The World versus Grendel Essay - 449 Words

The World versus Grendel I noticed that there was a switch in emphasis on the Christian notion of god rather than the pagan ideals of multiple gods as we saw in earlier stories. In this world of early Christianity, as well as in the stories where pagan gods were worshipped, there is favoritism, and most importantly a â€Å"just† victor and this is attributed to god’s favoritism upon the hero. In this case, Beowulf defeated -Grendel not only because Grendel was â€Å"evil,† but also because â€Å"Beowulf was granted/ the glory of winning.† (Lines 817-818) In this story, Grendel is cursed from the beginning and he has no chance of being a useful contributing member of a society that does not accept him, so in turning away from god, he became a†¦show more content†¦Maybe if Grendel had been invited to partake in the jubilation at the mead hall, he would not have been so focused on destroying it. There is repeated emphasis on the â€Å"Almighty Father,† and the â€Å"Heavenly Shepherd,† which greatly contrasts with the epithets assigned to poor Grendel. When anything good happens, it is attributed to the divine, and proper thanks must be given, but not in the form of a sacrifice as we saw in earlier â€Å"heathen† examples. My point that Grendel’s pre-destined path of evil is proven in lines 1260-1276 where we learn the history of the bible story Cain and Abel, and see where Grendel’s roots lie. â€Å"And from Cain there sprang/ misbegotten spirits, among them Grendel, / the banished and accursed†¦ (Lines 1265-1267). Once again I feel sympathy for Grendel because it seems he did not have a choice but to be the â€Å"enemy of mankind.† (Line 1275) Good could never come from these people of Cain because they fell from the grace of god, but it appears that Grendel never directly did anything to deserve this fate, he was a victim of circumstance and was trapped in his monstrous position. Grendel did not kill Abel, yet he suffers for Cain’s behavior. If Grendel were truly such a monstrous and evil beast, he would have done more damage toShow MoreRelatedAnalysis Of Grendel And The Epic Of Beowulf 1294 Words   |  6 Pagesdefinitions may not be so indubitable as John Gardner takes a hero and villain to a whole new level in his novel, Grendel. Throughout the years of novels and short stories, heroes and villains have been constructed as strictly good versus evil, but what if there is good in evil and evil in good? Grendel and the epic, Beowulf, revolve around this idea of heroes and villains and good versus evil. Gardner’s twist on the stereotypical hero leads to the true definition of a hero being changed as he createsRead MoreTheme Of Good And Evil In Beowulf859 Words   |  4 Pagesstory of a hero who is destined to defeat several monsters in order to save a kingdom from peril. The underlying meaning is good versus evil with good always prevailing in the end. The theme of good versus evil was portrayed through the char acters and events. Beowulf is the good guy fighting against evil. Beowulf is not just one person fighting against the evils of the world. In many cases, he is fighting for humanity’s sake. Beowulf is the epic hero of this poem. He has all the characteristics thatRead More grendelbeo Epic of Beowulf Essay - The Evil of Grendel942 Words   |  4 PagesThe Evil of Grendel in Beowulf The story of Beowulf, written during Anglo-Saxon times, is a classic epic tale between good versus evil.   It is a story that gives us insight into the values of the Anglo-Saxon people.   The Anglo-Saxons glorified heroism and the conquering of evil.   In the Anglo-Saxon epic Beowulf, the character of Grendel symbolically represents evil through his setting and heritage, his hateful attitude toward men, and his vicious acts of murder. Grendels heritageRead MoreSimilarities Between Beowulf And Grendel1433 Words   |  6 Pagesreading the novels Beowulf and Grendel, I was interested in how the stories told from different perspectives were influenced by the religion. Beowulf is the hero and savior from all the monsters and Grendel is one of the monsters slain by Beowulf. From a religious standpoint Beowulf is written very focused on religion; like Beowulf acknowledges that God is the reason he is able to slay all of the beasts. On the other hand we have Grendel; he believes that the world is how he defines it. Beowulf wasRead MoreJustice Vs Evil In Beowulf976 Words   |  4 PagesBeowulf is a precious ancient Poem that vividly illustrates scenes that the Christian Gods religion influences the Germanic Society, and the Christian religion converts the Pagans belief people into Christian belief. In the Poem, justice versus evil refers to light versus dark; the justice mind hero Beowulf always win battles with evil min d monsters because the Almighty God judges the justice stands with victor, and judges the hell is the destination of evil doings; the Almighty God blesses Beowulf withRead MoreEssay on Beowulf study guide1576 Words   |  7 PagesEcgtheow, has come to fight Grendel. Hrothgar promises Beowulf treasure if he can defeat the monster. 2) In the beginning of â€Å"Beowulf,† King Hrothgar’s hall has been deserted for twelve years. In a short essay, tell why the hall has been deserted. Be sure to include specific examples from the text. What happened to those who ventured into the hall during those 12 years? What was the cause of this? At what time of day did these events take place? Explain. A. A. The monster Grendel is the reason for theRead MoreAnalysis Of Grendel s Grendel 977 Words   |  4 Pages From the novel Grendel (Gardner, 1971), Grendel is one of the three antagonists along with his mother and the dragon. Grendel has the combination of human and beast; he emerge in a society that mocks and threats him these scenes features racism and class level in the nineteenth century. Grendel is an individual who pleased to coexist with humanity, but also the murderous brute who kills for no reason. Grendel hears noises from the meadhall as he scramble through the woods. The twelve years of warRead MoreBeowulf: the Pagan Christian Epic Hero1569 Words   |  7 Pagesdeaths cold grip† (Norton, lines 174-175).    He knows that God has already created an ending to this battle with Grendel, and he is lavished with peace. He shows true Christian character, bravery, and faith in the manner in which he fights his battles. Beowulf exhibits Christ-like behavior through his good heart and charity. Beowulf understands the Danes oppression by the evil monster Grendel; just as Christ knew of the oppression of the Jewish people. Both set out to free and save their people fromRead MoreComparing Beowulf And The Middle Of Good And Underhandedness1521 Words   |  7 PagesCommonly we see a clash of good versus fiendish in motion pictures, books, society, and for this situation, an epic sonnet. This theme is utilized so regularly in light of the fact that it relates to such a large number of aspects of genuine life. The epic lyric Beowulf is a case of this on the grounds that the saint of the story has a progressing clash with the insidious scalawag, Grendel. In Beowulf, the contention in the middle of good and underhandedness is the lyric s fundamental and most criticalRead MoreCharacter Of Grendel And Beowulf999 Words   |  4 PagesMost readers find it hard to understand and sympathize with the antagonist of a story. When most think of Grendel, they p icture evil and mayhem. However, this is because of the one sided portrayal provided by the novel Beowulf. By having another piece of writing that identifies the other side to the character that was not addressed, it allows the reader to see a different point of view and connect with the overall story even more; this is especially important in significant parts of the story. Both

The Scarlet Letter, By Nathaniel Hawthorne - 1238 Words

People often keep secrets in an effort to hide their sins from others. This is a risky since secrets have a way of manifesting themselves externally, and thus, letting everyone know of their owner’s sins. Hidden sin is a prominent theme in Nathaniel Hawthorne’s, The Scarlet Letter. Names like Chillingworth and Dimmesdale let the reader know how, in reality, these characters are, before ever really encountering them. Characters whom the reader will encounter in this novel are going through some type of dilemma on the inside, which begins to show itself in the exterior of the particular individual. In The Scarlet Letter, two studious individuals, Roger Chillingworth and Arthur Dimmesdale, two of the main characters in the novel, each†¦show more content†¦After he begins his quest the townspeople observe something ugly and evil in his face which they had not previously noticed, and which grew still the more obvious to sight, the oftener they looked upon him.â₠¬  Soon his wife, Hester, finds the former aspect of an intellectual and studious man, calm and quiet, which was what she best remembered in him, had altogether vanished and been succeeded by an eager searching, almost fierce, yet carefully guarded look. Chillingworth, the injured husband, seeks no revenge against Hester, but he is determined to find the man who has violated his marrige: â€Å"He bears no letter of infamy wrought into his garment, and thou dost; but I shall read it on his heart.† Chillingworth comments: â€Å"Believe me, Hester, there are few things... few things hidden from the man who devotes himself earnestly and unreservedly to the solution of a mystery.† Thus, Chillingworth intends to seek the father at any cost. The reader finds out that cost winds up to be his own life, through the attachment that he has made to trying to bring down Reverend Dimmesdale, the father of the child whose name is Pearl. It is quite apparent that his external features have changes during this whole procedure of finding out the identity of Dimmesdale: â€Å"a change had come over his features...how much uglier they were...how his dark complexion seemed to have grown duskier, and

