Net present value vs Internal rate of return Essay

How do the results of the NPV technique relate to the goal of maximizing shareholder wealth? The NPV technique measures the present value of the future cash flows that a project will produce. A positive NPV means that the investment should increase the value of the firm and lead to maximizing shareholder wealth. A positive NPV project provides a return that is more than enough to compensate for the required return on the investment. Thus, using NPV as a guideline for capital investment decisions is consistent with the goal of creating wealth. In theory, why is NPV the most appropriate technique for making capital budgeting decisions? The NPV method is theoretically the most appropriate method for making capital budgeting decisions because it measure wealth creation, which is the assumed goal of financial management. NPV is an absolute measure of a project’s profitability and indicates the expected change in owners’ wealth from a capital investment. As an evaluation technique, NPV considers all expected future cash flows, the time value of money, and the risk of the future cash flows. Thus, NPV can help identify projects that maximize shareholder wealth. If a firm selects a project with an NPV of $75,000, what impact should this decision have on shareholder wealth? If the estimated cash flows and discount rate are accurate, this project should increase shareholder wealth by $75,000. If a project’s NPV is positive, what does this suggest about the required versus estimated return on the project? What does this suggest about accepting the project? A positive NPV suggests that the estimated return on the project is greater than the required return for the project. The NPV decision rule is to accept a project whose NPV is greater than zero because this investment should increase shareholder wealth. The IRR measures a project’s yield or expected rate of return. This return does not depend on anything except the cash flows of the project. Thus, the IRR provides a single number summarizing the merits of a project. Mathematically, the IRR is that rate of return (discount rate) that makes the present value of all expected future cash flows equal to zero. That is, the IRR is the discount rate that causes a project’s NPV to equal zero. Why may using the IRR method as a decision criterion not lead to maximizing shareholder wealth? What factors can lead to misleading results when comparing the IRR with the NPV? If projects are independent and are not subject to capital rationing, using the IRR method in evaluating projects indicates the ones that maximize shareholder wealth. However, using the IRR method as a decision criterion may sometimes lead to selecting projects that do not maximize wealth if the projects are mutually exclusive or capital rationing exists. When evaluating mutually exclusive projects, the IRR may indicate a different decision than the NPV because of the reinvestment rate assumption. The IRR implicitly assumes reinvestment of all intermediate cash inflows at the IRR, whereas the NPV implicitly assumes reinvestment of all intermediate cash inflows at the cost of capital. This reinvestment rate assumption may lead to different decisions in selecting among mutually exclusive projects when any of the following factors apply: (1) differences in timing of cash flows among the projects, (2) differences in scale, and (3) differences in the useful lives of the projects. What are the similarities and differences in decision rules when using NPV versus IRR? For independent projects with conventional cash flows and no capital rationing, the NPV and IRR generate the same accept-rejected decision. Thus, the decision rules are similar for investment projects. The decision rule for NPV is to accept the project if the NPV is positive and reject the project if the NPV is NPV is negative. The decision rule for IRR is to accept the project if the IRR equals or is greater than the required rate of return and reject the project if the IRR is less than the required rate of return. Technically, the firm should be indifferent between accepting and rejecting a project with an NPV equal to zero or an IRR equal to the cost of capital because such an investment would not change shareholder wealth. The cost of capital is the discount rate for the NPV and the hurdle rate for the IRR. The firm should accept the project because it has a positive NPV. However, the discounted payback method is inconsistent with shareholder wealth maximization because the method ignores some cash flows that contribute to the present value of investment. What are two reasons for the superiority of the NPV method in evaluating capital investment projects? The NPV method is the best approach in evaluating projects because it measures the amount by which a capital investment creates wealth. This is because the NPV is an absolute measure of a project’s worth. In addition, NPV has a more realistic reinvestment rate assumption than IRR. It implicitly assumes reinvestment of intermediate cash inflows at the required rate of return. Both reasons supporting the superiority of the NPV method assume that managers invest the cash flows from the investment for the benefit of shareholders. In summary, no other capital budgeting technique does a better job of measuring wealth creation than the NPV method. Which capital budgeting techniques are increasing in popularity? Which are decreasing in popularity? Survey results suggest an increased use of more sophisticated capital budgeting techniques. The use of discounted cash flow techniques, specifically NPV and IRR, has increased in popularity over time. Several reasons may explain increasing popularity of these methods such as the widespread use of personal computers with spreadsheet programs that reduce the knowledge and effort required to calculate discounted cash flow measures and increased familiarity of managers with these techniques. NPV has been the dominant method taught in business schools for many years and many financial managers hold business degrees, especially MBAs. The popularity of the IRR is mostly likely because it is a measure of yield and is easy to explain to people who do not have formal training in finance. Since financial managers often deal in yields, some may be slightly more comfortable dealing with the IRR than NPV. Methods declining in popularity include the use of the payback period, although still popular, and the accounting rate of return. The rationale for this decline in popularity likely results from several factors including their simplicity and failure to consider the time value of money. In addition, the accounting rate of return uses accounting income instead of the cash flows.

Christianity in the Philippines

The Philippines proudly boasts to be the only Christian nation in Asia. More than 86% of the population is Roman Catholic, 6% belong to various nationalized Christian cults, and another 2% belong to well over 100 Protestant denominations. In addition to the Christian majority, there is a vigorous 4% Muslim minority, concentrated on the southern islands of Mindanao, Sulu, and Palawan. Scattered in isolated mountainous regions, the remaining 2% follow non-Western, indigenous beliefs and practices. The Chinese minority, although statistically insignificant, has been culturally influential in influencing Filipino Catholicism with many of the beliefs and practices of Buddhism, Taoism, and Confucianism (Miller, Religion in the Philippines) Politically speaking, laws in the country give all Filipinos the right to choose their own religion based to what their faith believes accordingly. Filipinos choose Christianity as their religion. Why is it so? Christianity is the name given to that definite system of religious belief and practice which was taught by Jesus Christ in the country of Palestine, during the reign of the Roman Emperor, Tiberius, and was promulgated, after its Founder's death, for the acceptance of the whole world, by certain chosen men among His followers. At present, it is the largest religion not only in the Philippines but also in the world with approximately almost two billion people believing. It is difficult to trace the origin of such religion especially when we know that it has already given a great impact to many Filipinos all over the country. Many are devoted doing unbelievable things just to prove their faith. Even our politics is having such controversy with the Church at some points in our lives. The aim of this research paper is to find out how Christianity spread in the Philippines knowing how great its impact is to us. As you go further reading, you will know the effects it had brought and their results to the Filipino race.

Rigoberta Menchs Book Scholarship Essay Example | Topics and Well Written Essays - 1500 words

Rigoberta Menchs Book - Scholarship Essay Example I am 23 years old. I would like to give this testimony live that I have not learned from a book and neither have I learned alone yet that all this have I learned from my village. It cost me much to remember all the life that I have lived, so many times there are times very black and there are times that, yes, are enjoyable also but the most important is, I believe, that I want to emphasize that I am not the only one, so have lived many people and it is the life of all. The life of all the poor Guatemalans and I will try to give a bit of history. My personal situation includes all the reality of a village. In the first place, it still costs me much to speak Spanish since I didn't have university, I didn't have schooling. It has been three years since I learned Spanish and to speak it; it is difficult when it is learned only from memory and not learning in a book. In Guatemala there exist twenty-two indigenous ethnic groups. I belong to one of the ethnic groups that is the Quich ethnicity, I have my customs, indigenous Quich customs, but however I have lived very close to almost the major part of the other ethnicities during my organizing work with my village. I am from San Miguel/Uspantn, Quich Department. The Quich live in the northwest of the country. Precisely, my land is almost a paradise of all the beauty that is the nature in those places since there are not roads, there are not vehicles. Only people enter. VOCABULARY FOR COMPREHENSION Read the sentences and circle the synonym for the underlined word from the choices given. 1. The testimony given in court was very convincing. a. evidence b. report c. oral testification 2. No one knew that the village had been burned to the ground. a. city b. small town c. court 3. It was a black day when we had to have our dog euthanized. a. somber b. happy c. color 4. It was important that the judge know the girl's name. a. significant b. different c. okay 5. I can't emphasize enough the significance of those numbers. a. say b. underscore c. differentiate 6. The history of the world is captured in these two books. a. chatter b. background c. litany 7. The ethics of the situation call for drastic measures. a. moment b. times c. case 8. Her memory is excellent when it comes to facts. a. time b. recall c. note 9. These people exist on a diet that is barely 1,000 calories per day. a. subsist b. eat c. fluctuate 10. There are twenty-two indigenous ethnic groups in Guatemala. a. barbaric b. native c. vegetarian 11. Each ethnic group has unique characteristics which make it special. a. cultural b. people c. land 12. Examples of ethnicity include Lithuanian, Japanese, and Irish. a. pop stars b. a traditional cultural group c. variety 13. The customs of Guatemala are varied. a. traditions b. ways of doing things c. cans of soda pop 14. Rigoberta does organizing within

Works Ethics Focusing on Engineering Ethics Term Paper

Works Ethics Focusing on Engineering Ethics - Term Paper Example To enhance the effectiveness in engineering work the association has a code of ethics that every engineer must follow. First, a professional engineer must follow some fundamental canons in regard to completion of their expertise duties. They are required to perform services in areas within their competence. Safety, welfare, and health of the public should be held paramount. The statement offered by a professional engineer must be released in a truthful and objective manner. Engineers must be trustees or faithful agents for clients or employers. They should conduct themselves responsibly, ethically, honorably, and lawfully in order to enhance the reputation and honor of their professional importance. Secondly, professional engineers’ duties are guided by regulations of practice. Regarding their duties towards the society, they need to notify the appropriate authority in case of circumstances endangering property or life of people before they overrule any judgment. Engineers sha ll not disclose data and facts without the preceding consent of an authorized employer or client according to the law (Davis 34). The only documents engineering shall use will be those in conformity with the standards applicable. They shall not use and allow associates in business or their names to engage in dishonest or fraudulent enterprises. Following their performances in their areas of competency, they also need to act appropriately.  Engineers serving publicly as advisors, employees or members of a department shall not give directions with respect to solicited services either provided by themselves or business in public or private engineering practice.  

