Evaluate the Foodservice Operation Essay

As time passes by, people were expecting also an improvement in the way cultural institutions would like to show what they got. If you have gone to a museum once, or other cultural institutions, you would probably go back some other time due to the liking in the place and its content. However, an expectation of seeking new experiences would probably be born onto you. Cultural institutions have been making many improvements and developments for the people visiting the place. Such improvements and developments are through exhibits, experiences, facilities, amenities, and many more. Together with the improvements is the food service. The fact that people are now becoming aware of the food trends which are probably seen in the television and the styles of serving and preparations of foods, the need for the improvement of the food service in this cultural institution is a must. Look at this; would anyone have much interest to go to the cafeteria in basement or in any place in the museum, having an old-fashioned theme, walking in a dark path? Someone might lose his/her appetite. Food service operations, such as having cafeterias, food courts and in any other form inside of the cultural institutions, enhance the satisfaction of the people who visits the place. In addition to that, it can also produce additional revenue for the institution and made the entire facility a place to go. Imagine, someone had to walk for a long time to see the cultural institutions have to show. Then the time he/she would be thinking of rest, he/she can then go to the cafeteria and have a rest while recharging his energy through eating. This is how Andy Zakrajsek explains how foodservice operations are important in such cultural institutions. He is the current director or retail businesses and the manager of the Brain Food Court together with the other operations regarding foodservice at the Museum of Science & Industry (Levin, 2006). Food Service Mission A place to rest and unwind The main mission of having a food service operation in a cultural institution is to give time for the people visiting their place a time to recharge, say after an 8-hour tiring strolling looking on what the place have to offer . A need for nourishment can be given by these food service facilities. Another thing is to give time for the visitors to sit beside their friends and families, while enjoying the beautiful scene of the place. Through this, visitors then have the opportunity to unwind and take some rest for the next hour/s going back to see more of the exhibits present on the place. To generate additional revenues Not only on the outside or special occasions are catering on the play. At the Museum of Science & Industry, there are also special events celebrated with which catering services held by the Brain Food Court under Andy Zakrajsek are on the roll. This catering on special events was considered to be one of the activities which generate a large amount of revenues. The museum and all other cultural institutions were designed to have a large area for special events and gathering such as large lobbies, atriums, amphitheaters, etc†¦ However, there is also a need for spacious places inside the cultural institutions; this is in addition to the accommodations needed for the gathering, but also the need for the foodservice preparations. Considering the costs of the foodservice preparations, having a place inside the cultural institution as the preparation area, will costs lesser than renting a place to takeover or a catering service outside, while earning greater profit. Must Adapt to Changes There are also called peak seasons and valley seasons on the museum. The number of visitors may vary from day-to-day or from season-to-season. For example, there can be thousands more of visitors which comes to visit the museum during summer, and by a hundred during winter (Johns, 2006). Due to this ‘seasons of change’, the foodservice must be adaptive to this kind of situation. The foodservice then must be flexible. Since there would be a large number to serve during warmer days, the foodservice operation must also consider the safety, but still must be in efficient manner. And in cold winter days, there must be an operation that shall consider the minimal staffing to lower the expenses. Andy Zakrajsek had thought of this problem and had also find solution to resolve this problem regarding the peaks and valleys. He said that having equipments and designs of the facilities which are flexible should be the best solution for a cafeteria and other foodservice facilities. The museum had undergone major renovations on their designs to adapt with the changes in numbers of guests that will arrive. Considering the case that occurs during cold winter days with which only a few numbers of guests arrives at the museum. The application of these flexible equipments and facilities can be seen; such as shutting down of some of the stations allocated for cooking. Doing this will lessen the costs for the amenities, and also to reduce some staffs. The need for an exceedingly flexible equipments and facilities is a must in order for the foodservice operations to handle the changes with regards to the numbers of crowds and the changing food trends. To Look Great while being Durable The food court and cafeterias are the one responsible for the foodservice operations. Together with other facilities and areas in the museum, the food court and cafeterias must also look really good as elaborated by Andy Zakrajsek. The museum’s food courts and cafeterias have been visited by a million and a half of visitors every year, many of them were kids. In addition to the foodservice operations, the manager of the foodservice operations had included in the food courts and cafeterias some carts, strollers and backpacks having buckles (Levin, 2006). This will make it easier for visitors to handle their kids, and for the place to be in control and in stillness. But these additional equipments must also be durable through time. There had been some changes together with the major renovations, on the floors and walls of the food courts and cafeterias. The food court and cafeteria’s floors were replaced by stain-proof and scratch-proof floorings while still having a nice design. As Andy Zakrajsek explained, they needed an industrial-level of surface materials while still giving an interesting look and designs. Educational Purpose One of the major purposes of the cultural institutions was to educate. Foodservice operations also included this purpose on their operations. There is a ledge purposely designed in front of the pizza and grill stations of the museum. This is made so that children can step onto it so that they can see and observe the cooks while working. The window protectors which divide the stations for cooking and the customer’s area were made of clear glasses which are in lower position relative to the customers view. This is an intended work so that the visitors can make a better look at the cooking and food preparation. Is it profitable? The manager of the Brain Food Court and the other foodservice operations of the Museum of Science & Industry, Andy Zakrajsek, had focused on two things. They made critical and complete evaluations on the foodservice operations. They had evaluated the department for the special events of the museum. The first thing they evaluated are the following; how it functions; how the food courts, cafeterias and foodservice operations connected to the museum and how will it serve the guests; and had also evaluated the quality of the management used and the staffs of the foodservice operation. The second thing they did is reviewing the catering program. The purpose of this is a way easy, the optimization of the income that the museum can earn. After the evaluations and reviews done, they made improvement and developments regarding the concerns stated above. The result is that the net income of the museum had increased up to 250% within five years (Greenbaum, 2004). What makes foodservice profitable is that it enhances the cultural institutions overall purpose, having cafeterias and food courts, catering and other special events and foodservices, make the increase in the number of visitors in the museum, this is the main supporting evidence how foodservice operations make the institution more profitable. As stated by the by Andy Zakrajsek, the catering on the special events held at the museum was considered one of the activities which generates a large amount of revenues. Conclusion The importance of the foodservice operations in cultural institution is extremely high. Thus, this implies that the planning about the foodservice operations must be included on the design process of every cultural institution. Summing it up, there is a critical role played by the foodservice operations in a cultural institution, and planning it up early and having it is one of the measures of success of the institution. Foodservice operations are responsible for the enhancements of the institution, which controls the increases the number of visitors, in which it brings huge revenues to the institution.

