Ecomomic Regulation or competition policy Research Paper

Ecomomic Regulation or competition policy - Research Paper Example The relationship between Competition policy and Economic regulation will also be discussed. Comparison of the two approaches and the synergies that it will bring if both are used by the same agency. We also discuss some other concepts which include AJ effect and rate of return regulation. Literature Review In this literature review we will discuss in detail various concepts related to the topic. Economic Regulations George Stigler was the pioneer of the theory of economic regulation. He suggested that as rule regulations are designed in such a way that they benefit the industry who acquire them rather than protecting or benefitting the public. (Vane) He integrated the economics of regulation and economics of politics. According to him same analysis tools should be applied to both because both of them display self interested rational behavior. Economic regulation is a form of antitrust law in traditional economics through which concentration of wealth is controlled. The major objectiv e was that private motives of accumulation of wealth do not hurt the public interest. It was introduced to safeguard public interest. The intension was to protect public from economic abuses such as unreasonable prices, anticompetitive activities, to protect from sale of unethical products which are hazardous for health and safety of the public. The basic role of regulators was of the watchman of the public interest. In addition to that the role of regulators is of preventing monopoly and preserving competition. (Cochran) Background The regulatory scene which we witness today is significantly different from what it was in 1980’s. This phenomenon is due to massive privatization which gave birth to new regulatory apparatus. This process of privatization is now an international affair. Hence many countries and regions are now following this deregulation by trying to implement the best practices in other systems and avoiding the worst mistakes. A major problem with the deregulati on is that it is based on very weak logical foundation of improving efficiency. In the absence of competition this may not be the case. (Michael A Crew) Economic Regulation Theories It is important to note that study of regulation cannot be done in isolation. It has to be studied in the social, political and economic context in which it exists. The relative powers of different interest groups play their part in formulating and shaping the regulations. Different regulatory mechanisms interact with each other and once implemented they play an important role as the motives of decision makers. A thorough understanding of regulatory process is thus not possible without considering specific institutions, political structures and actors. Two major theories of government behavior about economic regulations are public interest approach and self interest theory or public choice theory. (Jan) Public Interest Approach According to this theory government intervention or regulation is required on ly to in case of market failure, when market is unable to achieve a particular social objective such as equality. Government intervention is needed to correct this failure. This approach is

Biography Assignment Essay Example | Topics and Well Written Essays - 1750 words

Biography Assignment - Essay Example d as a Prime Minister for two different periods including the 11 year period starting from 1966 and ending in 1977 and then she held the office of Prime Minister for a 4 year period ranging from 1980 to 1984. She was still holding the office when she was removed from the face of the earth through murder and she successfully became the only female Prime Minister in the history of India. This writing will focus on the leadership autobiography of Indira Gandhi and will reflect upon why she is one of the major examples of a successful leader. The way a leader leads is referred to his/her personal philosophy of leadership. Different leaders follow a different philosophy of leadership. Leaders follow the dictatorial, participative, delegative philosophies of leadership. Indira Gandhi and her actions reveal that she followed an autocratic form of leadership philosophy. A leader who follows this philosophy tends to communicate clear expectations that he/she may have from her followers. They do not only inform the followers about what needs to be done, they even tell them how operations are to be carried out. These leaders try to alienate themselves from the followers and create clear distinction between the two in the eyes of others. They themselves make the decisions and do not allow the followers to participate and expect the followers to follow those decisions obediently. One of the reasons due to which it is believed that Indira Gandhi was an autocratic leader is that she was held responsible for conducting acts of corru ption and even after she was found to be guilty, she did not give up her position and instead instated emergency after 19752. This shows that Indira Gandhi thought of herself as someone who is above all and has a higher status as compared to others. She did not only declare emergency. She even disallowed the press to report freely and she even went a step further by detaining members of opposition’s political parties. This shows that Indira Gandhi

Minimalism From Shaker Furniture to Oki Sato Research Paper

Minimalism From Shaker Furniture to Oki Sato - Research Paper Example Minimalism, today, has inspired millions of architects and designers around the world. While many have been exposed to minimalism in one form or another, very few understand and appreciate the underlying thought behind minimalism. Minimalism began as a very disjointed movement. It can be traced back to the time of the Shakers. The Shakers were basically a strong religious communal group of people who believed in simple living. Their belief of simple living extended to their architecture and furniture design which carried traced of minimalistic design. However, Minimalist design did not begin as a proper movement until the twentieth century. Minimalism in design gained momentum as a reaction towards Abstract Expressionism. It follows the principles of achieving more in less. Negative spaces in minimalist design are not feared; rather they appreciated by exposing them to bright white light. Oki Sato is one designer who appreciates the beauty of minimalism. For him, minimalism is beauti ful with its simple design. This paper will discuss the simplicity inherent in minimalistic design by exploring the characteristics of both ancient and modern minimalistic design. The Shakers represent the old minimalistic style while Oki Sato through his design studio, Nendo represent the modern take on minimalism. Because simplicity in design is straightforward, this paper displays the progression of minimalism from Shaker furniture to the more modern Oki Sato designs. The paper will first focus on defining the scope.

Memo- Gazprom and Itera Essay Example for Free

Memo- Gazprom and Itera Essay In the case study of Gazprom and Itera, we see how different companies and governmental organizations can potentially be able to exploit a large company such as Gazprom for a large profit. Gazprom is a large gas and oil company that is valued very cheaply compared to other large oil and gas companies (such as Exxon Mobil). Browder is a shareholder of Gazprom that identifies several questionable transactions that were done by Gazprom and other organizations that have relationships with Gazprom. He is questioning why the undervaluation could have occurred based on the business being conducted by the oil giant. The problem that exists for Gazprom is that the market perceives the company to have lost 99 percent of its assets, completely devaluing the price of its goods. In reality, only 10 percent of its assets were stolen, and the market is slowly trying to catch up to that truth. Browder is attempting to identify the transactions in order to solve the large problem at hand. These transactions include organizations that work with Gazprom such as Itera (a gas trading company) and PricewaterhouseCoopers (their internal auditor) devaluing the gas and oil Gazprom held in certain situations and reselling it for a profit. In one example, Itera bought gas valued at $35 a barrel from Turkmen gas and resold it to Gazprom for $45 a barrel. PwC thought this difference was acceptable due to transportation costs, even though those were already taken care of separately. In general, the lack of transparency and accountability being administered by management in Gazprom and its partner companies was a fail ure to its stockholders. Browder’s recommendations to the Russian government are vital, mainly due to the fact that it has a 38% controlling stake in Gazprom. Because the vast majority of the operations conducted by Gazprom occur within Russia’s boundaries, it is up to the government to set the correct standards and close loopholes so that organizations and individuals will not exploit such situations. Browder’s recommendations to the U.S. and to the Board of Directors of Gazprom could be essential for enacting change within the  corporate environment to prevent such scrupulous transactions. Though these changes could prove helpful in the reorganization of the company in the long run, the international political environment does not provide Gazprom with the best situation. The fact that Russia’s governmental body has so much stake in the company can greatly complicate things due to the personal influence of those running the government. Several members of the Russian government could fulfill a personal agenda using the government’s stake in the company as leverage (this could have been the case potentially with these transactions). This is also the case with PwC and Itera, both with a lot of power to take advantage of loopholes and other lucrative situations when it comes to Gazprom. There are several things Browder can do to combat this situation, but I think his strategy will be a difficult one to execute alone. He would need to collect more shareholder power before he steps forward with the resolutions. Involving the U.S. and Russian government will be difficult due to the lethargic manner in which these situations can be resolved. Taking care of the company from within should be he first move, but only with the appropriate number of people backing his plan.

