Wednesday, July 31, 2019

Improving Track Safety Design With Passive External Airbags Engineering Essay

Re design/ rating and recommendations for design and building alterations by bettering the path safety utilizing inactive external airbags. The grass path bikes can be raced with progressively safe since there is a batch more room for development and betterments, both in the instance of bikes every bit good as barriers in the race paths. Sing the current methods and developments applied around a modern grass path race, it is clear that monolithic and a batch more betterments can be made to avoid hurts to the riders, witnesss every bit good as fatal clangs of bikes. Along with this, the overflow countries of the current grass path rushing circuits are surrounded by wooden pole fencing with linking ropes as clang barriers which is non at all safe during the race. Taking a closer expression at the present clang barrier constituents it is obvious that a rope n wooden barrier is the worst comparison to all other barriers as it provides no safety and protection to the riders and witnesss during the high velocity clang. Basically if any stiff and inelastic stuff barrier is installed and if it does non travel off to some extent during a clang, it is non advisable to put in it since the energy absorbing power is really low. And if such an inelastic barrier is installed it may ensue in terrible hurts to the rider and rider and entire devastation of bikes. Other alternate barriers which used more normally are the light froth clang barriers with the wired thin metal mesh of considerable snap and resembles divider fencing and are installed environing the path giving infinite to run off country. Although these barriers are effectual against low impact hits, a current bike has excessively much velocity and torsion for those fencings to defy a hit and high impact. Finally, the most frequently used barrier fencings are wooden barriers which are impermanent and are less soaking up of impact energy. Exploitation of inactive airbag system as a 3rd barrier. In an impulse to better overall grass path safety and to happen a solution for above mentioned track safety jobs, a new development can be used as an alternate barriers for the path safety intents which can be used on the curves where there is a maximal chance of bikes traveling off the path or around the path as a safety barrier. The new coevals airbag system consists of normal airbags which are of inactive and can be used exterior to the path. Each airbag merely a inactive bag, which are pre hyperbolic bag of air and are of peculiar lengths, so that any combination of bags can be used every bit long as the path length, and can be easy transported or shifted from one path to another as all the paths are impermanent, and can be used with add-on to the current wooden barrier or if installed decently can replace the wooden barrier wholly. Therefore doing easy to put in and take after the race when and where of all time required with different path forms. The advantage of the barrier air bag is, it can non merely hyperbolic with normal but it can besides be inflated with any other alternate gases available and sometimes it is flexible more even to make full an equal normal liquid and a type of froth as good. Since the alternate types of rising prices increases the cost of installing and operation normal or dry air from the ambiance is much preferred as compared to any other surrogate. The air bags should be really exactly designed so that it wholly absorbs the bike impulse when it strikes them at really high velocity on the rushing circuits. The alone characteristic of the barrier air bag is when the bike hits the barrier with a really high impact, the inactive external barrier airbag evacuates a certain measure of air which is perfectly equal to the strength of the bike impact on the air bag wall. The bag which is partly deflated during the impact can once more inflated by a suited pump which regains and maintains the force per unit area and volume of the bag back to normal as before the hit. And those bags can be used for full completion of the circuit every bit good as other many races and if badly non damaged it can be used for several old ages till the bag stuff loses its snap due to age or serious wreckage due to crisp and pointed parts of the bikes during the clang. The normal air bag design constellation of the fence of path can be well compared to a drape of much large size, which is composed of many little inflatable shock absorber like which is attached one after the other like a concatenation of all around outside path. The barrier bags can be connected or fixed to each other one behind the other and every bit good to the gimmick fencing which is present behind them or even can be fixed on the land, and provided the air bag should hold adequate perpendicular rigidness so that it should non travel away skiding when the bike crashes the bag at really high impact. The air bags can be rapidly installed behind the 3rd gimmick fencing merely to supply safety to riders and every bit good as the witnesss. Fabrication of the barrier air bags The effectual airbags can be manufactured by run uping or can be thermoformed like plastics from derived functions of assorted tissues in such an interface that the barrier air bag is really extremely immune to high velocity bike hit impacts, parts invasions and resistant to fire in some instances and besides sing all the conditions conditions during the race is on. All the stuffs selected to the airbag industry must be tested and validatingly verified, and a combination of man-made fibers may be besides a really good pick for industry. Materials such as C fibers or Kevlar which has high strength and relatively less weight, which are already widely used in motor athleticss until now, can besides be used for the fabrication of air bags. Flexibility in air bag to accommodate different state of affairss in the race Different force per unit areas can be applied to the airbags depending upon the applications, when blow uping the air bags. Air bag can be filled with more volume of air which in return has more possible energy absorbing capacity, but the job is when the air displaces from the bag when crashed by bike, and therefore the air issues will hold to be sized for assorted velocity impacts. The air issues of the bag should be made sensitive plenty such that when the bike impacts with different velocities several sum of air should be discharged from the bag and the issue force per unit area should be pre determined. Hence every bag must be equipped with sufficient sum of air mercantile establishments which are to be a hermetic waterproofing in the signifier of opening to blow up every bit good at the same clip which enables go forthing the air measure from the bag at the fleeting hits. These air issues are plus points and advantageous cardinal solutions to the airbags as these allow the bike striking the airbags to be absorbed as a whole alternatively of resiling back the riders and bike when they ram the bag. Further customization of the airbags can be done to accommodate different applications. And airbags can besides be constructed for many uninterrupted metres in the signifier of wall, if the paths are to be made lasting, irrespective of length and breadth for effectual protection in a racing path boundary lines. Another betterment can besides be done in the air bags by adding one or more constituents in assembles bags like including pockets to catch the rider individually on the surface as the bike hits the front surface and Michigans, and rider every bit good as rider may wing in the air after crashing to the barrier, can be caught if the pockets are provided on the above or top surface of air bags. And such a constellation can be made possible in air bags by a resistive plastic model. The state of affairs of the path decides whether a combination of little attachable bags or big bags must be used in the race as some of race paths may non hold equal infinite to keep the race path, run offs and every bit good as witnesss. Proper, thorough full graduated table trials and surveies must be carried out before put ining or implementing the air bags on the existent path. It is non mandatory for the form of the airbag and stuff and any form can be manufactured harmonizing to the demand of path safety. The air bags which are put on the race circuits to absorb energy of the bike impact traveling off the paths particularly on the curves and go forthing the curves can be fixed, fastened, welded, glued and can be used incasing them in any arrested development structures or systems in conformity to protect the needed as stated before. The tissue used for the bag surface stuff may perchance be a mixture of glass fiber based, C fiber, man-made fiber based or Kevlar fiber since it is really strong. But it is non good to increase the thickness of the airbags utilizing stacking up of C to one or more beds inside with a orderly harmonic of man-made fibers or with any other combinations of two or more types of hempen texture. Air bag should hold chief characteristic characteristic of resistant to violent and difficult impacts, and to some extent opposition to rupture, fire and an in effectible to the conditions conditions. Airbags can be used in lasting path and every bit good, apart from stiff lasting systems, the airbags can besides be used as nomadic barriers, where of all time required. It can be dismantled, moved and replaced of fixed easy wheresoever needed in different locations where the race takes topographic point and can physically supported on a movable constructions that can back up potentially violent impact clangs. This interesting belongings of the air bag makes it good feasible solution for the impermanent circuits like grass paths and such as those which are used in the universe mass meeting titles. Amongst the advantages of the barrier air bags implemented on the grass path rushing circuits, is the shifting of circuits from a unsafe topographic point onto a more secured topographic points. This system can widely be used alternatively of current path safety systems and can replace the inferior barriers which do non supply any safety to the riders and the witnesss. The belongings of absorbing energy expeditiously through the controlled deflation of the airbags through the air exits. These airbags may go a hope for safety protections that wholly absorbs the impact energies and will non convey back to the bike striking it. Another good advantage of this air bag is the show surface on inside the path every bit good as outside the path harmonizing to the form along the grass path circuits can be efficaciously used by the advertizers. Last but non least at the terminal, there will be existent demand for these sorts of barriers if manufactured consequently with low operation costs and purchasing costs to the path circuits all over the universe. It is really easy to still develop the air bag engineering and executions to supply in the market as all sorts of engineering is available already for bettering the safety and guaranting 100 % safety in the grass paths and other similar paths circuits for witnesss, riders and from their machines during the clang.

