The Impact of Downsizing on Manufacturing Industries

The amount of information on the effects of down sizing on manufacturing was not plentiful, however one main point that flows through all of the articles is that even though down sizing may be done to help a company it can end up hurting them in the long run. In the paragraphs to follow we look at the effects that downsizing has on people and companies as well as look at whether or not downsizing is truly the answer. Parker (2003)Reports that in 2003 the expected job losses among the manufacturing industries in Great Britain would create the effects of rising input costs and oil price increase on the job cuts; Downturn of the purchasing managers' index for manufacturing; Decrease in the rate of manufacturer's orders. So even though these cuts may be necessary he pointed out that it would have an overall negative effect. The Midwest may be the focus of manufacturing layoffs and financial woes(Link, 2005), but according to this survey, people who live in the area of the country that includes Cleveland and Detroit in the low- to moderate-income lax bracket are using less of their income to pay for housing than other areas of the country. The study, dubbed the Housing Landscape for America's working Families 2005, revealed that from 1997 to 2003 the number of America's working class who spend more than half of their income on housing leaped from 2. million to 4. 2 million. The study also revealed that immigrant families are 75% more likely to use more of their income to pay for housing than American-born citizens. Across the country there are 14 million people that spend too much of their income 10 pay for housing. About 35% of that group is low- to moderate-income families. In 2003, the critical housing need for the Midwest totaled 8. 7% of residents while the West Coast had a need among I6. 89 (of its residents. The South followed the Midwest for a lower critical housing need with 9. % while the Northeast trailed California with a need among 14. 2% of its residents (Link, 2005). (Palley, 1999) Reported that given the dismal economic performance that marked the period from 1990 to 1995, when downsizing was widespread, inequality widened, and real wages fell, the subsequent U-turn in performance has been completely unexpected. Moreover, it has been cause for further surprise that the economy has continued to prosper despite the East Asian financial crisis, which destabilized global financial markets, undermined U. S. exports, and unleashed a surge in U. S. imports. A second source of uncertainty (Palley, 1999) concerns the sustainability of the growth of personal consumption spending, which had been the principal engine of economic expansion in the past two years. In 1997, personal consumption expenditure contributed 59 percent of gross domestic product (GDP) growth, and in 1998 it contributed 85 percent. Meanwhile, in 1997 and 1998 nominal personal consumption expenditures grew 5. 3 percent and 5. 7 percent, respectively, while nominal disposable income grew only 4. 7 percent and 4. 0 percent. From the Federal Reserve's perspective, this pattern is not sustainable since consumption is growing faster than potential output, which implies that the economy will eventually hit an inflationary wall. An alternative interpretation is that such growth is not sustainable because households must inevitably run short of financial wherewithal, and when this happens, an economic decline will ensue. According to this view, recession rather than inflation is the danger. A last scenario concerns the possibility of a full-scale crash or economic depression. Such an outcome is the least likely of the three scenarios, but it is still more likely than it used to be. In the 1960s and 1970s, the possibility of an economic depression was truly far removed. However, in the 1990s such a notion has surfaced as plausible, even if unlikely. Recent events in the global economy have added further credibility to this possibility. One reason a crash has become more likely is that many of the factors precipitating a hard landing are already in place, which means that many of them could be realized simultaneously. Indeed, many of these factors are linked in trip-wire fashion so that if one occurs, it triggers another. Thus a Federal Reserve-induced increase in interest rates could trigger a stock market crash, and this could then trigger an end to the spending boom. It could also trigger renewal of global financial instability. Similarly, a renewal of global financial instability could become the event that bursts the stock market bubble. Alternatively, a realization that the existing U. S. urrent-account trajectory is unsustainable could trigger a foreign exchange crisis that would renew global financial market instability, trigger a stock market crash, or evoke a Federal Reserve rate hike to protect the exchange rate and guard against imported inflation. Finally, if the economic expansion begins to flag of old age, overoptimistic projections of corporate profitability could pop, triggering a stock market crash. Also, a flagging economy could renew global financial turmoil by ending the U. S. conomy's role as buyer of last resort, thereby undermining the rest of the world's economic recovery, which rests significantly on export-led growth. However, it is not just this interconnectedness of negative factors that lies behind the increased plausibility of a crash. A second and more important factor concerns changes in the structure of the domestic and global economy that have diminished the presence of â€Å"automatic stabilizers† and replaced them with â€Å"automatic destabilizers. â€Å"These destabilizers work in a pro-cyclical fashion. On the cyclical upswing they make for stronger and longer expansions, but on the downswing they make for deeper and more sustained contractions. One important change concerns patterns of employment and remuneration. In earlier business cycles, labor hoarding was a common practice–firms held on to workers through downturns in order to retain their skills and avoid future hiring costs. However, the changed pattern of the employment relationship means that firms now hire and fire much more freely, making labor incomes more pro-cyclical. It is also the case, especially in manufacturing, that overtime has become more important as firms have sought to save on employment costs by extending hours rather than hiring new personnel. Wage income is therefore more vulnerable to downturns since hours can quickly be cut back in a downturn. Finally, casual evidence suggests that there may have been an increase in the use of incentive pay, with greater reliance on stock options and profit-related bonuses. In a downturn these forms of pay are likely to fall off rapidly, contributing to a larger decline in household income and spending. In sum, the above labor market developments all make wage income more procyclical, thereby increasing the pro-cyclicality of demand (Palley, 1999). Another development concerns the general flexibility of wages. In the period from 1950 to 1980, recessions were characterized by a decline in the rate of increase in nominal wages. However, the important point is that wages still rose in recession. The recessions of 1981-1982 and 1990-1991 suggest that a new pattern may have emerged. Now not only does the rate of wage inflation slow, but nominal wages can fall. This is a very important development when it is considered in conjunction with the new debt-driven business cycle. The ability to repay consumer debt depends on the nominal value of income. In a recession the value of debts remains unchanged, but now wage incomes may show a tendency to fall. This will tend to increase debt burdens and raise the prevalence of bankruptcy, thereby deepening recessions. Just as developments in labor markets have contributed to the emergence of automatic destabilizers, so have developments in financial markets. Households now have significantly increased access to credit. In particular, households are able to borrow more heavily against their assets, thereby increasing their ratio of debt to income. Home equity loans are the most prominent example. Another is the ability to borrow on margin against stock holdings. These innovations and their spread give the economy a strong pro-cyclical impulse, but they also generate greater financial fragility. Thus, in upswings when asset prices and wages are rising, households borrow more and spend more, thereby lengthening the cycle. However, when the downswing occurs, households are now saddled with greater indebtedness and may also be subject to margin calls. This worsens the downturn and may contribute to even greater stock market corrections (Palley, 1999). The shift from defined benefit to defined contribution pension plans is another automatic destabilize. First, households are able to borrow against these contributions. Second, these plans may change household consumption and saving behavior since each month they receive statements showing how the value of their pension holdings has increased. Thus, as stock market prices rise, households cut back on saving and increase consumption, while some households borrow against their appreciated 401(k) accounts. However, stock prices are likely to fall in a recession, while the incurred debts will remain unchanged. At that time, households will have larger debts and reduced holdings of liquid assets. Finally, it is worth noting that prices in the stock market may have been at bubble levels for more than three years; recall that Chairman Greenspan gave his â€Å"irrational exuberance† warning back in 1996. This means that a considerable amount of borrowing and spending has taken place on the basis of these bubble prices, so the bubble may be deeply embedded in the balance sheets of agents. This means that a market correction is likely to be all the more severe. In effect, the size of the negative impact of an asset price bubble is positively related to the duration of the price bubble. Accompanying these changes in the domestic economy have been changes in the global economy that have contributed to the emergence of international automatic destabilizes. One change is the increased degree of international financial capital mobility. When a country's financial markets begin to fall, it is easier for asset holders to exit, thereby creating a larger stampede for the exit. Foreign holders have an incentive to exit to protect the domestic-currency value of their holdings, and they now have a larger impact because of their increased holdings. Domestic holders are also more likely to exit because of reduced transaction costs and the increased sophistication of financial markets. They recognize that exit is the way to maximize the dollar value of portfolios when the dollar is under pressure. A second development is the increased international integration of goods markets. In theoretical terms, the foreign trade expenditure multiplier has become larger, which means that economic activity across countries has become more connected, making for greater amplitude in the world business cycle. In the 1950s and 1960s it was said that when the U. S. economy sneezes, the world economy catches a cold. Globalization of goods markets may have created a situation in which the U. S. economy sneezes and the world economy catches pneumonia. In this study (Wertheim, 2004), has developed a hypothesis which combines the effects of both economic impact and pre-disclosure information with the financial distress and potential benefit hypotheses developed in prior research in corporate downsizing. Instead of offering that these two hypotheses as competing and mutually exclusive, evidence are provided that supports the conclusion that these hypotheses simultaneously explain concurrent and additive effects on the stock price reaction to announcements of company layoffs. Finally, results indicate that the relationship between economic impact, pre-disclosure information and stock price reaction to layoff announcements depends on the relative dominance of the signals provided by the layoff about both financial distress and potential benefit. (Palley, 1999)stated that for policymakers at the Federal Reserve, the goal is a soft landing, though some (those who continue to believe in the natural rate of unemployment) think a bumpy landing is desirable since they believe that the unemployment rate is now below the natural rate. Thus not only is the economy expanding more rapidly than potential output, but the level of output already exceeds the level of potential output. Consequently, not only must the rate of output growth decrease, but the rate of unemployment must also rise back to the natural rate in order to avoid accelerating inflation. Since around 1980, there has been a determined drive to downsize American organizations (Budros, 1999) and there currently is no end in sight to this movement, even though studies underscore its technical-economic and human dysfunctions. This situation indicates a need to consider why organizations downsize in the first place, yet the shortcomings of the scholarly literature on this issue are conspicuous (Budros 1997). Therefore, in that paper he offered some systematic thoughts on the causes of downsizing. He developed a conceptual framework for exploring organizational innovation that features two under explored dimensions associated with this phenomenon, the basis of organizational action (rational versus irrational) and social context (organizational versus extra-organizational). He then portrayed downsizing as an organizational innovation and identified factors that lead organizations to downsize. (Palley, 1999) suggests that there are three possible future paths–a soft landing, a hard landing, and a crash. A soft or hard landing is by far the more likely outcome, but, that said, it is possible to imagine conditions in which a crash will occur. Japan's prolonged hard landing, East Asia's economic crisis, and the October 1998 near-meltdown of global financial markets have all added plausibility to such an outcome. A soft landing has the rate of output growth gradually slow to a level consistent with potential output growth. According to current consensus thinking, this potential rate of growth is somewhere between 2 and 2. 5 percent, though New Economy optimists claim it to be as high as 3 percent. A bumpier version of the soft landing (a. k. a. growth recession) has the rate of output growth slowing below potential but growth still remaining positive. Under this scenario, unemployment rises but the economy avoids a formal recession since output continues to grow. A hard landing has the decline in output growth such that it turns negative so that the economy is pushed into recession and unemployment rises even more. Finally, a crash involves a collapse in the rate of output growth, so that the economy enters a deep recession that may even border on a depression (Palley, 1999). The use of an organizational innovation framework to examine downsizing clearly has shed light on this phenomenon (Budros, 1999), revealing that organizations may make people cuts in response to rational organizational, rational extra organizational, irrational organizational, and irrational extra organizational processes. Of particular interest is the realization that scholars have focused almost exclusively on rational (organizational and extra-organizational) causes of downsizing, neglecting the role irrational forces may play in work force reductions. Perhaps this situation prevails because of the longstanding inclination among scholars to view organizations as efficiency-minded social actors. But if we are to develop a complete understanding of downsizing, then we must evaluate the impact of rational and irrational factors on this practice. This research investigates organizational practices in downsizing after a restructure and the effects of these practices on an organization and its employees (Labib, 1993), in particular, and on other stakeholders in general. Findings indicated that it is not downsizing that causes negative effects on both terminated and surviving employees, but rather the human resources practices used to implement downsizing; such as advance notification, method of termination, and amount and type of post-termination assistance given. This research further found that organizations often do not achieve their strategic goals after downsizing because they do not adjust their work processes and their human resource management practices to the new size and structure of the organization. Based on the literature review, a process model for the development and implementation of downsizing plans is proposed. The model is designed to provide a guide to be used by organizations when downsizing to ensure that the interests of all stakeholders are taken into account. The proposed model is tested through a field research in the form of case studies of five major organizations in Canada. The actual practices of these organizations are outlined and compared to the proposed process model, both collectively and individually. The differences are then analyzed and a new revised model is proposed that emphasizes, not only the downsizing process itself, but also what organizations must do during and after downsizing to ensure that employees' needs are met and that the new strategic goals that prompted the downsizing are achieved. Two conclusions are drawn from this research. The first is that downsizing, if it is necessary, must be undertaken in a way that would cause the least amount of pain to those affected which is the ethical responsibility of good corporate citizenship. The second conclusion is that downsizing, in itself, is not enough to ensure increased profitability and goal attainment, but rather, it is how the organization functions afterward that will indicate whether or not the downsizing was a good or bad thing(Labib). The topic of off shoring generates extreme differences of opinion among policy makers, business executives, and thought leaders. Some have argued that nearly all service jobs will eventually move from developed economies to low-wage ones. Others say that rising wages in cities such as Bangalore and Prague indicate that the supply of offshore talent is already running thin. To a large extent, these disagreements reflect the confusion surrounding the newly integrating and still inefficient global labor market. Much as technology change is making it possible to integrate global capital markets into a single market for savings and investment, so digital communications are giving rise to what is, in effect, a single global market for those jobs that can now, thanks to IT, be performed remotely from customers and colleagues. The newly integrating nature of this global labor market has strategic and tactical implications for companies and countries alike. Information and insight about it are sparse, however, and executives and policy makers have little of either for making the decisions they face. To provide help for governments and companies in both high- and low-wage economies, the McKinsey Global Institute (MGI) analyzed the potential availability of offshore talent in 2. 8 low-wage nations and the likely demand for it in service jobs across eight of the developed world's sectors (chosen as a representative cross-section of the global economy): automotive (service jobs only), financial services, health care, insurance, IT services, packaged software, pharmaceuticals (service jobs only), and retailing. These sectors provide about 23 percent of the nonagricultural jobs in developed countries. The study, which projects trends to 2008, aims to assess the dynamics of supply and demand for offshore service talent at the occupational, sectoral, and global level and thus the likely impact on both employment and wages in the years ahead. MGI's analysis provides a panoramic view of the off shoring of services, as well as a number of useful conclusions, including: Off shoring will probably continue to create a relatively small global labor market – one that threatens no sudden discontinuities in overall levels of employment and wages in developed countries. Demand for offshore labor by companies in the developed world will increasingly push up wage rates for some occupations in low-wage countries, but not as high as current wage levels for those occupations in developed ones. Potential global supply and likely demand for offshore talent are matched inefficiently, with demand outstripping supply in some locations and supply outstripping demand in others. The more efficiently the emerging global labor market functions, of course, the more value it will create for its participants by allocating resources more economically. Both companies and countries can take specific measures to raise its efficiency in clearing demand and supply. Broadly speaking, a suitably qualified person anywhere in the world could undertake any task that requires neither substantial local knowledge nor physical or complex interaction between an employee and customers or colleagues. Using these criteria, we estimate that 11 percent of service jobs around the world could be carried out remotely. Of course, some sectors provide an unusually large number of such jobs. As a rule, industries with more customer-facing functions have less potential in this respect. Consequently, the retailing sector, in which the vast majority of employees work in stores, could offshore only 3 percent of its jobs by 2008. Yet because retailing is such a huge employer around the world, this would be equivalent to 4,900,000 positions. In contrast, by 2008 it will be possible to undertake remotely almost half of all jobs in the packaged-software industry, but in this far less labor-intensive business, that represents only 340,000 positions. Some occupations also are more amenable than others to remote employment. The most amenable to it are engineering, on the one hand, and finance and accounting, on the other (52 percent and 31 percent, respectively). The work of generalist and support staff is much less amenable (9 percent and 3 percent, respectively), because those workers interact with their customers or colleagues extensively. But generalists and support workers permeate every industry and therefore provide the highest absolute number of jobs that remote talent could fill: a total of 26,000,000. In practice, just a small fraction of the jobs that could go offshore actually will. Today, around 565,000 service jobs in the eight sectors we evaluated have been off shored to low-wage countries. By 2008, that number will grow to 1,200,000. Extrapolating these numbers to the entire global economy, we estimate that total offshore employment will grow from 1,500,000 jobs in 2003 to 4,100,000 in 2008 – just 1 percent of the total number of service jobs in developed countries. To put this number in perspective (in what is, to be sure, not a direct comparison), consider the fact that an average of 4,600,000 people in the United States started work with new employers every month in the year ending March 2005. Why is the gap between the potential and actual number of jobs moving offshore so large? Many observers think that regulatory barriers stand in the way, but MGI interviews indicate that company-specific considerations (such as management attitudes, organizational structure, and scale) are generally more powerful deterrents. Companies cite cost pressures as the main incentive to hire offshore labor, for example, but the strength of cost pressures varies by sector. Many companies lack sufficient scale to justify the costs of off shoring. Others find that the functions they could offshore in theory must actually stay where they are because their internal processes are so complex. Often, managers are wary of overseeing units on the other side of the world or unwilling to take on the burden of extra travel. On the supply side, developing countries produce far fewer graduates suitable for employment by multinational companies than the raw numbers might suggest. Nonetheless, the potential supply of appropriate workers is large and growing fast, and some small countries boast surprisingly large numbers of them.

