Nantucket Nectars Essay Example | Topics and Well Written Essays - 500 words

Nantucket Nectars - Essay Example Another source of short term finance is life savings. Tom and Tom with their lifetime savings of $17,000 were able to undertake some expansion. Like Nantucket Nectars, entrepreneurs like Tom and Tom did can borrow funds from local financial institutions or individuals. Short term borrowings may be in form of overdrafts with limits set by banks and interest charged at variable rates set by the banks. Short term loans may also extend up to a period of three years; such sources of cash do not require much collateral, hence easy access. Before short term lending is extended to firms’, factors such as purpose, amount, repayment period, term and security are considered and ascertained (Pride, William, Robert 2011). As a matter of urgency if deemed so, a company may welcome wealthy individuals who pump money into the business at the exchange of a percentage of shareholding. The sales director of Nantucket nectars advises that mike Egan be allowed to bring in $600,000 for the exchange with 50% of the company. Out of the companies profits it can decide to plough back some amount to grow the business in form of retained earnings. Though this means has a direct impact on dividends since it reduces the amount earned by shareholders hence they may complain (Pride, William, Robert 2011). Retained earnings are attractive sources of cashing in since managers think they don’t cost anything, it is at their discretion to make dividend decisions. Also retained earnings as opposed to issuing new shares help the firm to evade issue costs and this method also helps the management avoid change of control. Another factor which facilitates the consideration of retained earnings is the financial and taxation levels of the existing shareholders. If due to taxation, they would receive capital profit realizable only during taxation of shares sold than receive current income then retained earnings is preferred to other methods. Businesses can still cash in

Unsaturated Problems Soils (Expansive or Collapsing ) Case Study

Unsaturated Problems Soils (Expansive or Collapsing ) - Case Study Example d contraction has tremendously adverse effects on landscape, namely roads and buildings, causing cracking of walls and foundations, and, thus, devaluing of the property in a remarkably short time. It also costs millions of money on repairs. Studies also show that expansive soils, when on slopes, can cause landslides. Care and treatment, therefore, has to be taken before construction of buildings on this soil. Engineers have to carry out soil tests, in order to determine the nature of the soil, before commencing construction, due to the adverse effects of expansive soil. Expansive soil can also be detected just by direct observation. If the soil is found to be expansive, various treatments could be applied so as to avoid the effects of the expansive soil: This involves compacting the subgrade at the appropriate moisture content. This will â€Å"produce a subgrade that absorbs less water, provides slightly higher strength, and will not expand or swell as much..†.( ACPA, 2008). Selective grading may be the most cost effective method of treatment, if expansive soils are not the predominant soil type along the roadway alignment. This will include blending and cross hauling. If the profile grade can be designed to keep expansive soils out of the top of the subgrade, (ACPA, 2008), selective grading may also be sufficient in controlling the shrink and swell potential. This is used when the subgrade soils consist of primarily expansive soils, and it is not economical to import non-expansive soil. This provides an effective means to control the shrink-swell potential of a soil. This method can also be economical on some projects, compared to selective

Monopoly Essay Example | Topics and Well Written Essays - 1000 words

Monopoly - Essay Example It was unthinkable to make diamonds available to the general public. However, supply increased rapidly in 1867 when diamonds were first found in South Africa but until the present day the notion of diamond as a precious and rare commodity remains. Just like the gold miners in California, the diamond miners of South Africa were very attracted by the riches about diamond and tend to rush. But because of the scarcity of resourceful lands and problems with infrastructure and equipment, large scale digging was impossible. This gave the opportunity for businessmen like Cecil Rhodes to rent out pumping equipment and soon realized that he had tapped a vast market potential. By 1880, Rhodes held a large enough share of diamond claims to justify a separate company purely concerned with managing the mines: thus DeBeers Mining Company was created. By 1887, the company was the sole owner of South African diamond mines (Kretschmer, p.1). Ernest Oppenheimer, a German immigrant established himself a s a prominent figure in the South African diamond and gold industry in the following three decades. As a diamond expert, he entered the gold business, created the Anglo-American Corp. of South America and owned a dominant share of South Africa’s gold mines. With his greatest ambitions, he finally gained full control and ownership of DeBeers in 1926 and this was the start of De Beers as a monopoly. There are factors that made it possible for a certain company such as De Beers to be considered as monopoly in the industry. Market structures are determined according to the degree of difficulty of entry and exit in the industry and how their products are differentiated. Monopoly is a market structure characterized by having a single or sole producer of a unique product. This is very true for the De Beers, a Swiss-based company controlled by a South African corporation, as it is the only supplier of diamonds and controls the world’s