Tuesday, July 30, 2019

Compare and Contrast The Rocking Horse Winner and The Lottery Essay

THESIS: The two short stories, â€Å"The Lottery† by Shirley Jackson and â€Å"The Rocking Horse Winner† by D. H. Lawrence both use symbols to help the reader understand the theme of the story; however the themes of both stories were completely different, one about love the other the lack of love. In â€Å"The Lottery† and â€Å"The Rocking Horse Winner† both authors use symbols to help convey the central message of the story to their readers. In â€Å"The Lottery†, Jackson uses the black box to symbolize the villagers’ connection to the tradition of the lottery. â€Å"The original paraphernalia for the lottery had been lost long ago† The villagers were willing to let some parts of the lottery change but never question why or even think about changing the lottery itself â€Å"The black box grew shabbier each year†. Falling apart but villagers show no interest in replacing it The Black box had no significance the rest of the year and could be found in several different locations throughout the town In â€Å"The Rocking Horse Winner†, Lawrence uses the whispering house and the rocking horse to show how greed gets you nowhere. â€Å"There must be more money† The house spoke of it often, usually when the children received things that they knew that the family could not afford. They had servants but no car of their own, because they were poor. Paul thought he could stop the house from whispering if he could win enough money. After giving his mom all of his earnings the house simply got louder. â€Å"The voices in the house went mad† This scared Paul and made him want to get more money. He could no longer hear from the rocking horse. This made him ride it faster and longer. In the end Paul died trying to quiet the whispers in the house. While both authors used symbolism to convey the message of their stories the themes of the stories could not have been more different. In â€Å"The Lottery† the theme of the story is the lack of love shown by the villagers The villagers follow custom with no questions asked The villagers are not willing to give up the customs They are teaching lack of compassion to the next generation The theme in â€Å"The Rocking Horse Winner† is love. Paul loves his mom so much he is desperate to prove himself lucky and perhaps this would make her love him. Paul was angered by his mother not believing that he was lucky and set out to prove her wrong. Paul risks himself to give her what she needed, money. He sacrificed his own life for his mother. Paul gave his mother all of his earnings because he thought he could always get more. He then stopped having all the answers and lost money. He rode his horse nonstop until his ultimate death. When people hear the word â€Å"lottery†, their minds usually turn to positive things and most likely the chance of winning something such as money. The title â€Å"Rocking Horse Winner† would make readers think that this story would be about a child winning a rocking horse. From the simple titles alone, most readers would think that these stories would have a positive outcome. They both draw you completely in and turn out to have a much different ending than you would imagine. The two short stories, â€Å"The Lottery† by Shirley Jackson and â€Å"The Rocking Horse Winner† by D. H. Lawrence both use symbols to help the reader understand the theme of the story; however, the themes of both stories were completely different, one about love and the other about the lack of love. In â€Å"The Lottery† and â€Å"The Rocking Horse Winner,† both authors use symbols to help convey the central message of the story to their readers. In â€Å"The Lottery,† Jackson uses the black box to symbolize the villagers’ connection to the tradition of the lottery. The black box was not the original box that was used for the lottery and was old and worn down. â€Å"The box grew shabbier each year† (par. 5) but the villagers showed no interest in replacing or fixing it. Many of the old traditions of the lottery had been abandoned, but for whatever reason the lottery was still held each summer without questions from the villagers. Even though â€Å"the original paraphernalia for the lottery had been lost long ago† (par. 5) and many of the customs had been abandoned or changed to suit the needs of the growing town, the villagers were unwilling to change or even question giving up the lottery itself. The black box had no significance the re st of the year in the town. It could be found in several different locations throughout the town. In â€Å"The Rocking Horse Winner,† Lawrence uses the whispering house and the rocking horse to show how greed gets you nowhere. When the children in the story received gifts that their family could not afford, the house would whisper â€Å"there must be more money† (par. 5). The family seemed to outsiders to be well off because of the house they lived in and that they had servants, but they had no car. Paul thought that he could stop the voices in the house if he could just make enough money gambling. After he gave his mom all of his winnings, the voices in the house only got louder and â€Å"the voices in the house suddenly  went mad† (par. 176). This scared Paul and only made him want to get more money, but he suddenly could not hear the winner from riding his rocking horse. Paul began to ride his horse longer and faster than ever before. In the end Paul, dies trying to quiet the whispers in the house. While both authors used symbolism to convey the message of their stories, the themes of the stories could not have been more different. In â€Å"The Lottery,† the theme of the story is the lack of love shown by the villagers. The villagers were all willing to follow the customs of the lottery without asking any questions. Even when Mrs. Hutchinson was chosen as the person to be stoned, she never once asked why or tried to get out of it; her only defense was â€Å"it wasn’t fair† (para.50). The village people were willing to give up most of the original traditions of the lottery but not the lottery itself. Several of the other towns had already stopped doing the lottery, but in this town the peoples’ only defense was â€Å"there’s always been a lottery† (para. 31). The villagers were teaching lack of love and compassion to the next generation. Even Mrs. Hutchinson’s own son was given rocks and took part willingly in stoning his own mother to death. The theme in â€Å"The Rocking Horse Winner† is love. Paul loves his mom so much he is desperate to prove himself lucky and perhaps this would make her love him. Paul is angry when his mother does not believe that he is lucky and sets out to prove her wrong. He risks himself to give her what she needed, money. He sacrificed his own life for his mother. Paul gave his mother all of his earnings because he thought he could always get more. He then stopped having all the answers and lost money. He rode his horse nonstop until his ultimate death. In â€Å"The Lottery† and â€Å"The Rocking Horse Winner,† both stories use different symbols to help the reader to understand them, even though the themes of both stories are completely different. One story tells about the lack of love and compassions shown by villagers to each other, and the other tells about the love a boy has for his mother. Lawrence and Jackson were both able to use symbolism to effectively add depth and richness to their stories. References Lawrence, D.H. (2013). â€Å"The Rocking Horse Winner†. In Kennedy, X.J., & Gioia, D. (Eds.), _Literature: an introduction to fiction, poetry, drama, and writing_ (pp. 234-245). Upper Saddle River, NJ: Pearson Education Inc. Jackson, S. (2013). â€Å"The Lottery†. In Kennedy, X.J., & Gioia, D. (Eds.), _Literature: an introduction to fiction, poetry, drama, and writing_ (pp. 250-256). Upper Saddle River, NJ: Pearson Education Inc.

Richard Iii and Looking for Richard

Context results in historical and topical info around a certain point in literary work. Every text promotes values import. For indiv. And groups. RIII Wanted to prove legitimacy of Queen E’s rule- ’validity of her claim to throne’ –Divine right Context: Relatively peaceful, S makes R a devil and usurper to legitimise Eliz. Claim to throne. People were aware of RIII& Tudor’s overthrow of Platagenets, therefore play is dramatisation of actual events. Audience related to the values in the play-divine right, treatment and place of women, good&evil, religion.Nobles spoke in Iambic P, whilst servants spoke in rough prose, this was real, therefore made sense to the audience, everyone loved the theatre. â€Å"An honest tale speeds best, being plainly told† LFR grows from this, both demonstrate the intrinsic relationships between contexts and compositions of texts. King Richard III and Looking For Richard directly relate to historical and social conte xts respectively, social drawing on historical’s challenge to the context in which it was written.Shakespeare’s play was crafted in a difficult time of political and religious adherence. Shakespeare’s portrayal of Richard focuses on his devilish and Machiavellian nature. Machiavelli’s The Prince teaches that an adept ruler should aim to achieve power at any cost. Richard is a Machiavel; he calls himself a devil, ‘Thus like the formal Vice, Iniquity, I moralise two meanings in one word. ’ LFR ‘While some key values are explored, many are unique t the 1990’s’ The film and it’s immediacy & accessibility had replaced theatre, resulting in film.Ap’s perception was that cultural & societal obstacles prevented US from coming to appreciate Shakespeare. Scholars have made S seem too difficult-actors have impression that they can’t perform as well as their Eng. Counterparts. AP’s juxtaposition of the two texts and their contexts provided political insights into both time periods, and the autocratic/democratic societies. Critical reflections of ideologies. He presented autocratic nature of Eliz. society and questions whether Shak. could be democratised. Values are materialism and economism.

Monday, July 29, 2019

Air Pollution and Public Health Essay Example | Topics and Well Written Essays - 1250 words

Air Pollution and Public Health - Essay Example This research paper informs us that the state of public health in the recent years has decreased with increased cases of respiratory, heart and cancer cases on the rise in the United States and other countries across the world. This is particularly the case among the young and the elderly. In addition, exhaust from buses, cars and trucks contribute to the amount of green house gases in the atmosphere. This has led to global warming which has in turn brought about negative effects on health and the climate. Climate change due to global warming has seen temperatures rise leading to death of hundreds of people for example in Chicago due to heat wave. Further, global warming has led to return of diseases such as malaria that for a long time did not occur in United States. Droughts, hurricanes, storms are on the rise due to global warming. According to statistics, air pollution has contributed to 440 deaths each year. Healthcare facilities are increasingly reporting cases of asthma, bronc hitis, heart attacks and cancer. This is highly attributed to pollution particularly air pollution caused by the transportation industry. Exhaust from cars and related industries have contributed to increased levels of dangerous fumes and gases that have in turn greatly affected the state of public health. This study examines ways in which the transportation industry has contributed to poor public health through air pollution. The study will also suggest ways through which air pollution due to cars on the road can be reduced.... Further, global warming has led to return of diseases such as malaria that for a long time did not occur in United States. Droughts, hurricanes, avalanches and storms are on the rise due to global warming leading to more deaths of people around the world (Sierra Club 2). According to statistics, air pollution has contributed to 440 deaths each year in different ways. In Liberia, the well-being of the residents of Monrovia metropolitan area is threatened by air pollution. The ministry of health has recorded an increase in cancer and respiratory ailments in the past two decades. Increase in air pollution in Monrovia is attributed to the second hand cars imported into the country. Most of these vehicles are more than eight years old and significantly contribute to air pollution. Moreover, Liberia is one of the few countries in the world that still uses leaded gasoline. This has serious health repercussion on the population with increased cases of cancer. This is not helped by lack of st ringent environmental laws to protect the people against the effects of air pollution due to second hand cars and leaded gasoline (Nyepon para. 3-7). Of all the cars in use today across the world, light trucks and particularly the SUV is considered the biggest contributor of green house gases in the atmosphere. It emits 47 times more air pollutants than the average car contributing more than 20 percent of the total US carbon dioxide pollution. Despite the US government move to reduce the number of fuel guzzlers on the road, the number of SUV’s on the roads has increased. This is because the SUV is treated as a light truck meaning they are not held up to strict environmental standards as other cars. Light trucks were excluded as they were used to do manual work such as carrying

Sunday, July 28, 2019

The Importance of Sales Force for Promoting the Business Activities Assignment - 2

The Importance of Sales Force for Promoting the Business Activities - Assignment Example This research will begin with the statement that Saxon Plumbing Services London Ltd (SPSL) is a plumbing service providing company established in the year 2000. The business operations of the company are directed by two brothers who are Peter Blair and Harvey Blair. There are around 40 employees working for the company. It is located in South London offering plumbing services to small as well as medium-sized retailers, insurance companies and manufacturers. The company possesses a better image and provides superior quality products or services in the market segments. In this respect, it has been observed that the gross profit of the company is around  £1.2 million.   SPSL with its new office in Manchester is required to adopt certain promotional techniques with the objective of executing its business activities in an efficient manner. Moreover, the company has adopted promotional tools such as website, newspaper and word-of-mouth communication. In this regard, the company has pro posed to adopt business-to-business (B2B) marketing with the intention of developing the healthier relationship with its customers. Moreover, the company has planned to acquire B2B with the aim of building the better relationship with its clients and customers. In future, the company also might decide to acquire Business-to-Consumer (B2C) marketing with the intention of improving the effectiveness of their business activities. SPSL with the utilization of the sales force will be able to develop the better relationship with clients or customers. The company with the assistance of sales force will be effective in conveying the message of the company as well as in building an enhanced image in the market segments. The incorporation of the sales force will assist the company in communicating with customers as well as acquiring important information in relation to their attitude towards the products or services of the company. The sales force will enable SPSL in developing and maintainin g a healthier relationship with customers.

