Adam smith vs Karl marks philosophy economics contribution free essay sample

To begin with, Smith came up with the concept of the ‘invisible hand’ (Communist (1848)). This concept was to explain that seeking self interest is not necessarily bad but it sought to explain the reality that people tend to act in their own self-interests. When individuals pursue their self interests, they promote without their knowledge the good of the community at large and so it can be said that an individual who wants to maximize their revenue maximizes the revenue of the society too. This liberty to customers to buy freely what they want and for the producers to produce what they want without any pressure enables the market to settle on a product distribution and prices that are beneficial to all individual members of the community. This liberty to both producers and consumers and the greed to maximize their interests, drives them into a behavior that is beneficial to all in that particular community. We will write a custom essay sample on Adam smith vs Karl marks philosophy economics contribution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Due to this, producers are forced to employ methods of production that are efficient with an aim o maximize their profits. This leads to low prices that are meant to out do their competitors and this forces investors to go for firms that wants to maximize their profits and hence this works as mechanism of balancing. The invisible hand concept acts as the root of modern economics. A good example is the general equilibrium which states that if the economic forces are balanced in the absence of external influences, then the economic variables will not change. This requires that everything in the market beginning with pricing to production be controlled by the players in the market but not by other forces. These external forces may include among others the regulations that are imposed by the government or other organizations that may have a say on the market. According to the general equilibrium, when the prices are very low, then there is surplus supply and when the prices are very low, then there’s a shortage in supply. As a result of this, the situations tend to control themselves without the need for any regulator from outside. These outside forces in the market slow the rate at which the economy grows and they also lead to infancy in the division of labor. As a result of that need for self improvement, efficient division of labor is realized as well as improved efficiency in the economy. This concept is very much in use even in today’s economy . The modern market structure borrows greatly from the earlier ideas of natural monopoly by Adam Smith.( The Poverty of Philosophy human nature) The division of labor Division of labor is a clear indication of qualitative step towards increased productivity and so it acts as an engine that drives towards realization of economic progress. Smith realized that labor division and for that matter labor specialization would improve greatly on the concentration of workers on the duties they perform. This concentration would come as a result of doing a single task many times or repetitively. The need for improvements in productivity of the work force is said to be the root cause for labor division. According to Smith, labor division can lead to increased productivity. This productivity from the workers can be attributed to specialization in one task since specialization leads to greater skill on their particular subtasks compared to what would be accomplished by the same number of workers performing a broad task. For maximum productivity from workers, skills that they have should be matched with the corresponding equipments.   Most of today’s increase in productivity can be attributed to the matching of technological, human and physical capital and mostly in the manner in which they are organized. This means that laborers need to be equipped with the right skills so as to be effective in what they do compared to when there would be no job specialization and hence anybody could perform any job. Todays economics has borrowed greatly from these ideas from Adam smith. Many organization have realized the need to equip their employees and some even hire unskilled ones but pay for their acquisition of skills. Another outcome of labor division according to Adam smith is minimization of time that is wasted by employees when moving from one task to the other. A lot of time is wasted when people keep on relocating and this proves expensive to the company in the long run because they have to pay the employees. Through labor division, this time wastage is minimized . The modern concept of scientific management borrows greatly from Adam Smiths ideas .Scientific management emphasizes on the connection between activities and the transformation that occurs within the process. This is also supported by William Petty who notes and demonstrates its importance in the construction of Dutch ships. He admits that people with a particular task to perform had discovered new ways of doing their work which were later observed and justified by political writers on economy. (An Inquiry into the Nature and Causes of the Wealth of Nations (1776) specialisation) The wages of labor Wages of labor are dictated by mostly by the availability of job vacancies and also by the availability of workforce. When there are many workers and the available vacancies are few, the amount of money the workers are paid usually fall. Likewise, when employers compete against one another and the labor supply is limited, the wages paid to the employees usually rises but its worthy noting that this process is made possible by unity among laborers and masters. This kind of unity enables laborers to come together and stop biding for jobs against each other hence making the employers increase the wages paid to them. Likewise when employers come together in unity and stop binding against each other, the wages fall. However, in places where the amount of labor is more compared to the amount of the amount of revenue that can used to pay for waged labor, the competition among the employees in greater than the competition between the employers. Smith argues that the amount of revenue must keep on increasing constantly compared to the amount of labor so that wages may remain high. Profits of stock too have an impact on the wages because the more money is spent on compensating labor; little is left for personal profit. This is clearly shown in countries where competition amongst employees is great compared to competition among employers, profits will be much higher. Due to these views, Smith attacks people who are politically aligned and try to use their political influence to manipulate the government and other powers into their bidding. Smith feared that people of this class could form a powerful block and take advantage of their closeness with the authorities into manipulating the state into enforcing certain regulations meant to serve their interests against the general interests. These would maker other players vulnerable and have no say in the way businesses were being conducted. According to other people the level of specialization brought about by division of labor was externally determined but in the contrary, Smith argued that it was the dynamic engine towards economic progress. Surprisingly, Smith himself criticizes the division of labor arguing that it leads to mental mutilation of the workers hence rendering them ignorant and insular because their lives are limited only to doing a single task many times. These ideas by Smith are incorporated into today’s discussions