Jurisprudence Assignment Essay

Answer the following questions by referring to the Nurse Practice Act from the Texas Board of Nurse’s website (www.bon. state.tx.us) & (www.tpapn,org) and other relevant source. Answers must be in APA format.(Question & Anwer). APA format means writing down the listed questions, using complete sentences, correct spelling, grammar & punctuation. In addition, a reference page & source(s) of information citations are required. (6 points) Q1 What is Impaired Nursing Practice? (5 points) Q2.Which group of nurses are most at risk? (8 points) Q3. What are the contributing factors that lead to chemical dependency in the nursing population? (8 points) Q4.List the warning signs of chemical dependency/abuse in the nurse? (8 points) Q5.Who does the nurse first report to when she/he finds a nurse impaired due to chemical dependency and/or mental illness? (5 points) Q6.What is the Board of Nurse’s responsibility following such report when an impaired nurse is in violation? (8 points) Q7.What are the methods of discipline imposed by the BON for intemperate use of alcohol or drugs or mental incompetency? (10 points) Q8. State the mission of Texas Peer Assistance Program for Nurses. (8 points) Q9. What are the functions of Texas Peer Assistance Program for Nurses? (8 points) Q10. List the guidelines the Board of Nurses by rule 301.4106 developed that the Peer Assistance Program must comply with. (8 points) Q11.Identify what would constitute grounds for disciplinary action for possible violation of the NPA 301.452 and Standard of Nursing Practice? (10 points) Q12. Discuss briefly your opinion on violation by a nurse of the NPA due to use/abuse of a chemical, drug or mental illness. (8 points)

British Petroleum (BP): SWOT and BP Porter Five Forces Analysis †Essay

SWOT and Porter Five Forces Analysis of British Petroleum (BP)our site Sample Essay – Need Help Writing an Essay Contact us Today. Student Submitted Essays!our site Sample Essay – AbstractBP Porter Five Forces – BP Plc is one of the leading oil and gas companies in the world operating in more than 80 countries and serving close to 13 million customers. The company was ranked third in the FTSE 100 all share index ranking as at the close of 31st August, 2014 with a market capitalization of 82,093.2, million US Dollars. BP’s major strengths include strong brand recognition, massive financial capability, excellent corporate strategy, and the ability to innovate. Global reduction in the production of crude oil and natural gas, poor disaster management and inability to implement long-term regulatory mechanisms are the company’s key weaknesses. The company has the opportunity to invest in alternative energy even though it faces significant competition from key rivals such as Royal Dutch Shell, Exxon Mobil and Chevron. BP Porters Five Forces Analysis of BP reveal low threat of new entrants and substitutes, medium bargaining power of both buyers and suppliers, and high rivalry among existing competitors. To remain competitive, the company should increase strategic investment in R&D, negotiate with governments and other firms to exploit emerging markets, rebuild its brand value and streamline its production and business operation.our site Sample Essay – IntroductionFounded in 1908, British Petroleum (BP) is one of the leading oil and gas companies in the world. The company operations in more than 80 countries, has over 83,900 employees and serves over 13 million customers globally (BP Plc, 2014). The company provides customers with oil and gas products, fuel for transportation, petrochemical products and energy for light and heat. With a market capitalization of 82,093.2, million US Dollars, BP was ranked third in the FTSE 100 al l share index ranking as at the close of 31st August, 2014 (Stock Challenge, 2012). BP’s interests and activities can be categorised into two core business segments: Refining and Marketing and Exploration and Production. The Exploration and Production segments cover upstream and midstream activities which include exploration, production, pipelining, and processing. Refining and Marketing segments cover downstream activities such as crude oil transportation, manufacturing, marketing and supply of both petrochemical and petroleum products and services (BP Plc. 2014).our site Sample Essay – BP SWOT AnalysisBP’s key strengths are its strong brand recognition and massive financial capability. Being the third largest energy company in the world, it is globally acknowledged for high quality petroleum products. Additionally, with an expected total operating cash flow of 2014 at $30 billion, the company’s strong financial position gives it the opportunity to introduce new products, develop alternative energy, and expand to new markets (Reuters, 20 14). Regarded as one of the best in the world, the company’s corporate strategy is also a notable strength. This, coupled with its strong brand loyalty, enabled it to emerge from the devastating deepwater horizon oil spill of 2010 (Reuters, 2014). The company’s ability to innovate and enter into strategic ventures with other governments and corporations in new markets is another key strength. In 2013, BP entered into a strategic alliance with both China and the US to provide alternative solar energy to a number of government agencies. A global reduction in the production of crude oil and natural gas is a key weakness of the company. Poor public image as a result of the North Alaska and deep-water oil spills also led to serious challenges for the company. Not only did it face criminal charges, it spent an estimated $42.2 billion in cleanup and compensation (Reuters, 2014). Another key weakness is its non-competitiveness in the alternative energy sector. Despite being a major player in the oil industry, majority of consumers are still unaware of the company’s involvement in alternative energy (Bamberg, 2000). The inability to implement long-term regulatory mechanism to cushion it from the highly volatile petroleum prices is also a key weakness of the company. BP’s profits and its current strong financial position present an opportunity for the company to initiate new projects. The company’s biggest opportunity is investing in alternative energy. The BP Solar Home Solutions initially introduced in New York can be expanded into other regions especially within the American and European markets. This will guarantee the company more customers who prefer the less costly solar energy. The company also has an opportunity to expand its export markets to Asia and South America. Discoveries of more oil wells and increasing prices of oil and gas are additional opportunities that the company can take advantage of (Smith, 2011). Major players in the oil and gas industry especially the Royal Dutch Shell, Exxon Mobil, and Chevron pose the greatest threat to BP. The implementation of environmentally unsound policy and poor management of natural disasters such as the toxic spills often disrupt the company’s operation (Bruland, 2003). Other threats include, corrosion in BP’s pipeline network, occasional refinery explosions, multiple lawsuits emanating from ecological disasters and the continued sale of BP’s corporate owned stations. Declining operations in several potential locations and the tensions associated with operating in the oil business are also potential threats (Black, 2011).our site Sample Essay – BP Porter Five Forces – AnalysisPorter (1980, p. 80) outlines the five forces model to analyze an organization’s competitiveness. These include threats of entrants, bargaining power of suppliers, bargaining power of buyers, threats of substitutes and rivalry among e xisting competitors. The oil and gas industry in which BP operates traditionally require massive financial investments in very expensive infrastructure. Huge capital investment is necessary to cover expenses such as building pipelines, drilling wells, building access roads and acquiring land. BP has an asset value of $236.0 billion (Honnungar, 2011). Considering the cost of market entry and economies of scale in the industry, the threat of new entrance is low. There are a number of substitute products such as hydroelectricity, nuclear energy, coal, wind power and solar energy. However, most are still in the developmental phase, besides, the cost of production of substitute products is often extremely high. The importance of oil in fuelling cars, running industries and generating electricity makes it essential and useful to sectors of the economy (Ferrier, 2009). Threats of substitutes are therefore, low since alternative products are less competitive. The oil and gas industry have considerable number of suppliers ranging from private corporations to governments. There are also a number of potential buyers similar to BP. Besides, BP’s vertical integration in its operations is similar to that of its key competitors (Stiel, 2003). The bargaining power of suppliers is consequently rated as medium. The products offered by players in the oil and gas industry are often not much different from those offered by their competitors. As a result, buyers tend to choose products with either lower prices or that have better terms. On the flipside, buyers are many; hence even if a cross section chooses to use the products of their competitors, BP’s operations would not be greatly impacted. The bargaining power of buyers can therefore be regarded as medium. Finally, the oil and gas industry is dominated by huge corporations that produce a number of low differentiated products (Stiel, 2003). Key competitors such as Chevron, Total and Royal Dutch Shell have established well recognized brands with significant client base. This implies that BP and its competitors have all adapted a vertical integration of similar range of products. These factors coupled with low threats of both substitutes and new entrants make competitive rivalry high (Uph, 2010).our site Sample Essay – Conclusi on and RecommendationsBP is as a major corporation with significant financial backing that can be used to venture into alternative energy research to boost its manufacturing capacity and increase its global presence. The SWOT and Porter’s five forces analyses indicates that, the oil and gas industry’s major players are well established conglomerates with massive financial resources hence high level of competitive rivalry. The attractiveness of the industry makes both the powers of buyers and that of suppliers’ medium while the threat of substitute and new entrance low. BP should increase its strategic investment in R&D in order to maximize production and exploit new markets. It should also negotiate with governments and other firms in order to exploit emerging markets such as China. The company should also consider rebuilding its brand value thereby regaining its image adversely affected by the recent oil spill crisis (Honnungar, 2011). Finally, the company should streamline its business operations and production to gain competitive advantage over major rivals.ReferencesBamberg, J. H. (2000). British Petroleum and Global Oil: 1950-1975: The Challenge Of Nationalism. Cambridge: Cambridge University Press. Bruland, K. (2003). British technology and European industrialization: the Norwegian textile Industry in the mid-nineteenth century. Cambridge, Cambridge University Press. BP Plc. (2014). BP Statistical Review of World Energy June 2014. BP Plc. (2014). BP at a Glance. [Online] 3 September, 2017. Available From Black, E. (2011). British petroleum and the redline agreement. Washington, DC: Dialog Press. Ferrier, R. W. (2009). The history of the British Petroleum Company. Cambridge, Cambridge University Press. Honnungar, V. (2011). British Petroleum Oil Spill Crisis and Aftermath Corporate Governance and Communication at BP during the disaster. Munich: GRIN Verlag Porter, M.E. (1980) Competitive Strategy, New York: Free Press. Stiel, P. (2003). British Petroleum: A Global Company in a Global World. [Online] 3 September, 2017. Available From: http://www.pstiel.de/fileadmin/pstiel.de/Download/english_globalisation.pdf Smith, N. J. (2011).The Sea of Lost Opportunity: North Sea Oil and Gas, British Industry and The Offshore Supplies Office. New York: Elsevier. Stock Challenge, (2012). FTSE All-Share Index Ranking as at Close on Fri, 31 October 2014. [Online] 3 September, 2017. Available From http://www.stockchallenge.co.uk/ftse.php Uph, C. (2010). PR Analysis of British Petroleum. New York: GRIN Verlag. Also, checkout related Essays: BHP Billiton SWOT Analysis and Porter Five Force Analysis SWOT analysis of Sainsbury’s Plc Strategic Analysis (SWOT, PESTEL, Porter) of Premier Inn (Whitbread Plc) Summary Reviewer John Review Date 2017-09-06 Reviewed Item Essay – BP SWOT and Porter Five Forces Author Rating 5

