Relationship Between Firm Resources And Performance Commerce Essay

Connection Between Firm Resources And Performance Commerce Essay Numerous scientists have bring up that the connection between firms assets and execution are consistently the pivotal region of enthusiasm for key administration (Barney, 1991; Peteraf, 1993; Wernerfelt, 1984). Asset based view (RBV) features the interior condition of the firm in making methodology to achieve a manageable upper hand in it. Thusly, RBV can be consider as the best procedure course in the advancement of an organizations methodology. Nonetheless, the relationship among vital asset and firm execution might be very perplexing and should be look at, there is likewise a wide range of elements that can impact the relationship. Truth be told, there is nobody best technique that will suits all circumstance for a firm. In addition, RBV additionally been contrasted with others system advancement techniques like Porters industry examination. In light of this task, we will be center around the conflict that RBV investigation has a solid relationship with firms execution particularl y in accomplishing a reasonable upper hand for certain industry as it were. Asset in RBV can be characterized in a very board way. For example, Wernerfelt (1984) involves all qualities and shortcomings of a firm. Ideas like unique capacities (Barney et al, 2001), business (Alvarez and Busenitz, 2001) and the board (Barney, 1994; Mahoney, 1995) are normally viewed as key assets. Additionally, RBV likewise has been characterized as supplies of accessible components that are claimed and constrained by the firm, these elements can be grouped into physical, reputational, hierarchical, monetary, human scholarly and mechanical, which are changed into definite items or administrations productively and adequately (Amit and Schoemaker, 1993; Capron and Hulland, 1999). As we probably am aware, assets are abused by individuals, not without anyone else. Individuals have vary extensively worried to the sorts of abilities they have, additionally their level of skilfulness and their knowledge to see openings (Eisenhardt and Martin, 2000). As indicated by Brown et al. (2001) , so as to create innovative execution inside the firm, supervisors must move the coordination of distinct advantages, permit adaptability, urge individuals to scan for circumstance and remunerating them for seeking after new open doors with the end goal for it to prosperous. Plus, RBV helps the executives to make a culture where there is legitimate and esteem for new information by empowering the bewilder procedure of recombining existing information with new information (Prahalad, 1998; Shih-Wei, 2005; Montalvo, 2006). RBV can be treat as the best system course in the advancement of a firm technique, on the grounds that RBV break down and clarify assets of the organizations to get a handle on how associations achieve economical upper hand. Furthermore, RBV unify on the idea of barely to mirror characteristics as wellsprings of better and upper hand for the association (Barney, 1986; Hamel and Prahalad, 1996). In a similar way, assets are barely to be moved and obtained, that need a protract expectation to learn and adapt or a significant change in the association atmosphere and culture, henceforth progressively hard to copy by rivals in light of a scope of detaching instruments and liable to be novel to the association (Rumelt, 1984; Mahoney and Pandian, 1992; Peteraf, 1993; Hoopes et al., 2003). In light of Conner (1991), execution variety between associations relies upon its ownership of interesting information sources and abilities. For instance, Honda following RBV system, assembled its organiz ation procedure around the organizations quality, capacity and skill in building petroleum based motors, finally the organization use it interesting asset and abilities to fabricate a world class petroleum based motors and turned into the biggest motor producer on the planet. Firm should have important assets so as to manufacture asset based focal points. For the reason to beat with contenders, numerous RBV specialists attest that associations must endeavor the assets that they have. An associations succeed or flop in the commercial center is rely upon the specific point of view on a back to front perspective on firm from RBV (Dicksen, 1996). As per Barney (1986) significant asset must empower a firm to work and carry on in manners that lead to high deals, low costs, high edges, or in others ways enhance the firm. An organizations capacity to enhance effective is likewise a factor of exceptional ability which is manageable and appropriable. For instance, an inventive items, for example, Apples iTunes and iPod. The companys top of the line development in item plan and common sense is demonstrating not an effectively represent adversaries to duplicate. Mac evade to sit back carelessly, in spite of the fact that the organization keep up at the front situatio n of the advanced media with its iPod and iTunes online stores. In 2007, Apple present of its iPhone and went into the cell phone advertise, this nonstop development and item creation keeps opponents, for example, Sony, Samsung speculating about what items Apple will bring out later on and gives a factor of beat as adversaries battle to substitute their accomplishment. At the end of the day, key assets are additionally worries on non-fiscal factors, for example, information based, human asset the executives exercises on their client support office to bring about an upper hand. . To acquire an upper hands over the others is simple, anyway to accomplish a supportable upper hand is fairly hard. Approach to keep up reasonable upper hands for supported unrivaled execution, firms must be exceptional and center abilities and assets that are important, uncommon, incompletely imitable and non-substitutable (Barney, 1991) just as picture of significant worth making approaches to abuse them. Impalpable assets, for example, scholarly, mechanical assets are more fitting than unmistakable assets which are human, money related assets to create upper hand (Hitt, Bierman, Shimizu and Kochhar, 2001). Especially, impalpable assets like information permit firms to enhance approaching wellsprings of creation (Hitt et al., 2001). It demonstrates firms accomplish upper hand (Prahalad and Hamel, 1990; Collis and Montgomery,1995; Post,1997; Markides,1997; Bogner,Thomas and McGee,1999). Such asset is worked after some time and hard to be imitated and is significant. For example, Tesc o, Sainsburys and Asda all contend in a similar situation, yet Tesco is an unrivaled entertainer. It isn't the condition that recognizes them yet their inner key abilities. It is hard for one association to acquire or duplicate the capacities of another. Like Sainsburys can't promptly acquire the entire Tescos retail locales its administration or its experience. Subsequently, Tesco is accomplishing a reasonable upper hand. Then again, firm should create a couple of significant worth making exercises somewhat that makes more broad incentive than rivals do to accomplish upper hand. Doorman (1985) bring up two conventional system, the first is lower cost procedure, to decrease movement cost by bringing down the expense of the contributions than rivals, while holding normal quality and costs. Besides is separation, to instigate clients eagerness to follow through on a better than expected cost, including estimation of the auxiliary help or the picture of the item. Supervisors who convey ing a general information on their opponents movement sets can apply this data to examine their position comparative with its adversaries (Ghemawat, 2006; Porter, 1985, 1991). Furthermore, Porter (1985) additionally distinguished the worth chain structure to help directors in comprehension, upgrading and executing a lower expenses or separation procedure. The worth chain can be characterized as a general movement model that is utilized to deteriorate the firm into the single exercises it figures out how to shape an incentive for the shopper. Taking everything into account, both action based and RBVs supplement one another and share a goal of finding and misusing factors that lead to higher serious execution Despite the fact that the RBVs standard for a firm is to accomplish and support an upper hand by abusing significant, uncommon, incomparable and non-substitutable assets is natural and hypothetically fulfilling, it is basic to perceive that esteem, uncommon, supremacy and non-substitutable are not totally invariables. Indeed, looking of radical, unstable changes in the earth, esteem, uncommon, incomparability and non-substitutability are significantly after some time. At the end of the day, RBV state have their fall like in the important quality, the requirement for arranging and venture to grow such assets are outer variables, which implies the RBV may exaggerate the benefit of firms by abusing these assets, on the grounds that the expense of procurement and collection had been kept away from. Accordingly, it is hard for the RBV to explain why firms put resources into such an important asset rather than in other sort of assets. In addition, if the associations need to build their be nefit from the assets they have, they need to thoroughly consider the interest side qualities that impact on the last cost of the item. Besides, in the idea of rareness asset, it doesn't basically accomplish the upper hand of the firm, notwithstanding the asset produce an incredible lease because of its relative deficiency. Rents can be characterized as the costs of administrations yielded by assets (Lewin and Phelan, 2002). Notwithstanding the rents are uncommon or not, in this stage lease is just the rental cost of the administration of the asset. There are no any benefit has been win to the firm, in the wake of paying compensation to all the variables of creation (Demsetz, 1973; Barney, 1986a; Rumelt, 1987). Notwithstanding, the firm may gets a handle on some piece of the lease from the holder of assets, if the firm is increasing any benefit left from the asset. Part or staff who have capabilit

