Compare Devices Essay Example | Topics and Well Written Essays - 500 words

Compare Devices - Essay Example This paper will compare Shakespeare’s poem titled, â€Å"Shall I compare thee to a summer’s day?† and Marvell’s poem titled, â€Å"To his coy mistress†. Marvell’s poem â€Å"To his coy mistress† depicts a male speaker addressing his mistress. The speaker speaks in reference to how much time he will spend loving the mistress and uses different ideas linked to time to convince the mistress that the relationship needs a deeper level of commitment. In a bid to achieve this purpose, Marvell made use of numerous devices to place emphasis on his theme. From the title of the poem, one can begin to understand the male speaker and the words that he utters to his mistress. Evidently, the term used â€Å"coy† implies that the mistress is reserved explaining why the speaker makes efforts to convince her. He makes use of imagery such as â€Å"vegetable love† to place emphasis on the kind of love he had for the mistress. This type of imagery brings about the idea that his love was fresh and blossoming and with a great capacity to grow. Moreover, he also uses an additional imagery â€Å"Times winged chariot† (Marv ell). In a real sense, time does not have a chariot to signal people. However, Marvell used this imagery to emphasize his fear that time would pass by too soon, leaving them without an opportunity for their love. On the other hand, Shakespeare wrote his highly influential poem â€Å"Shall I compare thee to summer’s day† which also depicts a male speaker addressing a woman. In this poem, the speaker places emphasis on the beauty and youth of the loved woman. Just like Marvell, Shakespeare was an expert in the use of imagery which he relied on in the development of the theme of love and praise to the woman. In references to the woman’s youth, he says, â€Å"But thy eternal summer shall not fade† (Shakespeare). This powerful imagery is used to illustrate the woman’s beauty and youth which are not subject to fading for

Effectiveness of Public Private Partnerships Cooperation Between Essay

Effectiveness of Public Private Partnerships Cooperation Between Business and The Government - Essay Example In such sort of relationship, there is a co-dependency of both the parties involved. The responsibility of government is of primal importance as it is solely the duty of government to provide the private sector with public services. Hence, governments are making use of such partnerships thereby getting massive financial benefits from public private partnerships. Apart from providing value for money, public private partnerships are also useful for providing newly formulated designs, advanced public services, and an excessively rapid process of construction. Some governments are facing alleged accusations of using public private partnership for political motives. It is a substantial fact that public private partnership function properly under the mutual affinity between the private and public sector thereby making pp services as non-privatized and non-nationalized services. In addition to it, such partnerships offer mutual dependency upon each other, which allows them to attain remarka ble results. The core issue related to public private partnership is budgeting for it entirely depends upon the financing of the private group. For instance, if finances and cost of the project are the responsibilities of the private sector, the government does not feel the necessity to take control of matters related to finance. However, when funds are un-available, government feels the need to meet the financial requirement by imposing public taxes. Trans-European Network for transport is proposed to alleviate problems related to financing in public private partnership. This network is constructed to meet the requirements of recession and inflation. As with the descending economical condition of many countries,...This paper outlines the growing importance of successful cooperation between public and private sector in form of public private partnerships in the world today. The well designed project not only helps the parties to stay committed to their work but it also offers them a scope of improvement than the previous project, the risk factors are reduced, reliability is higher and the efficiency of the project is also higher. One of the biggest advantage of public private partnership is that in case of any mishap or loss in the project; the expenses are shared by both the parties involved. The risks of bigger losses are minimized. Another significant advantage of these partnerships is achieved by the fact that it is essentially duty of the government to decide the user charges on which a normal person can use the infrastructure. Due to the current economic recession, the significance of public-private partnership has been increased as now governments are facing grave economical pressure and private-public partnership has become a strong medium to facilitate the building of infrastructure because the investors have been encouraged to invest in the building of infrastructure that may include hospitals, re-creational parks, educational institutions, etc. Apart from providing value for money, public private partnerships are also useful for providing newly formulated designs, advanced public services, and an excessively rapid process of construction. There are many forms of public private partnerships depending upon the business and finance controller of the project as sometimes it is solely in control of the public sector or in control of the private sector the other times.

