...Personality Research DOI 10.2224/sbp.2011.39.6.729 TIME PERSPECTIVE AND LIFE SATISFACTION AMONG YOUNG ADULTS IN TAIWAN YU-JING GAO Fu Jen Catholic University, New Taipei City, Taiwan, ROC Profiles of time perspective were explored using a person-oriented approach, and the relationship between balanced time perspective (BTP) and life satisfaction in young Taiwanese adults was examined. A cluster group was identified that fitted the configuration of BTP as proposed by Boniwell and Zimbardo (2004), that is, high past positive, high present hedonistic, and high future scores, combined with low past negative and low present fatalistic scores. Results showed that there were significant differences in life satisfaction between those with a BTP profile and those without. In addition, logistic regression results showed that individuals with more past-positive or future orientations or less past-negative orientation were more likely to have a high level of life satisfaction. Keywords: balanced time perspective, life satisfaction, cluster analysis, Taiwan, Zimbardo Time Perspective Inventory. People live in continual time flows composed of three temporal frames, that is, the past, the present, and the future. Psychology of time research involves two distinct paradigms, in one of which time is viewed as an objective phenomenon and in the other as a subjective phenomenon (Boniwell, Osin, Linley, & Ivanchenko, 2010). Time perspective (TP) is a key area of research within the psychological...
Words: 2810 - Pages: 12
...PEST Market Analysis Tool PEST analysis method and examples The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool. PEST is an acronym for Political, Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. The PEST analysis headings are a framework for reviewing a situation, and can also, like SWOT analysis, and Porter's Five Forces model, be used to review a strategy or position, direction of a company, a marketing proposition, or idea. Completing a PEST analysis is very simple, and is a good subject for workshop sessions. PEST analysis also works well in brainstorming meetings. Use PEST analysis for business and strategic planning, marketing planning, business and product development and research reports. You can also use PEST analysis exercises for team building games. PEST analysis is similar to SWOT analysis - it's simple, quick, and uses four key perspectives. As PEST factors are essentially external, completing a PEST analysis is helpful prior to completing a SWOT analysis (a SWOT analysis - Strengths, Weaknesses, Opportunities, Threats - is based broadly on half internal and half external factors). pest variations The PEST model, like most very good simple concepts, has prompted several variations on the theme. For example, the PEST acronym is sometimes shown as STEP, which...
Words: 3465 - Pages: 14
...2008 and gradually began to replace General Motors as the world ranked number one car manufacturer. However, the company of the Toyota had a bad year in 2010. They had plenty of manufacturing problems in different countries around the world. So the company needs to recall lots of cars. The incident brought to Toyota big losses. Porter’s Five Forces Perspective and PEST analysis are from different area. Porter’s Five Forces Perspective is used for the analysis of competitive strategy, and can effectively analysis customs of the competitive environment. PEST analysis is a macro-environment analysis. Its’ macro-forces is refers to the impact on all industries and enterprises. Its’ macro-environment can be focus on various situations. The first part is focusing on these two theories that using I chosen the company of Toyota as an example to overview and critique these two theories. Then compare and contrast these two theories. At last, conclusion this report and given some advises for these two theories. 2. Overview and Critique of theory 1 2.1 Overview the Porter Five Forces Perspective Porter five forces perspective has also known as Porter’s five competitive model. This model was first used by Michael Porter (Porter) made. This model was published in 1979 on the "Harvard Business Review" entitled "How to build competitive strategy” and the same mean is “How Competitive Forces Shape Strategy”. Then later in his published "Competitive Strategy" has in the further development...
Words: 2696 - Pages: 11
...Contents Introduction 2 Definition 2 Method 2 Theory and Analysis 2 Conclusion 8 Introduction To establish strategy is an indispensible part of any organisation. It plays an important role in directing and helping organisation to achieve the objectives. In this context, the strategy is considered as the way which organisations communicate with the competitive landscape to obtain the above average return. Therefore, to build an effective strategy, there is a need for profoundly understanding the competitive environment and estimating correctly the resource of organisation. This essay will examine the role of strategy as a “bridge” in order to assist firms to reach their targets in the competitive landscape. Definition There are many ways to definite strategy, however, it can be found that almost of them accept that ‘Strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage’. (Hitt, Ireland and Hoskinsson 2009). Organisational resources include skills of employees, finances, capital equipments, patents and talented managers (Hit, Ireland and Hoskinsson 2009). Organisation resource is defined as ‘an asset, competency, process, skill, or knowledge controlled by the corporation’ (Wheelen and Hunger 2002). Competitive landscape is more complex in the context of globalisation; however, the fundamental constituents of landscape are customers, suppliers and competitors. Method To prove...