Saturday, July 27, 2019

Company Sustainability CritiquBMO Financial Group Essay

Company Sustainability CritiquBMO Financial Group - Essay Example The third generation corporate social responsibility enveloped everything and every activity an organization is involved in or can be involved. This included the credibility of the processes and practices, reporting and measuring, integration of various disciplines, sustainable financial development, developing sustainable values and systems, strategies and visions of the organization and its overall structure. It included stakeholders and sustainability of environment and business. This critique is primarily based on the â€Å"2010 Corporate Responsibility Report and Public Accountability Statement†. The organization has been keeping track of each and every aspect of business that can directly or indirectly affect the community, environment and stakeholders. This has been identified as a major strategic vision for the sustainability of the business. The organization claims to evaluate each and every aspect of the business decision and the probable impact on the communities an d the major stakeholder of the same. The company is involved in integrating ESG (environmental, social and governance) factors in all its activities from financial to corporate citizenship3. In this direction, the organization has started publishing detailed corporate responsibility report. It provides information on each decision taken by the company and the probable impact on the environment to its major stakeholders4. Company Sustainability BMO is recognized for the corporate responsibility. There are various indexes and reports of various organizations that have supported the credibility and position of the company on various corporate governance and ethical issues. The company has been recognized for its corporate social responsibility by the esteemed performance indexes like Dow Jones sustainability North America Index, Jantzi Social Index, FTSE4Good Series Index, Jantzi Maclean’s and Corporate Knights’ Magazine (2003-2007) fifty most responsible corporation in C anada. The company has committed to its corporate responsibility and sustainability objectives. The company has identified various areas with sustainability challenges and collaboration where bank can intervene and work towards maintaining sustainability. Company has incorporated the sustainability objectives to its core values, governance structures and code of the conduct. The business policies are developed and implemented within the sphere of the corporate responsibility and sustainability objectives. Company has been consistently involved in the projects and activities that can add value to the sustainability objectives. Governance and Ethics The organization has evolved FirstPrinciples for all the employees that provides them an opportunity or authorizes them to report any incident or aspect that can be against the code of conduct of the business. There are various employees issues like conflict of interests, mishandling of staff by their seniors and other petty issues. Howeve r there has been handful of incidents reported. There can not be any question on the validity of these rights as company has ensured the confidentiality and anonymity to all the employees reporting any issue. Company is committed for the consistent monitoring of regulatory changes and best practices of corporate governance. The timely audit and the feedbacks allow them evaluating the governance practices along with the best practices of

Friday, July 26, 2019

Jordanian Economic System History to Modern day Term Paper

Jordanian Economic System History to Modern day - Term Paper Example This research will begin with the economical history of Jordan. Jordan gained independence in the year 1946 when the United Nations declared the nation Independent from the rule of the British. If we delve into the economic history of Jordan, it becomes clear that Jordan since its independence in 1946 and its takeover by the West Bank has managed to position itself in a prominent place in world economy. Soon after the annexation, Jordan experienced a great level of economic growth in different areas as a result of availability of large arable lands and a large amount of supply of water from West Bank. It is to be noted that it is one of the most flourishing periods in the economy of Jordan. The annexation opened up the doors for economic prosperity for the nation as it now stood to gain an upper hand in agriculture. The country however experienced a slump period in its economy since Israel defeated and took over West Bank and sent the people of Jordan back from West Bank. Jordan suff ered a major set back due to this as it experienced a great deal of loss in terms of resources and materials. The Black September Civil war, that Jordan fought in September of 1970, to quash the Palestine military served to create a major set back for the economic growth of the region. The Black September civil war put a stop to the economical prosperity that the nation faced after the annexation. Soon after recovering from the civil war, the country again got back to its full form and had a stable growth until 1980s.    A Short Lived Boon in 1980    In the 1980s the country had a  considerable  boon in the economy due to the nation's  capitalization on the oil economy. Oil market is one of the biggest commodities in the world today and is mandatory to move industries and promote

Thursday, July 25, 2019

Financial deficit Essay Example | Topics and Well Written Essays - 750 words

Financial deficit - Essay Example In the year 1886, British North America debt charges were amount to 28.9 percent of total government expenditures. Economic growth trends have the potential to influence financial deficits of government budget. Since taxes are one of the major sources of income of the government, increase in tax collection increases government revenues that further help to reduce the fiscal deficit for a financial year. Conversely, at times of economic downturns the government expenditures are found to increase considerably. Financial deficit is a condition when the total expenditures of an entity exceed the revenue generated by it, but excluding any external borrowings. The financial deficit of a government of any country is generally called ‘fiscal deficit’. A government has to prepare a budget which proposes expected revenues and spending for a financial year. If the budget estimates that the overall revenues to exceed overall expenditure for the given financial year, then such budget will have surplus or positive balance which is then termed as budget surplus. On the other hand, when the overall government spending exceed total revenues for given financial year the budget has negative balance and it is called fiscal deficit. The budget surplus is generally invested elsewhere like the government bonds and treasury bills of another country, etc. whereas a budget deficit has to be financed using external borrowings in order to balance the budget. In the past, government debt had incurred almost exclusively for some of great public works such as harbours, canals, ship channels, railways, roads for transport, and so on. In the year 1886, British North America debt charges were amount to 28.9 percent of total government expenditures. During the Rothschild dynasty in the late 18th century, the deficit could only be financed by taking loans

Margaret Newman's Theory of Health As Expanding Consciousness Assignment - 1

Margaret Newman's Theory of Health As Expanding Consciousness - Assignment Example In this theory, Newman redefines nursing as the means of understanding the person in connection to the environment and also as the manner of understanding of consciousness. It is the nurse who should help people to understand and use the potential within to acquire the greater level of consciousness. Newman also describes the relationship between time, space and movement. According to her, space and time are the secular patterns of a person. Both of them have reciprocal relationships. Human beings are continually evolving through space and time, and it displays a unique model of reality (Brown 2011). Newman states that human beings are open to the entire systems of energy in the universe and also regularly interacting with the energy. It is through such environmental interactions that human beings can develop their unique individual patterns. Newman emphasizes the importance of understanding individual patterns. The recognition of such individual patterns amounts to expanding consciousness. The symptoms of diseases depend on individual patterns. Therefore, the diagnostics of the illnesses exists before the signs appear. Thus, the removal of such signs does not alter the individual formation (Newman). In my opinion, Newman’s theory is about a new approach of seeing health and diseases as manifestations of the evolving patterns of the interaction of individuals with the environment. Therefore, diseases should not be seen as separate entities of people’s health. Diseases should be seen as part of the self-organizing process of expanding consciousness instead of viewing them as negative aspects of health. The treatment of diseases should, therefore, shift from the usual treatment of symptoms to a new approach of searching for patterns. The usual role of nursing is addressing the problems of diseases, but the new role should be helping people get in touch with their individual patterns of

Wednesday, July 24, 2019

Security Monitoring Research Paper Example | Topics and Well Written Essays - 750 words

Security Monitoring - Research Paper Example The greatest business threat to business infrastructure may not be in the form of an attack but may well be from an internal attack. In order to have a good security system they have to have a durable and large storage infrastructure. Multiple devices are used to reduce redundantly across the various facilities. Most organization uses PUT AND CUT operations in order to guarantee durability. Applications found in internal I.T include payroll, inventory, Human resource and general ledger, while other ecommerce applications are internet sales and marketing application. Storage infrastructures are vastly sturdy, and most organizations use Amazon S3. Sturdiness objects sustained via quick mending and detection of any redundancy which has been lost. For example, Amazon web services uses Amazon S3 to provide both levels, with evasions which only allows authorized access by the bucket control list. Access control list together with the bucket a control delete and gives permission to penetrat e in certain levels. Thus, the client sustains full control in regards to who have the capability to access their data, enabling them to carry out vital actions the minute a risk is identified. ... This certification gives the declaration that AWS has set up enough controls, which operate efficiently. This helps to authenticate the obligation to provide a world class cloud computing which is secure to both internal and ecommerce I.T applications. However the platforms allow the set up solutions which meet certain requirements for particular organizations. Data has to be transferred; most organizations store their data in an elastic Block store in various physical locations as part of services with no extra charge. Organization use simple database to prevent unauthorized access. The domain level controls which are provided by a simple database APIs which only allow an access which has been authorized by the domain creator. In order to have access to the database the data has to be controlled by the client (Martin p 246). All subscribe have full access of the system once she/he is authenticated a self-regulating access control listing which maps the domain to their respective to user controls. Encrypting data before sending it is another method used by the organization to safeguard data which is sensitive. In order, to save data from internal applications and other ecommerce applications, I would suggest that internal applications should operate in different databases to ensure that they do not share the same database. This will safeguard internal data against the third party, using firewalls would assist in preventing penetrates and hackers form organizations database. The rationale behind security in Internal and external applications is to have all the data secured and also ensure that clients who purchase goods online conduct secured transactions. In conclusion, web services are created to achieve set designs, which entails