Why does knowledge of different generic approaches to strategy matter Essay - 1

For what reason does information on various conventional ways to deal with methodology matter What suggestions does this have for our comprehension of the shrm field - Essay Example e comprehended the key job that the HR can embrace in outfitting firms with upper hand and thusly adding to the enhancements in execution. As Lengnick †Hall et al. (2009) show, SHRM has been exceptionally stressed inside the setting of incorporating vital activities on the Human Resources with the vital stance of firms. This paper centers around two crucial builds; the first is the foundation of the positive connection between information on conventional methodologies and understanding the vital activities and the subsequent one is the connection between nonexclusive ways to deal with procedures and SHRM. Conceptualizing and assessing business and hierarchical methodologies is a typical point of view that researchers and experts embrace in their endeavor to comprehend the serious situation of the organizations just as the powers that communicate in the system dynamic and detailing (†¦..). Whittington (2001) contends that it is basic to have certain information on methodologies as it empowers the better comprehension of the key decisions that associations regularly make. O’ Farrell et al. (2006) further case that information on methodologies really impacts authoritative execution for three reasons; first, understanding techniques infers comprehension of the setting in which planning can occur, second, understanding systems proposes that administration has an away from of the various powers that can affect the vital degree of firms and third, understanding procedures builds the abilities and aptitudes of the executives towards key dynamic. The Generic ways to deal with procedure are seen by Whittington (2001) as four principal ‘movements’ which reflect various ways of thinking in regards to the key plan, usage and execution with respect to firms. The creator recognizes the conventional ways to deal with the accompanying points of view: the traditional, the transformative,