on economic issues. Human capital is one of the discussions in which Adams Smiths ideas are used. Human capital is one of the four types of capital that were identified by Adam as being important for the success of a company. As argued by Smith previously, human capital and the productive ability of the labor force is both dependant on the division of labor. It’s worthy noting that human capital includes skills, dexterity, and the ability to make the right decisions and human capital can be acquired through informal schooling and on the so called on-the-job training. These acquisitions of skills aimed at improving the effectiveness of the workforce are still practiced today by ma ny companies. (An Inquiry into the Nature and Causes of the Wealth of Nations (1776) productivity) Adam Smith vs Karl Marx Both Adam Smith and Karl Marx shared a common idea and this common idea was their praise for capitalism .These two early pioneers of modern economics agreed that capitalism was the key in unleashing the productive powers. This argument stated that for the employees to be more productive, they needed to be subject to their bosses or seniors. If the employees were left to work at their own leisure these two men agreed that their productivity would be minimal and as a result, their employers would incur big losses. This created the need for competition among both the employers and the employees as well since this would keep these two parties on their feet through out. But despite these similarities in their in their views, there was differences in their ideas as well. Marx and Smith both seem to agree that capitalism is the ultimate driving force in profit maximization .New profits and value added, they seem to agree came as result of the employers paying the workers the exact value that is in the market for their labor capacity. But the sad thing was that in most cases, the market value of the goods which the workers produced exceeded that market value. This clearly means that the employers were making maximum profits while paying little to their workers. Both Marx and Smith agree that     there are different types of capital and they play different roles during production. Production Capitals include things like land, natural resources or raw materials and lastly technology. All the above named different classes of capital were dependant on each other in production. These two men seemed to agree also that social relations of production should not only be made up of relationships between individuals but rather should be between large groups of people or certain classes of people. These two men had the same idea of a free market. They described a free market as a market in which all prices of the goods that are on offer are decided by mutual consent between sellers and buyers   and also one   that did not mislead both the sellers as well as the buyers. They both argued that these two major people in the market, the buyer and the seller, should not be forced into making decision by an external party. The relationship between these two players should not be manipulated by any one but to the contrary, it should be left to obey the natural law of supply and demand. The difference between free and controlled markets is that   controlled markets are controlled by external forces These forces mostly refers to governments which may directly or indirectly try to have control of prices or the supplies in the market. One area where these two men seem to differ is their idea of job specialization. Smith advocates for specialization for jobs among workers. He argues that laborers who were assigned too many different duties were less productive than those who were assigned a specific task to perform day in day out. He says that this leads to efficient usage of time and it seeks to save time that is usually wasted by workers when moving from one task to another. But to the contrary, Karl Marx disapproves this idea arguing that job specialization could result to workers with more poor overall skills. This, as he says would be brought about by tendency of people to resist change. He also says that when people perform one task repeatedly, it may lead to boredom and make them less enthusiastic about their work. He describes this whole process as a kind of alienation. According to him, the more workers become specialized and do the same thing over and over, they later become totally alienated. Marx goes ahead to argue that division of labor brings with it spiritual depression to the workers. This means that the workers perform their duties feeling as if they are being forced other than doing out of their own will .This greatly lowers the morale of the workers and as a result lower their productivity. Physical tiredness or fatigue can be brought about by job specialization as Marx goes ahead to argue since they no longer feel like human beings but they feel more of machines. Contrary to the idea of Smith, Marx believes that fullness of production is very essential to human liberation goes on to say that he would accept the idea of a strict division of labor as a temporary necessary evil. These views can be said to be in total contrast to those expressed by Smith. Smith on his part believed that any business was a collection of inter related tasks that were aimed at solving a particular issue. So as to effectively do this, Smith argued that the workload should be divided into simple sets of tasks which could be done effectively by workers who were equipped with special skills for doing that particular job. It’s worthy noting that Smith, despite his advocating for division of labor, he does not advocate for achievement of labor division at all costs. It’s worthy noting that in contrast to Smith’s view which were only limited to functional domain only and were made up of activities that were direct in sequence as far as the manufacturing process is concerned, modern processes are very inclusive. It was as a result of his ideas that labor division was adopted. Today, we can clearly say that much of today’s practices in the job markets have bor rowed greatly from the ideas of Smith. In all organization, there is job specialization. This has led to the rise of departments in many organizations and each department is allocated certain workers who are in most cases equipped with certain skill to enable them perform specific duties .The sense in this whole exercise as argued by Smith is that it saves a great deal of time that could be wasted by employees when moving from one task to another. This proves very essential since no employer will want to waste his money employees without maximizing their productivity. However, it is good to note that Smith admits that seeking self interests is not always good. All he tried to do was trying to reverse believe that self interest is generally bad. He also intended to bring to the light the idea that wile human motives are selfish and greedy; the out come of these human behaviors would bring benefits to the whole community at large. This is the direct opposite of the ideas that Marx had .In his arguments; Marx says that the major struggles are always between the producers and those who work in the industries. Another of his greatest contribution to modern economics was his sharp distinction between the two types of division namely social and economic division of labor .If these two labor divisions are conflated, it might look as if labor division is inevitable rather than being constructed socially and influenced by power. (Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776) Karl Marx, The Poverty of Philosophy). References Edwin G. West, (1976)The Man and His Wor