Tuesday, July 23, 2019

Evaluate two articles on voter turn out. Articles will be uploaded Essay

Evaluate two articles on voter turn out. Articles will be uploaded - Essay Example s has been decreasing as well such that in the mid sixties 2.4 out of every 1,000 women over the age of 20 belonged to the League of Women Voters while this ratio decreased to 0.79 per 1,000 in 1988 (p. 653). Overall, this indicates that interest in the political process is decreasing with decreasing voter turnout since the sixties being a symptom of this phenomenon. The study in question attempts to gauge the effects of personal canvassing, telephone calls and direct mail on voter turnout while improving on gaps in previous research on the issue. It has been indicated that previous research on the issue is not credible because the sample sizes used were too small to provide strong generalizations. Previous research had sample sizes of between 200 and 500 respondents resulting in confidence levels of 95% with a variation of twenty percentage points (p. 654). In contrast, the current research has a sample size that is at least 100 times as large as previous research and excludes students because they are used for personal canvassing in this research (p. 655). The study is based on three types of intervention namely personal canvassing, telephone calls and direct mail that the researchers have labeled as treatments. The total size of the sample size was some 29,380 people selected at random from various neighborhoods around the city. The control groups were not provided any treatment at all while certain groups were provided one or more treatments (p. 655). Certain people demarcated for treatment who could not be reached (such as through phone calls) were shifted over into the control group because they met the criteria of the control group better than that of treatment. This shift of data tends to give this study a more realistic picture of intervention because previous studies have largely failed to accommodate such changes (p. 654). However, in assigning certain groups more than one treatment the research has moved into multivariate analysis that could not be

Monday, July 22, 2019

Wine project Essay Example for Free

Wine project Essay Moderate cool climate, annual average temperature 10 Celsius. Valleys can be very rainy and windy. Soil Composition Very Calcareous soil, limestone. The soil has perfect balance between permeability and the ability to store humidity from the rain in case of drought. Type of wine A dry sparkling Champagne. Character of the wine Fresh and complex. Has a taste of green apples and nuts. Food Harmony Pol Roger is good with for example oysters and caviar. The saltiness goes very well with the freshness of the champagne. Also nutty cheeses like Edam goes well with the nutty taste of this exclusive Champagne. This match can be too strong for some consumers, while others find it an interesting match. Commercial argumentation One of the best champagne there is with a blend of Pinot Noir and Chardonnay. Pol Roger is not only a wine, it is the gentlemen’s champagne, it gives the consumer a feeling of high excellence. As Winston Churchill would have put it â€Å"In victory, deserve it. In defeat, need it! † The vintage of 2000 is the most popular at the moment, an excellent harvest year. It has a great structure, maturity and perfectly dry. It also has a freshness that makes it a perfect choice for example appetizers like oysters and caviar. Also a good wine to match with dishes containing shellfish, fish or light meat. Cost Sales price Cost sales price: 1149 SEK=132,4 â‚ ¬, sales price 132,4*3=397 â‚ ¬ References Climate Conditions. (2010). Retrieved on August, 19th, 2013, from Systembolaget: http://www. systembolaget. se/Dryckeskunskap/Kartboken/#/kartboken/europa/frankrike/champagne/ Soil Composition. (n. d. ). Retrieved on August, 19th, 2013, from Sunny Brown, Winegeeks: http://www. winegeeks. com/articles/139 Character of the wine. (2010). Retrieved on August, 19th, 2013, from Systembolaget: http://www. systembolaget.se/Sok-dryck/Dryck/ Cost Sales Price . (2010). Retrieved on August, 19th, 2013, from Systembolaget: http://www. systembolaget. se/Sok-dryck/Dryck/ NAME Chateau Le Pin 2007 Country France Region Right Bank, Bordeaux Subregion Pomerol Village Libourne Estate vineyard Chateau Le Pin Grapes varieties Merlot Climate Conditions Maritime climate, but with warmer summers and colder winters. Sometimes risk for Spring frosts. Soil Composition Clay and silt. A layer of sand covering mainly clay soils. Type of wine Red medium body Character Slightly herbal with a light style. Food Harmony. Goes well with Lam Racks with a cranberry sauce. The fruitiness of the wine and the sauce will make a good match and red medium body will be a good match for Lam Racks. Medium Pasta with tomato sauce with parmesan cheese (not creamy), the wine is soft and goes well with savoury flavour of parmesan. To be on the safe side a softer cheese than a hard cheese as parmesan could be chosen to the pasta. The high umami and saltiness in Parmesan can sometimes counteract the impact of umami of the wine. Commercial argumentation This medium body Merlot wine is one of the most exclusive on the market. This small Pomerol-vineyard (2,7 hectares) makes only a limited amount of wines per year and is known to be one of the world most prestigious vineyards. The vintage of 2007 in Bordeaux had an excellent harvest. It is a wine for consumers with the highest demands on taste and especially exclusivity. It goes well with pasta (not creamy sauces) and with lighter meat. It has a fruitiness that makes it go well with red fruit accompaniments. The exclusivity of the wine makes it a good choice to drink on its own or accompanied with only one cheese, maybe a hard savoury cheese like parmesan. Cost Sales price. 1200â‚ ¬ 1200*2+1600â‚ ¬ References Climate Conditions. (2010). Retrieved on August, 20th, 2013, from Systembolaget: http://www. systembolaget. se/Dryckeskunskap/Kartboken/#/kartboken/europa/frankrike/ Soil Composition. (n. d. ). Retrieved on August, 20th, 2013, from Sunny Brown, Winegeeks: http://www. winegeeks. com/articles/139 Character of the wine. (2013). Retrieved on August, 20th, 2013, from Bordeaux Traders: http://bordeaux-traders. com/fine-wines/wine/le-pin/ Food Harmony. (2013). Retrieved on August, 20th, 2013, from Fiona Beckett: http://www. matchingfoodandwine. com/news/pairings/20080226/. Food Harmony. Wine Spirit Education Trust. (2011). London â€Å"Wines and Spirits – Looking behind the label†, pages 6-8. Cost Sales Price . (n. d. ). Retrieved on August, 20th, 2013, from Winesearcher: http://www. wine-searcher. com/find/le+pin+pomerol/2007 NAME La Tache 2005 Country France Region Bourgogne Subregion Cote de Nuits De la Romanee Conti Village Vosne-Romanee Estate vineyard La Tache Grapes varieties Pinot Noir Climate Conditions Sunny, becalmed Soil Composition Limestone ridges together with clay Type of wine Red, complex Character of the wine Full body with a strong and powerful character. Food Harmony The food you are matching with a wine usually have a larger impact on the wine rather than the other way round. Therefor when consuming very exclusive wines like this it can be a good idea to rather match it with finger food rather matching it with food dishes. This wine is worth to be the centre of attention. The interesting thing with complex wines is that you can get the most amazing flavours when matching with the right dish. It is hard to know exactly before you match it how the reaction will be. Therefore it can be interesting to match this wine with finger food. Here are some examples that the finger food can contain of: The full body of the wine makes it go well with red meat (steak) or game meat. It would be nice to match this wine with some salty chips or peanuts. The saltiness will help soften this complex full body wine. Some finger food with acidity could be interesting that may be able to increase the fruitiness and sweetness in this wine. I can also help to decrease the perception of acidity. Commercial argumentation La Tache is well known Vineyard on the sunny ridges of the Cote de Nuis Valley that over the years produced a lot of high quality wines. This red Pinot Noir wine is a complex wine from the great harvest of 2005. The character is strong and powerful which makes it an excellent choice for red meat and game. It is a very exclusive wine that can be stored for a long period of time, but is also good to drink now. Cost Sales price 3800â‚ ¬ *3=11400â‚ ¬ References Climate Conditions. (2010). Retrieved on August, 20th, 2013, from Systembolaget: http://www. systembolaget. se/Dryckeskunskap/Kartboken/#/kartboken/europa/frankrike/bourgogne/cote-de-nuits/ Soil Composition. (2010). Retrieved on August, 20th, 2013, from Systembolaget: http://www.systembolaget. se/Dryckeskunskap/Kartboken/#/kartboken/europa/frankrike/bourgogne/cote-de-nuits/ Character of the wine. (n. d. ) Retrieved on August, 20th, 2013, from Divin DRC RESEAUCONSEIL: http://www. vin-drc. com/fr/69-la-tache-2005. html Food Harmony. (n. d. ) Retrieved on August, 20th, 2013, from Divin DRC RESEAUCONSEIL: http://www. vin-drc. com/fr/69-la-tache-2005. html Food Harmony. Wine Spirit Education Trust. (2011). London â€Å"Wines and Spirits – Looking behind the label†, pages 6-8. Cost Sales Price (n. d. ). Retrieved on August, 20th, 2013, from Divin DRC RESEAUCONSEIL: http://www.vin-drc. com/fr/69-la-tache-2005. html NAME Carneros district Mondavi 2010 Country USA, California Region Napa Valley Subregion Carneros Village Oakville Estate vineyard Robert Mondavi Grapes varieties Pinot Noir Climate Conditions Long hot and dry summers with cool fogs, mild winters Soil Composition The grapes are grown on the famous terroir Rutheford Bench, which contains of Gravel, sand, silt and clay. The terroir is made of various size of sediment. Type of wine Red, sweet Character of the wine Crispy acidity with a tight structure. Fruity for being a Pinot Noir. Food Harmony Food harmony can be achieved by pairing this wine with dishes with hint of spice like crispy duck with some roasted beetroot. The sweetness and fruitiness goes very well with the spices. The wines fruitiness could also be accompanied with some combination of figs or cherry. Commercial argumentation This Californian wine made of Pinot Noir is an affordable wine with a good price. The estate of Robert Mondavi situated in Napa Valley is well known for its long term good quality wine. Napa Valley region is known to produce a lot of the best wines from USA. The long, hot and dry summers and mild winters makes this a safe choice that next to never makes the consumer disappointed. Easy to match with food, which makes it perfect to share a bottle when customers are eating different kinds of food. Dishes with high umami is usually hard to match with red wine. Because of the sweetness and fruitiness of this wine it can be a good alternative for those kind of dishes, like mushrooms, smoked meat and hard cheeses. Cost Sales price 27$=20,3â‚ ¬ 20,3â‚ ¬*3=61â‚ ¬ References Climate Conditions. (2010). Retrieved on August, 21st, 2013, fr. Systembolaget: http://www.systembolaget. se/Dryckeskunskap/Kartboken/#/kartboken/usa/kalifornien/north-coast/ Soil Composition. (2010). Retrieved on August, 21st, 2013, from Systembolaget: http://www. systembolaget. se/Dryckeskunskap/Kartboken/#/kartboken/usa/kalifornien/north-coast/ Character of the wine. (n. d. ). Retrieved on August, 21st, 2013, fr. Robert Mondavi: http://www. robertmondaviwinery. com Food Harmony. (2013). Retrieved on August, 21st, 2013, from Fiona Beckett: http://www. matchingfoodandwine. com/news/pairings/the-best-food-pairings-for-pinot-noir/ Food Harmony. Wine Spirit Education Trust. (2011). London â€Å"Wines and Spirits – Looking behind the label†, pages 6-8. Cost Sales Price. (n. d. ) Retrieved on August, 21st, 2013, fr. Robert Mondavi: http://www. robertmondaviwinery. com/index. cfm? method=pages. showPagepageID=5a5722bc-cc11-fb4f-713e-d64406fbae0csortBy=DisplayOrdermaxRows=12page=1 NAME Laurent Perrier Grand Sicele Country France Region Champagne Subregion Tours-sur-Marne Village Epernay Estate vineyard N/A Grapes varieties Chardonnay slightly dominant together with Pinot Noir Climate Conditions Mild climate, rainy, windy with average temperature of 10,5 Celsius. The weather can be vey different from year to year. That is the reason why many Champagnes are a blend from different vintages, grapes and vineyards. Soil Composition Very Calcareous soil. The soil has perfect balance between permeability and the ability to store humidity from the rain in case of drought. Type of wine A dry Champagne with bright yellow colour Character of the wine A round and well-balanced wine with a character. Expressive aromas of white flowers and tropical fruits. Food Harmony Laurent Perrier Grand Sicele is good with for example oysters and caviar. The saltiness goes very well with the freshness of the champagne. â€Å"Mild slightly chalky cheeses can work well. The classic example is Chaource, a cheese which is often paired with champagne but a mild but flavourful cheese like Gorwydd Caerphilly is good too. Very mild cheese like Mozzarella is an undemanding but also slightly uninteresting match†. Commercial argumentation The roundness and taste of white flowers in its beautiful seductive bottle makes it a perfect choice for romantic celebrations. It is seductive with its fresh aromas of white flowers and fruitiness. Even though it is dry it can be a good match with unsweetened strawberries, but also a good match