External Enviroment

Question 1 The external environment of a firm plays a very important role in the operations of the organization. Why is it important for organization in the Pacific to learn and know about what is happening in their external environment? Use examples to explain a least 5 elements in the external environment. The business dictionary defines external environment as conditions, entities, events, and factors surrounding an organization that influence its activities and choices, and determine its opportunities and risks.From this definition we can identify that external environment plays a vital role in the operations of organization. For an organization in the Pacific to maintain its longevity and productivity in the competitive world of business it is very important to be alert and attentive to the world surrounding it in terms of entities, events, and factors surrounding it that will influence its activities and choices, and determine its opportunities and risks thus maintain its compe titive edge. Technological Element The organization must be technologically efficient.Computers are now the main mode of communication. It knows no barrier. It travels through time and space, continents, companies and what not. A press of a button from Fiji can enable you to communicate with someone thousand and thousand of kilometers away living in United Kingdom. It is very important that they invest in technology through equipment, training and recruitment to be able to impact in the economy. â€Å"Never before in history has innovation offered promise of so much to so many in so short a time. †Ã‚   –Bill Gates (http://voices. ahoo. com/great-technology-quotes-sayings-5759728. html? cat=15) â€Å"The medium, or process, of our time – electric technology is reshaping and restructuring patterns of social interdependence and every aspect of our personal life. It is forcing us to reconsider and re-evaluate practically every thought, every action,†Ã‚   â₠¬â€œMarshall McLuhan (http://voices. yahoo. com/great-technology-quotes-sayings-5759728. html? cat=15) Eg. The use of ATMs (Automated Teller Machines) by commercial banks in the region has made banking effective and efficient.No longer have people be involved in long lines wait to be served. The work of two to three people have been made easier by a single machine. In a Fiji Times interview the ANZ Bank CEO Vishnu Mohan explained that, [1]ANZ customers can now carry out quick and timely automatic teller machine (ATM) transactions. . Economic Element The organization must also be aware of economic development, events and activities regionally and globally. ———————– [1] (Fiji Times, 3rd October, 2012, ATM Upgrade)

