Process Improvement Strategically Important

Question: Talk about the Process Improvement Strategically Important. Answer: Presentation With the adjustment in advertise condition, overseeing tasks has changed immensely in both assembling and administration associations. After the monetary downturn endured by significant economies of the world, the focal point of business associations have extended from research, advancement and item improvement to their activities and procedure. To draw clients, associations are centering towards their novel market contributions, yet in addition towards their tasks and procedures as a wellspring of upper hand and give their clients the advantage of diminished costs (Power, 2010). Value wars are presently normal among associations having a place with comparable industry. Subsequently, activities and procedure the board has increased key significance for administrators in current business situation. Amazon.com, Inc. established in 1994 as Earths greatest book shop has extended to become Earths greatest everything store. With the yearly income of $136 billion, the organization is concentrating on extending its item, administrations and market reach with the assistance of its ease and high comfort coordinations activities (Morning Star, 2017). The organization offers a web based buying stage for books, films, home goods, array and other endless items on a worldwide scale. It works through International, North America, and Amazon Web Services (AWS) sections. Notwithstanding giving a stage to makers to sell their items, it additionally produces and sells electronic things (Vault, 2017). Vital Role of Operations Management Tasks the executives guts overseeing exercises pointed towards creation and conveyance of items and administrations to the associations end customers. It contains every one of those exercises required to satisfy client prerequisites directly from sourcing the crude material or different items from providers to moving the completed merchandise to the clients. While tasks the executives is dependable to guarantee that the help exercises are completed in a way that they help in smooth working of association, it works in amicability with the other two center authoritative capacities viz. showcasing and money, for accomplishment of more extensive hierarchical needs (Slack et al., 2013). Be that as it may, with progression in innovation, decentralization of activities, globalization of business sectors and expanded awareness among associations towards ecological issues, associations are refining and reclassifying their creation and quality procedures in this way tenderizing tasks the board at the front line (Gunasekaran and Ngai, 2012). The changing business condition like increment in cost-based rivalry, huge number of decisions, top notch desires, moral affectability, and so on is forming new operational objectives for organisations. In that capacity, associations are provoking operational reactions to these progressions through globalization of their activities systems, flexibly chain the board, embracing lean procedure structures and incorporating data based advancements in their tasks (Slack et al., 2013). This has situated activities and procedure the board as a zone of key significance for associations to increase serious edge. Thus, associations are receiving strategies like gracefully chain the board, all out quality administration and others to effectively interface their inward capacities with tasks of outer providers and flexibly affix individuals in order to upgrade their item and administration quality alongside business execution (Agus and Hajinoor, 2012). While activities and procedure the executives has increased vital significance from the association point of view through utilization of various procedure systems that help cost minimization and asset streamlining, it is additionally increasing comparative significance from client viewpoint. Tasks are presently enhanced with enthusiastic smart and calculations as passionate procedure mapping, venture mapping and experience maps that permit associations to cut tweaked understanding for its clients (Edelman and Singer, 2015). This facilitates encourages association to become client driven subsequently prompting high client commitment, great experience and upgraded faithfulness. Tasks the board at Amazon.com B2C online retail location and making an incentive that prompts unmatchable client experience lies at the core of Amazon.com. In that capacity, the organization has utilized Toyotas lean administration standards, Six sigma, mechanical autonomy, information examination joined with client bits of knowledge in its activities, to convey extraordinary web based shopping experience to its clients (Wohlsen, 2014). As an online retailer, the fundamental exercises at Amazon incorporate stocking the things at Amazons gigantic distribution centers known as satisfaction focuses. When a request is gotten, the item is found, stuffed and moved for conveyance. In any case, Amazon has joined innovation and standard of activities the board to carry out this responsibility in a way that guarantee least blunder as well as decreased lead time. The organization utilizes scanners and trackers to follow the item area in distribution center, PC programs are utilized to create briefest course to pick the item at least conceivable time. Transport lines are utilized to move things over the floor, PC helped pressing territory decides ideal box size, bundling material and tape to be utilized to pack the items. The containers are again stuffed in a way to augment the space utilized inside the load territory. Accordingly, the utilization of innovation has helped Amazon to lessen the process duration to 15 minutes (Bixby, 2015). Amazon has received both the standards of lean administration and six-sigma to produce client esteem and give palatable experience to its clients. Lean administration might be characterized as a methodology that amplifies client esteem through limiting waste. It moves the focal point of the executives to advance the progression of items or administrations all through the worth stream consequently making forms that require less human and capital assets (Bamford and Forrester, 2010). At Amazon, the execution of lean administration was attempted at its satisfaction communities through robotization. Therefore, the perplexing undertakings were held for people and machines went about as an emotionally supportive network. This permitted the organization to deliver imperfection free bundling of items just mechanizing the tedious strides of the procedure. It additionally executed Kaizen to boost efficiency and nature of its administrations (Onetto, 2014). Amazon has grasped Six Sigma approach in its activities and procedures to guarantee the nature of its administrations through decrease of mistakes. As a piece of its Six sigma activity, it utilizes process mapping that shows diverse procedure of the organization with the assistance of stream diagrams and assists with recognizing wasteful aspects the tasks and procedures. This further aides in accomplishing improved consumer loyalty when the utilization of administrations (Crosson and Needles, 2011). Further, Amazon.com utilizes an undertaking asset arranging framework that underpins its tasks as well as its money related and the executives exercises. The ERP utilizes information from various assets that permits the organization to pick up information on various exercises and activities like stock administration, flexibly chain, and others completed at the organization for persistent improvement all through the association (Crosson and Needles, 2011). In spite of the fact that these operational administration standards are to a great extent answerable for Amazons achievement, the organization likewise confronted difficulties in their usage and production of profoundly complex programming projects to help the lean, six-sigma and kaizen forms. The companys designs despite everything face issues in incorporating various execution markers in their frameworks that devours time, endeavors and different assets. In any case, the blend of innovation, information examination, activities the executives standards and ERP contributed in speeding up administration, cost decrease and immense market offering that prompted making of upper hand as far as quick expectations, low worth estimating and tremendous scope of offering. Great Process Design: Important Factors For smooth running of an association, the significance of good procedure configuration can't be sabotaged. A decent procedure configuration reflects process destinations and guarantees the accomplishment of authoritative goals with the assistance of procedures. It is portrayed by properties like quality, speed, steadfastness, adaptability and cost. A procedure having these qualities is exceptionally advanced procedure as it involves low handling cost, low asset costs, low working capital expenses, on-time benefits, short client pausing, less disturbances and capacity to adapt to startling changes (Slack, 2008). At Amazon, the solid coordinations and flexibly chain forms are the significant determinants of client experience. The blend of robotization and HR in its procedures guarantee mistake free administrations. On the retail front, the site plan, usefulness, personalisation and buy biological system offer driving class speed and simplicity of buying. Further, the organization produces client commitment by empowering them to follow their conveyance and permitting them to choose in the conveyance date, time and installment choice. Every one of these procedures mean make client experience and results that are significant. Passionate Process Mapping and Customer Experience Map A significant part of planning great procedure is mapping the procedure that are required to be finished in the association to convey the last great to the client. It likewise assists with guaranteeing that exercises that make a specific procedure are appropriately comprehended and figured out how to convey proper administrations to its clients (Accounts Commission, 2000). Amazons process map is given as follows: Nonetheless, throughout the years, the idea of procedure mapping has advanced to incorporate feelings along these lines furnishing them with a client point of view. In that capacity, custo

