...ASSESSMENT 2B: Identifying Decision Traps Decision Making Exercise 2 Introduction We all remember the hot summer(winter in Australia) when we heard the news that Lehman Brothers filed for bankruptcy during the terrible ‘sub-prime meltdown’(Investopedia 2009). As a giant among investment banks with a history over 150 years,Lehman Brothers suddenly collapsed in few months. How did Lehman Brothers go bankrupt? Why did it happen? Are there any methods that could have been used to avoid the doomsday? These questions will be discussed below. Case study overview In early 2007, with the stock reached $86.18(Investopedia 2009), Lehman Brothers seemed to have done a great job. Therefore ,the company underestimated the risks posed by rising ‘home delinquencies’(Terry 2008) and overestimated the risk-enduring capacity of the US housing market. One real estate investment broker described Lehman as ‘the real estate A.T.M(Terry 2008).Then Lehman’s share price went into a tailspin when the dark days came in August 2007. Dramatically, at the end of 2007, Lehman’s share price rebounded, as ‘global equity markets reached new highs and prices for fixed-income assets staged a temporary rebound’(Terry 2008).However, Lehman failed to seize the chance to ‘trim its massive mortgage portfolio’(Investopedia 2009). According to the Investpedia (2009), the news was a deathblow to Lehman, leading to a 45% plunge in the stock and a 66% spike incredit-default swaps on the company's debt. With...
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...Spring 15 Spring 15 University of North Carolina Wilmington University of North Carolina Wilmington The Legend of the Goruku Chushingura: The Retellings Lorenzell Terry * This research paper will compare and contrast the two films based on the tale of the 47 Ronin. It will examine all aspects of the film based on the Japanese Culture such as everything from clothing to the ceremonies. It will show how foreigners see Japanese culture as being something dramatically else. The Legend of the Goruku Chushingura: The Retellings Lorenzell Terry * This research paper will compare and contrast the two films based on the tale of the 47 Ronin. It will examine all aspects of the film based on the Japanese Culture such as everything from clothing to the ceremonies. It will show how foreigners see Japanese culture as being something dramatically else. 08 Fall 08 Fall Lorenzell Terry William Hedberg JPN 211 17 April 2014 The Legend of the Goruku Chushingura: The Retellings Throughout Japanese history and most of the world, Samurai were seen as being the mightiest and loyalist warriors to have existed. Many years ago, started a story based on true events called the Goruku Chushingura or 47 Ronin. The story takes place in 1701 during the Edo period when most of the power was to the Shogun. Director by Japanese native; Kenji Mizoguchi made the first version of Goruku Chushingura in 1941. He has created credibility for himself by producing an arsenal of films before...
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...11/28/2015 Chapter 1 Swatch # 1 – Denim [pic] Denim is durable twill woven with colored (usually blue) warp and white filling threads; it is also woven in colored stripes. The name is said to have originated in French serge de Nimes. The word comes from the name of a sturdy fabric called serge. Denim was originally called serge de Nimes, it was then soon shortened to Denim. Denim is yard-dyed and mill-finished and is usually all-cotton, although considerable quantities are of a cotton-synthetic fiber mixture. Decades of use in the clothing industry, especially in manufacture of overalls and trousers were worn for heavy labour such as construction workers and electrical workers. Denim has demonstrated denim’s durability. This quality also made denim serviceable for leisurewear in the late 20th Century. Denim is a rugged cotton twill textile, in which the weft passes under two or more warp fibers. This produces the familiar diagonal ribbing identifiable on the reverse of the fabric, which distinguishes denim from cotton duck. It is a twill-weave woven fabric that uses different colors for the warp and weft. One color is predominant on the fabric surface. Because of this twill weave, it means the fabric is very strong. I believe Denim is the most amazing fabric out there it’s versatile, it’s tough, its durable,, its easy to work with, its fashionable, its warm I mean I can go one with how great denim is. I mean everyone owns denim. Once before...
