Monday, September 30, 2019

A cultural analysis of Greece Essay

This paper presents a cultural analysis of Greece and how this translates into the country’s business practices. The importance in such profiling can be seen in the emergence of many cross-cultural studies that aim to come up with an effective theoretical framework that guides international companies to relate to other companies from different countries with different cultures. One of these frameworks was formulated by a series of national studies conducted by Hofstede in which the author identified cultures according to five indices. Basically, Hofstede’s approach presents that culture can be described as a set of characteristics ingrained or â€Å"wired-in† to the brains and the psyche of the members of a particular society thereby affecting behavior. With such understanding according to national cultures, cross-cultural managers can therefore make use of this information that can serve as a basis for cross-cultural and international initiatives of the organization. In application, this paper examines Greece according to Hofstede’s five dimensions and how this translates into the country’s business culture; this paper then compares this with the business culture in the United States. The conclusion then leads to the identification of the different points of compatibility and conflict, and the areas which the Greek and the American business cultures can reconcile for a more successful business communications and relations. Global Business Cultural Analysis: Greece I. Section One Introduction Communication plays an important role in any cross-cultural relations, and in the aspect of business, communication in the international context spans beyond language and includes protocols, perceptions and other elements pertaining to business practices. According to Hendon, Hendon and Herbig (1996), the challenge is that although two or more parties are trying to reach an agreement aiming to serve each other’s interests, cultural factors — whether in terms practice and perception — significantly contribute to the processing of information that would lead to either the success or the failure of the negotiations or the management strategy should international companies decide to operate together. As Hendon, et al. (1996) pointed out, cultural aspects influence managers, thereby affecting their behavior; this also reflects at the organizational level thereby the degree of the embodiment of the national culture of these companies is constantly present. Cross-cultural issues have become crucial given that more and more businesses are taking advantage of the opportunities brought by globalization. One of the issues that emerged from this is that there was an identified potential point of conflict based on the precept that the differences in the values of the different groups may lead to problems, thereby jeopardizing the advantages offered by the global and international markets (Fontaine, 2007). As a result, international organizations have invested in cross-cultural management initiatives in order to create the most effective approach should the company reaches the point of venturing into foreign operations or cross-cultural negotiations. In addition to the organizational dimension in cross-cultural issues are the elements that can further influence the operations of any business. Kanungo (2006) identified that globalization ha also created a significant impact to the consumers’ behavior now that they are aware of the strong global forces; technological innovation; and the environment. These elements do not only represent modifications in terms of the markets and the societies global businesses cater to but also the potential overall shift and cultural perceptions that resonate at various levels, from the individual to the organizational behaviors. Which is why given that globalization has become a phenomenon that represents present-day reality (Steger, 2003), even companies who are not â€Å"internationalized† are still subject to many global forces such as buying or selling their supplies from sources overseas. It is also possible that the company may have to work with a foreign employee or a worker from a different cultural background. In any case, the instances of a â€Å"cultural add-on† has become more and more regular (Berger, 1998, 124). However, it is important to look at the many theoretical foundations on cross-cultural studies, especially as to how national cultures are perceived as an important influence in organizational and management behavior. There is one distinctive studies that can be considered to have created a substantial buzz in the entire context of cross-cultural studies: Geert Hofstede’s four dimensions, which would later add another component. Hofstede’s studies gave way to conclusions that would help in the different approaches towards understanding different cultures, and how these can also create effects at individual, organizational and national levels. Hofstede’s Four Dimensions One of the most commonly used model in cross-cultural studies is Hofstede’s four dimensions; these dimensions emerged from Hofstede’s studies on 40 different countries in which he identified four major prevailing factors in terms of the cultural aspect (Bjerke, 1998): ? Power distance ? Uncertainty avoidance ? Individualism/collectivism ? Masculinity/femininity In order to understand these four dimensions, it is important to look at how Hofstede views culture and how this plays a role in global business applications. Hofstede is renowned for his research on differences among countries in terms of their culture and how these differences are essential. Hofstede operated based on the concept that comparisons among cultures can play a significant role in the making the right decisions based on the acquired information about other cultures; this is deemed helpful when it comes to making negotiations and even designing business strategies should companies decide to enter a foreign market. Hence, Hofstede’s works have been founded on how the differences of these cultures are influential to behavior across may social levels. Hofstede’s dimensions tend to generalize groups, hence, for instance, multicultural nations are taken as a singular culture (Fontaine, 2007). The four dimensions Hofstede formulated are the main indicators that can identify the points of similarities and differences across these many national cultures (Vinken, Soeters & Ester, 2004). His studies on many national cultures have therefore served as a reference point among many cross-cultural managers. Hofstede’s approach is known to adapt a more scientific approach as he argued that cultures can be â€Å"measured† and analyzed (Hofstede, Neuijen, Ohavy & Sanders, 1990); such can be seen not only in his database which analyzed countries according to their measures in power distance, uncertainty avoidance, individualism/collectivism, and masculinity/femininity but also in terms of how these factors can impact many organizational tasks such as business negotiations. Culture is therefore an important indicator of behavior and at the same time, it acts as a binding force that defines a group, a society or a region. The four dimensions Hofstede identified are based on how a culture can be also defined according to relations, attitudes and values; in specific contexts, it can be observed that these four dimensions that pertain to Hofstede’s definition of culture — â€Å"the programming of the mind that differentiates one group of another† (as cited in Fontaine, 2007, 125) — presents a predictable framework of characteristics. A fifth dimension was also introduced by Hofstede by including Confucian framework to his dimension, and he identified this as the long term/short term orientation. The long term/short term orientation, a recent addition to Hofstede/s dimension, was founded on the perceptions of time, and how this can affect the behavior of people. This dimension was based on the Confucian orientation with respect to past, present and future, and for Hofstede, this fifth dimension can reflect a society’s perception of time, especially as to how this affects their perseverance and regard for values, and how societies also wish to command respect and gain stability (Jacob, 2005). This orientation is seen as an important component as this can reflect how some people can act as based on their expectations with respect to time, such as, for instance, whether their actions are motivated by long-term causes or their short-term goals. The power distance aspect refers to a culture’s orientation towards authority. This orientation includes how people understand power and how power works in their communities. With this component, power distance serves as an indicator of equality such as whether some cultures tend to be more democratic or practices a great amount of inequality (Hofstede, 2001). Another index identified by Hofstede (2001) is the uncertainty avoidance. Generally, this refers to how society can tolerate uncertainty. This therefore shows how a culture may be more comfortable in a more structured and rational framework because the tolerance of ambiguity is low whereas some societies may tend to live in the uncertainty, hence, their systems do not adhere to strict rules. Individualism/collectivism pertains to how a culture tend to be more individualist and autonomous or the spirit of the collective fills the members of its society (Hofstede, 2001). In the former, there is a greater sense of independence because the individual is encouraged to think for himself or herself. A collectivist culture, its opposite, tends to have a greater degree of influence according to the social or cultural psyche and norm. Although individuals can be said to initially come from defined groups such as families, the degree of cohesion across social levels differs from one culture to the next. Last but not the least, the masculinity/femininity index measures gender roles in a culture, especially as to how each of these genders are positioned in the society. The values among these two genders are among the fundamental elements in any society because one tends to dominate the other, if not, the attempt to equalize roles can be said to be also present in some cultures (Hofstede, 2001). In addition to the aspect of the relevance of power in these roles, this indicator also describes whether the country is â€Å"masculine† or â€Å"feminine†; the former associates the culture as more assertive and competitive, thereby embodying the male characteristics whereas feminine cultures are viewed as caring and more modest. The strength of Hofstede’s approach is that the study and the gathered data have come up with a set of information that generally describes the national cultures thereby demonstrating a general sense how people in a certain country can be expected to behave. The five dimensions have served as an important framework and Hofstede’s model has served many nation-level researches especially as to how the applicability of his collected data can be regarded to be valid at a certain point (Smith, 2006). However, the model is not without any criticisms as this brings the issue on how many dimensions must be used as a means to measure culture (Smith, 2006). Another study conducted by Blodgett, Bakir and Rose (2008) that the model has limitations especially as to its validity among individuals. From this, it can be gathered that applicability of Hofstede’s framework mainly gives a good reference for a cultural overview of nation, but in more specific terms, there is still some debate as to the design of a more effective cross-cultural analysis model. II. Section Two Greek Culture: an Overview Greece can be easily associated with its glory during the antiquity, with the country immersed in a rich culture of intelligence and might, in addition to the production of several works of art and architecture that can be considered to still have an influence in the modern world. Hence, Greece has always had the impression of classicism, especially with the mark left by Hellenism in the world and Greek history transcending fact and has become an interesting subject for literary works. From political thought to mythology, Greek as a culture remains to be an object of fascination, especially as it has founded an important definition where the Western world begins in this Mediterranean archipelago. Culture can be basically defined through customs and traditions, and in Greece, albeit its development into modernity, has maintained a strong grasp for tradition; this tradition is defined by the roles played by religion and paganism in the country. Greece is dominantly Orthodox Christian although some variations of the faith, as determined by paganistic influences, can be seen to be present and also vary from island to island. This is why Greek culture is generally regarded to have a higher degree of mixed beliefs and that Greeks also tend to be superstitious (Buxton, 1999). Early Greek civilization has demonstrated a significant amount of intellect yet at the same time, the society was also driven by its mythological past. Such combination can be seen to present an attempt to balance myth and reason, and in modern Greece, this can be seen to have developed as modern Greek society remains to take pride in its past through the continuous presence of its customs and traditions, yet at the same time, modern Greek culture has demonstrated significant social changes that have take place in the last century. This is discussed by Mouzelis (1978) who mentioned how societal values remain to be dictated by its core values, and these core values, evidently, play a significant role in the definition of a society’s culture. The economy, in the past centuries, has created a significant impact to the social development of any society, and Greece, as it moved on to the modern times, had adapted to these changes. In the social context, Greece had demonstrated the ability to adjust to these new economic demands, and its society, inevitably, has redefined social classes. Its economy also started to redefine itself especially as to how it would define its role in the modern world. All in all, the modernization of Greece has created a degree of impact to its modern culture, but interestingly, Greek culture has strongly maintained what it has always been. As previously mentioned Greek culture has been distinct in terms of the roles religion plays in the lives of the people; this religion fuses the more organized leanings of the Christian Orthodox Church and the more paganistic or mythical practices that many Greeks still practice today. In addition to customs and traditions, Greek culture has maintained its strong identity across many cultural facets, from its art, music, food and wine. The Greek people has demonstrated a strong sense of resilience considering the number of wars they had to endure in the modern times. These wars include its conflict with the Ottomans in which the country fell under rule for a long time, the Balkan Wars, the First World War, and the Greco-Turkish wars. The country also fell under military dictatorship from 1967-1974. With their wounded past, the Greek people had redeveloped a