Sociology of Education - 1597 Words

Sociology of Education This assignment will compare and contrast competing theoretical perspectives on education process. Functionalism, Marxism and interactionist theories will be included. The definition of education is that it is a process or the act of gaining or teaching general knowledge; it is an act that assists in the development of reasoning as well as judgement and generally preparing oneself or others the intellectuality for mature life. Functionalism in essence deduces each part of society in terms of how it adds to the constancy of the society as a whole. It is therefore agreed that society is more than just the sum of its constituent. Each fraction has a role to play in guarantying that the whole society remains steady. The role of education for society as a whole in particular its contribution to maintaining social stability through the development of value consensus, social harmony and cohesion: it examines the links between education and other social intuitions such as the family and the work place. Education allows people to meet a key function requirement by educating the new generations the culture, central and core values of society. This is achievable through the actual subjects learnt at school and the hidden curriculum. Also it provides a connection between the particularistic value and ascribed status of the family and the universalistic values and achieved status of industrial society. Browne (2006) cited Durkheim who argued that schools are aShow MoreRelatedSociology : Sociology Of Education1095 Words   |  5 Pages Zhenwen Li Sociology 215: Sociology of Education Monday Wednesday 5:00 pm – 6:15 pm Instructor: Dr. Ryan C. Sperry Inequality on education The Decision from case, Brown vs. Board of Education, which protested against segregation due to race on education. It has been more than 60 years after the case, Brown vs. Board of Education. However, the unequal and separation still exists among races on education. It was still expected the inequality would decline in 10 years and the numbers of multi-Read MoreSocial Perspectives On Education And The Sociology Of Education1273 Words   |  6 PagesPerspectives in Education Assessment 2 - Essay TANUWIJAYA, Wirya Z3483970 Why is it important and/or helpful for initial teacher educators such as yourself, to learn about, and learn to use, ideas from the sociology of education? Social influences on educational outcomes and the social nature of education structures of the past and present exemplify how social institutions can affect education perceived by individuals. This can also be defined as the sociology of education; a study of education systemsRead MoreQuestions On Sociology Of Education Essay1539 Words   |  7 PagesAssignment 2: Sociology of Education 1 Submitted by: Bhawna Kapoor (M2014EE004) Systems of stratification in Indian Context Social stratification refers to a system by which categories of people in a society are ranked in a hierarchy. This hierarchy then shapes people’s identity and experiences, their relations with others, as well as their access to resources and opportunities. Social stratification is a society-wide system that unequally distributes social resources among categories of peopleRead MoreThe Historical Sociology Of Education1868 Words   |  8 Pagesargue that we already have the solution to both by taking propositions from two completely different time frames in history with the help of Stanford University’s professor David Labaree, whose primary area of scholarship is the historical sociology of education. I will explain how the United States of America’s educational system is inoperative and present how to use the layout of our pre-existing system to transition into Plato’s Republic to further exceed the ever-changing educational prosperitiesRead MoreSociolog y Of Education As A Social Institution1489 Words   |  6 PagesSociology of education The sociology of education is a diverse and vibrant subfield that features theory and research focused on how education as a social institution is affected by and affects other social institutions and the social structure overall, and how various social forces shape the policies, practices, and outcomes of schooling (www.thoughtco.com). Sociology of education is the systematic study of educational system within the broader social context. At the heart of sociology is a specialRead MoreHistory, Politics, And Sociology Of Education3391 Words   |  14 Pagesfar (politics, history, sociology, anthropology, or philosophy). Conclude your response with a brief reflection on the driving forces behind the major trends / developments you identified. The purpose of this paper is to synthesize the various developments in the field of education in the United States since 1960 through three different perspectives: History, Politics, and sociology. These three disciplines known as aspects of the foundations of education serve along with philosophyRead MoreEssay on Sociology and the Value of Education1790 Words   |  8 Pagesin certain circumstances as well as what should not be done. Values are sociologically important because it can help explain how or why certain patterns of behavior occurs within and outside of specific societies. Like most Americans, I value education and everything that comes with it like a good stable job and a sense of accomplishment. Aside from values that Americans hold, I value what my family thinks to a great extent. My family has always encouraged me to attend college so that I can beRead MoreSociology and the Education System in America Essay1154 Words   |  5 Pages The definition of Sociology is that it is the study of human societies through the synthesis of theoretical analysis and controlled research, focusing on the social patterns and forces that influence humans. The study of sociology is the issues, concepts, investigations, and more importantly, the systematic study of relationships among people. While the study of sociology focuses on groups, or society as a whole, it should not exclude an emphasis on individuals because individuals formsRead MoreThe Sociology Of Education Is The Study Of How Public Institutions1326 Words   |  6 PagesThe sociology of education is the study of how public institutions and individual experiences affect education and its outcomes on the students