First Ladies :: essays research papers

There were four women that i enjoyed reading. One was Nacy Regan. She was born on July 6,1923(some reasources say 1921) in New York City. She as a former film and stage actrss who became First Lady of the United States when husband, Ronald Regan, become President in 1980. She was First Lady from 1981 until 1989. She did campaigns such as Drug-Free Youth and Adopt Grandparent Program. Lady Bird Johnson was another I was interrested in. Born Claudia Alta Taylor in Texas on December 22, 1912. She got her name "Lady Bird" when she was a child. Her mother died when she was only five. Her father, aunt and family servents help raised her. She went on to college to study arts and journalism at University of Texas. Lady Bird is a devoted partner to her husbands political career. Betty Ford was known said to be the "all american wife" but most peopld just saw her as a First Lady. Elizabeth Bloomer was born on April 8, 1918 in Chicago, Ill. Betty described her childhood to be full of friends, dates and social outtings. In 1942 she married Bill Warren, whom she had known since she was in grade school Three years into their marrige she realized that they were incompatible. She wanted to start a family and home; he was on the road a lot. She wanted a divorce. Before sho could tell him what she felt he went into a diabetic coma, and was unable to walk. So Betty took care of the household and visited Bill in the hospital. In 1947 he recovered and she filed for divorce. Later that year she met Gerald Ford and they dated for a year then they got married in late Oct. then two weeks later was elected to the House Of Representatives. Betty soon became an alcoholic when he was in office and went into rehap.

President Bill Clinton Impeachment :: William Jefferson Clinton Essays

Interview: Views on Clinton’s Impeachment The impeachment of Bill Clinton is one of the “weirdest episodes'; in our political history. He is the only elected President of the United States ever to be resulted in the passage of impeachment (Johnson was not elected, Nixon resigned to prevent impeachment). The reason for his impeachment is that he lied under the oath during the testimony in the Paula Jones sexual harassment suit, and to grand jury during Monica Lewinsky investigation. He even abused power and lied to the Congress in an attempt to cover up a series of indiscretions, which resulted in the passage of four articles of impeachment. These incidents later turned out to be a political soap opera and ended with Clinton’s presidency preserved, but it is a soap opera that many believed it could be prevent from happening. Clinton’s impeachment made headlines news across the nation ever since it was revealed to the public. Unfortunately, many people still have a long way to know what went on behind the close door of the impeachment. The majority do not have an idea if the Congress is making the right move or not to impeach our President. Hence, many do not realize how the impeachment might affect our nation politically. To answer this, I conducted an interview with my high school physics instructor, Mr. Arnold Burkert. I interviewed him as a person who strongly dislikes the notion of Clinton’s impeachment. My goal of this interview was to write a paper about the impeachment by using public opinion and attitude toward one of the “weirdest episodes'; in our political history. As a supplement to this interview and to write this paper, news magazine articles related to this assignment were also used as in a supporting role. The first remark my instructor made in this interview was that the Congress had made a bad judgement to pass the impeachment. He reasoned that Clinton managed a healthy economy and gained strong approval in the national polls. He believes Clinton’s offenses were personal and minor. Although his sexual relationship with Monica Lewinsky was reckless behavior, the Constitution doesn’t have anything that says one should be impeached for reckless conduct. The Constitution can only impeach President Clinton if he commits treason, bribery, high crimes, and misdemeanors. Therefore, he believed Clinton’s impropriety is not related to the Congress or even us, the people, which means his faulty action is not impeachable according to the rules of the Constitution.

Analysis of Commercial Bank Balance Sheet

CONTENTS INTRODUCTION DEFINITION_ OF COMMERCIAL BANK_ *â€Å"Banks and other deposit taking institutions are financial intermediaries whose assets consist overwhelmingly of loans to a wide variety of borrowers and whose liabilities consist overwhelmingly of deposits. † THE ECONOMICS OF MONEY BANKING AND FINANCE 3rd* Edition PETER HOWELLS & KEITH BAIN Pg 32 A sound system of banking is very important for any economy. Commercial banks are directly related to the payment system of the economy. Generally most commercial banks are controlled by the central bank of that particular country. The central bank can never allow the banking system to fail because if banks start to fail the payment system will fail. They may allow some banks to fail but the government will never allow big banks or the whole payment system to collapse. This is very evident from the recent where government have pumped in huge amount of money to save the so called â€Å"too big to fail† banks. Banks helps in the payment services through various kinds of deposits, debit cards and credit cards ANALYSIS OF COMMERCIAL BANK BALANCE SHEET For my assignment I have picked up Lloyds TSB as my bank. Lloyds TSB is one of the four biggest bank in the UK. I have taken 2007 annual report as the group has published only the 2008 interim report. The second item which we see in Lloyds TSB balance sheet is loan and advances to banks. It reflects the interbank relationship. This figure has fallen for most of the commercial bank and also for Lloyds TSB there is an decrease of 16. 50%. This is due to the financial crisis which has hit banking sector very badly and many banks have failed as a result. Llyods TSB gives loans to customer just like any other commercial bank and bank charge an interest for giving loans which is higher than the interest on deposit. But there is always a default risk attached with the loan which the bank gives. Commercial Banks gives different kinds of loans starting from mortgage, education loan, overdraft facility etc. In case of Lloyds TSB mortgage comes out to be 48. 