Wednesday, July 31, 2019

In Tim O’Brien Essay

In Tim O’Brien’s â€Å"How to Tell a True War Story,† the author tries to humanize war by letting the reader know how absolutely difficult telling a war story is. He does this by giving many unsolicited pieces of advice about how to tell a true war story, but many of them directly contradict each other or do not make sense when compared side-by-side. In giving these pieces of advice, he is also telling war stories that either do or do not fit his own criteria. And yet, he humanizes the people involved in fighting this war by giving the reader these lessons. One great example of this is when he tells the story of Rat Kiley and Lemmons. O’Brien begins by telling the reader that â€Å"a true war story is never moral†(O’Brien). He continues with, â€Å"If at the end of a war story you feel uplifted, then you have been made the victim of a very old and terrible lie† (O’Brien). Then he tells us first the story of Rat Kiley writing this letter to the sister of his best friend who died. Kiley pours his heart out to this woman and she never writers back, and he has a derogatory comment about the sister. This certainly is not uplifting, but Rat Kiley has been humanized. The reader can somewhat imagine writing this letter and understands what it would take to write a letter like this, and then to have it unacknowledged. While O’Brien tells us almost nothing directly of the character of Rat Kiley, the reader learns mounds of information about his character nonetheless. O’Brien continues on to tell us about the death of Lemmons, and then he explains that even his own telling of the story is subjective. What he thinks he saw versus what might have actually happened are two different things. We didn’t know Lemmons, but again, we feel like we know something of his character from hearing this story. O’Brien is able to provide such beautiful or not so beautiful characterizations of these men without really telling the reader anything. But these men are humanized for us. They are not statistics in a war; they are real men. Another lesson O’Brien teaches is that â€Å"In a true war story, if there’s a moral at all, it’s like the thread that makes the cloth. You can’t tease it out. You can’t extract the meaning without unraveling the deeper meaning. † He tells us that true war stories do not generalize but they make us feel it in our stomachs. We can’t generalize to something simple like â€Å"War is hell. † He then tells us another story of Rat Kiley when he slowly slaughters the water buffalo. The reader is horrified, but also at some level understands why Rat Kiley did this. The water buffalo becomes a symbol of the breakdown during war itself. The incredible need for violence and retribution is strong. It is a horribly sad story of the slaughter of an animal. But based on what we already know about just what Rat Kiley has been through, we understand him on some gut level. War is hell, but it is also mystery and beauty. â€Å"Though it’s odd, you’re never more alive than when you’re almost dead. † The reader can understand this and understand the characters better because of it. These men are not monsters; they are just men. They are fighting a terrible war and are forced to do terrible things, but they are human. â€Å"At the hour of dusk you sit at your foxhole and look out on a wide river turning pinkish red, and at the mountains beyond, and although in the morning you must cross the river and go into the mountains and do terrible things and maybe, die, even so, you find yourself studying the fine colors on the river, you feel wonder and awe at the setting of the sun, and you are filled with a hard, aching love for how the world could be and always should be, but now is not† (O’Brien). This passage describes all men in war, and even though Rat Kiley has done terrible things, we understand a little bit about what he must be thinking. We understand how these men value their lives even more because of war. In O’Brien’s unique way, these men are truly humanized. By providing the reader with various instructions throughout the story about what a true war story isn’t and what a true war story is, these men are deeply humanized. The reader understands from Tim O’Brien that war is never as simple as it seems, and neither are the men who fight the war. He tells us horrible stories about these men, and yet, these stories help us to understand the men better. With the commentary O’Brien provides about how to write a true war story, the reader understands so many things. We understand that these â€Å"true† war stories may not even actually be true in the most common sense of the word. We understand that, no matter what, they are never simple. The lessons are never clear. They are not pretty, and if they are, they are not true. In other words, the characters of war are as complex as the reasons we fight wars. While it would be nice to have a tidy moral, there are none. At the bottom of it all are human lives. These men are not heroes and they are not monsters.

Tuesday, July 30, 2019

Early Childhood Special Education Roots Essay

Early childhood special education that is practiced today has a varied and sometimes hard won history. Its roots are entangled in cultural, economic, and idealistic influences; each facet tinged by the colored lens of the times and adding a little glint to modern day practices. The conglomeration of historical theories and practices, political actions and enacted laws has paved the way to modern early childhood special education practices and programming. Just like a child learns and builds on his knowledge and understanding of his environment, so too does the practice of early childhood special education. In its infancy ECSE was not labeled as such, and in fact was simply teaching. Throughout history, many educators have had differing perspectives and opinions on how best to educate children. Many of those ideas and practices have popularly endured, and some have become very small portions of our current systems, or faded into obscurity altogether. One of the earliest models on early childhood education was the Montessori model. The Montessori methods and tools are prevalent in classrooms today, from individualized and sensory programming to didactic learning materials. Other early educators realized that even very young children benefit from instruction. Jean Piaget identified stages of development from birth to adolescence that still assist educators in identifying appropriate modes of teaching. Others like Robert Owen, John Locke and Lev Semenovich Vygotsky theorized that a child’s environment had a profound influence on his/her development and education, giving a foundation for current early intervention strategies in impoverished, urban areas. Vygotsky also gifted to forward generations the theories of the Zone of Proximal Development, scaffolding and ideas about special needs students working in least restrictive environments. All the way from these LRE’s, are the ideas of institutions. The residential school model however is still useful in some ways today. Samuel Gridley Howe and Dorothea Dix implemented supportive, residential schools for children with disabilities, but when the First World War had its grips on the country, the schools deteriorated into holding cells that pervaded until throughout the depression era. Politics and societal situations have always been instigators of change for education. Post World War II, many war veterans returned home with disabilities changing the attitudes and urgency in servicing individuals with special needs, spurring a profusion of financial and program support. Moving into the mid-20th Century, civil rights opened a consciousness about not only race, but also a socioeconomic dichotomy. Project Head Start was federally funded compensatory program, with a focus on aiding the impoverished; it would later evolve into a more comprehensive program for seeking and aiding special needs children and families. Many other programs and studies aimed at supporting young children with disabilities and their families began to appear, including Early Head Start, the Carolina Abecedarian Project and the Perry Preschool Project, among others. These programs and research studies aimed at aiding and reinforcing the importance of early intervention for at risk children. Supporting and preemptively averting the struggles brought on by environmental disadvantages made the transition to special education support logical. With the social climate changing and an awareness of human rights, legislation regarding special needs populations was ripe. Perhaps the greatest catalyst to change was the enactment of PL 94-142 the Individuals with Disabilities Education Act of 1975. The foundations of this public law and the following amendments are the backbone of all special education as we know it today. This law has 6 main areas of concern. First, the right to a free and appropriate public education is bestowed. Throughout the coming decades, interpretation of FAPE comes up in many court cases, each ruling setting precedence for the future. Second, children with disabilities are given the right to learn in the least restrictive environment (LRE) a practice from centuries prior, but with legal backing, changed the model of public schools in this country. An Individualized Education Plan was written into the body of the IDEA, giving specific protocol for supporting the learning of each individual student. This item is the true workhorse of special education classrooms, bringing the student’s goals, objectives and educational plan, the educators, parents and the other support staff together in one document. The fourth premise of the IDEA is the guarantee to guardians of procedural due process, retaining the guardian’s rights regarding notices, evaluations, placements and other educational plans. Unbiased and multiple assessment criteria is the 5th area addressed in the IDEA. Lastly, part of the legislation includes the parents of special needs students, by affording them access to related services that would benefit the student. Related services was and is an area for interpretation, and again, many court cases have been tried and decided creating standards for what qualifies as a related service. Aside from these six main points, the IDEA has outlined much more. IDEA has given us a universal structure for classifying disabilities, and in a 1991 amendment, ruled that an umbrella classification for preschool aged children was acceptable and malleable state to state. This meant that children would not have to be prematurely labeled or stigmatized, when proper assessment was yet to be exacted. This law gave rise to the term â€Å"developmentally delayed†. A preschooler and his/her family could receive services under the classification of developmentally delayed. IDEA has also given individual states the leeway to define and exact methods of determining what developmentally delayed means. While culturally and regionally more specific, this leaves a large range of differences in qualifications across the country. Since its inception, individuals with special needs have reaped many benefits from the laws and boundaries set by the IDEA, but it wasn’t until October 1986 that very young special needs children and their families could be guaranteed services. While grants and incentives for states to serve the preschool population were available, participation in those programs were completely voluntary. The Education of the Handicapped Act Amendments, or PL 99-457, passed in October 1986, mandated that all special needs preschoolers between the ages of three and five be provided with a FAPE . This law was enacted with the purpose of enabling early intervention and a cost effective preventative strategy to serving special populations. Part C of this law also makes services for infants, birth to age two voluntary. Adding preschoolers to the population of compulsory service made the use of IFSP or Individualized Family Service Plans prevalent. These plans are similar to IEP’s except that they comprehensively include the family and give leeway to assigning the role of the service provider, enabling professionals who are most capable of assisting each family to act. Unlike and IEP, the IFSP must be reviewed at least every 6 months, ensuring relevancy with a quickly growing and changing child. Related services including counseling and classes are now extended to family members. By sharing the process and improvement with the preschoolers’ guardians, we are able to see much greater progress with cooperative engagement. Along with the IFSP, PL 99-457 saw the requirement of an Individualized Transition Plan, aiding young adults in making the change into adulthood. Fast forward to 1997, and PL 105-17 made some important amendments to the IDEA. Related services are expanded, developmentally delayed category can be applied up until age nine, parameters and process around discipline is set. Functional Behavior Assessments or Behavior Intervention Plans must be enacted when providing discipline to special education children. Also, assessments for qualifying for special education are expanded, and Child Find reaches into private schools to deliver services to more children. Along with these changes also came a change in funding based on census data versus enrollment data. The percentages served translated to a fixed amount of funding, averting a glut of over qualifying students. Lack of English Language proficiency is excluded as an area of qualification for services. This is important with the rising populations of English language learners. With the number of children from non-english speaking families on the rise, achievement gaps were widening. The No Child Left Behind Act in 2001 was drawn to support impoverished, special needs and English language learners. This act is directly responsible for the Amendments to IDEA that came in 2004. One of the most important changes made was that of aligning the standards of highly qualified special education teachers to the standards of the No Child Left Behind Act. Inclusion of ECE teachers is yet to be enacted, however. The field and study of Early Childhood Special Education is a deeply diverse and ever evolving practice. Past experience has dictated that social climates, politics, events and laws all contribute to the programming of ECSE. The gains have been great, with dramatic increases in the numbers of children and families found and served, but as a nation, we certainly have some more distance to travel. With current legislation and social issues ranging from secure schools to better serving working families, subsidized healthcare, immigration policies or revamping teacher evaluations, the future of Early Childhood Education is unwritten and open to influence.

