Monday, September 30, 2019
Community Medicine: Much More than a Mere Clinical Subject Essay
Abstract: Medical doctors bear a great burden of caring for both the healthy and ill in the society. An avaricious doctor who has thrown basic ethics to the winds is an abomination to the profession. Over the years as knowledge progressed, the art of medicine slowly changed from a ââ¬Å"philosophyâ⬠to a ââ¬Å"technologyâ⬠with emphasis on machines and procedures. There is a danger of a contemporary doctor running amok, treating his patients as diseases and harassing them with the latest technology. The fathers of the medical world after careful thought put together some rules, principles and precepts to help make a modern doctor behave rationally and responsibly. Community Medicine was thus born of a need to help medical professionals strike a balance between man, medicine, society and environment. It is the ââ¬Å"religionâ⬠of the medical world! Community Medicine helps us adopt at different times promotive, preventive, curative or rehabilitative roles depending on the need we perceive in the world surrounding us. It may be overwhelming to realize that our understanding of clinical tools(diagnostic or therapeutic; preventive or curative) must be much more than all the specialists put together if we are to do any justice to the common man in his family or community! It may be sobering thought to realize that when medicine finally becomes thoroughly commercial, we will have to play a significant role in moderating our colleagues and the medical industry to ensure that our communities remain healthy. Key words: Community Medicine, philosophy, religion, clinical subject Dr. Samson Sanjeeva Rao Nallapu, Associate Professor, Dept. of Community Medicine, NRI Medical College, Guntur District, AP State, India Man is made in Godââ¬â¢s image and is essentially good. However due to the various stressors of every day life, man tends to stray from being good. His socio-economic position, expectations of life, experiences in life and desires etc. make him behave anywhere between ââ¬Å"not so goodâ⬠to down right evilâ⬠; from ââ¬Å"not so satisfiedâ⬠to ââ¬Å"immoralâ⬠, ââ¬Å"covetousâ⬠ââ¬Å"greedyâ⬠and ââ¬Å" self-indulgentâ⬠. To overcome this we have religion. All religions fundamentally advise man to be contented and moral in his relatively short span of life. Every religion propagates a set of laws which help man choose between good and evil. They show men a way to live in harmony with his neighbor and his environment. Religion also promises man eternal life and riches in the hereafter as awards for a life spent being and doing good. By now, if you are still reading, you may wonder where I am heading. Well. This simple analogy can be applied to o ur subject i.e. Community Medicine and the medical world at large. Medical doctors bear a great burden of caring for both the healthy and ill in the society. Doctors have to be exemplary people teaching their patients to lead healthy lives and helping them to overcome illnesses. Doctors therefore have to lead lives of moderation, always willing to help those in need and ready to give necessary advice. The grateful community in turn respects and even deifies their doctors. A greedy, money grabbing doctor who has thrown basic ethics to the winds is an abomination to the profession. The same applies to a doctor who is only interested in the curative aspect of disease due to the pecuniary benefits it fetches him. Over the years as knowledge progressed, the art of medicine slowly changed from a ââ¬Å"philosophyâ⬠to a ââ¬Å"technologyâ⬠with emphasis on machines and procedures. The precepts of medicine which are nothing but what we read today as principles of Community Medicine, are slowly becoming irrelevant and obsolete to todayââ¬â¢s pr actitioner. There is a danger of a contemporary doctor running amok, treating his patients as diseases and harassing them with the latest technology which is his ammunition. The fathers of the medical world after careful thought put together some rules, principles and precepts to help make a modern doctor and the learned people in the community behave rationally and responsibly with regard to health and healthcare. So there we have it. Community Medicine was born thus and it is the ââ¬Å"religionâ⬠of the medical world! As all religions go, however, some believe and many do not; some accept it and many do not. Many even revile it and belittle it. Religion is all encompassing to the believer but terribly boring to the skeptic. Therefore we find ourselves defending our religion, trying to propagate it, searching for converts and disciples. We are dealing with the truth, but circumstances and the state of affairs hinder people from recognizing the truth. So here we are today, all of us in the profession of medicine, basic doctors first and only then specialists. Community Medicine puts things in perspective. Our field talks of comprehensiveness, inclusiveness and wholesomeness. We can neither divide the body from the mind nor man from his society, his culture and his environment. We as priests of this medical religion are compelled to uncompromisingly put forth our thoughts and ideas to the world at large and especially to our hospital colleagues and others. As teachers of the subject we cannot undermine our role in shaping the young minds entrusted to us. It is a great opportunity to help these young ones to look at medicine again as a philosophy and not purely as a technology. Looking at it from this angle we realize that Community Medicine is much more than a clinical subject. It may be promotive, preventive, curative or rehabilitative roles that we adopt at different times depending on the need we perceive in the world surroundin g us. We have to however keep in mind that all these approaches carry equal weight when evaluating the bigger picture. Yes! We are clinicians! But it is just one facet of our function. We need to be clinicians because that makes us better health educators, better preventive medicine practitioners and better rehabilitators not just for our patients but their families and even their communities. It may be overwhelming to realize that our understanding of clinical tools(diagnostic or therapeutic; preventive or curative) must be much more than all the specialists put together if we are to do any justice to the common man in his family or community! From a practical point of view, as we can think comprehensively and are rooted in reality, understanding the patient in a complete way, we can help the narrowly thinking curative specialist in our hospitals to effectively counsel his patient. (The above specialist came into being because we failed to convert him when he was our student). We can strive towards empowering our colleagues to inculcate promotive and preventive aspects into their practices. If they show reluctance, we can do it ourselves; mainly to help them see that it works and their patients will be more satisfied and self reliant. However our ultimate goal has to be the transfer of responsibility back to their shoulders. If we hold on, we will again be the cause of separating medicine into unwholesome sections. We need to remember that only a small proportion of people suffering with diseases come to the hospitals. The rest are out there undiagnosed, uncared for and untutored. Again if our approach is to ââ¬Å"keep people healthyâ⬠and not ââ¬Å"cure people with diseaseâ⬠, the community is where we have to be. To reach out to the masses we need to first go out to where they live and use all our skills ââ¬â communicational , diagnostic, curative, persuasive etc. to empower them . In this process we may draw on health care facilities at different levels, primary, secondary, tertiary etc. or even the grass root level people like the Village Health Guide, the trained Dai or the ASHA. Just like a surgeon can teach a student, practical and functional anatomy better than an anatomist, we can teach our students better because of not only our clinical assessment and skills but also our comprehensive knowledge of the patient. In the debate whether we are clinicians or not, there is no doubt at all. We are more than clinicians. We are the glue that puts the various aspects of medicine together. We keep hearing that there is a stigma attached to Community Medicine. We hear complaints that other specialties do not respect us. In todayââ¬â¢s world, we feel that a person becomes the temple priest because he was not good for anything else. People become priests for various reasons, one being the desire to show others the way to heaven. It depends on the priest to show his knowledge, understanding and ways to gain the respect of the devotees. Similarly we need to find appropriate spaces; be it the hospital or the community to showcase our substance. First and foremost we should stop putting ourselves down. It may be sobering thought to realize that when medicine finally becomes thoroughly commercial, we will have to play a significant role in moderating our colleagues and the medical industry to ensure that our communities remain healthy. Simply put, we hold the key to the future of medicine in our country.
Sunday, September 29, 2019
People Naturally Walk in Circles Essay
The article à ¨People naturally walk in circlesà ¨ by Emily Sohn, represents an important research when trying to completely understand human behavior and specifically, to have an idea of how our brain manages decision making, order of actions, communication and reasoning. Humans, apparently start walking in circles when we cannot see an external focal point, the moon and the sun represent some examples. In fact, when I first read the article, I was hoping to find a concrete explanation for this problem. However, soon after I knew that so many factors came into play when trying to follow a straight path. When trying to associate these investigations with other aspects of our behavior, I found out that we always find ourselves in need of a sort of a guide in order to fallow a straight line, or in other words, to do what we think is right for our own benefit. Every time we are about to make a decision, we try to find a guide, sometimes this involves getting help from others. Usually, people who get help will most likely make a better decision rather the ones who worked alone without a guide. Personally, I really think this is a big concern, given that there are no answers for such theory. Although I expected to hear from a solution, I found the article very interesting in the end, this represents another big reason why our brain and our anatomy in general is so complicated, therefore studies like this one help us understand ourselves a little bit more, which leads to keep on investigating and learning from it.