Words: 1547 - Pages: 7
...Personal Perspective Paper MMPBL/500 October 18, 2010 Personal Perspective Paper Decision making is an important aspect in everybody’s day-to-day lives. “Decision-making models are all about making good judgments. There are judgments that are emotional, spur of the moment, horseback or back of envelope – quick decision. There are also the rational informed kind” (Stellar Force, 2010, para. 1). I have used all types of decision-making models in my life; however, I am going to discuss how I have used the five-step decision-making model and a SWOT analysis to help me make different kinds of decisions. Five-Step Decision-Making Model I have already earned my Master’s in Business Administration and in doing so; I have learned large amounts of information about different types of decision-making models. However, one of the decision-making models that I have used most in my educational career is the five-step decision-making model. This model a simple five-step process that is easy to follow. The five steps of this model include “1. State the Problem, 2. Identify Alternatives, 3. Evaluate the Alternatives, 4. Make a Decision, and 5. Implement your Decision” (Stellar Force, 2010, para. 3). The five-step decision-making model uses logic and a normal thought process that should be used most of the time in making decisions, especially when they are important decisions. SWOT Analysis Another decision-making model that I have used most of my educational career is a SWOT analysis...
Words: 495 - Pages: 2
...(Arif) Phone: 01717520085(zero one seven one seven five two zero zero eight five ) Assignment Subject: SWOT Analysis Date of Submission: 04.08.2012 Supervised By: Md Abdullah Chairman Department of Marketing Comilla University Prepared By: Md. Iqbal Hossain Patwary ID No: EMBA- 12020701 Department of Marketing Comilla University S.W.O.T. ANALYSIS Identifying my Strengths, Weaknesses, Opportunities, and Threats A SWOT analysis is a term used to describe a tool that is effective in identifying my Strengths and Weaknesses, and for examining the Opportunities and Threats you face. While it is a basic, Straight forward model, it has been a popular business practice for many years because it helps provide direction and serves as a basis for the development of business plans. It accomplishes this by examining the strengths (what an operation does well) and weaknesses (what an operation does not do well) in addition to opportunities (potential favorable conditions for an operation) and threats (potential unfavorable conditions for an operation). Once completed, the SWOT analysis can help determine if the information indicates something that will assist the operation in achieving its objectives (a strength or opportunity), or if it indicates an obstacle that must be overcome or minimized to achieve desired results (weakness or threat). What are the elements of a SWOT Analysis The SWOT analysis stands for the analysis of internal strengths and weaknesses of an operation...
Words: 1059 - Pages: 5
...What is the Buddhist analysis of human life? Introduction It is well known that according to Buddhism, human-being is a combination of ever‐changing physical and mental forces or energies. To have a deep analysis of the human life, Buddhism divides the human beings into five groups as “five aggregates”. This technical term contains the Aggregate of Matter, the Aggregate of Sensations, the Aggregate of Apperceptions, the Aggregate of Mental Formations, and finally is the Aggregate of Consciousness. The five aggregates are essential for Buddhism to analyze human life, which also show that Buddhist analysis of human life focuses more on mind than the physical things. In addition, the examination of the five aggregates is important in Buddha’s teaching for at least four reasons as mentioned below. Firstly, as we all know, all four noble truths focus on suffering and the five aggregates are the ultimate referent of the first noble truth. Therefore, it is important to understand the five aggregates in advance, in order to further analyze the Four Noble Truth. Also, they are the objective domain of clinging and can help analyze the causal origination of suffering in the future. Thirdly, in order to release from suffering, the removal of clinging is an essential step, which is tightly related to the objects around (King 1989, 158). And its tentacles are named as five aggregates. Finally, in order to obtain the wisdom that can have a clear and accurate insight into the real nature...