The Marshall Plan

THE MARSHALL PLAN By the end of World War II much of Europe was devastated. The region’s economic structure was ruined and the devastation to agriculture left millions starving and homeless. During the war, Axis powers targeted the transportation infrastructure, leaving railways, bridges, and roads in a state of severe disrepair. Much of the civilian merchant shipping industry had also suffered severe damage. Due to the economic strain placed on the European countries during the war, many had exhausted their treasuries. If not for The United State’s aid in the form of the Lend-Lease program during wartime efforts, this damage would have been much worse and the outcome may have been different. The United States however, did not suffer the same severity of destruction on its own territory. Consequently its massive agriculture and manufacturing base was still intact. For these reasons, The United States saw it necessary to offer goods, services, and monies to any European or Asian country, be it an Allied or Axis power. The U. S. continued providing aid after the war was over. Between 1945 and 1948, the U. S. ent $12 billion in aid to European Nations. The world’s major economies were crumbling and the U. S. realized the global impact. General George C. Marshall introduced a recovery plan in 1947, the European Recovery Plan or ERP. This plan, which later became known as the Marshall Plan, was the primary program for rebuilding and creating a stronger economic foundation for the countries of Western Europe during the post-war era, 1948-1952. The Marshall Plan provided an additional $13 billion in aid to European nations. Post-war relief from the U. S. totaled $25 billion. With a GDP of $258 billion, U. S. post-war investment in foreign countries totaled 10% of its GDP. For all Marshall Plan participants, the economic output was 35% higher in 1951 than the 1938 pre-war era. Poverty and starvation disappeared and Western Europe began two decades of growth in which it saw a drastic increase in the standards of living. This plan was a key element in European recovery and integration. It erased trade barriers and set up institutions to coordinate a global economy. Efforts were made to model European industrial and business practices using the more efficient American models. The Marshall Plan and the Bretton Woods system mandated free trade throughout the region. Through these acts, European nations standardized international exchange rates, set up the International Monetary Fund and the International Bank for Reconstruction and Development, which is now part of the World Bank Group. The European Coal and Steel Community which eventually became the European Union has roots in the Marshall Plan. Today, the term â€Å"Marshall Plan† has become a metaphor for any large scale government program that is designed to solve a specific social problem. It is usually used when calling for federal spending to correct a perceived failure of the private sector. The Marshall Plan has played an integral part in establishing a global economy. References http://www. polsci. ucsb. edu/faculty/cohen/inpress/bretton. html http://www. archives. gov/exhibits/featured_documents/marshall_plan/ http://en. wikipedia. org/wiki/Marshall_Plan#Criticism http://en. wikipedia. org/wiki/Marshall_Plan http://en. wikiquote. org/wiki/George_Marshall#Essentials_to_Peace_. 281953. 29 The Marshall Plan By the end of WWII the political map of the world was distinctly shaped. The former allies in anti-Hitler coalition entered into the era of ideological, military and industrial confrontation the humanity had never a chance to experience before; a confrontation used to be known as the Cold War with its iron curtain, unprecedented arm race and the support of various regimes including those which built their state doctrine on the ideology of terrorism.The political map of the post-war Europe was divided into two political camps, a pro-Soviet Eastern alliance and the Western Europe exhausted by the bloody war. The natural disasters of 1947-1947 ruined the agricultural infrastructure of some European countries. Especially damaged was transportation infrastructure, as railways, bridges, and roads had all been heavily targeted by air strikes, while much merchant shipping had been sunk.By and large the small towns and villages in Western Europe had suffered little damage, but the destruction of transportation left them economically isolated. None of these problems could be easily remedied, as most nations engaged in the war had exhausted their treasuries in its execution. With the formation of the confronting political camps the urgent political and economic actions were required first of all to reconstruct the economy of the countries opposed to the pro-Soviet block and secondly, to restrain the further expansion of the Soviet Union in Europe.The Marshall Plan (from its enactment, officially the European Recovery Program (ERP)) was the primary plan of the United States for rebuilding the allied countries of Europe and repelling communism after World War II. The initiative was named for United States Secretary of State George Marshall and was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan. 1 In fact the Plan was offered to the Soviet Union if it accepted certain conditions like the changes in the political system and the outer control.It was understood that the conditions suggested by the US Administration would never be accepted by the Soviet rulers. The general idea of the Marshall Plan presupposed the elimination the tariffs, close economic integration and it could be said that the Plan was the beginning of the Euro integration process which is taking place nowadays. The attitude towards the idea of the European reconstruction was rather controversial in America. First of all such foreign policy was new for the United States and changed the foreign policy of the pre-war isolationism.At the same time the lessons of the WWII showed that the global security could not be provided under the isolationism doctrine. The State Department under Harry S. Truman was dedicated to pursuing an activist foreign policy, but the Congress was somewhat less interested. Originally, it was hoped that little would need to be done to rebuild Europe and that the United Kingdom and France, with the help of their c olonies, would quickly rebuild their economies.By 1947 there was still little progress, however. A series of cold winters aggravated an already poor situation. The European economies did not seem to be growing as high unemployment and food shortages led to strikes and unrest in several nations. In 1947 the European economies were still well below their pre-war levels and were showing few signs of growth. Agricultural production was 83% of 1938 levels, industrial production was 88%, and exports only 59%. 2It was the objective reality that the United States was the only country the economy of which was not seriously damaged by the war and the bipolar nature of the post WWII world needed some action restraining the Soviet influence. The ruinous effect of the WWII was the fertile soil for spreading the Communist ideas and consequently the influence of the USSR which was not limited by the ideology only but by the growing military, political and economic presence.On June, June 5, 1947 Se cretary of State George Marshall gave the address to the graduating class of Harvard University in which he stated the preparedness of the United States to give the aid to European countries. The most important provision of the speech was that the Europeans should create their own plan of the economic reconstruction and the United States would finance such reconstruction. UK and France considered it necessary to invite the Soviet Union to join the European program of the post war reconstruction.Such appeal to Stalin would exclude possibly hostility from the USSR on one hand but on the other hand it was clear that the USSR would never accept the offer because the Cold War had already started by that time by the Soviet leaders. The major reason the aid was rejected by the Soviet rulers was that the Plan presupposed the creation of the unified European economy which was incompatible with the command economy of Soviet socialism. The US Administration considered the global economic stabi lity to the guarantee of the political stability and security which was stated in Marshall Plan Speech in Harvard.â€Å"It is logical that the United States should do whatever it is able to do to assist in the return of normal economic health in the world, without which there can be no political stability and no assured peace. Our policy is directed not against any country or doctrine but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist†. 3The position of the Soviet Union and it allies towards the Marshall Plan was rather predictable. Soviet rulers considered the Marshall Plan to be an attempt to destroy the Soviet domination in the Eastern Europe. The USSR allies influenced by the USSR, Poland and Czechoslovakia rejected the offered aid. Finland also declined in order to avoid antagonizing the Soviets. The So viet Union's â€Å"alternative† to the Marshall plan, which was purported to involve Soviet subsidies and trade with eastern Europe, became known as the Molotov Plan, and later, the COMECON.4 Some scholars consider the Marshall Plan to be a milestone and even a starting point on the long term global confrontation known as the Cold War. â€Å"Our analysis of the Marshall Plan will show that it was American policies as much as (and perhaps more than) Soviet actions that finally led to the division of Europe and thus to the Cold War itself. Many historians will feel uncomfortable with this conclusion; and it is certainly not a point of view that is popular with American historians, especially now. Nor should this much surprise us.After all, the Marshall Plan has always tended to receive favorable reviews within the United States—partly because few appear inclined to think critically about an act of generosity involving something close to $13 billion;19 partly because in the context of 1947 the Marshall Plan stood in sharp contrast to its shrill predecessor, the Truman Doctrine; and partly because of the huge reputation of George Marshall, whose role in the Marshall Plan was commemorated by the British government with the scholarships that still bear his name. †5Cox and Kennedy-Pipe suggest that the Marshall Plan was one of the major reasons of the division of Europe and it led to the Cold War. But this approach looks like that which is a little bit simplified. The confrontation of the USSR and USA was unavoidable no matter what political processes took place in the post WWII globe. First of all the confrontation was originally programmed in the ideological difference of the two systems. Nowadays we can observe the nominally Communist China and Vietnam integrating in the world market economy.The modern economies of China and Vietnam have nothing common with the traditional communist command economy. It could be said that the ideological basis of the modern China and Vietnam contradicts completely to the traditional communist approach to economy when the market and the competition according to classics of Marxism-Leninism are aimed to exploitation of the working class and prosperity of the ruling class. Nobody knows what kind of confrontation would be if the Marshall Plan were not introduced.One of the possible scenarios could be that the Europe remained in ruins, Soviets gained the unlimited influence and the greater part of Europe would get involved into the crazy arm race without any restrictive factor which would lead to the new global conflict. The Marxian ideologists interpreted the Marshall Plan as the manifestation of the US neo-colonial global policy. â€Å"US imperialism has never had need to operate in the traditional manner of the British, French or German imperialisms. These countries had to acquire direct political possession of the colonial areas in order to control, subjugate and exploit them.American imp erialism, with its overwhelming capacity to produce, has always used economic penetration as its main weapon of gaining economic and political control over another country. †6 The American Marshall Plan was heavily criticized both in the United States and abroad. The opinions ranged from â€Å"the betrayal of the American interests† to â€Å"the attempt of global domination† but there was no any reasonable alternative suggested. The political aim of the Marshall Plan as it was stated above was to restrain the Soviet expansion and influence in the post War Europe and the entire world.The United States and the USSR were two global superpowers which defeated the Hitler block. At the same time as it was stated above they have basic system ideological differences which in their essence were incompatible. The United States and the USSR were destined to confrontation due to such differences. The first post – war political initiative of the USSR was the creation o f the pro-Soviet block in Europe. Germany, Italy and Japan were destructed and demoralized to oppose the growing Soviet influence. The spread of the Soviet influence created the real threat to the entire world.What is more, the situation looked like paradox because the United States assisted to strengthen the position of its ideological opponent in the world. Due to its geopolitical position the United States could not provide the symmetric political presence in Europe. The Great Britain ran its traditional isolationist policy. France was not economically and politically strong enough to oppose the Soviet influence. â€Å"If Russia came to control Europe and Asia, this control could be founded only on communist dictatorships maintained against the will of the majorities of the peoples.The mere existence of a great free country like our own, to which anti-Soviet forces could gravitate, would then be a major danger (even more than it is today) to the security of the Soviet political structure. For this reason, the Russians would inevitably focus the full force of their economic and military power upon the destruction of our society, with a view to establishing here a regime subservient to themselves which would make no further trouble for them. They would hope that in this way the conscience of the world could be finally silenced†. 7Such attitude towards position of Russia was a little bit exaggerated especially when Mr. Kennan said about the direct Russian aggression against the United States but still it indicated the real threat of Russian influence in the world. It is worth reminding that Mr. Kennan spoke about the Soviet threat to American society in 1948 when there were only two dominating military and political forces in the world, the USA and the USSR, one of which started forming the military and political block risking the superpower global balance. It is worth noting that the initial confrontation of the superpowers was the battle for minds.The Europeans with their destructed economies had the options to choose either the ideology of Communism with its dictatorship and command economy or find the way to rehabilitate their post-war economies on the basis of free market and the United States entered this battle for the sake of the Europeans. The post-war situation is similar to that of nowadays when the United States faces the problem of battling the global terrorism including the economic measures. As Gordon O. F. Johnson notes â€Å"Today we are fighting for the minds of those throughout the world who are inclined to support and sympathize with international terrorists.Just as the aim of the Marshall Plan was to â€Å"drain the swamps† where communism was drawing support, so we today must â€Å"drain the swamps† where international terrorism recruits and draws its support. †8 The outcomes of the Marshall Plan are of great significance for Europe and entire world. The most important of them is that the United States and the civilized community introduced and implemented the unprecedented tool of collective reconstruction. It is worth mentioning that the post-war European economies were rehabilitated by the Europeans themselves with the assistance of the United States.The essence of the Marshall speech at Harvard was that the European countries were supposed to reconstruct their countries themselves and the United States was not supposed to interfere into this process. That is, the United States provided only the tools for reconstruction without imposing any dictatorship. Another important outcome of the Marshall Plan was that the former enemies in the World War II succeeded to join their efforts in building the new Europe taking away the political, economic and ideological disagreements of the former enemies in the bloodiest war of the human history.The Marshall Plan apart from its economic value became the factor consolidating Europe. â€Å"The objective of the Marshall Plan wa s not to solve the problem of poverty by handouts and welfare systems, but rather to foster successful enterprises which would create productive jobs with a genuine future. Jobs and a strong middle class were key to fighting communism. They were key for Europeans to rebuild from the rubble and offer hope for their youth who were the most susceptible to the message of international communism. †8The history of the mankind knows a lot of examples when the political and economic actions were imposed from outside. The Marshall Plan gave the brilliant example when the effective assistance program had the local character. It was taken as fair and sincere action because of its transparency and the complete lack of the outer dictatorship. It had a great ideological value as well indicating that people of the countries which were completely destructed by the devastating war were able to rehabilitate their economies and rebuild their home countries. Citation 1. Wikipedia 2. Ibid 3.Text o f the Marshall Plan Speech 4. Wikipedia 5. Cox and Kennedy-Pipe 6. Homer Paxon 7. George F. Kennan 8. Gordon O. F. Johnson 9. Ibid Bibliography †¢ Marshall Plan, Wikipedia, available at http://en. wikipedia. org/wiki/Marshall_Plan#searchInput, retrieved 9. 11. 2006 †¢ Text of the Marshall Plan Speech, available at http://www. marshallfoundation. org/marshall_plan_speech_harvard. html#top, retrieved 9. 11. 2006 †¢ Cox and Kennedy-Pipe, The Tragedy of American Diplomacy? Rethinking the Marshall Plan, available at http://www. polisci. ucla. edu/faculty/trachtenberg/cv/jcws(marshall%20orig). pdf, retrieved 9.11. 2006 †¢ Homer Paxon Marshall Plan: Road to Conquest Analysis of the American Way of Imperialism, From New International, Vol. 14 No. 5, July 1948, pp. 138-143. , available at http://www. marxists. org/history/etol/newspape/ni/vol14/no05/paxon. htm#top, retrieved 9. 11. 2006 †¢ George F. Kennan on the Strategic Background, available at http://www. marshal lfoundation. org/marshall_plan_information. html, retrieved 9. 11. 2006 †¢ Gordon O. F. Johnson, Lessons for Today from the Marshall Plan, CIPE. ORG Feature Service: Technical Paper Series January 2002, available at CIPE. ORG, retrieved 9. 11. 2006.

