Moneyball Essay

The film Moneyball depended on the top of the line genuine book by budgetary columnist Michael Lewis, the film recounts to the genuine story of how Beane and his energetic financial aspects expert colleague pivoted the fortunes of the Oakland Athletics by utilizing another methodology called â€Å"sabermetrics†. This included utilizing insights to examine how often players stayed â€Å"on base† (subsequently improving their probability to score runs), instead of depending on the customary technique for esteeming players’ batting normal. This new methodology permitted Beane to ‘buy’ players he could really bear, and take on the top significant association groups utilizing an unexpected procedure in comparison to they did. The primary thing about Moneyball to examine is the thing that makes Billy Beane a pioneer. As we talked about in class, he had a dream and he worked for it making an intense arrangement, putting stock in his vision, and having the determination to oversee his arrangement. Billy Beane tried harder to make his vision a triumph. He exchanged players who had an inappropriate disposition and met up close and personal with the rest of the players to clarify his bearing again and again. Beane’s resolve and determination paid off, and the A’s proceeded to dominate 109 matches that year. What’s the initiative exercise? Indeed, it assists with observing that Moneyball isn't carefully a baseball story. It is likewise an account of fast change in initiative in the business world. In the film Beane changes from participative to dictatorial to paternalistic administration styles. Dissecting this film from the initiative perspective you can see that not all administration models apply to each and every case, proof shows that Beane toward the starting utilized participative authority style. The baseball foundation is generally dismayed by Billy’s epic way to deal with group determination, including his own mentors. The director blamed him for stigmatizing what scouts have accomplished for a long time, and demolishing the group. He additionally faces a significant blocker to progress: Art Howe, the group director. Workmanship chooses who takes the field and, having not become tied up with the methodology, will not handle players who may make the methodology work. In this part Beane understands that a participative methodology won’t give him the outcome that he was searching for and he changes to an imperious way to deal with get results. Thusly, Billy makes quick move by selling two a greater amount of his best players, one to keep Art from intruding with group determination, and one on the grounds that he’s a troublesome impact in the changing area. Things didnt work out in a good way and when the group begins gravely, the pundits feel vindicated. At exactly that point does Billy comprehend that he committed an error since first he hasn’t submitted himself 100% to his own methodology, and second he bombed helping other people to get tied up with it. Absolutist pioneers need to convey. When Beane understood that, he began to open up to the individuals who are being influenced by his choices, sharing his procedure, and enlisting others to do likewise. Lastly we can see the last difference in initiative to paternalistic style when Billy Beane supposedly learns some significant administration exercises himself over the span of Moneyball. At the point when we first observe him, he has an exacting approach of separating himself from players, which he thinks procures him more prominent regard and makes it simpler to release players when important. However step by step Beane discovers that he can achieve more, and motivate others, by really conversing with his group and giving them access on his bizarre procedures. Here he is drawing nearer to his players †clarifying the methodology, getting by and building camaraderie. He even supports other likely pioneers inside the group. â€Å"You’re brilliant, you get what we’re attempting to do here,† he tells a maturing, critical however gifted player.

Insurance Accounting for Auditing and Assurance Services

Question: Talk about theInsurance Accounting for Auditing and Assurance Services. Answer: The issues that can be noted for the situation are of the missing records from the books. As the records are missing, it will be hard to determine the measure of misfortune. Besides, the corporate controller has prompted misappropriation and has fled to United State, thusly; it is hard to get back the papers. Indeed, the review work papers must be re-done in light of the fact that without the review papers it is hard to set up the fiscal reports. The review work papers must be readied in light of the fact that it contains the general review proof. Review working papers help the review work to give affirmation that the review was act as per the proper pertinent bookkeeping measures (Baldwin, 2010). It is hard to get the review proof by and by. Be that as it may, on the off chance that the administrative work is suitable, at that point as per the best of aptitudes the papers can be re-done. this will require time, just as exertion. In the event that the work papers are inaccessible, at that point it will influence the review procedure and can affect the genuine view. To guarantee, that the review stays finished the papers should be arranged again and the theft should be accounted for that will mean the imperfections have been watched and appropriate consideration with respect to the equivalent is done (Cappelleto, 2010). On the off chance that the misappropriation isn't report in the work papers it will imply that the review isn't appropriately done and the announcement doesn't mirror the valid and reasonable view. Not revealing misappropriation implies that the inspector has not considered the issue that is material to the business. This can prompt a potential issue. For the time being, it can make uneasiness among the partners while in the drawn out the notification of this reality can prompt loss of notoriety and loosing up of potential gatherings (Gay Simnet, 2015). The lawful outcome of such an incident is, that a legitimate argument must be started against the corporate controller account who fled to the United States. When there is a theft of assets, it implies that a money related extortion has occurred. Thus, this misrepresentation pulls in a criminal case. Further, an assessment of the general association should be never really out the lacks and other people who are engaged with the case. In addition, the Audit Manager must be addressed with respect to why the misappropriation ought not be accounted for. A review note is a note that the reviewer gives when there is a sure issue or missing point. It is done to give a clearness to the way that the inspector has seen all the records and the inadequacies are noted. Such a note is a reason for concern if there is a grave issue in light of the fact that the partners don't care for an organization where a difficult exists (Elder et. al, 2010). On account of an issue, the evaluator gives a note that the choice is given considering the focuses and such trouble exists. In any case, this makes the partner worried in nature. References Baldwin, S. (2010) Doing a substance review or stock. Pearson Press. Cappelleto, G. (2010) Challenges Facing Accounting Education in Australia. AFAANZ, Melbourne Senior, J. R, Beasley S. M. furthermore, Arens A. A. (2010) Auditing and Assurance Services. Individual Education, New Jersey: USA Gay, G. furthermore, Simnet, R. (2015) Auditing and Assurance Services. McGraw Hill

