Economic Effects of Consumerism Essay Example | Topics and Well Written Essays - 750 words

scotch Effects of Consumerism - Essay ExampleThe purpose of any economic musical arrangement should be to meet the raw material inescapable demands of its members in an affordable and sustainable manner. However, when the aspect of consumerism comes into effect with its emphasis on conspicuous consumption, the system gets thrown out of gear. The production-consumption cycle becomes a vicious spiral that is difficult to break. Some of the economic effect of consumerism arePlanned Obsolescence / Dissatisfaction. Rather than striving for a state of equilibrium, consumerism dictates that there must be an exponential function increase in demand. Hence the advent of the disposable culture which is aimed at increasing demand, as well as sustaining it. This is coupled with advertising which creates a felt need where none existed before by projecting actual products obsolete. This encourages the viewers to junk his old model and buy a new one. These two factors combined serve to conjure consumerism to unhealthy levels, but at the same time promote growth and competitiveness.Environmental Effects. ... overcome these limits, intimately inventions and discoveries have sought to promote consumption rather than trying to rein in consumption in order to bring consumption (demand) and production (supply) into a state of equilibrium. The economic costs of environmental humiliation are never factored in as they would make products un-competitive.Promote Inequality. The most glaring drawback of consumerism, however, is that it promotes inequality, by siding the gap between the worlds rich, confined to a few countries and the worlds poor, spread out all over the globe. Globally, 20% of the worlds people in highest-income countries account for 86% of total private consumption expenditure - the poorest 20% a miniscule 1.3% (UNDP). As demonstrated by these figures, consumption is a game of the rich. Increased production indeed does not in any way help to ameliorate the pli ght of the poor, but rather to run across the egos of the rich. In economic terms such a pattern is un-sustainable in the long term and go away only result in a social revolution.Since the do of consumption drive most economies world-wide its effects are also global in nature. The ill-effects of consumerism are well-known and documented but economic imperatives oftentimes over-ride more pragmatic considerations in attempts to move towards a sustainable economic model. Consumerism though promoting growth is nevertheless, not only undermining the environmental resource base but it is also exacerbating inequalities.ReferencesShah Anup, Behind Consumption and Consumerism. Retrieved from www.globalissues.org/TradeRelated/Consumption.asp linked Nations Development Programme (UNDP) Human Development Report 1998 OverviewWikipedia, Consumerism. Retrieved from

Business Statistics Term Paper Example | Topics and Well Written Essays - 500 words

Business Statistics - Term Paper ExampleIt is arrogant to note that there power be extra unsettleds which cause movement in the observed variables and these atomic number 18 not taken into key out when analyzing the correlation between the two variables.It is imperative to note that there might be extra variables which cause movement in the observed variables and these atomic number 18 not taken into account when analyzing the correlation between the two variables.Correlation establishes the association between two variables, whereas regression is to establish a numeric connection between the two variables. In other words, correlation answers the questions if two variables X and Y are related whereas regression gives the numerical connection between them.a) Straight Line Regression The regression account is of the form Y = a + b X, where Y is the dependent variable X is the independent variable a represents the y- intercept, i.e., the hold dear of Y when X is equal to zero b r epresents the slope of the regression plication indicating the sensitivity of Y to changes in Xb) Least Squares Method The regression atmosphere can be estimated found on the Least Squares Method. The method is based on the concept that the top hat regression line is the line which is at a minimum distance possible from all the data points) The regression line gives the kinship between the two variables in the form of an equation.d) The least squares method gives us the equation of the line of best fit. It is, however, essential to estimate the reliability or goodness of fit of this regression equation) The coefficient of determination is the square of the value of R (R2). The coefficient of determination is expressed as a percentage. In case R is +1 or -1, the R2 value is 1 indicating a perfect fit or a 100 % fit.

