FINANCE FOR MANAGERS Term Paper Example | Topics and Well Written Essays - 500 words

FINANCE FOR MANAGERS - Term Paper Example If the 30 year old is a moderate investor, who plans to live longer than the prescribed age of 79-82, they should adopt the new life asset allocation model. The model is based on the calculation that the person subtracts his age from 120.That is, (120-30) meaning that 90% should be allocated to stocks while 10% is allocated to bonds. Simko argues that, this allocation model is best suited for individuals who are health fanatics and plan to live well into their mid-eighties. Recent scientific reports indicate that people are living longer than in previous years. Additionally, stocks have been identified as outperforming money markets (bonds) over the long run. The stocks can be used to cater for the needs of the 30 year old into her retirement years (Simko, 2012). According to Ostbo, for an aggressive investor, the best model is the nothing to lose allocation model, which is based on the assumption that stocks outperform bonds in the long run. It is most suited for individuals who are rich and won’t rely on stocks for survival, or poor individuals who are willing to risk their savings to get high rewards. Additionally, the person should be young and willing and able to invest for a period of 20 years and more (Ostbo, 2013). Personally, I would adopt the new life asset allocation model because it caters for the needs of a person, who plans on living up to 85 years and is a moderate investor. I would therefore allocate 90% to equities and 10% to fixed income (bonds). However, I would not allocate any percentage to real estate due to the recent bursting of the housing market bubble in 2007 and neither would I allocate any percentage to gold and cash because of their volatile nature. I would lose the value of my initial investments by investing in

The Journals of Susanna Moodie Essay Example for Free

The Journals of Susanna Moodie Essay One of the finest collections of poetry known is The Journals of Susanna Moodie, reiterating several poems contoured to environmental factors. Most of the poems are interconnected and weaves a cumulative effect on the reader. Of course, the cohesiveness comes from one persona, which is Susanna Moodie. Significantly, this book utters a woman’s growth and development into another land where light, darkness, trees, and fire form an important story in Moodie’s life. For instance is Moodie’s transformation in a foreign land, translated by light protruding into darkness. Sensibility on Moodie’s part will enhance the captivity of making such values on the environmental influences during and after her migration (Bilan, 2007). In this book, Atwood emphasizes the lack of connection a person has with a specific land. The â€Å"light† specified in the character of Moodie derives an inner margin between the land and the protagonist. The first of the three journals conveys the initialized entrance of Moodie unto a foreign space. It is described that Moodie sees herself as a light shedding to rocks. It seems that she already knew herself as a foreign character. Seen in this book, is the addressed change through acceptance and eventual exploration of greater self. Susanna Moodie is the protagonist, where she lives in the period of the 19th century, as an English immigrant to Upper Canada. This book is composed of eighteen poems under three journals. The first journal entails Moodie’s journey across the Atlantic and up the St. Lawrence where her departure becomes a difficult undertaking. Her migration has caused several deaths among her children. Following this event is her husband’s work as sheriff in Belleville. In the second journal, Mrs. Moodie experiences the haunting of the difficulties she had known in her past, which eventually links to what she has become in the third journal, a haunting ghost (Hammill, 2003). The Planters This poem sees how their adaptation comes in the unknown land. In the first stanza saying, â€Å"They move between the jagged edge Of the forest and the jagged river On a stumpy patch of cleared land. † (Atwood 16) Clearly, the stanza reiterates the difficulty of migration. Somehow, there is a description of their origin, â€Å"jagged† meaning diverse or interchanging life. On the next verse, ‘stumpy patch of cleared land,’ the characterization of the foreign land looked civilized to her or quiet. This description may also mean silence, where there is no one to cling to because of adapting to a new culture. The next stanza focuses on her husband’s and other neighbor’s status on their quest. Identified by describing how they foster their imminent work in the fields, she describes their hard adjustment through exploration uttering, â€Å"my husband, a neighbor, and another man Weeding the few rows Of string beans and dusty potatoes They bend, straighten; the sun Lights up their faces and hands, candles Flickering in the wind against the† (Atwood 16) It seems as though their work is very hard. Mrs. Moodie knows that their migration costs a lot than it should and the primary factor beaming is their culture. She also sees that their experience is similar to what other persons like them endure. The sun emphasized are the superiors, she sees her husband and the other who work as only candles, â€Å"flickering† or unsure of what they are doing. In addition, the instability portrayed may come from the sense of viewing their upholding traditions or what they are used to. Connected to this proposition is still the diffidence they feel on a foreign land. As said in the following, â€Å"unbright earth. I see them; I know None of them believe they are here. They deny the ground they stand on. † (Atwood 16) Their uncertainty dictates their actions. Moodie knows the unpleasant fact of their migration. Hence, the acceptance should be obscure rather than clarified. In a sense, the viewed party is undermined not by the consequences but of experiences they reach. She accepts yet another hurtful fact of their stay in that cleared land, as she utters of their future troubled but coping, to the unknown world. â€Å"pretend the dirt is future. And they are right. If they let go Of that illusion solid to them as a shovel,† (Atwood 17) Uttering these words would mean of the unpleasant pursuit dictated by their present status. Dirt would mean the strange, unacceptable, and unworthy but still, they have to and need to approve of it as part of their lives. She accepts it, spoiled and impaired. She acknowledges that if they try to accept that fact, stated as â€Å"solid to them as a shovel,† they are doomed. Finally, she identifies of the unknown world vehemently depraved of freedom, stating, â€Å"open their eyes for a moment To these trees, to this particular sun They would be surrounded, stormed, and broken In upon by branches, roots, tendrils, the dark side of light As I am. † (Atwood 17). Mrs. Moodies know of her position. She knows that similarly, other people superior to them determine her fate. Her understanding of that freedom, when persevered to the highest will result to a much bigger problem. She describes it by trees, its members, that they are the darker side of light. Generally, Mrs. Moodie experiences alienation from the verge of Victorian era. Her perception is more complex than any other is, more than her husband and those having similar fate. The separation of dark and light begins to break down unto her senses. Paths and Thingscape Explained in this entry is the attempt of Mrs. Moodie to take course of assimilation, though she is unsure of what she is doing. She wants this to happen, as she ventures into a new world. In these words, she starts to wander of other person’s embrace of the new world, asserting, â€Å"Those who went ahead Of us in the forest Bent the early trees So that they grew the signals: The trail was not among the trees but the trees† (Atwood 20) Again, she sees superiority over those who went ahead of her. She becomes the observer of the future unfolds of to the people comparable to her status. However, she dreams of awakening herself and accepting what these trees offer. She expresses what others dream of, extolling of the detriments, â€Å"and there are some, who have dreams Of birds flying into shapes Of letters; the sky’s codes; And dream also The significance of numbers (count petals of certain flowers). (20) The endowment of certain plans to make their future pleasant upholds her wishes of a better future. It supports her adaptation to the new land. Even though it proclaims of an uncertain trail held by people superior to them, still, she manifests of her justifications as correct. Guided by uncertainty and mere courage she advances into a more treacherous state of adjusting, she exalts of her undertakings, â€Å"In the morning I advance Through the doorway: the sun On the bark, the inter- twisted branches, here a blue movement in the leaves, dispersed Calls/no trails; rocks And grey tufts of moss† (Atwood 20) Her endeavor of finally settling to new pastures becomes wide and unsurpassed. She feels more comfortable of telling her spiritual bereavement over many things. More importantly, she endures of freedom like any body else and cannot commit herself to dependence. However, she feels insecurity of what is hiding unto the depths of the new world. She picks up the obligatory impression parallel with the others who dreamt of liberation. She exclaims of her concerns, â€Å"The petals of the fire- Weed fall where they fall I am watched like an invader Who knows hostility but not where The day shrinks back from me† (Atwood 21) Her definition inclines a surety of purposeful downfall after an undertaking. She exceeds advancement but treats it as a threat and not a triumph. Her overwhelmed quest modifies the true picture of the superiority over her and excludes courageous acts. However, this comprehensive characterization of Mrs. Moodie’s opinions may be false, as some elements may prove supportive of what she plans or does. The transformation possible ends in a negative opinion rather than a separate entity. What she does not conceptualize is the harmonious feeling of the subjective entities around her. Even though this is partially correct, she gratifies each vision as complete though it is not.

