Basic Cash Management Process Essay

Every company can be viewed as a cash pool into which funds flow from various sources. Several techniques are used to speed the collection of such funds. Conversely, cash flows out of the pool for payables and other disbursement reasons. An important aspect of cash management is to control tightly both cash inflows and outflows. When cash inflows exceed cash outflows, surplus cash builds up. This surplus can be used to repay debts or for investment in marketable securities. Alternatively, when outgoing funds exceed the inflow, the firm must raise money by borrowing or by selling some marketable securities. THE CONCEPT OF FLOAT A cash manager’s job is to make payments to others as slowly as possible and to convert into cash – or clear – payments received from others as quickly as possible. The reason is float, the most important element of cash management. Float is the amount of uncollected funds moving through the financial transfer system. It shows up as the difference between the balance shown on a firm’s checking account and the balance on the bank’s books. For example, suppose a firm writes, on average, $100,000 of checks daily. If it takes four days for checks to clear and be deducted from the firm’s bank balance, the firm’s own books will show a cash balance that is $400,000 less than the bank’s records indicate. The firm has the use of these funds, called disbursement float, as long as this situation persists. On the other hand, the firm loses the use of check-clearing float – one component of collection float – on the checks that it has deposited in its account but that have not yet cleared. Suppose the firm deposits $90,000 in checks every day, and these checks clear in three days on average. The firm’s books then show cash balances that are $270,000 larger than the bank’s books indicate. Thus, the firm’s net float – the difference between its $400,000 disbursement float and its $270,000 check-clearing float – is $130,000. This means that the firm’s actual cash balance is $130,000 greater than its recorded cash balance. The firm can invest or otherwise spend these excess funds. The float on an individual item can be measured in dollar-days and is calculated as the amount of the check multiplied by the number of days of delay until that check clears: Alternatively, the average daily float can be calculated as the average daily receipts multiplied by the average delay in collecting each dollar.   The average delay in collecting a dollar equals the total dollar-days of float divided by the total amount received during the period or Average Delay The existence of float lies at the core of every system designed to accelerate, decelerate, or control corporate funds. By reducing collection float, the corporate treasurer can accelerate cash flow and enhance the return on current assets. Similarly, corporate cash flow may be improved by increasing disbursement float. The value of decreasing collection float or increasing disbursement float is tied to the opportunity cost of funds. It can be measured as   Value of Float = Dollar Amount of Float times Time times Interest Rate For example, suppose a firm can reduce the collection time on $5 million of receivables by three days. Assuming that it will invest this money at an annual interest rate of 10 percent, it will earn interest at a rate of .10/365 per day on the $5 million. Therefore, the value of a three-day reduction in collection float is $5,000,000 times 3 times 0.10/365 = $4,109.59 If collections ordinarily average $5 million daily and the company managed to reduce the float permanently by three days, it would then be able to free up $15 million in working capital. At 10 percent interest, this reduction in float is worth $1.5 million ($5,000,000 times 3 times .10) annually. Using a 10 percent discount rate, the present value of this permanent reduction in float is $15 million ($1,500,000/.10). Reworking this example with a different interest rate, say 6 percent, reveals that if the company can permanently free up $15 million in working capital, its shareholders will be $15 million richer ($900.000/.6), regardless of the interest rate. In other words, the value created by a permanent reduction in float is independent of the interest rate. Collection Float Collection float is the time that receivables spend in the process of being collected. It consists of the following four elements: 1.Invoicing float is the interval from the time a company creates an invoice and mails it to the customer until the customer places the payment in the mail. During this phase of the collection cycle, the cash manager has no control over the funds. 2.Mail float, the next phase in the cycle, is the time taken by the U.S. Postal Service to deliver the customer’s check. 3.Having received payment, the company experiences processing float, the flow of the check through the company’s accounting system on its way to be deposited. 4.Finally, there is check-clearing float. This is the time it takes to clear each check deposited. Invoicing float may be reduced only by changing the payment terms. The other three types of float are controllable. A.2 discusses the various means to accelerate the collection of funds. Exhibit A.1 illustrates the various types of collection float.

Parent Occupational Status and Parenting Style Essay

To explain few of them; parental education is very important for the upcoming of a child. An educated parent will have more realistic attitude toward the parenting style, this is because most of the time the parents try to rear their children the way they ad been reared by their parents. Forgetting that children are more advanced and well informed than they were ten years back. Parental occupation is very important, if both parent’s are working then the parenting style will be different. The child will probably develop an independent attitude, and sometime feels lonely and this can affect on the child in choosing his or her career. Parental status has a great effect on the child’s development. If parental status is high in the society then it will have a different effect on the child’s development than those whose parental status in the society is low. For instance, a daughter/son whose father is a doctor has different status in the society than a son/daughter whose father is a plumber. This can also affect the parenting style of a child and how a child will choose his/her career. Parental background denotes the family of the parents, it include the family of both the father and mother. The parenting style is very often influenced by the way the parent were raised or reared by their parents in the past. Parenting style can be in three ways, which are giving orders, this is an authoritarian parenting style. Authoritarian parents don’t feel they need to explain heir rules or the reasons why they expect their children to do certain things. The main focus of these parent is on what their children do wrong and the punishment for misbehaviors is often harsh. Giving in is a permissive style parents who adopt this style may have concerns that their children will not like them if they set limit or they see themselves as their children friend and not their parent who is there to guide and set limits. Giving choices is a democratic parenting style which is the type of parenting style that will be discussed in this study

The Elements of Transition and Threshold Spaces

Passage infinites are those infinites that are passed through in the journey to finish, some being the finish themselves.Threshold is a starting point or point at which something begins to take consequence.Passages and thresholds are infinites or points of alteration in a journey. They define our place in relation to where we have come from and where we are traveling.The experience and impact of a passage infinite is influenced by how it is revealed and how it relates to its milieus.It is believed that we, the perceivers are in a uninterrupted duologue with the infinite we are detecting. All the elements in the infinite speak to us. The more dominant 1s tend to talk first or we can state reveal foremost. This disclosure creates interesting experience through a passage infinite, making a better sense of journey and topographic point. There are assorted ways in which infinites or elements in the infinite are revealed. â€Å"Much of the delectation of a topographic point lies in how one gets to it.†2 2 Kevin Lynch,Site Planning, 3rd erectile dysfunction. ( Cambridge, MA: MIT Press, 1984 ) , 329.It is hence non incorrect to state that it is the creative activity of journey, the passage infinite and the disclosure of objects or elements both touchable and intangible, which generate stimulating experiences and heighten the sense of topographic point.The spacial experience of a passage infinite is a series of assorted degrees of containment and openness, shadow and visible radiation, degree alterations, frontage beat and forms and assorted other factors.The elementsPassage through infinites can besides be looked at constructing degree. We can see passage infinites in a vehicle and other on pes. So one is vehicular experience and other is prosaic experience. For a prosaic it is the finer inside informations that he experiences. He perceives all points of difference and alteration within the boundary really accurately, which he would be given to lose out while detecting from inside a v ehicle. The proportions and densenesss of edifices along the border of the streets influence the experience of the journey along the street. There may be narrow streets with tall edifices on both the sides. There are other streets with edifices on one side and unfastened countries on the other side. In both the instances the prosaic experience is rather the antonym, one gives the feeling of containment while the other gives you the feeling of openness. The feeling of openness is enhanced when it comes after the feeling of containment or frailty versa. These intangible feelings of containment and openness can be generated by many more ways. The interior decorator merely has to play with the volume of the passage infinite and the borders in order to bring forth these feelings. One must besides gain that a infinite might non be unfastened in true sense but it in relation to the infinite predating it or infinite next in row can be considered unfastened. This brings us to another facet o f a passage infinite which is they are frequently perceived in relation to infinite environing it.In order to understand passage infinites it is really of import to understand thresholds. As antecedently mentioned thresholds are like points of alteration in a journey. A door in the wall is a threshold which connects two otherwise separate infinites. Some interior decorators use different elements like little bridging elements to make thresholds. These thresholds enhance the sense of topographic point by restricting the position of what is beyond and make expectancy. Some usage thresholds to concentrate or pull attending towards a certain component in infinite. So in one topographic point thresholds are used to hide while in the other they are used to uncover.Thresholds for different edifices are designed otherwise. You will detect a toran with graven images of Gods and goddesses carved out in them in the thresholds of a Hindu temple. Whereas you will detect a corbelled arch with a w ooden door as a threshold in a house. Some thresholds are designed to stand for the position of the edifice or the street.Since clip immemorial the drama of shadow and visible radiation have been used to make a beat within the street or even inside a edifice. Shadow of the edifices, trees, vehicles parked, people and other objects create a beat. You may detect that it is at these points where people pause before traveling on to the following infinite. Just like shadow adds deepness in a 2D picture, the drama of shadow and visible radiation add life to any infinite. If the enchantment of shadow or visible radiation is big plenty to go a possible infinite so interior decorators create thresholds at the alteration from shadow to visible radiation and visible radiation to shadow.Other normally experient characteristics are stairss. They connect and separate infinites. They can make a sense of reaching. The placement of the flights of stepss influences the experience of reaching. The ste ps contained within the passage infinite defined by the edifices create a strong sense of separation.Through dividing the flight into two the tallness of the flight is less dashing and a infinite is defined by the landing. The landing becomes a passage into the confined infinite and the stairss at the terminal lead out of the infinite.Peoples are a really of import portion of the experience.Lynch, Kevin, 1967,The Image of the City, 3rd print, MA: MIT Press, Cambridge, Massachusetts, and London, England. â€Å"Moving elements in a metropolis, and in peculiar the people and their activities, are every bit of import as the stationary physical parts. We are non merely perceivers of this spectacle, but are ourselves a portion of it, on the phase with the other participants.† The sight of old people sitting and reading newspaper, kids running about or playing games, adult females speaking in the front pace and making family jobs are a common sight in societies. It is these people that add life to any infinite. A market topographic point with people is more welcoming and pleasant than one without them. This does non intend that a topographic point without people appears dead. Even without people the infinite is still alive. The place and seting propose a infinite that is used by the people who live at that place, the scooter parked in the street suggests that person is place, the stairss lifting up to a door connect the street to the upper degree. The Windowss looking over the street perforate the mass of the edifices supplying connexion between interior and outside, a sense that person could be watching. The figure of doors accessing a public infinite affects the security of the infinite. An flat block serviced by merely one entree onto the street activates the infinite every bit long as there are people utilizing the door, but when no 1 is coming or traveling a individual door offers no indicant of the figure of people utilizing it. Multiple doors indicate a larger figure of people potentially utilizing the infinite. The more doors that entree a public infinite the greater the sense that people could emerge from the door, supplying activation and security in the infinite. Nowadays people have started edifice boundary walls. They frequently have one chief gate. The infinite outside the walls is activated merely when people use that gate. You can visualize a school gate with tonss of little kids running out of the gate. The street in forepart is active merely so. A boundary wall may be supplying security to the people inside but it makes the infinite around really insecure. At times t he infinite within the boundary walls is besides non safe. An easy solution to this job of security is to increase the porousness in the walls. Many doors accessing a street work the same manner.