How Inflation Affected Ford Motor During the 2007-2009 Recession Essay

How Inflation Affected Ford Motor During the 2007-2009 Recession - Essay Example The damans of the machinery from FORD MOTOR decreases and hence the company cannot sustain a large number of workers. The table below shows how the recession affected the employment in FORD MOTOR and other companies in America. As a result of inflation and reduced purchasing power, the entire income raised by households is spent on necessities. As such, there is little disposable income to invest in shares. This is seen when the number of outstanding shares of the FORD MOTOR gradually increased as a result of decreased demand during the recession as shown in the table below: When real income falls below potential income due to a recession, FORD MOTOR laid-off workers, so the unemployment rate goes up and hence households earn less income. The cyclical unemployment rate increases during recessions as FORD MOTOR could not raise sufficient revenue to sustain a large number of workers.  

Boutique Hotels Essay Example | Topics and Well Written Essays - 1000 words

Boutique Hotels - Essay Example It will also explore how the notion of the boutique hotel has evolved over time but still remains an important mainstay within the market. In particular, it will consider the factors that have influenced the growth in the boutique hotel sector. Swig (2000) examined the boutique hotel in more detail, suggesting that, whilst the major hotel chains are not suffering in any meaningful way, the boutique hotel never-the-less presents the consumer with a new and interesting option within the accommodation market. Swig (2000) suggests that an important characteristic of a boutique hotel is that the theme of the accommodation is somehow linked to the destination or neighbourhood in which it is situated, as well as taking into account the personality of the intended consumer. The article also uncovers the characteristics of this consumer, quoting Chip Conley (of Joie de Vivre Hotels); â€Å"sophisticated, artistic, literary and conscious† (Swig, 2000, p2). The boutique hotel may be hard to define in any definite terms, but essentially this is the purpose of the boutique hotel – it represents the personality of the individual consumer, in opposition to the chain hotels (Mcintosh & Siggs, 2005). Wilson (2004) covered in more detail what she termed ‘the boutique mystique’, stating that ‘not every distinctive property is a â€Å"boutique hotel† (p54). The emphasis on properly defining a boutique hotel suggests that it must be â€Å"trendy† (p55) in a similar way to the 1960s fashion boutiques. This means that the boutique hotel is not limited to traditional standards of beautiful architecture; indeed, many boutique hotels are located within urban areas and utilise refurbished â€Å"ex-factories and warehouses† (McNiell, 2008, p383). Thompson & Thompson (1995) suggest that this variety is a contrast to the anonymous larger chains, which is part of the reason why boutique appeals hold such an appeal. McNiell goes onto sugge st that the boutique hotel may not be a separate concept from the traditional B&B (McNiell, 2008, p384). In this case, we can see that some scholars believe that the boutique hotel may not be different to previous choices within the accommodation market. The difficulty in defining a boutique hotel is part of the reason that they appeal to such a wide variety of consumers. McManus (2001) suggests that the hotel consumer is now â€Å"turning to boutique hotels to give them the same services, but with greater intimacy† (p103), and the only applicable term for the boutique hotel user is â€Å"sophisticated† (p104). Fanning (2006) uses the term â€Å"cultural† to describe the consumer. These are both umbrella terms, with the precise demographic and tastes of the boutique user being hard to ascertain precisely because different hotels appeal to different consumers (Lim & Endean, 2009). Iwata (2006) proposed that the boutique hotel appeals more to the homosexual male t han the heterosexual. This literature seems to be in agreement that the boutique hotel offers something different, which contrasts with the opinion of McNiell (2008) above. More evidence that the boutique hotel can be considered different to the standard offerings is the literature exploring the global chains like Starwood Hotels & Resorts Worldwide (Chang & Teo, 2009). There are even chains which

Assignemt Essay Example | Topics and Well Written Essays - 500 words

Assignemt - Essay Example The major challenge affecting prognosis, however, has been on the imaging of partial tears. Oblique imaging planes, including oblique axial, oblique coronal and oblique sagittal, would improve on the accuracy of diagnosis and detection of any partial tears in the ACL. It would also aid in assessing individual bundle tears. This approach has been noted to be more useful than the standard MRI in cases where ACL tear is anticipated. The protocol could also benefit from 3D sequences such as the 3D-DESS, known to be isotropic acquisition having the potential of reducing partial volume averaging through acquisition of thin and continuous slices from the joints. Additionally, this could be used to come up with multiplanar reformat images, MPR, which would make the evaluation of ACL possible from any orientation or oblique planes through a single acquisition. This creation of the MPR could be sourced as part of PACS system or through dependent workstations. The MPR images in this context would be useful for acquisition of the oblique planes, including the oblique axial, coronal and sagittal, to better assess the ACL tears. Finally, the 3D-DEES sequences play a crucial role of enhancing the image’s T2* weighting and also increases synovial fluid and cartilage signal intensities. This 3D-DEES technique is beneficial in the sense that it provides moderate accuracy with regards to early cartilage delineation and high accuracy when detecting advanced cartilage lesions. As such, this sequence can only be employed when dealing with cartilage structures. Replacing this ACL imaging sequence with subtraction-DESS technique would result in its optimisation. The MRI technology has been beneficial in supporting chronic and acute ligament injuries diagnosis and, even more importantly, in assessing problems that arise after the reconstruction of ligament. Even so, the short T2-relaxation time associated with tendon tissue (4), the standard MRI having echo times, TE,

Prevent Elder Abuse Essay Example | Topics and Well Written Essays - 500 words

Prevent Elder Abuse - Essay Example Victims normally experience more than one type of abuse. Aiming to address the increasing number of reported elder abuse cases, The Project P.E.A will help alleviate and assist victims in any effective approach. The promoter of this program will aid elder abuse victims with crime prevention, crime awareness, and crime reporting resources though proper education, advocacy, and training of seniors, volunteers and service providers. Looking forward to find resolution to this kind of violation, The Project P.E.A. will work together with authorities to help support victims. Educating community by orienting to the criminal justice system related to this type of offense, court support, case status and the proper approach on how to handle such cases. This can be done by conducting seminars, community presentation, and training among volunteers and the community to avoid similar cases in the future. The serious problem of elder abuse is growing and considering of advocating its proper resolution by this educational campaign. A five-year media campaign is planned which includes paid advertising, public relations, community forums, and similar outreach programs designed to cater both victims and probable suspects to

Bystander Behavior and Concepts Essay Example for Free

Bystander Behavior and Concepts Essay Research reveals that the feeling of guilt can spur on the behaviour of helping. For instance, a survivor of a terrorist attack may be guilty of going to assist others. Lack of Personal Relationship Ideally, bystanders are more likely to assist when the know the person. In the case of emergency, people in the problem people may make personalized response even if strangers are keeping a distance. The bystanders’ presence in the scene of emergency limits the likelihood of any person will display any response to assist in violence. Schouml;llnberger, Mitchel, Redpath, Crawford-Brown Hofmann, (2007) notes that contrary to common sense, there is no safety in bystander in the presence of the bystander because they see and assume someone else will take responsibility. Both social norm and diffusion explanations predict a reduction in helping behaviour when a bystander is present. Pro-Social BehaviourThe psychological foundations of the pro-social behaviour are beneficial for doing my further research in my field of study. Besides, it can also assist me achieve my educational, criminal justice and social work in line of profession. More importantly, the theoretical understanding with practical implications can assist me in improving my health and philanthropy. The concept teaches the principles of help, sharing and giving that are all important for social relationships and assisting and being of benefit for one another in the society and finally feel good. Social Norms The principle of the social norm argues that people use other people’s actions to decide on when to help. Learning and understanding the social norms in the society will help me develop moral behaviour and learn how to make curate decisions. Making wiser choices is important for life developments and benefits of decisions. Humanism Humanistic psychology refers to a psychological perspective that major on the study of a person referred to as holism. The approach argues that the behavior of an individual is connected to his inner self-image and feelings. According to the humanistic perspective, every individual is unique and individual and is at liberty to change his or her lives at any moment. Because of the center view of the person or her or his personal, subjective perception and experiences of the world, the humanists argue that the scientific methods are inappropriate to study the behaviour. The most influential theory of holism is the cognitive theory (Schouml;llnberger, Mitchel, Redpath, Crawford-Brown Hofmann, 2007). The theory is relevant to my current and future life. Besides, the theory revolves around the studying of the mental process of acquiring knowledge. Since it deals with the perception attention and memory, it will help me achieve and maintain general healthy lifestyle. The theory can be use d to analyze mental illness hence providing healthy lifestyle. Behaviorist Perspective Behaviorists view people as controlled by the environment. Besides, it mentions that we are the result of what we have learnt in our environment. The perspective is important for learning how stimuli affect observable behaviour. The perspective highlights operant conditioning in which people learn from consequences and classical conditioning in which people learn by association. The perspective is beneficial for getting better academic and life grades. Understanding the concepts of learning will assist me achieve better learning procedures for justifying better grades. Reference Schouml;llnberger, H., Mitchel, R. E. J., Redpath, J. L., Crawford-Brown, D. J., Hofmann, W. (November 01, 2007). Detrimental and Protective Bystander Effects: A Model Approach. Radiation Research, 168, 5, 614-626. Source document

