Critically evaluate and discuss Balanced Scorecard Essay

Critically evaluate and discuss Balanced Scorecard - Essay Example customer issues, internal business processes, employing activities and share holders concern. Kaplan and Norton labelled the new tool the balanced scorecard. Many organizations have started using balanced scorecard in order to attain efficiency in their processes. Since it considers all the major components in an organization a total efficiency management is possible in an organization. The four components of balanced scorecard are properly managed in order to create a total efficiency. Balanced scorecard is a strategic planning and management system, which is extensively, used in business and industry, government, and non profit organizations for doing the business activities to the vision and strategy of the organization. Balanced scorecard is using for improving the internal and external communications and monitoring the organizational performance against the strategic goals of the organization. In earlier stage it was used for the measuring the simple performance of the organization to a full strategic planning and management. New card is focusing not only the performance measurement but also helping the managers what should be done and what should be measuring for attaining the organizational objectives in competitive basis. ... overall business strategy into specific, quantifiable goals and to monitor the organization's performance in terms of achieving these goals." (Balanced Scorecard Methodology, 2005). Competitive Advantage enables the company to operate in a more efficient manner and higher quality manner than the companies to compete with and which helping the company for getting higher more profit. "A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices." (Strategy -competitive advantage). Balance score card is focusing the strategy and its results and improving the organizational performance through measuring the measures in a competitive basis, Focusing on a basis of future performance and also which is used as prioritize projects and initiative basis. Kaplan and Norton described in the following manner, "The balanced scorecard retains traditional financial measures. But financial measures tell the story of past events, an adequate story for industrial age companies for which investments in long-term capabilities and customer relationships were not critical for success. These financial measures are inadequate, however, for guiding and evaluating the journey that information age companies must make to create future value through investment in customers, suppliers, employees, processes, technology, and innovation." (Gnanapoo, 2008). According to his perspective Balanced scorecard having the following areas, Learning and growth perspective Customer Perspective Financial Perspective International Business perspective (What is balanced scorecard 2007). The learning and growth perspective is related to the learning and development

Importance of college education Research Paper Example | Topics and Well Written Essays - 1500 words

Importance of college education - Research Paper Example I strongly believe that college education is very important in the sense that it offers better career choices and high wages likely to resolve the social instability prevailing in many families but also presents minorities with chances to climb the social ladder. However, if many people acknowledge the relevance of college education and view it as a meaningful investment, others foreground the risks related to the issue and warn about the potential danger or failure. In fact, college education is often related to high earnings and better career paths and opportunities; nevertheless, some risk factors exist stemming from a potential failure, high rates loans and unstable labor market. This study reveals: â€Å"Going to college seems to be not only profitable, but also affordable given that federal student aid programs provide guaranteed loans and tuition subsidies to needy students. Nevertheless, a number of academically talented young people do not attend a postsecondary institution † (Becker). The controversy about the importance or not of college education may explain why these smart students choose not to further their studies even though the proponents of college education might advise them to believe in the investment. College education is very important because it provides graduates with better career opportunities. Compared to high school graduates or those without any degree, college graduates have a better chance to find a more fulfilling job. Their years spent in college allow them to have a better consideration in the job market, and they may land a very good job that matches their credentials and training. Indeed, college education helps to boost the chances of those who postulate for a job and give them a better impression from recruiters. This critic observes: â€Å"In most modern society today, education has become the key element in the process of social mobility. Educational qualification and the number of years completed at schools have become the most important yardstick needed for occupational attainment† (Yusuf). This connection between college education, especially the number of years spent in school, and better career opportunities has become a reality in most societies in which education is dearly valued and reflects the person’s talent, devotion and skills. These better career opportunities also lead to higher income because the best jobs provide bigger salaries. Therefore, college education gives graduates