Organizational Culture and Incentives at Lincoln Electric free essay sample

1. Introduction: An overview of the case study Lincoln Electric is a leading manufacturer of welding products, welding equipment, and electric motors, with more than US$1 billion in sales and 6,000 workers worldwide. Although now publicly traded, members of the Lincoln family still own more than 60 percent of the stock. Lincoln Electric’s tradition of innovative solutions, technological leadership and commitment to customers, employees, and shareholders stems from the vision of its founder, John C. Lincoln and his brother, James F. Lincoln. Lincoln Electric has a very successful management system that other businesses benchmark their own systems by it. For years, other companies have tried to figure out how management coaxes maximum productivity and quality from its workers, even during difficult financial times. The Lincoln system succeeds largely because of an organizational culture based on openness and trust, shared control, and an egalitarian spirit. Although the line between managers and workers is firmly drawn, managers respect the expertise of production workers and value their contributions to many aspects of the business. We will write a custom essay sample on Organizational Culture and Incentives at Lincoln Electric or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The company has an open-door policy for all top executives, middle managers, and production workers, and regular face-to-face communication is encouraged. Lincolns system worked so well in the US that management decided to extend it overseas. Lincoln built or purchased 11 plants in Japan, South America, and Europe with plans to run the plants from the US using Lincolns expertise with management control systems. Managers saw the opportunity to beat local competition by applying manufacturing control incentive systems to reduce costs and raise production. The results were abysmal and nearly sunk the company. Production and financial goals were not met. The huge losses in the international plants meant that the company would have to borrow money to pay US workers bonuses, or forego bonuses, for the first time, in Lincoln history. Management wondered whether the Lincoln Management System could be transferred to other countries. 2. S. W. O. T Analysis Strength Organizational Culture Everybody in company treated Equally whereby there is no special car parking area for managers and top management executives ,everybody will use the same cafeteria for breakfast or lunch and lastly they practicing open-door policy in the organization Any GAINS in Productivity will be shared with Consumers low Price Employee Higher Pay Shareholders- High Dividend Incentive Scheme Pay according to number pieces produced and enable the workers to gain more wages than the other welding company workers throughout the United states. In addition, these incentives system indirectly heightened the sense of ownership among the plant workers and it’s encouraging them to produce more quality product within the timeframe. Lincoln main strength is Lowest cost structure and High level of productivity strategy Weakness Long working Hours According to the labor law in US or any other countries ,the acceptable working hours for manufacturing company workers is (35 hours per week ) whereas Lincoln electric practicing (43-58 hours per week ). No Base salary when there is no base salary, most of the workers will feel uncomfortable to work in that kind of organization. For instance, if the worker couldn’t work for 43 to 58 hours per week, he or she might low wage than others and how that person would manage the cost of living in United States with that low wage. Opportunity It was told by foreign distributor that American equipment will not sell good in Europe So instead company decides to set up the Wholly owned subsidiaries and acquisition to make the Equipment locally to capture the international market. E. g. Lincoln acquired 7 manufacturer in Europe and Mexico It takes 2 years to implement or change the entire company workers to follow and adopt the Lincoln organization culture and incentives system in Mexico. Threats Political In many Europe and Asian countries the government considered piecework as Exploitative compensation system which force employers to work harder, therefore in Germany the strategy doesn’t work well. Society As stated in weakness part, the long working hours became threat when Lincoln implement the strategy in Other countries because it is not acceptable since labor law limit the working hours 35 hours per week Technical Managers have no experience of work outside US and the local managers also felt reluctant to implement the culture of Lincoln in the Unit. Legal Due to many lawsuit against the organizational culture and incentive systems of Lincoln ‘s foreign acquired companies 3. Case Discussion Questions 1. What is the source of Lincoln’s long-standing competitive advantage in the United States market for arc welding equipment? Lincoln’s Electric long-standing competitive advantage in the United State market achieved by a high productivity rate per worker and this company success had been on extremely high level of employee productivity. Lincoln’s Electric apply incentive scheme based on piecework. The workers receive no based salary but depend on the number of pieces they produce. The piecework rates at the company enable an employee working at a normal pace to earn an income equivalent to the average rage for manufacturing worker in the area where the factory is based. A company faces a quality aspect when it comes to incentive scheme based on piecework. But at Lincoln Electric’s the worker must repair or paid back any piecework that have defect. It means the workers must be responsible for their outputs. The work culture in Lincoln Electric’s is one of the attributor. The company had a strong respect for the ability of the individual. Moreover, in this company, they practicing open-door policy whereby the communication barriers between ‘workers’ and ‘managers’ were eliminated. All workers are treated equally despite of their position. Since 1934, production workers have been awarded a semiannual bonus based on merit ratings. These rating are based on; Objective criteria; example: employee’s level and quality of output. Subjective criteria; example: employee’s attitude toward cooperation and his or her dependability. This semiannual bonus motivates workers to perform better and work harder, resulting boost in productivity. Despite high employee compensation, the worker so productive than Lincoln has a lower cost than its competitors. 