Teamwork discovery Essay Example for Free

Teamwork discovery Essay Describe team members’ results on the Discovery Wheel and Develop your multiple intelligences exercises. What similarities and differences exist within the team? Looking at our team results as individuals, it appears that we have all had a surprising look into ourselves accurately. We all have learned things about ourselves that we did not realize in the past. For instance, Jacob learned he would like to bring up his reading, Kathleen wants to be more time managed as she grows in her schooling she has learned, Nicole learned she wants to work on many areas in her growth with schooling, and Joni learned she needs to learn how to do testing better throughout schooling as well. Our team has the similarity of a high strength in Purpose. This is pretty much the only prominent high score as a team that we have in common. In the same since, we have looked at our results and we all have many differences. Like mentioned before, Kathleen, Jacob, Nicole, and Joni all want to improve areas throughout their course in their studies in schooling. Kathleen feels she will be stronger as a person once she is able to control her time management, Jacob feels one his reading becomes better he will be able to do better in school and in his life further down the road, Joni feels if she can do a test with less stress she will be able to pass them and accomplish much more through school. As a team we work well together through our weaknesses, because we are all different and have strength in the areas where others are lacking; therefore we work well as a team. 2. What are the advantages of having diversity on a team? What challenges might the team face because of diversity? As a team, we feel there are great advantages to having diversity on a team. We believe that diversity can bring a lot to a team; you can learn new points of view, opinions on how things are being done, and various ways of study that could help each other out. These are advantages, but they can also be seen as challenges in a team as well. The way these areas could be seen as a challenge is, if a team member is set in on specific way of study, does not do well with listening to how things could be approached differently, or they are just plain â€Å"set in their own ways†, then this could cause challenges. 3. How might factors such as diversity, attitude, learning, and work styles affect team building? Factors such as diversity, attitude, learning, and work styles may affect team building if one or more team members are unwilling to adapt to change that may take place; or even the styles of how people learn being different may become an issue. Work styles of how some team members want to get the job done right away and others procrastinate. Many of issues can arise while building your team. Once your team is built, you will know who is strong in areas and you will know where they will be needed the most. 4. Describe team members’ results on the Career Interest Profiler, and the Career Plan Building Activity-Competencies. What similarities and differences exist within the team? As the team, we scored high on Purpose and averaged in mostly everything else. Our low score came in at Reading. Our team has the similarity of Purpose, and a few of us paired up on other areas on where we scored, but overall we have many of differences on how we feel our areas need to be worked on. The differences are that some of us may have scored high in timing and low in other areas, but we fail to have time management. 5. How can you use the knowledge gained in the Career Interest Profiler, and the Career Plan Building Activity-Competencies to improve the performance of the Learning Team? We will stay on task and set early deadlines to make. This will help keep stress levels down to be able to complete the assignments at hand. We will stay in communication better with one another and post more often to find out what is needed; and if there is any confusion it can be clarified within the team or by the instructor if needed. This is what we learned to improve the performance of the Learning Team. 6. What obstacles might arise from different ethical perspectives among team members? There are many obstacles that could arise from ethical perspectives from a team. These obstacles can range from politics, religion, gender, race, or language. The list may go on even further, but these are major obstacles our team could think of. 7. How might these factors, diversity, attitude, learning and work styles, and ethical perspective be used to resolve conflicts? As a team we feel that diversity could be used to solve a conflict by learning the different ways of study that diversity may have to offer. Attitude can resolve conflict if the team comes forth as positive key players and are willing to keep an open mind without taking things personally. Learning new ways and being open to different ways of others’ ways of learning can resolve conflict as well. Taking in consideration that each individual is different and work in different styles may help resolve any conflict with work styles; try different work styles before just assuming you do not like them and keep in consideration they may work for other team members.

