Ways in which the internet has changed the way business operate in the Essay

Ways in which the internet has changed the way business operate in the global marketplace - Essay Example It is a business process in which jobs of one organization is getting done in another distant organization with the help of internet. In other words, an American organization can get their work done through an Indian organization without travelling to India. Internet provides all the platforms like email, audio and video conferencing etc for enhancing business communications between people staying in different parts of the world. It should be noted that India like countries have huge manpower strength and therefore labour charges in these countries are extremely low whereas in countries like America, manpower shortage is visible everywhere and therefore labour changes are more. Outsourcing helps American organizations to exploit the cheap labour markets and save billions of dollars every year. According to new figures released by the United States Department of Commerce e-Commerce Sales accounted for 2.4% of all sales in the fourth quarter of 2005, up from 2.3% the previous quarter, Total fourth quarter e-commerce revenues came to a seasonally adjusted $22.94 billion. For all year 2005, e-commerce sales rose by 24.6% according to information from the U.S. Census Stats (Internet World Stats News) E-commerce is another business segment developed as a result of the introduction of internet. Many people started to rely on internet for their purchasing needs. It is easy to purchase majority of the products available in the world through internet. One of the major advantages of internet purchase is the opportunity to purchase anything from anywhere in the world at any time, using credit cards. Internet opened many opportunities to sell domestic products in international market. Earlier, it was difficult for small companies to sell their products in international markets because of the difficulties in accomplishing exporting and importing formalities. However, it is easy for such companies to sell their products through internet without much hassles. â€Å"In

Discussion On Non-cargo Claims Case Study Example | Topics and Well Written Essays - 1500 words

Discussion On Non-cargo Claims - Case Study Example Loading and unloading of cargoes in piers must be fast and efficient. Parties who cause the slow pace of the turn-over of those goods do not contribute to the smooth movement of harbor activities and must be penalized. Imposing the sanctions will be an incentive for shippers, consigners, and other parties to make use of port facilities and equipment with the needed efficiency especially within the context of global modernization. Cargo owners are therefore charged with the duty to see the expeditious and orderly loading and unloading of their merchandise and are liable to pay demurrage for any delay in that connection. The payment of such demurrage may not be imposed only in cases of fortuitous or unforeseen events and force majeure or in instances where the guilty party is the carrier which includes its ship captain or master. (Becerra, Robert J. THE DEMURRAGE DILEMMA. December 24, 2007. ShippingDigest. [internet]). In the case at bar, the guilty party is the master of Flying Dustma n and his accountability to compensate for the damage is solidary with the owner of the ship. Horatio has thus nothing to do with the demurrage. It must be importantly noted that the contract between O and Horatio is one of voyage charter where the legal obligations are the burden of the carrier or the shipowner. These accountabilities cover the men and crew of the vessel including the master or the captain. (Compare and contrast the duties, responsibilities, and liabilities of the charterer towards the shipowner under both time and voyage charter parties. LAW ESSAYS UK. the law essay website. [internet]) The execution of the LOF with SCOPIC appurtenant to the Flying Dustman relating to both salvage contractors Pugwash and Saviour does not have any bearing on the possible controversy because the vessel to be salvaged, Flying Dustman, or O, its owner, evidently failed to provide the initial security required by No. 4 of the SCOPIC CLAUSE of SCOPIC 2007 within two working or office da ys from the time that the said SCOPIC CLAUSE was invoked. (SCOPIC CLAUSE. SCOPIC 2007. [internet]) Under this set of facts, Pugwash and Saviour, may opt or choose not to apply the provisions of the said SCOPIC CLAUSE in its totality and may instead go back to the provisions of any subsisting contract in conjunction with Article 14 of the International Convention on Salvage, 1989 (also herein referred to as Convention for brevity) which defines, delineates and enumerates the terms of a special compensation available to salvors or salvage contractors. (Article 14. Special compensation. Chapter III RIGHTS OF SALVORS. International Convention on Salvage, 1989. Admiralty and Maritime Law Guide. International Conventions. [internet]) The rights of the salvors are clearly outlined in the above-cited Convention. At this juncture, it has to be mentioned that the parties are all citizens or subjects of states parties which are likewise members of the International Maritime Organization. The l atter enacted the Convention. The states parties involved are the United States from where the cargoes came and the United Kingdom because of its territory Monserrat where the goods are to be delivered.