Tips on Getting Along with Flatmate

Tips on Getting Along with Flatmate How to Get on With Your Housemates in Shared Student Accommodation Home›Tips for Students›How to Get on With Your Housemates in Shared Student Accommodation Tips for StudentsThe idea of living with someone you’ve never met sounds scary. The fact that you’ll probably have to do it for years can make the matters even worse.  In order to get along with your housemates at the college, you need to do the following things.5 Tips on Getting Along with FlatmatesGet to know themThe first thing you need to do when you arrive at your new student accommodation is introducing yourself to your housemates. If you ignore them at the beginning preoccupied with unpacking, you’ll create an impression of arrogance, and your housemates will have a bad first impression. Eventually try to learn everyone’s personalities, what they like and what their pet peeves are. This will help to avoid any misunderstandings or potential conflicts because it’s easy to upset someone if you don’t know them well.Respect their spaceLiving in a shared house or apartment often means your private space is very limited. However, if you want to find a quiet place for yourself, remember to give it to others too. Always knock when entering someone’s room, put on headphones when you’re listening to music, don’t take others’ belongings without asking and agree on bringing other people in.TalkIf there is something that you’d like to change, discuss the matter with your housemates. They can’t read your mind so they probably won’t even be aware of the problem that is bothering you. If you talk in a peaceful and respectful way, you’ll avoid escalating conflicts and will be able to nip them in the bud. Communication is also great for getting to know other people and eventually becoming friends.Be flexibleStubbornness is good in some cases, but if you want to get along with other people, you need to learn to sometimes step aside and accept a compromise. Good terms with your flatmates are just like any other type of relationships â€" they require working towards the ultimate result. You might be annoyed by small things your housemate does but you’re not perfect yourself, and there is something that annoys them too. If you set your stubbornness aside, you’ll have a much better relationship with others.Accept the fact that everyone is differentThis advice is similar to the previous one, but the main thing you need to remember is that everyone is a personality and everyone is different. Before you meet your flatmates, you might have some expectations only to be disappointed later. However, it doesn’t mean that they can’t be a great person. The fact that you and your flatmates like different stuff and have different outlooks means that you can have a dynamic relationship in which each person will bring something new. As long as you accept other people, you’ll be surprised with how many things you can learn from them.

Gilgamesh And Death - 821 Words

Death is a very large theme in the The Epic of Gilgamesh. Being that this epic largely represented the Sumerian and Mesopotamians idea I believe the feeling of Gilgamesh himself on death and it s aftermath would be very much the same for most of the society in the time that it was written. Gilgamesh was largely afraid of dying and did everything he could to avoid this inevitable fate. The first major sign we have of Gilgamesh s fear of dying comes when his friend Enkidu dies. At first Gilgamesh cannot even accept his death, he does not even bury the body until maggots start to appear in Enkidu. Eventually, he realizes that he too must face death one day. This fear is clearly indicated when Gilgamesh states I am afraid of death†¦show more content†¦Gilgamesh attained this plant only to have it stolen by a serpent while Gilgamesh rested and bathed in a Welcoming Pool. 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They planned a trip to the forest of cedars to defeat the monster known as Humbaba so that Gilgamesh could show his power to the citizens of Uruk. However, Enkidu tried â€Å"vainly to dissuade† (18)

Performance Enhancing Drugs ( Peds ) Should Not Be...

Image winning at the highest level of competition: the fame, successes, all the characteristics of being a champion, and to have it all seized away because you had used performance enhancing drugs. Performance Enhancing Drugs (PEDs) have been used in sports for many years, and there use is one of the most important issues among professional athletes. These drugs are detrimental to the human body physically and mentally. These athletes also serve as role models, influencing the younger generation by presenting that’s it acceptable to cheat no matter the consequences. So with all to consider and the evidence that is available, performance enhancing drugs (PEDs) should not be legalized. Performance-enhancing drugs (PEDs) are substances used to improve any form of activity performance in humans. A well-known example involves doping in a sport, where physical performance enhancing drugs are used by athletes and bodybuilders. Use of cognitive performance enhancers by students is som etimes referred to as academic doping. PEDs have been used in sports for many years. †The Ancient Olympians used hallucinogens and stimulants as well as herb mixtures in order to improve their fight with fatigue and help with the prevention of injuries† (Listland). â€Å"The use of performance enhancing drugs such as caffeine, cocaine, alcohol, and even strychnine, have been used by athletes for decades. Here is a brief timeline of PED use in competitive sports† (Villanova.University). 1886 –Show MoreRelatedPerformance Enhancing Drugs Should Not Be Legalized1129 Words   |  5 PagesPerformance enhancing drugs should not be legalized ‘Olympic track star Marion Jones was sentenced in a federal court to six months in prison.’ (Kelly and Rao, 2008) The reason why Jones was guilty is because of the use of performance enhancing drugs since 1999. 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Steroids are illegal and are strongly discouraged to be used and may be seen first expressed during high school with the introduction of organized sport teams. The perspective against the legalization of steroids believes in the many benefits of legalization. The perspective for the legalization of steroid expresses the harmful effects of steroids

