Sport Management Liability and Negligence free essay sample

Stevenson. Court (Lord Atkins- Judge for the case) stated that the manufacturer owed a duty of care to the customer. As a result of this breach, the courts found, that Mr. S was liable to pay damages to Mrs. D in the duty of care. So how is this relevant to sport? Sport organisers owe a duty of care, to anybody involved in the event, which is employees/ participants and spectators. They must be mindful of that duty, because any breach may result in being sued for damages. 2. Key terms addressed These are the key terms in understanding negligence and liability. It is essential the sport organiser is familiar with them, because he or she has a responsibility to provide a safe environment for example. They must know what their duty of care encompasses and must know what would breach that duty. I am aware that the sport event organiser has a responsibility to the participants/ employees and spectators, but throughout this presentation I will be focusing on a number of cases, where sport event organisers were found liable for negligence towards spectators. We will write a custom essay sample on Sport Management Liability and Negligence or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 3. The role of a sport event organiser: The sport event organiser duty of care encompasses three areas. 1. The minimisation of risks 2. Putting into place the appropriate safety measures. 3. And as far as possible to prevent an incident, and if one occurs to limit the damage. 4. Relevant legislation underpinning the organisation of sporting events Occupier’s Liability Act (1957)- In law sport event organisers represent the occupier, so they can be bound by the occupiers liability act. To some degree they can limit there liability to spectators by making spectators aware of dangers, e. g. isplaying warning signs, limiting the number of spectators, efficient stewarding. Safety at Sports ground (1975): The Ibrox Stadium Disaster occurred in 1971, during a game between Rangers and Celtic. There was a late goal, so the spectators that were leaving rushed back, and in the insuring crush, the barriers collapsed and 66 supporters died. The act now requires major sporting events to obtain a certificate of safety before event s. Unfair contract terms act (1977): Before this legalisation was put in place organisers were able to get away with murder literally. White v Blackmore (1972) – Mr White, a spectator was killed, at a motor racing event. Organisers were found not liable because of a warning sign at the entrance to the ground, which stated that motorsport is dangerous. The Fire Safety and Safety At Places of Sport Act (1987 🙂 In 1985, 56 spectators died at Bradford city football club, following a fire where trapped spectators were unable to escape through exits that were locked. This case highlighted the importance of carrying out a fire risk assessment before an event. Since then statuary fire risk assessments have ensured that protocols are put in place to protect the safety of spectators at all sporting events. 5. Repercussions suffered for being unable to fulfil a duty of care To establish negligence 4 elements must be satisfied Number One . The standard of care: Waitemata Pony Club failed to meet the standard of care, because they did not ensure a safe enclosure for horses that were not competing. This resulted in Evans being injured by a runaway pony. Number Two. 2. A breach of duty: Schwilm v. Pennsylvania Sports [1952]- A women sitting behind the goal at a ice hockey game. Struck in the head with a puck, that had passed through the barriers. Awarded $2,500 in compensation even though she assumed risks of going to an ice hockey match, she had a right to rely on the barriers to protect her. Number 3: Causation: An example of this was Langham v Connell Point Rovers Soccer Club [2005] A spectator was awarded ? 145,000 after tripping over a loose rope in a car park attending a soccer match. The rope was a similar colour o the dirt in the car and this caused it to be invisible. Number 4: Injury: A case illustrating this element is Klyne v Bellegrade [1978]: Organisers were held liable when a spectator suffered serious injury after being struck by an ice hockey stick, whilst standing in an unprotected aisle alongside the rink. 6. Limiting Liability: There are limits to the imposition of liability on a sport organiser. There are also limits of liability on the sport organiser. So for instance there is a voluntary Assumption of Risk- Limit the liability of organisers where there is an inherent risk. At county cricket grounds organisers take the precautions of informing spectators via the match ticket that there is a possibility that cricket balls may be hit into the crowd (i. e. If a batsman scores a six . ) Secondly there is Contributory Negligence- The organiser would have to show that the spectator was negligent in the actions they took and contributed to their injuries. If this is the case, the defendant will be relieved of some responsibility for damages. (James, 2010). Harris v Bulldogs Rugby League Club [2006] Rugby club was not held liable when a spectator was injured by a fire cracker. This was because they had already fulfilled all of there safety obligations in carrying out safety checks and searches. 7. Importance of risk management: Effective sport event organisation requires organisers to reduce the risks surrounding a sport event as far as possible. This is achieved by detailed risk assessments, and the formulation of a management plan. Risk assessments are based on legislation such as the Occupiers liability act (1957), the Safety at Sport Grounds Act (1975) and the Fire Safety and Safety at Places of Sport Act (1987). The assessment will identify the people involved which are spectators and employees. The likely hood of the risk, severity of the risk will be analysed, the and finally the control measures to put into place, (minimise any risk). The Safety of Sports Grounds Advisory Group: Although no law was enacted, following the Hillsborough Disaster of 1989, the government appointed Lord Chief Justice Taylor to, make recommendations regarding the safety at sporting events. The final section of the his report, recommended advisory groups comprising of sport event organisers, local authorities and emergency services cooperating to ensure the safety of spectators at sporting events. . Conclusion So where does this leave the sport event organiser? To be a successful sport event organiser, an understanding of the law negligence and liability is essential. The disasters of the past have provided some of the legalisation upon which current sport event organisers are able to assess and manage risk. Because of there very nature, accidents will still happen at sporting events but by recog nising the need for careful planning, organisers are now able to reduce the cases of negligence and make sporting events safer for spectators to enjoy.