2. Why did Lincoln enter foreign markets through acquisitions and Greenfield ventures, rather than through exporting? The Lincoln Electric’s did consider expanding into international market by exporting, but was told by foreign distributor that American equipment would not sell well in Europe. So instead the company decides to set up wholly owned subsidiaries and acquisitions to make the equipment locally. Through acquisition, it was a quick way to execute. The company can rapidly build its presence in this targeted foreign market. Lincoln acquired seven arc welding manufacturers in Europe and one in Mexico. This move is the quickest way to make the equipment locally and introduce their product to the local market. Acquisition may be less risky because acquisition provides a set of assets that are producing a known revenue and profit stream. It also acquires valuable information such as manager’s knowledge about the local market environment. Greenfield ventures gives the company a much greater ability to built the kind of subsidiary company that it wants. The backbone of Lincoln Electric’s success lies in its strong organization culture and a unique set of incentives. Thus, by applying Greenfield ventures can be much easier for Lincoln to build that organization. It is to change the culture of an acquired unit 3. Why did Lincoln’s foreign ventures fail to deliver the gains forecast? The Lincoln may have overlooked the organizations cultural differences when the company decided to acquire the seven arc welding manufacturers in Europe and one in Mexico. When the company acquires these arc welding manufacturers, Lincoln left local managers in place, believing that they knew local conditions better. But there have been told to imply Lincoln’s strong organizational culture and introduce its incentive system in acquired companies. Local managers had little working knowledge about Lincoln’s organizational culture and were unable or unwilling to impose that culture on their unit, which had their own long-established organizational culture. The incentive system or work pieces were a problem to imply to it’s newly acquiring companies. The piecework was viewed as an exploitive compensation system that forces employees to work harder in other countries. The strong organizational culture and the incentive system were the main reason why Lincoln Electric’s stand up upon other competitors. If these two elements cannot be imply or used in their newly acquire companies, this must be the reason why Lincoln’s foreign ventures fail to deliver the gain forecasted. 4. In retrospect, what might Lincoln have done differently to avoid the financial crisis it found itself in? Before investing to a foreign country, Lincoln must first in vestige the foreign countries law relating to worker and working conditions. Also the company must know the foreign culture; it might be organizational culture or life culture itself. Then decide what entry made is the most suitable for the company. When it comes to Lincoln Electrical, where strong organizational culture and incentive system were the backbone of it success, the most possible entry mode is through Greenfield. Greenfield ventures give a much greater ability to build the kind of subsidiary company that it wants. Lincoln can introduce it organizational culture and incentive systems without a clash with another culture or system. While this strategy takes more time to execute, it yields greater long-run returns than the acquisition strategy. 5. What lessons can be gleaned from the Mexican venture? International managers should understand better about the foreign culture that the company wants to invest in. Before foreign instruments are made, the company must understand fully about its culture and laws. The local managers should be train or paid a visit to the successful factories in the America. They should be taught about the culture and the incentive system. Then the managers can imply these to the factories in their own country. The culture can change slowly if truly it is a good culture. Worker can accept it if it more beneficial to them. The incentives systems are proven to make the worker more productive and make the worker earn more. 4. Recommendation There are three ways to solve the company’s current on whether to expand Lincoln business into international market or not such as Human Resources Management, Culture and Policy and Communication . Based on the case study, through Human resources management, could bring an end to this issue whereby recruit foreign talents into US headquarters to adopt the culture and once they feel confident, they will be transfer to their home country to oversee the Lincoln’s acquired companies. Moreover, HRM should recruit more degree holder so that could balance between experienced based managers and knowledge based managers in the organization in order to avoid the agency problem. Apart from that, training is also plays vital role to overcome the lack of international business knowledge of fresh graduates who hired as managers. Nevertheless, Lincoln’s management should create new department called ‘culture and policy ‘ in headquarters and also in acquired companies around Europe and Asia countries. This department main objective should be on understanding the culture, behavior, law, politics intervention, economy, labor law policies and also the market research about a country where Lincoln prefer or desire to expand the business. Last but not least, communication also an important factor for international business whereby create new channel among the branches and offices in order to update the current situation in the acquired companies, if they found anything goes wrong ,the US headquarters would take immediate action it. Higher the foreign talents and local talents hired, more will be the solution, ideas, suggestion and strategies will be introduce, therefore, it will be easier for Lincoln to expand the business into international market and will sustain for longer term.