Coursework #3 Case Study Example | Topics and Well Written Essays - 250 words

Coursework #3 - Case Study Example With that stated, the expected return on this portfolio is halfway between the expected returns on the two individual securities; however, the standard deviation is less than halfway between the standard deviations on the two securities. Therefore, unless the investor was very risk averse, meaning he would look at this case, where he might choose to invest only in security A. However, if he were not risk averse he would invest in the portfolio rather than invest in the two securities separately (Gitman, 2009). Standard deviation is defined as the common statistical indicator of an assets risk; it measures the dispersion around the expected value. This is another way that a firms risk and expected return directly affect its share price. Risk and return are the two key determinants of a firms value. It is generally a financial managers responsibility to assess carefully the risk and return of all major decisions. Managers use this to ensure that the expected returns justify the level of risk that someone will introduce (Gitman, 2009. The definition of (CAPM) or capital asset pricing model is the basic theory that links risk and return for all assets. We describe this relationship between the required return, r. The no diversifiable risk of the firm as it is measured by the beta coefficient b. This is important in finance because the model CAPM links non-diversifiable risk and return with all assets. Generally, there are five sections. The first deals with the beta coefficient, which is a measure of the non-diversifiable risk. The second section presents an equation of the model itself. The third section graphically describes the relationship between risk and return. The fourth section discusses the effects of changes in inflationary expectations and risk aversion on the relationship between risk and return and the fifth section offers some comments of the CAPM. The CAPM model in general relies on historical data. The betas

In the Introduction to Democracy in America, Tocqueville claims that a Essay

In the Introduction to Democracy in America, Tocqueville claims that a great democratic revolution is taking place and tha - Essay Example He believed the creation of America, a land of equality and liberty, where all workers are valued with high esteem is a prominent step in world history. Hence he defined it as the â€Å"most continuous, the oldest, and the most permanent fact known in history†. Why Marx Won’t Agree? Karl Marx saw American Democracy as a mere power shift from monarchies to capitalistic companies he referred as â€Å"bourgeoisie†. Karl Marx differed with Tocqueville because of several reasons. The communists were very clear no social equality would prevail in a country whose economy is driven by capitalism. So, who was actually right? In a sense both of them were right. Both these scholars interpreted the happenings of their time with the wisdom they gained from the circumstances they were born, bought up and lived. Tocqueville was a born in a family regarded with high esteem in France. His family was equivalent to that of nobles. He studied politics and pursued a career in the sam e. Born on 1805, the most prominent occurrences of his time revolved around the American Independence and the French Revolution. Tocqueville was bought up as an aristocrat, but his compassion and humanity made him think revolutionarily. He wanted to do something to improve the pathetic life of the peasants. His mindset did not allow him to see them as the equals of the nobles. He viewed the American democracy which provided great labour freedom, high wages and the ability for everyone to become rich as the best way to improve the lives of the struggling men. His view of helping the workers was quite capitalistic. It was seen from the prospective of a noble or a company head. It was similar to a parental love expressed to children. The parents do what they think is best for the children. It is up to the child to make use of the facilities and prosper in life. A Practical and Foresighted View Karl Marx was born on 1818 in Germany. He belonged to a modest middle-cast family. He got mor e chance to mix with the less deprived people in the society directly. He was one amongst them, who rose to great fame, not because of high class education or family background, but just through his self-acquired intellectuality. His view about American capitalism and democracy is similar to that of a friends approach to a fellow’s problem. Friends understand better than parents as they are in a similar situation to the child. A child can grow without parents, but not without friends. Hence, Marx theories gain more importance than Tocqueville principles. Marx’s view of democracy means keeping everything common for everybody, converting every labour into an owner and every owner into a worker. Abraham Lincoln expressed the same view in a different way in his Gettysburg Address. He said â€Å"As I would not be a slave, so I would not be a master.† He strongly believed anything different from this would only damage democracy. Two Different Poles Tocqueville thought wealth distribution was unnecessary. He simply felt the steps taken by the American government to bridge the gap between the poor and the rich are enough. He strongly felt, division of property will only increase poor’s hatred towards the rich (De Tocqueville, 192). He had no second thoughts about presenting enough opportunities for everyone though. This is where Marx and Tocqueville differ like opposite poles of a magnet. Marx argues there should be no such opportunity present to anyone, as it will pave for another dominant class. The communists