Constatin Sergeyevich Stanislavski essays

Constatin Sergeyevich Stanislavski essays I. Constatin Sergeyevich Stanislavski: Who was he? Born in 1863 in Moscow, Russia, Constatin Sergeyevich Stanislavski is known for pioneering many of the acting concepts and methods that are used in todays world of acting. It is said that Stanislavski had the greatest effect on acting more so than anyone else in the 20th Century. From his ripe teenage years, Stanislavski was involved in theatrical productions in hopes of attaining his status as a respected actor in the performance community. Over a time span of 40 years he was involved in many facets of the performing arts which ranged from producing and directing plays to analyzing and understanding the meaning of acting. Stanislavski earned international recognition during his lifetime for all of his contributions to the acting genre. However, in the United States and beyond, his legacy lives on today and is demonstrated by some of the greatest performers of the 21st Century who follow his guidelines and concepts. There are a plethora of books and research relating to Stanislavski and his acting method, many of which he wrote during his lifetime. Many today follow his acting methods and comb through his concepts with a fine toothcomb in order to try to fully understand his viewpoints. Complex and intricate as some of his ideas may have been, they have proven time after time to mesh extraordinarily well in relationship to acting. It is especially important to recognize that Stanislavski focused a great deal on the psychological aspects of acting and not just the physical state of acting. Naturalism was of specific importance to Stanislavski and that is the main focus of this paper. There is such a multitude of areas that Stanislavski has written about, it is necessary to zoom in and focus on one specific angle in his areas of research in order to begin to understand what this man was about. I have felt there was nothing for me to do excep...

Cadbury (Pre and Post Merger Performance Evaluation) Coursework

Cadbury (Pre and Post Merger Performance Evaluation) - Coursework Example Prior to the acquisition, the Cadbury operations and activities were narrowly streamlined along a consistent pattern. They were limited to the main stream markets, with no major expansion in the new and unexplored markets, with focus on core strategy, and little element of innovation on display, although this all served well and Cadbury still enjoyed success, fame and glory in the market, yet there is no limit to success and glory, and more can be added any time. This was to be added in form of the Kraft’s overtake, that adopted a change in management style, the business patterns, the partnerships and expansion policy and much more that in other words gave a totally new life to Cadbury in different angles.Being one of the most notable English companies, it was very unlikely to be taken over by any foreign company; however the fears turned true in 2010 when an American based company â€Å"Kraft† took over and introduced relatively new patterns and management styles. The takeover was received in a mixed way but mostly with a relatively negative trend in social sphere. As a result of the recent change, management style, and the patterns and rules of engagement have seen a slight change with regard to the previous patterns that were operational in past. ... Recent change of Command: Being one of the most notable English companies, it was very unlikely to be taken over by any foreign company; however the fears turned true in 2010 when an American based company â€Å"Kraft† took over (Cadbury, 2010) and introduced relatively new patterns and management styles. The takeover was received in a mixed way but mostly with a relatively negative trend in social sphere. As a result of the recent change, management style, and the patterns and rules of engagement have seen a slight change with regard to the previous patterns that were operational in past. Managing style: An international organization such as Cadbury needs a clearly defined management style and organizational activities to allow successful operational functions. Realizing its importance, Cadbury has a democratic and hierarchical management style. Each of the member enjoys complete freedom and opportunity in contributing towards the organization and making it the world’s top most chocolate selling and producing industry and organization. Hierarchy in ranks: Hierarchy is an evident form of management and leadership in most major organizations in present day. The hierarchy broadly divides the organizations in to three layers, namely top management, middle management and lower staff. Hierarchy at Cadbury is also distributed in the same manner, with top management performing the role of decision making, policy envisaging and declaration of the S.O.Ps and dealings with the international organizations and stake holders, the middle management in the industry is inducted to ensure that the top and lower management are kept intact. Post merger-acquisition scenario: Kraft engages into professional, selective and specialized processes that make them world famous and

ISIS Essay Example | Topics and Well Written Essays - 750 words

ISIS - Essay Example ich has seized significant territories in western and northern Iraq and eastern Syria and established â€Å"caliphate† in accordance with Islamic Law, or Sharia. The history of the Islamic State of Iraq and Syria goes back to 1999, which is the year when Tawhid wa al-Jihad, a militant Islamist group, was established by Abu Musab al-Zarqawi in Jordan. This militant group achieved its ill name due to the numerous attacks on coalition forces, beheadings of hostages and suicide attacks held in Iraq. After the US-led invasion of Iraq in 2003, al-Zarqawi pledged alliance with al-Qaeda network and changed the name of the organization to al-Qaeda in Iraq (usually referred to as AQI), which became the main force of the insurgency (BBC, 2014). In 2006, the leader of the organization died, and AQI created an umbrella organization named Islamic State in Iraq. During 2006-2007, the group lost support of the population because of violent attacks committed by the members of the organization. As a result, AQI found itself in a deep crisis as it was isolated its supporters. However, 2010 can be regarded as the year of revival of the organization as its new leader, Abu Bakr al-Baghdadi, restored the capabilities and reputation of the Islamic State (BBC, 2014). It was in April 2013 that al-Baghdadi made the merge of his forces in Syria and Iraq public and announced the establishment of the Islamic State of Iraq and the Levant. In the end of 2013, the organization focused on the conflict between the Sunni Arab community and the government and took control over Fallujah with the help of tribesmen. In June 2014, the Islamic State of Iraq and the Levant seized Mosul and advanced to Baghdad. In this very month, the organization changed its name to the Islamic State, and its leader Abu Bakr al-Baghdadi announced the creation of caliphate, a state led by one and the only political and religious leader (BBC, 2014). There is no certain data on the area controlled by the organization. For

