How to write comparative analysis
Wednesday, September 2, 2020
Corporate social responsibility Dissertation Example | Topics and Well Written Essays - 16500 words
Corporate social duty - Dissertation Example Associations have perceived the significance of producing different methodologies by which they could benefit from their tasks. One of the business activities perceived as expanding the money related execution of an organization is the utilization of corporate social obligation. Quickly, corporate social duty (CSR) is characterized as those strategies by which an association limits its negative effects on the earth and society. To guarantee the boost of advantages emerging from CSR, it is essential to offer thought to representatives. In any case, little examination has been led concerning the job of the workers in guaranteeing CSR. In this current examination, the job of the representatives has been approved. Sufficiently genuine, organizations have recognized their significance and it is in such manner that they have thinking of different activities to advance worker commitment. Be that as it may, these procedures have not been utilized in the parts of the organizations outside the ir nation of origin, considering their longing to lessen operational expenses. This investigation utilizes a subjective plan to investigate the current theme. Part One: Introduction Background of the examination The significance of the idea of corporate social duty (CSR) was first tended to during the Johannesburg World Summit on Sustainable Development in 2002 (Kotler and Lee, 2005). In featuring its significance, many have contended that to guarantee their productivity organizations these days should likewise have the option to offer thought to social and natural territories. Beside this, they are moreover ordered to convey the aftereffects of their accomplishments in legit and straightforward ways (Werther and Chandler, 2010). Clearly, the members of the said highest point have perceived the way that it is through the achievement of these reasons that the productivity of the organizations is ensured. The advancement of a structure was one of the most noteworthy commitments of thi s specific highest point (Kotler and Lee, 2005). In the said structure, two methodologies were mirrored: the backing as respects the reception of administrative systems that makes the idea of CSR compulsory dependent on the conduct of the business visionary (OECD, 2001). This specific methodology is well known among creating nations and the major non-administrative associations that were available at the said highest point. As was not out of the ordinary, there were other people who rather questioned thereto. The business associations that additionally took an interest in the occasion, and along these lines added to the advancement of the said structure, referenced that consistence with the standards of CSR must be intentional and not required (Banerjee, 2007; Werther and Chandler, 2010). They additionally prescribed the need to create expansive understandings, for example, the activity of the United Nations
Saturday, August 22, 2020
Is It Addiction or Habit What Happens to Your Brain
Is It Addiction or Habit What Happens to Your Brain Do you have propensities or addictions? How might you tell and how can it sway your mind? Here is some data on the contrasts between having a propensity versus an expansion, and how it revamps your cerebrum. On the off chance that you see yourself going down the course of enslavement, itââ¬â¢s best to have the option to distinguish a portion of the notice signs.à Source:[JourneyPure]
Friday, August 21, 2020
The Green Mile Essay Example for Free
The Green Mile Essay The Green Mile was a novel composed by Stephen King in 1996. The story happens in 1932 on the ââ¬Å"Eâ⬠Block or also called death row in Cold Mountain Penitentiary some place in Georgia. It is described by the primary character, Paul, who is the commander of the jail monitors who oversee the ââ¬Å"Eâ⬠Block. The Green Mile is the corridor between the cells of the cell obstruct that prompts the execution room. The passage is shrouded in green tile, consequently, the last or green mile the prisoners take to their demise. The story follows John Coffey, an enormous, dark prisoner indicted for assaulting and killing two youthful white young ladies, and the other two detainees waiting for capital punishment, alongside the gatekeepers who watch over them. Coffey is exceptional, as Paul finds, and he has otherworldly mending capacities that become clear. The second of three prisoners, Eduard Delacroix becomes a close acquaintence with a little white mouse, who he names Mr. Jingles, and Coffey recuperates the mouse when the youthful and careless gatekeeper Percy Wetmore attempted to murder it. Coffey likewise mends Pauls urinary tract contamination, and later, Paul incidentally breaks him out of the jail to recuperate the superintendents wifes cerebrum tumor. Coffey moves this mind infection to Wetmore, the pitiless gatekeeper who the prisoners and staff disdain. Wetmore never recuperates and spends a mind-blowing remainder in a psychological establishment. In the end, Paul finds that Coffey is unprecedented in numerous territories. It turns out he didn't kill the two young ladies, another prisoner (William Wharton) or as the detainees call him Wild Bill had killed the young ladies. Coffey doesnââ¬â¢t need to be absolved, and passes on in the hot seat since he can no longer adapt to the endless loop of reality. After his demise, Paul finds that every one of the individuals Coffey has mended live abnormally long lives. Paul is 108 toward the finish of the book, and