The Basic Theory Of The Arbitrage Pricing Theory Finance Essay

The Basic Theory Of The Arbitrage Pricing Theory Finance Essay The Arbitrage Pricing Theory is an asset pricing theory that is derived from a factor model, using diversification and arbitrage arguments. The theory describes the relationship between expected returns on securities, given that there are no opportunities to create wealth through risk-free arbitrage investments. APT is one of the most influential theories in the stock pricing which is initiated by the economist Stephen Ross in 1976. It predicts there is a linear relationship between expected return and risk which can be linked by SML. APT suggests that the assets return to investors could be influenced by many independent macro-economic variables. It does not require the existence of true market portfolio and demand less restrictive assumptions compare the other asset pricing model such as the CAPM. Arbitrage arises if an investor can construct a zero investment portfolio with a sure profit. APT relies on three propositions: (i) the security returns can be described by a factor model (ii) idiosyncratic risk can be diversified away (iii) arbitrage opportunities are eventually diversified away. Since no investment is required, investors can create large position to secure large level of profit. However, profitable arbitrage opportunities disappear in efficient markets. The APT formula is as following: E(Ri) = Rf + b1*(E(R1) Rf) + b2*(E(R2) Rf) + K+ bn*(E(Rn) Rf) Rf = Risk free interest rate bi = Sensitivity of the asset to factor i E(Ri) Rf) = Risk premium associated with factor i where i = 1, 2,n Multi-factor model and many relevant researches to basic financial factor has developed since Ross (1976) raised the arbitrage pricing theory, such as the three factor model of Fama and French (1993). Fama and French (1993) continues the research method of Fama and Macbeth (1993)Aand conclude that the APT has explain better the return of the stock than the CAPM . Fama and French (1996) argue that the CAPM does not explain the patterns such as size, book-to-market equity, earnings/price etc. in average return on common stock. And these anomalies are captured by the three factor model of Fama and French (1993). The three factor model is as following which indicates that the three factors, (Rm ? Rf), SMB and HML are used to explain the returns of stocks : SMB = Small Minus Big; returns on small stocks in excess of returns on large stocks HML = High Minus Low; returns of stocks with high BTM ratio in excess of returns on low book-to-market ratio According to the equation above, Fama and French (1993) states that the pattern in the HML slopes does not predict the continuation but the reversal for future returns. Therefore, the continuation of short-term returns documented by Jegadeesh and Titman (1993) is left unexplained by the three Vfactor model (Fama and French). The three-factor model in the above equation captures much of the cross-sectional variation in average stock with the reversal of long term returns documented by DeBondt and Thaler. The results of the empirical tests were taken by Fama French]1996^are consistent with APT asset pricing. Fama and French argue that it is an equilibrium pricing model, a three-factor version of APT (Ross 1976) due to the empirical successes. Fama and French (1996) conclude that the three-factor model is a good model although it does not explain the expected return on all securities and portfolios. But it captures the anomalies on the portfolios formed on size and book Vto market equity, earnings/price etc. On the other hand, Roll and Ross (1995) conclude that The APT approach to the portfolio strategy decision involves choosing the desirable degree exposure to the fundamental economic risks that influence both asset returns and organizations. Roll and Ross (1995) states that APT can be adapted to special situation comparing to many traditional approaches because of its flexibility and it will be well-suited to the management of huge amount of funds. Later on, Chen, Roll and Ross (1986) examined the validity of the APT in the US stock markets. The test is based on the APT and suggests the multi-factor model .Chen, Roll and Ross (1986) found that the set of macroeconomic variables including: industrial production, changes in the risk premium, twists in the yield curve etc. are found to be significant in explaining the expected stock returns. The result of their research is consistent with the APT (Ross 1976) which implies that APT is valid. They believe that the multi-factor of APT captu res more risk factors and explains better of the asset returns, therefore, it is more useful than the CAPM. In conclusion, Arbitrage pricing theory (APT) is a valuation model as it does not required the existence of true market portfolio and fewer assumption is used which is more rational comparing to the CAPM. APT relates the individual asset price to the variety of unanticipated events driving it rather than rely on the measuring of the market performance. Beenstock and Chan (1986) found that the multi-factor APT has a better explanation than the single factor CAPM in the UK stock market through the Non-Nested Test. Also, Fama and French (1996), Chen, Roll and Ross (1986) have consistent results with the APT and therefore support APT over CAPM. However, there still many ambiguities hide in the model. Shanken (1982) challenge to testability of the APT as theory has been silent about which economic state variables are likely to influence all assets and there is a complete ignorance to the identity of the relevant factors that explains different returns. Also, the economic variables are not yet determined that which are responsible to the asset prices. Reinganum (1981) found that his results are inconsistent with the APT and according to the Roll and Rosss study, they conclude that although the evidence generally support the APT, acknowledged that their empirical tests were inconclusive. Therefore, due to the complexity of and dubiosities of the APT, companies choose to apply the CAPM instead. In view of this, more researches and improvements should be made to the APT in order to increase the usefulness of it. BibliographyG Beenstock, M. and Chan, K. 1986, Testing the Arbitrage Pricing Theory in the United Kingdom, Oxford Bulletin of Economics and Statistics, Vol. 48, No 2, pp.121-141. Eugene F. Fama and Macbeth, J, 1973, Risk Return and Equilibrium: Some Empirical Tests, The Journal of Political Economy, Vol.8, pp.607- 636 Eugene F. Fama and Kenneth R. French, 1992, The cross-section of expected stock returns, The Journal of Finance Vol.47, pp.427-465 Eugene F. Fama, and Kenneth R. French, 1993, Common Risk Factors in the Returns on Stocks and Bonds, The Journal of Financial Economics, Vol.33, pp.3-56 Eugene F. Fama, and Kenneth R. French, 1996, Multifactor Explanations of Asset Pricing Anomalies, The Journal of Finance, Vol. 51, (Mar.,1996), pp.55-84 Nai-Fu Chen; Richard Roll; Stephen A. Ross, 1986, Economic Forces and the Stock Market, The Journal of Business, Vol. 59, No 3 (Jul., 1986), pp.383-403. Reinganum, Marc, 1981, The Arbitrage Pricing Theory: Some Empirical Results, The Journal of Finance, Vol.36, No.2, (May,1981), pp.313-321. Richard Roll and Stephen A. Ross, 1995, The Arbitrage Pricing Theory Approach to Strategic Portfolio Planning, The Financial Analysts Journal, January-February 1995. Shanken, Jay, 1982, The Arbitrage Pricing Theory: Is It Testable, The Journal of Finance, Vol.37, pp.1129V1140. Stephen A. Ross, 1976, The arbitrage theory of capital asset pricing, The Journal of Economic Theory, Vol.13, pp341-360. Zvi Bodie, Alex Kane, Alan J.Marcus, 2009, Chapter 10, Arbitriage pricing theory and multifactor models of risk and return, Investment

Purpose of Education Statement :: Philosophy of Education Teaching Teachers Essays

Purpose of Education Statement The educational system in America serves many purposes, all of which are important in their own ways. Historically, education has served as both a building block and a cornerstone of our society, providing both childcare for working adults and a station for administering formal learning. Within the overall purpose of the educational system there lie different questions that must be answered in order to compile a formulaic and comprehensive rationale for the American educational system. These questions involve the structure of the system – why do we start at age 6 and end at age 18? What is involved in the education of youth? And why do we do it? The structure of the American education system is historically rooted in the farming system. It has remained as it is because of culture and tradition, but is also seeing a recent shift towards home schooling. I believe that this shift is a result of the surge of corporations allowing their employees to work at home – a direct result of technological advances in communications that have recently developed. With parents working at home, they are able to home school their children at the same time. Despite this increase in home schooling, however, the majority of the workforce must go out of the home. Public and private school systems, then, serve as childcare for parents who must work, which is the majority of the population. I believe that schooling begins at age 6 (approximately) and ends at age 18 (approximately) because at age 6, children are mature enough to be away from their mothers and fathers and participate in a structured learning and social environment. By the time that high school is over, students are normally 18 years old. I believe that the reason that school now ends at this age is because at this point in someone’s life, they are legally able to make their own life decisions and are (normally) mature enough to do the same. Now as to why we educate – what is the purpose? I believe that the purpose of education is to keep America as a competitive world power.