Communication stumbling blocks Essay Example | Topics and Well Written Essays - 1250 words

Communication stumbling blocks - Essay Example For example, Barna in his works noted,â€Å"increased interaction through travel, students exchange programs, and other ventures should result in more understanding and friendship between nations†(Barna, p. 66). However, this is different especially due to variations of cultural contexts. These variations in cultural contexts create intercultural communication stumbling blocks, such as non verbal communication and time sense variations, thus lack of consensus during mediation and negotiations. Although I do not agree with Barna’s presumption that intercultural communication would result in understanding between nations, I agree with his assertion that â€Å"it takes a long time before a foreigner can adjust in a new culture† (Barna, p. 66). According to Kinetics, (2010), among the six stumbling blocks to effective cross cultural communication is nonverbal misinterpretation.A good example is the one given by the Japanese student, whereby he noticed that his non verbal communication did not coincide with the one of his Japanese culture (Barna, p. 67). He received a smile from American girls but only came to discover that the girls had no interest for him, unlike in his Japanese case, whereby such a smile can mean the person is sexual maniac. In such a situation, it would take quite some time before the Japanese student can fully adapt to the American culture. In regard to my own experience, I think the situation is more complext that it can be explained in writing. As I noted earlier during my visit to Tanzania in East Africa, I learned many things apart from their time factor issue. As I was speaking with some young girls, I noticed that they talked to me while bowing. In my own culture, this could mean that the person you are talking to is not attentive to what you are talking about, while in African culture it means that the person has high respect for you,

EVENTS MANAGEMENT Essay Example | Topics and Well Written Essays - 3000 words

EVENTS MANAGEMENT - Essay Example Nevertheless, the 1984 Los Angeles Olympics changed the economics of major sports events. These games made a surplus of 215 million. The financial success of the Los Angeles Olympics changed the way cities and governments regarded the hosting of major sports events. Partly as a result of this, but also because there developed a greater understanding of the broader economic benefits to a city and country that could result from the staging of a major sports event, cities started to compete fiercely to host major World and European championships across a wide range of sports. This article mainly reports the certainties that events can have a positive impact on the economy and community of the host city or country. Several extents are based on actual findings from studies of hosting countries of major events in order to thoroughly support the events' impact. The appeal of events, more so with major events such as the Olympic Games, is their ability to attract those whose viewing is light and never entails sport. Sports Business illustrates that families with an income of at least $60,000 were 41 per cent more likely to watch the Atlanta Games, i.e. those families with a higher expendable income, which is precisely why sponsoring companies are prepared to invest large sums of money in the event (no. 4). As compared to 1995, Adidas experienced a 56 per cent rise in profits in 1996, the year of Atlanta Olympics. As a sponsoring company they were fortunate to have more than 200 Olympic medals won by Adidas-equipped athletes (Sports Business, no. 4). It is consequently clear that it is in the interests of these sponsoring companies that their particular athletes arrive on time and that there preparation is not disrupted. Major events have enormous value to cities, countries, athletes and sponsors alike. Numerous studies supported the economic impact of events around the world (Yardley et al., 1990; Frisby and Getz, 1988; Mules and Faulkner, 1996; Crompton, 1995; Turco and Kelsy, 1992; Dobson, Holliday and Gratton, 1997). Delivering the right product is important and often ultimately upon which the event is judged. The media will judge the event in terms of an increase in sales or viewing/ listening figures. Sponsors examine the event in the light of the increase in sales before, during, and immediately after the period of the event, while the civic leaders will attempt to appraise the event in terms of the increased exposure of their city as a result of the event and the subsequent economic impact associated with the influx of visitors before, during and after the event (Elvin and Emery, 1997). It is essential for cities and countries to get the organisation right for the reason that people have a tendency to remember the things that go wrong. Due to the high profile of the Olympics (Atlanta having a gross audience of 19.6 billion viewers [Sports Business, no. 4]), any undesirable publicity has an immediate and enormous impact throughout the world. Impact of Major Events on the Economy of the Host Country In the 1980s, the study of hallmark events or mega-events became a significant area of the tourism and leisure literature. The economic benefits of such events have been the main focus of such literature, even though broader based multidisciplinary approaches have been suggested (Hall, 1992; Getz, 1991). Within the area of mega-events, sports events have

Report Essay Example | Topics and Well Written Essays - 750 words - 13

Report - Essay Example However, this earned Qays the nickname Majnun, which refers to a mad man (Russell and Cohn 16). In this regard, it can be argued that, in the society in which Qays and Layla came from, public display of affection or love was considered as madness, and as such, people who were deeply in love would not marry those they love, since, being considered mad would mean their marriage would be scandalous. For instance, Layla father refused to allow Majnun or Qays Layla’s hand in marriage, arguing that, such a marriage would only result in a scandal and that it would not be okay for his daughter Layla, to be married to a madman (Russell and Cohn 23). In this regard, it is clear that love was not considered as a requirement or foundation for marriage. Despite Layla being in love with Majnun, her father forced her to marry another person she did not love. This story of Layla and Majnun also depicts love as a very strong bond between two persons that if broken, is very devastating. Because Majnun loved Layla so much, failing to get her hand in marriage devastated Majnun to the extent that he was overcome with too much grief that he disappeared into the wilderness, abandoning his family, his home to lead a life of solitude that was miserable. Additionally, the story of Majnun and Layla depicts love as a feeling of emotion that lasts forever and binds people together, forever. Even though she was married to another person, both Majnun and Layla hoped that one day would be together. When Layla’s husband died, she thought that she would at last be with the one she loves, but the demands of tradition denied her this opportunity, and as a result of heartbreak and devastation, she gave up and died. On hearing of the death of Layla, the one he deeply and truly loved, Majnun travelled to the place where his beloved Layla had been buried; he cried, wept and wept in devastation and also gave up as a

Stock Control Using Visual Basic.net Essay Example | Topics and Well Written Essays - 4500 words

Stock Control Using Visual Basic.net - Essay Example The main vision of this project; is to achieve a method of a simple stock count of a mini market (corner shop), as these shops are still mainly managed and run in a traditional way. These groceries are in large numbers due to high demand; they have the potential of optimizing the business as well as deliver goods to customers on a continual basis. Therefore the project proposed is intended to assist the clients with an easy way to acknowledge the owner of the goods available and goods which a due to run out, so that they can place an order at the right time, with this method the client is able to reduce holding time as well as optimising cash flow. The delivered program will be able to store data of goods, which will be strategically sequenced by product line code (PLU). It will also have the ability to indicate when the stock is running low. As well have an easy and friendly way to operate.Since it’s a proven fact indeed that Inventory and Stock Control has a big impact on th e efficiency of the business, intensive research is to be carried out, to determine the problems of stock control that retail business is facing. Then the data collected will be critically analyzed and computed along with key retail- experienced staff that has been in the business that will then determine the need of the program. Steps to be taken to create the program are to be strategically planned and laid out on a data flow diagram (DFB) and data process diagram (DPD) to illustrate the contents.