Mr. Jingles is 64. They have no clue to what extent they will live, and afterward the novel closures. Characters Paul Edgecombe Paul is the primary character. A jail watch, before the finish of the story he is an elderly person portraying this piece of his life to a companion who is composing his journal. John Coffey An about 7-foot-tall dark man, an indicted killer anticipating his capital punishment waiting for capital punishment in the jail. He becomes a close acquaintence with a white mouse and recuperates individuals of their infections. Percy Wetmore A vicious jail monitor who everybody detests. He torments the detainees, attempts to murder Mr. Rings, the mouse, and purposely bungles an execution where the prisoner endures horribly. He keeps his activity since he is identified with the senator. Eduard Delacroix A Cajun man sentenced for pyromania, he is basically a defeatist. He is the man who bites the dust an awful demise on account of Wetmore. William Wharton Another convict, it turns out he is the person who really dedicated the homicide credited to John Coffey. He is wild and startling, and endeavors to upset the jail as much as possible before he kicks the bucket. Mr. Rings The white mouse that lives to be 64. Generally speaking the novel is an immortal exemplary, was certainly loaded up with data that the film clearly doesnââ¬â¢t have. Despite the fact that the film was likewise astonishing and was designated for 4 Oscars. It showed extraordinary screenplays from Tom Hanks to Michael Clarke Duncan.
Friday, May 29, 2020
Solar Panels Research Paper - 2200 Words
Solar Panels (Research Paper Sample) Content: (Name)(Instructor)(Course)(Date)Solar panelsIntroductionA solar panel is an electronic system made of solar cells that converts sun energy which is in form of photons into an electric current in form of electrons. A solar panel is made up of electrically connected solar cells that are mounted into solar arrays. They still work not only in full sunlight day but also during cloudy days. However, during a sunny day, more electricity is likely to be produced than during a cloudy day. Solar cells are made of semiconductors that are excited by photons to produce free electrons that flow as electrical current. Sunlight on the cells creates electric fields across the cell layers which in turn produces electric current (Morris, Pg. 102). A solar cell is a semiconductor device in solid state that is stimulated by photons to produce electric power in form of direct current. Semi conductors such silicon and gallium arsenide are used in making solar cells (Hantula, 79).Efficiency of solar panelThis is defined as the measure of a photovoltaic solar cell to convert sunlight into beneficial energy necessary for human use. A higher efficient solar panel is best fit for small roofed houses for optimal utilization of the constrained space. This efficiency is found in the specification sheet accompanying the panel on purchase. The formula used for calculating maximum efficiency of a panel is given as;n=PE*An = maximum efficiencyP = maximum power outputE = incident radiation fluxA = collector areaIncident radiation flux is a sunlight amount reaching the earth surface. From the equation therefore for a roof with large area, a less efficient solar panel can be used which means a low cost panel but still optimal power shall be availed. A small roofed house on the other hard shall need a high efficient panel for optimal power output (Boxwell, Pg. 87).Types of solar panelsTypes of solar panels are based on the material used to make the, arrangement of the material or how the produce electrical energy. They are; thin film solar panels and generally silicon solar panels. Convectional and non-convectional are the main classifications of solar panels (Hantula, 105).Conventional solar panelsMonocrystalline silicon or single siliconThis is a very effective solar panel that has been lately developed to capture optimum sunlight falling in it and converting almost the whole energy into electricity since there levels of silicon are high. The panels are more costly than any other type of solar panel. These solar systems are mostly used in roof for production of electrical energy (Morris, Pg. 112).Polycrystalline silicon or multi siliconPolycrystalline silicon panels are less expensive to produce because they use less silicon in their cells. However, they are designed in such a way that they are still efficient and effective in their energy production hence some they can be found in roof tops though they are meant for large farms energy production due to large space required in their installation (Hantula, 130).Thin film solar panelsThese are less effective solar panels that are produce inexpensively by spreading a thin film of silicon in a large surface of ceramic plate. Successful thin films used includes; amorphous silicon, copper gallium and cadmium telluride. They have efficiency ranging from 10% to 19% (Boxwell, Pg. 102).Non conventional solar panelsBuilding integrated photovoltaicsThey are normally integrated in roof system of a building which makes them look like roof tiles. The roof normally appears very attractive with BIPV though they are less efficient compared with other types of solar panels. They also require a bigger space for their installation and don not last long as the conventional solar panels (Morris, Pg. 124).Solar thermal panelsThese are solar panel that are not designed to produce electricity bur to heat water in water tanks and proved air conditioning when necessary as while as heating of the house when requir e (Hantula, 137).Design of solar panelsNormally for any design, optimal output is core driving factor within