Human Resource Management in Canada Essay Example for Free

Human Resource Management in Canada Essay The human resource department of any company plays a significant role to the advancement of its employees as well as the increase of the company’s profits and improvement of the manner of production. Although the process of hiring employees may appear to be a simple task, the execution thereof as well as the complications and intricacies involved in the process is not that easy to counter. The job of the human resource department, according to Dessler and Cole is two-fold. First the human resource is responsible for the handling of the hiring of employees. They assess the qualifications of the employees and determine if their skills and capabilities are suited for the job that they are applying for. It is essential that the human resource adequately match the capabilities and educational attainment of the applicant as this will benefit the company in the long run. Hiring employees who cannot deliver the expectations of the company from them will not only be problematic, it will also unjustly drain the resources of the company. Another role of the human resource is to employ individuals who will meet the strategic goals of the company. Going over the qualifications of an applicant is not enough in order to complete the task of hiring. There must be a suitable position for him and the placement of this individual to such position should be made not just because of pure discretion but also in order to meet the goals of the company. There should be human resource planning in order to anticipate the future needs and demands of the company. Without this process, it will be more difficult for companies to combat the different challenges that may hamper their path to success. Having strategic goals mean evaluating the available resources of the company and the needs thereof. This is important so as to avoid the creation of redundant positions and it will also allow the employees and the management to maximize their skills and resources respectively. There are several ways and means in order to plan for the human resource needs of a company. Among these ways are the quantitative techniques for forecasting and the two qualitative techniques which are utilized for forecasting demand. Aside from setting the strategic goals of the company, there is also a need for the human resource department to go through job analysis. Through the job analysis, the people from the human resources department of a company will investigate and collect data regarding the needs of the company. Dessler and Cole have indicated six steps in order to complete the process of job analysis and they are as follows: determining the information that will be assessed, collecting background information, selecting the positions as well as the jobs that will be analyzed, collecting the available data, reviewing the information which are collected with the superiors, and developing the specifications of the job as well as the job descriptions. After the creation of a plan, recruitment and the assessment of the qualifications of the applicant, the human resource department goes through reference checking. This is very essential as the process will spill relevant information about the applicant. Once the human resource is satisfied with the qualification and the information gathered about the applicant, the latter will go through a training period. This process will show whether or not the applicant is capable of meeting the expectations from him. Orientation follows after the hiring. Through the orientation process, the newly-hired employee become knowledgeable with the do’s and dont’s in the company and for them to be fully aware of the systems and procedures. The job however of the human resource does not end in the hiring of the employee. Just like a guardian, the human resource continuously oversees the performance of the employee. Such performance will be used as the basis of the employee is entitled to a promotion or to the assignment of different tasks. Overseeing the performance of the employee is not limited to his work productivity. Other factors such as work ethics and the way the employee deals with his superiors, subordinates and other co-employees will also be assessed. The information gathered in this process may be instrumental in deciding issues which may concern the employee in the future. In addition to the task of overseeing the employees, it is also the job of the human resource to determine the ways and means to motivate employees and improve their performance. Among these methods are the appraisal and giving of additional pay or benefits to those who have exhibited excellent performance. Coming up with effective incentive plans may increase the productivity of the employees and yield to the increase in profits that employers are looking for. In the creation of such plans, the interests and needs of the employees should be taken into consideration in order to attain the greater success rate. In order to determine what the employees desire, it is important that the human resource make an effort to establish good communication relations with them. Good communication as well as the imposition of proper and fair treatment may help the company in avoiding labor cases. The human resource should take an extra effort to make sure that the employees are short changed by the company or the other way around. The human resource should make sure that the employees’ rights are not being violated. The role that the human resource undertakes is very important to the advancement of the company since they handle all matters which concern the employeesthe life blood of every company. Without the human resource, the company may face great difficulties in attaining the progress that it desires.