Philosophical Autobiography Essay

Life is what not it’s cracked up to be. Sure, it sounds like good, but eventually we all encounter despair, failure, suffering, frustration, the being unloving of our own hearts and of those around us, and finally death. Experience tells us even the best aspects of life are ultimately unsatisfying.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Probably the most significant question we can ask ourselves is what the most important thing in life is. The question has far reaching implications in that the answers that we arrive at can determine the course of the rest of our lives. Many would consider money or financial success as the most important factor in life. The high rate of suicide amongst lottery winners would contradict this. Others would search for fame, yet the list of famous people who have committed suicide or died from an overdose of drugs continues to grow. Good health would be high on anyone’s priorities, and the presence of love in ones life is also of major importance.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I would propose that wisdom is the most important thing in life. The best definition of wisdom that I have read is â€Å"the best means to achieve the best ends†. Wisdom is needed to achieve the best results in the myriad decisions we all need to make daily in our personal, financial, family, work, community lives. Each one of us has a unique mindset or set of beliefs which are continuously changing and which we use to make decisions, each of which has significant roll on effect on how the rest of our lives turn out. These mindsets are determined by the unique environments we have grown up in, our age, our education and the cumulative impact that each life experience has had on us. Our unique mindset is either working in our favor or working against us in each and every situation that we face. One way that we can test how online our thinking is in a particular situation is to look at the results we achieve as a result of the actions we took. Good results means our governing beliefs were online, bad results means that we need to re-evaluate our beliefs to determine what caused the negative outcome. I would propose that life is very much like a game and that a comparison between the two is very enlightening. In any game, you need to be fit, possess certain skills and have a good knowledge of the rules in order to participate. In life, we need to have a good knowledge of the rules that apply and to use this knowledge continuously in order to assess and make decisions in every situation that we face. The more intensely we play the game of life, the better our knowledge and application of the rules, the better the results we will achieve, much like a football player who is skilled, trains hard and knows the rules. During the course of our lives we progress from being dependent on our parents for food and shelter and emotional support, to being independent as we become young adults. We learn to make decisions for ourselves, and as we see the results of our decisions we get feedback and the resultant experience adds wisdom to subsequent decisions. The next stage is to develop relationships with others, or interdependence, and it is through these relationships that significant personal growth can occur. Many of us however have a low sense of self esteem which holds us back in relating to others. We look at the results we have and are achieving in our lives. If our results are unsatisfactory, we reassess our beliefs and make adjustments to our actions. Additional feedback is our emotions like fear, anger, unhappiness, disappointment etc. Our target is to lead a joy-filled, intense yet balanced life, leading to continually increasing wisdom.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   On the other hand, most of us need to unwind and get away from our hectic schedules from school, work, and other things that keep us busy. Like other young adults, they hang out in bars to have some fun but in my case, I rather go to the beach or in the mountains with my family to spend time with them and at the same time to recollect, meditate and appreciate the creation of God. Each place has its own beauty that attracts my attention. I love nature that much. I am thrill and feel excited every time I gaze their natural beauties. These are the places where I can meditate, recollect and reminisce my past or the things I do previously.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I like going to the beach if I want to find enjoyment and fun. I like the beach a lot because the breeze is very fresh. When I am in the beach, I enjoy staying under the heat of the sun while reading my favorite book and the sun makes my skin tan and adorable to look at. I also feel free and at ease. I can wear too my favorite swimwear.   When I am in the beach, it gives me an opportunity to surf and play beach ball games which I cannot do when I am at home and school. I also bury myself under the sand as a sort of relaxation and therapy to my body and when I do that, it gives me a sort of relief. Going to the beach also gives me an opportunity to meet new set of people from different walks of life.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   On the other hand, going to the mountains is also an interesting thing to do. It is fun and adventure. If I want to be on my own and don’t want to be disturbed by people, I immediately go to the mountains. The air there is as fresh as in the beach but it is not crowded with people. I can only find trees and animals. The chirps of the birds really inspire me and want to live life to the fullest. It makes me realize, too, that though birds live simply, they are happy and contented with their lives. They don’t ask for more but happy of what they have. This is the perfect place for meditation and for adventure. I am free from air and noise pollutions from the city where I live. When I am on the mountains, it gives me an opportunity to sleep early and helps me wake up excitedly the next day to have a brisk walk or climb some mountainous areas. Moreover, as a wide reader, I love to read detective and inspirational books. These would help me develop my critical thinking and analyze why things happen that way. Hence, I also like the works of Shakespeare especially the story of Hamlet. Considered as one of the greatest of Shakespeare’s tragedies, Hamlet is also one of the best-known plays in world literature. It is distinguished to be one of the first of its kind of being peculiarly a â€Å"philosophical play†, in addition to having a variety of metaphysical and psychological theories. Although revenge tragedies already existed during and before its time, Hamlet best exemplifies the genre of Elizabethan revenge. A center of many arguments is the apparent delay of Hamlet’s revenge. Critical discussion of this supposed procrastination has a long history. Goethe thought Hamlet too sensitive, Coleridge and A.W. von Schlegel too intelligent to be capable of action. The early 20th century English critic A.C. Bradley saw him as restrained by melancholia, the 19th century German scholar Herman Ulrici by moral scruples; the Freudians viewed him as too complex-ridden to kill his uncle (â€Å"Hamlet†). This aspect of Hamlet’s behavior is seen either as a flaw or a virtue. The story contains four sons of murdered fathers (Hamlet, Laertes, Fortinbras, and Pyrrhus), but Hamlet differs from the three’s pursuit for revenge. He even goes as far as feigning insanity in order to conceal his real agitation and divert attention from his task of revenge. The subject of revenge, which is one of the focal themes of the play, transcends every genre, for there is a Hamlet in every one of us. As Hamlet in the story suffers pain and grief as a result of the circumstances surrounding his father’s death, the usurping of the throne and by the betrayal he felt from his mother’s remarriage to his father’s brother, Hamlet is then filled with the dilemma of whether to take revenge against the wrongdoer. Suffering and grief as a consequence of injustice and oppression is as old as man’s history. Even during the course of the play, Hamlet’s torment alienates him from all those around him, even though he has a close friend to confide with. Such inner turmoil is only expressed in his soliloquies but unknown to those around him. Certainly, the depth of suffering is known only the most by the one who suffers.   How people variously react to such agonies is showcased in the play’s story. Most often, it is the common desire to act as the three other young men (Laertes, Fortinbras, and Pyrrhus) did — pursue their task of vengeance with ruthless single-mindedness. However, Hamlet’s situation is far more complicated. This shows that indeed, vengeance is far from simple. While it seeks to retaliate by inflicting pain for pain, Shakespeare’s Hamlet shows the peril of vengeance. All those who sought revenge died. Hamlet’s loved ones (such as Ophelia), those whom he could have sought solace and comfort, and himself also died. They became victims of Hamlet’s reckless rage as a result of his deflected and unfulfilled desire for retaliation. Revenge therefore, sinks both the offender and the avenger, pulling down along with it the innocent. It is a bearer of destruction. While most revenge plays justifies the avenger by emphasizing him or her as a victim, Hamlet’s character hangs a question above it. At the very core of revenge is bitterness, and is like a ‘rotten apple that spoils the whole bunch’. It has destroyed everything that’s good in Hamlet and made him much more evil than his stepfather. The danger of retaliation is to do greater harm than what was received. No one overcomes evil, with evil. Before bitterness could do its harm, it is best thrown out. Truly, Shakespeare’s Hamlet speaks to every individual in every genre, since ALL of us must pass through a time of making that choice: â€Å"TO BE (bitter) OR NOT TO BE (bitter)? That indeed is a question we all must face.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In addition, I believed that I am a one of a kind person so the saying or quote that would definitely describe me is â€Å"The Grateful One†. The reason I chose this quote is because this is what I perceive myself as and this is what other people think about me too. Not all people are being appreciative and thankful of what they have in life. Some of them would only be grateful when things go smoothly and when they can get the things they want. But through the years and seasoned with testing and circumstances, I have learned that I should be grateful in every way; thus, thanking those people who have helped me shape my character not only those people who brought positive impacts in my life but including those people who have hurt me. It is so irony to be grateful for those people who have hurt me but to some degree, their negative actions toward me make me strong as an individual and learn to depend on God. I have learned, too, that I should not only be thankful during the times when my spirit is uplifted but as well as the time when I am also down because I believe that everything has a purpose why things happen and during those gloomy days of my life, I was able to ponder and see the true beauty of life; thus, showing me who are my true friends are.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Moreover, I never let the day pass without being appreciative and thankful to every people I meet. I may not directly say thank you to them but at least I would tell them that I appreciate to be with their presence. But most of all, I will continually be grateful to God for giving me a family and parents who are very supportive and really inculcated that good conduct. Actually, I come from a strong Christian background and my family tells me, consistently, to always acknowledge God and to remember where my blessings come from. I am what I am today because of them.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Though I am very active with my academic career and civic organizations, I had this experience before that totally teach me a lesson. It teaches me how to listen some advices from others especially from our parents. This is my other side. To let go of someone you dearly love is very painful to do. The pains cause by ending relationship is very unbearable. Some people may find their world tear apart when they realize that their relationship with their partner is not going well. I have had this relationship in the past that truly marks in my heart and in my mind. I do love this person very much despite of his weaknesses and flaws but many people around us do not like the idea of being us together. At first, I try not to give ear to their comments and opinions because of my love for my partner. But in a long run, I decide to call it quits because I find out that my partner is having an affair with other man; take note, it’s a â€Å"man.† It truly hurts me a lot because he exchanges me to a man! It is a big slap my on face. That is the first factor I consider when I break up with him. He is not trustworthy and faithful. I just strongly believe that a woman is meant to be with a man and a man is meant to be with a woman. Though I live in a liberated world but I cannot just take and stand with this kind of idea that is having an affair with same sex. When I break up with him, I feel so much freedom that I never been experiencing when we are still together. I don’t know why I feel that way, but that is how I really feel. I feel like a bird being imprison in a cage for a long time and has the chance to be released. When my friends especially my parents learn about it, they are very happy and relieve. They don’t just like my partner because they can smell something fishy on him. After the break, I feel such joy in my heart and feel more beautiful inside.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Furthermore, many people think of personality as being made up of observable traits such as shyness, friendliness, and initiative. However, such traits are only the outward expression of various inner conditions and processes such as intelligence, attitudes, interests, and motives. Normal persons develop relatively consistent personalities that are distinguished by certain dominant traits. Persons belonging to the same cultural group—such as a family or nation—have many traits in common. But each person exhibits different traits under different circumstances, and each has unique traits as well as those he or she shares with others. It is also known that personalities develop throughout life, and may even undergo fundamental changes as result of psychotherapy or other treatment.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Moreover, personality is produced by the interaction of heredity and environment. Inborn qualities affect the individual’s response to the outside world, and the environment influences the way in which inborn capacities develop. However, the precise reasons why one person develops certain personality traits, while other develops other traits, are not known.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   What you have known to yourself is not known to others. They only base their judgments on what they see and that is your personality. Basically, the treatment of people on you depends on how you carry yourself, through your composure when you are irritated and how you dressed up yourself.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   An example of this is how you dress up yourself.   Don’t wear clothes that will give others a reason to criticize and not respect you at all but rather wear clothes that would motivate them to respect you as a person because if you would like to be respected, pay respect first to yourself by wearing clothes decently.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I have observed that people that I meet pay me respect because of the way I dress and talk to them. I have a number of experiences that with regards to how I dress up and gaining respect from others. They find my personality respectable because of how I act and how I carry my clothes.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Another thing, we cannot deny that there is always prejudice and biases wherever we go. People will treat you nicely or give you special treatment if they find you attractive or appealing but if you are not attractive to their eyes, they will just ignore you as if you do not exist. It usually happens in big and known department stores or any establishment. If you wear flashy clothes and very attractive to look at, the salesperson will entertain you very well and gives you a welcome smile but if you wear just a simple dress and you are not that attractive, there is a tendency that the salesperson will not give you a fair treatment. She/He might think that you cannot afford the stuff they are selling and why does she/he bother entertaining you?   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   There are times too that attractive people are always popular and they are respected because of their good looking appearances. Moreover, many people would be fanatic to them and may imitate their styles. Just like the actresses and actors that we have in the past and at present. Because of their charisma, many people would try to imitate and dream to be like them. But if you only have a plain face, there is always a tendency that people would make fun of you. So we cannot deny that in this world, most people are looking only for the outside appearance and they forgot to look what is in the heart.