Saturday, September 28, 2019
1984 – a dystopian novel
1984 is a dystopian novel about the society of the future. Writing in 1948, he images Britain forty years in the future as a totalitarian dictatorship which combines elements of both Communism and Fascism in a powerful, omniscient police-state, based on terror. The story takes place in a totalitarian state called Oceania. The world has been divided up by Oceania and two other states, Eastasia and Eurasia. The post-war world is governed by power groups alternatively at war with one another. After the revolution, the establishment has been replaced by a dictatorship, whose leader is BB. In his features and look, BB clearly recalls Stalin, and the fact that his face is depicted everywhere is a denunciation of the cult of personality, typical in all dictatorships. Trying to control the thoughts of every citizen, the authorities rewrite history, changing events. The hero, Winston Smith, is an intellectual and rebels against this world and begins to dream of destroying the system. The description of London, capital of Oceania, in the first chapter of the book, is similar to wartime London. The environment recalls bomb-damaged London in 1948. The influence of WW2 is clearly evident; it is a nightmare that still haunts the population. Personal freedom is restricted because Oceania is in a permanent state of war and everyone is potentially a traitor. The only chance of survival is by showing obedience to the Party's orthodoxy and complete devotion to the cult of BB. Everybody is constantly watched and the use of language modified to try and crush independent, individual, autonomous thought, so that the Party will at last be in control of the whole inner being of every man. Winston Smith (whose name is a symbol: Winston stands for Churchill, and Smith is a common surname, making him a stereotype of every man) works for the Ministry of Truth, but he doesn't accept its fanatic attitude so he keeps a diary and falls in love with a girl called Julia. He makes friend with O'Brien, his superior in the Ministry of Truth, because he believes he is against the system as well. However, O'Brien turns out to be a party man who has Winston captured. Winston is the last man in BB's dictatorship who tries to keep control of his inner self, but he is arrested because his love story to Julia is illegal and mentally and physically tortured until he loses his mental integrity. When he is rehabilitated and finally released he has been turned into a robot just like all the others. He has not only understood and accepted party doctrine, he has even come to love Big Brother. The structure of the novel recalls a tragedy because it is divided into three parts: in Part 1, Winsto n tries to be free, in Part 2, when he is about to fulfil his dream, his hopes are crushed, and in Part 3, he surrenders to the system and loses his humanity. Orwell gives a description of the political system of totalitarianism. In 1984 he described the methods used to control thought, to invade privacy and break down personal resistance. The totalitarian state tries to control the thoughts of citizens through language to limit the danger of independent thought. The use of language in 1984 is especially important because Orwell shows how every concept is turned into its exact opposite by the Party, bringing out a satiric effect and tragic irony. So the Ministry of Truth only tells lies, the Ministry of Peace is concerned with war and the language is contracted, taking out all creativity from its use, much as it happens today with mobile phones. The three irrational slogans of the Party are particularly meaningful because they reveal the ideals the party is based on, thought control and reversal of concepts. Orwell is concerned with the function of political language and shows that in Oceania words are so corrupted that they now mean their opposite. This implies that once language is controlled anything that the Party doesn't approve is impossible. Thus reality is distorted and these distortions alter the human perception of the truth. This is similarly the danger hidden in mass media, whose power pervades modern society. Mass media control communication and impose a global view on all aspects of everyday life. That is why the control of mass media is important for the political party in power, because through mass media they can create consensus and alters thought so that everybody comes to think and desire what the Party wants them to think and desire. Therefore communication becomes manipulation and creates fear, as the dominant faces of BB in posters seem to say. BB IS WATCHING YOU means that everybody is controlled and can't escape. People are alienated, deprived of desires, individuality and interpersonal relationship, so that they can't but be obedient to the ruling party. So the media in the world created by Orwell in 1984 have a double function: to control human thought so that it comes to comply with the Party's wish and keep watch on people everywhere and at any time. Subject to constant surveillance, citizens never try to rebel or escape. Terror is used to monitor and control people's thoughts, feelings and actions. Orwell was politically committed and 1984 shows how precious and fragile human freedom is. In a period of social unrest, unemployment, economic depression and Nazi expansion, he turned to left-wing ideals and he went to fight for the Republican forces in the Spanish war. The experience in Spain made him aware of the political threats that could destroy left-wing ideals; he was horrified of the result of Realpolitik. He was particularly concerned with the tragic development of communist ideals through Stalin's dictatorship in the USSR. Orwell was disappointed by Socialism and believed that the writer should be independent. As a matter of fact, though he was a socialist, he was very critical of a Socialism which was detached from the reality and the needs of the working class it is supposed to represent. One of the most outstanding features is the close connection between his political views and his writing. Orwell believed that the writer was a spokesman for the moral conscience of society and his duty was to denounce social evils. The influence of Dickens is shown in his choice of social themes and the use of realistic language because he used a simple, direct style. He believed in tolerance and justice and warned against the dangers of totalitarianism and thought control. He criticized totalitarianism, warning against the violation of personal freedom. 1984 shows a prophetic picture of the dangers caused by totalitarian dictatorships which annihilate individuality and justice. He wanted to warn readers against tyranny. The world described in 1984 is a nightmare. The party has absolute control, rebellion is punished with prison and torture. He showed his concern for the quality of life, human dignity and creativity; in his opinion, these qualities are threatened by the prevailing trend in modern society, where mass media control human actions, tastes and choices. He had a pessimistic view of the masses, because he believed they could be easily manipulated through language. BB's dictatorship controlled thought, invaded personal privacy through microphones and tele-screens and broke down all attempts at resisting by brain-washing people. Moreover the strategies of the Party control not only the present and the future but also the past, by re-writing history. Winston's job in the Ministry of Truth is to alter historical records to eliminate all memories of past events and adapt them to party policy when they are inconsistent with party doctrine. Orwell's assumption is that a totalitarian state controls the thought of citizens through language to limit the dangers of independent thought. This is still true today because mass media are potentially dangerous, as they break down individuality and independent ideas by crushing imagination with conformity. 1984 is a picture of how the political system can suppress individuality and make man inhuman. Through science fiction he depicts a future world in such a realistic way as to make it very credible. The main character's will and body are broken into total submission, leaving no hope in the future of freedom, non-conformism and use of individual reason. Orwell's final conclusion of 1984's nightmarish plot is that totalitarian powers destroy human nature and men are hopelessly overwhelmed by oppressive political forces.
Friday, September 27, 2019
Why the Quran was written in Arabic Research Proposal
Why the Quran was written in Arabic - Research Proposal Example If a person set a target of ten words to learn in a day, it would only take them7 months to learn the Quran. The Quran is believed to have been written in Arabic; the language that was first revealed to the prophet through the angels. As evident from the Holy Quran Chapter 14 verse 4 states ââ¬Å"And we never sent a messenger save with the language of his nation, that he might make (our revealed message) clear for themâ⬠. 2Arabic was regarded as the language of the prophet and that of his people and thus the best way to convey a message to the chosen people would be through the language most used by the people. Arabic was the language of the last messenger of Allah, Muhammad. Some scholars see no religious inclination there as they felt it was only natural for an Arab to write exclusively in his native language.3 It would make no sense for the Holy Quran to be inscribed in any other language for the use by the Arabs. The Quran is not written by the Prophet nor was it his invention but was dictated to him by the spirit and angel of Allah. It is important for Muslim faithfulââ¬â¢s to accept that it was through the miracle of Angel Gabriel revealing Godââ¬â¢s word to the prophet that the Quran came to existence. This project is imperative in this day and age. It is important to iron out this issue once and for all to help improve cohesiveness and unity between practicing faithfulââ¬â¢s of different religions. Many people who do not understand the Arabic language- those who cannot speak or read it feel left out from the teachings of the Quran, and thus the major significance of this project will be to help them understand the truth behind the choice of language. To remove all doubt that the Quran is the message from God Allah the most high and not the writings of his messenger prophet Muhammad will also help all skeptics; Muslims
Thursday, September 26, 2019
Behavioral Interviewing and Interrogation Techniques Essay
Behavioral Interviewing and Interrogation Techniques - Essay Example While he was standing in line, my cousinââ¬â¢s wife decided to go around the mall and just meet him somewhere after he was done. Around fifteen minutes after his wife left, my cousin left the bank. He called her on her cellular phone but there was no answer. So, he went to the usual shop he knew she liked. Five minutes later, his phone went off and it was his wife calling from the bank. He tells her to wait for him there. When they meet, he finds out that she had been on her way back to the bank, located on the first level, right after he had gone to the second level to look for her. They tried a newly-opened Italian restaurant for lunch. He got a medium-sized pizza for himself and she had an order of spaghetti. After eating, they headed to the supermarket to buy what they needed for the week. When they were done at the supermarket, they decided to head home so my cousinââ¬â¢s wife could take a nap. On the way home in the car, my cousinââ¬â¢s wife fell asleep and didnââ¬â¢t wake up until they got home. Since she was able to sleep a bit in the car, my cousinââ¬â¢s wife announced that she was making dinner early so she and my cousin could watch a movie at home before going to sleep. My cousin agreed. I think that the structural technique was better in this situation because I did not really want to know anything in particular. In the beginning, I used the traditional technique and asked the WH-questions. (Gosselin, 2007, p. 4-5) This is why I was able to know the date and time of some events. However, unless I asked something, my cousin would not give me additional information. Later on, I switched to the structural technique. This proved to be a lot better. I was still about to get information from my cousin. Moreover, he sensed that I was urging him to continue after his replies so he continued telling me his story. I mostly nodded to show him I understood what he was saying. I also asked follow-up questions which encouraged him to talk more. Since he was very
Discuss the differences between PCR and QPCR. If you were designing an Essay
Discuss the differences between PCR and QPCR. If you were designing an experiment to study gene expression describe the main steps you would use. What would - Essay Example Real-time chemistries permit the detection of PR amplification early on. Quantification of the kinetics of the reaction at its onset defines the distinguished advantage of QPCR over traditional PCR. Moreover, these conventional methods utilize Aragose gels for detection of PCR amplification at the final stage of the PCR reaction (Dharmaraj, S. 2005; Kawamoto, S., Tadashi, O., Kita, H., Chisaka,O., & Okubo, K. 1999). End-point PCR has several constraints; for one, aragose gel results are obtained at the end of the reaction, which may prove to be very tedious and time-consuming. Results may not be available until after several days. One other advantage of QPCR is its capacity to capture even the slightest differences in the variable sample yields, which may not be as accurately measured through conventional aragose gels. It may also prove to be more difficult because of the very poor resolution of aragose gel, estimated to be about 10-fold (Dharmaraj, S. 2005). In contrast, QPCR is sensitive enough to detect a two-fold change. In summary, the following are the marked disadvantages on the use of traditional PCR: poor precision, low sensitivity, short dynamic range
Wednesday, September 25, 2019
Marketing Strategy for comfort cabs Business Essay