Case Study of Kathleen Johnson Samples

The report reviews the case study of Kathleen Johnson, a 45 year old woman with obesity and Type 2 diabetes. Due to the problem of overweight and challenges in managing appearance, she was admitted to the hospital for sleeve gastrectomy surgery. The report discusses about the etiology and pathophysiology of patient’s presenting condition (obesity) and then reviews her observation after 2 hours in post-anesthetic recovery room (PARU) to detect deterioration and the pathophysiology behind the deteriorating symptoms. Based on this justification, appropriate nursing management and role of interdisciplinary health care team to manage patient’s condition is provided. Since Kathleen has been admitted to the hospital for sleeve gastrectomy surgery, it is evident that obesity is main presenting condition in patient. Her BMI is 40kg/m 2 and due to weight gain and appearance issue, she had to undergo sleeve gastrectomy surgery. Obesity is a clinical condition leading to excessive deposition of fat or adipose tissue in the body of a person. Any person having a BMI of over 30 kg/m 2 is regarded as obese (Cummings & Cohen, 2016). The etiology of obesity involved multiple factors. For instance, metabolic factors, diet, genetic factor and physical activity level play a role in regulation of body weight. Although genetic factor also plays a role in risk of obesity, however behavioral, environmental, physiological and socio-cultural factors also increase energy balance and contribute to obesity. The most common behavioral and environmental risk factor obesity includes sedentary lifestyle, excess energy intake and poor physical activity (Saunders, Chaput & Tremblay, 2014). Social link to increase in weight includes impact of parent lifestyle and food habits on health behavior of children and youths Increase in weight is associated with other comorbidities such as insulin resistance, type 2 diabetes and cardiovascular disease (Bray 2014). Kathleen is a patient with type 2 diabetes and struggling to control her diet and blood sugar level. To prevent risk of other complication, weight loss surgery was important for her. From the etiology of obesity, it is understood that genetic as well behavioral factors increase the risk of excess fat deposit in patient. The adipocyte is the main cellular basis for obesity and increased in size or number of these cells contributes to obesity. Although in normal condition, fat is stored in the body for survival during starved state. However, when a person takes high energy food in large amount, it results in excessive storage of fat and the end result for which is obesity (Goossens & Blaak, 2015). Hence, the cause begin obesity is high calorie food and the cellular basis for obesity is the adipocyte. In case of Kathleen, her obesity was untreated before the surgery. Although she was gaining weight, she had not taken any preventive steps to control the condition. For this reason, opting for sleeve gastrectomy was a necessary option for her to manage her condition. Obesity mainly contributes to metabolic dysfunction and damages the function of cardiac, liver, endocri ne and intestinal gland if it left untreated (Saltiel & Olefsky, 2017). Hence, bariatric surgery is the best option for obesity management. Evidence has shown that bariatric surgery leads to weight loss and contributes to improvement in metabolic disorders like diabetes too (Reges et al., 2018). Sleeve gastrectomy is also one of the bariatric surgeries that promotes weight loss and improved gyclemic control in patient (Fuchs et al., 2017).   Therefore, by opting for surgical option, Kathleen can improve her symptoms related to diabetes too. Pathophysiology of patient’s post-operative deterioration Kathleen observation after two hours in the PARU revealed several deteriorating signs and symptoms. For instance, Kathleen respiratory rate was 28 breaths per minute whereas pulse rate was 130 beats per minute. By comparing these vitals signs with normal parameters, it can be said that respiratory rate of patient is abnormally high as normal respiratory rate is 12-20 breaths/min. His pulse rate is also an area of concern as it is above the normal value of 60-100 beats/min. Such abnormalities in Kathleen’s respiratory and pulse rate might have occurred due to the effect of obesity, smoking and alcohol consumption in patient. Obesity is highly associated with respiratory complication in obese patient. Obese patients tend to have higher respiratory rate because of the impact on lung function (Pepin et al, 2016). Abdominal obesity and lung dysnfunction affects systemic inflammation thus leading to respiratory disorder in patient (Oppenheimer et al., 2014). The review of Kathleenâ €™s history revealed that he was heavy smoker and consumed four bottles bear every night. Cigarette smoking is one factor that has an impact on pulse rate, breathing rate and oxygen consumption of an individual. This occurs because the chemical found in cigarette aggravates the cilia, leads to the deposition of tar and narrows the air passage. Such change in the lung is reason for abnormal respiratory rate in patient (Papathanasio et al., 2013). Hence, patient’s presenting condition exacerbated his vital signs post operation. The review of other vital signs in patient included blood pressure of 190/100 min. This clearly indicates that Kathleen was hypertensive. The likelihood of hypertension might have increased in patient due to the effect of surgery as well as due to obesity. Overweight and obese patients are more likely to suffer from hypertension. Such association between obesity and hypertension is seen due to the impact of obesity on metabolic functions. Other mechanisms linking obesity to hypertension includes endothelial and vascular impairment, neuro-endocrine imbalance, maladaptive immune response and dietary factors (DeMarco, Aroor & Sowers, 2014). This explanation confirms that obesity is the reason for deteriorating post-operative sign for Kathleen. Other factors that might have contributed to high blood pressure for patient includes smoking and diabetes. The link between diabetes and hypertension has been established because both have common pathways such as inflammation, oxidative stress an d insulin resistance. Low-grade inflammatory response and insulin resistant increased in type 2 diabetes patient thus contributing to hypertension (Lingam et al., 2018). As Kathleen had undergone sleeve gastrectomy surgery and effect of anesthesia and surgery might have also lead to hypertension in patient (Brethauer et al., 2015). Another sign of post operative deterioration found in Kathleen was low urine output and pain score in patient. Kathleen’s indwelling urinary catheter (IDC) volume was 5mls in the last hour, although the normal urine output per hour is 50-60 mL. Surgery is one of the reasons for low urine output. Surgical blood loss and dehydration in patient decreases urine output and lead to acute kidney injury on surgery patients. Poor renal perfusion and decreased urine output are common complication seen in the post anesthesia care unit (Canales & Hatch, 2014). Hence, the reason for such clinical deterioration in patient is clear. Another parameter that was affected for patient post operatively was her pain score. Kathleen’s pain score was 7/10 and the severity of the pain might also be the reason for presence of abnormal BP and respiratory rate. Blood pressure of Kathleen might have increased due to effect of pain. Pain promotes sympathetic activity thus leading to high blood press ure (Laquian et al., 2018).   Hence, while deciding treatment for patient, the effect of pain on other vital signs must be carefully examined. Based on analysis of post-operative deterioration in patient, the main care priorities for patient are management of abnormal vital signs of patient hypertension, pain score and respiratory rate and low urine output). Since Kathleen is obese and has diabetes, hence it is necessary to improve respiratory and vascular function as leaving these sign untreated may further complicate his condition (Mahajan, Lau & Sanders, 2015). The management of hypertension can be done by providing hypertensive medication to patient. After consultation with physician, the nurse can provide beta-blockers or angiotensive converting enzyme inhibitors to control his blood pressure (Wolf et al., 2016). To promote recovery in patient, the nurse also need to focus on dietary changes so that blood sugar level is maintained. Due to high pulse rate and respiratory rate, the patient may have ineffective breathing pattern. Hence, the care priority will be to assess respiratory rate and monitor ventilation status of Kathleen regularly. The rate and depth of respiration and need for oxygenation can also be examined. To provide comfort to patient, proper body alignment should be maintained too (Gordon, 2014). To address the issue of low urine output, there is a need to provide both fluid and drug therapy to prevent dehydration. During gastrectomy, some parts of her stomach were removed. Hence, it will be necessary to monitor wound healing and prevent signs of infection in patient. Apart from clinical intervention for management of vital signs, another care priority is to provide health education to patient so that Kathleen could be motivated to make changes in her lifestyle and eating habits. Since she is a smoker and consumer, making her quit both is necessary to maintain her health in the long term. Smoking has deleterious impact on obese patient and those with obesity (Lycett et al., 2015). Hence, the nurse needs to make Kathleen aware about the harmful effect of smoking on alcohol consumption on her metabolic and respiratory function. After this education, the patient can be supported to quit smoking by means of nicotine replacement therapy. Apart from nurses and medical team, the contribution of dietician is necessary to help Kathleen take low calorie foods and avoid food containing high amount of salt and sugar. Dietary intervention can reduce risk of diabetes related complication and prevent patient from gaining weight. Secondly, the involvement of physiotherapist is necessary as due to surgery, her mobility is affected. By collaborating with physiotherapist, Kathleen can learn to do exercise so that she can build her muscle strength. The role of a bariatric consultant is also necessary to educate Kathleen about her care needs and ways to manage her wound after discharged (Torti et al., 2017). The report discussed about the process of planning care for Kathleen by examining her medical history and discussing about the pathophysiology of obesity. The etiology and pathophysiology of obesity gives the insight that presence of various risk factors predisposed patient to obesity. The review of deterioration in vital signs and justifying them with the path physiology also helped to understand the mechanism by which Kathleen faced such clinical deterioration in patient. To enhance recovery in patient, proper collaboration between inter-professional team is necessary too. Bray, G. A. (2014). Obesity in adults: Etiology and natural history.  Pi-Sunyer FX, Mulder JE (eds). Brethauer, S. A., Kim, J., El Chaar, M., Papasavas, P., Eisenberg, D., Rogers, A., ... & Kothari, S. (2015). Standardized outcomes reporting in metabolic and bariatric surgery.  Surgery for Obesity and Related Diseases,  11(3), 489-506. Canales, B. K., & Hatch, M. (2014). Kidney stone incidence and metabolic urinary changes after modern bariatric surgery: review of clinical studies, experimental models, and prevention strategies.  Surgery for Obesity and Related Diseases,  10(4), 734-742. Cummings, D. E., & Cohen, R. V. (2016). Bariatric/metabolic surgery to treat type 2 diabetes in patients with a BMI< 35 kg/m2.  Diabetes Care,  39(6), 924-933. DeMarco, V. G., Aroor, A. R., & Sowers, J. R. (2014). The pathophysiology of hypertension in patients with obesity.  Nature Reviews Endocrinology,  10(6), 364. Fuchs, T., Loureiro, M., Both, G. H., skraba, H. H., & Costa-casagrande, T. A. (2017). The role of the sleeve gastrectomy and the management of type 2 diabetes.  ABCD. Arquivos Brasileiros de Cirurgia Digestiva (Sà £o Paulo),  30(4), 283-286. Goossens, G. H., & Blaak, E. E. (2015). Adipose tissue dysfunction and impaired metabolic health in human obesity: a matter of oxygen?.  Frontiers in endocrinology,  6, 55. Gordon, M. (2014).  Manual of nursing diagnosis. Jones & Bartlett Publishers. Laquian, L., Scali, S. T., Beaver, T. M., Kubilis, P., Beck, A. W., Giles, K., ... & Feezor, R. J. (2018). Outcomes of Thoracic Endovascular Aortic Repair for Acute Type B Dissection in Patients With Intractable Pain or Refractory Hypertension.  Journal of Endovascular Therapy,  25(2), 220-229. Lingam, S., Rani, P., Sheeladevi, S., Kotapati, V., & Das, T. (2018). Knowledge, attitude and practices on diabetes, hypertension and diabetic retinopathy and the factors that motivate screening for diabetes and diabetic retinopathy in a pyramidal model of eye health care.  Rural and remote health,  18(1), 4304-4304. Lycett, D., Nichols, L., Ryan, R., Farley, A., Roalfe, A., Mohammed, M. A., ... & Aveyard, P. (2015). The association between smoking cessation and glycaemic control in patients with type 2 diabetes: a THIN database cohort study.  The Lancet Diabetes & Endocrinology,  3(6), 423-430. Mahajan, R., Lau, D. H., & Sanders, P. (2015). Impact of obesity on cardiac metabolism, fibrosis, and function.  Trends in cardiovascular medicine,  25(2), 119-126. Oppenheimer, B. W., Berger, K. I., Segal, L. N., Stabile, A., Coles, K. D., Parikh, M., & Goldring, R. M. (2014). Airway dysfunction in obesity: response to voluntary restoration of end expiratory lung volume.  PLOS one,  9(2), e88015. Papathanasiou, G., Georgakopoulos, D., Papageorgiou, E., Zerva, E., Michalis, L., Kalfakakou, V., & Evangelou, A. (2013). Effects of smoking on heart rate at rest and during exercise, and on heart rate recovery, in young adults.  Hellenic J Cardiol,  54(3), 168-177. Pà ©pin, J. L., Timsit, J. F., Tamisier, R., Borel, J. C., Là ©vy, P., & Jaber, S. (2016). Prevention and care of respiratory failure in obese patients.  The Lancet Respiratory medicine,  4(5), 407-418. Reges, O., Greenland, P., Dicker, D., Leibowitz, M., Hoshen, M., Gofer, I., ... & Balicer, R. D. (2018). Association of Bariatric Surgery Using Laparoscopic Banding, Roux-en-Y Gastric Bypass, or Laparoscopic Sleeve Gastrectomy vs Usual Care Obesity Management With All-Cause Mortality.  Jama,  319(3), 279-290. Saltiel, A. R., & Olefsky, J. M. (2017). Inflammatory mechanisms linking obesity and metabolic disease.  The Journal of clinical investigation,  127(1), 1-4. Saunders, T. J., Chaput, J. P., & Tremblay, M. S. (2014). Sedentary behaviour as an emerging risk factor for cardiometabolic diseases in children and youth.  Canadian journal of diabetes,  38(1), 53-61. Torti, J., Luig, T., Borowitz, M., Johnson, J. A., Sharma, A. M., & Campbell-Scherer, D. L. (2017). The 5As team patient study: patient perspectives on the role of primary care in obesity management.  BMC family practice,  18(1), 19. Wolf, J., Drozdowski, J., Czechowicz, K., Winklewski, P. J., Jassem, E., Kara, T., ... & Narkiewicz, K. (2016). Effect of beta-blocker therapy on heart rate response in patients with hypertension and newly diagnosed untreated obstructive sleep apnea syndrome.  International journal of cardiology,  202, 67-72.