and staff members. It is mostly concerned with the public schooling systems of modern industrial societies, including the expansion of higher, further, adult, and continuing education at all institutional levels. Sociology is important because it looks at the structure of society and how its components and institutions fit together. It helps us to understandRead MoreThe Contribution of Functionalist Sociology to an Understanding of the Role of Education in Soc iety1337 Words   |  6 PagesThe Contribution of Functionalist Sociology to an Understanding of the Role of Education in Society Works Cited Missing Schools serve a function in a complex industrial society that family and peer groups cannot ( Durkheim,1956) Education is important in society. The structure and processes of education systems are related to the general process of socialisation. All sociologists agree with this, but sociologists have many different views about how societies are structured

The war which the world feared upon never happened Free Essays

The war which the world feared upon never happened, the Cold War. United States of America and the Soviets are preparing for this battle as who among these super powers will really dominate the world. As a means of preparation they are to dominate the seas, especially the under sea navigational fleet, the Submarines. We will write a custom essay sample on The war which the world feared upon never happened or any similar topic only for you Order Now American leaders as a means of preparing for battle put their trust and confidence in their submarine force. Empowered by their own power plants these nuclear submarines are to dominate the seas with unbelievable sophistication and with weapons of incredible destructive power. The idea of submarine came from the Germans who were the ones who pioneered in the creation of the vessel during World War II (Weir, 1998). The US Navy has envisioned that submarines of the future would go deeper and move much faster. Thus as the years passed, the nuclear submarine was created. Under the US military force, the main mission of the first known SSBNs or â€Å"Ship Submersible Ballistic Nuclear† was for the prevention of war to happen. They are to be deployed to strategic sites for them to guard and thus to prevent war   (Weir, 1998). Because of their relentless power, as the nuclear is used to propel them, they have the capability to submerge and circumnavigate the world with fewer expenses. They can submerge for number of days to avoid detection and can easily guard strategic sites as their main mission. They are considered as the guardians of a possible nuclear war. According to David Munns in his book, the greatest advantage so that submarines, armed with ballistic missiles, can release its relentless power is that they have to be close to the shore. This idea was the main basis for the development of the undersea military force of both United States and the Soviet Union. Throughout the 45-year Cold War both countries developed submarines, especially nuclear powered, to gain intelligence or for espionage, due to its stealth power, and to attack and destroy any possible enemy surface ships. Its powerful ballistic missiles have the ability to attack ground or land based targets. Both countries develop such powerful undersea fleet and were considered as the most potent nuclear threat for both of them. (Munns, 2004) The main idea was that to counter this powerful surface warships and nuclear propelled missile cruisers and aircraft carries they have to develop more powerful underground fleet (Munns, 2004). With the development of the nuclear power, the first ship that was ever built by the Americans that went to sea is the USS Nautilus. It went to sea on January of 1955. It is propelled by pressurized-water nuclear reactor plant. This firs submarine built by the Americans sets the new standard for submarines (Huchtausen, 2002). The Russians on the other hand, built their first submarine which went to sea on a much later date. The K-3 or also known as Leninsky Komosol, it is a part of the November class of attack submarines only went to sea only on 1958. This submarine was the first Soviet sub who have reached the North pole, only in 1962, which the United States first sub USS Nautilus have already done four years earlier. The November class submrines however had serious problems one example was the accident happened in 1968 of its K-27 due to a radioactive gas lead which killed 9 people (Huchthausen, 2002). The next Class of submarines that was built by the Americans was the Skipjack Class Submarines. Built in 1959, this attack submarine was the first to combine nuclear power which has extraordinary speed. This is more hydronamic which has a new teardrop hull design. All other US submarines that was created was based on this design. The known accident that happened for this class of submarine was on May 21, 1968 when the USS Skipjack Scorpion was lost in the sea and was nowhere to be found even due to extensive military search. All the 99 people aboard the submarine also lost their lives (Compton-Hall, 1999). The Soviet built the Hotel-class submarines on 1960. This is the first Soviet Nuclear subs which carries with it ballistic missiles. The design of the November Class is much similar to that of the November class, but with much larger compartment to accommodate the ballistic missiles (Compton-Hall, 1999). On the same year the Skipjack Class was created, the US Military built the USS George Washington Class. Built and deployed on 1959, this submarine was the first Nuclear Ballistic missile submarine which was created. The main idea for this ballistic missile submarines was that it would attack land-based targets with its nuclear weapons. They are to be deployed near shore targets so that their long range missiles can easily hit their targets. The Soviets then build the Victor Class submarines in 1967. Their design was to attack enemy submarines and to protect surface ships of the Soviets. The new teardrop hull enabled the Victor Class to attain higher speed. The Soviets however abandoned the construction of the second Victor submarine design after learning through spy information that the NATO forces could easily track them (Compton-Hall, 1999). Due to this, the Soviets created the Victor III submarine. The Americans on 1961 