What's the Good of Plato's Republic Essay Example | Topics and Well Written Essays - 1750 words

What's the Good of Plato's Republic - Essay Example said to be parallel to ascent which is described in the cave parable implying that for all terms in epistemological promotion there exist corresponding different objects or object. Looking at the analogy of divided line, it is worth noting that forms are different from things which are perceptible. Also, accessing epistemic things is not related in any way to intelligent forms. The stages in the ascent of the cave are given as prisoners being chained, prisoners in the cave who are not chained, those who use sun’s light to view things which are perceptible and those who see the sun and understand the power of the sun. States of mind which are four in number are distinguished as for four unique stages using the ascent from the cave as3: The unchained prisoners who are not able to be up the steep which was considered to be steep saw artifacts and fire that casted shadows on walls4. Such prisoners are said to see more clearly and correctly since they were seeing what is closer to real or more real. However, before prisoners grew accustomed to what they saw, they are forced to think the shadows are true as compared with what they were then able to see. The prisoners, who managed to be in the cave via the rough steep wall, are said to be in day light and they are dazzled at the beginning. After the dazzling they saw shadows, reflections and perceptible things in that order5. Afterwards, they saw the sky, the moon and the stars. The prisoners who managed to be out of the cave are said to have seen the real sun or the sun as it is. After seeing the sun itself, they realized that the sun is responsible for the change of years and seasons. Such prisoners are said to have overseen everything in topos of visibility. This group of people is said to have seen all the visible; they have attained the final goal of visibility. The sun is responsible for the provision of light which is used in seeing things. This sun is viewed to be analogous to good6. The term good refers to

The Strength of Harley Company Essay Example | Topics and Well Written Essays - 2000 words

The Strength of Harley Company - Essay Example SWOT Analysis; is another framework that can be used in external analysis and it looks at the strengths, weaknesses, opportunities, and threats in the market. These factors are used for determining the growth or decline of the market, the position of the business, direction, and potential for operations. The strength of Harley Company included customer loyalty and good reputation that they enjoyed in the local market, the dominance of super heavyweight motorcycle segment, state of art technological equipment for production, excellent workforce due to good treatment of employees and good strategies and organizational leadership. And the main threat was competition which was very stiff in the motorcycle market as well as an entrant of cheap products into the market. This analysis shows that Harley was in a greater position of making use of its opportunities and strengths to create strategies that would help it improve sales and gain a competitive advantage over its competitors. The creation of Harley Owners Group further saw an improved and close relationship between the company and the consumers because they were involved in social and charity events in the community. This delivered an atmosphere and the kind of emotions where the consumers felt an experience like they had never felt before linking with the Harley-Davidson Company. This help the company improved its sales and gain customer loyalty as well as competitive advantage in the market. Traditionally the majority of Harley consumers were blue-collar men aged the 20s and 30s but the demographic profile shifted and in 2002 the age group rose up from 30s to 40s. The company also recorded a 9% increase in female consumers down from 2 percent in 1987. The introduction of baby boomers into the market also improved their sales and as the prices rose up, the middle-aged professionals became the demographic targets and as they were the most attractive for the company.

Conditions for Equilibrium Essay Example for Free

Conditions for Equilibrium Essay When we say equilibrium, it is a state of balance. It is a condition where there is no change in the state of motion of a body. Equilibrium also may be at rest or moving within a constant velocity. A simple mechanical body is said to be in equilibrium if no part of it is accelerating, unless it is disturbed by an outside force. Two conditions for equilibrium are that the net force acting on the object is zero, and the net torque acting on the object is zero. Thus, the following objectives were emphasized in this experiment: to determine the equilibrant force using the force table and the omponent method, to determine the unknown forces using the first condition and second conditions for equilibrium, to locate the centre of gravity of a composite body, and to demonstrate rational equilibrium. 2. Theory Equilibrant is equal in magnitude to the resultant but oppositely directed. The first condition of equilibrium is when a body at rest or moving with uniform velocity has zero acceleration. The center of Gravity is the point where the weight of a body is assumed concentrate. The second condition of equilibrium is satisfied when the sum f all torques acting on an object about any axis equals zero. In activity 1, TA or the tension acting on the string is the weight of the pan A plus the weight added to it and multiplied to 9. 8 m/s2 TB or the tension acting on the string is the weight of the pan B plus the weight added to it and multiplied to 9. 8 m/s2 Experimental Equilibrant is the weight of the pan A plus the weight added to it. Theoretical Equilibrant= % Error = Exp. Theoretical X 100 Theoretical In activity 2, the equation Tl T2 cos e = O was used. From the equation, was derived to get the value ofT2 where, Tl is the reading on he spring scale when the pin is exactly at the middle of the ring e is the angle of the string makes with the horizontal Experimental Weight = T2 sin e Theoretical Weight= In activity 3, to check the results, the actual computation of center of gravity was used. Where XC and YC are the coordinates of the center of gravity of the circle, XS and YS of the center of gravity of the composite fgure. In activity 4, the equation was used, where, Xl is the length of the cylinder used X2 is the length of the center of gravity of the cylinder. And X3 is the length of the cylinder minus the 5. 0 cm. . Methodology There are 4 different kinds of activity in the experiment to determine the conditions for equilibrium. The materials used were the following: Force table and accessories, force board, cylinder of unknown weight, spring scale, electronic gram balance, card board, aluminum bar, cylinder of unknown weight, and protractor. For activity 1, the group used a force table, its three pans and accessories. The three pans were weighed and labeled as A, B and C. Pan A was hung at 30 degree mark and a 100g was placed on it whereas on pan B a150 g was placed and was hung at 200 degree mark. The group balanced the two tensions in the strings by placing weight on the pan C or adjusting its position in the force table to obtain the magnitude and position of the equilibrant. The theoretical equilibrant of the two tensions was solved using the component method. The group then computed the % error using the values obtained by the component method as your accepted value for magnitude as well as direction. Figure 1: Set-up for activity 1 For activity 2, a cylinder of unknown weight was suspended on the force board by means of two strings. A spring scale was then attached to one of the strings. One member of the group pulled the string horizontally until the pin was exactly at the middle of the ring. The reading on the spring scale was recorded as Tl . Another member of the group measured the angle that the other string makes with the horizontal and solved for the tension T2 of the other spring and the weight of a cylinder. Percent error was computed after. For activity 3, the group used a circle of diameter 10cm and a square of side 10 cm from the card board. The circle and the square was weighed and recorded as wc and Ws. The group determined the center f gravity of the composite fgure by using the balancing method and composite method. In balancing method, a pen was placed in the middle of the composite figure wherein the plumb method, the group used a string with a coin at the end then hung it from any point and measured where it intersects on the composite fgure. Figure 2: Balancing Method Figure 3: Plumbing Method For activity 4, the group first located the center of gravity of the aluminum bar by balancing it on a pencil. The cylinder used in activity 2 was hung 5. 0 cm from one end of the bar. Using the force board, the aluminum bar was supported by means of spring scale on the end and a string on the other end until the bar assumes a horizontal position. The group used the second condition for equilibrium to determine the weight of the bar and the tension in the string. Percent error was also computed. . Results and Discussion Activity 1 Tensions Magnitude (N) Position(0) TAI. 3105 300 1. 7962 2000 Experimental Equilibrant 0. 6241 3600 Theoretical Equilibrant 0. 5545 3560 % Error Table 1: Results of Activity 1 Table 1 shows the magnitude and the positions of the equilibrants and the tensions acting on the pans. The theoretical equilibrant of the two tensions was solved using he component method. The % error was computed using the values o btained by the component method as the accepted value for magnitude and the direction. Some factors that contributed the 13% error in this activity were the accuracy of the force table and its accessories used. Activity 2 Tl (N) 63 N (0) 440 T2 (N) 8. 7 N Experimental Weight (N) 6 N Theoretical Weight (N) 6. 3 N % Error 13. 2% Free Body Diagram of ring Table 2: Results of Activity 2 Table 2 shows the different unknown forces acting on the cylinder using the first condition for equilibrium. Some factors that contributed the 13. % error in this activity were the accuracy of the spring scale used and the pulling of the string horizontally. Activity 3 Weight of Square= 8. 36 g Weight of Circle= 6. 94 g Method Center of Gravity X- coordinate Y coordinate Plumb line Method 10 5. 2 Balancing Method 9. 55 4. 5 Computation 9. 54 5 Table 3: Results of Activity 3 Table 3 shows the x and y coordinates of the center of gravity of the component fgure using plumb line method, balancing method and the actual computation. In balancing method, a pen was placed in the middle of the composite figure wherein he plumb method, the group used a string with a coin at the end then hung it from computation was written in the manual. Activity 4 Reading of Spring Scale (N) 5 N Weight of cylinder (N) 5. 3238 N Experimental Weight of bar(N) 0. 7418 N Theoretical Weight of bar(N) 0. 7977 N % Error 7% Free Body Diagram of bar Table 4: Results of Activity 4 Table 4 shows the different unknown forces acting on the bar using the second condition for equilibrium. One factor that contributed the 7% error was due to the person holding the string at one end to make the cylinder bar in horizontal position 5. Conclusion Different activities in this experiment were accomplished to understand more about the conditions for equilibrium. Based from the results obtained by the group in the different activities, the group was able to determine the equilibrant force by using the force table and the component method. The unknown forces using the first and second conditions for equilibrium were determined. Using the square and circle fgure, the center of gravity of a composite body was located. Rotational equilibrium was demonstrated because the sum of all of the torques equals zero 6. Application 1 . State the first condition for equilibrium. If a body is in equilibrium, are there no forces acting on it? Equilibrium means the sum of all forces in all directions is equal to zero. It doesnt mean that there are no forces acting on it. It Just means that the forces that are acting on it are equal and opposite. 2. The Russell Traction system is used for a fractured femur. Identify the forces acting on the femur. If the weight hang is 5. 0 kg, find the force needed to immobilize the femur. What will supply this force? 3. What happens to the center of gravity of a person under the following situations? A. ) His upper right extremity is amputated. B. He carries all his books using the right arm only. )When ones upper right extremity is amputated, the center of gravity of the person would lean towards the right part of the body since the gravitational force on the remaining arm will push the center of gravity towards the right. b) When a person carries his books using only his right arm, the pull of gravity on the book would push the center of gravity of the body towards the left. 4. Devise a way by which you could determine your center of gravity. If the object is irregular in shape, the center of mass is always located closer to the more massive nd. Use felt pens to outline your partners body on a piece of butcher paper. Determine your partners approximate center of gravity by carefully cutting out the human outline and balancing it on your finger. Mark the center of gravity on your partners body with a piece of tape. Get a six foot piece of butcher paper and tape it feet. Mark their approximate center. Another way is to lie horizontally across the arm of a couch. The point where you are balanced is your center of gravity. 5. In general, the womens centers of gravity tend to be lower than mens. Can you explain why? Womens centers of gravity tend to be lower than mens because women have a bigger pelvis area. The skeletal structure of women make it so that their pelvis is bigger, since they will need the extra support come the time that they become pregnant, and their bodies support a baby. This means that the lower body of women is generally heavier in comparison to their whole body, as opposed to the lower body of men. This would make the center of gravity of women slightly lower, because more of their body mass is concentrated at the lower portion of their body.