Unsaturated Problems Soils (Expansive or Collapsing ) Case Study

Unsaturated Problems Soils (Expansive or Collapsing ) - Case Study Example d contraction has tremendously adverse effects on landscape, namely roads and buildings, causing cracking of walls and foundations, and, thus, devaluing of the property in a remarkably short time. It also costs millions of money on repairs. Studies also show that expansive soils, when on slopes, can cause landslides. Care and treatment, therefore, has to be taken before construction of buildings on this soil. Engineers have to carry out soil tests, in order to determine the nature of the soil, before commencing construction, due to the adverse effects of expansive soil. Expansive soil can also be detected just by direct observation. If the soil is found to be expansive, various treatments could be applied so as to avoid the effects of the expansive soil: This involves compacting the subgrade at the appropriate moisture content. This will â€Å"produce a subgrade that absorbs less water, provides slightly higher strength, and will not expand or swell as much..†.( ACPA, 2008). Selective grading may be the most cost effective method of treatment, if expansive soils are not the predominant soil type along the roadway alignment. This will include blending and cross hauling. If the profile grade can be designed to keep expansive soils out of the top of the subgrade, (ACPA, 2008), selective grading may also be sufficient in controlling the shrink and swell potential. This is used when the subgrade soils consist of primarily expansive soils, and it is not economical to import non-expansive soil. This provides an effective means to control the shrink-swell potential of a soil. This method can also be economical on some projects, compared to selective

The management of people Essay Example | Topics and Well Written Essays - 2500 words

The management of people - Essay Example Management is a serious task (Aguilar, 2002). Low team morale is a hindrance to success in any project and it is the Manager's responsibility not only to make sure that the project is successful, but also see that the team is satisfied. People work in projects to make something for people. The problems in projects are human problems. For every technical, financial or schedule problem there is a human problem behind it. The most significant resource any business has is its people. A significant element in managing a complicated project knows how to manage the most precious asset the human resources. Perhaps the greatest challenge that is presented by a global project is the management of the human resource pools. This is true at a macro or overall staffing levels and micro or delegation of work to labour pools level. Management is now assuming a greater role to strategic business partners (Holsapple and Joshi. 2000). Successful businesses realize that true competitive advantage lies in the people. Businesses have been forced to redefine the responsibilities and develop a compelling response for critics who dispute human resource's value to the bottom-line. Management has been around since the dawn of civilization (Terry, 1960). In primitive societies almost everybody had to do physical labour. To break away from this burden, about the only choices were going into politics (kings) or religion (priests). Complications arise in tracing the history of management. Others see it by definition as a late modern in the sense of late modernity conceptualization (Ahmed, Lim, and Zairi. 1999). On those terms it cannot have a pre-modern history, only harbingers. Others, on the other hand, detect management-like activities in the pre-modern past. Civilized urban societies led to more specialization, produced new vocational alternatives to manual labour, and saw a tendency of those who did not work with the hands to look down on those who did. Others argue modern management as a discipline started as an off-shoot of economics in the 19th century (Drucker. 1988). Economists provided a theoretical background to resource allocation, production, and pri cing issues (Conceicao, Gibson, Heitor, and Shariq. 1997). About the same time, innovators produced elements of technical production such as standardization, quality-control procedures, cost-accounting, interchange ability of parts, and work-planning. Many of these aspects of management existed in the ante-bellum (pre-1861) US slave-based economy. There, 4 million people were, as the contemporary usages had it, managed in profitable quasi-mass production. By the late 19th century, a new layer of complexity is introduced to the theoretical underpinnings of management (Bennis, 1989). The first tertiary-level course in management in 1881 is offered. Management of People provides managers and human resource professionals with skills and knowledge for managing the people aspects of strategic implementation (McWilliams, Abagail, and Siegel 1999). In the early 21st century, it was easy to see the development of a "third wave" in these well-established concepts (Stacey, 1992). Just as the 21st century has seen new types of organizations and new ways of doing business arise, so, too, will there