Energy Harvesting Dissertation Example | Topics and Well Written Essays - 2000 words

Energy Harvesting - Dissertation Example Energy harvesting, therefore, can be defined as â€Å"The process in which energy is captured from a system’s environment and converted into usable electric power† (Maxim, 2011). The law of conservation of energy is the basis for energy harvesting. Energy can be converted from one form to another and the total amount of energy in an isolated system remains the same (Clark, 2004). Therefore, energy whether in form of wind, kinetic, chemical and others can be converted to electrical energy. 2. METHODS OF HARVESTING ENERGY Energy harvesting produces electric energy from ambient energy sources, present in large and small systems. Recovering a fraction of this energy can have a significant economic and environmental impact. These systems widely vary in sizes. On the macro scale, hydro electricity, tidal power, solar panels and wind turbines can produce MegaWatts. On a smaller scale, immediately available energy such as vibration, heat and light energy can be used to produce milliWatts. A typical energy harvesting system converts energy from the source and stores that energy. Capacitors are used in large scale systems, whereas, batteries are used in small scale systems for storage of energy. ... Photovoltaic cells, which are made up of silicon are used to convert solar energy into electricity. Most of these photovoltaic cells operate at an efficiency of less than 15 % (Asimov, 1969). The maximum theoretical efficiency attainable, however, is only 32.3 % (Clark, 1974). Solar energy is also indirectly used to produce electricity by concentrated solar power plants. The solar collectors are used to concentrate or focus sunlight onto a receiver that heats a liquid to produce steam, which in turn is used to produce electricity in the same way coal or fossil fuel plants do. 2.2 Wind Energy Wind turbines are used to harvest electrical energy from the wind. The wind passes over the blades of wind turbines, which in turn produces a turning force. The rotating blades turn the shaft which passes through the gearbox. The gearbox increases the rotational speed for the generator. The generator uses magnetic fields to convert the rotational energy harvested from the wind into electrical ene rgy. Wind farms, which are clusters of wind turbines, are used to harvest electrical energy from wind. The minimum wind speed for generating electricity is 4-5 m/s and the theoretical maximum power that can be extracted from the wind is 59.3 %. In reality this figure is usually around 45 % maximum for a large turbine. Wind energy has great potential for energy harvesting in the future and even smaller turbines (50-150 watts) are available for household connection (Golding, 1976). Energy harvested from the wind largely depends on siting of the wind farm. 2.3 Hydroelectric Hydroelectric systems create energy by harvesting energy by force of water. Water is collected in a dam or a reservoir. The water near the bottom of the reservoir is forced by the pressure of the water above it to be

ASPECT OF CONTRACT AND NEGLIGENCE Assignment Example | Topics and Well Written Essays - 750 words

ASPECT OF CONTRACT AND NEGLIGENCE - Assignment Example The breach of these essential elements of a contract makes the contract void. The essentials of a valid contract include  "offer and acceptance, Intention to create a legal relationship, lawful consideration, capacity of parties, free consent, the lawful object, certainty of meaning, possibility of performance, not declared to be void or illegal and legal formalities". In the given case, the elements are same, and breach of these essential elements of a valid contract makes the contract void (Collins, 2003). c) In any contract offer, acceptance, consideration and intention are very important as these are the basic element required to make a contract legally enforceable. Offer is important because if a person does not offer to another person to do something the other person cannot perform that task. Acceptance is necessary because a person should signify his assent that he has accepted his offer to do the task. Offer and acceptance makes a contract, and there should be a consideration (monetary value) to perform the task. There should be an intention to perform the contract otherwise there is no contract. a) Contents of standard business form are the terms of the contract. Every contract consists of terms and condition, which should be fulfilled by both the parties competent to contract. These terms are set by both the parties and must perform in order to finish the contract (Jones, 2013). These terms can be written or communicated with conversation at the time of entering a contract. The terms and conditions can include the price, which will be given on performance, mode of payment and the way to perform the task. All  terms and conditions must be fulfilled and must be performed in the agreed manner as they are essentials to the contract (Austen-Baker, 2011). b) The terms identified in the contract between Lady Gaga and owner of the Opera is the performance of the artist for several days.

-- i will send it as file -- Essay Example | Topics and Well Written Essays - 1000 words

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Dosing of cephalosporines in renal failure pateints Research Proposal

Dosing of cephalosporines in renal failure pateints - Research Proposal Example Aim- To understand the dosing of Cephalosporin in Renal failure patients. Method and Design Physical examination- should be performed for edema, ascites, dehydration. Measurement of body weight and height is performed. In obese patients the ideal body weight should be calculated and dose of drug should be planned consequently. Renal function- Estimation of creatine clearance (the volume of blood plasma that is cleared of creatinine in a unit time). Elimination of drugs is directly proportional to GFR (drugs excreted by kidneys). The Cockroft- Gault equation to estimate Clcr for age between 40- 80 years. Clcr (mL/min) = (140-age)x weight in kgs / 72 x serum creatinine (in mg/ dL) x (0.85 for women). Assessment of GFR from serum creatinine level presumes the stability of renal function and also formulate that serum creatinine measurement is constant. If there is alteration in renal function, the creatinine level does not indicate the true clearance. In case of oliguria, Clcr is approxi mated as 10mL/min. In cases with acute renal failure, the non-renal clearance of medicines diminishes by means of time window of renal failure. In the initial course of the therapy, personalized pharmacokinetic dose for patients with severe renal impairment is vital.