Current Events in Macroeconomics Essay Example | Topics and Well Written Essays - 750 words

Recent developments in Macroeconomics - Essay Example They are particularly incredulous of numerous degrees of government intercession, including the proposed visitor laborer program. The two agree in numerous territories, including the way that regardless of the wrongdoing of this movement, it benefits the monetary status we appreciate by having the unlawful workers take positions which are those others would not take in administration enterprises like housekeeping and arranging and other such employments. The two likewise express that there are numerous pluses, including the way that charges are regularly paid by these illicit workers. The negatives, shockingly, are likewise effectively observed, including the utilization of state funded training, fire and police security, and all types of government help including Medicaid, Food Stamps and other such help. The general idea for this article is incorporating human components, how mankind influences the economy. In this specific case, how the movement and migration of individuals influe nces a specific economy in both great and awful ways. This is dependent upon a lot of discussion with respect to whether such movement would be of advantage and whether the endeavors to change the thought would be of any financial legitimacy. In the Economy segment David Wessel writes in A Tricky Move for the Fed, Wall Street Journal June 24, 2006 issue, that the choice to switch the financing cost up or down is a precarious suggestion in current monetary occasions. The explanation behind this is finding a suitable degree of parity is similarly as dubious as recovering it once balance has been lost. On account of current financial standings with swelling on the ascent and an easing back economy it's an issue of which fire would be the most dire one to battle. Raising rates could slow the economy and cause a downturn, something they don't need; bringing down it a lot of might make expansion raise exponentially, additionally not something good according to market analysts. Thought in either case causes worry in the work factor, the purchaser factor is likewise at issue and afterward we should likewise consider how they collaborate inside the economy. Imprint Whitehouse uncovers, in the piece done in the June 26, 2006 Wall Street Journal titled A Housing Slowdown Can Put the Brakes on a Job Sector however Open Other Opportunities, that the lodging blast which our nation has been getting a charge out of might be reaching a conclusion and this end shows up of an awful thing. In reality, the disclosures found inside this conceivably pulverizing log jam, could in certainty achieve benefits from the start inconspicuous. From a macroeconomic point of view, the lodging log jam, and the chaperon easing back of employment development, could be exactly what the economy needs.1 generally, the way that houses are not selling as quickly as they can be manufactured or as quickly as somebody should be moved may really demonstrate helpful in different zones of the monetary scene. This change can additionally cause an ascent in development somewhere else inside the macroeconomic scene, proceeding with the cycle that will bring monetary help. Isabelle Lindenmayer expounds on the condition of the US dollar in her article Dollar is to Enter an Unsteady Week Ahead of Fed Move. As a rule, the dollar will have its great days and terrible days available with respect to esteem, and once in a while, the Fed can impact those great and awful days. In an examination of master conclusions, two variables,

Lufthansa Group using a Group-wide Beta and WACC - 2750 Words

Lufthansa Group using a Group-wide Beta and WACC (Essay Sample) Content: Client's nameInstructor's nameCourse titleDateConsiderations for Lufthansa Group using a Group-wide Beta and WACC for All of Its InvestmentsReasons to Use a Separate Beta in the WACC of Segments In order to conduct a proper analysis of the topic, it is necessary to put the structure of Lufthansa Group into perspective. The company operates globally, as a transnational corporation, covering countries with different aspects of systemic risk. According to the 2016 annual report, Lufthansa Group had a WACC of 4.8 percent in which the cost of debt was 2.4 percent and that of equity was 7.2 percent (Lufthansa Group 18). The group considers a long-term proportion strategic position in which the proportion of debt and equity are equal. The cost of equity consisted of a 5 percent market risk premium being added to the product of the risk-free rate (1.7) percent and 1.1 as the beta factor. It reflects the theoretical formula as expressed in Da et al. (207) as well as in Stubelj et al. (66). The annual report also indicates that different segments have different levels of WACC, including the Passenger Airline Group (4.8%), Logistics (5.1%), MRO (4.6%), and 4.6 percent for the Catering segment (Lufthansa Group 18). In the Lufthansa Group case, using a single beta may cause the organization to underestimate the betas of specific segments and their subsidiaries. The size of a company and the book-to-market ratio affect the expected returns of stock (Da et al. 209). Lufthansa Group's beta can fluctuate by a smaller variance to the market returns due to its size and number of subsidiaries. Operating in the aviation industry, Lufthansa Group consists of about 540 subsidiaries as well as its equity stake in other firms (Lufthansa Group). The company conducts its business in five segments, which include the Passenger Airline Group, Logistics, MRO Services, Catering, and Other Activities (Lufthansa Group). Lufthansa, as a group, may have fewer effects of firm-speci fic risk compared with individual segments and their associated subsidiaries. Lufthansa Group appears well-diversified within the aviation industry. It may mean that it would have a smaller beta since the beta is derived from the sensitivity of the group's returns to that of the market index. Lufthansa Group (18) uses a beta of 1.1, which can be considered a lower beta, indicating that the stock return varies 1.1 times the market returns. The group has five segments. Passenger Airline Group segment contributed 73.5 percent of revenue in the financial period that ended December 31, 2016. It can be compared with 11.1 percent for MRO, 8.1 percent for Catering, and 6.5 percent for Logistics (Lufthansa Group u3). The low beta is likely to be used in non-core segments because Passenger Airline Group would contribute over 70 percent