Nestle and the food and beverages industry

Nestle and the food and beverages industry Nestle has strong corporate culture which is reflected by the company logo itself. The logo, Good Food Good Life which is always attached to its products is the main guidance for every activity within the company. Nestle believes that good food is the primary source of good health throughout life thus it always puts nutrition, health and wellness as the core of its business. The company tries to further develop and emphasize on these aspects. These three things Nutrition, Health and Wellness can be found in all Nestle products and in the company mission statement as well. Talking about the company culture which is related its people structure, Nestle has the culture of team focused and open door policy which become one of its corporate strengths. The company focuses on collectivism and performance orientation attitude to encourage employees to work harder (Ali et al, 2009). Strategic Purpose Mission of Nestle is to make better food so that people live a better life. There is an apparent relationship between this mission statement and the company logo. As what the company believes in, it strives to bring consumers foods that are safe, of high quality and provide optimal nutrition to meet physiological needs. In addition it also brings the vital ingredients of taste and4rrf4f5f5gt pleasure. Nestlà ©s corporate objective is to be the worlds largest and best branded food manufacturer, whilst ensuring that the Nestlà © name is synonymous with products of the highest quality (Nestle Corporate Objective, 2009). It shows that Nestle has achieved one part of its corporate objective which is to be the worlds largest manufacturer. This objective is related to another objective of Nestle which is the company wants to make sure that the product creates value that can be sustained over the long term for shareholders, employees, consumers, business partners and the national economies in which Nestle operates. The main concern of Nestle is to deliver nutritional value for the customers. Thats why in the website of the company, its clearly stated that Nestle is the worlds foremost Nutrition, Health and Wellness company. The CEO of Nestle, Paul Bulcke once said that the objective is to be recognized as the leader in the Nutrition, Health and Wellness and as the reference for financial performance, trusted by all stakeholders. The statement from the CEO is in line with the fact that Strategic Purpose isnt only concerned with what the organization should achieve but also who has influence over the purposes. In every organization there should be some people that have complex role in affecting the organizational purpose. These people are the stakeholders of the company. Nestle wants the stakeholders are well-served which is returned in the companys long term objective: to create sustainable value for its shareholders which require it to create the value for the societies at first place. 2.0 Industry Analysis The threat of entry At first glance, people may think that food and beverages industry is quite easy to enter. This is true if the consideration is only about the capital requirements. The capital requirement of entry is not high thus enable many parties to open their business in this industry. This opinion is also supported by the fact that many brands are occupying the shelves of supermarket or retailer. But if more factors are taken into consideration, the threat of entry for food and beverages industry is moderately high (medium level). The threat of entry is affected by many factors which are economies of scale, capital requirements, access to supply or distribution channel, customer of supplier loyalty, experience, expected retaliation, legislation or government action and differentiation (Johnson et al, 2005). For this industry there is no specific government legislation that governs the entry of new entrants. The fact is that there are many big players exist in this industry and they are at multinational level which means the retaliation is very great. These big players have broad product lines and they have global marketing strategy that those local brands are not able to compete with. These big companies also have an advantage in term of achieving economies of scale. They have more experiences to give them advantage in terms of cost, customer and supplier loyalty. Entering the food and beverages industry to compete with the big competitors such as Nestle wont be a wise decision unless the new comer has careful attention paid to the strategy. Nestle has the most important thing to retain its customers which is the brand name itself. In 2008, Nestle is one of the companies in the list of 100 Best Global Brand (Best Global Brands, 2008). Nescafe as one of the brand under Nestle was reported to have 13,056 million USD of brand equity. This shows how valuable the brand name of Nestle as the market leader in the industry which cant be imitated by competitors. The brand name is used to differentiate Nestle product from the competitors. Threat of Substitute Threat of substitute is high in the food and beverages industry. There are many substitutes available that might reduce demands for company in the food and beverages industry. To identify the threat of the industry, the company cant only look at close substitute. Threat can be assessed using price/performance ratio and extra industry effects. There is a tendency for food and beverages manufacturers to product broad range of products. These products may compete with one another to gain market share. It means that they become substitute for each other. For example Nestle Koko Krunch Cereal can be the substitute for Nestle Nesvita cereal drink since both of them are intended for breakfast consumption. Because Nestle is offering not all kinds of food and beverages, those unoffered kinds may act as the substitutes for the Nestle products. For example Nestle has coffee in its product lines which is Nescafe, the substitute for it can be the soft drinks which are not in the portfolio of Nestle. In this case the substitutes are also very broad. For certain food such as baby food, the substitute can be breastfeed which is free and offer same or higher value. Power of Supplier The power of supplier in food and beverages industry tends to be medium. The basis of Nestle products are agricultural raw materials such as milk, cocoa, and coffee. By referring to 3 factors that affect the power of supplier, only 1 factor can gives the supplier the power advantage which is the non-existence of forward vertical integration. Supplier power is increasing as many of the food and beverages manufacturer are not involved in agricultural raw material production and dont own or operate farms. Nestle, Cadbury, and Kraft are some of the examples. They rely on the suppliers to provide the raw materials. Nestle itself purchases agricultural materials in either raw or semi-processed form directly from farmers or via trade channels (Raw Materials, 2009). On the other hand, by considering the number of suppliers in the industry and also the switching cost, the dependency to a particular supplier can be reduced. The suppliers are not concentrated that enables the companies to choose the most appropriate suppliers. For multinational companies that have their operations in many countries throughout the world, if one supplier cant offer good price for the company, it can look for the other suppliers (can be in different countries). One issue for some companies is how to get the suppliers that can supply high quality materials as needed for producing high quality finished products. Switching cost from one supplier to another is not high. The bargaining power of supplier depends heavily on the strength of the companys brand. In this case, big companies such as Nestle can take advantage in bargaining. Small scale companies or local companies may feel that the power of supplier is higher as compared to the well-established companies. Power of Buyer Competitive Rivalry Food and beverages industry is a very competitive industry. This is affected by the other 4 factors discussed above. Its not too difficult to enter to this industry, the bargaining power of supplier and buyer are medium and threat of substitute is high. Some other factors also determine the intense of competition. The competitors are of roughly equal size which can make the competition even stiffer. They will attempt to gain dominance over another. For example Nestle and General Mills have joint ventured for breakfast cereal market. By having such joint venture these two companies instead of competing with each other they can gain better success (Jones, 2008). In overall this food and beverages industry has its own attractiveness to attract new comers to enter. Although from the 5 Porter results the industry isnt so attractive, it has its own set of appeal for the business party which is the growing opportunity (profit). If the new comers can have good strategy to penetrate into the market and know how to compete with existing companies, they can gain benefits in the competition. {draw:frame} Since Nestle is operating in world-wide market, the industry life cycle may vary among different geographical areas. In general food and beverage industry is at the growth stage of life cycle but for European market and non-European market they are at the different point of growth stage. Figure below shows the position of the food and beverages industry in the life cycle. Another reason for the difference is the demographic differences between the two different areas. A very important issue that makes European market is hardly to grow is regarding the population growth rates. As compared to other markets, the population growth rate is lower that makes the industry cant grow or generate higher profits for the market players. For food and beverages industry, the consumption is driven by the population growth. Slower population growth means the industry also grows slowly. The industry life cycle analysis is related to the Porter 5 forces. The relationship can be seen from the characteristics of the forces which vary for each life cycle stage. In other words the life cycle can be determined by looking at the 5 forces of the industry. As for the food and beverages industry, since its still at the growth stage the competition will keep increasing (intense rivalry) till it reaches maturity stage. One obvious fact is that in European and North America market the competition is stiffer as compared to the other markets. As shown in the curve before, these 2 markets are approaching the maturity stage while the other markets are just at the middle of growth stage. Nestle knows this thus it put more attention to the Asian market (Jones, 2008). The competitive rivalry is driven by the increasing number of new entrants. The power of buyers at growth stage isnt high but it will increase as the industry goes further in the life cycle. The main reason for this is because of increasing number of competitors to offer more products to the customers. In the Porter 5 Forces analysis it has been identified that the bargaining power of buyers is quite high already. This is because this industry is very broad and the companies can come out with many product selections. When the companies step into the maturity stage by sure they will have even more products providedto strengthen the companys brand. For example Nestle MILO has strong market share and remains a perennial favorite amongst Malaysia consumers. In order to further strengthening the brands image, the company added MILO GOLD to its product range. This was done to keep the consumers loyalty towards the product (Business Review, 2008). Reversely the power of supplier will be lower when this industry reaches the maturity stage. It is because the brand of the company will be more powerful when it enters to the maturity stage. As explained before the power of supplier is relative to the company brands. Currently since the food and beverages industry is still at the growth stage the power of supplier is medium. Nestle is an exception case. For Nestle whose brand is very strong, the power of supplier becomes lower. One proof to show that the power of supplier is low is the presence of Nestle Supplier Code. This Nestle Supplier Code establishes non-negotiable minimum standards that the suppliers must respect and adhere at all times when conducting business with Nestle (Nestle Supplier Code, 2009). The Code also helps in implementing the commitment to foster responsible practices in the company supply chain. It is used to ensure the responsible sourcing and supplier relationships that deliver a competitive advantage for N estle. Not all companies have capability to implement such thing. Suppose Nestle isnt a well-known company, it wont dare to have supplier code, instead it may have to listen to what supplier requires. A major barrier to entry for the growth stage is the learning or experience. Nestle and other companies have gained many experiences that allow them to achieve economies of scale. Pricing during this stage is also declining (lower than the introduction stage) and the profit is also increasing. Nestle and its competitors still have growth opportunity. Another proof to