Effects of Clear Vision on Organizational Performance Research Paper

Effects of Clear Vision on Organizational Performance - Research Paper Example lay out clear objectives that clearly define the role and function of each individual employee, collective departments, and the future vision for the organization. Employees need to know that what they are doing has value in the overall scheme of things. A clearly defined vision can certainly go a long way towards making that happen, leading to increased staff morale and a purpose and direction in work related endeavors. As this study reflects, it behooves the modern organization to make certain the any such vision is clearly communicated to all stakeholders, and that everyone is one the same page moving forward. Vision is essential to the success of a business. Without vision, there is no direction. With no direction, there is little sense of where an organization is heading, and even less of an idea as to how it is going to get there. Setting forth a clear vision enables members of an organization to understand what their individuals and collective roles are, and it time a clear vision statement will pay dividends in terms of enhance organizational performance. Even given these indicators, however, it is a bit shocking to discover how many organizations lack this sense of clear vision. Few, it seems, take the time to set out clear objectives and performance targets for all to see. This sense of top down leadership might have executives understanding where they want the organization to go, but the very people charged with the task of actually getting it there are all too often left in the dark. With this reality in mind, it is important to study the role that a clear vision has on the perfo rmance of an organization in today’s increasingly global and competitive marketplace. The purpose of this study is to establish the relationship between a clearly established vision statement and the overall performance level of an organization. This will be primarily accomplished by looking at real life examples of companies with and without clear vision, and how

Nursing Essay Example | Topics and Well Written Essays - 1000 words - 3

Nursing - Essay Example It is necessary that every member of an organization must be involved in dealing with the problem of absenteeism. Nyathi and , Jooste ( 2008) point out that, if absenteeism among nursing staff occurs, this puts a greater workload on the staff who do turn up, and so this leads to a downward spiral of stress on staff, and eventually even more absenteeism. The authors mention factors such as† work attitudes (job satisfaction, organizational commitment and work/job involvement) and retention factors,† but admit that in many cases reasons behind absenteeism are poorly understood. Managers, especially those who see staff every day such as ward managers, should know their staff so well that they are aware when any members of staff feel themselves to be under stress at work, as this which is identified as being a major factor in absenteeism. . Communication is important. Staff need to hear and understand the organization’s plans, goals, and objectives in order that they can uphold and protect them. The executive team is charged with the mandate of ensuring that when a new employee is hired, they are taken through the organization’s corporate vision. This will ensure that that person understands what the institution is like and its ethos. If everyone is told and understands fully what is expected of him or her, it is easier in the course of business to remind them of what is expected of them, whether with regard to being available when required, or with regard to some other matter. Slater and William (1996) describe how letting staff have a greater larger degree of control of rotas led to better communications between management and staff. It was also discovered that many nurses had not realized the impact their negative behavior was having both on the organization and their colleagues. It was also felt that if mention was made of absenteeism staff might feel that they

My Counseling Style Essay Example for Free

My Counseling Style Essay When I first read the explanation of the assignment, I immediately thought of what my parents had instilled into me at a very early age. They would always say that God put us here on this earth to do a job and that was to help others and love each other. That really never made a lot of sense to me until I started working in the non-profit world over twenty seven years ago. I realized then that my parents had taught me to believe that every human being on this earth deserves to be loved and to be happy in their lives. I believe every person should be treated with dignity and respect no matter what their situation is. I believe that your family should come first in all aspects of your life and that each of us make conscious decisions everyday that mold our lives into what they are. I also believe that there is good in everyone, sometimes they just don’t know it. The values I live by go along a lot with my beliefs in that by putting my family first and having that closeness with people I love and care about, makes me the person I am today. This started with my parents and my grandparents that are now deceased to my husband, children and grandchildren that make up my life now. My values were planted at a very early age and have grown and matured as I have. My grandmother and mother were instrumental in teaching me and showing me that every person we meet has value and should not be dismissed. From a very early age I learned that helping others was expected of me and not just something that I could do if I wanted to do. I attended Sunday School and Church with my family on a regular basis and the Christian values and principles that I was taught parallel with what I was learning at home. These things have always been a part of my life and I hope I have instilled them into my children and can be that inspiration to my grandchildren that my grandmother was to me. I believe that every person you meet has love and goodness within them but events in their lives may have tarnished their outlooks. As a counselor I hope that when those people come to me that I can help them find their way back to loving themselves again. My grandmother always said that your character speaks volumes about you. Also my mother’s special saying to all of us was, â€Å"The Golden Rule†. If everyone followed that one thing, Do unto others as you would have them do to you, this world would be a much better space. It sounds so simple but many find it very difficult to abide by. I find myself sometimes having a hard time following this but have found that when I do let myself I am usually blessed by the outcome. I see my character as a reflection of my beliefs and values that I have learned and nurtured from my family and church as I grew up. This along with following my mother’s advice and using the Golden Rule are the basis for most of my decisions and have become a valuable resource to me throughout my life. These beliefs along with the values that my family taught me that were i mportant, integrity, honesty and respect for others, have brought me to where I am today. They are the roots to my tree of life. I recall a book that my mother would read to me as a child, â€Å"The Engine That Could†. She would always tell me after reading it that I could do or be anything I wanted if I would just believe that I could. Just like that little engine, I find myself repeating the saying, I think I can, I think I can, I think I can, whenever I let doubt come into my mind that something cannot be accomplished. I use this in all aspects of my life. I also read that story to my children and my children. I truly hope and pray that they will use that thinking in the decisions they make throughout their lives. It has worked for me! I tell them the same thing that was told to me, that anything is possible, you just have to work hard at it and believe that you can do it. My father also had a huge impact on what my values and beliefs are as an adult. My dad worked many hours at two jobs so that my mom could stay home with us kids, which meant he was not around a lot. The time he did spend with us was very special. I remember a time in Jr. High when I was struggling with my weight and how people perceived me. He would tell me, â€Å"You are what you believe†. If I believed what people were saying about me then I would become that person and if I believed I could do something then I would accomplish it. You cannot just let life happen. You have to know what you want and believe that you can have it. Then you set goals and work hard to get there. By doing all these things I have mentioned you form your own unique and special personality that shines because of your values and beliefs. My philosophy of counseling is that when working with a client you need to think of them as a whole person and that to help them in any area you need to include what they need for mind, body and spirit. All three of these are important areas to explore because you never know where the problem stems from that they are coming to you for. You must integrate life meaning into your counseling. You have to work within the beliefs of the client and respect where they are coming from. You treat each client as though they were your only one. As my mom would say, treat them like you would want to be treated. Be willing to listen and change whatever methods you are using to meet the needs of the client. There are many reasons that a client comes to you hurt and broken. It is up to me as a counselor to find out where that hurt is coming from and help the client figure out how to fix or change that area of their life. I think I would draw techniques from many models of therapy. I think that the most important thing is to develop a good relationship with the client. Then let the client choose how their own values will guide their behavior. I see myself as being flexible, versatile and having a genuine interest in helping the client. This is all based on how I was raised and truly believing that everyone has good within themselve s and really want to be happy. You just have to be willing to understand the world of the client and respect where they come from. The theory of counseling that comes closest to my way of thin king and my philosophy would be a combination of the Adlerian Theory and the Cognitive Behavior Therapy. The Cognitive Behavior Theory deals a lot with a person’s belief system and hands on types of therapy. This fits well with what my style of counseling would be because of my belief that what you learn early in life effects everything you do unless you choose to change it. I like this theory a lot because it is an active, structured therapy. Therapy is a learning process, acquiring new skills and maybe a new way of thinking. At the same time this therapy is also very present-centered. Everyone has a past but there is nothing you can do to change those things that happened throughout the year. I believe that this therapy allows the client to gain insight and actively practice changing their lifestyles if needed. The Adlerian Theory leans towards the importance of life goals. It challenges the client to make goals and accomplish them in a variety of ways. One of the key values that I had growing up was that you decide what you want, set goals on getting there and then work hard to make it happen. Anyone can do this if they really believe they want to change. This therapy stresses that all humans are motivated by social interest and one must deal with what life deals you. The difference is in how each person deals with this. This therapy uses the techniques of gathering family history and looking at the life experiences of the client. I believe that you are shaped and made up of those experiences. They are important to who you are. I also like that this therapy is one built on joint responsibility, mutual trust and respect between the therapist and the client. There is a true emphasis on equality and not one where the therapist is better than the client. This works very well with the collaboration idea of the Cognitive Behavior Therapy. I think that you need both the past and what is happening in the present to be able to look at what your problems are and figure out how to deal with them. I am sure that I would probably pull other techniques out of other types of therapy but I see myself staying true to the two above and using them in some type of combination. They seem to work best with my way of thinking and my personality. If I am comfortable with the style of counseling that I am using then my client will be the one to benefit in the long run.