Words: 2907 - Pages: 12
...The Qualitative Report Volume 8 Number 3 September 2003 447-461 http://www.nova.edu/ssss/QR/QR8-3/mccaslin.pdf The Five-Question Method For Framing A Qualitative Research Study Mark L. McCaslin University of Idaho, Idaho Falls, Idaho, USA Karen Wilson Scott University of Idaho, Idaho Falls, Idaho, USA The Five-Question Method is an approach to framing Qualitative Research, focusing on the methodologies of five of the major traditions in qualitative research: biography, ethnography, phenomenology, grounded theory, and case study. Asking Five Questions, novice researchers select a methodology appropriate to the desired perspective on the selected topic. The Method facilitates identifying and writing a Problem Statement. Through taking a future perspective, the researcher discovers the importance and direction of the study and composes a Purpose Statement. The process develops an overarching research question integrating the purpose and the research problem. The role of the researcher and management of assumptions and biases is discussed. The Five-Question Method simplifies the framing process promoting quality in qualitative research design. A course outline is appended. Key words: Qualitative Research, Five-Question Method, Biography Research, Phenomenology Research, Grounded Theory Research, Case Study Research, and Ethnography Research Introduction Planning a qualitative study for the first time tends to be an intimidating venture for graduate students just entering...
Words: 6473 - Pages: 26
...ABSTRACT The purpose of this project is to determine multinational corporate sustainability within the oil industry and perform country analysis, industry analysis, and analysis of firm’s international strategies. INTRODUCTION The five oil companies that we chose from the 2010 Global Fortune 500 are ExxonMobil, Sinopec, ConocoPhillips, Petrobras, and Lukoil. In our project, we performed analysis on the 10K report of domestic companies, as in ExxonMobil and ConocoPhillips and the 20F report of foreign companies, as in Sinopec, Petrobras and Lukoil. A comparison was done on the five companies to determine if there exists a corelation between sustainability perspective and financial performance. OIL INDUSTRY ANALYSIS Oil accounts for a large percentage of the world’s energy consumption, ranging from 32% for Europe and Asia, and 53% for the Middle East. The world consumes 30 billion barrels of oil per year, with developed nations being the largest consumers. The United States consumed 25% of the oil produced in 2007. In 2009, world energy consumption decreased for the first time in 30 years (-1.1%), as a result of the financial and economic crisis (GDP drop by 0.6% in 2009). This evolution is the result of two contrasting trends. Energy consumption growth remained vigorous in several developing countries, specifically in Asia (+4%). Conversely, in OECD, consumption was severely cut by 4.7% in 2009 and was thus almost down to its 2000 levels. In North America, Europe and CIS...
Words: 4526 - Pages: 19
...Global strategy and leadership Topic 1 1 briefly outline the development of strategy 2. Examine some of the main concepts that inform our knowledge of strategy and leadership. 3. distinguish between the different approached to strategy The rational approach(有时间顺序)eg. The evolutionary approach The essential purpose of this approach is to assess the organization and its environment, achieve a fit between the two and, on the basis of this analysis, forecast and plan for the future. To maximize profit, organizations should position themselves in the markets to which they are best suited. The example of rational approach is five forces (offers leaders a clear and precise methodology for analyzing an organisation’s industry environment to determine its profitability, and a choice of strategy for optimizing performance in these envirments) This is diagnostic tool. Core assumptions are that the environment and the organization are knowable and definable, and that managers can analyze their industry and match their organization’s strategy accordingly. This model emphasis the role of leaders an d managers in creating and driving strategy and change. The processual approach（无序的，entangled）eg, the systemic approach, fuzzy approach. Strategy is sometimes constructed to make sense of what was happened, as much as it orchestrates what will happen. Distinguish between these tow approaches 1) The processualists, focus more on the competencies of organization in a concern to build the...
Words: 2010 - Pages: 9
...the following issues for both firms. Present your data in the form of a comparative table. Issues Ford Toyota Legal, Social and Economic Environments Management Structure Operational & Financial Issues Analysis of Strategic Intent Social and External Challenges Current Manufacturing Facilities & Distribution System Market Demand & Demographics Alternative Fuels & Propulsion Systems Your document must evaluate, compare and contrast Ford’s and Toyota's current position on these issues. Respond to the following: 2. Take the perspective of Ford's Director of Strategic Planning to develop a full SWOT analysis of Ford, identifying and explaining at least five factors for each category (strengths, weaknesses, opportunities and threats) and propose a complete strategy (implementation, ramification and evaluation) which addresses one of Ford's weaknesses and what you would do about it. 3. Take the perspective of Toyota's Director of Strategic Planning to develop a full SWOT analysis of Toyota, identifying and explaining at least five factors for each category (strengths,...