Five Ways to Look Up

Five Ways to Look Up Five Ways to Look Up Five Ways to Look Up By Maeve Maddox ESL learners have a tough row to hoe when they set themselves to learn English idioms. Note: â€Å"to have a tough row to hoe† = â€Å"to have a difficult task to carry out.† For example, each of the following sentences contains the verb look and the word up, but each conveys a different thought: 1. It’s a surprise! Keep your head down and don’t look up. In this sentence, up functions as an adverb modifying the verb look. In this context, â€Å"to look up,† means, â€Å"to direct one’s gaze upward.† 2. Before you use an unfamiliar word, be sure to look up the meaning. Here, â€Å"to look up† is a phrasal verb with the meaning â€Å"to search for an item of information, or seek information concerning (a person or thing), in a book or database, on the Internet, etc.† 3. Many youngsters look up to professional athletes. In this context, â€Å"to look up to† is a phrasal verb meaning, â€Å"to have a great deal of respect for, to admire, venerate.† 4. While I’m in Chicago, I intend to look up my old college roommate. This colloquial use of â€Å"to look up† means â€Å"to visit or contact a person, especially for the first time or after loss of contact. 5. My financial planner assures me that the economy is about to look up. This idiom is most commonly used in the progressive tense: â€Å"Things are looking up.† The meaning is â€Å"improving, getting better.† From the verb â€Å"look up† (to seek information) comes the noun lookup, a computer term meaning â€Å"the action or process of looking something up in a database.† Lookup is also used as a qualifier: I often  use the Passage Lookup to compare English translations from the NIV, ESV, NASB, and NKJV.   The  lookup feature  allows you to quickly search your contact manager or PIM (personal information manager) for phone numbers to dial. On my iPad, the  lookup feature  isnt working right for certain entries. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:Grammar Test 1Is There a Reason â€Å"the Reason Why† Is Considered Wrong?Shore It Up

Understanding the Oppression of Women Research Paper

Understanding the Oppression of Women - Research Paper Example Understanding the Oppression of Women The situation of women in American society has progressed multi folds and is an ongoing process.Oppression of women is a topic that is talked about with passion by feminists but when we look at the history of oppression to women, we realize that it is quite a recent event. The woman was actually held in very high esteem as the mother of the clan and one who is responsible for building the clan. It is interesting to note that because of this quality, women were valued and considered too valuable to part with. Men leave their birth clans and get adopted by the clan of the women they choose to be with. This is quite complete contrast to modern society where it is the woman who leaves her family and takes on the man’s name. It is therefore arguable that the inequality came with the development of civilization, the growth of society, economic development and the onset of class distinctions in society. The superiority of man over woman came about around the fifteenth century as marr iage laws set in English society. The concept of one woman for one man resulted eventually in women becoming enslaved and segregated according to their childbearing abilities. The freedom to choose and father children out of wedlock was a prestige that was only given to the upper class. There was also a very distinct trend with regards to labour emerging from competition and extreme growth and demand for the economy. Until them women and men had enjoyed equal division of labour, apart from household chores, as the main source of income was agriculture. Their work places were not too far away or separated from their homes so women could take care of their children and household duties while contributing in the fields. However as the demand for industrial labour grew, women were relegated to low paying mundane tasks. Early in the century, the vast class segregation also brought in a different trend. Men were beginning to be seen as the breadwinners of the family and the one to support the household. The woman was regarded as valuable in her role in the house and her worth was based on the labour she could put in or the riches she brought with her as in the case of the richer class. This tradition continued till the nineteenth century. Women became housewives predominantly. This continuing trend of inequality between men and women in the work force took menacing proportions and women began to be oppressed more and more and lost their rightful place in society. Ancient Asian and African traditions still continue with patriarchal society trends and treat women as slaves and oppress them in marriage and in their own family. We hear about cases of sexual and emotional abuse by men to prove their dominion. Oppression to Women in the United States of America The United States of America, although considered a forward thinking western society has a history of oppression to women that still continues in its own subtle way. When we talk about this topic from Americaâ€⠄¢s perspective however we have to consider the history as seen in the various ethnic groups in the US. We will consider the two main ethnic groups and look at oppression based on them. We classify it as 1. Oppression of African American women 2. Oppression of white women Oppression of African American women The slave trade came to America in the early 1800s and brought many Africans along with it. They were treated as sex-slaves and bore many children out of wedlock to their white masters. They had little no place in society and continued subjugated lives. African women were employed to work in the fields and also as domestic help, which included taking care of the children of their white maste