How Will Our Life Go on Without Internet Free Essays

How will our life go on without internet? It’s hard to imagine that we live in a world without internet which plays an important role in many aspects of our lives. Thus, it’s worth discussing how our life will go on without internet to see what benefits and disadvantages it brings to us. It’s beyond question that our life will be inconvenient if we’re not available to internet. We will write a custom essay sample on How Will Our Life Go on Without Internet or any similar topic only for you Order Now For one thing, we students surf the internet for information frequently in order to write papers, find materials for self-study and so on. In response to the hypothetical situation, we can only go to library for help but the resources there are limited, making us anxious without adequate and prompt information. For another, it’s a waste of time and labor power to put up notices in campus in every aspect. Assume that we should go to somewhere to check messages every day, how troublesome it is for everyone including students and workers in school. Online shopping is so popular for its multiple choices for us. If not, we’ll spend much more time on selecting goods in real shops if we want to make comparisons. Besides, we’ll lack a lot of fun if we can’t download music or movies. It’s no wonder that a great number of boys will complain about disappearing online games. Certainly, our life will carry on in the assumption, but it won’t be as colorful as today by narrowing our range of entertainment. But, there’re still some advantages in terms of no internet. We’ll spend more time with our family or friends instead of being absorbed in online activities. In addition, we don’t need to worry about false information it delivers and turn our focus on reality, avoiding falling in love with someone deceiving for purposes or students being addicted to internet. To conclude, our life tends to be a mess if we don’t have access to internet. As long as enjoying the convenience, we still need to treat it with rationality, trying to minish the negative effects as possible. How to cite How Will Our Life Go on Without Internet, Essay examples

Ti-Jean and His Brothers Essay Example

Ti-Jean and His Brothers Paper Ti-Jean and His Brothersis a very rich play in all the aspects one would expect. There is comedy and tragedy as well as the effects of music, sound and light. In the play we also see how the english language has evolved in such a way as to complement the culture of the caribbean. Ti-Jean and His Brothers is an engaging and enjoyable play. The comical aspects of the play permeate the entire story. The comedy mainly comes into play during the interaction between the Devil and each of the three brothers. When Gros Jean is working for the planter the Devil, as the Planter, deliberately goads Gros jean by calling him by all sorts of names except his own. Soon after the Planter enters he says : Thats right Gros Chien, Gros Jean, Gros Jean, Sorry. The Planter goes from calling Gros Jean, Joe, to Mac, to Gros Chien, to Charley, back to Mac, then to Horace and then francis, Joe again, Henry and ends with Benton then Mervin near the end of the scene. Youre worth more to me, Benton than fifty m en. So you should smoke, after all. And such a pleasant disposition, always smiling. Just Like a skull. But Remember Mervin, Id like you to try and finish this, you see I have a contract and the harder you work the more I . . . . The humour would be more apparent if one was actually visualising the way it would be acted on stage. The Planter would probably say the different names in an absent minded fashion while Gros Jean gets more and more frustrated. Gros Jean would probably feel as if his identity was in jeopardy. Identity is very important to Gros Jean, this is illustrated by the various references he makes to his strength, something he considers integral to his identity. Unlike Gros Jean, Mi Jean is not worried so much about the questioning of his identity as he is about the questioning of his learning. The author, Derek Walcott, uses the pompous, self important attitude Mi Jean has towards his learning to create comedy. Mi Jean is very

The Transformation of Roger Chillingworth essays

The Transformation of Roger Chillingworth essays In the Scarlet Letter, by Nathaniel Hawthorne, a young woman is caught up in sin between two men and bound to wear a letter "A" on her chest. All three of the main characters are sinners. Hester Prynne commits adultry on her husband, Roger Chillingworth, with a minister of the name Arthur Dimmsdale. Roger Chillingworth undergoes a change that transforms him from a respectable gentleman, to a suspicious, determined man, and finally to a man compared to the devil. In the beginning of the novel, Chillingworth is seen as a highly respectable medicine man. At first, the reader almost wants to sympathize with the old man because of his physical appearance and because of the fact that his wife has a baby with another man. But then, one realizes that Chillingworths first sin was marrying Hester because he knew she never really loved him. He admits this to her while they aer speaking in the jail cell. "Mine was the first wrong, when I betrayed they budding youth into a false and unnatural relation with my decay." Chillingworth wants to know who the father of Hesters baby, Pearl, is, but she will not tell. Jealousy and anger begin to eat away at Chillingworth. He is no longer the scholar he used to be, who dedicate his best years "to feed the hungry dream of knowledge." Slowly, Roger Chillingworths character begins to undergo a change. In the middle of the novel, Chillingworth morphs from respectable to a suspicious and vengful man. At first, the Puritans receive Chillingworth well, thinking that he will help Dimmsdale. "...that Heaven had wrought an absolute miracle, by transporting an eminent Doctor of Physic, from a German university, bodily through the air, and setting him down at the door of Mr. Dimmesdale's study!" So, Chillingwoth begins practicing medicine on Dimmsdale and slowly suspects his as Pearls father. Chillingworth repeatedly tries to unravel Dimmesdales secret and get him t...