Coastal Management Report: Collaroy Beach Essay

The Issue Coastal management is the dealings surrounding the management of development along the coastline with sustainability- being able to meet the needs of future generalizations while capitalizing the use of desired areas of the coasts for residential and commercial purposes. My written report on coastal management will revolve around the main issue explored in our field trip which is the gradual erosion of the foredune on Collaroy beach, and its effects on stakeholders (incl. residents, developers, specialist groups). This report will also include the decision making processes considered by the management (both local and state), as well as the descriptions of their actions/strategies, and thus the results of their policies. The LocationOur site of interest, Collaroy beach is located in the suburbs of Northern Sydney, in the state of New South Wales, Australia. Collaroy is part of the local government area of Warringah Council and part of the Northern Beaches region. Collaroy is well known for its excellent surf beach which joins with Narrabeen Beach in the north and Long Reef and Dee Why Beach in the south. Also in close proximity is the Dee Why Lagoon as well as the Long Reef Head. Collaroy beach is the most highly capitalized shoreline in the Warringah local government area, featuring beachfront houses and apartments built on the edge of the sand including the famous Flight Deck Apartments. Geographical ProcessCoastal erosion is the loss of land along the shoreline due to the natural removal of beach and dune material in response to changing wave and water conditions. Buildings and facilities located within the ‘active’ beach system, or areas subject to coastal erosion can be undermined and may even collapse. Approximately 60 percent of the NSW open coastline is characterised by sandy beaches. These beaches are dynamic environments undergoing continual cycles  of erosion and accretion in response to the action of tides, wind and waves. In many places, existing foreshore development has been built within the ‘active’ beach system and is at risk from coastal erosion. The extent of beach erosion during a particular storm event depends upon a variety of factors that include:†¢The wave conditions and elevated water levels generated by the stormThe most prominent of these processes involves waves and the currents that they generate, along with tides Waves are generated by wind blowing over a body of water and are ultimately responsible for the construction and erosion, as well as transportation of beach sediments. Waves are classified into two groups: swell waves or sea waves. The incoming tide of a wave is called a swash while the outgoing tide is called a backwash. Swell waves are more powerful and cause erosion, whereas sea waves are less violent and encourage deposition. Large swell waves are usually accompanied by a storm, and the swell may become big enough to be classified as a ‘king tide’. A king tide’ arrives at Narrabeen-Collaroy Beach once or twice annual and has a devastating effect on the beach, eroding the beach until a near vertical erosion scarp is exposed. The sand than is deposited offshore to form a sand bar. Immediately following coastal erosion events on sand beaches, a near vertical erosion scarp of substantial height can be left. If buildings are located close to the vertical erosion scarp, they may be at-risk of structural damage. Instability of the escarpment may pose a hazard to beach users following storms with recorded instances of children and beach users buried by the collapsing sand face. †¢The presence of rip cellsA rip cell is a area with a strong surface flow of water returning seaward from near the shore). It is often called a â€Å"rip tide† However along with water returning seaward, much of the beach sediments are eroded as well helping to hasten the process of erosion. †¢The condition of the beachThe condition of the beach is also a factor in the severity of the erosion. The condition of the beach is determined by the amount of erosion that has occurred on the beach at that state of time. One indicator of condition is the identification of the beach profile. A beach which possesses a relatively large amounts of sand in the incipient dune, as well the stability of the fore dune, are in a pre-storm form. A beach that has been recently eroded by a storm has a storm profile. The features of a storm profile are the erosion of incipient dune and the exposure of the near vertical erosion scarp, near the fore dune of the beach, as well as a large offshore bar. This beach would therefore have a storm profile. A beach in which the sea waves have gradually restored the sand to the incipient dune from the sandbar, as well a stable fore-dune are the tell-tell signs of a post-stormprofile. A beach which is in better conditions is more suited to fight sand erosion, while a ‘second wind’ of a storm after the beach being in a storm profile could be devastating for the beach. †¢The condition of dune vegetation which can influence the volume of sand in the dunes which help to buffer the effects of storm erosionStable sand dunes play an important part in protecting the coastline. They act as a buffer against wave damage during storms, protecting the land behind from salt-water intrusion. This sand barrier allows the development of more complex plant communities in areas protected from salt-water inundation, sea spray and strong winds. The dunes also act as a reservoir of sand, to replenish and maintain the beach at times of erosion. When people build homes or resorts on beaches, the buildings interrupt this natural process because the sand that is usually taken by storms is removed so that humans may build. In the diagram below the red line shows the extent of the danger zone. Key Interest GroupsThe key interest groups involved with the issue of the erosion of Collaroy include groups such as Sydney Coastal Councils Groups, which have criticize the non-actions of the Warringah Council to set up a plan in the long term, instead focusing on short term relief such as sand replenishment, which SSCG deems as unsustainable in the long run. However,  SSCG may be the only interest group targeting the issue. However when it was announced that the sea wall was planned for construction two tother peer groups, Surf rider Foundation Club, as well as the local Collaroy Surf Club joined in action to stop the construction of the seawall. Decision Making ProcessTo find a solution for the erosion of Collaroy Beach was a complicated process involving decision making and assistance in many levels. The NSW and Commonwealth government provided assistance to Warringah Council by providing material to help it construct an effective Management Strategy. Material included in this state and commonwealth package Included 1990 the NSW Government released its Coastline Management Manual, a guideline to help local council’s development, Coastal management plan by them. It also provided Commonwealth inquires such as reported on’ The Injured Coastline’ and’ The Coastal Zone Inquiry’. In 1993 the Warringah Council set up the Warringah Coastal Committee which has various stakeholders as members including: a WC councillor, A NSW Govt Rep, a Surfrider Rep, a SLSC Rep, Beachfront and other Local residents. This diversity in the committee instead of just containing members of the council helped to foster unbiased views on the opinions of the stakeholders as well increase the community involvement which helps to better serve the purpose of the community, making the ideas of the community in which is ultimately the council’s purpose anyway. The Committee meets once every two months to advice Council on the next action to stop the erosion. In August 1997 the Collaroy/Narrabeen Coastal Management Plan was adopted. Throughout this process and before any major strategies are implemented the public are invited to comment and provide community feedback. However there have been criticisms of the committee as consensus-based Coastline Management Plan was pursued by Council but not achieved, with strong differences of opinion emerging within the community, and between the Warringah Coastal Management Committee and CouncilManagement Actions and Strategies (and Consequences) There have been many different  management strategies that could have been implemented to protect from or at least slow down the effects of erosion, enough to guarantee the safety of the dwelling. Preliminary studies reviled that the existing rock seawalls are not strong enough to withstand a major storm. There are two long term solutions to this issue. They are voluntary purchase of high risk dwellings, and the protection of the beach through the building of a seawall or an artificial surf reef. The community is split between those strategies for tackling the erosion problemA temporary solution involve minor to moderate sand nourishment, which are used in conjunction with either of these actions. The sand comes from the mouths of the Dee Why and Narrabeen Lagoons. The management strategy of repurchasing high risk single homes has been a popular strategy amongst those whom want to protect and enhanced the recreational amenity of the beach. This method was successful back in 1945 when the council bought back 7 houses that were damaged by the storm. However in recent years, the price of beachside property skyrocketed with high demand, and the strategy is currently not economically feasible at this point in time. With an average home in 2005 located on the fore dune of Collaroy Beach coasting a whopping 2.7 million- the plan is estimated to cost more than 100 million dollars. Even though the state government is willing to match the contributions the state government made, this strategy if implemented could take anywhere between 50 to 100 years to purchase every single home that is in the high risk zone. The alternative strategy is to develop a seawall on the beach to protect the property located on the fore dune. The sea wall would be approximately 1 km long and will be sufficient to protect the fore dune from collapsing. However the cost of the sea wall cheap in comparison to the ‘repurchase’ strategy costs approximately 11 million dollars to build. In addition, the council expects at least 40% of the 11 million to be paid by the owners of the units, making it an unattractive deal for the residents. The seawall is also not environmentally friendly either. It is known for speeding up the process of erosion, as the energy of the storm waves is not absorbed but reflected, meaning the backwash will be stronger, and eventually the shore profile will retreat, removing what’s left of the beach. However this idea  also seems to be out of reach, as after the successful â€Å"Line in the Sand† community protest in November 2002, the council voted 4 months later not to proceed with the sea wall option. So with the ‘repurchase’ strategy unlikely, and the seawall not likely to be built, how is the council going to solve the problem. Right now, the plan is to get by on minor beach nourishment from the mouth of Narrabeen and Dee Why Lagoons for now, while the council investigates new strategies, with the help of newly implemented coastal imaging cameras on top of Flight Deck. One of the new strategies being investigated includes an artificial surfing reef, which is basically a seawall underneath the water to amplify the surf. Acting like a ramp, it pushes waves upwards which increases their size and shapes them into waves you can surf. This also reduces the impact of the swell waves, reducing the rate of erosion. However, this technology is quite new and it is debateable in its affectivity, but the results are promising, and it is also drastically cheaper than the original strategies, making it a viable solution for the ongoing problem in a number of years time. (The diagram below shows an artificial surf reef) www.examplessays.com www.coastalmananagment.com www.megaessays.com