Music Festivals You Dont Want To Miss This Summer

In the event that you couldn’t make it the Ultra Music Festival or Coachella this year, there’s no compelling reason to freeze since summer is here! There are sufficient concerts to take into account all your musicals impulse.Sweetlife, May fourteenth Columbia, MD On the off chance that you haven’t knew about it previously, Sweetlife is a one-day performance in Maryland with an extraordinary open air environment and incredible food. For all understudies in the DMV region, this is an extraordinary alternative to praise the finish of finals! Or on the other hand, if you’re not done at this point, it’s likewise a decent method to take a break from considering. See line up here. BottleRock Napa Valley, May 27th - 29th Napa Valley, CA Since it’s in Napa Valley, you know BottleRock isn’t pretty much the music. Going to the celebration additionally concedes you the chance to appreciate the best of Californias outside, food, wine and mixes. On the off chance that you go to class in any of the neighboring UCs or Stanford, ensure you get tickets and commend the start of summer! See line up here. Governer’s Ball, June third - fifth Randall’s Island Park, NY East coast presents to us an exceptional concert on Randall’s island. This year they have a lineup you can’t state no to. With highlighted specialists like The Strokes, The Killers and Kanye West, you’ll get the opportunity to hear music from such a large number of various classes. Besides, summer in NY is much more fun than winter in NY. Bonnaroo, June ninth - twelfth Manchester, TN One of the greatest concerts in the South, Bonnaroo is an encounter you won’t overlook. It will be ideal to go with companions and focus on rising at the concert area. In addition to the fact that it features music exhibitions, there will be comedic goes about also! See line up here. EDC Vegas, June seventeenth - nineteenth Las Vegas, NV You’ve knew about them all. EDC has held performances in LA, Chicago and even in the UK! On the off chance that you’ve never been to any of different areas, the one in Las Vegas is likely THE one to go to. Its one of the greatest and the first. Dont neglect to represent how much amusement esteem the Vegas experience itself includes. See line up here. Lollapallooza, July 28th - 31st Chicago, IL Tune in to a wide range of music? At that point Lollapallooza is for you! This concert highlights elective stone, underground rock, substantial metal, pop, hip jump and EDM. On the off chance that you have a temporary job in the Midwest, or you’re taking summer classes at Northwestern or UChicago, this will excessively simple for you to get to! Discover lineup here. Outside Lands, Aug fifth - seventh San Francisco, CA Envision a concert in a goliath city park. That’s precisely what Outside Lands is. Its held inside the notorious Golden Gate Park in San Francisco. Not at all like other SoCal celebrations, you’ll get the chance to appreciate the mid year breeze in SF. (How great doesn't managing sweat-soaked groups sound) Don’t overlook it’ll additionally highlight some of SFs best nourishments! See lineup here. FYF, Aug 27th 28th Los Angeles, CA FYF is an option to Coachella. It highlights a wide range of sorts and frequently features a great deal of underground, best in class music. It’s somewhat more serene than Coachella is, along these lines, if youre intrigued by a more mitigated vibe and downplayed scene than Coachella, look at the lineup here! Made in America, Sept third fourth Philadelphia, PA Summer flies by so rapidly, so make the most out of Labor Day weekend with Made in America. Regardless of whether school has just begun for you, you’ll still have the option to make it over the long end of the week, particularly if Philly is effectively open for you. Those of you atUPennand Temple, theres no purpose behind you not to blend with other music sweethearts in the City of Brotherly Love! Discover whos playing here. Electric Zoo, Sept fourth - sixth Randall’s Island, NY On the off chance that you’re an enormous EDM fan, end your late spring with a blast at Electric Zoo! EZoo is notable for drawing out the greatest names in EDM. On the off chance that you missed Governors Ball, EZoo offers one more opportunity (alright progressively like reason) for you to visit NYC and press in one final celebration before school truly kicks in! See which DJs will be there. ​Need cash to support a portion of these concerts? Offer your and make a profile with your past effective school application! Get paid for showing preemptive kindness and helping future candidates with the school confirmations process.

Hepatitis B Example

Hepatitis B Example Hepatitis B â€" Assignment Example > Hepatitis BHepatitis is the inflammation of the liver, resulting to swollen and tender liver (Everson and Weinberg, 2002). That is, there are many inflammatory chemicals being produced and released in the liver which damages the liver cells or hepatocytes. This disease can be diagnosed even of a mild degree through blood test and laboratory analysis on the level of liver enzymes. Elevation in the level of the liver enzymes will mean that there are some degree of liver inflammation occurring. Long-term alcohol intake, toxic chemicals, poisons, drugs or medicines, improper diet, fatty deposits in the liver, autoimmune diseases, non-viral infections like Q fever, and various viral infections including glandular fever and some diseases of the biliary system may cause non-infectious hepatitis. Infectious etiology includes viruses, which attack liver cells. Viral hepatitis includes hepatitis A, B, C, D, E, F and G (Cronin, 2005). Other viruses of both new and old varieties can also atta ck the liver such as Epstein Barr virus and the Cocksackie virus (Sandler et al. , 2002). Hepatitis B is caused by infection with the hepatitis B virus (HBV), (Cronin, 2005) noted that among the many forms of viral hepatitis, Hepatitis B is the most easily spread (contagious) form. Hepatitis B is also present world-wide with many people being the carriers. The virus is infective but there are no symptoms of the virus. There are an estimated of over 300 million carriers around the world. (Adefovir, 2006). Less then half of those with acute HBV infections are typically asymptomatic, they may be infected but have no symptoms. The symptoms of Hepatitis B infection is that after initial contact with the virus symptoms, take on average, around 60 to 90 days to develop (Cronin, 2005). Adults will develop symptoms that vary in severity from mild to severe. One of the early manifestations is low-grade fever accompanied with headache, nausea and vomiting, anorexia and fatigue. Skin rashes, joint pains, muscle aches, diarrhea and constipation may also occur. As the disease progresses, a constant discomfort on the right upper quadrant under the rib cage are felt as the liver becomes inflamed. The defining sign of hepatitis which is jaundice, usually presents after other symptoms begin to resolve (Cronin, 2005). There are two types of Hepatitis B infection: acute (short-term) or chronic (long-term). (Cronin, 2005) stressed that an acute infection is self-limiting, or heals by itself without treatment. Some people are asymptomatic. Those who present symptoms of HBV infection recover fully after 4-8 weeks. An infected person is no longer contagious once the acute infection is over and it guarantees lifelong protection against future infection because of the antibodies developed against HBV. In a small percentage of people, the HBV continues to remain in the liver and blood for 6 months or more, leading to chronic HBV infection. These people are known as carriers and they can easily spread the virus as long as the condition lasts. Estimates suggest that 400 to 500 million people worldwide are HBV carriers (Adrienne M Buggs and Joseph K Lim, 2006). The morbidity and mortality rate in chronic hepatitis B is significantly high. The risk of developing cirrhosis and hepatocellular carcinoma (liver cancer) is associated with chronic hepatitis B because it silently damages the liver as the years go by (Hoofnagle, 2002). (Adrienne M Buggs and Joseph K Lim, 2006) emphasized that an estimated 20% of the total deaths per year in the world accounts to viral hepatitis-induced liver disease.

