The article overview

The article overview Sobek, II, D.K., Liker, J.K. Ward, A.C. (1998). Another look at how Toyota integrates product development. Harvard Business Review, 76(4), 36-49.Advertising We will write a custom essay sample on The article overview – Another look at how Toyota integrates product development specifically for you for only $16.05 $11/page Learn More The present article deals with peculiarities of product development in Toyota. Sobek et al. (1998) also compares Toyota’s strategies with strategies used at US companies. The authors reveal the most effective strategies that can be used to improve the process of product development. Sobek et al. (1998) claim that Toyota combines functional and project-based structures. At that, Toyota manages to create the necessary balance which is beneficial for the process of product development. Thus, the authors argue that engineers in Toyota work in certain groups on different projects without ignoring their primary functions. Sobek et al. (1998) state that the secret of their success lies in proper communication. Thus, the groups use written and oral communication. Again, Toyota has created the balance between two forms of communication. The authors also note that one of the advantages of strategies used by Toyota is precise supervision. One of the greatest achievements of the company, in the author’s opinion, is a specific type of supervision. Thus, chief engineers encourage engineers to find solutions rather than simply provide their strict instructions. Importantly, chief engineers at Toyota do not have much control over engineers, i.e. they cannot simply reject this or that solution, though they have a great authority so their opinion matters. This leads to effective communication between supervisors and engineers. Moreover, chief engineers do not stop developing their technical expertise, so their authority is sound. Another advantage of strategies used in Toyota is the use of flexible standards. Thus, the company has particular standards which enable every engineer to check whether everything is done right. However, the checklists are often up-dated which makes the standards always up-to-date. Besides, Sobek et al. (1998) note that the company pays much attention to consumer’s needs. Thus, the company’s employees have to sell cars for some time to acknowledge what consumers may need.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Finally, the authors also conclude that the strategies used at Toyota can be effective for this company only, in other words, these strategies can be inapplicable for other settings. Nonetheless, the researchers also note that some techniques can be effectively used by US car manufacturers. Key points One of the major findings of the article is that many of strategies used at Toyota can be used at US companies. The researchers compare Toyota’ strategies and techniques used at American companies. The authors reveal advantages of strategies used at Toyota. For instance, the authors point out that communication between project groups is essential in the process of product development. The authors note that Toyota incorporates written and oral communication really effectively. Thus, engineers work out really precise reports where major issues and recommendations are highlighted. The reports are distributed among people involved. If the issue is two complex, a meeting is arranged, where the issue is discussed in detail. Admittedly, this is very effective as engineers do not waste their time during long meetings. They come prepared for an effective discussion as they have learnt major points from the reports. Notably, the reports designed are highly standardized and really brief, so engineers do not spend much time over these reports as well, but these reports highlight the most meaningf ul information. One more point discussed is supervision at Toyota. The authors portray a very interesting approach. Thus, supervisors do not simply control, as the â€Å"chief engineer has no formal authority over them [his subordinates], so he must â€Å"persuade† them to help him realize his vision for the vehicle† (Sobek et al., 1998, p. 42). Thus, the supervisors do not restrict creativity of their subordinates, but encourages them to work out new solutions. Admittedly, this approach enables the engineers come up with lots of fresh solutions. More importantly, supervisors at Toyota never stop self-developing.Advertising We will write a custom essay sample on The article overview – Another look at how Toyota integrates product development specifically for you for only $16.05 $11/page Learn More Unlike US colleagues, who stop developing their technical expertise when they occupy managerial position, supervisors at Toyota do not st op acquiring knowledge in the field of technological development. Finally, now many American companies do not have particular standards as they claim that technology develops too fast, so standards become outdated soon. However, at Toyota there are checklists which enable the engineers make sure they do not miss anything. Of course, these checklists highlight the most important points. These checklists are updated all the time so they are never out-of-date. Admittedly, this strategy helps engineers to ensure high quality of their products. Follow-on research It is necessary to point out that successful techniques and strategies used at Toyota have inspired many companies to change their ways. Many researchers also paid much attention to the development of particular strategies that can be applicable at American companies. For example, Emiliani (2008) focuses on the concept of â€Å"standardized work† which can help executives improve their leadership (p. 24). Thus, the resear cher highlights the most typical errors made by leaders. The author also suggests ways to eliminate these errors. Just like Sobek et al. (1998), Emiliany (2008) claims that standardized work can help companies improve the process of product development if the standards are always up-to-date. Another interesting work dwells upon Lean Product Development (Radeka Sutton, 2007). Thus, Radeka and Sutton (2007) point out that when developing new products, it is essential to pay attention to communication between the groups involved, expertise of executives and consumers’ needs. These three areas are essential for effective product development.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is possible to state that the three articles reveal effective strategies to use when developing new products. The articles also highlight successful experience of Toyota which uses strategies which have already become applicable for many companies in different settings. Applications The present article provides valuable insights into the process of product development. Thus, companies can improve this process incorporating successful experience of Toyota. Thus, communication is one of the major problems that companies face. The article verifies that it is possible to balance oral and written communication. Thus, the companies can use Toyota’s successful experience to reduce the number of face-to-face meetings (and reduce the meetings’ duration) to more effectively manage their time. Brief reports can improve effectiveness of meetings as participants will be prepared and will remain focused on the major issues. Another important issue to take into account is proper s upervision. Thus, it is essential to make sure supervisors are experts in their fields. This will enable executives of the companies to make the right decisions as they will be sure that supervisors are able to see the complete picture. In fact, the article highlights several major points to pay attention to while developing new products. Every executive can work out specific strategy for his/her company to improve the process of product development on the basis of the information provided in the article. Reference List Emiliani, M.L. (2008). Standardized work for executive leadership. Leadership Organization Development Journal, 29(1), 24-46. Radeka, K. Sutton, T. (2007). What is â€Å"lean† about product development? PDMA Visions Magazine, 31(2), 11-15. Sobek, II, D.K., Liker, J.K. Ward, A.C. (1998). Another look at how Toyota integrates product development. Harvard Business Review, 76(4), 36-49. This essay on The article overview – Another look at how Toyota integrates product development was written and submitted by user Alessandra O. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Khmer Rouge essays