Sunday, July 21, 2019

History Of Danish Furniture Design Cultural Studies Essay

History Of Danish Furniture Design Cultural Studies Essay Scandinavia is generally well-known for its design represented by pure and simple lines which is focusing on users needs. Nowadays people generally meet with design from north mainly in IKEA store however this is only one direction which was developed from Scandinavian Modernism with its origin in 1920 as Fiells (2002, pp. 8,16,18) explain. Denmark as one of the Scandinavian country also excels in design and especially in furniture objects. For example name as Arne Jacobsen speaks for success of Danish furniture design from 1950s and 1960s as this period has been so far the most celebrated (Danish Design Centre, 2009) not only among Danes. However does this affirmation automatically leads to a conviction that the same can be asserted about Danish graphic design? It should not be a matter of fact to consider that product design and graphic design are developing the same and therefore they need to be on the same level. These two disciplines are not identical to which heads an attitude that Danish graphic design is in the shadow of Danish furniture design. To advance towards to the design situation in Denmark this work will concentrate on development of these two art disciplines from their beginnings through the contemporary works up to the young artists and companies who supposedly can form the future of the furniture and graphic design in Denmark. 2. HISTORY OF DANISH FURNITURE DESIGN To better understand why Danish product design and specially furniture design became internationally rather well known than the graphic design, in the first following paragraphs will be described certain parts of the history which had an impact on the development of design in Denmark. Furthermore these two areas of design will be firstly analysed separately based on historical consecution which caused future international success or failure of these disciplines. One of the most iconic design from Denmark according to Fiells (2002, p. 30) which brought fame to Danish furniture design is a chair number 3107 created by Arne Jacobsen. However before all of the achievements of this talented man can be enumerated, much more have to be described from the history of Denmark. Fiells (2002, pp. 20,22) indicate that Danish tradition of craftsmanship go down back up to the Viking Age when Danes learned how to process existing materials for producing objects for everyday use. With such deep history of craftsmanship, they were able to learn how to create quality made products. Nevertheless the production of industrial design absolutely began at the end of eighteenth century by foundation of Royal Copenhagen Porcelain Manufactury. During many years Danes were influenced by various elements but the main principles always stayed the same. Function, beauty and good choice of material can be found in almost all designs which were created in Denmark even tens y ears ago. The Authors who are engaged in the theme of Scandinavian design (Fiells, 2002, p. 23; Bhaskaran 2005, p. 168) clarify that all these elements formed in late 1930s art movement Danish Modernism which is a part of Scandinavian Modernism and last up to the present days. 2.1 Kaare Klint Since there are many significant designers in the history of Denmark it is impossible to mentioned all of them. Therefore only the most important names which moved Danish design forward will be presented. As Fiells (2002, p. 352) assert, Kaare Klint was the first furniture designer who accentuated the importance of proportions of human body with a design of chairs. With his students at Royal Danish Academy of Fine Arts in Copenhagen at the furniture department he examined previous styles in order to develop better objects which would satisfied user even more. This different approach towards a process of designing helped him for example to create in 1933 the Deck chair (figure 01). This specific rest chair let to relax head due to added pillow or legs by movable lengthening part. By his unique attitude Klint influenced many of his students and moved Danish furniture design to another level. Furthermore as Fiells (2002, p. 23) emphasise since the days of Kaare Klint the origins of Dani sh and Scandinavian Modernism can be dating. 2.2 Poul Henningson designer of PH lamps In relation to the iconic Danish design objects, the PH lamps (figure 02) need to be involved. PH stands for the name of Poul Henningson who produced during his life more then 100 projects of lights as Fiells (2002, p. 243) indicate. Henningson as Klint also came with new approach, however not to the design of furniture but to the lightning. As Fiells (2002, p. 26) point Poul Henningson demanded a new view to the design. With an invention of light bulb the designer himself argued (Louis Poulsen Lighting, 2008) that not many lamps creator knew how to design pleasant artificial light. Henningson studied stages of the daylight and tried to applied found knowledges to his design of lightening. As Fiells (2002, p. 242) emphasize, Henningson was able to create set of lamps with shadings and coloured edges which did not illuminate the room by direct light. He was one of the first who required to design products for everyday use which can be bought not only by high classes of society in Denm ark but by everyone. Therefore while Klint was producing his furniture in few pieces from each design, Henningson started to manufacture his products massively. As Lauritsen (2004, p. 128) indicates the dark winter in Denmark forced people to use artificial lightning. Because of long dark evenings and affordable prices, it is supposed that PH lamps became very popular among Danes. In addition due to the well-developed concept and modern design, Henningsons lightings became a cult design object which is well-known in Denmark as well as abroad. 2.3 Arne Jacobson the most iconic Danish designer However the designer who brought most fame to the Danish design in general and whose works continue to be produced and sold successfully all over the world was still not mentioned. His name is Arne Jacobsen and as Fiells (2002, p. 296) assert, he is known for being the most famous designer and architecture creating in the middle of the twentieth century in Denmark. In area of architecture according to Byars (1994, p. 277) Jacobsen was inspired by European architects such as Le Corbusier or Ludwig Mies van der Rohe. Due to this influence, in late 1920s he was the first who introduced Functionalism to Denmark by his project House of the future. Nevertheless this was only the beginning of his all achievements. Between the years 1958-1960 Jacobsen was in charge of a construction of SAS Royal Hotel in Copenhagen. But Jacobsen was not responsible for the building only as a architect but also as a designer of interior including furnishing from chairs to door handles. Comparing design of the building with the furniture and other objects which were created mainly for the guest rooms and lobby, Jacobsen succeeded more as a designer then an architect. The building of the hotel (obrazek) is identified by straight lines and cannot be overlooked mainly because of its heigh. Even Jacobsen himself admitted (Republic of Fritz Hansen, 2009) that many people who saw the building did not like its architecture. The furniture with its most famous Swan and Egg (figure 03) chair originally compete to the exterior by rounded lines. Regarding the design of mentioned Egg chair, few literature exploring design of products (Phaidon Design Classics 334-666, 2006, pp. 493,513; Byars, 1994, p. 277) claim that the firs t concept of this chair was resembling to the creation of Norwegian designer Henry Klein. Warning which was sent to Jacobsen need to be taken positively because he was forced to improve the Egg chair with futuristic rounded shapes of shell which made the design timeless. In addition Jacobsen designed also the Swan chair which creates the remaining part of the couple. As Fiells (2002, p. 302) emphasize, these two design objects were not significant only in the  hotel lobby and rooms but later on for furniture design generally. However the Swan not even the Egg chairs are still not the most famous. Before Arne Jacobsen started to work on project for SAS he designed the Ant (figure 04) and the Series 7 (figure 05) chairs. The Ant chair which was designed firstly in the year 1952 created big design attention when was introduced to public, as Heaths and Jensen (2000, p. 160) clarify. Moreover in 1955 Jacobsen presented developed version of the Ant chair the Series 7 chair, known also as a chair no. 3107 which Fiells (2002, p. 30) describe as one of the best-selling chairs of all-time, but also one of  the most iconic products of Danish design. With the first fabrication of the Ant chair is engaged a  story when Arne Jacobsen came to the front manufacturer Frintz Hansen with a  plea for a  production of his design. Unfortunately Hansen refused his request because of the high expenses for output. However he would offer him a cooperation but only if Jacobsen found a purchaser for his order. As Bo Rasmus sen (konggullerod, 2006), a factory manager of Fritz Hansen tells, Jacobsen found a costumer with demand after 300 chairs and the production could start. This anecdote clearly shows that behind the success of Jacobsens chairs is not only modern design but also a luck. Another statement pointed by Heaths and Jensen (2000, p. 113) which can clarify the success of the Ant and the Series 7 chair is its lightness and storage ability. This made the product easy to export and helped to spread this furniture out of Denmark and become known internationally. 2.4 Verner Panton designer of one-piece chair The last dominant designer who will be introduced in the next paragraphs, took completely different approach to the design of furniture than all mentioned artists above. Verner Panton, as Dickson (2006, p. 265) indicate, tried to use different materials than wood or leather, for example plastic. He was also avoiding natural colours and rather preferred colours such as red, yellow, purple or blue. As Byars (1994, p. 424) describe, before Panton started to work on many of his psychedelic furniture he was a part of Arne Jacobsens studio where he got a chance to be present in development of many well-known objects such as mentioned Ant chair. As Dickson (2006, p. 267) asserts, although Panton studied in Denmark and was surrounded by its design his gamesome fantasy and admiration for future were reflected in his work so dramatically that no company in Denmark was able to manufacture his projects. Therefore he decided to leave to Switzerland and to cooperate with Vitra company which had necessary technology to produce his most famous Panton Chair (figure 06). This iconic design object was long time in process before it could come to the production in 1967. While this chair was interesting for not having back abutment and for its utilization of a plastic with which there was not much experience, this design was created only from one piece, as Dickson (2006, p. 267) emphasized. These reasons and facts made Panton design world famous and contributed to the larger admiration of Danish product design. 