Modernization And Development Towards Democracy - 1544 Words

This research paper uncovers the study of modernization and how it correlates to political development towards democracy. First, it examines the development and origins of the modernization theory that encompass a number of explanations that connect economic, social and cultural changes with shifts in political systems. Modernization puts forth the idea that economic development will lead to cultural and social changes that transform the political behavior of a country’s citizens that can ultimately lead to democratic governments. Subsequently, the paper moves to the empirical evidence supporting the modernization theory and critiquing the theory’s broader applicability. Some critics would suggest that certain types of economic development could actually destabilize society, rather than progressing the cultural and social components that provide the starting point for democratic societies. Meanwhile, others have advocated that wealth does not explain the emergence of de mocracy, and that the likelihood that a country remains democratic is higher in richer countries. Finally, it will look into future avenues in research on the correlation between political development and modernization. Modernization theory refers to a set of explanations that link economic development and social changes with the type of political regime that emerges. As countries economically modernize, they shift from agricultural to industrial societies. Industrialization results inShow MoreRelatedModernization Of The Chinese Government And Democracy Essay1484 Words   |  6 PagesModernization of the Chinese Government and Democracy In the past 35 years, China has experienced significant transformation and modernization of its democracy and governance. This modernization process was brought by the death of Mao Zedong, the founding father of the People’s Republic of China and the Chairman of the country’s Communist Party since 1943. Prior to his death, Chairman Mao had started a Cultural Revolution in 1966 in attempts to revive socialism in the country and eliminate capitalisticRead MoreModern Society : Democracy And The Modernization Theory1414 Words   |  6 PagesIn modern society reaching democracy is a number one goal for many states. They like to reach it for plenty of reasons, civil and economic. First of all democracy is associated with wealth, a good material situation, and economic growth. We can clearly see it on example of The United States or large European democracies such as Germany or France. It is also believed that democratization brings high living standards, peaceful environm ent and overall happiness to the state; and The United States andRead MoreEconomic Theory, Democracy, and the Progressive Church690 Words   |  3 PagesEconomic Theory, Democracy, and the Progressive Church The overriding difference between modernization theory and dependency theory is that where modernization theory contends that there are universal practices that result in economic success, dependency theory states that poor countries are subordinated by wealthier ones in order to maintain the status quo. To this end, modernization theory involves the belief that by adopting principles of wealthy nations, such as technology and mass cultureRead MoreModernization Theory And Development Of Human Beings1463 Words   |  6 Pagesessential for the development of human beings. In order for individuals to be free, societies must guarantee a healthy environment which enables citizens to be governed by leaders that represent their interests. The system of government which allows for this is democracy. But democracy, which is a term that comes from the greek demos and kratos â€Å"rule of the people†, will only thrive under appropriate conditions. Modernization theory claims that econ omic and technological development are the factorsRead MoreModernization Of The Nation s Government And Democracy Essay1478 Words   |  6 PagesChina became a capitalist, which resulted in modernization of its government and democracy, through the first two decades of reform after Chairman’s Mao death. These major reforms that redefined and shaped the nation’s government and democracy include†¦ Revitalization of State Sector and Socialism As previously mentioned, Chairman Mao had commenced considerable transformation of China through the Cultural Revolution and socialism a decade before his death. During the post-Mao era, one of the majorRead MoreThe Sociology of Development: Case Study of Myanmar1247 Words   |  5 Pagesï » ¿The present papers aim is to consider the sociology of development as illustrated in the case study of Myanmar, with special focus on the causes of underdevelopment that can be correlated with the modernization and dependency theories, along with comparing the country of study with U.S.A. in terms of democracy, and finally offering insight into the close relationship between state and religion. 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After 1978, Mao’s successor Deng and other leaders focused on market-oriented economic development and by 2000, output had quadrupled. Therefore, after 1978, China changed the system of government to allow more freedom for citizens instead of the total control over citizens by the coercive mobilization.For much of the population, living standardsRead MoreModernism And Postmodernism1207 Words   |  5 Pagesmodern day have become skeptical about the emancipatory potential of modernity but Habermas still believes and continues to insist on the idealistic utopian potential of modernity as the â€Å"child of enlightenment†. As modernism take has influences from democracy and reason, Habermas sees it as an unfinished project. By this Habermas is trying to state that there is still so much to be done in the domain of modernism before contemplating a move to the post-modern world. Marx influenced Habermas as he hadRead MoreEssay: to What Extent Was Japan Modernized by 1920s?1024 Words   |  5 PagesEssay: To what extent was Japan modernized by 1920s? Modernization is a process by which human beings progress in political, economic, social, intellectual and military aspects for the betterment of society as a whole. In the early 20th century, Japan achieved different levels of modernization in political, social, economic and cultural aspects. Although Japan still kept many traditional beliefs, it was the most modernized country in Asia at that time. Here, I will evaluate to what extent was

Prioritizing Mental Health Service Provision Within...