Khmer Rouge essays On April 17th, 1975, The Khmer Rouge (a communist group led by Pol Pot), took over power in Phnom Penh, the capital of Cambodia. They forced all of the villagers into the countryside to labor camps. During Pol Pots reign there are an estimated 2 million dead because of starvation, torture or execution. Pol Pot declared the year to be zero. He began a radical program to create an idealized agrarian communist society. He crushed all social institutions like banking, religion, all stores, hospitals and schools. Intellectuals and anyone else seen as standing in the way of their new social order was killed on the spot, and from the many who did escape execution usually died from overwork and starvation. Everyone had to work anywhere from 12-14 hours a day, 7 days a week. Children were seperated from their parents to work in either mobile groups or as soldiers. All of the people were only fed one watery bowl of soup with a little bit of rice in it. The Khmer Rouge killed people if they did not like them, if the they did not work hard enough according to their standards , if they were educated, if they came from a different ethnic group or if they showed any kind of sympathy when they were taken away from their family, or if their family was taken away from them to be killed. All th e people had to pledge allegiance to Angka, (the Khmer Rouge Government). Their campaign was based on proposing total fear and keeping the people of Cambodia off balance. Once the Vietnamese invaded and released the Cambodian people 600,000 of them went to Thailand border camps. Ten million land mines were left in the ground though, one for every person of Cambodia. The United Nations then installed the largest peacekeeping mission in the world in Cambodia to make sure there were fair elections. Cambodia was ruined by the Khmer Rouge years. Pol Pot really did turn it back into year zero, and up to ...

Academic Paper Review Assignment Example | Topics and Well Written Essays - 500 words

Academic Paper Review - Assignment Example In addition, consumers can also purchase these commodities by using online transactions. This paper will look on the various security issues relating to e-commerce system (Al-Slamy, 2008). Apart from hardware or physical damages threats, e-commerce system is seriously influenced by the perils associated with its software and technical mechanism. The software and technical mechanism rely on three security components. The security concept entails three vital components including availability, integrity and confidentiality (McKegney & Khusial, 2005). Authorized individuals are permitted to access the highly confidential data and information connected to consumers. Leaking this confidential information to an unauthorized individual is breaching confidentiality. Data integrity is safeguarded by preserving the precise information contained in it even though the integrity may be violated by adding more payment demands in statements and bills (Gollmann, 2000). Availability makes sure that access to resources is safe and incase of any delays, availability may be influenced negatively. The main security features of e-commerce system include authorization, auditing, authentication and encryption. Encryption is created in enhancing maximum security measures by preserving private information (McKegney & Khusial, 2005). It prevents unauthorized individuals from accessing financial transactions occurring on the internet. Authentication is the act of making sure that a user retrieving information from the system is the same one and prevents unauthorized users from the log in. Another security feature is auditing. It is used by businesses in keeping online transaction records. This information is used by companies in proving the validity of transactions. In addition, authorization is taking command over personal resources found online and manipulating them through an exact mechanism. This