of the beta, based on its contribution to the group's revenue. It would mean that riskier investments, such as Catering and Logistics segments, would be consid ered to have more stable returns than the actual measure of their risk. A different scenario would occur when the group uses a higher beta for all divisions. Within the group, there could be segments that are experiencing higher growth than others. In addition, there are segments and subsidiaries that are larger in size than others. According to Da et al. (207), high capitalization firms may have lower CAPM betas compared with stocks experiencing high growth. Some segments within the Lufthansa Group involve high growth subsidiaries, such as MRO Services, which deserve to be allocated higher betas. The problem with allocating a lower beta to such a segment is that some projects may be approved while they have been allocated a lower cost of equity derived from a lower beta. It can lead to outcomes that do not maximize value for investors. Having the core division taking a large size of the group's revenue is another reason for avoiding the use of one beta for all divisions. Lufthansa Group, as discussed earlier, has the Passenger Airline Group accounting for 73.5 percent of revenue (Lufthansa Group u3). Krueger et al. (1277) discuss that the group is likely to impose betas of the core division to other divisions when the core division contributes a large proportion of revenues. It can result in the core division starving some of the non-core divisions with their financial needs when the core division has a high beta. In Lufthansa Group, the core segment operates in the airline business. Lufthansa Group (7) explains that its stock returns are lower than that of the DAX 30 and higher than those of its peers. It can support the perception that the airline business is a low margin industry. As exhibited in the group's 2016 annual report, MRO had an adjusted profit margin of 8.0 percent compared to the Passenger Air Group's 6.4 percent and 3.3 percent for Catering (Lufthansa Group u3). Using a high group beta would reduce investments in the Catering segment while in creasing investment in MRO. This occurs without putting into consideration the business risk associated with each segment. In such a situation, Krueger et al. (1254) suggest that the group would be likely to over-invest in riskier ventures while under-investing in safer ventures. That would be the case if riskier ventures are selected because they promise higher returns than safer investments. Such a behavior of the group could lead to tendencies that destroy value for shareholders. As a result, it fails to compensate investors with higher returns for accepting riskier investments. Krueger et al. (1253) go a step further to suggest that firms ought to use project-specific betas. It would enable the organization to avoid value-destroying tendencies associated with using one beta for all divisions. Using one beta for all segments would result in what Luci and Lleshaj (347) describe as profit-maximizing decisions rather than value-maximizing decisions. It means that the group's manag ers will be financing projects that maximize profits while having little consideration of the risks they bear. Each of Lufthansa group's segment has different levels of systemic risk that ought to be considered in decision making. The managers would not be rewarding shareholders adequately for investing their capital in riskier segments. It would be as if the managers are misrepresenting the risks that shareholders are accepting. The debt to equity ratio of different subsidiaries may affect the value of the beta since a higher size of debt increases risk for shareholders. As Berry et al. express, "higher degrees of leverage commensurately lead to higher levered betas and thus a higher cost of equity" (18). According to Berry et al. (18) the cost of equity is calculated by adding the risk free rate to the product of the levered beta and the market risk premium. Their explanation indicates that it may be important to consider different betas when each subsidiary raises debt capita l on its own or is liable for its own debt. While highlighting the financial strategy of the group, the 2016 annual report fails to indicate whether the company raises capital as a group (Lufthansa Group 14). Its Web site is also quiet about raising capital at the subsidiary level or group level. (Lufthansa Group). Most of Lufthansa's subsidiaries indicate that they are entities with limited liabilities. It suggests that each subsidiary is liable for its own debts. This supports the use of different betas for segments, even if the capital is centrally raised. Venture capital may be raised at the group level at a lower cost, considering the good credit ratings of the group (Lufthansa Group 14). Creditors demand a higher interest rate when they perceive higher firm-specific risk. As a group, Lufthansa is more diversified than any of its segments. Thus, it is less riskier than the segments to creditors. Separate liabilities for segments and subsidiaries support the use of different bet as for each segment. The segments can be affected by interest rates based on where they raise capital. Interest rates are higher in some countries than others. When they raise capital in a country with volatile interest rates it can affect the levered beta of the segments. Lufthansa Group (14) suggests that it favors debt with floating rates. These can lead to the need to alter the levered beta that is used to calculate the cost of equity in the period in which an investment is to be evaluated. Using one beta without having similar proportions of debt and equity for the segments would not result in one WACC for all segments. The reason is that the WACC is based on the cost of equity and debt. Selecting one beta does not solve the problem of using a unique WACC for each segment since the proportions of debt and equity will alter the WACC of different segments, even if they have similar betas. There are a number of factors that may create risk in a business environment. These includ e inflation rates, exchange rates, interest rates, business cycles, new or disruptive technology, and new government policies (Batra and Verma 29). These factors differ, depending on the countries in which a subsidiary operates and where it raises capital. These factors also contribute to the systematic risk, which is measured by the beta. For instance, in the case of the Lufthansa Group, the Passenger Airlines segment may be more responsive to changes in fuel prices than subsidiaries in the MRO segment. Beta being an indication of the level of risk or the possibility in which expected returns may change above or below the market index, it is better to use a different beta for each subsidiary or segment. There is a lot of homogeneity within a segment, with the exception of country risk, that supports the use of one beta and WACC for each segment than for the group, which is known for heterogeneity among segments. Country risk, mentioned above, is one of the factors th...