Coursework #3 Case Study Example | Topics and Well Written Essays - 250 words

Coursework #3 - Case Study Example With that stated, the expected return on this portfolio is halfway between the expected returns on the two individual securities; however, the standard deviation is less than halfway between the standard deviations on the two securities. Therefore, unless the investor was very risk averse, meaning he would look at this case, where he might choose to invest only in security A. However, if he were not risk averse he would invest in the portfolio rather than invest in the two securities separately (Gitman, 2009). Standard deviation is defined as the common statistical indicator of an assets risk; it measures the dispersion around the expected value. This is another way that a firms risk and expected return directly affect its share price. Risk and return are the two key determinants of a firms value. It is generally a financial managers responsibility to assess carefully the risk and return of all major decisions. Managers use this to ensure that the expected returns justify the level of risk that someone will introduce (Gitman, 2009. The definition of (CAPM) or capital asset pricing model is the basic theory that links risk and return for all assets. We describe this relationship between the required return, r. The no diversifiable risk of the firm as it is measured by the beta coefficient b. This is important in finance because the model CAPM links non-diversifiable risk and return with all assets. Generally, there are five sections. The first deals with the beta coefficient, which is a measure of the non-diversifiable risk. The second section presents an equation of the model itself. The third section graphically describes the relationship between risk and return. The fourth section discusses the effects of changes in inflationary expectations and risk aversion on the relationship between risk and return and the fifth section offers some comments of the CAPM. The CAPM model in general relies on historical data. The betas

Autobiography Essay Essay Example for Free

Autobiography Essay Essay Many people in today’s society think just because I am a young lady I have an easy fun filled life. Well, that is not true. Life has many ups and downs but it is up to us whether we want it to be a successful one or not. Life is filled with obstacles for us to overcome no matter how tragic. Back in 2009, the most unexpected tragedy I thought that would never happen occurred. My grandfather died in September and my grandmother died in December. It was a hard and difficult time for me because they both died within a matter of four months apart from each other. Another incident occurred that was almost fatal. My brother was involved in a car accident in Kemp Road last year May. The accident was so horrific, the right side of his body was paralyzed. He had to do therapy at Doctors Hospital so he could drive and walk properly again. Sometime in everyone’s life, they are either nervous or scared to take an examination. I had my experience of nervousness when I had to take my national examination. In the Bahamas, the national examination is a test students would have to take for the Bahamas General Certificate of Secondary Education (B.G.C.S.E.) or the Bahamas Junior Certificate (B.J.C.). The exam I had to take was Music which consists of theory and a practical exam. Theory means to listen to a musical piece and answer questions about it and practical means to play a musical piece. When it was my turn to perform my musical piece, I panicked but I tried my best to keep calm. Yes, millions of butterflies were in my stomach just like any other person would have before a big exam like that one. As I played my piece, the millions of butterflies I was experiencing were decreasing by each note I played. By the time as I finished playing my piece, I was confident I passed and I did with a B. One of my greatest successes I achieved in my life is graduating from Aquinas College Catholic High School and receiving my diploma. I was very  satisfied with my accomplishment and achievement and made my parents proud. My other success in life is obtaining my driver’s license. For a teenager, having your license is a big deal because it is one step closer to freedom. Most persons could not say they have their first godchild until the age of 30, but I had the privilege of having my first godchild at the age of 16. Her name is Danielle Rigby and she is my pride and joy. Some other successes in my life are cooking and playing the flute from the age of 10, playing my clarinet from the age of 15 and being accepted into the great Bethune Cookman University. Some of the Bahamian dishes I can make are curry chicken and white rice, friend plankton, potato salad, BBQ ribs, minced lobster and many more. I have been playing the flute for nine years and counting, and I treat it just like a young baby. My future goals and aspirations are to graduate from college with honors, obtain a career where I can prove I am worth being there by working to the best of my ability and having a family of my own someday. All of these things I went through to become the young lady I am today. This is my life, my story.