strong national character that had adapted to the realities they faced, especially as Greece’s glory would seem to be stuck more in the past and the modernity seems to have favored more the Western nations (Chilton, Dubin, Edwards, Garvey, Fisher, & Ellingham, 2008). Interestingly, as Greece would struggle to find its place in the modern world, the Greek society and the people had gone through periods of diaspora in order to escape the conflicts at home. Those who were left behind would be stuck in the chaos of the country in which the economy would find a hard time adjusting to the greater powers coming from the western world, more specifically Europe. The Greek people experienced lack of opportunities in addition to poverty, especially as the country would prove to lack in enough economic resourcefulness until recently. Greece, for a significantly portion of the 20th century, was under-developed, but it was not until in the 1980s that the country would start to catch up and become more integrated with the rest of Europe (Chilton, et al. , 2008) There are some interesting factors in Greek culture that can be regarded to have influenced attitudes of its people. One of these concepts is filotimo. Although hard to translate, filotimo generally refers to the Greeks’ love for deep honor that they should possess; this goes well with anther important Greek characteristic of integrity which is about behaving as an upright individual. Although a sense of deep honor, as a translation, does not provide enough interpretation of the concept, filotimo can be considered to refer to a character that is highly desirable, but basically, it can be associated with a sense of self who is intrinsically good (Makedon, 1995). In addition to the concept of filotimo, modern Greece had emerged with additional cultural concepts in terms of character, and these are leventia and palikaria. Leventia refers to a sense of â€Å"manly excellence† thereby emphasizing the importance of having certain male characteristics. Leventia is paired with palikaria which also refers to the same meaning. As pair, possessing or being leventia and/or palikaria is about the ability to survive through hard times, especially if the individual or the family has been subject to a critical amount of duress. Having leventia and palikaria can gain an individual substantial admiration from those around him because of the display of a strong sense of self as seen in courage or proactiveness that addresses the source of any problem (Makedon, 1995). Last but not the least, albeit its painful periods of oppression, the Greek people have a great amount of love towards freedom. The love for liberty has always been a Greek characteristic, as seen from the ancient Greek civilization to the modern Greek society. Many themes in the Greek arts have portrayed the importance of freedom, and evidently, as the cradle of democracy, Greek culture had long wanted to fight oppression and aimed for a more liberal and democratic society in which they get to possess a certain amount of freedom despite the restrictions posed upon them (Makedon, 1995). Generally, these characteristics show how modern Greece have managed an important element of its identity, and that is its Orthodox church; however, despite the practice of orthodoxy, this aspect of â€Å"freedom† is practiced in such a way that the Greek people remains to have an open mind towards its paganistic past. In a way, the Greek culture can be regarded to have managed to lessen the conflict between mythos and logos, and today, the Greek people has been finding ways to make room for the modern and how it fits to its long standing tradition. Greek Business Culture Studies on the Greek business culture has had references to Hofstede’s cultural framework. In terms of the scores of Greece according to Hofstede’s four dimensions, Greece has the following measures in these four indices (Hofstede, 2001): ? Power distance index: 63 ? Individualism: 35 ? Masculinity: 57 ? Uncertainty avoidance index: 112 In terms of Greece’s score in the power distance index, this score shows how its people, according to Hofstede’s framework, demonstrates the emergence of the social classes in Greek society. This is to say that people are aware of the powers that are present in the society and they know their place with respect to that power. The score of the country in this index can be considered to be average, hence, demonstrating that although people do recognize the presence of inequalities in its society, they see the presence of means to get over certain barriers. The median score for this index is 55, and with Greece at 63, the amount of inequality is above average yet not as drastic as compared to other countries. Basically, this shows how hierarchy plays in the society which can be considered as a paradox considering the Greeks’ love for liberty and democracy. In a sense, such score shows how the Greeks have embraced reality and that certain powers have created a strong influence in the country. The next score shows that the country has lower measures of individualism thereby showing that Greece is a highly collective society. This shows how Greeks have a strong regard for family and community, and how individuals are strongly influenced by their environment. Kessapidou and Varsakelis (2002) mentioned that when Greeks enter an organization, there is already the expectation that the Greek employee expects to work for this company for the rest of his or her life, and at the same time, in exchange for this loyalty, they expect that the firm will also look after their family. The next indicator is masculinity, and Greece scored slightly above the global average of 50 (Hofstede, 2001). This is an interesting score as generally, the Greek society has demonstrated the strong male influence in terms of their position in the family and the society. The roles between males and females have been regarded to be also more distinctive, in which case the women know their positions and the limits of their power and influence. The uncertainty avoidance index shows the highest score for Greece, and based on this, there are many rules that prevail in the Greek society. Again, this is an interesting score because this contradicts the Greeks’ love for freedom, but then again, such rules and restrictions may have brought the Greek people to be hungry for more liberty in its societies. The many bounds in Greek society can be seen in its history where the country went through oppression through foreign occupancy and dictatorship. Overall, as employees, Kessapidou and Varsakelis (2002) discussed the characteristics of Greek employees, as follows (273): â€Å"For Greek people, the working culture is based on sense of honour, dignity, loyalty, and sense of duty reflected in the Greek word ‘filotimo’†¦ which is similar to the concept of ‘face’ as reported for China†¦ in these societies, ‘filotimo’ or ‘face’ becomes an asset for organizations. In cases, however, where expectations are not met, the personnel can be alienated†. From the results of Hofstede’s study, Greece can be summarized as â€Å"high power distance, strong uncertainty avoidance, collectivistic and masculine† (Joiner, 2001, 232). This profile, as translated into Greece’s business culture, strongly demonstrates its association with societal values. According to Hofstede (2001), among the four indicators in his cultural model, the most relevant in the aspect of organizational design can be attributed to power distance and uncertainty avoidance which is why these factors are important in assessing the relationship of national cultures and the organization. In the organizational context, the Greek business culture shows a strong sense of hierarchy and the partenalistic relations that exist in Greek companies; this is evident in the high score in the power distance. In further putting this with respect to Hofstede’s description of this dimension, the Greek society as well in Greek organizations, there is the accepted presence of inequalities in terms of the distributio of power. The acceptance in human inequality, interestingly, may not fair well with the Greek fundamentals on democracy but apparently, such cultural characteristic is more of an indicator of a strong sense of respect towards authority (Joiner, 2001). Leadership is therefore emphasized in Greek organizations, and in business, there is much dependence on the company’s leaders when it comes to making decisions. Such cultural factor can then be attributed to the historical development in Greece which, accoding to Psychogios and Szamosi (2007), lived in a society with the centralized Greek political system that highlights the â€Å"powerful state and the large public sector† (8). In terms of the reflection of Greece’s high uncertainty avoidance index, many studies have actually revealed that groups with hih uncertainty avoidance index demonstrate a fear of making decisios, hence, the presence of many rules that can be easily referred to. In Greece, according to studies by Bartholomew (1995), Bourantas, et al. (199), among others (as cited in Joiner, 2001), fear of decision-making has been found among Greek managers and subordinates, hence, much of these activities are left to the upper management. There is indeed the influence of culture in terms of the business’ own practices. Although this may not be true in all cases, the general perception towards Greek businesses reflect how the business culture have its foundations according to its societal values, these values are which influenced by the country’s culture. III. Section Three In Comparison with the US Business Culture Based on Hofstede’s cultural model, Greece scored high in power distance index, masculinity and uncertainty avoidance index, whereas it scored low in individualism. These scores translate to the Greek business culture of centralization, concentrated power, more distinct gender roles, and high reliance on the organizations to take care of the employees’ family. Greek employees are also found to possess the characteristics of loyalty, integrity and dignity, as guided by the concept of filotimo. In comparing this to the American culture, the contrasts can be immediately seen the differences in the scores Hofstede gave the United States (Hofstede, 2001). The US scored high in individualism, low in power distance index, uncertainty avoidance index, and long term orientation, whereas in terms of masculinity, the US scored above average. The similarities can be therefore seen in the masculinity aspect in which both shows that gender roles remain to be differentiated in the American business culture. However, the similarities end there. Based on the scores, the American culture can be described as highly individualistic, with a greater sense of equality and fewer rules thereby showing greater tolerance in new ideas and beliefs. Basically, the American business culture does embody these characteristics. As the country embraced capitalism and industrialization earlier than Greece, the country’s business culture tends to have a more progressive and liberal approach. There is a strong presence of market economy forces in the United States, and employees are also driven by the economic opportunitis presented to them. One of the important aspects in the American business culture is the presence of competition, and competition is present not only among businesses but among individuals as well (McCraw, 2000). Hence, unlike in Greece where a bulk of the important responsibilities are left to upper management, American organizations and their employees grab these opportunities to hold more responsibilities because it means more opportunities for them to gain better positions. Competitive is therefore a characteristic of the American business culture, and this makes sense according to the results of the scores of the United States according to Hofstede’s model. Although these scores and comparisons between national and business cultures can be regarded to be applicable, it should be noted that the degree of relevance may not be true in all cases. In addition to the challenges as to the validity of Hofstede’s model (Blodgett, et al. , 2008), there is also the case of change that can possibly take place at social and business levels. As discussed in the first section, the applicability is limited as to the relevance of national cultures to business cultures although the fundamentals of a national culture tends to become apparent generally. For instance, the Greek concept of filotimo can be considered to be true even at business levels, and at the same time, the collective spirit can be seen in how many Greek corporations are family-owned. Such is true in the case of the United States in terms of the masculunity scores. Although in some instances gender roles remain defined in the US, in the business world, more and more women have started to hold significant positions across many organizations. Therefore, the relevance of national culture perceptions are only true up to a certain extent but information such as those gathered by Hofstede’s studies serve as useful references to the basics of the social and business dynamics in a country. IV. Section Four Opening an American Business in Greece Based on the scores in Hofstede’s cultural framework, the USA’s national culture distance from Greece is at 3. 47 according to 42 surveyed American firms in the country (Kessapidou & Varsakelis, 2002). With this number, it can be assumed that there will be greater difficulty in the successful establishment of the American company in Greece; however, this may not be the case, and the same is true even if the company has a Greek affiliate. According to Kessapidou and Varsakalis (2002), the strength lies in the Greek’s characteristic to be collective, hence, they tend to comply with the requirements of the company. In addition, the concept of filotimo can drive Greek employees to perform better, thereby filotimo, in a sense, serves as a source of competitiveness, which is compatible with the American busines culture. However, there may be some problems in terms of the management aspect between the American and the Greek managers, or the Greek managers needing to comply with the demands of American management practices. Although there are highly centralized American companies, the delegation of power and responsibility is one of an American’ company’s assets, hence, should decisions need to be made, even some subordinates may step in and show a sense of leadership. This may intimidate Greek managers and employees, especially if the firm would have American employees working in the Greek operations. In addition, the Greek employees may think that the Americans are too aggressive and ambitious in the workplace, thereby possibly creating a rift among the employees. Hence, the recommendation is that prior to the establishment of the American operation in Greece, both sides need to be educated about the cultures they are about to encounter. Since that Greece is going to host the company, the American company needs to comply more with the Greek culture, but since it is the American company that is going to establish the business, the Greek employees and managers also need to