a better chance to have a high earning compared to those who do not have their qualification. This possibility to acquire more income allows college graduates to appreciate the time they spent in school because it provides them with economic freedom and stability. This economic independence makes college education resemble a sound investment that has become most profitable. This study confirms: â€Å"Education is an investment with high return. In fact, the mean return on education is similar to that of equity, and far greater than the return to bonds or gold. The high return to assets such as equity can be justified by their high risk† (Juud). Comparing college education to equity greater than gold demonstrates the value of such a n education and the opportunity it represents to graduates. This financial aspect that allows people to earn enough money to take care of their expenses and need represents the first step toward achieving a total economic freedom. Analyzing the results of another

Impact of the Global Economic Crisis on Developing Countries

Impact of the Global Economic Crisis on Developing Countries Ever growing poverty, unemployment, huge inequality between rich and poor countries are witnessed to the nightmare and failure of world economy first time in the 21st century. The present economic crises across the globe are said to be the result of neo-economic theories such as Thatcher-Regan free market model which dominated world economic philosophy more than 30 years. The series of the current global financial crisis, particularly in USA and the European countries service industry, Automobiles industry and Information Technology and its related services, are become a global threat where it swallows developing countries economies one by one. Many studies said that this is the result of failure of free market model where the government intervention in trade and commerce is negligible. In a free market economic model, there is a close collision among trade, commerce and Politics which leads to manipulation of market by a few market leaders with the cost of a huge number. In this jun cture, this is the time to find out an appropriate solution to cue and accelerate the economic growth. In this paper an earnest attempt is made to study the impact of global economic crisis on developing countries which are often become puppets in the hands of developed countries. This paper speaks in three core areas where the first section deals introduction of the study, the second section deals, heart of this paper, impact of the global economic crisis on developing countries particularly South Asia, Africa and India and the last section speaks out some possible conclusions. Section I Introduction The global financial crisis has become a full-fledged crisis of the real economy as much deeper than the Great Depression of 1930s. The global recession has set in with all its ill effects on employment, loss of livelihood and houses for people around the world. The demand, especially private consumption, is daily being fall at national and international levels. Investment, output, employment and trade are falling sharply worldwide. Poverty is rising, the middle classes are threatened, and the wealthy and retirees find their assets shrinking dramatically. In most developed countries, new waves of bank rescue packages follow the previous, unsuccessful ones. Conservative central bankers of the USA take on risky assets, their balance sheets and prospective losses swell. Some warn of deflation, others worry that fiscal and monetary stimuli will bring back inflation. Even countries that have accumulated high levels of foreign exchange reserves are concerned by capital outflows, while thos e without queue at the IMF. The latest World Economic Outlook (Update in November 2008); suggest that the world economy will grow only at 2% in 2009, with the advanced economies taken together, experiencing negative growth (-0.3%) during the year. The US GDP is projected to contract by 0.7%, Euro Area GDP by 0.5% and UK GDP by 1.3% during 2009. According to the IMF, this will be the first annual contraction, i.e., absolute fall in output, experienced in the advanced economies in the post-war period. All the major capitalist Centers USA, Europe and Japan are simultaneously in recession. The unemployment rate in the US had already risen to 6.7% in November 2008, with 18.7,00,000 people jobs being lost there since November 2007. The unemployment rates in France and Germany had risen to 8.2% and 7.1% respectively by October 2008 (ILO). With the recession deepening in 2009, unemployment in the advanced capitalist economies would rise further. The initial response of the Governments in the advanced capitalist count ries to the financial crisis was to announce bailout packages for the financial companies, which had made enormous losses. Recapitalization of private financial institutions with public funds took the shape of part nationalization of several banks and financial companies. This was accompanied by coordinated interest rate cuts by Central Banks across the world. These financial and monetary policy measures, however, have failed to prevent a deepening recession, which is now generally believed to be the worst ever since the Great Depression. The Governments of the advanced capitalist countries are now falling back upon fiscal interventions to salvage the situation. Even the bastion of neo-liberal orthodoxy, the IMF, has recently called for a large fiscal stimulus totaling 2% of global GDP, to address the crisis. While the $700 billion bailout package announced in the US in October 