...plans. They cannot manage their policies without prediction. W. Edwards Deming tells us that management is prediction (Rienzo, 1993). How does the human mind find confidence in predictions? From where does confidence come? Confidence comes from knowing the systems we are attempting to manage. The purest expressions of knowledge that we have as human beings are scientific laws. Scientific laws allow scientists to predict outcomes with certainty when they engineer physical structures, mechanical technologies, or chemical/biological reactions. Can political and business leaders use processes similar to the ones that produce scientific laws to address the most pressing issues of world societies? The perspective of physicist Nancy Cartwright offers some insight. Truth is Relative Wherever it is Found Scientific laws come as...
Words: 4214 - Pages: 17
...SEATTLE PACIFIC UNIVERSITY School of Business and Economics BUS 6220 CRN 43797 Office: McKenna Hall 205 Financial Analysis Phone: 281-3523 Dr. Herbert Kierulff Hours: Th. 1-6 and by appt. hkierulf@spu.edu Classroom: McKenna 111 "…value reflects only our opinions and not the true worth of the things themselves." Francisco de Osuna, Third Spiritual Alphabet COURSE OBJECTIVES: By the end of this course you should be able to demonstrate greater competence in: * Doing short and long term financial planning and budgeting, strategic analysis and decision making under conditions of rapid change and uncertainty. * Applying the fundamental and practical principles of valuation to pricing and to real investment opportunities. * Gathering information, separating relevant from irrelevant factors, selecting and evaluating relevant options with regard to their consequences, and selecting and defending a course of action. * Conceptualizing complex issues and reducing them to coherent written and oral statements. * Integrating valuation and investment analysis with the other functional areas of business administration including business processes and information technology. * Working effectively in group...
Words: 4804 - Pages: 20
...Health Economics Abstract Studies, research, and conclusions on the effectiveness of substance abuse treatment programs are numerous. However, there does not appear to be a single answer or even a manageable set of solutions for how to effectively and efficiently treat those suffering the ill effects of substance abuse. This paper aims to make the case that the most effective way to deal with this problem is to attack it at the source, by trying to eliminate, or at the very least disrupt, the supply of illicit drugs available for purchase and consumption. The attempt to make this case is done by pointing out the mixed results of previous substance abuse treatment programs and by using systems theory to explain why the complexity of treatment options makes it difficult to accurately evaluate such programs. The Economic Impact on Substance Abuse The effect of substance abuse on the United States economy is astronomical. Consider that in 2004, almost a tenth of the nation’s population ages 12 and older were classified with substance abuse or dependence disorders (Morgan & Crane, 2010). The issue is so complex, in fact, it is nearly impossible to put an accurate price tag on the impact. If one focuses solely on the economic impact of this epidemic, one would have to calculate numerous costs. People who abuse and are addicted to illicit drugs spend hundreds and thousands of dollars to feed their habit, which is money that could be spent in more productive ways...
Words: 2958 - Pages: 12
...Topics Is the nature of crime in our society accurately presented in the media? Is the majority of crime in our society violent in nature? Topic 1: Is the nature of crime in our society accurately presented in the media? Word Count: 774 Over the course of the 20th century and the transition into the 21st century, media has played a pinnacle point in society. It has developed from not only a means of information but also as a source of entertainment and consequently the line between information and entertainment can be distorted. This paper aims to conclude whether or not the nature of crime in society is accurately portrayed in media. As a result, this paper will include information that demonstrates the differences between crime in society and crime in media. Furthermore, the nature in which media crime framed will be examined. Finally, this paper will demonstrate how media crime distorts public perception in relation to how crime is in reality. It is through an examination of these points that a conclusion will be met, one that projects the crime in media as a false representation of crime in society. A criminal justice system plays a key role in the functioning of modern societies around world and despite this most people only have the portrayal of media sources to give context to the idea. According to Shrum, the only exposure to a criminal justice system that people perceive is through the media (Tapscott, 2011). Corroboratively, research conducted by the Australian...