built the Thresher Class attack submarines. This submarine is much stronger, much faster, and can dive much deeper. It is also designed to be quieter than the Skipjack Class, the materials used in this class have more streaming improvements. The name was however changed from Thresher Class to Permit Class when the submarine Thresher sank in New England in 1963 killing all 129 crew (Huchtausen, 2002). In 1967, the Soviets created the Yankee Class submarines. This is the first Submarine that has the same firepower as that of the US submarines. This is much quieter than the Hotel Class due to a new hull shape, a new propeller design, and exterior sound-deadening coatings which is much harder to track. Several modifications were also made on this class, with its big design it was enabled to carry miniature submarines. On 1976, the Americans built and deployed the Los Angeles class. This class had 62 vessels built and is considered as the world’s largest nuclear-propelled submarine. This class was designed to primarily protect carriers and other enemy submarine. The purpose of this submarine was the same as that of the Soviet’s Victor Class. This submarine however was much more powerful than the Victor class because of its capability to do other special missions such as deployment of Special Forces on the ground and attacking larger targets. The Los Angeles class was also improved for better ice operations on the North and South Pole (Compton-Hall, 1999). The next class built by the Soviet and one of the last Class is the Typhoon class submarine. During its time, in 1981, it was considered as the world’s largest attack submarine. This improved design which is much quieter compared to its size. This submarine is also more maneuverable even if it is huge. The design of this submarine is much more complicated due to the existence of two pressure hulls which is parallel with each other and a third hull which is on top of them. This design increases its width and had simplified internal arrangements. Being part of a cooperative arms reduction program of the former Soviet states, six of the Typhoon class was dismantled in 2003 (Compton-Hall, 1999). The Ohio-class submarine is the last among the long line of designs of the ballistic-missile submarine fleet of US.   It replaced the old 1960s version and was larger and more capable than its precedents.   These subs can carry more and longer-range weapons, operate more quietly, and dive deeper (Compton-Hall, 1999).   Russia, on the other hand, designed the contemporary of Ohio, the Oscar submarines.   These are Russia’s largest and most advanced and are still active submarines.   Designed to attack U.S. aircraft carrier battle groups, it carries three times as many antiship cruise missiles than its predecessors (Compton-Hall, 1999). Norman Polmar and K.J. Moore, were two naval officials under the US Armed Forces who were interviewed by Munns in his book. They said that â€Å"the United States and the Soviet Union put to sea a combined total of 936 submarines, of which 401 were nuclear propelled,† during the whole Cold war from 1945-1991 (Munns, 2004). The Soviet Union was the one who is aggressive in the development of submarines. This development still continues until after the 1970’s where research and effort to make the vessels more powerful were developed. From the mid-1940s until early 1990s, Cold War was a period of conflict and competition between two superpowers, the United States and the Soviet Union.   It was also a period of great technological advancements in the military with no less than the development of nuclear submarines.   Faster, quieter and deadlier weapons were developed. It was also this same period which placed the entire world on edge. And knowing the potentials of these weapons, the war that never happened also brought unparalleled relief to mankind. WORKS CITED: Compton-Hall, Richard. The Submarine Pioneers. Sutton Publishing, 1999. Huchthausen, Peter. K-19: The Widowmaker—The Secret Story of the Soviet Nuclear Submarine. National Geographic Books, 2002. Munns, David W. Sea Power. May 2004. Retrieved at http://findarticles.com/p/articles/mi_qa3738/is_200405/ai_n9345820 Polmar, Norman and Moore,K.J. COLD WAR SUBMARINES: The Design and Construction of U.S. and Soviet Submarines.   Dulles, Va.: Brassey’s, March 2004. 336 pp. Weir, Gary E. Deep Ocean, Cold War. Washington: Brassey’s, 1998. Evolution of Subs: U.S. and Soviet Submarine Milestones of the Cold War. National Geographic. http://www.nationalgeographic.com/k19/evolution_main.html http://www.navy.mil/navydata/cno/n87/usw/issue_7/deepocean.htm How to cite The war which the world feared upon never happened, Essay examples

Marketing strategies of Houzit Samples †MyAssignmenthelp.com

Question: Discuss about the Marketing strategies of Houzit. Answer: Introduction Marketing strategies particularly known as a plan of action which has been designed by the company for promoting and selling its products and services in the market. Moreover, these strategies must be designed and alter as per the changing environmental condition in order to stay aligned with the latest trend [[1]]. Furthermore, they are made by the company to do marketing of their products and services in an effective manner. Moreover, the present report describes themarketing strategies of Houzit which is a chain of home wares stores in Brisbane which is headquartered in Milton. It specializes in bathroom fittings, bedroom fittings and decorative items. Furthermore, the report describes the organizational overview and its objectives. Along with that, it also focuses on identifying the available opportunities by doing the environmental and risk analysis. At last, the tactics have been suggested for implementing these strategies in the market [[2]]. Swot Analysis SWOT analysis of Houzit has been done by its marketing manager in order to scan the organization internally and externally. Strength Weaknesses Staff is excellent, skilled and knowledgeable in terms of home-wares. Retail space is huge and has bright lightening, functional as well as commercial urban district ([3]). Customer loyalty is high. High number of offerings and in different varieties which exceeds the offering of competitors in terms of quality, accessibility and range. Marketing budget is limited due which brand awareness cannot be