2008 was primarily meant to compensate the losses made by the private financial institutions and other cor porates. After much debate between Britain and Germany, the EU has also adopted a nearly $ 280 billion fiscal package including tax cuts and public spending plans. The crisis is exposing the hazards of neo-liberal economic policies and the advanced capitalist countries are being compelled to resort to direct State intervention as the way out of the crisis. However, the extent of the crisis is such that these fiscal measures may turn out to be insufficient. There is also apprehension that the extent of financial losses by banks and other private companies are yet to be revealed. More financial shocks would only aggravate the crisis and worsen the prospects of economic recovery. All efforts would be made by the rich capitalist countries to shift the burden of crisis on to the third world and for the ruling classes to shift the burden on to the working class and the peasantry. USA is a Root Cause for Present Crisis The clear victory for Obama was a rejection of the policies of Bush regime. The growing economic crisis which has badly affected the American people was a prime reason for the victory. The American people are more concerned about how Obama will tackle the economic crisis and revive the economy and jobs. History shows that the Depression, it always comes from American Wall Street. A major promoter of globalisation was the Washington consensus based the network of the Wall Street, the US money lending agencies in the Euro-currency markets. Nevertheless, the new US Govt. led by Obama is trying to revive the economy, has approved a special $800 billion fiscal package to be spent over the coming years in short-term, and it is estimated around $10 trillion to spend in the long-term in the areas like infrastructural development and housing projects to create new job opportunity and so on. It means each American will intervene with USD 2.25 thousand for helping to bail out firms threatened b y the fall-out of sub-prime crisis. However, the White House, the Treasury and the Federal Reserve, who were saying that intervention was inevitable to avoid a financial meltdown, were making the case for a specific kind of intervention that favoured Wall Street. Having made huge profits on speculation big finance wanted the State to pick up the losses when the bubble burst. Section II Impact of Global Crisis on Developing Countries Many developing countries are moving into a danger zone. Growth in developing-countries had been expected to reach 6.4 per cent in 2009, but has been marked down to 4.5 per cent. In the coming period, developing countries will see growing fiscal pressures both on the expenditure side (growing demands for social protection, recapitalization, etc) and the revenue side (as exports and economic activity slow). The appropriate response to falling domestic demand may, in some cases, be a measured fiscal stimulus. However, the credit crunch and flight from risk is already reducing the ability of formerly market-access countries to meet their gross financing needs (rolling over amortized debt and financing their net borrowing requirements). Some developing countries will be hit much harder than the average experiencing growth which is negative in per capita or even absolute terms. Coming on the heels of food and fuel price shock, the global financial crisis could significantly set back the fight against poverty. Sharply tighter credit conditions and weaker growth are likely to cut into government revenues and governments ability to invest to meet education, health and gender goals. The poor will be hit hardest. Current estimates suggest that a one per cent decline in developing country growth rates traps an additional 20 million people into poverty. Already 100 million people have been driven into poverty as a result of high food and fuel prices. Already, sharp cuts in capital flows to developing countries are expected. Even if the waves of panic that have inundated credit and equity markets across the world are soon brought under control, deleveraging in financial markets and an extended period of banking-sector consolidation is expected to cut sharply into capital flows into developing countries. Private flows into developing countries are projected to decline from $1 trillion in 2007 to around $530 billion in 2009 (or from 7.7 to 3.0 per cent of developing country GDP). The food and fuel price shocks have already imposed large fiscal costs on developing countries, undermining their ability to respond to fall-out from the financial crisis. Policymakers responding to high food and fuel prices made extensive use of tax reductions to offset higher prices and increased spending on subsidies and income support. Data from a recent IMF survey covering 161 countries shows that nearly 57 per cent of countries reduced taxes on food while 27 per cent reduced taxes on fuels. Almost one in five countries increased food subsidies while 22 per cent increased fuel subsidies. Recent declines in food and fuel prices do not imply that pressures and problems have disappeared. Although most of the hike in commodity prices that occurred in 2007 and the first half of 2008 has dissipated, commodity prices remain above their 2004/05 levels, and currency depreciation is raising the local cost for many food and fuel importing countries. For the very poor, reducing consumption from already very low levels, even for a short period, can have important long-term consequences. The poorest households may have had to reduce the quantity and/or quality of the