Domestic Violence Assessment Report Social Work Essay Example

Domestic Violence Assessment Report Social Work Essay Example Domestic Violence Assessment Report Social Work Essay Domestic Violence Assessment Report Social Work Essay Mrs. Chan has been married to Mr. Chan for more than 20 old ages. Her hubby is a food market shop proprietor and he is really busy with his concern. Every month, Mr. Chan gives her adequate money to back up the household. They have two kids, a 11-year-old boy and a girl of 8 old ages old. Genogram Showing jobs The client came to confer with the declining father-son relationship and her boy s behavioural jobs. She perceived it as a consequence of witnessing bridal force that she had been enduring for several months. She said her hubby had a bad pique, demoing no attention or regard to her and he frequently beat her in forepart of the kids after rummy. She remained tolerate and silent until the battery shifted to life endangering danger late. Worker s perceptual experience of the jobs Harmonizing to what Mrs. Chan has said and worker s observation, there are three chief jobs in the household as listed below. Spousal Violence Mrs. Chan has been enduring from her hubby s choleric pique and violent Acts of the Apostless over a long clip. The domestic force caused dangerous injuries to the client both physically and mentally. Empirical grounds shows that after physical maltreatment, the effects of psychological maltreatment can be even more detrimental. Women subsisters of domestic force have greater possibility to demo Post Traumatic Stress Disorder symptoms, along with dissociation, depression, anxiousness and terror, with lowered self-esteem and self-efficacy, and low quality of life. The Son s behavioural job The two kids have been exposed to their male parent s opprobrious behaviour to their female parent. Witnessing a violent event, peculiarly one affecting parents, is likely to ensue in kids s serious accommodation and behavioural jobs. Witnessing is a stressor comparable in impact to the direct experience of a violent act. The symptom becomes stronger when the force is 1 ) long permanent, 2 ) human designed,3 ) in which the attacker and victim are close to them. Child are likely to bring forth PTSD reactions such as backdown, aggression and trouble in concentration after exposure to force. Thus school public presentation of the boy deteriorated and his pique worsened. He went so far as to conceal some arms to assail his male parent in instance to protect Mrs. Chan. Family Relationss Family is a particular societal system which performs certain maps and certain duties. It performs the indispensable map of go toing to the societal and educational demands, wellness and wellbeing, and common attention of its members. The Chan s household is in a dysfunctional position. Missing communications in both spousal and parental relationships leads to blockings in giving attentions, meeting demands, establishing maps and executing duties. Mr. Chan is busy on concern every twenty-four hours and the whole household rarely have activities together. A nerve-racking household environment under force restrains looks of feelings. Besides, kids who witnessed domestic force ever face a job of trueness. Choosing either side to back up will convey jobs in household dealingss necessarily. These three jobs are non separated from each other. Alternatively, they are someway in causal relationships. Spousal force caused kids s behavioural jobs and hapless household interactions, so in the intercession procedure, we have to turn to the jobs one by one harmonizing to this order. Intervention stage In order to acquire the household back to operation, we devised an intercession program for the above-named jobs based on informed consent to the client and ethic codifications of societal worker. Aims Short-run aims: To maintain the safety of Mrs. Chan and her kids To measure and to retrieve the injury of Mrs. Chan and her kids To quash Mr. Chan s aggressive behaviour and excite his motivation to alter Long-run aims To forestall any physical and mental maltreatment in the household To better parenting accomplishments To reconstruct the communicating and to advance harmonious and healthy relationship in the household Scheme and principles PTSD Assessment The Keane MMPI ( MMPI2 ) -PTSD Scale As Mrs. Chan has been enduring from intimate spouse force for several months, the effects of the maltreatment on her should be detected by scientific methods. The Keane MMPI PTSD Scale has proven to be a dependable and valid step of PTSD in beat-up adult females. If any symptoms are discovered, the worker would mention Mrs. Chan to professional healer for farther intervention. Fiscal Assistance and Group preparation Due to economic independency and isolation, the victim has really small money of her ain and few people on whom she can trust when seeking aid, so the worker would help Mrs. Chan to use for some fiscal aid like CSSA. In add-on, she lacks specialised accomplishments, instruction, assurance, self-esteem, self-efficacy. Not anticipating any agencies of supports could worsen her sense of hopelessness, weakness and hence depression. Therefore, preparations are necessary to assist her discovery paid employment to back up herself every bit good as her kids. Group developing like horticulture, handcrafting, cooking etc. can non merely equip her with some basic professional accomplishments but besides provide her with more interpersonal web and societal support. Additions in self-pride are due to the chances for societal interaction, creativeness and self-expression ( Parker, 2004 ) . Solution-focused intervention There are a batch of theories to explicate why persons get violent behaviours in intimate relationships. The societal acquisition theory suggests that the wrongdoers learn by sing or witnessing force and intergenerational transmittal of force exists in domestic force. Others focused on abnormal psychology and personality features. Biological and physiological factors can besides assist to bring forth force. Substance maltreatment such as intoxicant and drug ingestion may besides account the state of affairs in some manner. However, every bit far as we know at the minute, we can non state the ground why Mr. Chan beats his married woman. The lone thing we are certain for the minute is that Mr. Chan should do a alteration to halt the opprobrious Acts of the Apostless and reconstruct the household operation. The solution-focused intervention deemphasizes jobs and emphasizes the building of solutions. Rather than inquiring the wrongdoer to be responsible for the job, the intervention requests the wrongdoer to be accountable for solutions. The twosome have been married for 20 old ages and Mr. Chan has ever been difficult working on concern to back up the household. Out of this love, plus the worker s stimulation and counsel, Mr. Chan is expected to determine motivations, set meaningful ends to extinguish force and develop new behaviour to work out the jobs step by measure. Assessment interview, single, twosome and household solution-talks and offender group developing workshops will be carried out with the furthering of the intercession. Harmonizing to the self-changing procedure theory, there are five phases in the procedure of an person s alteration pre-contemplation, contemplation, finding, action and care, while backsliding is likely to happen at all phases. Therefore, the procedure would take a long clip and it needs worker s forbearance and encouragement wholly along. Art therapy In the Chan s instance, the boy has likely shown some mild symptoms of PTSD. Without intercession, it will take to impossible effects. The miss s status should besides be followed up although there is still no obvious symptom on her. Sing the age of the two kids, the worker would follow art therapy in the intercession. Children shows greater decrease in PTSD symptoms through originative look such as drawing, picture, drama, or storytelling. We plan to utilize this attack to help kids to place and alter destructive belief forms, identify and express emotional residue, exercise personal control, make programs for future and interrupt down the sense of isolation. Family Gathering Interactions and communications are indispensable to household operation. The worker suggests Mr. and Mrs. Chan form more household activities that can affect the whole household to advance the household relationship. Harmonizing to parent-child interaction therapy, such activities can modify manners between the parent and kid, diminish kid behaviour jobs and advance positive parenting. Furthermore, household assemblages can give Mr. Chan a opportunity to cognize how his married woman takes attention of the kids every twenty-four hours, which can advance love and esteem between the twosome. It is hoped that these activities can be held at least one time per hebdomad.