3. HISTORY OF DANISH GRAPHIC DESIGN TILL 1960 In relation to all mentioned famous design products from Denmark, the Danish graphic design history also need to be mentioned to compare achievements of these two areas. 3.1 Thorvald Bindesbà ¸ll first Danish graphic designer According to Ejlers (1997, pp. 58-59) the first artist who can be signed as a graphic designer was an  architect and product designer Thorvald Bindesbà ¸ll. Number of his works in area of graphic design is not extensive however for the Danish graphic design history there is one work which need to be mentioned. Architect Bindesbà ¸ll designed a logo and a label for Danish famous beer Carlsberg (figure 07) in 1904. Folkmann (2007) emphasizes that until then most of the graphic works produced in Denmark adapted typefaces mainly from Germany, except for Bindesbà ¸ll. Although he did not produced much works in area of graphic art he is reputable for the new approach to a design of typefaces. Instead of only accepting offered design from abroad, Bindesbà ¸ll created new type only for Carlsberg which the company with small changes has been using up to this day. This logo and its designer showed new direction to the Danish graphic design. Nevertheless in the course of several years the solution for Carlsbergs logo can be understood similar to typeface of Coca Cola. Although the typeface of Carlsberg does not appear handwritten as Coca Cola, there still can be found certain resemblance which does not make the logo outstanding for its design in the period when most of the letter design where inspired by a handwriting. Generally people are buying beer for its taste not for the logo itself and this is also a case of Carlsberg. Ejlers (1997, p. 61) himself assumes that graphic works of Bindesbà ¸ll usually did not follow any typographic rules because he treated letters as pictures. On the other hand he was the only artist among the famous graphic designers of the first half of twentieth century who achieved to created logo which has been in use both nationally and internationally for more than 100 years. 3.2 Architects in graphic design As was mentioned above, the logo was made by artist whose original profession was an architect. In the article by Ejlers (1997, p. 58), the author discusses a subject about graphic works done mainly in the first half of the twentieth century such as street signs, telephone directories, book covers or posters which where mostly created by architects. This reality could be caused by a fact that in Denmark during the first 50 years of twentieth century were no graphic design schools. As was already written, most of the typefaces where applied from German design therefore there was no need to employ graphic artists. When Carlsberg wished to have an original logo the company asked Thorvald Bindesbà ¸ll however not as an architect but as a graphic designer. Another well known architect and designer Knud V. Engelhart who was creating after Bindesbà ¸ll were influenced by his few works that he produced in the area of graphic design. Ejlers (1997, p. 62) explains that Engelhardts first work s were affected by Bindesbà ¸lls ornamental lettering. While later on he was able to develop his own style which can be seen for example on the typeface design of street signs done for north part of Copenhagen. His successor Gunnar Billmann Petersen, who cooperated with Ib Andersen who as well studied at School of Architecture, was also influenced at the beginning by works of his teacher. All these mentioned artists were sharing their experience and were influencing their successors however they created imaginary closed line of graphic designers which could not be often entered by others. This was true till year 1951 as Dickson (2006, p. 485) describes when Billmann Petersen became a professor of the first Department for Industrial design in history of Denmark at Copenhagens Royal Academy of Fine Arts. Students studying under this department were taught to design posters or typefaces as well as products such as lights or cars. More specialization was achieved in 1959 when the department was divided into the Industrial design programme and the first Graphic design programme leaded by already mentioned Billmann Petersen. Opening of this department gave new possibilities to students and to Danish graphic design in general. 3.3 Comparison with Europe However from comparing a foundation of the first Danish Department of Graphic design with for example German Bauhaus explicitly results how late this department was opened. Arntson (2007, p.  32) indicates that the Bauhaus was founded already in 1919 which shows a difference of 40 years. While the Bauhaus was already influencing not only graphic design but also other areas of art in Europe, Denmark was locked in a line of graphic architects creating one by one. On the other hand to point that in Denmark at the beginning of twentieth century was also another name than Bindesbà ¸ll or Petersen, an artist Valdemar Andersen must be mentioned. As Dickson (2006, p. 497) described, this painter worked also as an illustrator, interior designer or creator of packagings. His art was influenced and inspired mostly by French Art Nouveau which is visible from one of his commercial poster done for the newspapers The Politiken (figure 08) in 1908. His works were ornamental and simply ingenious. The use of colours and decoration elements in Andersens posters makes from him truly artist with feelings for composition. Nevertheless beside the graphic art growing in Europe in the first half of the twentieth century, Danish graphic design was not so courageous. From the works of Danish typeface designers can be remarked that they did not experiment much with the typography such as artist of the Bauhaus or Dadaism. Therefore they were not so remarkable and memorable as for example Guillaume Apollinaire or generally Swiss design. Moreover, if the Danish graphic design history will be compared to the history of Danish furniture design some differences showing backwardness of this art discipline could implicate. When graphic design started to be taught at Royal Academy in Copenhagen in 1959 the furniture design department was already training its students for 35 years. In addition while first students began to form the future of graphic design, Denmark could already be proud of design objects such as PH lamps or Jacobsens Ant chair. Till the year 1959 Denmark was still missing graphic design pieces which could be proudly sent to the international environment. 4. DANISH GRAPHIC DESIGN AFTER 1959 So far the paragraphs above were examining the events from the first half of the twentieth century. To be more precise till the year 1960, except for the Pantone chair which was produced in 1967. During the mentioned period the Danish art of graphic design did not succeed internationally as the  furniture products. Most of the iconic furniture design where created around 1950 while graphic design works were still at the beginning of its development. However when the first graphic department was established Danish graphic design expected improvement within this art area by arrival of new talented graphic designers. 4.1 Claus Achton Friss designer of Kingdom of Denmark To see how the graphic design situation has developed or not after the foundation of the first graphic department, the works of current designers will be introduced. The first artist who will be presented is Claus Achton Friss. Even he established his own studio already in 1950, most of his famous works came into being within next 30 years as Ejlers (1997, p. 71) reported. His design is well-known among Danes because most of them were done for the Kingdom of Denmark, for example Queen Margrethes monogram (figure 09) from the year 1976, embassy sign or national arms. As Ejlers also emphasized (1997, pp. 71-72) Friss was exceptional by his solutions of situations when he missed suitable fonts. He designed his own to fit with the client identity therefore Friss left behind a big amount of fonts. To examine the Queens monogram, as it is one of his most significant work, this design will be compared to monogram of the Swedish and British royal family members (figure 10,11). So far as both of the shown Danish and British monograms are for the queens, Frisss design appeals more feminine then another. The elegance in the design of thin lines suits to women generally more than bold letters. However the British solution shows power and hide femininity which can indicate to a  vulnerability that is a character incongruous with governance. Overall Friss was able to design suitable projects for Danish kingdom to represent itself with dignity which classified him among reputable Danish designers. 4.2 Ole Sà ¸ndergaard designer of pictograms and traffic signs If a good artist was determined by number of prizes, Ole Sà ¸ndergaard would be certainly one of them. Since the 1980 when the IG prizes for Danish graphic designers began to be awarded, from the information given by Schenstrà ¸m (2010) Ole Sà ¸ndergaard has already received six prizes given by Danish Design Centre. Additionally as Sà ¸ndergaard (Ole Sà ¸ndergaard, no date) indicates he was awarded by another 7 prices but only one of them from 1992 the European Community Design Prize was international. Considering the time period when he was working on most of his projects the number of awards should be interpreted as a success for Sà ¸ndergaards works. According to Dickson (2006, pp. 489,496), Sà ¸ndergaard is known in his home country as a designer of pictograms and road signs which he was creating during the last 10 years of twentieth century. Pictograms and all signs generally need to be simple and understandable therefore most of the Sà ¸ndergaards works are mainly simplified forms of symbols which were in the use before 1990. However comparing Ole Sà ¸ndergaards logo design to another graphic designer who was living and creating in the same time but in the different country shows lack of creativity in his works. Jan Solpera is a Czech graphic artist who also studied at university during 1960s as DvoÃ…â„ ¢Ãƒ ¡k (2010) affirms. Solpera was designing logos as Sà ¸ndergaard but on the contrary he participated in projects where he literally played and experimented with typography which is visible from his posters (figure 12). Sà ¸ndergaard on the other hand created technically clean design however with standard quality ( figure 13) where the creativity which would move his design to another level is missing. 