food, schooling, and basic services they consumed, leading to irreparable damage to the health and education of millions of children. Poor households forced to switch from more expensive to cheaper and less nutritional foodstuffs or cut back on total caloric intake altogether, face weight loss and severe malnutrition. During 2008-09, higher food prices may have increased the number of children suffering permanent cognitive and physical injury due to malnutrition by 44 million. Many of the countries most exposed to rising global food and fuel prices are those with high pre-existing levels of malnutrition. Financial institutions in developing countries are beginning to suffer from a lack of short term liquidity, as retail deposits exit and non-deposit funding dries up. As the effects of the global recession spreads, the impact will be felt on financial sector asset quality, leading to the need for recapitalization of financial institutions. Lack of liquidity will also reveal underlying weaknesses in regulatory frameworks and in the management of financial institutions, requiring regulatory reforms and capacity building. Tight credit markets in developing countries are rapidly affecting the real sector, especially sectors reliant on trade, finance and working capital. Impact on the South Asia While some countries in South Asia had relatively less exposure to the crisis through adverse effects on capital flows, they remain vulnerable to global economic slowdown through export earnings, remittances and external financing of infrastructure. Growth in South Asia decelerated in 2008, falling from 8.6% in 2007 to below 7% based on estimate as of last December 2008. It is projected to decline further to around 6% or below in 2009, before recovering to around 7% in 2010. Even at these reduced growth rates, South Asia stands out compared to the recession in the developed economies. Nevertheless, with 900 million people in developing Asia surviving on $1.25 a day more than half of those in South Asia any tempering of growth is a serious case of concern. We believe, there are four inter-related impacts of global economic downturn on Asia. First, economic slowdown would result in reduction of exports with the attendant effects, not only on export-oriented, value-added industries th emselves, but industries across the value chain. This impact could manifest itself in the form of unemployment and a reduction in GDP. Second by, the impact is being felt through the financial system. By this, we mean that the outflow of foreign direct investment from Asias financial markets result in depressed domestic equity markets and contribute to conservative lending strategies. Third by, impact relates to liquidity in domestic financial markets. If credit availability remains constrained, it is likely to be even more constrained for the lower end of the market, i.e., credit for labor-intensive small and medium enterprises and micro enterprises with its serious impacts. Fourth by, impact, though not fully evident yet, could be on informal social safety nets by virtue of reduced remittances received from overseas migrant workers as the host country economy slows down and capital expenditures are reduced. Impact on African Continent The poorest countries of Africa will be significantly affected by the crisis. African countries will be harmed through slower export growth, reduced remittances and lower commodity prices. The crisis may also lead to a reduction in private investment flows, making weak economies even less able to cope up with internal vulnerabilities and development needs. Some African countries are facing serious macroeconomic imbalances quite independently of the financial crisis, mostly brought on the fuel and food crises-such as Ethiopia having 60 per cent inflation and so on. Burundi, Madagascar, Niger, Timor Leste, Ethiopia, Somalia and Yemen are among the ten most affected countries for both stunting and wasting indicators. All of these countries experienced double-digit food inflation during 2008-09. Impact on the Indian Economy India has already entered into recession though late a little bit compared to west. Indias exports had been expected to reach USD 200 billion by 2008, but unfortunately has been marked down to USD 180 billion in December, 2008 (when it was growing 30.9% during the last six months, but it is reported to 12% in December, 2008). According to Mr. Shaktiwel, President of Federation of Indian Exports Organization (FIEO); Indias export share (which is 20% of the GDP) is going down, and it is expected to be 10 million job losses in March, 2009. Indian exporters have mainly been depending on North American and European markets, and both markets have entered into recession. Indian Govt. has announced an extra rescue package (around $4 billion) for the producers and exporters to revive the economy. The Indian financial system has remained relatively immune from the devastating crisis afflicting the advanced capitalist countries, mainly due to the extant regulations and public sector domination of the financial sector. The stock markets have witnessed a meltdown though, with the FIIs being net sellers worth $13.1 billion in the year 2008, which has also led to a decline in Indias foreign exchange reserves. The real impact of global recession on the Indian economy, however, is mainly being felt in terms of a slowdown in exports and industrial growth. Dollar value of exports in November 2008 ($11.5 billion) was almost 10% lower than that in November 2007 ($12.7 billion). The Index of Industrial Production recorded a 0.4% fall in October 2008 compared to