One-eyed Mother Reaction paper

A very touching, affecting, and inspiring story that we watch, about a one-eyed mother with her daughter that has disrespect, unloved, and disgrace with her. Her daughter feels that her mother is an embarrassment for her which totally shows how that person despised her mother. For a daughter with one-eyed mother, she felts embarrassment, ashamed, and disappointment. She sees the negative side, actually the negative physical aspect of her mother through the years that her mother taken are for her.Just because her mother has a one eye that she didn't even bother questioning on why her mother Just only have a one eye. And that is because of her, her mother donated her one eye for her because her daughter born with Just have a one eye only. And she wants that her daughter didn't experience the feeling of loneliness that her give to her mother. I bother on why and how that daughter treats her parent, mother in that way.Instead of showing disrespect for her mother that is fervently able, s he Just take good care, show support and most especially she must show love and affection. And she does that to her mother through her whole life until she became a mother too. She didn't even bother to give back to her mother for taking care of her, for loving her, and for giving a good education and good life for her. How cruel Is that? For me, I didn't see myself doing that to my parents or even to my loved ones. I am a very lovable and caring person to the persons that I loved.I ant see that my mother feels that way and I can't do that to her because, I loved her so much. No words can express how I love my mom also my dad so; I can't do such thing like hers. Being a daughter you must show the love and affection to your parents because they always sacrifice the thing that they can give to their daughter and son. I felt so much sadness. I learned that you should love your parents or your loved ones unconditionally because It gives the happiness that you need and happiness that the y also need.

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Intro to Astronmy - Article Example In 200 AD, astronomers believed that planets moved round the earth in small circles called the epicycle. The Heliocentric model later explained that all planets including the sun revolved around the sun. This model also explained that the retrograde motion of planets did so as the earth which moves faster than the other planets overtook the other planets. Other planets are categorized as superior or inferior to the earth. Time that is able to elapse between the configurations that are identical and consecutive is known as the synodic period. It was Copernicus who determined the sidereal period of other planets. He was also able to know the distance between the planets and the sun. Kepler was able to come up with a law that stated that every planet has an orbit that about the sun know as an ellipse. He also came up with the semi major axis. This happens to be the distance between the planets and the sun. The measure of the deviation from the perfect circle is known as the eccentricity. Kepler had three laws to explain the motion of planets and this was a major achievement in the field of astronomy. Galileo was able to discover a lot more with the aid of a telescope. He was able to know that the earth was not at the centre of the universe. With his telescope, he was able to know that the earth was not at the centre of the universe and that the earth was just like any other planet moving around the sun. Isaac Newton later came and introduced three laws. Inertia, force and action and reaction. He was also able to come up wi th the laws of the universal gravitation. The law of gravitation states that two bodies attract each other with a force directly proportional to each and every mass of the two bodies. This force is also inversely proportional to the square of the distance between them. Using the law of gravitation, Kepler’s three laws can be summed up. Newton’s was able to note that every

Banking Crisis Research Paper Example | Topics and Well Written Essays - 3000 words

Banking Crisis - Research Paper Example It is important to ensure close co-ordination between the Federal Reserve and the Government, because monetary policies should be complementary to fiscal policies for achieving the country’s objective of sustainable and long term economic growth. Evolution of Central Banking The concept of Central Bank evolved in the second half of the 19th century. The banking institutions started with commercial purposes or government banks have transformed into central banks in most of the countries. Bank of England model has been adopted by several countries. Central banks became the lender of the last resort and started issuing notes. In the aftermath of the great depression the independence of the central bank has been curtailed in US. However, gold standard and laissez faire brought back independence to central bank to ensure monetary stability. The  US Federal Reserve came into existence in 1913 through passing of The Federal Reserve Act. Panic in 1907 in banking circles gave rise to demands for reforms in banking sector and the National Monetary Commission was set up for this purpose. In mid 1990’s â€Å"in the wake of Russian default, the Fed lowered short term interest rates to minimize the consequences of international financial conditions for the US economy and to ameliorate those conditions abroad.† (Neely 35) Many world countries have agreed to adopt gold standard system in Bretton Woods Conference in 1914 which envisaged economic discipline among the nations. The role of central bank has increased substantially since stability of the currency is an important factor in international finance. But, gold standard has failed due to devaluation of currencies by several countries to protect their national economies. The International Monetary Fund created in Bretton Woods in 1944 with the aim of preserving global monetary order introduced fixed exchange rates of the currencies in relation to US Dollar or gold. This system has also failed due to v arious practical difficulties. Introduction of fluctuating exchange rates later coupled with internal economic factors has increased the clout of central banks further and most of the countries started adopting fluctuating exchange rate system based on demand and supply. Paul Krugman stated â€Å"Under the "floating" exchange rates we have had since 1973, exchange rates are determined by people buying and selling currencies in the foreign-exchange markets. The instability of floating rates has surprised and disappointed many economists and businessmen, who had not expected them to create so much uncertainty.† From the simple bartering system, the monetary order has undergone changes over years in tune with the dynamic economic environment, technological developments and introduction of exotic derivative products in banking and financial services sector. In determining the value of money in modern economy, the fiscal measures of governments and the monetary control measures of the central bank play very crucial roles. David Kupelian stated â€Å"Despite the varied theories espoused by many establishment economists, it was none other than the Federal Reserve that caused the Great Depression and the horrific suffering, deprivation and dislocation America and the world experienced in its wake. At least, that’s the clearly stated view of current Fed Chairman Ben Bernanke.† The globalization phenomenon gaining momentum during the recent years

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Business Analysis Report - Flight Centre - Essay Example Current paper focuses on the culture and structure of a well-known Australian company, the Flight Centre. The firm is based on a unique principle: the establishment of small operational centers is preferred instead of large departments; autonomous and flexible small units are used for developing the firm’s operations worldwide. At this point, the firm is strongly differentiated from its rivals – which are likely to use large operational units which can handle a high volume of work but which are characterized by lack of effective communication among their members. Despite its success until today, as explained in the case study, the firm needs to update its culture and structure in order to respond to the challenges of its external environment. The key elements of the firm’s culture and structure are critically evaluated in this paper using relevant literature; the choices available to the firm in terms of culture and structure are also presented, taking into consi deration the conditions in the global market but also the firm’s existing resources and characteristics – meaning its current culture and structure. 2. ... that should be used for managing the various business activities; from this point of view, culture can promote ‘integration and cohesion across the organization’ (Nickson 2007). From a similar point of view, Deal and Kennedy (1988) note that organizational culture indicate ‘the way we do things around here’ (Deal and Kennedy 1988, p.4, in Nickson 2007). Robbins (2009) refers to a quite common definition of culture, which is based on the view that culture, as an element of modern organizations, is ‘a system of shared meaning held by members, distinguishing the organization from other organizations’ (Robbins 2009). Moreover, Dessler (1976) uses three different approaches for defining culture: ‘the structural, subjective and synthetic approaches’ (Dessler 1976, in Dwivedi 1995). The above approaches could be analyzed as follows: the structural approach perceives culture as ‘a set of characteristics which differentiate an organiza tion from another one’ (Dessler 1976, in Dwivedi 1995). At the next level, the subjective approach refers to culture as ‘the view of employees on their organization’ (Dessler 1976, in Dwivedi 1995). Finally, the synthetic approach is based on the combination of the two previous approaches for defining organizational culture (Dwivedi 1995). On the other hand, Schein (1992) describes culture as the ‘perception of a group of individuals/ employees on their organization’ (Schein 1992, in Miller 2008). In the context of the above definition, organizational culture can be successfully defined only if the communication across the organization is satisfactory. The close dependency of culture on communication is also highlighted in the study of Inceoglu (2002); in the above study, reference is made to the sharing of beliefs and