show this industry is still at the growth stage is more differentiated products are being introduced these days. The research center of Nestle is still striving to come out with innovative products and renovate existing ones. Before identifying the key drivers for change, the PESTEL analysis should be carried out. From the key factors in the macro-environment (PESTEL), there are 2 of the factors that influence food and beverages industry the most which are economic and social factor. These two are the key drivers for change in food and beverages industry. Demographic is also one of the factors that keep changing. The main factor within demographic that will impact the operation of the company is the lifestyle. As mentioned earlier, people are shifting to healthier life. The demand for food and beverages that dont fulfill this requirement cant stay long in the competition. But for Nestle this wont affect much since Nutrition, Health and Wellness has been the company focus for years. According to Johnson (2005) critical success factors are those product features that are particularly valued by a group of customers and therefore where the organization must excel to outperform organization. CSF can be related to the differentiation by the companies within the industry. There are 4 common forms of differentiation which can be used by the company which are: product attributes, price, support, and brand image. For the food and beverages industry the most critical success factor will be the product quality and innovation (Nestle: Global Strategy, 2009). It means that for the company to success in this industry, the product quality should be taken care the most while innovation process is also carried out. This is what Nestle has been doing so far. As mentioned before Nestle brand has been the symbol of quality. Innovation is said to be the critical factor because in this kind of industry the company should be able to come out with new ideas to keep pace with the changing customer preferences. Another critical success factor for the food and beverages industry is the healthiness of the products. This is closely related to the key drivers for change as discussed earlier. As people are very concern about their health, the healthiness of the food and beverages they are taking become a key determinant in their purchasing. Many groups of customer valued this healthiness issue thus allows Nestle to conquer big market share. Indirectly the brand image itself can be built from the product attributes thus brand is of the same importance with product quality in food and beverages industry. The company also needs to develop its corporate brand using CSR (Corporate Social Responsibility). Probably this factor is applicable for any industry in the business world. As Nestle is the market leader of its industry, by sure it has its own set of core competencies to deal with the critical success factors in the industry. All CSF is of Nestle capability which means it has the resources and competencies to cater all CSF. Without these competencies, Nestle cant sustain its position any longer. This core competency of Nestle has made the company reached the first place in the industry. Quality which is the most important factor for food and beverages industry has been so attached to the Nestle brand itself. Nestle knows that innovation and quality are the key determinants thus it transferred these competencies to the foreign market wherever it entered into (Nestle: Global Strategy, 2009). One of the innovations from Nestle which gives it first mover advantage is its nutrition labeling on all the products packaging. It was launched in 2005 and comprises three elements: Good to know, Good to remember, and Good to talk. These 3 labels can be found in all the Nestle products. There is another first mover advantage Nestle has which is becomes the first in the industry to offer a full range of chilled dairy products with No Artificial Coloring in 2008 (Business Review, 2008). Some examples of the products are BLISS Yogurt Drink, NESTLE Yogurt and YOCO Cultured Milk Drink. It was communicated under the Some Things are Best Left Natural communication campaign and received very positive feedback from consumers. Nestle also has competencies in leading and developing people (Roongrerngsuke, 2006). This is important since Nestle is operating worldwide. As the market in each country is different from the others, the company needs to adapt itself to the macro-environment accordingly. Nestle has the ability in adapting itself to local demand and cultural differences although it operates in global level. It uses local brands in a wide range of local markets and focuses on trying to optimize ingredients and processing technology to local conditions. Doing business in different countries means different ethical standards, different business expectations, and different cultural norms. One example to show Nestles ability in responding to local condition is when it penetrated to Nigeria, the company had to rethink its distribution method (operating a central warehouse) because the road system was poorly developed and much violence there. The global strategy must be backed up with the necessary financial and human resources and knowledge management should be introduced to spread information throughout the company (Nestle: Global Strategy, 2009). Nestle can take advantage of location economies to lower the cost of value creation thus it can achieve low cost position which will give the company even better market shares (Nestle: Global Strategy, 2009). The experience of Nestle itself also can help the company to sustain its competitive advantage in term of lower product price. For Nestle to sustain its competitive advantage shouldnt be a problem. This is due to the value and inimitable of the core competencies of Nestle especially for its corporate brand image and commitment. To achieve what Nestle has achieved so far is very difficult for the other companies. This requires long term experience and investment. The most important thing is that Nestle is aware of the intense competition and keeps improving itself so that competitors cant take over its position. For the nutritional labeling, it was protected by law and other companies cant follow the same thing. Another thing that enables Nestle to sustain its competitive advantage is the intangibility of innovation in Nestle and first mover advantage. Innovation has been the culture of Nestle and it cant be transferred to other parties. Furthermore with the presence of this competency, Nestle shouldnt be worry whenever there are any changes in the industry (macro-environment) especially when people life style change. The company still can come out with nutritious food and beverages to cater the demand of customers worldwide. 5.0 Strategic Directions and Corporate Level Strategies of Nestle Corporate level strategy is also dealing with the product diversity, international diversity, corporate parenting roles and management of portfolio (Johnson et al, 2005). It is strongly related to the strategic direction of the company. Nestle applied international diversity which means it differentiates its products based on the local market and competition. The example has been given in the chapter before which shows the Nestle ability in adapting itself to the local market. In selecting the corporate strategy a firm might refer to Boston Matrix, Ansoff Matrix or use a simple SWOT analysis to establish where the company is and in which direction it wishes to head. Below is the BCG portfolio matrix for Nestle SBU. The classification is based on the performance of the SBU (the profit it generated to Nestle). Most of the Nestle SBU is in the category of star. The SBUs in this category generate high profit for the companies. This is the main reason why Nestle can gain its number one in the industry. All its SBUs are generating profit. Nestle doesnt have any SBU in dog and cash cow category. Take example of Ice Cream SBU to show why its considered as star. Nestlà © Ice Cream registered double digit growth in 2008 (Business Review, 2008). The division continued to spearhead the market with even stronger brand awareness, which saw continuous and sustained brand building efforts even during lackluster market conditions. This SBU can come out with innovative products such as DRUMSTICK Techno, DRUMSTICK Retro ice cream and MAT KOOL Tangle, MAT KOOL Super Blaster and TROPICANA Plus ice confection. In the following years if the innovation is kept carried out, this SBU can still generate high profit for Nestle. Strategic direction or development directions are strategic options available to an organization in terms of products and market coverage (Johnson et al, 2005). There are 4 strategic development directions which are: protect/build, product development, market development and diversification. Nestle has done the 4 strategies. In recent years, the company has pursued a policy of expansion and diversification through acquisition and divestment to achieve a more balanced structure to the business. Product development is the main direction of Nestle and done by the company RD team. As what a director of Nestle said, renovation is to keep pace in the industry; company needs to change at least as fast as consumer expectation. Innovation is to maintain the leadership position; to move faster and go beyond what consumers will tell (Nestle SWOT analysis, 2005). These 2 strategies are intended for internal growth to achieve higher volumes. In 2005, Nestles ice cream business unit for the China Region launched 29 new products to attract more consumers having its quality improved (Nestle Attacks with New Products, 2005). As the multinational company, market development is also very important in order to increase the geographical area coverage. In this case Nestle is expanding the market by geographical area. Nestle expanded to Asia region as it saw good opportunity there. In some cases Nestle used joint venture to assist itself in entering into new market. As a multinational company, Nestle has done some sorts of international strategy such as joint ventures with Coca Cola and General Mills (Nestle SA, 2009). These 2 joint ventures still main for the food and beverages industry (this also can be the example of related diversification). Joint venture with General Mills is to form Cereal Partners Worldwide and joint venture with Coca-Cola is named Beverages Partners Worldwide. The main reason for Nestle to do the joint ventures for its market development strategy is to benefit from the traditional marketing expertise and distribution strength of Coca-Cola and General Mills. These 2 joint ventures also allow the companies to have their market penetration (existing product in existing market). Nestle has related diversification and unrelated diversification. For the related diversification, it can be seen from the wide product portfolio which encompassing baby foods, dairy products, chocolates, breakfast cereals, food seasoning etc. For unrelated diversification, Nestle did it by acquiring or joint venturing with other big companies. For example Nestle acquired Alcon Laboratories Inc. in Texas which is a pharmaceutical company specializing in eye care (Company Related, 2009). Another example of unrelated diversification is the joint venture with LOreal. Nestlà © and LOrà ©al have a close relationship dating back to a shareholder pact made in 1974. Nestlà © holds a 26.4% stake in the worlds largest cosmetics group. Whilst it is unlikely that Nestlà © will take over LOrà ©al in the immediate future, it could well do so in a few years (Nestle SA, 2009). For the future days, Nestle may still come out with market development, product development and diversification. Nestle with its RD team can come out with more and more innovative idea in developing the products and try looking for new market segment. The new market segments can be new geographical unit or based on demographic factor. However for the unrelated diversification Nestle shouldnt go to extensive. It is because the more extensive the unrelated diversification the lower the performance will be. 6.0 Conclusion Conducting industry analysis is very important whenever a company wants to enter into new market. Porter 5 forces and industry life cycle are have-to-do analysis before making decision. However for the existing companies especially large scale companies, they need to pay attention to the future changes that might happen in the industry because these changes will impact the operation of the company in the business environment. Nestle as the leader in the food and beverages industry has its own set of competencies that allow it to conquer the largest market share and left the competitors behind. The core competencies or strategic capability of the company should fit what the most influential factors in determining the success of the company are. It means that the core competencies should be able let the company to sustain its competitive advantages. Portfolio matrix assists the company in determining how to allocate the investment based on the SBU. By understanding this, the company knows the direction it should go. This is related to the issues of market penetration, consolidation, product development and diversification.