5 Tips for Writing a Great UPenn Essay

5 Tips for Writing a Great UPenn Essay SAT / ACT Prep Online Guides and Tips The University of Pennsylvania requires all first year applicants to submit a personal essay as well as a Penn-specific essay. If you’re hoping to be one of the 8% of students admitted to Penn every year, your UPenn essay is an important part of your application. You’ll need to make sure your essays are strong to increase your chances of admission. In this article, we’ll go over the UPenn essay logistics - covering exactly what you need to write for each college you’re applying to at UPenn. Then, we’ll break down each prompt, offering suggestions for what to write about. Finally, we’ll give tips on how to write an amazing UPenn essay that’ll help you get into your dream school. What Are the UPenn Essay Prompts? If you’re applying to UPenn, you must submit your application to one of UPenn’s four undergraduate schools. Depending on which undergraduate program you’re applying to, you’ll need to answer the UPenn specific statement as well an additional essay for that school. The UPenn specific essay is a traditional â€Å"Why UPenn† essay that asks you to elaborate on why you want to attend UPenn as well as what you hope to study at the undergraduate school you’re applying to. Here’s that prompt: How will you explore your intellectual and academic interests at the University of Pennsylvania? Please answer this question given the specific undergraduate school to which you are applying. (400-650 words) *Students applying to Digital Media Design and Computer Cognitive Science should address both the specialized program and single-degree choice in their response. For students applying to the other coordinated dual-degree and specialized programs, please answer this question in regard to your single-degree school choice; your interest in the coordinated dual-degree or specialized program may be addressed through the program-specific essay. Depending on the undergraduate program you’re applying to, you may have to write an additional essay as part of your application. Here are those additional essay prompts and the program for which they apply: The Huntsman Program in International Studies and Business: Discuss a current international issue, which demonstrates how international affairs and business intersect and explain how the Huntsman curriculum might assist to resolve the issue. (500 words maximum) The Roy and Diana Vagelos Program in Life Science and Management: LSM seeks students who are enthusiastic about combining science with management. What excites you about this combination? What kind of benefits could training in both disciplines bring? Be as specific and original as possible in addressing these questions. (400-650 words) The Jerome Fisher Program in Management and Technology: Please complete both prompts. Question 1: Identify a disruptive technology, one that many consider could drive truly massive economic and societal transformations in the coming years. Argue why the technology may not be as successful as observers think and suggest ways to address the concerns. (400-650 words) Question 2: Describe a problem that you solved that showed leadership and creativity. (250 words maximum) The Rejendra and Neera Singh Program in Networked and Social Systems Engineering: Describe your interests in modern networked information systems and technologies, such as the internet, and their impact on society, whether in terms of economics, communication, or the creation of beneficial content for society. Feel free to draw on examples from your own experiences as a user, developer, or student of technology. (400-650 words) Nursing and Healthcare Management: Discuss your interest in nursing and health care management. How might Penn's coordinated dual-degree program in nursing and business help you meet your goals? (400-650 words) Seven-Year Bio-Dental Program: Please list pre-dental or pre-medical experience. This experience can include but is not limited to observation in a private practice, dental clinic, or hospital setting; dental assisting; dental laboratory work; dental or medical research, etc. Please include time allotted to each activity, dates of attendance, location, and description of your experience. If you do not have any pre-dental or pre-medical experience, please indicate what you have done that led you to your decision to enter dentistry. List any activities which demonstrate your ability to work with your hands. What activities have you performed that demonstrate your ability to work cooperatively with people? Please explain your reasons for selecting a career in dentistry. Please include what interests you the most in dentistry as well as what interests you the least. Do you have relatives who are dentists or are in dental school? If so, indicate the name of each relative, his/her relationship to you, the school attended, and the dates attended. The Roy and Diana Vagelos Integrated Program in Energy Research: Describe your interests in energy science and technology drawing on your previous academic, research, and extracurricular experiences that allow you to appreciate the scientific or engineering challenges related to energy and sustainability. If you have previous experience with research, describe your research project (outlining the goals, hypotheses, approach, results, and conclusions). Describe how your experiences have shaped your research and interests, and identify how the VIPER program will help you achieve your goals. Also, please indicate which VIPER majors in both science and engineering are most interesting to you at this time. (400-650 words) UPenn Essay Prompts, Analyzed In this section, we’ll analyze each of the UPenn supplement essay prompts and offer suggestions for what you should talk about (and avoid) for each. Penn-Specific Essay How will you explore your intellectual and academic interests at the University of Pennsylvania? Please answer this question given the specific undergraduate school to which you are applying. (400-650 words) *Students applying to Digital Media Design and Computer Cognitive Science should address both the specialized program and single-degree choice in their response. For students applying to the other coordinated dual-degree and specialized programs, please answer this question in regard to your single-degree school choice; your interest in the coordinated dual-degree or specialized program may be addressed through the program-specific essay. The first prompt, which all students must answer regardless of what program they’re applying to, is a traditional Why UPenn essay. It asks you to explain why you want to attend UPenn. While these types of prompts are common, the Why UPenn essay prompt focuses specifically on academics - it’s not concerned with your interest in UPenn’s extracurriculars or campus life. Your answer, then, needs to be specifically focused on your academic pursuits and how UPenn will help you achieve your goals. You’ll need to talk about how the undergraduate school you’re applying to affects your academic interests, so do your research on the school. You don’t want to talk about a class that you won’t have access to because it’s in another undergraduate school. All of your answers should be reflective of the courses you’ll be able to take if admitted to the undergraduate school of your choice. You should have a good sense of the classes offered by your program. It’s a good idea to name specific classes or professors you’d like to study with. Similarly, if there are any specific opportunities available to students in your field, such as internships or study abroad programs, this essay is the place to talk about it. The Huntsman Program in International Studies and Business Discuss a current international issue, which demonstrates how international affairs and business intersect and explain how the Huntsman curriculum might assist to resolve the issue. (500 words maximum) For the Huntsman essay, you’ll need to pick a specific international issue and discuss how it relates to your planned course of study. The key to this essay is to pick an issue that you know well. You want to sound knowledgeable and informed about the topic. Don’t try to pick a topic that you think is important to the admissions committee - stay true to yourself and what you’re interested in so that your passion comes across as authentic. You’ll also need to relate the essay back to your potential studies at Huntsman. Come armed with specific examples from the Huntsman curriculum, whether that’s classes, professors, or other opportunities. You should be able to explain how your examples relate to the issue you focus on. The Roy and Diana Vagelos Program in Life Science and Management LSM seeks students who are enthusiastic about combining science with management. What excites you about this combination? What kind of benefits could training in both disciplines bring? Be as specific and original as possible in addressing these questions. (400-650 words) The LSM essay is a traditional college prompt, seeking to understand why you’re applying to this particular program. The trick to answering this essay well is to make your response as personal as you can - anything inauthentic to you as a student will read as off to the admissions committee. You’ll also need to be specific in your answer, so if you have a particular career path in mind, be sure to highlight it. While the prompt calls for originality, don’t stretch yourself trying to come up with an out-of-the-box answer to impress your essay readers. Your answer needs to be realistic and authentic. The Jerome Fisher Program in Management and Technology Please complete both prompts. Question 1: Identify a disruptive technology, one that many consider could drive truly massive economic and societal transformations in the coming years. Argue why the technology may not be as successful as observers think and suggest ways to address the concerns. (400-650 words) Question 2: Describe a problem that you solved that showed leadership and creativity. (250 words maximum) You’ll need to complete two additional essays if you’re applying to the Jerome Fisher Program in Management and Technology. For the first question, write about something that is both genuinely transformative and has real potential problems that can affect people on a massive scale, like virtual reality, which may offer people the ability to experience new things, but also has lots of ability to be manipulated. The problems you pick should have real consequences but also real solutions. The admissions committee wants to see that you think critically, so you need to demonstrate that you can see beyond the potential benefits of a technology to understand how it may be abused or misused. The second question is also concerned with your problem-solving ability. This classic prompt wants to know about a time when you faced adversity and either overcame it or learned from it. Don’t be afraid to show yourself tackling a real challenge here - your ability to persevere is more important than showing that you never make mistakes. The Rejendra and Neera Singh Program in Networked and Social Systems Engineering Describe your interests in modern networked information systems and technologies, such as the internet, and their impact on society, whether in terms of economics, communication, or the creation of beneficial content for society. Feel free to draw on examples from your own experiences as a user, developer, or student of technology. (400-650 words) The easiest way to answer this prompt is with a story. Tell the admissions committee how you became interested in this line of study. You should be as specific as possible in your answer. After all, the prompt calls for examples from your own experience. You should be able to clearly articulate where your interest stemmed from. Don’t feel like you have to talk about everything that interests you within this field - focusing on one or two clear examples that you have a lot of interest in will go further than trying to talk about everything related to networked information systems and technologies. Nursing and Healthcare Management Discuss your interest in nursing and health care management. How might Penn's coordinated dual-degree program in nursing and business help you meet your goals? (400-650 words) You have plenty of space in this prompt (up to 650 words), so you should make sure to address both parts of the question - why you’re interested in Penn’s nursing and healthcare management program and how the program will help you achieve your future goals. Key to answering the second part of the prompt is to have some future goals thought out - have a specific idea of what you want to do with your degree. Then, tie that back to things you can study at UPenn. It would be helpful for this prompt to familiarize yourself with aspects of UPenn’s program - courses, professors, learning and employment opportunities. The more you can show why UPenn is the right school for you to achieve your goals, the better your essay will be. Bio-Dental Program Please list pre-dental or pre-medical experience. This experience can include but is not limited to observation in a private practice, dental clinic, or hospital setting; dental assisting; dental laboratory work; dental or medical research, etc. Please include time allotted to each activity, dates of attendance, location, and description of your experience. If you do not have any pre-dental or pre-medical experience, please indicate what you have done that led you to your decision to enter dentistry. List any activities which demonstrate your ability to work with your hands. What activities have you performed that demonstrate your ability to work cooperatively with people? Please explain your reasons for selecting a career in dentistry. Please include what interests you the most in dentistry as well as what interests you the least. Do you have relatives who are dentists or are in dental school? If so, indicate the name of each relative, his/her relationship to you, the school attended, and the dates attended. The prompt for the Bio-Dental program is extensive. Attack it in pieces, being as specific as possible when answering each question. Don’t feel that you need to make up any specific experience. If you haven’t interned at a dentist’s office, don’t invent that experience. You should stick to reality. If you haven’t observed at a dentist’s office, you can set up a time to visit a local dentist so that you’re writing about your real experience, not something you’ve invented. When listing your activities, be sure to indicate how each is relevant to dental skill. Maybe you do a lot of needlepoint, which shows that you’re able to carry out complex patterns. Again, you don’t want to make anything up. Not only will your essay read as inauthentic, you won’t have the experience you need to enter into the program. Take your time and work through this prompt in pieces if you have to. Be thorough, honest, and accurate. The Roy and Diana Vagelos Integrated Program in Energy Research Describe your interests in energy science and technology drawing on your previous academic, research, and extracurricular experiences that allow you to appreciate the scientific or engineering challenges related to energy and sustainability. If you have previous experience with research, describe your research project (outlining the goals, hypotheses, approach, results, and conclusions). Describe how your experiences have shaped your research and interests, and identify how the VIPER program will help you achieve your goals. Also, please indicate which VIPER majors in both science and engineering are most interesting to you at this time. (400-650 words) There are two parts to this prompt: why you are interested in this specific program and area of study and how UPenn will help you achieve your career goals. You have plenty of space in this prompt, so make sure you answer each aspect thoroughly. Don’t invent previous experience if you don’t have it - be honest and authentic in your answer. You should have a clear idea about which VIPER majors you’re interested in. Be prepared to name specific UPenn majors and provide reasoning, in the form of classes you’d like to take or professors you’d like to study with. 5 Tips for Acing the UPenn Supplement Hoping to write amazing UPenn supplement essays? Follow these key tips to do so! #1: Use Your Own Voice The point of a college essay is for the admissions committee to have the chance to get to know you beyond what’s featured in other parts of your application. Your admissions essays are your chance to become more than just a collection of statistics - to really come alive for your application readers. Make sure that the person you’re presenting in your college essays is yourself. Don’t just write what you think the committee wants to hear or try to act like someone you’re not - it will be really easy for the committee to tell you’re lying. If you lie or exaggerate, your essay will come across as insincere, which will at best diminish its effectiveness and at worst make the admissions committee think twice on accepting you. Stick to telling real stories about the person you really are, not who you think UPenn wants you to be. #2: Be UPenn-Specific All of your UPenn essays should be UPenn-specific. Don’t be generic in your answers - the admissions committee should get the idea that you know about UPenn and that your answer is specific to that school, not about college in general. Don’t waste your time telling the admissions committee that UPenn has a world-class faculty - first of all, the admissions committee knows that and second, many universities do. Talk about why UPenn is the right school for you and be prepared to give real, concrete examples. #3: Do Your Research You can make your essay UPenn-specific by doing your research. Look into the course catalogue, visit your prospective major’s website. Schedule a meeting with a professor or current student if you can. The more specific information you have, the better. #4: Avoid Cliches and Overused Phrases When writing your UPenn essays, don’t use cliches or overused quotes or phrases. The college admissions committee has probably seen numerous essays that state, â€Å"Be the change you want to see in the world.† You can write something more original than that! Each of the UPenn essays asks you something specific about your experience or background. Your essay should be 100% you - you don’t want the admissions committee to think, â€Å"Anyone could have written this essay.† #5: Check Your Work Your UPenn essays should be the strongest example of your work possible. Before you turn in your UPenn application, edit and proofread your essays. Run your essays through a spelling and grammar check before you submit and ask someone else to read your essays. You can seek a second opinion on your work from a parent, teacher, or friend. Ask them whether your work represents you as a student and person. Have them check and make sure you haven’t missed any small writing errors. Having a second opinion will help your work be the best it possibly can be. #6: Have a Spike What’s a spike, you ask? In short, a spike is something that makes you stand out. Something that no (or very few) other applicants have. When you’re applying to college, it’s tempting to seem well-rounded and interested in all the things. Don’t do that. Your application won’t stand out if you’re mediocre in band, on the track team, and on student council. It will stand out if you travel to Japan to perform with a world-class performance ensemble or qualify for the Olympic trials in shot put. When your focus is on one thing, you’ll be better at it than if you have to split your time and attention. It will also be more impressive on your resume. Final Thoughts Your UPenn essay is an important part of your application. Depending on the specific school you're applying to, you may have to write three or more essays. No matter which school at UPenn you're applying to, keep in mind: DO: Be authentic. Highlight your best qualities. Use specific examples of UPenn courses and professors you want to study. DON'T: Be generic. Make anything up about yourself. Split your focus by talking about too many different ideas. What’s Next? If you're applying to UPenn, you're likely applying to other colleges on the East Coast, too.Check out our expert guides to theWilliams essay (coming soon), theTufts essays, and theHarvard essay. Need help writing your Common App essay?Our tips will show youhow to write a Common App essayguaranteed to make you stand out from other applicants! Have friends who also need help with test prep? Share this article! Tweet Hayley Milliman About the Author Hayley Milliman is a former teacher turned writer who blogs about education, history, and technology. When she was a teacher, Hayley's students regularly scored in the 99th percentile thanks to her passion for making topics digestible and accessible. In addition to her work for PrepScholar, Hayley is the author of Museum Hack's Guide to History's Fiercest Females. Get Free Guides to Boost Your SAT/ACT Get FREE EXCLUSIVE insider tips on how to ACE THE SAT/ACT. 100% Privacy. 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Electric Typewriter vs. Freewrite Typewriter - Freewrite Store