Wal-Mart Case Study Example | Topics and Well Written Essays - 500 words

Wal-Mart - Case Study Example Therefore a person should possess strong financial, mathematical, communication and computer skills to perform the role of an equity analyst. Wal Mart is using the Dividend Discount Models to estimate the intrinsic value of the company. Wal Mart is using the Constant growth Dividend Discount Model to estimate intrinsic value of company and its perpetual growth in dividends. Equity analyst is using different method of estimating the growth of dividends. Firstly, estimate the historical dividend growth in a perpetual fashion. Secondly, future growth is estimated by the equity or financial analysts on the ground of recent data. Growth of dividend and in sale over several years is forecasted by estimating the historical value of stocks. In its financial statements, the average increase in shares has decreased as in 2009 they were 3,939 and in 2010 is 3,866 while sales has increased more than decrease in stock. In 2010 the annual growth of dividend is 14.7 while average growth till 2010 is 31.3 and all forecast is depend the value of historical values of stocks. Wal Mart is at the maturity stage of Three stage of dividends discount. This model calculates present stock price by using present value of all cash flows at the cost of equity. The Wal Mart has current earnings growth is 10.40 per cent with $ 1.09 payout ratio on $ 3.72. Therefore at maturity its payout ratio would be 40 % of its earning. Wal Mart price/ Earning Ratio is used to estimate the intrinsic value of stock. The P/E multiple of Wal Mart was 14.23 times. According to the analyst Wal Mart is current value is depend on the heavy traffic of customers or US benefits while risk is attached with the political, economic condition of the country where this store is operating and wage laws. A price earnings ratio 1 is assumed risky while 20 expressed is good to do business for

IKEA's global sourcing challenge Essay Example | Topics and Well Written Essays - 750 words

IKEA's global sourcing challenge - Essay Example During the video program the company representative will come prepare with information about the good deeds of the company to demonstrate the high level of corporate socially responsibility the company applies. Social corporate responsibility can be defined as the economic, legal, ethical, and discretionary expectations that society has of organizations and its members (Referenceforbusiness). b. What actions should she take regarding the IKEA supply contract with Rangan Exports? IKEA has to take a strong stance against Rangan Exports. A simple yet effective solution is to cancel the contract of the supplier. This decision would push away the critics that claim that IKEA supported suppliers that used child labor. The strategy behind such a move is to deny knowledge of the existence and child labor. The business move is a reactive strategy. One of the cons with this alternative solution is that the exploited children are not benefiting from the move. A second alternative for IKEA is to fine Rangan exports and to implement a process improvement plan to eliminate child labor and to find other ways to reduce costs. Rangan Exports would agree to immediately eliminate all child laborers and would accept termination of contract if a future violation occurs. IKEA would negotiate a deal in which Rangan Exports would publicly apologize for their actions and they would certify that IKEA had no knowledge of their actions. To compensate the exploited children IKEA will pay a full scholarship to the children to be effective from the grade the student is enrolled until college graduation. The scholarship will pay the child $300 a month, books, educational materials, and tuition to private school. The company should also invest money in hiring a law firm to consult on the possible collateral damage associated with continuing the relations with Rangan Exports. IKEA should also implement an audit system that would mandate four yearly visits to the facilities of Rangan Exports. c. What long-term strategy would you suggest she take regarding IKEA’s continued operation in India? Should the company stay or should it exit? (Be prepared to describe the impact of such a decision and how you would manage it) Leaving India would be a simply way to push away a problematic region and minimize the risk to the reputation of the company of doing business with contractors that rely on child labor. IKEA should attack the problem head on and leaving India is the coward’s way out. IKEA should stay in India to take advantage of the low labor costs available in the Indian marketplace. By staying the company can continue to offer low cost items particularly rugs imported from India. The company must hire an Indian accounting consulting firm. This firm will be responsible of performing audits in all IKEA Indian suppliers. The company must perform at least two audits per supplier yearly. Staying in India will help IKEA keep its cost structure low which can help the company pass off the savings to its customers to continue to offer very low prices. IKEA would decrease its sales in the rugs marketplace in the short term if it exited the Indian marketplace. The labor cost advantage in India should be further exploited by IKEA by expanding its supply chain operations in India. IKEA also has to improve its relations with the governmental agencies and non-profit organizations in

American history between 1800 and 1877 Essay Example | Topics and Well Written Essays - 1250 words

American history between 1800 and 1877 - Essay Example Overview of the battle As discussed by Campbell the battle ensued with the Union and the Confederate taking sides on their meeting in Manassas, Virginia (109). With both sides planning to attack the other’s side, the armies were prepared for the toughest battle of the time. However, the plan aborted on the side of the Union, as the Confederates discovered the Union’s plan to attack the Confederate’s side; thus, a withdrawal to the north, in Washington. However, the army of the Confederate did not follow the Union’s troops. Young is clear to say that the confederate army was not well prepared to fight the Union, and their failure was more of automatic (178). This First Battle of Bull Run did not have a lasting significance in terms of military ability. Young is of the opinion that the battle was simply one that was keen to draw an army of amateurs, and led by amateurs (178). Campbell adds on to say that the 1861 Battle of Bull Run was one that was really hu miliating and the defeat of the 35000 men under General McDowell Irvin is one that is notable(108). In this case, it is justifiable to say that this historical moment is memorable in the history of the great nation. Campbell insists that the Bull Run was a dismay series of the Union’s loss in the battlefield under Lincoln administration (108). Implications of the 1861, 1st Battle of Bull Run The Battle- End of slavery and segregation Carlisle & Golson indicate that the Southern defeat in the Battle had a profound implication on the military history of USA, as well as the entire political arena (54). The defeat of the Confederation disrupted the conditions of coming up with a Civil Rights Movement in the 1860s and completely end the discrimination and segregation of persons in the United States of America (54). In as much the war led to the loss of a lot of lives, discrimination was still prevalent in the society, though the war was instrumental in the ban of slave trade and s lavery in USA. However, Carlisle& Golson argue that despite the fact that the war was short-lived, the society in America was slowly being reconstructed and that a new identity was beginning to unfold in America (54). No party was fighting for supremacy and control of territory and that amendments were made to improve the social landscape of the country (Carlisle & Golson 54). In this case, the Battle of Bull Run was instrumental in creating a civil war that would see to the rights of Americans adhered to, and the abolition of slave trade that had profound effects on the lives of the Americans. The Battle can then be described as the pillar of hope to the equality, justice and impartiality enjoyed by the American citizens. It is evident that the Confederate side won the 1861, Battle of Bull Run. However, it is of great importance to note the challenges facing the Confederate in the quest to succeed in the battle. It is evident that the troops were terribly disorganized in such a way that they could barely administer authority on pursuing the Yankees, who had earlier arrived in Washington by 22nd July (Haven 60). The First Manassas in the South cost the Union about 3000 casualties as opposed to the 1750 on the side of the Confederates (Haven 58). According to Haven, the outcome of the war rendered the persons of the north hold on to a false hope, and the southerners’ false hope of being the successful group (59). In real sense, the Union and

Exam Case Study Essay Example | Topics and Well Written Essays - 3250 words

Exam Case Study - Essay Example It should be noted that as bureaucratic leader, he has set out specific procedures and guidelines which should be strictly followed by his subordinates. Being task oriented, his main concern is efficiency, which he strongly believes to be attainable only by following the preset work directives. In his aim of having ultimately control of the plant, he even devises a system where all the administrative processes supporting craftsmen still needs his approval. He has little or no concern that his employees are demoralized by his behavior. His only interest is to get work done through people. He ultimately treats workforce as resources which should be used in order to attain organizational goals without considering the issues of motivating and retaining them. Eradour should be commended in his recognition that efficiency is the top priority of his plant. As previously discussed, production cost of aluminium is relatively high which necessitates the focus on efficiently utilizing organizational assets in order to reduce wastage thereby reducing production cost. Being a plant which operates on highly technical processes, the carbon plant thus needs to be guided with procedures to ensure that processes are being carried out as they should. The most important issue in the Carbon Plant is the lack of employee empowerment. The organizational structure is very centralized noting that Eradour is in control of almost everything through his establishment of guidelines which should be followed at all times. The manager should look into giving more autonomy in making some decisions. The fact that problems still arise amidst the strict guidelines signal that there are inevitable situations which should be left at the discretion of the employee. Giving enough empowerment leaves the workforce more motivated as this communicates that his insights are valued. More empowerment should be given most especially to the craftsmen. Intervention in this department

This house support mandatory vaccinations Essay Example | Topics and Well Written Essays - 500 words - 1

This house support mandatory vaccinations - Essay Example t only important to us but also very crucial to the citizens since they will greatly benefit from the activities as it is seen that by mandatory vaccinating we are at a good position to deal with future diseases that are greatly brought up by poor vaccination method at the moment. Refutation: Mostly from the research conducted by the government parastatals it has been proven that some diseases are because of UN vaccination .This disease once un vaccinated against they tend to spread from one individual to other. For that reason it is a high time we conduct the mandatory vaccinations to greatly reduce the spread rate. Claim: By vaccinating generally leads to a very health y future generation which is directly related to strong and healthy working force that will greatly stimulate the country’s economy as healthy bodies always are fully of innovations and great working potential. 2) From the motion, it is very formal that for this to be attained the government and its official should always be involved in attaining its missions and visions, thus a strong campaign needs to be done in order to educate the citizens and must always limit the rate of immigration or always be involved in screening the

Economic Growth Essay Example for Free

Economic Growth Essay In any nation, the government policies, institutions, and laws collaborate to create a growth infrastructure which coordinates, enables, and encourages the economic behavior that results in the accumulation of human capital, physical capital, natural resources, and technology. These resources have a role in generating sustained long-run economic growth. Physical capital refers to the tools that are used to leverage the productive ability of an average worker. Physical capital includes transportation equipments, computers, machinery, and factories which facilitate the production of goods and services. They expand the capacity of an economy to produce goods in the future, thereby promoting economic growth. (Jones, 2002) Human capital refers to the numerous abilities that enable an average worker to apply and understand new, productive knowledge. An increase in the stock of human capital is achieved through education and on the job training. This equips workers with the appropriate skills to increase production, and, therefore, increasing economic growth. Natural resources provide the raw materials that are used in the production of goods and services. A nation that is endowed with adequate natural resources and has tools to extract them, can acquire the necessary raw materials for production and improve its economic growth in the long-run. Technological knowledge is used to bring scarce resources together to produce the required services and goods. Technology facilitates the production of better and more output from a given quantity of scarce economic resources, and this is what sustains the economic well-being, and drives economic growth of a nation. (Jones, 2002) The government through its policies and institutions can discourage or contribute to long-run growth. The government can encourage growth by developing power, transport, and other utilities. Growth can also be encouraged by using policies that will result in stable and low inflation. Heavy taxation by the government will discourage economic growth as it will reduce investments in the economy. Reference Jones, I. C. (2002). Introduction to economic growth. New York, NY: W. W. Norton Company.