Budget Line Graph and Indifference Curve Practice

Budget Line Graph and Indifference Curve Practice In microeconomic theory, an indifference curve generally refers to a graph that illustrates different levels of utility, or satisfaction, of a consumer who has been presented with assorted combinations of goods. That is to say that at any point on the graphed curve, the consumer holds no preference for one combination of goods over another. In the following practice problem, however, we will be looking at indifference curve data as it relates to the combination of hours that can be allotted to two workers in a hockey skate factory. The indifference curve created from that data will then plot the points at which the employer presumably should have  no preference for one combination of scheduled hours over another because the same output is met. Lets take a glimpse at what that looks like. Practice Problem Indifference Curve Data The following represents the production of two workers, Sammy and Chris, showing the number of completed hockey skates they can produce over the course of a regular 8-hour day: Hour Worked Sammys Production Chriss Production 1st 90 30 2nd 60 30 3rd 30 30 4th 15 30 5th 15 30 6th 10 30 7th 10 30 8th 10 30 From this indifference curve data, we have created 5 indifference curves, as shown in our indifference curve graph. Each line represents the combination of hours we can assign to each worker in order to get the same number of hockey skates assembled. The values of each line are as follows: Blue - 90 Skates AssembledPink - 150 Skates AssembledYellow - 180 Skates AssembledCyan - 210 Skates AssembledPurple - 240 Skates Assembled This data provides the starting point for data-driven decision making regarding the most satisfactory or efficient schedule of hours for Sammy and Chris based on output. To accomplish this task, we will now add a budget line to the analysis to show how these indifference curves can be used to make the best decision. Introduction to Budget Lines A consumers budget line, like an indifference curve, is a graphical depiction of assorted combinations of two goods that the consumer can afford based upon their current prices and his or her income. In this practice problem, we will be graphing the employers budget for employees salaries against the indifference curves that depict various combinations of scheduled hours for those workers. Practice Problem 1 Budget Line Data For this practice problem, assume that you have been told by the chief financial officer of the hockey skate factory that you have $40 to spend on salaries and with that you are to assemble as many hockey skates as possible. Each of your employees, Sammy and Chris, both make a wage of $10 an hour. You write the following information down: Budget: $40Chriss Wage: $10/hrSammys Wage: $10/hr If we spent all of our money on Chris, we could hire him for 4 hours. If we spent all of our money on Sammy, we could hire him for 4 hours in Chris place. In order to construct our budget curve, we jot down two points on our graph. The first (4,0) is the point at which we hire Chris and give him the total budget of $40. The second point (0,4) is the point at which we hire Sammy and give him the total budget instead. We then connect those two points. Ive drawn my budget line in brown, as seen here on the Indifference Curve vs. Budget Line Graph. Before moving forward, you may want to keep that graph open in a different tab or print it out for future reference, as we will be examining it closer as we move along. Interpreting the Indifference Curves and Budget Line Graph First, we must understand what the budget line is telling us. Any point on our budget line (brown) represents a point at which we will spend our entire budget. The budget line intersects with the point (2,2) along the pink indifference curve indicating that we can hire Chris for 2 hours and Sammy for 2 hours and spend the full $40 budget, if we so choose. But the points that lie both below and above this budget line also have significance. Points Below the Budget Line Any point below the budget line is considered  feasible but inefficient because we can have that many hours worked, but we would not spend our entire budget. For instance, the point (3,0) where we hire Chris for 3 hours and Sammy for 0 is feasible but inefficient because here we would only spend $30 on salaries when our budget is $40. Points Above the Budget Line Any point above the budget line, on the other hand, is considered  infeasible because it would cause us to go over our budget. For instance, the point (0,5) where we hire Sammy for 5 hours is infeasible as it would cost us $50 and we only have $40 to spend. Finding the Optimal Points Our optimal decision will lie on our highest possible indifference curve. Thus, we look at all the indifference curves and see which one gives us the most skates assembled. If we look at our five curves with our budget line, the blue (90), pink (150), yellow (180), and cyan (210)  curves all have portions that are on or below the budget curve meaning that they all have portions that are feasible. The  purple (250) curve, on the other hand, is at no time feasible since it is always strictly above the budget line. Thus, we remove the purple curve from consideration. Out of our four remaining curves, cyan is the highest and is the one that gives us the highest production value, so our scheduling answer must be on that curve. Note that many points on the cyan curve are above the budget line. Thus not any point on the green line is feasible. If we look closely, we see that any points between (1,3) and (2,2) are feasible as they intersect with our brown budget line. Thus according to these points, we have two options: we can hire each worker for 2 hours or we can hire Chris for 1 hour and Sammy for 3 hours. Both scheduling options result in the highest possible number of hockey skates based on our workers production and wages and our total budget. Complicating the Data:  Practice Problem 2 Budget Line Data On page one, we solved our task by determining the optimal number of hours we could hire our two workers, Sammy and Chris, based on their individual production, their wage, and our budget from the company CFO. Now the CFO has some new news for you. Sammy has gotten a raise. His wage is now increased to $20 an hour, but your salary budget has stayed the same at $40. What should you do now? First, you jot down the following information: Budget: $40Chriss Wage: $10/hrSammys New Wage: $20/hr Now, if you give the entire budget to Sammy you can only hire him for 2  hours,  while you can still hire Chris for four hours using the entire budget.  Thus,  you now mark the points (4,0) and (0,2) on your indifference curve graph and draw a line between them. Ive drawn a brown line between them, which you can see on  Indifference Curve vs. Budget Line Graph 2. Once again,  you may want to keep that graph open in a different tab or print it out for reference, as we will be examining it closer as we move along. Interpreting the New Indifference Curves and Budget Line Graph Now the area beneath our budget curve has shrunk. Notice the shape of the triangle has also changed. Its much  flatter,  since the attributes for Chris (X-axis) havent changed any, while Sammys time (Y-axis) has become much more expensive. As we can see. now the purple, cyan, and yellow curves are all above the budget line indicating that they are all unfeasible. Only the blue (90 skates) and pink (150 skates) have portions that are not above the  budget line. The blue curve, however, is completely below our budget line, meaning all the points represented by that line are feasible but inefficient. So we will disregard this indifference curve as well. Our only options left are along the pink indifference curve. In fact, only points on the pink line between (0,2) and (2,1) are feasible, thus we can either hire Chris for 0 hours and Sammy for 2 hours or we can hire Chris for 2 hours and Sammy for 1 hour, or some combination of factions of hours that fall along those two points on the pink indifference curve. Complicating the Data:  Practice Problem 3 Budget Line Data Now for another change to our practice problem. Since Sammy has become relatively more expensive to hire, the CFO has decided to increase your budget from $40 to $50. How does this impact your decision? Lets write down what we know: New Budget: $50Chriss Wage: $10/hrSammys Wage: $20/hr We see that if you give the entire budget to Sammy you can only hire him for 2.5  hours,  while you can hire Chris for five hours using the entire budget if you wish.  Thus,  you can now mark  down  the points (5,0) and (0,2.5) and draw a line between them. What do you see? If drawn correctly, youll note that the new budget line has moved upward. It has also moved parallel to the original budget line, a phenomenon that occurs whenever we increase our budget. A decrease in  budget, on the other hand, would be represented by a parallel shift downward in the  budget line. We see that the yellow (150) indifference curve is our highest feasible curve. To make the must select a point on that curve on the line between (1,2), where we hire Chris for 1 hour and Sammy for 2, and (3,1) where we hire Chris for 3 hours and Sammy for 1. More Economics Practice Problems: 10 Supply Demand Practice ProblemsMarginal Revenue and Marginal Cost Practice ProblemElasticity of Demand Practice Problems