Monday, July 29, 2019

Critique paper Article Example | Topics and Well Written Essays - 500 words

Critique paper - Article Example The article provides the reader with a response from the CEO of Disney to the member of congress, which was meant to ridicule him for not getting his facts straight (Mangu-Ward 1). This paper will criticize the article, and mention some of the crucial aspects the reader needs to note. The author provides sufficient evidence to support the issues raised by the member of congress. This is through direct quotes that are recorded in the article from the member of congress. The author’s thought processes are brought out through the interpretation she offers the reader. This assists in bringing the reader to one conclusion about what goes on in many of the corporations present, but ensuring the reader understands that Disney is not among them. This is done by the author through the evidence the Disney CEO provides about what goes on (Mangu-Ward 1). It is not clear if the author will gain anything through favouring either party. It is; therefore, fair to say that the author was not biased in any way. The overall message from the author is logical because, it brings out what happens in many multi-national corporations, and how they do it. It is through the evidence provided that one can see the application in the real world (Mangu-Ward 1). It is possible for this to happen in today’s society with the advancement in technology. Corporations are guilty of putting their profits above the people’s interests. As a reader, one has to agree with the suggestions put across in the article. Social sites are examples that may assist an individual comprehend the situation better. These sites ask for personal details, and act as a passage for this information. People on social networks need to be wary of the issues that may come up with providing such information. In conclusion, the issue of what happens to privacy once individuals decide to be part of the technological world should be given thought. This may ensure individuals are safe and enjoy

Sunday, July 28, 2019

Academic freedom Essay Example | Topics and Well Written Essays - 750 words

Academic freedom - Essay Example The problem highlighted by the author here relates to identity, authority and freedom of speech and expression in the world in general. The fact that, nothing in this world is seen in isolation but is relative to other things or dependent on other elements such as culture, religion, geographic similarity, religion, nationality or politics. In light of social sciences and humanities, the author considers race, gender, ethnicity and religion as political factors that hinder learning and knowledge at all levels especially in the academia which is suffering from a lack of academic freedom as the author terms it. He believes that academics forms a basis of what the students would later be like once they leave the academic institute and the social, political and general environment is what defines their future and how they deal with adversities. The realities of social life are bitter but a lot of it can improve if academic culture is transformed. It needs to not teach about a specific dom inant culture and its superiority but it needs to teach people about other cultures and nationalities, about developing tolerance and appreciation for others, about learning what other religions, races and geographically diverse ethnic groups are about. The author argues over the lack of democratic rights, free press and a missing feeling of well-being exists in places like Saudi Arabia, too full of their national pride and religious superiority. In comparison to Arabia, the American academy is seen to be more liberal and diverse, giving the feeling of confidence and freedom to those who belong there. The difference is vast and it is what creates disparities amongst people at a late stage. The argument is in favor of a liberal form of enhanced academic freedom which can help solve problems like national and cultural  intolerance, ethnocentricity and stereotyping.  

Saturday, July 27, 2019

Essay Example | Topics and Well Written Essays - 1500 words - 41

Essay Example The rate at which Digital networks is transforming workplace is incredible. The networked business entities have created a virtual business environment where by employees can now work from home. Work groups are distributed around the entire globe in almost all the fields of works. Their convergence is achieved through hosting meetings over the internet through videos and audios, regardless of their location (Davenport, 2005 p.56). The advancement of these efforts has enabled them to share thoughts, goals and common interests of their respective fields of professions. This virtual environment has proven to be a positive impact to businesses since it enhances flexibility of work and duties. Organizations must shun the old and outdated models which they usually engaged in. The tendency of employees converging at the central place of work is boring since a few numbers of employees can keep up with that model today (Regan & Oconnor, 2002 p.8). Proper organization structure, resource management and staffing are the key strategies for the success of any business of the company need to be motivated to make them enjoy their duties which enhances productivity of the organization. Adoption of Information Communication Technology in businesses fosters overwhelming business relationships. The relationship among the customers, the employee and the business shareholders have to be strong. The time factor at which the customer receives his /her services is also paramount since if acts as a motivation factor to attract more customers. A good technological system ensures all these necessities are taken into account (Regan & Oconnor, 2002 p.12). In a networked business setup, workers can access all the information they need from the powerful PCs of the company. The presence of Wide web’s opens up the enterprises to the world thus creating more opportunities on their services. Business inventions are also important aspects for its

Friday, July 26, 2019

Hull City Marketing Strategy Essay Example | Topics and Well Written Essays - 3000 words

Hull City Marketing Strategy - Essay Example Chocolates are commonly used in Christmas time, which presents a good opportunity for Thornton to promote their products. The company continues to adapt new strategies to meet consumer’s needs and be competitive during Christmas time in Hull. It has established various strategic plans for the business to create a competent organizational process, increase its sales and margins, incentives and measurability. Different media channels will be used to promote the campaign slogan â€Å"Christmas time-chocolate heaven†. The slogan will strengthen the image of Christmas time as a great time to celebrate and have a relaxing moment using Thornton’s range of products such as variety of chocolates wedding favors, corporate gifts, and hampers boxes. The case study of the Company will provide an opportunity to evaluate the whole aspect of planning for considerable growth during Christmas time. Table of Contents Executive Summary 2 Table of Contents 2 Introduction 4 SWOT MATRI X 5 11 Marketing Objectives 6 111. Target Markets 7 IV Product Offering 8 V. Brand/Product Positioning 8 VI Marketing Strategies 9 Consumer Behavior 9 Marketing Mix For The Marketing Strategy 10 Product 10 Place 11 Price 11 Promotion 12 Vii Implementation and Control 14 Sales Increase Objectives 14 Increased Product/Brand Awareness Objectives 14 Viii Budget 14 Appendix 15 Appendix 1 15 Appendix 2 17 Appendix 3 17 Appendix 4 17 Available at: Financial Times LTD 2012, Thorntons PLC Markets data: http://markets.ft.com/Research/Markets/Tearsheets/Business-profile?s=THT:LSE 18 Works Cited 19 Introduction Christmas time is an entertaining forum where the concept of gift exchange is much eulogized. It is a season that main waits with expectations as they appreciates and end the year with the loved ones. Indeed, this season raises the need to exchange gifts to the loved ones and as chocolate remains the best gift for someone special. In the British culture, chocolates augment love language and thought as romantic (Hull City, 1961). During Christmas time, most young couple regard exchanging gifts to their partners as a sign of love and appreciation. Particularly, most men pamper their women with gifts as they are beings who are relationship oriented. In most cases, women are given chocolates as presents as it enhances the feeling of being cared, pampered, and loved. Many people believe that there are creative ways of using chocolates in Christmas time besides eating them. For instance, Clayton (2009) believes that it can creatively used in bedroom for sensual treat and a key ingredient of feeling good. Thornton can utilize this to promote their products during Christmas season as a perfect way of showing appreciation to the loved ones and creating a relaxing moment. To promote products, the marketing strategy plan will present a SWOT matrix, identify the marketing objectives along with target group, product/brand positioning, and product offering. Eventually, the compa ny will present the budget implementation and control of marketing planning. This will create a platform to understand the key strategies of being competent during Christmas seasons. In doing this, we will highlight the major competitors of the company to highlight the possible strengths, opportunities, threats and weaknesses of the

Questions 3 and 4 Coursework Example | Topics and Well Written Essays - 500 words

Questions 3 and 4 - Coursework Example One partner suggests that the business should be moved to a vacant office in downtown Boston. She argues that the additional business gained will exceed the charges for rent and moving the office. The other partner at Progressive Business Solutions does not want to buy that idea. He argues that cost of office stationery and business cards is covered and that moving will prove to be costly. In the case of the partnership business, a lot of factors can be considered. The factors can originate from the evaluation of the costs and benefits. Every business entity will always want to make the most possible benefits .Reduction of costs is another target of the business. In this case, a partner’s decision is considered as optimal if it leads to the best outcome at a particular time. The outcome will make the participants in the business to gauge whether it is optimum or not. The partner needs to estimate how altering the business can affect both the benefits and the costs that the business incurs from carrying out that particular activity. If altering the activity makes the benefits to increase more than the costs, or the costs reduce more than the benefits, the partnership will grow. A security analyst specializing in the stocks of the motion picture industry wants to determine the relationship between the number of Movie Theater tickets sold in December and the annual level of earnings in the motion picture industry. Time-series data for the last 15 years are used to estimate the regression model. E = a + bN where E is total earnings of the motion picture industry measured in dollars per year and N is the number of tickets sold in December. The regression output is as follows: How well do movie ticket sales in December explain the level of earnings for the entire year? Present statistical evidence to support your answer. Also, sales of movie tickets in December are expected to be approximately 950,000. According to