The Classification Of Outliers Psychology Essay

The Classification Of Outliers Psychology Essay The concern over the outliers is one of the challenge existed for at least several hundred years. Outliers are the observations those are apart from the bulk of data. Edgeworth (1887) wrote that discordant observations those appeared differently from other observations with which they are combined. Almost every data set has the outliers in different percentages. Grubbs (1969) said that an outlier is one that appears to deviate significantly from other values of data. Sometimes outliers may not be noticed but most of the times they can change the entire statistical data analysis. As Peter (1990) explored those observations which do not follow the pattern of the majority of the data are called outliers. At the earlier stage of the data analysis, summary statistics such as the sample mean and variance, outliers can cause totally different conclusion. For example a hypothesis may or may not be rejected due to outliers. In fitting regression line outliers can significantly change the slope. The detection of outliers before analyzing the data analysis is not done then it may lead to model misspecification, biased parameter estimation and incorrect results. It is therefore important to identify the outliers prior to proceed further for analysis and modeling. An observation (or subset of observations) that appears to be inconsistent with the rest of data set is called an outlier (Barnet1995). The exact definition of an outlier depends on the assumption regarding the data structure and the methods which are applied to detect the outliers. Outliers are observations that appear to be unusual with respect to the rest of the data. Classification of Outliers Outliers are classified into one of four classes. First, an outlier may arise from procedural error, such as a data entry error or a mistake in coding. These outliers should be identified in the data cleaning stage, but if overlooked, they should be eliminated or recorded as missing values. Second, an outlier is the observation that occurs as the result of an extraordinary event, which is an explanation for the uniqueness of the observation. In this case the researcher must decide whether the extraordinary event should be represented in the sample. If so, the outlier should be retained in the analysis; if not, it should be deleted. Third, outliers may represent extraordinary observations for which the researcher has no explanation. Although these are the outliers most likely to be omitted, they may be retained if the researcher feels they represent a valid segment of the population. Finally, outliers may be observations that fall within the ordinary range of values on each of the var iables but are unique in their combination of values across the variables. In these situations, the researcher should be very careful in analyzing why these observations are outliers. Only when specific evidence is available that discounts an outlier as a valid member of the population should it is deleted. Outliers may be real or ericaceous. Real outliers are observations whose actual values are very different from those observed for rest of the data and violate plausible relationships among variables. Erroneous outliers are observations those are distorted due to misreporting errors in the data-collection process. Data set either come from homogeneous groups or from heterogeneous groups, have different characteristics regarding a specific variable, outliers occurred by incorrect measurements including data entry errors or by coming from a different population than the rest of the data. If the measurements in correct, it represent a rare event. Outliers are often caused by human error, such as errors in data collection, recording, or entry. Data from an interview can be recorded incorrectly, upon data entry. Outliers may cause from intentional or motivated misreporting. Many times the outliers come when participants purposefully report incorrect data to experimenters or surveyors. A participant may make a conscious effort to sabotage the research or may be acting from other motives. Depending on the details of the research, one of two things can happen: inflation of all estimates, or production of outliers. If all subjects respond the same way, the distribution will shift upward, not generally causing outliers. However, if only a small sub sample of the group responds this way to the experimenter, or if multiple researchers conduct interviews, then outliers can be created. Another cause of outliers is sampling error. It is possible that a few members of a sample were inadvertently drawn from a different population than the rest of the sample. Outliers can be caused from standardization failure like the weak research methodology, unusual phenomena; faulty equipment is another common cause of outliers. By these causes data can be legitimately discarded if the researchers are not interested in studying the particular phenomenon in question. One type of data entry error is implausible or impossible values, for they make no sense when considering the expected range of the data. An out-of-range value is often easy to identify since it will most likely lie well outside the bulk of the data. Another common cause for the occurrence of outliers is the rare event. Extreme observations that for some correct reason are just fine, but do not fit within the typical range of other data values There are many possible sources of outliers. Firstly, purely deterministic reasons those include: reading or measurement error, recording error and execution error. Secondly, some reasons are pointed out by Beckman and cook (1983) they arrange the reasons of outliers into three broad categories. These are global model weaknesses, local model weaknesses and natural variability. When we replace the present model with a new are revised model for the entire sample. Measurement of response variables are in the wrong scale is called Global model weakness. Local model weaknesses are applied only on the outlying observations and not to the model as a whole. And Natural variability is the variation over the population rather than any weakness of the model. These reasons are uncontrollable and reflect the properties of distribution of a correct basic model describing the generation of the data. The outliers occurs due to entry error or a mistake in coding should be identified in the data cleaning stage, but if overlooked, they should be eliminated or recorded as missing values. 1.3 Problematic effects of outliers Outliers of either type may influence on the results of statistical analysis, so they should be identified by using some suitable and reliable detection methods prior to performing data analysis. When potential outlier(s) is encountered, the first suspicion may be that such observations resulted from a mistake or other extraneous effect, and should be discarded. However, if the outlier in real it may be contained some important information about the underlying population of real values. Non judicious removal of observation that appears to be outliers may results in underestimation of the uncertainty present in the data. In the presence of outliers, any statistical test based on sample means and variances can be distorted. There will be Bias or Distortion of estimates and it will give wrong results. The inflated sum of squares makes it unlikely and will partition sources of variation in the data into meaningful components. The decision point of a significance test, p-value, is also distorted. Statistical significance is changed due to presence of a few or even one unusual data value. The strong building of the statistical methods is based on weak legs of assumptions. Incorrect assumptions about the distribution of the data can also lead to the presence of suspected outliers. If the data may have a different structure than the researcher originally assumed, and long or short-term trends may affect the data in unanticipated ways. Depending upon the goal of the research, the extreme values may or may not represent an aspect of the inherent variability of the data. Outliers can represent a nuisance, error, or legitimate data. They can also be inspiration for inquiry. Before discarding outliers, researchers need to consider whether those data contain valuable information that may not necessarily relate to the intended study, but has importance in a more global sense. . The considerable effects of outliers are bias or distortion of Estimates, inflated sum of square and ended analysis of the entire data set at faulty conclusions. The key features of descriptive data analysis like the mean, variance and regression coefficient are highly affected by outliers. 1.4 Aspects of outlier There are two considerable aspects. The first aspect explains that, outliers have a negative effect on data analysis. Outliers generally cause to increase error variance and reduce the power of statistical tests. Outliers violate the assumption of normality. Outliers can seriously influence estimates. The second aspect of outliers in that they are correct, and they may be provides useful information about data set. It the outliers are most information points they should not be automatically discarded without justification. In this case the analyses perform the analysis both with and without these outliers, and examine their specific influence on the results. If this influence is minor, then it may not matter whether or not they are omitted. If their influence is substantial, then it is probably best to present the results of both analysis, and simply alert the researcher to the fact that these points may be questionable. The data set may contain outliers and influential observation. It is thus important for the data analyst to be able to identify such observation; if the data set contains a single outlier or influential observation then identification of such an observation in relatively simple. On the other hand, if the data set contain more than one outlier or influential observations the identification of such observation becomes more difficult. This is due to the marking and swamping effects. Masking occurs when an outlying subset goes undected because of the presence of adjacent subset of outliers. Swamping occurs when good observations are incorrectly identified as outliers because of the presence of other outliers. An outlier is the observation that occurs as the result of an extraordinary event. In this case the researcher must decide about that event. If it represents the sample then that outlier should be retained in the analysis. If that event should not represent the sample it should be deleted. Some time outliers may represent extraordinary observations but the researcher can not explain it. These types of the outlier may be omitted but sometime the may be retained if the researcher feels that they represent a valid segment of the population. Both the detection and the suitable treatment of outliers are therefore important. In the present scenario of modern sciences where the messy data sets are generated, potentially troublesome outlier detection method(s) should be researched and presented at one place The main feathers of such identify criteria is that imperative to correctly identify outliers amongst large masses of data, so that experts can be alerted to the possibility of trouble and investigate the matter in detail. Outliers can provide useful information about the process. An outlier can be created by a shift in the location (mean) or in the scale (variability) of the process. Though an observation in a particular sample might be a candidate as an outlier, the process might be shifted. Numbers of treatments are taken in order to deal with outlier(s) involved studies. Accommodation of outliers uses techniques to mitigate their harmful effects. One of its strength is that accommodation of outliers does not need to precede identification. These techniques can be used with prior information that outlier exist. One very effective way to work with data is to use nonparametric methods which are robust in the presence of outliers. Nonparametric statistical method fit into this type of analyses and should be more widely applied to continuous or interval data than their current use. Often the observed data set do not follow the any of the specified distribution then it is better to transform the data by applying appropriate transformation(s) so that data set could follow the specific distribution. Only as a last resort should outliers be deleted, and then only if they are found to be errors they can not be corrected or lie so far outside the range of the remainder of the data that they distort statistical inferences Our goal in this thesis is firstly to collect the outliers detection methods in univariate and bivariate/ multivariate studies followed the Gaussian and Non-Gaussian distributions and secondly to modify them accordingly. 1.5 Univariate Outliers In unvariate data sets, the study of outlier(s) is relatively simple but demands careful attention. Outliers are those values located distant from the bulk of the data and can often be revealed from simple plot of the data, such as scatter plot, stem-and-leaf plot, QQ-plot, etc. Sometimes univariate outliers are not easy to identify as would appear at first sight. Barnet and Lewis (1994) indicate that an outlying observation, or outlier, is one that appears differently and deviate markedly from other members of the sample, in which it occur. A common rule for outlier identification might be to calculate the sample mean and standard deviation, and classify all those points as outliers which are at 2 or 3 standard deviations away from the mean. It is an unfortunate reality that the presence of two or more outliers could leave some or most of the outliers invisible to this method. If there is one or more distant outlier and one or more not so distant outlier in the same direction, the more distant outlier(s) could significantly shift the mean in that direction, and also increase the standard deviation, to such an extent that the lesser outlier(s) falls less than 2 or 3 standard deviations from the sample mean, and goes undetected. This is called the masking eff ect, and results in this particular method and all related methods being unsuitable for use as outlier identification techniques. It is illustrated with an example, borrowed from Becker and Gather [1999]. Consider a data set of 20 observations taken from an N (0, 1) distribution: -2.21, -1.84, -0.95, -0.91, -0.36, -0.19, -0.11, -0.10, 0.18, 0.30, 0.31, 0.43, 0.51, 0.64, 0.67, 0.72, 1.22, 1.35, 8.1, 17.6, where the latter two observations were originally 0.81 and 1.76, but the decimal points were entered at the wrong place. It seems clear that these 2 observations should be labeled as outliers; let us apply the above method. The mean of this data set is 1.27 while the standard deviation is 4.35. Two standard deviations from the mean, towards the right, would be 9.97, while three standard deviations would be 14.32. Both criteria regard the point, 8.1, as expected with reasonable probability and do not consider it an outlier. Additionally, the three standard deviation boundary for detecting outliers seems rather extreme for an N (0, 1) dataset, surely a point would not have to be as large as 14.32 to be classified as an outlier. The masking effect occurs quite commonly in practice and we conclude that outlier methods based on classical statistics are unsuitable for general use, particularly in situations requiring non-visual techniques such as multivariate data. It is worth noting, however, that if instead of the sample mean and standard deviation, robust estimates of location and scale were used (such as the sample median, and median absolute deviation, MAD), both outliers would be detected without difficulty. 1.6 Multivariate Outliers Multivariate outliers are the challenges that do not occur with univariate data sets. For instance, visual methods simply do not work in case of multivariate case studies. Even plotting the data in bivariate form with a systematic rotation of coordinate pairs will not help. It is possible (and occurs frequently in practice) that points which are outliers in bivariate space, are not outliers in either of the two univariate subsets. Generalization to higher dimensions leads to the fact that a multivariate outlier does not have to be an outlier in any of its univariate or bivariate coordinates, at least not without some kind of transformation A successful method of identifying outliers in all multivariate situations would be ideal, but is unrealistic. By successful, we mean both highly sensitive, the ability to detect genuine outliers, and highly specific, the ability to not mistake regular points for outliers.