Marketing Strategy for comfort cabs Business - Essay Example In addition, Comfort cabs aims at capitalizing in planning for the travel as a way of the exploring unlimited business opportunities that are available in the northwest region of the Pacific. Information needs of target market It is important that our customers be informed of our locations, especially our head and branch offices where they make inquiries and launch appropriate complaints. The storefront of all our offices will face main streets with clearly visible entrances. We target to rent 1,550 square feet of fully serviced space for erecting our head office at a prevailing market rate of $27,099 per annum. To make the head office even more appealing to our visiting customers, additional $25,000 will be withdrawn from the business account for internal refurbishment. To cut on the costs, some of this work will be done by our staff with assistance of a few professionals. Because of our convenient location, a simple address will be detailed in our business card with a small map gui ding the customers to the main office. Our contacts will clearly be displayed on our cabs for any potential customers to contact us when they need our services. Based on the fact that modern communication is even more advanced (Kate 28), the displayed contacts will include our business website (confortcab.com) and the telephone address of the main office. Should the customer establish a closer relationship with a specific cab, such customers can be given the address of the specific cab driver to enhance more convenient contact when their services are needed. Personal selling Through the personal selling approach, the individuals make ââ¬Å"coldâ⬠calls to the potential customers informing them of their products and services and requesting these customers to try these products (Gooderl 135). In Comfort Cab business, personal selling will be a very important approach through which we will influence the customers in Seattle area. As our cabs move within the town, the drivers will stop at the strategic bus passenger collection stages to carry the wiling customers. In addition, the follow-ups calls will be made to our previously served customers to inquire about their opinions to our services, inquire of their willingness to be served by our cabs and to request for their recommendation to other potential customers. Through follow-ups, the customers are given details about our whereabouts and contact in order to contact us any time they need of our services. Through personal selling approach, Comfort cabs will be able to tailor the information to potential customer in real time. Through this direct contact, our sales personnel will address the customers concerns. In addition to the personnel responding to the customer requests on phone, others will embark on a street promotion campaign that will be targeted at informing the public of the new business, the location covered, incentives, and the charges. This information will be detailed in small cards that will also contain the company name, physical address and phone contact. Training Increasing the number of staff will be an important move by Comfort cabs. This is based on the fact that at this stage, many promotions and marketing are to be undertaken in order to create awareness of our services to the public. After recruitment, these individuals will be taken through an all-encompassing training program to improve on service delivery. The current staffs are passionate about the adventure vacations offered by this business. This is an
Tuesday, September 24, 2019
Duke Children's Hospital Balanced Scorecard Essay
Duke Children's Hospital Balanced Scorecard - Essay Example A Balanced scorecard therefore aids in achieving the firmââ¬â¢s strategic priorities and goals. In developing a balance scorecard, Duke Childrenââ¬â¢s Hospital had an established strategy: ââ¬Å"perk up communications to perk up quality of health care while reducing expenses.â⬠The organization sought to use the balanced scorecard in evaluating its business processes and stakeholder relationship due to its meditated impacts on business organizations. Duke Childrenââ¬â¢s Hospital employed the strategy of evaluating and examining its past records such as patient satisfaction survey data, in establishing the balanced scorecard. As a result of its anticipated positive results, the staff generally took it positively and was patient to reap the fruits. Analysis In the Duke Childrenââ¬â¢s Hospital, the developed BSC methodology started with the development of the strategic plan and a mission. The senior management were involved in setting the strategic goals and provided c redible support for the project. The key metrics for measuring performance were then developed and established. The process was concluded by developing initiatives that were pointed towards enhancing performance and to support the realization of the set strategic goals. The Balance Scorecard was set to act as an important platform to spearhead the incorporation of the principal methodologies, initiatives, and the established procedures across critical perspectives. Even though financial performance is a critical issue in any organization, the major focus of Duke Childrenââ¬â¢s Hospital over the balance scorecard was on clinical quality and patient safety. This interest is well executed in the organizationââ¬â¢s mission and vision. In order to thrive as planned, Duke Childrenââ¬â¢s Hospital was compelled to make a number of changes with regard to the balance scorecard. First, the initial principal concern for the organization just like any other (financial interest) was inte rchanged as key concern and instead they focused more on the patient safety and clinical quality. This was altered from the normal arrangement perspective whereby the ââ¬Å"Financialâ⬠interest was initially first, and was instead moved to position three while ââ¬Å"Quality and Patient Safetyâ⬠took the top position. Further, its significance and value was well indicated and stressed. Another change that was observed in the business process is that of linking goals with performance metrics. After the strategic plan was defined, the organization took the responsibility to determine specific goals which were then linked to each strategic perspective. Duke Childrenââ¬â¢s Hospital also sought to limit the goal to a smaller number for the purpose of maintaining focus on initiatives meant to drive the strategic plan. Specific metrics which were meant to be measured and collected after every four months were then defined and linked to the goals. In doing this, a number of me asures were employed to determine a manageable process. For instance, the metrics were derived from a variety of kept records of the organization. This involved retrieving the initial patient safety database derived from internal safety reporting systems, initial financial and hospital operational database, and the past patient satisfaction survey data, among others. Conclusion The establishment of the balance score
Monday, September 23, 2019
Human impact on the natural enviornment Research Paper
Human impact on the natural enviornment - Research Paper Example People for instance need timber for building and for fuel, but obtaining it means cutting down trees that are an important aspect of the natural environment. In view of this, the purpose of this paper is to explore the actual human impact on the natural environment. Human impact on vegetation Human existence has a significant impact on plant life. Since the pre-historic times, human beings have greatly relied on plant life for food, shelter and clothing among other uses. With rapid urbanization and the growth of populations, green patches have shrunk to alarming levels, thus requiring a re-evaluation of the interactions between humans and the natural vegetation. Human beings impact the vegetation in various ways. Some of the disruptions to the natural vegetation are fire, deforestation for building materials and cultivation of land. Human beings have used fire since pre-historic times. Fire was an important resource for various reasons such as protection from wild animals at night, c ommunication, clearing forests and in war. Similarly, the impact of fire on the natural environment has been immense. Fires may be caused by human beings or they may occur naturally. Natural fires may be as a result of lightening strikes, sliding rocks and land slides. They may also result from spontaneous combustion, which is the accumulation of heat as a result of thick, compacted and rotten plants (Goudie 26). The effects of fire on the environment depend on its scope, duration and intensity. The nature of fire will determine the extent of the destruction it causes. While some only affect ground vegetation, others will burn out whole forests (Goudie 27). The impact of fire on the vegetation is sometimes positive. The existence of some landscapes on earth such as tropical savannas, medium latitude savannas and grasslands is attributed fires. In some instances, fires are believed to help in the germination of dormant seeds, whereby once a fire burns out, seeds that were lying dorma nt in the soil start germinating naturally (Goudie 29). At the same time, some plants have become adapted to fire as it facilitates their germination and decomposition. Some areas which are prone to fires actually show greater diversity in terms of different species thus enhancing the stability of the natural environment (Goudie 30). Human impact on water Water is an important element of the natural environment. One of its key roles in the environment is the recycling of different substances. As a solvent, it carries suspended materials as it flows through and into the earthââ¬â¢s surface. Effects of human beings on water areas include the direct pollution of water resources, through directing noxious wastes into water bodies. The cutting down of trees also impacts water resources, as it leads to increased down stream flow by decreasing evaporation and transpiration. Trees, through their own transpiration process increase evaporation, which then turns into precipitation on encoun tering cold air. As a result, cutting down trees reduces the chances of precipitation, which in turn affects the amount of water available to flowing streams (Haigh and Krecek 2). Human activities such as clearing of forests and plowing of grasslands change the rate at which water and streams flow and the level water infiltration (Meyer 172). Other human activities that affect water include irrigation, which lowers the intensity and volume of
Sunday, September 22, 2019
Psychological Perspectives for Health and Social Care Essay Example for Free
Psychological Perspectives for Health and Social Care Essay Psychologists uses a range of perspectives and approaches when studying how individuals think, feel and behave. Some researchers may focus on one specific perspective, whilst other researchers study a more diverse approach that may incorporate multiple points of views. Each perspective aims to offer explanations for different aspects of human behaviour. The behaviourist approachââ¬â¢s influence to health care The behaviourist approach is based on the concept of explaining behaviour through observation and the belief in which our environment is what causes us to behave differently. The behavioural learning model learning is the result of conditioning. The foundation of conditioning is that a reward following a desirable response performs as a reinforcer and increases the possibility that the desirable response will be repeated. Reinforcement is said to be the core of the behaviourist approach. Furthermore, once a desired behaviour established, irregular reinforcement maintains the behaviour. The behaviourist theory approaches are frequently used in weight loss, smoking cessation, assertiveness training and anxiety-reduction programs. The significance of frequently and consistently rewarding desired behaviour immediately and not rewarding undesirable behaviour is crucial to the success of a behaviourist approach to learning. The principles of classical conditioning have been applied in many therapies. As its name suggests, behavioural therapy is focused on human behaviour and looks to eliminate unwanted or abnormal behaviour. Typically this type of therapy is used for those with behavioural problems or mental health conditions that involve unwanted behaviour. Examples of this include: addictions, anxiety, and methodical desensitization for phobias, aversion therapy and obsessive-compulsive disorder (OCD). Practitioners of behavioural therapy believe that behaviour is learned and can therefore be un-learned through therapy. As well as the behaviourà itself, behavioural therapists will look at thoughts and feelings that lead to the behaviour or occur as a result of the behaviour to comprehend the issue at a greater level. Aversion therapy is a form of treatment that utilizes behavioural principles to eliminate unwanted behaviour as it follows, if all behaviour is learned it can be unlearned. In this therapeutic method, the unwanted stimulus is repeatedly paired with discomfort. The objective of the conditioning process is to command that the individual associates the stimulus with unpleasant or uncomfortable sensations. There are many reasons why behaviour could perhaps be unlearned; this could be due to behaviour in which is destructive or undesirable. These undesirable behaviours come about as individuals associate them with pleasure; the brain learns that, such as, drinking may allow one to feel relaxed a lowers stress levels. This is somewhat fine, however if one becomes reliant on the substance and it begins to take a dominant part in oneââ¬â¢s life then this has become an undesirable behaviour. It is oneââ¬â¢s choice to unlearn that alcohol equals pleasure. Aversion therapy goes about eliminating this behaviour by attempting to break the association between alcohol and pleasure. The therapy, in the case of alcoholism, involves the patient drinking while together having a negative stimulus directed. The negative stimulus could be an emetic drug (one that causes the patient to vomit when drinking alcohol) such as an emetic drug, one that encouraging vomiting when alcohol is consumed like disulfiram (a synthetic compound used in the treatment of alcoholics to make drinking alcohol produce unpleasant after-effects), or an electric shock administered whenever the patient drinks. In short, then he patient is punished for drinking and, for the same reason a parent punishes a child, a successful outcome is to reduce or completely eliminate their undesirable behaviour. The cognitive approachââ¬â¢s influence to health care Cognitive therapy for depression has its roots in the cognitive theory of depression (Beck, 1967). It is an active, structured, problem-focused, andà time-limited approach to treatment which is based on the premise that depression is maintained by negatively biased information processing and dysfunctional beliefs. Treatment is designed to help patients learn to think more adaptively and thereby experience improvements in affect, motivation, and behaviour. The effectiveness of cognitive therapy for depression has been demonstrated in over 30 clinical trials (Dobson, 1989). The general approach in cognitive therapy for depression involves guiding patients through a number of structured learning experiences. Patients are taught to monitor and write down their negative thoughts and mental images to recognize the association between their thoughts, feelings, physiology, and behaviour. They learn to evaluate the validity and utility of these cognitions, test them out empirically, and change dysfunctional cognitions to reflect a more adaptive viewpoint. As therapy progresses, patients learn to identify, evaluate, and modify underlying assumptions and dysfunctional beliefs that may have predisposed them to depressive reactions. The therapist also teaches (or reactivates) adaptive coping skills such as breaking down large problems into smaller, more manageable steps, and decision-making by cost-benefit analysis. Activity scheduling, self-monitoring of