Research In Cognitive Behavioral Therapy (Cbt) Has Had

Research in cognitive behavioral therapy (CBT) has had recent success in effectively making CBT one of the most—if not the most—empirically supported psychotherapy (Spiegler, 2010). The more research in CBT, the more effective and understood the therapies are. Without a thorough understanding of how and why therapies work, it can be difficult to know which therapy would be most effective with a given patient. Additionally, the success of new innovations in third generation psychotherapies, such as acceptance and commitment therapy, dialectical behavioral therapy, and mindfulness-based interventions, is greatly attributed to research in CBT. Also, there is a growing amount of research of various minimally supported treatments within CBT†¦show more content†¦Conversely, findings from studies that use outcome research can be used to identify the strength of one therapy over another. This is also important to determine so that patients receive the best type psychot herapy available to them. For example, a case study can suggest that minorities that fit a specified demographic do not respond to a commonly used treatment as well as a less used treatment for a specific psychological disorder. Although case studies often have issues with external validity because of small sample sizes, it is useful to know that if one therapy could be uncharacteristically more effective over another more widely used therapy for that specific demographic. Process research, unlike outcome research, is primarily used to determine how and why a therapy leads to the outcomes that it produces. In other words, process research seeks to understand the mechanisms of change of therapies. Process research is typically carried out with experiments designed to isolate and evaluate specific aspects of therapy. Also, process research can be carried out by collecting data through already published articles and comparing them against each other. Despite the importance of process r esearch, it is less commonly carried out in comparison to outcome research. With that being said, McMain et al. (2015) expresses that with outcome studies being so widespread, there is not enough progress studies to answer important questionsShow MoreRelatedCognitive Behavior Therapy (CBT)1559 Words   |  7 PagesAssumptions and Definition Cognitive Behavior Therapy (CBT) addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes. This is an effective treatment for patients who are dealing with anxiety and depression. CBT refers to a group of psychotherapies that incorporate techniques from cognitive therapy and behavior therapy. Albert Ellis and Aaron Beck are the two psychologists who came up with therapies. Beck developed the cognitive therapy (CT) that focuses on changing theRead MoreCbt For Depression And Parkinson s Disease941 Words   |  4 PagesAnother study that shows the effectiveness of CBT took a look at the use of CBT for depression in Parkinson’s disease. According to scientists depressed patients with Parkinson’s disease could show greater improvements in anxiety, quality of life, coping, and Parkinson s disease symptoms if treated with CBT. The purpose of their study was to examine the efficacy of individually administered cognitive-behavioral therapy (CBT), rel ative to clinical monitoring (with no new treatment), for depressionRead MoreCognitive Behavior Therapy And Therapy1201 Words   |  5 PagesThere are many that have contributed to cognitive behavior therapy or CBT throughout the years but we are going to focus on the founders of modern day CBT, Albert Ellis and Aaron Beck. Ellis is responsible for the Rational emotive behavior therapy, the first of the CBT in the 1960’s. The bases of REBT is suggest that a patient’s emotional distressed stems from their thoughts about a traumatic event, and not the event itself. Ellis developed this approach as a means to get over his personal problemsRead MoreCognitive Psychology : Cognitive Behavioral Therapy1700 Words   |  7 PagesCognitive Behavioral Therapy Cognitive behavioral therapy is a school of psychotherapy that intends to assist individuals with conquering their emotional issues. A focal idea in CBT is that you feel the way you think. Therefore, CBT focuses on the fact that you can live all the more cheerfully and effectively in you begin thinking with a better mindset. CBT urges you to comprehend that you re thought process or beliefs lie between the occasion and your definitive sentiments and activities. TheRead MoreCognitive Behavioral Therapy Essay example1507 Words   |  7 PagesCognitive behavioral therapy (CBT) is among the most extensively tested psychotherapies for depression. Many studies have confirmed the efficacy of cognitive behavioral therapy (CBT) as a treatment for depression. This paper will provide background information about the intervention, address the target population, and describe program structure and key components. It will also provide examples of program implementation, challenges/barriers to imp lementing the practice, address how the practice supportsRead MoreTreating Childhood Depression from a Cognitive Behavioral Therapy Approach1163 Words   |  5 PagesTreating Childhood Depression from a Cognitive Behavioral Therapy Approach Depression in Children: Cognitive Behavioral Approach Patricia Kilgore University of Phoenix Depression in Children and a Cognitive Behavioral Approach Depression in children stem from a variety of factors relating to health, history, life events, genetic vulnerabilities, family history, and biochemical imbalances. Every individual showsRead MoreGeneralized Anxiety Disorder ( Cbt )1530 Words   |  7 Pages Generalized Anxiety Disorder and Different Styles of Cognitive-Behavioral Therapy Tornike Rakviashvili University of Maryland Baltimore Co. The purpose of this paper is to examine different ways of using CBT in treating anxiety disorder. Cognitive Behavioral Therapy (CBT) is one of the most used approach in treating anxiety and depression. There are different styles of CBT that are used to treat different subtypes of anxieties. However, the main focus of this paper will beRead MoreTrauma Focused Cognitive Behavioral Therapy1720 Words   |  7 Pagessymptoms (Cohen, Mannarino Iyengar, 2011). Trauma-Focused Cognitive Behavioral Therapy (TF-CBT) is basically a conjoint parent and child psychotherapy approach for kids and teenagers who are undergoing significant behavioral and emotional difficulties pertaining to traumatic life events (Jensen et al., 2014). In essence, it is a components-based treatment model incorporating trauma-sensitive interventions with family, cognitive behavioral, as well as humanistic techniques and principles. ParentsRead MoreSocial Anxiety Disorder : Symptoms And Treatments Essay1533 Words   |  7 Pageswhich people experience enormous social phobia and are irrationally afraid of being judged by others in social settings (Lima OsoÃŒ rio, 2013).Although it is considered as a common anxiety disorder, I do believe that with appropriate treatments and therapies, individual approach to each patient and willingness to help them, many people can overcome the social phobia, can make stronger interpersonal relationships with their friends and relatives, and can integrate into their social community with no orRead MoreIntensive Individual And Group Cognitive Behavioral Therapy For Obsessive Compulsive Disorder Essay906 Words   |  4 PagesLiterature Review Intensive Individual and Group Cognitive Behavioural Therapy for Obsessive-Compulsive Disorder This article highlights the experience of a 46 year old woman with obsessive compulsive disorder, and how adding cognitive behavioral therapy to her treatment benefits her. Obsessive compulsive disorder is a disorder which affects approximately 2 to 3 percent of the population (Salkovskis, 2007) (Taylor Reeder, 2015). Cognitive behavioral therapy is a method of treatment recommended by the