done in a proper manner. Struggle for continuity in funding for the growing long-term repayments plans which have been taken by the customers. Opportunities Threats Market is growing in a high growth area. Target market can be grown by creating awareness about the brand among potential customers. Sales opportunities can be increased other than the target area. Competition is high from the local independent retailers. High competition from national chains which are establishing in Brisbane market. A crunch in economy reducing purchasing power of the customer on home-wares. Marketing Objectives In a general term, these are goals which have been set by a business during the promotion of its products and services to the potential customers ([4]). Few marketing objectives which have been set by Houzit for the current year is as follows: To increase its sales from $15 million per year to $20 million per year in the coming 3 years. To enhance its loyal customers list from 10,000 to 15,000 customers. To establish a brand recognition program in Brisbane in order to create awareness among target market so that at least 1 in 3 people recognizes the brand Houzit. Strategies It is considered as the action plan which is designed by the marketer for promoting and selling its products and services to the target market ([5]). These strategies are made based upon the opportunities which the company has in its hand. Two major opportunities have been outlined for Houzit and they are as follows: Company can grow themselves in a growing market where they have significant number of target market who is not aware about the offer of Houzit. This can be achieved by merger and acquisition with the other popular brand of home-wares. Sales could be increased outside the target area in Brisbane. This could be grabbed by franchising the brand so that it sales get increased. In order to create strategies, company has to understand its marketing mix elements which will help the firm in building effective strategies and it is as follows: Product: The Company must include more home-ware products in its product line in order to cater more and more customers. Decorative lights, home furnishing items like sofas, dining table, stylish doors and windows, etc. Price: Not only high pricing but moderate priced products should also be included in order to serve the middle class customer as well. Place: In order to grow in the high growth market and increase its sales, company should also start selling its products online. Moreover, by opening more retail outlets using the option of franchising and merger and acquisition, these opportunities could be grabbed. Promotion: Heavy promotion using social media marketing and digital ads, company can promote its products. Moreover, doing sales promotion like festive offer discounts, referral program, etc. sales can be increased ([6]). Moreover, by analyzing risk and gap analysis, these strategies could be designed in a more effective manner. Risk analysis: By analyzing the SWOT analysis, it has been identified that the company has skilled staff, huge retail space, high customer loyalty and huge assorted offerings so it can do the franchising which will give significant results ([7]). However, it has limited budget for marketing which may hinder the promotion for brand recognition. Furthermore, competition from local independent retailer and national chain for home-ware is very high and this could lower down the sales of the company. On the contrary, company has good customer base which will help in retaining its identity. Implemnetation After devising marketing strategies, marketing manager is required to implement these strategies for achieving the marketing objectives for Houzit. There are some of the tactics have been mentioned for implementing the strategies ([8]). Scheduling: The Company makes the schedule regarding all the marketing activities. Activities Weeks Market Research 18-20 weeks Product or service development (Franchising agreement and merger acquisition agreement) 25-30 weeks Promotional program 10-15 weeks After sales services 1-2 weeks Budgeting: It has been allocated to carry out all the marketing activities. Expense Amount Franchising and Merger acquisition cost $25,00,000 Promotion cost $3,00,000 Stationary $25,000 Total $28,25,000 Roles and responsibilities: Marketing manager: His duty is to do market research and develop strategies and find out ways to implement those strategies ([9]). CEO: To approve the budget. Legal officer: To make the agreement and take approvals for franchisee and merger acquisition. Monitoring process: This is a typical monitoring process of Houzit for developing and implementing strategies: Bibliography https://www.inc.com/murray-newlands/15-marketing-strategies-that-inspire-strategic-thinkers.html https://houzit.com.w3snoop.com/ https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting/ https://articles.bplans.com/how-to-perform-swot-analysis/ Ferrell, O.C. and Hartline, M., 2012.Marketing strategy, text and cases. Nelson Education. How to develop a marketing strategy. 2010. [Online]. Available through https://www.smarta.com/advice/sales-and-marketing/advertising-and-marketing/how-to-develop-a-marketing-strategy/. [Accessed on 12th October, 2017]. Baker, M.J., 2014.Marketing strategy and management. Palgrave Macmillan. Varadarajan, R., 2010. Strategic marketing and marketing strategy: domain, definition, fundamental issues and foundational premises.Journal of the Academy of Marketing Science,38(2), pp.119-140. Ataman, M.B., Van Heerde, H.J. and Mela, C.F., 2010. The long-term effect of marketing strategy on brand sales.Journal of Marketing Research,47(5), pp.866-882. Morgan, N.A., Katsikeas, C.S. and Vorhies, D.W., 2012. Export marketing strategy implementation, export marketing capabilities, and export venture performance.Journal of the Academy of Marketing Science,40(2), pp.271-289. Hanssens, D.M., Rust, R.T. and Srivastava, R.K., 2013, May. Marketing strategy and Wall Street: nailing down marketing's impact. American Marketing Association. Slater, S.F., Hult, G.T.M. and Olson, E.M., 2010. Factors influencing the relative importance of marketing strategy creativity and marketing strategy implementation effectiveness.Industrial Marketing Management,39(4), pp.551-559. Fifield, P., 2012.Marketing strategy. Routledge.