mastery and pleasure, and graded task assignments are commonly used early in therapy to help patients overcome inertia and expose themselves to potentially rewarding experiences. Patients typically require approximately eight sessions to gain a reasonable level of mastery with the model and the skills involved. A significant reduction in symptoms often occurs during this initial stage of therapy. The remaining sessions are used to evaluate and modify dysfunctional beliefs that impair functioning and make the patient vulnerable to future depressive episodes, build relapse prevention skills, and discuss termination issues. According to my research, many patients show a remission of symptoms in 8-12 sessions. A full course of treatment is considered to be 14-16 sessions although severe cases can take longer. Maintenance of treatment gains is enhanced by occasional booster sessions during the first year after oneââ¬â¢s termination. The humanistic approachââ¬â¢s influence to health care Humanist learning theorists view learning as a function of the whole person and believe that learning cannot take place unless both the cognitive and affective domains are involved. The individualââ¬â¢s capacity for self-determination is a vital segment of the humanist theory. For example, the humanist theory is used to help post myocardial infarction (a syndrome that involves the inflammation of the sac surrounding the heart); patients regain a sense of personal control over their health care management. The focus of the humanistic perspective is on the self of one individual which translates into you, and your perception of your individual experiences. This approach argues that one is free to choose his own behaviour, rather than responding to environmental stimuli and reinforcers. Issues dealing with oneââ¬â¢s self-esteem, self-fulfilment, and requirements are seen as dominant. The key focus is to assist oneââ¬â¢s personal development. Two major theorists associated with this view are Carl Rogers and Abraham Maslow. All patients grow with success and do better when achievements are recognized and reinforced. Respecting the whole person in a supportive environment can encourage learning. Learning is also fostered through structuring information appropriately and presenting it in meaningful segments with appropriate feedback. There are a vast variety of conditions that should be encountered before an individual can develop on becoming self-actualized. According to the ââ¬Ëneeds hierarchyââ¬â¢ described by Abraham Maslow, individuals must first secure their basic organismic needs (including adequate food, clothing and shelter necessary to keep them alive). Having achieved the essentials, they next build up and work to achieve: a feeling of adequate safety, a sense of belonging (to one or more social groups and relationship), and a sense of self-respect and social respect. Self-actualization, the drive for one to do all that he desires to do with his life, is something that only occurs as a influence of behaviour after all the earlier needs are adequately satisfied and a state of contented happiness is achieved. For instance, the media create unrealistic, and for most individualsà unattainable ââ¬Ëidealââ¬â¢ image, especially for women and adolescent girls. The majority of models exposed publicly are greatly below the ââ¬Ënormalââ¬â¢ weight for their age and height. In the humanistic vision, human dysfunctions are caused by a faulty or interrupted development process; essentially human issues regarding to immaturity, or commonly of the social/emotional variety. The aim of humanistic therapy is to promote social or emotional maturity and growth. Through assisting service userââ¬â¢s to resume their disrupted developmental processes in healthy directions, patients are helped by professionals in order to grow up and out the of the immature mental and emotional states that contribute to the pain one may feel or cause pain upon others. The psychodynamic approach to health care Anxiety is a feeling of worry, extreme nervousness, or unease about something with an uncertain outcome. The condition gives of an uncomfortable feeling of fear or an approaching disaster and could perhaps negatively reflects the thoughts and bodily reactions an individual may encounter when presented with a situation that is unable to be managed. When an individual experiences the feelings of anxiety, their thoughts may often actively assess the different situations without intentionally doing so; the individual may too develop predictions of how they will cope founded on past experiences. Despite the fact that some anxiety is a normal response to difficult and stressful circumstances, whereas the anxiety level is abnormally high an individual may lack the awareness of how to effectively control the issue. Anxiety can take many forms, and several of these may consist of: An intense physical response due to the arousal of the nervous system leading to the physical symptoms (which may involve the racing of a heartbeat). A cognitive response referring to the thought about the issue and the individuals ability to manage with it. Those which encounter the condition of anxiety may often feel negative about most situations and think unenthusiastic thoughts. A behavioural response which could consist avoidance or unusual behaviour including aggression, restlessness orà irrational behaviour. An emotion response reflecting the high level of distress the individual is confronted with. There is just not one cause of anxiety, however there are a number of factors that could contribute to the development of anxious thoughts, feelings and behaviour. The many factors comprise of: Hereditary many research has suggested that those with a family history of anxiety are more likely to also develop anxiety. Biochemical reasons Research suggests that individuals who experience a high level of anxiety may have an imbalance of chemicals in the brain that regulate feelings and physical reactions. Certain life experiences Particular life experiences can allow individuals more vulnerable to anxiety. Events such as a family break-up, abuse, ongoing bullying, and/or workplace conflict can be stress factors that challenge a persons coping resources and leave them in a vulnerable state to experiencing anxiety. https://www.psychology.org.au/publications/tip_sheets/anxiety/ References: Euromed Info [Online] Available from: http://www.euromedinfo.eu/behavioral-cognitive-humanist-approaches.html/ (Date accessed 19/01/15) Cognitive-behavioural approaches and weight management: an overview. (2000) [Online] Available from: http://www.ncbi.nlm.nih.gov/pubmed/10918780 (Date accessed 19/01/15) Cognitive Therapy for Depression [Online] Available from: http://www.apa.org/divisions/div12/rev_est/cog_depr.html (Date accessed 19/01/15) What Is Aversion Therapy? (2015) [Online] Available from: http://psychology.about.com/od/typesofpsychotherapy/f/aversion-therapy.htm (Date accessed 09/02/15] DEPRESSION: MAJOR DEPRESSION UNIPOLAR VARIETIES (2015) [Online] Available from: http://www.swamh.com/poc/view_doc.php?type=docid=9714cn=5 (Date accessed 09/02/15) Humanistic Approach (2015) [Online] Available from: http://www.psychologistworld.com/issues/humanistic-approach.php [Date accessed 09/02/15] Theory in Humanistic Psychology [Online] Available from: http://www.depression-guide.com/humanistic-psychology-therapy.htm [Date accessed 11/02/15] Psychotherapy (2015) [Online] Available from: http://www.gulfbend.org/poc/view_doc.php?type=docid=10441 [Date accessed 11/02/15] Aversion Therapy Alcoholism Drug Therapy (2013) [Online] Available from: http://www.the-alcoholism-guide.org/aversion-therapy.html [Date accessed 11/02/15]
Saturday, September 21, 2019
Effect of Cultural and Racial Identity on Self-Image
Effect of Cultural and Racial Identity on Self-Image Many factors contribute to making up the identity of an individual, their self-image and how they portray themselves. Some of these factors include: beliefs, culture, gender, race, amongst others. Usually, people in a society tend to base their initial knowledge of other people on stereotypical generalizations that originate from these various aspects of identity. In many cases, these generalizations that hastily become the known myths do not necessarily tell the truth about a certain group of people with major similarities like cultural background or race. This ends up creating a standard that society indirectly confers on these people who in return, may or may not conform to these standards. Personally, I fall under the category of people that do not live according to what may seem like societal standards when analyzing the average Canadian teenager. My cultural and racial identity sum up the major aspects that influence my self-image because my physical characteristics causes soci ety to not see beyond my cultural background, gender and values. As an illustration, my cultural and racial background is physically evident because I have distinct features like my skin colour, that show I am Black. Also, when I talk my accent clearly depicts that I am a West-African, more specifically a proud Nigerian girl. This impacts my self-image tremendously because it serves as a constant reminder of my place of origin. Being a true Nigerian child comes with the training I get to enable me become a responsible lady in the nearest future. This is because I have certain responsibilities and standards to live by as a result of my upbringing as a child. For example, in my childhood the importance of working hard was constantly preached by my parents, elders at church, school and even my surroundings. House chores were seen as the primary duties of the children in the home and being the youngest of five did not really help this fact. My place in the family as the last born put me in the position of the errand person. My older ones were more lik e my supervisors and to them, having me assist whenever there was a need to wash clothes, cook, sweep the house and many more, made me more responsible as I grew older. Up until this point, this makes me see myself as an active role player in my life and maturation process. On the other hand, this is different from how the people around me would judge me. A recent example is when I moved into residence at York University. Being evidently African, a fellow student living on the same floor admitted she thought I would be really ââ¬Å"ratchetâ⬠. By this, she meant her expectations of me were low. She thought I was the loud party girl that every guy knew and had sexual history with. She was surprised to find out I am actually a reserved and simple girl who is academic oriented. Her reason for thinking this way came from her encounters with few other Black girls in the past who did not act responsibly because of their issues with drugs, smoking and boys. This made her judge me befo re she even got to know me for who I truly am. Secondly, being a girl influences my self-image because it is one physical aspect of my identity that speaks for me before I do. As a female child born into a patriarchal society like that of the Nigerian society, your ideal stages in life have practically been laid out for you to follow. It starts from growing up being responsible and hardworking, then working hard to make sure you are academically successful because education is very important. After this, you get your career and at the ââ¬Å"right timeâ⬠, get married when your destined husband finds you. For instance, when I was a younger child growing up, my mum always told me stories of how being a good mother or wife is not easy, but worth it. She would always encourage me to watch her whenever she was cooking, serving my dad his food or arranging the house. She constantly emphasized on the importance of being industrious as a lady and potential wife. This means that as a female in the average Nigerian home, your purpose in life seems incomplete if you do not plan on getting married and having children. In other words, after you reach a certain age as a girl, you better start expecting the whole talk about marriage, having grandchildren for your parents and being a good wife, cook and mother when you marry. I do not have a problem with this in any way because I believe that part of the fulfillment of a woman comes from her marrying her true love, having a family and raising her children at some point in her life. Furthermore, my values which are a major component of my identity determine the kind of person I choose to be and eventually become. My main values include, my belief in Jesus Christ as my saviour, abstinence from sex, alcohol and any type of drugs. This makes me see myself as a misfit because I can hardly fit into my environment or society without having to change or compromise my beliefs a little. Most times, people see me as weird and find it hard to believe that I have never gone clubbing, smoked or at least done something ââ¬Å"coolâ⬠. An occurrence that I do not think I will ever forget was in the summer of grade eleven which is about two years ago. I met a guy who happened to be a friend of my close friend. The three of us spent time together at the mall while the guy was trying to get to know me better by asking me questions about my school, background amongst others. I thought he was a nice person. Eventually, he asked if we could ââ¬Å"chillâ⬠and I was not sure of what he meant. Regardless, I said no because and gave an excuse of having to go pick my nephew up from school. In all honesty, I did not feel like going out with a guy, especially someone I just met for the first time. To cut the long story short, he ended up walking halfway home with me because he claimed he lived in the same neighbourhood as me. Later on, I figured that by ââ¬Å"chillâ⬠he meant he was sexually attracted to me and he just wanted to get something from me because he thought I was that type of girl. I could see disappointment written all over his face when I totally refused his advancements towards me. He said he had never been refused by any girl with a similar racial or cultural background as me. To say the least, I was disgusted at the fact that someone of the opposite gender would actually disregard my belief in sexual purity and abstinence then, judge me in such a disrespectful manner because of my skin color and cultural background. All in all, I believe that my body goes beyond my physical beauty and what I look like. It encompasses everything about me, ranging from the smallest to the biggest. The way I see myself is also as a result of a combinations of all these factors like how other people see me and judge me. I cannot blame society for their judgements of me, but I can expect better because a person goes beyond his or her cover which is the body. You have to remove the cover in this sense and see every single thing is contains beneath it. As a result of this self-image continuously develops as a person grows and this is my story. I know that despite what my cultural and racial identity entails, I will continuously amaze myself with personal growth and maturity. I will reach beyond the set boundaries and expectations.