Sunday, September 29, 2019

Utah Symphony and Utah Opera: a Merger Proposal

Utah Symphony and Utah Opera: A Merger Proposal The Utah Symphony (USO) and the Utah Opera (UOC) Merger was a union that was brought forth by the leadership committee at the USO in Salt Lake City. The proposal was an opportunity to strengthen a struggling symphony with a financially sound opera company. Although mergers between opera and symphony companies in the United States had been successfully in the past, the merging of a two major companies had yet to materialize (Delong & Ager, 2005, p. 2). William Bailey, Chairman of the Board for the Utah Opera Company had motivation to move forward with the merger.Successfully combining the two companies the size of Utah’s Opera and Symphony Orchestra would be a first in the nation, and set precedence for others to follow. If the merger were successful, the proposed name of the new organization would be the Utah Symphony & Opera (USUO), and with its potential draw, it had the power to elevate the Opera to the national stage making i t a tier-one organization, affiliating it with other such powerhouses to the likes of the Los Angeles Philharmonic. In comparison to other major operas, its viability to increase the current combined annual endowment 10 fold was a likely probability.The merger did not come without opposition. Carolyn Abravenal, widow to the longstanding maestro and music director to the USO publicly denounced the new company. Scott Parker, Chairman to the Utah Symphony is best suited to discuss the merger with Mrs. Abravenal to gain her support so that the symphony could achieve the true potential her husband had envisioned. Her husband had given 32 years of his life to the USO building it from a part-time ensemble to a world-class symphony (Delong & Ager, 2005, p. 4). Mrs.Abravenal’s main concern was that the symphony would take a back seat to the opera, conversely, it would lead in name with the new company, the Utah Symphony | Utah Opera. Parker might consider sharing with Mrs. Abravenal t hat the merger was actually his idea and that Anne Ewers was also his choice to take the company into the future. Through Ewers’ leadership, musicians could add variety to their repertoire, giving them access to a broader spectrum of performances. Performing with the Opera would allow for additional productions each year creating rotations for instrumentalists wanting to crossover and perform in oth genres. Combining the two styles could create a pop style opera that could potentially reach the younger demographic, once again increasing revenue. Although Ewers’ experience was primarily in opera, it is her positional power and knack for building fiscally sound companies that made her the easy choice to lead both companies. While the symphony struggled at fundraising, Ewers’ UOC annual budget grew 3X from her predecessor, mainly due to her corporate sponsorships that reached beyond the state of Utah (Delong & Ager, 2005, p. 3).One of Ewers’ first challenges was to get Keith Lockhart, Music Director for the USO onboard with her plan on how to merge the two entities. Lockhart’s concern was the proposed organizational chart that showed him reporting directly to Ewers rather than the Chairman as he had with the USO (Delong & Ager, 2005, p. 14). Ewers personal strengths allowed her to share her vision with Lockhart, however she was dependant on Lockhart’s leadership among the orchestra to help facilitate a smoother transition. The success of the USUO moving forward could only happen with the collaboration of the musicians.It was they who held strength in numbers, and without them the entire merger could collapse. If Lockhart failed to follow along with the proposed plan, Ewers faced an even greater obstacle, dissention amongst the majority of the company. Lockhart expressed concern that had the orchestra not believed in his leadership; they had the ability to render him ineffective as a conductor (Delong & Ager, 2005, p. 9). This exposed a window of opportunity for Ewers to sidestep Lockhart should she feel his efforts were counterproductive.Ewer could meet with the musicians without the presence of Lockhart and share with them that the symphony would not be taking a backseat to the opera, and it was the symphony they depended on for performances due to their year round schedule. The new direction could potentially allow for expansion of the symphony if they were to become the sole orchestra for the opera. This could allow for either growth in headcount, or increased pay from the additional productions. If they were successful in becoming a Group I orchestra, this would give them national exposure and perhaps advancement onto grander stages.This approach for power and affiliation might be the key to motivate. The final obstacle Ewers faced was overcoming the concerns of the opera trustees, full-time staff, along with the artists. What Ewers had in her favor was that the each entity in its own was net po sitive in their income statements for 2000-2001, and both were forecasting the same in 2001-2002 (Delong & Ager, 2005, p. 15). The symphony was operating without a CEO, which made it easy for the opera leadership to take step in and take charge.This would ensure a seat at the helm, and someone that could operate with the opera’s interest in mind. With the positional strengths of Ewer, she could exercise her marketing strategies for the symphony and tap her existing base to increase their annual contributions. If Ewers was successful in pulling all the departments together to support the merger, she will have demonstrated her strengths to overcome obstacles no other symphony and opera had been able to do in the history of our country. It was an opportunity to create precedence and pioneer a process for others to follow.Ewers would eventually complete this venture and lead the USUO for the next five years until her departure to the Kimmel Center for Performing Arts where she be came the President and CEO of Kimmel Center, Inc (Kimmel Center, Inc. 2010). References Delong, T. J & Ager, D. L (2005, August 8). Utah Symphony and Utah Opera: A Merger Proposal. Harvard Business Journal, 9-404-116, 1-16. Kreitner, R. & Kinicki, A. (2010). Organizational Behavior, 9th Edition. New York: McGraw-Hill Higher Education Kimmel Center, Inc. (2010). Anne Ewers. Retrieved from http://www. kimmelcenter. org/about/anne. php

Saturday, September 28, 2019

Evaluate a given assessment instrument for bias Essay

Evaluate a given assessment instrument for bias - Essay Example Mr. Alvarez is described as a "salesman" and so makes the role gender specific. This is a form of stereotyping. The equality of treatment of all members of society requires that occupations in which both genders are feasibly able to carry out the role, that the job description be gender inclusive. This is critical to the practice of fairness, and in being able to interact with others with impartiality to their religious affiliation, physical appearance or abilities, gender, age, ethnic group or sexual orientation. It is suggested that the introductory sentence be changed to: Mr. Alvarez works as a sales assistant at a furniture store. This would align with Guideline 4 of the ETS standards, for the use of appropriate terminology when referring to others. 2. Students in the Physics & Astronomy Club are buying telescopes to watch the upcoming lunar eclipse. They found comparable telescopes, at the following prices, each either on sale or with a special pricing offer: Firstly, there is no reason given for the four students being chosen from the club, as there are six members who went shopping. Secondly, there is only one female in the group, and this is a science class club, which reinforces the stereotype that women and girls do not like science. I would make Louis (a) and Bernie girls. Thirdly, t Thirdly, there is complex vocabulary in that not everyone is familiar with a lunar eclipse. This is a rare phenomenon that occurs in the evening, when most are asleep, and so can be considered an unfamiliar or specialized term. Rather, replace with: star gazing. 3. A teacher needs help carrying a class set of textbooks to the department office. The teacher asks five students to carry the 35 books. If each student carried the same number of books, how many books did each student carry A. 5 B. 6 C. 7 D. 8 Item Status: No Bias Comments and revision(s) (if necessary): The teacher's gender is not mentioned, neither that of the students, and is not necessary in order to ask the question. No complicated syntax or vocabulary is used either. Neither is the item religiously, ethnically, or physically specific (e.g., feasibly, one of the student's could have been in a wheelchair). 4. The Johnsons are considering hiring an au pair for their child. One very good applicant requests a stipend of $800 per month and health insurance, which will cost