Electric Typewriter vs. Freewrite Typewriter - Freewrite Store Do you know what writers Ernest Hemingway and Danielle Steel have in common? They couldn't be more different in subject and style. But when it came to choosing a writing instrument, both chose a typewriter. Of course, home computers weren't around when Hemingway crafted his masterpieces. But a surprising number of modern writers avoid working on computers. Humorist P.J. O'Rourke prefers an IBM Selectric electric typewriter instead of a computer because it "doesn't get in the way" of the writing process. In other words, O'Rourke doesn't like the distractions of using a computer. A lot of modern writers stay away from computers and opt for a basic "words on paper" approach. Some write first drafts in longhand. Some use typewriters. Along with the "no-distraction back-to-basics" feeling, writers like Steel find that typing on a mechanical keyboard to be more conducive to creativity. If you're a writer struggling to work on a computer, you have better options. One is an electronic typewriter. Another is the Freewrite. The Freewrite is a tool designed from the ground up for writers. How do the two compare? Here's a rundown. Electric Typewriter Features The best electric typewriter models provide writers with a host of options. Typical features include line drawing, correction memory, word and character erase, underlining, automatic carriage returns, programmable tabulation memory and bidirectional printing functions. Many also include removable storage capabilities. The Freewrite Writing Tool The Freewrite combines the simplicity of a typewriter with the benefits of modern digital documents. It retains the tactile feel of a typewriter with a mechanical keyboard. But instead of having to retype paper documents to get them into the computer, the Freewrite’s documents are already digital. Documents save on the device and automatically sync to Dropbox, Evernote, or Google Drive so you don't have to worry about computer crashes or power outages. Files upload with 256-bit SSL encryption. Every Freewrite element works to get the creative juices flowing. It's lightweight with a stow-able handle. Take it to the park, find inspiration and hit the keys on the full-size mechanical keyboard. What's the Verdict? If you're looking for a way to put an end to distractions, amplify creativity and boost productivity, the Freewrite is your best option. With the Freewrite, it won't take long to find your writing groove. And once you're there, you'll stay there.

Analysis of Ways of Knowing in Adult Education Assignment

Analysis of Ways of Knowing in Adult Education - Assignment Example Henschke (2005), an international Human Development Consultants, notes that irrespective of the global location, adults in all corners of the world learn in a similar fashion (p. 23). Adult learning usually takes a more multidimensional nature, which can be construed to mean that it takes a more holistic approach just as would been seen in the ensuing narrative. Embodied or Somatic Learning in Adult Education: According to Mathew (1998) somatic learning occurs in experiential learning, which in part involves â€Å"knowing through the senses, body action and reaction, and precepts (Mathew, p. 4)†. The knowing that experiential learning describes is one where the leaner participate actively in the process of knowledge acquisition through taking part in discussion, role playing or similar activities that might characterize the learning process. Clark’s (2001, p. 3) definition of somatic learning is more generalized when compared to Mathew. According to him, somatic learnin g is basically â€Å"the way we know from our bodily or physical experience† (Clark, p. 3). Almost all other definitions of somatic learning from prominent scholars have placed the body at the heart of the somatic learning concept. A common feature of these definitions is that they position somatic learning through or within the body instead of knowledge without or about the body (Brockman, 2001). Spiritual in Adult Education: Spirituality is and as always been an important component of adult learning. Many people might think that spirituality is one and the same with religion, which is fundamentally wrong. There is however no doubt that the two are related, but, spirituality per see is all about a person’s consciousness and honoring of completeness and the connection of all thing with what can only be referred to as a higher power (Elias, & Merriam, 2005). Just as there has been acceptance among the health care worker on the role of spirituality in healthcare, there h as been a similar acceptance among educators on the role of spirituality in adult education. The role of spirituality in adult education has particularly been found in the way people construct knowledge. A good example can be found in the Howard Gardner’s ground breaking research on multiple intelligences. Emancipatory spirituality, one of the spiritualities, whips people into small social and political groupings, while filling such groupings with strong spiritual practices like meditation (Jarvis, 2006). Just as the spirituality of each one of us is unique there is the communal dimension of spirituality. This community dimension of spirituality can be found in the fact that people spirituality can connect to what they collectively value and think is best for them as a group. A case in point of this connecting for the common good can be found in the Moken sea gypsies who are said to have fled the December 2004 Tsunami to high ground after â€Å"feeling† it advancing. T his spirituality is at the center of adult education. Narrative learning in Adult Education: The good thing with storytelling and sensemaking as a mean of transferring knowledge to an adult learner is that they can relate to these stories being narrated and thereby retaining the knowledge in those stories. This is because just as Merriam (2008, pp. 96) notes, the learning experience has to stem from something that is not only

Ethical Hacking Final Challenges Research Paper

Ethical Hacking Final Challenges - Research Paper Example Therefore one of the vulnerabilities of MD5 is its possibility of resulting into collision attacks. The algorithm also gives room for any attacker to generate a collision. The practical abilities of such attacks results into the impersonation of the trusted roots CA by the attackers. The MD5 trustworthiness is reduced the moment an attacker posses the ability to construct forged data in various forms with the ability of causing software using MD5 (Simpson, 2010-03-17). All these underlying vulnerabilities are caused by a cryptographic primitive making the specific exploitation scenarios vary largely depending on the form of data that is prone to attack and the validation of the software. Microsoft has though tried to issue specific patch for flame which does not though eliminate completely the vulnerabilities caused by MD5 hence they recommend that – every CA that still makes use of MD5 should stop with immediate effect and to migrate to better hash functions. Those with certi ficates signed by MD5 should see on how to replace them immediately. The CA should therefore ensure that sensible cryptographic measures are used depending on the tasks they want performed in their respective organizations (Simpson, 2006). Challenge 2 MEMO TO: Bob Kaikea FROM: Network security Team DATE: 20th February 2013 SUBJECT: Port numbers and services that run on most networks A port number in computer networking is mostly the part of the addressing information that is employed in knowing who the senders and receivers and senders of messages within a network as used with TCP/IP connections (Simpson, 2010-03-17). The port numbers allow for the sharing of information by different applications on the same computer to share resources and they work like telephone extensions. The well known ports are an example of Port 80 that which explains to us what a port really is describing it as a virtual data used by software components to interact. Another is the DHCP which is the Dynamic H ost Configuration protocol. The DHCP server listens on this port and allocates your link the properties it has requested, e.g. IP address, network mask, default gateway and DNS server. Both ports 20 and 21 are known as random ports. While 21 is known as the TCP and is well designed for FTP control, the port 20 is the active FTP type and is designed for the actual transfer of data. Ports 23, 25, 53 and 110 are ports outside the range and they would be used to transfer actual data without the specified range. 23 is the Telnet, 25 acts for the simple mail transfer, 53 is the domain name saver and 110 acts as the Post Office Protocol version 3 (Simpson, 2006). In analyzing the services currently running for the Alexander Rocco Corporation, the ports being used must be keenly looked at to enhance the recovery of the ways to be used to curb the vulnerabilities. Challenge 3 Ethics and morality most so in the computer environment more or less revolves around the same thing that is ethics be ing a moral philosophy where one makes a moral choice and sticks to it. In our case it refers to the moral guidelines that an individual sticks to when using computers and computers networks including the encryption algorithms. It is unethical and therefore against the law to do the following when it comes to computers and computer networks. An individual should not indulge into using office computers to do personal work, one should never read

Abstract Artworks Analysis Term Paper Example | Topics and Well Written Essays - 750 words

Abstract Artworks Analysis - Term Paper Example The essay "Abstract Artworks Analysis" aims to compare two abstract paintings. In the following sections, the researcher shall analyze two works of modern art - in particular abstract art. The first piece of art work that we will discuss is an abstract art work in acrylic. The work is a visual representation of a shabby neighborhood with houses and electric poles lining the street. The street is shown to be half lit by sunlight and the other half overcast by the noon shadows of a bigger property and some small dwellings. The colors used are muted pink, magenta, greys, olive green, white, beige and brown. The overall look is melancholy and that of emptiness. The second piece of art is another abstraction done in acrylic too of much vibrant colors. The general colors that stand out are bright canary yellow, orange, rust, royal blue, sky blue, saffron yellow, red, purple, and white overtones etc. The work is represented by geometrical shapes such as circle, square, triangle, ellipse, rh ombus and semi-circles etc. At first glance, the shapes look like abstract placement but upon close observation one sees that the artist has cleverly integrated the shape of a female head with earring. There are other figures too - a man or child perhaps tending to a sick person in bed. The atmosphere seems to be that of illness and sadness. The two abstract pieces of work demonstrate that modern art can both be abstract and in-depth if one look closely at them regardless of their approach or medium.