International accounting Essay Example | Topics and Well Written Essays - 1750 words

International accounting - Essay Example Thus the exchange rates were under pressure heading to period leading to intense depreciation at the time of a steep fall in the global risk sentiments forcing RBI to interrupt so as to stabilize the unit of domestic currency. As for the foreign currency the Bank has entered into the contract of foreign currency derivative with its customers to lay them off on matched basis in the inter-bank market. The foreign currency hedging is made on the spreads on the customer transactions. The risk management body of the company undertakes hedging and the methods are thus used for assessing the effectiveness of hedging. The hedging taking place may be against a single liability or asset or a portfolio of the same (HDFC Bank Ltd., 2012, pp.110-124). Extent and Nature of Foreign Currency Exposure The Bank has entered into derivatives and foreign exchange deals after setting up counterparty credit limits on the basis of the counterparty’s ability to meet obligations in the event of foreign currency exposure. For such like endeavors the bank does not bear any market risks but only carries the credit risk associated with the counterparty. The Bank generally maintains a provision for the standard assets inclusive of the credit exposures on the basis of current market to market value of interest rate and gold and foreign exchange derivatives contract at stipulated level by the RBI from time to time. For the overseas branches of HDFC the provisions are maintained at a much higher level by the respective regulator of RBI. The effect of translation exposure of the company has resulted in translation reserve of the company amounting to Rs. 251,651,000 on 31st March, 2012. However, the treasury segment usually consists of the net interest earnings from the bank’s investment portfolio, money market lending and borrowing, losses or gains on the investment operation and on account of trading in derivatives contract and foreign exchange. The non-monetary as well as the mon etary foreign liabilities and assets of non integral foreign operations. These are then translated based on the rates of closing exchange notified by FEDAI related to the Balance Sheet date thereby resulting in profit or loss of the company that arises out of exchange differences which gets compiled in the Foreign Currency Translation Account till the disposal of the net investment in the non integral foreign operations (Raynor, 1999, p.156). Major risks of the business Since the intensification of the global financial crisis of 2008, risk related to the domestic growth of the company was a hindrance faced from the external environment of the company. The Bank also faces risk related to the Technology Risk Management of the company generally resulting in the cyber fraud. The other critical risks faced by the bank are the operational risk, credit risk and the market risk. Credit risk aroused from the non-payment of the loaned amount of the company whereas the market risk associated w ith the interest rate risk and the liquidity risk of the company. Th

Development of a Business Plan to Establish a Private Jet Charter Essay

Development of a Business Plan to Establish a Private Jet Charter - Essay Example The adoption of the hub and spoke system by commercial airlines requires most passengers to transit through one of some 70 large airports, adding to the total travel time for most passengers. Most major airline hubs are large and have air traffic congestion and connection times of over 2 hours are needed to provide for potential delays in the incoming flight and the transfer time including additional security screening. An additional issue with the hub and spoke system is the increased probability of mishandled baggage. Due to restrictions on the nature of carry-on bags, many business travelers need to check in tools, instruments and such material and if these do not make the transfer, the business trip itself may become abortive (Copley, 2012). There are over 5000 public use airports in the US that can be accessed by private air charter planes. The reduced travel time due to point-to-point connection, the convenience of flexible departure and turnaround times, the possibility of using flying time for work and the reducing cost differential between commercial plane tickets and air charter rates ( especially when a team of people are travelling together) is driving the growth of the air charter industry. There are over 2,000 registered private air charter companies in the US operating over 15,000 business aircraft with total revenues of over $ 12 billion a year. The overwhelming majority of these planes seat 4 to 8 passengers and have a maximum range of 1,000 miles. Private air charter companies transport between 1 and 1.5 million a year and these aircraft log over 18 billion revenue passenger miles. Contrary to the general impression, only some 3% of these are owned by large corporations (NBAA Fact Book, 2012). Most business aircraft are operated by small entrepreneurs and are typically operations with 1 -2 aircraft. The