Insider Trading Should It Be Abolished free essay sample

Insider trading is defined as â€Å" trading whilst in possession of non-public information and if known to the public, may lead to a substantial movement in a security’s price† . In Australia it is prohibited by insider trading regulation (IT regulations) in the Corporations Law (CL) 1991 , though it was initially established from recommendations made by the Rae committee in 1974 on the mining company scandals . The latest law changed one single section to 20 wide and complex sections, causing critique of Australia IT regulations . Henry G Manne argued that IT regulations should be abolished supported by three basic economic arguments. This essay will examine the pro and contra of each argument and shows that IT regulations have spoiled the notion of fairness at the expense of efficiency, despite the objective of any securities markets regulation to promote both aspects . 1. Insider trading could compensate corporate entrepreneurs . Pro and Contra This argument is supported by Carlton and Fischel who argued that the IT regulations are the same with setting government regulation of terms and conditions of employment; similar to restrict salary bonuses, stock options, vacation leave, and the others which can motivate management for their entrepreneurial skills . We will write a custom essay sample on Insider Trading: Should It Be Abolished? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page However their assumptions ignore the difference between the volatile share price and a certain amount of normal compensation. As argued by Easterbrook, where there is a volatile share price, the management compensation argument reverts into a â€Å"lottery-ticket argument† . Because in the volatile share price, even informed traders will hardly predict the increase or decrease of share price in the future. The high fluctuation equalizes the possibility of losing their investment and getting profit, which as called ‘compensation’. From the two extremes, It can be concluded that compensation argument can be valid if the share price is relatively stable otherwise not all insiders can get their compensation through insider trading. Director’s fiduciary duty to Shareholder However, if IT regulation were only applied for a liquid market, what is the role of fiduciary duty? In Exicom’s case fiduciary argument was established where persons who are subject to a legal relationship of trust and confidence, arising from either a prior relationship with the securities issuer (typically directors, employees and corporate agents) or the other party to trade should not make a profit from that position or allow a conflict of interest to arise. Moore supports IT regulation on the basis of fiduciary duty. He reasons that directors have some fiduciary duty to their shareholder to fully disclose all information they could benefit from. His idea is supported by the fact that although there is no general principal that directors owe fiduciary duty to shareholders (in addition to the company), with the purpose to prevent directors when in the position of holding confidential information to spread the it to outsiders , such duty in recognized in Hooker’s case . Sub Conclusion Insider trading as a compensation for corporate executive is argued only happened in a stable market where they can use the information to predict the trend otherwise the profit compensation turn to be a lottery compensation. Here fiduciary duty of the insiders is questioned where in Hooker’s case it is possible that directors owe fiduciary duty to shareholder although there is no general principal on it. 2. Insider Trading Contributes to Market Efficiency Pro from Leland and Estrada Manne argued that ‘allowing an unfettered market in information will have salutary effects unheard of in connection with regulatory â€Å"disclosure†Ã¢â‚¬â„¢ . Recently, Leland and Estrada also stated similar idea that insider trading contributes to market efficiency through signaling where signal-trading by insiders pushed share price more quickly towards its equilibrium price. Pro from Empirical Measures Theory Moreover, empirical measure presents a theory; the more information gets into market, the lower transaction cost, the more liquid the market and the smaller volatility produced. Since investors get more helpful information to predict market trend, the transaction cost here is lower. Transaction cost is the cost to take the risk if the companies, which they invest in, somehow default. Thus lower transaction cost is equivalent to lower risk, which can encourage more investor to trade. As trading in the market occurs significantly in one flow (either buy or sell) based on the information they got, the volatility, which represented by the bid-ask (difference between the buy and sell quotes at any one time), decreases. Consequently liquidity increases. Evidence from Real Study In practice, Dodd and Officer found evidence that no significant abnormal returns (return of a security over its average or expected return) occurred on the day take over rumour was published, although some abnormal returns typically occurred prior to the publicity of rumour. This prior abnormal return must be because of insider trading, as the unpublished information they possess allow them to predict the trend up