Human resources manager in international expansion

Human resources manager in international expansion ABSTRACT The worldwide dimension of Human Resources work may not have high influence in some businesses. But in some business it does posses a lot of influence. Some organizations that have world wide activities, needs to be staffed but with some different comparisons in the terms and conditions of employment. This is where the importance of international human resource management and the role of international human resource manager arise. International human resource manager must be responsible for framing new Human resources policies and strategies that gets in line with the locations ethical and religious issues for which managers need to posses both explicit and tacit knowledge. This research highlights the importance of this knowledge and its transfer from the parent country to the host country in line with the other objectives of this research. INTRODUCTION The growth of significance in International Human Resource Management originates from the augment of globalization. This substantial growth can be seen very obviously over the past half century. This term explains the propagation of international trading relations, foreign direct speculation, worldwide mergers and acquisitions, quicker and affordable transport and swift technological revolution. Amalgamation of markets multi-nationally was involved by globalization and the involvement was done on a regional level as well which is enthused by the rise of potential and authoritative markets in china, India and Eastern and Central Europe. Multinational companies are yet other visible manifestations of globalization. As companies expand domestically to a certain level they then try and expand internationally. This is when the role of International Human Resource Management comes into action. The objective of this research is to 1. Identify the role of International HR Manager. 2. To provide justification for the chosen geographical area. 3. To discuss the role of IHRM in relation to companys global involvement. The chosen geographical location for this research is India, for which the justification would be revealed during the course of the research. LITERATURE REVIEW International HRM can be defined as ‘the set of distinct activities, functions and processes that are directed at attracting and maintaining an MNCs human resources. It is thus the aggregate of the various HRM systems used to manage people in the MNC, both at home and overseas. Taylor, Beechler and Napier, 1996, pg: 960. There are various models that best explain the International Human Resource Management. These models have been put forward to illustrate how the HR function is configured. The Schuler et al. (1993) model explains us the integrative frame work of international HRM. This is a conceptual frame work that tried to record HRM activity to the diverse strategic requirements for integration and local responsiveness. Schuler et al. (1993) defines strategic international HRM as ‘Human Resource Management issues, functions, policies, practices that result from the strategic activities of multinational enterprises and that impact the international concerns and goals of the enterprise. â€Å"International Human Resource Management can also be referred to as a scrupulous type of devolution activity and spreading out of HR role. As and when an organization starts to develop its international activities, the organization inexorably sets up the degree of decentralization, but internationalization is not just a form of decentralization. This is considered to be one of the most complex forms of the same and involves different types of language, culture, economic and political systems, legislative frame works, management styles and conventions and diversification that stay within those national boundaries.† (Torrington, Hall and Taylor, 2005, pg: 695). Perlmutter (1969) proposed a model that was purely network based, illustrating the globalization of companies. This model was initially implemented in the international human resource management prose, rather than the international business field from where it originated. Kobrin (1994) ‘identified the classification in human resource management issues such as training, recruiting, selecting people and resources as the prime reason why international Human resource theorists adopt the Perlmutters model widely. Perlmutter (1969) initially defined three organizational types based on managements mindsets. They are ethnocentric, polycentric and geocentric organizations. Later he came with the fourth type of organization which is called the regiocentric organization. â€Å"THE ETHNOCENTRIC MINDSET reflects a spotlight on home country values and methods of operating. The consequence is the key positions are filled by the parent country nationals which give them a high degree of direct control over the subsidiaries. THE POLYCENTRIC MINDSET focuses on host country values and methods of operating. The key positions are filled by local employees and the parent company is less interested in homogenizing the organizational culture. THE GEOCENTRIC MINDSET focuses on global operation methods and values. These values are not nationally specific but transcend national boundaries and become almost multi-cultural. This approach involves best people for the job and the selection is done from all over the global organization. THE REGIOCENTRIC MINDSET recognizes regional operational methods and values. The organization is normally structured along regional geographic lines (e.g.: Europe, America, Asia Pacific Rim) and employees are transferred within these regions allowing certain degree of integration and recognizing regional diversity.† Perlmutter (1969). ROLE OF INTERNATIONAL HUMAN RESOURCES MANAGER The primary role of the human resources manager of a company that is expanding internationally for the first time is to formulate new HR strategies and policies based on the organizations business policy. They must keep in mind the issues in the geographical location where the company is going to operate. Those issues may be varied starting from political issues, labor issues, religious issues and diversity issues. The next important role would be the transfer of knowledge. ‘Knowledge is defined in terms of its explicit and tacit qualities (Nonaka and Takeuchi, 1995). Polyani (1962) states that ‘tacit knowledge is the one that can be articulated and explicit knowledge is something that cannot be articulated. Both these knowledge has different methods of acquisition and accumulation purposes. Lam (2000) argues ‘that explicit knowledge is mostly generated through reckoning and inference and can be acquired through learning, training reading and listening and tacit knowledge is acquired through exposure in different environments, face to face communications. Close interaction plays a critical role in diffusion of this knowledge. As per the above argument by Lam (2000), we can say that it is mandatory for an international human resources manager to posses both explicit and tacit knowledge. Explicit knowledge will help the manager in framing international HR policies and strategies based on organizational objectives. This can also be addressed to as the internal factors in international expansion. Where as the external factors include the political issues, the opportunities and threats which they might experience. This requires the manager to posses abundant tacit knowledge which is acquired through experience. To be more specific on the roles we can consider the work of Tregaskis, Glover and Ferner (2005). They examined the role of international HR networks in 13 different Multi-national companies and outlined the role of the HR manager. These include â€Å"1. Global policy development. 2. Global HR policy accomplishment. 3. Best practice conception and allocation. 4. Utilization of the distributed HR expertise. 5. Creating buy-in to policy initiatives. 6. Information Exchange. 7. Socialization of the HR community.† These roles are self explanatory and it underpins the relevant knowledge requirement of the person involved in the international setting. JUSTIFICATION OF THE CHOSEN AREA This research will proceed further based on the assumption that the UK based organization is planning to expand its operations in India. India is one of the largest democracies in the southern Asia. India draws a high level of international attention with a GDP of growth rate of 8.1 percent in the first quarter of the financial year 2005-2006. This increased from 1.9 percent in 1995 to 3.4 percent in 2004. Major growth rate can be found in the industrial and the services sector with a growth rate of 8 percent in 2005. There are quite a few challenges that the organization might have to face during its expansion in India. This is outlined by Beardwell and Claydon (2007, pg: 626). â€Å"INFRASTRUCTURE: The combination of weak authoritarian mechanisms and the improper flow of FDI which is found more in non core sectors have restricted the flow in core sectors and Energy. Wider skill up gradation seems to be essential in India for e.g., more manpower is required in the information and the communication Industry. CORRUPTION: This is another challenge that could be faced by the organization. This is the reason that the FDI flow in china is comparatively higher. The government of India has implemented the Rights to Information Act in 2005. Setting up of the vigilance commission is also an important step taken by the government. GROWTH WITH EQUITY: Despite the fact that there are more jobs being created, these jobs are in the unorganized sector with poor wages and benefits and there is less job security. But the government is taking necessary steps to improve job opportunities and enhance skills development by ensuring education for all. Beardwell and Claydon (2007, pg: 627), outlines the advantages an organization that enjoy despite the arousing the challenges. They are LANGUAGE: Advantage of wide knowledge in English language is evident in most graduates who come from across a million universities in India which makes recruiting quality candidates very easy. SKILLS: Highly skilled people from the field of software and information technology are one of Indias competitive advantages. India though highly recognized for unskilled cheap labor produces a number of graduates from the field of mathematics and science from a number of colleges. DEMOCRACY: The egalitarian nature of the Indian state provides a sustainable distribution of resources with an equitable distribution of resources and opportunities. This may help India address the challenges of poverty, inequality, low equality and per-capita income. DIVERSITY: The key to understanding the Indian context is its diversity. Managers with an experience in a diverse organization are regularly equipped to adjust as well as respond to the increasingly diverse international work place. PROSPECTS: India on description of its competitive advantage continues to gain employment within global division of MNC. The probability of this change happening is high with a projected growth of 9-10 percent which was predicted by the World Bank.† DISCUSSION AND EXAMPLES IHRM and Companys Global Involvement This discussion will mainly focus on role of IHRM in companys global involvement followed by examples of two organizations. Vernons (1996) stage model of organizational change and the steps are listed below PHASE 1. DOMESTIC: Focus is on the market, with unique products and services. ‘There are no requirements of cultural diversity and the HR needs are not demanding in international terms. I.e. expatriate assignments cross-cultural (Dunbar, ET. Al., 1989). PHASE 2. INTERNATIONAL: There is an increase in competition and international markets gain significance for profit. The HR now performs vital role in attaining control of local operations. PHASE 3. MULTINATIONAL: The product/ service reaches maturity, there is a rise in competition and a fall in price. The best people are chosen for international postings for increasing profits and the recruitment of international manager would be from those with the knowledge of parent culture. PHASE 4. GLOBAL: The previous three stages were based on hierarchical structures. This phase functions on the postulation that the business unit will need to operate in all the three phases continuously. ‘It is in this stage the demarcation between the expatriate and local managers disappears and management of dual demands of integration and local responsiveness takes place in the organization. (Doz and Prahalad, 1986). Phase I Domestic Phase II International Phase III Multinational Phase IV Global Primary Orientation Product or Service Marketing Price Strategy Strategy Domestic Multi Domestic Multi National Global World Wide Strategy Allow Foreign Clients To buy Product/service Increase market Internationally, Transfer technology abroad. Source, Produce and Market Internationally Gain global strategic competitive advantage Staffing Expatriates None (Few) Many Some Many Why sent? Junket To sell control or transfer technology Control Coordination and Integration Whom Sent? ‘ok performers, salespeople Very good performers High- potential Managers and top executives Purpose Reward Project ‘to get Job done Project and career development Career and organizational development Career Impact Negative Bad for domestic career Important for global career Essential for executive suite Professional Re- entry Somewhat difficult Extremely difficult Less difficult Professionally easy Training and Development None Limited Longer Continuous throughout career For Whom No one Expatriates Expatriates Managers Performance Appraisal Corporate bottom line Subsidiary bottom line Corporate bottom line Strategic positioning Motivation Assumption Money motivates Money and adventure Challenge and opportunity Challenge, opportunity, advancement Rewarding Extra money to compensate for foreign hardship ______________ Less generous, global packages ____________ Career ‘Fast Track Domestic Domestic Token international Global Executive Passport Home country Home country Home country, token foreigners Multinational Necessary Skills Technical and managerial Plus cultural adaptation Plus recognizing cultural differences Plus cross- cultural interaction, influence and synergy Source: Adler and Ghadar, 1990 cited on Beardwell and Claydon 2007. The table illustrated above was proposed by Adler and Ghadar, (1990), which illustrated the IHRM in relation to the companys global environment relating various aspects with Vernons model of organizational change. Examples The two organizations that will be considered as examples in this research are Barclays bank and British airways. â€Å"Barclays is a UK based organization which is expanding globally at a considerable rate. Barclays bank has been operating in India for just a span of two years. Within a short span of time they have gained the title as the most respected foreign banks of the country. This bank is led by Mark Jones, who is the Managing Director in Asia. The company has its own corporate social responsibilities. In 2008 52.2 million pounds was invested in community projects and over 57, 361 employees in over 50 countries was involved in one of them.† www.barclays.in (2009). Theoretically speaking Barclays in now on PHASE 3. THE MULTINATIONAL STAGE, as illustrated by Vernon (1996). The organization employed a director who has the knowledge of the parent culture. They have five branches across India and currently have their efforts focused on financial inclusion, entrepreneurship, and education and Helping people into Employment. The ethnocentric and polycentric mindsets of Perlmutters (1969) model best suits the companys International HR management practices because; Barclays key positions are filled by parent country nationals as well as nationals from the host country. â€Å"When considering the case of British Airways, they are slightly different from Barclays. This difference occurred because British airways are a huge organization with over 80 years of history. Though they have their hubs only in London, they have their operations in six continents and in over 69 countries and India is one of them. They serve to more than 36 million passengers every year. They believe in offering diversity, more development, better training than their competitors.† www.britishairways.com (2009). This organizations international HRM strategy can be compared in contrast with the permutters (1969) geocentric and regiocentric mindsets of the people because; they involve best people from all over the globe and at crucial stages employees are transferred within a particular region. British airways is currently in the PHASE 4 which is the GLOBAL PHASE as they are operating on all the prior three stages. CONCLUSION This research analyzed the international human resource management using a range of academic models and theories. The role of human resource manager during a first international expansion was clearly related to the knowledge transfer and the organizational strategies and policies. This research can be a useful tool for a domestic company whose future plan is to expand their business globally. After analyzing the advantages and challenges in India it gives the organization a clear picture as to what are the issues that can be expected, both internally and externally. Advantages are those which the organization must be prepared to utilize, and the challenges are something which they must be ready to face. Keeping in mind the role of the IHRM in organizations global involvement, the stages for organizational change, and the advantages and challenges they might face in the host country, the organization can really make an excellent start in their proposed geographical location. REFERENCES 1. All about British Airways, available at http://www.britishairwaysjobs.com/baweb1/?newms=info1 accessed on 24 August 2009. 2. About Barclays (2009), available at http://www.barclays.in/about/about_us.htm accessed on 24 August 2009. 3. Adler, N. and Ghadar, F. (1990) ‘strategic human resource management: A global perspective, in Pieper, R. Human Resource management: An International Comparison. Berlin: Walter de Gruyter. 4. Beardwell, J. and Claydon, T. (2007), ‘International Human Resource management, HUMAN RESOURCE MANAGEMENT: a Contemporary Approach, Edition 5, PP: 562-664. 5. Doz, Y.L. and Prahalad, C.K. (1986) ‘Controlled variety: A Challenge for Human Resource Management in the MNC Human Resource Management, 25, Edition 1, PP: 55-72. 6. Kobrin, S.J. (1994) ‘Is there a relationship between a geocentric mindset and multinational strategy? Journal of International Business Studies, third quarter: 493-511. 7. Lam, A. (2000) ‘tacit knowledge, organizational learning and societal institutions: an integrated frame work. Organization Studies, 21, Edition 3, PP: 487-513. 8. Dunbar, E., Mendenhall, M. and Oddou, G. (1989) ‘Expatriate selection, training and career pathing: a review and critique, Human Resource Management, 26, fall: 331-345. 9. Nonaka, I and Takeuchi, H. (1995) the knowledge creating company. New York: Oxford University Press. 10. Perlmutter, H.V. (1969) ‘the tortous evolution of the multinational corporation, International Organization, 51, Edition 1, PP: 1-30. 11. Polyani, M. (1962), Personal Knowledge. Chicago: University of Chicago Press. 12. Schuler, R., Dowling, P. and De Ceiri, H. (1993), ‘An international framework strategic international human resource management, Journal of Management, 19, 2: 419-459. 13. Taylor, S., Beechler, S. and Napier, N. (1996) ‘Toward an integrative model of strategic international human resource management, Academy of Management Review, 21, Edition 4, PP: 959-985. 14. Torrington, D., Hall, L., Taylor, S. (2005), Human Resource Management, Prentice hall, Edition 6; PP: 693- 778. 15. Vernon, R. (1996) ‘international investment and international trade in the product cycle. Quarterly Journal of Economics May.