Literature Review And Analysis Paper Social Work Essay

Literature Review And Analysis Paper Social Work Essay Ageing is the universal phenomenon encountered by every human individual across the life span. All human beings expect for a healthy and happy old age but not many of them manage to get all those in reality. In this current century, world scenario is changing rapidly in the form of rise in elderly population than before. Many developing countries including Pakistan are affected by this global change. A report on global health and ageing shared recent statistics that in 2010, an estimated 524 million were aged 65 years or older making 8% of world population. It is interesting to note that by 2050 this number is expected to triple to about 1.5 billion signifying 16% of worlds population (WHO Report, 2011). Ironically, in developing countries, geriatric population between 2010 and 2050 is expected to increase more than 250 percent as compared to developed countries. Ali and Kaini (2003) add that this trend in ageing is the result of the demographic shift in fertility rates in combinatio n with mortality rates resulting in ageing of the population (p. 1). Having a glance at our national scenario, it is estimated that the proportion of population 60 years and above in Pakistan will increase from 5.8 percent in the year 2000 to 7.3 percent in 2025 and 12.4 percent in 2050 (United Nations, 2002). Reason for the selection of this topic I came up with my thesis topic as every year particularly on festivals such as Eid, different media channels broadcast programs where views of elderly who are residing in the shelter homes are taken. The eye catching moment was the pain and cry these ageing parents expressed, when their children neglected and dumped them in shelter homes, when they most need support in their last years of life. This event influenced me to work for my thesis in the field of geriatrics. Therefore, based on the significant global and national figures, increase in ageing will predispose the elders to suffer in chronic illnesses, disabilities and new disease patterns. Another, considerable growing fact is that, due to the shift of societal paradigm, elderly population will be the most vulnerable group requiring health attention currently and in the years ahead. Therefore, it is recommended that older adults should remain socially active in their later years (Bergstrom, Holmes Pecchioni, 2000). The findin gs from the proposed research contribution in this area particularly in Pakistani context will assist in filling the gap where elderly population can regenerate themselves without being isolated from social life, and can live with quality, dignity and free of violence in their empty nest days. Significance of the problem Many decades ago the concept of violence against women and children was objected throughout the world but researches in these areas have resulted in the protection and formation of laws for these groups. Likewise, elderly abuse is yet another novel and critical public health and social issue that need prompt attention. Infact, it is one of the most serious subject which is under reported nationally and internationally resulting in thousands of silent victims. Numerous studies are being conducted in the developed countries on the various aspects of the ageing population in order to ensure optimum quality in the later phase of life time. However, many of the South Asian countries including Pakistan are facing serious challenges of decreased economy, low savings, high inflation rates; financial benefits for few percentages of government employees, lack of health insurance coverage are making the life of this vulnerable group questionable. Apart from these encounters, elderly population are confronting with the decline of extended family system and the emergence of nuclear families (Jalal Younis, 2012). In Asian cultures, many of socio cultural practices are grounded on concept of extended family system. Old members of the family are taken care by the young generation and it is regarded as dishonorable if any elder lives alone or in nursing home. In addition to it, this transition has led to the decline in elder decision making power and position and to enjoy later years with dignity and self-worth. Due to this conversion the elderly are at risk, as the younger and more productive members of the family take over, marginalizing the elderly into positions of dependence both social and economic(Subzwari Azhar, 2010, p. 2). Another important change that has taken place in the last couple of years is that younger individuals are migrating for better employment opportunities leaving behind parents with no one to care for them, causing elderly to live alone or they are shifted to shelter homes. Sabzwari and Azhar (2010) supports that one in five patients at the tertiary care hospital in Karachi are elderly. It is estimated that at least 6-7 % of the elderly visiting geriatric clinics at the Aga Khan University Hospital Karachi are living alone with little assistance. Increase in life expectancy has led to substantial increase in aging population globally and it is predicted that the worlds elderly population will continue to increase with an estimated rate at 67 % residing in developing countries by the year 2020 (Karunakara Stevenson, 2012, Ageing population section, para. 1). In Pakistani context, 60 years is designated as the age of elderly. Jalal and Younis (2012) shares WHO report that: 5.6 % of Pakistans population was over 60 years of age, with a probability of doubling to 11 % by the year 2025. Pakistans life expectancy was increased from 45.6 