Seven Steps to Project Planning Essay Example for Free

Seven Steps to Project Planning Essay Seven Steps of Project Planning April Willochell Project Management Every project is an opportunity to produce something new, to make a real difference. You can introduce change, increase productivity, enhance capabilities of your company or of a client or build new relationships. Seven steps are essential to success in organizations that simultaneously manage multiple initiatives. Effectiveness begins with good pre-project planning plus an understanding of what a project is and what can be at stake. Consistently following these seven key steps can directly improve a company’s operations, profitability and sanity. The first step is a setting goals phase. â€Å"During this stage the teams responsible for the project are assigned and a brief is provided containing information on what the project hopes to achieve and what approach will be taken to complete various actions required. Additionally, this stage usually leads to the appointed of a project manager and executive in charge who with the help of the team start to plan the next step. † (7 Steps, 2013) In this stage all stakeholders should state their needs and how they would like them to be fulfilled. Ultimately, this is the goal setting phase. The next step would be initiating the process. This means that a team would be assembled and the overall project is outlined to detailed specifications. This includes strategic planning, like how long the project will take, how many steps will take place, and what tools will be needed to execute the project. Deciding how the project will be controlled is the third step. This step is also called directing the project. This means that the organization that is controlling the project is defined. Also, all organizations within the company that will be involved are determined. This part of the planning process will determine who receives reports and makes final decisions in the planning process. â€Å"This step is about developing a Work Breakdown Structure (WBS) that identifies the low-level tasks and activities required for doing project work and producing the deliverables. The WBS is a critical piece of the project planning process because it defines how tasks will be structured and what dependencies will be created. It is also used for setting up urations, task assignments, resource requirements, and cost estimates. † (The Planning Process, 2013) The control stage is the fourth stage. â€Å"You must develop a project strategy that follows the mission and outlines the high-level actions for implementing the project objectives. You must develop a project strategy that follows the mission and outlines the high-level actions for implementing the project objectives. â⠂¬  (The Planning Process, 2013) This process will let the team know who will need to sign off for what processes in the project. This stage will also let the team know where potential problems may arise and if they do how they should be dealt with. This stage is very important in the planning process. The fifth stage of project planning is setting up boundaries for each stage of the project. This is basically setting up deadlines for each stage of the project. If a stage is not met, there also needs to be backup plan on how the plan will play out in this event. This stage also determines how each stage will close and the steps following that closing. â€Å"The penultimate stage is the management of product delivery. In this step the project manager works with team managers to ensure that a set of formal requirements are created for every piece of work contained in the project. Essentially if this is done correctly all of the work should be delivered on time and to a suitable standard. † (7 Steps, 2013) This sixth stage is to make sure that all paperwork is in order, the project and its product follow all regulations, and all parts are in working order. This is basically, a quality control stage. The seventh and final stage is the closing stage. This step is the risk management assessment part of the planning process. Project managers and their teams must identify all the risks in their project and discuss the alternatives. The plan will be reviewed, discussed, and any potential changes will be made. Once all seven steps are followed accurately a project plan should be planned perfectly and executed just as well. Resources 7 Steps to Project Planning. Retrieved on January 17, 2013 from http://EzineArticles. com/4767743 The Planning Process. Retrieved on January 18, 2013 from