Thursday, July 25, 2019

Effects of Cocaine Abuse, its Prevention and Treatment Research Paper

Effects of Cocaine Abuse, its Prevention and Treatment - Research Paper Example A recent survey of 17 countries revealed that United States has the highest level of illegal cocaine use with nearly 16.2% of people in the United States having used cocaine in their lifetime (Science Daily, 2008). Cocaine is available in two chemical forms – hydrochloride salt which is taken intravenously (by vein) or intra-nasally (through the nose) and freebase which is smoked (Psychology Today, 2008). Issues Related to Cocaine Abuse Cocaine addicts are usually introduced to the drug after they have abused ‘gateway substances’ like alcohol, tobacco and marijuana. According to the national center on addiction and substance abuse (1994), 90 % of the people who tried cocaine had used all three gateway substances before moving on to cocaine. Impact on physical functioning Cocaine use can lead to some immediate physical consequences such as restlessness, euphoria and alertness (WebMD, 2008). These effects are felt within minutes of taking the drug and continue for a bout 20 to 120 minutes. Other physical effects include insomnia, vomiting, pupil dilation, nosebleeds, increased temperature and pulse rate and rapid breathing (WebMD, 2008). These effects are temporary and mostly disappear after a couple of hours. Studies reveal that prolonged use of cocaine can have an overwhelming effect on the ‘pleasure centers’ in the brain (Chen, et. al., 1996). The drug interferes, alters, damages and takes control of specialized cells that regulate pleasure, well-being and mood. Therefore, regular use can destroy the brain’s ability to feel normal without cocaine. Long term use can even cause permanent biological drug addiction. Since cocaine increases blood pleasure, heart rate, breathing and body temperature, long term use of the drug can cause cardiac and respiratory failures, strokes, coma, convulsions and death. The drug can damage the liver’s ability to detoxify blood and can reduce the production of critical enzymes needed for normal body functioning (WebMD, 2008). It can also cause liver cirrhosis or liver cancer. Cocaine use results in the constriction of the blood vessels of the heart resulting in increased blood pressure. This can trigger heart attack, heart failure, irregular heart beat and sudden death. Use of non-sterile needles among cocaine users can result in contracting Hepatitis – a highly contagious disease resulting in serious liver damage and AIDS. Users may also pass these diseases to their sexual partners, unborn babies and others. Regular users of cocaine experience loss of interest in sex, decreased sexual performance and risk of impotence and infertility (WebMD, 2008) . In women, the drug use can result in miscarriages, developmental disorders and complications during birth. It can also cause premature separation of placenta from uterus leading to premature births or stillbirths. Smoking cocaine damages the ability of the cells in the lung to process gases. This results in the user experiencing constant cough and shortness of breath. Regular use can result in respiratory failure because the brain stops sending signals to the lung muscles that control breathing and they stop working (WebMD, 2008). Impact on psychological functioning Cocaine has been found to be

Wednesday, July 24, 2019

Personal Development Planning Assignment Example | Topics and Well Written Essays - 1250 words

Personal Development Planning - Assignment Example According to the report findings the most important part of a student’s personal development planning is the communication skills. Communication skills according to Smith, is not only about talking to fellow students and tutors but listening to them as well. Listening is a very powerful tool for a student as it is through listening that they learn the art of patience as well as end up learning more than they already know. A student has to for example, listen to the professor in class, if they are to learn the concepts of the course. Communication is a two-way process, which is listening and talking.As the discussion highlights communication skills also incorporate non-verbal form of communication. When one is communicating with classmates or others that will aid in developing their future goals or in capitalizing their strengths, they can rely heavily on their non-verbal communication to know whether they are on the right track or not. In communicating goals to mentors for exa mple, they may praise the goals verbally but their facial expressions are different and indicate otherwise. This way one learns that they need to make changes. This constant relying on both the verbal and non-verbal form of communication is what eventually leads to a student having strong reflection as well as address their weak areas as a way to have stringer future with more developed and realistic goals that can be easily attainable.  

Tuesday, July 23, 2019

Employee relations Essay Example | Topics and Well Written Essays - 1500 words

Employee relations - Essay Example All these activities could be broadly put into three major categories such as collective bargaining or negotiations mainly wage negotiations, industrial action and legal actions. Unions as representative of workers organizations bargain with employers or various such issues such as wages, allowances, bonus, hours of work, reinstatement etc. The unions have secure bargaining power by statute and bargaining is done with the presence of the third party. Trade unions and its impact: It has been quite a longtime the discussion is going on that trade unions affect productivity of workforce individually or collectively in positive or negative way. Dipp, Lupton and Aslop (2000, 2002) indicate a fall in the extent, which employers regard unions as damaging to industrial relations. Impact of trade unions on productivity and the economic performance of organizations have long been debated. The UK firms are primarily using the latest equipment, automation and technology, resulting in high labor productivity and the ability to produce quality products to meet the requirements of EU and US markets. Differences in technology, automation, age of equipment, levels of employment, all affect labor productivity. Most of the EU producers have increased their productivity in recent years by increased automation, improving technology, and downsizing, instigating â€Å"cultural change† programmes, and bringing in productivity-linked incentive pa y schemes. British political climate hostile to the trade unions has considerably weakened trade unionism. The received wisdom is that unionization rates have fallen rapidly as unions have failed to become recognized in newly setup work places (Machins, 2000). Throughout the 1980’s a range of anti union legislative measures were introduced by conservative govt. and the seemed to have a particularly adverse effect on recognition in establishments’