Multi-Level Change Coursework Example | Topics and Well Written Essays - 250 words

Multi-Level Change - Coursework Example Meanwhile, there were two of these positions were top departmental positions. What this means was that those two positions needed to be occupied by senior employees with long years of experience in the organization’s business. The decision that was taken by the leadership was that two existing employees would be made to occupy the two top positions as a form of promotion for them. This created two new vacancies at the lower rank and three lower rank vacancies in all. Three new employees were subsequently recruited in the organization. The change created a couple of impact within the organization. At the individual level, the newly promoted employees had their human capital equipped. The promotion also served as an intrinsic motivation for them (Johnson, 2012; Gray-Toft and Anderson, 2008). All in all, their human resource base was enhanced to put up extra ordinary performance for the organization. If for nothing at all, they needed to justify their competence for the new roles that were assigned to them. At the group level also, it can be said that there was a positive impact on organizational functioning. As new group leaders who were very familiar with the existing employees, inter-personal relations became enhanced and easier (Saunders, Lewis, and Thornhill, 2003). These two major impacts at the individual and group level ensure that the whole organization experienced sharp growth as the organizational culture was upheld to (Hussey and Hussey, 2007). Thereby, there was a welcoming response to the

Self reference Criterion and importance for International marketing

Self reference Criterion and importance for International marketing Self-reference Criterion and its importance for International marketing If you take a look around yourself you will find how many goods and services are solely produced in your own country around you? Your clothes might be produced in Pakistan, your cell phone from China, your computer in Singapore; your Coffee might be from Latin America. Whatever we talk about music, clothes, movies or our soft drinks for everything there are good chances that most of these products are produced in somewhere else in the globe. This is the global market place where good price and quality is welcomed by consumers irrespective of the region of its origination. In this scenario the need is to adopt the marketing practices that are effective beyond the borders so the importance of international marketing cannot be denied. International marketing is not an easy task. The international marketer has to face many obstacles in the way to achieve his goals. One of the primary obstacles is whenever we face a problem; we react abruptly and take decisions on the basis of values, meanings, behaviors and symbols that we have taken from our own culture. This type of decisions usually do not proved to be correct, as values, meanings and all other elements of culture usually differ from country to country. This is called self-reference criterion. According to Cateora at al (2007), the self-reference criterion is when decisions are taken on the basis of experiences, values and knowledge of ones own culture. The understanding of self-reference criterion is very much important for the marketing firm that plans to enter in international markets. In local markets on the basis of self-reference criterion; the marketer can predict the future responses of customers to a particular product but in the markets of some other country or culture the responses of customers will be based on their unique cultural environment. Even when the marketing strategy for international market is developed very carefully, chances of misunderstandings cannot be entirely vanished due to many un-avoidable factors. The intervention of self-reference criterion in international marketing practices can be easily understood with the help of following examples. In an advertisement created by Nestle corporation for their Kit Kat, a voice cover of local language was used for both countries UK and Italy. In that advertisement the quack, universal language of ducks, and duck callers were used by duck hunter to attract the ducks. Meanwhile in the commercial they became frustrated and to have a cheerful break they need a Kit Kat. That advertisement could not be succeeded because of the cultural differences between the consumers culture and marketers culture. In Italy the hunting is considered as a negative act and Italian also took Kit Kat as a luxury and product. From this example we can clearly say that the success of a marketing strategy is critically based on customer understandings and its important is raised more when we talk about international marketing. In 1996 McDonalds opened seven restaurants in India. The 40% population of India is vegetarian and they do not eat meat or animal proteins. The fish, frozen meat and spicy foods were also not frequently used by remaining meat eaters. So in order to be successful in new market the McDonalds had make many changes to its prime products and needed to use separate tools and kitchens to make burgers and other products according to the needs of Indian markets. This all created many problems for the company and company had also incurred many extra costs. This example shows that how companies have to face self-referencing criterion when expanding their business in new international markets. When Unilever started its operations in Brazil and wanted to introduce detergents, the biggest issues that company faced ware that people in Brazil dont have washing machines, in rural areas people used to wash their clothes at the river and most of the population of Brazil was poor and they were very much conscious about the products. So to avoid self-reference criterion the Unilever first developed a formula of soap, they made the plastic packing of soaps to conveniently use while washing clothes on rivers and they made small packing of detergents in order to low their prices and made them affordable for maximum number of population that have low incomes. This was the most successful tool used by the company to avoid the effects of self-reference criterion and recognized the existence of this influence in our behaviors. It is argued that one can never understand deeply each and every aspect of the culture but awareness about major aspects can be obtained, and he should ask bout that he does not know and should be open enough to accept the differences. The global awareness can be used as most effective tool to control the effects of self-reference criterion and ensure the success of an international marketing campaign. The global awareness is described by the Cateora et al as to be: Objective to understand the opportunities in correct manners make correct assessments of organizations potential and design responses to the expected problems. Mostly the western companies attracted towards India due to its huge market of more than one billion population and take it as a good opportunity and market with a lot of potential but they ignore the purchasing power and low income factors of the economy of India, the inefficient media, poor distribution, poor and low standard of infrastructures and many other factors that cause the reduction in potential of this huge markets for many kind of products. Tolerant towards the differences prevail among cultures. It is referred to the understanding of differences prevail among cultures and acceptance of these differences when working in a common working place with those who belongs to different cultural group. As in Romania when some Arab businessmen came to visit the country for opportunities and a local student was attached to them as translator. She spent two week with them to visit the different Romanian cities but she could not adjust herself with their eating habits and showed the behavior of lack of tolerance for other cultures. Knowledgeable of history, cultures, general trends and real potentials of markets. The awareness of culture is very much important if one wants to know the behaviors of some particular market place. The basic element of the environment in which the company is going to start its business is culture of that place and consumer behaviors are very much influenced by this. The history of that place is very much important to understand the behaviors of consumers as past events always have great effects on the way people behave in a particular case. By analyzing the history we can understand why British were not in favor of the channel tunnel between France and Britain and why Turkish products are not liked in Greek. The understanding of market potential is important because they are varying very fast. If we see now we will find many regions of the world that showing increasing potential, many markets have emerging trends and most of the European markets have been saturated. In next twenty y ears the emerging markets from Asia will show huge potentials for future businesses. The understandings of general trends like global political, economical and social trends are very much important because growth process of the market is depend upon these trends. A good marketer will identify the market opportunities before anyone else could know them. Now it is very much clear that the success of marketing firm is very much dependant on its ability to understand the customers and even more like a life blood for firms that are operating at international level. Following are some more examples given by Housden and Lewis to develop more understanding of the concept. In China green color is used to represent the people who sells vegetables so British racing green has no chances to be successful in China. In Brunei the Yellow color is considered as royal color and its public use is not appreciated. In order to show the sorrow of death purple color is