Gate Sample Application Form Free Essays

Zone/Scrutiny Code By Registered Post/Speed Post Only 6NP To GATE 2013 Chairman GATE Indian Institute of Technology Kharagpur Kharagpur, 721302 From Nifal Rasheed Adam AN KHOSLA HALL OF RESIDENCE INDIAN INSTITUTE OF TECHNOLOGY BHUBANESWAR NEAR DOORDARSHAN KENDRA, OPPOSITE CMPDI SAMANTAPURI, BHUBANESWAR Orissa, 751013 148 J 871 Y 99380 59870 (Mobile No. ) Cut Here Instructions to the Applicant (GATE 2013) 1. This print out should contain the following pages. We will write a custom essay sample on Gate Sample Application Form or any similar topic only for you Order Now (a) This page: Address Slip and Instructions. (b) Application form, filled with the information you provided online. c) Bank Challan in Triplicate (available as a separate file for download from the GATE Online Application Interface), if you have chosen Offline Challan Payment (Not applicable for female candidates). 2. On the GATE copy of the Application Form, paste a 4. 5cm x 3. 5cm printed copy of the SAME color photograph you uploaded online. (a) Use good quality glue to ensure that the photograph does not separate from the application. (b) Do not pin, stapple, sign, or attest the photograph. 3. Read the declaration and put your signature in the box next to it. 4. If you are in the final year or you have a backlog after appearing for the final year exam, you must get your Principal’s or HOD’s sign and seal in the last portion of the application form. Submit the whole form to the Principal’s office without cutting it. 5. If you have opted for Challan payment, wait for 48 hours after your online submission to visit the bank’s branch. You can visit any branch of the bank printed on your challan. 6. The bank teller will verify the details printed on the challan with the data available on their computer and then accept the payment. The bank will retain one copy and give you back the remaining copies: one of which you have to send along with the printed application form and the other is for your reference. 7. Mailing Documents to GATE office. (a) Cut the Address Slip and paste it onto an A4 sized envelope (Do not fill address by hand or tamper the address slip). (b) Collect the supporting documents shown under Enclosure Checklist in the application form (if you have uploaded the soft copy of the documents online, you need not send a hard copy). Mark the check list boxes. (c) Do NOT FOLD the application form and Do NOT STAPLE or pin the documents to the form. d) Send the packet by Speed Post (preferably) or by Registered Post to the address mentioned. The application packet should REACH the respective GATE office on or before Monday, 8 October 2012. Note: Application ID – 148 J 871 Y. You should preserve this number for further correspondence. Zone/Scrutiny Code 6NP 148 J 871 Y (Full Name of Applicant) GAT E 2013 Application Form Applicant’s recent photograph 4. 5 cm x 3. 5 cm (Application ID) Nifal Rasheed Adam 148 J 871 Y 20 Aug 1990 (D. O. B) Male (Name of Parent) OBC-NC Do not Attest Do not sign on photo Indian National P Abdul Rasheed Communication Address AN KHOSLA HALL OF RESIDENCE INDIAN INSTITUTE OF TECHNOLOGY BHUBANESWAR NEAR DOORDARSHAN KENDRA, OPPOSITE CMPDI SAMANTAPURI, BHUBANESWAR Orissa, 751013 India GATE Exam Details ME (GATE Paper code) Bhubaneswar, OR (Exam City 1) Cuttack, OR (Exam City 2) Scribe Assistance Required: nifaladamiit@gmail. com 99380 59870 (Mobile No. ) No Qualification Details B. Tech Mechanical Engg. Graduated: No, Year of Graduation: 2013 INDIAN INSTITUTE OF TECHNOLOGY BHUBANESWAR BHUBANESWAR Orissa, 751013 Zonal GATE Office Contact Chairman GATE Indian Institute of Technology Kharagpur Kharagpur, 721302 Payment Details Online Rs. 1200. 00 MSBI2813789700 21/09/2012 I hereby declare that all the particulars stated in this application form are true to the best of my knowledge and belief. I have read the Information Brochure and I shall abide by the terms and conditions therein. In the event of suppression or distortion of any fact in my application form, I understand that I will be denied the opportunity to appear in GATE 2013. Further, if any suppression or distortion of facts is found after appearing in the exam, any admission/degree acquired on the basis of GATE 2013 score is liable to be cancelled. Digital Fingerprint: b16140f109c2622e796613acd26a33dc Date: †¦Ã¢â‚¬ ¦ /†¦Ã¢â‚¬ ¦ /†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Applicant’s signature inside the box in black ink Principal Certificate (For use as the eligibility certificate only for final year or backlog applicants) This is to certify that Nifal Rasheed Adam is a student enrolled in INDIAN INSTITUTE OF TECHNOLOGY BHUBANESWAR, BHUBANESWAR. He is a student of the final year of B. Tech. He appeared in the final semester/year exam of the above degree, but has a backlog to be cleared from an earlier semester/year, and therefore cannot produce a course completion certificate. Date: Signature of Principal/ HOD Seal How to cite Gate Sample Application Form, Papers

Cultural Intelligence Nurse Education Today

Question: Discuss about theCultural Intelligencefor Nurse Education Today. Answer: Introduction The main purpose of this paper is to support the thesis statement on the analysis of self-cultural awareness and its role in promoting cultural intelligence. The paper will rely on a personal self-inventory assessment to determine the implications of certain activities on the life of people and the role of culture in helping to raise a responsible professional with the ability to work across different cultures. The paper will also share and focus on personal issues and opinions on the importance of culture while supporting the information through the use of secondary data from different literature works written by authors in the field of culture. The paper will also use personal specific examples to show the need to incorporate the three concepts of knowledge, experience and behavior. The paper will be outlined into four major parts which are family, religion, festivals and cultural traditions and their impact towards ones development of cultural intelligence in life. The paper will also mention the benefits of cultural intelligence and how it improves activities at the work place alongside formulating a solution around the life of a person and the focus of different interests in life. A summary of the ideas will also be provided in the conclusion. Culture and cultural understanding is a critical tool in a persons life. Every individual belongs to a specific culture that outlines their personal beliefs, conduct and way of life. Culture mainly depends on a persons ethnicity and origin (Rosseter, 2014). Culture includes family values that are passed down to generations to outline the conduct of people and relations. Cultural self-awareness refers to the aspect of understanding culture at a personal level. The act involves understanding specific cultural values, beliefs and perceptions among people and the actions that govern people (Mills Fitzgerald, 2008). Self-cultural awareness enables one to communicate and interact with others while keeping in mind key personal attributes that one should adhere to in life. Cultural intelligence, on the other hand is the concept of leveraging capabilities, traits and personal attributes to work and interact with people from different places at the work place. My life as a child was often cha racterized by loneliness and being independent. I hardly socialized and kept to myself most of the time. However, after learning my culture, religion and other concepts in life I became friends with people and ended up living a happy life.One has to understand the ideas that conduct people and the issues related to personnel management in a cultural perspective. Cultural intelligence involves finding a balance to interact with people across different cultures. Cultural intelligence does not mean that one will follow the beliefs of others but rather one will learn on ways on how to understand and respect the values of others and their cultural perception in the course of work and interactions. Religion, family, festivals and cultural traditions are aspect that help a person to be cultural aware and responsible about specific issues in the community. The culture of a person incorporates the concepts of religion which involve the beliefs and how one has been brought up with regards to the specific religion. Family is also an integral aspect that relates to key issues like the model of the family, the people who raised you and the blood relations you have with people. Family is important in culture because it outlines the practices that a person partakes in and the significance of certain activities. The issue of culture and religion remained long to be a challenge that I faced at a personal level. However, having been an avid supporter of islamophobia I got to meet Muslims who became friends and taught me that their religious practices draw them to Allah rather than make them become radicalized individuals that preach hate. I learnt therefore the relevance of their culture.F estivals and cultural traditions and critical markers that outline the beliefs in the life of a person. The activities in the life of a person are shaped through the attendance of festivals and events on cultural awareness. A person therefore can learn on ways on how to accommodate the culture of other people in their lives. Through experience, knowledge and behavior a person ends up learning the critical factors that determine their life and issues around them (Denny et al., 2016). Understanding oneself is the major guideline that helps to enhance cultural awareness in the life of a person. Through the study of culture and family one learns the values to uphold as critical and the values that one is not to give keen consideration about. Cultural intelligence is developed through understanding the components that make up culture. Culture is developed through the learning of key components that make up the culture of a person. I have learnt an acquired values of cultural intelligence through embracing the diversities of a cosmopolitan society which allows me to associate and mingle with people freely in the society. This enables me to have many friends. The culture of a person consists of his or her beliefs on family, religion, festivals and traditions. Through learning the four concepts one can learn to respect them and value the fact that different persons share different beliefs on the topic. When working one has to ensure that the respect prevails in the life of person. Through the understanding one can learn on why it is wrong to impose personal beliefs on others and the need to uphold the values that people share. People can learn on how to schedule work so as to as to avoid interfering with the schedule of othe r people and therefore lead a happy life (Handerson et al., 2011; Hunt et al., 2012)). People also learn on the need to respect the relations of others and knowing that different families have different structures and relate differently. Cultural awareness helps to enhance cross-cultural intelligence. Cultural awareness helps a person to learn on the need to respect religious values of others and understand the availability of different families and religions in the world. For instance, a time while living in a mixed neighborhood I always thought of my African neighbors as weird people because they listed to African songs which I assumed were weird. After learning the songs, I became more understanding and liked the music as well. This is an illustration of how cultural awareness bridges boundaries.People share different beliefs and attributes depending on their origin and how they were raised. Understanding the concept can help a person to figure out ways through which they can seek to learn new cultures. Religion is a huge part of culture that outlines different activities around people and the conduct of culture (Davies et al., 2014; Miner, 2015). People can learn to be responsible to study and understand culture and its values among people. The existence of different religions shows that people are governed by various varied traits in life which dictate the values that they are raised to believe. One can learn new beliefs and traits of religion and incorporate them in work. The family life religion is separated on different values such as who the head of the family is and the hierarchical composition of the family (McCarthy Evans 2003). In the administration of duty, a person should ensure that they do not violate protocol and instead learn to accommodate different family structures at work. This can help enhance cultural relations. To conclude, the ideas presented in the paper indicate the importance of cultural self-awareness and its role in gaining cultural intelligence in the life of a person. Cultural intelligence as explained in the paper appears to emerge as a result of personal cultural understanding. Through understanding the key factors of cultural intelligence one learns on the need to respect the culture of others and the concept of following instructions in the life of a person. The personal understanding of the importance of culture helps a person to be aware on the variations that exist among people and why one should not seek to change the beliefs of a person about life, religion and other related factors. A culturally aware person can therefore help in formulating a better relationship that will ensure a happy relationship among colleagues and people from different parts of the world. The study of culture is therefore important and necessary for a person to enforce in life. References Davis, L., Taylor, H., Reyes, H. (2014). Lifelong learning in nursing: A Delphi study. Nurse Education Today, 34(3), 441-445. Denny, E., Earle, S., Hewison, A. (2016). Sociology for nurses. Cambridge: Polity Press. Henderson, A., Briggs, J., Schoonbeek, S., Paterson, K. (2011). A framework to develop a clinical learning culture in health facilities: ideas from the literature. International Nursing Review, 58(2), 196-202. Hunt, L. A., McGee, P., Gutteridge, R., Hughes, M. (2012). Assessment of student nurses in practice: A comparison of theoretical and practical assessment results in England. Nurse Education Today, 32(4), 351-5 McCarthy, A., Evans, D. (2003). A study on the impact of continuing education for nurses and midwives who completed post registration courses. Nursing and Midwifery Planning Development Unit, Western Health Board, Ireland. Retrieved on March 16, 2017 from Mills, J., Fitzgerald, M. (2008). The changing role of practice nurses in Australia: an action research study. Australian Journal of Advanced Nursing, 26(1), 16-20 Miner, John B. 2015. Organizational behavior 1: Essential theories of motivation and leadership. Routledge. Rosseter, R. J. (2014). The impact of education on nursing practice. American Association of Colleges of Nursing Fact Sheet, 202, 463-6930 Sharif, F., Masoumi, S. (2005). A qualitative study of nursing student experiences of clinical practice. BMC nursing, 4(6). Wey-Wen, J., Wei, C., Yu-Chih, C. (2004). Important Computer Competencies for the Nursing Profession. Journal of Nursing Research (Taiwan Nurses Association), 12(3), 213-225.