Friday, September 20, 2019
Meaning Of Mobile Banking Information Technology Essay
Meaning Of Mobile Banking Information Technology Essay The internet and the mobile phone, the two technological advancements that have profoundly affected human behavior in the last decade have started to converge. Using a variety of platforms, services are being created to enable mobile devices to perform many activities of the traditional internet in a reduced format for mobile devices. One such area of activity is mobile banking. A cluster of dedicated and demanding mobile phone users (consumers) have multiplied tremendously over the years, who expect real-time information and access and high levels of service. This article looks at how and why banking customers have began to take advantage of mobile services for their banking requirements and why some of them are still hesitant to adopt mobile banking. Also this article throws light on some of the eminent challenges faced by the mobile banking service providers, which can be seen as opportunities for the financial institutions and the bankers. Introduction: Recently, the demands and requirements of banking consumers are altering quickly with the rise in the technological avenues made available in the banking world. Banking Customers have started demanding flawless, multi-channel service experiences. The result is forcing banks and financial institutions to facilitate them with the latest business models and banking solutions. With the increase in the customer demands and expectations, it has became necessary for the banks and Financial Institutions to update and transform their retail distribution channel for banking services from a branch banking-dominated model to a multi-channeled service model. Mobile banking is one such channel through which ample business is getting generated for Banks. Meaning of Mobile Banking In a laymans context, the term Mobile Banking means; Execution of Banking and Financial transactions using a Mobile phone or Availing banking services through a medium of cellular phone, without visiting the banks branch SMSs sent by bank on withdrawal and deposit transactions, credit card and ATM card usage notifications sent by bank, a call received from customer care department of the bank for critical transaction requests, Bill payments made from the bank balances through cell phone, transfer of money from one account to another using cell phone, etc. are all examples of Mobile Banking transactions. Also it is the primary responsibility of the Banks (Mobile banking facilitators) to ensure that all the Mobile banking transactions are secured and performed on a real time basis. Behavioral intentions of consumers for using mobile banking services Consumers will generally prefer using Mobile Banking over the traditional Branch banking for the following reasons: Mobile phone has already evolved as a familiar device in majority of middle class house holds Mobile Phone is always handy Sufficient guidance is available in using mobile phone for banking Mobile Phone enables fast and effortless banking transactions Service quality provided by banks, for Mobile Banking transactions is acceptable one Consumers are generally hesitant using Mobile Banking services for the following reasons: Mobile banking services cannot be used practically, due to expensive phone bills Data transmission rate is too slow while carrying out Mobile Banking transactions Mobile phone is found complicated in use due to Poor user interface Users have faced disappointment due to Malfunction of services and lack of operating instructions by Banks Challenges Faced by Banks and Financial institutions in facilitating Mobile Banking Transactions à ¢Ã¢â ¬Ã ¢ Security of financial transactions, fraud and identity theft issues are getting increased importance, as the mobile banking users need to be safeguarded against such malpractices. à ¢Ã¢â ¬Ã ¢ Compliance issues are now being examined by governmental agencies, which include anti-money laundering compliance issues for banks, because cell phones, particularly those using prepaid accounts, (having few checks on the identity of the user) are popularly used by money launderers to transfer funds quickly, inexpensively, and anonymously. à ¢Ã¢â ¬Ã ¢ There are no common technology standards for mobile banking. Various kinds of Client-based and Server based technologies are used, so there are Interoperability issues. A mobile banking solution usually is client specific and cannot have connectivity with multiple banks and hence becomes inconvenient for a user with multiple accounts. Also there are different kinds of mobile phone devices and it is a big challenge for banks to offer mobile banking solution for a particular type of device. à ¢Ã¢â ¬Ã ¢ The Service offerings range from simple complex transactions like checking account balances, bill payments, alerts, loan statements etc to complex transactions like electronic wallet, forex payments, mobile financial advisor etc. making it difficult for a technology solution provider to deliver on all parameters. à ¢Ã¢â ¬Ã ¢ Again a same mobile solution may not work in every market, it should be market specific solution, and different markets should be understood properly. In developed markets, being an innovator is very likely to be a failure and also expensive. à ¢Ã¢â ¬Ã ¢ Some consumers also have barriers in mobile banking adoption due to lack of awareness and understanding of the benefits provided by mobile banking. Therefore overcoming the perception of consumer risks and increasing the computer and technological skills literacy among the mobile phone user stands as a challenge for the banks Recommendation The usage of Mobile Devices for Financial and Banking transactions could be made more effective by controlling mobile banking transactions by voice instead of opting for long typed sentences on the mobile devices. Conclusion Mobile banking has already evolved as a powerful intermediate towards efficient and real-time banking service. The Banks and the mobile banking service providers are working their way towards increasing consumer acceptance with mobile devices to carry out their banking transactions. The mobile banking service providers are teaming up with mobile banking technology vendors for consistently improving technology solutions that focus on creating a better consumer friendly experience with mobile banking. These technology advances will further increase consumer acceptance and ease with mobile devices The principal value to consumers has always been time and location service fulfillment and this need will be further enriched enabled through the mobile channel. Mobile banking in the future will not be just about receiving SMS and transferring funds; but will evolve into a mobile wallet concept, thus opening up a gamut of opportunities for companies in the BFSI domain to tap potential customers. And this is how mobile banking is raging to improve the customer service relationships as Advancement towards Consumer Value Creation
Thursday, September 19, 2019
The Effect of High Frequency Trading Systems on Financial Markets Essay
Whilst liquidity plays a central role in the functioning of financial markets, it is volatility that can be truly detrimental. Despite almost universal agreement among academics that HFT improves prices for investors and dampens volatility in equity markets, since the 6th of May 2010 the sector has come under intense scrutiny from regulators. On a day described as the ââ¬ËFlash Crashââ¬â¢, the U.S stock market experienced one of the most severe price drops in its history. In the matter of five minutes, the Dow Jones Industrial Index declined by 900 points, and then recouped the balk of those losses within the next 15 minutes. This unprecedented and unexplained volatility has fired public debate ever since. In the aftermath of the US ââ¬ËFlash Crashââ¬â¢, regulators were quick to pin blame on HFT. Within a week the chairman of the US Securities and Exchange Commission determined there was evidence that ââ¬Å"professional liquidity providersâ⬠pulled out of the market when shares started declining exacerbating the fall. Perhaps irrationally, policymakers without any significant evidence believe HFTs pull out of markets at signs of stress, contributing to a sudden loss of liquidity and promoting volatility (Grant, 2011).Moreover, Andrew Haldane points to the ââ¬Ëflash crashââ¬â¢ whens he determines that the ever increasing speed of trading is amplifying volatility. In my opinion, in the aftermath of the financial crisis when regulators received so much criticism, I believe they feel they must act immediately, even if they donââ¬â¢t know the true problem. I consider this evident from calls for increased HFT regulation from US Senator Charles Schumer, who bases his opinion on recent news reports (Zerohedge. 2010), rather than academic research or scientific re... ...ttp://blogs.wsj.com/marketbeat/2009/12/08/volcker-praises-the-atm-blasts-finance-execs-experts/. Last accessed 04/12/11. Jones, R. (2010). Institutional Investor: Flash Crash and CyberWar. Available: http://hftsecurityrisk.com/category/flash-crash-specific/. Last accessed 04/12/11. Pagnotta, E & Philippon, T. (2010). The Welfare Effects of Financial Innovation: High Frequency Trading in Equity Markets. Available: https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=SED2011&paper_id=1246. Last accessed 04/12/11. Mackenzie, M & Demos, T. (2011). Fears linger of new ââ¬Ëflash crashââ¬â¢. Available: http://www.ft.com/cms/s/0/d18f3d28-7735-11e0-aed6-00144feabdc0.html#axzz1fPJAVyJm. Last accessed 04/12/11. Geithner, T. (2007). Liquidity and Financial Markets. Available: http://www.newyorkfed.org/newsevents/speeches/2007/gei070228.html. Last accessed 05/12/11.
Wednesday, September 18, 2019
The Jungle :: Socialism, Sinclair
à à à à à Throughout American history, people that have challenged themselves with a cause have had at least some control of major issues present during their lives. Upton Sinclair was one of these influential people. Using his talent for writing, Sinclair wrote his most successful novel, The Jungle. This novel stressed a need to improve conditions for industrial workers, and exposed the faults of Capitalism in order to promote his cause; which was Socialism. Sinclair achieved his goal of promoting Socialism with the story of Jurgis Rudkus and his family. By describing the harsh system in which workers were consumed by, Sinclair uncovered faults in Capitalism, and inversely promoted Socialism. à à à à à In Sinclairââ¬â¢s story, he vividly described the family and the disagreeable situation they were in. The accounts of the meatpacking industry, developed mainly on truth from personal experience, were filled with examples of an unjust work system, corruption by employers, and the resulting low living conditions. For example, Packingtown laborers would be forced to work repeatedly faster, only to see their wages cut numerous times. Also, families became impoverished, causing the children to work. As a result, Elzbieta's son, Stanislovas, was eaten alive by rats. Such major problems in the Capitalist system were focused on throughout the novel. The problems in the meatpacking industry related to issues concerning the entire industrial labor force. Sinclair continued to show that these problems could have been solved by Socialism. The fact that Jurgis joined the Socialist Party and was dedicated to improving his surroundings was how Sinclair displayed the fact that Socialism was a more practical system. The Jungle :: Socialism, Sinclair à à à à à Throughout American history, people that have challenged themselves with a cause have had at least some control of major issues present during their lives. Upton Sinclair was one of these influential people. Using his talent for writing, Sinclair wrote his most successful novel, The Jungle. This novel stressed a need to improve conditions for industrial workers, and exposed the faults of Capitalism in order to promote his cause; which was Socialism. Sinclair achieved his goal of promoting Socialism with the story of Jurgis Rudkus and his family. By describing the harsh system in which workers were consumed by, Sinclair uncovered faults in Capitalism, and inversely promoted Socialism. à à à à à In Sinclairââ¬â¢s story, he vividly described the family and the disagreeable situation they were in. The accounts of the meatpacking industry, developed mainly on truth from personal experience, were filled with examples of an unjust work system, corruption by employers, and the resulting low living conditions. For example, Packingtown laborers would be forced to work repeatedly faster, only to see their wages cut numerous times. Also, families became impoverished, causing the children to work. As a result, Elzbieta's son, Stanislovas, was eaten alive by rats. Such major problems in the Capitalist system were focused on throughout the novel. The problems in the meatpacking industry related to issues concerning the entire industrial labor force. Sinclair continued to show that these problems could have been solved by Socialism. The fact that Jurgis joined the Socialist Party and was dedicated to improving his surroundings was how Sinclair displayed the fact that Socialism was a more practical system.