used in Mexico. In china number 8 is taken as lucky number and considered as premium number to take as number of cars but number 4 is considered vice versa. The firms operating at international level must be very much conscious about the translations of their slogans, tag lines or brand names etc in local language of that place. If they dont take it seriously it can be very harmful for their marketing campaigns. Hundred of examples can be presented about the improper selection of Brand names and designs that caused failures because of self-referencing criterion. Superpiss that is a Scandinavian dicer it cannot be translated into English properly. Pschitt is lemonade from France and cannot be advertized in Germany as its proper translation is not possible in German. Bimbo bread and Bum Crisps are brands from Spain and their advertisement is not possible in United States as their names are not acceptable there. The slogan of Pepsi Cola Come Alive with Pepsi is not acceptable in china as in Chinese it means Pepsi raises relatives from the dead. In 1966 James Lee accepted the importance of self-reference criterion for marketing firms and provided an approach of four stages in order to mitigate the biases raised by this self-referencing criterion especially in international marketing. In first step the problem is defined on the basis of culture of home country. In second step the problem should be defined again on the basis of culture of the country in which company wants to start operations without involving value judgments. Control the effects of self-referencing criterion on problem definition and analyze the problem. Then problem is redefined without the self-referencing criterion. The importance to understand the effects of self-reference criterion cannot be overlooked by the marketing firm that wants to operate at international level. It can act as life blood for the success of the marketing campaigns designed by the company and their effectiveness is based on the understanding of the campaigns developers about the culture of the host country. Knowledge of sub-cultural groups and Market segmentation The segmentation of the market involves the dividing of entire market into small customers groups who have different type of responses for different marketing strategies for particular service or product. In this way the organization can design the marketing policies according to the particular needs and requirements of each segment in order to have more profitability by more generating favorable responses than by simply applying a single marketing policy for whole market. The market segmentation is mostly done at the level of customers. But in case of international marketing sometimes markets are also segmented on the basis of whole countries by considering the aspects that are common among countries. This type of segmentation is not proved that much successful as countries have great variation in them and it is difficult to take meaningful averages. The most suitable basis that is used to segment the markets is customers and their unique response behaviors or purchasing decisions. Many factors affect the purchasing decisions of customers that are uncontrollable by them but they have indirect or direct influences on the lifestyle of customers. Culture is one of these factors that affect the consumer behaviors. It represents the shared beliefs, behaviors and meanings among the members of a society. Whatever we do is based upon these shared behaviors that are transferred in a society from one member to another. It is a wide concept and has not as much importance for marketers as the groups within the culture or sub-cultures. The subculture is consisting of members who have their own values, beliefs and customs within the society that distinguish them from others in same society. Moreover they also obey the major values, beliefs and behaviors of dominant culture of the whole society. Subculture can be defined as a separate cultural group that prevails in a society as recognizable segment. There can be different types of subcultures prevail in a society like religious subcultures, ethnic subcultures, age subcultures and disabilities subcultures. So the knowledge of subcultures is very much important for marketers while segmenting their markets in smaller groups. Because the goal of all the efforts of marketers are to convince the customers to buy their brands and a very effective tool that is usually used by them to achieve this goal is cultural representations. By using this tool it is believed that when products relates to the cultural values the customers feel more comfortable. The marketers put a lot of efforts to understand the differences and similarities prevail in these sub cultural groups. They design their marketing policies for these cultural groups and try to attract them towards the product by aligning the product with the values and beliefs of their subculture. Although it is difficult to develop effective marketing policy for different subcultures, they must put their efforts to get sufficient knowledge about the similarities and differences among these groups in order to capitalize them. The importance of knowledge of subcultures for marketers while segmenting the markets can be very well understand by discussing the example of a Cigarette manufacturer who wants design the marketing policy for the subcultures groups of United States. The whole market of United States is divided in three sub-cultural groups of African American, Hispanics and Asians. The one big common factor in Hispanics, African Americans and Asians is that they are minorities in the United States. The first ever minority that migrated to United States is African Americans and after great struggle now they are considered as an important sub-cultural group of America because of their strong influence on politics and culture. The Hispanics is the largest minority of United Stated although they could not gain that much influence on American politics and culture as African Americans. This subculture has many similarities like language, food, political views and religion but this is a highly divided subculture. Just like Hispanics, Asians is also a subculture group that is highly divided but they dont have as much similarities as Hispanics has. A big challenge for the companys marketers is to design the marketing policies that best align with the norms and values of these subcultures by indentifying the differences and similarities of these sub-cultural groups. Differences Among subcultures African Americans: African American is most organized and strong sub-cultural group of United States. However they belong to different cultures of Africa but they lived many years under ethnic discrimination and efforts of many years have united them now. Today the presence of African Americans can be seen in Music, Sports and even in Politics with great influence. Now they are considered a strong group of America and they are showing their success not only politically but also by material possessions in the form of jewelry, luxury vehicles and recognition in public. Hispanics: This is a subculture group of United States with high diversities but according to CBS News, 2003 they also have a largest population of minority in United States. They belong to more than 20 different countries and cultures. They are more concerned with religion and families and most of them belong to Catholic thoughts. The number of Hispanics is increasing due to more immigrants every year and they want acceptance in the society as a strong influential group. Asians: The challenges faced by Asian are not different from Hispanics; Asian is even more diversified subculture group because they differ in religion, language, food and even in facial features. The members of this group belongs to the countries of China, Japan, India and Thailand and these all countries differ in languages, eating habits and even in facial features. One common thing that all Asians have who immigrate to United States is that want to achieve a better lifestyle so their more intentions are towards the achievement of success and they are mostly involved in entrepreneurial activities. Marketing Strategies to Target Subcultures The knowledge of sub-cultural groups for marketers has great significance while designing marketing strategies to target these groups. As the African Americans have goals to be most successful individuals the need of the cigarette marketers is to design the strategy that focuses on assigning a sense of uniqueness, class and sophistication for all those customers who will be smoking that cigarette. So the association of the brand with any public and highly successful African American will give a very much positive response for the brand. On other hand the Hispanics more concerned with belongingness and family so the strategy that more focuses on an image of traditions and trust factors will have more positive results. The thing that needs more attentions of marketers is that this group is highly diversified group and differs in status as well. The use of language will also be very much critical towards the success of campaign for this group. In case of Asians this subculture is consid ered as low profile group and strategy that will best suit for this group will be focused on respect of individual identity and traditions. The languages used for this group will more suitable if native language will be used. The success of an effective segmentation and a good marketing strategy is highly based on the knowledge of the marketer about the subcultures prevail in the society. People belongs to different subcultures differ from each others in many terms. They differ in their languages, their ages, their eating habits, beliefs, and even in facial features. So to design a well aligned marketing strategy the marketer should have sufficient knowledge of the sub cultural groups of the society.