Teamwork And Leadership Skills Management Essay

Teamwork And Leadership Skills Management Essay An organization is a formal group of people with one or more shared goals. Organisation has people working for them with the sole motive of making profits for the company. It is rightly said by Lewis B. Ergen, The ratio of Wes to Is is the best indicator of the development of a team. According to Henry Ford Coming together is a beginning. Keeping together is progress. Working together is success. The concept of two or more people working collectively is called a team. It is also define by the Websters dictionary that teamwork is a combined action by a group of people who keep their personal interest and opinions aside for the unity and integrity of the group. Though this is a definition but it does not imply that the individual people in the organisation are not important unless they are in a group. Meaning or definition of teamwork, in general terms means that efficient and effective team efforts are always ahead of the individuals reach. The best result of teamwork is produced when all individual in the group are focused towards one common objective or goal. In order to inspire the employees to a greater level, companies need a Leader. I believe in the saying that Leaders are made not born. Anyone who has the willpower and the desire can be a potential leader. Leaders can be developed by proper education, experience over the years and the right training. Over the period of time, the leaders also have to keep them up-to-date by the process of continuous learning. Thus, leadership is a process which is used to motivate other people in order to achieve the desired goals and objectives of the company. A perfect example of a leader is Mahatma Gandhi, who fought the non-violence fight for the freedom of his nation, India, having the entire nation as his follower. ROLE OF TEAMWORK Over the years, teamwork has become an extremely important term for any company. It has been laid down in the culture at workplace and hence making it a major and crucial part of the selection process for many companies. All companies understand the importance and the wonders what team can do. Organisations believer that nothing is impossible if all great minds, work together. There is a very famous saying that there is no I in the word Team. Having teams can result in faster and efficient outputs with better decision making skills. The various advantages of teamwork for all organisations are: It improves profitability as well as productivity as all the employees are highly motivated and skilled. There is a major reduction in wastage which in turn reduces the cost. A team leader constantly keeps a regular check on the quality of the products. The level of motivation within employees is also increased due to development of the personnel by exchange of great thoughts and idea within teams. Recognition of individual members within teams also motivates member to put more efforts. It also leads to low turnover rate of absenteeism is also reduced as employees develop a sense of belonging towards the company. All complex issues or decision are handled in a better manner and at a faster rate. Therefore, the all critical issues of the company are dealt with greater variety of knowledge experience and skill. ROLE OF LEADERSHIP A leader needs to perform the following to remain on his position. Encourages the heart   A leader should enjoy all the moment of glory with the followers whereas try to restrict the sad news away from them. Enable others to act   It is extremely important for a leader to provide other with all possible tools and ideas at the leaders disposal to the members which could help in quicker decision making. Model the way   the basic difference between a manager and a leader is that a manager will tell others what to do and how to do it , whereas a leader will actually perform the task himself and then ask others to follow by doing the same. Challenge the process   A leader also brings about change in the organisation. Since the managers role is to guide what he has bee told by the top management but leader, initiates new developments and seeks things for improvement. Inspire a shared vision   A good leader should never hide anything from his followers. The leaders should share all his ideas and plans with the followers. Leadership theory models can explain more Bass Theory of Leadership In order to understand, how normal people can become Leaders, we can analyse Bass theory of leadership which says there are three major theories which can explain this phenomena: People are born with difference in traits or personalities that may naturally take the individual to perform leadership role. This theory is known as the trait theory. In case of a crisis or a deadly situation, the person who stands up on that moment which brings out the astonishing qualities in a normal man is called the Great Events theory. Some people can choose to become leaders and learn the required leadership skills. This theory is called the transformational or process theory of leadership. It is widely used theory these days, universities and colleges are having special courses and lecture to guide students who plan to become great leaders of the future. CHARECTORSTICKS OF A TEAM IN A WORKPLACE Leadership- it is important for all teams to have a leader who could provide them with right direction and guide them. The leader of the team should not consider himself above the team members, A team leaders is the one who work as a part of team, keeping all members joined together. Clear goal- all members of the team should have a clear idea of what has to be done. The objectives should be SMART, specific, measurable, achievable, realistic, and time bound. Results-driven structure- the teams should be given some freedom from the management in order to try different ways in which they feel that the output can improve. The team leader should have enough authority to change things around a little. All competent team members- it is vitially important for any team to have good team members. One bad fish can dirty the entire pond, similarly, if one member is not contributing as expected of him, the work is divided among other member of the team. Unified commitment- the member should only have one common goal and not few separate individual goals as difference in motives might lead to conflicts within teams. Collaborative climate- A team must posses a climate that has clouds full of trust, respect and honesty among the team members for each other as well as the team leader. High standards- it is very important for the leader to set a high standard for the members as they should know what is expected from them. Just by having bold meeting and saying big words wont make any difference, the leader has to perform his duty and demonstrate how are things needed to be done. External support and encouragement- A team comprises of many individuals, all oh who are thirsty for appreciation and encouragement from their managers and leaders for the efforts. Motivation also plays a key role in better output of a team. CHARACTERISTIC OR FACTORS OF LEADERSHIP Leader- A team leader should be honest, intelligent, and understanding person, who should know his capabilities and capacity. The level of success of the leader is determined by the followers and not the leader himself therefore, in order to be a good and successful leader, the person should be able to convince his followers about the things he can achiever by their support and hard work. Followers- different companies require different kinds of leaders and their abilities. A company like Anita Rodricks Body Shop requires a leader to be human oriented, who could lead the team by motivating them at every step and consider the followers as a part of the business, whereas in companies like MacDonalds, a followers are normal part time staff members, who learn the job in a day and thus need a leader with close supervision. Communication- two-way communication is the key for any successful teamwork in any company. Communication forms a very basis of any team, mostly the non-verbal form. It is very important that the leader communicates his vision across to all the members and the members in return communicate their responses to the change and how can they contribute towards it. Situation- it is extremely important for a leader to be able to adapt him-self according to the changing situations on a daily basis. For instance a people-oriented leader, who usually tends to soft towards employees, has to take a firm decision of telling some one they cant go on leave due to high work pressures, and deadlines. The situation normally has more impact on the leaders act rather than his traits due to the fact that, leaders can stabilise their inner traits over a period of time but difference in situations is the real test for any leader. Due to this reason many authors have claimed the situational theory more effective than the process or the trait theory. BELBINS TEAM ROLES If a team wishes to have 100% success, the members should have one of the following eight roles formulated by Dr, Meredith Belbin, called as the Belbin team roles. These roles are: The MONITOR-EVALUATOR, one who contributes a specific study by the help of objectivity and stops. The PLANT is a member who has original ideas, solutions, suggestions and plans. TEAM WORKER performs even if other members fail to contribute their respective part of the work and works even under immense work pressures. The IMPLEMENTOR is the person who, implements the taken decision into meaningful information and implements the decision into manageable tasks. The RESOURCE INVESTIGATOR is a member who thinks out of the box and gathers information from all possible sources and starts the discussion e.g. sales people of the team. The CO-ORDINATOR is the one who combine all the other members together and reminds the member of their task and set objectives on a daily basis in order to lay down the daily agenda. The SHAPER provides direction and shape to the team and their efforts, but does not really interfere in the discussion. The FINISHER is the one who keeps reminding all the member of the deadline and the urgency being a bit hard. Thus, as discussed above, that different situations require different team members contribution. For instance- all new teams would require a good shaper, competitive situations would require an innovator, who could provide innovative ideas to have a differentiated product or service. CRITICAL REVIEW The main reason that affect any team is its- Purpose and mission The most important and the basic requirement for any team for be successful is to have clear purpose and mission of the company which explains the team, what they have to do and then they make their own short and long term goals in order to decide how to achieve them. We can illustrate motivation by a simple hypothetical situation. In a construction company project, there are group of electricians hired to perform all the work related to making cable terminals. The company assumed they would work together, after two months, all the electricians were about to leave the job on asking the reason, they explained that they were having issues with maintaining their focus as they could not maintain their interest in their jobs because some of them were conduit specialist, some being good at cable trays while other who did not directly work with cable terminals. Thus the company got the problem and realised that is the purpose of any job is different between members they will tend to have conflicts and result in lack of motivation as well. Along with clear purpose and mission, motivation has also be described as a key element of the driving factors behind a successful team. If the teams are not fully motivated by their leaders, how ever the big company is, whatever the money involved is, without inner drive or the urge to attain something is missing, nothing could be achieved. It it is the prime duty of the team leader to keep his team highly motivated and make them ready to crack and hard rock that comes on their way to success. PRATICAL EXAMPLE Leadership I work in Mark Spencer for the past two years in London; we have a busy retail outlet. Recently, during the Christmas period, our Sales Team leader/ supervisor in the store had to take a leave for 2 weeks. Being the most experienced member after him, I had to take the responsibility on my shoulders and ensure that the targets of the team werent hampered due to his absence. At the beginning it all seemed out of place, i)various tasks needed to be completed for Christmas ii) I was the youngest member of the team yet the leader of the lot. This is where my degree in Business management came to be applied, through application theories and techniques learnt at University, I was able to become the leader of the team, having an approach of management of commitment and not management of control, along with other management skills like planning, implementation, delegation, control I was able to run the store smoothly for those 2 weeks. Teamwork: Working in MS, we mostly have a team of 15 employees working in a shift, along with 2 supervisors and 2 line managers. We are always busy during special days like Valentines and Christmas day, during Christmas time, our store was really busy and we were also short of staff being the festival season. There was a team of 7 employees and 3 being new Christmas staff. I was the most experienced staff at that point of time and all my supervisors assigned me work, so I had to co-ordinate that work among my team members and I had to act as a team leader. I asked them to divide the task in different sections and try to finish it as soon as possible and then let me know when they were done and by this we reached are daily targets and the managers appreciated my work and contribution towards sales. CONCLUSION Thus, teamwork is an essential feature for all modern companies. They believe if all their employees are equipped with good teamwork skills, it can also lead to their competitive edge and hence teamwork has been laid down in the recruitment and selection process of the workforce in order to get the right man, for the right job at the right place and at the right time. Teamwork, without a leader is like boat in the middle of the sea but have no idea where to float. The leader along with providing direction also binds the team together and aligns all the members towards the companys goal. A good leader and a strong team is all a company needs in order to capture any market in the modern world. Thought not always all members get along well, the problems with teams are, many a times not all members contribute equally and like to pas the buck onto other shoulders, thinking that they would not be caught by anyone. But due this reason there are taken out of the team and new member is introduced. It is the duty of the leader to make sure all members in the team are happy with each other and performing to a level that will take them towards success.