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...Wekiwa Springs State Park. In 1970 Wekiva Springs State Park opened to the public. The park occupies 7,000 acres, with the main attraction being the Wekiva Springs. The cool crystal clear water of the springs range in depth from just inches to five feet and maintains a 72 degree temperature. Wekiva means "flowing water" in Creek. The spring flows from a small 20 feet deep cavern, which spreads into a deep cave. This area was once populated by the Timucuan Indians. Wekiva is home to an array of wildlife that includes foxes, river otters, white-tailed deers, Florida bear, great blue herons, great egrets, alligators, and a variety of tropical birds. The aquatic preserve is also the winter home of over 325 West Indian manatees, which is a federally protected species ("Wekiva Spring", 2012). This paper will discuss the springs and the associated agriculture, effects of human population on the spring, sustainability, risk and benefits of nonrenewable and renewable resources, and the sustainability and conservation of Wekiva Springs. Identify Associated with Agriculture The associated topic linked with Florida's agricultural life cycle is a resource located in the central part of Florida. According to the State of Florida information it noted (as cited in Florida, 2012), The Wekiva River is part of a large organism that plays a crucial role in the existence of mankind on the local, regional, state, national and global levels. Wekiva River, along with St. Johns River, Blackwater...
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...Page 1 of 9 Original Research Transformational leadership in the South African public service after the April 2009 national elections Authors: Manasseh M. Mokgolo1 Patricia Mokgolo2 Mike Modiba3 Affiliations: 1 Department of Human Resources Management, University of South Africa, South Africa Learning and Development Unit, Tromso Management Consultants CC, Boyne, South Africa 2 Orientation: The implementation of transformational leadership in public services after national elections has been well recorded in other parts of the world. However, this is not the case in South Africa. Research purpose: The purpose of the study is to determine whether transformational leadership has a beneficial relationship with subordinate leadership acceptance, job performance and job satisfaction. Motivation for the study: Leadership is a critical issue that the public sector needs to address in order to survive and succeed in today’s unstable environment. According to Groenewald and Ashfield (2008), transformational leadership could reduce the effects of uncertainty and change that comes with new leaders and help employees to achieve their objectives. Research design, approach and method: The sample comprised 1050 full-time employees in the public sector based in head offices. The measuring instruments included the Multifactor Leadership Questionnaire (MLQ), the Leadership Acceptance Scale (LAS), the Job Satisfaction Survey (JSS) and the Job Performance Survey (JPS). Main findings: Transformational...
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...European Journal of Marketing Emerald Article: Value creation in supply chain relationships: a critique of governance value analysis Trond Hammervoll Article information: To cite this document: Trond Hammervoll, (2009),"Value creation in supply chain relationships: a critique of governance value analysis", European Journal of Marketing, Vol. 43 Iss: 5 pp. 630 - 639 Permanent link to this document: http://dx.doi.org/10.1108/03090560910946963 Downloaded on: 07-07-2012 References: This document contains references to 41 other documents To copy this document: permissions@emeraldinsight.com This document has been downloaded 2200 times since 2009. * Users who downloaded this Article also downloaded: * James DeLisle, Terry Grissom, (2011),"Valuation procedure and cycles: an emphasis on down markets", Journal of Property Investment & Finance, Vol. 29 Iss: 4 pp. 384 - 427 http://dx.doi.org/10.1108/14635781111150312 David Wyman, Maury Seldin, Elaine Worzala, (2011),"A new paradigm for real estate valuation?", Journal of Property Investment & Finance, Vol. 29 Iss: 4 pp. 341 - 358 http://dx.doi.org/10.1108/14635781111150286 François Des Rosiers, Jean Dubé, Marius Thériault, (2011),"Do peer effects shape property values?", Journal of Property Investment & Finance, Vol. 29 Iss: 4 pp. 510 - 528 http://dx.doi.org/10.1108/14635781111150376 Access to this document was granted through an Emerald subscription provided by University of Pretoria For Authors: If you would like to write for...
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...Managing Operations Introduction The report will start with definition of operations management concept. This will be followed by identifying some of the global factors affecting operations management in organisations and the impact such factors have on operations management in organisations and to assess how operations management can contribute to sustainable business activities . The second part of the report will describe how project management techniques contribute to the development of operations management and how project management techniques can be used to improvements the management of business operation in a multinational organisation. The effectiveness of business operations to organisational goal of Shell Petroleum will be discussed As operation management entails risk, the risk management techniques that can be applied to the management of a business operations (Shell Petroleum) and how to evaluate the risk to business operations in global markets will be discussed. How risk to Shell Petroleum operations be minimised for a business functioning in a global market will be discussed The technological infrastructure that supports operations management of Shell Petroleum will be identified and the contribution of information technology to it operations management will be analysed. The benefits to operational management of implementing technical solutions will also be analysed . The contribution of information technology to operations management of...