The Fifth Child Essay -- literary Analysis, Doris Lessing

The intricate complexity and astonishingly realistic descriptions of space in Doris Lessing’s The Fifth Child masterfully illuminates society’s dire inability to cope with it’s imperfection. Society demands immaculate perfection, a world free of defect, and the lust to live in a flawless utopia drives the identification and elimination of crude invalids. These desolate individuals are feared and deemed to be barbarous degenerates who must be placed beyond the boarders of functioning society to assure an uncorrupted world. Less desirable beings are cast into heterotopias or â€Å"counter-sites† while society denies their existence and feigns perfection. Lessing’s novel tears this image down and hastily exposes society’s despicable attempts to marginalize, blame, and exile those regarded as abnormal and dysfunctional in the supposedly immaculate world. In The Fifth Child the precisely executed heterotopia of the institution draws on this theor y of a parallel space as a capsule for undesired bodies and Harriet, the mother of a repugnant beast, is victim to society’s brutality. Harriet is an outcast and her remarkably horrific interaction with the cruel institution further alienates her from her family and miserably casts her into her own tumultuous heterotopia. Throughout the novel Harriet’s striking differences are juxtaposed against the societal trends of the time and she is commonly viewed as a misplaced oddity. Early descriptions in The Fifth Child define Harriet as abnormal and her image places her outside of the robust and transitional society in which she lives. Harriet is a curious misfit and she â€Å"sometimes felt herself unfortunate and deficient in some way† (10). This recognition of inexplicable peculiarities soon establishe... ...ly illuminates and exploits the despicable views and problems in society. The novel exemplifies society’s elitist attitude and unjust marginalization of individuals who are regarded as degenerate, invalid and grotesque through Harriet. Her harrowing interactions with the magnificently developed and horrific institution highlights the pathetic attempts of society to displace individuals and dispose of them beyond their functioning boarders. In addition, Harriet’s parallels with the institution lead to her alienation from the world. She is regarded as grossly unnatural, criminalized, and left alone to raise her difficult son Ben. It is clear that Harriet’s unfortunate interaction and connection to the ghastly institution uncovers society’s unforgiving demeanor and demonstrates the terrible and irreparable rift between misunderstood, peculiar individuals and the world.