Airasia Vision and Mission Statement Analysis

Airasia Vision and Mission Statement Analysis A vision is practically involves thinking strategically about the future direction of a company. In other words, the vision statement is like a road map leading the route to a company intends to take in developing and strengthening its business. Therefore, create a vision statement is really crucial for AirAsia. And the analysis of the current vision statement of AirAsia is including in the Appendix (Exhibit 1.0). After an evaluation of AirAsia original vision statement, the new vision statement will be revising into: To spearhead flight industry and to be the most recognized low-cost airline company that delivers the best flying experience in Asia. As we can see, the new vision statement that formed is still within its scope, AirAsia remain emphasizing that it wanted to be the largest low-cost airline company in the Asia. When the company grows larger, it will direct more people to recognize AirAsia easily, in other words it brings strong brand identity to the customers. Besides that, in the new vision statement AirAsia interpreted as becoming the leader in flight industry in Asia, and obviously the original vision statement of AirAsia does not including this. Furthermore, in the new vision statement states that AirAsia wants to delivers the best flying experience to the customers, in fact this is another new direction that AirAsia can look into as customers today are concern about the servic es more than the features that the company can provide. As mention earlier, developing a vision statement is a key to direct a company and to help secure the companys future. Conversely, a poor vision statement may mislead a company to the wrong direction. What AirAsia are accomplishing whenever developing a vision is actually expressive AirAsia expectations for its business. Although the new vision will not notify exactly how AirAsia are going to reach the entire destination, it does establish the course for its business planning. For example, being a leader in the industry is particularly new goals for AirAsia to achieve. AirAsia should consider come out with a unique selling proposition that competitors would not duplicate from like having a strong and large customers base, using the latest and advance technology that the competitors does not have, having the safest security aids and so on. In this point of view, AirAsia faced tougher strategic decisions on choosing technology option and so forth. Next, we can see that the new vision statement stated that AirAsia wanted to be the most recognized low-cost airline company in Asia. Being the most recognized low-cost airline company needed a lot of exposure to the public such as advertising, sponsoring and so on. In this case, AirAsia will require making careful strategic decision and actions on the publicity and the sponsorship. For example, if AirAsia does not constantly updating its publicity activities and does not coverage all the target market, then will reduced the customers base and hardly become most recognize Airline Company in Asia. Mission Statement Mission statement is used for defining current business activities, highlighting boundaries of current business. While the analysis of the current mission statement of AirAsia is includes in the Appendix (Exhibit 2.0). After an evaluation of AirAsia original vision statement, the new mission statement is written as: To bring full premier services to the customers yet offering the lowest flight cost. Hence, it fulfilled the now everyone can fly tagline correctly. Next is To have a productive and motivated workforce and build close relationship between employees and the top management. Lastly, is Updating and embracing the technology all the time to meet the goals of AirAsia that is reduced the cost to the lowest. The new mission statement that created to AirAsia is brief and memorable, in other words it is easy to understand by most of the target audience. Besides, it is state clearly the purpose of the particular mission that needed to accomplish in the short period of time. For example, in the new mission statement stated To bring full premier services to the customers yet offering the lowest flight cost has affected the AirAsia to increase the customer value and provide full premier services like the others competitors do. Increasing customer value is not easy as it requires strategic actions and planning by the management. The new mission statement has come out to have a productive and motivated workforce in AirAsia. This simply means that AirAsia needed to keep providing trainings and empower among the employees to make sure the work flow is carrying efficiently and productivity. While building well relationships between employees and top management can be done by organizing team building and applying good working policy to the AirAsia workforce. This mission statement helps guiding AirAsia for shaping its whole organization structure well and flat. In short, the new vision and mission statement that created truthfully can helps AirAsia to go further in the right track and help management to review it as a guideline in making decisions in the future. The analysis of new vision and mission statement do include in the Appendix (Exhibit 3.0 and Exhibit 4.0) AirAsias Resources Strengths and Competitive Capabilities AirAsias major resources are including financial, human, technological, physical, organizational resources and so forth. Those resources can be strength and competitive capabilities that makes the key success factors in the industry. Financial performance is the key to determine the strength or weakness of a company. According to the financial summary analysis in the case, it shows that in the end of 2005, AirAsia has actually earning of US$29.2 million and it is increased yearly. Besides that, AirAsias bank and cash balances are reported up to US$ 86.6 million. This indeed shows a good performance and strength of AirAsia because with the large amount of the bank and cash balances, AirAsia totally can generate internal funds to do any expansion in the future. With this strength as well, AirAsia can meet its key success factors easily in the industry. In fact to has a low-debt-ratio, AirAsia increased its financial strengths too. Next, are the human resources. Human resources refer to employees that working for the company. AirAsias are still capable to keep its employees motivated because AirAsia is extremely supportive and responsive in encouraging and listening to its employee all the time. This made the employees more productive and creative in performing their responsibility. Instead of offering high and attractive salary to its competitors, AirAsia recommend its own policy which are more motivated. For example, AirAsia offered a broad range of incentives that includes productivity and performance-based bonuses, shares and stocks option. In addition, AirAsia implement a sector pay policy rather than hourly pay scale for its pilots. This policy adopted to encourage pilot to enhance flight efficiencies by keeping flight and operating times to a minimum and to cover as much flight sectors as possible daily. All those hard work that AirAsia take not only helped in increase productivity buy also to further st rengthen employees relationships day by day. Moreover, highly skilled employees are also the source of capabilities that AirAsia has that is hardly to intimate by others competitors. Hence, human resources are one of AirAsia strength to match the key success factors. From the innovation resources and product development aspects, at this moment, AirAsia has managed to design its aircraft cabins and this brings to cost reduction to AirAsia. This innovative work helps in increasing AirAsia revenues as the innovation allows for quicker turnarounds between flights. AirAsia also have their own branded credit card and offers corporate travel services. The ability to innovate and come up with unique innovations to lower costs and increase revenues shows that AirAsia possesses substantial quality innovation resources that are valuable. Low cost airline tend to achieve the lowest possible price of the products and services same goes to AirAsia. AirAsia capabilities to reduce cost either fixed or distribution cost is the competitive weapon used in the industry. AirAsia successfully bargained low lease rates for its aircraft, low airport fees and low rates for its long term maintenance contract, allows AirAsia to relatively offer low-cost flights to the customers. This somewhat linked to the physical resources management that is one of the strength of AirAsia. Last but not least, the AirAsia strengths and competitive capabilities that matches the industry key success factors which is the advance and updating, is the technical resources. AirAsia was the first airline company in Asia who apply online-ticketing (e-ticketing) services to its customers. This implementation indirectly helped AirAsia to save up lots of cost, for example the printing cost. To further benefit the customers with technologies help, AirAsia make available for its customers to purchase the tickets at certain hypermarket by setting up a booth there as well as the post office. In short, AirAsia strength is also the capability to leverage on technologies and ahead of its competitors to increase sales and lower cost in the future.