October 2007, with the manufacturing index registering a 1.2% fall. The prices of cash crops have also declined adversely affecting the farmers. Job losses have escalated. At least 1, 00,000 gem trade workers have been rendered jobless in Gujarat. It is estimated that around a million jobs have been lost. As per estimates by Assocham and others in the coming period, job losses will mount to ten million. The economic managers of the Government, who till not so long ago were boasting about attaining 10% GDP growth, have now downgraded their GDP growth forecast to 7% for 2008-09. Economic growth is likely to slow down sharply in 2009. Howeve r, the UPA Government has neither learnt the proper lessons from the financial crisis nor is it willing to shed its neo-liberal dogma and adopt effective steps to deal with the slowdown. The basic demand was for a fiscal package directed at increasing public expenditure in ways, which increases the income and consumption of working people and ensures broad-based growth. Increased public investment in agriculture, expansion of the NREGA, higher allocations for health and education, infrastructure like rural roads, housing for the middle and lower income groups and universalisation of PDS were specifically demanded, apart from a reduction in fuel prices, regulation of organized retail, tariff protection for farmers and small industries and reversal of financial liberalization. A moratorium on job and wage cuts was also demanded. Price rise and food supply Though the rate of inflation is going down, there is no reduction in the prices of food items and other essential commodities. People continue to suffer from high prices in retail items. Petrol and diesel prices were marginally reduced by the Government in early December 2008, by Rs. 5 and Rs. 2 per liter respectively, but the reduction was inadequate considering that crude oil prices have come down to below $50 per barrel from the peak of $147 dollar per barrel in July 2008. Further, reduction of oil prices has to be done by the government. Food insecurity has had a devastating impact leading to increased malnutrition and hunger as a direct result of faulty food policies of successive governments. Deaths due to malnutrition and hunger have taken place in tribal areas in Maharashtra and Jharkhand. With the increased procurement of wheat this year, stocks with the government are at 22 million tonnes; double that of the buffer norm for the month of October. Taken together, the rice and wheat stocks of the government are 29.8 million tonnes against the minimum combined buffer norm of 16.2 million tonnes, a 84 per cent surplus over the required buffer. According to data supplied by the Ministry, between 2005-2006 and 2007-2008, the average annual allocation for Above Poverty Line ration card holders to the states was cut by 73.36 per cent. Yet, the government refuses to restore the allocation preferring instead to sell the stocks to traders at subsidized rates. Inadequate Government Measures The fiscal package announced by the UPA Government on 7th December 2008 increased Plan expenditure by only Rs. 20000 crore, which is less than 0.5% of Indias GDP. Such a weak fiscal stimulus would not succeed in reversing the slowdown and arresting the consequent job losses and growing unemployment in the economy. The Government primarily relied on tax cuts, like the 4% cut in the CENVAT rate, to stimulate the economy. The Government has failed to link the concessions to industry to conditionality preventing layoffs and retrenchment. The State Governments were totally neglected in the fiscal package. With tax revenues falling due to the economic slowdown, the State Governments are experiencing great difficulties in maintaining the desired level of Plan expenditure. A debt relief package for States along with interest rate subsidy on their borrowings, relaxation of fiscal responsibility norms and greater transfer of resources from Centre to States are required, in order to enable the State Governments to step up expenditure to create jobs and expand welfare measures. A second stimulus package was announced by the Government on 2nd January 2009. Not a single rupee of additional spending was announced over and above the amount of Rs. 20,000 crore additional Plan outlay announced on 7th December 2008. In fact, the Government ruled out any further increase in public spending in the current financial year. By announcing that further fiscal measures will only be contained in the annual Plan for the next financial year, the UPA Government is shifting the burden of addressing the economic slowdown on to the next Government, after having imported the global recession into the domestic economy by pursuing neo-liberal policies. The Government is basically trying to salvage the situation by infusing liquidity into the financial system through interest rate cuts and other monetary policy measures. It is also doling out tax concessions to the corporates in order to protect their profits and trying to ensure that they do not abandon their investment plans. Thes e measures would not succeed since recessionary fears have already gripped the private corporate sector as well as middle-class consumers, who are cutting down on investment and consumption spending. Neo-liberal dogma prevents the UPA Government from embarking upon a substantial fiscal intervention that can provide some succor to the slowing economy. What is more disturbing is the fact that in the name of announcing a stimulus package on 2nd January 2009, the UPA Government has pushed further capital account liberalization measures like