4.3 Per Mollerup designer of Copenhagens airport signs Dickson (2006, p.493) suggests that Per Mollerup is also an important part of Danish graphic design since him with his studio was awarded for the Copenhagens airport signage (figure 14). With projects such as information and navigation systems the emphasis is placed on the user and his easier understanding of symbols rather than on a graphic aspect which is also important however it goes to the second place. While Per Mollerup was designing the airport sign he decided to stay with the proven combination of dark background and light lettering as many other airports (figure 15), in his case black and yellow. Therefore he was able to create simple navigation for travellers passing through Copenhagen airport which has been in use already for 20 years, as Dickson (2006, p.493) indicates. 4.4 Bo Linnemann and Kontrapunkt Another contemporary designer which can compete with Ole Sà ¸ndergaard by numbers of received awards is Bo Linnemann. Except approximately 12 prizes from Danish Design Centre, Linnemann received also several international as different sources (Danish Faces, 2007; Schenstrà ¸m, 2010) show. In comparison with Sà ¸ndergaard, Bo Linnemann together with two other partners founded about 25 years ago the Kontrapunkt firm. It is a design and brand company which operates not only in Denmark but also in Japan, as the agency (Kontrapunkt, 2010) reports. Graphic works of Kontrapunkt are distinguished mainly by light colours and simplicity of design solutions which make them appeal purely, modern and minimalistic. The best examples which would represent style of the studio are projects of visual identities for Danish chemists (figure 16) or Japanese Tasaki which produced pearl jewellery (figure 17). It is probably because of Danish liking for simplicity that Kontrapunkt is in charge of design for public places such as Billund airport, Movia transfer, Danish Railways or Copenhagens tourist centre where the Danish graphic design is mediated to tourist and foreigners. 4.5 Graphic and furniture design at the end of twentieth century These mentioned designers has been working in graphic area after the first graphic design department at Royal Academy was established. Even they have created larger amount of works than graphic designers from the line of architects, compared to success of furniture designers this art continuously missing the iconic design as appeared in Danish product design in form of Ant chair or PH lamps. Graphic design works are considerably less imaginative, challenging and playful than the furniture design objects. Although all the design is technically well-done the idea for the design solution is in general standard. Awarded graphic designers such as Kontrapunkt, Ole Sà ¸ndergaard or Per Mollerup, as Schenstrà ¸m (2010) reported, were given repetitively the prizes for commercial projects which were limited in area of creativity. These designers were not awarded for creative works which would allowed them express themselves entirely. But for more serious works such as airport or traffic sign s that need to follow given rules. In general from all presented graphic works and designers can be seen that Danes understand graphic design more as a means for a commercial communication rather then an art tool. 5. FUTURE OF DANISH DESIGN Even nowadays, time is passing faster then ever, the Art cannot become iconic over a night. Designers who were designing their works within past 10 years still cannot be fairly appreciated because society needs to evaluate these arts with some time distance. This statement is supported by the fact that Danish Design prizes for graphic design were not awarded right after the establishment of the first graphic department. It toke 20 years when the first graphic design project was given the IG prize as is known (Danish Design Centre, 2008, p.35) because Denmark had a need of time for graphic designers to gain experience. Artist who were presented in the paragraphs before are according to different mentioned sources so far the best of Danish graphic design. However they cannot be equaled to names such as Arne Jacobsen or Verner Panton as their works are not so iconic as works of Danish furniture designers. 5.1 Young Danish graphic designers and studios With arrival of new technologies, forms of graphic design are changing all around the world. From the end of nineteenth century till almost the end of twentieth one of the most powerful medium was a poster, in general prints. Despite of its previous popularity this medium has being supplied by more digital art such as websites or digital panel and it is presumptive that posters will slowly disappeared (BlaÃ…Â ¾ek et al., 2010). Therefore future generation of graphic designers are adapting themselves to the new call in graphic industry. There are many artists who were influenced by the digitalization and now mainly work with popular computer graphic such as Aastrud Sigrid and Bay Thomas (Worldwide graphic design, Scandinavia, 2009, p. 222) as can be seen from examples of their works for Ford (figure 18). Or Stefan Mylleager (Worldwide graphic design, Scandinavia, 2009, p. 223) who creates mainly motion graphic videos (figure 19) and CD covers. Not only these artists but many other s will probably develop this art direction which is due to the internet and other modern technologies, which spread information quickly and everywhere, a matter not only of Denmark but global. However there is another group of artists which creates in different direction. It could be probably caused by the big digital press that some young designers rather based their creations on handwork, usually in illustrations which are afterwards retouched in graphic programs than only on computers. Some of them can be seen in the publication presenting Scandinavian graphic designers (Worldwide graphic design, Scandinavia, 2009, pp.  222-223) such as Ehlers Sune who illustrates his Duudle creatures (figure 20), brothers Rune and Esben Fisker who create animation videos and illustrations (figure 21) or Thoberk Jakob who worked in Spild Af Tid design studio focusing on different kind of media done by animation or illustration. Another young artist Karina Petersen who is mentioned by Devroye (2010) experiments with typography by different forms of expression (figure 22). All these mentioned designers present new view to graphic design either by digital art or illustrations. Nevertheless most of them express themselves more openly and playfully than the generation before which is the approach that Danish graphic design was missing. Moreover nowadays modern era with its technologies helps present artists easier and faster beyond the borders of Denmark. On the other hand they are facing to large competition in which they have to success. 5.2 Future of Danish furniture design The biggest success for Danish design was in 1950s and 1960s but since this time period Danish furniture products have not achieved such popularity. It seams that designers are aware of this situation because as Danish Design Centre (Danish Design Centre, 2009) remarked, within past several years relatively young companies began to introduce new quality products to the market. Hay is one of the firm which realises that Denmark cannot live only from the fame of previous generation but need to continue and develop. As Danish Design Centre (Danish Design Centre, 2008) also indicates, by cooperation with young artists Hay was able to create successful company with creative furniture solutions only within seven years. Their products such as the Blow chair (figure 23) or the Princess chair respects the elements of Danish Modernism as simplicity, importance of good usage of materials, quality technics of production and focus on user. Furthermore they do not only copy existing products howev er they bring something new and original into the Danish design of furniture. 6. CONCLUSION From the beginning of the twentieth century when the line of architects was working on graphic design projects and not even after the first establishment of the graphic design department. Danes have not been able to create graphic art which would become so iconic as furniture products from 1950s and 1960s. Most of the works were technically well made but missed ideas which would create from them better art then only standard. Comparing Danish graphic design works with others from Europe a lack of creativity can be found in their design solutions. This can be caused by working mostly on commercial projects where the creativity is usually limited by instructions and wishes of client. However this cannot be asserted about the furniture design consisted of iconic Ant, Egg or Panton chairs and PH lamps which are admired and well-sold even after 60 years from the day they were created. The Danish modernism, as the furniture design in Denmark is collectively called, is known for the emphasis on function, the use of simple lines, the focus on good choice of materials and quality production. These principles were consider by Arne Jacobsen in 1950s as well as by designers working on chairs for Hay more than 50 years later. And this is the matter which creates Danish furniture design so powerful. 7. REFERENCES Arntson, A.E. (2007) Graphic Design Basics. 5th edn. United States of America: Clark Baxter. Bhaskaran, L. (2005) Designs of the Times. Translated by Jana Novotnà ¡. Reprint, Prague: Nakladatelstvà ­ Slovart s.r.o., 2007. BlaÃ…Â ¾ek, F., Bosà ¡k, P., Jans, R., Novà ¡k, R.V. and Solpera, J. (2010) Role and future of the poster. [Discussion]. 18 November. Byars, M. (ed.) (1994) The design encyclopedia. New York: John Wiley Sins, Inc. Danish Design Centre (2009) Danish Design Past and Present | DDC Dansk Design Centre. Available at: http://en.ddc.dk/article/danish-design-past-and-present (Accessed: 20 October 2010). Danish Design Centre (2008) Hay: Growth via sustainable and innovative design | DDC Dansk Design Centre. Available at: http://en.ddc.dk/case/hay-growth-sustainable-and-innovative-design (Accessed: 20 October 2010). Danish Design Centre (2008) The Danish Des