Organizational Design Analysis Essay Example | Topics and Well Written Essays - 1000 words

Organizational Design Analysis - Essay Example From over 100 manufacturers for customers to choose from, Rock Auto is able to ship thousands of auto parts to every continent in the world, with the exception of APO/FPO addresses and Antarctica. Rock Auto is able to position themselves high above their competitors, by offering auto parts and applications for car models from the 1940’s to the newest models of cars. They also built their database using data obtained directly from the manufacturers, giving flexibility and variety to all customers. I had the opportunity to interview four employees: Senior level; Jim Taylor (President), Sandra Taylor (VP Customer Service) Midlevel; Serena Johnson (HR Manager), Lower level; Nicole Evans (CSR). As with any other business, they are in business to bring in a profit and fulfill the needs of customers searching for auto parts.   They are able to bring in high profits, due to the fact, they hold no inventory, and all merchandise is sent directly to the customer from one of their contr acted distributors. Rock Autos organizational philosophy stems from providing exceptional customer service, where responsiveness to the customer is a top priority. Their strategy has a long-term focus to earn customers trust and respecting customer’s time, maintaining a strict and high standard of excellence and no nonsense policy for all employees to adhere too. Rock Auto is a small organization with less than 100 employees. There are currently 97 employees total. Thirty-five are full-time, including senior management and 62 are part-time employees all mid to lower level. The CSR’s, manufacturers and its technology are the most important components to the company and its environment. The number of important components is large in relation to the company in its entirety. In regards to the technology and manufacturers, they can change very slowly as we have been working with some of the same manufacturers since our opening in 1999. Serena Johnson stated that their techn ology has not changed much as they use the internet, email and soft pads for all correspondence between their customers, shippers, distributors and manufacturers, we may upgrade to a higher level of internet speed, to ensure accuracy and efficiency. The company’s dominant technology is the computer systems and the internet. Jim Taylor stated, â€Å"We use email and e-commerce to transform our inputs, which would allow the customer to place an order, via email, our website or call one of our CRS’s. Once the order is placed, the CSR confirms the parts are available and our distributors ship the orders (outputs) to the customers.† All of the four agreed that they would characterize Rock Autos’ environment as certain. As all the information, from the results and alternatives in regards to decision making, is always made available to all employees. Two of the three interviewed stated that the company is flexible to respond to environmental changes and have bee n doing a great job. The other two seem to feel that the company is too rigid, in relation to its application of rules and procedures with the CSRs. The CRS are supposed to have ability for daily decision making related to their jobs, such as choice of schedule, vacation time, and sick leave and in relation to decisions concerning customers, such as credits, refunds and returns. Even though, Rock Auto provides a â€Å"trust system† in regards to employee time sheets, prior to receiving a paycheck, HR, will go over each time

Persepolis by Marjane Satrapi Essay Example | Topics and Well Written Essays - 2250 words