Monday, July 22, 2019

Foundation Certification †My Short Notes Essay Example for Free

Foundation Certification – My Short Notes Essay A team or group of people and the tools they use to carry out one or more processes or activities. Functions provide units of organization responsible for specific outcomes. Functions are logically isolated from each other. Definition – Process A set of coordinated activities combining and implementing resources and capabilities in order to produce an outcome and provide value to customers or stakeholders. Process has following attributes. Trigger, Activity, Dependency Sequence Process should be measurable Process should produce specific output Process should meet customer expectation Definition – Process Owner The person/role responsible for ensuring that the process is fit for the desired purpose and is accountable for the outputs of that process. Definition – Service Owner The person/role accountable for the delivery of a specific IT Service. They are responsible for continual improvement and management of change affecting services under their care. The service owner is a primary stakeholder in all of the underlying IT processes that enable or support the service they own. Definition – Service A means of delivering value to customers by facilitating outcomes customers want to achieve without the ownership of specific costs or risks. Definition – RACI Model R – Responsibility (at least 1R per activity who is doing the actual work) A – Accountability (1 A per activity) C – Consult I – Inform Service Strategy The purpose is to define the perspective, position, plans, and patterns that a service provider needs to be able to execute to meet an organization’s business outcomes * Perspective – Defines the organization’s view of itself, generally communicated through the organization’s vision and direction. * Positions – Defines the distinctiveness of the organization in comparison to its competitive market and as identified through the minds of its customers. * Plans – The predefined details for supporting and enhancing the organization’s perspective and positions, usually identifying a potential future state for the organization and a strategic response to the state and level of investment required. * Patterns – Defines the conditions and actions that must be consistently in place and repeatable to achieve the objectives of the organization; patterns allow the organization to predict the future. Service strategy defines the role of serv ices and service provider in achieving the business objectives of the organization through management of IT. Value to Customer To enable a service provider to create value for a customer, a systematic approach has to be adopted. For ITIL, this approach is determining service utility and service warranty. Service Warranty (Fit for use) + Service Utility (Fit for propose) = Service Value Service utility and service warranty are present for every service provided to a customer. One cannot exist without the other. By describing both Service Utility and Service Warranty, it enables the provider to clearly establish the value of the service, differentiate themselves from the competition, and, when necessary, attach a meaningful price tag that has relevance to the customer and associated market space. Service Package = Enabling Services + Core Services + Enhancing Services Definition – Service Asset A Service Asset is any resource or capability used in the provision of services Definition – Business Case The business case is a detailed analysis of the benefits and impact of the business action in meeting the business objective and disrupting the delivery of other IT services. Attributes Introduction, Methods Assumptions, Business Impact, Risk Service Strategy Processes Demand Management Strategy Management for IT Services are out of scope for ITIL Foundation exam. 1. Financial Management * Responsible for securing the necessary fund to provide the service to the customer. * Maintain balance between cost of service and quality of the service * Maintain balance between supply and demand * Activities * Budgeting * IT Accounting * Chargeback * Service Valuation * Outputs * Service Valuation * Service Investment Analysis * Compliance (Align with rules regulations) * Cost optimization * Support for BIA 2. Service Portfolio Management * Track services throughout whole service lifecycle * Link services to their business objectives/value * Ensure all other management processes are working to get expected business outcomes * Includes Service Pipeline, Service Catalog Retired Service Catalog * Content : Description, Requirements/Business Cases, Value, Options, Price, Risk, Priority Investment Categories and Budget Allocations Phases/Activities of service portfolio management 3. Business Relationship Management * Maintain relationship between customer and service provider and understand customer needs * Ensure high level of customer satisfaction * Understand service packages and service level packages Service Design Benefits of Service Design * Reduction in total cost of ownership (TCO) * Improved quality of service * Improved consistency of service * Easier implementation of new or changed services * Improved service alignment * Improved service performance * Improved IT governance * Improved effectiveness of service management and IT processes * Improved information and decision-making * Improved alignment with customer values and strategies The Four Perspectives (Attributes) of ITSM * Partners/Suppliers * People * Product/Technology * Processes Major Aspects of Service Design * Service solutions for new or changed services * The management information systems and tools, especially the service portfolio * The technology architectures and management architectures * The processes required * The measurement methods and metrics Service Design Package (SDP) The contents of the service design package comprise four major sections with several smaller, but equally important, sub-sections. The four major sections are: †¢ Requirements †¢ Service Design †¢ Organizational readiness assessment †¢ Service Lifecycle Plan Service Design Processes 1. Design Coordination * Single point of coordination and control for all activities processes in Service Design stage * Individual organizations decide whether they need Design Coordination process or not. Only major changes will require this process * Activities 2. Service Level Management * Focus on Service Warranty (performance, availability, and security) * The establishment, monitoring, and improvements in service levels and their achievement * Communication to Customers Business managers on Service Levels. Will not conflict with Business Relationship Management process since this will only focus on Service Warranty * Manage, Negotiate Document SLR SLA * Develop Review OLA * Review UC for ensure they are align with SLA * Influence improvement within SIP * Monitor service performance against SLA * Three types of SLA structures. Service Based, Customer Based Multi Level/Hierarchical (Corporate, Customer Service based agreements) 3. Supplier Management * UC (Underpinning Contracts) SCMIS (Suppliers Contracts Management Information System) * Activities * Definition of new supplier and contract requirements * Evaluation of new suppliers and contracts * Supplier and contract categorization and maintenance of the * SCMIS * Establishment of new suppliers and contracts * Supplier, contract, and performance management * Contract renewal or termination * Supplier Categorization * Supplier Management process activities are span across all states except Service Strategy 4. Service Catalog Management * Include live service are services available for deployment (Customer-facing service and supportive services) * Service Catalog is a large part of the Service Portfolio. However, while the portfolio is focused on tracking the business requirements and the investments on a service, the Service Catalog is focused on the service solution and its delivery to the business * Service Catalog includes Business Service Catalog Technical Service Catalog * Top – Down approach is used when defining service catalog. (Business - Technical) 5. Capacity Management * Maintain balance between Resources/Capabilities Vs Demand * Business Capacity Management Service Capacity Management * Sub-Process of capacity management * Business * Service * Components * Activities * Performance Monitoring * Demand Management – Short term reactive activity * Application Sizing – New or Changed service * Modeling – Predict future behaviors * Tuning * Capacity Planning * Capacity Management Information System 6. Availability Management * Ensure that the level of availability delivered to all IT services matches the agreed need for availability or defined service level targets * Includes Reactive Activities (Monitoring, Incidents) Proactive Activities (Planning, Design) * Measurements * Mean Time Between Failures (MTBF) or Uptime * Mean Time to Restore Service (MTRS) or Downtime * Mean Time Between System Incidents (MTBSI) 7. IT Service Continuity Management * Known as disaster recover planning * Produce and maintain IT Service Continuity plan to support Business Continuity Plan * Business Impact Analysis (Quantify the loss) Risk Assessment (Identify possible failure points) are considered when implementing strategy * Ongoing activities to make people aware about the recovery plan. Trainings, Reviews 8. Information Security Management * Information security is a critical part of the warranty of a service * Ensuring that the agreed business needs regarding the confidentiality, integrity, and availability of the organization’s assets information, data, and IT services are matched * Develop and maintain information security policy align with business security requirements * Security test schedules and plans. * Information Security Management Perspectives * Organizational * Procedural * Physical * Technical * Framework for Managing Information Security * Plan * Implement * Control * Evaluate * Maintain Service Transition Service Transition Processes 1. Transition Planning and Support * Ensure proper attention is given to the overall planning for service transitions and to coordinate the resources required to implement the new or changed service * Provide clear and comprehensive plans that enable customer and business change projects to align their activities with the service transition plans * The scope of transition planning and support concentrates on the resources, schedules, and budgets required to move the IT service * To standardize methods and procedures used for efficient and prompt handling of all changes * A transition strategy will be constructed to define how all transitions will be managed within the organization based on the type and size of transitions expected in the environment 2. Knowledge Management * Maintain a Service Knowledge Management System (SKMS) that provides controlled access to knowledge, information, and data that is appropriate for each audience * DIKW Data-Information-Knowledge-Wisdom structure * Database to capture Data, Information and Knowledge but not Wisdom * Components of SKMS 3. Service Asset and Configuration Management * Ensure that assets under the control of the IT organization are identified, controlled, and properly cared for throughout their lifecycle * Identify, control, record, report, audit, and verify services and other configuration items (CIs), including versions, baselines, constituent components, their attributes, and relationships * Manage complete life cycle of CI * Activities * Planning – Strategy, Policy, Objectives, CMDB Design * Identification – What CI to be recorded their relationships * Control * Status Accounting * Verification Audit 4. Change Management * Ensure that all changes to configuration items are recorded in the configuration management system * Optimize overall business risk. It is often correct to minimize business risk, but sometimes it is appropriate to knowingly accept a risk because of the potential benefit. * Types of changes * Normal Changes – Need to go through all steps of change management process * Standard Changes – Pre approved changes. Should be possible via service request. No need of RFC * Emergency Change * Steps * The RFC is logged. * An initial review is performed (to filter RFCs). * The RFCs are assessed and may require involvement of CAB or ECAB. * Authorization of change builds and test by the Change Manager * Coordination of the build and test, e.g., work orders are issued for the * Build of the change (carried out by other groups) * Change Management authorizes deployment. * Change Management coordinates the deployment (with multiple checkpoints). * The change is reviewed (Post Implementation Review). * The change is closed. 5. Release and Deployment Management * Planning, scheduling, and controlling practices applied to the build, test, and deployment of releases * Define and agree Release and Deployment Management plans with customers and stakeholders * Four phases of release deployment management * Release Deployment Planning * Release Build Test * Deployment * Review Close Service Operation Responsible for the ongoing management of the technology that is used to deliver and support the services. Service Operation accepts the new, modified, retiring, or retired services from Service Transition, once the test and acceptance criteria have been met. Functions Unique to Service Operations is the introduction of functions. While a defined function does have responsibilities in all stages of the Service Lifecycle, the majority of activities they performed are completed within the scope of Service operations. 1. Service Desk * Single point of contact between the services being provided and the users. A typical Service Desk will manage incidents and service requests as well as communication with the users. Thus, the Service Desk staff will execute the Incident Management and Request Fulfillment processes with the intent to restore normal-state service operation to users as quickly as possible * Minimize service outage day to day basis * Make sure that agreed services only provide to those who authorized * Structures * Local * Central * Virtual * Follow the Sun * Activities * Logging all request, prioritization, categorization and first level of investigation * Keep user informed about incident outage * Customer satisfaction survey 2. Technical Management * Custodian of technical knowledge and expertise related to managing the IT Infrastructure. It provides detailed technical skills and resources needed to support the ongoing operation of the IT Infrastructure. * Plays an important role in providing the actual resources to support the IT Service Management lifecycle. It ensures that resources are effectively trained and deployed to design, build, and transition, operate, and improve the technology to deliver and support IT Services. 3. IT Operations Management * Ongoing management and maintenance of an organization’s IT infrastructure. IT operations is the set of activities used in the day-to-day running of the IT infrastructure to deliver IT services at agreed levels to meet stated business objectives.IT Operation Control * IT Operation Control * Job Scheduling, Backup, Restore and Monitoring * Facilities Management * Data Centers, Recovery Sites, Computer Rooms 4. Application Management * Application Management covers the entire ongoing lifecycle of an application, including requirements, design, build, deploy, operate, and optimize. Service Operation Processes 1. Event Management * Detecting Event, Understanding Event, Determining Appropriate Control Action * Three Types of events * Informational * Warning * Exception * Populate SKMS with event information and history 2. Incident Management * An unplanned interruption to an IT service or reduction in the quality of an IT service, or a failure of a CI that has not yet impacted an IT service * The purpose of Incident Management is not to prevent an incident, but to reduce its impact by restoring normal service operation as quickly as possible * Ensure that standardized methods and procedures are used for efficient and prompt response, analysis, documentation, ongoing management, and reporting of incidents * Incident Models Steps and procedures that should be used to manage previously seen and documented incidents * Steps * Order of Steps * Responsibilities – Who should do what * Time scale/Threshold * Escalation Procedures * Any necessary evidence/prevention actions * Activities * Identification * Logging – All incidents regardless of source of that incident * Categorization * Prioritization * Impact + Urgency = Priority * Initial Diagnosis * Escalation * Functional * Hierarchical * Investigation and Diagnosis * Resolution * Closure 3. Problem Management * Concentrate on diagnosing the root cause of incidents and on determining the resolution to those problems. * Defines a problem as the underlying cause of one or more incidents 4. Request Fulfillment * Form of changes that are small in nature, low risk, and low cost in its execution, and are frequently performed * Activities * Menu Selection * Financial Approval Optional * Other Approval Optional * Fulfillment * Closure 5. Access Management * Effectively execute the policies in Information Security Management, enabling the organization to manage the confidentiality, availability, and integrity of the organization’s data and intellectual property. Continual Service Improvements * CSI is always seeking ways to improve service effectiveness, process effectiveness, and cost effectiveness * Review, analyze, prioritize, and make recommendations on improvement opportunities in each lifecycle stage * Periodically conducting internal audits verifying employee and process compliance * Periodically conducting customer satisfaction surveys * Continual Service Improvement Approach * CSI Register * Part of SKMS. And keep track of all improvements opportunities. * Anyone should be able to access and submit improvement points to CSI Register * IT Governance has three main areas * Enterprise, Corporate, IT Governance * Types of Metrics * Technology – Performance, Availability * Process – KPI, * Service * Tension Metrics : Resources, Features, Time Schedule The Deming Cycle * Plan: Design or revise business process components to improve results * Do: Implement the plan and measure its performance * Check: Assess the measurements and report the results to decision makers * Act: Decide on changes needed to improve the process Seven Steps Improvement Process 1. Identify Strategy for Improvements 2. Define What You Will Measure 3. Gather Data 4. Process Data 5. Analyze the information data 6. Present and use the information 7. Implement Improvement