Employee Motivational Theories and Concepts Essay

Numerous theories on the subject of employee motivation have been developed and published for the better part of this century. While early employers thought of their workers as just another input into the production of goods and services (Lindner, 1998), employees were becoming increasingly dissatisfied with working conditions and malevolent management. As post-war, labor tensions mounted in the 1920s, employers needed to change their approach to employee relations if they were to avoid costly, and sometimes violent, labor strikes. Early motivational theories set the foundation for the development of 20th century concepts, including the move to get â€Å"Googled† and motivational techniques based on business strengths found in the corporate toolbox. Early Motivational Theories George Elton Mayo, an Australian-born psychologist and Harvard Professor, began significant research in 1927 in an attempt to demonstrate that employees, if appropriately motivated, are more productive and can achieve greater return through appropriate human relationship management techniques (Trahair & Zaleznik, 2005). This research, referred to as the â€Å"Hawthorne Studies,† found that employees are not only motivated by financial gain, but also by the behavior and attitude of their supervisors. During these studies, the employees responded positively to the mere fact that they were receiving attention from their supervisor as a result of the experiment. In his article, Gordon Marshall (1998) noted that â€Å"the term ‘Hawthorne effect’ is now widely used to refer to the behavior-modifying effects of being the subject of social investigation, regardless of the context of the investigation. More generally, the researchers concluded that supervisory style greatly affected worker productivity† (para. 1) and that â€Å"enhanced productivity therefore depends on management sensitivity to, and manipulation of, the ‘human relations’ of production† (para. 2). This represented a dramatic paradigm shift for employers and theorists alike. Subsequent to the conclusion of the infamous Hawthorne Studies, five primary motivational theories have developed that have increased the understanding of what truly motivates employees. They are Maslow’s need-hierarchy, Hertzberg’s two-factor system, Vroom’s expectancy theory, Adam’s equity theory, and Skinner’s reinforcement theory. Maslow identified that employees, in general, have five primary levels of needs that include psychological (e.g. air, food, shelter), safety (e.g. security, order, stability), belongingness (e.g. love, family, relationships), esteem (e.g. achievement, status, responsibility), and self-actualization (McLeod, 2007). Maslow further noted that, in order to provide motivation, the lower levels would need to be satisfied before one progressed to the higher levels. Hertzberg classified motivation into two, distinct factors. He believed that intrinsic factors (or motivators) produce job satisfaction through achievement and recognition while extrinsic (or hygiene) factors produce dissatisfaction. He identified extrinsic factors to be associated with compensation and perceived job security, or lack thereof. Vroom theorized that demonstrated effort would lead to performance which, in turn, would lead to reward (either positive or negative). The more positive the reward the more highly motivated the employee would be. To the contrary, negative rewards would result in a lesser motivated employee. Adams found that employees want to ensure that there is a sense of fairness and equity between themselves and their co-workers. He believed that equity is achieved when employees are contributing, in terms of input and output, at the same rate. Skinner’s theory was likely the most simplistic, He established that employees will repeat behaviors that lead to positive outcomes and eliminate or minimize behaviors that lead to negative outcomes. He conceived that, if managers positively reinforce desired behavior, it would lead to positive outcomes and that managers should negatively reinforce employee behavior that leads to negative outcomes (Lindner, 1998). James R. Lindner, Professor of Management and Research at Ohio State University, has conducted extensive research on this topic. In his paper â€Å"Understanding Employee Motivation,† he further extrapolated on the five theories, providing a comparative analysis, and offering a summary definition that focuses on the psychological process and â€Å"inner force† associated with the accomplishment of personal and organizational goals (Lindner, 1998). 20th Century Concepts In addition to studying popular theories associated with employee motivation, Lindner (1998) includes the methodology and outcomes of an independent study, conducted at Ohio State University, that sought to rank the importance of ten motivating factors. The results of this study were compelling; with â€Å"interesting work† ranking as number one over other more commonly identified motivators, such as wages and job security. In comparing these results with Maslow’s hierarchy of needs, among others, he found that the results are mixed, with the highest ranked factor (interesting work) being one of self-actualization and contrary to Maslow’s findings (Lindner, 1998). This presents a divergent result that challenges Maslow’s assumption that the lower needs must be satisfied before a person can achieve their potential and self-actualize (McLeod, 2007, para.16). This does not negate Maslow’s work, but rather demonstrates that a natural evolution may have taken place with the modern workforce due to the progression of motivation strategies. This is a credit to the work of early theorists, and a call to arms for those that continue this research. Get Googled But history has yet to definitively answer the question, â€Å"what is the best method(s) to motivate employees?† The imprecise answer continues to be: it depends. Many successful organizations incorporate a variety of programs aimed at motivating their employees, based on their specific population. Google Inc., for example, is leading the way to restructure management so that employees can streamline creative ideas that produce blockbuster new products. They are rewarding employees with perks like onsite swimming pools, allowing employees to bring their pets to work, providing onsite child care, and all the free food employees want (â€Å"How Google Inc. Rewards Its Employees,† 2010, Thinking Leaders, para.1). While this may not be realistic for every organization, there is something to be said about the fact that Google, Inc. is consistently ranked by Fortune magazine as the best place in the U.S. to work. However there are things that a company can do to motivate their employees that are low or no cost and likely already exist in their corporate toolbox. The Corporate Toolbox Most successful organizations pride themselves on their ability to promote their product or service to achieve the desired level of profitability. They develop strategic plans, set production goals and persuade their customers that they are best of the best in their field. They are advertisers and peddlers of wares. So what does this have to do with motivation? Robert Hershey, Director of James E. Rogers College of Law at the University of Arizona and contributing author to the Journal of Managerial Psychology, contends that there is a significant correlation between an organization’s ability to successfully promote their business and thrive at motivating their employees. He notes that â€Å"we do not need one more theory of motivation; we need better insight into the psychology of advertising. We can take some tried-and-true product advertising techniques that have been found to be effective and use them in a human resources and management context. But before we do that, the point must be made that, as a practical matter, our vocabulary and attention require a shift from the motivation jargon of needs, expectancy, two-factor theories, etc., to an emphasis on communications practices, because persuasion requires the transmission of information† (Hershey, 1993). If Hershey is correct, then an emphasis on communication and inclusion would create an environment ripe for employee motivation. One could also argue that, if communication is key, allowing input and empowered decision making is the next logical step to producing a motivated employee. Carolyn Wiley, Professor of Business at Roosevelt University, concurs with this notion and provides the following supporting statements in her article â€Å"Creating an Environment for Employee Motivation†: When employees have an opportunity to provide input, this increases their survival rate and their sense of commitment. In many very small companies, a natural sense of owners hip often develops among the employees. However, as companies grow, feelings of ownership and commitment start to decline. To increase commitment as the organization grows, managers must change how they define who retains control. Shared decision making is essential both to company success and employee survival. Workers generally do not resist their own ideas and decisions. Rather, they are motivated to fulfill them. (Wiley, 1992, para.14) While this may seem threatening to traditional leaders, it should not be viewed as surrendering control. Employees that are empowered through inclusion are ambassadors for organizational success. It is only through mutual success that both the employee and company thrive. It seems so simple, but eludes even the most progressive of companies. Most organizations are more inclined to spend thousands of dollars creating recognition programs, building home office environments, developing bonus structures and hosting employee appreciation events rather than recognizing that most employees are merely looking to be valued. The same attention that motivated the Hawthorne workers applies to the modern employee who just wants to contribute and receive credit for their effort. Conclusion There is certainly compelling evidence to indicate that employee motivation comes in many forms. Whether one places their belief in the theoretical assumptions of a Maslow or Hertzberg, their financial backing in the creation of a Google-esque environment, or capitalize on their organizational strengths to communicate and persuade, there is clear agreement that the ability to successfully motivate employees is essential for corporate success and sustainability. The concept of positive human relation management has finally taken its place at the forefront of organizational strategies and, with it, the evolution of employee motivation. References Trahair, R. & Zaleznik, A. (2005). Elton Mayo: The Humanist Temper. New Brunswick, NJ: Transaction Publishers Marshall, G. (1998). A Dictionary of Sociology; Hawthorne Studies. Retrieved from Encyclopedia.com: http://www.encyclopedia.com/doc/1O88-Hawthornestudies.html Lindner, James R. (1998). Journal of Extension; Understanding Employee Motivation. Retrieved from http://www.joe.org/joe/1998june/rb3.php McLeod, S. A. (2007). Simply Psychology; Maslow Hierarchy of Needs. Retrieved from http://www.simplypsychology.org/maslow.html How Google Inc. rewards its employees. (2010). Retrieved from Thinking Leaders website: http://www.thinkingleaders.com/archives/517 Hershey, R. (1993). A practitioner’s view of motivation. Journal of Managerial Psychology, 8(3), 10-10. Retrieved from http://ezproxy.arbor.edu:80/login?url=http://search.proquest. com/docview/ 215865845?accountid=13998 Wiley, C. (1992). Create an environment for employee motivation. HR Focus, 69(6), 14-14. Retrieved from http://ezproxy.arbor.edu:80/login?url=http://search.proquest.com/ docview/206781828?ac countid=13998

Arm Holdings Strategic Swot Analysis

This paper evaluates the strategic position and activities of the microchip producer ARM by means of a PESLE analysis and a Porter's six forces analysis to review the company's internal and external environment. Using these analytical tools, the author deems how well ARM's strategy fits within the constraints of the external environment, the distinctive elements of ARM's products and services that distinguish it from its competitors and the sustainability of this strategy in the long-term.The paper concludes that, while presently the semi-conductor industry is significantly challenging, ARM has developed a differentiated strategy, which is capable of competing with large rivals, such as Intel, and which is sustainable over the long-term sustainability. Table of Contents: Executive Summary Introduction Environmental Analysis PESTLE Analysis Competitive Stance Porter's Six Forces Analysis Scale and Scope Analysis of Strategy Evaluation of Sustainability Description From the Paper Sampl e of Sources UsedRelated Papers Cite this Analytical Essay Comment & Share From the Paper: â€Å"Overall it would appear that ARM is making use of a differentiated generic strategy. Here while in general terms the industry for microchips may be seen as one which has become increasingly commoditised in recent years with large incumbent suppliers such as Intel focusing upon producing large volumes at low costs (Roca and Sills, 2011). ARM would seem to have adopted an alternative approach in attempting to develop a niche product hich outperforms cheaper micro chip products in terms of energy efficiency and size. In other words, it may be seen as ARM has built its differentiated generic strategy based upon re-evaluating the needs of its customers and potential customers who have show a clear desire to purchase a generation of microchips which are suitable for inclusion in a range of communications products such as smart phones and tablet computers (hence need to be smaller).In addition , ARM may also be seen as attempting to tap into the growing market for energy efficient products which give numerous benefits to the consumer including cost savings, a feel good factor and in the case of industrial buyers, the ability to market their own products within increased environmental credentials†. Sample of Sources Used: BBC News. 2010. The ups and downs of social networks. Available online at: http://www. bbc. co. k/news/technology-10719042 [Accessed on 22/03/12]. Butterton, G, R. 1996. Pirates, dragons and the US. Intellectual property rights in China. Ariz legal review. 1081. Begg, D, Fischer, S, Dornbusch, R. 2008. Economics. 9th ed. London: McGraw-Hill. Economist. 2012. Space invaders. Available online at: http://www. economist. com/node/21542402 [Accessed on 22/03/12]. Grant, R, M. 2008. Contemporary strategy analysis. 6th ed. Oxford: Blackwell Publishing.