what is abnormal and what is normal essays

what is abnormal and what is normal essays What Is Abnormal Psychology? What Is Normal Psychology? What is Psychology? In my research of Psychology and its meaning I have come up with many definitions. To sum all of the definitions into one its the study ones feelings, thoughts, and their way of thinking and using all of there senses rather its cognitive, physical, or mental. Some other questions that came to mind during my research are what is normal psychology and what is abnormal psychology? What is normal psychology? Most people consider one to be normal if they seem to have no problems physically or mentally. Are you O.K. the way you are? Should you be different? Most of us tend to roles that are acceptable behavior in society. Society expects us all to play certain roles. Health and science guide says that normality is only questioned when there is a conflict between roles. Why do we conform to these roles? We do it because in most societies, including ours, there are rewards for conformity. People tend to treat us with respect when we play roles that others are comfortable with. What is abnormal psychology? I think it could be the study of mental illness as some journals stated. Overall its the study of mental illnesses and of how people with mental illnesses can be treated. Stated in Health and Science guide mental illness is a much-debated topic in the world of psychology to which a lot of research is still needed. Problems usually come up when people try to define what is normal. Sigmund Freud was considered to be the father of Psychoanalysis, said there was no such thing as a normal person. Mental illness is considered to be an illness of the mind, which makes it difficult for people to carry out a normal, productive lifestyle. Mental illnesses range from depression to schizophrenia (a very serious mind disorder). It is important to remember that people with such disorders ate stricken with an illness. They have no more con...