the best effective cost parameter of production. For a solar panel for example maximum power generation is the major facilitating factor while cost being as effective as possible. Therefore for the design of a photovoltaic system, it is important to figure out how various components of the system works together and how the system as whole fits within the building. In consideration of the photovoltaic system sizing of each component to fit best in the system is a key parameter in design of a solar panel (Morris, Pg. 131). Normally the most of the photovoltaic systems are pre- engineered to ensure components works together as a unit for optimal output ensuring compatibility and specifications of all components is addressed.The solar panel and the building is also considered and a system. Aesthetic of the system should be addressed placing solar panels appropriately for this rea son. For optimal output solar panels should not be shaded in any way within the roof. Therefore solar panels should be place close to the ridge of the roof far from shades as a result of gables, overhangs of the building and surrounding trees. Optimal utilization of this concepts results to cost effective output while producing maximum power. However, given the site description, distributors can design a solar panel by sizing and selecting major component of photovoltaic cells. This is because distributors have all the resources necessary for design development. Wiring then can be done by the installer (Boxwell, Pg. 129). Other than system considerations in the design of the cell cost consideration is also another major factor. Major factors affecting the cost are size, type, battery back-up and mounting of the system. The factors results from cost of components, trade off cost and labor cost (Hantula, 137).Manufacturing processPurifying the siliconIn the natural state silicon i s not pure and needs to be purified before its use for manufacturing of solar cell. Silicon is purified by adding carbon in electric arc furnace. The two elements react and oxygen is released from silicon to form a product of carbon dioxide and molten silicon. Silicon product is further purified by a technique known as floating zone technique which involves passing silicon through a zone of intense heat a number of times in the same direction. Pure silicon is left in one side and impure silicon in the other side of the floating zone (Boxwell, Pg. 155).Making a single crystal siliconSilicon boules are then made by dipping a seed crystal of silicon into melted polycrystalline silicon. The resulting boule purified more because more impurities are captured by the liquid. Silicon boules are used for production of solar cells (Morris, Pg. 136).Making silicon wafersSilicon boules are then sliced each a time by a circular saw to produce silicon wafers of 0.5 millimeters thick. About one hal f of silicon is lost in the process of making a silicon wafer from a silicon boule that is normally circular. It is important then to make wafers into hexagonal or rectangular shapes that are used in making solar cells. Polishing of the wafers is the next step in manufacturing process though from recent investigation it has been found rough cells are better in observing sunlight than polished ones. This step therefore can be skipped for this reason (Hantula, 144).DopingDoping is a process of treating the resulting pure silicon with phosphorous or boron to make it a better semiconductor. This process is done in a controlled temperature environment to ensure an appropriate depth of uniform junction is formed. Generally doping is a traditional method of adding impuritiesPlacing electrical contactsThis is the step of connecting all the cells together as well2 as electrical receiver. Electrical contacts are used for this purpose. During this solar cells are covered completely by use of l et say wax for protection purposes. Also a very thin layer of contact is made to ensure solar cells are not blocked from sunlight. After the entire contact placement is complete, thin strips are then placed between the cells (Morris, Pg. 141). These strips are normally made of tin coated copper.The anti reflective coatingSilicon being a shiny element, reflect sunlight up to about 35% hence a great loss is experienced (Hantula, 151). To ensure sunlight is not reflected an ant reflective coating has to be made on the silicon wafer. Some of the commonly used ant reflective coating includes; titanium dioxide and silicon oxide.Encapsulating the cellSolar cells are then sealed into a rubber made up of silicon. The sealed solar cells are finally placed into aluminum plate. (Boxwell, Pg. 168).InstallationSolar panels are installed on points with no shades such as roof tops, structural building tops or stand alone facilities. This is done to ensure solar panels are exposed to direct sunlig ht to ensure solar panel is maximally effective all year long. Modern technology incorporates a design for tracking sun in the sky. For optimal capacity solar panels should be place direct to sun light. Photovoltaic array is positioned under the noon time sun (Morris, Pg. 154). All branches of trees and other un necessary items that may in any way block direct sunlight are trimmed and removed from the scene. Photovoltaic solar panels are installed by use of solar panel mounts.OperationA solar cell is made up of p-n junction. Using a photovoltaic effect the junction converts light energy into electricity which is a direct current. The p-n junction is made of silicon a material with a high ability of absorbing solar energy known as photon. Electrons are then raised to a higher energy state hence flowing to an external circuit. The...