Friday, September 27, 2019

Potential impact of biotechnology on modern society Essay

Potential impact of biotechnology on modern society - Essay Example yeast cells have been genetically manipulated to produce vaccine against hepatitis B virus. myeloma cells and b-cells of immunized mice were hybridized to produce hybrid cells that consisted the characteristics of both the cells which were cell division and antibody production. following are the areas where biotechnology has done best.The maximum benefits to biotechnology have been utilized by health care. Biotechnology derived proteins and polypeptides from the new class of potential drugs. for ex insulin was primarily extracted from slaughter animals. since 1982 human insulin have been produced by micro organism in fermenters.some of the important products that have been produced are interferon for cancer and viral infection, human urokinase for plasminogen activator used in vascular disorder, insulin for treatment of diabetes, human factor for clotting for hemophilia, lymph lines for auto immune functioning, serum albumin in surgery, attenuated pseudo rabies virus antigen for vacc ine against rabies, tissue plasminogen activator in treatment of heart attack. Currently there are about 35 biotechnology derived therapeutics and vaccines approved by the USFDA alone for medical use, and more than 500 drugs and vaccines to reach in market . Agriculture:-biotechnology is making new ground in the food agriculture area. current public debate about BSTC, bovine somatotropin (a hormone administered to cows to increase the milk production).is an example of biotechnology product testing public acceptance. Food biotechnology valuable and viable alternatives to food problems, and a solution to nutritionally influenced disease such as diabetes, hypertension , cancer, heart diseases, arthritis etc.a transgenic golden rice have been produced by introducing three genes for the production of vitamin A in Taipei rice. A transgenic cotton named 'Inguard' was released in Australia which contain bt genes which provided resistance against insects. molecular farming is a new concept were therapeutic drugs are produced in farm animals for example therapeutics proteins secreted in goat milk. there are about dozen of countries that produce lactoferrin., tPA, hemoglobin, melanin, and interleukins in cows, goat and pigs. however it is not surprising that vegetables producing vaccines insulin interferon's and growth hormones would be available in market in 21st century, beside, human clones and several other miracles. Human genome project (HGP):- The major landmark in human history is the human genome sequence. the HGP is an international research development. almost the whole human genome has been sequenced and chromosome map has been developed in various labs World wide. objectives of human genome project are to :-construct the detail genetic and physical map of human genome, 1. determine the complete nucleotide sequence of human DNA, 2. store information in database, 3. locate the estimated 50,000-100,000 genes within the human genome 4. address the ethical, social, legal issues (ELSI )that may arise from the project, 5.perform similar analysis on the genomes of several other organisms. Environment:-the natural biodegrability of pollutants present in environment has increased with the use of biotechnology. the bioremediation

Thursday, September 26, 2019

Big data Thesis Proposal Example | Topics and Well Written Essays - 1000 words

Big data - Thesis Proposal Example The appropriate selection of research approach forms the basis for reliable study. In this proposed research study, a systematic approach will be followed for accomplishing the desired aims as well as objectives successfully. In this regard, a qualitative research approach will be used, as it is a procedure of ascertaining values, perceptions as well as attitudes of individuals in an enhanced manner. A qualitative approach will assist in having an immense understanding about the trends that exists in the electronic markets. The collected data will be analysed through qualitative approach, for ascertaining findings reflecting the important information about competitions and prices and other market trends in the electronic markets. Additionally, in this proposed research study an inductive approach will be used with the intention of obtaining about electronic markets on a broader perspective. Subsequently, inductive approach will also assist in understanding different factors responsib le for market trends and current market conditions of electronic markets. Moreover, the analysis of data will also aid in measuring the extent as well as trends of customer satisfaction and sentiments of customers in relation to products and/or services (University of Bradford, 2012, Hancock, 2002). In this proposed research study, a specific research design or process will be followed in order to control its effective completion within a desired timeframe. The proposed study comprises a series of activities, which will be necessary for conducting the entire study in an effective and appropriate manner (Kumar, 2010). The research design consisted of seven phases which have been described below: Data collection is an essential part of a particular research procedure or study. Accurate data should be collected with the intention of obtaining reliable findings. There are two types of data collection technique which include primary and secondary data. In this proposed research

Wednesday, September 25, 2019

Conflict Analysis Paper Essay Example | Topics and Well Written Essays - 1500 words

Conflict Analysis Paper - Essay Example When I go home after a hard day, I have to pick up unending coffee cups, ash trays, cushions, close open windows, secure locks and switch off lights, before washing the used dishes, as I need them for cooking and eating. Actually they are my own and he does not have many earthy possessions. He would rather spend money on male perfume, pointed shoes and manicure. Our conflict cannot come under philosophical, demonic, classical theories. It is definitely not ecological. It comes under the Functional theory and perhaps this kind of conflict is needed for the social functioning. Also it comes under Anomie theory, because both of us are confused about how to treat the other. "This meant that rules on how people ought to behave with each other were breaking down and thus people did not know what to expect from one another. Anomie, simply defined, is a state where norms (expectations on behaviors) are confused, unclear or not present. It is normlessness, Durkheim felt, that led to deviant behaviour" http://www.criminology.fsu.edu/crimtheory/week8.htm Triggering events that brought conflict into mutual awareness were his smoking inside flat, not cleaning, leaving used dishes all over, being unreasonable about buying things for flat, and arguing on every possible matter. According to him, they are my obsession with cleaning, tidiness, my overbearing desire to have my own way, shrill reaction to smoking and dominating behavior. Historical context on this ongoing relationship, could be from my point of view Communism produces only selfishness and cunning behavior. According to him, Asian people are overbearing, fastidious, without any scope for easy, laid back relationship. External events could be his late hours of work, his unhappiness over not getting a musician's job paying $300 per day, his failure in finding permanent, caring (read money spending) provider in the form of a girl friend and external environment that makes him hesitate to mingle, and thus, more aggressive. He believes that my external events are study pressures, my inability of generating a steady income, my being short of money perennially, and nervousness in completing my degree. I am sure I do not have any prior assumption about conflict, though, could have been a bit biased about erstwhile communism, and the way of expressing the particular bias, whereas Olek definitely has an annoying way of putting things across about colonialism, middle European male supremacy, and Eastern ignorance and poverty. I express the struggle by being grumpy, silent, unresponsive, cleaning the place with obvious unhappiness and by being unfriendly. Olek shows it with supreme indifference while continuing same attitude that is bound to raise my hackles. Perceived incompatible goals mainly are smoking, uncleanliness, loud music, unending heating of the flat, disturbance, using things without asking, and leaving them to clean themselves and find their own way to their proper places etc. Perceived scarce resources are gallantry, carelessness, sensitivity, co-operation, fellow-feeling and genuine friendship. We, being flat mates, are interdependent on mutual harmony and peace in the flat, paying of bills, maintaining a level of mutual respect and concern for one another.

Tuesday, September 24, 2019

Human Needs in Organizational Settings Essay Example | Topics and Well Written Essays - 1500 words

Human Needs in Organizational Settings - Essay Example Personal qualities which are encouraged are punctuality, good individual organization, motivation, ability to deal ethically with people and leadership qualities. Any career success incorporates three variables - knowledge of the career desired, the ability to devise a plan and the motivation and devotion to put the plan into action. On the way along the career ladder, one needs to be confident, possess independent thinking and ability to solve problems and make decision-making. We expect the applicants to introduce themselves via competently produced CVs and exhibit their abilities in practical tasks offered by the Selection Board. We are going to assess an individual based on information about one’s abilities and skills, achievements and personality variables. We are also interested in person’s preferences and interests, values and attitudes. To obtain the picture of one’s professional competence we offer tests to see literacy or math level. A specific written or practical exam is also possible. At this pre-selection stage, a selection advisor will determine if an applicant can qualify to continue further selection procedure. At the next stage, we deem important to test applicants’ communication skills and personality. That’s why on the second stage of the assessment procedure prospective applicants are offered to have an interview. Since the company is interested in organizing people into a strong team, peer interviews can be the most suitable tool to use for the creation of this team.