4% of loans to customer. And thing we should bear in mind is that mortgage are long term loan and it can be for 30 years as well. Customer Accounts got an increase of 11% and there is an increase of 11% from 2006 to 2007. LIABILITIES OF LLOYDS TSB Lloyds TSB is also having some fixed deposit like Certificates of deposit. In these deposits customers cannot withdraw there money before a specified time and they also receive some interest as well. Second are the commercial papers which are unsecured promissory notes to meet short term obligations. Certificate of Deposit comes to around 14,995 million GBP and commercial paper is 17,388 million GBP for Lloyds TSB. Lloyds TSB is also having reserves after paying reserves. This reserve can be used in case of emergency or any unexpected risks The main risks that commercial banks face due to their exposure to different kinds of assets and liabilities are liquidity risks, market risk and credit risk. Lloyds TSB faces liquidity risk because of deposit in central bank. They have a deposit of 4330 million GBP. This means that they cannot give this amount as loans because it’s stuck with the central bank. This amount has increased considerably from 2006 to 2007. The bank faces liquidity risk because of their mismatch in assets and liabilities side. The group liquidity risk exposure is 33,185 million GBP. The main sources of liquidity risk for the bank are deposits from banks and customer accounts. As we seen above the assets of Lloyds TSB are long term whereas the liabilities are short term. The commercial bank is the main source of payment service in any economy. Whenever bank gives loan they are exposed to default risk. Default risk arises whenever a company or individual is unable to meets its obligation on interest or principle payment of the loan. The bank faces asymmetric information problem as well. Though the bank does proper due diligence before giving out any loans but asymmetric information problem cannot be ruled out with any banks at all. Due to asymmetric information we have adverse selection and moral hazard problem. Adverse selection problem comes to picture before entering into the transaction. In short the bank has to filter the good borrowers and the bad borrowers. Sometimes the bank may give loan to the bad borrowers and may suffer of this. Though banks have put checks like credit history before making out the loan but adverse selection problem cannot be neglected completely. The other problem which is created because of asymmetric information is moral hazard problem. The moral hazard problem starts after the bank has sanctioned the loan. Borrowers may get into undesirable activities. The main objective for which the loan was sanctioned may never get fulfilled. The other side of moral hazard problem is the conflict of interest between the borrower and the bank. Borrowers may try to act on their interest rather than the interest of the bank. Banks like Lloyds TSB can overcome the problems of adverse selection and moral hazards if they have proper check and control on their customers but rarely any bank achieves 100% success in these problems. These are two most important risks which any financial intermediary faces in order to serve their most important duty i. e. ayment services to the economy. Just like any other financial institution the group also faces credit risk. {text:bookmark-start} â€Å"Credit risk {text:bookmark-end} is risk due to uncertainty in a counterparty's (also called an {text:bookmark-start} obligor {text:bookmark-end} ‘s or {text:bookmark-start} credit's {text:bookmark-end} ) ability to meet its obligations. Because there are many types of counterparties—from individuals to sovereign governments—and many different types of obligations—from auto loans to derivatives transactions—credit risk takes many forms. † (www. riskglossary. om). After the group’s acquisition of Halifax of Scotland, the credit rating of the bank has come down. In order to counter credit risk credit rating plays a very important role. The group exposure to credit risk is 356,860 million GBP. PART 2 Asset Liability Management â€Å"The ALM group within a bank has been concerned with control of interest rate risk on the balance sheet. For some bank it may be equally important to manage interest rate risk arising from off balance sheet, but it is instructive to look at the traditional methods and progress to the relatively new procedures. (HEFFERNAN, SHELAGH A. 2005) Moreover banks have mismatch in maturity of their asset and liability. Banks use asset liability management to manage interest rate risk, mar ket risk and credit risk. Let’s take an example where all deposits are on fixed rate of interest but all loans are made on floating rate of interest. Commercial banks mainly use three types of markets to cover these risks. These are money market, capital market and derivative market. Capital Market is generally used by large companies or governments to raise funds for the long period. Capital market can be of two types like primary market, securities are traded for the first time and secondary market, and in this securities are traded after they are traded in the primary market. Another subdivision of capital market is bond market and stock market. There are various stock market around the world like London Stock Exchange, whereas bond market includes different kinds of bonds like government bonds (US Treasury bills), foreign bonds etc. One of the most important changes in this market is the development of asset backed securities. text:bookmark-start} â€Å"Securitization {text:bookmark-end} is a financial transaction in which assets are pooled and securities representing interests in the pool are issued†. (http://www. riskglossary. com/) When securitization is backed by any assets such as student loan, mortgages this becomes asset backed security. Lloyds TSB also securitizes its assets in order to overcome its liquidity problem. The process of securitizati on has become quite complex with the introduction of Collateralized Debt Obligation, Collateralized Loan Obligation etc. And these complex securities are the heart of the financial crisis. Lloyds TSB is not having much exposure to these complex securities. Banks get into off balance sheet activities to get more profit. It helps the bank to get fee income. One more advantage of off balance sheet activity is that it does not appear into the balance sheet of the bank. The derivative market is also used by the bank to hedge their risks. â€Å"By their nature, derivatives instruments can be used for hedging different types of risks. Owing to this, banks and insurance companies use derivatives in the management of their Asset Liability Management† (Cornelius Nandyal, 2001). The derivative market is going through lot of new changes. Regulators are trying to put lot of new regulations in order to bring transparency. Banks use interest rate swaps, credit default swaps, total return swap, credit linked notes etc. But different people have different views on derivatives. According to Warren Buffet derivatives are weapon of mass destruction and can act as time bombs in the future. Whereas Alan Greenspan says â€Å"Derivatives have permitted the unbundling of financial risks. Because risks can be unbundled, individual financial instruments now can be analyzed in terms of their common underlying risk factors, and risks can be managed on a portfolio basis†. Banks have also used money market for asset liability management. The most important organ of the money market is the interbank market. In interbank market banks with surplus lend to bank with deficit. This market is severely hit by the recent financial crisis. Banks don’t know about the financial soundness of the bank to which they are lending. This has increased the liquidity