is important to avoid ethnocentricity in dealing with their local culture and people when doing business projects. The condescending attitude or belief that ones ethnic†¦show more content†¦The Mongolian business culture is dominated by men as is in most developing countries, although the number of women holding high executive positions is increasing at a steady rate, particularly in foreign companies. The same is almost similar in Australia which has a high working population of women albeit in lower paying jobs although it is not uncommon to see women holding high managerial positions compared to other industrialised nations (Gray et al. 2003). This would bode well for women looking to work in Mongolia knowing that progress regarding gender equality is being made. Australians and Mongolians share a similar culture towards their business dress sense whereby a formal tie and jacket is required whereas women wear business suits with a skirt or trousers. It is viewed in good light if foreigners over-dress as opposed to being under-dressed as the first impression counts if the company wishes to be taken seriously by Mongolian businessmen and women (Dashnyam 2003). The most obvious cultural difference between Australia and Mongolia is the language barrier. Australias primary spoken and written language is English whereas 90% of Mongolians converse in Khalkha Mongolian and write in the CyrillicShow MoreRelatedBusiness Rio Tinto Group Uk And Human Resource Practices1115 Words   |  5 PagesHow do various country cultures impact the business Rio Tinto Group UK and human resource practice of the MNE for RIO Tinto Group UK? Cultural Considerations Some of the most important objectives of HRM policy is to attract and keep the best talent and to provide strategies to motivate and improve staff performance. HR Managers are faced with many different cultures and not all cultures have the same intrinsic motivations. RIO Tinto has responded by seeking to embrace workplace diversity inRead MoreThe Significance of the Sino-Soviet Confrontation1850 Words   |  7 Pagesand confrontation will administer a greater understanding of the various alliances that formed around the Asia-Pacific region. 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The European Union and Latin America†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..23 12. Conclusions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦23 13. Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..24 2 1. The Common Commercial Policy The relationship between trade and development is a complex one. 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Essay about Critique of The Play Foxfire - 686 Words

Critique of The Play Foxfire *Works Cited Not Included The play I saw was called Foxfire. This play was about an old woman named Annie Nations who lived in Raybun County, Georgia. Her husband Hector had died five years earlier leaving her alone in their home in the mountains. However, she did not feel alone because she still saw Hector and spoke to him. Their son Dillard had long been trying to persuade her to come live with him in Florida. Prince Carpenter was a real estate agent who wanted to buy her hundreds of acres of land for 100 thousand dollars, but could not convince her to sell. She eventually must choose to either leave the home she had know for so many years to go live with her son and grandchildren or to stay there†¦show more content†¦If I had not been blessed with a sufficient amount of sleep the night before, I may not of stayed awake to see the ending. I think that Annie would have been happier if she could have stayed in the mountains with Hector for the rest of her life, whether he was actually there or not. She is an old woman. Why start a new beginning and a life somewhere else when she is perfectly content where she is? Let her finish her life where she is happiest. The setting with the log cabin and mountains were very believable. The pigs head and the black juice that squirted out looked very real. They definitely brought me into the world of the play. However, I was surprised when I discovered that this play took place in 1982. Hectors costume was more believable as an outfit from 1982 than Annies which looked to me like she was somewhere in 1882. At first, I thought Holly was a little girl in a school dress. She looked as if she was supposed to be much younger and I thought that she was a young girl until it was brought to my attention that she was a schoolteacher. The one part that had me confused for about five whole minutes was the part where Annie was having a baby. She still had her gray hair, her old woman costume, and she was still thin. I heard them talking on stage about the baby coming and I did not know who was pregnant. I kept trying to figure out who was