Paganism and Christianity in Beowulf free essay sample

Like a man outlawed for wickedness, he must await the mighty judgement of God in majesty. (Beowulf, Heaney, p. 65) Finally, as Beowulf is dying after being mortally wounded by the Dragon, he ultimately thanks and praises God for the future prosperity of his kingdom, passing off the fame and glory to God instead of claiming it solely himself: To the everlasting Lord of All, to the King of Glory, I give thanks that I behold this treasure here in front of me, that I have been allowed to leave my people so well endowed on the day I die. (Beowulf, Heaney, p. 189) The attempt at bridging Pagan tradition with Christianity is clear and powerful. Fate and personal fame and glory are important doctrine in Paganism, and the author of Beowulf is able to mend these characteristics with the Will of God and the ultimate power and glory of God, all major aspects of Christianity. We will write a custom essay sample on Paganism and Christianity in Beowulf or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 2-B2 The Gospel of Matthew was and still remains a critical text to Christians, both cradle Christians and converts from Judaism. It depicts the life of Jesus, as did the other two synoptic gospels Mark and Luke. It includes depictions of Jesus’ birth in Bethlehem, his temptation, his baptism by John the Baptist, his teachings, his crucifixion, and his resurrection and Great Commission to his disciples. ?The Great Commission is arguably the most significant excerpt from the Gospel of Matthew as is believed to be Jesus’ instructions dictated to his disciples to go out and spread the teachings of Jesus. It is found in Chapter 28, verses 16-20: â€Å"Then the eleven disciples went to Galilee, to the mountain where Jesus had told them to go. When they saw him, they worshiped him; but some doubted. Then Jesus came to them and said, All authority in heaven and on earth has been given to me. Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I have commanded you. And surely I am with you always, to the very end of the age. This excerpt has been interpreted by Christians as divine instruction to evangelize nations, baptize non-Christians, as well as to perform missionary work. It is central to the theology of most Christian religions. Also of note, the Gospel of Matthew served as a bridge from Judaism to Christianity. In it, Matthew attempts to demonstrate how Jesus fulfilled the prophecies of the Old Testament and that Jesus is, indeed, the Messiah foretold in the old texts.

Analyzing the role of Strategic Entrepreneurship in forming temporary Competitive Advantage that leads to Value Creation The WritePass Journal

Analyzing the role of Strategic Entrepreneurship in forming temporary Competitive Advantage that leads to Value Creation Introduction Analyzing the role of Strategic Entrepreneurship in forming temporary Competitive Advantage that leads to Value Creation ). Strategic entrepreneurship essentially involves concurrent opportunity-seeking and advantage-seeking behaviors, which result in better performance of the firm (Ireland, Hitt Sirmon, 2003). This research is interested in conducting a similar investigation and seeks to analyze the role of strategic entrepreneurship in forming temporary competitive advantage, which leads to the creation of value for the firm. Research Questions This dissertation is interested in determining whether firms, which engage in strategic entrepreneurship, are able to establish temporal competitive advantage in a dynamic environment, especially whilst competing with other firms and within the context of creating value for the firm. Below are the specific questions to be addressed in this dissertation: What benefits would a firm obtain by successfully employing strategic entrepreneurship in the current competitive market? What temporary competitive advantage results from employing strategic entrepreneurship? Does strategic entrepreneurship create value? Aims and Objectives The primary aim of this research is to analyze the role of strategic entrepreneurship in building competitive advantage and creating value for the firm. Based on the research questions given above, the objectives of this dissertation are as follows: To find out the benefits of employing strategic entrepreneurship To understand what competitive advantages are the result of utilising strategic entrepreneurship To investigate whether strategic entrepreneurship creates value for the firm Rationale This dissertation will provide insights on the significance of strategic entrepreneurship, especially within the context of forming temporary competitive advantage, in pursuit of creating value for the firm. This research seeks to address some of the gaps in literature, such as understanding the balance between the opportunity-seeking behavior associated with entrepreneurship and the advantage-seeking behavior of strategic management (Hitt et al., 2011). Moreover, a Strategic Entrepreneurship Theoretical Tree will be utilized in order to analyze the various components of strategic entrepreneurship. The theoretical tree is created based from the different studies conducted on the subject. Literature Review (Preliminary) Strategic entrepreneurship is associated with firm’s objective of achieving superior performance through the simultaneous application of both opportunity-seeking and advantage-seeking activities (Ketchen, Ireland, Snow, 2007). Various researchers have identified different components of strategic entrepreneurship, which can lead to superior performance of the firm. Ireland, Hitt Sirmon (2003) proposes four dimensions for the successful implementation of strategic entrepreneurship: (a) entrepreneurial mindset; (b) entrepreneurial culture and leadership; (c) strategic management of resources; and (d) applying creativity to develop innovations. At the business level, value creation is usually reflected in the expansion and growth of a firm. Welter Smallbone (2004) found that Institutional Economic Theory highlights the institutional embeddedness and path dependence of entrepreneurial behavior. This, in turn, influences the degree and nature of value creation for the firm. A number of authors have identified the factors that influence value creation and competitive advantage. Pongpearchan (2011, p.5) found that ‘operational innovation efficiency and business practice effectiveness have a significant positive effect on value creation excellence.’ On the other hand, Rindova Fombrun (1999) argue that competitive advantage is a systemic outcome which develops as firms engage in processes that involve the use and exchange of resources, as well as the communication that occurs in these exchanges. Therefore, the fluctuations on the interpretations and evaluations of a firm affect its resources and its competitive advantage in the marketplace. Below is the model of the Strategic Entrepreneurship Theoretical Tree which will be used as the main theoretical framework of this research. Each of the components of this model is based on different studies. These will be discussed in more detail during the full dissertation document. Methodology This research will use quantitative research methodology in addressing the objectives of the study. Quantitative survey will be used in gathering data from respondents. Quantitative methodology is chosen for this study because it will allow the researcher to utilize the opinions of respondents in explaining the phenomena being studied. The survey will be administered to employees and managers of SMEs and large commercial firms in the UK to find out their views on the subject. The survey will asks questions such as how respondents perceive the role of strategic entrepreneurship in forming creative temporary competitive advantage; what are the benefits of strategic entrepreneurship; how can firms create value; etc. The target number of respondents for the survey is 100. In anticipation of the fact that some potential respondents might refuse to participate in the survey, around 175 to 200 questionnaires will be distributed to ensure that 100 responses will be gathered. The survey will be administered face-to-face, via post, though emails, and online. This is done to allow respondents to choose how they want to answer the survey. After data gathering is completed, statistical analysis will be used in analyzing the data. SPSS and Excel will be used as the primary software for analysis. References Hitt, M, Ireland, D, Sirman, G, Trahms, C. (2011). Strategic Entrepreneurship: Creating value for individuals, organizations and society. Academy of Management Perspective. p.57-75. Ireland, D, Hitt, M, Sirmon, D. (2003).   A Model of Strategic Entrepreneurship: The Construct and its Dimensions. Journal of Management. 29(6), p.963-989 Ketchen, D, Ireland, D, Snow, C. (2007). Strategic entrepreneurship, collaborative innovation, and wealth creation. Strategic Entrepreneurship Journal. 1(3-4), p.371-385. Olusola, A. (2012). Strategic Entrepreneurial Skills’ Influence on Small Businesses’ Performance in Oyo and Osun Western States-Nigeria. Research Journal in Organizational Psychology and Educational Studies.1 (6), p.345-352. Pongpearchan, P. (2011). Strategic entrepreneurship management competency and firm success: a comparative study of SMEs in auto and electronic parts in Thailand. International Journal of Business Strategy. 11(2). Rindova, V Fombrun, C. (1999). Constructing competitive advantage: the role of firm-constituent interactions. Strategic Management Journal. 20(8), p.691-710.

Sociological imagination Essay Example | Topics and Well Written Essays - 750 words

Sociological imagination - Essay Example People see themselves merely as recipient of society rather than recognizing their dual roles as both creators and receivers of the artifacts of society and socialization. The film â€Å"A Better Life† demonstrates many of these characteristics. Its main characters, Carlos, and undocumented immigrant, who buys a friend’s gardening business only to have its main asset (a truck), only to have it stolen, and Luis, seem to only be able to brave the struggles that are thrown at them every day without being able to act to change the systems that oppress them. The film makers, thus, fall into the trope of creating victims of society and socialization, without giving them agency to actually be a force for change in the social fabric. The film â€Å"A Better Life† is certainly a heart rending story, with people working incredibly hard just to make ends meet, and who face an unfair system that tilts their struggle for life against them. One of its main problems, whoever, i s that it does not give its characters a great deal of agency beyond simply responding to one crisis after another – reacting to the things that are presented of them. This trope begins from the very opening of the film, when Carlos is (apparently for the nth time) offered his partner’s gardening business. He faces a choice foisted on him from outside circumstance: to buy or not to buy? When he hires someone who then steals his car, he likewise faces choices on how to deal with it, and eventually decides to steal the car back. Finally, when pulled over and deported, he has a choice of remaining in Mexico or of trying to get back in to America, and he chooses the latter. This sequence of outside crisis is certainly how many people imagine their lives, noticing only what Mills calls the â€Å"millieux† around them, that is, their circumstances, without recognizing that they have a part in shaping those circumstances. This is not at all to seem critical of the char acters – that they should be doing more to give themselves a better chance at life. This issue is the film plays into a problem with the way people imagine themselves in the world with being solely the receivers of society and culture, rather than the creators and recipients of it. This film could have been better if the main characters at least recognized that they had some ability to shift the dynamics that were occurring, and that if many people like them made likewise changes then long lasting, changes for the better could actually occur. As it currently stands, the film tells the story of a valiant fight against a society that stacks the deck against much of its own population, but is not critical of the dynamic and trope of the individual responding to crisis foisted upon them by an outside, distinct society that they have no role in creating. â€Å"A Better Life† is certainly a good film outlining many important issues in sociology, such as oppression, the inter action between race and culture, the situation of immigrants and acculturation to new cultures and so on. Yet it falls into a trap that is very easy to stumble in to,