The Victims in McCarthys Child of God Essay example -- McCarthy Child

The Victims in McCarthy's Child of God  Ã‚   In Cormac McCarthy's Child of God, Lester Ballard is a recluse who is shunned by the people of his community. Because of his morose nature and his bizarre habits, he stands out among the small rural community. The rejected Ballard turns from being a harmless recluse to a murderer. While he is clearly a victimizer, he is also a victim himself. He is the victim of his own ostracization from the community that he was a part of. While the victimization that he suffers cannot justify his violent actions, it provides some explanation of how Ballard has reached the point of being a victimizer himself. Lester Ballard is a loner who is forced off his property and takes refuge in an abandoned barn hidden in the woods. He does not have a job and often has difficulty in his associations with the people of his own town. He supports himself from day to day on what provisions he can find in the woods and what he can manage to afford from town. He spends his days wandering through the woods or through town. He rarely associates with any locals and he takes more delight in whisky than in the presence of others. A couple of stuffed animals that he wins at a fair take their place as his only company. The corpse of a young woman that he stumbles upon in the woods becomes his first sexual companion. Ballard treats the corpse as he would a wife, buying clothes for her, whispering into her ear, and laying her down beside him when he goes to sleep. While these actions seem deranged, they also seem to be his way of finding the nearest replacements to the social company that he has been denied in li fe. Unlike the young women in town, the dead corpse of a woman cannot make fun of him or be insulted by his ... ...e would suffer. The people of his community always had low expectations of Ballard to begin with, and they gave him no reason to fear what they might think of him. Lester Ballard is a victimizer of innocent people, and this is the result of his own isolation . Although little insight into his mind is provided, the existing evidence of his way of life has provided some explanations into why he has committed these crimes. The members of his community, wanting to distance themselves from any association with Ballard, has coincided with the evolution of his bizarre actions. Thus Ballard is completely unrestrained by any concept of helping society. He is the product of a society that has turned its back on an individual that they would rather look down upon than be associated with. Works Cited: McCarthy, Cormac. Child of God. New York: Vintage Books, 1973.

Inhumanity in Flannery O’Connor’s A Good Man is Hard to Find and Shirle

In Flannery O’Connor’s, â€Å"A Good Man is Hard to Find,† and Shirley Jackson's, â€Å"The Lottery,† both short stories deal with man’s inhumanity in different situations, and ending with a similar consequence. Jackson and O'Connor both use two characters to depict man having the power to manipulate truth and objection into something people accept. In O’Connor’s’ A Good Man is Hard to Find, the Misfit is a character in need of desired assistance, troubled and confused he wanders savagely murdering strangers. On the opposite side of the ring, you have a seemingly traditional early 1900’s Caucasian senior citizen traveling with her family. Hasting to waste time, the grandmother drives her family all through the Southeastern states. The two meet in a tire blow out, and for the grandmothers’ wicked mouth this will be the end for the entire family. In a haste reaction trying to spare her own life other than her already dead family, she extends her arm towards the cold killer trying to unravel the slightest last bit of morality the Misfit has. At that moment, her Christian morals are revealed, but sadly the old woman finally was silenced. The Misfit fired his g un, scared and just in awe at the hope and desperation the grandmother had in her Christian hopes of saving her life. Humorously towards the killing the Misfit quotes, â€Å"She would of been a good woman," The Misfit said, "if it had been somebody there to shoot her every minute of her life." â€Å"In Matthew 10:39 Jesus says, â€Å"Whoever finds his life will lose it, and whoever loses his life for my sake will find it.† O’Connor delves into this paradox in several of the short stories in A Good Man Is Hard to Find. For instance, the grandmother in â€Å"A Good Man Is Hard to Find† loses her earthl... ...er not using her voice caused her to lose her life; by not speaking she already had placed her hands into blind obedience resulting in her stoning. Being very inhuman, these stories tackle the very essence of inhumanity in tradition. Are you willing to play the lottery? Works Cited Hooten, Jessica. Comp. Baylor University. "EBSCOhost: Individualism in O’Connor’s A GOOD MAN IS HARD TO FIND,† (2008). EBSCO Publishing Service Selection Page. Web. 15 Nov. 2010. Connors, Flannery O' "A Good Man Is Hard to Find." Pegasus Web Server Home Page. Web. 15 Nov. 2010. Shields, Patrick J. "EBSCOhost: Arbitrary Condemnation and Sanctioned Violence in Shirley Jackson's "the Lo..." Vol. 7.No.4 (2004): 411-19. EBSCO Publishing Service Selection Page. Dec. 2004. Web. 15 Nov. 2010. Jackson, Shirley. "The Lottery--Shirley Jackson." Classic Short Stories. Web. 15 Nov. 2010.

Applying the Nursing Code of Ethics to Patient Care Essay -- Nursing P

Nurses have the greatest potential for improving a patient’s well-being. As a profession, nurses need to promote the core values and code of Ethics amongst them. Nurse practitioners are required to understand and practice the specific knowledge and skills of core values such as nurse caring, advocacy, holism and professionalism to assist the patients in their critical condition (Volp 2007a). This essay will discuss the core values of responsible nursing practice and code of ethics in relation to the young patient who is suffering from paraplegia. Paternalism A policy or practice of treating people patients in a fatherly manner, especially by providing for their needs without giving them responsibilities. Paternalistic practices, wherein providers confer a treatment or service upon a person or persons without their consent, ostensibly by reason of their limited autonomy or diminished capacity, are widespread in healthcare and in societies around the world. Numerous issues surround paternalistic practices (Cody WK). So doctors and nurses make decision about the treatment of patients or their clients, but it is against the patient’s choices or thoughts, according to doctors and nurses, it is beneficial for the patient (Jones). On the other hand, when patient take autonomous decision then they will get some self-harm, so, conflict arises between the nurses those are on duty of the patient care and the patient’s right to autonomy. Frequently, nurses and other medical staff used the paternalistic action to resolve the problem (Jo nes). According to the Jones (p.379) suggested that, paternalism and autonomy as two inversely varying parameters along a spectrum of independence’. Moreover, nurses and doctors created an imbalance between... ...ier, item: AN 11355240. Johnstone, M 2005, ‘Ethics and Professional practice’, in J Crisp & Taylor (eds.), Potter and Perry’s Fundamentals of Nursing, Melbourne, Australia. Lane, P, O’Brien, U, Gooney, MA & Reid, T 2005, ‘The progression of holism into postgraduate curricula in critical care nursing’, Dimensions of critical care nursing, vol. 24, no. 3, pp. 131-138, viewed 6 May 2011, EBSCOhost database Academic Search Premier, item: AN 17099480. Moore C 2008, ‘A caring nurse’, Bella Online: The Voice of Women, viewed 1 March 2011, http://www.bellaonline.com/articles/art43027.asp Rowe, J 2005, ‘Nursing: the art of caring’, in J Crisp & Taylor (eds.), Potter and Perry’s Fundamentals of Nursing, Brisbane, Australia. Taylor, C 2005, ‘Managing Client Care’ in J Crisp & C Taylor (eds.), Potter and Perry’s Fundamentals of Nursing, Melbourne, Australia.