Objectivity Of The Social Researcher

Objectivity Of The Social Researcher Before addressing the debate, the historical significance of social theory must be addressed as there is a long history regarding issues of objectivity, and value free research. Prior to World War Two, social research was dominated by the paradigm of positivism. Philosophers such as Comte (1798-1857) strongly affirmed that methods applied to the natural sciences such as physics should be applied to the study of social behaviour (Benton Craib, 2001). The positivist perspective placed great emphasis on the objectivity of social research, accepting Science as the only general form of knowledge that produces reliable social scientific knowledge that can be generated into theory applicable to social behaviour within society (Benton Craib, 2001: 23). Moreover, like the natural sciences it requires both logical and empirical support. Causal relationships can be identified and truths can be falsified thus, positivist sociology assumes that law-like generalisations can be derived from socia l research Pedraza (2002: 75). Postivism was widely accepted throughout the nineteenth centuary as science was assumed to be the highest form of knowledge, thus by applying the methodologies of the natural science to the newborn social sciences allowed for some level of acceptance. As far as objectivity is concerned, positivist methodological approaches claim that objectivity is an ideal that is attainable, as the social realtiy of society can be observed it without any antecedents. As a result, the aim of the social scientist is to be exogenously detached from the research subject. Turning to Weber (WEBERREF) changed the direction of social research claiming that although social research should be value free, obtaining completely objective research was impossible. This is simply because researchers are subjective humans. Weber coined the term value free sociology and urged that sociologists need to be unconfined by personal values if it was to make a positive contribution towards society. Weber recognised that personal values would to some extent influence research topics but encouraged objectivity in exploring a topic once chosen. For Weber, value freedom is then a non-judgemental analysis of society in its own terms. Although Weber advocated this approach to social research, it must be acknowledged that values can enter research in a variety of ways ranging from the choice of research area, formulation of the research question; methodology including data collection, analysis of data; interpretation of data and overall conclusions (Bryman, 2008). Following from Weber the epistemological position of positivism has been overtly critiqued by various theorists, particularly those who take an ontological, interpretivist stance. For example, Becker (1964: 245) argues that, there is no position from which sociological research can be done that is not biased in one way or another. Therefore, social research cannot be completely objective as researchers can unknowingly contaminate their exploration of an issue with values developed throughout their own biography. Furthermore, Becker (1964) claims that, sociologists must either write from the position of a superordinate or from that of a subordinate (Lawson, 1991: 591). In addressing this claim, Becker (1964) discusses the credibility of hierarchy which explores the notion that social groups whom are perceived to be superior within a given society are in a position of power that can define the rules of society. The exclusivity of the natural sciences within society is an example of thi s. Becker (1964: 242) goes on to surmise that sociologists challenge this rule by refusing to acknowledge the established status order in which it is surmised that the truth of knowledge is unequally distributed. Therein, Becker suggests that social research should focus on the underdog in order to reform knowledge distribution. This is similar to the view that has been taken up by feminists such has Hartstock (2004: 7) who place emphasis on relativist standpoint theories whereby knowledge is shaped by power relations, that it is socially situated. Therefore those oppressed can give the best account fo the internal workings of their group. Hartstock (2004) attains that prior to feminist sociology, research disciplines and public policy did not account for women as group with their own knowledge. For Hartsock (2004), any social research that does not address the unequal distribution of knowledge, is therefore, potentially skewed. Thus drawing upon the Marxist notion of historic materialism standpoint theorists such as Hartstock (2004) and Harding (DATE) chose to address this with the aim of exercising social research from the position or standpoint of women. It can be surmised from this perspective that it is therefore it is impossible for a social researcher to extract themselves from power relations in thei r own situation. Therefore the feminist approach strongly advocates that objectivity should not be the primary aim of a social investigation. Rather, it is important for researchers to adopt a stance and consider how their values will influence their research. In addition, it should be recognised that feminist researchers shape the results of their analyses no less than do those of sexist and androcentric researchers. The objectivist stance should be avoided as it attempts to make the researchers cultural beliefs and practices invisible, while simultaneously skewering the research objects, beliefs and practices to the display board (Harding, 1987:9). What are the arguments against this? GOULDNER Gouldner is in consensus with Becker that social research cannot be value free yet he openly criticises Beckers claiming that Becker does not address the reasons why sociologists are more inclined to take the side of the underdog. Furthermore Gouldner asserts that is not always the case, the manner which some sociologists conceive the value-free doctrine disposes them to ignore current human problems and to huddle together like old men seeking mutual warmth. This is not our job, they say, and if it were we would now know enough to do it. (Gouldner, 1973: 13) It is clear that subjectivity poses a severe limitation for the positivist objective approach to social research. For Gouldner, however, the positivist approach posed another extensive problem, it was useful to those young, or not so young, men who live off sociology rather than for it, and who think of sociology as a way of getting ahead in the world by providing them with neutral techniques that may be sold on the open market to any buyer (Gouldner, 1973: 12). In others word Gouldner saw self interest as a powerful motivator the outcome of research being affected by the context in what it is undertaken. Thus the social researcher is not necessarily on the side of the underdog. In laymen terms Lawson (1991) suggests that the crux of this debate is the question of whether sociologists are allied with the state, accepting the state as the overall authority or should they adapt a more ethical, moral role in addressing social problems of society. Ultimately social researchers are divided by this dilemma that as Gouldner suggests, depends on the social context of the researcher. What Gouldner recognises is that the attempt of sociologists to draw upon the natural sciences to obtain an objective approach does not entirely fit with social studies and that the institutions in which professional sociologists consult such as government, academia and business can have a profound effect on a researchers values. Parsonian sociologists such as Haak (1994) and Hammersely (2000) are critical on views promoted by Becker and Gouldner arguing that that the politicisation of social research is not only misguided, but inherently dangerous, and that an intelligent and sceptical commitment to the principles of objectivity and value neutrality must remain an essential feature of social research (back cover). Hamersley (2000) promotes the idea of value-free, objective social research placing emphasis on academia as the key institution to producing knowledge. Yet the University as a place for producing knowledge itself is under threat. This can be demonstrated by addressing the tragedy of the anticommons. ANTICOMMONS 300 In response to Hardings Tragedy of the Commons whereby a resource is exploited by overuse, (HellerRosenburg1998)) address the notion of the anticommons where upstream and downstream technologies are compatible for the development of a new product yet the technology is patentable and ownership is fragmented thus the price of the new product becomes high and its consumption ends up being small or there is a gridlock in the development of the products EXAMPLE OF ANTICOMMONS This is not objective research if the notion is to make profit 250 This situation can be directly perceived by examining changes within university systems. For example, in Japan, national universities that conduct public research have transitioned to University Corporations by which there is an emphasis in profiteering from any innovations it may develop (Nishijima, 2004). According to Nishijima (2004) the Japanese ministry of education has advocated universities to acquire patents of innovations and to partake in research activities with private organisations such as corporations. through establishing Technology License Office for the past few years. The transition of National University to University Corporation implies that results of basic research will suddenly change from public goods to private goods and that the anticommons problem will emerge in the product innovation where basic research and development of new products are complementary. In the case of National University, there seems no consensus (no argument so far) on how economists should formulate the objective function of national university.10 Even if we assume that national university behaves as if it maximized a particular objective function such as probability of research success subject to budget and other constraints, equilibrium variables of national university will not be far from those arbitrarily given, as long as the particular objective function is not convincing. Therefore we have no choice but to exogenously give particular values to variables Thus as Oliver (1992) ascribes, social research are sometimes forced to take sides as funding bodies are not willing to take risks and support user-controlled research. The point that Gouldner (1973) puts across is that sociology should focus on social change therefore it must take sides. Essentially, Marx emphasised the need for social research to contribute to social change, The Standpoint of the old materialism is civil society; the stand point of the new is human society, or social humanity. The philosophers have only interpreted the world, in various ways; the point is to change it. (Eastman, 1935) like Marx, Gouldner (1973) believed that sociology should count towards human emancipation thus Gouldner became a strong believer in public sociology. REFLEXIVITY 300 The notion of reflexivity. Researchers must give an indication of the purpose of their research and how they have come to partake in such research This illustrates some of the factors that can affect social research. Namely, the need for profit. PARSONIAN SOCIOLOGY ARGUES FOR EPISTIMOLICAL RESEARCH DISCUSS!! BURAWOY PUBLIC SOCIOLOGY DISTINCTION BETWEEN THOSE THAT ACT AND THOSE WHO DONT As Burawoy (2005: 324) asserts the possibility for public sociology comes from sociologys spontaneous connection to its reflexive relation with civil society. Burawoy clearly recognises that sociology in itself is a reflexive paradigm and suggests that it clearly needs to move from ideological theory to commitment to action. In a sense Burawoy (2005: 325) advocates that social research must take sides claiming like Marx and Gouldner that society should place human society or social humanity at its organising centre. 200 words Whilst this debate continues, a few conclusions can be drawn from this essay. Firstly, it is near impossible for social researchers to complete value free research. There are several factors that account for this. Namely as Gouldner asserts, the social context in which research is conducted. Secondly, It would seem that social research is clearly divided by professional and public sociology. Thus it is not a case of whether or not to take sides but more a case of which side our values empower us to choose. Those inclined towards professional sociology may attain that objectivity is not compromised whereas those inclined towards public sociology may recognise that it can be and even more so, that it is necessary to evoke humanitarian changes.