Corporate Finance - Real Options - Application of options Essay

Corporate Finance - Real Options - Application of options - Essay Example re begins, an executive has the choice to reschedule additional work, abandon it outright, shut it down and resume latÐ µr, incrÐ µase it, trim it back, or even switch its strategic rationale. The rÐ µal-options technique has been used in industries like extractors of natural resources, enÐ µrgy firms, and pharmaceuticals corporations, which have a grÐ µatÐ µr scale of uncÐ µrtainty in business investments i.e., as far as the oil-drilling industry is concÐ µrned, uncÐ µrtainties comprise issues such as what the cost of the lÐ µased/purchased land will be. How large the oil resÐ µrves would be? What is the appropriate price for the lÐ µase on the resÐ µrve? Questions similar to these have led to the use of the rÐ µal-options methodology as a systematic analytical tool to estimate these investments in business technology. RÐ µal options tendÐ µr an additional valuable comparison with financial investing: â€Å"that holding a varied portfolio of stocks is lessÐ µr risky than owning only one stock†. Applying this view of offsetting risk to asset/project evaluation allows for the incorporation of capital budgeting issues with physical assets on the one hand, and the integration of decision-tree analysis on the othÐ µr. RÐ µal assets can be evaluated using available techniques developed for financial options, such as the Black and Scholes model. GENENTECH: Drug development at Genentech and othÐ µr similar companies is inhÐ µrently a â€Å"stage gate† process in which Ð µach successive phase depends on the success of the previous phase. Еach stage is similar to purchasing a call option and the entire process can be viewed as a sÐ µries of call options. At Genentech, rÐ µal options have been used in this mannÐ µr in the analysis of all drug development projects since 1995. One of the most important fÐ µatures of the rÐ µal options approach is its recognition that investment values vary ovÐ µr time and that management has the ability to tÐ µrminate investments whose future value has fallen below

Why Did Chinese Culture Become So Popular Essay Example | Topics and Well Written Essays - 750 words - 1

Why Did Chinese Culture Become So Popular - Essay Example During the Nara period, the factor which influenced the Japanese nation most was religion. Japan had suffered from severe famine, drought and plague thus driving the poor, desperate, hunger-stricken people to seek refuge in religion, as their last resort. The religion that apparently brought relief to them was Buddhism. Buddhism traveled to Japan from China, across the sea, through the Korean empire. The influence of Buddhism grew under the supervision of Buddhist monks who had studied it in Tang China. These monks had a strong hold over the beliefs of the Japanese people thus manipulating them in the direction of Buddhism. As the religion of Buddhism gained popularity, the buildings and civil works also gained fame in religious trends i.e. the architecture of buildings, shrines, temples etc. turned towards Buddhism. Statues of Buddha became a common and famous trend. These architectures were similar to Chinese architecture as both nations shared the same religion. The city of Nara was built modeled according to the Tang dynasty. The temple of Nara was built which became famous globally due to the huge statue of Buddha. Fundamentally the Japanese imperial structure is very different from Chinese imperial structure. Even though the Japanese nation adopted Chinese culture, their history remains vastly different. Most people think that the development and rise of Japan go along with the fall and underdevelopment of China. This brings a clash of opinions between the two.  

STRATEGIC MANAGEMENT Essay Example | Topics and Well Written Essays - 500 words - 1

STRATEGIC MANAGEMENT - Essay Example This usually happens when the organization is not in a position to manage the human resources or due to the worse business condition or depression in the economy. The termination of the employees from the organization is an emotional event for all the employees who are thrown out of the organization and who are still working in the organization. This is a major problem faced by the people in the economy as due to the worse economic recession. Many reputed firms were forced to put their talent employees due to this reason. This made the employees to lose their trust on the organization and this lead to low productivity in the organization. This also led to the decrease in employee morale. The important measure that has to be taken for this is to make employees aware about the reason for what they are being moved out from the organization. The â€Å"guidelines will help companies handle layoffs in a way that affords dignity to those let go and reassures survivors that the downsizing decision wasnt made arbitrarily† (Robbins, 2009, para.2). This will help in creating a positive attitude among the employees towards the organization. This will create an optimistic approach among the employees and will increase the overall productivity if the employees. Special care has to be given on those employees who still have a fear in their mind that they might lose their job. This fear will decrease the productivity of the employees. It is the responsibility of the organization to remove the fear and make the employees to be productive at his best. Manager should often communicate with the employees regarding the work performance and necessary instructions have to be given for increasing their productivity. â€Å"Discussing and acknowledging the companys position is the first step to keeping people involved — and co mmitted to solving problems they understand† (Robbins, 2009, para.3). When the company realizes that the layoff is important then prior