Monday, September 23, 2019

Strategic Management Essay Example | Topics and Well Written Essays - 5000 words

Strategic Management - Essay Example Good leadership enhances the performance of the organization and vice versa. Thus in addition to developing their business plans effectively, the organizations are placing great emphasis on the leadership models that they adopt. Customer needs are currently very dynamic in nature. To address these in an effective manner, organizational leaders are equipping themselves with the relevant knowledge and skills. A host of critical information is sourced from market researches that are undertaken on a wide range. Based on these, the respective leaders are able to make informed decisions regarding the specific needs of the clients and how these can be met with ease. At this point, it cannot be disputed that customization of products is at the core of effective performance in the highly competitive market. Of great importance however is the role of strategic management. Seemingly, a significant percentage of the leaders are relying on organizational strategic plans to meet their goals. Usual ly, these are reflective of the short term as well as long term objectives of a given organization. Besides being based on market current market researches, organizational strategic plans are also greatly informed by the existing theoretical and conceptual models. Considering the fact that these are objective, they usually offer useful insights with respect to how an organization’s management strategy can help it in attaining and maintaining optimal performance. Ideally, organizational strategic plans need to be comprehensive and consistent with the mission and vision of the organization. They provide step wise processes that the organization employs in meeting its goals and objectives. It is against this background that this paper provides a critical evaluation of the Design school strategic management model. To enhance a harmonic consideration, it begins by underscoring the importance of strategic management models. It then proceeds to describing this particular model and t hen offers a detailed critique of its role in strategic management. General Discussion: The Role of Models in Strategic Management As indicated earlier, the corporate environment has changed dramatically the recent past. Not only has it increased in terms of complexity, but it has also increasingly become dynamic. This according to Chan and Renee (2005, p. 54) is attributable to a host of factors including globalization and the characteristic free movement of goods and information. This has in return compelled organizations to adopt approaches that can enable them to not only survive but to also thrive in the highly competitive environment. One of the approaches that most organizations have undertaken is to align their strategies to the objective provisions of the strategic management theories and models. Strategic management models have been tested over time and proven to be effective in guiding organizational performance. When applied accordingly, they can enable an organization t o face the modern challenges and address them with ease. Fundamentally, they contribute significantly to improved organizational performance. In his research, Alvesson (1996, p. 146) indicates that just like theories, models are abstract and do not contain content specific data or information. For this reason, they can be applied in different situations to resolve emergent organizational problems. Although they are not

Sunday, September 22, 2019

Malignant melanoma or chicken pox or shingles or goiter disease. PICK Research Paper

Malignant melanoma or chicken pox or shingles or goiter disease. PICK JUST ONE OF THE 4 - Research Paper Example son is not strong enough to cope with the virus, it is more likely that the person will suffer from the painful rushes that result from the disease infecting the sensory nerves. At this point the virus gets the protection from the human body humanity system thus they drop into the nerves forming a painful rush in the skin. The characteristics disease (shingles) is commonly found in the human adults. Chicken pox is caused a VZV virus (Varicella-Zoster virus) (Kaneshiro 1). Young kids can be protected from Varicela by the use of varicella vaccine. Vaccination is done when the kid is about one year old. Also at the age of four to six year, a booster shot is recommended to increase the chances of avoiding the future infection. For the people who are over 13 years, two doses of the vaccine is recommended, one coming after the other at an interval of 28 days. The disease infection happens once in a lifetime however the virus can stay in the body for long and cause shingles in when a person is at the old age. The infection of the disease starts simply just like that of a flu infection. The patient might have some running nose, coughing and sneezing. After the second day of the infection, the patient’s skin grows rashes. The rushes usually appears in the face and in the chest first and then spread on the other parts of the body. The spread of the rushes sometimes reaches the ears and the mouths. The pox in the human body differs from one person to another. Some people are affected just very few while others gets the pox allover the body. When the rash begins to appear in the body of the patient, they are usually pink in color but changes immediately to blisters (Marshall Cavendish Corporation 185). In the rashes, fluids forms but crust after a period of between one to two days. For the first seven days of chicken pox infections, new blisters forms after each of the first ones crust. The blisters takes a period of up to 14 days to be scrubbed completely and become

Saturday, September 21, 2019

Going Green To Save The Environment Essay Example for Free

Going Green To Save The Environment Essay The purpose of this essay is to enumerate and discuss several ways to save the environment through the principle of green living. Conservation is really an umbrella principle for all of green living. It really means using only what truly needs to be used in order to save something for coming generations (Green Living Ideas, 2007). Conserving energy by way of recycling is a crucial environmental benefit. As the natural energy sources become scarcer it is important to learn how to save energy. Making smaller, more fuel efficient cars can help conserve energy. Riding a bike instead of a car is much better since a bicycle doesn’t use gas. Making new houses that are well insulated also helps to save energy. According to Seventh Generation (2007), â€Å"Municipal Solid Waste (MSW), more commonly known as trash or garbage, consists of everyday items such as product packaging, grass clippings, furniture, clothing, bottles, food scraps, newspapers, appliances, paint, and batteries. This is commonly generated from peoples’ homes, but it also comes from commercial, institutional, and industrial sources. † One man’s trash is another man’s treasure is among the many adages being revived with fresh significance and recycling supports this idea. It has been in the American vocabulary for years now and in many households it is a way of life. Very simply, it finds new uses for old materials, mainly trash. According to the Environmental Protection Agency, recycling, including composting, diverted 72 million tons of material away from landfills and incinerators. Not only does this spare the environment, the EPA said a study found that recycling can create jobs as well. The consumer-oriented economical and environmental merits of reuse were easily recognized by our grandparents. And even today having a jar of salvaged nails, bolts, and screws can save several trips to the hardware store. Recycling paper products saves our trees and water resources as well! Making a ton of paper from materials that were recycled protects 17 trees from harm and consumes 50% less water, or 7,000 gallons (Quest4glory, 2004). But, while the philosophy of reuse is working its way into the business sector, the complexities of a global economy demand that the practical advantages and disadvantages of reuse be continually discussed and evaluated. However, industrialized nations are coming full-circle: governments are passing regulations, businesses are cutting costs, and consumers are reducing waste in the realization that applying the reuse philosophy in all areas will help to sustain our comfortable quality of life, enhance it for others, and maintain it for future generations. Furthermore, the most appealing reason to recycle is because of its ability to create a myriad of jobs, which can consequently improve the US economy. Recycling creates eight times the amount of jobs incinerator and landfill companies generate. Reuse, recycling, and waste reduction offer direct development opportunities for communities (Quest4glory, 2004). In conclusion, the benefits of recycling and conservation of energy cannot be overemphasized. Technology is making it easy to be green. Renewable energy can make your home more efficient. Efforts to clean up our air and water, preserve our non-renewable resources, and stop endangering plant and animal species, will ultimately lead to happier, healthier humankind living in partnership with the earth. Reference Green Living Ideas. (2007). Reuse. Retrieved on September 7, 2007 from http://greenlivingideas. com/reuse/reuse. html Quest4glory. (2004, July 5). Recycling: It’s time to clean up. Retrieved September 7, 2007 from http://www. echeat. com/essay. php? t=26204 Seventh Generation. (). Living Green: Reduce, reuse, recycle. Retrieved September 7, 2007 from http://www. seventhgeneration. com. /living_green/reduce_reuse_recycle. php