Persepolis by Marjane Satrapi - Essay Example Satrapi's focus is on her life from when she was eight to fourteen, covering this time period with the historical concepts in the background. She begins with a powerful idea; a school photo, and this photograph demonstrates many young girls in their veils. These girls would usually remove these holy veils to play on play breaks (Book Review). The author is finally able to leave the mess of the war, with her parents seeing her off at an airport, so that she can head to the safety of a school in Austria. However, the war did affect her for the rest of her life, and through adulthood we see the scars that are attributed to this experience. From the beginning to the end of her experience in Iran, the author's young life is veiled with the feelings of the oppressive, war-like life in Iran. (Book Review). It becomes quite apparent that like her own parents, many of the young children of this time were encouraged to leave the country in order to find safety. The country was in such an uphea val that even young, promising children of the next generation were not safe. Therefore, this had a profound effect on the author's life, and this effect would change her life forever. Growing up with a war at her doorstep, the author had to consider on a day to day basis how to survive, and had to also worry about her parents' survival. The emotional descriptions present in the book leave readers with a very strong sense of emotion in themselves. For example, I was quite affected by the knowledge that such a young child had to quickly grow up in order to understand the issues around her. Many of the terrible things Satrapi witnessed should never have to be witnessed by a young child. As a reader, I experienced a strong sense of a lost innocence, destroyed because of a war that the child did not necessarily understand. This certainly makes me, as a reader, feel sympathy and sadness toward the author, and this feeling continues for the narrator throughout the novel. The emotions are continually conjured up in the readers as the novel progresses. The book is presented in a very simple way, as small details are introduced to reflect on powerful concepts of emotion in the novel. By doing this, Satrapi shows how much the little things can matter, and how the slightest action can demonstrate a type of emotion (Book Review). The emotions present in all the characters, as they are all affected by the war going on in the background, is very obvious throughout the book. However, it takes some skill to be able to learn to read these small, simple, signs; as for many of us in secure western countries, we do not always see this kind of response in the individuals that surround us. Satrapi herself, as a young child during this time, often depicts the emotions of astonishment and confusion. She is chronically bewildered at having to wear a veil at only ten years old. She also becomes confused upon seeing the picture with her Uncle's former wife's head defam ed (Book Review). She is further confused by the notions of justice and God (Book Review). Because the war was going on for so long in the background of her life, it must have seemed to her that God was unjust, and this would have greatly confused a young girl. She has to deal with the change all around her demonstrated in politics, and it was noticeably difficult for a young girl to understand the

Different Perspectives for Risk Management

Different Perspectives for Risk Management 1 Purpose Risk this is defined as the combination of the probability of an event and its consequences. In all types of undertaking, there is the potential for events and consequences that constitute opportunities for benefit (upside) or threats to success (downside). Risk Management is increasingly recognised as being concerned with both positive and negative aspects of risk. Therefore this policy considers risk from both perspectives. Risk management is a central part of the B W Plant Hire and Sales Ltd strategic management. It is the process whereby we methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities. The focus of good risk management is the identification and treatment of these risks. Its objective is to add maximum sustainable value to all the activities of the organisation. It marshals the understanding of the potential upside and downside of all those factors which can affect the organisation. It increases the probability of success, and reduces both the probability of failure and the uncertainty of achieving our overall objectives. 2 Process The risks facing an organisation and its operations can result from factors both external and internal to the organisation. Risk identification is the process whereby B W Plant Hire and Sales Ltd sets out to identify its exposure to uncertainty. Risk identification is approached in a methodical way as part of the annual strategic review process to ensure that all significant activities within the organisation have been identified and all the risks flowing from these activities also defined. All associated volatility related to these activities is identified and categorised. Business activities and decisions are classified as: Strategic These concern the long-term strategic objectives of the organisation. They can be affected by such areas as capital availability, sovereign and political risks, legal and regulatory changes, reputation and changes in the physical environment. Operational These concern the day-today issues that the organisation is confronted with as it strives to deliver its strategic objectives. Financial These concern the effective management and control of the finances of the organisation and the effects of external factors such as availability of credit, foreign exchange rates, interest rate movement and other market exposures. Knowledge Based These concern the effective management and control of the knowledge resources, the production, protection and communication thereof. External factors might include the unauthorised use or abuse of intellectual property, area power failures, and competitive technology. Internal factors might be system malfunction or loss of key staff. Compliance These concern such issues as health safety, environmental, trade descriptions, consumer protection, data protection, employment practices and regulatory issues. As part of the annual strategic review each identified risk is described in a structured format is necessary to ensure a comprehensive risk identification, description and assessment process. Risk estimation is assessed as high, medium or low using the guidelines shown in the tables below. Risk identification Categorisation 1. Name of Risk 2. Impact of Risk Qualitative description of the events, their size, type number and dependencies 3. Quantification of Risk Probability and Significance 4. Potential Action for Improvement Recommendations to reduce risk Risk Consequences Threats and Opportunities High: Financial impact on the organisation is likely to exceed  £250,000 Significant impact on the organisations strategy or operational activities Significant stakeholder concern Medium Financial impact on the organisation likely to be between  £150,000 and  £350,000 Moderate impact on the organisations strategy or operational activities Moderate stakeholder concern Low Financial impact on the organisation likely to be less that  £150,000 Low impact on the organisations strategy or operational activities Low stakeholder concern