F. Scott Fitzgerald and Gatsby Essay

F. Scott Fitzgerald and Gatsby Essay F. Scott Fitzgerald and Gatsby Essay THE GREAT GATSBY 1. The narrator of the novel the great Gatsby is Nick Carraway. Nick Carraway was from Minnesota in the middle west of the United States. 2. F. Scott Fitzgerald’s first initial impressions given of Gatsby in chapter one were that Gatsby was the type of person that was very sensitive and would give unbroken series of gestures to people. His impressions of Gatsby were very positive as Mr Gatsby was a good hearted man. 3. The reason why Daisy says that she hoped her daughter would be a beautiful fool was because that was expected of women in her world. 4. The type of relationship that Tom and Daisy have was the type of relationship that was just hanging around. There was no real love in their relationship because Tom was cheating on her b having Myrtle Wilson on the side. Tom was married to Daisy for convenience. 5. The first detail about Gatsby parties were he didn’t really invite anyone he just didn’t care much he just loved to throw parties there were no real invitations that were given out it was just be there for the life of the party. The second detail about Gatsby parties was there were only celebrities and the rich. The third detail of Gatsby parties was there was lots of drinking and dancing. 6. The first reason that keeps Nick from falling love with Jordan because he had women back in his town. The second reason was he has to carefully break off the relationship with his other woman and then he would be free. 7. The first factor Gatsby outlines about his background is he was a soldier in the United States in the Great War, that’s when he falls in love with Daisy. The second factor Gatsby outlines about his background is after the war he had to attend Oxford College in England. The third factor Gatsby outlines is he returned to New York after finding out Daisy was with another man and he started to make a lot of money with illegal business. 8. The first rumour that was about Gatsby was that he once killed a man. Another rumour was that he was a German spy. Another rumor about Gatsby was that he was a bootlegger and another rumour was that he had an underground pipe line to Canada. Another rumour was that he was also an oxford man. The reason people cared so much is because a lot of people know of him and because a lot of them are people that are always at the parties that Gatsby puts on. 9. The nature of Gatsby and Daisy relationship was extremely complex. She was

Purpose of the Product Essay Example

Purpose of the Product Essay Example Purpose of the Product Essay Purpose of the Product Essay Shearer 1 didnt sell very well, but Paul Porter claimed this wasnt the purpose of that particular product. What was the purpose of the product? It was meant to get the community to recognize that Kodak really knows what Its doing when It comes to digital technology. Kodak pays close attention to the market place and what Is happening wealth social trends. They research consumer needs, technology needs and business needs through a series of social Interactions with consumers. This may include designers and business research personnel going out to the public to do interviewing with consumers or developing focus group programs or ethnographic research to identify what those consumer needs are. Through this information of fine details, the designers begin to develop relative design solutions to exactly what the consumer said along with trouble shooting or hypothetically guessing as to where the trend of product designs will lead, thus making technology needs more applicable within short time frames and structuring new ideas that perhaps the consumer hadnt thought of yet. This in turn supplies the needs of the market irately because It provides a cutting edge on the marketable technology and It always puts Kodak one step ahead of the competition. By Identifying consumer wants and needs, Kodak Is able to show the community exactly what was stated In beginning; that they know what thieve doing when It comes to digital technology because they have built a business strategy to do so. Thats the real purpose of this product. 2. What kind of new product was Shearer 1? The Shearer 1 was a new novelty/innovative product (digital camera) designed to test the strengths and weakness of the technological market, to see what consumers anted in a digital camera and what they didnt. It was a simple compact, point and shoot camera that held a 10 mega pixel, optical zoom lens. The camera actually has the option of a dual lens: a zoom lens in a very small package, and the other was a wide angle lens for wide photography. It is also Wi-If capable for uploading photos to mainstream over the Internet. It takes solid Images, especially outdoors, with Its excellent 3-lunch touch-screen LCD navigational display In the back of the camera that offers 16 scene modes for digital Imaging. It can store up to 1,500 Images and had a NUMB of internal memory support. But the whole hype about the camera was centered on Wi-If capability, but to Kodak, this was just an experimental process to see where this kind of technology would lead. The digital dynamics was another test factor, to see if consumers would be kept engaged to the product and its unique detailing, like moving or transparent imagery. What the main focus for Kodak would be is to get the right product out to the right consumer, and such a diversity of consumers always demands a diversity of products for those consumers. . Discuss the product development process at Kodak. Since it Is critical to constantly update and upgrade your product in the market place, the product development process Is a highly competitive process at Kodak. The first agenda would be focused around design and usability because of the fact that It Is a powerful marketing tool. Industrial designers are designated to make the product look good or appealing and consumer friendly so as to catch the attention of the workflow simple on their device that they are designing. Because they simplify the genealogical aspects of the product, this promotes the concept that Kodak products are easier to use above any other competition. Then the user interaction designer works specifically with internal electronic design, thus they make the product more exciting. The next and final step would fall into the graphic designers hands. They are predominately responsible for doing graphics or pictures for packaging; again, an attempt to catch the consumers attention by looking upon a box or display. Then the product goes out to market and data analyzing is conducted monthly to view revenue for their new product.