I Wandered Lonely as a Cloud :: Literary Analysis, William Wordsworth

Nature is often a focal point for many author’s works, whether it is expressed through lyrics, short stories, or poetry. Authors are given a cornucopia of pictures and descriptions of nature’s splendor that they can reproduce through words. It is because of this that more often than not a reader is faced with multiple approaches and descriptions to the way nature is portrayed. Some authors tend to look at nature from a deeper and personal observation as in William Wordsworth’s â€Å"I Wandered Lonely as a Cloud†, while other authors tend to focus on a more religious beauty within nature as show in Gerard Manley Hopkins â€Å"Pied Beauty†, suggesting to the reader that while to each their own there is always a beauty to be found in nature and nature’s beauty can be uplifting for the human spirit both on a visual and spiritual level. Wordsworth and Hopkins both present the reader with a poem conveying the theme of nature. Nature in its variety be it from something as simple as streaked or multicolored skies, long fields and valleys, to things more complex like animals, are all gifts we take for granted. Some never realize the truth of what they are missing by keeping themselves indoors fixating on the loneliness and vacancy of their lives and not on what beauty currently surrounds them. Others tend to relate themselves more to the fact that these lovely gifts are from God and should be praised because of the way his gifts have uplifted our human spirit. Each writer gives us their own ideals as how to find and appreciate nature’s true gifts. In â€Å"I wandered Lonely as a Cloud,† William Wordsworth accomplishes his ideal of nature by using personification, alliteration, and simile within his poem to convey to the reader how nature’s beauty uplifts his spirits and takes him away from his boring daily routine. Wordsworth relates himself in solidarity to that of a cloud wandering alone, â€Å"I wandered lonely as a cloud† (line 1). Comparing the cloud and himself to that of a lonely human in low spirits of isolation, simultaneously the author compares the daffodils he comes across as he â€Å"floats on high o’er vales and hills† (line 2) to that of a crowd of people dancing (lines 3-6 and again in 12). Watching and admiring the dancing daffodils as he floats on by relating them to various beauties of