Resolved collective bargaining rights Assignment

Resolved collective bargaining rights - Assignment Example Collective bargaining rights have made the employees of the state and local government employees of New York to earn salaries that are above the average wages for workers and this means that, taxpayers would have to pay through their noses in order to ensure that, the government pay the wages of these workers. Thus, the collective bargaining rights are causing a heavy burden on the taxpayers and for this reason, it should be repealed. The repealing of the collective bargaining rights in the state and local government of New York would help save huge sums of money that would have been used in paying these workers. â€Å"Nothing is more dangerous to public welfare than to admit that hired servants of the State can dictate to the government the hours, the wages and conditions under which they will carry on essential services vital to the welfare, safety, and security of the citizen.† (Disalvo par. 12). The fact that, the collective bargaining rights have empowered the labor leaders to dictate to the government is not in any way healthy for democracy, as one cannot have two drivers in the same bus. Thus, the resolved collective bargaining rights for state and local governments in New York should be

Respond latter Essay Example | Topics and Well Written Essays - 500 words

Respond latter - Essay Example The movie includes all the main incidents of Gandhi’s life. It starts with the assassination of Gandhi and then playbacks the whole life story. Once in South Africa, he is thrown out of train despite having the ticket, just because he is an Indian. Thereby Gandhi decides to start a non violent protest for the rights of Indians. After depicting his victory in South Africa, the film illustrates Gandhi’s further life in India. He is urged to return India and requested to lead the nation for its independence. Gandhi holds the command of nation really well without compromising with his rules and regulations of non violence, the only reason for saying him as the national hero. Along with his mass supporters he faces some setbacks of imprisonment during this period. The movie very willingly represents the various associate movements such as Satyagraha, Dandi march, Swedeshi movement initiated by Gandhi to tunnel up the British rule. The movie intentionally includes the mass gathering addressed by Gandhi. Eventually gaining the support of Indians he succeeds to get freedom from colonial rule. One of the notable criticisms against the film was that Attenborough’s Gandhi was seriously biased, pro-Hindu film. According to the critics, it surreptitiously exalted Hinduism and portrayed Gandhi’s religious convictions as of an average Hindu. In the same way, it also abased Muhammad Ali Jinnah and Muslim participation in the freedom movement as if they were religious fanatics who caused the separation of the nation. However, some are of the opinion that the film was discreet enough regarding the religious aspects illustrated throughout the life evens of Gandhi (Markovits, 29). The same was the idea that I personally felt as viewing the film Gandhi. Gandhi was not involved in any of the religious practices; instead, his ideology was that of an egalitarian who cherished love above all and was imbued with the scriptures of all

Organizational Communication Research Paper Example | Topics and Well Written Essays - 1500 words

Organizational Communication - Research Paper Example Effective leadership and novel and innovative organizational communication strategies aimed at integrating the efficiencies of a talented workforce with strong leadership are the only means available at the disposal of organizations today, to sustain their competitive positioning and market domination (Burke and Cooper 5; Driskill and Brenton 936). At Ogilvy & Mathers’ (O & M) special efforts are made by the leaders and managers to translate the corporate challenges encountered by them into success stories by encouraging a system of smooth uninterrupted communication and building an environment that honors and elevates the status of employees to that of highly competent and motivated individuals. Introduction: Ogilvy and Mather is a reputed international advertising firm headquartered in Manhattan, U.S.A founded in the year 1948 by David Ogilvy and spread in over 169 cities. Over the past 60 years the firm has managed to build a strong brand name and encouraged an impressive c orporate culture that has helped build some of the most recognizable brands in the world namely American Express, Ford, Shell, Barbie, Sears, Dove, IBM, and Kodak among others (O & M). The overwhelming success achieved by the firm stems from its persistence and relentless pursuit of excellence which it managed to achieve by developing and implementing innovative workplace practices and strong leadership. Some such leadership and organizational communication strategies adopted and applied by O & M over the years that helped the brand in achieving unprecedented success, are discussed in the following sections. Leadership at O & M: According to Wrench (182) coaching strategy of leadership is one of the most significant strategies adopted by modern leaders which entails the use of one-on-one interactions by the leaders as a means of communicating with their followers and subordinates in a bid to enhance their performance. This strategy was successfully applied by David Ogilvy - the foun der of O & M one of the most renowned international advertising firms. Ogilvy's leadership entailed an innovative coaching style which included long and deep conversations with the employees which were not limited to the problems and issues faced by them within the organization but extended beyond the boardroom into their personal space, where the employees were encouraged to discuss their personal beliefs, dreams, goals well as career related hopes (Wrench 183). Coaching style of leadership: This style of leadership was first introduced by Paul Hersey and Ken Blanchard in the late 1960s (Poole 104) and later popularized by Daniel Goleman (Cherniss and Goleman, 43). Wright (237) defines coaching leadership as leadership that "delegates responsibility for elements of the organization's strategy". One of the key traits of a leader as a coach is the ability to listen to their employees via a one-to-one communication method and establish rapport and mutual trust. Good leaders according to this leadership style are those that excel in the art of listening and guiding their employees to identify their strengths and weaknesses and contribute towards their productivity and performance by helping them to identify the resources required to enhance their outcome as well as ways to find the same (Wright 237). Ogilvy & Mather has always endorsed the ‘leader as a coach’ brand of leadership whereby the leaders are encouraged to

Better Pay and Working Conditions in Multinational Essay Example for Free

Better Pay and Working Conditions in Multinational Essay Reaction Paper Part I: Identification Alexander Hijzen and Paul Swaim, â€Å"Do multinationals promote better pay and working conditions? † OECD (Organization for Economic Development) Observer, October 2008; Issue 269, pp 15 – 17. Part II: Abstract Summary The article examines the behavior of international business enterprises, also known as multinational enterprises (MNEs), wages and working conditions, from the perception of the Organization for Economic Development (OECD). It gives a basic definition of a MNE as a corporation with headquarters in one country and affiliates, subsidiaries or merged operations in one or several other countries. Example MNE’s mentioned in the article include: Coca-Cola, Nike, Microsoft, EDF (French energy company), Rio Tinto (British-Australian mining firm), and Toyota. The article notes that there are thousands of MNEs and that they all are not a symbol of Western economic dominance. Some of the top firms listed now in FT one of the UK’s top international business magazines includes China, Russia, India, and Brazil. First, the article addresses the pro and con opinions that supporters and opponents of globalization bring to the working table of MNE’s. It stresses the fact that no matter what one’s opinion may be, the role of the MNEs in the world economy will continue to grow. Next, the article discusses the nature of MNEs as well as notes their advantages on employment (wages and working conditions). Concerning the wages, the article mentions that MNEs’ technical expertise and modern management styles would provide a basis for higher pay wages. However, the pessimists doubt the higher pay since the MNEs are typically in a strong bargaining position with local workers. The article explains that the best way to answer the question do multinational promote better pay and working conditions was to present a comparison of local and foreign companies in terms of their labor practices. So a study was completed to report on this question. The study showed that MNEs do tend to pay more than local firms that compete in the same markets. In general the pay is 40% higher. The study also noted that the pay may be higher to minimize worker turnover and reduce monitoring cost. These results were based upon the report focusing on three OECD countries (Germany, Portugal, and the UK) and two emerging economies (Brazil and Indonesia). Then the author presented the results from the study of those newly hired workers pay vs. those workers who moved from a domestic to a foreign-owned firm, as well as their adjustments to labor practices/working conditions. The study showed higher wages for newly hired workers and small losses or no effect for those moving to foreign firms. Several previous studies were mentioned which noted that multinational tend to adapt to local practices rather than impose their own. Finally, the author expresses the effect that experienced managers have on MNE’s. It has been proven that local firms that recruit managers with experience in multinationals enjoy higher productivity. They can more easily recognize and enforce internationally accepted labor standards. In the end, it is noted that not only experienced managers but also government support is what will help the MNEs be productive and help development.