English Is Official Language In U.S. Essay

Half the countries in the world have an official language. The US is not one of them. Recently some attempts were made to designate English as the official language of the United States, though this country is widely known for being multinational and, correspondently, multilingual. Nevertheless, at the present there are twenty seven states out of fifty that are claiming English to be their official language either by adopting a law or in their state constitutions. Thus, English language de facto occupies a position of the official language in the United States, and there are many supporters of the idea to set it in documents, de jure. The question arises: is this so vital? Should it be done by all means and at any cost? Definitely, there are some clearly stated advantages, pertaining mainly to the issue of immigration, both legal and illegal. Firstly, if English is designated as the official language, it will ensure that all the immigrants become more proficient in English, thus making communication and integration into the society much easier for all the parties. It is difficult to imagine any immigrant achieving the American dream without knowledge of English. This fact, though having little financial of physical impact, will incite people coming from other countries to learn English more zealously. Being forced to learn English, any immigrant will gain access to a full life of an American. Then, English as the default and official language will become a uniting factor for people from different parts of the world. They all came to America from divergent backgrounds, and English language is the tie that can bind them together. The last but not the least is the financial factor. Many states maintain language diversity thoroughly, which can not but call for extensive financial support. There are bilingual ballots, education, publications, and similar services provided at public expense. Massachusetts offers driver’s tests in more than two dozen foreign languages. Federal voting rights laws provide for ballots in multiple translations. Internal Revenue Service forms are printed in Spanish. Elimination of need to translate these from one language into another may save a lot of money. On the other hand, all these advantages can easily turn into disadvantages if regarded from the other point of view. Thus, immigrants coming from all parts of the world will have to abandon their native language and most traditions. Of course, as it has already been mentioned, this would benefit to their integration into the American society, but at the same time weakening of cultural and historical bonds may result in loss of national identity. Moreover, the idea of ‘English-only’ implies the feeling of linguistic superiority and somehow exclusivity. It can definitely and can be upsetting to people whose native language is not English.   Its misuse would be intended to provoke an emotional reaction and in a way irritate anyone who favors making English the US official language, as well as those who simply want to protect its role as the common language of the United States. Designating English as the official language will also give trouble to bilingual education which is nowadays very popular in many states. Bilingual education programs use both the student’s native language and English for instruction. It is emphasized that native language development has the positive influence on second language proficiency. Lack of first language development has been shown, in some cases, to inhibit the level of second language proficiency and cognitive academic development. Successful bilingual education programs actually result in faster acquisition of English. Content matter taught in the native language can be transferred to the second language. In the regular classroom, confronted with both concepts and language that are not comprehensible to them, limited English speakers learn neither the content nor the language. Language acquisition occurs only when incoming messages can be understood. Again, to be successful, citizens need to be open to learning multiple languages. Business leaders and Europeans do it. Knowing multiple languages is a great asset. In a global economy, it is the monolingual English speakers who are falling behind. Along with computer skills, a neat appearance and a work ethic, Americans more and more are finding that a second language is useful in getting a good job. What is the most important, everybody knows that English is the official language already, even if it was not designated to be one. Its declaration as the official tongue would be nothing but a mere symbol. No matter how hard the proponents of designation try to officially establish a language for the US, it is in vain; such a language already exists and is predominant. Correspondingly, efforts to strive for it can be applied to maintain the country’s multilingualism. Outline: question of designating English as the official language in the USA is a debatable one. The arguments â€Å"for† are that it would encourage immigrants to learn the language, helping them to integrate into the society and become citizens of the United States.   It would also help to save the money spent on translations. Nevertheless, the disadvantages of such a step prevail: loss of language and culture of immigrants, problems with bilingual education, limitation of possibility to acquire new languages.   Nevertheless, the crucial factor â€Å"against† the designation is that it would mean nothing, as most benefits from such the step are already existent.

Are Asains Becoming White Essay

1) Asian Americans have been stereotyped under the image of being a model minority from the mid-1960s to our present day (Macionis 2010:278). Being a model minority means â€Å"overcoming extreme hardships and discrimination to achieve success (Macionis 2010:278). † Success â€Å"economically, socially, and educationally†¦without resorting to confrontation with Whites (Schaefer 2009: 252). † Asian Americans have done this and the public has â€Å"attributed their winning wealth and respect in American society to hard work, family solidarity, discipline, delayed gratification, non-confrontation, and eschewing welfare (Macionis 2010:278). † Being labeled a model minority might appear to bring only prestige but in fact it brings consequences as well. One such consequence is that being a â€Å"model-minority holds Asian Americans to higher standards (Macionis 2010:279). † Situations that may be accepted for some aren’t accepted from them. They are â€Å"judged by standards different from average Americans (Macionis 2010:279). † Also because of the expectations placed upon them they are channeled to â€Å"specific avenues of success, such as science and engineering (Macionis 2010:279). † This leads up to another consequence of parents â€Å"often discouraging their children from entering fields they regard as unlikely to offer financial security, such as the arts (Schaefer 2009:252). † A child may have a gift as an astounding writer, yet the parents will still discourage it due to worries about job outlook and income in the future (Macionis 2010:279). Another consequence the label causes is that it â€Å"reinforces the myth that the United States is devoid of racism and accords equal opportunity to all (Macionis 2010:279). † This implies that â€Å"those minorities that do not succeed are somehow responsible for their failure†¦this attitude is yet another instance of blaming the victims (Schaefer 2009:252). † Although, not all bad, an advantage of the stereotype is that Asian Americans are more likely to attain a high-paying job. It is common to see â€Å"Asian Americans are concentrated near the top in professional and managerial positions†¦(Schaefer 2009:251). † Simply due to what they are known for Asian Americans are allowed more opportunity and they prove themselves over and over again; with the highest median household income of all racial groups, and the lowest poverty rate of all racial groups (Macionis 2010:278). 2) Min Zhou asks the question, â€Å"Are Asian Americans becoming white? † First off, what does it mean to be White? â€Å"White is an arbitrary label having more to do with privilege than biology (Macionis 2010:276). † Being white means different things to different people. To some becoming white â€Å"can mean distancing oneself from â€Å"people of color† or disowning one’s ethnicity (Macionis 2010:276). † To others becoming white is something to strive for because it means attaining a privileged status (Macionis 2010:280). The most common view accepted by Asian Americans is â€Å"that â€Å"white† is mainstream, average, and normal, and they look to whites as a frame of reference for attaining higher social positions (Macionis 2010:279). † Asian Americans are becoming white as I see it. They are gaining prestige, they working hard and they strive for something greater. Especially since being white is commonly associated with being an American (Macionis 2010:280). â€Å"Asian immigrants tend to believe in the American Dream and measure their achievements materially (Macionis 2010:279). † They share common interests with most Americans such as, â€Å"to own a home, to be my own boss, and to send my children to the Ivy League (Macionis 2010:279)†, as one Chinese immigrant stated. Of course, being an American is more than just these items, but it is a generalized American mentality that shows common ground. If Asian Americans choose to marry a partner of a different racial background, 87 percent of those marry whites (Macionis 2010:280). There are thoughts that some Asian Americans hold, such as, â€Å"You can certainly be as good as or even better than whites, but you will never become accepted as white (Macionis 2010:280). † I believe this to be incorrect. â€Å"According to a new Purdue University study, more than 94 percent would say that having United States citizenship makes someone â€Å"truly American. † http://phys. org/news64938913. html: 3)† If we were to relate being white to being American, most Asian Americans are already there. With the mentality, dedication and perseverance that Asian Americans display, I would say, Yes, Asian Americans are becoming white. 3) The Jews and Asian Americans had two different experiences that could be seen to relate in certain aspects despite the large difference in events. The Jews were intelligent and successful though looked down upon in the United States and they were seen as â€Å"members of an inferior race (Macionis 2010: 266). † It wasn’t until after World War II those things drastically changed. â€Å"Before the war, most Jews, like most other Americans, were working class. Already upwardly mobile before the war relative to other immigrants, Jews floated high on this rising economic tide, and most of them entered the middle class (Macionis 2010:272). † Like Asian Americans, Jews were always ahead of the other races. They were given difficult roads to face and large obstacles to climb, yet they achieved success, following the definition of the model minority. Similarly they struggled with the dilemma of being considered white. Before the war, â€Å"Columbia University took steps to decrease the number of entering Jews by a set of practices†¦(Macionis 2010:269). † It wasn’t until the war that there were â€Å"changes set in motion during the war against fascism that led to a more inclusive version of whiteness (Macionis 2010:270). † Though the struggle was different, it was still there for both groups. The Jews compared to Asian Americans benefited most from government programs that spurred upward mobility because after the war the government was in need of a rise in the economy and they created great programs to assist in that matter (Macionis 2010:270). The â€Å"Jews’ and other white ethnics’ upward mobility was the result of programs that allowed us to float on a rising economic tide (Macionis 2010:273). † Asian Americans on the other hand, upward mobility wasn’t based off of programs as much, as their heritage and culture. Instead, â€Å"In spite of these obstacles, Asian Americans students soldier on with strong support from their parents (Schaefer 2009:252). † As for comparison with African Americans and Asian Americans they are in two completely different categories. Both are minority groups, though they are on opposite sides of the court. Asian Americans have higher income rates than Whites, African Americans on the other hand, have their â€Å"household income of Blacks is still 60 percent that of Whites, and the unemployment rate among Blacks is more than twice that of Whites (Schaefer 2009:250). † Still to this day Blacks â€Å"remain significantly underrepresented, despite Senator Barack Obama†¦(Schaefer 2009:520). † Asian Americans are well represented due to being the model minority. Asian Americans are a very diverse group of people. â€Å"Their diverse origins include drastic differences in languages and dialects, religions, cuisines, and customs (Macionis 2010:278). † Because of this â€Å"all of these differences create obstacles to fostering a cohesive pan-Asian solidarity (Macionis 2010:278). †

I Born In Refugee Camp In Nepal

A person who does not have own home country and is settled down in another country, who is dependent on the government for water, food, shelter, and education, is known as a Refugee. Nepal has lots of these kinds of Refugee camps. I was born in camp, and while there, I had a lot of struggles just to survive. My parents are from Bhutan. One day the Butane's government exiled about more than one hundred thousand citizens, which included my parents, from their own country. They leave their own land forcefully. The Nepal government gave land to live on for those people as refugees but never gave citizenship.The entire refugee population started struggling to get food for even one day. Many parents killed their own kids because they didn't have enough money to buy food for their child. Many parents threw their babies in the garbage, and many people died because of poor sanitation. Due to the lack of electricity people had to finish their work before nightfall. When the government, after t en years finally began providing education, we, the students, had to start doing homework as soon as we got home from school. If we didn't finish it, we had to do homework to candle light or kerosene lamp.After living a congested life in the refugee camp, we heard about an opportunity from MOM (International Organization for Migration) about third country resettlement. We decided to come to America to make our future bright. Three months after I arrived in the USA joined middle school. There were lot s of students in my class and they always gave me unusual names in their language e and laughed at me for no reason. At that time, I knew very few English words so couldn't say anything to them. When graduated middle school, I went to SST. Gregory.There, I found all the t coachers, students, and parents to be helpful. My freshmen and sophomore year I had a lot of struggles to learn English. Learning English was hard many times couldn't even pronouns e a simple word, but I learned after many struggle. This is my second semester in Harold Washington college. I chose to go to city college at first because of my family financial condition an d my struggle on English language, and now is much better than before, so have started to HTH ink about my future, started to think about those problems which I had faced when I was in the re fugue camp.Because of that I choose to be an electric and electronic engineer and fix those e problems we had in the refugee camp that prevented me from studying at night. I have had to overcome many struggles to be in the position I am in and my family has been a great support to me. I want to make my future bright and achieve my am through your school. Decided to study engineering because I always wanted to know how machines work, and to be creative in my work. I have always enjoyed challenging myself, and want to be in career which would demand that I use all my knowledge to find solutions.