The Industrial And Commercial Bank Of China

The Industrial And Commercial Bank Of China The main aspect which has been taken into account in this report addresses the understanding of various global business strategies and organisation form and structure of the Industrial and Commercial Bank of China (ICBC) locally and globally to earn its competetive advantage. The relevant theories were taken into consideration and the in-depth analysis of global business strategy which were used by ICBC was undertaken. This report contains background informatin of the bank. The Chineses banking enviornment was taken into consideration as well as the internal enviornment of the company was analysed with the help of SWOT, PESTEL and Porter 5 forces frameworks. To illustrate the performance of the ICBC a resource audit, which includes assets, resources and core competencies was presented. This report is focuses on the identification of companys local and global corporate strategy . This report concludes with the strategic implementation of its policies, challenges which are being faced by ICBC and reccomendation to deal with those challenges. Introduction: ICBC offers its customers various financial services. ICBC operates all across the globe. According to Forbes (2011) ICBC is the seventh largest publich company. History of ICBC: ICBC started with registered capital of 20.8 billion Yuan and the capital and assets added up-to 333.3 billion Yuan. In the late eighties ICBC became the formal member of International Saving Banks Institute. In October 1989 ICBC introduced the Peony Quasi Credit Card for the first time. The ICBC network in 91 cities got connected with a nationwide computer network system in October 1990. In the early nineties the bank was according to the Euromoney Journal was ranked number 8 in terms of capital share. ICBC went global in March 1992 and its first overseas subsidiary was set up in Singapore. In November 1995 ICBC expanded out of Asia and their first office in Europe was in London. ICBC went online in December 1997 and their official website was launched. ICBC jointly with Hong Kong Bank of East Asia acquired ICBC-BEA Finance Shareholding Co. Ltd with a 75% of shareholding in February 1998. In September 1999 ICBC launched 95588 its telephone banking services nationwide and in February and August 2000 respectively, ICBC began its Corporate Internet Banking and Personal Internet Banking services. In May of 2002 Peony Card Centre was established and it became the first professional bankcard business organization in China Peony Card became a sought after brand. Furthermore, in 2003 ICBC signed Agreement with Microsoft (China) in Beijing for the co-operation of Personal Internet Bankings security. The same year on December 18, ICBC launched its new personal Internet banking product [emailprotected]. In February 2004 PricewaterhouseCoopers designed ICBCs 8 year plan for corporate governance system and over-all risk management reform system and ICBC put it in practice in April 2005 under the State Councils Approval. Moreover on October 27, 2009, with 236 billion restricted shares released to the market ICBC becomes the No.1 A-share quoted company and the largest bank in the world by market capitalization. In the last quarter of 2009 the ICBC has expanded itself as it h ad received the business licence to operate in ICBC Malaysia Company Limited from Bank Negara Malaysia and ICBC Hanoi Branch, the first license issued to a foreign bank this year. December 16, 2009, The Central Bank of United Arab Emirates (UAE) officially approved and issued a wholesale banking license to ICBC to set up a branch in Abu Dhabi, a new ICBC branch in the Middle East for ICBC to spread its wings in the region. Organisational structure of ICBC: Organisational structure can be considered as a pyramid shaped system that positions the relations between the entities within an organisation vertically. Authority, power and responsibility are focused at the top and the decisions are made here and are implemented by the rest of the organisation. (Daft, Murphy, Willmott, 2010) The structure of ICBC is a hybrid structure, a combination of characteristics of various approaches tailored to specific strategic needs (Daft,2007). Functional and divisional structures combined create the organisational strucutre of ICBC. The organisation structure of ICBC consists of series of supportive departments expert in functional duties, containing Comprehensive Administration Departments, supervisory Supporting Departments and Affiliated Institutions. In the functions economy of scale is encourged due to functional structure. A management model of centralized legal person authorization and controlling one level down and supervising two levels lower is implemented by ICBC. The banking system of ICBC is centeralised in one location. (ICBC, 2009) The strategic business unit refers to the divisional structure. ICBC contains a number of Business Development Departments: Corporate Banking, personal banking, investment banking and e-banking, etc. which can fullfil individual needs and satisfactions of clients. A hybrid structure proposes greater flexibility for organisation (Daft, 2007) that aligns with the current corporate aims and strategy with divisional goals, functional expertise and productivity. Source: ICBC Annual Report 2005 The latest chart of organisation is attached in the appendix. The distribution of power: The distribution of power has been more decentralised and flexible after ICBC turned into a public corporation as compare to early times when it was not listed. Now every hierarchical level has a decent chance to take their decision on their own. Hence, the working attitudes of its employees might increase. Now they will be more motivated as they are part of decision making process and will share the success as well as the losses of the company. The biggest drawback of this managemnt style will be communication network. With decentralising, it will be difficult to communicate with other hierachical levels because of their interest conflicts. (ICBC, 2009) Enviornmental Scanning: To analyse the strategic position of any company there are several frameworks, techniques, and methods such as SWOT analysis, PESTEL and Porters 5 forces available. SWOT-Analysis: SWOT is an abbreviation for Strengths, Weaknesses, Opportunities and Threats. SWOT analysis is used to identify the internal and external factors which can be used to achieve a certain goal or improve the performance of any business. Strengths and Weaknesses are the internal factors of an organisation and Opportunities and Threats are the external factors to that organisation. The internal factors relate to any company and the external factors relate to the external environment of the organisation. (What is SWOT Analysis, 2011) Strengths: With a market value of $239,5 billion, ICBC is worlds leading bank in the world by market capitalization and it is also one of the Big Four in the domestic Chinese banking industry and has a leading marketing share in China. Due to a strong distribution of network which consist of 18,000 domestic institutions, 203 overseas institutions and over 1,440 correspondent banks worldwide, as well as 7,085 self-service banking centres and 28,656 automated teller machines ICBC has been providing its financial services to (3.10 million corporate banking, 190 million personal banking ) customers. ICBC also developed further the cash management as it got the Best RMB Cash Management Services (China) Award by the magazines The Asset and FinanceAsia. in 2008 with the score of 96.23 ICBC topped the list of 50 Most Honoured Listed Companies of China as well as was awarded the best custodian bank by The Asset, Global Custodian, Global Finance and Securities Times. Source: own presentation With 240 million issued bank cards in 2008 ICBC was the largest credit card issuing bank in China, an increase of 28.20 million over the end of 2007. Therefore, Visa and MasterCard had awarded ICBC with Award for Leading Technology of Credit Card and Best Product Innovation of the Year respectively. ICBC is into investment banking, wealth management, insurance and asset management which lead it to the universal banking model alongside the traditional banking which helped them to diversify their revenue flow. In FY2008 and FY2009, the bank generated around 52% of total revenues from corporate banking, personal banking generates 32% of revenues, treasury and other operations contribute 16% of the total revenues. Diverse sources of revenue such as settlement, clearing and cash management, investment banking, corporate wealth management, asset fiduciary, guarantee and commitment were the main causes for non-interest income. Weaknesses: ICBCs allowance in financial year (FY) 2008 and FY2009 amounted to 130.15% and 164.41% of total non-performing loans which was higher than the impairment losses on loans in absolute terms of last two years. This increase in allowances was on account of both external and internal factors. Hence, the profitability of the bank was affected by the increased allowances for impairments. Opportunities: At the end of 2010, ICBC had 203 branches in 18 overseas countries and regions and established correspondent bank relationships with 1,358 overseas banks in 122 countries and regions all across the globe. According to Swiss Re, Total takaful premiums written in 2007 was about US$1.7 billion, and it is expected to propagate to US$7 billion by 2015. ICBC can secure the benefits of being the first Chinese player venturing into Islamic banking. Several products and new services has been introduced by the ICBC after the financial crisis as well as facilitating the foreign trade companies to conduct export and import business. Chinas insurance market is growing rapidly. . In 2013, the Chinese insurance market is forecast to have a gross premium income of $353.4 billion, an increase of over 100% since 2008. Threats: After enjoying the double digit growth for last several years, and the banking industry was benefited most of it but late Chinese economy is having a slight decline. In second quarter of 2010, Chinas economy grew by 10.3%, down from 11.9% in the first quarter of 2010 and it might remain the same for the last 2 quarters as well. With emerging China several foreign banks are interested in or already started to undertake a number of businesses, including custodian services investors, insurance agency business etc. Foreign banks in China are allowed to offer over 100 types of products and services under 12 broad categories of business activity. According to the China Banking Regulatory Commission (CBRC), within the five years since Chinas WTO accession in early 2002, operational entities opened by foreign banks increased from 190 to 312. Since foreign institutional investors were first allowed to invest in Chinese banks starting in 1996, 35 overseas banks have acquired stakes in 23 Chinese banks by 2008. As competition was continued to intensify in 2009. Hence, this could affect the revenues and profits of the bank. PESTEL Analysis: PESTEL is not just the internal environment but also the macro-economic factors affecting the external environment of a company affect the way it conducts business. These factors need to be kept in mind while formulating strategies and making decisions for the future. Demand and supply may fluctuate due to a number of vital variables that may not be in the control of the management. PEST-EL analysis is a framework used for categorizing Political, Economic, Social, Technological, Environmental and Legal issues influencing the operating environment of the organization (Johnson and Scholes 2008). Political: In 1976 China made a huge breakthrough when it abandoned its old autocratic socialist system and turned into to modern Socialism which was more focused on Market-oriented economy. China has intensified its involvement to international organization since 1990s. After becoming the member of World Trade Organisation (WTO) China has opened the doors for the foreign banks to enter the Chinese banking industry. Economic: China besides India is one of the emerging giants and it has already occupied the second place as worlds biggest economy after USA. Therefore, China is a very attractive destination for all the foreign companies especially in the manufacturing sector. There is a slight decline in the Chinese Economy due to the financial crisis but the forecast for the coming years is much brighter. In comparison to planned economy before 1976, China is reforming its economy now for a more open market and free trade with other countries. Social: China ranks at the top in terms of population which is 1,331,460,000 till 2009. China lacks the high potential individuals and has the insufficient leadership which can follow the rapid economic growth. To control the population the policy of one child is not seen everywhere with the correct frame of mind. The biggest hurdle for all the foreign companies is the language. Chinese people are tied strongly with their culture therefore local language is the only way to conduct the business. Technological: Since the introduction and popularity of Internet online shopping is more into practice now in China According to CNNIC the number of online purchasers is 420 million. Internet Banking and Telebanking is becoming more common now. In 2006 China had approximately 400 million mobile phone users and 6.1 million of them are connected online. Environmental: The natural resources such as land water and air and the environment of China has been damaged seriously by its rapid economic progression. A large amount of usage of polluted energy such as Coal and oil. China is the third largest coal and oil consumer in the world. Human right Issue (500,000 individuals are in custody without any charge and trial and 1 million cannot access to Legal system. (Amnesty International) Legal: A set of policies has been established by the Bank of China to fight against white colour crimes. More than 200 administrative rules and regularity documents has been implemented by China Banking Regularity Commission to control the financial crimes. China offers a open market to the foreign banks. Porters 5 Forces Framework: According to Porter there are 5 main forces which can shape every market and industry. These five main forces assist to figure out the intensity of competition to the profitability and attractiveness of an industry. Porters 5 forces framework on banking industry in China will provide us a sutiable tool to depict ICBCs position in the chinese banking sector. Being a leader in the banking industry ICBC has to deal with all these forces to sustain its top ranked position. These five forces are: risk of new entrants, rivalry, bargaining powes of buyers, bargaining power of suppliers and threat of subtitute prodcut. Porters 5 forces framework for ICBC as follows: Risk of new entrants: The enty barrier for foreign banks has disappeared when China Joined the WTO in 2002. Many foreign banks consider China a profitable destination for banking industry. Several finanacial and non financial companies can easily come to China and start operating their business. Rivalry: Besides the Big Four banks in China several other foreign banks have started their operation in China which has intensified the rivalry which has been there forever. Now ICBC has to compete not only with the Big Four sondern with big foreign banks such as HSBC. Bargaining power of buyers: Banking industry is a high buyer concentration industry. China is the largest country in terms of its population. A significant number of people use bank service, such as deposit money, mortgage, loan, investment, insurance and currency exchange these days. Internet is changing everyones life customers can easily obtain the information via internet. In the banking industry interest rate and service charge are senestive indicators for customers. In recent years various subtitute products and services are available for example currency exchange, insurances and loans and they are provided normally by the other financial institutions. Bargaining power of supplier: Credit Card industry is a high concentration ratio industry and ICBC has been awarded with awards from the leading companies such as VISA and MasterCard Worldwide. Although few Aother companies also provide credit card system, such as JCB and American Express but theie market share in the world is much less than VISA and MAstercard. So switiching cost might be high for ICBC. Substitute products: Internet made a huge difference to many organisations when it comes to deal with money. Now they do not need to transfer huge ammouts through banks. They can do the same with other low charge service and it is also more convinient. The services such as Real-time money transfer (i.e. Western Union), real-time payment (i.e. Paypal), currency exchange (i.e. Xe.com) and insurance (i.e. InsWeb.com) through Internet provide a high quality but low service charge service. Resource audit: Opportunities can be created and exploit in the external environment in which a business usually operates. Besides these opportunities threats are also present which can impair any business. However, to deal with these threats and exploit the opportunities, a business requires the right resources and capabilities. The current holding resources of any company can be recognized by the resource audit. These resources can be either owned (e.g. plant, machinery) or acquired from other resources such as partnerships and joint ventures. Financial resources: Existing Finance: According to the first quarterly report (2011) of ICBC, the bank has continued to push forward to their growth and obtained a sustainable profit as compare to last year. The total assets have an increase of 6.92% from the last year and its value is now 14,389,996 (RMB in million). Besides the assets the liabilities have also increased simultaneously and its value is now 13,517,771(RMB in million) which are 6.97% more than last quarter. The equity attributable to equity holders has an increment of double digit (10.54%). Net profit for this period is 53,836 (RMB in million) which is 29.03% more than the first quarter of 2010. The result shows the successful implementation of their strategy local and globally. Human resources: ICBC is enjoying the services of 387,000 employees till December 2010 at its global and local centres. Physical resources: ICBC has till now around 18,000 outlets and 23,000 ATMs all over China. Intangible resources: As being the leading institute in the banking industry ICBC is enjoying their good brand image. ICBC has also obtained the partnerships with several banks all across the world especially in Africa. ICBC has also won the reputation for their Internet banking services. ICBC has one of the secure internet banking system in China. Current Strategy: In June 2009 ICBC had introduced its three year new Development Strategy Plan and Implementation Scheme of that plan to all its offices. In the last ten years of ICBCs strategic transformation this plan is the second three year plan and it was based on the implementation experience of the development strategy plan of years between 2006 and 2008. This plan was produced after a comprehensive analysis of the latest development of ICBC and the economic and financial trends at domestic level and global level. Implementation experience of old Plan (2006-2008): The base of this strategic plan was laid on the experience of achievements and failures which had been achieved by ICBC in last 20 years as well as on the direction of Chinas financial reforms. The aim was set to achieve this strategic transformation within next 10 years. The strategies such as adjustment of management structure, development by areas, innovation, service differentiation, cross-border management, comprehensive risk control, and emphasis on technology and human capital were executed successfully and ICBC got better results than it originally expected. Therefore, at the end of 2008 ICBC became the number one ranked bank in market value as well as it became the most profitable bank in the world. ICBC was mainly successful because it enhanced the capability of comprehensive profit-making, paid a close attention to risk control and decided to achieve transformation in self-development. ICBCc new three year Plan (2009-2011): The successful implementation of previous strategic plan gave ICBC the assurance to carry out transformation strategy further to sustain the progress in development. The new plan offers the guiding idea that Guided by scientific outlook on development, striving to enhance core competitiveness, continuing to promote management structural transformation, developing more innovations, and achieving fast, stable and sustainable development of ICBC to seize opportunities to strengthen and to brace its market position. To apply this strategy ICBC has decided to start from the reality and carry out the scientific outlook on development into every step of transition. The New Plan proposes ten strategic projects which attach emphasis to structure adjustment, finance innovation, service upgrading and etc., and a set of precise objectives and measures for various regions and for diverse services according to the general objective and task design of the ten strategic projects. For the successful execution of the strategies ICBC also introduced an implementation scheme to make thorough and specific arrangements of the tasks and responsibilities for different departments and branch offices. ICBC establishes coordination mechanisms to coordinate the New Plan to ensure the flexibility and adaptability. Furthermore, at the start of each year, required adjustments will be made to the evaluate indicators according to the actual changes in the business environment and the implementation effect of the new plan in the preceding year. The existing problems, implementation progress and the implementation situation would be strictly monitored through regular inspections and reported to the Board of directors. To accommodate their corporate social responsibilities ICBC has developed poverty alleviation project in Nanjiang County and Tongjiang County in Sichuan Province and Chengkou County in the city of Chongqing. Over 300 (RMB in millions) has ICBC invested already in this project. This amount includes loans as well as the donations which have been distributed by the bank to eight hope projects which includes schools and medical treatment centres. There are several other projects which ICBC is directly responsible or helping them to improve the social life of the people of China. According to the Annual Report Announcement 2010 ICBC has earned more profit in 2010 as compare to 2009. ICBC is getting those results because of their clear and good implementation of that strategy. Besides the increased profit overseas asset size had also increased in the last year as shown in the following diagram. That explains very clearly that ICBC is on the right path regarding their domestic and global strategy. The exceptional outcome of ICBC in 2010 especially at a time when it was concerned with a complex and changing operating environment was mainly a result of the Banks successful implementation of its strategy at home as well as overseas. 12 new branches had been established in 2010 and a global network encompassing 203 overseas subsidiaries placed in 28 countries, spreading over five continents worldwide. Every business company faces threats and challenges although the numbers depict the different picture. These challenges could be overcome by the company by bringing some minor changes in their business strategy. As many other companies ICBC also faces some challenges which needed to be addressed. Firstly, ICBC is growing very rapidly which can cause some problem as it may affect their quality of service. Secondly the bigger challenge which is coming in the way of ICBC is the competition with foreign banks. After several foreign banks entering China makes hard for the ICBC. Now ICBC has more competition and even small mistakes can lead to huge financial and customer losses. Reccomendations for improvement: ICBC is facing a few challenges during their successful stint. These challenges has been mentioned above. These are not huge challenges and does not need any drastic changes in their strategy doemstically and globally. First challenge which was mentioned is their rapid growth. To grow fast is not a challenge unless you start compromising on the quality of your services. To keep in check this problem they need more check and balance in their organsiational structuer. As I mentioned above in the organisational structure that the main problem of their structure is communication problem. When IC BC can sort out that problem then there will be no compromise in the quality. Secondly, the callenge which can cause ICBC more problem is the competition in the chinese banking sector with the foreign banks as well as with the chinese banks. These foreign banks are entering China with much more oncoming force. Now ICBC can not afford any mishandling with their customer. A small mistake can lead ICBC to huge financial and customer loses. ICBC needs to transform their strategy in a way that they deal with their competetors in a way that they do not lose any customers locally as well as globally.