The Issues Facing the Board

Question: Prepare a Report that prioritises, analyses and evaluates the issues facing the board of SR, based on the issues highlighted in this scenario. Answer: Introduction The companies operating in Oil and Gas sector have to operate under certain financial, legal and societal constraints. It is important that organizations operating in this sector should have long-term plan of operations and development. The success of companies operating in this sector would depend on the existing oil and gas reserves and on the new licenses for oil and gas. The companies operating in this sector would require good cash reserve to keep growing (Carmichael, 2001). It is also important that the management of the company should take all the stakeholders together to make important decisions about the company. As mentioned in the case study SR has won the right to test drill on three different fields (Edwina, Felicity and Georgia). This appears to be a good news for the company and in fact, this news increased the stock price of SR. However, Charles Lincoln is worried about the future operations of the company. The company has been awarded new licenses but it appears that it lacks the financial to operate the three sites. The existing sites of the company has also limited oil and gas reserves. Charles Lincoln is engulfed among lot of issues such as outsourcer problem, pressure from environmental organization, internal organizational problem. He wants to focus on the long-term plan of the company. The objective of this paper is to discs the various challenges faced by SR Limited for discussion at Board level. This paper would discuss the various issues surrounding SR and some recommendations would be made. Analysis SR Company has been a matured player in oil and gas exploration and production industry (EP). The company is headed by Charles Lincoln who has always focused on growth and development. Recently, company has got the license to dig into three new fields. It is a very good opportunity for SR. Therefore, it is important that company should be in a position to handle all its internal and external issues. One of the most important consideration for SR is the cash consideration. The company is required to acknowledge the license of three new fields within 2 weeks and CFO of the company is on leave. Charles Lincoln is not sure that how much money company can gather. A joint venture or a farm out offer with other company called Drill Well is an option. It is important that management must analyze the pros and cons of all the options before making any decision. The immediate issues for SR can be discussed as: Underlying issues for the company From the case study, it can be inferred that SR is surrounded by both internal and external issues. These internal and external issues for SR can be discussed as: Farm out offer with Drill Well (DW) Charles Lincoln is aware of the fact that regardless of the decision whether to test drill all three sites the SR board is clear that SR will lack the financial capacity, and the managerial and productive capacity to bring all three wells into production. Therefore, Charles Lincoln wants to have a farm offer with Drill Well. Under this offer, some of the money would come from DW. However, the deal with DW does not appear to be a smooth deal. DW has come up with its own terms and conditions for the deal. DW has offered the option payment at this moment but in return, it wants the right but not an obligation to extract oil and gas from the field. It can be said that the terms and conditions of the deal does not make this deal a very attractive deal for SR. However, Charles Lincoln has limited options and it appears that the company must deal with DW so that its financial condition and cash reserves can be improved. This issue is an internal issue for the company and company must discus s it internally to reach a consensus. Environmental problems, Protest by CareGreen Parties This issue is an external issue for the company. This issue exists not only for SR but also for other companies operating in this sector. The SR head office was targeted last week by a protest about the use of finite fossil fuels. This was a coordinated attack against the industry rather than SR alone. It can be said that this issue is not very serious for the company at this moment. However, management must be cautious of any such issues because it can result in bad reputation for the company and this would be the last thing that company would want when it has plan to expand for three more oil fields. This issue could also have an impact on the share price of the company. Outsourcing issue The companies operating in oil and gas sector would typically outsource the production work to external vendors. SR also has the partnership with different vendors that perform the production work for the company. BoringHolesUK Limited is one of the chosen outsourcer at the Apache field and has been working with SR from the start. They have a good reputation and have always worked well within SRs and industry regulations. Recently, there has been political and military unrest in this farm field. As a result, several employees of BoringHolesUK Limited has left the job. It appears that this company is under serious resource crunch to do the tasks. SR has the policy to have frequent check of the operations of BoringHolesUK Limited. In one of the recent audit, some irregularity was surfaced in the control log record. Some employee of the company was making forged signature of an employee who has left the company couple of months back. This is an alarming issue for SR and it is expected t hat SR would have a system of check and balances on all its partners and outsourcing vendors. SRs long-term future One of an important issue for the company is about the sustainability of its existing fossil fuels reserves. The existing reserves of the company would only last for another 7 years. The company does not have any Plan B for the future and it is a serious issue for the company. This is also an internal issue for the company. However, a thought leadership and strategic thinking would be required to resolve this issue. Some radical changes in the organization and operations and some hard decisions could also be required to bring SR on sustainable path. The issues discussed above are critical from operations point of view. It is very important that SR must have the plan to overcome all the issues. Some of the issues and internal in nature that could be managed with internal discussion. While, some of the issues are external in nature. For external issues, SR must tie up with partners and competitors. Some of the recommendations for SR can be discussed as: Recommendations The first and most important recommendation for SR is that it must focus on sustainable development. The company must have a vision and long-term plan. The management of the company should be clear as where they see the company five years down the line, ten years down the line and beyond. It is also important that the vision and plan of the company should be shared with all the stakeholders. In fact, in order to develop long-term plan and vision, SR must take inputs from all the stakeholders of the organization. It would include both internal and external stakeholders. The companies operating in this sector would usually operate in Business-to-Business models. Therefore, most of the customers of SR would be business entities. It is recommended that SR should also take the input from its customers in order to develop a sustainability strategy. As discussed above, the company is dependent on its outsourcing vendors like BoringHolesUK Limited. It is recommended that SR should have a strong system of audit for its outsourcing vendors. In the current environment, SR does have the provision of spot-checking and periodic checking. However, it appears that the current system is not strong enough. It is recommended that SR must focus to increase its control system on its outsourcing partners. One of the ways to achieve this would be to have more than one outsourcing vendors. It is recommended that SR should have a pool of outsourcing vendors. The company should have a rating system wherein it would rate the performance of its outsourcing partners. In fact, the payment and rewards for the outsourcing vendors would also depend on the way these companies performs. This would in turn motivate outsourcing vendors to perform well. In addition, SR could also have the provision of external inspection wherein the Audit team would visit its outsourcing vendors. The issue of environmental organization should also be given due importance. It is important that the management of SR should have the strategy to deal with environmental issues also. It is recommended that SR should increase its consideration for social corporate responsibility. It would be good if SR can portray itself as an environment friendly firm. It is recommended that SR should also invest in certain programs around environment and CSR. The objective of the company should be to join hands with environmental organizations and to realize them that the company is working to increase the energy resources that is the requirement of entire world. It is recommended that SR should establish a dedicate function of Corporate Social Responsibility within the organization. The objective of this function would be to work with environmentalists for a sustainable and green future. Conclusion The above paper discussed the various issues facing SR. With the above discussion, it can be said that SR is surrounded by certain serious issues. However, a planned approach and a holistic understanding of the future can help company to overcome these issues (Mukherjeea, 2010). The first step for the company would be to have the strategy for internal and external issues. It is also important that company should realize that it couldnt solve all the issues on itself. There are certain external issues that could be solved only with a partnership with competitors and other industry players. The company must also focus on CSR issues. SR should have and should promote only green operations. It would ensure that company has the trust and respect of environmental organizations and society. It is also important that company should have both short-term plans and long term plans to address the issues. The management of the company should formulate the plans with a thorough discussion with all the stakeholders of the company. References Carmichael, L. (2001) Energy services: a status report [Online] Electric Power Research Institute (ERPI). Available from: https://my.epri.com/portal/server.pt?Abstract_id=000000000001001901 (Accessed: 24 February 2011). Duttaa, M., Mukherjeea, S. (2010) An outlook into energy consumption in large scale industries in India: The cases of steel, aluminium and cement, Energy Policy, 38(11) p. 7286-7298, 12p