The Marx s Theory Of Alienation - 1898 Words

Karl Marx is undeniably one of the most influential philosophical thinkers that emerged in the 19th century. His ideas were ignored during his time, however they’ve gained wide recognition in the years after his death and are still widely called upon today during many philosophical, social, and economic debates. Amongst his famous theories is his ideas on the morality of Capitalism as well as Socialism. However, a theory of his that reigns supreme in many different aspects of modern day society as well as the past is his theory of alienation. Marx’s feels that modern means of production under certain conditions could cause the collapse of the worker. They would ultimately loose control of their life as a result of losing control of their work. The four major works analyzed in class all seem to have a revolving major theme of alienation in some aspect that cripples man’s ability to be a productive and effective being in society. Candide by Voltaire, The Communist Manifesto by Karl Marx and Frederick Engels, The True Believer: Thoughts on the Nature of Mass Movements by Eric Hoffer, and The Colonizer and the Colonized by Albert Memmi all, in some way, effectively show the coupling theme of man’s alienation from society that reverts him to certain circumstances and in turn creates tension amongst the alienated man and the major portion of society that doesn’t endure alienation. In Candide by Voltaire, Candide suffers alienation through several stages throughout the book. HisShow MoreRelatedMarx s Theory Of Alienation Essay2104 Words   |  9 Pagesabout the background of of Marx s alienation theory, then briefly introduce the dimensions of alienation. The diagreement of Marx’s key theory from Weber’s concept and the agreement of Marx’s concept by discuss Marx’s theory of alienation apply in Chinese sociological development and influence on building a harmonious society.In the 19th century philosophe r Hegel introduced alienation as a philosophical concept . From a philosophical point to define the so-called alienation means that under certainRead MoreMarx s Theory Of Alienation1298 Words   |  6 PagesKarl Marx (1818-1883) who believed that society is proportioned into two: The capitalists, and the workers. The capitalists are the dominant class, they are the elite members of society that come from wealth. The workers are the middle class, they work to survive in society. Although the capitalists are from wealth, the majority of the population is middle class. Because the capitalists have wealth and significant control over the middle class, there is inequality of power in society. Marx had observedRead MoreUnderstanding Marx s Alienation Theory1217 Words   |  5 Pagesunderstand Marx’s alienation theory, one must understand that this concept is broken down into several smaller parts that then create one outcome. Within a capitalistic community, two different socie ties are created in a state; these two societies are property owners and laborers. Capitalistic systems will eventually being to create alienated labor when it separates a worker from their owner’s personal reality. This might not be intentional, but it will happen regardless. Unfortunately alienation within aRead MoreKarl Marx s Theory Of Alienation Essay1686 Words   |  7 PagesSociologist Karl Marx concentrated deeply on economic problems and related these matters to social issues. For example, when Marx examined capitalism in the labour sector he came to the conclusion that it drove workers to feel alienated from the product, themselves and those surrounding them. This essay will firstly give a brief overview of industrial capitalism and discuss Karl Marx’s early life and how he came up with the theory of alienation through his influences and life experiences. SecondlyRead MoreKarl Marx s Theory Of Alienation Essay1553 Words   |  7 PagesKarl Marx’s the ory of alienation states the consequences of living within a capitalist society that is made up of stratified social classes. The working class is alienated because they are deprived of the right to think or direct their own actions without the oppression of the economic entity controlled by the Bourgeoisie. Emile Durkheim’s theory of anomie was developed during a great capitalist growth, the industrialization revolution. The mass population could not keep up with the constant changeRead MoreMarx And Engels s Theory Of Human Alienation Essay1455 Words   |  6 Pagesand Engels believed that the system at work of labor in society created a general alienation of people from consciousness of their â€Å"species being†; consciousness of being human. Within this theory of human alienation, Marx and Engels provide three components from which people are generally estranged from: the objects of labor, from nature, and from the labor itself. Plato, in contrast, believed tha t human alienation lived on the basis of specialization, efficiency, and lack of education. That peopleRead MoreThe Theoretical Relevance Of Marx s Theory Of Alienation859 Words   |  4 Pagestheoretical relevance of Marx’s theory of alienation has been the subject of much contention since the posthumous publication of his Economic and Philosophical manuscripts in (). While the notion of alienation, along with its distinctly Hegelian underpinnings, has frequently been dismissed as a youthful error in comparison with Marx’s supposedly more ‘mature’ work, I argue that it is fundamental to his critique of capitalism. As Sayers (p.xi) notes, â€Å"After his early period, Marx did not often use the termRead MoreKarl Marx And Durkheim s Theory Of Labor Alienation1419 Words   |  6 Pageslabor. Both Karl Marx and Emile Durkheim, under this context of burgeoning market economy, sought to understand modern society and the underlying relations that lead to thei r formation and progress. In this essay, I will argue that while both Marx and Durkheim acknowledge the role of economic growth as a main driver of human society in their theories, they differ on the type of social relations that developed in tandem, relations that formed the basis of the division of labor. Marx (1978, p. 212) viewsRead MoreKarl Marx s Theory Of Human Exploitation And Alienation Under Capitalism Essay1550 Words   |  7 Pagestheir own name. That being said, some, such as Karl Marx, find the capitalist system dehumanizing and see a dire need for its abolition. In this paper, I will present an argument against Karl Marx’s theory of human exploitation and alienation under capitalism. I will begin by discussing Marx’s basic beliefs on human nature. I will then use this foundation to present Marx’s argument against capitalism and how he believes it leads to human alienation. Lastly, I will refute Marx’s argument against capitalismRead M oreThe Between Class And Alienation1655 Words   |  7 PagesWhat are the links between Class and Alienation According to Marx? According to Marx the types of alienation are an inevitable outcome of a class structured society, which is why he foresaw communism as the solution to prevent alienation and its negative effects. A communist society could potentially resolve structural economic related alienation between humans by removing class conflict. However it does not account for alienation as a result of other forms of stratification such as gender and ethnicity