I Never Promised You a Rose Garden by Joanne Greenberg Essay example --

I Never Promised You a Rose Garden by Joanne Greenberg   Ã‚  Ã‚  Ã‚  Ã‚  The cold tone of this story starts out right in the beginning and her mother and father are quite distraught because of the daughter’s illness and the fact that they must trust the doctors; they seem to not trust anyone. They even told their own family that Deborah is at convalescent school, not a mental institution. Of course the time period of the book is much earlier than now so it is more understandable why they were upset. Hopefully parents now are less ignorant and would try and be proud of their child to willingly get help. It would be too harsh however to say that Deborah’s parents did not do the best that they could, they just did not even realize that their daughter was mentally sick. They didn’t even know that her peeing herself was the result of a tumor. I can say that the way that they treated her for that was wrong. At least they feel bad or that it is their fault. I think that much more of the blame needs to be placed on the par ents, contrary of what Dr. Fried stated. It is the responsibility of the parents to protect and nurture their children, not to physically punish what it not right.   Ã‚  Ã‚  Ã‚  Ã‚  Dr. Fried is a nice women. It is interesting that she was in Nazi Germany. Deborah and her family are Jewish and I feel that this is an important tie. Dr. Fried in able to make progress with Deborah and gain her trust. Dr. Royson has to treat Deborah for awhile when D. Fried is away. He is a much colder person and seems more concerned with proving Deborah wrong than actually getting into her personality and mind frame the way Dr. Fried did. Most of the other people who work in the hospital seem like they are just there to do their job. Dr. Fried, however, seems to be genuinely concerned about her patients. For some reason, there end up being a few folks that inmates or patients constantly torment: Hobbs, who commits suicide, and Ellis, who replaces Hobbs. Deborah tells one of the orderlies that Hobbs and Ellis are just like the patients and that it were all the harassing comes from. MacPherson sets her straight by telling her that some people cannot afford to get help for their problems.   Ã‚  Ã‚  Ã‚  Ã‚  I found the other patients very intriguing. They were constantly changing, new one coming in, some getting well and leaving only to return later on. Deborah and another girl even escaped but the... ...d asked for the restraints to be prepared for her because another episode was coming.   Ã‚  Ã‚  Ã‚  Ã‚  Deborah’s internal will and her great perceptiveness was most likely the main reason she started to succeed. Dr. Fried’s relationship with her also played a large role in Deborah’s recovery. Living in the real world at Mrs. Kings and studying to pass the GED may seem like typical thing for most, but this was a huge accomplishment for Deborah. After the last psychotic episode, She wakes up and begins to study. She tells the gods of Yr that she is giving up Yr for good. They remind her of all of the pain that exists because of the â€Å"real world†. â€Å"Full weight,† she said.   Ã‚  Ã‚  Ã‚  Ã‚  I think that Deborah is a smart person with a powerful imagination, who makes it through some very real problems. I feel that some of the blame should be directed towards the parents, but I also realize that they have their own problems. Also, this story takes place during a very different time than that we live in today. Hopefully, our society is educated to understand that sometimes there are situations above our own control. We then must look to the medical profession to provide answers to the questions we have.

Supremacy :: essays research papers

THE NATURAL DESIRE FOR THE SUPREMACY OF ONE â€Å"The frogs, grieved at having no established Ruler, sent ambassadors to Jupiter entreating for a King. Perceiving their simplicity, he cast down a huge log into the lake. The Frogs were terrified at the splash occasioned by its fall and hid themselves in the depths of the pool. But as soon as they realized that the huge log was motionless, they swam again to the top of the water, dismissed their fears, climbed up, and began squatting on it in contempt. After some time they began to think themselves ill-treated in the appointment of so inert a Ruler, and sent a second deputation to Jupiter to pray that he would set over them another sovereign. He then gave them an Eel to govern them. When the Frogs discovered his easy good nature, they sent yet a third time to Jupiter to beg him to choose for them still another King. Jupiter, displeased with all their complaints, sent a Heron, who preyed upon the Frogs day by day till there were none left to croak upon the lake.†   Ã‚  Ã‚  Ã‚  Ã‚  Aesop’s fable tells of a problem that has existed throughout history, the need for supremacy. Someone always has to be the best, the leader, the ultimate judge, and without this ranking, the people are never satisfied. There is a need for humans to classify others into the general categories of inferior and superior and the ultimate superior is necessary. This tendency has led many nations to create a form of rule with only one leader which although can at times be beneficial is always a waiting disaster. This has been a tendency through out history that has led to the downfall of many civilizations and is also a basis in religion and can be seen in many aspects of today’s society.   Ã‚  Ã‚  Ã‚  Ã‚  Before civilization began, humans existed as nomadic wonderers. People looked nothing like the people of today and they spent their existence surviving. Not only did they look different, they lived differently as well. Very little would be recognizable to the people of today and their way of life was altogether different than the human way of life today. However, supremacy still existed in these nomadic tribes. Evidences have been found, showing there to be a chief or key person who looked over the tribe and served as the ruler. This shows that from the beginning of time people have had this desire to rule or be ruled over.