problem of the bank. Other types of market are the gilt repo, commercial paper market and the certificate of deposit market. As we have seen above Lloyds TSB invest in commercial paper and certificate of deposit. Securitization and the Global Financial Crisis DIAGRAMATIC EXPLANATION OF SECURITIZATION: {draw:frame} Source: http://www. usbancortrusteeservices. com/images/ygpa7_chart_offering_structure_ptnm. pg The recent crisis started because of the sub prime mortgage loans that originated in the USA. But these loans were repackaged and sold all round the world, so this crisis which began in USA became a worldwide crisis. Securitization gives banks lot more leverage. The seeds of the recent crisis were sown in when the Federal Reserve made interest rates around 1% and the economy was pumped with lot of cash. Banks started giving these loans as mortgage to the s ub prime customers, without any credit check and at very easy terms and condition. Once interest rate started to increase in 2004, borrowers started to default on their loans. With the increase of interest rates house prices started to come down. Credit rating agencies who gave these securities AAA rating made these securities junk. The assumption on which these rating agencies were working was that house prices will keep raisingin the future as well. â€Å"The combination of low capital requirements imposed on AAA-rated assets and a commonly held perception that they were â€Å"safe,† allowed banks to hold on to any senior tranches that were not sold to investors. But when the structured finance market collapsed in late 2007, the investment banks found themselves holding hundreds of billions of dollars of low-quality asset pools, many of which consisted of leveraged buy-outs loans, subprime mortgages, and bonds from CDO’s in process-that is, where the tranches had not yet been sold to other investors. † (Coval et al, 2008) No one knows the worth of these complex securities which the banks are holding. Banks have stopped lending to each other because no one is sure of how much the other bank is holding. So interbank market is almost closed.

Energy Management Case Study: Siemens

In June 2009, Siemens took its effort in solar and wind to the next level by leading the Deserted initiative. This transcontinental project aims to generate solar power in North Africa, where it is most abundant, and then transport it to Europe. The project fits particularly well with Siemens because it requires not only experience in the primary wind and solar technology but also in the complementary technologies such as power grids and switchboard. Which have traditionally been strong business field for the company. Nuclear energy: 1.Nuclear reactors are the strongest power plants possible and the most economically feasible 2. Recently Siemens has taking up its nuclear activities anew and is expending to become involved in international agreements. With Siemens becoming a potential new partner in the Russian market that holds dozen of new sectors and china that have plans to have 100 new reactors in operation or under construction by 2020 Hydrophone: 1. Harnessing the power of ocea n waves has attracted significant attention since ocean cover 71% of the earth surface. 2.US department of energy established the hydrophone program, designed to conduct R&D that will improve the technical, societal and environmental benefits of hydrophone and provide cost competitive technologies. Geothermal power: 1. This technology has a major advantage that it can be installed wherever energy is actually needed. Geothermal plants require minimal fresh water and external fuel pupils, and due to their layout are highly scalable. Smart grids: 2. Smart grid technology seems to be a natural opportunity for Siemens, based on the company's long history with electronic technology and products.Wolfgang Then believes that the market for smart grids will increase due to climate change and economic stimulus programs. 4) Threats: 1) Carbon-based fuel amount to 39% of Siemens profits, facing the reality that fossil fuel are finite, supplies will eventually run out, it Just a matter of when. T he threat is that Siemens contingency plan in renewable energy consist of 11% of its profit. ) Alternative energy: Most alternative energy creation methods have one major drawback: they can generate energy only in places were natures provide the required energy input.Wind energy The size of the wind turbine is not scalable due to technological constraints. To increase capacity, multiple wind turbines there for must be spread out over large distance from one another. Densely populated urban areas do not have adequate space to house wind parks, and rural areas have expressed annoyance with the patterns and agriculture productivities. Wind turbines possess limited efficiency. Wind turbines require large and highly specialized assembly facilities. The first ever float turbines main concerns are the durability and maintenance of the equipment against aggressive environmental condition at sea. Siemens is considering to utilize its size, contingency, competency, and cutting edge technology to further increase its market share and global footprint in wind energy. The question is whether wind energy will turn out to be the leading alternative technology, and if it does, whether wind technologies alone can generate enough profit to keep Siemens aloft. Solar energy Like wind energy solar power most be extracted were it occurs naturally.Solar panels have a low efficiency. Reaching only about 25% under optimal laboratory conditions. Solar panels due too China has become the leader manufacturer of low-cost Combination of cheap labor and available industrial infrastructure; it drove prices Down by almost The method of disposing of nuclear waste in old caves and salt mind is not 100% safe, in addition there has been reports of increased leukemia rates in areas close to nuclear reactors, changes in the micrometer due to the vast amount of steam released into the atmosphere.Hydrophone: For the technology to work, the seashore needs to be flat with only a slight slope, and requi res long stretches of littoral waters. Also tide turbines are restricted to uninhabited beaches, since moving parts under the water surface, can create hazards for swimmers, water sports, and coastal ships. Some drawbacks to wave power include the efficiency of current application necessary resistance against hostile environment (storms and salt water corrosion), cost of electricity, possible impact on marine life, and hazards to shipping. ) Candidates such as geothermal energy and hydra power, not to mention next generation nuclear reactor have evolved quite rapidly in recent years and seem poised to pose a serious threat to wind and solar applications, Siemens most relied upon alternative energy source. 