Analysis of Agency Theory

Analysis of Agency Theory Agency theory is one of the most important concepts of the business areas especially financial economics. Because of its importance, this theory is included in most of the introductory chapters of the modern financial economics books and publications. It is commonly cited as one of the key areas for progress and improvement of the modern financial economics. Moreover, its assumptions provide wide explanations for crucial business areas such as: merger activities, dividend policies, capital structure, corporate restructuring, and executive compensations, etc Agency theory defines the company or the firm as â€Å"nexus of contracts† between different resource suppliers. It is centralized on two different parties: principal, who supply the capital, and the agent who manage the day to day operations for the firm. In other words, it is the relation between one who determines the work and another who does the work. For example, in corporations, principals are the shareholders who delegates work to the agent which is the manager in the company. Agency theory assumes that shareholders and managers are motivated by their self –interest, thus managers are likely to persist their self-interest goal that contradicts with the goals of the owner. However, agents are supposed to work for the self-interest of the principal. This conflict results with a cost called the agency cost. This cost represents the cost of supervising the behavior of the agents as well as the profit loss resulting from operating policies and restrictions on managem ent. Although the agency theory is controversial and contradictory, many scientist talked about this concept and explained its advantages and disadvantages on many business fields’ especially financial economics. Many scientist and scholars talked about the agency theory, and it is one of the most crucial theory in the economic and financial history fields. This theory was originated and created by two scholars, Stephen Ross and Barry Mitnick. Each one had a take a part of the agency theory and created. Economic wise, Stepeh Ross is the one responsible for the economic theory of agency, and financial wise, Barry Mitnick is responsible for the institutional theory of agency. These two scholars used the same concepts but under different assumption. Everyone introduced the theory in his own way or thinking. Ross introduces the agency theory from the side of problems of compensation relation and as an incentive problem. On the other side, Mitnick introduced how the institutions should evolve to deal with deficiencies that is created by the agency relationships. According to Mitnick, â€Å"Behavior never occurs as it is preferred by the principal because it does not pay to make it perfect.† This is the main problem that Mitnick suggest as a deficiency of the agency relationship and he suggested that the society created rules and policies that help the companies to attend these imperfections, managing to deal with them, and adapting to them. Therefore, in order to understand the agency, people need both sides to see the incentive side as well as the organizational structure. However, this theory did not accurately defined properly and introduced to the world until the initiation of Jensen and Meckling articles in 1976. Jensen and Meckling introduces the agency theory as a relationship problem that arises between the owner of the resources and the one who is managing those resources. More general speaking, a conflict can arise between one who owns the capital and the one who is controlling the day to day operation since every party has his own interest that wants to be achieved and those interests can be contradictory. According to Jensen and Meckling, â€Å"Agency cos t arise from the conflict of interest between a principal and an agent.† For example, when managers, who are responsible for decisions that impact the operation of the firm, are not the primary beneficiary of the firm net assets, and do not accept any effect regarding his or her decisions. Moreover, the agency cost is divided into three type of cost: structuring cost, monitoring cost, and bonding cost. Structuring cost is the cost that a firm should take it when manufacturing any product or service such as transaction cost, suck cost, and fixed cost. It is the fixed cost divided by the variable cost. Monitoring cost is watching and supervising the recording of cost daily, weekly, monthly, and yearly. It is very important for the owner to have mangers that allocate the proper time to the proper work and minimize cost as much possible. Due to this problem, Jensen offers many solutions to save the firm from this problem. Setting the use of contract is a cost that the firm should use in order to align the actions of the mangers with the actions of the owner. As Jensen (1994) suggests, â€Å"Managerial decisions designed to strengthen organizations often meet with opposition from colleagues, employees†¦ providing managers with incentives to compromise their decisions.† In other words, the best way to insure that the decisions are not conflicting is to ensure that the trade-off that mangers face are pushing them to take the correct decisions. Therefore, the goal of the agent should increase the firm wealth that lead to increase the performance and market price. Moreover, in order the manager to increase value of the firm, the owner should create compensation plan that trigger the agent to spend his or her efforts or works to maximize the firm profits and productivity. According to the agency theory, the shareholder should have the sense that offering a compensation package to the agents can reduce the agency cost which means that interest of the two parties will be in the interest of the firm as whole, and the two parties will be one team working to maximize the value and the wealth of the organization. The agency theory creates many obligations that shareholders must take into consideration in order to save their firm. The agency cost is one of these assumption that is created in order to show the types of expenses that the firm should spend. It is divided into three types: expenditures to monitor managerial activities such as audit cost. Nowadays, auditing becomes one of the most important business issues that every organization especially the banking sector should apply. For example, due the agency problem, the Lebanese central bank oblige all the banking sector to have two independent big four auditors in order to assure all the financial information that is created by the managers. The second cost is the cost of structuring the organization such as appointing outside members to the board of directors or reengineering the organizational chart in the firm. To have a well design organization charts in a firm is very effective since it helps to allocate the jobs in a way that can m aximize efficiency and get rid of relation problems. The third cost is the opportunity cost that is created by the owner such as voting in specific issues and limit the ability of the managers regarding the actions that advance the shareholder wealth. For this purpose, many mechanism are introduced to the business world that can minimize those costs and solve the agency problems. First, compensation plan can be applied for the mangers such owning a stock in the firm and stock price changes. In this case, managers I obliged to work efficiently for the sake to increase the financial wealth to increase his or her stock value. Another extreme, is to have in the firm stockholders that have a theory X management style which means that they will manage each step or decision that is taken by the managers, but this would be costly and inefficient. The best solution to have a compensation that is based on performance and some monitoring should be undertaken. Moreover, the owner can create a s ense for managers that if they make any wrong decision that affect the firm negatively, they will be fired or replaced by another manager. However, this solution is somehow risky in a case that creates problems in the workplace. For example, many publicly traded companies are creating shares based on performance levels which are shared given for the mangers based on performance which are explained by many financial measures such as earing per share, return on assets, and return on equity etc†¦ If the performance is below the level, the shares will be less than 100 percent. These incentives are created for two main goals. First, they offer executives to take action that will increase shareholder wealth. Second, these types of plans help the firm to retrain managers that can have confidence to risk their financial wealth based on their abilities which can lead to better performance.