IS Strategy for the Business of Johnsons Plc Essay

IS Strategy for the Business of Johnsons Plc - Essay Example This research will begin with the statement that modern and efficient technology always attracts common and business people. In this decade the new information technology such as IS and an IT-based system has offered an exceptional influence on the diverse aspects. Additionally, the emergence of e-commerce or web-based business has offered a lot of advantages to business corporations. In addition, the application and utilization of new technology-based tools and systems have offered better support for the business operational automation in addition to enhanced management. In case of traditional business practices the business managers along with administration nowadays competently comprehend the significance of technology and its potential influence on the better business and corporate support. The need for the new technology-based systems and support is now considered very vital in every area of business. Additionally, the business management and administration have now realized tha t without a proper technology-based system and operational support through new technology-based systems, there is no way to manage a business effectively and obtain a better competitive edge for the business. Johnson's plc manufactures and trades a range of office fixtures products, comprising chairs, desks, tables and special computer furniture. Johnson's plc has established a long time ago and now evolved into an immense business arrangement with the staff of 60 people along with sales earnings of  £2.5m for the previous year. The business comprises a lot of business departments like management, sales, purchase, manufacturing, advertising, etc. In addition, all the departments are presently operational through the traditional business handling and management arrangements. In this scenario, the business is facing some of the major and critical handling and operational complexities of the better business and operational management.

TERRORIST USE OF NUCLEAR WEAPONS Research Paper

TERRORIST USE OF NUCLEAR WEAPONS - Research Paper Example Terrorist activities are least likely to take place in high altitude areas since in most cases; these are areas that are always heavily militarized. Nuclear weapons are known to be the most dangerous of all weapons manufactured and utilized for military purposes (O’Neil, 2003). Terrorists are known to be using various weapons ranging from chemical to biological in carrying out their activities. Though they have not been using nuclear weapons, there has been a major concern over the use of nuclear tactic by terrorists in carrying out their activities. This paper will examine the possibility of terrorists using nuclear weapons and measures that countries can initiate to deter this menace from happening. Currently, countries cannot afford to ignore the rise of a new type of terrorism operating cross different countries and boundaries. These terrorist activities have their main aim as inflicting mass casualties and destruction. This move was illustrated by bombing of America’s pentagon House that took place on 11th September, 2001. Many people died, others sustained serious injuries and properties worth billions of dollars were destroyed. This is a clear indication that terrorist attacks using extremely dangerous weapons will remain a realistic prospect now and even in the future (O’Neil, 2003). The prospect of terror groups acquiring nuclear weapons has haunted the world at large for quite a long time now. Nuclear weapons could be made to yield a magnitude and effect of many kilotons and those weapons can be made small enough to increase their portability. There are various ways through which terrorist organizations can acquire nuclear weapons. They are the most powerful of all weapons used by terrorists in terms of their destruction. How easy are nuclear weapons to acquire? This is one question that one should have in mind. Nuclear weapons are attractive to terrorists due to their effects of

Analysing Rationality And Objectivity

Analysing Rationality And Objectivity Central to critical thinking and education espoused by Israel Scheffler are the concepts of rationality, objectivity, and pragmatic realism. Schefflers conception of rationality is normative; he views rationality as a mode of thought and action which all strive for (Sheffler, 1973) as opposed to a conception of rationality as descriptive which would suppose that rationality is a daily manifestation in our lives. Another interpretation that Scheffler provides to rationality is that it underscores both the ends of actions as well as the values embedded within them (Scheffler, 1973). Scheffler recognizes that rationality is sometimes categorized and separated into the theoretical and practical domains: theoretical rationality deals with beliefs whereas practical rationality emphasizes on actions. Scheffler favors a hybrid concept of rationality wherein both theoretical and practical aspects are considered. In Reason and Teaching, Scheffler defined rationality as the ability to participate in critical and open evaluation of rules and principles in any area of life and the free and critical quest for reasons (Scheffler, 1973, p. 62). The fundamental characteristics of reason then are consistency and experience; these constitute rationality in the judgment of specific issues (Scheffler, 1973). The requirement of formal consistency purports that our evaluation and elaboration cannot be considered rational if there are no operative principles or criteria to guide us in forming judgment. However, these rules and principles are not implanted in the mind but are products of the evolution of human knowledge. Scheffler (1973) explained: The fundamental point is that rationality cannot be taken simply as an abstract and general ideal. It is embodied in multiple evolving traditions, in which the basic condition holds that issues are resolved by reference to reasons, themselves defined by principles purporting to be impartial and universal. (p. 79) Scheffler views that rationality should be considered a fundamental aim in education. As a broad concept, rationality has the tendency to bridge the different fields of education rather than pull them apart (Siegel, 1996, p. 649). Rationality and all the ideas attached to it are pivotal to discussion, consideration, reflection, and deliberation. Scheffler provides the example of a dancer. Dance incorporates rationality as the student performs; dance is not merely emoting and simply flailing of arms and legs. It requires thinking, questioning, and talking by way of gestures. Objectivity Schefflers conception of rationality is tied to objectivity which is defined as the process where judgments are put to the test of independence and impartial criteria (Scheffler, 1967, p. 1, 3). Neiman and Siegel (1993) elucidate on the connection of rationality and objectivity in the Schefflerian context: If my belief that p is rational, then that belief is based upon relevant evidence which is impartially and objectively weighed and assessed. Objectivity, in the sense specified, is thus a necessary condition for science and for rational deliberation and belief more generally. But rationality is equally required for objective judgment, since such judgment requires that claims and assertions be evaluated independently, on the basis of relevant evidence, and that the judgment reached be determined by the strength of that evidence. (p. 61) Responding to the claims of the positivist school that beliefs are ultimately subjective, Scheffler argued the issue of objectivity as a way by which we can examine our belief systems and choose from other competing paradigms which is best, based on good reasons (Scheffler, 1982). Scheffler cautions against the excesses of the Cartesian method where truth is held as miserly caution where the scientist gathers the facts and guards the hoard (Scheffler, 2009, p. 131). Theoretical imagination is considered a distraction and an obstacle to pure objective science. According to Scheffler, so long as people have access to methods and opportunities to deliberate, they manifest to varying degrees, their level of objectivity. To him, objectivity concerns the manner of justification; it requires only the responsible commitment to fair canons of control over ones theoretical claims (Scheffler, 1982, p. 67). In response to demands of certainty and uniformity in scientific inquiry, Scheffler (2009 ) provides this critique: This doctrine is, in fact, the death of theory. Theory is not reducible to mere fact gathering, and theoretical creation is beyond the reach of any mechanical routine. Science controls theory by credibility, logic, and simplicity; it does not provide rules for the creation of theoretical ideas. Scientific objectivity demands allegiance to fair controls over theory, but fair controls cannot substitute for ideas. (p. 131). Moreover, a crucial element of Schefflers conception of objectivity is the absence of certainty, a reflection to his commitment on the epistemological doctrine of fallibility (Scheffler, 1982). Accordingly, the criteria made for justification are also fallible (Siegel, 1982). The norms and criteria should be universal if only to media conflicts between belief systems of particular groups or cultures. However universal we would want these norms to be, we cannot prove the validity of how these criteria serve as justification for objectivity. Hence, justification should not be misconstrued as truth (Siegel, 1982). In the context of education, the inevitable facts of human fallibility and cumulative nature of scientific knowledge preclude absolute certainty. Scientific principles or scientific doctrines should not be considered as absolutes; rather, education must be organized in such a manner which leaves some room for the possibility of intelligible debate over the comparative merits o f rival paradigms (Scheffler, 1982, p. 130). In this regard, educational content should not be presented as eternal truths but rather as the best truths that we have come up with for the time being. Scheffler conceptualizes rationality and objectivity in relation to a reality that exists independently. This reality partially evaluates which assertions are based on good reasons. In his response to Nelson Goodman, Scheffler makes an inference on truth as a human construction: Surely we made the words by which we describe stars; that these words are discourse dependent is trivially [trueà ¢Ã¢â€š ¬Ã‚ ¦.It] doesnt imply that stars are themselves discourse dependent. (p. 200) Schefflers interpretation of rationality and objectivity figures into what he considers a minimal version of realism. He approaches the entire concept of reality as an educational aim with suspicion. In lieu of reality, Scheffler argues that educators need to emphasize the constrained nature of our inquiry. In the context of educational practice, educators must acknowledge that there are theories more credible over others; our deliberation and evaluation on what these theories are should be depend on reasoned judgment and sound criteria (Scheffler, 1973). Realism presupposes an ideal of expanding our conception of reality. In this case, teachers must encourage and help children keep in touch with reality and provide them with skills in order to manage within it and learn from it. Hence, realism also emphasizes how the development of critical abilities is indispensable in the evaluation and improvement of systems of description to make them more attuned to reality. Scheffler does not subscribe to radical constructivism which proposes that students should be left alone to construe their own knowledge or belief systems without guidance. Without such guidance, students are left with inappropriate or inadequate conceptual tools to learn and manage within reality. Like many supporters of the realist school, Scheffler believes that people who know and understand independent reality will have a greater probability of living a more rewarding life and making more reasonable choices. Accepting the plurality of theoretical and practical domains is one that must be embraced, based on good reason and evidence. Opposite radical constructivism is reductionism which narrows, delimits, and relativizes human understanding so that educational practice is tailor-made to fit into oversimplified conceptual constructs and absolute ideas of right and wrong answers. The idea of scientific and technical human being is one example. To Scheffler, the ideal educator uses Objectivity without certainty, relativity but not subjectivism, truth consistent with pluralism these are the pragmatic emphases I admire (Scheffler, 2009, p. 3). Schefflers views on rationality and objectivity emphasize the importance of reason and observation in our pursuit of understanding and truth. However, these pursuits do not preclude the use of non-cognitive emotions or morality. Based on Schefflers pragmatic realist point of view, the non-cognitive aspects of our belief systems do not automatically make them succumb to reason. In fact, in Schefflers (2009) view: The ideal theorist, loyal to the demands of rational character and the institutions of scientific objectivity, is not therefore passionless and prim. Theoretical inventiveness requires not caution but boldness, verve, speculative daring. Imagination is no hindrance but the very life of theory, without which there is no science. (p. 131) In summary, Scheffler assets that a degree of objectivity is required to pursue rationality. Rationalitys function is to help us weigh, assess, and evaluate our beliefs and actions based on good reasons and evidence. Objectivity ensures that our deliberations or judgments are impartial and not biased.