Friday, September 20, 2019

Discuss the Motivation for International Strategic Alliances

Discuss the Motivation for International Strategic Alliances Discuss the motivation for international strategic alliances ABSTRACT: To establish traditional international business in the market, businessmen do apply different strategies and one of the most common and emerging strategies that are being used now is the international strategic alliance. To study the ‘motivation of international strategic alliance, it has been made to systematically define the term ‘motive. This paper argues those studies of motivation of international strategic alliance, their advantages and disadvantages and how they are becoming beneficial in the global market place. This paper is an initial step to understand the definition of motivation in terms of the international strategic alliance by using the firms that have used this strategy. INTRODUCTION: An alliance can be defined as a business to business collaboration. In an alliance two or more companies agree to work together to achieve a common goal while not losing their individuality. Strategic alliance helps the both parties to gain the complementary strengths. Companies form alliances for joint marketing, joint sales or distribution, joint production, design collaboration, technology licensing and research and development. Strategic alliances have different forms, Contractual (non-equity- based) alliances (Alliances which are based on contracts and which do not involve the sharing of equity), Equity-based alliances (Strategic alliances which involves the use of equity), Cross-shareholding (Both partners invest in each other). ( Peng Mike W. Global Strategic Management, Second Edition, page 219) One form of Equity-based strategic alliances is the joint venture. The formation of the alliance is rich and fragmented. One of the main reasons behind the collaboration is to gain the competitive advantages. According to Williamson â€Å"Intermediate asset specificity and low uncertainty are conditions that may lead to a preference for hybrid forms of governance structure over both arms length transactions and internalization† (Williamson, 1991). Increasing the strategic alliances is one of the fastest trends in the business today and it is becoming an essential driver to grow for every industry. One of the main goals to form a relationship with other companies is strategic alliance where they combine the skills and expertise of the both companies and gain the cooperative venture. Then they enter the international market and share their costs. MOTIVATION for STRATEGIC ALLIANCES in the INTERNATIONAL MARKET PLACE The growing international marketing is becoming the norm in this time and these partnerships are leveraging the growth through alliances with international partners, where the both companies merge and gain the competitive advantage. They do it by licensing agreements, cross shareholder deals, cooperative arrangement and joint ventures. Rather than taking risks and wasting their time and investing a huge amount on of money for gaining this competitive advantage in business, they are entering the international markets by finding an appropriate alliance which is operating in the same market in another country. So they enter the market that they desire to enter and the main reason behind this is to share the knowledge, skills and expertise and also to gain the marketing advantage in the world. And its becoming another strategy to defeat the monopoly business in the global business within fraction of time, for example collaboration of Sony and Ericson. In the view of traditional industry, firms are independent and emphasize on maximizing their own performance. As competition in the market shrinks the profits of firms, they do not rival always against one another. For instance, in 1983 Toyota and GM establish a horizontal alliance on a limited basis to accomplish different targets of manufacturing small cars in the US. The intention of Toyota was to gain knowledge of running business in the American market. On the other hand, Gms objective was to learn manufacturing small cars profitably. Sometimes high entry barriers discourage individual companies. In that circumstance companies can build strategic alliances and networks to level this fence. Firms convert the relationship with suppliers to a mutual assistance and knowledge sharing, previously which was based on hard-bargaining. This liaison is known as upstream vertical alliance. In this case companies do not consider suppliers as threats. In the same way, now, downstream vertical alliances can bind the central firms, buyers and distributors together rather than treating them as possible threats. The market potential pushes the firms on alternative products to establish strategic alliance and networks to materialize the commercial prospective of new products. According to Resource-based consideration firms can get benefited from the alliance through value creation. â€Å"First, alliances may reduce costs, risks and uncertainties. Second, Alliances allow firms to tap complementary assets of partners. Third, alliances facilitate opportunities to learn from partners. Finally, â€Å"real option† an option is the right, but not obligation, to take some action in the future.† Real option gives the opportunity to the firms when they are not sure whether they will do acquisition or merge. The companies just need to pay a tiny portion of their assets (known as deposit). Through this temporary alliance they will judge its future profitability. If they are not satisfied, they can easily leave. There is no obligation to go on with this alliance or take further actions. Institutional based consideration includes two categories Formal Institutional based consideration and Informal Institutional based consideration. According to Peng â€Å"Strategic alliances and networks function within formal regulatory and legal frameworks.† In some countries, Governments impose restriction on Whole Owned Subsidiaries. In that circumstance international firms have only one option, which is, to make an alliance with a local firm in order to enter that market. Peng says â€Å"Informal institutions centre on collective norms supported by a normative and cognitive pillar.† When a firm decides to move on its own, it faces pressures and criticisms from peer, analysts, investors, and the media. In that situation firms make collaboration with other firms to enhance or protect its image in the market place. The firms do choose the target market they want to enter. After choosing the target market they come up with a strategic plan which will suit in the international market. They use all resources of both companies to exploit the existing resources and explore the new opportunities; the main concern for this exploitation is to increase the productivity and efficiency using the current employed capital and assets thought standards. When the both companies are big in size their integration level is also high which, vise versa, makes the higher level the degree of control. The difference between the integration and degree of control is making motivation for forming this strategic alliance. The ADVANTAGES of STRATEGIC ALLIANCE Many start-up companies do focus on emerging into the market and gaining a competitive advantage in the international market to beat the monopoly business around the world for the same products and nowadays it is becoming the most useful strategy to gain this competitive advantage. By which a firm can enter the target market faster and with less risk on the investment. Businesses use strategic alliances to: scope and speed the business process achieve advantages of scale in international market increase market penetration among other companies increase the competitiveness in domestic and global markets enhance product development by sharing the skills, knowledge, technology develop new business opportunities through new products and services and make it more competitive in the world market expand market development fast increase exports diversify create new businesses gain completive advantage in cost diversification into new markets improve cash flow Ability to move quickly The motivation of forming the international strategy varies from one country to another country. The main focuses of the join venture of the companies are to represent the companies in the various countries. But as the days passed the definition has changed because of the activities which became more prevalent. Because the international market the alliance can impart to the company in a relative advantage in size or by the size which makes the process to go faster or in other words it provides compliments to the areas which they are lacking. The motive behind increasing the international strategic alliance is not only gaining profit. The other factor which motive them are the competition among the competitors the fast changing market place industry convergence For an example an alliance between Sony (which is Japanese company, it was an electronic consumer company) Ericson (a Swedish telecommunication company) both giant companies planned to get an advantage in production and development which will prove their marketing skills. So once the joint venture is done with a legal manner it is similar in nature to a partial acquisition in consideration for shares. Because this combination has created the transaction, combining the relative advantages of both parties and ties their future together. They stopped making their own phones. They started to share their expertise and they have a research development teams in United States, Sweden, China, Japan, India, Germany, and the United Kingdom. The both companies were profitable on the first year but they had to face huge loss because of lack of investment and strategic plan. Once they have injected the money into their joint venture and came up with new idea which was to launch the built-in-digit al camera and with high features they started to enter to the market back but it still were a huge loses for them. So having the same strategic plan this joint venture did not work. They were struggling for the first three years. But walkman phones made them successful and made the 4th position in the world again. So here it proves that the giant companies do merge to gain competitive advantage but it is not always threat to the other companies which are already leading. It totally depends on the strategy they follow and implement. The DISADVANTAGES of STRATEGIC ALLAINCE Alliances are risky in term of cost, the reason is not due to cash being involved with another company and its not being in the companys hands, but it is due to returns from which they will get. First of all the company is to go throw the join venture which involves the investment. When a proper set of contracts, various transfer prices and incentive schemes from the partners to the joint alliance resolve most conflicts, most of the joint venture manages to entirely avoid conflicts between its respective parties. Managing the managerial position of both companies and resolving the possible conflict from the both parties due to the location and other factors of international market, Financial blocking is one of the major disadvantages in the international strategic alliance. Because most of the companies do not want to disclose their financing operations. For example, an alliance with SonyEricsson in the area of cellular communications could reduce the likelihood of contracts with Nokia, thereby putting the company at risk that if Ericsson is weakened, so will be all the companies that depend upon it. Alliance between competitors can be risky. Firms can access to the information, technology, business strategy, and database of each other. Therefore they acquire the knowledge of another company. One firm can plan to excel other firm by achieving the knowledge and skills of other firms business tricks. And then it can drop the other firm and may use the strategy against this firm. Strategic partners are often led by the company which is stronger in the international market. But they should come up with something unique by merging the both companies rather than starting from a start-up. But this strategy dose actually work with the every company depending on the market and company, like SonyEricsson came up with mobile when they merge but it was a huge loss in the market . They started losing their shares rather then gaining it. And it affected the job market. So they later on came up with cyber shoot which was the turning point of their company and also the walking walkman, which was different product then they used to launch. Because their main focus was to make competitive cell phone. But by the cyber shoot they have entered the market and now they are one of the giant companies with 4th position rank in the world. Sharing profits is another disadvantage. The revenue is being divided and goes to different country which does not help the country to boom up. But it dose have a great impact on it The decision is to be made by the both parties so there are always barriers for future financing opportunities. The distraction is the main disadvantage. The top level management is to take decision on behave of the both countries so they are to keep all the time in mind thinking about their own country when ever they are making decision. The both parties do not think alike because of the distraction that they are around by the competitors. As two or more companies are joint in this alliance, the decision is to be taken jointly so there is always a headache from the other partner. Because of the way they want take the company may not agree. To keep this mutual decision, the companies are to go through all this unexpected disappointments. Conclusion: The strategic alliance is one of the most implemented strategies in the global competitive market. And it is one of the mostly common used strategies which have an effect in the market to boom up the economy of a country. It has created the bond between the geographical territories. Where they can share their competitive advantages and bring out new polices and products for the consumers and increase the job market in this world. The advantages for this alliance is more then the disadvantages. So people are coming up of new policies where they can hide the disadvantages compared to the advantage. According to Pekar and Margulis â€Å"The fundamental purpose of an alliance is to facilitate collaboration and varying degrees of integration between companies without necessitating a merger or an acquisition, though it can often lead to a merger or acquisition. Bibliography Hill, Charles (2005), â€Å"International Business Competing in the Global Marketplace† Peng Mike W. â€Å"Global Strategic Management†, Second Edition, (page 216-240) http://ideas.repec.org/a/bla/jomstd/v33y1996i3p301-332.html http://www.smallbusinessnotes.com/operating/leadership/strategicalliances.html http://www.corporate-partnering.com/info/strategic-alliances-advantages-and-disadvantages.htm http://www.emeraldinsight.com/Insight/viewContentItem.do?contentType=ArticlehdAction=lnkhtmlcontentId=1515040 www.faqs.org/abstracts/Business-general/Strategic-motives-for-international-alliance-formation-The-limits-of-employee-involvement-profit-sha.html http://www.lotsofessays.com/essay_search/Conclusion_Strategic.html http://www.sciencedirect.com/science?_ob=ArticleURL_udi=B6VGK-4MBBYN6-1_user=10_rdoc=1_fmt=_orig=search_sort=d_docanchor=view=c_searchStrId=1123950549_rerunOrigin=google_acct=C000050221_version=1_urlVersion=0_userid=10md5=52af2b0a1c7e40ab036d752257b46fc1 http://www.smallbusinessnotes.com/operating/leadership/strategicalliances.html illiamson, O.E. 1991. Strategizing, economizing, and economic organization. Strategic Management Journal, Winter Special Issue, 12: 75-94 Peng Mike WGlobal Strategic Management, Second Edition, page 213 Peng Mike W Global Strategic Management, Second Edition, page 227 Pekar Peter Jr. and. Margulis Marc S, Equity alliances take center stage: The emergence of a new corporate growth model, IVEY MANAGEMENT SERVICES †¢ May/June 2003