4) Siemens is considering multiple options as its gateway from the problem and has to place some significant bets. If Siemens bets badly, the company risks being relegated to the sidelines as newer, more innovator firms squeeze slower-moving incumbents out of the market.Ill) PEST A nalysts: 1) Political/Regulatory/Legal: l. Politician from the US and Germany 2 of the biggest industrialized countries in the world are supporting the development of alternative energy. II. A group of 20 Coos recommendations to 68 leaders in their 2008 climate policy: A paradigm shift to low technological innovation, this will open the door for new energy companies to enter the market Ill. Combined with a growing global awareness of the impact of green-house gases on climate change as well as increased concerns regarding energy security.Energy issues are now receiving renewed interest from government and corporation alike. IV. President Obama visited the wind-turbine blade factory in Fort Medicine, Iowa to show his support receiving importing political recognition. V. Producing industrial- call wind turbines requires large and highly specialized assembly facilities. The entry-level barriers are high. VI. The effort of Siemens research in nuclear energy were put on hold in the sass when the German government passed a law that would gradually withdraw the country from nuclear-power generation.However Germany is reconsidering this decision. The German parliamentary election 2009 spawned new hopes that the German nuclear industry might be revalidated. VI'. Russia, China and the US are in the market producing and licensing multiple new nuclear reactor (12, 100, 35 respectively) . VIII. Siemens was recently plagued by a bribery scandal and because the US and the EX. Have lows that make such business practice illegal, Siemens was sentenced to 1. 6 billion in finds by the German and the US authorities. However bribery is commonplace in countries such as Nigeria, Russia and China. ) Economic: l. The prices of oil have been trending upward in recent decades. Crude oil prices spiked at an old-time high of $145. 15 per barrel on July 3 2008(up from $50 only 18 month earlier). II. Solar panels have reached a production cost of less than $1 per k output. Ill. US are Jumpin g the band wagon partly because they believe that millions of new green Jobs may help to reduce high unemployment. ‘V. Chinese companies are entering strongly to the wind energy and solar market due to a combination of cheap labor and available industrial infrastructure.China drove prices of solar panels down by almost 50% from 2008 to 2009. V. The Obama administration set a side funding to build smart-grid technologies as part of its recent economic stimulus plan. 3) Social/Cultural: l. Social awareness of the impact of green-house gases on climate change as well as increased concerns regarding energy security. II. Burning of fossil fuel releases carbon dioxide(CO into the atmosphere, which has linked to global warming. In addition many cities have become contaminated by smoke and people are suffering health problems caused by increased pollution.Ill. US government believes that investing in alternative energy will create millions of new green Jobs. IV. Rural areas have expre ssed annoyance of the sound made by wind turbines as well as their interference with wildlife migratory patterns and agricultural productivity. V. Nuclear power has serious limitations issues include nuclear accidents like Coherently and Fuchsia and how to store nuclear products which can be harmful to any living organism. L. New alternatives-energy technologies are Wing to replace carbon-based fossil fuels. II.Better materials have enabled specialized companies to build ever-larger wind turbines and new improved solar panels though increasing efficiency and reducing cost. (example: the 3. 6 mm wind turbine, first-ever floating wind turbine, cost efficient Chinese solar panel, turnkey high-tech solar plants). Ill. R in various companies has spurred immense efforts to find optimal ways not Just to capture but also to store and distribute energy generated from natural resources. IV. US department of energy recently announced 40 million dollar in founding to support design and planning work for the Next Generation Nuclear Plant (NSP).V. Harnessing the power of the ocean waves has attracted significant attention since oceans cover 71% of the earth surface. Furthermore the US department of energy established the hydrophone program designed to conduct R that will improve the technical, societal and environmental benefits of hydrophone and provide cost competitive technologies. VI. The new smart grid technology include self-monitoring ND possibly self-repairing capabilities, smart sensors and meters, and a communication network similar to the internet. V) Competitive Analysis: 1) New Market Entrants: l. A paradigm shift to low carbon economy by 2050 has a potential to drive forward the next chapter of technological innovation, this will open the door for new energy companies to enter the market. II. Since the market of wind energy has high future potential new players are entering the competition most notably from china and In recent years China has become the leadin g manufacturer and global Japan. Ill. Exporter of low-cost solar panels. V.Concerning the nuclear energy I-J, Japan, Taiwan, south scoria and India are difficult market to inter because they possess their own technology and production capabilities and for security reasons. V. Start-ups are investing significant resources in R to engage in smart-grid technologies (2 of these start-ups, Grid Point and Silver Spring Network, have managed to raise $220 million and $170 million, respectively). 2) Supplier Power: l. Sound and wind will not cease to exist within a time frame significant to humanity.II. One of the attractions of wind power and solar turnkey COPS plans is that, once installed, the turbines need constant maintenance which means lucrative long-term service contrast for the original maker and installer of the equipment. Ill. Smart distribution will greatly reduce the current problems with power demands, and can serve to integrate both tradition and alternative energy into a com mon power supply and distribution network. 3) Buyer Power: K made this market perfectly competitive. II.Knowing that energy from carbon based fuel is still at disposal and at constant price competition in this market will remain high which will give consumer a buying power. 4) Product Technology Development: . Introduction off new 3. 6-Mm wind turbine featuring a 120-meter diameter rotor equipped with 58. 5-meter long rotor blades. First ever wind turbine off the coast of Norway II. The turnkey high-tech solar plans include SSP (concentrated solar power) and CISCO (integrated solar combined cycle system) plants. Ill. The next generation nuclear power plant (NSP). IV. Technologies in hydrophone (e. . , the Appeals Wave Energy Converter) to harness the power of ocean waves. V. The smart grids technologies that will help to avoid power outages, make the grid more reliable, reduce maintenance and save energy. VI. Craig Veneer a key figure in decoding of the human genome, actually view a lgae as the most promising path in renewable energy source. These microscopic plant cells are present in an infinite supply and can generate energy quickly effectively and in an environmental friendly manner. 