Gender & Jim Crow: Book Review Essay -- essays research papers fc

In Glenda Elizabeth Gilmore’s book Gender & Jim Crow, Gilmore illustrates the relations between African Americans and white in North Caroline from 1896 to 1920, as well as relations between the men and women of the time. She looks at the influences each group had on the Progressive Era, both politically and socially. Gilmore’s arguments concern African American male political participation, middle-class New South men, and African American female political influences. The book follows a narrative progression of African American progress and relapse. Gilmore argues that African American male political participation between 1890 and 1898 represented a movement toward greater inclusion. She claims that African American males in politics strove for the balance of power between political parties in North Carolina, and that the Populist-Republican victory in 1896 kept African American votes in contention and maintained some African American men in political office for a short period of time. There was an agreement between African Americans and whites that the â€Å"Best Men,† middle class African Americans, were to be the only African Americans to hold office. This was because by being dubbed the â€Å"Best Men,† they had met certain standards and were suitable for office according to the white politicians. The â€Å"Best Men† clashed with the South’s â€Å"New White Man,† who sought to re-monopolize voting rights and political power, as well as to completely dominate African Americans. Gilmore attri butes the â€Å"New White Man’s† goals to these men’s bitterness towards their fathers who were blamed for the defeat in the Civil War, southern underdevelopment, and black progress. Nonetheless, African American men rapidly increased power in politics when many positions became publicly elected. Gilmore reasons that the progress of African American men in politics caused upwardly mobile and middle-class New South men, Southern Progressives, to formulate disenfranchisement and Jim Crow laws, and to later blame the deficient â€Å"cracker† for acting on their verbal violence. She also says that white supremacists reacted to white women’s movement into public space, urbanization, industrialization, and African-American advancement, and â€Å"responded to black power even as [they] capitalized on black weakness† (p 118). The â€Å"Best Men† were blamed for the supposed rapists and malingerers in the Afr... ...th Carolina. I agree with her arguments, and found a great deal of the information in this book surprising, and also disturbing. I did not know a lot of the history of race relation in North Carolina, which was different from the rest of the south since whites barely outnumbered African Americans at that time in North Carolina. Because of this legal segregation came late and was more intense since the African Americans were able to put up more of a fight. All of Gilmore’s evidence supports her arguments, and makes a lot of sense. She did enough research and knows enough about the South that there is no reason any of the standpoints that she makes should be false. Glenda Gilmore’s book Gender & Jim Crow shows a different point of view from a majority of history of the south and proves many convictions that are not often stated. Her stance from the African American point of view shows how harsh relations were at this time, as well as how hard they tried for equity in society. Gilmore’s portrayal of the Progressive Era is very straightforward and precise, by placing educated African American women at the center of Southern political history, instead of merely in the background.

Cultural Relativism and Whistleblowing Essay

Explain using the ethics of cultural relativism the advantages and disadvantages of whistle blowing Cultural relativism is the principle regarding the beliefs, values, and practices of a culture from the viewpoint of that culture itself (Chegg.com: 2012). It is the concept that the importance of a particular cultural idea varies from one society or societal subgroup to another and that ethical and moral standards are relative to what a particular society or culture believes to be good or bad, right or wrong. In other words, â€Å"right† and â€Å"wrong† are culture-specific; what is considered moral in one society may be considered immoral in another, and, since no universal standard of morality exists, no one has the right to judge another society’s customs. According to Philosophy All About.org (2012) the view that the varied moral or ethical systems are all equally valid is based on the idea that there is no ultimate standard of good or evil; so every judgment about right and wrong is a product of society. Therefore, any opinion on morality or ethics is subject to the cultural perspective of each person. Ultimately, this means that no moral or ethical system can be considered the â€Å"best,† or â€Å"worst,† and no particular moral or ethical position can actually be considered â€Å"right† or â€Å"wrong.† Cultural perspective therefore can help us understand why certain actions are considered right or wrong by a particular culture. The actions being referred to include the act of whistle blowing. Boatwright (2009: 90) defines the act whistle blowing as the release of information by a member or former member of an organisation that is evidence of illegal and/or immoral conduct in the organisation or conduct in the organisation that is not in the public interest. Nadler and Schulman (2006) assert that whistle blowing is intricately linked to ethics in that it represents a person’s understanding, at a deep level, that an action his or her organisation is taking is taking is harmful and that it interferes with people’s rights or is unfair or detracts from the common good. The question therefore from a cultural relativism perspective is, through which culture’s lens is the â€Å"common good† being viewed. If in the prevailing culture whistle blowing is a common and acceptable practice an atmosphere where the advantages of whistle blowing has been cultivated. According to Trimborn (2012) the most important of the advantages is that whistle-blowing often ends long-standing wrongdoing that would have otherwise continued. Organisations who encourage a whistle blowing culture, promote transparent structure and effective, clear communication. More importantly, whistle blowing can protect the organization’s clients. Trimborn (2012) cites the example of a hospital employing a number of negligent staff members. Other, more ethically inclined, employees would need to bring such issues to the hospital’s attention, protecting the organization from possible lawsuits or severe mishaps resulting in a patient’s demise. In the case of clear workplace violations of health and safety regulations, or breach of employment laws, workers are protected and their rights upheld. With regard to research or technical issues, whistle-blowers may cite internal memos and other documentation to prove doubts existed about a product (such as a cover- up of certain medication dangers) or that false research results were knowingly published. Whistle-blowers often highlight safety concerns regarding cars or other products, thus protecting an unsuspecting public. Whistle-blowing upholds the law, protects many from the impact of wrongdoing, reveals the truth and prevents further wrongdoing. In cultures where whistle-blowing is frowned upon devastating consequences can be visited upon the whistle blower. Trimborn (2012) reveals some of whistle blowing’s negative repercussions. Firstly, it can bring termination of the whistle-blower’s services by the organization. It would be difficult to remain, no matter how justifiable the decision to reveal illegalities and no matter how much the revelations would actually benefit others. Secondly, big-time revelations could bring down the organization causing everyone to lose their jobs. Thirdly, the whistle-blower can get stigmatized as â€Å"disloyal† and be discredited in some way. Fourthly, the organization and sometimes colleagues may exact some form of revenge on the whistle-blower in retribution. Thus, the whistle-blower is somehow blamed for the wrongdoing and fired without an opportunity for vindication. In communities, the whistle-blower and family may be subject to hostile treatment, viewed as acting out of self-interest with a view to gaining advancement at others’ expense. In conclusion, unless culture, practice and the law indicate that it is safe and accepted for whistle-blowers to raise a genuine concern about corruption or illegality, workers will assume that they risk victimisation, losing their job or damaging their career. They even risk being cast out or ostracised by the communities they emanate from. In cultures where a safety net for whistle-blowers exists the whistle-blower is marked as a person of integrity who has the backbone to do what is right no matter what. It lets others know the whistle-blower can be trusted to deal with others honestly. It also limits the effects of intimidation tactics designed to sway whistle-blowers from taking appropriate action where necessary (Young: 2007).