Saturday, May 16, 2020
Sports Sports Business Management Essay - 1300 Words
UCF Sports Business Management Masters In order to be successful in sports business, one must be able to relate to the complex relationship between profitability and maintaining relationships. Having relevant experience and and education of these issues in sports is paramount to finding this success. This includes work with the community and other extracurricular activities that help one understand what it takes to be a successful sports professional. I will outline the experience, educations, and beliefs that I believe make me a strong fit for the Devos Sports Business Management Program. The Devos Program would give me the best chance to succeed in sports business. I am also applying to the University of Massachusetts-Amherst as a secondary option. The curriculum covers a wide variety of topics applicable to both collegiate and professional settings. For example, the Facilities and Event Management course covers topics which allow one to navigate the complex world of sports stadiums of professional and collegiate backgrounds. Sports Analytics covers the fastest rising trend in professional sports. With a background of not only the statistical application, but economical theory as well, this course prepares an aspiring professional for use of analytics in the workplace. The Sports Business Management Core is not the only area that is outstanding. The managerial accounting and strategic finance courses provide students with the ability to make financial decisions in what isShow MoreRelatedEmmanuel College s Development Of Their Students Spiritual And Intellectual Grow th1060 Words à |à 5 Pagesof study through their Schools of Arts and Sciences, Business, Education and Christian Ministries. The School of Business offers Bachelors of Arts and Science in Business Administration, with either a Management or Computer Information Systems concentration. The Communication Studies Department offers Bachelors of Arts and Science in Graphic Design, Organizational Communication and Digital Media Production. The Kinesiology and Sports Management Department offers Bachelors of Science in KinesiologyRead MoreThe Career of Sports Management Essay743 Words à |à 3 Pagesactually participating in the sport?â⬠Well, there are certain professions that give you those incredible opportunities if you are not able to be a player or a coach. Sports management allows you to take part in worldwide sporting events on the business end. Sports management dates back to the beginning of sports but it was not really organized. In the 1960ââ¬â¢s, a man by the name of Dr. James G. Mason started academic programs that allow people to partake in sports management. After 1966, when Dr. MasonRead MorePfeiffer University : University Application Requirements Essay1025 Words à |à 5 Pagesprograms. The sport management, which is offered through the universityââ¬â¢s Division of Business, prepares graduates for careers in sports communications, athletics administration and facilities management. The Bachelor of Arts in sport management program explores the unique sport management and administration industries. Many graduates go on to find employment as coaches, leaders and directors of professional sports teams and programs. Others find work in athlete administration, sports facilities coordinationRead MoreNba General Manager Of A Nba Team1206 Words à |à 5 Pagespromoting business partnerships or negotiating to build new team facilities. Sports Marketing A sport management degree is like a business degree so it opens up the job variety to jobs like Sports Marketing. A sports marketer can work at the college and professional level doing all things business and advertising for a team or sport organization. Sports marketing follow the four P which are price, product, promotion, and place. Sport marketing controls all parts of the sporting business which areRead MorePersonal Statement : Athletic Director1295 Words à |à 6 Pages When I was deciding what I wanted to choose for my major, I thought about things that I love doing. One thing in life that I have passion for is sports, whether it be playing sports or helping others develop their skills for their sport. My long term goal for a career, I want to be an Athletic Director for a college. In order to become an Athletic Director there are certain step that someone needs to do in college to try and have the best chance at getting their dream job. Athletic Director isRead MoreBus/2 10 Week 4 Swot Analysis of New World Agency Inc. Essay850 Words à |à 4 PagesSWOT Analysis of New World Agency Inc. NAME BUS 210 ââ¬â Foundation of Business INSTRUCTOR University of Phoenix ââ¬Æ' Company Profile New World Agency (NWA) is a sports management firm that aims to provide elite athletes with unparalleled professional representation in North Americaââ¬â¢s most competitive and lucrative sporting associations. Founded in 2010, NWA brings