5) Competitive Rivalry: l. Siemens leading competitors are ABA, GE and Lastly.Never less it is always intriguing to meet in the same room and talk about collaborative ways to improve worldwide energy efficiency. II. GE launched a multimillion dollar accommodation initiative to leverage its wide-ranging technological capabilities to address problem in he green-energy arena. Ill. Enron (Germany) and Vestals (Denmark) is the major competitor of wind energy in the U and GE in US. While China and Japan are also trying to enter the market in Asia. IV. Rivalry within the solar energy market is strong and almost perfectly competitive.V) Gap Analysis: 1) Customer Gap: One example of a customer gap that may be facing Siemens is when they introduce their floating wind turbine. This gap wi ll expand if the durability and maintenance costs exceed its value. Trying to close this gap Siemens is now testing this technology to evaluate whether it is feasible or not. 2) Provider Gap 1 (Listening Gap): Cutting down the number of sector from 1 dozen to Just 3 helped Siemens close down its listening gap by concentrating on fewer divisions, moreover the energy market is a very complicated buyer and seller will exchange all the details before the buying process is done.It's so difficult to find a listening gap in this market. 3) Provider Gap 2 (Design & Standards Gap): understand customer requirements and the presence of upper management in all transactions ( buying and selling ) to improve focus on customer requirements 4) Provider gap 3 (performance ) Turnkey COPS plants and wind turbines need a long term service provider for Constant maintenance. Siemens will try to narrow this gap by providing a on-duty engineers to maintain a standard in all its plants.In addition working o n the new developed Smart-grid will help ensure a positive outcome and narrow this Gap. 5) Provider Gap 4 (Communication Gap): Siemens claimed to be the only company worldwide that support customers with efficient products, solutions, and know-how along the entire chain of energy conversion from the production of oil and gas to power generation and the transmission and distribution of electrical energy. To narrow its communication AP Siemens must maintain these standards and deliver a price competitive product and services.VI) Alternative Courses of Action: The question raised by Siemens is what to do and where to invest? Do they try to improve their current alternative energy projects? Or try to expand to different sources? Will it be efficient to invest in new alternatives source or acquire smaller companies with innovative technologies and promising market segment? 1) Alternative one: Increase investment in research of the algae plant that shows a promising path. Disadvantages: i t might turn out to be Just rubbish and all investments made could e lost.Advantages: Siemens could be a first mover in this field of renewable efficient and environmental friendly energy source, which could change the world as we know it. 2) Alternative two: Increase further its footprint in the wind market by introducing multiple giant and floating turbines. Disadvantages: it might turn out to be inefficient compared to its coast and maintenance and another first mover in some other field might be more efficient and resourceful. Advantages: by increasing its footprint in the wind market Siemens will remain the only leader and increase its market share. Alternative three: Giving wind energy its rightful share but increasing investment in solar panels by acquiring new research companies that are currently working on making new improvement in the solar business one kind has a (microscopic forest) that collects liquid water to produce steam. Advantages: Siemens will insure that the in vestment will pay off on the long run knowing that the sun is there for another 5 billion years. Disadvantages: the initial gains on this technology might not be realized under the Siemens name. W) Recommended Course of Action: Our recommendation lies on the 3rd alternative.VIII) Reason for Choice: By giving wind energy its rightful share and nuclear power a miner share, focusing on solar source innovation is a very desirable choice knowing that first sun is infinite secondly solar panels are very cost efficient which will give a higher ROE than any other source of energy and finally it is environmental friendly and social acceptable. Recommendations: a. What should be done? Siemens should retain all its work flow and progress but focus more on energy coming from the sun as this energy will be the a panacea for the world's economy as well as environmental concerns.

Employees with work

The study will analyze he motivating factors that inspire employees to start working and why workers build a career with a small business. The investigation will also explore Job satisfaction and why do employees waste company time completing personal tasks at work. Data was analyzed to determine was there a relation among the variable. The result of the study decided whether the hypothesis(s) are supported or rejected.Final Project: Survey Methods Introduction This study was implemented to measure employees' motivational factors that include job satisfaction and employees' dedication to performing tasks at work and remaining loyal to their employer. The data collected would make a determination to what factors are successful, what factors need to be eliminated, and what factors should be put in practice in the future. The study was conducted by sending questionnaires to several small businesses in Greenville, MS. Several types of organizations were utilized that provided different t ype of service and products.The questionnaire had two parts. The first part of the questionnaire was utilized to measure factors that motivate employees to remain loyal to their employer, dedication to their Job, and Job satisfaction. The second part of the questionnaire measured do employees waste company time doing personal tasks. Management / Problem Statement Motivated employees assists organizations to operate efficiently. When employees are not properly motivated, worker are dissatisfied and have low moral. Workers not motivated properly also leads to low quality services and high Job turn over ratio, which leads to the loss of revenue.Motivated employees benefit all organizations. Workers that are inspired require less supervision from their managers. Manager's interaction will be more of co worker transaction verses a superior transaction. This incept would lead the workers to believe that the manager cares more about the employees, which in return will motivate the employee more. Purpose Statement The purpose of the study is to investigate the factors that inspire workers employed by small businesses, with 5 years or less service and 5 years of more services, to remain loyal to their employer.Some small businesses do not have the benefit packages and the retirement plans to offer their employees. Managers of these organizations are faced with the challenge of motivating employees to make a career in