Accused of witchcraft Essay Example for Free

Accused of witchcraft Essay The Crucible (395) , John Proctor (276) , Mary Warren (139) , Elizabeth Proctor (106) , Witch (2) company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints ? Parris : Why not? Now there are no spirits attacking her, for none in this room is accused of witchcraft. So let her turn herself cold now, let her pretend she is attacked now, let her faint. (He turns to Mary Warren.) Faint!  Act 3, Page 85  This is when the court first has the idea of getting Mary to prove the other girls are frauds by getting her to pretend to faint. She will not because she is afraid of what the girls will do to her. Or cannot, for fear of the court  This is one of the highest points of tension in the whole play because everything and everyone is focused on Mary, relying on her in one way or another to either tell the truth or to lie. But there is so much pressure on Mary that she can’t say anything. The pressure builds and builds until Mary cracks then Abigail launches a perfectly timed attack. Just when people are confused about whom to believe Abigail turns on Mary and makes them believe her.  The girls turning on Mary is a dramatically effective part in act three. This is because when the girls turn on Mary you feel sorry for her due to the fact she is torn between telling the truth to the court or joining the girls again to prevent them from accusing her.  Ã¢â‚¬Å"Mary Warren, do you witch her? I say to you, do you send your spirit out?† Danforth, Act 3, Page 87  When Danforth asks her this question Mary snaps and pushes herself away from Proctor.  Mary Warren, Act 3, page 88  This is when Mary’s delicate relationship with Proctor breaks down and she will no longer cover for him and put herself at risk from being accused by the rest of the girls.  Abigail : (Looking about the air, clasping her arms about her as though cold): I – I know not. A wind, a cold wind, has come. (Her eyes fall on Mary Warren.)  Mary : (Terrified, pleading): Abby!  Mercy : (Shivering): Your Honour, I freeze! Proctor : They’re pretending!  Hathorne : (Touching Abigail’s hand): She is cold Your Honour, touch her!  Mercy : (Through chattered teeth ): Mary, Do you send this shadow on me?  Act 3, Page 87  This is when the girls first start to turn on Mary, she is a very fragile person and when they start to turn on her she doesn’t know what to do. She was used to pointing the finger of accusation not having it pointed at her and on her own she can’t cope. So she betrays the truth and goes back to the safety of the girls and being the accuser not the accused. Mary finally breaks down and accuses Proctor of witchcraft. Fearful for her own life, Mary realizes that the only way to save herself is to accuse Proctor of coercing her into attempting to overthrow the court. In this case the accusation contains some truth: Proctor did force Mary Warren into testifying, yet in this case the purpose is to promote true justice rather than to dispute it.  Elizabeth lying to protect Proctor is a dramatically effective part in act three because there is a lot of tension when Elizabeth is brought into the court. Miller uses dramatic irony when Elizabeth doesn’t know that Proctor has confessed to lechery and that they are testing her to see if Proctor was telling the truth. Elizabeth doesn’t know that it is Abigail that is being tried and so she lies to protect her husband but in fact by lying she is in the eyes of the court proving that her husband is a liar. Miller uses the frustration of Proctor as his wife is lying but there is no way he can tell her that by trying to protect him she is actually getting him into more trouble â€Å"Look at me, to your own knowledge, has John Proctor ever committed the crime of lechery! (In a crisis of indecision she cannot speak.) Answer my question! Is your husband a lecher!†Ã‚  Danforth, Act 3, page 91  You can see by this, that Danforth doesn’t give Elizabeth much choice and practically puts the words into her mouth. By saying is your husband a lecher he leaves her no choice but to say â€Å"no†. What kind of woman would call her husband a lecher in front of a court? â€Å"(There is a knock. He calls to the door.) Hold! (To Abigail.) Turn your back. Turn your back. (To Proctor.) Do likewise. (Both turn their backs- Abigail with indignant slowness) Now let neither of you turn to face goody proctor. No one in this room is to speak one word, or raise a gesture aye or nay. (He turns towards the door, calls.) Enter!  Danforth, Act 3, Page 90  The Audience feel frustrated because all that Elizabeth has to do is tell the truth and Abigail’s ruthless revenge will be stopped and the truth will be brought to light but there is no way Elizabeth could know this so she does what she thinks is the right thing and tries to protect her husband. In this scene Miller uses dramatic irony very effectively. Danforth makes the trial look fair but in fact gives Elizabeth no choice  but to lie.  Danforth : â€Å"Answer my question! Is your husband a lecher!  Elizabeth : (Faintly): No, sir.  Danforth : Remove her, Marshal.  Proctor : Elizabeth, tell the truth!  Danforth : She has spoken. Remove her!  Proctor : (crying out): Elizabeth, I have confessed it!  Act 3, Page 91  This point is the dramatic climax of the whole scene because it is the point where Elizabeth finally finds out what she has done, and she is distraught. Hale tries to reason with Danforth when he says, â€Å"Excellency it is a natural lie to tell† this shows that Hale is the voice of reason but for most of the time he is not listened to, like Proctor who spoken sense throughout – both are shut out in their ways. To save her husband from accusations of witchcraft, Elizabeth must condemn him for lechery. Miller establishes that Elizabeth is an honest woman who never lies, yet at the moment in which her honesty is most critical she chooses the noble yet practical lie that she believes will defend her husband. As Hale notes, it is a natural lie for Elizabeth Proctor to tell, yet an incredibly ill timed one; Elizabeth Proctor chooses dishonesty at the precise moment that her integrity matters the most. Act 3 of ‘The Crucible’ is so effective because Arthur Miller uses a wide variety of emotions for his characters and a good variety of action. One minute the scene can be rather quiet with just simple conversation and the next minute it can be very chaotic with characters hurling accusations and abuse at each other. The reason this play is so effective is because Miller uses moments of calm as well as moments of extreme action, if it was just action, action, action all the time the audience would become immune to it and the really important parts wouldn’t stick in your mind as much. Act 3 is relevant to the play as a whole because it is the Act where a lot of important things happen and it is the most dramatic, with a lot of tension and anger between different characters. It is what the first two acts have been building up to and you could say it is the climax of the whole play.  When Arthur Miller wrote the play, â€Å"The Crucible† in 1953 the contemporary audience could relate to the play due to the media coverage that was occurring at the time. This era was concerned with the political movement of communism; the McCarthy trials. The contemporary audience saw Miller’s play as relevant because of the effects of mass hysteria- the destruction of the community in Salem. Miller felt that the play had relevance although he didn’t write it for that.  The reason why the crucible is still so widely liked even though the witch trials are long gone is because it demonstrates the terrible effects of mass hysteria and what it can do to normally rational people.  The story reminds its readers of an ugly blemish on human history. It reminds us that man is not perfect, and that we can make mistakes. However, even with these mistakes, we can cleanse ourselves and purify ourselves by making right what is wrong. Accused of witchcraft. (2017, Nov 01).

MGT 671 LEADER PROJECT INTERVIEW PAPER Essay Example | Topics and Well Written Essays - 2500 words