Thursday, September 19, 2019

Judiasm & Rastafarianism: A study of the Falashas Essay -- essays pape

Judiasm & Rastafarianism: A study of the Falashas In this research paper I will discuss the ethnic groups of Africans in the Caribbean and Jews in Ethiopia. Jews in Ethiopia call themselves Beta Israel which means `house of Israel.' They are also known as the Falashas. Falasha means `stranger' or `immigrant' in the classical language of Ethiopia (the Ge'ez tongue). I will also describe the culture of the African people displaced into the Caribbean who identify themselves as the Rastafarians and the connections I have made between them and Judaism. I believe that these connections between Judaism and Rastafarianism are more than just similarities that can be found between any two Bible- following religions. I choose the Falashas as the topic for personal, religious and spiritual reasons. I was born into a Jewish household, rich in the traditions and customs of my Hebrew ancestors. I grew up however in the Caribbean, home of the unique culture known as the Rastafari. Throughout my life I have felt a deep connection between Judaism and Rastafarianism. In this paper I seek the origins and history of the connection that I feel in my heart. I believe that the Falashas are the bridge between these two cultures. The connection of the Rastas to Ethiopia is a deep and mystical one. It would take hundreds of pages to illustrate the connections of this culture to Israel. In briefly describing their culture I attempt to illustrate what sparked my attention about the similarities between Jews, Falashas, and Rastas. The Rastas believe that they are originally and ancestrally Ethiopians. They were stolen from their homeland in times of slavery and brought to the `New World'. To say the least, the Rastafarians believe in many of the similar ... .... Leonard E. The Rastafarians. Boston: Beacon Press, 1977. Messing, Simon D. The story of the Falashas,"Black Jews"of Ethiopia. Brooklyn, N.Y.: Balshon Print. & Offset Co., 1982. Campbell, Horace. Rasta and Resistance. New Jersey: First Africa World Press Edition, 1987. White, Timothy. Catch A Fire. New York: Henry Holt and Company, 1994. Steve Barrow and Peter Dalton. Reggae - The Rough Guide. London: Rough Guides, 1997. Chevannes, Barry. Rastafari - Roots and Ideology. New York: Syracuse Univ. Press, 1994. Rapoport, Louis. Redemption song: the story of Operation Moses. San Diego: Harcourt, 1986. Laing, Arlene. Introduction to Jamaica. URL:"http://lamar.colostate.edu/~laingg/" Eznoh, Michael. Jammin Reggae Archives. URL:"http://www.niceup.com/" Bob Marley - The Unofficial Home Page. URL:"http://www.won.nl/dsp/usr/svketel/Music/bmarley.html"

Wednesday, September 18, 2019

The Use Of Mood In Macbeth :: essays research papers

The Use of Mood in Macbeth Noah Webster, author of Webster’s Dictionary, defines mood as the â€Å"temporary state of the mind in regard to passion or feelingâ€Å" and â€Å"a morbid or fantastic state of mind.† E. L. Thorndike and Clarence L. Barnhart, authors of Scott, Foresman Advanced Dictionary, define mood as â€Å"the overall atmosphere or prevailing emotional aura of a work.† Shakespeare’s Macbeth, especially the pivotal and ominous second act, exemplifies both denotations of mood. The act has an â€Å"overall atmosphere,† even though the mood shifts, while this mood places a sense of cliff-hanging anxiety at the beginning, an ambiance of hysterics towards the middle, a feeling of tragic realization directly following, and an unsure aura of occult extractions. Shakespeare cleverly uses six key elements to further shape and add to the mood: the characters, the imagery, the setting, the sounds, the characters’ actions, and the characters’ dialogue. In scene one, the setting is revealed. It is late, past midnight, and there are no stars, making extremely dark and a dramatically perfect opportunity to commit murder. In any good horror movie, all the deaths occur at night, when it is dark. The location is a castle, which would have to be the eeriest, coldest, darkest piece of architecture ever constructed. Banquo’s â€Å"cursà ¨d thoughts† (II, i, 8) keep him without sleep, in exact contrast with the eternal sleep Duncan will soon begin. Then, as Banquo retreats to his quarters, Macbeth’s imagination and intensified emotional exhaustion and strain generate a looming image of a dagger pointing to Duncan. â€Å"I see thee still . . .† (II, i, 35), he yells at the vision, creating a sense of madness. Again, â€Å"I see thee still . . .† (II, i, 45), but this time the hallucination is glistening with blood (and in all likely hood, that of Duncan). He casts this apparition aside and awaits his signal to make the final walk into his beloved king’s chambers. The bell rang by Lady Macbeth interrupts this thick, tense mood and startles the audience to either jump out of their seat or creep slowly to the edge of their seat. This also related to a popular sermon of the same time period, Meditation 17 by John Donne. A famous excerpt from it reads, â€Å". . . and therefore never send to know for whom the bell tolls; it tolls for thee . . . † (Donne, 284).

Tuesday, September 17, 2019

Admissions Essay - Ugandan Culture and Medicine :: Medicine College Admissions Essays

Admissions Essay - Ugandan Culture and Medicine My trip to Uganda proved to be an extremely rewarding experience. We spent the first part of the Crossroads program at Hofstra University in Long Island for a two-day orientation, during which we met our group members and shared our interests and experiences. After knowing each other for only 48 hours we embarked upon our "journey". We flew from New York to London, to Entebbe airport, roughly one hour from the capital, Kampala. The next morning we met with officials from PDR (Program for Development and Rehabilitation) who gave us a few guidelines about our project and helped sensitize us to the culture and the history of Uganda. That same day we drove to Luwero (roughly 50 miles from Kampala) to meet our host community and "get settled in". The clergy members with whom we spoke were overwhelmingly friendly, and went out of their way to make us feel welcome. The Bishop of Luwero was kind enough to have a guesthouse ready for us. Having expected that each of us would be staying with a separate family, living in our own house with mattress beds and electricity came as somewhat of a shock. Though I wish I could have had the experience of staying with a Ugandan family, our living arrangements worked out quite well. We were able to do our own cooking, use charcoal stoves, and wash our own laundry by hand. Though we were originally supposed to be stationed at Kiwoko Hospital, roughly 8 miles from Luwero, the Church of Uganda made last minutes changes in the program. We spent the first two weeks visiting various health centers in Luwero. Given our limited medical experience, we weren't able to provide much help to the patients in terms of medical care. However we did gain a great deal of experience by talking to the medical staff and observing local healthcare practices. One of the wards at Kasana Health Center was dedicated entirely to testing and counseling for AIDS patients. Talking to these patients and the counselors proved to be extremely fascinating. On one occasion a group of HIV patients set up a dance/performance aimed at conveying the experience of the disease through dancing and music. We were able to visit Kiwoko Hospital during the third week of our trip, however. Most of our time there was spent shadowing doctors (most of them Ugandan) and observing surgeries.

Monday, September 16, 2019

J. D. Salinger and Catcher

Rye went into 14 printings within a year of publication and continued to have a large sale. The book had been translated into 30 languages and had sold more than 65 million copies. After his divorce with his second wife, Claire Douglas, he went to New Hampshire to be alone and be isolated. He stopped writing books and cut off most public contact. He would only write in private and enjoyed his time alone. Slinger died on January 27, 2010, of natural causes at his home in Cornish, New Hampshire. (American Decades. Deed. Judith S. Bushman. StudentResources in Context) Critics say that The Catcher in the Rye is a quest story but Holder's quest is aimless and incomplete. The Catcher in the Rye is most frequently compared to Mark Twain's The Adventures of Huckleberry Finn. The Catcher in the Rye was received enthusiastically by the reading public. The Catcher in the rye was a rapid success, The Catcher in the Rye was mostly praised by critics but others thought it was a failure. It was als o controversial for its adult language and situations. The Catcher in the Rye became a classic coming of age tale about maturing from childhood to adulthood.Slinger filed a lawsuit against Ian Hamilton for writing â€Å"J. D. Slinger: A Writing Life. † Slinger wanted to protect his privacy. Slinger influenced many people like Lynda Barry. I find J. D. Clinger's writing fascinating. His themes are powerful and relatable in The Catcher in the Rye. I really enjoyed the novel and I would love to read some more of his works. (Encyclopedia of World Biography. Detroit. Student Resources In Context. )