their organization. This study will show what forces drives an employee to work or a small business and to make a career at the organization. RSI: (ONE SENTENCE) What motivates workers employed by small businesses, with 5 and less years of service and with 5 and more years of services, to remain loyal to their employer?Investigative Questions The investigative questions for this study Does boredom of not having anything to do in life motivate employees to remain loyal to their employer? Does accomplishment motivate employees to remain loyal to their employ er? Does recognition motivate employees to remain loyal to their employer? Does a salary motivate employees to remain loyal to their employer? Does the fear of not finding another Job motivates employees to remain loyal to their employer? Does job satisfaction permits employer to remain loyal to their employer?Because employees are allowed to waste company time doing personal task why employees remain loyal to their employer. Hypotheses (as needed for quantitative or mixed method research) The null hypotheses for this study: HOI : There is no relation between boredom of not having anything to do in life and employees remaining loyal to their employer. HUH: There is no relation between accomplishment and employees remaining loyal to their employer. HUH: There is no elation between recognition and employees remaining loyal to their employer HUH: There is no relation between salary and employees remaining loyal to their employer.HOST: There is no relation of the fear of not finding ano ther Job and employees remaining loyal to their employer? HUH: There is no relation of Job satisfaction why employees remain loyal to their employer? HUH: There is no relation of employees permitted to waste company time doing personal task why employees remain loyal to their employer. Brief Theoretical Framework Brief Conceptual framework The study will be a descriptive research and a casual comparative study. Early theories of motivation and current theories of motivation will be utilized to explain the study.One of the early theories, Moscow Hierarchy of Needs, implies that employees are motivated based on needs being fulfilled such as biological, shelter (Moscow, 1954). One of the latest theory, The Four Drive Theory Models suggest that one of the reasons that employees are motivated because acquire and achieve (Lawrence and Naira,2002) Construct definitions and variables The variables that will be analyzed for this research study are the variables that motivates employees to re main loyal to the organization.The variables are boredom thou a Job, fear of not finding another Job, salary from the Job, accomplishment from the Job, recognition on the Job, Job satisfaction from the Job, and allowed to waste company time by completing personal tasks at work. Construct validity will occur as described as following: â€Å"is demonstrated when scores obtained from a measure are directly related to the variable itself Reflects how close the measure relates to the construct (height and weight example) in one sense, construct validity is achieved by repeatedly demonstrating every other type of validity' (Arbor, 2006).The variables will be measured utilizing the Liker Scale. The variables will be assigned a value of 1-5. After the variables are measured, the data will be analyzed using Pearson Correlation and Test. The study will show is there a correlation among the variables, how the dependent variables influence the dependent variables, and is there a relation among the two focus groups. Methodology Overview Quantitative study is appropriate for this research because it permits the researcher to list as following because it allows for a broader study, involving a greater number of subjects, and enhancing the generalization of the results.Quantitative study also allows for greater objectivity and accuracy of results. Generally, quantitative methods are designed to provide summaries of data that support generalizations about the phenomenon under study. In order to accomplish this, quantitative research usually involves few variables and many cases, and employs prescribed procedures to ensure validity and reliability; applying well-established standards means that the research can be replicated, and then analyzed and compared with similar studies. The quantitative study also summarize vast sources of information and make comparisons across categories and over time (Pogo, 2007).Survey questionnaire will be utilized to the research study. The surve y will consist of 30 questions pertaining to workers' Job relation. The surveys will be emailed to the participants. The target population will consist of workers from small businesses. Organizations such as medical clinics, pharmacies, grocery stores, cleaners, and other small businesses. The participants will be chosen using purposive sample. After the surveys are received the data will be collected, analyzed, and transformed to Microsoft Excel. Each survey will be coded with an assigned number. Ordinal scale then will be used to measure ND validate the data.The data then will be calculated using SPAS software. The data then will be analyzed to either support or reject the hypothesis. Abridged Literature Review Discuss the key literature you have already searched on this topic†¦ Give us the highlights of previous research- 2 – 3 key authors or previous studies. One to two pages is enough. Taylor (1911) believed that motivating employees involved paying employees' wages and controlling the employees because workers do not enjoy working. Taylor and his colleagues discovered that motivation is significant component of comprehending human behavior.Taylor Motivation Theory was based on that employees will be motivating by awarding them with training on the Job, pay for outstanding Job performance, employee assortment method, and Job planning (Taylor, 1911). But scientists have a different aspect of motivation. Mayo (1933) & Rotisseries and Dickson (1929) stated research concluded that people social needs had to be met for employees to be motivated. Employees had to be treated as human beings and not Just workers. Workers not treated fairly resulted in low moral (Mayo, 1993, & Rotisseries & Dickson 1929). Moscow (1954) proposed that titivation were based on fives needs.The theory is known as Moscow Hierarchy of Needs. The theory is illustrated by using a pyramid with five levels. Moscow (1954) stated that when one level of need is satisfied, another le vel of need has to be satisfied for that person to continue to stay motivated. The needs then continue in cycle to keep the person motivated (Moscow, 1943). The five needs are as following: 1. â€Å"Physiological needs – home , food 2. Safety needs – security on the Job, protection 3. Social needs – clubs and membership societies, family. 