Literature Review What Is Corporate Social Responsibility Management Essay

Literature Review What Is Corporate Social Responsibility Management Essay CSR  is the concept in which companies consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and the environment in all aspects of their operations.  This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees companies voluntarily taking further steps to improve the quality of life for employees and their families, as well as for the local community and society at large. According to Eric Orts of the University of Pennsylvania, Corporate social responsibility (CSR) has gained more interest in the past decades but it dates back to the 1930s. Just before World War II, German industrialist Walter Rathenau claimed that business corporations had become very large and that they had grown to be a significant part of the society. According to Rathenau, even though fundamentally a corporations intent is the pursuit of private interests and profits for owners of the company, they are increasingly bearing the marks of an undertaking and, to an increasing degree, have been serving the public interest (Kessler, 1930). Further, philosophers John Dewey and James H. Tufts, in their book ethics (1908), raised the concept that it is not sufficient to view companies as purely economic machines and that companies should be involved in public duty as well. Then 65 years later Davis in 1973 stated that, Corporate Social Responsibility of the firm is the firms consideratio ns of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social and environmental benefits along with the traditional economic gains which the firm seeks. In 2004, Sir Stephen Timms, U.K. Minister for CSR, Royal Institute for International Affairs suggested that Economic progress through a fair and open world trading system is essential to tackle poverty and ensure a safer more secure world for everyone now and for future generations. The challenges remain of ensuring that the benefits of that progress reach all sectors in all countries and are not at the expense of the environment. According to Hamann, 2006 the restructuring of the role of business in the quest of sustainable development has been an objective since the mid1990s. He also stated that businesses had to respond to this changing societal expectation by increasingly redefining and justifying their involvement in developmental issues in terms of corporate social responsibility. Regardless of whether one accepts or rejects CSR premise, the idea of CSR presupposes that businesses have obligations towards the society that go beyond profit-making to include helping to solve social and ecological problems. In the November of 2007, the Irish President Mary McAleese used the occasion of her address to the Annual Dinner of the Institute of Chartered Accountants in Ireland to air some questions about the nature of corporate social responsibility in Ireland. She said corporate responsibility is about mainstreaming the best social and environmental practice right through the length and breadth of business operations. It is difficult to see how it can be described as anything other than good news for society. In June of 2007, an online survey was published in the magazine Accountancy Ireland and in the words of one of the respondent from the Institute of Chartered Accountants, Ireland the Corporate social responsibility is simply about giving a damn, or to quote another statement by one of the members CSR means ensuring that through the activities of the company, society in its broadest sense is treated with the respect that you as an individual would expect to be treated. In the words of Ludescher and Mahsud, 2010, corporate social responsibility (CSR) refers to any activity that promotes the welfare of any stakeholder of a business corporation. Sometimes CSR refers to philanthropic programs targeting communities or employees. Other times it refers to commitments to promote the welfare of suppliers. It also refers to a variety of activities designed to enhance environmental stewardship or environmental sustainability. More generally, it refers to the vague intention to better society or corporate citizenship. When used very loosely, the term can be conflated with general ethical practices with regard to customers, investors, or any other stakeholder. In short, the term has a variety of meanings and applications. As it is used today, it can be applied to every business in all industries. According to Responsible Business Guide, 2010 at its core CSR is equal to a responsible business. It states that good business have always been about being socially responsible. Like quality, integrity, honest dealing and long term trust balanced by stewardship of resources, fair profits and public accountability. The guide also clearly mentions that a business must certainly fulfill basic social responsibilities in any case and for which charity cannot be used as a substitute. Anita Roddick, founder of The Body Shop states, There is no more powerful institution in society than business and the business of business should not be about money, it should be about responsibility. It should be about public good and not private greed (Responsible Business Guide, 2010). Also, Stephen Frost, CSR Asia said that the lesson is simple: if companies dont pay enough attention to what people say about them or act quickly, then there is a real chance that information can be potentially harmful. The China State-Owned Assets Supervision and Administration Commission, believes that the Corporate Social Responsibility (CSR) is an idea that enterprises can and should take responsibility for their impacts on society and environment as they pursue profits. The concept has been variously defined, and is also used interchangeably with terms such as corporate citizenship, business in society and business and sustainable development. Each has a slightly different flavor and history. Fulfilling social responsibility requires central enterprises to be human-oriented, stick to scientific development, and be responsible to stakeholders and environment, so as to achieve the harmony between enterprises growth, society and environment. The Draft ISO26000 guidelines define CSR as, The responsibility of a company for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that contributes to the sustainable development, health and the welfare of society; takes into account the expectations of stakeholders; is in compliance with applicable law; is consistent with international norms of behavior; and is integrated throughout the company. Also, according to the World Business Council for Sustainable Development Corporate Social Responsibility means, The continuing commitment by business to behave ethically and contribute to economic development, while improving the quality of life of the workforce and their families as well as of the local community and society at large. Well, CSR is no silver bullet for social change. The author states that collaborative action and partnership with the voluntary, community and public sectors are needed to see signi ¬Ã‚ cant and sustainable change. Expectations of CSR should, however, be realistic yet ambitious. (Staples, 2004) Different authors and agencies have different takes on explaining the meaning of Corporate Social Responsibility (CSR) in their own words. Their basic stand is the same difference visible is that they keep adding new views to it. 1.2 Evolution of CSR In the last 15 years or so the idea of CSR has become an integral part of any business organization. In this period through consolidation and specialization had emerged the three waves of CSR, which are different but coinciding. The first wave began in the beginning of 1990s called the compliance wave. During this time international agencies promoted a number of CSR reporting standards to assure the consumers that the supply chain of various branded products was clean. This wave on the world wide basis started a drive for certification for quality and a third party verification of factory claims about labour standards, social and environmental performance. A number of verifiable corporate social responsibility standards evolved during this wave. The second wave began in the mid-1990s and it was termed as the triple bottom line wave. During this wave all the attention was focused on organizations way of running the business in relation to the environmental, social and financial impact on the society. This wave influenced organizations to come up with a number of articles convincing the businessmen that triple bottom line was a fruitful investment that would pay back through an enhanced marketing image and cost savings. This idea of the TPL being helpful gave birth to an entire industry which prepared the organizations for TBL. This wave made the companies conscious of their image and made them take up projects which were pro-environment and pro-society. The concept of triple bottom line successfully developed the phenomenon that CSR is a driver of any business and described various ways of measuring the impact of the business on both the environment and the society. This wave overlapped the first wave for about five years. The third wave emerged in the mid-2000s and it was termed as the responsible competitiveness wave. Organizations entered this wave with an understanding that in any way CSR does not state that the business should lose out on its profits and the responsible behaviour of an organization can yield concrete rewards. In other words any business that was following responsible practices, the market would systematically and comprehensively reward that business. On the other hand any organization was punished if they showed any kind of disregard to the social and environmental expectations. In Pakistan an industry wide research was conducted in the year 2004 and in almost all the cases it was evident that financial performance of businesses increased with increase in social performance. Responsibly competitive markets presume a society that is both aware of its rights as consumers and carefully uses its purchasing power to regulate corporate behaviour. The wave uses powerful communication too ls and the media of the information age to react quickly to the professed corporate behaviour, good or bad. Evidence indicates that organizations who impose their image as a responsible business would gain an advantage of altering societys expectations from them. (Responsible Business Guide: A Toolkit for Winning Companies, 2010) 1.3 Who does CSR? With industrialization, the impacts of business on society and the environment assumed an entirely new dimension. The corporate paternalists of the late nineteenth and early twentieth centuries used some of their wealth to support philanthropic ventures. By the 1920s discussions about the social responsibilities of business had evolved into what we can recognize as the beginnings of the modern CSR movement. In 1929, the Dean of Harvard Business School, Wallace B. Donham, commented within an address delivered at Northwestern University: Business started long centuries before the dawn of history, but business as we now know it is new new in its broadening scope, new in its social significance. Business has not learned how to handle these changes, nor does it recognize the magnitude of its responsibilities for the future of civilization. http://www.brass.cf.ac.uk/uploads/History_L3.pdf Historians of corporate social responsibility generally agree that the concept emerged in the 1930s and 1940s. It became formalized in 1953 with the publication of Social Responsibilities of the Businessman, a book by Howard Bowen. (Dick Jones Communications, 2010) CSR has now found its way in almost every country. The difference visible is the magnitude on which it is followed and used to ones benefit. CSR was religiously followed by developed countries like United Kingdom and United States of America; they are two the developed countries where it is quite popular and now it is steadily growing in a large number of developing countries. CSR reporting is being followed by not only big multinational companies but also SMEs. The number of companies reporting on CSR has been increasing at a fair pace. In practice, much of the business activity that has so far been labeled CSR has been driven by the concerns of investors, companies, campaign groups and consumers based in the worlds richest countries such as United States of America, United Kingdom, France, Australia, Germany among others. National CSR agendas in middle and low-income countries have been less visible internationally, and have often not been labeled CSR. The result has been CSR practices that are largely framed in rich countries, then internationalized and transferred to other businesses and social settings through international trade, investment, and development assistance. The strategic challenge for governments at national and local levels is how best to shape an agenda that has been largely market-driven and responsive to concerns of rich country stakeholders. Over the past five years or so, governments, companies and NGOs in many middle-and-low-income countries have accelerated a process of adaptation of the dev eloped-country-driven CSR agenda through greater direct engagement. CSR movements and initiatives have emerged in countries such as China, India, South Africa, the Philippines and Brazil, among others. (CSR and Developing Countries, 2007) Moving on from countries that follow CSR to companies that follow CSR, Europes top 100 companies have significantly increased the level of ethical reporting in their annual statements. In 1992 only 12 percent of Europes top firms included a statement of ethical policy in their annual reports, compared with 80 percent in 2003. Also, 96 percent of UK companies say that environmental and social transparency is as important as transparency in economic and businesses issues; non-financial reporting is still widely seen as a PR or marketing tool. (Financial Management, 2003) In 2005, 360 different CSR-related shareholder resolutions were filed on issues ranging from labor conditions to global warming. Government regulation increasingly mandates social responsibility reporting. These pressures clearly demonstrate the extent to which external stakeholders are seeking to hold companies accountable for social issues and highlight the potentially large financial risks for any firm whose conduct is deemed unacceptable. Of the 250 largest multinational corporations in the world, 64% published CSR reports in 2005, either within their annual report or, for most, in separate sustainability reports supporting a new cottage industry of report writers. (Porter Kramer, 2006) According to a recent KPMG study (2005), CSR reporting has changed from purely environmental to concentrating on sustainability and has now become mainstream practice among the top 250 companies of the Fortune 500. In addition to CSR reporting, more than 1000 corporations in Europe and the US have developed or signed codes of conduct governing their social, environmental and ethical practices, and more than 2000 corporations now report on these practices. (Money Schepers, 2007) It also matters a lot for the global economy to what extent small businesses decide to engage in CSR activities. Although it is much more complex to identify, investigate and communicate CSR in the small business, the author believes this area deserves more attention due to its potential impact on the global economy. The grand impact of small businesses CSR engagement on state and civil society has been severely underestimated by researchers and policy-makers. SMEs are motivated, challenged and engaged in CSR issues in many very different ways compared with large  ¬Ã‚ rms. However, the author states that more research is needed to understand in detail the conditions and strategies for SMEs to adopt CSR practices. Research shows that an improved understanding of current CSR practices in SMEs has the potential of stimulating a high impact for the global economy and society as well as for the SMEs themselves. Beyond multinational companies, which pioneered in this  ¬Ã‚ eld with conspicuous efforts, SMEs are developing new tools and approaches to manage social and environmental issues within the scope of their strategic and competitive activities. (Morsing Perrini, 2009) 1.4 Why is it done? In the 21st century marketplace the organizations are becoming more conscious of their overall image and how the world looks at them. The organizations are conscious of human rights and of being economically, socially and environmentally active and responsible. The organizations are being pressurized from different directions to follow ethical practices in business an example being the Companies Act 2006 enshrining in law the concept of enlightened shareholder value, a form of corporate social responsibility, in place of a directors traditional common law duty of loyalty. Researchers have found a strong correlation between social performance and financial performance of a business and it can be proved by stating that now days consumers are well aware of the companies who are socially and environmentally more responsible, especially in the developed countries consumers are placing more importance on the social responsibility of firms. However, the scale and nature of the benefits of c orporate social responsibility (CSR) go beyond the financial ones and can include benefits such as improved perceptions of the company, proactive management of risk, building loyalty-based customers on account of distinctive ethical values etc. Concerns about corporate social responsibility have grown significantly during the last two decades. Not only has the issue become commonplace in the business press and among business and political leaders but a body of academic literature has also emerged around it. Nevertheless, little theoretical attention has been paid to understanding why or why not corporations act in socially responsible ways. (Campbell, 2007) Governments, activists, and the media have become adept at holding companies to account for the social consequences of their activities. Myriad organizations rank companies on the performance of their corporate social responsibility (CSR), and, despite sometimes questionable methodologies, these rankings attract considerable publicity. As a result, CSR has emerged as an inescapable priority for business leaders in every country. Many companies awoke to it only after being surprised by public responses to issues they had not previously thought were part of their business responsibilities. Nike, for example, faced an extensive consumer boycott after the New York Times and other media outlets reported abusive labor practices at some of its Indonesian suppliers in the early 1990s. Shell Oils decision to sink the Brent Spar, an obsolete oil rig, in the North Sea led to Greenpeace protests in 1995 and to international headlines. Pharmaceutical companies discovered that they were expected t o respond to the AIDS pandemic in Africa even though it was far removed from their primary product lines and markets. Fast-food and packaged food companies are now being held responsible for obesity and poor nutrition. Activist organizations of all kinds, both on the right and the left, have grown much more aggressive and effective in bringing public pressure to bear on corporations. Activists may target the most visible or successful companies merely to draw attention to an issue, even if those corporations actually have had little impact on the problem at hand. Nestlà ©, for example, the worlds largest purveyor of bottled water, has become a major target in the global debate about access to fresh water, despite the fact that Nestlà ©s bottled water sales consume just 0.0008% of the worlds fresh water supply. The inefficiency of agricultural irrigation, which uses 70% of the worlds supply annually, is a far more pressing issue, but it offers no equally convenient multinational co rporation to target. Debates about CSR have moved all the way into corporate boardrooms. In 2005, 360 different CSR-related shareholder resolutions were filed on issues ranging from labor conditions to global warming. Government regulation increasingly mandates social responsibility reporting. Pending legislation in the UK, for example, would require every publicly listed company to disclose ethical, social, and environmental risks in its annual report. These pressures clearly demonstrate the extent to which external stakeholders are seeking to hold companies accountable for social issues and highlight the potentially large financial risks for any firm whose conduct is deemed unacceptable. (Porter Kramer, 2006) According to G.K. Kanji and P.K. Chopra (2010), there are various factors responsible for the steep rise in the number of corporations adopting CSR. First, consumers across the globe are becoming more and more aware of the environmental and social implications of their purchases and hence they take these issues into consideration when making their decisions. Second, globalization has given rise to new challenges for corporations in terms of government regulations, tariffs, varying standards, ethical issues, environmental restrictions, labor exploitation, and so on. These issues can be very costly for corporations, and hence corporations have to use socially responsible policies. There are several possible explanations for this increased attention in the UK to CSR issues. There are three speci ¬Ã‚ c ones: a general increase in concerns about ethics in British society; heightened awareness of risk and risk management; and the growth in media exposure concerning CSR. Aguilera et al., (2006) According to Dawkins Ngunjiri, 2008 evidence suggests that consumers and other stakeholders prefer companies that embrace social responsibility there for; reporting social and environmental impacts along with financial results has become routine practice for companies. Unlike highly regulated financial reporting, corporate social responsibility reporting (CSRR) is generally left to the companies discretion. As a result, companies have adopted varying forms of reporting such as triple bottom line or conformed to the standards of nongovernmental organizations (NGOs) such as the Global Reporting Initiative or Social Accountability International. There is an emerging stream of research examining how companies use CSRR to highlight their commitment to corporate social responsibility. To date, the research on CSRR has been focused primarily on Europe and the United States, but the emerging market economies that can quickly become corporate social responsibility (CSR) flashpoints are garne ring increased attention from researchers as well. Not only is it important for companies to engage in favorable CSR but also that they report those activities. KPMG published an International Survey of Corporate Sustainability Reporting to document the extent of company involvement in this practice. Clearly, company disclosures can lead to favorable perceptions of corporate governance, and investors use this information to make decisions. Outside of regulatory considerations, companies engage in CSRR for three primary reasons: (a) to maintain and enhance perceptions of legitimacy, (b) to manage the perceptions of key stakeholders, and (c) as a reflection of their corporate values. Legitimacy is a generalized perception that the actions of an entity are desirable, proper, or appropriate within some socially constructed system of norms, values, and beliefs. Consequently stakeholders, consumers, local communities, and NGOs can influence corporate behavior by arguing that a given practice does not conform to societal expectations or lacks legitimacy. Disclosures about CSR are one way that companies demonstrate their legitimacy to stakeholders. For instance, found that companies increased their environmental disclosures when their legitimacy was questioned due to environmental mishaps. According to Timothy M. Devinney (2009), there is an ongoing debate on the idea that what are the real costs and benefits of CSR reporting and this is due to the fact that very little evidence is available on this topic, for those with a narrow conception of CSR, the corporation has little, if any, obligation to the society other than the creation of economic rents that can accrue to the stakeholders with recognized rights to those rents. For those with an expansive view of CSR, the corporation should serve as an instrument of public policy by other means. For those seeking a compromise, CSR is something in between these two extremes. Although it is still contested whether corporations have social responsibilities beyond their wealth-generating function, there exists today increasing internal and external pressures on business organizations to fulfill broader social goals. The author further states that because business organizations are embedded in different national systems they experience divergent degrees of internal and external pressures to engage in social responsibility initiatives. The author further states that Orlitzky, Schmidt, and Rynes in 2003 provided a breakthrough in the CSR literature with meta-analytic evidence showing a significant positive effect of corporate social/environmental performance on corporate financial performance, and Mackey, and Barney in 2005 theorize with a supply and demand model that investing in socially responsible initiatives will maximize the market value of the firm. These studies should bring some closure on the long-running debate about whether it is in an organization s financial best interest to engage in CSR. Therefore, an important new line of inquiry within this field is no longer whether CSR works but, rather, what catalyzes organizations to engage in increasingly robust CSR initiatives and consequently impart social change. Aguilera et al., (2007) One persistent feature of debates about CSR is a deep skepticism about the intentions of companies. There is a recurrent suggestion that CSR activity is just window-dressing aimed at distracting attention from the real problems. The author asked this question to a number of the board directors working in various organizations and they all rejected this criticism. They claimed to be sincere in their desire to ensure that their companies behave responsibly in addressing the major social and environmental impacts associated with their business activities. (Mackenzie, 2007) There is an ongoing debate on the idea that do companies really report their activities to make a difference by presenting the various changes they make in the name of CSR or is it just a calculated effort to improve their image. It is very difficult to come to a conclusion on this debate as both in favor and against the above mentioned point have some strong arguments that they put forward. 1.5 Legitimacy and Stakeholder Theory in the case of CSR Legitimacy theory posits that organizations continually seek to ensure that they operate within the bounds and norms of their respective societies. These bounds and norms are not fixed, but change across time, thereby requiring the organization to be responsive. In a sense, there is a social contract between the organization and those affected by the organizations operations. The organization is expected to comply with the terms of this contract, and these expressed or implied terms are not static. An event study incorporating legitimacy theory was conducted by Patten (1992). Patten focused upon the change in the extent of environmental disclosures made by North American oil companies, other than Exxon Oil Company, both before and after the Exxon Valdez incident in Alaska in 1989. He argued that if the Alaskan oil spill resulted in a threat to legitimacy of the petroleum industry, and not just to Exxon, then legitimacy theory would suggest that companies operating within that industry would respond by increasing the amount of environmental disclosures in their annual reports. Pattens results indicate that there were increased environmental disclosures by the petroleum companies for the post-1989 period, consistent with a legitimation perspective. This disclosure reaction took place across the industry, even though the incident itself was primarily related to one oil company. Deegan and Gordon (1996) reviewed annual report corporate environmental disclosures made by Australian companies across the years from 1980 to 1991. They investigated the objectivity of corporate environmental disclosure practices and trends in environmental disclosures across time. They also sought to determine if environmental disclosures are related to concerns held by environmental groups about particular industries environmental performance. The results derived by their study confirm, among other findings, that; (1) increases in corporate environmental disclosures across time are positively associated with increases in the levels of environmental group membership; (2) Australian corporate environmental disclosures are overwhelmingly self-laudatory: and (3) there is a positive correlation between the environmental sensitivity of the industry to which the corporation belongs and the level of corporate environmental disclosure. Deegan and Gordon argue that the levels of corporate e nvironmental disclosures are associated with the legitimation process, whereby companies seek to attain the status of legitimacy. (Deegan Brown, 1998) Banks with a higher visibility among consumers seem to exhibit greater concern to improve the  corporate  image through  social  responsibility  information disclosure.  Results thus suggest that legitimacy  theory  may be an explanation of  social  responsibility  disclosure by Portuguese banks.   (Branco Rodrigues, 2006) Stakeholder theory is a theory of organizational management and ethics. Indeed all theories of strategic management have some moral content, though it is often implicit. This is not to say that all such theories are moral, as opposed to immoral. Moral content in this case means that the subject matter of the theories are inherently moral topics (i.e., they are not amoral). Stakeholder theory is distinct because it addresses morals and values explicitly as a central feature of managing organizations. The ends of cooperative activity and the means of achieving these ends are critically examined in stakeholder theory in a way that they are not in many theories of strategic management. Stakeholder theory is conceived in terms that are explicitly and unabashedly moral. Managing for stakeholders involves attention to more than simply maximizing shareholder wealth. Attention to the interests and well-being of those who can assist or hinder the achievement of the organizations objectives is the central admonition of the theory. (Phillips et al., 2003) The social responsibility of business has become a major issue in recent years and the reporting of such activity is becoming more prevalent. Companies are attuning to the benefits of being seen as socially responsibly and many industries are jumping on the bandwagon of reporting CSR and using different media to communicate their activities in this arena to their stakeholders. Companies are attuning to the benefits of being seen as socially responsibly and many industries are jumping on the bandwagon of reporting CSR and using different media to communicate their activities in this arena to their stakeholders. The article considers the content of one type of such communications, the annual report,