Abstract Expressionism - Art and Surreal Essay Example | Topics and Well Written Essays - 500 words

Abstract Expressionism - Art and Surreal - Essay Example The essay "Abstract Expressionism - Art and Surreal" analyzes artworks of abstract expressionism. Surrealism in art derives its meaning as a manifestation of â€Å"a style of art and literature developed principally in the 20th century, stressing the subconscious or non-rational significance of imagery arrived at by automatism or the exploitation of chance effects, unexpected juxtapositions, etc". The works of Hans Hoffman and Jackson Pollack are examples of works exemplifying abstract expressionism and the application of surrealist ideas in terms of the free flow of improvised expressions of designs, colors and style depicted in their art works. Both artists employed the technique of action painting, defined as â€Å"a highly-charged, impulsive abstract painting technique during which paint is energetically splashed, spilt or dribbled onto a canvas, usually placed face-up on the floor†. Pollack’s One: Number 31 created in 1950 is basically shown in colors black, white and grey on a brown backdrop with obvious but artistic rendition of the drip technique. Hoffman’s Spring is more colorful with more lively hues of red, yellow, green and intermittent blue in conjunction with the white, black and gray drips and splashes. A connection between the two art works could be deduced from the similarities in style and drips forming long elongated lines that curve into an intricate web of patterns interwoven with other colors. Pollack created more splashes as evidenced by tiny blots of black paint just by the edge of the frame.