Process Improvement Application and Quality Improvements Assignment

care for Improvement Application and tone of voice Improvements - Assignment ExampleMost organizations use the calibre melioration story, broadly the quality improvement tools to improve service delivery and systems. For example, most hospitals and clinics often stash away and use info about the health services being delivered, and statistically analyze the data to report to health authorities. Quality improvement methods are designed to paper processes and help in improvement of systems. For instance in health care, students will be familiar with the goal of scientific research, but this only helps in discovering new association but they are less familiar with the quality improvement which is aimed at changing performance. Recently medical exam students are always encouraged to join teams undertaking improvement activities. Quality improvement activities require managers to collect and analyze data generated by processes used in the activities involved and measure improve ments. For example, a student cannot study changes in his study habits and the environment he lives in affects him. He will need to data to analyze his study habits problems, and decide the information he needs to measure improvements made by him. Measurement is an central component of quality improvement because it forces managers to look at what they do and how they do it. They commonly use the inwardness quality management tools such as flowcharts, cause and effect diagrams, Pareto charts and run charts. In the past years, quality improvement methods have been emphasized. This includes the identification of a process that has less than ideal outcomes, attaching measures to key performance attributes, analyzing gussy up approaches, integrating redesigned approaches the process and having checks to determine if the process was successful. Apart from total quality management, other quality improvement strategies are international organization for standardization ISO 9000, Zero de fects, Six Sigma and Toyota production system.

The Core Competence of the Corporation Assignment

The Core Competence of the Corporation - Assignment pillowcaseDefinition Core competency Core competency is what a confederation does well (a companys strength), that differentiates it from other similar line of merchandise establishments. M. Tampoe describes core competence as management subsystems which incorporate processes, diverse technologies, resources and knowledge to distribute services and products which would reap unique and sustainable benefits and also add worth to an plaque. Introduction The mentation of core competencies in the organization is one of the most significant business shaping ideas in the endue business world. This is one of the key thoughts that lie behind the present wave of outsourcing, as companies concentrate their attempts in key strong (work) areas and outsource as much as they can of everything else. The opening point for discretion core competencies of an organization lies in understanding that a business in order to acquire approximate po sition in the market requires having something that consumers uniquely value. The most powerful method to succeed worldwide contest is still unseen to many of the business establishments. Here the study talks about the core competencies of the mickle Boom-Bust Construction Ltd. ... The following case study talks about the Boom-Bust Construction Ltd (BBLC). First of all, to understand how to piss up core competencies it is advisable to understand what is and in non a core competency? match to Prahalad, core competencies are not necessary on the subject of outspending competitors on Research &Development, sharing expenses amidst business units and amalgamating vertically. At the same time as the construction of core competencies may be helped by some of these proceedings by themselves, they remain inadequate. What is the topic about? The following study makes an attempt to critically review the article about the core competencies of the corporation (by C.K. Prahalad and Gary Ham el) and application of core competency ethos in business industry. The following case study talks about Boom-Bust Construction Ltd (BBLC), it is a large family building organization owned by Jed Boom. As per C.K. Prahalad, the application of core competency in BBLC might help to let on various new opportunities. Core competencies are inclined to be rooted in the capability to array and incorporate various groups in the company. At the same time as an organization may be capable to hire a group of brilliant scientists with a fragmentizeicular skill, in doing so it does not itself become competent in that skill. But the efficient coordination between every group involved in bringing an invention to the market, can be taken as a core competency of the company (Core competency suggestions by P.J.H Shoemaker, S.T. Walsh & J.D. Linton, M. Tampoe and D.C.Band & G. Scanlan). Criticisms The idea of core competencies was started by C.K. Prahalad and Gary Hamel in the year 1990 as a part of management literature. The two main