Kosmoceratops - Facts and Figures

Kosmoceratops - Facts and Figures Name: Kosmoceratops (Greek for ornate horned face); pronounced KOZZ-moe-SEH-rah-tops Habitat: Plains and woodlands of North America Historical Period: Late Cretaceous (75-65 million years ago) Size and Weight: About 15 feet long and 1-2 tons Diet: Plants Distinguishing Characteristics: Quadrupedal posture; ornate skull with numerous horns and downward-curving frill About Kosmoceratops For years, Styracosaurus held the title as the worlds most ornately decorated ceratopsian dinosauruntil the recent discovery of Kosmoceratops (Greek for ornate horned face) in southern Utah. Kosmoceratops sported so many evolutionary bells and whistles on its massive skull that its a wonder it didnt topple over when it walked: this elephant-sized herbivores head was decorated with no less than 15 horns and horn-like structures of various sizes, including a pair of large horns above its eyes vaguely resembling those of a bull, as well as a downward-curving, bizarrely segmented frill completely unlike anything seen in any previous ceratopsian. As is the case with another recently discovered horned frilled dinosaur, Utahceratops, the strange appearance of Kosmoceratops can at least partially be explained by its unique habitat. This dinosaur lived on a large island in western North America, called Laramidia, that was demarcated and bordered by the shallow Western Interior Sea, which covered much of the continents interior during the late Cretaceous period. Relatively isolated from the mainstream of dinosaur evolution, Kosmoceratops, like the other fauna of Laramidia, was free to progress in its bizarre direction. The question remains, though: why did Kosmoceratops evolve such a unique combination of frill and horns? Usually, the main driver of such an evolutionary process is sexual selectionover the course of millions of years, female Kosmoceratops came to favor multiple horns and funky frills during mating season, creating an arms race among males to outdo one another. But these features may also have evolved as a way to differentiate Kosmoceratops from other ceratopsian species (it wouldnt do for a juvenile Kosmoceratops to accidentally join a herd of Chasmosaurus), or even for purposes of communication (say, a Kosmoceratos alpha turning its frill pink to signal danger).

Business Report of Studentbeans Website Essay Example | Topics and Well Written Essays - 1250 words

Business Report of Studentbeans Website - Essay Example The three sections of website are: Easy money, Student 101 and World Weird Web. The goal is make students life in college as impressive and easy as possible. Unlike other students card saver schemes, this website is easy to use and does not cost one any money, registration is free. One is allowed to add or comment on areas that need improvement (Studentbeans Website). Background of the Study University life is such hard times for some students especially those from humble and unsupportive backgrounds. The challenges vary from financial, academic to social. Lack of adequate food and money for survival is a common phenomenon. Boring lectures, complicated assignments and marks awarding that depends on the student-lecturer relationship, uncooperative roommates and misleading friends is yet another problem. Another one is the search for ideal partners, relationship related problems and so on. Suicide, drinking, seeking spiritual support and attempt to live beyond means are some of the sol utions to their problems. Hence, students always need advice on budgetary control and interactive forums to learn from each other and be able to cope with life. Studentbeans website is such a brilliant idea. The Easy Money section of the website is concerned with saving money when required. Articles in this section cover topics such as hints, tricks and advice about saving cash, making money and working on a budget. The students 101 stories are concerned with campus life and anything that is appealing in the university life. Stories can either be funny or serious but must be appealing and educating. The world weird web contains fascinating, amusing and bizarre stories that make people go crazy. They are rated on the basis of credibility and freshness. The subdivision of sections is such a revolution because other sites do not categorise their sites according to sections (Studentbeans Website). In the modern business world, companies are charged with the task of making decisions abou t strategic uncertainty of what other companies might wish to do. These decisions vary from future market sizes, costs, and economic situations to bureaucracy. This means that companies are playing games with others, a game that involves a player and a chance. In this game, companies must take into account the role of information and awareness and what other companies can do or not. Studentbeans serves to provide students with money saving advice, games, discounts, content and articles related to life. In so doing, they have attracted hundreds of subscribers across the universities in the United Kingdom. Having analyzed other services provided to students such as students’ card saver schemes, the assumption is that the site is cheap (Hofer 1975, p84). Case Study Analysis Within any industry or market, some companies or organisations will surely outperform others. Like resources, capabilities are a valuable in a company in helping create a strong demand for its products and se rvices and lowering its costs. Similarly, the strategies that a company adopts can help it acquire new resources and capabilities or enhance the already existing resources and capabilities. Competitive advantage is the strategic advantage of a particular business venture over other businesses of the same (Hill & Jones, 2012 p13). Competitive Advantage Theory The theory was stipulated by Michael Porter in 1985.

IT Business Alignment Coursework Example | Topics and Well Written Essays - 7000 words

IT Business Alignment - Coursework Example This essay aims at reviewing how IT should be greater aligned with the business requirements and strategic goals in order to avoid falling into the misalignment trap. This goal could be achieved by realizing that IT has become a critical tool -or even a driver- for the achievement of business strategic goals. The essay defines "IT business alignment" and "IT governance" and the relationship between them in the first place. Then, it gives an idea about the importance of IT business alignment, IT business alignment current state in order to realize the gap between IT and business strategic goals and the increasing awareness and need for alignment. First of all to realize exactly what is meant by IT business alignment concept, the essay will define the "IT business alignment" concept talking into consideration that "the history of theory-building around the concept of alignment is still young and has only been going on approximately 15 years" Ekstedt, Mathias et al (2005). Tapia, Roberto Santana (2006) gives a simple definition for IT Business alignment as "the problem of matching services offered by IT with the requirements of the business". Also, Kavin W. Moody (2003) mentioned, "the term IT alignment is generally used in reference to the alignment of an organization's IT resources with the objectives of its business units". Neil Macehiter and Neil Macehiter and Neil Ward-Dutton (2005), define IT-business alignment as "the process through which businesspeople and IT delivery organizations collaborate to create an environment in which investment in IT and delivery of IT services reflect business priorities, whether IT services are sourced internally or externally; and in which business priorities are influenced by understanding of IT capabilities and limitations." Figure (1): IT-business alignment Source: Neil Macehiter, Neil Ward-Dutton (2005), On IT-Business Alignment So, according to this definition, there are three important elements in IT-business alignment: (1) investment, (2) service delivery, and (3) collaboration in change management. The relationship between the alignment and IT governance is shown in Figure (1). Steven De Haes and Wim Van Grembergen (2004) concluded that IT business alignment is the key element in IT governance so, it can be achieved by acknowledging IT governance as a part of enterprise governance and by setting up an IT governance framework with best practices". They define IT governance as "the leadership and organizational structures, processes and relational mechanisms that ensure that an organization IT sustain and extends its strategy and objectives". However, Ortiz, Aurora Sanchez (2003) defines IT governance as "specifying the decision rights and accountability framework to encourage desirable behavior in the use of IT" After defining IT business alignment giving its elements and its relationship with IT governance, the essay will discuss the transformation of the role of IT in business in order to realize the importance and the need for IT business alignment. Rathnam, R. G. (2004) mentioned that "during the last 30 years, information technology (IT) has become an increasingly integral part of business operations, at the beginning, the use of

The Interview with David Konig - a Professor at the Washington Essay

The Interview with David Konig - a Professor at the Washington University - Essay Example The person I chose to interview in this case was David Konig, a professor at Washington University. The interview was conducted within the institution for the purpose of convenience to the professor. I particularly chose a person in the teaching profession because this is one profession that employs the importance of effective listening most of the time. The interview conducted lasted twenty minutes and these twenty minutes were actually the most insightful minutes I have ever had with regards to the art of listening in individuals. It is of the essence to understand what it really means to listen effectively in the education sector. This is a particularly touchy issue in the sense that when it is taken lightly there tends to be a very high chance that the wrong information will be communicated to the target audience. In education, especially, active listening entails being in a position to communicate to what a person hears from the speaker. The main reason for this is to establish whether the person has understood that which is being passed across. Indeed it is true that listening is a process. In this light, it can be set as a three-step process. These steps are actually the most important if effective listening is to be achieved. The first step is that of comprehending that which is being communicated. This is what will point out whether there is actual communication to the recipient. The next step is retaining the communication that has been received.  