Words: 2058 - Pages: 9
...Angus Cartwright Case Study In September 2003, John DeRight and Judy DeRight, both cousins, decided that they both wanted to invest in real estate. The cousins felt that real estate would allow them the “benefits of diversification, protection from future inflation, and tax advantages.” John, a risk averse person, was a retired businessman and was willing to spend $9 million in this investment. John would rely on stock dividends and other income that totaled approximately $1 million. On the other hand, Judy was a risk tolerant businesswoman who owned her own chemical company and had $16 million of funds available for investment. Judy’s after-tax income came out to be approximately $1.1 million. The cousins contacted Angus Cartwright III, an investment advisor who showed John and Judy four different properties that had different circumstances. The properties consisted of residential and office buildings and there were properties that were both currently standing and under construction. Cartwright III, like his father, had plenty of experience with the DeRight family, and so he showed John and Judy the four properties. The first property was Alison Green, a 100-unit apartment in Maryland. It has the highest Net Present Value at $734 and has the lowest breakeven occupancy at 64%. It has the best debt coverage ratio at 2 and highest cash-on-cash at 12%. Based on calculations, 74% of total benefits will be derived from cash flow while 44% of total benefits will come via future...
Words: 955 - Pages: 4
...important turning point in history for all of Greece. The Greeks fought at Troy of Anatolia against the Trojans during a later period of the Bronze Age. Paris’ judgement of the most beautiful goddesses was the beginning of the war because of the bribe that Aphrodite offered Paris. Paris is the son of King Priam of Troy and the brother of Hector, the noblest of all fighters during the Trojan War. The main cause of the war was that Helen was taken from the Spartan king, Menelaus, brother of Agamemnon, by Paris because of the Judgement. Helen was the wife of Menelaus, the king of Sparta and she herself was the bribe that Aphrodite had offered to Paris. Many great soldiers fought and died in combat for their city-state. The strategies used by the Greek army were impressive and productive. The war has gone down in history just as Achilles had wanted. The Trojan War was a very eventful battle, fought by many soldiers, at the city of Troy. The Greek army had some of the finest warriors and leaders of the ancient times. Menelaus was the king who united the Greek armies in which Achilles was not fond of. Menelaus was brother of Agamemnon who was the Achaean King and the leader of the combined armies. The Greek army was considerably large because they had conquered so many city-states and forced them to join or be enslaved. Achilles was the greatest of all the soldiers during the war. Achilles said to be “a demi-god and the Greatest warrior in Homer’s Iliad.”(Cartwright) Achilles singlehandedly...
Words: 1303 - Pages: 6
...ASSIGNMENT COVER SHEET (to be completed by the student) AIB student ID number: Student name: Course name: Subject name: Subject facilitator: Teaching Centre: No. of pages: Word count: BBA-LOGISTICS AND SUPPLY CHAIN MGT MARKETING PRINCIPLES AND PRACTICE MS.BEVERLY FOSTER SITAL COLLEGE OF TERTIARY EDUCATION LTD 16 2150 DECLARATION I, the above named student, confirm that by submitting, or causing the attached assignment to be submitted, to AIB, I have not plagiarised any other person’s work in this assignment and except where appropriately acknowledged, this assignment is my own work, has been expressed in my own words, and has not previously been submitted for assessment. 1 ASSESSMENT SHEET (to be completed by the examiner) Student name: Course name: Subject name: Assessor/marker: COMMENTS Principles learnt (for example, number and understanding of principles referred to, their influence on the structure of this paper, number and correct citations of references, use of appropriate jargon) /4 Application of principles. That is, the analysis and evaluation of the example problem based on the principles, including the final recommendations and their justification /8 How well the example problem was described, including the extent and depth of information (including the data) about it that was accessed /4 Structure and presentation /2 Style, grammar and language /2 Total Less penalties GRAND TOTAL General comments /20 FOR MODERATOR’S...