Dance Essay Essay Example for Free

Dance Essay Essay Chosen to look at the productions Cell Block Tango from Chicago and Rosas Danst Rosas by Anne Teresa De Keersmaeker. I wanted to compare these two dance pieces, as I felt the concept behind them, was very similar. Both pieces represent strong female roles, demonstrated by movement and strong characters. In Chicago, the fosse inspired production, choreographed by Rob Marshall, looked at the political issue of women trying to escape their stereotypical role as the domestic care giver in attempt to be individualists. Whereas in Rosas Danst Rosas, choreographed by Anne Teresa De Keersmaecher, her choreography reflects back on feminist issues that females in society faced. Both dance pieces portrayed these issues through movement, in very different ways. Bob Fosse was the original choreographer for Chicago, however, Rob Marshall adapted the Fosse choreography to his interpretation for the film in 2002. Bob Fosse was born in Chicago, Illinois, 1927 and died in 1987. His life was dedicated to dance, he is acknowledged around the world for his outstanding, unique style. He was an American, actor, dancer, director, screen writer and film editor. At a young age he teamed up with another young dancer, Charles Grass, and began a collaboration called ‘The Riff Brothers. ’ Fosse then went on to direct many productions, for example, Sweet Charity, Billion Dollar Baby, dancin, and Chicago. Chicago was originally from a 1926 play by the reporter Maurine Dallas Watkins, she bases her plays on actual criminals and crimes she reported on. It was then, as said above, originally choreographed by Bob Fosse, his style is strongly identified throughout the production. In 1996 Chicago holds the record for the longest running Broadway revival. In 2002 the Academy-award winning film version of the musical was released, directed by Rob Marshall. Rob Marshall is an American theatre director, film director and choreographer. Marshall was born in Madison, Wisconsin and raised in Pittsburgh, Pennsylvania. He attended Carnegie Mellon University where he was trained in jazz and ballet. Chicago is about two women who go to prison as they have called their partners, who find themselves awaiting their trails and having the same passion, to be a singer and fight for the fame that will keep them from the gallows. I have chosen to specifically research one of the routines from Chicago, which is Cell Block Tango, the dance is about six woman whom have killed their partners, they all have separate parts in the dance, which portray the hatred and re-enactment of when they killed them and why. I felt this was very effective as it signifies the power of woman, and their independence. They wanted to show the audience that if they were in their position they would of done the same. I noticed they use a lot of gestures that indicate power, for example when they are stomping. The dance is also very seductive, empowering over men.