Sunday, July 21, 2019

Evaluating Agency Theorys Strengths and Weaknesses

Evaluating Agency Theorys Strengths and Weaknesses Agency theory refers to contract whereby principal engage with agent to perform some act on their behalf. The act involved giving power to agent for some decision making. Everyone work on the feet of benefit that can be gained for oneself. Thats why it is strongly agreeable that agent, as a utility maximizer will not act at the best interest of principal. Therefore, agents may cheat if they were not monitored by principal and principal, on the other hand, must bear agency cost to avoid suffering loss. These agency costs includes monitoring costs of agent, bonding costs whereby agent will try to show that they are not self-serving, and residual losses that are too costly to monitor. In general, agency cost is one of a type of internal cost incurred from, or must be paid to, an agent acting on behalf of a principal. Agency costs mainly originated from the separation of control, divergence of ownership and control and the different objectives (rather than shareholder maximization) of the managers. For example, difference of interest between shareholders and management. Shareholders hope that management could operate the company in a manner that increases shareholder value. But management may wish to run the company in ways that can maximize their personal authority  and well-being  that may not be in favor of the shareholders. From the paper, Jensen and Mecklings (1976), they used zero agency-cost firms whereby the manager is the firm sole shareholder as a reference point of comparison for all other cases of ownership and management structures. At one utmost of ownership and management structures are firms whose managers possess 100 percent of the firm. These firms, by their definition, have no agency costs. At the other utmost are firms whose managers are employees with no equity in the firm. In between are firms where the managers possess some, but not all, of their firms equity. They stated that agency costs are higher among firms that are not 100 percent owned by their managers and these costs increase as the equity share of the owner-manager declines. In other words, agency costs increases with a reduction in managerial ownership. In situation (where the managers own some, but not all, of their firms equity) whereby monitoring cost were included by equity holder to alter the opportunity the owner-manager has for possessing non-monetary benefits can decrease the owner-managers consumption of perquisites. Examples of monitoring cost include auditing and budget restrictions. However, owner-managers will still willingly enter into the contract as it will increase the firms value. The particular increase in the value of the firm that accrues will be reflected in the owners wealth, but his welfare will be increased by less than this because he forgoes some non-monetary benefits he previously enjoyed. In situation (where the managers own some, but not all, of their firms equity) whereby owner-manager expands resources to guarantee to equity holder that he would limit his activities, bonding cost incurred. Examples of bonding cost include contractual limitation on managers decision making power and auditing of financial account by public accountant. If the bonding costs were all under owner-managers control, he will gain the benefit as such of monitoring costs gives. In a nutshell, the manager finds it in his interest to incur these costs as long as the net increments in his wealth which they generate (by reducing the agency costs and therefore increasing the value of the firm) are more valuable than the perquisites given up. Although by incurring the monitoring and bonding cost increases the efficiency of firm, it does not maximize the firms value. This is because, the cost of separation of ownership and control occurred as a result of differences between efficient solution of zero monitoring and bonding cost and value of firm when there is positive monitoring cost. And Jensen and Mecklings (1976) showed that agency cost will be positive as long as monitoring costs are positive. Size and existence of agency cost depends greatly on the nature of monitoring costs, the needs of managers for non-monetary benefits and supply of potential managers who are able to finance the firm with personal wealth. Agency cost of debt indicates that there will be a rise in cost of debt when there is difference in the point of views of bondholders and management. There are a few fractions of agency costs of debts. The first one is the incentive effects related with debts. An owner-manager will intend to involve in investments with high risk and high profits with the financial structure of debt-typed claims because the loss will bear by debt-holder. For example where there are two investment options, A and B. The option B will help owner-manager to gain more equity, while the option A will give back more profit to bondholder. The choice of investment will only been done after the bonds are sold. Bondholders buy bonds from the company and suppose the company to invest in option A. However, due to the incentive effect, the manager did not invest as they expected but invest in option B which will help them gain more in equity. This will cause welfare loss to the bondholders. However, this decision c ould be realized by bondholders. If the bondholders knew the choice of the manager, they will only willing to buy the bonds at a lower price. Due to this action, the overall firm value may decrease. This reduction of firm value will be the residual loss which is also known as agency cost. This amount of agency cost is liable to owner-manager. Monitoring and bonding costs are another fraction of agency costs. In order to preserve the benefits of their own, bondholder will restrict the managements decisions. They will set contracts in details to monitor the owner-managers behavior. The contracts may influence the capacity of the management to make the best decision and decrease the profit of the firm. The decrease of the profit, the cost of enforcing the contracts and all the other costs related with the contracts are the monitoring costs. As the monitoring costs are borne by owner-manager, he will hope to minimize the monitoring cost, and therefore he will incur bonding costs. The bonding costs are incurred to give assurance to the bondholder that he will not turn aside from his promised behavior. He will only voluntarily bond himself in contract when such deed benefits him. Bankruptcy and reorganization costs are also one of the components of the agency costs of debts. Bankruptcy occurs when the firm unable to pay debt obligation. The cost of bankruptcy is always the interest of the potential buyers of fixed claims. This is because this cost will decrease their payoffs if the bankruptcy happens. If the probability of the bankruptcy cost is high, the willingness of the price buyer to pay for fixed claims will be low. The value lost because of the cost of bankruptcy will be the agency costs. The probability of bankruptcy will negatively affect the operating costs and the incomes of the firm. A firm may need to pay higher salaries in order to keep engaged the employees in the firm when the probability of the firm gone high. Besides, the firms that provide after sales services will also face decrease of sales volume. There are some factors that encourage the firms to use corporate debts although the factors discussed above will discourage them. Tax subsidy on interest payments is one of the factors. There are some theories verified that the use of risky debt will increase the value of the firm because of the tax subsidy on the interest payments. The firm will enjoy the benefits if in the end the benefit of tax subsidy covered the agency costs that incurred from debt. Furthermore, the firm will also be motivated to use corporate debt when there is a profitable investment while the firm has insufficient fund to invest. The firm will incur them provided that the profits generated from investment are greater than the marginal agency costs of debts. There is some critical variables to be concerned besides the amount of debt and equity for a given size firm, such as inside equity (Si) held by the manager, ouside equity (So) and debt (B) held by anyone ouside of the firm. Therefore, the term of ownership structure is applied rather than capital structure. Besides that, we have to identify that the cost to be inccured is related to the use of debt or outside equity in a firm. A firm which is facing capital limitation can finance the full capital value of its present and future projects if there are other individuals in the economy who have large enough amount of personal capital to finance the firm. Besides that, a firm can prevent property lossess related to the agency costs due to the sale of debt or outside equity. If not, the firm needs to acquire the excess capital in the debt market with the absence of such individuals. As a result, the owner-manager is the individual who bears the agency costs since the project is unprofitable enough to cover existing costs included agency costs. So, it is important for owner-manager who bears these costs to reduce the agency costs in order to increase his property. If the capital markets, such as the value of assets where the debt and outside equity is eficient enough to indicate the agency costs estimation with unbiased, these agency costs will bear by the selling owner-manager. So, the task of owner-manager who will take the risk to bear the cost of agency is to determine the perfect ratio of ouside equity to debt, So/B. Therefore, from the owner-managers point of view, the optimal ratio of outside funds to be acquire from equity to debt for a given level of internal equity is that E which results in minimum total agency costs, E*= So* /(B â‚ ¬Ã‚ «Ã¢â€š ¬Ã‚  So ) The total market value of the equity is S = Si+So, The total market value of the firm is V = S+B. 0 E*= (So/ B + So) At(E= ASo(E) + AB(E) AB(E) ASo(E) At(E*) Figure 1 We assume that the size of the firm is remain constant and the actual value of the firm V, will rely on the agency costs incurred. Figure 1 indicate the agency costs is divided into two separate components, ASo(E) represents the total agency costs of outside equity holders by the owner-manager and AB(E) represents the total agency costs of debt incurred in the ownership structure. A Ã‚ ´(E) = ASo(E) + AB(E) is the total agency cost. The optimal proportion of outside financing shown as E* where total agency costs is minimum, AT(E*). When E ºÃ¢â€š ¬Ã‚  So/(B+So) is zero, there is no outside equity, the managers intention to use the outside equity is zero. As E increases, his incentives to exploit the outside equity is increase and hence the agency costs ASo(E) increase. When the outside equity So = E = 0, there are a maximum of outside funds are acquire from debt. As the amount of debt decreases to zero, these costs, AB(E) decrease because his intention to rearrange wealth from the bondholders to himself falls. It is because the total amount of debt reduce, and therefore it is more easier to rearrange any amount given to the debtholders. Besides that, his reallocation shares which is accomplished is falling since So is rising and therefore inside equity, Si/(So+Si), his share of the total equity is falling. At(E* Ko) E*(Ko) At(E* K1) E*(K1) AB(E K0) ASo(E K0) AB(E K1) AS0(E K1) K1) High outside financing Low outside financing Figure 2. Agency cost functions and optimal ouside equity as a fraction of total outside financing, E*(K), for two different levels of outside financing. In order to identify the consequences of rising the amount of outside financing, and therefore decrease the amount of equity held by the manager,Si, the value of the firm, V* remain constant. The net consequence of the greater used of outside financing given the cost functions in figure 2 is to increase the total agency costs from A Ã‚ ´(E*;Ko) to A Ã‚ ´(E*;K1), and to increase the optimal portion of outside funds acquired from the sale of outside equity. Therefore, the larger the firm may incurred higher total agency costs due to the monitoring function is internally more difficult and expensive in a larger organization. At(K V*1) At(k V*o) At(E K V*) Total agency costs 0 Fraction of firm financed by outside claims KFig. 3. Total agency costs as a function of the fraction of the firm financed by outside claims for two firm sizes, V*1>V*o. Of course, there are certain risks when the owner-manager demanded for outside financing. If the owner-manager is alway relies on outside funding, he will have his entire treasure invested in the firm. Therefore, he would not optional to outside funding until he had invested 100 percent of his personal wealth in the firm. Since, the manager who invests all of his wealth in a firm, he will bear a welfare loss. However, he can prevent the agency costs when he increasing relies on outside funding by taking certain actions. If the returns from assets are not totally correlated with the project, an individual can decrease the riskiness of the returns on his part by dividing his treasure into different assets by diversifying. Of course, he will be contributed to become a minority stockholder in order to avoid this risk by suffer a wealth loss as he reduces his proportion ownership because prospective shareholders and bondholders will take into account the agency costs. The analysis of this paper is only related with a single investment-financing decision and has excluded the issues of incentives which influencing future financing-investment decisions. However, some changes have been made to conclude that the costs and benefits will be changed by the expectation of future sales of outside equity and debt which may benefit to the manager himself. If he brings out a high probability of chance for dealing business, he probably can gain a big amount of future capital from outside sources and it will help to increase the business benefit and reduce the size of the agency costs. But, finite life of individual cannot eliminate the agency cost because it needs to consider more on his successors who think of own benefit and interest. Normally, they assumed that all outside equity are no right to vote. The manager will suffer the decreasing of his partial ownership in the long-run welfare and limit his action to control over the corporation and even fire the manager if they have right to vote. Besides, if the costs of decreasing the dispersion of ownership are lesser than the benefits to be acquired from decreasing the agency costs, it will pay some individual to purchase the shares in the market to decrease the dispersion of ownership. Moreover, they proposed an alternative way for the owner-manager who carried both equity and debt outstanding to get rid of the agency costs of debt. It will be no incentive if he is bound contractually to have a portion of the total debt equal to his partial ownership of the total equity. If the manager is getting balance between the debt and equity holders, the net effect will be zero. But, the limitation is they have not conduct to the large corporation and just perform in the small company which cause them couldnt have a clear picture on formal contract of reducing agency cost. Theory of Monitoring is a major part of the analysis which they expected monitoring activities help to develop particular characteristics to those institutions and individuals will be given a lot of advantages through these activities. The analysis demonstrates that the degree of security analysis activities will lower the agency costs related with the division of ownership and control, and they are socially productive absolutely. Furthermore, they supported that there are a lot of advantages of the security analysis activity to be played in the bigger capital value of the ownership claims to firms which is not in the day to day portfolio returns if this analysis is correct. If the firm can make the private returns to analysis same with the private costs of such activity, the security analysis will be balanced. However, the analysis will not reveal the social product of this activity which will include high level output and capital value of ownership claims. Therefore, the argument s uggests that, it will be overwhelming when the shareholders pay straightforwardly to have the perfect monitoring conducted if there is imperfect of security analysis being conducted. The problems discovered in the study included Pareto inefficient which is the obtainable set of financial claims on outcomes in a market fails to extent the fundamental step. An inadequacy conclusion is generally come out without clear attention to the costs of discovering latest claims or costs of maintaining the expanded set of markets which refer to the welfare improvement. But, the problem is the difficulty of formulation a positive analysis of the maximum level of individual behaviors in the economy that may influence them to generate and sell contingent claims. So, self-interested maximizing behavior of individuals becomes the first step in the way of implementing a study of the supply of markets issue. They suppose that planning the question of the perfect markets in terms of the combine both the demand and supply conditions will be very productive instead of implicitly assuming that latest claims from independent human effort.