Evaluating Compensation Strategy and Incentive Plans

Evaluating Compensation Strategy and Incentive Plans 1.1.0 Introduction It has become more and more important, especially in the current conditions following the credit crunch for organisation to monitor and control labour costs, whilst striving for increased productivity, better quality and good customer service. For this reason; there has been need to review strategies, if not bring in new strategies towards employee compensation and incentive schemes. In this competitive environment, companies are looking to recruit and retain high performing and highly committed employees and taking note that this comes at a cost, but a cost justifiable enough to ensure competitive advantage and success of the organisation. Michael H. Schuster, P.H.D on Aligning Compensation Strategy notes that Companies are examining the method and basis for compensating employees, there has been a growth in the number of companies seeking to develop high performance, high committed work systems, based upon expanded roles for employees, require that employees accept more responsibility and accountability. Therefore employee compensation is an important element to the financial success of the organisation. A strong emphasis is placed on the fact that compensation and reward schemes should transparently reflect the financial potential of the company and align it to the organisation strategy and objectives. In the past, wages and salaries usually grew only by a consistent and constant spinal point. More recently, there has been a growth where the labour market has become more and more aggressive and has brought about the notion that compensation and incentive packages must be competitive enough to attract and retain well skilled workers. 2.1.0 Compensation Strategy As all strategies for any organisation, the ultimate goal and objective is to maximise the wealth for shareholders. The compensation strategy should take into consideration that; They should clearly implement a value based company management system. The long term appreciation and capital value of the company Market conditions and orientation of engaging qualified and skilled workers And important aspect is the cost of the strategy to the organisation. Compensation is one of the main concerns to secure the high performance of the organisation. There is no understatement in saying that organisations perform because of the work being carried out and accomplished by the people it employees, and therefore they make the difference. In saying this, it is important to note that protecting human capital is crucial, and this is done through motivation, recognition, an appropriate reward and compensation scheme. An obvious and important element to consider in the strategy is the possible analysis of the cost of executive and employee compensation will cost the organisation. This will be concentrated on the opportunity cost to the company of the stock and performance based parts. The cost in this case to the company would therefore be the foregone resources on the compensation agreement. It is said that money is a powerful source of motivation. But its also said that salary increase can only motivate until the next pay increase is due. An element of any organisations compensation strategy is to always reflect the strategic business objectives. The objectives and goals should be clearly defined, making them achievable through the compensation structure. As stated earlier and reemphasised now, the compensation plan should be integrated with the performance objectives of the organisation and with the employees individuals goals. 2.1.1 Core Elements of Compensation Strategy An intensive analysis needs to be carried out on the organisation framework, this will be able to establish and reflect the demands of the future business development and which framework conditions will be required to structure an effective compensation strategy. It is even more important to define the management and operative levels taking into account value orientation. As well as the objectives that have been set out for each employee and how their performance is evaluated. Therefore clear roles and responsibilities need to be defined and a strong communication system to be put in place to ensure that all employees are aware and know how their performance is reflected into the incentive scheme. Other elements to consider are should be; Generic They should be a buy in into the incentive plan by the employees. It should be designed in such a way that employees at all levels are participative and have the same gaol and direction. Be of significant and Perceived Value to the employee. Employees should be able to easily recognise the potential reward related to performance. Related to Individual Performance As stated by Bob Normand Institute of Smart Business Management. A factor in the determination of how much an individual employee receives should be their performance rating as determined by their formal job review and appraisal. Employee Loyalty A good incentive plan should be able to retain employees and gain their loyalty. Therefore, an incentive plan should foster employee tenure and performance. There are two main streams of rewards being monetary and non monetary. The monetary being the preferred, and is usually a Pay-For-Performance scheme. Types of performance based pay are; Stock based This will include stock options and grants, equity shares. Cash Compensation These are usually bonuses and are related to the achievement of performance objectives and goals that were set out. Cash incentive is the most common and preferred form of an incentive scheme. An effective compensation strategy if implemented successfully can fulfil other objectives. This has been summarised in the table below; Objective Result Alignment to the strategy of business units. Strong market position. Strengthens the performance and is result oriented. Competitive Advantage Enable organisation change and flexibility to adapt to changed business situation. Success and forward moving organisation. Promotes motivation and loyalty Retaining of highly skilled employees. Controversy Over incentive schemes 1Over the past years, and more recently the past 2 years, where the economy experienced a depression and a down turn in the market for most industries, there have been continued sensitive arguments over corporate executives compensation and how they align to the firms performance. Holmstrom 1979,  [2]  looked at the contribution that made clear the trade off between risk and incentives in the moral hazard problem. This study was partly based on his unpublished dissertation. The media, public, politicians have raised concerns over the current executives compensation packages that seem to drive employees towards taking short term risks, without taking into consideration the long term repercussions and effects on their organisation. As a result of this, there have been regulations being put on the table that look at restricted stock pay options and maximum level cash incentive, or other types of compensation that will focus more on long term performance. This will push executives to always base their investment and finance decisions with the shareholders best interest at hand. There will have to be a strong correlation between long term incentive compensation and the future firm performance. With the emphasis on transparency, CEOs pay is usually publicized in the press in papers and magazines such as Fortune Magazine that has an annual ranking of the highest paid CEOs. It has been observed that the firms that pay their CEOs the highest are organisations that tend to be the ones experiencing high returns, and high operating performance in comparison to others. 4.1.0 Performance Measurement and Incentive Schemes Leonard, 1990 and Hayes and Schaejar 2000, looked at the studies that focussed on the relationship between pay and the future accountancy performance of the organisation. There has been an assumption that in efficient markets, executives and investors will capitalise the present value of future firm performance increase into the stock price. The question is always 2 how do you align strategic performance measures and results to compensation and incentive plans?. The first question to ask when designing a bonus plan that replicates the incentive of an owner is how to measure business performance. The right measure of corporate performance will have strong ties to the amount of additional wealth that a company produces for its shareholders and by extension for society at large. It will guide people to make the decisions that will generate the added value necessary to fund their bonus, to re w a rd the shareholders and to reinvest in business growth. They are several models that organisations can use to measure the performance and determine the level of incentive to be paid out to executives and employees. Strategic Performance Measurement (SPM) System This measurement translates the business strategies and objectives into deliverable results. The advantage of this model is that it combines the financial, strategic and operating measures and compares it against how well an organisation meets its objectives, goals and the targets. Economic Value Added (EVA) / Value Based Management This model emphasises on performance measurement and the cost of capital and measures the value created for shareholders. The main advantage of this measure is that its focus is on wealth creation. Balanced Scorecard System Its core element is its emphasis on the key business drivers such as customer and employee satisfaction, operational excellence and new product development. 4 As strongly supported by Stern and Co. Economic Value Added offers more to an organisation as it focuses on measuring value created for shareholders, which is the essence and objective of any organisation; to create wealth for its shareholders. This measure is also focuses more towards the capital markets and assists in developing organisation strategies at all levels of the organisation. 5 Other advantages of EVA as a measurement tool are; It creates measurable objectives and goals for employees and are specific It can easily align the operations and business units with the overall corporate strategy. EVA can link individual performance and compensation plans to business strategies. 5.1.0 Relationship between Stock Price Performance and Incentive Schemes The hypothesis by a paper written by M. Cooper, H. Gulen and P. Ray Performance for Pay? looked at the relationship between CEO incentive compensation and future stock price performance. They summarised that The efficient market hypothesis suggested that markets capitalise incentive pay grants into the stock price at the announcement day, resulting in no relation between incentive pay and future stock price performance. On the other hand, the optimal incentives hypothesis suggests that whilst compensation and incentive schemes can be aligned to managerial interests with shareholders value wealth creation and maximisation, investors may not necessarily react to the information. This could be as a result of not understanding the incentive strategy, and not having the right measurement model to gauge it against. Therefore investors are not able to observe or attain the value it may have to the organisation future stock price performance.  [6]  7A positive relation may be evaluated between the incentive pay and the future stock price performance. 8Needless to say, based on studies carried out in the past and present on the relationship between Stock Price Performance and Incentive Schemes, there is not much direct evidence that shows that incentive plans do lead to a companys improvement in future stock price performance. One of the challenges of stock returns are they having shareholders expectations imbedded in them. Other challenges are that economic theory would not be able to predict that increase in incentives would lead to increase in profitability. 9 A much earlier study by Masson 1971 linking financial incentive to future performance of the organisation, his findings were that firms and organisation that had attractive financial incentives showed a better stock market performance during the post-war period. Conclusion Due to the increased competition of business, it has subsequently increased the competition for employing skilled workers, and retaining them. A compensation strategy creates and brings about a unified culture, and offers corporation and advances the implementation of the business strategy. This will essentially promote performance and employees will be result oriented. Incentive plans should be reviewed annually to analyse if they are actually effective and increasing the performance of the organisation and meeting the strategic objectives. This involves looking at any accomplishments and the desired outcome. Despite the soaring pay, many experts argue that the system is working better than ever. They see the bull market and healthy corporate sector as proof positive that companies get what they pay for. (Business Week April 21, 1997, p.p 60) Performance based pay is the best incentive strategy for any organisation as it maximises on the strategic plan, as the compensation strategy requires that the plan is set on organisation goals and objectives. This has a major influence on the employees. Pay for performance has been cited to be a more motivating factor, both short term and long term incentives.  [10]  A study carried out established that employees showed a more positive work attitude with a pay for performance incentive. Other benefits of a pay for performance incentive scheme is the pay receives special treatment in some contexts. This is under the Internal Revenue Code (IRC). Essentially, at the end of it all, the compensation strategy and incentive plans main purpose is to: Attract and retain employees. Motivate and establish loyalty towards the company. Making sure the cost of the strategy is line. Encourage peak performance.

Saturday, July 20, 2019

The Egoistic Friend :: essays research papers

<a href="http://www.geocities.com/vaksam/">Sam Vaknin's Psychology, Philosophy, Economics and Foreign Affairs Web Sites What are friends for and how can a friendship be tested? By behaving altruistically, would be the most common answer and by sacrificing one's interests in favour of one's friends. Friendship implies the converse of egoism, both psychologically and ethically. But then we say that the dog is "man's best friend". After all, it is characterized by unconditional love, by unselfish behaviour, by sacrifice, when necessary. Isn't this the epitome of friendship? Apparently not. On the one hand, the dog's friendship seems to be unaffected by long term calculations of personal benefit. But that is not to say that it is not affected by calculations of a short-term nature. The owner, after all, looks after the dog and is the source of its subsistence and security. People – and dogs – have been known to have sacrificed their lives for less. The dog is selfish – it clings and protects what it regards to be its territory and its property (including – and especia lly so - the owner). Thus, the first condition, seemingly not satisfied by canine attachment is that it be reasonably unselfish. There are, however, more important conditions: a. For a real friendship to exist – at least one of the friends must be a conscious and intelligent entity, possessed of mental states. It can be an individual, or a collective of individuals, but in both cases this requirement will similarly apply. b. There must be a minimal level of identical mental states between the terms of the equation of friendship. A human being cannot be friends with a tree (at least not in the fullest sense of the word). c. The behaviour must not be deterministic, lest it be interpreted as instinct driven. A conscious choice must be involved. This is a very surprising conclusion: the more "reliable", the more "predictable" – the less appreciated. Someone who reacts identically to similar situations, without dedicating a first, let alone a second thought to it – his acts would be depreciated as "automatic responses". For a pattern of behaviour to be described as "friendship", these four conditions must be met: diminished egoism, conscious and intelligent agents, identical mental states (allowing for the communication of the friendship) and non-deterministic behaviour, the result of constant decision making. A friendship can be – and often is – tested in view of these criteria.