MGT 671 LEADER PROJECT INTERVIEW PAPER - Essay Example Finally, during the early part of the first quarter of year 2000, the company was able to gain business eligibility by completing all the necessary documentations necessary for its operations. Shortly thereafter, the first flight of JetBlue Airways took to the skies. The company then proceeded to add more routes as it expands its business operations. Before the year 2000 ended, the company reached a major milestone by reaching a million customers serviced while at the same time earning $ 100 million revenue for the year. All these have been achieved prior to the company’s first anniversary and shortly afterwards the company has flown about 2 million customers (JetBlue Corporate History 2011). The company further expanded its operations as the delivery of its Airbus units continues giving the company about 20 units of operational crafts. The company’s massive fleet continues to grow when in 2003 the company was able to receive its 50th Airbus. As such, a new hangar compl ex was needed and acquired at JFK International. The company grew rapidly and operations expanded extensively necessitating the additional order of 65 more airbuses and 100 more Embraer 190 aircrafts. In flight entertainment was improved further the following year and by the early half of 2004 the company already has on its laurels the honor of flying 25 million passengers. In just five years, the company was able to secure its 71st airbus and was subsequently awarded the prestigious Diamond Certificate of Excellence Award from the Federal Aviation Agency (FAA). Also, JetBlue was able to receive its Embraer 190 aircraft, the first airline to have such a unit. Furthermore, the company was able to acquire a bigger hangar and is also able to secure a partnership with American Express to integrate credit card payments with their operations. The company further improved its in house entertainment and was even able to pioneer in-flight email and even instant messaging services. In 2008, J etBlue even became the official airline of the Red Sox and the following year even became the official airline partner of the New York Jets. All the while, the company is introducing innovations of the jet liner service and is also expanding its routes. With all these achievements and despite breaching the top 50 in just half a decade, JetBlue was not yet a member of the International Air Transport Association (IATA) . After a decade, JetBlue established its office in the bustling city of New York and was officially included into the folds of the IATA. Brief Biography of Robin Hayes – EVP, Chief Commercial Officer Mr. Robin Hayes joined JetBlue last May 2008. He was appointed to the commercial side as the Chief Commercial Officer handling the airline’s marketing strategy including sales and revenues as well as the network of the airline. His appointment gave him an Executive Vice President position, a title he also had before he left his previous company (JetBlue Airwa ys, Press Release May 2008). Prior to joining the JetBlue, Mr. Robin Hayes was with British Airways also as an EVP. JetBlue is banking on the experience Mr. Hayes had when he was with British Airways to help their company surge forward faster. No less than JetBlue’s CEO, Mr. Dave Barger, highlighted the vast capabilities of Mr. Hayes emphasizing on the years that he had in the industry as well as the knowledge that he amassed from his

(Hitchcock, Shadow of a Doubt (1942), Hitchcock, Strangers on a Train Essay

(Hitchcock, Shadow of a Doubt (1942), Hitchcock, Strangers on a Train (1951)and Hitchcock, The Lady Vanishes) - Essay Example In his career he pioneered a number of techniques that improved the quality of films in the psychological thriller and suspense genres (Bays). Over six decades, Hitchcock directed over fifty feature films both at the British cinema and in Hollywood. This does not mean that his career was smooth all the way in fact most of his first films did not do so well. According to Donald Spoto (1976), Hitchcock’s first seventeen films did not receive much recognition as they were more of historical curiosities (8). In Donald’s text he indicates that Hitchcock’s career took a leap for the better starting from 1935, which saw him produce and direct great pieces of art (Spoto 9). Throughout his career he produced a wide range of remarkable films. It would take a long time if one was to analyze all the best films by Hitchcock. However, for the purpose of this essay we get to analyze three of his best classics. This includes the 1942 Shadow of a Doubt followed by the 1951 Strang ers on a Train and the 1938 The lady vanishes. These great films were shot using unique styles that captures the viewers’ attention leading into a lot of suspense, mystery and admiration for the good work. The interesting part with Hitchcock is that for each composition and scene in the films, he knew who to work with for him to produce the best results. He went to the extent of seeking German and British technicians just to get the right image and the perfect shot. The German technicians helped him bring out unique techniques such as bring in the right â€Å"silent shrieks†, expressionist lighting, angular shadows and disturbing mirror reflections (Spoto 29). Some of his famous contributions to the film industry also include the feel of â€Å"voyeurism†; a technique where the camera’s movement imitates a person’s gaze and thus engaging the viewer more to the scenes (Bays, n. p.). Shadow of a Doubt is one of Hitchcock’s’ great masterp iece, shot in 1943 the films themes revolved around psychological thriller a genre in which most of his movies were categorized. After gaining a positive audience and a grand reception for the film all over the nation; the film was nominated for an Academy Award in the Best Story category. In 1991, the US national Film Registry selected to be part of the Library of Congress as its theme portrayed historical and cultural significance (McDevitt and Juan 158). The movie features a grand opening image which involves a perfect synchronization scene of a couple twirling with Merry Widow Waltz in the background. Perfection in the image goes on throughout the film with other outstanding scenes such as detective strides flawlessly matching with the background music as uncle Charlie is being trailed (McLaughin 147). Shadow of a Doubt’s features such as the beautiful filming and suggestive lighting all portray the stunning advances of style and technique by Hitchcock. The director creat es amazing camera angles that form unparalleled portrayal of emotion in the characters. Using sharp editing and camera close-ups, Hitchcock gives an emphasis on Uncle Charlie’s sinister nature in the scene where Uncle Charlie and Charlotte have dinner and Charlotte behaves in an erratic manner. As a psychological thr