Caring for Older People Essay -- Health Care, Diseases, Dementia

Caring for older people highlights many special and difficult issues for nurses and carers, such as separation, illness, loneliness, death and how to provide continued care (Morrissey et al, 1997). This essay discusses the strategies of care delivered for an older person with dementia during my recent clinical placement. Discussions will focus on normal ageing process taking into account the relevant biological, sociological and physiological perspectives and the impact this had on this individual’s life experience. Ropers’ model is used as a frame work in which cae is delivered. Other related issues to be considered include the role of informal carers and the impact this had on him. Confidentiality is maintained in conjunction with NMC 2010 code of conduct. Thus a pseudonym (Scot) is adopted where the client’s name is mentioned. Scot is a 70 year old man with a long term history of psychosis. Recently he had been diagnosed with dementia. He had been well managed on quiatiapin until he had stopped taking the medication and his psychosis had worsened. And due to his decline in his mental state, he has also been refusing access to his carer (his wife) and was at risk of self neglect. Dementia is a disorder manifested by multiple cognitive defects, such as impaired memory, aphasia, apraxia and a disturbance in occupational or social functioning, Howcroft (2004). Disturbances in executive functioning are also seen in the loss of the ability to think abstractly, having difficulty performing tasks and the avoidance of situations, which involves processing information. Scot suffers from Alzheimer’s disease, a type of dementia, which affects the brain cells and brain nerve transmitters, which carry instructions around the brain. The b... ...is condition and how she can reduce the feelings of anxiety, tension and loss of control that has resulted from the impact of Scots deterioration. By the end of my placement, evaluations showed that although there have not been significant changes in Scots mental and physical state, it is also imperative to note that he has been supported and maintained well to carry some of the daily activities of living. Whilst Scots care plan continued to be reviewed, there is also an ongoing support and educational programmes for his wife, which will enable her to effectively care for Scot. Having gained experience working with older people, I have understood that whenever you care for a person especially the older person, one must take a holistic view of the person’s physiological and psychological and social circumstance in order to provide effective and continuous care.