together highly credentialed industry professionals to offer a comprehensive solution to playersââ¬â¢ needs both on and off the field ofRead MoreEssay about A Career in Sports Management2635 Words à |à 11 Pagestheir life. Foremost it is wise to see what the job entails. Sport Management is perfect for those who enjoy helping and working with people, especially when dealing with sports. The next part of the decision-making process is looking through the various schooling and training required. Lastly, take into consideration the advantages and disadvantages. Usually with great salaries comes a big responsibility with high stress. ââ¬Å"The sports industry in the U.S. is a $200-billion-dollar-plus powerhouseRead MoreHow Successful Is S ingapore in the Sporting Industry3451 Words à |à 14 PagesI. Introduction The body of this report is divided into two main sections. The first part addresses the main sports development in Singapore and the second assesses these developments and sheds light on problems encountered in the related developments. II. Sports Development in Singapore Much of Singaporeââ¬â¢s economic success has been attributed to its status as a world-class commercial and trading centre. In the past century, the government has focused most of the nationââ¬â¢s policies toRead MoreThe Biography And Career Plan1852 Words à |à 8 Pageswith a minor in Business Management and a Masters in Sports Management from the University of San Francisco. She has experience as: a marketing intern for the LA Galaxy; a volunteer for Ironman in Hawaii; an event intern and event coordinator for the Tiger Woods Foundation. Jamie started with the Ducks in October 2005 in the Signature Programs and Events Department. Her responsibilities include a little of everything but she describes herself as an event planner for a professional sports team and concertRead MoreMy Influence Of Sports On My Life2086 Words à |à 9 Pagestimes, as long as I keep trying. Out of the many interests that I have pursued, one thing stands out to me. I love sports. I have participated in sports since a young age, and I have discovered that a vast majority of my relationships have been made through the sports world. I can talk about sports all day long. My obsession started at a young age. The first memory I have of watching sports was on February 1st, 2004. That was the date of Super Bowl 38. Before that date, I did not really know much about
Wednesday, May 6, 2020
`` On Liberty `` By John Stuart Mill - 1458 Words
John Stuart Mill was an English philosopher and a progressive in British politics during the 17th century. He lived during a time of political transformation in England caused by the Industrial Revolution. The Industrial Revolution brought social mobility to the middle and lower class, along with more political participation. With this newfound freedom, the people of England felt their liberties were being diminished because they had the ability to accomplish all the more but in some cases, could not. This was just one question of liberty brought up during the time Mill was developing intellectually (Sparks 186). Mill wrote many works that trifled with the idea of gender equality, government structure, and economic principles, to name aâ⬠¦show more contentâ⬠¦The largest and arguably most influential point Mill makes in his essay is that the harm principle does not only apply to the government anymore but to all of society. In making this argument he is defining societal value s in that it shaped areas in which society must respect personal liberties. He constructs his statement on how the harm principle is applied to society in three parts. His first assertion pertains to the liberty of oneââ¬â¢s own mind. He states, ââ¬Å"the inward domain of consciousness; demanding liberty of conscience, in the most comprehensive sense; liberty of thought and feeling; absolute freedom of opinion and sentiment on all subjects, practical or speculative, scientific, moral, or theologicalâ⬠(Mill 20). In saying this, Mill means that a personââ¬â¢s liberty cannot be persecuted if they never act on them. Any thoughts a man may have are his own thoughts and he may think whatever he would like to think. This has shaped societal values because no one is truly obligated to share what they think today, nor is it a societal norm to criticize oneââ¬â¢s opinions if they differ from your own but it does happen. His second statement addresses the control one individual can have over another. He claims that an individual can plan their life as they please, and should not be met with the pressure of what others may see as being abnormal (Mill 20). By saying this, Mill expresses theShow MoreRelatedThe On Liberty By John Stuart Mills2164 Words à |à 9 Pages ON LIBERTY In John Stuart Millsââ¬â¢ profound work, On Liberty he preaches against the conformity of the nations and outwardly encourages and restlessly defends voice of the individual. The philosopher expresses the