Review of the Strategic Situation of Air Asia X Essay

Review of the Strategic Situation of Air Asia X - Essay Example The essay "Review of the Strategic Situation of Air Asia X" presents a review of the strategic situation of Air Asia X based on the case study â€Å"AirAsia X: Can the low-cost model go long haul?†. This essay also examines AirAsia X’s business environment, analyses AirAsiaX’s current strategy and appraises the strategy. The airline industry in Malaysia is highly developed. The state has emphasized on the industry’s infrastructure so that the services provided in the industry are kept at high quality. The airline industry in Malaysia is a close industry; there are only two competitors AirAsia X and the Malaysian Airline System. Since 2011, efforts have started for ‘a share swap’ between the two firms. The Chief Executive of Air Asia Group would acquire the 20% of the shares of MAS. The terms of this agreement have not been verified by both parties. In the beginning of 2012, the Maybank Investment Bank warned that the country’s airline industry should expect to face strong turbulences due to the recession developed in West. Since 2011, a decline in the industry’s profits has appeared, a trend that leads to concerns about the industry’s prospects in the future. In June 2012 IATA stated that the profits of the global airline industry for 2012 would be expected to be significantly reduced due to the increase in the price of oil and the debt crisis in the European Union. One of the most known frameworks for the analysis of a firm’s strategic decisions is the Five Forces model of Porter.

Kozyndan as a collaboration of the artwork by two artists Essay

Kozyndan as a collaboration of the artwork by two artists - Essay Example They generally draw Panoramas and insert absurd things, considering them to be the whole western notion and have made this their central theme. Commonly known as mad scientists from Los Angeles who are working on a secret formula for controlled nuclear fusion like to take long and deep breaths and dip their heads in raspberry jelly and lemon curd bowls just for fun. They live indoors and don't paint on the walls. They mainly draw panoramas and bring a distinct Asian flavour in most of their work. Their products are perfect examples of new art and the freshness and newness in their work aggravates the urge to know and understand every stroke of the painting. On being asked to describe their work Kozy said: "We want to make stuff that will make people smile a bit. These pieces so far are not so deep - we have been restraining ourselves, though some of our... frustrations we have with what we see around us peep through from time to time. There is some sort of a theme of conflict between the industrialized world and nature. We prefer animals and the natural world to people any day, yet we are wholly sucked into the modern technological world. This kind of just shows up in our work from time to time - it's not a conscious thing. Typically we just think of something that is funny to us, but then looking back at the completed piece it usually has something to do with man's careless disregard for this hunk of rock we live on." This dynamic duo is having their first LA solo show of the year from May 7th to June 4th. Kozyndan paintings have been able to convey their message quite convincingly. They have also brought to light Kozy's narrow and focused eye on every detail of the aspect of their paintings. Kozy and Dan like to illustrate anything and everything out of the ordinary. They have both majored in Illustration and have specialised in digital artwork. Giant Robot magazine gave kozyndan their first break, setting up their first art show, printing their illustrations, and selling their merchandise at the Giant Robot store. Kozy and Dan offer a wide range of artwork including the illustrations, designs, comics and photography. Their works are available very easily across the globe. There are various museums, websites and shops that provide artwork by Kozyndan. Although, it is still believed that these places can not be compared with the variety of articles offered by the Kozyndan shop in LA. Kozy and Dan are married to each other and share their success together. They work in unison and respect and appreciate each other's works. Kozy does the detailed and the intricate drawings. While she works on the backgrounds Dan figures the roles and other details of the characters involved. Then Kozy redraws the sketches in her own style and adds even her own sketches. It is after this that Dan compiles all the characters into the original background and then they paint the pictures. Both of them are animal and nature freaks. In fact they have

Review of the Strategic Situation of Air Asia X Essay

Review of the Strategic Situation of Air Asia X - Essay Example The essay "Review of the Strategic Situation of Air Asia X" presents a review of the strategic situation of Air Asia X based on the case study â€Å"AirAsia X: Can the low-cost model go long haul?†. This essay also examines AirAsia X’s business environment, analyses AirAsiaX’s current strategy and appraises the strategy. The airline industry in Malaysia is highly developed. The state has emphasized on the industry’s infrastructure so that the services provided in the industry are kept at high quality. The airline industry in Malaysia is a close industry; there are only two competitors AirAsia X and the Malaysian Airline System. Since 2011, efforts have started for ‘a share swap’ between the two firms. The Chief Executive of Air Asia Group would acquire the 20% of the shares of MAS. The terms of this agreement have not been verified by both parties. In the beginning of 2012, the Maybank Investment Bank warned that the country’s airline industry should expect to face strong turbulences due to the recession developed in West. Since 2011, a decline in the industry’s profits has appeared, a trend that leads to concerns about the industry’s prospects in the future. In June 2012 IATA stated that the profits of the global airline industry for 2012 would be expected to be significantly reduced due to the increase in the price of oil and the debt crisis in the European Union. One of the most known frameworks for the analysis of a firm’s strategic decisions is the Five Forces model of Porter.

Wealth Inequality in China Essay Example | Topics and Well Written Essays - 1000 words

Wealth Inequality in China - Essay Example For instance, as the People’s Republic of China releases new specific each and every year the show and increased average annual income, this figure is ultimately skewed as a result of the fact that extraordinarily wealthy individuals within Chinese society are impacting upon the way in which such measurements are made and revealing a situation that is not quite the case. As a function of seeking to understand the wealth gap China to a more effective degree, the following analysis will discuss some of them made and causal factors for this wealth disparity; as well as some of the recommended changes that could ultimately seek to promote economic well-being and sustainment of a greater number of individuals within Chinese society. One of the first, perhaps the most important, factor has to do with the fact that China is ultimately struggling to build a middle class. For decades, the People’s Republic of China has begun moving away from hard-line communist ideology is more was society. However, as a direct result of this shift, those individuals that are best positioned to reap the benefits of this change are necessarily those that have close connections to the government for those that were already wealthy at the time in which a level of privatization to be developed. Furthermore, individuals within the lower class of relatively little if any upward mobility that provide access to the middle class is the upper class at a later date. However, it should not be understood that nepotism and/4 corruption with respect to privatization is the largest reason for why China continues to exhibit a particularly horrific wealth gap. Another relevant issue is with respect to culture. Ultimately, Chinese culture is one that places a very high on saving. Accordingly, as money is half down from generation to generation, the compounding impact of this, especially with regard to wealthier families, is an economic dynamic by which the very wealthy leave extraordinarily