Business Experience Project for Broadband- myassignmenthelp.com

Question: Discuss about theBusiness Experience Project for National Broadband. Answer: Introduction/ Synopsis of the Case study The purpose of the current case study is to analyse the issues that are encountered by the National Broadband Network (NBN) Co. This is one of the major organizations in Australia that controls the wholesale market for the open-access data network and wired data network that deals with both wireless radio and wired forms of communication. The business organization was established in the year 2009 with the aim of development of the high speed communication technology. The main purpose of the network is to remove the barriers of communication. One of the main objectives of the organisation is to ensure that all the people in Australia are able to access high speed Internet service, which will help in the development of technological infrastructure of the society. One of the major issue and period that are encountered by people of Australia to access high speed Internet it is due to high cost involved in setting up the infrastructure. With wireless mode of communication it is possible f or NBN to reduce the cost of broadband Access for common people. In order to fulfil the mission NBN has set up the infrastructure that has allowed wholesale open access for the broadband network. This Access can be used by all local networks to improve the bandwidth speed. The Retail service providers are responsible for distributing user end Internet connectivity. This will help in the telecommunication field of Australia. It is also possible to generate a business environment of healthy competition in the telecommunication market. The customer in the market will also get the opportunity to choose from a wide variety of broadband network. The comment of Australia has also published statement of expectation, which is a supplement to change the mandate of the policy. The ownership of NBN is among the Commonwealth of Australia which is a public sector organisation controlled by government policies. This is incorporated under the policy of Corporations act 2001. The operation is also controlled by Performance and Accountability Act 2013 (Alizadeh 2013). The purpose of the NBN services to provide high Internet connectivity for both commercial and domestic purpose. As per the commitment of the organisation it is supposed to provide an Internet speed of 25 megabytes per second. The organisation is also planning to double the speed 90% of their existing areas. This is believed to unleash the technological potential that is possible due to Government support. The partnership of various retail sector units has made the Internet connectivity reaches out to various remote areas. The current case study is him to highlight up on the issues that are encountered by the national broadband network. In spite of the effective business plan of NBN, the organisation has failed to produce direct demand in the Retail Industry of broadband network. Hence, it is not possible for the customers to directly access the internet connectivity at lower price, which is one of the major aims of NBN. This case study will highlight up on major fact related to all the issues encountered by NBN and thereby will aim to highlight upon the issues that can help them in future sustainability Alternative solution will also be provided in order to deal with the existing issue and ensure there is no disadvantage associated with current business model. Alternative solution will also help to provide proper documentation to deal with the existing issue. Appropriate planning is also necessary as a part of the recommendations that are provided as a part of the case study. Findings The section of the case study will focus upon the issues faced by NBN, which will be supported by facts and statistics. It is also important to identify the underlying cause for the issue, which will help in the matter of implementing relevant solutions. One of the most common issues that are encountered in the management of NBN is due to low Internet bandwidth speed in many areas. This is a major challenge during the peak hours of a day, when all type of domestic and commercial activities are going at full speed. This is not only compromising up on the reputation of NBN, but also hampering the technological infrastructure in many parts of Australia. Nearby it is not possible for the people to get the advantage of high speed Internet service. As per the report of the statistics it is clear that 71% of the users associated with the service of NBN has encountered issues due to low Internet speed during peak hours. 28% of the users have also encountered total blackout. Most of the cases of Internet blackout or low bandwidth speed are reported during 10-12 hours and 14 to 16 hours (Katz 2012). It is important to mention that one of the major cause of the issue is due to the fact that it is not possible for NBN to deal with all types of i nfrastructural issues. NBN is dependent upon local retail service provider in order to develop upon the infrastructure in every local areas of Australia. The findings of the recent reports suggest that the business partnership model of NBN with small scale retail service providers has failed. This is mainly due to the fact that it is not possible for the small scale retail organisation to bear the high cost that is involved in the process of setting up infrastructure for high speed wireless Internet communication (Li 2012). Hence, in most of the cases the national broadband network has not been able to provide the proper funding that is necessary to setup the infrastructure for high Internet speed. Additional to all as far as the latest report the authority of national broadband network is not understanding the significance of the problem and thereby putting the blame for the issue on government organisation. One of the major organisational aims of NBN is to become financially independent and pay back all the dues paid by the government. Nevertheless, the basic principles that have been implemented by the organisation in deciding upon their pricing strategy have got their own loopholes. Hence, it is not possible for the organisation to collect enough revenue from the public. One of the major complaint raised by the organisation in the context is about the fact that the retail Internet providers are not buying enough Internet service from NBN. As the bandwidth service remain unsold, most of the servers are not operated by NBN, thereby resulting in slow speed of Internet (Nansen et al. 2013). One of the major fault of the government in this case is that they failed to provide the social value the high speed Internet project that have been initiated by the authorities at National broadband network. The social value need to be implemented with the help of reducing the complexity in the pricing model. There have been an increased number of cases of blame game among the Telecom industries, which is not able to focus upon the Ultimate cause of infrastructural issues. Acting as one of the wholesale distributor of Internet bandwidth, NBN charges a certain fee the installation of ISPs, which is dependent upon the