Recent Changes in Indian Capital Markets

Recent changes in Indian Capital markets Introduction A capital market is a market for securities (debt or equity), where business enterprises (companies) and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets (e. g. , the money market). The capital market includes the stock market (equity securities) and the bond market (debt).Money markets and capital markets are parts of financial markets. Financial regulators, such as the UK's Financial Services Authority (FSA) or the U. S. Securities and Exchange Commission (SEC), oversee the capital markets in their designated jurisdictions to ensure that investors are protected against fraud, among other duties. Capital markets may be classified as primary markets and secondary markets. In primary markets, new stock or bond issues are sold to investors via a mechanism known as underwriting.In the secondary ma rkets, existing securities are sold and bought among investors or traders, usually on a securities exchange, over-the-counter, or elsewhere. The primary market is the channel for creation of new securities. These securities are issued by public limited companies or by government agencies’ In the primary market, the resources are mobilized either through the public issue or through private placement route. It is a public issue if anybody and everybody can subscribe for it, whereas if the issue is made available to a selected group of persons it is termed as private placement.There are two major types of issuers of securities, the corporate entities who issue mainly debt and equity instruments and the Government (Central as well as State) who issue debt securities. These new securities issued in the primary market are traded in the secondary market. The secondary market enables participants who hold securities to adjust their holdings in response to changes in their assessment of risks and returns. Industry raises finance from the Indian capital market with the help of a number of instruments. Corporate have a choice of : – (1) Equity finance, and 2) Debt finance. Experience in the different countries has varied. Substituting equity finance for debt finance makes domestic firms less vulnerable to fluctuations in earnings or increases in interest rates. During the last decade, more than a third of the increase in net assets of large firms in Chile, South Korea, Malaysia, Mexico, Taiwan and Thailand has been secured through equity issuance. This pattern contrasts sharply with that of the industrial countries, in which equity financing during the same period has accounted for less than 5 percent of the growth in net assets.The recent massive structural reforms on the economic and industry front in the form of de-licensing rupee convertibility, tapping of foreign funds, allowing foreign investors to come to India, have resulted, on one hand, in the qua ntum leap in activities/volume in the Indian capital market, and on the other hand and more importantly, that the Indian capital market has undergone a metamorphosis in terms of institutions, instruments, etc. The capital market in India is rightly termed as an emerging and promising capital market.The buoyancy in the capital market has appeared as a result of increasing industrialization, growing awareness globalization of the capital market, etc. Several financial institutions, financial instruments and financial services have emerged as a result of economic liberalization policy of the Government of India. Future of the capital market In the liberalized economic environment, the capital market is all set to play a highly critical role in the process of economic development.The Indian capital market has to arrange funds to meet the financial needs of both domestic and foreign resources. What is more critical is that the changed environment is characterized by cutthroat competition . Ability of enterprises to mobilize funds at cheap cost will determine their competitiveness vis-a-vis their rivals. Changes in the capital market Four sets of changes in the Indian capital market can be identified which set the market of the twenty-first century different from what obtained earlier.These can be categorized as follows:  »Introduction of new institutions  »Introduction of new instruments  »Changes in administrative control and regulatory framework  »Some recent initiatives Introduction of New Institutions The composition of the Indian capital market has undergone a total change. Till very recent times, Bombay Stock Exchange dominated the capital market in India. The daily turnover on the Bombay Stock Exchange (BSE) alone exceeded the total turnover of all other exchanges put together.The BSE with the monopolistic claw like control over the market was posing a severe constraint on the spread and diversification of the capital market culture. It was content wi th practicing non-transparent time and resource consuming trading practices that failed to evoke confidence among new investors, both in primary and secondary market. Its trading practices were becoming somewhat totally out of tune with the ongoing communication revolution in India and worldwide. In response to this, the most important are the OTCEI and NSE.What is more important is that the NSE has worked as a catalyst of change for other exchanges, which are introducing on-line trading systems. Along with NSE, mutual funds have also emerged in the country. Different types of mutual funds catering to the needs of different types of investors have been set up in the country. The increasing growth of the capital market has witnessed the mergence of foreign institutional investors (FIIs) as significant players. Their sale and purchase decisions are already having a significant impact on the market conditions.Along with these new players, a set of new supporting institutions have also emerged on the horizon such as the Discount and Finance House of India, Securities Trading Corporation of India, Stock Holding Corporation of India, settlement and depository systems, etc. Introduction of New Instruments Capital market instruments are responsible for generating funds for companies, corporations and sometimes national governments. These are used by the investors to make a profit out of their respective markets. There are a number of capital market instruments used for market trade, including – * Stocks Bonds * Debentures * Treasury-bills * Foreign Exchange * Fixed deposits, and others Along with new institutions, new instruments have emerged on the capital market. These encompass both the domestic instruments and foreign instruments. Many new instruments of finance have already been introduced in recent years. Still, the current intensity of the Indian financial market reveals that there is a tremendous scope to deploy new financing instruments connected to eq uity, debentures, bonds, add-on products and derivatives.This may require appropriate changes in certain economic legislations and the will on the part of the Indian corporate enterprises to take risks and tune their decision-making to the investor psychology and market preferences. Changes in Rules and Regulations Responding to the changes in the environment, the administrative framework has also undergone a total overhaul. The earlier chains have been totally removed. The Controller of Capital Issues has been done away with. The Indian capital market has been left free to find its own depth and strength.However, it is a paradox of a free market economy that whenever chains are removed effective watchdogs have to be employed. This latter function has now been entrusted to the Securities and Exchange Board of India. Under the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India (SEBI) was formed as an autonomous body empowered to regulate the stock exchanges, brokers, merchant bankers, mutual funds, underwriters and various other financial advisors and market intermediaries.The two pronged fundamental objectives of SEBI became investor protection and the orderly growth of the Indian Capital Market. The SEBI has been laying down guidelines to be followed by different players in the different segments of the market. Some Recent Initiatives  »Buy-back of shares by corporate has been permitted; this will enable the promoters of Indian companies to consolidate their positions.  »Disclosure of end use of funds raised in public issue in annual statements; it will impart transparency to the manner in which the funds raised from the public are deployed.This will also impose greater accountability on companies.  »One-time waiver of capital gains tax for corporatization of stock broking tickets; this will result in speeding up the pace of professionalization of stock broking operations, which will benefit investors.  »Provi sion of nomination facility in share certificates; this will ease procedures for transfer of shares in the names of the nominee in case of death of the shareholder. In short, the capital market has witnessed metamorphic changes in recent past and is all set to meet the varied needs of the changed liberalized economic environment.Globalization and the Indian capital market With the gradual opening up of the Indian economy, increasing importance of foreign portfolio investment in the Indian markets and drastic reduction in import tariffs that has exposed Indian companies to foreign competition, Indian capital market is acquiring a global image. Till recently, participants in the Indian capital market could largely afford to ignore what happened in other parts of the world. Share prices largely behaved as if the rest of the world just did not exist.At present, in sharp contrast to recent past, Indian capital market responds to all types of external developments, like US bond yields, th e value of the peso or for that matter of any other currency, the political situation in China, or new petrochemical capacity in South Korea, etc. In short, the Indian capital market is on threshold of a new era. Gradual globalization of the market will mean four things, as follows:  »The market will be more sensitive to developments that take place abroad. There will be a power shift as domestic institutions are forced to compete with the FIIs who control the floating stock and are in control of the GDR market.  »Structural issues will come to the fore with a plain message: reform or despair.  »The individual investor in his own interest will refrain from both primary and secondary market; he will be better off investing in mutual funds. Reference http://en. wikipedia. org/wiki/Capital_market http://www. bostonapartments. com/loans/finance/indian-capital-market. html http://www. advancedtrading. com/infrastructure/227500220? pgno=1

Virtual Private Network

Faith, my best friend has been trying to get some online writing job. She found some good websites the only problem was her location; the services could not be offered in her country Kenya. She informed me about it and I just learned about VPN so I advised to use it. So what's a VPN? VPN stands for Virtual Private Networks. It gives you online privacy and anonymity by creating a private network from a public Internet connection. VPNs mask your Internet protocol (IP) address so your online actions are virtually untraceable. Most important, VPN services establish secure and encrypted connections too. How VPN protects your privacy? VPNs essentially create a data tunnel between your local network and an exit node in another location, which could be thousands of miles away, making it seem as if you're in another place. This benefit allows â€Å"online freedom† or the ability to access your favorite apps and websites from anywhere in the world.VPN providers.There are many choices when it comes to VPN providers. There are some VPN providers who offer free service and there are some who charge for VPN service. Paid VPN providers offer robust gateways, proven security, free software and unmatched speed.VPN protocolsThe number of protocols and available security features has grown with time but the most common protocols are:PPTP-PPTP tunnels a point-to-point connection over the GRE protocol.It is strong and can be set up on every major OS but it is not the most secure. L2TP/IPsec- It is more secure than PPTP and offers more features. L2TP/IPsec implements two protocols together to gain the best features of each; L2TP protocol creates a tunnel and IPsec provides a secure channel. This makes an impressively secure package.Open VPN- OpenVPN is an SSL-based VPN that is gaining popularity. SSL is a mature encryption protocol and OpenVPN can run on a single UDP or TCP port.The software used is open source and freely available.That's all for today for more inquiries on VPNs register on my email list for more info.