importance of individuality by warning against forces such as the government and other citizens silencing their opinion. Though Millââ¬â¢s gives due recognition to virtues such as free speech, liberty and individualism he also rightly places limitations on our freedoms to ensureRead MoreIndividualism And Liberty By John Stuart Mill1196 Words à |à 5 Pages In the essay, Liberty, written by John Stuart Mill, Mill states that individualism is the theory that ââ¬Å"[o]ver himself, over his own body and mind, the individual is sovereignâ⬠(7). Before coming to this conclusion, Mill first explains that individualism and liberty were defined in ways far different from definitions now and that true individualism did not exist until later in history. It takes him several paragraphs and even chapters to finally suggest that a man, by himself, is free to do whatRead MoreJohn Stuart Mill s On Liberty1700 Words à |à 7 PagesJohn Stuart Millââ¬â¢s ââ¬Å"On Libertyâ⬠essay, published in 1859, portrays Millââ¬â¢s perception of liberty with an emphasis on individuality. He explicitly states at the start of the essay that the main point is to ââ¬Å"govern absolutely the dealings of society with the individual in the way of compulsion and controlâ⬠(5). His push to establish the basic guidelines for the relationship between a uthority and liberty is a result of his ethical theory of utilitarianism. Throughout the course of this essay, Mill providesRead MoreWithin On Liberty By John Stuart Mill1312 Words à |à 6 PagesWithin On Liberty by John Stuart Mill, the notion of individuality and one s abilities to make choices for himself contradicts the notion of evolution within Edward O. Wilsonââ¬â¢s Consilience. Millââ¬â¢s beliefs derive from social interaction and experience in which the individual can decide for himself what is right versus what is wrong and can act upon what he believes to be the best option. Whereas, Wilsonââ¬â¢s views coincide with the idea that individuals generate decisions based off of historically discoveredRead MoreJohn Stuart Mill s On Liberty And Utilitarianism Essay2257 Words à |à 10 PagesThis essay examines and inspects liberty and order conflict based on the writings of philosopher John Stuart Mill, titled On Liberty and Utilitarianism. We will discuss how his p hilosophical views on equality as fundamental to what it means to be human. We will interpret John Stuart Millââ¬â¢s theorist view on equality as fundamental to the good or bad functioning of the state? The question and debate we would also raise will be, is equality be integral the arrangements of power? Lastly, we wouldRead MoreJohn Locke And John Stuart Mill s On Liberty Essay1748 Words à |à 7 PagesPolitical philosophers over time have developed their own conceptions of liberty and the relationship of individuals to not only society, but also the state. Political philosophers such as, Aristotle and Plato have more of an ancient conception of liberty and the role the individual plays in society and to the state. Whereas, Thomas Hobbes, John Locke, and John Stuart Mill have developed a more modernized conception of liberty and the role of the individual to the state and society. Platoââ¬â¢s work theRead MoreJohn Locke And John Stuart Mill s On Liberty Essay1200 Words à |à 5 PagesPolitical Philosophers over time have developed their own conceptions of liberty and the relationship of individuals to not only society, but also the state. Political Philosophers such as, Aristotle and Plato have more of an ancient conception of liberty and the role the individual plays in society and to the state. Whereas, Thomas Hobbes, John Locke, and John Stuart Mill have developed a more modernized conception of liberty and the role of the individual to the state and society. Platoââ¬â¢s work theRead MoreAnalysis Of The Text On Liberty By John Stuart Mill1642 Words à |à 7 PagesAccording the text ââ¬ËOn Libertyââ¬â¢ by John Stuart Mill, his position with respect to free speech is that even one person had a specific opinion, mankind is not given grounds to silence him. Millââ¬â¢s argument regarding free speech is valid because he protects the liberty of the individual over the popular opinion of society. I agree with Millââ¬â¢s point of view because I also believe that everyone should have the voice to express what they wish, excluding when it causes harm to others. Mill begins the text byRead MoreA Rhetorical Analysis of On Liberty by John Stuart Mill1638 Words à |à 7 PagesA Rhetorical Analysis of On Liberty John Stuart Mill, an English philosopher and a political economist, had an important part in forming liberal thought in the 19th century. Mill published his best-known work, _On Liberty,_ in 1859. This foundational book discusses the concept of liberty. It talks about the nature and the limits of the power performed by society over an individual. The book also deals with the freedom of people to engage in whatever they wish as long as it does not harm otherRead More John Stuart Mill on Individual Liberty Essay2353 Words à |à 10 PagesJohn Stuart Mill on Individual Liberty Definition of Individual liberty In his work On Liberty, Mill placed much emphasis on individual liberty and its vital role in political society. To Mill, this phrase may be defined as the liberty of the individual to be the final judge over his actions; to decide what is right and wrong and to act upon that standard. On a secondary level, it also implies ones freedom to pursue ones own individuality. Mill believed in a society in which each individual