easing External Commercial Borrowing norms for corporates, especially for the real estate sector. The investment limit for FIIs in corporate bonds has also been raised. This shows that the Government has learnt no lesson from the global financial crisis and continues to repose its faith upon speculative international finance capital. The UPA Governments stubborn refusal to learn from global experiences and its recklessness in pushing ahead with financial liberalization was also visible during the winter session of Parliament when two Bills The Insurance Laws (Amendments) Bill and The Life Insurance Corporation (Amendment) Bill were introduced in the Rajya Sabha and the Lok Sabha respectively on 22nd December 2008. The first legislation seeks to raise the FDI cap in the insurance sector from 26% to 49% and allow the same foreign players, who have played havoc with the global financial system, to expand their control in the Indian insurance sector and gain access to the savings of the people. Another amendment is to allow foreign companies in the reinsurance business. These legislations are meant to keep the process of insurance sector liberalization and privatization alive despite the global shift in favour of public ownership of financial institutions in the wake of financial crisis. It is clear that the response of the UPA Government to the global economic crisis would be limited to defending the interests of big businesses, international finance capital and the affluent sections. On the other hand, the working class is coming under increasing assaults in the form of lay-offs and retrenchment. With a deepening recession, prices of agricultural products particularly, cash crops like coffee, rubber, pepper etc. are falling drastically, adversely affecting the peasantry. The brunt of the crisis will be borne by the peasantry and leads to suicides by farmers are recurring. Small-scale producers and traders, especially those in the unorganized sector, would be badly hit. Section III Is a Practical Solution for the Current ills Possible? Though, on 2 April, 2009, the G-20 summit held in London address the current financial crisis. There is no guaranty of bang of world economy once again. Instead of finding of roots of dearth of the economy, they came with some sops for the global economy. If you go throughout history, one can know that people are not ready to learn. There is no doubt in saying that any financial and monetary measures of the USA and EU will bring more inflation, more devaluation of national currencies, more unemployment, more painful losses of the markets and lower prices of export commodities of the developing and poor countries, more unequal exchange. The society is organized on the principle of division of labour if its health is to be ensured, then all the three dimension of an economy namely; production, exchange and distribution should be taken care of. It is, therefore, necessary that production should be guided not by market forces e.g., demand and supply but the need of the society. There wer e three essential functions to be performed namely; to adept production according to need, to maintain the volume of production up to the limits set by available resources and to distribute equitably the common product among the producers. Production is guided by demand and not by need of the societies and hence it is governed and measured by income, which is very low as compared to need. Again, the level of production is not maintained according to the existing resources. It was carefully directed by the capitalist proprietors who according to their own wishes, controls its volume and size motivated chiefly by the ideal of maximization of profits. Consequently, the distribution of wealth was unjust and there was exploitation of masses by a few. The diminishing purchasing power of working classes, total consumption fails to keep pace with total production leading to unemployment, further diminishing of purchasing power and ultimately to an intensification of crisis. This leads to in the volume of production of those commodities which the labourers are unable to purchase. Consequently, prices go on falling, size of production is reduced, factories are closed and unemployment is created leading to further crisis. Developing countries, particularly India has to spend more on areas like housing projects for low-income urban residents, farmers livelihood and rural infrastructure, the construction of railway, road and airports, education and public health care, ecological construction, technological innovations and disaster relief more systematically. It is an opportunity to change this current global economic and political order. Need to address global imbalances by creating a new global currency, should be widely accepted at international level along with credible insurance mechanisms for countries that forego reserve accumulation and stimulate domestic expansion, along three possible lines: more central bank swap lines; reserve pooling; and a major expansion of IMF resources, together with IMF emphasis on a large, flexible, fast-disbursing facility that would come with little or no conditionality to countries that are adversely affected by global shocks. Accelerate the development of financial systems in emerging markets, in particular local currency bond markets and foreign currency hedging instruments. Promote regional cooperation in the design of common institutional standards for financial market development and work to lift barriers to cross-border asset trade within regions would be helpful to avoid any further economic crisis in future.