Caesars Speech in Julius Caesar -- William Shakespeare

The Irrefutable Man The Shakespearean play Julius Caesar, tells the behind the scenes story of the conspirators plan to kill the influential ruler, Caesar. In the play Caesar makes a speech referring to himself and describes his method of ruling Rome while comparing himself to the North Star. Prior to the speech the conspirators have come to the Senate to convince Caesar to forgive and restore Cimber after his banishment. But Caesar responds with this speech about him being persistent about his decisions. The speech that Caesar makes about himself can be considered an Epideictic or a Forensic speech, for the reason that he commends himself while creating an opinion of his past actions. This excerpt from the play leads up to the devious conspirators plan unfolding and the upsetting death of Caesar. Rhetoric is used throughout the speech in order to manipulate and convey how invincible Caesar is as well as express the overall theme of the play, be means of delivery, disposition, and style. Delivery is used to persuade others by the way the speech is performed. It can be presented in ways such as tone, voice, emotion, and volume in order to convince the audience where he stands. An example of Caesar praising himself by using a tone change to make sure the attention is on him is, â€Å"I could be well moved if I were as you, If I could pray to move, prayers would move,† here he is saying that if he were in the Senate’s situation that he could easily be persuaded by Caesar’s oration, which gets the attention of the Senate and gives Caesar the floor (3,1,58 & 59). While Caesar says these lines it creates a picture in my mind of Caesar gesturing toward himself and the pride he has in his voice. Another example of Caesar’s delivery of thi... ...ler star, which represents the commoners of Rome, with one larger star that represents Caesar. Using figurative language and imagery in speeches adds to the excitement of the scene, and in this case, the theme of the play, being fate vs. free will. With this speech, Caesar seals his fate. After disregarding three separate warnings that his life would be in danger and he still goes to the Senate that day, Caesar sits surrounded by the noblemen and denies their request to revoke the banishment of Cimber. He denies fate and believes that his free will is enough to save him. His ego and self-importance grows stronger by the word, as he compares himself to the brightest star in the sky. He is stabbed to death by men who, until they were convinced otherwise, had been loyal to Rome and Caesar. By the end of the play, Caesar’s supercilious opinion of himself proves true.