Words: 3029 - Pages: 13
...CHAPTER 2 CASE STUDY Zara International: Fashion at the Speed of Light At the announcement of her engagement to Spain's Crown Prince Felipe, Letizia Ortiz Rocasolano wore a chic white trouser suit; within a few weeks, hundreds of European women sported the same look. Welcome to fast fashion, a trend that sees clothing retailers frequently purchasing small quantities of merchandise to stay on top of emerging trends. In this world of “hot today, gauche tomorrow,” no company does fast fashion better than Zara International. Shoppers in 78 countries, including Canada, have taken to Zara's knack for bringing the latest styles from sketchbook to clothing rack at lightning speed and reasonable prices. In Fast Fashion, Moments Matter Because style - savvy customers expect shorter and shorter delays from runway to store, Zara International employs a stable of more than 200 professionals to help it keep up with the latest fashions. It takes just two weeks for the company to update existing garments and get them into its stores; new pieces hit the market twice a week. Defying the recession with its cheap – and - chic Zara clothing chain, Zara's parent company Inditex posted strong sales gains. Low prices and a rapid response to fashion trends are enabling it to challenge Gap, Inc., for top ranking among global clothing vendors. The improved results highlight how Zara's formula continued to work even in the downturn. The chain specializes in lightning-quick turnarounds of the latest...
Words: 421 - Pages: 2
...Justin Grandinetti The increased speed and flow of information brought about by technology has influenced a massive global culture shift. Two consequences of this increased information exchange are cultural imperialism and globalization. Cultural imperialism is a heavily debated concept that “refers to how an ideology, a politics, or a way of life is exported into other territories through the export of cultural products” (Struken and Cartwright 397). The related concept of globalization “describes the progression of forces that have accelerated the interdependence of peoples to the point at which we can speak of a true world community” (Struken and Cartwright 405). A driving force of both cultural imperialism and globalization are major corporations, many of which are based in the United States. Brands like Pepsi are now known worldwide and not simply confined to one particular country or the western sphere. These global brands can be viewed “as homogenizing forces, selling the same tastes and styles throughout diverse cultures” (Stuken and Cartwright 402). Conversely, viewers in other countries are free to “appropriate what they see to make new meanings, meanings that may be not just different from but even oppositional to the ideologies” of these global advertising campaigns. By analyzing three recent aspects of Pepsi’s “Live for Now” global campaign, I will examine their relationship to cultural imperialism and globalization, as well as show how the use of an interactive website...
Words: 2538 - Pages: 11
...Change and Culture Case Study I July 18, 2011 Case Study I This paper focuses on the merger of company A and company B. The middle manager of a health care organization has the responsibility of combining the workforces of both companies, and re-structuring the systems and shape of the new organization. The task of making company C, the two organizations combined, is made more difficult due to the fact of prior competitiveness in the health care realm, with employees viewing company B as non-professional and lacking in quality care. Company B, however, has several inpatient and outpatient services that company A does not, validating the merger. So, this paper presents the effects of the merger, how employees are coached to work together, the new systems and shape of the organization, and the theoretical framework of the merger. Effect of Sale One of the effects of the merger of company A and company B is the power struggle and fights for control that arises from combining the two organizations. Company A was a smaller agency, with a definite hierarchal operating structure displaying a centralization of power, while company B was of a horizontal...
Words: 1325 - Pages: 6
...ven-dors. The improved results highlight how Zara’s formula continues to work even in the economic downturn. The chain special-izes in lightning-quick turnarounds of the latest designer trends at prices tailored to the young-about $27 an item. Louis Vuit-ton fashion director Daniel Piette described Zara as “possibly the most innovative and devastating retailer in the world.” Inditex Group shortens the time from order to arrival by a complex system of just-in-time production and inventory reporting that keeps Zara ahead. Their distribution centers can have items in European stores within 24 hours of receiving and order, and in American and Asian stores in under 48 hours. “They’re a fantastic case study in terms of how they man-age to get product to their stores so quick,” said Stacey Cartwright, CEO of...
Words: 411 - Pages: 2
...InsureCo’s Case Report TUTOR WORKSHOP TIME: DUE DATE: DATE SUBMITTED: Contents Contents 0 1.0 Executive Summary 1 2.0 Introduction 2 2.1 Report Topic 2 2.2 Limitations 2 2.3 Sources of Data 2 2.4 Organisation of Report 2 3.0 The Lack of Appropriate Planning for Change………………………………………..3 3.1 Lack of Contingency Planning 3 4.0 Insufficient Investment in Leadership and Team Building 4 4.1 Transactional Leadership 4 4.2 Transformational Leadership 5 5.0 Transformational Leadership, Work Engagement and Emotional Intelligence 6 5.1 Work Engagement………………………………………………………………………...….6 5.1.1 Application to Case 6 5.2 Emotional Intelligence……………………………………………………………………….7 5.2.1 Application to Case 7 6.0 Ineffective Design of Reward System 8 6.1 Reward System in Today’s Context 8 6.2 Ineffective Reward system 8 6.2.1 Application to Case 9 7.0 Recommendations 9 8.0 Conclusions 10 9.0 References 12 10.0 Appendices 17 10.1 Appendix 1: SWOT Analysis 17 10.2 Appendix 2: Add-on Effect of Transformational Leadership 18 10.3 Appendix 3: Organisation’s Life Cycle and its Leadership Requirements………………….19 1.0 Executive Summary InsureCo has met with several consequences that have adversely affected the company’s overall productivity, turnover rate, compensations costs and workplace engagement. It is imperative for the executives to understand the underlying causes behind these detriments to better the prospects of this company. If these...