The Pros of Capital Punishment Research Paper Example | Topics and Well Written Essays - 1750 words

The Pros of Capital Punishment - Research Paper Example For instance, capital punishment is virtually outlawed within the European Union. At the same time, it is aggressively defended by various domestic laws in the USA, the People’s Republic of China and even in many Islamic states (Hodgkinson and Rutherford, 1996). That is to say, the practice of capital punishment has a rather haunting history. The modes and processes of such punishment were harsher with more severe consequences on the part of the offenders in comparison to today’s practices of capital punishment. However, this paper is not going to discuss those practices. More particularly, the paper focuses on the relevance of capital punishment in the present day scenario, which is more complicated with regard to taking into consideration the global institutions and laws such as the UN, Amnesty International, and Human Rights. It is important to note that although the prohibition on the application of capital punishment has been relatively well accepted internationally, more than half the population of the world live in countries where it is still practiced. Capital punishment, to some extent, and in an effective way, has certain pros to consider, especially in the context of specific crimes. Although, the international human rights law has already gathered a faster and stronger pace in support of the implication on restricting death penalty under all circumstances. But developed countries like the United States of America still practice capital punishment with the belief that justice is the final word for crime and punishment, especially the heinous ones. The applications of capital punishment are highly controversial. The primary issue over the practice of death penalty includes the debate whether it is the best way to stop crime completely or it is a violation of human rights. As for the statistical records, developed countries like the United States of America practices the use of capital punishment

Biology Essay Example | Topics and Well Written Essays - 250 words - 10

Biology - Essay Example In other words, it comprised of double stranded molecules of nucleic acids. So important was their work that they received a Nobel Peace Prize in 1962. The film fails to depict the fact that all Watson and Crick did was put the pieces of the puzzle together. In reality, the groundwork and foundation were laid decades before the duo existed. Swiss chemist Friedrich Miescher in 1869 discovered DNA. He discovered nuclein (now known as nucleic acid) inside the nuclei of white blood cells. This discovery should have been a landmark in genetic research, but the scientific community at the time did not view it as such. Phoebus Levene, a Russian biochemist, picked up where Miescher left off. An avid researcher who wrote numerous papers on biochemistry, Levene not only discovered the carbohydrate in RNA but also the correct way of joining RNA and DNA. Erwin Chargaff in later years stretched Levene’s work. He identified differences in DNA among different species. In conclusion, a handful of scientists paved the way for Watson and

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The Pros of Capital Punishment Research Paper Example | Topics and Well Written Essays - 1750 words

The Pros of Capital Punishment - Research Paper Example For instance, capital punishment is virtually outlawed within the European Union. At the same time, it is aggressively defended by various domestic laws in the USA, the People’s Republic of China and even in many Islamic states (Hodgkinson and Rutherford, 1996). That is to say, the practice of capital punishment has a rather haunting history. The modes and processes of such punishment were harsher with more severe consequences on the part of the offenders in comparison to today’s practices of capital punishment. However, this paper is not going to discuss those practices. More particularly, the paper focuses on the relevance of capital punishment in the present day scenario, which is more complicated with regard to taking into consideration the global institutions and laws such as the UN, Amnesty International, and Human Rights. It is important to note that although the prohibition on the application of capital punishment has been relatively well accepted internationally, more than half the population of the world live in countries where it is still practiced. Capital punishment, to some extent, and in an effective way, has certain pros to consider, especially in the context of specific crimes. Although, the international human rights law has already gathered a faster and stronger pace in support of the implication on restricting death penalty under all circumstances. But developed countries like the United States of America still practice capital punishment with the belief that justice is the final word for crime and punishment, especially the heinous ones. The applications of capital punishment are highly controversial. The primary issue over the practice of death penalty includes the debate whether it is the best way to stop crime completely or it is a violation of human rights. As for the statistical records, developed countries like the United States of America practices the use of capital punishment

Will be provided Essay Example | Topics and Well Written Essays - 250 words

Will be provided - Essay Example The task planner is responsible in preparing a simple and accurate task that is easy to interpret. The plan should be clear and precise right from baseline. The objectives of the task should be proper and definite from the onset of the, it would be easier for the managers to note any area of the weakness. Any duty in one way or the other must have its challenges so of the project. In the baselines are clear, it would be easier to notice loopholes. Once the challenge is on board, the project manager can easily amend it to suit the diversity in the implementation environment. The baseline will always remain essential in any plan because, should there be any alterations, the entire life of the work would have hiccups. Although the plan should be elastic to accommodate the changes in the environment, a careful study is of necessity because any slight change on the plan would affect the result of the project. The changes on the course of the action of the plan may inflate of deflate the cost of performing the project, depending on the nature of

Bos vs Porter 5 Foreces Essay Example for Free

Bos vs Porter 5 Foreces Essay A philosophy which has been debated for the last three years, Blue Ocean Strategy.2 The authors W. Chan Kim and Renà ©e Mauborgne challenges the classic battle market position by producing a mindset and approach based on creating a new market without competitors. What the book Blue Ocean Strategy is called the blue Ocean. According to W. Chan Kim and Renà ©e Mauborgne achieved this by including creating and capturing new customer needs (blue ocean), as opposed to supporting the existing demand, which dominates the classical teorier3 (red ocean). Strategic Developments in Blue Ocean Strategy is focused on making it cheaper and better. Normally is firm theoretical and practical need to make a choice between these two factors. Michael E. Porter describes particular in his book Competitive Strategy Techniques for Analyzing Industries and competitor, its about the company is either highly differentiated or have a low pris.4 Blue Ocean Strategys thinking is to remove cost value barrier, and thereby offer something that is cheaper, better and different. There are both supporters and critics of the book, Blue Ocean Strategy The new winning strategies. Critics argue, among other things, that strategy is hindsight, since it is based on companies already created successful. In addition, they believe that many companies go bankrupt because they trying to find the blue oceans that critics do not believe findes.5 According to the strategies credibility and usefulness within the subject marketing, are all theories mainly built on experience from industry. Some companies have pioneered new thinking, and their experience in industry is described as theory. Blue Ocean Strategy can be a new approach for their future strategy schedules. Views are scattered in the strategy innovation. Some consider the strategy as being random for business success, and that no found a blue ocean. Others characterize the book as a new strategy classic, and call book for banebrydende.6 When the debate about Blue Ocean Strategy has been dominant for business in the last two to three years, it would be interesting to elucidate why the Blue Ocean Strategy theory has gotten so much attention. Blue Ocean Strategy can be changed the thinking of many managers in relation to classic theories from among Secondly, Michael E. Porter, and thereby created a new response pattern in business. Competition for some businesses it will be difficult to understand and modify, if they have no insight into Blue Ocean Strategys issues and thinking. W. Chan Kim and Renà ©e Mauborgnes mindset and production of Blue Ocean Strategy will be interesting to gain deeper insight into and analyze the theoretical recharge strategy for corporate strategy planning. Prerequisites Prerequisites for being able to answer the problem formulation include looking at questions below: 1. What is the theoretical thinking behind Blue Ocean Strategy? 2. Are the blue ocean in the real markets or just in theory? 3. Blue Ocean Strategy: a development of classical theory? Before there can be a qualified answer to the problem formulation, it will be necessary to conduct a thorough analysis of the theory behind Blue Ocean Strategy. To understand Blue Ocean Strategy will be the beginning of the analysis be prepared core definitions of particular it red and blue ocean. Before the actual analysis will be made, issues like value innovation and various analytical tools and frameworks will be described. This to reader gets the best possible understanding of the key linchpins in Blue Ocean Strategy. The depth review of Blue Ocean Strategy is modeled from six principles: 1. The first principle deals with six roads to the redefinition of market boundaries, where is important for the company to look beyond market boundaries. 2. Another principle delves into the overall picture of the company. Here you will be made a description of the preparation of a strategy canvas, from four stages of visualization of a strategy. 3. The third principle is the demand. Here the analysis will focus on how the company can see beyond existing demand for the creation of value innovation. 4. The fourth principle deals with the strategic order. The section has its pivoting around the layout of a business model for creating economic benefits of the new idea. 5. The fifth principle is the implementation of the strategy for the blue ocean. 6. Sixth Principle deals with integrating the implementation of the strategy through fair process.