to takeover bid, thus, at the date of take over published, market already reached equilibrium price. Contra from Cox and Georgakopoulos and Response from Wyatt However, there are some disagreements on Manne argument. First, Cox claims that insider trading cannot make the price movement towards equilibrium price purely by their own actions . Also microstructure theory by Georgakopoulos, which states that whether support or against insider trading is depending on the market liquidity . A liquid market as discussed in the compensation arguments will give more benefit to insiders because the votality is lower and they can easily predict trend in stable price, hence, IT regulations in this case can be useful. On the other hand, illiquid market leads both insider and outsider traders away regardless the information they received since the votality is high and even unpublished information may just let them gamble on the security’s price, hence, in such market the presence of IT regulations has no effect to the market. The idea is that the uninformed traders is discourage to involve in market because of unfairness arise from the profit making activity by informed traders, hence, reducing the market effectiveness. For all that, both claims can be doubtful considering Wyatt suggestion that outsiders follow insiders action and further can encourage market liquidity . His suggestion is also supported by the fact that trader’s identity is kept confidential, thus, uninformed traders cannot be certain of the percentage of informed traders which make them discourage from trading. IT Regulation Distorts Market Efficiency Further issue is whether IT regulation increase market efficiency or it just increase the cost of compliance for companies and financial services firms? If IT regulation inhibits market efficiency then it should be revised. IT regulations in Australia reinforces continous disclosure (CD) regulations such in Crown Casino’s case where the chairman, who has no power on the company’s behalf, disclosed information to outsiders before the board disclosed it to the Exchange. The court emphasized on the breach of continous disclosure specifically on the abuse of the term ‘immediately’ . If IT regulation is just a flip-case of CD regulations, then it is obsolescent, as CD regulation already governs tardy disclosure . Sub Conclusion nsider trading contributes to market efficiency by moving the share price more quickly towards equilibrium price is supported by empirical measure which shows that insider trading increase market liquidity, and by Dodd and Officer finding on significance abnormal returns prior to take over rumour instead of on the date of publicity. Although Cox and Georgakopoulos go against the concept, Wyatt response that their arguments can be the contrary, that informed traders can be an opportunity for uninformed traders to get profit by following them instead of discourage them by unfairness. 3. Insider Trading and Long-term Investors Pro and Contra Finally, insider trading does no significant harm for long-term investors , â€Å"whose market decisions will be a function of time† . In detail, Manne asserts that the less frequent someone trades, the less significant effect of the unfair use of valuable information from insider trading they receive. Such investors just make investment on the basis that they are timely and not affected by the share price, which is affected by insider trading. However, this view is questioned by Schotland . He argued that even long-term investor needs cash and when they need it they will consider to ait for a right price to sell it. Further, Manne suggest that long term investor can ignore price to avoid being harmed by the effect of insider trading, expect for one, which is the lost of not having inside information in the range of the buying and selling price so that it is insignificant. Here Manne only refers to one investment. Yet, how about when the investors have more than one (in which the common condition to diversify)? They may need to watch a series of share price otherwise they will end up will sell it with no profit after putting so much faith waiting for it. Sub Conclusion Insider trading does no significant harm for long-term investors as they just invest on the basis of time instead of share price and only need to watch insignificant loss from the valuable information exploited by insider trading. The idea is fully objected by Schotland by arguing even long-term investors need cash and should consider the right price to sell the share. Also the insignificant loss only refers to one share, but in practice long-term investor such as retirees diversify shares by holding more than one. Conclusion In summary, the essay demonstrates a number of both pros and contras of whether insider trading should be abolished. Looking the above discussion, insider trading should be outlawed as it can cause significant harm to investors. It is also contradict with fiduciary argument. However, Insider trading is also evidenced contribute to market efficiency. Moreover, as in Crown Casino’s case, IT regulation is criticized to be a mere flip-case of CD regulation and the presence just increase the cost of compliance. Therefore, It would be better if IT regulations is revised in a way that promote both fairness and efficiency equally.