November Calendar of Famous Inventions and Birthdays

November Calendar of Famous Inventions and Birthdays November is the month of Thanksgiving and some of the best inventions that made their official public debut with the registration of their patents, trademarks, or copyrights. Literary works, new methods of manufacturing, and new products all made their appearance for the first time in November. Throughout history, the 11th month of the year has also been when many great  inventors and scientists were born, and you can find out which famous figures and inventions share your November birthday below. Patents, Trademarks, and Copyrights From the birth of Apple Jacks cereal  to several special  Thanksgiving  Day inventions, there are many great creations that got their official start with the registration of their patents, trademarks, and copyrights in the month of November. November 1 1966: Apple Jacks cereal was trademark registered. November 2 1955: Jim Hensons Kermit the Frog, the first Muppet, was copyright registered. November 3 1903: Listerine was trademark registered. November 4 1862: Richard Gatling received a patent for the machine gun. November 5 1901:  Henry Ford received a patent for a motor carriage. November 6 1928: Colonel Jacob Schick patented the first electric razor. November 7 1955: The movie Guys and Dolls, based on stories by Damon Runyon,  was copyright registered. November 8 1956: Cecile B Demilles The Ten Commandments was copyright registered. November 9 1842: George Bruce received the first design patent for printing typefaces. November 10 1981: The board game Trivial Pursuit was registered. November 11 1901:  NABISCO, the snack food manufacturer, was trademark registered. November 12 1940: Batman, the original comic strip, was trademark registered. November 13 1979:  Robert Jarvik was granted a patent for an artificial heart. November 14 1973: Patsy Sherman and Samuel Smith obtained a patent for a method for treating carpets known as Scotchguard. November 15 1904: Patent Number 775,134 was granted to King C. Gillette for a safety razor. November 16 1977: Stephen Spielbergs Close Encounters of the Third Kind was copyright registered. November 17 1891:  Emile Berliner was issued a patent for a combined telegraph and telephone. November 18 1952:  ELMERS glue was trademark registered. November 19 1901:  Granville Woods was issued a patent for a third rail to operate electrified railways. November 20 1923: Patent Number 1,475,024 was granted to Garrett Morgan for a traffic signal. November 21 1854: Issac Von Bunschoten patented a rosin-oil lamp. November 22 1904: Design patent for the Congressional Medal of Honor was granted to George Gillespie. November 23 1898:  Andrew Beard was granted a patent for a railway car coupler. November 24 1874: Patent Number 157,124 was granted to Joseph Glidden for barbed wire fencing. November 25 1975: Robert S. Ledley was granted patent Number 3,922,522 for diagnostic X-ray systems known as the CAT-Scan. November 26 1895: Russell Penniman received a patent for a transparent photographic film. November 27 1894: Mildred Lord was granted a patent for a washing machine. November 28 1905: ARM HAMMER baking soda was trademark registered. November 29 1881: Francis Blake was granted a patent for the speaking phone. November 30 1858: John Mason patented the screw neck bottle called the Mason Jar. November Birthdays From Marie Curie, who discovered radium, to the Fourth Earl of Sandwich, who invented the sandwich, November has given birth to a number of influential scientists and inventors throughout history. Listed by date and year they were born, the following famous figures changed the world with the accomplishments they made in their lifetimes. November 1 1950: Robert B. Laughlin  was an American physicist who won the 1998 Nobel Prize in physics for producing  body wave function in the  fractional quantum Hall effect.1880: Alfred L Wegener was a German meteorologist that revealed the continental shift.1878: Carlos Saavedra Lamas was an Argentinian who was the first to be awarded the Latin American Nobel Peace Prize in 1936. November 2 1929: Amar Bose was an electrical engineer with a Ph.D. from MIT and the founder and chairman of Bose Corporation, which patented advanced speakers that mimic being inside a concert hall.1942: Shere Hite is an author and sex therapist, who wrote the Hite Report. November 3 1718: John Montague was the Fourth Earl of Sandwich and the inventor of the  sandwich. November 4 1912: Pauline Trigere was the fashion designer that created bell-bottom pants.1923: Alfred Heineken was a beer brewer that founded Heineken  beer. November 5 1534: Carlos Saavedra Lamas was a German botanist and physician who wrote the first horticulture catalog.1855: Leon P Teisserenc de Bort was a French meteorologist who discovered the existence of Earths stratosphere.1893: Raymond Loewy was an American industrial designer that designed everything from Coca-Cola vending machines to  Pennsylvania Railroads S1 steam locomotive.1930: Frank Adams was a British mathematician, who greatly advanced concepts of  homotopy theory.1946:  Patricia K Kuhl is a speech and hearing scientist and a major contributor to the neuroscience, language acquisition, and speech recognition communities. November 6 1771: Alois Senefelder invented  lithography.1814: Adolphe Sax was the Belgium musician who invented the saxophone.1861:  James Naismith  invented the rules of basketball. November 7 1855: Edwin H. Hall was an American physicist who discovered the Hall effect.1867: Marie Curie  was the French scientist who discovered radium and won the Nobel Prize in 1903 and 1911.1878: Lise Meitner was the Austrian-Swedish physicist who discovered protactinium.1888: Chandrasekhara Raman was the Indian physicist who won the Nobel Prize for Physics for his advancements in the study of light scattering in 1930.1910: Edmund Leach was a British social anthropologist who greatly influenced the field of British structural-functionalism.1950: Alexa Canady was the first black woman to become a neurosurgeon. November 8 1656: English astronomer Edmund Halley discovered the Halley comet.1922: Christiaan Barnard was a South African surgeon who performed the first heart transplant.1923:  Jack Kilby  was an American scientist who  invented the integrated circuit (the microchip).1930: Edmund Happold was the structural engineer who founded engineering constituency. November 9 1850: Lewis Lewin was a German toxicologist who is considered the father of psychopharmacologist.1897: Ronald G. W. Norrish was a British chemist who won the Nobel Prize in 1967 for the development of flash photolysis.1906: Arthur Rudolph was a German rocket engineer who helped develop the American space program. November 10 1819: Cyrus West Field financed the first transatlantic cable.1895: John Knudsen Northrop was an aircraft designer who founded Northrop Air.1918: Ernst Fischer is the German chemist who won the Nobel Prize in 1973 for pioneering the field of organometallic chemistry. November 11 1493: Paracelsus was the  Swiss scientist who is known as the father of toxicology. November 12 1841: John W. Rayleigh was the English physicist won the Nobel prize in 1904 for discovering argon. November 13 1893: Edward A. Doisy Sr. was an American biochemist who invented a way to manufacture Vitamin K1 and won the Nobel prize in 1943.1902: Gustav von Koenigswald was a paleontologist who found Pithecanthropus erectus. November 14 1765:  Robert Fulton  built the first steamboat.1776: Henri Dutrochet discovered and named the process of osmosis.1797: Charles Lyell was  a Scottish geologist who wrote The Principles of Geology.1863:  Leo Baekeland  was a Belgian-American chemist who invented the  bakelite. November 15 1793: Michel Chasles was a  French mathematician who  specialized in geometry. November 16 1857: Henry Potonie was a German geologist who studied coal formation. November 17 1906: Soichiro Honda was the founder and first CEO of the Honda Motor Company.1902: Eugene Paul Wigner was a  Mathematician and physicist and the co-inventor of the A-Bomb who won the Nobel Prize in 1963. November 18 1839: August A. Kundt was a  German physicist who researched sound vibration and invented the test of Kundt.1897: British physicist, Patrick M. S. Blackett invented a nuclear reaction won the Nobel Prize in 1948.1906: American physiologist/biologist, George Wald won the Nobel prize in 1967. November 19 1912: George E Palade is cell biologist who discovered ribosomes and won the Nobel Prize in 1974.1936: Yuan T. Lee is a Taiwanese chemist who was the first from the country to win a Nobel Prize for his work on the dynamics of chemical elementary processes. November 20 1602: Otto von Guericke invented the air pump.1886: Karl von Frisch was a zoologist and bee expert who won the Nobel Prize in 1973.1914: Emilio Pucci is an Italian fashion designer known for his prints.1916: Robert A. Bruce was a pioneer in exercise cardiology. November 21 1785: William Beaumont was a surgeon who was first to research digestion.1867: Vladimir N. Ipatiev was a  Russian petroleum chemist who made huge advancements in the field. November 22 1511: Erasmus Reinhold was the German mathematician who calculated planetary table.1891: Erik Lindahl was a  Swedish economist who wrote The Theory of Money and Capital.1919: Wilfred Norman Aldridge was a biochemist and toxicologist. November 23 1924: Colin Turnbull was an anthropologist and one of the first ethnomusicologist who wrote The Forest People and The Mountain People.1934: Rita Rossi Colwell is an  environmental microbiologist  whos known around the world for her research. November 24 1953: Tod Machover is an  American composer who invented the use of new technology in music. November 25 1893: Joseph Wood Krutch was an American environmentalist and writer whose nature books on the American Southwest and critiques of reductionistic science made him famous.1814: Julius Robert Mayer was a  German scientist who was one of the founders of thermodynamics.1835: Andrew Carnegie was an industrialist and a noted philanthropist. November 26 1607: John Harvard was a clergyman and scholar who founded Harvard University.1876:  Willis Haviland Carrier  invented air-conditioning equipment.1894: Norbert Wiener was the American mathematicians who invented cybernetics.1913: Joshua William Steward invented polymath. November 27 1701: Anders Celsius was a Swedish scientist who invented the centigrade temperature scale.1894: Forrest Shaklee founded Shaklee Products.1913: Frances Swem Anderson was a technologist who researched nuclear medicine.1955: Scientist actor, Bill Nye is a scientist and actor who hosts a show on Netflix about science based on his original Bill Nye the Science Guy show from the 80s and 90s. November 28 1810: William Froude was an English engineer and a naval architect.1837:  John Wesley Hyatt  invented celluloid.1854: Gottlieb J. Haberlandt was a German botanist who discovered plant tissue cultures. November 29 1803: Christian Doppler was an Austrian physicist who invented Doppler effect radar.1849:  John Ambrose Fleming  invented the first practical electron tube called the Fleming Valve and the vacuum tube diode.1911: Klaus Fuchs was a British atomic physicist who was arrested for being a spy.1915: Earl W. Sutherland was the American pharmacologist who won the Nobel Prize in 1971 for discoveries concerning the mechanisms of the actions of hormones. November 30 1827: Ernest H. Baillon was a French botanist who wrote The History of Plants.1889: Edgar D. Adrian was an  English physiologist who won the Nobel Prize in 1932 for his work on neurons.1915: Henry Taube was a chemist who won the Nobel prize in 1983 for his work  in the mechanisms of electron-transfer reactions, especially in metal complexes.

Aurora of a Dream essays

Aurora of a Dream essays Arthur Millers Death of a Salesman, has an aurora of a dream. It is an enduring play that alludes to the unconscious motivations of life. It is a genuine tragedy. This is a story of rags to riches in reverse. It is a story of failure, uphill struggles, and a dream from reality. The American Dream, which is a myth of success, models the events of the plot, the character and the situations. Death of a Salesman illustrates what most people are up against. The reader sees the situations of civilization that he lives in himself, not the situations that Willy Loman, the salesman, encounters. Willy has conversations that are inside his head, which Miller once considered to be the title of the play. The past and present weave into one. The play is set during the 1950s. During this time, Senator Joe McCarthy was responsible for a movement known as McCarthyism. Readers during this era sometimes view Millers play as an attack on capitalism. Willy unknowingly symbolizes a revolt against society. He instills this on his sons with the value he places on manual work, sports, fitness and capability to handle tools and build things. Willy was an outdoorsman and did not realize it. In Act Two,Willy talks about their house and the work he had done: All the cement, lumber, the reconstruction I put in this house! There aint a crack to be found in it any more. This explains Biffs success as a ranch hand. In the Requiem, Linda remarks, He was so wonderful with his hands. It was bred into their family to do this type of work, not to be a white-collar worker. Biff replys to his mother in the Requiem, He never knew who he was. Willy declares in Act One, A man who cant handle tools is not a man. Willy could not believe that Charlies son; Bernard who became a lawyer, would ever be successful because he lacked all t...