E-Commerce In Latin America Essay -- Consumer Markets Business Essays

E-Commerce In Latin America Where Is It Now, Where Is It Going, Who Is Taking It There? In recent years, the media has made much of the growing consumer markets in Latin America. North Americans have to come to understand that much of the health of the U.S. economy is tied to the economic well-being of Latin countries such as Brazil and Mexico. Yet even with our awareness of the market size of our neighbors and awareness of our increasing interdependence, most North Americans consider the emerging Latin American markets to be underdeveloped, backwards, comprised of technologically unprepared people. How accurate is this conception, and specifically, what is the status of the Latin American market for e-commerce? In order to understand any market for the first time, one must answer several basic questions: How large is the market? How fast is it growing? What are the buying patterns in the market? How might they change? When will the market â€Å"take off?† What is blocking or helping market growth? Who is already in the marketplace? Who is likely to enter? This paper outlines the answers to these initial questions, and makes the case that North Americans need to pay attention to emerging Latin ecommerce markets- whether as advertisers, consumers, or trendwatchers. Market Size and Growth Rate As recently as August 1999, the Boston Consulting Group stated that on-line retailing in Latin America will reach $77 million in 1999. This figure represents web sales earned by Latin American based e-tailers. The same report states that an additional $90 million in revenues will be earned by U.S.-based online merchants this year. This results in a total of $167 million in domestic and international ecommerce r... ...n America, I will continue to follow these related trends with increased interest. [1] Emarketer, August 2, 1999, www.emarketer.com/estats/080299_beg.html. [2] Emarketer, June 28, 1999, Is Latin American eCommerce Ready to Take Off?, www.emarketer.com/estats/062899_latam.html. [3] Ibid. [4] eMarketer, Latin American Retail Ecommerce to Reach $160 Million, August 2, 1999, www.emarketer.com/estats/080299_beg.html. [5] Ibid. [6] eMarketer, March 22, 1999, Latin America Gets Fired Up for EC, www.emarketer.com/estats/032299_latin.html. [7] Emarketer, â€Å"Telephone Costs Holding Back Access In Latin America,† September 28, 1998, www.emarketer.com. [8] Ibid. [9] Emarketer, â€Å"UOL,† October 1999, www.emarketer.com. [10] Ibid. [11] â€Å"Building the First Web Brand in Latin America,† From metasearch using keyword â€Å"StarMedia.† [12] Ibid. E-Commerce In Latin America Essay -- Consumer Markets Business Essays E-Commerce In Latin America Where Is It Now, Where Is It Going, Who Is Taking It There? In recent years, the media has made much of the growing consumer markets in Latin America. North Americans have to come to understand that much of the health of the U.S. economy is tied to the economic well-being of Latin countries such as Brazil and Mexico. Yet even with our awareness of the market size of our neighbors and awareness of our increasing interdependence, most North Americans consider the emerging Latin American markets to be underdeveloped, backwards, comprised of technologically unprepared people. How accurate is this conception, and specifically, what is the status of the Latin American market for e-commerce? In order to understand any market for the first time, one must answer several basic questions: How large is the market? How fast is it growing? What are the buying patterns in the market? How might they change? When will the market â€Å"take off?† What is blocking or helping market growth? Who is already in the marketplace? Who is likely to enter? This paper outlines the answers to these initial questions, and makes the case that North Americans need to pay attention to emerging Latin ecommerce markets- whether as advertisers, consumers, or trendwatchers. Market Size and Growth Rate As recently as August 1999, the Boston Consulting Group stated that on-line retailing in Latin America will reach $77 million in 1999. This figure represents web sales earned by Latin American based e-tailers. The same report states that an additional $90 million in revenues will be earned by U.S.-based online merchants this year. This results in a total of $167 million in domestic and international ecommerce r... ...n America, I will continue to follow these related trends with increased interest. [1] Emarketer, August 2, 1999, www.emarketer.com/estats/080299_beg.html. [2] Emarketer, June 28, 1999, Is Latin American eCommerce Ready to Take Off?, www.emarketer.com/estats/062899_latam.html. [3] Ibid. [4] eMarketer, Latin American Retail Ecommerce to Reach $160 Million, August 2, 1999, www.emarketer.com/estats/080299_beg.html. [5] Ibid. [6] eMarketer, March 22, 1999, Latin America Gets Fired Up for EC, www.emarketer.com/estats/032299_latin.html. [7] Emarketer, â€Å"Telephone Costs Holding Back Access In Latin America,† September 28, 1998, www.emarketer.com. [8] Ibid. [9] Emarketer, â€Å"UOL,† October 1999, www.emarketer.com. [10] Ibid. [11] â€Å"Building the First Web Brand in Latin America,† From metasearch using keyword â€Å"StarMedia.† [12] Ibid.