Compare columbus two letters regarding his voyages.how are they Essay

Compare columbus two earns regarding his voyages.how are they divers(prenominal) in term of tone and diction.give specific examples that demostrate these differences and supply a reason for the difference - Essay idealThis letter had a lot of exaggeration concerning the number of concurred islands and their wealth. Columbus wrote his letter to Gabriel while still on board the ship at the canaries (Winsor, 1891). Unlike the other letter, this letter described difficulties experienced in their voyage. This letter was also written to show the difficulties the crew had to endure in order to make a prosperous voyage. Unlike the previous letter, this trice letter was written in a less optimistic tone. The second letter was also written from reality and, therefore it lacked exaggeration. The letter written to Louis contained many myths and hence unrealistic.In the letter written to Louis, Christopher talks about having discovered strange islands and communities. He talked of having dis covered an island with fierce man-eating monsters. In his letter to Gabriel, Christopher talked about a storm that they encountered at the canaries and, this indicates the reality in the

Deregulation Act of 1978 Essay Example | Topics and Well Written Essays - 1500 words

Deregulation Act of 1978 - Essay ExampleThe Airline Deregulation Acts inclination was to stop government control over airline industry policies. The control was majorly over routes, fares, and trade initiation of new airlines from commercial aviation. The government approved this Act on 24th October, 1978 and President Jimmy Carter write it into law four days later (Kaps, 1997). Before the Act, the industry was more of a public public utility with a government agency. The CAB Civil Aeronautics Board determined the routes taken by each(prenominal) airline and the prices they charged their passengers. This has changed ever since after the incorporation of the Act which has seen the market shift to a market driven industry. The customer demand determined the level of service and price charge.The deregulation Act came by after several flaws in the airline industry. One of them was the Middle Eastern oil case this lead to a rise in price of fuel lives. This shoot up in fuel cost l ed to price inflation. Another flaw was the development of the wide body aircraft that allowed for carriage of increased capability to different and many routes with one flight. These two cases came when there was an economic fall that led to a filter on the airlines. This fall led to failure in the airline businesses, and rising fuel prices did not instigate the situation at all.The Civil Aeronautics Board in response to this situation and trying to assure reasonable return for the airlines allowed the different carriers to increase fares. It also embarked on a four year wall hanging by the carriers on authorizing new services and approved agreements among the airlines to limit the carriage capacity on particularized routes. The public did not welcome this move with open arms the fares had increased. The airlines also did not see oft change on the Civil Aeronautics Board last decision as through the 1970s their earnings were poor despite the

Psychosis Research Paper Example | Topics and Well Written Essays - 1250 words

Psychosis - Research Paper Example dangerous tendency is more(prenominal) among patients with psychosis. It provide occur as part of psychological diseases much(prenominal) as bipolar disease, delusions, depression, personality disorders, schizophrenia etc. Lots of reasons are cited for the occurrence of psychosis. Heredity, environment and any(prenominal) physical diseases such as HIV, brain tumor etc can play a pivotal character in do psychosis. This paper analyses various dimensions such as causes, symptoms, treatment options etc of psychosis. Causes of Psychosis The exact causes of psychosis are still unknown to the medical examination science. However, psychologists and psychiatrists are of the view that along with biological reasons, heredity and environment as well as play an important role in causing psychosis. It is not necessary that psychosis is caused by one single reason. In many cases, more than one reason is associated with psychosis. Like most of the other psy chological diseases, filter out is associated with psychosis. Tough life situations can often generate intolerable amount of stress. Suppression of stress often results in emotional outbursts or catharsis in the form of psychosis. Being born in the winter months, being brought up in a big city, immigration, childhood head injury, stressful life events and use of street drugs etc are some of the environmental factors which can cause psychosis (What causes psychosis, 2004, p.1). Environment can condition or strengthen some of our behaviors. For example, a person brought up in a city may struggle to adjust with the poor vitality conditions of a rural area. The luxurious life styles of the city need not be available in rural areas. Sudden changes in living standards or life styles can develop frustration and stress which may lead towards psychosis. I have a friend who has developed psychosis when he got employment in a city. He was an innocent person and was unaware of the malpractic es in the city. When he faced challenges from the crooked beau employees, it was difficult for him to adapt with it and subsequently he developed signs of psychosis and forced to resign from his employment. Genetic factors can also contribute to the teaching of psychosis. Our brain receives and sends different information and appriseions with the help of neurotransmitters, transporters and receptors. Genes, the basic building blocks of our DNA, instruct our body in the protein manufacturing process. Genes can commit mistake in the protein manufacturing process which is often referred as mutation. When a mutation occurs in a gene that contains the instructions for a brain protein, like a neurotransmitter, it may contribute to a chemical imbalance in the brain, which is one of the factors in the development of psychosis (What causes psychosis, 2004, p.1) Alcohol and received illegal drugs, both during use and during withdrawal can cause psychosis along with Brain tumors, Dementia, Parkinsons disease, Huntingtons disease, chromosomal disorders, HIV, some prescription drugs such as steroids and stimulants, Some types of epilepsy and Stroke can cause psychosis (Psychosis, 2010). It is proved scientifically that thyroid problems can cause psychological diseases. In short, heredity, environment and biological factors can contribute to the development of psychosis. Symptoms of Psychosis Confused thoughts, feeling about sped up or slowed down thoughts, preoccupation with unusual ideas, belief in other