Statement of Purpose Essay Example for Free

Statement of Purpose Essay Dream hard; I dream hard because I want to fulfill my dream! Study hard; I study hard because I want to achieve a higher and bigger success! Work hard; I work hard because I want to become a useful and successful person! My life begins with three words, Dream hard, Study hard, and Work hard. Being a successful person, I kept saying to myself everyday the best preparation for tomorrow is to do todays work superbly well. Today it is an honorable day. I am here to apply the Pre-Associate Program in Hong Kong Baptist University. I am gladly and greatly to request to be a student in HKBU. To reveal myself, I realize time is important but will and faith are more important. Will and Faith, these two words were once my favorite words. Without them, I wasnt here today. I was once a very lazy and a person who makes a lot of mistake, therefore, I failed in my IGCSE examination. My father told me a very important fact. A person who fails, he needs to get back up. This is the true meaning of the word fail. Everyone has to pass the turning point, nobody wins forever. Therefore I succeed. In 2009, I have successfully got 2 certificates of Travel and tourism and Business in the course BTEC. The more will and action, the more you success! English, this is the significant in the world. English is the key to enter the world; therefore, I had applied the TOEFL examination which I will be taken in June. I expect myself to earn a high standard result. I will prove myself is an intelligent and diligent person. Before I apply HKCU, I gave 3 years time to improve my English skills and business skills. If I have the chance to study in HKBU, I must do every task of win-win solution. So I can be the best of best. In my academic field, I am a progressive and aggressive person in joining and participating extra-curricular activities. In my high school, I help and assist the school to win a badminton competition and a violin competition. Then I became the leader of violin club in my school. More than these, being the leader of Student Council which increase and upgrade my determination and critical thinking. I grew in knowledge and knowledge grew in me. Knowledge is the power in the world. Reading and learning are my keys to knowledge and knowledge is the key to success. We must always strive hard, struggle hard and fight hard to understand knowledge. My father is a successful man who does every thing perfectly and superbly well. My dream is to marvelous and fabulous than my father. One day I will pass through the line of the end, yet, I need to study harder and fight harder in order to pass the line of the end. Dreaming the dream, I have the will, the heart and the faith to strive and struggle for my dream. Hong Kong Baptist University is the perfect and positive place to develop and nourish my dream. I will grow, I will change, I will become and intelligent, diligent, excellent person. Being a man who fulfill his dream, he is proud of he can fulfill his dream! Being a man who succeeds, he is gladly that he exchanges what he wants!

A Critical Analysis Of Tensions In Memorial A. H. H. :: essays research papers fc

A Critical Analysis of Tension's In Memorial A. H. H.   Ã‚  Ã‚  Ã‚  Ã‚  During the Victorian Period, long held and comfortable religious beliefs fell under great scrutiny. An early blow to these beliefs came from the Utilitarian, followers of Jeremy Bantam, in the form of a test by reason of many of the long-standing institutions of England, including the church. When seen through the eyes of reason, religion became â€Å"merely an outmoded superstition† (Ford & Christ 896). If this were not enough for the faithful to contend with, the torch of doubt was soon passed to the scientists. Geologists were publishing the results of their studies which concluded that the Earth was far older than the biblical accounts would have it (Ford & Christ 897). Astronomers were extending humanity's knowledge of stellar distances, and Natural Historians such as Charles Darwin were swiftly building theories of evolution that defied the Old Testament version of creation (Ford & Christ 897). God seemed to be dissolving before a panicked England's very eyes, replaced by the vision of a cold, mechanistic universe that cared little for our existence.   Ã‚  Ã‚  Ã‚  Ã‚  Alfred, Lord Tennyson was painfully aware of the implications of such a universe, and he struggled with his own doubts about the existence of God. We glimpse much of his struggles in the poem In Memorial A. H. H., written in memory of his deceased friend, Arthur Hallam. The poem seemed to be cathartic for Tennyson, for through its writing he not only found an outlet for his grief over Hallam's death, but also managed to regain the faith which seemed at times to have abandoned him. Tennyson regained and firmly reestablished his faith through the formation of the idea that God is reconciled with the mechanistic universe through a divine plan of evolution, with Hallam as the potential link to a greater race of humans yet to come.   Ã‚  Ã‚  Ã‚  Ã‚  In the first of many lyric units, Tennyson's faith in God and Jesus seems strong. He speaks of â€Å"Believing where we cannot prove† (l. 4), and is sure that God â€Å"wilt not leave us in the dust† (l. 9). The increasing threat posed to religion by science does not worry Tension here, as he believes that our increasing knowledge of the universe can be reconciled with faith, saying:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Let knowledge grow from more to more,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   But more of reverence in us dwell;   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   That mind and soul, according well,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   May make one music as before† (1. 25-28). He does anticipate doubt, though, as he asks in advance for God's forgiveness for the â€Å"Confusions of a wasted youth† (l. 42).