years in 1950 to 66.8 years in 2008 with a probability of increasing to 72 years by 2023 (p. 2). Hence, the decline of popular extended family system and rise of career oriented families, and change in familial values compounded by substantial increase in ageing, subjects older population to maltreatment and this area requires immediate consideration. Jamuna (2003) rationalizes that a series of developments, such as urbanization, industrialization, and migration, and a growing sense of materialism and individualistic orientations have threatened the culture of yesteryear (p.129). One significant cause for underreporting of abuse in Asian cultures is compliance to the value of respect for their elders whereas western cultures sideline them. Research question Older people are left with countless problems in their later phase of life where these years are believed to live in respect, solemnity and self-worth with their married children and grandchildren. On the contrary, this age group has to spend their lives in isolation at home or in shelter homes due to neglect and cruel treatment by them. Although, these old homes are answer to most in need yet they still not provide a solution to majority of the population. Our culture despite its gradual transformation still adheres to the value of caring for their elderly at home (Subzwari Azhar, 2010). Elder abuse is the alarming public health issue present in both developed and developing countries. Very little information is available regarding the extent of maltreatment in elderly especially in developing countries, it is estimated that 4-6% of elderly people have experienced some form of maltreatment at home. (WHO fact sheet, 2011). However, older people are often afraid to report cases of ma ltreatment to family, friends, or to the authorities. There is no reliable data or research conducted in Pakistani context, where sufferings of these elderly populations living in nursing homes could be researched and addressed. Dildar, Saeed and Sharjeela (2012) mentions that elder abuse and neglect are difficult to quantify as these occur in the privacy of the home, institutions and under reported in our country (p. 662). Based on the above facts and literature I came up with the research question that, what are the experience and the perception of elderly people living in nursing home in Karachi, Pakistan? Literature search strategy Literature search was conducted in a systematic way by utilizing available electronic databases, in order to review and explore existing literature related to abuse of elderly population in nursing home. In order to detect relevant literature, two major databases, CINAHL plus with full text and PUBMED was used. Another search engine like Google scholar was also searched to find the relevant literature sources. These databases were searched for the time period between the year 2000 and 2012. Different key words or combination of key words along with the use of Boolean operators were used for all search engines, like elder abuse and nursing homes, elder maltreatment and nursing homes. A synonym for elder abuse like geriatric abuse and for nursing home like shelter home was typed on the search bar. Relevant articles were hunted when the key words were written in research title, abstract of review articles of all data bases. A separate search was carried out for identifying the available literature in Pakistan for this purpose the term Pakistan was added along with other key words to search relevant Pakistani sources. Reference lists of retrieved articles from these databases were also checked for relevant literature. Search from all data bases were narrowed down by the use search filters like year range, gender, age and language. For detail literature search and number of hits (See appendix A). Literature review analysis on elderly abuse in nursing homes Definition The subject of elder abuse began to receive recognition since 1970, and the first boom on elder abuse appeared in UK medical journals in 1975 as granny battering. It was identified by British Gerontologist and the first population based study was done in USA in 1988. International Network for the Prevention of Elder Abuse (INPEA) defines elder abuse is a single or repeated act or lack of appropriate action, occurring within any relationship where there is an expectation of trust which causes harm or distress to an older person (INPEA, 2002, p. 3). Age bracket for elderly is 60 years and above. Some predictions indicate that one million people turn 60 every month and 80 % of these are from the developing world (WHO/INPEA, 2002). All the susceptible victims of abuse who are 65 years or more largely depend on the funded institutions but if there is financial constraint then these vulnerable groups have to be confine to home (Paranitharan, Eidrisinghe William, 2009). There is considerable debate on the definition of elder abuse because some cultures foster certain behaviors that may be considered as abuse in different cultural context. In Australia, elder refers to older local people who have specific positions of power within native communities. It was recommended that elder abuse be replaced with senior abuse in an Australian context as it referred to original and senior population (Ryan, 2009). It can be argued that abuse occurs within a relationship where there is an expectation of trust, no matter different cultures gives different definitions on elder abuse. However McFerran (2009) asserts that research on domestic violence in elderly women, is based on unequal power relations and traditional devaluation of women, not on relationships based on trust (as cited in Ryan, 2009, Definition of elder abuse, para. 3). Therefore, irrespective of the type of abuse, it will definitely result in pointless miseries, pains and sorrows, and decrease quali ty of life of elderly. Types of elder abuse Elder abuse is categorized into five different types: physical abuse, psychological /emotional abuse, financial/material abuse, sexual abuse and neglect (WHO/INPEA, 2002). Most recent data from USA states that, there are about 570,000 cases of elder abuse reported each year, 55% of the cases suffer from neglect which is the most common form of elder maltreatment (Facts on elder abuse, 2012). Economic abuse is one of the most frequently reported forms of abuse, followed by neglect, psychological or emotional and finally physical abuse. Sexual abuse of elders is not reported as frequently as any other type of abuse (Ryan, 2009). Another dimension of elder maltreatment is that it is not restricted to home environment, risk is even leaving them in nursing homes, hospitals and long term care facilities. An empirical study in New Zealand reveals that psychological abuse (59%) is followed by material/financial (42%) and physical abuse (12%) were most frequently identified types of abuse. Sexual abuse occurred in 2% of reported cases (Gadit, 2009). Implications of the proposed research in nursing It is a challenging task for all health care providers to efficiently assess the elderly group so that abuse can be identified and reported for the immediate interventions. Proposed research on this subject will make people aware, that elder abuse will prevent older members from being favorable and positive members of the society. Furthermore, evidence based knowledge on this matter will assist in safeguarding and promoting welfare of the elderly clients. According to Lachs and Pillemer (1995) guidelines from the American Medical Association suggest that all older adults be asked by their physicians about family violence, even in the absence of symptoms potentially attributable to abuse or neglect (p. 438). A careful history taking and interviewing technique is crucial in identifying accurate information on the possible abuse. If the violence on elder is confirmed then priority is to ensure safety of the elderly person by separating from the perpetrator. In the western countries, bas ed on their cultural background, majority of the old age population resides in shelter homes. In Karachi, nursing homes are managed by private NGOs or religious organizations. The Catholic Church runs three old homes in Karachi, and people residing in these old homes pay a minimal fees, and rest are generated through the church (Subzwari Azhar, 2010). Some nursing homes are governed by religious communities functioning with the help of volunteer and donation support. Gadit (2009) identifies that Edhi Foundation is one glaring example of a service where abandoned elderly people are housed. These elderly people are avoided by their children under different grounds like poverty, illness among elderly and general intolerance (p. 3). Recommendation for the prevention of elder abuse A national policy for the promotion of better health of the elderly was designed in 1999, but implementation is yet to be seen. This policy involved the training of health care professionals. An equally important recommendation is the initiation of awareness programs among health care professionals on the subject and the formulation of assessment tools to detect abuse. Another suggestion is the workshops for nursing and medical graduates should be conducted to detect and manage elder abuse more effectively resulting in prompt treatment measures. Potential research on various aspects of care of elderly can urge in the development of policy at governmental level for the protection of geriatric population1. At national level, electronic and print media can play a key role in raising awareness on this subject. It can act as a medium for the provision of specially funded and recreational shelter homes, free health care facilities, and formation of legislative policies (Marshal, Benton Barzier, 2000). Research Methodology The research approach which would best fix on the research question would be qualitative in nature. I would like to go for Phenomenological method as it deals with the truth about reality built in peoples lived experience (Polit Beck, 2008, p. 227). This approach can be applicable on those concepts which are central to the life occurrences of the human being. The core goal is to completely understand persons lived experience and perceptions that it will generate. Inclusion Criteria and Exclusion criteria The inclusion criteria of this proposed research will be all elderly people with an age of 60 years and above in both the genders. Another standard would be all elderly population living in nursing homes in Karachi. The exclusion criteria of this planned study would be all elderly below 60 years of age. Conclusion Transition into old age is another experience which everyone has to encounter. Importance lies in the fact that to be old and live with self-respect, dignity and free from violence, neglect and maltreatment should be an important objective. Geriatric has always been a neglected area, but due to an increase in ageing population, challenge to meet the needs of the elderly is extremely crucial. Elder abuse occurs as a result of strained intergenerational relationship along with the gradual cultural transformations. This critical and under reported phenomenon needs prompt attention by the researchers and government in order to enhance quality of life in their remaining years of life.