Prioritizing Mental Health: Service Provision in Arizona’s Public Schools The transition from childhood to adolescents introduces several challenges to youths’ socio-emotional, relational, and mental health. Ranging from poor self-esteem, to friendship and family friction, to depression and anxiety, all of these challenges constitute a significant need for psychosocial and emotional support. Failure to provide such support has been associated with physical and behavioral co-morbidities that affect health and wellbeing across the life course. The purpose of this paper is to expose the current public health crisis surrounding the lack of mental health services available to students in Arizona’s public schools. After providing a general†¦show more content†¦Background Mental health, like physical health, is not merely the absence of disease or mental disorder. Rather, mental health encompasses emotional, psychological and social well-being, ensuring that individuals are capable of: navigating life’s complexities, developing fulfilling relationships, adapting to change, using healthy coping mechanisms, and achieving their potential (CDC, 2013; Osius Rosenthal, 2009). Mental Health in Children and Adolescents The provision of mental health support for children and adolescents is imperative for their healthy psychosocial, emotional, and physical development. Approximately 5-9% of all school-aged children and 10-20% of all adolescents have mental health problems (Kotch, 2013; American Academy of Pediatrics, 2015). Prevalence of disease does not vary significantly across race or ethnicity, however an association does exist between poor mental health and low-income communities (Oisus Rosenthal, 2009). The transition from childhood to adolescence marks a stage in development wherein one might expect to see higher rates of mental health issues, especially in the forms of anxiety and depression (Hill Lynch, 1983; Osius Rosenthal, 2009). During this period, youth are gaining autonomy and trying to determine who they are and how they fit into their social realities; while their bodies and brains simultaneously undergo extensive development and their social

Caring for the Elderly and Their Views on Aging Free Essays

Caring for the Elderly and their Views on Aging Kesha Edwards ECPI University Nursing 111 Mrs. Shaffer June 8th, 2012 The purpose of this report is to investigate the ageing and life of Ms. Rose Brown, who happens to be one of my residents at the nursing home I am currently employed at; how she feels about ageing in today’s society, and also what she has learned and what she would have done differently. We will write a custom essay sample on Caring for the Elderly and Their Views on Aging or any similar topic only for you Order Now She is 67 years-old, and lives by herself. With this report, I intend to learn about her life condition and, as well suggest and inform her ways to improve her life. After spending two afternoons interviewing Ms. Brown, I gained some knowledge on how she perceives the aging process and the impact on the quality of her life. Firstly, she assured me that she views aging in a very positive and healthy way. Ms. Brown first stated that aging itself has a bad reputation, but all isn’t bad. â€Å"The best thing about aging is the experiences one can acquire and share with younger people. She believes that, a positive attitude and assists in accepting oneself and the physical and psychological changes. She enjoys the fact that, she is physically fit and cognitively alert. She is positively sure that with the advances made in a health care, the quality of her life will be granted. Also, she enjoys the benefits of being a senior citizen, including discounted travel and fares, lower cost Medicare. Over all, the spare time to do what she loves. However, when I mention about a long term care, such as Nursing home, if for any instance she ever considered going to a nursing home for a better assistance; she paused for a moment, as if was something that made her really sad. She replied that, she has no regards on going to a nursing home, in her opinion; nursing home is a place where she would feel isolated of the world and her close friends. Most important, she would feel useless, being in a place that people would do everything for her. Secondly, she is afraid to be neglected and mistreated. Many times she asked herself, will I be happy? Will I be alone or surrounded with happy people? Will I be cared? I also shared with Ms. Brown about different topics concerning elderly, in particular, ageism, social network, and caregiving. On my second interview with Ms. Brown, I decided to bring my Gerontology notebook â€Å" Aging, the Individual, and Society†, so I could share with her some facts about aging, elderly, how society views it, and most important. From the book, we look up about Ageism, I asked her, what she had to say about it and if she ever felt discriminated for being old. She had a positive response to that, she told from the 25 years she had been leaving here, younger generation have always respected her, and generous to her. We also read chapter 4† Physical Health and Wellbeing†, leaving by herself it important to know about being self-sufficient, we cover chapter 5 â€Å"Mental Health†, â€Å"Finances and lifestyles†, chapter 9, statistically speaking, women’s financial needs are different from men’s. Women live longer than men, most often; they see themselves leaving in an income below average. Lastly, we read chapter 10 â€Å"Living Environment†, and â€Å"The Oldest-old and Caregiving†, on chapter 11. One of my concerns with Ms. Brown was the fact that she was leaving by herself. What are some problems that the elderly may face living alone? I think the greater concern would be loneliness, anyone who has been married for a long time, and now faces widowhood, certainly will miss their mate. Other concerns are, not eating properly; vulnerability to strangers, unable to maintain a household, forgetting to take their medicine, unable to walk outside without help, and the list goes on. As a caretaker at the South Richmond Adult facility, a couple of major challenges facing our facility include; the increased rules and regulations, the increasing burden of Documentation and Paperwork, understaffing and having enough sub-acute trained nurses and quality therapists; seeing that I often have ten to twenty residents because of the understaffing issue, and treating increasingly difficult patients with reduced reimbursements and insufficient funding. Besides my children, two of my most significant accomplishments to date would have to include obtaining my CAN and working in this field for the past six years, and finally making the decision to attend college and obtain my Nursing Degree. A couple of my strengths as being a caretaker would include my communication skills, which I believe are great and benefit me in my everyday career. I enjoy speaking with patients nd families whenever possible. I even spend the day with some of my residents on my days off. I have come to believe that a close friendly relationship is very important with the families as well as the patients as they are coping with ageing of someone close and all the health issues that follow. Also, my organizational skills are very important to me as well as my fellow co-workers. Remaining organized and scheduled allows for a smoother day. I have come to believe that my greatest weakness is finding it challenging on occasions to separate my feelings from my career. My views on ageing are that it can be a beautiful thing. If you take care of your body at a young age and eat healthy, when you become older it won’t affect you as much. With age comes wisdom, so once you become a certain age, you have done a lot in life and you have the knowledge and wisdom to pass on to younger people. How to cite Caring for the Elderly and Their Views on Aging, Papers