Succubus Heat CHAPTER 25

To her credit, Grace didn't cower. She stood firm, regaining her composure as she matched Jerome's stare with one of her own. In fact, she regained enough of herself that she remembered to avoid the rain. The drops parted around her, much as the fire had parted around Roman. Her suit and hair were dry again, crisp and perfect. â€Å"You would have done the same thing,† she told Jerome. I couldn't see Jerome's face when he spoke. â€Å"I wouldn't have got caught. You did. You failed.† â€Å"You should be impressed with my ingenuity.† She crossed her arms, almost defiant. â€Å"I'm useful to you.† â€Å"You are meaningless. I could blight you out of existence, and no one would think twice about it.† I wasn't sure about that. Demons smote each other all the time, but that didn't mean Hell liked it. It created paperwork, and if you were caught, you got sent to Hell's equivalent of prison. Grace apparently shared my doubts about how easy it would be for Jerome to kill her. â€Å"I don't think so. As it is, you'll be lucky if you have your job when you get back. You got yourself summoned.† Her eyes flicked to me and Roman, huddled together on the sand. â€Å"Your territory's in chaos. They'll send you off to a desk job-or make you somebody else's subordinate. Quite a fall from an archdemon's position.† â€Å"Not likely,† said Mei, speaking up. â€Å"Not if we spin this right. Jerome's got powerful connections. So do I. And Cedric will advocate for him.† Her willingness to help and assurance about Cedric surprised me, but then, perhaps it was back to the know-thy-enemy philosophy. Grace glared at her former counterpart. â€Å"You're the biggest fool of all here.† â€Å"Enough,† snapped Jerome. â€Å"There's been enough villainous exposition here. The matter's done.† I didn't have to see him to know he was smiling at Grace-only, I suspected it wasn't a very nice smile. â€Å"I will see you in Hell.† He snapped his fingers, and suddenly, what looked like black ice sprang up from the ground and crawled up Grace's body. She hardly had any time to scream because it coated her so quickly and then froze into place, leaving her immobile. She had become a thorny black statue. â€Å"What is that?† I breathed. â€Å"Kind of a demon stasis,† Roman murmured back. â€Å"A prison of sorts. He's ten times more powerful than her-it's an easy thing for him to do.† I wondered then just how powerful Roman really was. He'd seemed matched against Grace, but I still wasn't sure if he'd been holding back or not, for fear of detection. As it was, he now had his signature turned off, appearing as a human for all intents and purposes. He'd done it just before Mei fully materialized. â€Å"You need to get out of here,† I told him. â€Å"Wait,† he responded. Indeed, Roman seemed the least of Jerome's concerns as the archdemon studied Grace's frozen form. Her defeat had been anticlimactic, really. There had been no flashy brawl as everyone else seemed to have had today, but then, I supposed when you wielded the kind of power Jerome did, there was no need. I also had a feeling that Grace had been right about something. Even if he did have connections, Jerome probably couldn't risk doing anything rash to reestablish his control back in Seattle. He probably did want to torture her and blight her from the face of the earth, but binding her and taking her to face hellish justice-such as it was-was going to do him more good. Hell would be more kindly disposed to him if he followed their rules. He turned and faced Mei, who stood off to the side. It was the first time I'd gotten a good glimpse of my boss since his return. His face was blank and cold, but I was pretty sure I could see the fury kindling behind his eyes. Being summoned was pretty much the worst thing that could happen to a demon. â€Å"She was right to a certain extent,† he told Mei. â€Å"It could have been advantageous to turn against me.† â€Å"And be second to her?† Mei shook her head. Like Grace, she had put herself back together. â€Å"No. I won't serve you forever, believe me, but for now, I see what my best course of action is. I'm throwing my lot in with yours.† â€Å"Your loyalty is appreciated.† Mei gave a small nod of acknowledgment. Unlike Kristin and Cedric, where she served him out of love as much as duty, Mei's loyalty was all pragmatism and assessment of what could advance her. Jerome knew this and accepted it. â€Å"And it will be rewarded.† â€Å"I know it will be,† she said evenly. â€Å"And I'll have no co-lieutenant when we return?† â€Å"No. Not if I have anything to do with it.† And for the first time since I had known her, Mei smiled. Her eyes then flicked to the Grace statue. â€Å"Do you need me†¦?† â€Å"No,† said Jerome, seeming to remember us. â€Å"You can go.† Mei wasted no time. She vanished, and Jerome turned around and stared down at Roman and me. His eyes fell on me first. â€Å"So. You're here, Georgie. Why am I not surprised?† â€Å"Because I'm the only one who cared about getting you back and wasn't too lazy to do anything about it?† The ghost of a smile flickered across his lips. â€Å"Fair enough. And you will be rewarded too.† I wanted to tell him that I didn't need a reward, but Jerome had already shifted his attention to Roman. The smile faded. â€Å"You, however, have some balls in coming here.† â€Å"Must run in the family,† said Roman. As beat up as he was, he still managed mockery. â€Å"A suicidal nature does not, however. You know you're seconds away from being destroyed, don't you?† â€Å"Yeah, yeah,† said Roman. â€Å"And I'm sure killing me would help reinforce your badass status. But the truth is, I helped save you. You wouldn't be here if it wasn't for me.† I wasn't entirely sure if he'd done as much work as me in all this, but he had certainly made it easier for me. Nonetheless, even if he had actually single-handedly saved Jerome, it meant nothing. Demons didn't operate by a sense of fairness or feel obligations. Jerome affirmed as much. â€Å"I owe you nothing. If you want to risk your life, that's no concern of mine. I don't care whether you live or die.† Roman struggled to his feet. â€Å"That's not true, or else you would have killed me already. Maybe you don't owe me anything†¦and yet, you're indebted to me, even if you don't believe in paying off debts-and I think you do. You can't stand knowing you owe me.† Jerome narrowed his eyes. â€Å"What is it you want?† â€Å"Amnesty.† â€Å"What?† I squeaked. No one paid any attention to me. As far as they were concerned, they were the only two people in the world, father and son. â€Å"I'm tired of running, tired of hiding. I want a place to stay. A place I can settle down in for a while.† â€Å"You don't need me for that.† â€Å"Don't I?† asked Roman. â€Å"Any place I live, even with my signature masked, I live in fear of being discovered by the greater immortals who control it. I'm always watching my back. I want to be somewhere where I can walk around knowing I have at least some measure of protection.† â€Å"If someone else wants to kill you, I'm not going to stand in their way.† â€Å"I know that. But at least I won't have to worry on a daily basis about you being one of them.† Jerome fell silent, and to my complete and utter astonishment, I realized he was deliberating about this. I never would have thought it possible†¦and yet, as Roman had said, if Jerome's mind had been made up, he would have smote Roman already. Last fall, when we'd learned Jerome had his twin nephilim, we'd also learned that he'd had a wife long ago, a woman he loved so much that he'd fallen from grace to be with her. Did any of that love remain? Had it burned out over these millennia as a damned creature? Did he see any of her when he looked at Roman? When Jerome had helped hunt Roman and his twin, it seemed as though he didn't care. He'd even helped kill Helena. Now, I wondered if Jerome was truly as indifferent as he appeared, and I wondered if Roman had long suspected that. I knew Roman hated Jerome-probably more than he hated me-but was it worth an uneasy alliance with Jerome to have some peace? Had Roman realized playing off this paternal relationship might be the only way to buy him a temporary reprieve? Of course he had. That had been Roman's plan all along. Lingering love for Roman's mother†¦and a bit of obligation thrown in. That was why Roman had helped free Jerome-and why he hadn't wanted me to let anyone else in on what I learned, I realized wryly. Secrecy might have been a true concern, but he would have undoubtedly wanted to minimize others' involvement so that he could play a major role in Jerome's rescue and use that as leverage. â€Å"Mei knows,† said Jerome. â€Å"I can't control what she'll do.† â€Å"She doesn't,† said Roman. â€Å"I knew what Georgina sent Seth off to do, and I had shut down just before Mei arrived. She never saw my face last time, so she didn't recognize me now. She doesn't realize what I am.† â€Å"He's right,† I realized, recalling how Grace had had him in a chokehold. Roman had been gradually letting go of his power and had had very lucky timing. â€Å"Even if that's true,† said Jerome, who seemed to be growing frustrated by the logic, â€Å"I can't control what others'll do. The angels will always be a problem.† â€Å"Well, not that much of a problem.† The new voice was accompanied by the arrival of an all-too-familiar aura, one that felt crystalline and cool. Carter now stood beside us. â€Å"Welcome back.† Jerome glanced over at the angel, and for half a second, he almost looked pleased. The two of them appraised each other, probably communicating telepathically. Or maybe not. Maybe after so many eons of friendship, they no longer needed to. â€Å"I suppose you're going to advocate for him too,† said Jerome. Carter shrugged and glanced over at Roman. â€Å"I don't know.† Angels had as much of an instinct to hunt down nephilim as demons did. I thought of Carter as benevolent, but he too had helped destroy Helena. â€Å"He did help. Maybe he'll stay on good behavior.† It was a sign of how crazy things had become when Jerome and Carter seemed on the verge of letting a nephilim stick around-and that I was the one who protested. â€Å"Are you guys out of your minds?† I exclaimed. â€Å"You know what he's done! He killed those people and hurt others. For all we know, this is a scam. Let him back in Seattle, and he could try to kill others. He could try to kill you. He could try to kill me !† Everyone turned to me, seeming a bit startled by the outburst. â€Å"And here I thought we were partners,† mused Roman. â€Å"Bind him,† said Carter. â€Å"Bind him in a deal.† Jerome and Roman sized each other up, and I held my breath. An immortal deal reached a creature's soul and could not be broken without dire consequences. I'd made a couple in my life. Everything rested on Jerome now, whether he was willing to go against every immortal taboo and knowingly let a nephilim live in his territory. Finally, Jerome spoke. â€Å"I will allow you to live in my domain. During such time, I will not harm you-unless you're discovered by others and I am given no choice. I make no guarantees about other immortals who find you and offer no protection should that occur. You in turn vow not to implicate me in any way for doing this. You promise not to harm me or any other immortals who cross into my territory, unless it's self-defense-or unless I've given my okay. You also promise to harm none of my subordinates†-he glanced at me-â€Å"anywhere in the world.† â€Å"I accept,† said Roman gravely. â€Å"And,† added Jerome, a sharp glint in his eyes, â€Å"you vow to be available should I require your services in a defensive, covert, or-in very rare conditions-offensive way.† There it was. The reason Jerome could go along with something like this. In offering Roman sanctuary, he was bargaining to have a secret nephilim agent, a powerful weapon none of his enemies knew about it. I'd never heard of anything like this. â€Å"I accept with the condition that I won't kill on your command,† Roman said at last. Jerome considered. â€Å"Agreed. The terms of this deal end should you at any time openly renounce my amnesty. Or if I also declare the deal null and void.† â€Å"I want a time frame on that,† said Roman wryly. â€Å"When does my lease expire?† â€Å"A century. Then we'll renegotiate.† â€Å"I accept it all, then.† â€Å"And I agree to the same amnesty terms as Jerome,† piped in Carter. â€Å"Except I don't need you to spy or kill for me.† â€Å"Agreed,† said Roman. It was all so terribly formal, and my presence felt complete superfluous. All three of them shook hands, and as they did, power burned in the air, binding them all to what they'd agreed. â€Å"Well,† said Jerome briskly. â€Å"Now that that's done, I'm going back to clean up the mess that's been made in my absence.† He gave Roman a wry look. â€Å"Considering you aren't technically in my territory yet, I'd advise you-† Jerome suddenly stopped and scanned the beach. â€Å"What about the other summoner? The human one? Was he here?† I looked around as well. The beach was empty. â€Å"It was Dante†¦Ã¢â‚¬  I said slowly. Jerome rolled his eyes. â€Å"Typical. Where is he now?† â€Å"I don't know,† I said honestly. â€Å"Grace beat him up.† I'd worried he was dead, but apparently not. Glancing over to where he'd been lying, I saw what looked like tracks in the sand where he'd been dragged off. I decided to keep that to myself. â€Å"Wonderful,† said Jerome. Turning back toward us, he scrutinized me. â€Å"You will keep this deal to yourself, Georgie. And we'll discuss your reward another day.† He disappeared and with him, the Grace statue. I didn't envy her. Roman, Carter, and I started walking back toward the parking lot. I couldn't speak for them, but my mind was reeling with everything that had happened. â€Å"Did you see what happened to Dante?† I asked Roman. â€Å"Afraid I was kind of busy. What happened to Mortensen after he called Mei?† â€Å"I told him to leave, and I think†¦Ã¢â‚¬  I hesitated, not entirely sure how I knew this, unless it was just my understanding of Seth's nature. â€Å"I think Seth may have carried him off in the confusion. Oh man, he actually listened to me.† The parking lot was empty. My car was gone. â€Å"They took my car,† I explained. I honestly hadn't thought Seth would, despite my pleas for him to leave. â€Å"Wow,† said Roman, clearly delighted. â€Å"Your ex-boyfriend helped save your current boyfriend and then stole your car. Or-well, wait-is Mortensen your boyfriend now? Did he technically save your ex?† â€Å"Oh, shut up. It doesn't matter. We don't have a way to get back.† â€Å"Did you tell him to take the car?† asked Carter. â€Å"Yeah. I told him to get far away. I wanted him safe, and I guess he listened.† â€Å"Depends on how you define it,† said Roman. â€Å"Him coming back for the other guy put him in the demon line of fire. Why would he do that for someone he didn't like?† I stared at the empty parking spot. â€Å"Because he's Seth.† Carter seemed as nonchalant about all this as Dante. â€Å"Well, it's a good thing I'm here, huh?† He rested his hands on our shoulders, and I braced myself for immortal teleportation. â€Å"Ready for a ride home?† â€Å"It beats walking,† I said. Carter paused and gave Roman a curious glance. â€Å"What are you going to do for a home?† Roman was thoughtful for a moment. â€Å"Well, I hear Georgina's moving to a bigger place.† He glanced over at me with one of his beautiful grins. â€Å"Need a roommate?†

Database normalization

Authored, ISBN; BOOKS: ISBN, Update. 6. A college needs to track placement test scores for all incoming students. Each student may take a variety of tests including English and Math. Some students will not be required to take the placement tests due to previous course work. Students Tests 7. Every employee in a company is assigned to one department. Every department can contain many employees. Departments Employees 8. A movie megaphone needs to collect and analyze movie attendance data.The company maintains sixteen theaters in a single location. Each movie offered may be shown in one or more of the available theaters and is typically schedule three to six showings in a day. The movies are rotated through the theaters to ensure each is shown in one of the stadium seating theaters at least once. The company needs to analyze patron attendance by movie, theater and show time. Movies Showings Theaters 9. An online retailer of coffee beans maintains a long list of unique coffee flavors.Eac h type of coffee is purchased from an exclusive supplier. Many of the customers are repeat purchasers and typically order at least five varieties of beans on each order. Suppliers Customers Products Order items Orders 10. Data for an information technology conference needs to be collected. The conference has a variety of sessions scheduled over a two day period. Each attendee must register for the sessions he/she plans to attend. Some speakers are only presenting one session while others are handling multiple sessions. Each session has only one speaker.