Self reflection Essay Example | Topics and Well Written Essays - 500 words - 2

Self reflection - Essay Example tion of leadership from a broad perspective that is a skill that can be learnt rather than a personal trait that always remains with a single individual. Although many individuals are born with qualities that allow them to become leaders in their domains, however, it is not something that cannot be learnt. In the past, whenever I used to act as a leader, I used to dominate the group members in order to control them; however, the course helped me in realizing that leadership is not about controlling others but it is more about understanding others and transforming group into teams and teams into learning communities. All this can happen with application of different tools and strategies and that is the reason nowadays, educational institutions are offering courses on leadership that indicates the validity of my earlier reflection related to leadership. While I reflect more, I believe vision and farsightedness is not something that is always God-given but it is something that an individual can learn by using tools of strategic planning and effective management of resources (Cheng, pp. 15-32). Unfortunately, these tools are usually overlooked and ignored by individuals at organizations and institutions, and which do not allow them to transform from managers into leaders. I am a confident person and love to accept challenges; however, I have mostly dealt challenges with emotions and most importantly, kept everything with myself to make it a one-man show. From deep reflection, I have come to an understanding that leadership is not about ‘me’ but more about ‘us’ (Taylor, Machado, & Peterson, pp. 363-386). Leadership focuses on motivating and appreciating members in the team rather than focusing on giving orders. In this regard, I surely will put efforts in ensuring such practices in the future and would surely involve strategic planning in my projects that was missing in the past. I remember an inspiring saying from the group discussions in the class and that

The Oppression of Colonized India Illustrated in Arundhati Roy’s Novel

The post colonial experience has made the goal of harmonious family relationships that much more difficult, due to the families fragmenting throughout the old country and immigration to the land of the colonizer. Children and adult children alike lose perspective on their homeland and the struggles within their homeland. They become awe-struck by the development of the colonizers land, and as a result become confused with where their loyalties should lie. In Arundhati Roy’s novel â€Å"The God of Small Things†, the Kochamma family is a family of tragic situations and tragic people. Not all of their problems stem from colonization; in fact it is their own cultural traditions that lead to much of the tragedy; however it can be argued that the underlying theme within the novel is one of a people oppressed by the colonization of India by England, and how a society already consumed with prejudices based on class (or caste, as the Indian would refer to it) and colour begins t o turn on itself, and devalues its own people, culture and heritage. The Kochamma family lives, works and plays together. They do not however communicate with each other, nor do they comfort each other or attempt to understand one another. This is the greatest downfall of the family. Colonization plays a role in how some members begin to perceive each other and India as a whole; as well it lays the foundation for the sense of worthlessness each member of the family feels at different times. Although the English have left India when this story takes place, their presence can still be felt. â€Å"Englishness† and whiteness is held in high regard, and is something to emulate and work towards. The Indians, who had always had a class system and a disregard for darker skin,... ...n all of these stories, the children look to their families to help them form their identity and find their place in the world; and in most cases are disappointed with the lack of unity and dis-functionality they encounter. This relationship is much like India has with itself and England. Rather than thinking independently and trying to move away from British culture and being a people oppressed by colonization, the Indian people become a victim once again insomuch that they continue to think like the colonized even after they have won independence. The fragmentation of families in the post-colonial experience will only cease when the fragmentation of their country and culture has been ratified, and the shameful mindset of the colonized victim is shed from their minds and they are able to find respect and the future in their own customs, culture and people.