Literary Studies Vocabulary Unit 2 Poetry Flashcard

Literary Studies Vocabulary Unit 2: Poetry

Individual Performance Appraisal Paper

Individual Performance Appraisal Paper Introduction Individual performance appraisal is a way of evaluating the level of an employee’s performance in workplace. In healthcare, the 360-degree feedback is the commonly used individual performance appraisal tool; also known as multisource assessment or multi-rater feedback because it can involve external organizations in some cases. Advertising We will write a custom research paper sample on Individual Performance Appraisal Paper specifically for you for only $16.05 $11/page Learn More Any appraisal system should be â€Å"relevant and applicable to everyday work, acceptable and fair, and a mutual collaboration between workers and employers† (Duraisingam Skinner, 2005, p. 2), and 360-degree feedback is not different; it meets all these requirements. As the name suggests, 360-degree is an all-round system that encircles an employee with feedback coming from supervisors, peers, or subordinates. In some cases, individuals carry self-asses sment while in other instances outside sources like customers are involved in the evaluation process. After getting the feedback from the involved parties, the evaluator uses this information to plan training, make administrative decisions, or make developments among others functions. The 360-degree feedback tool operates in a simple manner. An organization is required to form small groups of workers within different departments to fill in essay questionnaires, a task that takes less than 20 minutes. After carrying out the survey, the results are sent to an external organization, which conducts an analysis of the information provided, and gives a feedback. The external organization/company then sends the analyzed information back to the evaluating company after which it calls for employee meetings to discourse the report and come up with ways of improvement by either designing training programs or any other improvement strategies. This is relatively cheap method; nevertheless, it h as both merits and demerits. Merits and Demerits of this Tool This method has several advantages. The 360-degree appraisal method provides a wider view of worker’s performance as compared to the other appraisal tools (Atkins Wood, 2002, p. 875). This is true given the nature of its evaluation; there are many people involved in the assessment and this may run from top management to peers thus allowing all-rounded assessment â€Å"It is more comprehensive than other appraisal methods since they may only need the manager to do the evaluation† (Seifert, Yukl, McDonald, 2003, p. 565). This appraisal method increases the believability of the appraisal result. The many people used in this assessment reduce chances of unfair assessment. Biases are minimized for not all people can be biased towards an individual hence making it a credible tool. Therefore, some administration decisions like promotion are done on merit.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Given the fact that this tool involves one’s peers, the individual under evaluation can enhance his/her personal self-development. This factor emanates from the fact that an employee spends more time with his/her peers than his/her manager; therefore, any form of appraisal will be positively taken without the notion of bias. In such situation, the employee under evaluation will most likely embark on a self-development program for he/she will know the results are true. Finally, through 360-degree feedback, employees get the chance to air their views and complain without following the normal bureaucratic complaint chain (Seifert, Yukl, McDonald, 2003, p. 565). Employees can indicate their complaints when filling in the questionnaires and this eliminates normal and long procedures of airing complaints. On the other side, there are also few demerits of this system. This is a time consuming exercise. The element of including numerous people in the process implies more time consumption thus eliminating the possibility of frequent appraisal exercises. This system may yield cynicism and suspicion in workplace (Smither, London Reilly 2005, p. 39). Management may fail to cooperate in the appraisal process hence undermining their authority. Staff members may become de-motivated if they do not get positive appraisals from their workmates. This calls for an honest environment, which may be lacking in many institutions. This system poses the risk of revealing confidential information to other companies (Pfau Kay, 2002, p. 56). This factor comes because of outsourcing the analysis stage of the evaluation process. The external company receives all the information about a given company and this is dangerous in confidential matters. Effects on Employees This personal performance management system draws mixed reactions from employees. These reactions are tied in t he merits and demerits of the same. If well implemented, employees serve customers well and become gratified by their work. Employees are able to know their performance quite well if they take 360-degree feedback results positively. If employees choose to focus on the positive side of the results then they can develop themselves quickly by working on their weak points as indicated in the results. Areas where an employee scores poorly are areas that call for attention and improvement and by so doing, personal performance improves significantly. Nevertheless, some employees will fail to admit the results and resort to complaining citing sabotage. Advertising We will write a custom research paper sample on Individual Performance Appraisal Paper specifically for you for only $16.05 $11/page Learn More In this case, the effects will be debilitating and personal performance may drop significantly due to loss of focus and self-confidence among other issues associa ted with negativity. Therefore, the effects of this system on employee depend on how the employee in question views and responds to the results. Effects on Departmental Performance The effects of this appraisal method on departmental performance are similar to that of individual performance. This is true given the fact that individuals make departments and the outcome of any appraisal depends on how people in those departments view the results of the same. However, these appraisal effects falls on the departmental heads feel they are responsible of running departmental matters. Therefore, any effect at departmental level will be determined by the perception of departmental heads towards the 360-degree appraisal system. According to Full Circle Feedback, (2004), the entire department will then ‘react’ to the head’s perception; if it is positive, it will build the department but if it is negative it will call for drastic measures causing tension within the involv ed department in most cases. Improvement Suggestions/ Conclusion Taking into consideration the challenges facing this system, people may consider using technology to avoid the issue of time wastage. Designers of questionnaires may decide to do it online. Moreover, institutions should consider encouraging individuals not to personalize appraisal results but to work on them for they are honest. However, this calls for honesty and openness in the whole process. The 360-degree feedback system is an all-round appraisal system involving several individuals who fill questionnaires concerning different issues. After filling in the questionnaires, they are sent to an external company for analysis before coming back to the evaluating company for discussion. This system has both merits and demerits; like offering wider view of employees performance and time consumption respectively; nevertheless, incorporating technology and promoting honesty could solve some shortcomings of this system.Adve rtising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Reference List Atkins, P., Wood, R. (2002). Self-Versus Others Ratings as Predictors Of Assessment Center Ratings: Validation Evidence for 360-Degree Feedback Programs. Personnel Psychology, 55(4), 871–904 Duraisingam, V. Skinner, N. (2005). Performance Appraisal. In N. Skinner, A.M. Roche, J. O’connor, Y. Pollard, C. Todd (Eds.), Workforce Development Tips (Theory into Practice Strategies): A Resource Kit for the Alcohol and Other Drugs Field. National Centre for Education and Training on Addiction (Nceta), Flinders University, Adelaide, Australia Full Circle Feedback. (2004). 360 Degree Feedback. Retrieved From, Http://Www.Fullcirclefeedback.Com/Our-Services/360-Degree-Feedback-Explained.Htm Pfau, B. Kay, I. (2002). Does 360-Degree Feedback Negatively Affect Company Performance? Studies Show That 360-Degree Feedback May Do More Harm Than Good. What is The Problem? Hrmagazine, Jun 2002. 47, 6; 54–60. Seifert, C., Yukl, G., McDonald, R. (2003). Effects of Multisource Feedback And A Feedback Facilitator on the Influence of Behavior of Managers Toward Subordinates. Journal of Applied Psychology, 88(3), 561–569. Smither, J.W., London, M., And Reilly, R.R. (2005). Does Performance Improve Following Multisource Feedback? A Theoretical Model, Meta-Analysis And Review of Empirical Findings. Personnel Psychology, 58, 33–66