How Discrete Trial Teaching Works in ABA

How Discrete Trial Teaching Works in ABA Discrete trial training, also known as massed trials, is the basic instructional technique of ABA or Applied Behavior Analysis. It is done one to one with individual students and sessions can last from a few minutes to a couple of hours a day. ABA is based on the pioneering work of B. F. Skinner and developed as an educational technique by O. Ivar Loovas. It has proven to be the most effective and only method of instructing children with autism recommended by the Surgeon General. Discrete trial training involves presenting a stimulus, asking for a response, and rewarding (reinforcing) a response, starting with an approximation of a correct response, and withdrawing prompts or support until the child can give the response correctly. Example Joseph is learning to recognize colors. The teacher/therapist puts three teddy bear counters on the table. The teacher says, Joey, touch the red bear. Joey touches the red bear. The teacher says, Good job, Joey! and tickles him (a reinforcer for Joey). This is a very simplified version of the process. Success requires several different components. Setting Discrete trial training is done one to one. In some ABA clinical settings, therapists sit in small therapy rooms or in carrels. In classrooms, it is often enough for the teacher to place the student across a table with his or her back to the classroom. This, of course, will depend on the student. Young children will need to be reinforced for merely sitting at the table learning to learn skills and the first academic task will be the behaviors that keep them at the table and help them focus, not only sitting but also imitating. (Do this. Now do this! Good job!) Reinforcement Reinforcement is anything that increases the likelihood a behavior will appear again. Reinforcement occurs across a continuum, from very basic, like preferred food to secondary reinforcement, reinforcement that is learned over time. Secondary reinforcement results as a child learns to associate positive outcomes with the teacher, with praise, or with tokens that will be rewarded after accumulating the target number. This should be the goal of any reinforcement plan, since typically developing children and adults often work hard and long for secondary reinforcement, like parental praise, a paycheck at the end of the month, the regard and esteem of peers or their community. A teacher needs to have a full quiver of edible, physical, sensory, and social reinforcers. The best and most powerful reinforcer is the teacher her or himself. When you dish out lots of reinforcement, lots of praise and perhaps a good measure of fun you will find you dont need a lot of rewards and prizes. Reinforcement also needs to be delivered randomly, widening the gap between each reinforcer in what is referred to as a variable schedule. Reinforcement delivered on a regular (say every third probe) is less likely to make the learned behavior permanent. Educational Tasks Successful discrete trial training is based on well designed, measurable IEP goals. Those goals will designate the number of successive successful trials, the correct response (name, indicate, point, etc.) and may, in the case of many children on the spectrum, have progressive benchmarks that go from simple to more complex responses. Example: When presented with pictures of farm animals in a field of four, Rodney will point to the correct animal requested by the teacher 18 out of 20 trials, for 3 consecutive probes. In discrete trial training, the teacher will present four pictures of farm animals and have Rodney point to one of the animals: Rodney, point to the pig. Good Job! Rodney, point to the cow. Good job! Massed or Interspersed Tasks Discrete trials training is also called massed trials, though this is actually a misnomer. Massed trials is when a large number of a single task are repeated in quick succession. In the example above, Rodney would just see pictures of farm animals. The teacher will do massed trials of a single task, and then start massed trials of a second set of tasks. The alternate form of discrete trial training is interspersal of tasks. The teacher or therapist brings several tasks to the table and asks the child to do them alternately. You might ask a child to point to the pig, and then ask the child to touch his nose. Tasks continue to be delivered quickly.