speed of the bandwidth or the volume of Internet that will be consumed by the user. This fee is called the Connectivity Virtual Charge. Nevertheless the main issue in this context is due to the fact that the government is charging a high amount of tax of 7.30 dollar per month as a service for end users. Hence, most of the Australian consumers are facing issues due to high level of pricing charged for accessing high speed Internet service (Falch and Henten 2010). It is also believe that the issue of low Internet speed is also compromising up on some of the national social service like education and Healthcare. Hence, it is not possible to provide effective social service to the Australian consumers due to poor infrastructural condition. One of the issues that are believed to be responsible for infrastructure in pricing model of NBN is due to the initial failure of implementing business partnership theory. One of the bases of business model of NBN is dependent upon partnership that is formed with local retail Internet provider. However, the economics of the business of Indian is dependent upon the wholesale business model. Hence, it is not possible for the organisation to create retail business demand. The pricing model that have been introduced by the organisation have not initially analysed all the external threat. In a given context it is important to mention about porter's five forces, which is believed to be one of the effective marketing tool to identify all kinds of external threat in a business environment. In spite of high demand of high speed Internet service, there is high level of threat from external supplier. NBN is highly dependent upon supply of fibre material from external business partners. The threat in this context is due to the fact that in the current scenario the organisation is only dependent upon few numbers of suppliers and thereby often has to pay high price. Moreover, there is the threat of new alternatives that can provide high Internet speed from that of the fibre cables. There are also new small scales Enterprise, who are setting up business to make use of the available opportunity in the Telecommunication industry. With the entry of new business organisation, who is offering high speed Internet service at much lower cost, NBN is also facing the threat from high pow er from the customer, as they have the option of purchasing Internet service at much lower price. The tax level of the small scale Internet provider is mast were compared to that of the Internet service of national broadband network, which is lower almost at the rate of 50%. Discussion From the previous section it is clear that one of the major issues encountered by the national broadband network is it due to poor level of funding in setting up of basic technological infrastructure needed for high Internet speed. Organisation also failed to identify all the external threats that are associated with in the telecommunication industry. This is mostly due to the fact that the company has not been able to generate retail demand and neutralize the threat of alternative service. Due to all the issues and basic infrastructure level, it is not possible for the national broadband network to provide proper solution for the low Internet speed and blackout that are encountered in the middle of the peak hours. One of the effective ways to deal with the issue of Internet service provider is develop effective business partnership network with various industrial sectors in a technological domain. According to Given (2010), one of the major reason for success for the modern digital Revolution is due to the fact that most of the large scale electronic band are able to develop effective business partnership model. One of the suitable solutions for the national broadband network in this context is to develop effective business partnership model (Cradduck 2011). This can help the organisation to get proper supply of raw materials that is needed to develop technical infrastructure and provide high speed Internet network in all parts of Australia. As mentioned in the previous section, the Internet service of national broadband network is dependent upon fibre cable and wireless Technology. It is important for the organisation to get proper supply of electronic parts and circuit that is needed to set up the Internet servers. Hence, Outsourcing of business service can be one of the proper solutions for National broadband network to deal with the existing issue of Internet blackout and low speed. One of the major business advantages that the company can enjoy with outsourcing is the ability to improve upon the networking capability. They can also hire business ideas from large scale organisation like Cisco. Hence, it is possible for them to get the infrastructure and roadmap to implement safety in the networking business and provide secure intelligent information for all domestic and commercial uses in Australia (Alizadehand Farid 2017). They can also hire the Cloud Service network from large-scale organisation, which is believed to be one of the effective ways to improve the technological infrastructure of Internet bandwidth. In Spite of the business plan of NBN to local retail business partnership with local retail Internet providers; it was not possible for the organisation to increase the demand from the retail section. With implementation of outsourcing business model it is possible for the organisation to develop business partnership with all small scale service providers and thereby able to successfully reach out to all types of stakeholders and meet up with the demand. It is also possible for the organisation to hire technical experts from third party agents, which is also believed to be one of the major advantages of business outsourcing. On the other hand as mentioned by Nansen et al. (2013), one of the major disadvantages of outsourcing business for networking industry is due to the Complex level of policies that need to be implemented for smooth functioning of business operation. There is also high risk involved in the matter of security, where sensitive are classified information can get leak out due to increasing trends of Cyber criminals. The customers can also face issue due to authentication, as in many cases NBN has to hire Internet service from other business network. Additional it is also relevant to mention that without proper business set up, it is not possible to coordinate business partnership. However, with effective business partnership and networking it is possible for the organisation to establish open network. This is believed to be one of the effective way to implement flexibility and provide adaptive solution to all forms of networking issue that are encountered in the modern day digital world (Wilken,et al. 2013). With the help of open network it is also possible for the organisation to provide more option to the customers and thereby ensure that they are able to meet up with the growing demand of the industry. The implementation of latest innovation can be encompassed with the open network, which will enhance the overall supply chain. One of the major issues that have been encountered by the national broadband network is due to the fact that they have not been able to implement effective pricing strategy in their Service Delivery model. Hence, organisation can use the theory of marketing mix that is believed to be useful in deciding upon the pricing strategy. One of the major advantages of implementing effective