Tuesday, May 5, 2020
Risk Management Customers and the Industries
Question: Describe about the Risk Management for Customers and the Industries. Answer: Introduction Dales Inc. is an international solar company that manufactures and sells specialist solar panels and components to the customers and to the industries in the UK. The company uses the Dales Inc.s Intelligent software to determine the purchases made by the customers and thereby recommend other products by email. The software has been beneficial as it allowed the company to achieve a growth in the sales trend (Soin Collier, 2013). However, the company faced a security breach that affected almost 5,000 customers of the company. The study analyses the weakness present in both the control environment as well as the internal controls that supported the loss of the data and information from the software. Based on the weakness of the company, the recommendation is made that helps to gain back the confidence of the customers and further prevent the issues from occurring in future. Weakness in the control environment and the internal controls that cause data loss Dales Inc. suffered a huge security breach that affected the company to a large extent as the company lost a number of important data about the customers. The ineffective security system of the company has been one of the reasons behind the breach. The scenario occurred when a laptop of one of the contractors of the IT department was stolen from the car. The contractor was a data analyst covering the sickness absence and was unaware of the security procedure of the company (Rockafellar Uryasev, 2013). The contractor being too casual about the security system had copied the details of the customers from the secure company server onto a memory and then to the personal laptop. It can be thus implied that the management of the company was not completely aware of the organisational rules, policies and systems and the improper communication gave way to the breach in the company. The organisation faced a lot of downfall as a number of potential customers turned against the company. There was a number of complaints filed against the company by the customers. From studying the complaints, it was observed that the complaints were received mainly from the customers whose files were present on the laptop and the memory card. The major weakness of the in the control environment and the internal controls of the company is that there is an absence of appropriate risk management system present (Bromiley et al., 2015). Recommendation that help the company to restore the confidence of the customers and prevent the issues The loss of the data and the breach that took place in the Dales Inc. caused the company to observe a drastic downfall in the organisational performance. The customers had a number of complaints against the company as they were highly dissatisfied with the irresponsibility of the organisation and the harassment they had to face. In order to deal with the circumstances, the policy of Dales Inc. was to gain clarification from the account holder and suggest them that the order might have been placed by someone else in the family who knew the password of the account and was thus able to operate it (Rampini, Sufi Viswanathan, 2014). Moreover, the customer service department of the company wrote to all the customers who held an account in the company. The customers were asked to cancel any sort of disputed charges on the account. Moreover, to gain the customer loyalty, they asked the customers to review the transactions on their individual credit card statement to identify if there has been any sort of unauthorised payments. There was a number of customers who complained about the company to the major new channels of that area (Kaplan Mikes, 2012). As a result, many potential customers disputed their payments that were made over the past few months. In the opinion of McNeil, Frey Embrechts, (2015), the company will be able to avoid the situation from happening again in the future and also gain back the customer by adopting certain risk management strategies. Determining board risk oversight responsibility is one of the strategies that will help the organisation to manage the risk present in the organisation. It is the managers who are responsible for the risk management and the board of the company is responsible for looking