The key problem with its impact is that it is not timely

Mark Magnier’s article about the â€Å"crisis of trust† in China could have a more powerful impact.The key problem with its impact is that it is not timely – we have been dealing with fake, harmful Chinese products here in America for years, and we naturally expect that without the consumer protection laws that about here at home, consumers in China would be subject to even more terrible scams.  This should be viewed as an atrocity of the free market, one which America tamed long ago through consumer movements after we had learned our lesson during the unrestrained capitalism of the early 20th century.But the article lacks passion.   Although it is journalistically correct to end sentences in periods, this doesn’t mean that they shouldn’t have the impact of exclamation points.   Take, for example, the following sentence: â€Å"[l]and that farmers have tilled for generations can be seized on a moment’s notice in a system that doesn†™t recognize private property.†It bumbles awkwardly through a critical point and is stymied by a few too many prepositional phrases.   It leaves the reader unenraged about the fact that what our Founders considered a pillar of society – Property, next in line only to Life and Liberty – is totally absent from the world’s most populous country.The author of the article is unable to bring the points home.   The baby formula example could easily be reinforced by the image of a sickly Gerber baby, or the reminder that it is a product we have taken for granted for decades.   In an article like this one, connecting prominent American brands to the scandals taking place abroad – placing the reader in the shoes of the foreigner – would have left a much more lasting impression than the distant, dispassionate analysis offered here.And let’s not start on the hackneyed, irrelevant clichà © that the author leads with.

Free Essays on Plato’s Republic - The Three Great Analogies

Plato’s Republic - The Three Great Analogies The Allegory of the Cave, like most things in philosophy, can be interpreted in many different ways. It basically says that people are chained to the wall of a cave and they have nothing to look at but shadows on the wall that are provided by another. This is all that they know and have never been out of the cave. The main point of the Allegory of the Cave is to give an example of the way that we all live our lives. Except for a chosen few like Christ, Gandhi and maybe even Socrates, no one is really enlightened, or has seen what life is all about. The remainder of us see what we think is reality when actually it is the "shadows" of true reality. The Shadow makers represent the opinions makers, or the people that make us look at the world the way we do. An opinion maker can be anyone, a priest telling you how God wants you to live, ones parents teach them morals or the television. These shadows make us think that this is the way to live and that this is what is important in the world. As stated before, few can break the chains and escape the cave. When they do and find out what true reality is, most come back and want to spread the truth. In most cases these people are looked down upon for not conforming to the minds of others. Look at Christ, he was crucified for trying to teach as was Socrates. The main point of the Allegory is to illustrate the way in which we live and show how what we think is reality, are really just shadows. I seem to think there is another meaning to the Allegory of the Cave. I do believe while on Earth some do break their chains and escape the cave to see what reality is. I also believe that the rest of us break these chains in death. The Allegory says that it is painful to break the chains, and in most cases death is not pleasant. Once out of the chains what to do, where to go is the question. Only when the sunlight is spotted from the cave entrance does one... Free Essays on Plato’s Republic - The Three Great Analogies Free Essays on Plato’s Republic - The Three Great Analogies Plato’s Republic - The Three Great Analogies The Allegory of the Cave, like most things in philosophy, can be interpreted in many different ways. It basically says that people are chained to the wall of a cave and they have nothing to look at but shadows on the wall that are provided by another. This is all that they know and have never been out of the cave. The main point of the Allegory of the Cave is to give an example of the way that we all live our lives. Except for a chosen few like Christ, Gandhi and maybe even Socrates, no one is really enlightened, or has seen what life is all about. The remainder of us see what we think is reality when actually it is the "shadows" of true reality. The Shadow makers represent the opinions makers, or the people that make us look at the world the way we do. An opinion maker can be anyone, a priest telling you how God wants you to live, ones parents teach them morals or the television. These shadows make us think that this is the way to live and that this is what is important in the world. As stated before, few can break the chains and escape the cave. When they do and find out what true reality is, most come back and want to spread the truth. In most cases these people are looked down upon for not conforming to the minds of others. Look at Christ, he was crucified for trying to teach as was Socrates. The main point of the Allegory is to illustrate the way in which we live and show how what we think is reality, are really just shadows. I seem to think there is another meaning to the Allegory of the Cave. I do believe while on Earth some do break their chains and escape the cave to see what reality is. I also believe that the rest of us break these chains in death. The Allegory says that it is painful to break the chains, and in most cases death is not pleasant. Once out of the chains what to do, where to go is the question. Only when the sunlight is spotted from the cave entrance does one...