pricing strategy is due to the fact that it is possible to collect important information from the networking business market (Diaset al. 2014). As mentioned previously one of the major issue encountered in the national broadband network is due to the high cost of Internet service it is mainly due to excess level of tax imposed by the Australian government. With effective pricing strategy it is possible to analyse the external business environment in the networking industry and thereby able to understand the taxation policy that are imposed by the government in the respective areas. It is often believed tha t pricing strategy is one of the crucial factors that help to influence upon the customer decision making process (Valle de Souzaet al. 2016). With the demand of Internet service going high in the current age of digitisation there are a lot of Internet service providers entering the market with and offering low cost service. The additional unique features are always welcome by the customers, which can help them to enjoy better Digital Service in personal and professional aspects. Pricing strategy is also affected due to the fact that this one of the key element of marketing mix and thereby help to provide a better market position of the brand in the respective industry (Tiwariet al. 2016). It is often believed that service providers, who are able to provide the best cost effective network to the customer, are able to capture majority of the market share. This in turn helps to provide better brand image of the organisation. The leading brand in the respective industry has a major role to play in deciding upon the pricing strategy that is implemented. In other words, it is possible for the national broadband network to play an important part and deciding upon the cost of Internet service in Australia as they are one of the biggest public sector organisations, who are providing up with modern Internet service. On the other hand, one of the major negative aspects of low pricing strategy is due to the fact that there is high risk of lowering of the service quality (Wilson 2014). In many cases it has been seen that large scale business organisation in order to control the market share lower the price of service by compromising upon the overall quality of service or product. In the given context of networking industry, where there is high level of threat from business rivalry, companies do have taken the risk of lowering the price which will help them to better sustain in the networking domain. Hence, the pricing strategy is believed to be effective in dealing with all major challenges encountered by the national broadband network in the current context of Internet service providing industry of Australia. Conclusion From the above case study it can be concluded that the national broadband network is currently one of the major Internet service provider in Australia, who have been able to succeed in the respective domain due to the application of latest form of Technology in the form of fibre wire and wireless communication. One of the major reasons for rising popularity of the high speed Internet service by NBN is due to the fact that they are able to deliver wholesale Internet communication service, which is usually achieved through business partnership with small scale Retail Industry. The small scale Retail organisations are responsible for providing better quality of Internet service to all domestic and commercial uses in Australia. However, in the recent days one of the major issues encountered by the Internet service of national broadband network is due to the fact that they are not able to provide uninterrupted high speed Internet service. This is mostly due to the Internet blackout issues encountered in various places during the peak hour of the day. Failing to implement proper technological infrastructure at the initial period in many remote places due to lack of government funding is believed to be the root cause of this technical issue. Moreover, in spite of the business model of partnership it was not possible for the company to generate proper retail demand for Internet service, which resulted in lack of revenue income. The government is also responsible for the existing issue due to the fact that it has not been able to promote the social value that is needed to improve upon the technological infrastructure of the Australian society and provide uninterrupted high speed broadband service. One of the major possible solutions for the existing issue that has been mentioned in the case study is to outsource business resource in the form of advanced telecommunication network. This is believed to help the organization to lower the price of Internet service is there possible to outsource essential networking resource at much lower cost from third party agents. This can also encourage time to implement the solution of open network, which will provide the opportunity to the users to get the access of high speed Internet service. Nevertheless, it is important for the company to deal with Complex level of policy that is usually involved in matter related to Outsourcing business resources. Another major solution that can be implemented is related with the pricing strategy. Here, it is essential for the organisation to collect necessary information from the external business environment and thereby able to implement proper solution to reduce the cost of high speed Internet service. However, it is essential to ensure that the quality of the service is not compromised while focusing upon low cost Internet service. Recommendation It is highly recommended for the national broadband network to follow and implement the policy of Outsourcing business service. As during the initial period the organisation has aimed provide networking service to the public in the form of retail sector, hence forth by implementing the policy of outsourcing business it is possible to increase the demand of retail unit. As the demand of the retail sector of high speed Internet service will increase, it will be possible for the organisation to generate more revenue and thereby improve upon the existing technological infrastructure. It will be there for possible for National broadband network to reduce the cost of high speed Internet service, which is one of the major existing issues. It is also believe that the issue of Internet blackout is mainly due to the fact that NBN has not been able to properly utilise all the existing service that is needed for wireless telecommunication network. With more revenue generation it is possible to update the existing networking server and thereby improve upon the bandwidth. This will minimise the chance of any form of interruption that is currently causing all forms of issues of internet. It is also possible with the help of business Outsourcing to improve upon the human resource policy associated with the service of the networking business. Moreover, business partnership with large scale organisation like Cisco can help the national broadband network to hire advanced form of Internet server that in turn can help to develop the business model of the existing networking chain. As mentioned by Gunaratne et al. (2015), one of the crucial success factor of all networking business is to have advanced level of supply chain. With the help of business Outsourcing responsible for the national broadband network to improve upon their existing supply chain process. 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