The Life and Adventures of Joaquin Murrieta Essay

The Life and Adventures of Joaquin Murrieta - Essay Example This is the case with Joaquin Murieta who despite being a bandit is also depicted as being an honorable man as seen in the manner in which he shows acts of kindness especially for those people who are marginalized or poor in society. An incident where Murieta is shown being kind is where he demands that a ferryman ferries his gang across a river and give him all his money (Ridge 64 - 65). When Murrieta realizes that the ferryman only has a hundred dollars, he tells him to keep his money and pays him the full costs of ferrying the gang across the river. In this way, Murieta is shown to be a man sensitive to the plight of the poor, and it is likely that it is as a result of his having been raised in an environment of poverty which forced him to come north to California in order to make his fortune. The portrayal of Murieta, despite being a bandit, is one where he is depicted as being a very likeable individual as seen through the way that most individuals in the towns he ventures into do not consider him a threat. Instead, he is a man who is quite well liked with friend in almost all towns he visits who often warn him of anyone who is hunting him. It seems that it is as a result of the numerous friendships that he has developed all across California that Murieta is always a step ahead of those who hunt him. As a person who is considered to be a hero, he is constantly being protected by his friends in various towns who do not wish him to be captured. His likeable nature is part of the characteristics that make him a hero because despite living in banditry, he is an individual who seeks to always do the right thing at all times. Murieta is shown to be a man who has a very complicated personality in such a way that while he kills, he only does so in self-defense or in situations where he has suffered betrayal from people that he

Saving Starbucks' Soul Essay Example | Topics and Well Written Essays - 750 words

Saving Starbucks' Soul - Essay Example Starbucks was one of the Fortune Top 100 Companies to Work For in 2005(Marketing teacher, 2010). Its global reputation and brand name has immense effects on global custoemrs.The immense resources are the major strength of Starbucks. The ability to forecast the market climate is another major strength of Starbucks. Most of the decisions taken by Starbucks during the last decade brought dividends to the company. Not even a single decision went wrong for Starbucks during this period. They were able to analyse the market opportunities and challenges provided by globalization and moreover they were able to redefine their strategies to make them suitable to meet the challenges and opportunities. They have adopted custom made strategies for each market as they realised that even for the same product, different marketing strategies required at different places. (BusineeWeek, 2009, p.3).This program was aimed at teaching the staff about the regional preferences. Commitment towards the environment made Starbucks one of the highly reputed companies in the world. They are keen protecting the environment by recycling all the industrial waste produced by their activities.Good customer relationships, good suppliers, leadership in the market, talented employees are some other major strengths of Starbucks. Starbucks tried to do too many things at a time. They have changed the romantic La Marzocca machines and introduced automatic espresso machines, in order to solve the major problem in terms of speed of service and efficiency (BusineeWeek, 2009, p.1). They failed to recognize the emotions the customers have on the earlier machine. Moreover the current machines are too big in size and small persons find difficulties in using it. The new machine also prevents the customers from enjoying the preparation of the drink. Flavor locked packaging helped the company in providing the fresh roasted bagged coffee, but, the loss of aroma,

Worst engineering disasters Essay Example | Topics and Well Written Essays - 1000 words

Worst engineering disasters - Essay Example Requirements for Presentation 8. You are to submit a verbal and visual presentation to inform /teach the class 9. Professional presentation methods are expected. 10. Each presentation is expected to be 15 minutes long. Consider some of the following information for your presentation and reports.Who was the A/EWhat do other architects think of the structureHow does the architecture fit in with the surrounding architecture or environmentWhy were particular materials usedWhat were some of the methods of construction used that were covered in classWhat sort of construction/architectural innovations does it haveWhat are some of the constraints of the materials used / the design/ the site of the buildingHow has the structure been altered over the yearsHow have the materials/design stood up to the test of timeWhat would you have done differently if you were the Owner or A/E or Developer 1.0 Overview of Hyatt Regency Walkway Collapse The Hyatt Regency Hotel in Kansas, Missouri was a building composed of a 40-story tower, an atrium and a function block. Construction began in 1978 but was only completed only in July 1980. Architectural design called for three suspended walkways spanning the 37-m distance between the tower and the function block. Actual construction resulted to the 3th floor and 4th floor walkway hanging from the ceiling. The 2nd floor walkway was directly below the 4th floor walkway and was hanged from the latter so as to simplify construction. (Gibble, 1986) With just over a year in operation, the Hyatt Regency Hotel would be the venue for one of the most catastrophic structural collapse in U.S. history. On the 17th of July, 1981, almost 2000 people gathered in the atrium to watch a local radio...Actual construction resulted to the 3th floor and 4th floor walkway hanging from the ceiling. The 2nd floor walkway was directly below the 4th floor walkway and was hanged from the latter so as to simplify construction. (Gibble, 1986) With just over a year in operation, the Hyatt Regency Hotel would be the venue for one of the most catastrophic structural collapse in U.S. history. On the 17th of July, 1981, almost 2000 people gathered in the atrium to watch a local radio station's dance competition. The 4th, 3rd and 2nd walkways were gradually jam-packed with people as they watch the activity in the lobby below which was also full of people. At about 7:05 PM, a loud crack echoed throughout the building followed by the crashing of the 2nd and 4th floor walkways to the ground. Official figures of casualties were 114 dead and 200 injured. Figure 1 shows pictures of the site of the collapse and the third walkway still intact. (State of Missouri, 1985) The original structural engineering drawings for the Hyatt project stated that the three walkways spanning the atrium area of the hotel were to be built using W16x26 wide flange beams along either side of the walkway and were hung from a box beam made from two MC8x8.5 rectangular channels, welded toe-to-toe.

Focusing, Positioning and calculating the size of cells Essay Example for Free

Focusing, Positioning and calculating the size of cells Essay Exercise 1: Focusing, Positioning and calculating the size of cells Under the ‘Try This’ tab, complete the puzzles (P1- P6) presented to bring the items into focus. Use the check lists to make sure you have completed all steps Under the ‘Try This’ tab, complete the measurement puzzles (M1-M3) and write the answers here: M1 = __150___ micrometers at __10x__Objective Power (scale is 1 unit = __10_micrometers) M2 = __8.0____ micrometers at _100x_____Objective Power (scale is 1 unit = _1. 0__micrometers) M3 = ___2.0__ micrometers at __100x____Objective Power (scale is 1 unit = _1.0__micrometers) Exercise 2: Viewing a typed letter ‘e’ with your scope. Obtain the slide with an ‘e’ on it from the slide selections. Place the ‘e’ slide right side up on the stage with the letter ‘e’ over the hole in the stage. Using the techniques described in the ‘getting started tour’, focus on the letter on the lowest objective power. What do you notice about the orientation of the letter as you look through the microscope? In other words, how does the ‘e’ position compare to how it looks on the slide when looking at the microscope? Upside down At the lowest power, what is the total magnification of the image? 16x Adjust the position of the slide so that a portion of the letter is in the center of the viewing field. Now, rotate the next higher objective in place. If the image is not clear, use only the fine tuning knob to adjust. At 10x, what is the total magnification of the image now? 40x At 40x, what is the total magnification of the image now?160x At 100x, what is the total magnifi cation of the image now?400x Exercise 3: Human cheek cells. Your cheeks are lined with very thin cells that can easily be removed for viewing under a microscope. These cells are called epithelial cells and they line the outside and inside of your body. Cells are small, but large enough to be viewed with a light microscope. The following procedure shows how you would obtain these cells. However, since this is a virtual lab, the cheek cells have already been collected and stained. They are stained with methylene blue to view some sub-cellular parts. This is the actual procedure, but please proceed to placing the cheek smear slide on your ‘virtual’ microscope and bringing into focus. 1. Gently scrape the inside of your cheek with a toothpick. 2. Using a circular pattern, spread some saliva in the middle of a slide. 3. Place a small drop of stain on the saliva smear. The less stain you use, the better the results will be! 4. Place a cover slip on the stained smear. Knowing the objective scale in Exercise 2, estimate and record the diameter of a single cheek cell in micrometers. Diameter = ___4__________ micrometers What power of objective lens did you use? 100 What was the total magnification?400