Literature Review on Emotions Across Cultures

Literature Review on Emotions Across Cultures Ms. Shweta Gaikwad RESEARCH METHODOLOGY OF EMOTIONS ACCROSS CULTURES (EMIC, ETIC OR A COMBINATION OF BOTH) Introduction: The terms emic and etic were coined in 1954, by linguist Kenneth Pike, who argued that the tools developed for describing linguistic behaviors could be adapted to the description of any human social behavior. Emic and Etic are terms used by anthropologists and by others in the social and behavioral sciences to refer to two kinds of data concerning human behavior. In particular, they are used in cultural anthropology to refer to kinds of fieldwork done and viewpoints obtained. In the field of cross-cultural research, the emic approach involves examining one culture at a time to evaluate how insiders or participants interpret a phenomenon. The criteria for evaluating behaviors relate to the insiders, and the structure is discovered by the researchers. On the other hand, the etic approach involves comparing different cultures. Behavior is studied from the perspective of an outsider, the criteria for evaluating behaviors are viewed as â€Å"universal† and the structure is created by the researchers. Definition: â€Å"The emic approach investigates how local people think (Kottak, 2006). How they perceive and categorize the world, their rules for behavior, what has meaning for them, and how they imagine and explain things.† The etic approach realizes that members of a culture often are too involved in what they are doing to interpret their cultures impartially â€Å"The etic (scientist-oriented) approach shifts the focus from local observations, categories, explanations, and interpretations to those of anthropologist.† When using the etic approach, the ethnographer emphasizes what he or she considers important. Early Etic and Epic studies in Psychology: Swiss psychoanalyst, Carl Jung, is a researcher who took an etic approach in his studies. Jung studied mythology, religion, ancient rituals, and dreams leading him to believe that there are archetypes used to categorize people’s behaviors. Archetypes are universal structures of the collective unconscious that refer to the inherent way people are predisposed to perceive and process information. The main archetypes that Jung studied were the persona (how people choose to present themselves to the world), the animus/ anima (part of people experiencing the world in viewing the opposite sex, that guides how they select their romantic partner), and the shadow (dark side of personalities because people have a concept of evil. Well-adjusted people must integrate both good and bad parts of themselves). Jung looked at the role of the mother and deduced that all people have mothers and see their mothers in a similar way; they offer nurture and comfort. His studies also suggest that †Å" infants have evolved to suck milk from the breast, it is also the case that all children have inborn tendencies to react in certain ways.† This way of looking at the mother is an etic way of applying a concept cross- culturally and universally. Recent Researches on Emic and Epic across Culture: I) West Meets East: Incorporating the Emic Perspective for Cross-cultural Business Communication by Yunxia Zhu, University of Queensland Business School The researcher has shed light on the rapid development of internationalization and globalization, cross-cultural business communication is drawing increasing research  attention. The researcher has reviewed and reported findings based on 177 journal papers, published after 1990, in various Journals of Business Communication. The researcher indicates that there has been a shift of research focus towards  Asia and other emerging economies with the rise of Asia and Latin America  (e.g., China, India, and Brazil) in the world economic arena. However, Many Scholars contemplate dominant approach of crosscultural communication and management is Still largely based on polarised cultural dimensions, (e.g., Individualism and collectivism). Hofstede’s (2001). The research highlights the issue relating to the imbalanced emic-etic focus and propose specific ways of addressing this imbalance, through the discussion on the following three points: Introduction of the concepts of emic and etic perspective, and discussion of the relevance to cross-cultural business communication. The sources of emic researches and suggest ways of incorporating them. The theoretical and practical implications of applying the emic perspective and suggest some future research directions. The researcher refers to Kenneth Pikes (1967) contribution and definition of the terms epic and ethic and concludes that the etic unit was from the outside in, providing access into the system but only as the starting point of analysis; the full understanding of the emic is the ultimate end point. However the researcher fails to mention the terms are coined priory by Pikes in 1954. According to the researcher the importance of the emic approach has drawn increasing research attention but it has not been given sufficient research attention in cross-cultural business communication. Also it is crucial to explore and incorporate The emic perspectives in order to reach a balanced view about the culture and communication in the new economic and cross-cultural contexts. The researcher has further discussed the Imposed Ethic approach, The Integrative Etic-Emic Approach and Emically Derived Etic Approach with relevance to various researches in the respective fields. There are enough evidences of researches In conclusion the expant research points to the imperative of incorporating the emic perspective in order to explore the nuances and richness of cultures. Whereas, the emic perspective is especially important today when the East meets the West. The study of incorporating emic perspectives has both theoretical and practical implications. Theoretically, the emic can complement the etic approach, hence extending the prevalent etic approach. The researcher further suggests future study can examine how emic perspectives can extend other cultural dimensions. Also indicating that various theories can be viewed in the light of emic perspective to derive or facilitate culture studies. The limitation or overlapping of the theories is also pointed out that some imposed etic or prevalent Western theories are in fact emic in nature. Thus leading to the need to identify the limitations of these theories including tracing sources and contexts of these theories while applying them. The researcher states that the emic sources