Tuesday, September 17, 2019
Assassination of a Dictator – Justifiable?
Throughout history, there have been many dictators who have ruled with an iron fist. Julius Ceasar of Rome, Joseph Stalin of Russia, Nicolea Ceausescu or Romania, and Adolf Hitler of Germany were ââ¬â to name a few ââ¬â famous dictators. Dictators rule countries with absolute power, taking away the rights and choices of citizens. Most would argue that the assassination of a dictator is a good, justifiable thing to do, and I find myself agreeing. Yet, despite dictators' unrighteous actions, there are some who still argue against getting rid of oppressive leaders. If a dictator is killed, many deaths could be prevented. The killing would be for the greater good. Who wouldn't go back in time to kill Hitler? Thousands of lives would be spared. One death, in comparison, is trivial. These dictators do not just pose a threat internally ââ¬â they are a threat to everyone. A dictator's assassination could even prevent a war. Although most people assosciate assassinations with outside interference, this often isn't the case. During World War Two, Hitler's own generals plotted the Fuhrer's downfall. These attempts were very close to being successful, but for a spy within the conspiracy. Even Joseph Stalin, the ââ¬Å"Man of Steelâ⬠, was not immune to traitors within his Polit Bureau. Julius Ceasar himself was killed by his assosciates and supposed best friend after declaring himself dictator for life. When these people seize power, they are determined to hold on to it through fair means or foul. Their assassination may be the only way to change a country from dictatorship to democracy, particularly if an internal police force under the leader's rule has been upholding his or her will and preventing internal opposition. A popular arguement against the assassination of a dictator is that there is an alternative to being them to justice. The leaders can be put on trial, and be held responsible for their crimes. The International Criminal Court provides a permanent means to go about this, and acts as a deterent against anyone taking complete control. Slobodan Milosevic was able to be put on trial for his deeds, and Saddam Hussein faced justice in Iraq. However, this alternative method would allow the dictator to be in power for longer, and they would still have some power. Not all trials are fair, and the dictator may escape justice, and continue as they were. The attempt could also make them look untouchable, or even heroic. I think that, if the situation calls for it, dictators should be assassinated. Although some pro-life, and anti-death penalty protestors would disagree with this form of justice, there will always be disagreements about this contraversial topic. Although assassination is illegal, not much that dictators do is legal either. Killing a dictator is for the greater good. Any utilitarian would agree that, by taking out the root, the problem can be easily solved. By removing the driving force, the whole system of the dictator would colapse, dying with them. Dictators oppress citizens, and take away basic rights, such as the right to be heard. In order to give people back their rights, the dictators must be removed. One person is a small price to pay for this, particularly if the dictator is bloody. Take Joseph Stalin, for example. He personally signed the deaths of nine thousand people, and killed many others indirectly. By taking away one life, so many thousands could be saved. Even the people close to dictators want them gone ââ¬â who wouldn't? The populace of countries taken over by dictators need a signal to find the courage and daring to campaign for change. What better way to signal than to take out the bad guy? The thoughts against assassination, I feel, are simple remnants of the ââ¬Å"rules of warâ⬠, from long ago. In a war, it is okay to kill perfectly innocent citizens. Yet, it is immoral to kill the leader? This, to me, makes no sense. From saltmines to glasnost, from stalags to democracy, from apartite to Nelson Mandella walking free, from fascism to capitalism, peace and progress can be achieved by the removal of dictatorships. -January 2011
Monday, September 16, 2019
Concerns about poor practice Essay
3.3.3- Evaluate ways in which concerns about poor practice can be reported whilst ensuring that whistle-blowers and those whose practice or behaviour is being questioned are protected.à Any person who wants to work with children has to go through a screening process to ensure they are suitable, and any convictions are known about. Despite these thorough checks some abuse still happens within schools by the staff. This is called institutional abuse. There is a duty for all staff to follow and comply with all policies and procedures within the school to ensure that children are not put at risk so any concerns or worries must be expressed to the designated person or the Head Teacher. If there are concerns that a colleague is abusing a child in any way, then immediate action is required. This action is the same as if the abuser was anyone else be it parent or stranger and the Child Protection Officer must be informed, or if they are thought to be responsible for the abuse then you can go straight to the County Council. Although this is a very difficult situation , the first priority is the welfare of the child. SCHOOL WHISTLE BLOWING POLICY Aim of the policy This policy sets out guidelines relating to disclosures, given by people who have reasonable concerns or misgiving about serious misconduct or malpractice within the school. Key points This policy applies to all staff, volunteers, supply staff, parents and pupils, and is intended to encourage staff to raise concerns within the school, rather than outside. All staff should understand their own responsibility to bring matters of concern about children, fellow teachers or volunteers to the attention of the Head Teacher, Governors or Hampshire County Council. The policy protects anyone who voices concerns of any of the following, from any repercussions. Conduct that is illegal or a criminal offence, physical or sexual abuse of pupils or others, contraventions of health and safety that could affect staff or members of the public, fraud or corruption or any unethical behaviour of a serious nature. Employees areà ensured an appropriate response to their disclosure and are made aware of how they can take the matter further if necessary. Confidentiality between all parties must be maintained at all times so any communication should be in writing and will be sent to the employees home address. There are some situations which must be reported to the Police. Any disclosure should be put in writing. An employee can have a second person attend any meetings, be it a friend or Union representative.à The policy gives protection to anyone who voices concerns in good faith, on discrimination, victimisation or disadvantage. Although there is no time limit in place for raising concerns , any delay could hinder an investigation and this may have child protection or serious health and safety implications.
Sunday, September 15, 2019
Honda Environmental Leadership Essay
Honda Motor Co. is the largest motor cycle manufacturer and a leading automaker in the world. With a worldwide network of over 501 subsidiaries, Hondaââ¬â¢s diverse portfolio includes small sized general purpose engines to scooters and sports cars. The philosophy of Honda Motor Co. is well entrenched with the Japanese culture of pursuing the ââ¬Ëtriple joysââ¬â¢. The triple joys reflect the joys of buying, selling and creating. The company has been particularly recognized world over for its initiatives in tackling environmental challenges. Although environmental concerns and need for reciprocative action became eminent in the mid 1980s, Hondaââ¬â¢s efforts in this direction can be attributed to the 1960s when air pollution was first understood. The environmental leadership at Honda is deeply rooted in the companyââ¬â¢s vision to be ââ¬Ëa company that the society wants to existââ¬â¢ (Honda Motors, 2010). Today people throughout the world have become conscious of the damages automobiles can do to our environment. Thus we see environment friendly automotive technologies emerging in response to uncovering environmental situation. The concept of Green Motoring has taken shape, which involves using alternative fuels in order to reduce air pollution. Among the efforts automotive manufacturers take to contribute to the environment, is the use of fuels generated from bio alcohols and bio mass. Green motoring is now focused on using hydrogen as a fuel (Green Field H 2008). The vision of the company is indeed too radical, at least with respect to environment protection. Wanting to see itself as an entity that the society doesnââ¬â¢t object, is indeed an unprecedented thought, reflecting its understanding of public thinking. This philosophy also highlights the importance it attaches to public perception of environmental degradation. The company seems to believe that the society will allow it to exist only if it is compliance with its expectations. It is therefore no wonder that Honda had taken a leadership role well ahead of its competitors, proactively. The environmental impact has been fully analyzed, encompassing its manufacturing process, the vehicles manufactured, the support activities like administration, transportation etc. The environment friendly initiatives are reflected in all its subsidiaries throughout the world. Honda seems to have made environmental concern a part of its global strategy. All Honda operations throughout the world, have a significant bearing with respect to environment protection for the countries in which they operate. Discussion Honda seeks to create new value by incorporating innovative ideas that reflect the changing needs. The company is committed to the future, by minimizing its effects on the environment and its intake of earthââ¬â¢s resources. A recent survey by DuPont and the Society of Automotive Industry (SAE) has identified environmental concerns as being the biggest challenge for the industry. According to Chris Murphy DuPont director, environmental considerations are transforming vehicle design and development and have become a differentiator in the marketplace. About 54% of the respondents saw fuel efficient vehicles with reduced environmental impact as being primary to the consumers (Laura 2008). On its part, Honda seeks to address climate change, produced due to higher concentration of CO2, CFC and other greenhouses gases. By introducing hybrid and fuel economizing technologies, CO2 emissions are not only reduced in Honda vehicles, but throughout its entire corporate activity. With regard to depletion of resources, Honda has been developing technologies, solar cell development and energy saving technologies. The company is well set to be ahead of the stipulations expected of it, as a vehicle manufacturer. The ongoing regulations are only expected to get tougher with time, and vehicle manufacturer in particular have to be well prepared to achieve the required standards. The Corporate Average Fuel Economy (CAFE) requires cars and SUVs to increase their fuel efficiency by about 4% each year. Thus by 2020, a fuel efficiency of about 35 miles per gallon has to be achieved (Crawley, 2007). The compliance of Honda to environmental concerns is evident from its 1972 development of the CVCC engine in compliance with the US Clean Air Act, which was the worldââ¬â¢s toughest emission regulation of the time. The company pursued its development of catalytic converter and other such clean emission technologies in the last four decades resulting in its vehicles emissions being reduced to 1/1000 of its 1970 levels. Honda is currently promoting its Green Factory initiative worldwide, together with energy conservation and waste reduction initiatives in its non-production activities. About 324 subsidiaries including 224 non-manufacturing companies have been covered by this (Honda Motors, 2010). The direct and indirect energy consumption at Honda Motors is shown in Appendix 1, while region wise energy, water consumption and waste are shown in Appendix 2. The genuine efforts in wanting to pass a beautiful natural environment to the future generation is reflected in the company setting up its own independent goals and working towards the same. Some of the notable concepts in Honda environmental aspirations are: Green Vehicle development: Striving towards development of zero emission for all its vehicles, Honda became the first Japanese company to comply with the recent emission regulations. The company developed a special exhaust air injection system and a programmed system for fuel injection which is currently used in its VFR motorcycle. The companyââ¬â¢s 50cc Giorno Crea scooter is highly fuel efficient and also environment friendly. Fuel Cell Electric Vehicle (FCEV): Even as early as 1986, Honda had been involved in the development of a hydrogen powered fuel