Pro-Life Essay

â€Å"Rescue Those Who Are Unjustly Sentenced to Death† Proverbs 24:11 Abortion is and always has been a major topic for debate in North America, due to the moral and legal issues surrounding it. Despite the Supreme Court making a landmark controversial decision in 1973, deciding that it is a woman’s right to choose abortion after the court case of Norma McCorvey, pro-life activists continue to thrive for new laws banning, or at least tightly restricting induced abortion. Due to that decision, abortion has become a safety net—preventing unwanted pregnancies, controlling whether or not parents have a handicapped child, etc. In Sallie Tisdale’s â€Å"We Do Abortions Here: A Nurse’s Story†, readers get an inside look on the actual procedure itself, giving them an idea of what goes on in the world of medicine. Although this essay may highlight the beneficial factors of abortion—ridding oneself of an unwanted pregnancy, or saving a family due to potential financial constraints—it is all irrelevant due to the undeniable immoral aspects of the procedure. In my opinion, abortion is unethical, and unnecessary. Despite 20% of the female population being unable to have children, this essay draws attention to the vast number of people that do have abortions, choosing rather to free themselves of the ‘burden’ than to pass the miracle along to a couple in need. Not only does this emphasize the selfishness of today’s youth, it demonstrates the unknowledgeable also have no sense of conscious guilt, proving further that society as a whole is focusing on the wrong issues and ignoring the ones that truly matter. Of course, there is the inevitable argument of human life—when does it begin? In Tisdale’s essay, I learned that the employees of an abortion centre forbid the use of the word â€Å"baby†, as they prefer to keep the depressing emotions of the mothers to a minimum. My take on this is, why are we doing this procedure in the first place if we have to manipulate people into thinking it is ethical? By sugar-coating it, the reality of the process gets lost behind false appearances, demonstrating the corruption of youth despite the growing availability of information resources. The pro-choice activists see this procedure as letting mother’s return to full freedom, achieving a life of no guilt since they rid themselves of the child. This approach to abortion is completely immoral, as you can spin it anyway you want—you are still, essentially, taking a human life—and there is no ethical way to defend that. The population of the world that believes in the legalization of abortions are more in favor of equality and women’s rights rather than the developing life that the woman currently possesses. They believe as the fetus is nonviable, which is before twenty weeks of gestation, then the process should be legal. However, upon conception, the fetus is going to be viable and is going to be a functional human being. To interfere with this process is violating the rights that the unborn child has to live. A fetus is incapable of determining whether or not it wants to live, so to not grant that fetus a chance to live is down-right unconstitutional. Although I do believe in a woman’s rights and am quite the feminist myself—their rights to do as they please with their bodies should not parallel the right to do as they please with someone else’s body. In â€Å"We Do Abortion’s Here: A Nurse’s Story† by Sallie Tisdale, the author often reflects on the variety of women that enter the clinic. However, she mentions that there are the â€Å"usual clients†Ã¢â‚¬â€particularly in their teenage years—that so clearly have no parental or financial support behind them. The argument that is made here by pro-choice activists, is that the when the ability to take care of the potential child is at stake—thus providing a lifestyle that is not fit for a baby—it is of greater nobility to clear the child and the mother of such burden. In my opinion, there is only one word for a person with this attitude: selfish. Having a personal relationship with someone who is struggling with the fact that she is incapable of having children of her own, I see the inevitable sorrow that goes along with having an incomplete family despite your greatest efforts. In the essay, it is said that there are over 100 abortions a day in that particular clinic alone. In this world, if all of those people chose to let a family who is capable of providing the child a stable homelife adopt the child, they would not only be saving the child’s life, but saving a family’s life. Infertility is a growing issue in today’s society, and adoption is sometimes the only answer. Families around the world who are struggling with this issue have to pray for a miracle, as sometimes it takes up to 10 years to finally adopt a child. This is all happening, whilst girls and women alike are making it a usual occurrence to use abortion as a safety net for unwanted pregnancies. Does this seem fair? Has the world become so corrupt that we cannot even look past our own wants and aid those with their needs? The way the world needs to view abortions now are to see a surprise pregnancy as a miracle, rather than a burden. If not a miracle to them, then a miracle to a family in need, struggling with infertility. Although there may be extenuating circumstances, I cannot begin to fathom how anybody can justify the glorification of a child’s death as â€Å"a choice†. Everyone deserves the right to grow up, laugh, make mistakes, and live their life fully. No one deserves to have their life brutally ripped from them. Abortion is the greatest act of cowardice, because it preys on those who cannot defend themselves. We have the right to make choices, but what are we choosing? We have an obligation to protect the weak and the innocent. There will never be a day when it is justifiable to take another person’s right to live, simply because we can. As previously stated, this act of exploitation emphasizes the selfishness of today’s society, demonstrating the unfortunate truth that the naive population also lack in conscious guilt. This proves further that humanity as a whole is focusing on the wrong issues and ignoring the ones that truly matter.

The Importance of External Influences in Building a Democracy

The Importance of External Influences in Building a Democracy In Democracy in the Third World, Robert Pinkney analyzed circumstances that have been important in the past for building a democracy for current democratic regimes. Pinkney studies seven comparatives and their theories for the cause and effect of democracy and identifies their pros and cons. The most important of these conditions stands in the external influences and foreign participation in building the state as a democracy of a non-democratic country. In his â€Å"Conditions Conducive to Democracy† chart Pinkney introduces the condition of external influences being one of these conditions that to a democracy. He defines it as when foreign†¦show more content†¦Nigeria’s democracy has struggled and has a grim future due to the high social and religious turmoil. The relations of the inter-elite has no evidence to show that it is conducive to democracy; France in the late 1800s was ruled by the elite and the king and the peasant class was what brought the uprising of the route towards democracy. For these reasons and many more the conditions stated above are not as relevant to the establishment of a democracy as external influences of a democratized country onto a non-democratized country. Before using specific country case studies we must first define what is a democracy. According to Mark Kesselman, Joel Krieger and William A. Joseph a true democracy has all of the following: political accountability, political competition, political freedom and political equality. First, political accountability is the formal procedures of the state that are found legitimate by the people of the state. Next, political competition allows political parties to practice freely and run for office. 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