Federalist 10 Essay -- essays papers

Federalist 10 Liberty. This word means many things to many people. There is no way to distinctly define the term without leaving someone's crucial point of view out of the equation. One person might say that anarchy would be the only way to have complete and utter freedom, while others would go as far as to believe a controlled communist government is the best route to achieving liberation. Factions (a group of people who agree on certain topics) are inevitable, due to the nature of man. As long as men hold different opinions, have different amounts of wealth, and own different amount of property, they will continue to fraternize with people who are most similar to them. In Federalist #10, James Madison summed up factions eloquently stating that â€Å"Liberty is faction, what air is to fire, an ailment without which it instantly expires.† The government created by the Constitution controls the damage caused by such factions. The likelihood that public office will be held by qualified men is greater in large countries because there will be more representative chosen by a greater number of citizens. Power is distributed in a checks and balance format, mak ing it difficult for factions to completely take over. Madison’s views on faction are still relevant and exercised frequently even after 200 years have passed. James Madison’s most amazing political prediction, contained within the pages of Federalist 10, was that the United States being so large and having such a wi... Federalist 10 Essay -- essays papers Federalist 10 Liberty. This word means many things to many people. There is no way to distinctly define the term without leaving someone's crucial point of view out of the equation. One person might say that anarchy would be the only way to have complete and utter freedom, while others would go as far as to believe a controlled communist government is the best route to achieving liberation. Factions (a group of people who agree on certain topics) are inevitable, due to the nature of man. As long as men hold different opinions, have different amounts of wealth, and own different amount of property, they will continue to fraternize with people who are most similar to them. In Federalist #10, James Madison summed up factions eloquently stating that â€Å"Liberty is faction, what air is to fire, an ailment without which it instantly expires.† The government created by the Constitution controls the damage caused by such factions. The likelihood that public office will be held by qualified men is greater in large countries because there will be more representative chosen by a greater number of citizens. Power is distributed in a checks and balance format, mak ing it difficult for factions to completely take over. Madison’s views on faction are still relevant and exercised frequently even after 200 years have passed. James Madison’s most amazing political prediction, contained within the pages of Federalist 10, was that the United States being so large and having such a wi...

Cipd Cipd

CIPD Assessment Activity Title of unit/s |Contemporary Developments in Employment Relations | |Unit No/s |5CER | |Level |Intermediate | |Credit value |6 | |Assessment method |Written answers to questions | | |Professional discussion (mixed mode delivery only) | |Learning outcomes: | |Understand competing approaches that contextualise contemporary developments in employment relations. | |Understand contemporary labour market trends and data. | |Understand the main sources of employment relations legislation. | |Understand the role of the parties that affect the management of employment relations. | |Understand contemporary developments in employee involvement and participation. | |Understand different forms of conflict behaviour and dispute resolution. |Assessment brief/activity | | | | | |In consultation with your tutor you are required to select three out of the six questions/tasks below and provide | | |answers to each one selected. | | | | | |Define and explain the different perspectives and approaches taken to manage employee relations and the balance of |1. 1, 1. 2,1. 3 | |power between management and individual employees. | |Identify and explain the labour market, how it is regulated and, using trend data and evidence, evaluate how it has | | |changed over recent years. | | |You are required to prepare a briefing paper for newly appointed managers that: |2. 1, 2. 2, 2. 3 | |identifies and explains the main sources of employment relations legislation | | |defines a contract of employment and the essential features of a written statement of further particulars | | |assesses the impact of two recent developments in individual employment rights |3. 1, 3. 2, 3. 3, 3. | |advises on the role and scope of trade unions. | | |Explain, using examples, how the actions and behaviour of management, trade unions and the state can impact on the | | |nature of employment relations. | | |Critically assess the claim that effective employee involvement and participation will strengthen both the traditional| | |and psychological exchange between an organisation and its employees | | |You are required to brief the senior management team on recent trends in industrial action and explain the approaches |4. 1, 4. 2, 4. | |and skills required to help manage both individual and collective conflict. | | | | | | |5. 1, 5. 2, 5. 3 | | | | | | | | |6. 1, 6. 2, 6. 3, 6. | |Evidence to be produced/required | | | |Answers equating to approximately 1000 words to any three of the questions/tasks above, together with a list of cited References and a | |separate Bibliography of sources consulted but not specifically mentioned in preparing each answer (but these should be excluded from the | |word count. ) | |Professional discussion (transcript and supporting information) equating to approximately 1000 words for each question). |