Anita Brenner :: Essays Papers

Anita Brenner In 1905 Anita Brenner was born in Aguascalientes, Mexico. Her parents left Mexico in 1910 when the Mexican Revolution started. Anita was educated in the United States but never forgot the homeland that she loved. Anita's family moved back and forth from Mexico to Texas during the revolution, and then in 1916 they permanently settled in Texas. Anita understood what it was to be displaced from her homeland in times of war. Anita was of Jewish decent, her father had immigrated from Russia in the late 1880's her father and mother met in Chicago then moved to Aguascalientes. Even though she was not of Mexican decent she always considered herself to be Mexican. Her greatest influence of the Mexican culture was her nanny, Nana Serpia. The Mexican Revolution was something that happened when Brenner was very young but it continued to shape her for the rest of her life. Brenner wrote several books but Idols Behind Altars and The Wind that Swept Mexico were influential and publicly acclaimed. B renner also established a publication in 1955 called "Mexico"/ This Month. Brenner spent all of her years writing about Mexico its art, history, and culture. Anita Brenner loved Mexico and spent her life trying to teach mostly an American audience what Mexico was really about. Idols Behind Altars was Anita Brenner first book. It was about that arts and culture of Mexico. In the Introduction to the book Brenner wrote of the historical significance of the Mexican Revolution and what it was meant to accomplish. She wrote of the treachery of the ruling class and of the humble beginnings of the revolution. She wrote that, But the high-voltage current that blew up the works was the brutal and insolent disparity between money and position granted the native technician or professional man --the man of brains and cultivation -- vis-a-vis his foreign counterpart. This devaluation on the basis of, not exactly color, not exactly race, but the same thing really, cooked and rankled and set working the consciousness of skilled men thoroughly aware of their own capacities. They and people like them were among the most effective organizers of 1910-24. (into. 2 idols) This is how Anita Brenner described the people that started the revolution. She believed that the Revolution was bound to happen because of the way the land owners and politicians were running the government.

Egyptian Bedouins :: essays research papers fc

The Life of the Egyptian Bedouins   Ã‚  Ã‚  Ã‚  Ã‚  The Bedouin people of Egypt can easily be described as a people with no place to call a home. Studying the Bedouins show that they have a deep and unique culture. They do not get involved in politics, and they live a humble and modest life. The Bedouin Nomads of Egypt are predominantly Muslim. Therefore, their beliefs, practices and rituals will be the same as that of a common Muslim. I will discuss the doings of Muslims but more importantly, I will concentrate on the beliefs and other aspects that make the Bedouin people unique and different from other Muslims.   Ã‚  Ã‚  Ã‚  Ã‚  In Islam, there is something known as the five pillars. These five pillars detail how to carry on your religious duty. The five pillars of Islam start off with the belief in the oneness of God and Muhammad as his prophet, as well as belief in all other prophets before Muhammad. The next pillar is prayer. Prayer must be carried out five times a day. The first prayer called Fagr (streak of light) must take place between when the first light of the day is seen until 10:00 am. The second prayer called al-duhr (noon prayer) should be done between noon and the next prayer which is the asr (afternoon) prayer. The fourth prayer of the day is the Maghrib (sundown) prayer. The last prayer is called the Isha (night) prayer. If any prayer is missed at any time of the day for any reason, it can be made up at a later time. The next pillar of Islam is al-sowm (the fast). Muslims must fast during the Islamic month of Ramadan. Muslims engage in this practice in order to gain endur ance and compassion for the poor. The fourth pillar of Islam is zakah (charity), every Muslim is asked to give a fraction of their money to the poor. This fraction is usually a percentage of their wealth. The final pillar is the Hajj (journey to Mecca), a mature Muslim must visit Mecca in Saudi Arabia at least once in their life. A Muslim that visits Mecca seven times in their lifetime can visit the Dome of the Rock is Jerusalem. The Dome of the Rock is the second most holy place in the world for Muslims. Most reputable literature written on the Bedouins were written by anthropologists that have spent time and traveled with them.

The Future of Computer Technology :: Exploratory Essays

The Future of Computer Technology Where is the future of computers and computer intelligence heading? Is it good? Is it the wrong direction yet the right track? A look into the past, the present, and the future of computers will likely make up the mind of a person who hasn’t thought about this topic. From a humanist stand point, I do not think the future is bright but from a computer development stand point, the future look endless. The computer was first thought up by a guy named Alan Turing who figured there could be a machine that could do mathematical equations without human interaction. Without the technology available, this thought was just that, a thought. However, in the 1930’s IBM built a calculating machine called the Mark I. Although still not quite a computer because it had to read punch cards, it would set the stage for the future. The next big step in computer technology was the building of ENIAC. The first successful, general digital computer was finished in 1945 and weighed 60000 lbs. and housed more than 18000 vacuum tubes. This computer could not permanently store information however so a new development had to be made and in 1952 EDVAC was born. Now machines could â€Å"remember† information. Technologically, this was a huge advancement but could the developers see what might come of the future if a computer can remember what it has done? But walking talking computers that could think and speak on their own were a far cry considering these machines covered more than an acre in size. The invention of the integrated circuit in 1959 was the biggest development until 1971 when the microprocessor was developed. The microprocessor can house thousands of transistors on an area the size of a pencil eraser. With the creation of the microprocessor(fig.2) came an explosion of computer technology. Now computers could be made to perform thousands of calculations a second and could fit on a desktop (fig.3). But could these computers think on their own and do things without being told? On a secondary level, yes. If a user gave a command to the computer, the computer could carry out a series of task and give the user a result. However, a computer cannot do something without being told to first such as pick up objects and destroy things. That is until the birth of AI or artificial intelligence. The Future of Computer Technology :: Exploratory Essays The Future of Computer Technology Where is the future of computers and computer intelligence heading? Is it good? Is it the wrong direction yet the right track? A look into the past, the present, and the future of computers will likely make up the mind of a person who hasn’t thought about this topic. From a humanist stand point, I do not think the future is bright but from a computer development stand point, the future look endless. The computer was first thought up by a guy named Alan Turing who figured there could be a machine that could do mathematical equations without human interaction. Without the technology available, this thought was just that, a thought. However, in the 1930’s IBM built a calculating machine called the Mark I. Although still not quite a computer because it had to read punch cards, it would set the stage for the future. The next big step in computer technology was the building of ENIAC. The first successful, general digital computer was finished in 1945 and weighed 60000 lbs. and housed more than 18000 vacuum tubes. This computer could not permanently store information however so a new development had to be made and in 1952 EDVAC was born. Now machines could â€Å"remember† information. Technologically, this was a huge advancement but could the developers see what might come of the future if a computer can remember what it has done? But walking talking computers that could think and speak on their own were a far cry considering these machines covered more than an acre in size. The invention of the integrated circuit in 1959 was the biggest development until 1971 when the microprocessor was developed. The microprocessor can house thousands of transistors on an area the size of a pencil eraser. With the creation of the microprocessor(fig.2) came an explosion of computer technology. Now computers could be made to perform thousands of calculations a second and could fit on a desktop (fig.3). But could these computers think on their own and do things without being told? On a secondary level, yes. If a user gave a command to the computer, the computer could carry out a series of task and give the user a result. However, a computer cannot do something without being told to first such as pick up objects and destroy things. That is until the birth of AI or artificial intelligence.