Carroway Clothing Essay Example for Free

Carroway Clothing Essay Re: Current accounting issues, employment benefits and financing options. Thank you for the opportunity to address the current accounting issues, employment benefits and financing options facing Carroway Clothing Limited (CCL) 1. SR ED and Development costs treatment: In reviewing the financial statements it appears that the development costs and SRED treatment may not have been recorded appropriately. The SRED are tax credits to be used towards taxable income and should not have been recorded as government grants. Since CCL may not have needed them in the initial years, it can use SRED tax credits against taxable income in the future. It is necessary to identify all SR$ERD activities for proper recording practices so that the credits generated by the SRED can be used against future income. The $975,000 development costs can be expensed or capitalized depending on if the following criteria are met The project is technically feasible CCL intends of complete the project CCL has the ability to use or sell the product There is probability of future economic benefit will be generated Availability of adequate technical and financial recourses CCL has the ability to measure reliably the expenditures attribute to it. Since the Walton Work Wear line is in the production stage, its accumulated development costs should be capitalized. The Carroway Cool Top has not started it commercial production which would allow the development costs not to be amortized yet. Also interest costs on loans to generate financing for the RD activates of a product can be capitalized rather than expensed. The capitalization of interest would allow CCL to reduce taxable income in the future when it is more profitable. I would recommend that CCL make the above changes immediately so that the financail statements are not incorrect. These changes would help CCL reduce its future taxable income when it may be more profitable. 2. Allowance for Doubtful Accounts. CCL currently has no allowance for bad debts. Even though CCL does not have issue with uncollectible, having an allowance account will provide CCL with the ability to write off debts such as the disputed shipment. Without being able to write off the shipment, will leave the Accounts Receivables overstated, which in turn leads to misstated financial statements. Having an AFDA would allow CCL to record the sale but also recognise that they do not expect payment from the client. Leaving this account on the accounts receivable would be misleading to CCLs stakeholders as it would lead them to believe that CCL is expecting to receive the cash in the near future. IF in the future, the dispute is resolved and the payment is received, CCL can recover the bad debt at that time. I would recommend that CCL create a policy regarding Accounts Receivables immediately. The method for determining the bad debt amount should be determined by CCL management. Methods such a percentage of sales or a percentage of Account Receivables can be used. Whichever method is chosen, it should be consistent from year to year and the amount should be reasonable. 3. Long Term Debt or Initial Public offering. CCL is currently looking at an initial public offering (IPO) and long term debt as two options to help finance the new research and development (RD) of new products. The bank loan can provided financial stability but will have the interest repaid over a longer time is higher and would be tax deductible. Banks may require financial statements that are audited. CCL will need to be able to prove that it can repay the loan as well as the interest. It may also be required to maintain a debt to equity ratio that may prevent it from taking advantage of other opportunities in the future. An IPO offering has the potential to increase capital which would improve financial rations such as the debt to equity. The increased cash flow will help CCL pay it current payables and reduce debt by negotiating better interest rates in the future. The disadvantage to an IPO would be the potential to lose control over the company and having to be more accountable to other investors. The IPO would also require the financial statement and note disclosure to conform to more stringent requirements, which increase the cost of producing the financial statements. Financial statements will need to follow IFRS and securities regulators generally require 3 years of annual audited financials. It should also be noted that there is a significant cost to offering an IPO and it can be difficult to evaluate the stock price of the shares. I would recommend that CCL consider the IPO as a viable on to its financing issue as it will be more beneficial in the long term. The change from ASPE to IFRS will be a short term challenge but can be overcome with appropriate professional assistance. I would highly recommend that CCL seek the opinion and assistance of a professional who deals with IPOs. 4. Employee Stock Options. CCL is considering providing employees stock options as a way to reward its employees. As a CCPC, CCL will have no tax consequence for the employees receiving the stock options until they dispose of the shares. The amount taxed as employment income in the year of disposal is the difference between the option price and the FMV of the shares at the time of the option was exercised. The employee may be able to claim a deduction from taxable income equal to half this amount if the shares were worth less than the exercise price when the option was issued or the employee hold the shares for at least two years before selling the shares. There are many alternatives to rewarding employees besides cash bonuses and stock options. Options can range from published recognition to merchandise such as shirts that the company makes. Time off with pay can also work to  motivate employees for hard work. I would recommend that CCL consider alternatives such as free products and time off as these will be less costly to provide than the stock options. Doing an employee survey would provide feedback to the rewards that the employees would value most. 5. Legal issues CCL is currently facing a pending lawsuit regarding a chemical leak and the non-compliance with environmental regulations. When both of the following conditions are met the amount of the contingent loss must be accrued. Disclosure will be need if the following conditions are met: The likely hood that the verdict will be against CCL A reasonable estimate of the amount o f the lawsuit can be made. The lawsuit may also lead customers and the public to believe that CCL acted negligently. This will reflect poorly on CCL and may lead to decreased sales and a damaged reputation If there is no accrual, there should be disclosure in the financial notes, stating the nature of the contingency, estimate of the amount or that an estimate cannot be made and exposure to loss in excess of the amount accrued. If CCL does not disclose, it would be misleading to the financial statement user. I would recommend that CCL consult with their legal advisors immediately to determine the likelihood of a lawsuit and the potential liabilities. Also, CCL should be prepared to address the negative publicity that the lawsuit may create. Should you require further clarification on any matters, please do not hesitate to contact me.