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...School of Administrative Studies Faculty of Liberal & Professional Studies York University Winter 2015 Course Outline AP/ADMS 3585 3.0 Intermediate Accounting I Course Director : | Alla Volodina | | Section : | M | | Course website: | | | Date/Time: | Wednesday 7:00 pm to 10 pm | | Location : | ACE 009 | | Instructor Office Hours: | By appointment | E-Mail Address : | adms3585@yorku.ca | Calendar Description This course, in conjunction with AP/ADMS 3595 3.00, develops thorough knowledge and understanding of generally accepted accounting principles and financial statement analytical skills by examining various technical areas of financial accounting. Prerequisite: AP/ADMS 2500 3.00. Prior to Fall 2009 Prerequisite: AK/ADMS 2500 3.0. Course credit exclusion: AK/ADMS 3585 3.00. Learning Outcomes After completion of the course, apart from mastering the technical knowledge of the revenue and asset side of the financial statements, students should also 1. Understand the importance of ethics in the accounting profession and realize potential conflicts of interest that one may encounter in the profession. 2. Begin to learn how to see the inter-relationship between accounting issues, analyse them, and integrate the findings to draw reasonable conclusions. 3. Begin to learn the basics of case writing and communicate effectively. 4. Understand the importance of teamwork and learn how to develop work plans and resolve conflicts. The...
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...LOGISTICS. A REVIEW OF LITERATURE1 Isabel Fernández Quesada2 ABSTRACT This paper aims at providing a review of Reverse Logistics concept from a broad set of articles, published mainly in the last decade. From their reading, the author has detected the lack of a desirable largely accepted consensus on what constitutes Reverse Logistics, either on what the range of activities should be included within its scope or how to denominate each of its options in a not fuzzy way. The clarification of the concept matters for several reasons. On the one hand, most of the so called, environmental regulations -which have been passed in a growing manner, in recent years and in many parts of the world- usually mention some objectives to be reached in certain periods of time, in relation to some of the Reverse Logistics activities (being perhaps the most common one, recycling targets). Given that not only consumers, but also both companies and municipalities are committed with these goals, it would be handy and desirable to have a clear idea of what is meant by each denomination and the implications that each one may have. On the other hand, having a definite guideline of this conceptual framework would allow for some comparative studies about the different levels of implementation within the members of the chain or between different channels, being more accurate and reliable. On the previous literature review basis, the paper concludes by providing a reasoned characterization of this new part of the...
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...Economic Impact of Mega Sporting Events on Host countries Nitika Mangal Table of Contents Table of Contents 2 Chapter 1: Introduction 4 Chapter 2: Aim and Objectives 5 Chapter 3: Literature Review 6 Chapter 4: Analysis 1 - Economic Impact of Atlanta 1996 Olympics 9 Positive Impact 9 Negative Impact 10 Chapter 5: Analysis 2 - Economic Impact of Sydney 2000 Olympics 12 Positive Impact 12 Negative Impact 14 Chapter 6: Analysis 3 - Economic Impact of Sochi 2014 Winter Olympics 16 Positive Impact 16 Negative Impact 18 Chapter 7: Analysis 4 - Economic Impact of FIFA 2010 World Cup, SA 20 Positive Impact 20 Negative Impact 21 Chapter 8: Analysis 5 - Economic Impact of FIFA 2014 World Cup, Brazil 23 Positive Impact 23 Negative Impact 24 Chapter 9: Overall Critical Analysis of Mega Sporting Events 26 Olympics 26 FIFA World Cup 29 Chapter 10: Challenges in Calculating Economic Impact 31 Chapter 11: Conclusion 34 References 35 Chapter 1: Introduction Hosting a sporting event, and that too a mega-sporting event is considered to be a proud moment in the history of any country. It is hard to provide a clear and well defined meaning for the term mega-event, as its difference from a normal event is not just dependent on the number of actual participants. It needs the fulfillment of many different factors...
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...Research Quarterly Published by the Society for Human Resource Management Business Ethics: The Role of Culture and Values for an Ethical Workplace FOURTH QUARTER–2009 Whether in domestic or global companies, ultimately, the commitment to business ethics and the foundation is built through organizational culture, with ethical values reflected in the workplace. Business Ethics: The Role of Culture and Values for an Ethical Workplace Abstract An ethical workplace is established through an organization’s culture, values and leadership. To promote ethical behavior, human resource professionals, people managers and senior management need to be knowledgeable about business ethics—from leadership, codes of conduct and related legislation to compliance training, ethical decisionmaking, and cultural and generational differences around ethics. Transparency, fairness and communication are key for establishing and maintaining an ethical workplace. Introduction In the business world today, issues of trust, respect, fairness, equity and transparency are gaining more attention. Business ethics includes organizational values, guidelines and codes, legal compliance, risk management, and individual and group behavior within the workplace. Effective leadership, with open dialogue and thoughtful deliberation, develops the foundation of an ethical workplace, is woven into the fabric of the organizational culture and is mirrored in ethical decision-making. Toward this end, all organizational...