Environmental Ethics essays

Environmental Ethics essays The Ethical Basis for Ecosystem Management Ecosystem Management: The Human Dimension Establishing an environmental ethic is of utmost concern to the human species to better comprehend our place in the world and our potentials for the future. In doing so, we must extend our thinking of rights and responsibilities. I believe we must incorporate not only a temporal component, but also a spatial understanding of the world as an organic biotic community and how consumption is a part of the natural order. Aldo Leopold believes that conservation ethics must be rooted in a determination: "A thing is right when it tends to preserve the integrity, stability, and beauty of the biotic community. It is wrong when it tends otherwise." I would like to start with Leopold's statement, and further explore how the definitions of integrity, stability and beauty can be better understood given three corollary's: 1. All organic entities must consume to survive it is not only a right, but a responsibility 2. There are limited resources to be consumed by organic entities on the planet 3. The human species has the ability, through rational thought, to conserve ever-depleting resources Leopold's ethic attempts to extend what is of human, moral concern to include animals, ecosystems, and endangered species. How can this concern be expressed in today's society? I see one problem with this argument in that there is little discussion about power and influence that is inherent in current definitions of rights. Therefore, I will introduce the notion that organic entities, those that depend on the consumption of energy for survival, must retain the right to consume resources to survive. Notions of right and wrong now have no standing it is a fact that organic entities must consume to maintain life. I will turn to Callicott for some discussion of limits and to the Second Law of Thermodynamics as a moral decree to conservation. The r...

Euthanasia - Right or wrong Essay Example | Topics and Well Written Essays - 2500 words

Euthanasia - Right or wrong - Essay Example As keeping in mind that it is actually his own life which he wants to terminate. The other point that comes under ethics is that what should be the circumstances under which Euthanasia should be allowed. Euthanasia cannot be allowed in any normal circumstances but only when there is no other option left for the patient as well as the physician. Many people believe that the Euthanasia should no be allowed in any case. According to them there is a chance that it can be used as rivalry or might be used as a cover for murder. When see it closely there is very less difference in killing and letting someone die. Killing can be either giving a person any lethal injection and by letting someone die is to see any person who is about to die and do nothing for him or her. Euthanasia is said to be a pain relief. The doctor gives a lethal injection to the patient in order to relieve him or her from the pain and he never intended to kill him. This is known as Doctrine of Double Effect. It is sometimes known as â€Å"easy killing†. Normally people think that the only reason for asking Euthanasia is the unbearable pain and suffering but the recent research in USA and Netherlands proved that the less than a third of requests were because of severe and unbearable pain and suffering. If a person is in a condition of long illness and his or her personal life is severely damaged due to his illness and isolation. He may be having a worst relation with his or her spouse, children or friends. His may be in danger of loosing his job, in these circumstances, the only thing that attacked him is depression and fear. The fear of loosing his job, the fear of loosing his family, the fear of being deserted by his friends, fear to loose his control over his life and fear of loosing his dignity, he might imagine himself as a burden on his family and on earth, he might think of himself as a

Critically discuss how language differences between home and host Essay

Critically discuss how language differences between home and host country can influence MNCs entry mode strategy - Essay Example However, these language barriers can have different effects on different entry modes. The extent of MNCs exposure to language barrier will therefore depend on their entry mode. Moreover, there are various literature examining the effect of formal institutions and informal institutions (mainly language) on entry mode choice. Although the effect of language on entry mode choice is relatively understudied, there exist studies that examine the impact of language on some of the entry modes separately. The rising level of globalization has become of immense importance currently. More and more firms commence to look to foreign lands to increase their businesses as the globe becomes more and more interwoven. To manage such operations across foreign boundaries has become of the biggest issues for international firms today (Egger, 2012). The international economy has formulated a business framework which needs firms to look past the traditional reasoning of the home market, and commence instead observing at businesses from a foreign global view. The technique a firm venture from their market to new foreign markets geographically is of immense importance for how best the firm attains its goals with their various businesses. Small and average sized companies, which have taken their choice to internationalize, need to grow into foreign markets face the setback of deciding on the best structural framework. There are numerous factors, which encourage firms to commence their operations in foreign markets (Feely, 2003). The most common include the hope for economies of scale, the experience curve effects outcome from an expanded level of outputs, and the reality of the existence of markets which are beneficial in the international markets which is not present at home. It can be believed that the developing in dissemination of information, progress in travel conditions, decrease in tariff issues and others have