Character study of Willy Loman Essays

Character study of Willy Loman Essays Character study of Willy Loman Paper Character study of Willy Loman Paper Willy Loman is a very unique character, he is pathetic and a modern tragic hero. I think the problem comes mainly from his excessive daydreaming, and his view of the American Dream, which is to succeed in life by being attractive and well liked by society. He spent most of his life pursing a dream but failed. His determination and dedication in pursing something that failed greatly affected his family members. Through Willys actions, he affected the future of Biff and Happy by straying them in the wrong directions. Willy and Biff always fight and argue due to Biff not living up to Willys expectations and also having yet to make anything out of himself. Happy and Biff try to help Willy, but every attempt always results in an argument. He believes he is well liked and popular but in reality nobody likes him and for that he is a small man. The interactions between Willy, Linda, Biff and Happy are usually never happy or normal. They always fight and argue with each other. Biff and Willy always have conflicts about getting a life and making money. Willy complains that Biff is nobody and as a result he doesnt listen to Biffs point of view. Instead, he makes fast and irrational conclusions such as not letting Biff talk about his visit to Oliver Biff: His answer was- Dad, youre not letting me tell you what I want to tell you! Willy: You didnt see him, did you? Biff: I did see him! Willy: Whatd you insult him or something? You insulted him, didnt you? Biff: Listen, will you let me out of it, will you just let me out of it! (Page 108-109) In turn, Biff gets angry that Willy doesnt listen and never gives him a chance to say anything, and a conflict occurs. Willy doesnt even let Linda comment on anything, instead he yells at her. Linda: Oliver always though the highest of him- Willy: Will you let me talk? Biff: Dont yell are her, Pop, will ya? (Page 65) Linda was trying to support Biff about going to Oliver for a job only to show Willy that Biff is actually trying to do something with his life. I believe that in Willys mind, he thought that Biff and Happy are great kids and going to be very successful, but in reality his sons were the opposite. He would never listen because it was hard for him to see a smart person like Bernard doing better than Biff and Happy. He would only try to think differently to convince himself that his sons were the best and going to live better than Bernard. If Willy took the time to listen to his family and friends, and be open to everyones advice and opinions, he might have not committed suicide. He is a very selfish person and ignored reality. He tried to make things better than they were which the opinions he choose which led to his destruction. Willy talks to himself a lot throughout the play; he daydreams about being successful and well liked at the end by creating a false image. In reality, he is unsuccessful and nobody likes him. Linda: Why didnt anybody come? Charley: It was a very nice funeral Linda: But where are all the people he knew? Maybe they blame him (Requiem) Nobody even went to his funeral because they dont know Willy anymore despite working for the Wagner firm for 34 years. Willy is jealous of Charlies success, every week he would find himself asking Charley for money. Willy thinks he is a much better man than Charley, but in fact he is just jealous that he is living a better life than he is. Even when Charley is nice enough to lend Willy money, he still gets mad at the smallest comments that Charley makes, like offering him a job. Charley: Why dont you want to work for me? Willy: Whats the matter with you? Ive got a job. Charley: Then whatre you walkin in here every week for? Willy: Well, if you dont want me to walk in here- Charley: I am offering you a job Willy: I dont want your goddam job! Charley: When the hell are you going to grow up? (Page 96-97) Willy is a closed minded, and a self centred person, he doesnt want to accept the fact that Charlies life is much better than his. I believe that Willy makes many sacrifices; one main one would be a good future. He aimed way to high and failed miserably. Linda knew what Willys situation is and is very supportive. Willy: Youre my foundation and my support, Linda. Linda: Just try to relax, dear. You make mountains out of molehills. (Page 18) The American Dream has deceived him, now he works on commission and eventually fired by Howard, Biff is a failure in his eyes and Charley is a successful man. He failed to raise his sons accordingly and his strong beliefs were just delusions. Is Willy a small man? I truly believe that he is, his aims in life have been useless and hasnt achieved anything. He is even abandoned by his two only sons at the restaurant. Happy even told the two girls that he picked up wasnt even his father. Letta: Dont you want to tell your father- Happy: No, thats not my father. Hes just a guy. Come on, (Page 115) Biff no long respects Willy after his affair, Willy Loman finds himself less capable in every aspect, financially and mentally. He wants his sons to be successful and better of than he is, but he corrupted them. Although they will never be successful, I truly think that Willy did the best he could, although he delayed their future by giving them a false image. Willy Loman is truly a low man, he has a very low self-esteem, in my opinion his goals are great only if he becomes a reality but what he doesnt realize, is that there would be devastation if he doesnt succeed. He was the main motivator of the family being dysfunctional. Linda is angry that Happy and Biff doesnt respect Willy and shows no worries for his actions and behaviour. Biff doesnt respect Willy anymore because of the constant pressure he puts on him, and also because of an affair he has with another women. I personally dont think that Willy is a crazy and inane man, but I certainly dont think that he is normal either. Willy Loman is just a confused man that took his goals one step to far, and by the time he realized it, it was too late. He believed that life is worth nothing anymore. I believed that he tried to make his goals worth something instead of nothing by killing himself, so that the insurance money would go to his family and some how help them. Therefore Willy Loman goals and dreams ultimately led to his destruction.