Saturday, July 20, 2019

The Post-War Era Essay -- After WWII, 1945-1950

The Second World War concluded and the United States became the single most powerful nation in the western world. American history explains the participation of America in the international arena effectively, but when it comes to the domestic arena much is excluded. History has deprived new generations from being able to acknowledge the essential changes that took place within the United States during the Post-war era. The most common struggle during this time period was the return of American veterans to home ground. Millions of men returned to their hometowns and newly developed cities to settle down and create a family. However, these men were soldiers and pre-war students, but did not have a set place within the Post-war era society, therefore creating distress and struggle. Additionally, within the country’s boundaries over a hundred thousand Japanese-Americans were liberated from internment camps and prisons. These Japanese immigrants and descendants had been imprisoned for two years or more because of an anti-Japanese movement that took place during World War II. Generally, after the war the American society as a whole was in a shift to integrate itself to new demands, and this, as any other period of change is â€Å"interesting† (Goulden 6). In this time period of the post-war era we are able to see how identity for a new era is created. According to the Oxford American Dictionary, identity is the fact of who or what a person or something is. Thus, the identity of a person is relative to what a person finds himself able to do or be within the environment that surrounds him. Identity, which makes up a character of society, is the initial foundation to society as a whole. Since the individual is the principal foundation of so... ...that took place within the era, we would not have had a presidential election in which a women and an African-American battled for control of the American nation and its colossal power. Plainly, America rose like a phoenix from the ashes thanks to the post-war years. Works Cited Goulden, Joseph C. The Best Years 1945-1950. New York, NY: McCellan and Stewart Ld., 1976. Henthorn, Cynthia Lee. From Submarines to Suburbs: Selling a Better America, 1939- 1959. Ohio: Ohio University Press, 2006. Print. Hayden, Dolores. Redesigning the American Dream: The Future of Housing, Work, and Family life. New York, NY: W.W. Norton & Company, 1984. Kaplan, Fred. 1959. Hoboken, NJ: Wiley, 2009. Print. Okada, John. No-No Boy. New York: University of Washington, 1978. Yates, John. Revolutionary Road. New York, NY: Vintage Contemporaries, 1989.

Friday, July 19, 2019

Looking for the :: Biology Essays Research Papers

Looking for the "I" Function among the Visual Processes; Contemplating its Character and Possibilities Oliver Sacks wrote a case study about a sixty-seven year old painter who lost his color vision as a result of a car accident. His vision was such that everything appeared to him as a black and white TV screen. After numerous tests his doctors could find nothing wrong with his eyes and concluded that he had a rare cerebral dysfunction form of achromatopsia caused by visual cortex damage. Mr. I, as Oliver Sacks called him, retained an awareness of where color should be. His color perception was replaced with a sharp acuity for tones of grey to a degree not known to color-sighted people or congenital color-blind people. He felt uncomfortable because he saw only "awful and disgusting" shades of grey where the color should have been. As an artist, his response to the loss of a fundamental faculty was to shun social and sexual intercourse, because everyone, including himself, looked like "animated grey statues". Food became disgusting because a black tomato suggested death to him. His awar eness of where the color should be because of all the grey shades and tones was so distracting that he began to try to surround himself with black and white-white rice, black coffee, ... even redecorating parts of his house in black and white (1). Recent research into visual perception has revealed that color recognition requires a minimum of three sub-systems to be functioning: Physical receptors (the retina cones), wavelength-sensitive cells (apparently located in an area of the brain known as V1), and a higher order color generating mechanism (located in the V4 region). These three processes need to work in harmony to yield the perception of color (1). Tests revealed that for Mr. I, the higher order color generating mechanism in V4 was not working. His other two processes were operating perfectly. Because of his two normal vision processes, Mr. I was able to judge variations in grey by the comparative wavelength of the reflected light without being able to see the actual color. Mr. I could also see textures and patterns that are normally obscured to those of us because of their embedding in color. Oliver Sacks puts it this way: "His brain damage had made him privy to, indeed trapped him within, a strange in- between state-the uncanny world of V1-a world of anomalous and, so to speak, prechromatic sensation, which could not be categorized as either color or colorless" (1).