Causes of World War One

Causes of World War One World War I (1914 to 1918) was one of the most terrifying wars in history. This war was a total war; a war where every single country that was involved produced almost no consumer goods and used up all of their resources for the war effort. During those five years, countless amounts of soldiers lost their motivation and started to question what they are fighting for. It ended with an estimated 30 million casualties and a temporary peace treaty that lasted for on longer than twenty-one years. This war that put the central and allied powers into conflict began with the rising nationalism, endless competition for military strength, and the desire of conquering land. The tipping point that brought all of these forces into war was their system of alliances, which divided most of Europe into two sides. Nationalism, the belief that your country is superior to others countries, slowly spread and took over entire Europe. Of course, nationalism did not rise by itself. Before and even during World War I, propaganda took place; nationalism was found in newspaper, board-sheets, music, literature, and theatre (Llewellyn). This increased European countries’ pride, countries begun to feel overly proud of themselves, and some of the greater power started to feel unstoppable (Brown). Since all countries shared the same belief that their own country was always right and could win any war or conflict within months, the desire of war rose quickly while the European countries’ felt eager to prove their power (Llewellyn). The desire of proving one’s power was not the only idea that rose before World War I. Colonies and countries that were ruled under another nation’s government started to want self-governing and independent, which later on lead to rebellions. Archduke Fr anz Ferdinand, a highly ranked Austria government official, was assassinated by Gavrilo Princip; a member of a Serbian nationalist group called â€Å"Black hand† on June 28, 1914 (Brown). This was the fire that eventually lit up to World War I, which was somehow related to all European countries’ belief that all of them were intensely proud of – Nationalism. Militarism increased the military forces countries hold and competition of building their army and navy between countries. Arms race a process when countries compete about the amount of army and navy they’ve got and built up more was extremely serious between 1900 to 1914 (Poon). As Germany built a large military to protect itself from its long time enemy, France, France responded with an even larger military to keep itself safe and out of threat of the German (Brown). This process went on and on because as one of the countries’ military forces is greater than another’s, the one with less protection felt insecure and built an even greater military (Brown). Militarism not only caused European countries to build up strong forces to defend each other but also led to endless competition between counties in military buildups (Kelly). Germany, a country that increased its military buildup rapidly, threatened Britain’s position in naval forces. After Britain bu ilt its first Dreadnought (battle ship with 12-inch guns) the race begun, in 1909 to 1911, Germany built nine Dreadnoughts while Britain built 18 (Poon). Other then protection and competitions, militarism gave one the belief that war was coming and problems could be solved by wars (Poon). Thus of the strong and massive military force each country had, the entire Europe was ready for a war in 1914 (Poon). After the belief that one’s superior to others and military forces were all build up, imperialism occurred. Imperialism, the desire of gaining land, was accomplished by conquering more lands that could increase owns power and wealth (Kelly). Countries in Europe urged for Africa and parts of Asia because those were the places where provided valuable and massive amounts of rough materials (Kelly). Germany, as a rising power, wanted to conquer a part of Africa although France and Britain already established it (Brown). This action angered both France and Britain and as they worked together to keep Germany out of Africa, they became even closer allies (Brown). As imperialism went on, more and more conflicts appeared and caused the relationship between forces to worsen. Not only that, the confrontations of competing empire sizes pushed the countries in Europe a step near war (Kelly). The system of alliance was the force that held the countries in Europe together and caused this total war. Alliance system, built by Bismarck, was not built for military purpose at first, but since alliances were always made in secret and it increased the war tension, it became a serious problem (Poon). Before World War I, Europe was separated in to two major alliances the Triple Alliances and the Triple Entente (Brown). Germany, Austria-Hungary, and Italy were included in the Triple Alliance and France, Britain, and Russia in the Triple Entente. These two alliances were made to defend each other, but at the beginning of World War I, Italy became neutral and then joined the Entente (Brown). Although alliances were built to make countries safer, it ended up doing the opposite then they had expect (Wheeler). All countries in Europe were connected by alliance, so when a single conflict occurred, it caused war that involved entire Europe (Wheeler). The assassination of Archduke Franz Fe rdinand did the job in which Austria-Hungry declared war on Serbia and Serbia was promised to be protected by Russia (Brown). This is when alliance officially took place, held the central power against the allied power, and let to World War I. World War I ended with not much gain but great losses. Germany, used as a scapegoat of World War I, had to pay large amount of reparations. This made their economic system collapsed because they printed too much money. Also there was not enough food because all productions were made for military purpose during war. People faced a hard time and suffered starvation even after World War I ended. Italy, the county that joined the allied power during the war, did not get the land that it was promised. The United States, a country out of Europe, fought a war for foreign countries that gave it no benefit. After this war ended, the treaty of Versailles was signed. Countries insisted and wanted peace because every single of them felt exhausted, so, the League of Nations was built. Although the formation of League of Nations was a great step towards peace, the most important country, the United States, refused to join, so this peace did not last long. Soon, the â€Å"peace treaty† that ended World War I, will cause another horrifying war that will be forever remembered and remarked with this one. Work Cited Brown, Brandom. â€Å"Causes of WW1 (The Great War).† Connexions. Brandom Brown. 23 Apr. 2009. Web. 22 Sept. 2013 Kelly, Martin. â€Å"Top 5 Causes of World War 1.† About.com. Martin Kelly, n.d. Web. 22 Sept. 2013. Llewellyn, Southey, Steve Thompson. â€Å"Nationalism as a cause of World War 1.† AlphaHistory. Jennifer Llewellyn, n.d. Web. 20 Oct. 2013. Poon, H.W. â€Å"Alliances system / System of Alliances.† Thecorner. TheCorner.org,1979. Web. 20 Oct. 2013. Poon, H.W.â€Å"Militarism.† Thecorner. TheCorner.org,1979. Web. 20 Oct. 2013. Poon, H.W.â€Å"National Rivalries.† Thecorner. TheCorner.org,1979 Web. 29 Sept. 2013. Wheeler, Heather.â€Å"World War One Cause.† Historyonthenet. Heather Wheeler, 25 Feb. 2013. Web. 22 Sept. 2013.

Influence of Aristotle’s Poetics on William Wordsworth’s Poetry and William Shakespeare’s Plays :: Aristotle Tragedy Tragedies

The Influence of Aristotle on William Wordsworth’s Poetry and William Shakespeare’s Plays Aristotle’s Poetics is not one of his major works, although it has exercised a great deal of influence upon subsequent literary studies and criticism. In this work Aristotle outlines and discusses many basic elements that an author should adhere to in order to write a great tragedies and/or poetry. Two important topics that Aristotle addresses and believes to be crucial to the art work is the mimesis, or imitation of life, and that the audience has an emotional response from the work, or a catharsis. Both William Wordsworth and William Shakespeare were believers in Aristotle’s philosophy concerning tragedies and poetry, and employed these two elements within their works. The basic definition for mimesis is the act of creating an image or images in someone’s mind, through an artistic representation such as, a play, a poem, or a painting, idea or ideas that will then be associated with past experiences. Aristotle is concerned with the artist’s ability to have a significant impact on others. First though the idea or belief that the artistic representation should be occurrences that people could relate to, or experiences that they would be familiar with. William Wordsworth intentions were made clear in the Preface to Lyrical Ballads when he states that a â€Å"†¦poem was to [chuse (sic) incidents and situations from common life, and to relate or describe them†¦ (650)† This mimesis can be seen throughout Wordsworth poem Tintern Abbey. Wordsworth is reflecting upon his memories of the effect that Tintern Abbey had on him while he was away, and describing them to his sister. Wordsworth grew up around Tintern Abbey and with his belief that nature taught humans moral lessons, he was very descriptive in his language describing the landscape and the basic affect that it personally had upon him. Aristotle also believed that the use of simple language in the poetry will keep the ultimate meaning from becoming blurred by complicated figures of speech. Wordsworth basically rejects the ideas of â€Å"personification of abstract ideas (652)† and â€Å"poetic diction (653)† in The Preface to Lyrical Ballads, because his main goal is to imitate the language that the common men speak everyday. Wordsworth’s Tintern Abbey is written in journal style, which is not known for loftiness in speech or complicated language, but for an easy flowing style which employs common everyday language and description. This allows the audience to understand and develop a picture of the image in their mind.