after the management process. This helps the boards to identify, monitor and mitigate the risk present in the organisation. Moreover, enhancing the risk intelligence allows the company to perceive the risk management at all the levels of the organisation and thus allows the company to carry out the business despite the risk. Glendon, Clarke McKenna, (2016) mentioned that it is important to communicate the responsibilities and make the contractor aware of the security management system present in the workpl ace. Thus, aligning the risk management with the strategies will help Dales Inc. to achieve the desired objectives regarding risk management and gaining the customers confidence. Desirability of capital investment in the UK Dales Inc. shows the keen interest in the investment of capital in the UK in order to manufacture industrial solar panels as the financial manager claims to gain the higher profit from the investment. As per the evaluation, the capital expenditure of 10m would be required while an extra 1m will be recovered from the project at the end of five years. The annual revenue from the project as estimated by the finance of Dales Inc. was 2m with an operating cost of 1m. The investment project is considered to be a zero scrap value project. The company desires the capital investment in the UK as the industrial solar industry there has an equity beta of 1.40. The ratio between the average debt and the equity gearing ratio has been 1.4. The debt capital was further found to be virtually free from risk. The current return on the government stock of UK was 9% and the excess market return was 9.17%. Thus, the market of UK was suitable for the capital investment. Dales Inc. would be able to gain the higher profit from the investment. Nevertheless, the company gains certain additional benefits from the capital investment. The corporate tax being 35% in the UK, the managers would be able to pay the tax without delay. In the opinion of Lam, (2014), there would not be any US tax on the project due to the double-taxation agreement. The project is considered to be desirable for Dales Inc. as the managers estimate positive outcome from the investment project. The company is able to recover the invested amount plus an extra amount fr om the investment and hence, the undertaking of the project is recommendable for Dales Inc. Limitations and difficulties of using the Capital Asset Pricing Model The capital asset pricing model (CAPM) is a model that describes the relationship between the systematic risk and the expected return on the assets and the stocks of the organisation. Chance Brooks, (2015) argued on the implementation of the model in the organisation due to the various limitation of the model. The values have to be assigned to risk-free rate of return, a rate of return, equity risk premium (ERP) and the equity beta before using the model. The evaluation of the ERP value is a difficult task. The CAPM does not provide the managers of the company with a clear view about the average stock return. Christoffersen, (2012) further criticised the model by stating that it fails to describe why small shares serve better outcome than the large shares. According to Pritchard PMP, (2014), Capital Assets Pricing Model (CAPM) can be carried out perfectly in time while there is a chance of mispricing the shares. The unqualified alpha can be zero when the alpha is either not conditional, beta fluctuation occurs with time or there is market equity or volatility (Sadgrove, 2016). The CAPM is also unable to illustrate the premium values. Thus, the limitations and the difficulties of the capital asset pricing model suggest that the company needs to be very careful regarding the implementation of the model in the business. Conclusion Dales Inc. experiences the breach in the organisation due to the ineffective control system and the improper risk management system considered by the managers. The breach resulted in the loss of the useful data or the information about the potential customers of the company. This scenario caused the company to lose a number of customers as they lost the confidence on Dales Inc. The company had the various weakness that resulted in the loss of the data. It was thus important for the company to consider policies or strategies that would help to address the situation that Dales Inc. had been facing. The consideration of the recommended risk management strategies supports the process of gaining back the confidence of the customers. This would allow the company to gain back the market position. Moreover, the capital investment seems to be desirable in the UK due to the various positive factors. The company would be able to gain a higher profit by investing into the project. However, the Capital Assets Pricing Model (CAPM) has a number of limitations that needs to be kept under consideration while implementing in the business environment. 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