Brain Compatible Strategies

One of the most important avenues of debate when it comes to education is the question on how to make the learning experience in school be also connected with real life. There are many hurdles to answering this question. For example, the feeling of being closed in during learning makes the students feel that school is an entirely different world and is an entirely different experience, and when classes and end and they rejoin the real world, they tend to leave the things that they relate to school in the recesses of their mind and shifts their cognition by turning on the brain they use for real life.This is just one of the many different factors, and because of this reason, experts are consistently looking for a way to ensure that what the children learn is something that they also apply in real life. The effective designing, formulation and use of brain compatible strategies are important in the learning experience of the students; but more importantly, the brain compatible strategi es should also be updated and up to date.As Sousa (2003) explained, â€Å"the sit-down-be-quiet-and-listen model is not compatible with the brains of many students who now cross the thresholds of our schools because the environment has affected the contemporary student brain compared with that of just 20 years ago (Sousa, 2003, p. 101). †The use of brain compatible strategies are strategies which do not just help in the effective teaching and lesson retention inside the classroom; more than that, the application of these approaches of this type of style is also usually connected with approaches that individuals take in real life when they are faced with different scenarios, picking a system which the individual feels is suitable for a particular situation.Because of this, brain compatible strategies help not just in the learning process of school-based education but also close the gap found between school life and real life. According to Karten (2007), one of the basic princi ples of brain-based learning strategy is the use and the presence of the effect of â€Å"activities such as simulations and role (that) provide real-life emotional connections (Karten, 2007, p. 57).† This is one of the proofs that through the use of brain compatible strategies in teaching and in the learning experience of children, the lessons learned are applied in real life, closing the gap found between school life and real life. What is the gap between school life and real life? For some students, the problem with going to school is that they see lessons in school as purely limited for use inside the school or inside formalistic educational grounds.They see math solutions as tools to achieve problems inside the classroom as well as history notes as the key to answer the midterm history exam. The manner by which the students are thought sans brain compatible strategies isolate school life and real life, and when this happens, the students feel that whatever it is they lear n in school is exclusive for school use alone, which should not be the case because the lessons learned in school should be transformed as intellectual tools that should be used in real life so that a person can react correctly and rationally in real life situation.This is the gap present in school life and real life, and there was a point that the gap grew bigger and bigger simply because of the fact that the teaching style does not make the learning experience of the students a way for them to realize that what they learn in school should be applied in real life – that math solutions should be applied for counting changes when buying in a store, that the critical thinking during science experiments should be extended in real life. Take for example the different types of brain compatible strategies being used today.In cooperative learning, the student is learning school based education while at the same time learning the value and use of cooperation between individuals, and because of that, the student transfers this knowledge about cooperation in real life. The same is true with the use of problem-solving, which infuses in the child’s conscious and unconscious mind the need to use critical thinking not just to solve school examinations but real life problems as well (Cooperative Learning, Collaboration, Problem-Solving etc. ), not only increase student learning but also help bridge the gap between school and â€Å"real life.† Experts are inclined also to believe that as much as most people believe that brain compatible strategies for learning should impact not just school-based scenarios but real life as well, the truth is that proponents of brain compatible strategies who teaches this system to teachers are advocating the use of not just school-based examples but also to use real life examples to teach the students how the lessons in school are actually usable as well in real life scenarios and not just limited to school experience.As T ate (2006) explained in her book about integrating brain compatible system in teaching inside the classroom, â€Å"a third way to gain student's attention is to connect the learning to real life. It stands to reason that if the brain was meant to survive in the real world, then the closer a teacher can get the instruction to the real world, the more memorable it becomes (Tate, 2006, p. 51). †Conclusion – The use of brain compatible strategies to teach students today has already garnered many followers, if not something that is already widespread, and people ask why such phenomena occurred. Brain compatible strategies are always changing, based on the changes happening on the target audience, and it is important that everyone is on the same page. Maybe the shift in the education paradigm has happened. Before when education was limited to a select few, the idea was to teach things that cannot be easily learned by sheer experience alone (i. e.technique in arts, formula in sciences, strategies in politics), but now educators are looking the reality that what the students needs is a good dose of traditional educational content and lessons which have practical application to assist in the refinement of the actions and reactions individuals make when faced with circumstances, using the knowledge transmitted and embedded in a child’s brain through the use of brain compatible strategies that closes the gap between school learning and real life learning. References Fisher, Robert (December 2005). Teaching Children to Think. Thornes Nelson.Karten, Toby J. (April 2007). More Inclusion Strategies That Work! : Aligning Student Strengths with Standards. SAGE Publications. Sousa, David A. (May 2003). The Leadership Brain: How to Lead Today's Schools More Effectively. SAGE Publications. Tate, Marcia L. (August 2006). Shouting Won’t Grow Dendrites: 20 Techniques for Managing a Brain-Compatible Classroom. SAGE Publications. Tracy, Kim (May 2000). Brai n Compatible Learning: Another New Program†¦ or Is It?. The Teachers. Net Gazette. Volume 1 Number 3. Retrieved June 14, 2008, from http://teachers. net/gazette/MAY00/bcl. html

Discipline Versus Child Abuse

Discipline versus Child Abuse Tiara Loving February 2, 2011 Criminal Justice 100 Homework Assignment #1 Is there such a thing as too much discipline? How far can a person go with discipline before it turns into child abuse? How do a person know if they are performing child abuse? These are the three main questions that raise a debate when the subjects discipline and child abuse are put in one sentence. What some people might call discipline others may say is child abuse. Gaining the knowledge and education of what is right and what is wrong is the key to preventing discipline from becoming child abuse.As stated in the American Heritage College Dictionary, discipline is defined as â€Å"training expected to produce a specific character or pattern of behavior. † Child abuse is defined as â€Å"mistreatment of a child by a parent or guardian, including neglect, beating, and sexual molestation† on dictionary. com. Unfortunately, a parent or guardian training a child to prod uce a specific character or pattern behavior may lead to mistreating or neglecting a child unintentionally. It is legal to spank a child but it is also illegal to beat them.Spanking a child may be considered as light licks on the legs or bottom. Beating a child may consist of bruising or drawing blood. But what works for one child might not be any good for the other. One child can learn a lesson from a spanking but if a parent spank’s the other child, it might not have an effect on him at all. That is when alternatives come in. Either way a parent decides to punish that child, that parent’s point will be made or that child will have learned a lesson. There is nothing wrong with disciplining a child for doing something he was not supposed to have done.Punishing a child will serve as a warning to let that child know that if he ever did something bad again, there will be a consequence. There are many ways to discipline a child without performing child abuse. For example, if a child is at school and acts inappropriate towards his peers or the teacher, he can be giving a spanking, a timeout or some of his privileges can be taken away from him. That child might think the parent is being mean or obnoxious, but that entire time that parent is really showing how much they love and care for that child. As a kid, I would get into trouble a lot.Of course there would be a consequence, and a few words that came along with it. I will never forget the words my mother said to me as I received my spanking: â€Å"I am only doing this because I love you and I want you to do what is right no matter what the situation is. If I do not whip you, you will continue to do the same thing, so I have to teach you a lesson. † As I got older, I realized that she really cared. I felt that I did not want to embarrass her or myself any longer and that is when I decided that I was going to do what was expected of me.Parents have the right to lead their kids by example but th ey must do it the right way. On the other hand, damaging a child’s self-esteem, self confidence and making him feel unloved or wanted is considered to be child abuse. Why would a parent want to see their child suffer, especially without any cause? If a parent does not want another person or child harming their child intentionally, then why would that parent commit abuse? There are many examples of child abuse but I decided to press the issue on one example. A woman just found out that she has gotten pregnant.The pregnancy was unplanned and the baby’s father does not want to be a part of that new life, but she decides to keep the child. When the baby arrives, the woman is frustrated because she realizes she cannot take care of herself and the baby mentally, physically, emotionally or financially. The woman now decides to take her anger and frustrations out on the child and that is where the abuse comes in because she does not know what else to do. Sometimes not discipli ning a child can be considered child abuse as well.Everyone knows that a parent has to let a child be child. But when a parent lets the child get away with things a little too much, it is time to let that child know that enough is enough. Since that child feels that he has not been stopped before, he has the right to continue to do what he pleases. The parent needs to tell the child that they are the adult and he is the child will definitely set the boundaries. The parent is going to ruin that child if they let him into the world thinking that he can do what he please.That is the first step to abusing that child and others are going to do the same if do not step in to guide him. The parent has to learn to say ‘NO’ every once in a while so the child can get used to hearing that word. The parent has to know that they cannot be their child’s best friend and the child has to abide by their rules. If a parent does not start at home by forcing the rules upon the child, then they are giving the world permission to keep the abuse up. Again, the three main questions come to mind. Is there such a thing as too much discipline?How far can you go with discipline before it turns into child abuse? How do you know if you are performing child abuse? A parent might feel that no one can tell them how to raise their child. So they may feel the need to punish the child however they want. The parent says it is discipline. The outside world might say it is child abuse if they see a child is being mistreated in a way that they feel that is not right. A parent might have their own personal reasons to why they punish their child the way they do.Maybe it is discipline—then again it may be child abuse. There are people out in the world that feel that they can care for a child better than that child’s parent. Sometimes those people are eager to take that child that they feel are being abused away from that parent. I would tell those parents to choose a mo re logical way of what they do to their child and how they do it. However a parent decides to punish their child is on them. The parent just need be careful of how they do it because they might not have their child any longer–or even worse, thrown in jail!