Innocent: Confession of a Welfare Mother Essay -- welfere, poverty, lif

Innocent: Confessions of a welfare mother is a memoir that defies the stigma that comes along with welfare and poverty. It outlines the trials and tribulations of a single Caucasian mother and her ability to maintain her family. Forced to make pivotal decisions and keep the best interest of her family in mind, she must take welfare handouts to get through her financial struggles. This memoir is a way to highlight the obstacles it takes to keep a stable household and get by at the worst times in a single mothers life. At a time of racism and despair, this single mother was able to find a place to call home and give her family a comfortable life. Barbara Morrison, an educated woman who grew up in a nuclear family home, their home included â€Å"[her] parents and children living in one household† (Moore& Asay, 2013). They lived in Roland Park in Baltimore Maryland. Living the â€Å"Average† lifestyle in her parents’ home she felt as if she were an outsider. Morrison decided to go to Western Maryland and pursue her collegiate education. She could not take the racism that went on in 1970 and decided to uproot her life for the better. Worcester, Massachusetts is where Morrison’s life would further take its course, she finally felt at home in this city. Morrison met her closest friend Jill who would also be an important benefactor in Barbra’s life; the first thing that she explained to Morrison was â€Å"The vast majority of people on welfare were white and lived in rural areas, not inner cities† (Morrison,2011).Morrison did not understand this until she was faced with the reality of pove rty. In order to survive she needed to bring in resources, which are â€Å"anything identified to meet an existing or future need† (Moore& Asay, 2013).In Morrison’s case ... ...o get Welfare assistance was a smart decision, but while on welfare she could have been in search for a better job. She didn’t want to take any time away from her children, but it may have been necessary in order to give them an even better life. Morrison did not weigh in the fact that she could have lived even more comfortably, having a well-paying job. When deciding to get welfare, another alternative could have been to teach in a place where her sons could also attend. Morrison was a good care provider for her children, but if she would have altered her ultimate plan slightly, it could have changed her life in a tremendous way. Works Cited Morrison , B. (2011). Innocent: Confession of a Welfare Mother . (1st ed.). Baltimore,MD: Apprentice House Moore, T. J,. & Asay, A. M. (2013). Family Resource Management. Thousand Oaks, California: Sage Publications inc.

Wedding Toasts †Topics to Avoid :: Wedding Toasts Roasts Speeches

Wedding Toasts – Topics to Avoid Don’t Mention Anything About â€Å"Milk† or â€Å"Cows† At the rehearsal dinner, one of the bridesmaids, who had been drinking, gave a toast. It started off just fine, but then she ended it with " thank God, sometimes guys do buy the cow even when they get the milk for free!" Don’t Blasphemy About a year ago, my fiancà © and I attended the wedding of my cousin. She married her college sweetheart, and the bridal party was made up mostly of their college friends. During the toast, the best man decides to talk about when he first knew the groom was going to propose. He says that he and the groom were in New Orleans celebrating Mardi Gras. He was surprised to hear about the upcoming proposal at that time, given that they were surrounded by women taking their tops off to get beads. The conclusion he comes to--and proceeds to tell the whole group of family, friends, and of course the bride's father--is that my cousin "must have better breasts than God." Don’t Comment on the Many Years it took for the Bride to Find a Sucker (Husband) At my wedding a year ago, my father gave a toast that went over like a lead balloon. He said (in paraphrase), "I've seen my daughter grow through the years and have had a few laughs, like the time she fell in the toilet as a small child. She was so mad at me for laughing at her, that I think maybe that's why it took her so long to find a man to marry." (I was 32 when I got married.) Remember, It’s a Wedding Toast, not an Esoteric Diatribe My husband's brother is well known for his selfishness. He was the best man in our wedding and gave the worst toast you could ever imagine. The speech was typed, single-spaced, on 5 pages, front and back. It lasted about 20 minutes and I (the bride) don't recall being mentioned once. The theme of the speech was "I'm losing my brother" and contained gems like "I can't believe he is getting married", "it's going to be so weird" and "we won't be able to hang out anymore". I was not welcomed to the family, not congratulated, not spoken to or looked at. And we get along just fine -- it wasn't intended to be disrespectful.