4. Esteem needs – lifestyle, recognition, promotion, 5. Self-Actualization needs – successful† (Moscow, 1943 & Moscow, 1954).Herbert Motivation Theory is very significant in comprehending the relation between employers and employees. Herbert (1959) stated the factors that motivate people in their organization totally oppose what displease employees at work. The theory consists of two needs hygienic needs and motivation factors (Herbert, 1968). The hygienic needs are listed as following: 1 . Policy 2. Relationship with supervisor 3. Work conditions 4. Salary 5. Company car 6. Status 7. Security 8. Relationsh ip with subordinates 9. Personal life The motivation factors are as following: . Achievement 2. Recognition 3. Work itself 4. Responsibility 5.Advancement Herrings research concluded that money along was not a motivator. Salaries were ranked low as a factor that motivated employees to work. Employees want promotions and opportunity to advance in companies. The study also proposed that employees were more satisfied with opportunities and recognitions. Herbert Theory is considered one of the most important theories out of the motivation theories (Herbert, 1954, Herbert, 1968, & Gazelle, 1997). Current Work on Motivation Theories David McClellan, a psychologist, created the motivation need theory. McClellan believed Mascots theory was exhausted by people values and social issues.The research that the psychologist conducted concluded that Moscow theory was an assumption and not proven (Shih, 1999). The theory consists of three motivation needs. The three needs are as following: 1 . Achi evement motivation 2. Authority/power motivation 3. Affiliation motivation (McClellan, 1961). McClellan (1961) stated that achievement motivation is one of the major factors that motivate people. Employees that achieve success and become managers and build a career at a company are usually the ones that get things done (McClellan, 1961). Victory Broom developed a motivation theory in 1964 known as the Expectancy Theory.The theory approached motivation from a different perspective from Moscow and Herbert (Broom, 1964). The theory is based on that the employees are motivated by rewards. The employees perform well because the results will result in better benefits. The employees are not motivated by individual performance, but by the results of the Jobs. The employees understand that skills, resources, and information are the essentials for better performance (Abdul-Zee, Airwomen, Dropout, 2011). Lawrence and Naira (2002) stated that employees are motivated ruptures wages and payment.T he perspective is known as the Four Drive Theory Model. The four drives are listed as following: 1 . Acquire and Achieve -base pay 2. Bond & Belong- company employee 3. Challenged and Comprehend- learning the Job 4. Define and Defend-company culture Sample Overview Population The population used for this research study will consist of workers that are employed by Small business owners. Several small businesses located in Greenville, MS will be used for the study. (House. Gob, 2013) Sampling frame Employees from various types of small businesses that offer different type of rodents and services.Workers with 5 and less years of service and workers with 5 and more years of service. Both genders also will be utilized for the study. In using 93 % with ay % margin of error, 200 participants have to be utilized. In using survey, the expected rate of return is about 10 %. To obtain this rate 2000 surveys will be e- mailed out (Pogo, 2007). Desired sample Purposive Sampling will be utilized to choose the members of the population. Purposive sampling is used because the researcher has knowledge of the small businesses in Greenville, MS (Pogo, 2007). Ethical ConsiderationsIn conducting a research study, researcher have to practice ethical principles. In using people to participate in a study to obtain personal information, examiners have to ensure the participants that their personal information will be protected. In conducting research some of the critical ethical questions related to my survey and my methodology and protecting participants are listed as following: 1 . What are the main ethical issues in a research study obtaining personal information from people? The researcher should ensure the safety of the participants. The research will not harm them in anyway.Also informed the participants that a consent form will be provided to them and is required to obtain information. Finally informed the participants that their information will be kept confidential (Groves et al. , 2009). 2. What are the components of an ethically valid informed consent for research? Major components of an ethically valid informed consent for research are listed as following: A. Disclosure. The participants must know what the research study is a about. B. Understanding. The participants must be able to comprehend the survey and allowed to ask questions about the study. C. Voluntaries.

Blacks Struggle To Reach American Dream Essay

, Research PaperStruggle for the American Dream The American Dream is what Americans want out of life. It consists of people # 8217 ; s household programs, calling programs, and the type of life style they want to populate. Lorraine Hansberry wrote the drama, A Raisin in the Sun, in 1958. A Raisin in the Sun provides many good illustrations of inkinesss fighting to accomplish their American Dreams. The drama Tells of a household, the Youngers, who want the American Dream. The characters Mama, Ruth, Walter, and Beneatha all show how they attempt to carry through their single dreams ; they struggle through racism, differing positions, and money jobs ( severally ) . Mama and Ruth both had dreams of traveling out of the ghetto and traveling to a better vicinity. Mama truly wanted to travel out so her household could be happier. She was driven to utilize the insurance money from Big Walter # 8217 ; s decease to purchase a house, alternatively of puting it into spirits like Walter wanted to. This is shown in Mama # 8217 ; s Act I statement, # 8220 ; Well-whether they drinks it or non ain # 8217 ; t none of my concern. But whether I go into concern selling it to # 8216 ; em is, and I don # 8217 ; t want that on my leger this late in life # 8221 ; ( p.42 ) . Ruth was split between desiring to travel out or to put the money like Walter wanted to. She was really happy though when Mama announced that she had bought a house. Ruth was really unfastened in denoting her felicity excessively, # 8220 ; Well-well! -All I can state is-if this is my clip in life-MY TIME-to say adieu so I say it loud and good, HALLELUJAH! AND GOOD-BYE MISERY I DON # 8217 ; T NEVER WANT TO See YOUR UGLY FACE AGAIN! # 8221 ; ( p.94 ) . Ruth truly wants to acquire out of the ghetto because it has merely provided her with wretchedness and sadness, she thinks now is her clip to be happy. Mama and Ruth besides had to defy attempts from Mr. Linder to maintain inkinesss from traveling into Clybo urne Park. Linder and the people of Clybourne Park were racist and afraid of inkinesss traveling into and polluting their vicinity. After hearing what Linder has to state, the household is even more content on traveling into Clybourne Park to demo that they aren # 8217 ; T afraid. Then there is Walter and his struggle with Mama and Ruth about what to make with the money. Walter Younger # 8217 ; s