October Writing Prompts for Classroom Journals

October Writing Prompts for Classroom Journals October begins with students and teachers still happily enjoy the summer holidays and ends with the excitement of heading back to school. Feel free to use these writing prompts for each day in October as daily warm-ups or journal entries. October Holidays Adopt-a-Shelter-Animal MonthComputer Learning MonthFamily History MonthNational Dessert MonthEnergy Awareness Month Writing Prompt Ideas for October October 1 - Theme: World Vegetarian DayAre you a vegetarian? Why? If not, would you ever consider becoming one? Why or why not?October 2 - Theme: Peanuts Comics Strip First PublishedWhy is your favorite character from Peanuts: Charlie Brown, Snoopy, Linus, Peppermint Patty, or another character? Explain your answer.OR October 2- Theme:  International Day of Non-ViolenceNon-violence has been used to bring about social change.Read up on Gandhi. What social change would you suggest should be brought about?October 3 - Theme: Family Television DayIs there any television show that you watch together as a family? If so, what are they? If not, explain which TV show is your favorite.October 4 - Theme: Toot Your Own Flute DayWhat is something that you are really proud about? What are you good at? For todays writing assignment, brag about yourself.October 5 - Theme: Fast Food (Ray Krocs Birthday)What is your favorite fast food restaurant? Why?OR October 5 - Theme: World Teachers DayEstablishe d by the United Nations Organization for Education, Science and Culture (UNESCO) in 1994.Write a teacher from your past (or present) a heartfelt â€Å"thank you† letter or card. October 6 - Theme: Thomas Edison Showed the First Motion PictureExplain how movies have changed the world OR consider the economics of the motion picture industry (MPAA).   What is the significance of this industry that employs roughly  2.1 million jobs while paying out $49 billion to local businesses across the country?October 7 - Theme: Computer Learning MonthAre you a gamer? A coder?  On a scale of 1-10 with 10 being the highest, how would you rate your skills using a computer?October 8 - Theme:  Columbus Day  -(celebrated)Should Columbus Day still be celebrated as a national holiday?Explain your answer.October 9 - Theme: Explorer Leif Erikson DayCelebrate the explorer who found America!No, not Columbus. The other explorer, the Viking, Leif Erikson, who beat Columbus by 400 years. Why do you think we do not celebrate this explorer?October 10 - Theme: Cakes (Cake Decorating Day)If you could have any cake for your birthday, what would it be?Describe the type of cake, the t ype of icing, and how it would be decorated. October 11 - Theme: Eleanor Roosevelts BirthdayEleanor Roosevelt was born on this date in 1884. She is considered one of the most influential First Ladies. In your opinion, what kind of influence should the First Lady have on the government?October 12 - Theme: Indigenous Peoples Day (traditionally Columbus Day)Indigenous Peoples Day  began as a counter-celebration to  the U.S.  federal holiday  of  Columbus Day.   Indigenous Peoples Day is intended to celebrate North and South American peoples, and to bring attention to  Native Americans who  continue to practice their cultures today. Do you know which indigenous peoples are associated with your town, city, or state?October 13 - Theme: Train Your Brain DayAre you a fan of crosswords, sudoku, or other mind games? Why or why not?OR  October 13 - Theme: National MM DayThere are over 340 million MMs produced daily.Which  is your favorite kind of MM candy? (plain, peanut, etc) If they had to invent a new MM, what would you suggest?October 14 - Theme: Chocolate Covered Insect DayThe  U.N. Food and Agriculture Organization notes that  there are more than 1,900 edible insect species on Earth. Insects may be one way to feed the world population in the future.Would you ever consider eating a chocolate covered insect? Why or why not? October 15 - Theme: National Poetry DayT. S. Eliot said, Genuine poetry can communicate before it is understood. What do you think he meant by this?October 16 - Theme: Dictionary DayBased on the life and times of Noah Webster of the Merriam-Webster Dictionary, this day celebrates words. Over 800 words are added annually to our language.  Look up some of the new additions or make a suggestion for the adoption of a new word.October 17 - Theme: Wear Something Gaudy DayDescribe the gaudiest outfit imaginable. Would you wear it?OR October 17 - Theme: Chess​In 1956, a 13-year old Bobby Fischer won the a chess match against the   26-year-old champion Donald Byrne  in what is called the chess Game of the Century.Do you play chess or other strategy games (board or video)? Do you think age makes a difference in who is a champion in a game of strategy? Why or why not?October 18 - Theme: Adopt-a-Shelter-Animal DayAccording to the ASPCA, approximately 6.5 million companion animals en ter U.S. animal shelters nationwide every year.If you were to buy a dog or cat, would you go to a shelter to adopt one or buy from a breeder? Explain your reasons. October 19 - Theme: Thomas Edison Demonstrated the Electric LightA survey taken at the end of the 20th Century found that Edison was the most influential figure of the millennium..... Do you agree or disagree?   Describe at least five things that would be different about life if there were no electric lights.October 20 - Theme: Sweetest DayDescribe at least three nice things that you can do for someone you care about.October 21 - Theme: Reptile Awareness DayReptiles can an  alternatives for people who are allergic to furry  or feathery animals. There are some drawbacks, however, as there are many species of  Ã‚  reptiles that will bite. Some species are venomous.Would you own a snake or other reptile as a pet? Why or why not?October 22 - Theme: National Color DayWhat is your favorite color? How would you describe your favorite color to a blind person?OR October 22- Theme: RiskOn  this day in 1779, the French balloonist Andrà ©-Jacques Garnerin was the first person to use a parachute when he jumped out of a balloon over Paris using a silk parachute that he made himself.What is the riskiest thing you have ever done? Would you do it again? October 23 - Theme: Mole DayMole Day is an unofficial holiday for chemistry enthusiasts celebrated between 6:02 a.m. and 6:02 p.m., or 6:02 10/23 (a measuring  unit in chemistry).What are three ways in which chemistry has made the world a better place?October 24 - Theme: United Nations DayIn 1971, United Nations General Assembly recommended that the day be observed by Member States as a public holiday.If you could visit one foreign country, which would it be and why?October 25 - Theme: Sarcasm (Sarcastic Month)Are you a fan of sarcasm? Are you personally sarcastic? Explain your answers.October 26 - Theme: Make a Difference DayPick an area of your life: family, school, work, friends, or society. Explain 5 ways you can make a positive difference in that area.October 27 -Theme:  US Navy DayThe US Navy was created  by the Second  Continental  Congress  passed a resolution  but it was not until 1794 after an engagement with Barbary pirates in the Mediterranean that the Navy showed its prowess. What do you know about this branch of the military? Would you ever consider a career in the military? October 28 - Theme: Statue of Libertys BirthdayThe Statue of Liberty, or Liberty Enlightening the World, was a   symbolic gift from the people of France to the people of the United States in 1886.What does this the Statue of Liberty symbolize today?October 29 - Theme:  National Cat Day68 percent of all households in the United States own  a pet cat, making the number of pet cats close to  95.6 million.Are you a cat pet person or are you a dog pet person? Or do you even want a pet? Why or why not?October 30 - Theme: National Candy Corn DayWhats your favorite Halloween candy? Why?October 31 - Theme: HalloweenThe National Retail Federation estimates that over $9 billion dollars will be spent on Halloween. Do you plan on spending money for Halloween? Do you like Halloween? Dressing up? Why or why not?