Learning from Mother Teresa Essay -- Graduate College Admissions Essay

Learning from Mother Teresa       Mother Teresa is the most important peace hero of the 20th Century. Many have focused on bringing peace by political means, both violent and non-violent. Though these means may bring temporary relief, they treat only the symptoms of violence. Mother Teresa addressed the root of all violence which is in the human heart. She believed in an active peacemaking and taught that "works of love are works of peace." (Collopy 14) Her power came from three things: a radical understanding of peace, unwavering devotion to victims of all types of violence, and the beautiful example of her life.    Mother Teresa was born Agnes Gonxha Bojaxhiu in Skopje, Albania, in 1910 (Vardey xx). In 1928 she joined the Loretto order to work as a teacher in India. Her true calling came in 1946 when, according to Mother Teresa, "I was traveling to Darjeeling by train, when I heard the voice of God... The message was clear. I must leave the convent to help the poor by living among them" (Sebba 46). Mother Teresa left the confines of the Loretto order to begin her own ministry. In 1950 she received papal permission to found a new religious order, the Missionaries of Charity (Associated Press, Highlights). Through the Missionaries of Charity, Mother Teresa brought true peace and hope to millions.    Love is the most fundamental peace. Peace that comes from love is not simply the absence of conflict, it is active, living, and engages our truest selves. It is this positive peace that was Mother Teresa's radical vision. For Mother Teresa, peace was so much more than political stability. Nations do not suffer, individuals do. Nations cannot be at peace unless individuals are at peace. Mother Theresa said, "The whole... ...h all you meet. Remember, Works of love are works of peace." (Collopy 14). By valuing every human being, by finding Jesus even in the poorest of the poor, Mother Teresa was a hero because she gave peacemaking love to all she met, and taught others to do likewise by her example.    Works Cited    Associated Press. Mother Teresa in Her Own Words. 1997 http://www.cnn.com/WORLD/9709/mother.teresa/quotes/index.html Highlights of Mother Teresa's Life. 1997 http://www.cnn.com/WORLD/9709/mother.teresa/chronology/index.html CNN. "Saint of the Gutters". 1997 http://www.cnn.com/WORLD/9709/mother.teresa/impact/index.html Collopy, Michael. Works of Love are Works of Peace. San Francisco: Ignatius, 1996. Sebba, Anne. Mother Teresa. New York: Doubleday, 1997. Vardey, Lucinda. Mother Teresa-A Simple Path. New York: Ballantine Books, 1995.

Death of a Salesman by Arthur Miller Essay -- business trip, aristotle

The tragic tale Death of a Salesman fulfills Aristotle’s definition of a tragedy to a great degree. The play conforms to Aristotle’s definition seamlessly for the factors of plot, thought, diction, and spectacle, satisfying all of the key necessities for each section. Character, also, fits well with his definition, but there are a few deviations from Aristotle’s perfect tragedy that prevent a seamless fit. The use of a chorus is completely ignored in this play, but being one of the least important elements, it does not affect the overall worth of the play. When the individual parts of the play are examined, it satisfies Aristotle’s requirements for a perfect tragedy. In Aristotle’s definition of a perfect tragedy he delegates plot as the most important component of the play. According to Aristotle, plot can be defined as the cause-and-effect chain that presents the incidents to the audience. This chain must have rising action, a climax, and falling action, as well as being self-contained, complex, and contain a significant meaning (McManus). Arthur Miller’s Death of a Salesman satisfies all of these stipulations completely. The structure of Death of a Salesman has a beginning, middle, and end as required by Aristotle, however the order of these are not necessarily true to form. Some events that occur in the middle of the play should be at the beginning if examined as purely a cause and effect chain, and some events at the beginning should be at the middle. The inciting action when Biff discovers his father’s infidelity during one of Willy’s business trips. The climax of the play is the argument between Willy and Biff where Biff realizes that Willy is a cause of his short comings. Biff’s statement, â€Å"And I never got anywhere becau... ...financial situation in which they live, enticing pity from the audience. This limited use of spectacle would be applauded by Aristotle. Arthur Miller succeeds as playwright with Death of a Salesman, at least according to Aristotle. He successfully blends the elements of plot, character, thought, diction, and spectacle in to a tragic tale that Aristotle would deem perfect. He took all of Aristotle’s requirements and with a few deviations put forth a true tragic tale. All things considered, Aristotle would commend this as a perfect tragedy. Works Cited Arthur Miller's Death of a Salesman. Dir. Volker Schlöndorff. By Arthur Miller. Perf. Dustin Hoffman and John Malkovich. CBS Presents, 1985. DVD. McManus, Barbara F. "Outline of Aristotle's Theory of Tragedy." Outline of Aristotle's Theory of Tragedy. The College of New Rochelle, Nov. 1999. Web. 01 Feb. 2014.

Xyz Affair

From March of 1797 to 1800, a diplomatic scandal occurred where Americans were outraged by demands from the French for a bribe as a condition for negotiating with American diplomats that became known as the XYZ Affair. John Adams took presidency in 1797 and inherited several problems from George Washington’s administration, including hostilities between the United States and France that began to escalate in the 1790s. The signing of Jay’s Treaty, which violated of the Treaty of Paris yet averted the threat of war with England, induced angry reactions from both American and European politicians.Democratic-Republicans believed the treaty was a humiliating surrender to the British. French leaders, meanwhile, viewed it as a union with their enemy, and the violation of the Franco-American Treaty of 1778. In response to the John Jay’s agreement, the French used forces to plunder more than 300 American ships. To stop the attacks on American shipping and settle on an agr eement with France, Adams appointed three commissioners: Charles Pinckney, United States minister to France; John Marshall, a Virginia lawyer; and Elbridge Gerry of Massachusetts.Upon arriving in Paris in October 1797, the three men experienced a hostile environment. They requested a meeting with the French government. The envoys met three secret agents to relay Talleyrand’s terms of negotiations. The three agents were labeled as X, Y and Z, but later revealed as Baron Jean-Conrad Hottinguer, Pierre Bellamy, and Lucien Hauteval respectfully. The agents insisted that before any negotiate could begin, they demanded 50,000 pounds of sterling, a $12 million loan from America, a $250,000 personal bribe to the French minister, and a formal apology to the French minister for a comment made by President John Adams.Though bribery was extremely common in the eighteenth-century politics, Talleyrands demands were too high for merely a pledge to negotiate. Pinckney rejected the terms and told the French agents â€Å"no, no, not a sixpence. † The incident became known as â€Å"The XYZ Affair. † Once the commissioners’ report to Congress became public, citizens were furious about the French behavior. Even the most loyal Democratic-Republicans, who supported a strong relationship with France, felt a sense of betrayal and many joined a call for war.Pinckney’s response to the demands sparked a rallying that spread throughout the colonies: â€Å"Millions for defense, but not one cent for tribute. † Federalist politicians were eager for a fight and the war campaign gained more support. Adams refused to declare war but advocated the build-up of American armed forces and raised taxes. Adams also accepted new laws that tried to limit protests against the government and its actions. These laws were the Alien and Sedition Acts.They made it difficult for immigrants to become a United States citizen and people from certain countries, such as Fra nce, could not become a citizen at all. The laws also restricted free speech and freedom of the press. Many citizens saw the Alien and Sedition Acts as harsh and undemocratic laws. Congress stopped commercial trade with France, renounced the alliance of 1778, tripled the size of the army, and created a Navy Department with an order for the contraction of 40 warships.By the fall of 1798, American ships were waging an undeclared war against the French in the Caribbean waters, a conflict that is known as the Quasi-War. The French seized over 300 American ships. The United States retaliated by capturing 22 French ships off the American coast and in the West Indies. Hamilton led the Federalist charge for war, but Adams remained steadfast in his refusal to sign a formal declaration of war. He believed that war with France would divide the colonies and lead to a civil war.This could be Adams’ finest hour because his of his decision to put the interests of his nation ahead of those o f his party. 5 In 1799, Tallyrand, who did not want to deplete the French military with a fight outside of Europe, let it be known that he was willing to talk. Adams sent another delegation to negotiate a peaceful end to the quasi-war with France. But by the time the envoy arrived in Paris, Napolean Bonaparte was in power and looking to cut ties with America.The two sides finally produced an agreement called â€Å"The Convention of 1800,† that annulled the 1778 treaty of alliance and excused the French from damage claims of American shippers. Had Adams chosen war, it may have jeopardized the American purchase of Louisiana in 1803. The threat of war with France was eliminated. President Adams showed Europe that the new American nation was ready to defend itself and would not be bullied anymore. The naval program Adams helped to stimulate would also help the United States defeat the Barbay pirates in the First and Second Barbay war as well as aiding in the War of 1812.