cell electric vehicle, today seen in the form of FCX Clarity FCEV. The car has been the result of two decades of work by Hondaââ¬â¢s engineers, in an effort to truly preserve the earthââ¬â¢s environment. The car uses an electric motor and a fuel cell stack and does not emit any CO2. When the fuel cell stack was developed for the first time in 1999, it was too large and bulky. Through continuous research and development the fuel cell stack underwent transformation to become smaller and lighter and yet more powerful (American Honda, 2010). This in turn enabled the vehicle to become elegant and comfortable. The highlights of FCX Clarity FCEV are: â⬠¢ Only water vapor emission â⬠¢ Reduces carbon dioxide emissions significantly â⬠¢ Certified as a zero emission vehicle (ZEV) Green Dealer: The Green dealer concept streamlines and enables efficient use of water, electricity and paper through continuous assessments and improvements of existing systems. The concept is directed at conservation of the environment and keeping the polluting activities to a minimum (HMSI, 2007). Creating an awareness of environment among the employees and the general public is also a part of this scheme. Goal setting: Hondaââ¬â¢s efforts towards environmental preservation are reflected through individually defined targets. In 2006 it set emission reduction goals for CO2 emission, to be reached by 2010. In 2007 the company set targets for reducing environmental impact, also intended to be achieved by 2010. The company is on track to reach targets. The future is only getting tougher for the vehicle manufacturers, though Honda is firmly set to meet the required goals. While setting environmental goals for itself, across global operations, Honda has been too detailed in its approach. The company approached the environment problem from several perspectives. As part of its global environmental policy, Honda sets specific goals with regard to its Life Cycle Assessment System, by which the environmental impact is measured and analyzed. Apart from monitoring and reducing its emissions, it also studied and monitored the impact on environment due to its emissions. The company through its suppliers and partners, thus sought solutions through innovations and technologies, to look for ways to be in harmony with nature. Honda of Canada Manufacturing (HCM) was among the first auto manufacturers to receive the ISO 14001 certification. HCM today recycles about 99% of its production waste and is working towards 100% recycling (Cambridge Center Honda, 2010). The company is credited with bringing the first Low Emission Vehicle (LEV) to Canada. In 2003 when it started production of the Civic GX, the car was rated by the EPA as having the cleanest IC engine in the world. In 2002 March, Honda introduced the Honda life cycle assessment system (LCA) to estimate the environmental impact of its products. CO2 is one of the main elements that are monitored through this assessment of products, from manufacturing to disposal. Corresponding to the levels detected, targets are set for all domains including production, sales and service, and administration, with initiatives implemented to achieve targets. In 2007 Honda introduced the product life cycle assessment system (LCA) which revolves on the CO2 emissions from a single vehicle through its lifetime. The calculations revealed that 78% of CO2 emissions are associated with product use and 6% during its emission. The company can now assess CO2 emissions more accurately, for every aspect of the vehicleââ¬â¢s life, thus contributing to reduction efforts. The CO2 targeted reductions are thus directed at 80% of the total emissions, with regard to LCA. Conclusion and recommendations All sectors of global economy are increasingly coming under environmental regulations to ensure that all business practices, no longer continue with disregard to the environment. The vehicle manufacturers are among the earliest to receive such stipulations as vehicles are a major contributor to pollution. These manufacturers are faced with a challenge of optimizing lean manufacturing and environment conservation. While the two aspects of manufacturing are important, the approaches to both are different, and have a huge bearing on the organizationââ¬â¢s success. Honda is indeed an automaker with a vision for a sustained future, as evident from its setting up environment based goals and policies, proactively. The waste reduction culture at Honda indeed has obvious benefits for the environment (Maxwell, 1998). There are several societies and organizations that make up this world of ours. The culture and priorities of these are widely varied. Not all their approaches and intentions are the same. This reflects their attitude towards environment too. Although we share the same environment, there is no guarantee that competitors would be equally concerned of the environment. When some organizations take immense pain and effort to protect the environment, investing immensely in it, their competitors can easily make profits by avoiding or manipulating these. Environmental protection requires fundamentally an understanding, a concern of oneââ¬â¢s actions on the environment. Honda has set an exceptional example by understanding its actions on the environment, and taking cautious and big steps towards ensuring a sustainable environment. The environment is a common habitat for all, whether one indulges in pollution or not. Organizations should follow the footsteps of Honda with a sense of same involvement and dedication, for only then we can give a future to the following generations.
Saturday, September 14, 2019
Nortel Case Report Essay
The company also used to be affiliated with AT&T/Western Electric until Western was forced to sell its stake in 1949. In 1976, the company changed its name from Northern Electric to Northern Telecom Limited, and shifted its concentration on digital technology. In 1977, Nortel introduced its DMS line of digital central office telephone switches. Nortel ended its long relationship with AT&T in 1984, a year after deregulation named. Bell Canada Enterprises the parent company to Northern Telecom. In 1998, the company acquired Bay Networks and changed its name to Nortel Networks. In the late 90ââ¬â¢s, Nortelââ¬â¢s sales of fiber optic network gear was predicted to help their sales, but the market became saturated very quickly. At the height of Nortelââ¬â¢s first 100 years the company amassed for more than a third of the total valuation of all companies listed on the Toronto Stock Exchange (TSX), but once the Internet bubble passed, the company fell into ethical debacle. Nortel Networks Corporation, or formally known as Northern Telecom Limited was one of the largest telecommunications equipment companies in the world prior to its filing for bankruptcy protection on January 14th, 2009. During times of functionality, they specialized in multinational telecommunications equipment manufacturing. The company is based in Canada out of Mississiauga, Ontario, Canada. Their biggest rival always was Global System Mobile (GSM). Through the early 1990s, the company invested heavily in Code Division Multiple Access (CDMA) in attempt to grow in European and Asian markets. This did not pan out so well as Nortelââ¬â¢s losses amounted to $27. 3 billion by 2001ââ¬âcausing them to lay off two-thirds of the workforce. From 2000 through 2003 there was a period of fiscal irresponsibility resulting from the work of the companyââ¬â¢s administrators. Initially in 2000, they falsified their fourth-quarter earnings by $1 billion to meet market expectations and selectively reversing certain revenue entries. In 2002, administrators discovered $300 million in excess reserves being carried over and swept it under the rug for future benefit in addition to establishing another $151 million in unnecessary reserves. In 2003, administrators directed the release of at least $490 million of excess reserves to boost earning, fabricate profits, and pay bonuses. Losses turned to profits during this year thanks to the shifty methods taking place. Later in that year, administrators mislead investors as to why Nortel was conducting a purportedly ââ¬Å"comprehensive reviewâ⬠of its assetsââ¬âattributed by restatement $948 million in liabilities. They said restatement was caused solely by internal control mistakes instead of the truth that there was intentional improper handling of reserves which needed to remain hidden. 2 On October 23rd, 2003, the company announced that Nortel would restate its financials for fiscal years 2000, 2001, and 2002. Shortly after this restatement, the major players of Nortelââ¬â¢s administration that were responsible for all of this were exposed through an independent investigation. In March 2004, The CFO and controller were suspended, in addition to the announcement of further restatements and revisions; they were terminated a month later in April 2004. A restatement in early 2005 showed approximately $3. 4 billion in misstated revenues and another $746 in liabilities. In late 2005, Nortel admitted that restatements were the result of management fraudââ¬âbeginning the downturn of their stock. The company ended up restating financials four times over four years, replacing senior management, and instituting a comprehensives remediation program designed to ensure proper accounting and reporting practices. Eventually on October 15th, 2007, Nortel agreed to settle by paying a $35 million civil penalty and admitting to violations of the antifraud, reporting, books and records, and internal control provisions of the federal securities laws. 2 On June 25th, 2009, Nortelââ¬â¢s price dropped to 18. 5 cents a share down from a high of $124. 0 in 2000. The company decided that month that they would discontinue operations and sell off all of its business units. Nortelââ¬â¢s CDMA wireless business and LTE access technology were sold to Ericsson, and Avaya purchased Nortels Enterprise business unit. Major Players in the Scandal: The major players in this scandal were the four members of the senior management: CEO Frank Dunn, CFO Douglas Beatty, controller Michael Gollogly, and ass istant controller Maryanne Pahapill. CEO Frank Dunn, who is also a certified management accountant. Dunn was mainly involved in the improper use of reserves from 2000 to 2003. CFO Douglas Beatty, controller Michael Gollogly, and assistant controller Maryanne Pahapill were also involved in this management fraud. 2 The Royal Canadian Mounted Police in Toronto arrested ex-CEO Frank Dunn, ex-CFO Douglas Beatty, and former corporate controller Michael Gollogly on seven counts of fraud. Including charges ââ¬Å"fraud affecting public market; falsification of books and documents; false prospectus, pertaining to allegations of criminal activity within Nortel Networks during 2002 and 2003. Magnitude of the financial issue: Nortel at its peak was one of the best companies that Canada had ever seen. Just like ENRON and other financial frauds at the time, Nortel appeared to be a shining example of success in the corporate world. Again like ENRON, Nortel grew through a strategy of aggressive expansion and purchasing of smaller companies in order to create a massive conglomerate. During the good times Nortel was the largest technology company and the most valuable company in Canada. Nortel accounted for over one third of the entire aluation of the Toronto Stock Exchange. The Toronto Stock Exchange is the Canadian equivalent of the New York Stock Exchange and holds the most influential stock market in Canada. Nortel employed about 95,000 employees worldwide. About 26,000 of those workers based in Canada alone. Nortel at one point had a market capitalization of almost C$400 billion. Nortel had set up pensions and healthcare protection for its employees. All of these were lost to either the restructuring under Frank Dunne which left about 60,000 employees without jobs or the bankruptcy that followed in 2009. Canadian government officials and regulators identified how destructive a full failure of Nortel would be on the Canadian economy. The Canadian government through the Export Development Canada project tried to lend money to the falling giant. However the Canadian government could not cover all of Nortelââ¬â¢s debt obligations. Nortel owed about $107 million and the EDC (Export Development Canada) could only supply about $30 million in short term loans. This $107 million interest payment accounted for about 4% of Nortelââ¬â¢s cash and put the company into bankruptcy. The world financial crisis of 2008 had put too much strain on Nortel and they were forced to begin liquidation. Public auditor: The auditors involved with this case were Deloitte and Touche. In documents from the fraud case, which is still being heard by the Royal court in Canada, Deloitte claims that they were not given proper documentation by Nortel. Deloitte claims that they did not have pertinent information which should have been provided by administrators at Nortel. Deloitte raised concerns to the audit board of Nortel in 2003 when Nortel turned a profit after Frank Dunneââ¬â¢s restructuring of the company. Deloitte raised awareness of potential fraud and did their duty in that respect. However further investigation conducted has implicated Deloitte in the financial reporting irregularities in Nortel which some have claimed dates back to the time of CEO Roth who held office before Dunne. Information coming out of the case states that even if transactions were deemed suspicious, they still signed off on the verity of the financial reports. Frank Dunne and some of his officers are now charged with fraud by both the SEC and the OSC which regulate the American and Canadian markets respectively. The case is currently still under review in the Royal court of Canada and civil charges have been brought in the United States. Fraud Triangle Nortel had experienced tremendous growth throughout the 1990s, allowing it to expand operations worldwide. Nortelââ¬â¢s expansion came during the telecommunication and technology bubble of the 1990s that inflated stock prices of companies in those sectors. Frank Dunn had taken over for the previous CEO, John Roth, in November 2001 during the telecommunication bubble bust. Dunn felt pressured to maintain the high stock price because it accounted for over one third of Nortelââ¬â¢s value2. Nortel management was also incentivized to post profits that produced executive bonuses with over $7. 