The Ballad Essay -- Literature History

This essay is about the Ballad, contrasting how the ballad went from an oral tradition to the ballad form known today. The Ballad can be any narrative song, but in technical terms a ballad is a specific literary form. The word ballad comes from the Latin and Italian word â€Å"ballare,† meaning â€Å"to dance†. Collins, (1985). The second word translation of â€Å"ballade† comes from the French language and means "dancing song". Oxford, (1995). Therefore a ballad is a song that tells a story, and was originally a musical accompaniment to a dance. Ballads are very old and were handed down orally through generation to generation before they began to be written down. Because of this, most of the surviving ballads have been greatly adapted as they were passed around. However, traditional ballads do share some features. The ballad is a narrative poem of popular origin usually very long, epic in style. The language is simple and is not sentimental. The poem can be about a relationship or an experience, good, bad, triumphant, or tragic, set to music. Hubbell (1923). Ch 235. Furthermore the structure and tone is made up of verses of four lines, with a rhyming pattern, repartition is often found in the ballad, entire stanzas can be repeated, like a chorus, or a repeated with certain words changed. The verse form, sometimes called the "ballad metre†. A question and answer can be built into the stanza and there is a lot of dialogue, with the action often described in the first person. Two characters can talk to one another in alternating lines or stanzas. Hubbell, (1923).ch,235. The core structure for a ballad is a quatrain, written with either a-b-c-b, or a-b-a-b rhyme scheme. "a" stands for one line ending, "b" for another, and "c" for another s... .... 3rd Ed. The Norton Anthology of Poetry. W.W. Norton & company Ltd. London. Bell, R. Ed. (1996). Ancient Poems, Ballads and Songs of the Peasantry of England 1550-1867. http://WWW.Gutenberg.org/ebooks/649. Accessed on 26/12/10 Eddy, S. Ed. (2009). Lyrical Ballads York advanced notes. York Press London. Hubbell, J.B. (1923). An introduction to poetry. The Macmillan company Ltd, London Attained on the kindle HTTP://www.amazon.co.uk/an introduction to poetry. Accessed on the 19/12/10. Mcleod, T. P. Hanks. Eds (1985). Collins Concise English Dictionary. Guild Publishing, London. Palmer, R. (1979). A Ballad History of England from 1588 to present day. The Anchor Press Ltd, Tiptree. Phythian, B.A. (1978). Considering Poetry An Approach to Criticism. Hodder & Stoughton Educational. Sevenoaks. Randall, D. Ed. (1971). The Black Poets. Bantam Books. New York.

Abdul Kalam – Kalam’s Life Portrays

Kalam’s life portrays, what zest for life is all about. Kalam divides â€Å"wings of fire† into various phases of his life and builds on it. His humble childhood to his first break to disappointments to successes. He writes with passion about his mentors, his teachers and his colleagues. He writes at length about the birth and adolescent years of the Indian space program. He writes about how to be a good leader, a good motivator, a good project manager and a above all someone with passion and devotion towards his work. His Humble beginnings, hard work, persistence, and above all a passion for life and all things that are possible in it, are all well described in the book. He does all of this in very simple prose. What struck me throughout the book was his recollection of small snippets of poems or phrases from various sources. His citing of the various colleagues he worked with, his bosses or people he appointed through the 60 years of his career are also quite impressive. Although this makes an easy and gripping read, at times the transmission goes above your head due to the generous use of technical terms being used and complex rocket technology being described. However, APJ did a good job of drawing parallels with objects of layman understanding After reading the book, It makes you feel that you know the man more intimately, His humility strikes you down. A very refreshing book, from a refreshing person, giving a glimpse of what the power of positive thinking can help you do, given the shortcomings of the beaurocracy in a country such as India. Beating all odds, the man reached out to the stars, and has become one. Kalam never married. He writes that he found, to maintain relationships was more difficult than rocket science. So all you married folk can pat yourself on the back! It does though beg the question, to have that kind of passion and dedication does one have to give up worldly life as we know it and take up â€Å"sanyas† from everything but work? Whatever it maybe, you will come out satisfied after reading this book, having gained some pearls of leadership qualities, project management, rocket technology and the history of Indian space program. Above all you will be filled with patriotism (if Indian), passion, motivation and inspiration at the end of these 200 odd pages.