of knowledge also extend the etic approach, offering us a wider range of alternative perspectives from emic sources for cross-cultural adaptation. For example, we can be more flexible with communication styles with different group of people in different contexts. The researcher concludes with the conception that there is potential for developing new theories and for complementing extant theories drawing from emic sources, which will help to achieve significant impact and answer the ‘so what’ question for cross-cultural business communication research. II) Toward a new approach to the study of personality in culture. by  Cheung, Fanny M.; van de Vijver, Fons J. R.; Leong, Frederick T. L. The research reviews recent developments in the study of culture and personality measurement. Three approaches are described: an etic approach that focuses on establishing measurement equivalence in imported measures of personality, an emic (indigenous) approach that studies personality in specific cultures, and a combined emic–etic approach to personality. The research proposes the latter approach as a way of combining the methodological rigor of the etic approach and the cultural sensitivity of the emic approach. The combined approach is illustrated by two examples: the first with origins in Chinese culture and the second in South Africa. The article ends with a discussion of the theoretical and practical implications of the combined emic–etic approach for the study of culture and personality and for psychology as a science. III) Views From Inside and Outside: Integrating Emic and Etic Insights about Culture and Justice Judgment by Michael W. Morris, Stanford University Kwok Leung, Chinese University of Hong Kong; Daniel Ames, University of California at Berkeley and Brian Lickel, University of California at Santa Barbara. The research focuses on synergy between emic and etic approaches to research on culture and cognition. The research contemplates the integrative limitation as well as simulative progressive characteristics of emic and etic approaches to research. The research notes that the emic or inside perspective follows in the tradition of  psychological studies of folk beliefs (Wundt, 1888) and The etic or outside perspective  follows in the tradition of behaviourist psychology (Skinner, 1938).The two perspectives/approaches persists in contemporary scholarship, in psychology, between cultural psychologists (Shweder, 1991) and cross-cultural psychologists (Smith Bond, 1998). Varied views on emic and etic approaches, as facilitating and bringing limitations to one another as integrative, with context to anthropology, comparatives and psychology, are elaborated. Further contemplating that, emic and etic researchers tend to have differing assumptions about culture. Emic researchers tend to assume that a culture is best understood as an interconnected whole or system, whereas etic researchers are more likely to isolate particular components of culture and state hypotheses about their distinct antecedents and consequences. The researchers agree that there is differences in justice judgments made in East Asian cultural settings, as opposed to Western settings. The researchers examine selected results from the two key components of distributive justice perception: selecting principles and construing behavior. East Asian cultures have suggested that the principle of harmony is salient in Confucist cultural settings (Hsu, 1953). Whereas Western common sense and theory (Deutsch, 1985). Chinese respondents give more weight to group-oriented values than do North Americans (e.g., Singh,Huang, Thompson, 1962). Emic research has revealed novel constructs (e.g., generosity as a means to harmony), has challenged etic constructs (the notion that individuals adherence to individualist  and collectivist values is captured by a unitary dimension), and has suggested new solutions  (e.g., distinguishing types of ingroup relations). Insights concerning cultural influence on the  interpretation of behavior relevant to justice comes mostly from emic studies. Emic analysis of how culture shapes judgment of deservingness has gone furthest in studies of indigenous Chinese constructs. Although there can be no doubt that an employees social connections enter into appraisals in many Western settings, the role of an employees connections  in an evaluation of his or her worth generally is left implicit and unarticulated by Western observers. To summarize the researchers have described several forms of stimulation in which  developments within each research tradition are provoked and challenged by findings in the  other tradition. Moreover, researchers have argued that an integrative explanatory framework incorporating insights from both traditions avoids limitations of purely etic and purely emic findings in conceptualizing culture and in capturing its various influences on cognition. In conclusion , the researchers have argued that integrative frameworks have several advantages as guides to solving the applied problem of managing justice perceptions  in international organizations. That is, an integrative framework enables better anticipation  of employees justice sensitivities, better decision making about a firms policy options,  and, once a policy is chosen, better implementation. Conclusion The researches on etic and epic approaches suggest that use of integrative approach provides a better understanding of cross-cultural researches. The cultural differences in context to personality, organizational, communication and emotion studies can be broadly generalised if the integrative approach is used. The limitations of one approach are the advantage of the other. Many studies indicate that some emic studies include an epic approach. REFERENCES Cheung, F. M.; van de Vijver, Fons J. R.; Leong, Frederick T. L. (2011) Toward a new approach to the study of personality in culture. American Psychologist, Vol. 66(7), pp.593-603.  Retrived on 19th November 2013 from:  http://psycnet.apa.org/index.cfm?fa=buy.optionToBuyid=2011-01448-001 Emic and Etic Researches-concept  Retrieved on 19th November 2013 from:  http://en.wikipedia.org/wiki/Emic_and_etic Friedman, Howard S; Schustack, Miriam W (2012), Personality: Classic Theories and Modern Research, Boston: Pearson Allyn Bacon. Kottak, Conrad (2006), Mirror for Humanity, New York, NY: McGraw Hill. Morris, M. W.; Leung, K.; Ames, D. and Lickel, B.( 1999).Views From Inside and Outside: Integrating Emic and Etic Insights about Culture and Justice Judgment.  Academy of Management Review, Vol. 24. No. 1781-796.