Epistemology and Metaphysics Schools Paper Essay

The nature of skepticism in real-life today, on a daily basis goes mostly unnoticed. People react to environments of skepticism differently and could become biased upon the subject discussed. According to Encyclopedia Britannica (2011), â€Å"skepticism is defined as 1: an attitude of doubt or a disposition to incredulity either in general or toward a particular object 2 a: the doctrine that true knowledge or knowledge in a particular area is uncertain b: the method of suspended judgment, systematic doubt, or criticism characteristic of skeptics† (Dictionary, para. 1). People are inclined to accept ideas in society today without questioning what is actually being presented. It is very important to question or think critically when confronted with authority because the issue at hand may not always be right. Imagine if Philosophers, such as Copernicus did not hypothesize that the earth is not the center of the universe. We would still be living with various points of views on the subject. People should not accept ideas of others without questioning the ideas first. Unfortunately, we do this everyday unconsciously. At work our supervisors make requests to perform certain tasks, which most of the time we do not question the outcome. We take for granted that our supervisor knows what he or she is doing because of the authoritative figure that he or she plays. Skepticism could have quite an impact on the way employees perform his or her job. In the work environment employees usually take for granted that the boss knows best, and depending on the situation might not question the reason for his or her position on the process. For instance, when a supervisor implements a new job and informs his or her employees on the due date without asking for input, it is with reasonable doubt that one would be skeptical. The employees could have questioned the boss’s process such as whether he or she maintained good judgment on the direction that he or she takes on-the-job. Questions could also be raised in regard to the types of consequences employees will have if the job is not performed well. Employees could be skeptical of the job and ask if it is in the best interest of the company, especially if the supervisor did not have input from the employees prior to the start of the job. Employees typically become skeptical and doubt the authority figures of most bosses. Skepticism also plays a role in our schooling. We usually take the teachers role and the information presented to us to be correct even though the information could be incorrect. Our society has come to trust what others have told us to believe in and our minds have been trained to believe the information to be correct. Everyone should be valued for his or her own opinion and healthy skepticism in real-life environments. References Encyclopedia Britannica. (2011). Encyclopedia-Britannica Online Encyclopedia. Retrieved from http://www.britannica.com.ezproxy.apollolibrary.com/bps/dictionary?query=skepticism&header_go=

Closing Year Of The Civil War essays

Closing Year Of The Civil War essays The American Civil War was one of the largest in world history. The number of American lives lost in this war had never been heard of, nor has it been. The fighting that took place tore our nation apart and we still feel the effects 135 years later. This war is so widely written about, that it is nearly impossible to write about everything that happened. That is why I will be writing about the closing days of the Civil War. This is an interesting time, because it is all winding down and you see exactly how it ends. The end of the American Civil War was probably one of the most interesting times. The final year in the war started towards the middle of 1864. On March 9, 1864 Abraham Lincoln promoted Ulysses S. Grant to lieutenant general. This left him in charge of the entire Northern army. This is a key point, because Grant was a good general and was able to do a lot with all the men he possessed. This was one of the major transitions into the end. After he was appointed there was a brief period of time where not much happened. On May 5, 1864, the intense fighting started right back up at the Battle of the Wilderness. Although this battle only lasted until May 6 it was meaningful. It started the fighting again and showed that the two sides had not yet given in. The battle was continuing steadily for the next month and a half. Three battles occurred in this time frame. A very important event occurred on November 8, 1864. Abraham Lincoln was reelected to the presidency. This was very important because he was so influential as a president it scared the South. He possessed great leadership qualities and was determined to handle the situation. The end of the war was a little over a year away, but you could almost sense how it was getting ready to end. The first major event of 1865 was definitely on February 6, 1865, when Robert E. Lee was appointed general in chief of the South. It was important because it co ...