Bolton Thermal Recovery Facility Case Study Essay - 1

Bolton Thermal Recovery Facility Case Study - Essay Example The waste material in itself is a mixture of trade, commercial and domestic wastes, and items that have been confiscated from customs and police departments. Also, the facilities and equipment that are fit and used in Bolton Thermal Recovery Facility heighten the need to consider the legal implications of BTRF. This state above especially due to the fact that by the magnitude of the equipment and facilities that are found in BTRF directly and readily warrants the need to factor environmental and economic implications in BTRF’s existence and operations. Among these facilities, materials and equipment are: an incinerator that has the capacity to burn municipal waste at about 16 tonnes per hour; the waste types that are collected and transported to the site; a large and deep reception pit; supplementary oil fired burners which ensure that temperature does not fall below 8500 C at all times; heat recovery boiler; a gas stream; filters; and international catering wastes. The BTFR h as also had total operational hours that run up to 6,793. This means that Bolton Thermal Recovery Facility is a busy site which must be guided by proper safety regulations which are founded upon environmental, economic and legal concerns. Because of this, the need to consider or craft policies that define legal, economic and environmental concerns of a plant as large as the Bolton Thermal Recovery Facility is paramount. As a consultant, it is therefore necessary to divulge details on legal liabilities that may arise from the environmental impacts of operating Bolton Thermal Recovery Facility and the necessary measures that need to be taken to ensure compliance with relevant consents. 1. The Policy, Environmental and Economic Drivers for the Development and Operation of the Facility The economic drivers for the development and operation of Bolton Thermal Recovery Facility are far reaching and should thus be seriously taken into consideration. For one, BTRF is run by Europe’s l argest public waste contract which is the Greater Manchester deal, which in turn costs 3.8 pounds. BTRF also deals with an array of numerous materials and energy recovery facilities, as previously mentioned. The fact that BTRF also has to combine RDF production processes and MBT-AD technological processes further stresses the magnitude of BTRF’s economic significance. Bedeyore (2010) points out that it is also important to consider the fact that the economic significance of BTRF dares back to 2009 when it was signed as a landmark agreement, to bring about an international waste management industry. The bid to help divert 75% of wastes from landfills in the Greater Manchester Waste Disposal Authority (GMWDA) led to the signing of Recycling and waste Management Contract with Viridor Laing Greater Manchester Limited. Following this, this contract houses over 30 facilities such as Material Recovery Facilities (MRF), transfer stations, Anaerobic Digestion (AD) plants, composting f acilities and thermal recovery Waste to Energy (WTE) facilities. All these facilities have been refurbished or built afresh. That BTFR is

The Social Process of Joining an Organization Essay

The Social Process of Joining an Organization - Essay Example Organizations and the people within organizations confront a number of difficulties and situations that are entirely complex. It therefore follows that as social systems, both organizations and the people within them have to constantly adapt to complexity. Whether or not members of an organization learn to adapt to complexities is usually determined by how well members are integrated into the organization when they initially join it. The social process of joining an organization also known as â€Å"organizational socialisation† is important because it is a process in which the newcomer â€Å"acquires the attitudes, behaviour, and knowledge† necessary for participating as an â€Å"organization member†. Among the main socialization processes are: assimilation, civilisation, marginalisation, and professionalization. How an organization applies and deals with each of these processes in the socialising of newcomers depends on the mission and policies of the organization. This essay examines some of the applicable theories directing organizational choices in the complex socialisation process for newcomers. Two useful theories for guiding the socialisation process are psychological and socialisation theories. These theories are important for helping organizations learn the appropriate recruitment and retention skills in the socialization process (Allen, 2006, p. 237). Psychological theory focuses on perceptions of organizational expectations and how those expectations are altered upon entry and with respect to the newcomer’s experiences within the organization and the newcomer makes sense of those experiences (De Vos, Buyens, & Schalk, 2003, p. 537). Psychological theory also narr ows down the perceptions and how experiences alter perceptions by focusing on the experiences of gender groups (Robbins & Judge 2009, p. 45). Sociological theories such as social exchange theory argue that within an organization there is an: ..on-going, dynamic relationship between people as a series of interactions in which actors exchange resources guided by rules of exchange, such as social norms (Korte, 2009, p. 289). In other words, sociological theories inform of the processes in which a newcomer learns the social ordering of the organization via experiences and interactions after entering an organization. According to Allen (2006) employee turnover for organizations occurs more frequently among newcomers (p. 237). Unfortunately, this is problematic because, organizations typically invest a great deal of resources in the recruitment, and training of new employees and with the high turnover among newcomers, organizations have very little opportunities to realize a return on tho se investments (Allen, 2006, p. 237). Together sociological and psychological theories of organizational socialization inform that the socialization process commences before the newcomer enters the organization and that the socialization experience can have an impact on the newcomers decision to remain within the organization (Taormina, 1997, p. 29). It therefore follows that how an organization chooses to influence the socialization of a newcomer is very important and might even be relevant at the recruitment stage. For instance, perceptions of gender inequality in the work place such as in Wal-Mart where women are under-represented in its workforce might influence organizational change in attempting to increase the organization’s appeal to the female workforce (Boxall & Pucell, 2011, p. 14). In this regard, it would be necessary to change practices and policies within an organization that will facilitate the professionalization of women and thereby alter preconceived notion s of gender inequality by practices and policies that significantly alter the newcomer’s â€Å"anticipatory socialisation process† (Ongiti, 2011, p. 78). For example, a new recruit who believes that an

How Logos Christology helped the doctrine of the Trinity to be Essay

How Logos Christology helped the doctrine of the Trinity to be formulated in the councils of Nicaea and Chalcedon - Essay Example in mind, one should note that at a certain point the Christians were forced to refine there teaching in order to get rid of any mistake that I could contain. It is beyond any doubt that the image of Christ is central Christianity and the peculiarity of His nature is a subject for various speculations. This paper will explore the way how Logos Christology helped the doctrine of the Trinity to be formulated in the councils of Nicaea and Chalcedon. To begin with, it may be particularly important to analyze the very concept of logos. By far, they key text that is always engaged is the beginning of the Gospel of John: â€Å"In the beginning was the Word, and the Word was with God, and the Word was God.† (John 1:1). In spite of the fact that this is a rather short piece of text, it contains several important key worlds that would shape Christology in the future. First of all, it is the mentioning of beginning: it is crucial in the debates whether Christ existed before everything was created as it is mentioned in Genesis. Secondly, the connection between the Word and God is emphasized. Finally, it is the direct claim that the Word is God. Nevertheless, while the Gospel of John is regarded as the cornerstone of this concept, there are several other texts that contain similar idea. For example, in the Old Testament there is a phrase: â€Å"By the word of the Lord the heavens were made, their starry host by the breath of his mouth† (Psalms 33:6). There is no doubt that this might be seen as the reflection of the notion that everything was created through Christ, the Word. Moreover, it would not be a mistake to suggest that this used to be a widely accepted idea in the world of Christian scholars1. Thus, adherence to the same concept is witnessed in other Evangelists: â€Å"just as they were handed down to us by those who from the first were eyewitnesses and servants of the word† (Luke 1:2). At the present moment the image of Christ is closely associated with the Word and

Innovative Behavior Essay Example | Topics and Well Written Essays - 2250 words

Innovative Behavior - Essay Example There will however be a gap between organizations intention or desire to be innovative and their actual behavior in being so. There may be difference in the extent and content of innovative behavior. This will be true of organizations big or small, but the question arises whether size of an organization has a correlation with innovative behavior of organizations. What are the circumstances in which forms of different sizes may differ in their innovative behaviour This paper attempts to answer these questions. The word innovation means a combination of two activities in an organisation, the process of generation of ideas through a creative process and the manner in which the successful commercialization of a selected idea as a successful product or service. In case of a process innovation it will mean the offering of a differentiated product in the market through successful use of the new innovative process innovation. Innovations are generally of two types, the radical innovation and incremental innovation, which basically are used to denote the degree of novelty. Schumpeter describes two types of innovations that occur in a capital economy. One is in which the major source of innovation is in small industries which are operating in a highly competitive market. The innovative behavior is driven by the visionary entrepreneur. ... klik (2003, p 3) suggests that both are likely to occur in the economy at the same time in different industries, depending on the level of maturity of the industry. In an industry that is new, innovation driven by entrepreneurs in small firms will be more predominant. Later as the industry matures the innovation behavior of large firms will be predominant. Trott ( 2002, p 18) describes 5 different types of innovation models to explain how innovation in firms occur. Broadly they are classified as linear and interactive models. In the linear model typically innovation is technology lead. Innovation occurs because of new opportunities thrown up by new technologies (technology pull). The second occurs based on the demands from the market. (market pull). The third described is one where innovation occurs because of both, a market pull and technology pull. The fourth recognizes the importance of linkages between technology, market, and customer needs. The final model described, the network model, is the one which fully takes into account the complete eco system under which innovation occurs. It takes into account external inputs like new technology development, competitors, research from academic institutions and research organizations, supply chain partners and customers, as well as the internal organizational functions and their behavior. These are the main factors to be considered if innovation is to be successfully managed. Interactions of functions within organization like marketing, R&D and finance, is important, but interaction of these functions and organizations with external environment is also important. At the management level company may be discussing strategic alliance with another company for developing innovative products; marketing will have to be