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...from conversations and conversational interviews with some philosophers of education and other educational researchers. The argument begins with an investigation of different ways of understanding philosophy and philosophy of education in relation to education and educational policy. It then examines first the current policy context and secondly some evidence about the practices of policy makers in relation to ideas and to research. It goes on to present some of the findings from the conversational evidence. The paper is drawn together in the penultimate section where I make some suggestions about possible fruitful relationships between philosophy and policy making. Finally, in the concluding section, I point out some further – thorny – questions that are raised by my analysis, especially in relationship to ethics and social justice. I Introduction: Questions and themes in the paper Philosophers of education rightly want to influence educational policy makers (among others). But are they doing so? And, if so, how? The overall question addressed in the paper considers what kind of ‘philosophy of...
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...BUILDING RESEARCH & INFORMATION (2003) 31(2), 119–133 Lean project management Glenn Ballard1,2 and Gregory A. Howell1 1 Lean Construction Institute, 4536 Fieldbrook Road, Oakland, CA 94619, USA 2 University of California at Berkeley, Berkeley, CA, USA E-mail: gballard@leanconstruction.org Projects are temporary production systems. When those systems are structured to deliver the product while maximizing value and minimizing waste, they are said to be ‘lean’ projects. Lean project management differs from traditional project management not only in the goals it pursues, but also in the structure of its phases, the relationship between phases and the participants in each phase. This paper presents a model of lean project management and contrasts lean and traditional approaches. Four tools or interventions are presented as illustrations of lean concepts in action. Keywords: construction management, Lean Project Delivery System (LPDS), lean project management, project management, value, waste Les projets sont des systemes de production temporaires. Lorsque ces systemes sont organise pour fournir le produit tout ` ` ´s en optimisant la valeur et en minimisant les gaspillages, on dit qu’il s’agit de projets au plus juste . La gestion de ce type de projet differe de celle des projets classiques non seulement au niveau des objectifs vise mais aussi a celui de la ` ´s ` structure des phases, des relations entre les phases et des participants a chaque phase. Cet article propose...
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...jstor.org This content downloaded from 130.243.57.230 on Thu, 15 Oct 2015 13:28:04 UTC All use subject to JSTOR Terms and Conditions SCIENCE MANAGEMENT WjEE. Vol. 54, No. 7, July 2008, 1336-1349 pp. DOI io.l287/nmsc.l070.0838 ISSN 0025-19091EISSN1526-55011081540711336@2008 INFORMS Criteria Decision Making, Multiattribute Multiple Utility Theory: Recent Accomplishments and What Lies Ahead School Helsinki Jyrki Wallenius of Economics, of Business College 00101 Helsinki, Finland, James S. Dyer Administration, University jyrki.wallenius@hse.fi of Texas, Texas Austin, 78712, jim.dyer@mccombs.utexas.edu Peter C. Fishburn AT&T Laboratories, Florham Ralph Terry School of Business, College of Management, University State University Park, New...
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...An Argument for Regulation of the Reciprocal Trade (Barter) Exchange Industry Daniel Evans, Ormita Commerce Network It is well known that trust is the corner-stone of the financial services industry. Keynote speech by Dr Prasarn Trairatvorakul, Governor of the Bank of Thailand, The Asian Banker Summit 2012 “Trust as a Pillar of the Industry”, Bangkok, 26 April 2012. Introduction Trust is a critically important ingredient in the recipe for well-functioning markets and a successful and vibrant economy. Unfortunately, due to market scandals, incompetence and fraud, trust in our neighbours is something that is in shorter supply today than any other time in history. As Alan Greenspan once remarked: "[O]ur market system depends critically on trust—trust in the word of our colleagues and trust in the word of those with whom we do business."1 Despite outward appearances, public confidence in the integrity of the reciprocal trade exchange industry is alarmingly low. While numerous factors have contributed to this problem, one of the most potent is the widespread failure of reciprocal exchange networks of all sizes over the past 30 years. These failures include the spectacular collapses of large commercial exchange networks such as Bartercard (in USA, Canada, India, China, Hong Kong, Singapore, Turkey, South Africa, Jordan 2 3 ), BarterTrust/Tradaq (USA, UK, Canada) 4 , BarterNet/Intagio (Canada, Mexico, USA & Europe) and Bigvine (Australia, Canada, USA)5; through to the dramatic...
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