8million going to Dunn alone. The primary members of the Nortel fraud were able to commit the fraud because, as executive officers and controllers, they were able to go around the internal controls of the company. That allowed them to implement many accounting practices that did not comply with GAAP. Nortel managementââ¬â¢s rationalization for these fraudulent practices must have been that they needed to maintain the high stock price in order for the company to continue operating. Moral Breach and Ethical Issues As a publicly traded company, Nortel had the responsibility of fairly reporting the companyââ¬â¢s true financial data to stockholders and potential investors. Dunn, Beatty, Gollogly and Pahapill breached this responsibility by establishing earnings management accounting strategies to manipulate Nortelââ¬â¢s revenues. Nortel management also actively sought to inflate earnings to trigger very large bonuses for key members of management. Perhaps, if these incentives did not exist then there would be less motivation to commit the fraud. Finally, Nortelââ¬â¢s auditor for over a century, Deloitte and Touche, has come under scrutiny by the defense lawyers in Dunn, Gollogly and Beattyââ¬â¢s civil trial in Canada this year. The defense claims that Deloitte approved of all major accounting adjustments that Dunn and his team had engaged in. Summary of Legal Actions On April 28th, 2004, Dunn and his fraud partners were fired for financial mismanagement2. On March 12th, 2007 the SEC filed civil charges against Dunn, Beatty, Gollogly and Pahapill for repeatedly engaging in accounting fraud to bridge gaps between Nortelââ¬â¢s true performance, its internal targets, and market expectations. Dunn and Beatty were charged with violating the officer certification agreement that was established by the Sarbanes-Oxley Act. Nortel settled with SEC on October 15, 2007 by consenting to be prescribed from violating the antifraud, reporting, books and records, and internal control provisions of the federal securities laws. Nortel paid $35million to the SEC, and $1million to the Ontario Securities Commission to establish a Fair Fund for affected shareholders. Finally, Canadian authorities arrested and charge Dunn, Beatty and Gollogly with seven counts of fraud. Their trial began on January 16th, 2012. Current Status: Nortel, once known as the largest telecommunications manufacturer in the world, filed for bankruptcy in 2009. Now three years later, the period of bankruptcy continues as the company discloses their every operating report highlighting each cash receipt and disbursement. When Nortel went bankrupt, executives believed that selling all business assets would be the best and easiest way to fight debt. Recently, Nortel has netted $7. 7 billion from selling its patents and businesses. As stated on their website, ââ¬Å"Nortel remains focused on maximizing value for its stakeholders, including the sale of its remaining assets, resolution of claims, the wind-down of its global operations and entities, resolution of allocation matters with respect to the sale proceeds, and other significant restructuring activities toward the conclusion of the creditor protection proceedings. â⬠The case for Nortel executives Dunn (ex CEO), Beatty (ex CFO) and Gollogy (ex controller), who were charged with fraud for affecting the public market and falsifying books and documents to earn larger bonuses, is still in trial. In February, a former Vice President of Nortel testified in court against executives stating that they had asked him to use questionable accounting methods to manipulate the companyââ¬â¢s earnings. Although those who committed the crime have been charged, thousands of employees will still be left without pension plans and jobs. Nortel has spent over $20 million on retirement package these past two year, but unfortunately the company will stop the pension plan and disability program payments as it continues to sell away its businesses. By the end of 2011, Nortel was split into regional entities ââ¬â Nortel Networks Limited in Canada and Nortel Networks Inc in the United States, causing disagreements over how to split $7. 5 billion that was earned by selling many assets and patents other corporations such as Apple and Microsoft Corp. The following charts, graphs and financial statements analyze Nortelââ¬â¢s current status. Case Study Questions and Solutions: 1. Dunn is a certified management accountant. Based on the facts of the case, which provisions of the IMAââ¬â¢s Statement of Ethical Professional Practice that was discussed in chapter 1 have been violated? Dunn violates many of the provisions of the IMAââ¬â¢s statement of Ethical Professional Practice they are as follows: 1. Perform professional duties in accordance with law, regulations and technical standards. 2. Provide decision information that is accurate, clear, concise and timely 3. Retain from engaging in any conduct that would prejudice carrying out any duties ethically. 4. Abstain from engaging in or supporting any activity that might discredit the profession. 5. Communicate information fairly and objectively. 6. Disclose all relevant information, that could reasonably be expected to influence an intended users understanding of the reports analyses or recommendations. 7. Disclose delays or deficiencies in information timeliness processing or internal controls in conformance with organization policy and/or applicable law. He violated these by selective reversal of revenue entries in 2000. Followed by concealing the reserves in 2002, which violated GAAP, and then avoided posting a profit so the company wouldnââ¬â¢t have to pay out bonuses. In 2003 Dunn released the reserves to falsely report a profit, which allowed them to eports a profit a quarter earlier than expected, and to pay out more bonuses to senior management. Also in 2003 he misled the investors about why Nortel had restated its financials in order to avoid uncovering the unethical management techniques him and his team had been using. All of these actions take away Dunnââ¬â¢s integrity and credibility in the field of manageria l accounting, which are two of the standards the IMA sets out. Dunn failed to meet his professional code of conduct and his company suffered because of it. 2. What are the responsibilities of an auditor to detect fraud? How were those responsibilities compromised by the actions of Nortelââ¬â¢s management? It is the auditors responsibility to report fraud if they find it, however in this case the actions of Nortelââ¬â¢s management made it difficult for the auditors to do their job. The false financial statements and hiding of money veiled the problems of the company from the auditors. Once there was a hint of the fraud the auditors found it and perused the trail, taking the ethical route and also following the code of conduct. It was their investigation that brought down the fraudulent executives and forced the company to restate its financials properly. This would eventually lead to the failure of Nortel. Nortel made materially false and misleading statements and omissions in connection with the quarterly reviews and materially misstated annual audits of financial statements. This caused the auditors to not be able to properly do their job, and review the statements. 3. Describe the incentives that created pressure on Nortel to manage earnings. Considering the role of Nortelââ¬â¢s management in this regard, discuss whether it met its corporate governance obligations as discussed in previous chapters. The incentives that drove Nortel to manage its earning where greed of the management team, the pressure to deliver bonuses, the pressure to survive an economic downturn, and the pressure to make the company seem like a good investment to both current and potential investors. In an economic climate of intense competition and corporate greed the management at Nortel fell victim to their vices and allowed the pressure to perform to overwhelm their priorities. This caused them to put their own greed and personal ambition before the well being of the company. Nortel did not meet its corporate governance obligations. It did not follow any internal rules of how to run the business. It ignored any corporate ethics they might have. It lied to stakeholders several times by misstating the financials. They did not follow the professional code of conduct of their careers and also did not follow industry standards. They broke the law. No one inside the company caught the fraud therefore their internal controls where not effective. Each of these immoral acts is a case where corporate governance has failed. 4. The final quote in the case characterizes Nortelââ¬â¢s failure as ââ¬Å"just another casualty of capitalism. Do you agree with this statement? Why or why not? How would you characterize the cause of the failure at Nortel? I would argue that Nortel is not just another casualty of capitalism. Nortel did not function in a system of free market capitalism where the government had absolutely no regulation and let the markets function however they wanted. The capitalism system of North America is more of a mixed economy, which combines public and private ownership of companies, and also provides government regulation and intervention to prevent and deal with fraud. Even in a free market the system is meant to come to an equal balance of supply and demand, which cannot be reached if there is fraud involved since the supply has been inaccurately disclosed by the senior management at Nortel. I would characterize this failure as one of humanity. It was not the economic system that allowed this fraud to take place, but the greed of the people and a social environment that ties success so strongly to wealth. It was the social pressure and the effect of human nature that led to Nortelââ¬â¢s demise. . The case discusses how Nortelââ¬â¢s managers prioritized themselves over the shareholders, which, in part, lead to the companyââ¬â¢s failure. What should be a companyââ¬â¢s first priority? A companyââ¬â¢s first priority should be following their code of ethics. The second priority should be the shareholders, followed by the management and other employees. This hierarchy ensures that all the business that is done with be both moral and legal , meaning there is no room to commit fraud and damage the company. In this way you are putting the shareholders first, because by providing a stable and healthy company the shareholders will see an investment that will be able to reach its highest potential. 6. Was Nortelââ¬â¢s settlement a fair penalty? Should the SEC have imposed harsher or more lenient sanctions? Should these sanctions have been on the managers, on Nortel as a whole, or both? A fair settlement would offer compensation to all those who were hurt by this fraud. Groups that may have been hurt could be shareholders, employees and customers. Deciding what is a fair compensation is a little more difficult, however as much of what these people lost as possible should be returned to them. As for the managers who created the problems and took part in the fraud should face a sentence of termination from their company, loss of license (if applicable) and jail time. The company and the individual managers have both failed stakeholders and should both be held accountable. In the case of Nortel specifically the stockholder settlement goes with these guidelines, as for the managers their trial is still ongoing and therefore no sentenced has been given to them yet.
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