American Dream is to be rich and live an excessive life like the people for which he chauffeurs. He wants to utilize the insurance money from his pa # 8217 ; s decease to put in a spirits shop in Springfield. Willy Harris, Bobo, and Walter all program on puting 10 thousand dollars each into the shop. Walter and Mama have differing positions about what to make with the money because he wants to put in liquor alternatively of purchasing the house. Mama is dead set against the whole spirits shop thought. This is shown in Act II when she says, # 8221 ; there ain # 8217 ; t gon na be no inv estment in N o spirits stores† ( p.70 ) . This leaves Walter really unhappy because his dreams have been crushed, â€Å"So you butchered up a dream of mine-you-who ever speaking ’bout your children’s dreams † ( p.95 ) . Mama refused to even listen to Walter’s thought, she wouldn’t have him speaking about puting in spirits in her â€Å"house† . After they buy the house for 35 hundred dollars, Mama trusts Walter to take the remainder to the bank for him and Beneatha to divide. She talks to him one dark about how he’s the adult male of the house and should hold more say in how things are done. She tells him to take the staying 65 hundred to the bank and set it in separate histories for him and Beneatha. Alternatively of traveling to the bank like he was supposed to, Walter used the staying 65 hundred dollars to put in the shop. He finds out subsequently that Willy ran off with all the money, and there is none left. Beneatha is dumb when she find s out all their money is gone. Mama is really huffy at him, particularly since he broke her trust. This causes the household to rethink the thought of purchasing a house because they don’t have any other money now that Walter lost it. Beneatha # 8217 ; s American Dream is to travel to school and go a physician after college. When she was younger, she and her friends used to travel sleighing down the ice-covered rock stairss of people # 8217 ; s houses. One twenty-four hours her friend, Rufus, split his face open on the pavement and had to travel to the infirmary. The following twenty-four hours the physicians had fixed him all up. This event is what inspired Beneatha to go a physician when she grew up. This is shown in an Act II conversation with Agasai, # 8220 ; I ever thought it was the one concrete thing in the universe that a human being could make. Repair up the ill # 8221 ; ( p. 133 ) . After Willy Harris bargains their money, she begins to halt lovingness. Beneatha starts believing that her dream wasn # 8217 ; t deep plenty and that it was a kid # 8217 ; s manner of seeing life. The drama, A Raisin in the Sun, is a good beginning of illustrations of inkinesss non carry throughing their dreams. In the drama, the Younger household struggles to accomplish the American Dream. Mama and Ruth fight off racism from the people of Clybourne Park although they do finally carry through their dream of traveling into a house. Walter and Bennie struggled with their dreams, but they didn # 8217 ; t carry through them. Because of Willy Harris running off with the money, Beneatha didn # 8217 ; Ts have money to inscribe into medical school and prosecute a calling in the medical field. It has now been 40 old ages since the clip of the drama and most African Americans are still fighting to accomplish the American Dreams of freedom and equality. Unfortunately, there are still people like Mr. Linder that are racist and that think they are superior to inkinesss because they are white.

Organisational behaviour Essay Example | Topics and Well Written Essays - 1000 words

Organisational behaviour - Essay Example In any case, behavior of an organization plays a vital role in determining the job satisfaction of its employees. Organizations are operating from different platforms and management styles. Participatory of democratic management is followed in some organizations whereas autocratic or totalitarian management styles are followed in other organizations. Employees in a democratic organization may have better job satisfaction compared to the employees in an autocratic organization. Only the satisfied employees deliver maximum efficiency or output to an organization. In short, job satisfaction is directly proportional to the level of performances of the employees. Job satisfaction and performance of an organization â€Å"Human resource management takes the theories and principles studied in OB and explores the â€Å"nuts-and-bolts† applications of those principles in organizations (What Is Organizational Behavior? N.d. p.7). HR department has an important role in determining the pe rformances of the employees and the performances of the organization. Even though an organization may have many resources such as material, machineries, money etc, man power seems to be the most important one. It should be noted that human supervision is necessary for the mobilization of all the other organizational resources. Mobilization or utilization of organizational resources such as material, money and machineries takes place in an efficient manner only when the employees handling these resources have enough job satisfaction. In short, effective utilization of organizational resources is heavily dependent on the job satisfaction of the employees. According to Soviet economists and social scientists, ‘job satisfaction studies are irrelevant in a society in which workers own the production means†(Braveman, 1974, p.10). The above principle may be true in the case of organizations operating in communist countries. Since private capital is not allowed in communist coun tries, employees may work mechanically in such countries. However, the cases of employees in capitalist or democratic countries are entirely different. Employees get material or financial gains, if they perform well in organizations in the capitalist economies. Moreover, they have more freedom and liberties than the employees in communist countries. Therefore, they can easily adjust (increase or decrease) their output while working in an organization operating in a democratic country. It should be noted that such employees have the freedom for forming trade unions to fight against injustices of the employers. In short, employees in a democratic organization, operating in a democratic country, can definitely change gears from top to bottom or bottom to top, based on the treatment they receive from the employers. Employees may develop lot of suspicion or cynicism while working as part of an organization. Rumors and propagandas are common in the organizational world and these things ca n affect the productivity of the employees negatively. For example, the managers of Apple Inc. warn its employees that the company is more interested in employability rather than employment security (Qumer, 2009, p.7). Such warnings always create cynicism among the employees. â€Å"Cynical employees have the impression that they are autonomous, but they still practice the corporate rituals nonetheless† (Fleming &Spicer, 2003, p.157). However, such rituals under pressure may not derive the full productivity