Ebay’s Strategy in China: Alliance or Acquisition Essay

In December 2006, eBay Inc., a US company that offered e-commerce, e-payments and internet communication services globally, announced its plan to form a joint venture with China-based online portal and wireless operator, TOM Online, in which eBay would have 49% ownership.1 The move reflected the increasing difficulties foreign internet companies were facing in their attempts to snatch a share of the Chinese market amid fierce competition and a changing market environment. eBay first set foot in China in 2002 by acquiring 33% interest in EachNet—a domestic online auction company, followed by a full acquisition in 2003.2,3 In 2005, eBay acquired Skype4 to expand into the online communication sector. While Skype was a wholly owned subsidiary of eBay globally, it operated indirectly in China via a joint venture with TOM Online. Due to this existing relationship between the two companies,5 TOM Online seemed to be a natural choice of partner for eBay’s subsequent decision with regards to its online marketplace business. Recognising TOM Online’s local knowledge and political connections, eBay believed that a joint venture would benefit its failing business in China and help the company further develop its Chinese market.6 Some analysts questioned whether political connections alone were the answer and suggested that eBay focus on its product and service offerings.7 1 Vara, V. and Chao, L. (20 December 2006) â€Å"EBay’s China retreat highlights a tough market†, Wall Street Journal. eBay (Date Unknown) â€Å"eBay and EachNet Team Up in China†, Press Release, http://investor.ebay.com/releasedetail.cfm?ReleaseID=74802 (accessed 27 April 2007). 3 After the full acquisition in 2003, eBay operated under the name of eBay EachNet. 4 Skype is a peer-to-peer software program that allows people to make free calls over the internet to anyone who also subscribes to this service. Skype provided peer-to-peer internet telephony service—ie, instant messaging and online telephone service. In 2005, eBay acquired 49% stake in Skype China, with TOM Online owning the rest. Source: Schwankert, S. (20 December 2006) â€Å"EBay to replace Chinese auction site with JV†, ITworld.com, http://www.itworld.com/Tech/2403/061220ebay/ (accessed 27 April 2007). 6 Bradsher, K. (22 December 2006) â€Å"With TOM Online, eBay gains Chinese clout†, International Herald Tribute. 7 Rein, S. (24 December 2006) â€Å"TOM Online Must Focus on Products: Connections Don’t Ensure Success†, SeekingAlpha, http://china.seekingalpha.com/article/22946 (accessed 20 June 2007). 2 Isabella Chan prepared this case under the supervision of Prof. Zhigang Tao and Dr Jiangyong Lu for class discussion. This case is not intended to show effective or ineffective handling of decision or business processes. This research was partially supported by a grant from the University Grants Committee of the Hong Kong Special Administrative Region, China (Project No. AoE/H-05/99).

Research CSS (level 1) vs. CSS3 Essay

The latest version of CSS is the CSS3 version which basically differs from CSS2 in the incorporation of Modules and other changes. Modules enable the designing to be done in a lesser time with more ease while updating individual features and specifications. The CSS3 version supports many more browsers than CSS2, but make sure it works on all operating systems and browsers. Other major changes include CSS Selectors which CSS2 had simple selectors and the new version calls the components as a sequence of simple selectors. Pseudo elements because many Pseudo elements have been added that allow in-depth yet easy styling. Also a new convention of double colons ‘::’ has been introduced. Style properties let multiple background images be layered in the box using different elements like background image position and repeat. Border style is the styling of borders that extended to images and rounded designs which includes creating image of the borders and then automatically apply image to the borders through CSS. Additions in Properties include border-radius, image-source, image-slice, and the values for width outset and stretch have been added in CSS3. It also features properties for managing boxes like shadowing, wrapping and breaking have been added. The best part of CSS3 is that it has done away with complex structures for div tag and makes it easy for hassle free designing of multiple table-less columns. This can be simply done by putting in the number of columns in the browser that need to be added in the body element along with their width, color and height to make the text flow through the columns with ease.

The Optimism of Springsteen essays

The Optimism of Springsteen essays Throughout his musical career Bruce Springsteen truly has been the boss of vividly chronicling the American Dream. With his eloquent song writing and hold-nothing-back attitude Springsteen has rightfully defined the full spectrum of American life, from its greatest highs to its agonizing lows. In the songs Born to Run, The Ghost of Tom Joad, and The Land of Hope and Dreams Springsteen employs an underlying theme of optimism. He is brutally honest about the harsh realities of life, but offers his listeners a twinge of hope. Born to Run epitomizes the complex feelings of youthful optimism. From Springsteens use of a full band and upbeat tempo to the overall message of hope, the positive message is widespread. Written in 1975 when Springsteen finally makes it into the mainstream music industry, the songs feelings of optimism come at a time when he is finally becoming successful. Being hailed as the new Dylan, his view on life was a happy one and the song and its story reflect these feelings. In the song, the character possesses a belief that anything is possible, and he maintains confidence that he will eventually escape from hard times to a better place with his love interest Wendy. The characters view that brighter days are ahead is captured entirely in the lyric someday girl, I dont know when, were gonna get to that place where we really want to go. Springsteen shows the characters motivation to leave through vibrant imagery. His description of a rough setting portrays a grim realism: this town rips the bones from your back; its a death trap. However, the character believes they will somehow break free. With the wind at their back and the open road ahead, the character describes his feeling that they were meant to escape when he says baby we were born to run. ...