History Of The Blue Harbour Brand Marketing Essay

History Of The Blue Harbour Brand Marketing Essay In 1884 Michael Marks, a Russian born Polish refugee opened a stall at Leeds Kirkgate market. Since then, Marks and Spencer was born, opening over 300 stores worldwide and also being the UKs largest clothing retailer. In 1999, online shopping was introduced to their website for customers to enjoy in the comfort of their own home. The internet had just started to become known and more and more people were staring to use it, so Marks and Spencer took this opportunity and set this up at the correct time. In 2000, MS brought out their healthy Count on us range, for the healthier people on diets or who were just watching what they ate. Their 1st Simply food stores opened in Surbiton Twickenham in 2001, selling nothing but healthy food, no home furnishing or clothes like the normal stores. They also launched Per Una a brand of clothing specifically targeting the fashion-conscious women. Shortly after in January 2001, Blue Harbour was introduced, a casual wear brand for males. View form and DB07 another brand of clothing was introduced in 2002, View form for sportswear and DB07 for children designed in collaboration with David Beckham. Mission Statement Marks and Spencers mission statement is broken into 3 parts which include: Vision To be the standard against which others are measured Mission To make aspirational quality accessible to all and Values Quality value, service, innovation and trust. This mission statement has been kept up since the start of making it; MS have worked hard to achieve all these factors. Even though there have been ups and downs during the years they have tried hard and have kept to their word. There are many companies which look up to MS and measure themselves against them, helping their company to improve and gain more customers. Marks and Spencers have been known for their quality value, service, innovation and trust to all their customers who as a company they have stuck to very well. They are continuing to attract new customers as well as keeping their old ones, offering them new and improved products all the time. Objectives Every year MS had many objectives which were to be met, they were not really split into long term and short term but just objectives as a whole for each coming year. In 2001, they had many objectives but their main ones were attracting new customers, developing stronger relationships with their suppliers, aim for market leadership and also to restore the heart of MS, stop non-core and profit losing activities and also to keep an effective balance sheet calling these three sectors their fundamental strengths. In 2002, not only did they want to develop stronger relationships with suppliers but also to build on a unique relationship with their customers. They needed to keep rebuilding on their fundamental strengths, continue to regain market leadership with value, quality and also appeal. It was aimed for MS to open their 1st standalone home store in spring 2003, also to improve every aspect of their company, overcome the competition and continue to attract more customers to their stores. Before 2004, the MS fundamental strengths were changed, which included improving the management team, still ensuring the balance sheet was effective and also delivering impactful but low cost improvements. In 2005, MS only wanted to refocus on their core values in their business which is quality, value, service, innovation and trust. Pestel Analysis In this section a PESTEL analysis will take place and will look at the external factors that impact on Mark and Spencers performance. Political According to the Marks and Spencer website there are constraints on out of town shopping has been but in place by the government. This is causing problems for M and S. This is because it is highly expensive for retail stores to be in the centre of large towns and cities with all the business rates and M and S is not selling enough produce to break even with these extra expenses they have to pay for being in the centre. MS is trying to move some of there stores out of the centres but with constraints it is causing problems for them. The UK not having the Euro is working as a disadvantage to MS in relation to there western European store because MS products are too expensive as there are being sold at UK prices. Economical The UK economy and currency is relatively strong compared to other countries so the strength of the pound is working as a disadvantage to Marks and Spencers in the UK and abroad. (www.bitc.org.uk) Current world events have affected global economies, which may result in fluctuations within the industry. This may lead to unpredictable consumer and supplier behaviours. Sociological Market trends are constantly changing and Mark and Spencers have always struggled to keep up with them. For example, Life style changes have made people more aware of their health, which has resulted in higher demand of quality health care related products. People are concerned with value for money. Consumers are concerned with their image, for example; they must have the latest labels. The population in the UK is ageing and with this, more people have a higher disposable income. Technological Internet shopping has lead to international buying opportunities, which means the consumer has an enormous amount of options when it comes to shopping. This means that the competition has also increased, but Marks and Spencers can use it to their advantage to promote new products and help to show that Marks and Spencers is an up to date company. (www.marksandspencers.com) Environmental MS is restricted to where they can build its stores because of the restrictions on Brown field sites and Green field sites. MS can only build on Brown field sites witch restricts them to having to stay in urban areas with competition. Legal The government is constantly redefining trading laws, which enables Marks and Spencers to trade for longer hours, for example; longer shopping hours on a Thursday. Marks and Spencers must follow advertising laws which are put in place to protect the consumer, but also to promote fair competition between companies. SWOT Analysis The Swot analysis looks at a companys strengths, weakness, opportunities and threats which are likely to have an impact on the companys performance. Strengths Marks and Spencers has been running since 1884 and has a good traditional reputation especially with the older generation. Marks and Spencers is also one of the biggest retailers on the high street having stores in most cities and large towns and with thirty other stores across the globe. (www.marksandspencers.com) The brand name is known in nearly every house hold. Marks and Spencers has a diversity of products such as food, underwear, menswear children wear, women wear and furniture. Weaknesses Fashions are constantly changing and Marks and Spencers has an inability to keep up with changes in the retail market. There are also problems with focusing on the right targets markets in terms of products and customers. (www.bitc.org.uk) Many consumers still feel that Mark and Spencers products are old fashioned and out dated compared to competitors. Even though this is some thing that Marks and Spencers is constantly trying to change. Marks and Spencers is now experiencing poor performance across the globe which has resulted in the pull out of foreign operations. Opportunities Marks and Spencers has the opportunity to collaborate with other companies to widen up product range even more. They could also collaborate with designers to help bring new ideas, and help expand on their furniture and beauty products. Threats There is constant competition from competitors such as John Lewis, Debenhams and Next. And especially from younger clothing competitors such as New Look. Ever changing fashions trends which Marks and Spencers struggle to manage is threatening Marks and Spencers performance. Gap analysis and Ratios A gap analysis involves identifying a gap or weakness in a specific company and looking to bridge that gap in order to meet a target objective as to where the company wants to be. The following quote helps to further identify a gap analysis: Gap analysis, consists of defining the present state, the desired or target state and hence the gap between them. In the later stages of problem solving the aim is to look at ways to bridge the gap defined www. Ifm.eng.cam.ac.uk [January 23] An example from Marks and Spencer is there downfall in the womenswear market, which in 2004 fell 0.6% to a 10.4% share of the market. Competition in womenswear has increased dramatically with women demanding style, quality, outstanding value and real choice. In order for Marks and Spencer to reclaim this market share they set out a clear plan, this involved listening to customers better during store visits, focus groups, better use of market data and keeping a closer eye on tracking trends, tracking competitors and also evaluating there own performance. From a purchasing point of view they looked to strengthen there buying teams, giving clearer responsibilities for design, buying and merchandising. The companies buying strategy changed to buy less, more frequently meaning better ranges and fresher lines of stock. It was also vital that Marks and Spencer didnt miss out on key trends like the previously did in 2003 such as with cardigans. In order to further close that gap Marks and Spencer learnt that they have to cater for particular needs and markets. For instance it is estimated that 42 % of womenswear brought is by women under the height of 5ft 3 inches, Marks and Spencer didnt previously cater for these, often producing large, baggy clothing. Now Marks and Spencer have now produced a petite range in 33 of its stores in order to cater for this market. The three ratios that were decided in order to assess Marks and Spencers financial position were the current ratio, gearing ratio and return on capital employed ratio. Firstly the current ratio can be calculated by dividing current assets by current liabilities, this identifies how far a firm can meet its short term liabilities from its current assets without having to raise finance by borrowing, selling fixed assets or issuing more shares. A ratio less than one for a period of time is a cause for concern; Marks and Spencers did have a healthy current ratio until 2003 but in the last couple of years they have dipped below one causing concern, whereas for example a competitive company such as Next has stayed consistent for the last 3-4 years. Secondly the gearing ratio can be calculated by total borrowings x 100 % and then divided by the capital employed. The ratio shows the proportion of capital employed, which is financed by borrowed funds. The relationship between both, ought to be balanced with shareholders funds significantly larger than the long term liabilities in order to have a health gearing ratio. The higher the gearing ratio, the higher the risk to the company is, as high levels of borrowing represent a significant risk to the company. In 2004 Marks and Spencers was sky high, massively bigger than that of competitors Next. The last ratio analysed was the return on capital employed, this can be calculated by Operating profit x 100% and then divided by capital employed. The ratio is an important indicator of how efficiently the business is being managed. As a rule if a company has a low return on capital employed then it is using its resources inefficiently even if the profit margin is high. In the years 2004-2005 both Marks and Spencers and Nets ROCE have been high indicating a healthy return on capital employed. Five force analysis Porters five forces model (below) can be used to help make an analysis of the competitive environment for a company within a certain industry. In this case, it is Marks and Spencer in the food and clothing industry. Source: Adapted from Porter, M, (1998) Competitive strategy, New York, free press QuickMBA, Strategic Management (1999) states that: The strategic business manager seeking to develop an edge over rival firms can use this model to better understand the industry context in which the firm operates. The threat of new entrants There are a variety of major companies in the market such as Next, Debenhams, Sainsburys and Tesco with regards to selling clothing and food products. These are well known companies which are strong in the market so the threat of new entrants is low. A company such as Marks and Spencer (MS) has a strong brand name which therefore creates a barrier to entry for potential new entrants. Companies would probably experience high start up losses in an attempt to try to promote its products in terms of trying to prise loyal customers away from MS. There is the threat however of company take over where one company buys another one out. Examples include Morrisons taking over Safeway and Walmart taking Asda in bids to try and create better companies without having to build many stores around the country. The government is also keen on new businesses starting up in the market to try to discourage a monopoly situation Bargaining power of suppliers MS has over 2000 direct suppliers where 1500 are for clothing and 500 for its food. Marks and Spencers corporate site online (2005) states: 90% of other products are now sourced overseas. Overseas suppliers provide plenty of choice for MS and also cheaper labour. The market that MS is in also makes it easier for the company to bargain with their suppliers because there are many suppliers which provide clothing and food which are relatively undifferentiated so MS can go to another supplier if they feel there are better suppliers to go to as opposed to their current ones. Bargaining power of buyers There are many clothing and food companies to choose from in terms of the consumer so it is the consumers who can dictate the price by demanding quality products at good prices. Clothing and food are not specific items unlike a Ferrari sports car. Food and clothing are readily available to everyone and so therefore it is important for a company like MS to offer quality goods at right prices in order to compete in a very price orientated market. With a Ferrari sports car, it is a very prestigious item and therefore prices are not as important for Ferrari. MS therefore needs to add value to their products such as the Autograph range of clothing launched in 2000 which The threat of substitute products If a product from a different company is cheaper then consumers may switch to that product. If there are low switching costs e.g. substitute products are much cheaper than MS ones then there could be more consumers switching to the cheaper product. For example, a pair of jeans in MS is  £25 but in Primark the jeans are £6. There are many retail stores selling clothes which are competing with MS and therefore could act as substitute products. To counteract the threat of substitutes, MS must concentrate on ensuring absolute product quality and customer service to keep loyal customers. The intensity of rivalry amongst existing competitors There food and (especially) the clothing market has fierce competition and MS must compete with companies such as Next, Debenhams, Tesco and Sainsburys for selling both their food and clothing products. These companies are all trying to obtain the largest market share possible in the retail sector. Conclusion Overall, MS (Marks and Spencer) have established themselves over 120 years as a well known high street name. The mission statement that has been created by MS, highlights that the company aims to be the standard to which other companies look too in terms of retailing. The objectives highlight on continuously improving the company (objectives in 2005 focused on the core values of the business). The SWOT analysis shows that MS is a very well known company although is poor at keeping up with fashion changes and therefore must be wary of changes and regard them as a threat. The five force analysis shows intense competition within the industry with big companies such as Next and Debenhams selling clothes and Tesco and Asda selling clothes and food. MS must be wary of substitute products with stores such as Matalan and Primark offering these products and also MS must recognise that the customer has high buyer power as they have the choice of many retailers at different prices.