William Randolph Hearst

William Randolph Hearst was born in San Francisco, California. He received the best education that his multimillionaire father and his sophisticated schoolteacher mother could buy†private tutors, private schools, grand tours of Europe, and Harvard College. Young Hearst's Journalistic career began in 1887, two years after his Harvard expulsion. â€Å"l want the San Francisco Examiner, † he wrote to his father, who owned the newspaper and granted the request.When William's father died, he left his millions in mining properties, not to his son, but to his wife† ho compensated by giving her son ten thousand dollars a month until her death. The Daily Examiner became young Hearst's laboratory, where he gained a talent for making fake news and faking real news in such a way as to create maximum public shock. From the outset he obtained top talent by paying top prices.To get an all-star cast and an audience of millions, however, Hearst had to move his headquarters to New Y ork City, where he immediately purchased the old and dying New York Morning Journal. Within a year Hearst ran up the circulation from seventy-seven thousand to ver a million by spending enough money to beat the aging Joseph Pulitzer's World at its own sensationalist (scandalous) game. Sometimes Hearst hired away the World ‘s more aggressive executives and reporters; sometimes he outbid all competitors in the open market.One of Hearst's editors was paid twice as much in salary as the sale price of the New York World. Hearst attracted readers by adding heated reporting of sports, crime, sex, scandal, and human-interest stories. â€Å"A Hearst newspaper is like a screaming woman running down the street with her throat cut,† said Hearst writer Arthur James Pegler. Hearst's slam-bang showmanship attracted new readers and nonreaders. During the last five years of the nineteenth century, Hearst set his pattern for the first half of the twentieth century.The Journal supported t he Democratic Party, yet Hearst opposed the campaign of Democratic presidential candidate William Jennings Bryan (1860-1925) in 1896. In 1898 Hearst backed the Spanish-American War (1898; a war in which the United States aided Cuba in its fight for freedom from Spanish rule), which Bryan and the Democrats opposed. Further, Hearst's wealth cut him off from the troubled masses to whom his newspapers ppealed. He could not grasp the basic problems the issue of the war with Spain raised.Entering politics Having shaken up San Francisco with the Examiner and New York City with the Journal, Hearst established two newspapers in Chicago, Illinois, the Chicago American in 1900 and the Chicago Examiner in 1902; a newspaper in Boston, Massachusetts, the Boston American; and a newspaper in Los Angeles, California, the Los Angeles Examiner in 1904. These added newspapers marked more than an extension of Hearst's Journalistic empire, they reflected his sweeping decision to seek the U. S. presidency . Perhaps his ambition came from a desire to follow in his father's footsteps.His personality and fortune were not suited to a political career however. In 1902 and 1904 Hearst won election to the House of Representatives as a New York Democrat. Except, his Journalistic activities and his $2 million presidential campaign lett him little time to speak, vote, or answer roll calls in Congress . His nonattendance angered his colleagues and the voters who had elected him. Nevertheless, he found time to run as an independent candidate for mayor of New York City in 1905, and as a Democratic candidate for governor in 1906. His loss in both elections ended Hearst's political career.Personal life In 1903, the day before his fortieth birthday, he married twenty-one-year-old Millicent Willson, a showgirl, thus giving up Tessie Powers, a waitress he had supported since his Harvard days. The Hearsts had five boys, but in 1917 Hearst fell in love with another showgirl, twenty-year-old Marion Davie s of the Ziegfeld Follies. He maintained a relationship with her that ended only at his death. When Hearst's mother died, he came into his inheritance and took up permanent residence on his father's 168,000-acre ranch in southern California.There he spent $37 million on a private castle, put $50 million into New York City real estate, and put another $50 million into his art collection†the largest ever assembled by a single individual. Hearst publications During the 1920s one American in every four read a Hearst newspaper. Hearst owned twenty daily and eleven Sunday papers in thirteen cities, the KingFeatures syndication service (organization that places featured articles or comics in multiple papers at once), the International News Service, the American Weekly (a syndicated Sunday supplement), International Newsreel, and six magazines, includingCosmopolitan, Good Housekeeping, and Harper's Bazaar. Despite Hearst's wealth, expansion, and spending, his popularity with the publi c as well as with the government was low. Originally a progressive Democrat, he had no bargaining power with Republican Theodore Roosevelt (1859-1919). Hearst fought every Democratic reform leader from Bryan to Franklin Roosevelt (1882-1945), and he opposed American participation in both world wars. In 1927 the Hearst newspapers printed forged (faked) documents, which supported an accusation that the Mexican government had paid several U. S. senators more than $1 million to support a CentralAmerican plot to wage war against the United States. From this scandal the Hearst press suffered not at all. In the next ten years, however, Hearst's funds and the empire suddenly ran out. In 1937 the two corporations that controlled the empire found themselves $126 million in debt. Hearst had to turn them over to a seven- member committee whose purpose was to save what they could. They managed to hold off economic failure only by selling off much of Hearst's private fortune and all of his public powers as a newspaper owner. William Randolph Hearst died on August 14, 1951, in Beverly Hills, California.

Nissan Essay Example | Topics and Well Written Essays - 1250 words

Nissan - Essay Example It seemed like no one would be able to revive the company. In 1999 Renault has bought a 37% share of Nissan and announced the merger between two companies. Investing $5,4 billion in Japanese manufacturer falling quickly into the abyss was taken as more than just unwise by skeptics. Nevertheless, executives of Renault were optimistic about the deal. Carlos Ghosn was sent to head the restructuring of Nissan by Renault in June 1999. "Ghosn slashed costs and laid off employees, but also instituted a sweeping reorganization of the entire company, announced an ambitious slate of new vehicles and promised that if Nissan was not profitable in 2000, he and his entire managerial staff would quit"2. Eventually Ghosn has kept his promise and became a CEO of Nissan in 2000. Nissan had lost Japanese market share for 27 years in a row, and was operating at 50% capacity, with far too many suppliers, constant goal changes, poor accounting data regarding product line profitability (later found only 4 of 43 models were making a profit), and goals generally lacked quantitative specificity on amount (eg. "Build a quality product"), timing, or priority.3 The company was dying under the traditional Japanese management. ... innovative and motivating technique; statistical quality control as the key to productive effectiveness; a long planning horizon; and consensus decision making, as a form of participative management4. The Japanese style of management is all about quality. Due to the fact that a lot of American and European companies have successfully implemented Japanese strategies it should be noted that quality is really important when it comes to competitive advantage. Nevertheless, the mistake of Nissan was behind the belief that quality is the only important factor. This mistake was uncovered by Carlos Ghosn. Traditional Japanese management is based on the collective mentality. Individualism is valued less in Japanese companies than in European. Nissan needed drastic changes and cost reduction above all, however the Japanese mentality interdicted the implementation of extreme methods used by Ghosn. Additionally, overlapping net of distributors, which is also a typical feature of the Japanese management strategies, has played a mean joke to Nissan, forcing its distributors to compete with each other. Resuming the subsection, it can be concluded that traditional style of management was ineffective in Nissan. It was like dozens of feuding board members were not able to make an agreement. Changes made by Ghosn The impact made by Carlos Ghosn on the performance of Nissan was great. This Brazilian manager of Lebanese origin used a simple philosophy: "Be transparent and explain yourself in clear, lucid terms. Do as you say you are going to do. Listen first; then think".5 It may seem really simple, however it helped Ghosn to perform greatly in South and North American divisions of Michelin, and then in Renault and Nissan. According to Magee, he "may be the only person to have four

Government-Fostered Ownership Essay Example | Topics and Well Written Essays - 750 words

Government-Fostered Ownership - Essay Example The so called concentration of media is a term given to the concentration of ownership rights into the hands of few individuals or entities which control the major chunk of the media including radio. The question of whether the US government allowed the concentration of ownership into the monopoly or oligopoly ownership structure with the radio industry is question of great debate because over the period of time, radio industry has been subject to various regulations. The FCC’s verdicts also indicated that the US government was more than willing to consolidate the ownership of radio industry in few hands apparently for reasons which may not be fully understood. (Compaine, 2005). The radio and other allied industries such as railways as well as TV in US evolved under the private ownership as against in UK and elsewhere. The fact that the radio industry evolved under the private ownership has provided much flexibility as well freedom to operate. It is also important to note that the radio as a private invention and as such the ownership of broadcasting also remained within the hands of the private owners. The policy of the US government has been to allow the flourishing of the radio industry under the private ownership. It is also however, critical to note that the US government has over the period of time regulated the industry in a bid to keep it under the tight control however, the ownership of the industry remained within the private owners, and as such it was also gradually culminated into the monopoly or oligopoly. One of the reasons for this which is often cited is the assumption that the strict government control over the radio may be a barrier to entry and as such the freedom of speech as well as other fundamental rights may be subjugated by the government. Further, the government control might have resulted into the barriers to creativity as strict government control could have resulted into