Catcher in The Rye Essay -- essays research papers

Catcher in the Rye   Ã‚  Ã‚  Ã‚  Ã‚  J.D Salinger’s novel â€Å"Catcher in the Rye,† focuses mainly on Holden Caulfield because he is the narrator and the novel is about his memory of characters and events throughout the story. These characters are more than just remembrances but actually help the reader to better understand Holden. Mr. Antolini, Phoebe, and Jane Gallagher are all characters that help fully characterize Holden.   Ã‚  Ã‚  Ã‚  Ã‚  Mr. Antolini helps the reader better understand Holden’s hasty judgments about characters in the novel. He is one of the few people in the novel who Holden respects and does not consider a â€Å"phony.† Holden respects Mr. Antolini because he understands him and does not treat him like an inferior student like the rest of his teachers do. Mr. Antolini is very open with Holden and this is shown when he lets him stay the night in his apartment. Holden’s quick judgments of people are shown and better understood when Mr. Antolini touches his forehead while he sleeps in chapter 24. â€Å"I know more damn perverts, at schools and all, than anybody you ever met, and they’re always being perverty when I’m around.†(192) Holden jumps to conclusions right away when he wakes up to Mr. Antolini touching his forehead. Instead of thinking that his teacher was just showing affection and care for a student he is very quick to think that he is a pervert and homosexual. In the quote Holden says, â€Å"they’re always being perverty when I’m around,† this is more evidence that Holden jumps to conclusions and is quick with assumptions rather than to think about what it is to be a pervert. He thinks that he is just in the wrong place at the wrong time but it is more likely that he just assumes they are being â€Å"perverty† when they are truly not. Another example of Holden being quick with judgment is directly after the incident happens. Without letting the incident sink in, Holden changes into his clothes and runs out of the apartment. Mr. Antolini and the events that take place in his apartment help the reader fully understand Holden. Mr. Antolini is a compassionate person and his actions are out of care for his friend and student, Holden’s quick and hasty judgment is shown when he overlooks Mr. Antolini’s concern and affection for a homosexual advance.   Ã‚  Ã‚  Ã‚  Ã‚  Phoebe is another character that helps the reader bet... ...y voice was shaking something awful.† Holden’s helplessness to realize that sex can be casual is showing that he is immature and that he doesn’t want to let go of his childhood innocence. Jane’s character, a girl who Holden knows very well and has affection for, has casual sex which makes Holden very upset, this helps the reader better understand Holden’s immatureness and his refusal to let go of his childhood innocence.   Ã‚  Ã‚  Ã‚  Ã‚  In the novel â€Å"Catcher in the Rye† the reader is able to better understand Holden by the characters in his remembrances. Mr. Antolini, a person who shows affection for Holden, shows the reader that Holden makes quick assumptions and judgments with characters in the novel. Phoebe, Holden’s younger sister, makes it evident to the reader that Holden does not want to grow up, mature, and have a future as an adult. Jane Gallagher’s character also helps the reader better understand Holden by making it evident that he does not want to let go of his childhood innocence. Although Holden’s character is the main focus of the novel, his remembrances of other key characters help define him and give the reader a better understanding of who he is.

Daniel Suelo the Archetypal hero Essay

The book The Hero with a Thousand Faces, by Joseph Campbell proposes that all myths are essentially hero-quest stories, each of which rings a unique change on a universal pattern; a pattern he calls the â€Å"monomyth.† According to Campbell, the hero’s journey consists of three main moves: departure, initiation, and return. Within each of these categories is a number of stages common to the plots of all hero-quest stories, and can be compared to Daniel Suelo’s adventure throughout his life. According to the book The Hero with a Thousand Faces, the first move of the journey is departure which starts with the call to adventure. The call of adventure is how the journey starts and with Daniel Suelo it starts with him leaving the last of his money in a telephone booth and going for the adventure (accepting the call to adventure), so there is no direct indication of a call of adventure but leaving behind the money is probably the closest. Sometimes the hero does not accept the call to adventure and refuses it which turns the story to the negative, they lose their power and instead of the saving people, they are the one to be saved for refusing. After refusing their life changes from beautiful and colorful to boring dry and empty, and this is not the same as what happens to Daniel Suelo, but his life before was meaningless and he always wanted to take on the adventure (life with no money), so he probably refused the call before and accepted it later on. And for those who did not refuse the call, accepted it and took it on, the first thing the hero meets is a figure that is protective of them, and provides the hero help against whatever comes up on his or her journey. According to Daniel Suelo’s story, he has no supernatural aid, and no one on his side to help him with his journey,but later on in his life he does find a man, and has a relationship, and that relationship is possibly what kept him going, because he was very lonely, and his friend protected him from the feeling of being lonely. According to Joseph Campbell, the hero continues his journey until he comes to a threshold guardian, where he must cross the first threshold. This is where the hero must be brave to step in through the threshold to experience the unknown and compared to Daniel Suelo’s story, he accepted the call to  adventure and gets a supernatural aid, then must go through the threshold which is possibly him leaving his house and leaving his money in the phone booth and taking the world on without any money.The passage of the magical threshold is symbolized in the womb image of the belly of the wale. After the hero taking on the threshold, the hero will easily be sucked into the belly of the wale, and will appear as dead. Daniel Suelo’s adventure starts with him leaving his money, and ending up living in a cave in Utah, and that is where all his adventures start, and the cave is where he sleeps, which makes him appear as dead, then second day he wakes up hes stronger and hes ready t o take on everything. The second big move of the hero is initiation that starts with the road of trials that the hero must go through and experience, to get to the end of his journey. The hero must survive the trials, and this stage in a story in known to be the favorite phase of adventure,  where the hero will meet the unknown and be ready for the unexperienced. The trials in Daniel Suelo’s life is probably everything he has to face everyday to live human beings, to animals.Sometimes Daniel Suelo had to try his best to keep his cave up in Utah from police officers that wouldn’t allow him to live on unused government property. He also how to go through trials asking for food, because Daniel used to only take food from those who offered, or from dumpsters, which is something that some businesses didn’t like. For Daniel Suelo, everyday is a road of trials. After comparing Daniel Suelo to the archetypal hero Campbell refers to, its possible to see similarities him and the hero, but it is also hard to find much concrete similarities between the two. In the end, according to Campbell, I believe that Daniel is actually an archetypal hero that had to go through trails that each other hero went through in movies, old stories, and modern day story telling.

A brief History about football Essay

argyll has 69 sponsors this inure that some(prenominal) tendings the nightspot in one guidance or some other by sponsoring them currency witch helps the casual tally of the gild from protective cover to help pay the group wages and trance to away games and carry throughing nursing kinsfolk park looking clean and tidy. scale and econmic grandness Plym turn outh argyle is of a great econmic splendor to the city of Plymouth, the scale of with is involving spate with jobs locally inside the club to helping company sponsors like ginsters who takes on more module as need to uphold up with demans and soak upting their lines of food to the ground on time.There is umteen mountain that benifit from the club like on match sidereal days on that point is over fifty security faculty working keeping everyone safe, also provide staff selling the drinks and food threw out the game and staff taking tickets and property on the turnstiles leading up to the game. When t he football game season starts Plymouyh Argyle helps bring money into Plymouth and everyone locally benifits from this as every home game, home and away fans travel to Plymouth nigh excreteing the nite or more others scarce spending the day in Plymouth however during the duration of their visit they will spend money in our shops,pubs,clubs,food outlets and other places. government agency of education in the sport Plymouth Argyle run into a big affair locally to show people from all walks of life that in that location is tidy sum of jobs at a football club in time if u cant repair football, from universe a cleaner or doing ground maintenance all the way up to being a penis on the room. in that location are plenty of opportunies of all diametrical kinds of jobs that may stakes people to issue forthting involved with there local group.Plymouth Argyle runs many different kinds of clubs to educate people with day to day running that happens at the club. They ran a pl atform last year called kick come to that helped people die back on track in life and do good and give a bitty back to the community. During this programme they taught them basic electronic com assigner skills, built their confidence up and taught them other skills that may help them trace a job in the future and keep out of trouble and not go back to old addictions.Plymouth Argyle also educates children and adults on why they should keep to a healthy diet and the positives they will perish from it, and why junk food is no good for them in many ways. wreak from media and sponsorship P1. 5. There is lots of influence from media to do with Plymouth Argyle. It can be good our unhealthful for the club or the person or players involved, for example our local newspaper the portend does a write up somewhat the club and how they did or whats liberation on.It can be good to attracts people to come watch the teams next home game when the team is doing good or they have signed new players entirely it also has its down side when the team is not doing as good as expected and negative things are put in the paper or they abridge on at one player. Plymouth argyle has there own website run by the fans for the fans where they can get all the modish gossip speak to other people online watch clips of the latest games and managers comments on how the team preformed last.This site is also first to get any breaking news to do with Plymouth argyle. Televised games has a big influence on the income profit for the club each season so the bump the team does in the cup and the league the more come up there is to be televised by any sky sports or bbc what pays for the rights to televise the teams and helps both teams that our playing out and they get better national publicity and also get paid for there team being televised. Plymouth Argyle has over 70 sponsors this season including coca cola who sponsors the league that Argyle plays in.The money that the sponsors pay t o sponsors Plymouth Argyle gets utilize in many different ways from helping with the everyday running of the club to team transport, players wages, ground maintenance, and better facilities at heart the club for the fans and the players. The sponsors get a board around the ground advertising there company and some times get a mention at fractional time and some times get a fewer free tickets to a selected home game. p3. Employment Plymouth Argyle has many people employed behind the scenes that helps keep the club day to day running run smoothly.There is over 70 members of staff that do there destiny thought-out the week without including the squad of players and the extra staff that is needed for the home games like security, police, provide staff and turnstile staff. Here our a few of the shout outs and the job that they do for Plymouth argyle football club. Paul Stapleton who is the chairman, Robert Dennerly who is the vice chairman, Tony Wrathall & Phill branchia who are d irectors, Michael Dunford who is chief executive, Ian Holloway who is team manager. either these People and many more play important roles within Plymouth Argyle football club. Without each Person playing there role then the club would not run smoothly and would struggle. p. 3. 4 take aim of participants Plymouth Argyle play there football in the second tier of face football know now as the coca cola business, it use to be known as the first incision until coca cola sponsored the old air division one ,two and three changing the name of all three leagues.Plymouth Argyle is a well established team within the championship with this being there third season and been playing there football in the coca cola championship since it changed its name from division 1. Plymouth Argyles best redact in the league and in the clubs recital was last year where they ended up finishing 11th in the table. financial turnover of the club. Here below is a table showing how the club as developed fin ancially since 1994, and how the club itself as made a high theatrical role in profits and is still climbing. (www. footballeconomy. com/stats2/eng_plymouth. htm)