Advising Boeing And Airbus On Foreign Exchange Risk Finance Essay

Advising Boeing And Airbus On Foreign Exchange Risk Finance Essay BOEING: Boeing is the worlds largest aerospace company. Being a leading manufacturer of commercial jetliners, it is a top US exporter. It provides tailored services that include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems. (Boeing, 2010). The company has it corporate offices in Chicago and also employs more than 159,000 people across the United States and in 70 countries, also has nearly 12000 commercial jetliners, in service worldwide, which is roughly 75 percent of the world fleet. (Boeing, 2010). AIRBUS: Airbus is a leading aircraft manufacturer owned by European Aeronautic Defense and Space Company (EADs), a global leader in aerospace defense and related services. Having its headquarters in Toulouse, France, it has fully owned subsidiaries in the United States, China, Japan and Middle East. It has it spare part centers in Hamburg, Frankfurt, Washington, Beijing and Singapore, training centers in Toulouse, Miami, Hamburg, and Beijing (Airbus, 2011). The company has 150 field service offices around the world and employs a total work force of 119,000 and has presence on every continent (Airbus, 2011). The major competitor of Airbus is Boeing Company. FOREIGN EXCHANGE RISK: Foreign exchange risk is defined as the risk that an investor will have to close out a long or short position, in a foreign currency at a loss due to an adverse movement in exchange rates. It is also known as currency risk or exchange-rate risk. (Investopedia, 2010). Simply put it is the effect that fluctuations in foreign currencies or exchange rates that affect the business entity. It is evident that large corporations like Boeing and Airbus that have operations in many countries are exposed to foreign exchange risks. It mainly arises due to difference in the currencies in which the company bears its operating or production costs and the currency in which the company receives payments from its clients. Boeing being a US company, it reports its financial transactions in US dollars. The input output is priced in US dollar which is a globally accepted currency. So even if it does trading in other countries, it receives payments in US dollars. Hence it is exposed to low forex risk. Airbus being a French company, it reports its transactions in Euros. Input or output is been priced in Euro in the domestic market, while in the world market is been priced in dollar which is globally acceptable currency and this exposes the company to high forex risk because Euro is not a global currency. We summarize it through following table: Company Currency of Costs Currency of Revenue Match/Mismatch Boeing US Dollar US Dollar Match between currencies. Airbus Euros US Dollar (assume 60%) Euros (assume 25%) Others (assume 15%) Mismatch of currencies. TYPES OF EXPOSURES: TRANSACTION EXPOSURE: Transaction exposure measures changes in the value of financial obligations incurred before a change in exchange rates but to be settled after the change.(Hagelin, 2003). It is the risk of changes in exchange rates between the time that a good is sold and the time that payment is received in foreign currency. For Airbus: As explained above the currency costs of Airbus are in Euros while cost of revenues is mostly in US dollars and some in Euros. This mismatch is clear from the annual report of the company according to which the operations of the group are mainly concentrated in different countries such as China, United States, India and Middle East; hence the payments are done in US dollars. This explains that Airbus has a high transaction exposure towards US dollar. Any fluctuations in the rate of US dollar against the Euro would affect the profit margin of the group. The long term contracts that must be honored at future rates are the other causes of transaction risk to the Euro. Though sometime the profits are being locked in by using long term contracts for e.g. for spare parts, there is an opportunity cost involves as the value of Euro or the price of commodities may increase. (Chester Chronicle, 2008) For Boeing: The cost of revenues as well as production, are denoted in US Dollars. Hence there is a perfect match. So even if the company has operations in many parts of the world such as Australia, Canada, China, India, Italy, Japan, Russia, and UK, the transaction exposure is less. Even if there is dissimilarity in the currency when Boeing sells its product to the different countries, the value is adjusted depending upon the countrys currency. The exposure arises due to variation in the currency rate, mainly of US dollar with other currencies. The danger here would be that the currency of the other country may strengthen or weaken to the corresponding US dollar. (Kascey, 2011). Consider the USD depreciates by 30%. The US currency would be under-valued, so this would lessen the profit margin of Boeing from payments received. But it would also reduce its cost of production. Thus this would hugely benefit for Boeing. On the other hand it would be very problematic for Airbus, as it would affect only the revenues and not the production costs. The decreased profits would cause a huge problem for Airbus. However, if USD value appreciates 30%, it would be of tremendous benefit to Airbus as the profits would be enhanced because of overvalued US dollars. Boeing would have to face the problems of increased cost of production but they would be backed off by the fact that payments would also be received in appreciated currency. TRANSLATION EXPOSURE: It is the risk that when the results of foreign subsidiaries are consolidated into the parents currency, translational gains or losses will result between reporting dates. The effects of translation risk are normally seen in the income statement and balance sheet. For Airbus: It deals mainly in aerospace, defense and commercial services. The Airbus commercial contributes 59% to the Companys revenue in 2009. (Airbus Annual report, 2009) The Company has a huge translation exposure, owing to the fact that it reports its earning in Euros. Transactions of its foreign subsidiaries, in foreign currencies other than the Euro are translated into Euro at the prevailing foreign exchange rate as at transaction date. It is mainly to the US Dollar as the trading in the industry and international markets is basically in US Dollar while the company reports its earnings in Euros. The translation risk of the company is evident in 2008 when the company had a decrease of 1% in revenue of à ¢Ã¢â‚¬Å¡Ã‚ ¬43.265 million due to an unfavorable impact of the US Dollars. Furthermore, in 2007, their chairman- Mr. Louis Gallois in his estimation said every Euro appreciation of 10 cents against the USD is a cost of à ¢Ã¢â‚¬Å¡Ã‚ ¬1B to the company based on the fact that Airbus costs are denominated in Euros while the major share of its revenues are in USD. Airbus also holds a substantial US Dollar denominated assets that are subjected to translation risk. (http://hedgecurrencyrisk.com/36/foreign-exchange-risk-can-be-huge-fortunately-it-can-be-managed/). For Boeing: It deals in commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, performance based logistics and training. Of this, commercial airplanes contribute 49.8% of the companys revenues (Boeing Annual report, 2009). Boeing does not have any translational exposure. This is only because the companys trading in international markets is mainly in US Dollars and the company reports financial data in US Dollars only. ECONOMIC EXPOSURE: It is the change in the net present value of future cash flows of the firm as a result of unanticipated changes in real exchange rates. It gives an idea of the potential volatility of the company. For Airbus: Economic exposure of the company is substantially important due to the geographical locations of companys operations. The operating costs are mainly in the Euros and in some other currencies in small portions. The earnings are in US dollars in majority. So if the Euro depreciates by 30% against the USD, its operating costs would relatively go down and it would gain cost advantage. Also its reported profits in Euros would increase due to exchange rate. And if the Euro appreciates by 30% against the USD, it will be facing a huge economic exposure as the operating costs would increase substantially and the reported earnings in Euros would also be less. For Boeing: With 82% of the employees of the company based in America and remaining 18% employees in other locations like India, New Zealand etc, majority of operating costs are in US dollars. So Boeing Company would pay employees mainly in USD while a little portion in other currencies also. The Boeing Company receives its revenue in USD only. Because of this match, any increase or decrease in USD would accordingly increase or decrease both the operating costs as well as profits. Hence the exposure is small and easily manageable, as they are already in USD denomination. COMPARISON CHART: From the above explanation, the exposures of the 2 companies can be summarized by the following table: Company Transaction Translation Economic Boeing Small Easy to manage Does not exist. Small but Manageable Airbus Big Very Difficult to manage High Difficult to manage. Huge. Very difficult to manage INTERNAL HEDGING: Internal hedging means using techniques available within the company or group to manage exchange rate risk. These techniques do not operate through the foreign exchange market and therefore they avoid associated costs. However, this does not mean they are costless. INTERNAL HEDGING TECHNIQUES: MATCHING RECEIVABLES AND PAYABLES: There is no problem if the receivables and payables are in the same currency. If the receivables and payables are in different currencies (mismatch) then there is a risk involved in it. (Joseph, 2000). Airbus operations in US would insulate its risks, as the cost of operations in USD is matched by payment in USD; gained from various services and selling various products in US itself. Fluctuations in other currencies will be negligible as the company will not have to pay operating costs in USD with Euro. In order to provide insulation towards risk in various other countries Airbus can obtain revenue in domestic currencies to pay operating costs in different currencies, payables and receivables for example. As a result of this economic risk can be minimized. (Joseph, 2000) However, this matching of receivables and payables will succeed only to a certain extent. As Airbus would have to borrow Euros with the currency received from other countries in order to bear the operating costs in its own parent company- France. In case of Boeing, this is not required as the company already has a perfect match between the currencies of its trade receivables and payables. CENTRALIZED AND DECENTRALIZED TREASURY FUNCTION (MULTILATERAL NETTING): Airbus with its centralized treasury function utilizes multilateral netting, which is one of the forms of internal hedging against foreign exchange exposure, in order to reduce risk. Multilateral netting is found commonly in Enterprise Wide Risk Management (EWRM) where the parent companys subsidiaries would report the forecasted payments and receipts in the foreign currencies and estimated current exposures to them. After taking internal hedging into account the central treasury calculates the net exposure of the company towards each currency. And it makes use of external hedging to hedge residual exposures. In order to have exchange controls as well as clear understanding of taxation in their respective countries; multilateral netting requires subsidiaries of the group to have a standardized budget reporting periods. The savings gained through the implementation of EWRM information system are also important and are enough for the cost to offset. (Aucoin, 1990). The main advantage of EWRM also includes reducing the capital costs by managing the volatility of earnings. This is made possible through internal rate risk and external hedge of dangerous exposures towards foreign exchange. ERM maximizes the portfolio effect and even helps organizations to exploit natural hedges as stated in capital asset pricing model. (Aucoin, 1990). Hence multilateral netting is applicable to Boeing. As multilateral netting is most commonly found in EWRM, by managing the volatility of earnings it reduces the capital costs. Thereby the risk of Boeing is also reduced. CURRENCY OF INVOICING: The choice of currency which international trade is invoiced is of high implication for Airbus and Boeing due to the nature of their products and services. In trying to avoid foreign exchange risks, both companies adopt currency of invoicing by choosing which currency to be used in international trade. The strategy would be helpful to both companies only when properly planned. Assume Boeing just got a contract with British airways to build five 747s and one is to be delivered each year for the next 5 years. We assume the rate to be 10 million per plane. If Boeing can negotiate and adjust the terms of the invoice, it can shift, share or diversify the currency risk involved in this transaction; which would be an added advantage to the company. To transfer the risk, Boeing can invoice the transaction in USD, then it has eliminated currency risk for itself, however, it has shifted it to British Airways. Assume $ =$1.80, then British Airways has an $18 million account payables and Boeing has an $18 million account receivables. To share the currency risk between both companies, British Airways can share the risk by invoicing 50% of the transaction in USD and the other 50% in British Pound (BP), i.e. $7.5m + £5m for each planes. The risk can even also be reduced by diversification through the payment of the transaction in various currencies based on the negotiation between the two companies. By so doing, Boeing has managed the currency risk. Airbus in similar situation can do the same but this time the currency involved will be Euro and British Pounds or several other currencies in case of diversification. (http://spruce.flint.umich.edu/~mjperry/466-13.htm). ASSET AND LIABILITY MANAGEMENT: Asset and liability management (ALM) is basically a technique of risk management designed so as to earn an adequate return while maintaining a comfortable surplus of assets beyond liabilities. Boeing and Airbus do use this risk management technique to address foreign exchange risk and even operational risk and it also includes hedging where they can hedge against movements in fuel prices. Boeing and Airbus can manage their asset and liability in such a way as to: Increase their overall earnings Ensure efficient use of their capital and assets Manage the associated risk in a cost effective way. (http://www.investorwords.com/285/asset_liability_management.html). LEADING AND LAGGING: Leading is an internal hedging technique that is the acceleration of payment of companys obligation (e.g., payment to suppliers) before the due date while lagging, also internal hedging techniques, is the delay of payment of a companys obligation past its due date. (http://www.angelfire.com/ca/finrisk/Leading.html) For example, when Airbus or Boeing expects the currency (Euro) or (USD) respectively to appreciate in value, they may accelerate (leading) this obliged payment and realize the payment before the currency appreciates. In the same manner, when the value of the currency is expected to decrease in value, they may delay (lagging) payments so as not to make a loss in the transaction. (Victor P and Yann S, 2003). CONCLUSION: In conclusion, we say that Foreign Exchange Risks depend upon the currency of costs and currency of revenues. Any difference within them is going to expose the company to Forex risks. The Forex risk that BOEING is exposed to is less mainly owing to the match between its input and output pricing currencies. While AIRBUS is exposed to huge risks as there is variation in the currencies of its costs and revenues. Also BOEING has Maintenance Contracts with companies and contracts with its Government to supply Military Planes due to which its risks have a backup from their Government in case of Financial Crisis. However AIRBUS doesnt have any such backing from its Government. This coupled with the high risks that it is exposed to; pose a grave threat for the company in case of financial crisis. The Internal Hedging mentioned above though useful for the companies are subjected to their effective and timely. And Airbus would be better naturally hedged against the risks by converting to repor t its financial transactions in US dollars than Euros.