Ethical Issues in Business IP Week 5 Essay Example | Topics and Well Written Essays - 1000 words

Ethical Issues in Business IP Week 5 - Essay Example Another vital aspect of ethics in business is ensuring safety in the workplace. Based on the fact that employees are major resources in any company, employers should take initiatives to safeguard them from high temperatures, poor ventilation, fire and poor lighting. In this way, illnesses that may increase the rate of absenteeism will be significantly reduced. Introduction As businesses engage each other in a stiff competition, some employers have taken initiatives to enhance the payments of their employees and senior managers as a way of retaining them and improving their productivity. However, some managers have little or no concern of the welfare of their employees thus rising the question of how much are investors willing to emulate ethics in the work places. One of the major ethical concerns is the amount of compensation and benefits provided to their employees and their immediate family members. In the same way, safety in the work places is a key issue that employers should not overlook. In this regard, I have chosen the topic of ethics in compensation of the employees and safety in the work places as a way of ensuring that employees are fairly treated in the work places. Similarly, my target audience is the employers and the investors who are focused at increasing their profits at the expense of their employees. ... Wages and benefits To ensure that employees remain loyal towards their companies, employers have major role to play of ensuring that salaries and benefits paid to their workers are sustainable and motivating. One of major issue that creates poor relationship between the employees and the employers is the high compensation paid to the executives while other employees are not taken into consideration. Majority of employers have various options about the amount of compensation and wages that is paid to their employees. For example, some companies believe that the mandated minimum salaries by the federal government are sufficient to maintain their employees (Robbins & Judge, 2007). In the same way, some employers believe they are at liberty to pay anything to the workers and as such employees should take any job regardless of the wages they receive. Investors should ensure ethics are upheld in their companies by providing flexible benefits. Some of the major benefits that a firm should g ive their employees include health insurance, paid vacations, training, paid sick leaves as well as retirement benefits among others. Additionally, employers should ensure flexible working hours to ensure that their employees address private matters that may affects the concentration of the workers thus reducing their productivity (Resnik, 2009). To develop professional abilities of their employees and make them focused on achieving their goals as well as those of the entire company, managers should apply advancement programs. Such programs should be undertaken during annual leaves or in the evenings after work. To ensure adequate compensation and flexible

Ethics Essay Example | Topics and Well Written Essays - 1250 words - 2

Ethics - Essay Example Rawls’s argument that we should maximin instead of maximize leads to a fascinating standoff, whereby the argument for maximin appeared not compelling, but it was straight additive maximization of utilitarian in a way that revealed the possible function associated with morality that people are expected to maximize. In fact, according to Rawls, the utilitarianism is not straight based on taking maximandum, which refers to the things that are to be maximized that is utility instead of the primary social goods. Moreover, the idea of maximizing the key social goods is not appealing, since it fails to pursue the maximization of utility. Therefore, the espousal of the ideal legitimacy in political Liberalism does not have an effect on the conclusions and arguments that are developed to reinforce the ideal with respect to justice as fairness in utilitarianism and Rawlsian theories (Arneson, 2000). There is another problem with the utilitarianism, which is associated with the tenuous a ssociation with liberalism, whereby in prominent situations of aggregate goods of numerous, people outweigh the few individuals. Moreover, utilitarianism appears to be committed to the majority over the minority, and it seems to be unfair or violating the fundamental rights and liberties. Therefore, utilitarianism retort is unfair since the mere handovers from outdated and pernicious moral conversions. On the other hand, Rawls’s arguments are in the first part, whereby he focuses on the conflicts between utilitarianism and people’s beliefs concerning justice and fairness. In fact, he provides diagnosis, which is unflattering in order to appeal to utilitarianism. Therefore, utilitarianism may seem to be appealing by taking over the model of decision-making that individuals make relating to their lives. However, there is a significant difficulty associated with implementing the model in a society with people suffering from sacrifice, whereby they are denied the chance to obtain the benefits. In this case, the official arguments, in the parties in the original state prefer the Rawlsian Maximin Principle, by turning the choice between rules related to making the decision under uncertain circumstance of maximizing expected utility instead of maximin. The formal argument of the Rawls’s assertion is supported by the psychological arguments related to parties in the original state that prefers the principles. In fact, ideas of psychological arguments related to Rawls’s principles do not have limitations of the strains of commitment, like utilitarianism. Moreover, Rawls maintains that people growing in a society governed by principles Rawls’s principles, they would end up valuing the principles and complying with them. Rawls’s principles are concerned with the worst off, whereby the society is committed to the well being of the well off. However, this is not the case with the utilitarianism, whereby it is easier to have the all egiance to a society, which is governed Rawls’s principles, compared to the society governed by utilitarianism. Making a comparison between the Rawls principles with the maximin rule and utilitarianism, there is a chance of utilitarianism given

The French Revolutionary War of 1848 Essay -- French Revolution of 184

The numerous revolutions and uprisings that took place in Europe at the beginning of the eighteenth century signified the onset of more than a few liberalistic revolutions that shaped this continent’s governance to this date. This revolutionary wave was very significant, as it marked the collapse of traditional authorities and the establishment of more political and democratic forms of government. This year 1848; has been recognized by many as the ‘year of revolution’ because of the great number of political revolutions that took place allover Europe at this time. These 1884 revolutions started of in the French republic before spreading out to the other Western European nations. The 1884 revolutions were very significant to the French republic given the fact through them, the Orleans kingdom authority over France came to an end and the second French republic was born. The 1884 revolutionary war in France was motivated by factors like a disapproval of the political leadership, widespread ideology of nationalism across Europe, and a greater demand for democracy among others. This war lasted only for less than five years, with several thousands of people dead and other thousands being forced into exile. This paper gives a discussion of the origins and causes of these 1848 revolutionary wars in France. History of France Before 1848 1. Ancient France The French nation is thought to have been founded at around 297 AD when the Salian Franks were given the authority to settle in the region occupied by the Batavians, a Germanic tribe during the era of the Gallic wars. The first king from the historical information was Clodio who began his reign at around 426 AD. However, it was not until the early nineteenth century that Franc... ...48: Revolution and Reform. New York, NY: Berghahn Books, 2001. Fortescue, William. France and 1848: The End of Monarchy. Abingdon, Oxiford: Routledge, 2005. Hessels, John. Lex Salica: The Ten Texts with the Glosses, and the Lex Emendata. London: Adamant Media, 2005. Merriman, John. A History of Modern Europe: from the Renaissance to the present, 3rd edition. New York, NY: W.W. Norton, 2010. Rao, Raghavendra. History of Modern Europe Ad 1789-2002. New York, NY: Sterling Publishers Pvt, 2005. Roberts, Williams. France: A Reference Guide from the Renaissance to the Present. New York, NY: Infobase Publishing, 2004. Sperber, Jonathan. The European Revolutions, 1848-1851. New York, NY: Cambridge University Press, 2005. Winders, James. European Culture since 1848: From Modern to Postmodern and Beyond. Sydney, NSW: Palgrave Macmillan, 2001.