Critical Analysis of Dramatic Irony in Hamlet

Critical Analysis of Dramatic Irony in Hamlet Ophelia loves Hamlet although we believe he doesn’t feel the same way towards her by the way he treats her at certain times in the play, but he truly in the end does show he loved Ophelia. This incident manipulates audience sympathies, develops character and develops the conflict of the play. It manipulates the audience sympathies because it’s showing something that the audience has probably seen in reality.When there’s an incident like this occurring in real life, people will feel sad because of the negative things that are happening to a person. In this incident, the audience knows that she’s been falling for Hamlet, and still the audience would prefer seeing the best outcome happen to Ophelia, though the audience knows the reason for it to not happen, therefore the audience sympathies become manipulated. This incident develops the character because by Hamlet not feeling the way she does towards him, it gives the audience an insight on how Hamlet feels about women.In this case, the audience can see that Hamlet’s disgust of his mother’s sudden marriage makes him become an antagonist towards women. He thinks they’re all alike, easy to persuade like his mother was persuaded by his uncle and in haste too. It develops the conflict of the play because throughout the play, a new negative feeling of Hamlet’s, always becomes expressed, and follows one after another. It builds on to the play, which makes Hamlet say later on, â€Å"to be or not to be. Each time Hamlet feels bad the more he doesn’t value his life and the more he feels like being dead. In conclusion, this is how the incident has an affect. It does so many things to the play, like how it brings out a character, how it reaches out to an audience, and how it builds on the conflict. This incident is one of important parts of the play because without it, we may not see Hamlet the way we see it now.

Censor Ship of a High School Newspaper

Censoreship of a High School Newspaper Students at Central High School have written an article called â€Å"Underage Drinking Rampant at Central High†. The article is in the High School newspaper called The Tiger’s Eye†. The article is about teenagers from the high school are underage drinking and it is out of control. The students want to distribute the news paper to the school. The School’s Administration is against the distribution of this article. The principal and superintendent believe the article should be censored from the school.But the students believe that distributing the article will inform younger teenagers about underage drinking, and will prevent them from drinking. Although the Administration believes that the newspaper should be surpressed, it should still be distributed. The first reason the article should be distributed is because it’s the law. The Constitution contains all the laws of the United States. The First Amendment of the U. S. Constitution guarantees the right of freedom of speech and freedom of the press. According to the First Amendment â€Å"Congress shall make no law†¦ abridging the freedom of speech or of the press†¦Ã¢â‚¬  (134).Freedom of speech means that the students can write and publish whatever they want. In addition, the editor of â€Å"The Tiger’s Eye† pointed out that the principal and super intendent â€Å"want a community in which everyone obeys the law. Everyone but them† (134). In other words, the administration should also obey the law. However, the law does apply in some circumstances. For example, the U. S. Supreme Court decided that High School Administrations have the right to censor or forbid topics that can be sensitive to students.The Administrators believe that underage drinking is a sensitive topic and that they should forbid the distribution of the article. But everyone knows about underage drinking, so it is not a sensitive topic. There fore, the right of freedom of the press should be respected. The second reason the article should be distributed is so the students learn about the what happens when you drink. The consequences that underage drinking can affect you are serious. Almost everyone at the high school kows about drinking. An anonymous person stated â€Å"First you drink a little. Then you dance a little. Then you find a quiet bedroom somewhere or go out ang nto your car. Everybody knows this. †(133). He or she clearly satets the a majority of the high school students knows what happens. Furthermore, Juanita C. says â€Å"Sure I drink. Not a lot. Everyone I know does. †(132). She has friends that drink and she stated that everyone she knows does. However, Trisha M. was one of the many people who said â€Å"I’m not ready to drink yet. Maybe when I get a lot older. †(133). She and the other teens that answered a similar way don’t really know what’s happening with the drinking. Nevertheless, informing people about the serious consequences can save lives.

My Home Purchase Plan

Under this Plan, the Government will provide land for the HKHS (Hong Kong Housing Society) to build â€Å"no-frills† small and medium flats for lease to eligible applicants at prevailing market rent. The tenancy period will be up to five years, within which the rent will not be adjusted. Within a specified time frame, tenants of the Plan may purchase the flat they rent or another flat under the Plan at prevailing market price, or a flat in the private market. They will receive a subsidy equivalent to half of the net rental they have paid during the tenancy period, and use it for part of the down payment. The Government has already earmarked sites in Tsing Yi, Diamond Hill, Sha Tin, Tai Po, Tuen Mun and other areas for a total of some 5000 flats to be built under the Plan. The first project will provide about 1000 flats in Tsing Yi by 2014. In the point of view of the Government, they would like to wisely spending the money of helping the sandwich class with flexibility in their home purchase plan, including the choice of opting to purchase the flat they rent, another flat under the plan, or a flat in the private market; which also want to help on slowing down the raising on both rental and purchasing prices currently in the market. The Government thinks that the current price in the market has been raised too fast and too high which is not a health saturation and start forming up an â€Å"Economic Bomb†. As the â€Å"Property Market† is one of the main factors with Hong Kong’s economic environment, if the â€Å"Bomb† pops, Hong Kong’s economic will be affected badly. But in the other hand, the Government does not want to affect the growth of the real estate too much and too fast, therefore the Government implies with this soft plan in order to balance with the situations. For the tax payers, they are mainly separated in to 2 groups: the group which cannot enjoy with the plan and the qualified applicants. For those who do not have the right to enjoy with the benefits are mainly the people who are either already owning a flat, or those people who are not qualified due to higher incomes. These people might not feel happy with the Government’s actions. For those who have already owned their own place, when the Government supporting plan comes, that means there will be more people able to buy their own place. In the last few years, the economic situation of Hong Kong was not good and people were very careful on using their money, which made the banks dropped their interest rate of borrowing in order to attract people to borrow money either on buying flats or other usages. With the needs on mortgaging is rising due to this program, the interest rate will then have the potential on rising. This will affect to those people who already own their own place for living have to pay more on the mortgage pay back or need to extend the time of pay back as the raising of the interest. The Government has setup very tight rules on the incomes and assets on qualifying the applicants for the supporting program in order to make sure all the qualified applicants are the users of the properties. Those people who do not qualify for the program due to higher income might be the most unhappy group as they would think the Government does not take care of them. Since the property prices have been increased so much in the last 5 years, although they have higher incomes, they still cannot afford the down payment on purchasing a place. For the group of people who are the qualified applicants, of course they will be very concerned for this supporting program. However, they have to wait until the second half of 2014 for the building completion and there will be only 5000 units, which is really â€Å"Too Little Too Late! † Another problem is that, the Government now estimating that the price of a 500 feet unit is 3 million, which would only apply to those flats in the remote areas. The prices for the urban residents are already far outstripped with it. Who can predict and guarantee how would the real estate pricing will be after 7 years of time (The planned building will be completed after 4 years, the applicants have to rent and live there for 3 years before they can own)? In case of the property prices continue rising, those 300 thousand which is going to be rebate from the Government still not enough to pay for the down payment. If the property prices rapidly decline, those applicants will be falling into a dilemma situation. Overall, to solve the housing difficulties of Hong Kong there are many ways, how the â€Å"My Home Purchase Plan â€Å"may receive with the desired results really depends on the future development of the real estate market trends. However, the â€Å"My Home Purchase Plan† does not really may not really be able to help on the current unhealthy situation on the property market. In my opinion, I would suggested the Government should plan on some relaxation on the income limit for public housing and pay more attention on taking care of the middle and lower class families. In fact, the magnitude of increase in property prices and rents, is seriously out of the line with the general public’s income, which directly affecting the quality of life. The Government should pay more attention on how to plan on the public housing supply and how to make better use of resources balance.

The Role of Government in Economic Recession, Fiscal Policy Essay

The Role of Government in Economic Recession, Fiscal Policy - Essay Example Government spending in the 2nd quarter increased by 11% and this spending affected the car industry and the housing market. Inventory also declined in this quarter and this reduced the GDP by 1.39%, however when aggregate demand increases the inventory level is also expected to increase. According to the congress budget office the 3rd and 4th quarter level of GDP is expected to improve due to increased government spending and a 1.6% growth rate is expected. However the recovery process is expected to take longer given that those consumers are faced with high unemployment rate, high debt levels and restricted borrowing. (Alan Rapperport (2009)) The article highlights the role of government in a recession, a recession is characterized by high unemployment rate, declining GDP level and reduced aggregate demand, from the article expansionary fiscal policy has been used to aid the economy out of the recession. However this has resulted into budget deficits which are expected to reach 11.6% of GDP this year. Fiscal policies include government spending and taxation, in a recession an expansionary fiscal policies is used, this policy measure involves increased government spending that help increase aggregate demand. ... above diagram as the level of government spending is increased then the aggregate demand curve shifts upward from aggregate demand 1 to aggregate demand 2, this results into an increase in the level of GDP from Y1 to Y2. From the US economy case the government has increased the level of spending in order to increase the level of employment and GDP. This is evident where the level of GDP in the 3rd and 4th quarter is expected to increase and the decline in new unemployment benefits claims and the reduction of in the unemployment benefit individuals. (Alan Rapperport (2009)) Increased government spending results into high inflationary pressure in the economy, as a result monetary policies that aim at reducing the inflationary pressure are used, these policies include increasing interest rates and increasing reserve ratios. From the article it is evident that the monetary policy rule used is restricted borrowing which aids in reducing the inflationary pressure. (Phillip Hardwick (2002)) Conclusion: The above analysis shows the role of fiscal policies in a recession, it analysis the policy measures that the US government has undertaken and their impacts. It is evident that the level of government spending has increased and this has resulted into increased budget deficit. This measure has helped reduce the level of unemployment in the economy and also has stimulated aggregate demand. The recovery process is expected to take longer given that consumers are faced with restricted borrowing, increased debts and high unemployment. Reference: Alan Rapperport (2009) US GDP contracts by 1% in Second Quarter: published august 27th 2009 Phillip Hardwick (2002) Introduction to modern economics. Prentice Hall publishers: New Jersey. Article 2: This article