Investigating Employee Misconduct Research Paper

Investigating Employee Misconduct - Research Paper ExampleThis research will bulge out with the statement that employee ball up is a usual occurrence in many organizations. Employers always hope that cases of employee bollix up will not arise, but they are always proactive in setting a conformance committee. The compliance department takes the critical responsibility for ensuring that all the employees uphold the ethical values defined by the organization. The compliance committee usually receives reports of employee misconduct. After reception of the reports, the committee focuses on investigating the validity of the report claims. The committee also involves profound investigators, who bring their professionalism, ensuring that the misconduct claims receive the attention they deserve. Usually, failure to investigate employee misconduct may reflect negatively on the public image of the organization. Therefore, organizations have to conform to the existing legal frameworks while conducting investigations of employee misconduct. Employee misconduct denotes several acts that contravene the ethical and legal laws that define an organization. Some of the misconducts include revelation of information to the wrong party Misappropriation of assets and resources Unauthorized use of personnel and resources Forging of documents Alteration, mutilation, and concealment of documents countenance or reception of payment for goods not received Disclosure of information to the wrong party wise(p) misstatements Accepting or seeking additional benefits from contractors, vendors, and partners Failure to report misconduct Fraud Different forms of decadence

Auditing-Accsys Technologies Plc Case Study Example | Topics and Well Written Essays - 1250 words

Auditing-Accsys Technologies Plc - Case Study ExampleIt is exposed to overestimation of monetary figures as in the current monetary it has adopted IFRS for the group has a whole and follows UK, GAAP for its refer company. Unlike in GAAP, under IFRS it requires companies to foster financial items at fair market appreciate. If the market value of the asset is more than its written down value, it will lead to overestimation that increases the inherent risk (Carcello & Nagy, 2004).Accsys Technologies Plc has rewrite its accounting circulateing standards from GAAP to IFRS for its group as a whole and not for the parent or subsidiary companies. It adopted IFRS 13 and IAS 1 for the current period. IFRS 13 fair value measurement implies that the value of the financial and non financial items will be recorded in the books at market price which includes inventory, assets, investments, and so forth The change in reporting standard might exhibit highly geared assets i.e. assets might tak e a shit a relative low price in the domestic market compared to the value of its final product.Accsys Plc account a 78% increase in its revenue and the EBITDA margin for its Arnhem plant was 2.4 million compared to a acquittance of .9 million in the last fiscal. The resulting difference in the operating income and loss is a key forefinger of its reporting mechanism than its increased demand in the global market (Accesys Technologies, 2015).In the current fiscal Accsys discontinued its licensing partnership with Diamond Wood China Ltd and as per the order of the tribunal was supposed to reach 1.6 million. It also incurred legal costs of .6 million. Such transactions did not feature in its annual report of 2014 and thus clearly indicates the risk of misstatement i.e. arising out of error or intentional actions (Khurana & Raman, 2008).Accsys Plc is in the practice of recognising solely cost of revenue to the Arnhem manufacturing plant if it cannot be recognised with the licensee.