Free Essays on Major Molineux

of Bob Dylan, â€Å" These times, they are changing,† a symbolic message, echoes in the form of a relationship between the self and the world of a reality created by the eyes of the beholder. This reality of perception, manifested by the individual, is constantly evolving through experience, self-enlightenment, and the acquiring of knowledge. The poet and author Nathaniel Hawthorne illustrates these natural truths in the outward appearance of a short story titled â€Å" My Kinsman, Major Molineux.† Within the contents of this tale, a young lad named Robin sets off from his home in the country, on a journey to the little metropolis of a New England colony in search of his uncle Major Molineux. Robin’s intentions are to fulfill a past year’s promise given by his affluent uncle to come and live with him in the city. With a scant amount of wages given to him by his father, and the tattered articles of clothing on his back, this youth optimistically ventures on the road of self-discovery. Through several encounters with the local inhabitance, Robin’s black and white perceptions of the world around him, begin to blend into gray, as he starts to question the very basis of his understanding, stemming from what his uncle had told him just one year earlier. This transition involves the abandoning of the preset notions of adolescence in exchange for the knowledge that one gains through their own experiences. In Robin’s case, these experiences open his eyes to what kind of man ! his uncle really is. Delving further into the inquisition of these natural truths, one must examine their underlying effects on the central characters of the story to understand how the changes of one’s reality are at a constant rate. The character of Major Molineux represents an ego trapped within a self-indulged idealism. He refuses to adaptively change to the world around him, maintaining an out of date mode of thinking. At ... Free Essays on Major Molineux Free Essays on Major Molineux In the immortal words of Bob Dylan, â€Å" These times, they are changing,† a symbolic message, echoes in the form of a relationship between the self and the world of a reality created by the eyes of the beholder. This reality of perception, manifested by the individual, is constantly evolving through experience, self-enlightenment, and the acquiring of knowledge. The poet and author Nathaniel Hawthorne illustrates these natural truths in the outward appearance of a short story titled â€Å" My Kinsman, Major Molineux.† Within the contents of this tale, a young lad named Robin sets off from his home in the country, on a journey to the little metropolis of a New England colony in search of his uncle Major Molineux. Robin’s intentions are to fulfill a past year’s promise given by his affluent uncle to come and live with him in the city. With a scant amount of wages given to him by his father, and the tattered articles of clothing on his back, this youth optimistically ventures on the road of self-discovery. Through several encounters with the local inhabitance, Robin’s black and white perceptions of the world around him, begin to blend into gray, as he starts to question the very basis of his understanding, stemming from what his uncle had told him just one year earlier. This transition involves the abandoning of the preset notions of adolescence in exchange for the knowledge that one gains through their own experiences. In Robin’s case, these experiences open his eyes to what kind of man ! his uncle really is. Delving further into the inquisition of these natural truths, one must examine their underlying effects on the central characters of the story to understand how the changes of one’s reality are at a constant rate. The character of Major Molineux represents an ego trapped within a self-indulged idealism. He refuses to adaptively change to the world around him, maintaining an out of date mode of thinking. At ...

International Trade Unions 1 Assignment Example | Topics and Well Written Essays - 750 words

International Trade Unions 1 - Assignment Example In this scenario ACFTU, the body in charge of trade unions in the country, has no sovereign responsibility. It would continue to be what it is currently: an outside public bureaucracy of the ministry of labor with very little significance in terms of the major issues of export operations in the private economy. Without its own organizational influence, it stays to be subordinate to the Party, disregarded by the employees. Employers are currently in support of powerful ACFTU trade unions because they are opposing the increasing pressure on collective agreements and wages (Merz, 2011). Industrial action in companies is likely to become more intense if the ACFTU trade unions are involved. In terms of resolution of employee grievances, Trade unions in china have continued officially to play the role of representing the interests of the entire working class under the guidance of the Communist Party. Employees in the country are granted the right to freedom of association. However, the rig ht to strike was eliminated from the constitution in 1982. As a result, the international trade union community does not acknowledge Chinese trade unions as ‘genuine’ trade unions, capable of representing members’ interests. ... The handy role of trade unions in the mediation stage is not to represent the employee but to act as a mediator between the employer and the worker and more generally to act as an agent of the employer (Hunter et al., 2008). At the first two stages, judgment is rarely implemented even when the employee wins, and most grievances end up in court. Judicial procedures have become the chief means for the resolution of employee grievances concerning labor issues in china. The axle of the structure is the arbitration process because, while a complainant can evade the mediation stage, one can only proceed with a case to court by appealing against the decision made during the arbitration process. Trade unions oversee the mediation process which occurs within the enterprise; they chair the mediation committee (Eyferth, 2006). The system of mediation as a method of remedying employees’ serious grievances is weak because, while the number of documented cases has risen, there has been a ra pid decline in the number of cases going to mediation (Hunter et al., 2008). Furthermore, the ratio of appeals against mediation decisions has augmented; therefore there has been a fall in the burden of resolution of employees’ grievances on the courts and local arbitration committees. In 1995, ACFTU tried to strengthen the role of trade unions in providing support to workers in legal disputes by issuing a statement on trade unions’ engagement in settlements of employee grievances. This statement stressed that trade unions should offer legal aid to employees and should establish their individual legal outfits to stand for such employees (Eyferth, 2006). The ACFTU put up legal divisions at state,

Community policing Assignment Example | Topics and Well Written Essays - 750 words

Community policing - Assignment Example Community policing does offer an opportunity to improve traditional policing. Police departments are also suffering from cuts in their budgets during the down economy (France, 2009), stretching their resources even thinner than before. Essentially, watch groups put more eyes and ears on the streets. Because community policing is controlled by the citizens, reports of crimes come from the perspective of the residents in the neighborhood and reflect what they view as crime. Such things as mischief and trespassing are sometimes treated with less priority by overloaded police departments, but if residents step up these smaller crimes tend to decline. Watch group participants are not supposed to intervene in crimes and confront criminals; they are supposed to call the police about suspicious activities which they observe. The USA on Watch website (2007) states that the first Neighborhood Watch was formed in North Las Vegas in 1993. Since then, more than 8,000 residents have volunteered to participate in the Neighborhood Watch program, and there are more than 360 official captains. Nicole Dennis, a Crime Prevention Specialist, was the police department coordinator in 2007. She commented, â€Å"What we’ve tried to do over the last several years is modernize the program and empower residents to take a stand for their communities† (para. 3). She also commented on a misperception that people sometimes have of Neighborhood Watch groups: that they are â€Å"nosy neighbors† (para. 4). Through training and education of all the residents, they understand that watch groups are not there to keep on eye on them, but rather to watch out for them. Interviews with two community members revealed that community policing is more important than it may have been in the past. With changes in the economy, people have been moving in and out of neighborhoods, making it more difficult for long-time residents to watch their own neighborhoods. One of the interviewees commented,