Business Analysis Of HSBC

Business Analysis Of HSBC HSBC is public limited bank and it’s headquartered is located in London, England since 1993. HSBC bank was founded in 1865 in and it was started with name † The Hong kong and Shanghai Banking corporation â€Å".The bank has lots of branches throughout the world. HSBC bank offers wide range of banking, Investment and financial service to high and economic customers. It holds international network of 8000 properties in 88 countries and regions in Europe, Hong kong, Rest of Asia-Pacific, The Middle East, The Americas and Africa. Previously, the Middle East is known as part of ‘Rest of Asia -Pacific ‘. HSBC offers comprehensive range of financial service within these international network. Banking service such as Credit and debit accounts, bank loans (secured loans, loans, unsecured loans, car loans etc.), mortgages, overdraft facility, and insurance are being served by the bank. It also provides Internet banking and Offshore banking. HSBC is one of the worldâ €™s largest banking and financial service group with 8th rank, according to Forbes Magazine. It has market capitalisation of US$ 199 billion since 31st December 2009. It is listed on the so many stock exchanges like London, Hong kong, New York , Barmuda and Paris; it is also part of the FTSE 100 index and HangSeng index. HSBC is also world’s first bank which was opened internationally that means â€Å"World’s Local Bank† and it was financed various projects like Railroad Building due to mordenization in early 20th century. History of HSBC: The history of HSBC is as old as extremely intresting for the each and every person and organization who wants great deal with the bank around the globe. Furthermore, bank is offering large amount of service to an individuals and institutions. FOUNDATION AND GROWTH : HSBC originally stands from â€Å"The Hongkong and Shanghai Banking Corporation † which is established by Scot Thomas Sutherland in Hongkong ( 3rd marc h ) in 1865. Then and as now,1 Queen’s Road Central was bank’s headquartered in Hongkong , plus another was opened in Shanghai one month later in 3rdapril 1865 to finance growing trade between China and Europe. In addition, one year later the London office was opened. During the nineteenth and early twentieth century, the bank opened its more branches in China, Asia, Japan, Europe and North America to provide financial service for its clients. Throughout the Second war the bank closed its many branches due to an international financial crisis and the head office was temporarily moved from Hongkong to London. Then after, the bank played major roll in rebuilding of Hongkong economy and that was the time for geographical spread through acquisition and alliances . In 1959, the bank purchased two banks that was The British Bank of Middle East and The Mercantile Bank (based in India). The Bank moved to Canadian and Australian market to expand its business during 1981-1986. I n 1987 The Marine Midland Bank (Now HSBC Bank of USA) became a member of the group. In 1991, HSBC Holding PLC was established and it became parent company to The Hong kong and Shanghai Banking Corporation, the shares were traded in both London Hong -kong stock exhanges.

Hewlett-Packard Coursework Example | Topics and Well Written Essays - 2000 words

Hewlett-Packard - Coursework Example In line with this merger, many have stated that this endeavor is both beneficial to the company. Upon analyzing the performance of Hewlett-Packard and Compaq as separate entities, these two are making waves for their markets specifically those of IT in nature. The merging of the company created a US$ 19 Billion value of the company, which signaled a big boom in the financial markets with high hopes and expectations regarding the company's operation formed by two IT giants. The company's future undertakings made me more interested in this study. The website www.news.com, also cited that this company would dictate a whopping 81% share in the US PC Market. One question was still unsettled, " will this merger eliminate all doubts and speculations during the negotiations of these giants to merge" Making profit out of the production if we are to deal with the IT industry is not the main goal of it nor it would justify the productivity of the company. In this regard, the threat of extinction among the big names in the IT industry is inevitable. The said companies (HP and Compaq) are making profit in this field, however, to compensate the needs of these companies and for them to be stable, they must increase their production above the projected number of these companies in order to compensate the demands and high rising cost of maintaining an IT company. To add to that, competitors like DELL, IBM, Toshiba, Sony and Sun Microsystems are some of the many competitors who divides the market of HP and Compaq. These premises made HP and Compaq decide to join forces in order to dominate the IT world. There are numerous mergers in the IT industry, which these mergers were intended to dominate the Market, wherein the common thinking during that time is " the survival of the fittest." Below is the timetable of the merger of these two companies. Table A Due to rising competition among different It companies, merger seems to be only option left fro the market of the company to expand and survive. REASONS FOR THE MERGER: Dealing with IT market is a great task to deal with. Innovations and related strategies is an important component to fare with other activities that are dominated by some firms. To further analyze the problem, it is essential to know different components concerning this. There are main reasons on why merger took place regarding the merger of the said companies. 1) Servers- Perhaps this is the main reason on why competitions in the IT industry is a though thing to deal with. Market leaders in this sector are the HP Alpha 9000 series servers with UNIX playing a dominant role as well. Other noteworthy firms in this sector are IBM and Dell but they are far behind from HP. Compaq is not a factor in this sector. 2) The rise of digital gadgets- Printers, Scanners and Digital cameras is indeed dominating the world of technology. In this regard, innovations concerning these gadgets are fast rising and these challenges are among the main reason of being obsolete from these things compared with the products and services offered by these two companies. 3) IT Services- The importance of this kind of service play a vital role not only in the World of technology, but the business world who needs it badly which is their primary