Emirates Airline: Penetrating the North American Market

Emirates Airline is known for going against conventional thinking when running its business. Thus far, this strategy has been profitable for the company. In November 2001, the airline announced that it would begin a 13 ? non-stop flight from Dubai to New York starting in June of 2003. However a postponement in the delivery of the Airbus A380-800 aircraft that would service the new route has caused a delay. This will be Emirates’ attempt at penetrating the North American market. In the current politically charged climate there is debate as to whether or not it will be profitable to expand service to this new route from Dubai to New York. Tensions between Washington and the Arab world create restraints as to when Emirates will be able to expand service. However, the main question currently facing Emirates is whether it should expand to New York at this point in time. Unlike many other airlines, Emirates sees no threat surrounding the tensions in the Middle East. The climate has been this politically charged for the past ten years. In fact, during the first Gulf War in 1991, Emirates Airlines was the only airline that did not cancel any of its flights. They continued flying to Kuwait when a majority of its competitors stopped. Emirates continued business as usual and picked up additional business from those airlines that downsized and stopped flights in the region. This strategy exemplifies how Emirates has gone against conventional thinking and come out ahead. Country Risk Analysis Middle East Region Overview The Middle Eastern region is characterized by economies that are over-dependent on oil; however, they differ on size, wealth, and political agendas. A few of the key players in this region include: Iran, Iraq, United Arab Emirates, Qatar, and Saudi Arabia. Of these countries, the United Arab Emirates is quite comparable in many aspects to its neighbors. The UAE and Qatar are not expected to suffer from as much government instability in the threat of war as the other countries. Iran and Iraq, however, have had their share of political unrest, which has drastically affected their oil exports and prices. To counterattack these effects, Iraq has put pressure on the other OPEC countries to increase oil prices and decrease oil exports to the US and Great Britain. As a result, the GDP of all Middle Eastern countries will decrease due to the heavy reliance of oil revenues in exports and as a percentage of GDP. While oil is what makes these countries wealthy, the UAE, Saudi Arabia, and Qatar enjoy higher GDP per capita over Iraq because of their political situations. Dictatorial governments in Iraq allocate funds to programs that will not necessarily aid the country in the long-run. Literacy rates of Saudi Arabia, Qatar, Iran, and the UAE have increased steadily over the past decade. This is mostly owed to government beliefs that educated citizens will 3 augment the status of the country in all aspects. All five countries export to and import from similar countries including; Japan, Italy, China and the US. The main export for these countries is oil and the main imports are machinery and equipment, chemicals and food. United Arab Emirates The United Arab Emirates (UAE) is located in the Middle East between Oman and Saudi Arabia, bordering the Gulf of Oman and the Persian Gulf. The country is slightly smaller than the state of Maine, which makes it a very small country within the Middle East region. The population of the UAE is approximately 3,480,000 people. The literacy rate for the UAE is 79. 2% for the total population above 15 years. When categorized by sex, men and women have comparable literacy rates, a rarity in the Middle East region. The population is predominantly Muslim (96%), with the remaining 4% of the population consists of Christians, Hindus and others. Although Arabic is the official language of the country, Persian, English, Hindi and Urdu are also spoken. The UAE is a federation state formed on December 2, 1971 and is composed of seven emirates. The emirates included in the UAE are Abu Dhabi, Dubai, Ajman, Fujairah, Sharjah, Ras AlKhaimah, and Umm Al-Qaiwain. Prior to the formation of the federation state, the UAE existed as the Trucial States that belonged to the British for the previous 150 years. The Rulers and the British signed a Perpetual Treaty of Maritime Truce in the 1850s that guarantees peace and protection from external threats. In exchange, the British had direct involvement in its foreign affairs and external defenses. When the British intended to withdraw from the Gulf in 1968, the rulers of the seven emirates came together and formed the federation state with hopes to increase their role in global politics. Economic Environment United Arab Emirates’ economy is heavily dependent on oil production. Abu Dhabi is the largest producer, followed by Dubai, and to a much lesser extent, the remaining emirates. Although oil’s contribution to GDP has been declining in the past few years, government revenue and the non-oil economy continue to be heavily reliant. GDP for the year ending 2001 was 67. 6(US$bn) and 21,000(US$bn) per capita, and 70% of government revenue resulted from oil production. Fluctuations in oil prices impact the growth and volatility of the UAE’s economy. The UAE is a member of the WTO, but has been slow to comply with its requirements for liberalizing trade and competition. The banking sector is closed to foreign investment and other ventures must be 51% owned by a local partner. The exceptions to these rules are in free zones, where 100% foreign ownership is permitted. The limitations on foreign direct investment deter the process of economic diversification. Abu Dhabi is the most resistant to opening its economy, but it has pursued private sector involvement to improve infrastructure regarding water and power. Dubai has chosen to focus its efforts on expanding its services sector by creating Dubai Internet City (DIC) and Dubai Media City (DMC), which are free zones where investors can retain 100% ownership. Dubai also allows foreign investors to own property and purchase shares in UAE listed companies. The UAE typically runs a budget deficit, and the 2002 budget projects one of Dh2. 17bn. Federal spending is expected to increase by 2. 2%, and revenue is expected to grow by 3%. Abu Dhabi, Dubai and the UAE Central Bank are the main contributors to the federal budget.

A Study On Economic Growth - 877 Words

Robert Lucas, the 1995 Nobel laureate, has stated, â€Å"Once you start thinking about economic growth, it is hard to think about anything else.† (On the Mechanics of Economic Development) This is a subject that has been studied by many economists over the years. Economic growth is important to understand because it relates to how people will live along with how society will succeed in the future. â€Å"Without economic growth, higher income levels and living standards cannot be achieved.† (Macroeconomics) What is economic growth? Economic growth is the increase of goods and services produced over a period of time. This is important because as the economy grows people begin to prosper and have higher standards of living. Studies have also shown that as people begin to prosper they become more concerned with their environment and with their health. In areas where incomes levels have increased, money is being invested on cleaner air and water. A higher income prov ides for a higher quality of life by allowing people to have the funds to make their lives better. Economic growth is measured by the ratio of GDP to population, which means more goods and services per person. As a country experiences economic growth income levels grow and studies have proven that life expectancy also extends. The rule of 70 is a tool that assists with the understanding of sustained growth and to determine how many years it will take for income levels to double at various rates of growth. TheShow MoreRelatedA Study On Economic Growth1313 Words   |  6 PagesThe study of economic growth focuses on the long-run trend in aggregate output as measured by potential Gross Domestic Product (GDP). Increasing the growth rate of potential GDP is key to raising the level of income, the level of profits, and the living standard of the population. 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