Loneliness in Of Mice and Men Essay

Explore the issues connected with loneliness in John Steinbeck’s Of Mice and Men. Loneliness is examined carefully in Of Mice and Men. In the world of itinerant ranch-hands, loneliness is an inescapable part of life and Steinbeck records this through the plot and characters in his novel. Being lonely is the lack of an emotional, mutual bond, which leads the characters to lose a sense of self-worth and dignity. This essay explores what Steinbeck discusses about loneliness in Of Mice and Men and how he uses the characters of Candy, Crooks, George, Lennie and Curley’s wife to express these views. George and Lennie are the most interesting starting point for such an exploration since they are the only two characters in the novel who are defined by their companionship rather than loneliness. George proclaims proudly to Lennie in the early pages of the novel, that itinerant ranch-hands, typical of the economic Depression in the USA in the 1930s, â€Å"are the loneliest guys in the world† but â€Å"with us [them] it ain’t like that†. Both George and Lennie know that their friendship gives them a future and gives their life purpose and significance. They want to own a farm where they can â€Å"live off the fatta the lan'† and rear animals; where their feeling of self-worth will not stem from gambling and prostitutes, but from their camaraderie-their importance to each other. On the other hand, other wandering workers â€Å"got no family† and they â€Å"don’t belong no place.† George and Lennie know that their companionship sets them apart-it makes them dignified enough to have a dream and think about putting down roots, a dream that most ranch-hands would have had at the time, but would never achieve. Other ranch-hands’ remained as ‘islands’, their lives cut off from anybody else’s. The fact that the bond between George and Lennie would have been rare-it is the only instance of true friendship between men in the novel-shows that at the time of the Great Depression, every man was for himself. Indeed, a few characters are suspicious of their friendship, thinking it financially exploitative: â€Å"You takin’ his pay away from him? †¦ Well, I never seen a guy take so much trouble for another guy.† The only reason their friendship exists is because Lennie is so simple; his vulnerability and dependence on George make him loyal and trustworthy, unlike any other ranch-hand. Although George says, â€Å"When I think of the swell time I could have without you, I go nuts,† he knows that Lennie’s presence makes him feel more important and confident than an average itinerant worker like him would normally-being in charge with Lennie makes him feel in charge of his life. Tragically, however, by the end of the novel this is what George becomes-an average itinerant worker; he has to kill Lennie and after losing the only emotional human connection he had, George’s dream and dignity are both destroyed: â€Å"He usta like to hear about it so much I got to thinking maybe we would [be able to have the farm.]† The fact remains that such an honest friendship has a flawed foundation-Lennie’s mental debility, although making a friendship possible, also makes him too vulnerable to make prudent decisions. Loneliness is thus inevitable for George and all his fellow wanderers. In many ways, George and Lennie’s relationship is mirrored by that between Candy and his dog. Again, Candy is able to gain true loyalty and trust only from a dog-a one-dimensional, vulnerable being. When the thick-skinned Carlson asks, â€Å"He ain’t no good to you †¦ Why’n’t you shoot him Candy?† the only answer Candy can produce is that he â€Å"had him so long†. Over the years, Candy has developed a special bond of care, as opposed to simple utility, with his dog. To Carlson, who can only understand the value of a person in terms of their practical usefulness, due to his experience of the Great Depression, this bond is meaningless. After his dog is shot, Candy is reduced to a useless old cripple, also encapsulated in solitude. The dog’s companionship had allowed Candy to cherish his past and be hopeful for his future, but now he has nothing to look forward to: â€Å"When they can me here I wisht somebody’d shoot me †¦ I won’t have no place to go an’ I can’t get no more jobs.† The dream farm tempts Candy, too, because he feels that owning a place will prevent him from becoming a lonely monument for passing ranch-hands to observe. His desperation for the farm is so intense that even after Lennie’s death he hopes George may work towards it, but to no avail-Candy too is destined to be alone, unknown and uncared for once he can no longer serve a practical purpose.

Sunday, September 15, 2019

Plan for Successful Team Building and Team Leadership Essay

Elements of Successful Team Building  · The importance of diversity should be inculcated in every member of the team to ensure respect and good working relationship.  · Engage the team members into a disclosure of who they are and where they are in relation to others. This is an act of building community within the team, which can facilitate harmony and better working relationships in spite of generational and other kinds of differences.  · Elicit commitment from team members to work towards common goals in the team and for the good of the whole organization. Team Leadership  · Understand the vision, the mission and the goals of the team for clarity of purpose and unity of the team and the organization.  · Develop the leaders of the team in good decision making and appraisal of the situation of the team. This way, they can make effective decisions even with constraints of time and resources.  · Empower the leader to be responsible and accountable and engage the team in various scenarios so as to develop greater trust in the leader and in themselves.

Saturday, September 14, 2019

Mediquip Case

1) The major strength that Thaldorf possesses is that the model of the CT scanner is the latest one. It is two years in advance, so that, there would be no risk of obsolescence for a long time. Moreover, they enjoy the word-of-mouth from their current consumers, i. e. other hospitals in the similar size of LUH. However, unlike their competitors, they do not understand the market situation and decision-makers well. There are more than one person involving in the decision making process but they do not know which one possesses the most of the power. Also, their price is not competitive enough.The price range of a CT scanner is wide and Mediquip charges at the upper end which could not meet expectation of price-sensitive buyers. 2) There are altogether 3 people in the decision making process. Professor Steinborn: a nationally-known radiologist. He is the one who use the scanner so he cares the quality and functions the most. Though he shows his favor to Mediquip, Mediquip still lost the order, so it seems he does not own a great power. Dr. Rufer: a physicist. His primary concern is the patients’ safety if the scanner could meet the technical specifications that he raised. Mr.Hartman: the general director of LUH. He put price as the top priority and also the durability of machines and delivery. It seems like he possesses the greatest power in the whole decision making process since price is the very major reason of the loss of order. 3) Generally speaking, Thaldorf could have effective and positive interaction with the above-mentioned persons. Though Professor Steinborn was once shocked that the price could not be discussed, he was soon pacified and even talked about his vacation. And he even told the Sigma’s price to Thaldorf, it shows his favor to Mediquip. ) September 3 Firstly, it was told by the secretary that there were a lot of heated discussions. It implies that there might be even arguments between Hartman who concerns price and Steinborn who favors Mediquip. And obviously, Steinborn lost from the discussions. And so, Hartman just like put-off Thaldorff asking him to give a final offer but the decision was made actually unless Mediquipp could really offer a competitive low price. 5) From this case, we should understand that, sometimes, possessing the newest model may mean nothing and we have to understand our customers better.You may encounter a lot of people during the process, but the important thing is to get the most powerful decision-maker pleased and favor to your product. Only that could bring you the order. Cause sometimes even your product is the best among the competitors, your customer may not know it. Therefore, the best practice is to formulate different strategies according to different customers, like if he is price-sensitive and do not know much about the product, different models with different prices could be introduced. And the customer could just choose whatever within his budget.

Friday, September 13, 2019

Business Plan (Financial Part) Essay Example | Topics and Well Written Essays - 1500 words

Business Plan (Financial Part) - Essay Example These are powerful tools since these would contain a summary of the services that the office would render. With this plan, the owner budgeted for the design and production of the materials on a quarterly basis. An agency will be outsourced to fulfill this requirement. CFL would also be utilizing Search Engine Optimization, thus the budget to be allocated for the creation and hosting of its website. The creation of a web site would only be one-time and any change to the website would essentially be just minor ones and would not entail too much costs. Print ads would also be produced to support the above-mentioned marketing plans and also to reach the market who are heavy users of this medium. A monthly print advertisement shall be implemented in two major dailies in Cyprus. The budgetary requirements have been spread all throughout the first year of operations to be able to determine the needed cash flow. Targets on the number of needed accounts to cover for all operational costs have also been determined. These targets must be adhered to by the account managers to ensure smooth operations of the company. The 50,000 pounds start-up capital shall not be used up 100% for the first month, but instead, only 25% of which shall be spent on the perceived operational requirements./The rest shall be treated as savings and would only be used as needed. The cash flow has been planned to ensure that the projected income shall cover for the projected costs. The targeted number of projects and clients has been identified for the rest of the operational year. This is to ensure that all operational costs shall be covered for and that there would be as little deficit as can be should the plans do not materialize. The budget requirements are definitely lower than the projected income. The company plans to adhere to this budget plan to ensure that the office, at the very least, breaks even. However, as such a business is bound to

Thursday, September 12, 2019

Ethics Essay Example | Topics and Well Written Essays - 750 words - 38

Ethics - Essay Example If every individual would lie to get a loan, then the process would fall apart lending the maxim impossible. Such acts are perfomative contradiction since they undermine the basis for their existence. The humanitarian principle suggests that pertains to the notion of saving life and alleviating suffering. It is mostly related to an emergency response whether during war, natural or man made disasters. They govern how individuals respond in a humanitarian way. Thus, the principle of humanity is one of the humanitarian principles. It states that individuals should always treat human beings as an end and not as means. Treating individuals as means is treating them to achieve our own goals (Shafer-Landau, The ethical life, 2014). Treating as an end is dealing with individuals with the respect they deserve. The principle, however, fails to give us advice on how to determine what people deserve. According to The Principle of utility, our actions or behaviors are morally right as long as they promote happiness and pleasure. Such actions are wrong if they tend to promote unhappiness and even pain. It is associated with hedonism since a hedonist only believes in the feelings of pleasure and pain. Such feelings are biological experiences involving human’s central nervous system and controlled by the cerebral cortex. Human beings experience pleasure whenever they perform certain acts that fulfill their biological functions including eating or drinking. Pleasure is also experienced in the event of performing various intellectual activities including reading. Sometimes, pleasure is experienced by doing the right thing. Pain on the other hand is experienced when such functions are left unfulfilled. Many utilitarian believe that pleasure and pain can be quantified. Thus, the main interest here is acting in private interest as opposed to public interest as long as individuals are gaining pleasure and pain. An example that can bring about the conflicting sides of all the

Wednesday, September 11, 2019

Corporate Financial Accounting Essay Example | Topics and Well Written Essays - 1250 words

Corporate Financial Accounting - Essay Example management would create a provision for restructuring without having any commitment. Besides this, management used to manipulate the auditors by combining in many little amounts of provisions, which, when gathered made up a huge amount. This helped them to skim their profits and gain tax advantages, etc. Except these two problems, provision accounting used methods where provision was created for one purpose and then used for another. All this led to poor disclosure and difficulty in assessing the effect of provisions on reported profits. Provisions were particularly created when profits were high and decreased or eliminated when profits were low in order to smooth the outcome. This was commonly done when an organisation acquired another business entity, the acquirer created increased number of provisions as a cost of merging the new business’s operations. When the provisions were released later, the profits reported would seem falsely inflated. Provision accounting was used to boost share price by disguising poor performance in a particular year by profit smoothing to create an impression that the profit are less volatile, this led to increased investing in a particular company. (Management Accountant Blog, 2007) To overcome such an issue, the International Accounting Standards Board (IASB) came up with International Accounting Standard (IAS 37). This standard’s main purpose was to prevent organisations from recognising excessive provisions by focusing on the Balance Sheet and applying proper definition and recognition criteria in the framework for the preparation and presentation of financial statements. According to IAS 37 can only be recognised if it meets the criteria of a liability and a liability according to IAS 37 is â€Å"a present obligation arising from past events, the settlement of which is expected to result in an outflow