Words: 280 - Pages: 2
...organization attempts to understand the marketing environment, and the needs and wants of customers while recognizing that competing organization also serve the market. >> Also mean recognizing the organization’s strength and weakness in serving customers. * Consist of a number of stages: an assessment of existing product markets, preparing a detailed financial statement, reviewing the market situation… * Represented by 3 perspective: * Investment perspective * A financial perspective * Market perspective 1. Market perspective: concerned with demand and supply as effecting the market for the value under consideration.>>> leading to a set of receipts and costs 2. Financial perspective: profit contributes to the organization’s dividends and retained earnings which indirectly contribute to the funds available for investment. 3. Investment perspective: allocation of resources among various uses such as physical plant and equipment, research and development and investment in market. >>> 3 perspective are intimately linked; represent an interlocking management system related to various market. -Strategic differentiation: - In order to become successful companies, the leader must invest in the market; also invest in people to ensure that they are capable of managing in different cultures and under different political regimes. - Must also invest heavily in adapting their existing products and services and in developing new products...
Words: 363 - Pages: 2
...The analysis on the development of Chinese Mainland banking industry internationalization Table of Content Introduction 3 1.0 Analysis on capital management based on Basel III 3 1.1 Potential risk determinants 3 1.1.1 CRAR based on Basel III 3 1.1.2 NPL perspective 4 1.1.3 Internal risk control system 4 1.1.4 The fund sourcing exploration through finance innovation 5 1.2 The risk identification 5 1.2.1 Risk of local government financial platform 5 1.2.2 NPL and Due Diligence Investigation 5 1.2.3 Risk of lending to SMEs and Derivative Deposit problems 5 1.2.4 Risk of collateral assets auctions 6 2.0 Analysis on internationalization of operation overseas 6 2.1 Key factors identification and comparison 6 2.1.1 Operation efficiency on ROA and ROE perspective 6 2.1.2 Operation scale and scope 7 2.2 Government potential influence on policies and regulation 8 2.3 Challenge and Risk based on the analysis 8 2.3.1 Strategic partnership with developed bank 8 2.3.2 Human Resource management 8 3.0 Analysis on internationalization of interest rate liberalization 8 3.1 Government potential influence on policies and regulation 9 3.2 Comparison between Chinese Mainland banks and HSBC 9 Conclusion 9 Appendices 11 Reference 13 Introduction From 2013, the trend of catching up with international standard and increasing Chinese banking competitiveness is under the agenda of PBOC through the frequent policies transformation...
Words: 2792 - Pages: 12
...Final Strategic Plan The recording industry, as it exists today, is witnessing reduced profits and high barriers in place for new artists. These barriers occur due to the diminishing profit margins and record labels cautious decisions on offering new contracts to artists. The organization that I will be starting is a digital recording and music distribution company. The company will offer recording facilities and internet distribution at a reduced price to new and existing artists. The recording facilities will provide state of the art equipment, professional staff, and worldwide distribution. The company will rely on the use of strategic management and planning. Strategic management is defined as “development of corporate strategy, and the management of an organization according to that strategy. Strategic management focuses on achieving and maintaining a strong competitive advantage” (CBS Interactive Inc., para. 1, 2009). To put it simply, strategic management is focused on creating a solid framework in which individuals and departments within the business will operate at the highest level possible. This type of management is critical to the long term success of a business or firm due to the reliance on strategic planning. According to InvesterWords.com (2009), strategic planning is defined as “The process of determining a company's long-term goals and then identifying the best approach for achieving those goals” (strategic planning, para. 1). Strategic planning...
Words: 4950 - Pages: 20
...communities across the nation yearly. The minimalist versus maximalist theory’s has been the primary discussion for victimization in criminology where one perspective decides to look at more variations for the violence, and the other takes the crimes to the necessary degree to provide of government legislatures (NCVC, 2010). With today’s society modernized through time, Americans understand the existing problems of sexual exploitation and violence that is an ineluctable dilemma in society. The cases of domestic violence increase to more than fifty thousand lives which are from violent episode reports. Many victims are in urban communities that have subsidized housing that endure the abuse of their significant other to avoid being evicted if the landlord is alerted of any disturbances involving the tenant. This is a requirement of the public housing assistance program that women receive with low income called Section 8. These women fear reporting the violence against them because there are not many places to go, so they stay and, endure the domestic violence. For the women who do have the strength and courage to report these crimes they are forced to search for refuge in local homeless shelters for temporary shelter (NCVC, 2010). These sexual assault and domestic disturbances for urban communities increased by twenty five percent, and there needs to be newly adopted ways to assists these individuals and families. The organizations that specialize in domestic violence...
Words: 1374 - Pages: 6