Words: 5054 - Pages: 21
...The Death of General Wolfe - Heroism and Nation Yu Su 211553930 VISA 1900 A Karen S Stanworth Tutorial 16 Olena Korolevych Benjamin West’s work “The Death of General Wolfe” is an historical oil painting, that reappearance the death of British general James Wolfe in the Battle of Quebec, this is a description of “heroic behaviour” of General Wolfe to snatch loose to victory in the attack. The painting express the heroism of Wolfe and the cruelty and bloody colonial war between nations. The work has spawned countless copies since original one painted in 1771, but there are only five large version painted by Benjamin West’s own hand, the one located in Royal Ontario Museum is the last version painted. [[1]] The painting contain a historical event in the back, the main character James Wolfe was a Marine officer in the beginning of the colonial war, but after he victory many battels, he was promoted to a general of the Quebec war in 1759. [[2]] His main enemy is the French army who occupied Cape Breton Island. Wolfe’s army meet a defeat from French army, during the battle, Wolfe had been wounded three times, but he did not leave and continue command his army, he was dead until the city was overcome. [[3]] Wolfe was a hero, because he died for the country, for protect the land, the island might belong to French without him. He sacrifice his life for the army. Wolfe was responsible...
Words: 1430 - Pages: 6
...Journal of Social Issues, Vol. 49, No. 4 , 1993. pp. 227-251 The Bases of Power: Origins and Recent Developments Bertram H. Raven University of California, Los Angeles The history and background of the analysis of the basis of power is examined, beginning with its origins in the works of Kurt Lewin and his followers at the Research Center for Group Dynamics, particularly the early research by John R. P. French. The original French and Raven (1959) bases of power model posited six bases of power: reward, coercion, legitimate, expert, referent, and informational (or persuasion; Raven, 1965). Since then, as the result of considerable research, the model has gone through signiJicant developments. A more comprehensive model is presented here that reviews the following: various motivations of the influencing agent; an assessment of available power bases in terms of potential effectiveness, time perspective, personal preferences, values and norms; consideration of other strategies such as manipulation; utilization of various preparatory and stage-setting devices to strengthen olte’s power resources; implementation of the power strategies; assessment of effectiveness of influence attempt and its positive andl or negative aftereffects; use of various ameliorative devices; and review, reconsideration, and another round of influence strategies. The overall model is examined in terms of its applicability to various settings including hospital infection control, patient compliance...
Words: 10452 - Pages: 42
...Data Pikula, Deborah A. Mergers & acquisitions : organizational culture & HR issues (Current issues series) Includes bibliographical references. ISBN 0-88886-516-3 1. Personnel management. 2. Corporate culture. 3. Organizational change. 4. Consolidation and merger of corporations. I. Title. II. Series: Current issues series (Kingston, Ont.). HF5549.P469 1999 658.3 C99-932294-X Executive Summary Mergers and acquisitions are increasing in North America as organizations try to expand their operations and increase their competitive advantage. But despite optimistic expectations, mergers and acquisitions frequently fail, in part because managers neglect human resource issues, which are rarely considered until serious problems arise. This study highlights the importance of proactive management of human resource issues, concurrently with financial issues, and offers detailed practical advice to help ensure that the process will succeed. • To avoid inaccurate rumours, which are highly detrimental to organizational morale, employees should be informed as soon as possible about what to expect once the acquisition takes place. Management must continue to listen to and communicate with employees and relay accurate and comprehensive information throughout the process. • A realistic merger preview...
Words: 7237 - Pages: 29