Savage Journey in Joseph Conrads Heart of Darkness Essays -- Heart Da

Heart of Darkness:   Savage Journey  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Inherent inside every human soul is a savage evil side that remains repressed by society. Often this evil side breaks out during times of isolation from our culture, and whenever one culture confronts another. History is loaded with examples of atrocities that have occurred when one culture comes into contact with another. Whenever fundamentally different cultures meet, there is often a fear of contamination and loss of self that leads us to discover more about our true selves, often causing perceived madness by those who have yet to discover their own self.   Joseph Conrad’s book, The Heart of Darkness is a story about Man’s journey into his self, the discoveries to be made there and about Man confronting his fears of insanity, death, and cultural contamination.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   During Marlow’s mission to find Kurtz, he is also trying to find himself. He, like Kurtz had good intentions upon entering the Congo. Conrad tries to show us that Marlow is what Kurtz had been, and Kurtz is what Marlow could become. Every human has a little of Marlow and Kurtz in them.   Marlow says about himself, "I was getting savage (Conrad)," meaning that he was becoming more like Kurtz. Along the trip into the wilderness, they discover their true selves through contact with â€Å"savage† natives.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As Marlow ventures further up the Congo, he feels like he is traveling back through time. He sees the unsettled wilderness and can feel the darkness of its solitude. Marlow comes across simpler cannibalistic cultures along the banks. The deeper into the jungle he goes, the more regressive the inhabitants seem.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Kurtz had lived in the Congo, and was separated from his own culture for qu... ...ure, a self-discovery happens. Both cultures realize that deep down inside, all humans are essentially the same. We all posses a good and an evil side, and no culture no matter how "advanced," is exempt from that fact. This discovery often causes madness as this evil side is allowed out. Only those who have completed the "journey into self" can understand the actions of people such as Kurtz. They are alone in this world of horror. Works Cited Conrad, James. Heart of Darkness and Other Tales. New York, Paperbacks ltd.   1996. 1.  Ã‚  Ã‚  Ã‚  Ã‚   Underline titles of novels. 2.  Ã‚  Ã‚  Ã‚  Ã‚   When writing quotes, the last quotation mark should come immediately after the last word of the quote, not after the parentheses. 3.  Ã‚  Ã‚  Ã‚  Ã‚   Great work on the works cited. 4.  Ã‚  Ã‚  Ã‚  Ã‚   The introduction should be limited to one paragraph.   5.  Ã‚  Ã‚  Ã‚  Ã‚   Overall, your paper is well-organized.

Thursday, July 18, 2019

NET framework and common language runtime Essay

The . NET framework is a component of Windows that enables the running of more advanced applications and XML Web services (DePetrillo, 2002). One of the main aim of coming up with this framework is to enable applications to have a consistent object-oriented programming methodology. It is also useful in that it eliminate software deployment and the execution of code safely without problems of scripting and interpreted environments. Microsoft. NET is also referred to as Windows DNA, it was a Microsoft’s previous platform used for developing all enterprise applications. It includes a variety of proven technologies which are in the production they include Microsoft Transaction Server (MTS) and COM+, Microsoft Message Queue (MSMQ), the Microsoft SQL Server database. Common Language Runtime provides the . NET framework applications an environment to execute. These language runtime includes common type system Just-in-time compiler, manages memory and gives compiler the security required. Design of . NET and Common Language Runtime (CLR) The design of . NE framework gives of room for interoperability. .NET frameworks have a way of allowing applications which were developed in the framework to still operate in environments outside of . NET environment. The ability to access COM components is made possible by . NET developers which are in the SRIS and the System Services namespace. With this platform, communication between old and new applications is increasing and is becoming a reality. The design of . NET and CLR also allows for security implementation for applications. .NET has two features for security for their mechanisms for security. These two features include validation and verification, and Code Access Security. The latter feature uses the association with specific assembly (DePetrillo, 2002). Normally, the assembly source acts as the evidence regardless of whether they are installed on the local machine or has been downloaded from the Internet. This mechanism uses evidence to determine permissions that are given to the code. With other code, they can demand that calling code be given a specific permission. This demand normally enables CLR to countercheck the permissions; called call stack walk. This is a situation whereby for every assembly of each method in the stack is scrutinized for the required permissions. An exception is thrown if an assembly does not have the right permissions. When an assembly is launched, the CLR performs very many tests. Two of the tests include validation and verification. The verification purpose is to check if the code will do anything which is not safe. Also, . NET framework uses appdomains to isolate code running in a process (DePetrillo, 2002). The appdomains help when there is a crash in a system. In case one application crushes in a system, the other applications within that system will not be affected. An example of security problem is the buffer overflows. This is taken care of with the use of . NET framework. The stability of . NET is assured because it brings with it the end of manual memory management. The . NET framework does memory management by itself thus freeing the user the burden of doing this. The memory that was allocated for instantiations of objects meant for . NET is done contiguously from memory heap. This heap is normally managed by CLR. The . NET also manages garbage collection. This is done by the garbage collector which is compacting and non-deterministic. Memory leakage is an example of stability issue that is solved with the use of . NET framework. The last design feature added to . NET and CLR is the addition of class libraries. These libraries help in maintenance of the applications because one does not have to create applications afresh. Someone seeking to add some more functionality to their applications or do some maintenance will just use the class libraries available at their disposal to achieve all these. The class libraries is a collection of thousands of interfaces, classes, structures and enumerations that are aimed at adding functionality of core system and application services in order to ease programming. There are various classes that someone can use to manipulate the file system. For example there are classes to manipulate XML files, classes to manipulate databases, and serialize objects. In addition to the availability of vast collection of libraries in . NET, the user also has the capability of creating their own classes which they can use in many applications (DePetrillo, 2002). Advantages and disadvantages of . NET Framework Microsoft. NET offers a variety of features such as the time-to-market which are not found in others like the J2EE. It gives a fairly complete solution from the single vendor-Microsoft which may lack some higher end features. With the Microsoft. NET there is one place to get similar information since there is no question of what is the shared context repository. There is an established passport which is an active system. Microsoft. NET gives one the language neutrality when coming up with their new eBusiness applications thus allowing one to view other languages as one application. The cons It does not support a true web services since it lacks the support for ebXML. Microsoft. NET does not give tactics for improving the performance thus not allowing the developers to introduce errors into their systems. It requires qualified developers who are well educated and can handle more hand-holding. It is difficult to maintain since the . NET supports Win32 only in which a large number of machines are required. Microsoft. NET web services are not interoperable with the present industry standards since their BizTalk framework has proprietary SOAP extensions which do not support ebXML. References DePetrillo, B. A. (2002). Think Microsoft. NET. Que.

Wednesday, July 17, 2019

What is the relationship between happiness and meaning?

The question of disembodied spirits meaning and the nature of macrocosms delectation is a philosophical question. The wish for meaning is a commercial enterprise of e actually individual. Hu hu globes drive and demand be controlled by passion and the final stage to achieve what they hope to conclude as success in order to be clever and contented in look. unmatchable can never be happy in the absence of either wizard of fulfilment and contentment from any results that may arise from that action. There atomic number 18 several(prenominal) kinds of great deal in this world if we essential define drifters, the meaningless or the empty, and the self-importanceless. Where and because in this category do we deduct disembodied spirit meaning and its impact to happiness?The ism of disembodied spirit lies on the finale of the meaning of aliveness. Man fully concedes to the take of happiness preset by his ingest rendering of success and self fulfilment distinguished by acceptance on the limitations and coverage of the meanings of life (Hudson 1996). Man creates and walks in the path of his own destiny rack with the belief and knowledge of what one should get through for along with the practical organization of emotions and enkindle to the dress hat point for self.The practical man may non be concerned in the concept of doing skillful for the ordination whose context and meaning of friendship are purely poppycock and commonplace. His interest may focus more on what mess can do for him. So any event in his life non in line with his principles creates dissatisfaction and unrest. Philosophy draw and quarters man stand firm on principles and value that goes beyond normal guessing of life and the world where sometimes choices are not justified by their consequences.This is a publication of individual self fulfillment make meanings more or less belief creating a philosophy that serve to preprogram and structure life visions and value s. The matters of philosophy, meaning, fulfillment and happiness always go mint in hand. mirth therefore is a matter of participation on something that has worth and value for the person that can in turn accept him his personal definition of sense of fulfillment. A lot of tidy sum are unhappy because they demanded too lots of themselves which made them unable to savor their feelings of pleasure n small accomplishments. delight is a degree of fit between a persons expectations and results towards its extended gladden or peace.We note wherefore that the sur count world of man comes from how one understand virtue and social implications of daily behavior. rejoicing does not revolve around material possessions, grievous health or good relationships because you may or may not have that and still feel unhappy. Happiness sometimes comes with a life alter with purpose and meaning knowing the spring of life and surrendering ones purpose in living speculate for ensample the l ife of M other(a) Teresa of Calcutta (Jacobs 1991). The pursuit of good life ultimately leads to happiness make life meanings a passion that drives one to realise selflessly for the well being and happiness of other people.Sometimes in life people need to spot that losing control and understanding the meaning of it could make a person happy. When one learns to repudiate and try not to shape events and people into what he wants these people to be then he may take heed himself happy. The best way to achieve happiness is to incumbrance its pursuit of the inevitable but work ones way around it. Lifes meaning is derived from self expressions and identity necessary to make life worth living. The meaning of life is depending on(p) on the circumstances of life and is the saloon of the nature of happiness of an individual.Meaning is then is the component of mans happiness. Losing lifes meaning makes a person feel like a murdered man walking in the face of the earth with no goal or direction. Most of the time, people who feel dresser in their hearts normally ends their life or commits crime hurting other people because they dont see the value of life.One may adore why rich people could truly well donate large sums of money like trillions of dollars to other people. Selfless self-aggrandising and knowing true happiness are derived from the meanings that they have set on their lives. pick out for example Brad Pitt who donated five million dollars to rebuild New Orleans. You might love how one could work so thorny to achieve riches and then give it away for the happiness of others. The meaning of selfless giving is the true wisdom of happiness. We say then that happiness is based on the philosophy of lifes meaning. It is very individualistic and sometimes hard to take but it is the true meaning of happiness.ReferencesHudson, D. W. (1996). Happiness and the limits of satisfaction. Lanham, Maryland Rowman& Littlefield Publisher Inc.Jacobs, W. J. (1991). Mo ther Teresa help the poor. Brookfield, Connecticut MillbrookPress.