Article Analysis Assignment Example | Topics and Well Written Essays - 750 words - 2

Article Analysis - Assignment Example That is, verbal and video. The findings indicate a variability in the two groups subjected to the different tools. The changes are observed as more in the verbal category. A change in preference of 29% in the verbal group compared to 6% in the video category communicates a significant underlying factor in the use of the two treatments. Also worth noting, however insignificant, is the percentage of the persons who were uncertain in the two cases. 3% for verbal against 1% for video. A significant difference is evident. Given the nature of the trial, and since according to the researchers it was the first of its kind, it breeds an inquiry into the subject (p. 6). It is noted that a narrative description alone may not be very useful. Alternatively, most of the participants were positive about video description. Despite the highlighted limitation of the study, the findings of the study present the use of video decision support tool as superior to the narrative description(pp. 6-7). The study used a randomized valid sample (n=200). Out of which, the researchers subjected two groups to different treatments and the outcomes noted. Also, the study does not indicate any previous similar treatment or behavior among the participants. The participants are selected and exposed to the different treatments, and the effects of such treatments are observed. Moreover, the investigators express control over the treatments to their participants making them more of â€Å"experimental units†. The investigators assign the treatments, and they have control. All the noted features makes the study an experiment. The study used various types of statistical analyses including Standard deviation, Pearson Chi-square test, 2 sample t-test, K statistics, bivariate analysis, Fisher’s exact test and Multivariable logistic regression analyses at 0.05 level. This paper discusses the Pearson Chi-square test, bivariate analysis and regression analyses. (1)

BEHAVIOURAL FINANCE AND MARKET EFFICIENCY Essay

BEHAVIOURAL FINANCE AND MARKET EFFICIENCY - Essay Example Due to the presence of inefficiency within the global market, the sales and profitability of a company is not only affected but also the country’s ability to build a more reliable capital asset. Therefore, in response to poor market efficiency, the study on behavioural finance has gained importance back in 1990s2. Using knowledge on behavioural finance, the main causes and underlying drivers of the most recent global financial crisis will be identified and tackled in details. As part of analyzing the factors that has triggered the recent global financial crisis, both behavioural and non-behavioural explanation behind such crisis will be compared and contrast. In relation to the presence of irregularities in the global markets, whether or not â€Å"value† is riskier than â€Å"growth† will be answered based on the theory behind the rational risk pricing. 2. Main Causes and Underlying Drivers of the Most Recent Global Financial Crisis 2.1 Non-behavioural Explanatio n behind the Most Recent Global Financial Crisis Next to the Great Depression which occurred back in 1930s, the worst global financial crisis happened between 2007 to 2008 when most of the large-scale financial institutions worldwide were at risks of bankruptcy aside from the sudden fall in the stock markets3. Specifically the U.S. real estate bubble in 2006 had caused serious damages to the status of global financial institutions4, 5. Eventually, the prolonged 2007 to 2008 global financial crisis has somehow contributed to the European sovereign-debt crisis6, 7. This increases the risks wherein most of the largest financial institutions such as the Lehman Brothers had serious problems about their liquidity and bank solvency8. Based on the study of macroeconomics, a lot of potential factors have been considered to be the main drivers behind the most recent global financial crisis. Based on the historical trend in the global financial crisis, one thing that is certain is that increas e in financial imbalances within the world market has something to do with today’s global financial crisis9. Likewise, it is also suspected that the growing imbalances in the worldwide capital flows are one of the main reasons behind the recent global financial crisis10, 11, 12, 13. Furthermore, it is also possible that the combination of the increasing imbalances in the flow of capital worldwide and the use of monetary policies have contributed to the development of the recent global financial crisis14, 15. Financial crisis is often characterized by having relatively low levels of national savings, huge fiscal and financial deficits, business bankruptcy and foreclosure, low GDP output, high unemployment rate, and huge trade or current account deficits16. With regards to the continuously increasing global financial imbalances, Merrouche and Nier (2010) explained that the incidence of global financial imbalances is somehow strongly connected with the huge dispersion between a huge net capital flows between two or more different countries and the position of the current account across different countries17. In line with this, a country with excessive inflows of capital can have long-term low interest rates which can influence most investors to search for other investment options as most financial institutions would try other means of maintaining their daily operational costs18, 19. Likewise, excessively high inflows of capital can also significantly reduce the wholesale funding cost of the