Free Essays on How To Stop A Bullet

How to Stop a Bullet On April 20, 1999, a pair of troubled teens entered Columbine High School with one motive, murder. Dylan Klebold and Eric Harris left fifteen dead and wounded twenty more, their act of insanity lives on infamously as the biggest school shooting in our nation’s history. Their actions significantly changed the lives of every teacher and student at that school. Those shots â€Å"heard round the world† changed the innocence of attending school and affected every single person in this country one way or another. The students and teachers of Columbine will never walk the halls without having fear, every fire drill, every April 20th, every loud noise; will tie their intestines into knots of anxiety. Could this tragedy have been avoided? A recent reoccurrence of school shootings, including the massacre at Columbine, has added momentum to gun control issues in Congress. Advocates of strict gun laws are lobbying for mandatory child safety locks, tougher background checks, and other controls that they believe will cause gun violence to rise. Approximately 60 percent of all murder victims in the United States in 1999 (about 12,000 people) were killed with firearms. According to estimates, firearm attacks injured another 70,000 victims, some of whom were left permanently disabled. Due to the recent increase in crime, school shootings, and other gun related violence, it is imperative that Congress pass new firearm control laws, although gun activists will say this is impeding upon their rights, it is necessary for the sake of our nation’s safety. Even though society benefits from guns in the hands of responsible citizens, the fatalities due to firearms steadily increase. Our society has passed laws regulating the ownership and use of firearms, and more legislation is being considered. â€Å"A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, s... Free Essays on How To Stop A Bullet Free Essays on How To Stop A Bullet How to Stop a Bullet On April 20, 1999, a pair of troubled teens entered Columbine High School with one motive, murder. Dylan Klebold and Eric Harris left fifteen dead and wounded twenty more, their act of insanity lives on infamously as the biggest school shooting in our nation’s history. Their actions significantly changed the lives of every teacher and student at that school. Those shots â€Å"heard round the world† changed the innocence of attending school and affected every single person in this country one way or another. The students and teachers of Columbine will never walk the halls without having fear, every fire drill, every April 20th, every loud noise; will tie their intestines into knots of anxiety. Could this tragedy have been avoided? A recent reoccurrence of school shootings, including the massacre at Columbine, has added momentum to gun control issues in Congress. Advocates of strict gun laws are lobbying for mandatory child safety locks, tougher background checks, and other controls that they believe will cause gun violence to rise. Approximately 60 percent of all murder victims in the United States in 1999 (about 12,000 people) were killed with firearms. According to estimates, firearm attacks injured another 70,000 victims, some of whom were left permanently disabled. Due to the recent increase in crime, school shootings, and other gun related violence, it is imperative that Congress pass new firearm control laws, although gun activists will say this is impeding upon their rights, it is necessary for the sake of our nation’s safety. Even though society benefits from guns in the hands of responsible citizens, the fatalities due to firearms steadily increase. Our society has passed laws regulating the ownership and use of firearms, and more legislation is being considered. â€Å"A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, s...

How being kind to yourself helps you better your life

How being kind to yourself helps you  better your  life There are lots of secrets and strategies floating around for achieving success in life, but there’s one surefire trick that doesn’t get talked about nearly enough- being kind to yourself.  Yes, this seemingly simple yet often overlooked notion can go a long way towards ensuring that you’re living your best possible life in all of its facets- including your career, personal relationships, family, friendships, and other individual pursuits. It’s true! According to a recent article by Inc., being nicer to yourself is an effective way to be happier, healthier, and more successful. It stands to reason- being nice to ourselves encourages and empowers us to want to be the best possible versions of ourselves, and to set personal goals that allow us to make this happen.How it worksWe’ve all learned â€Å"The Golden Rule† regarding how we should treat others. Let’s dig into why you should be applying The Golden Rule to yourself if you want to better your life! Being good to yourself nourishes your sense of self and fuels your motivation and desire to achieve your goals, all necessary ingredients for having fulfilling lives.Self-kindness nourishes your sense of self- simple acts of kindness, from others and to ourselves, not only feels good, it reminds us of the power of kindness and feeds our sense of well-being. It makes us feel special and important, and that we’re entitled to the good things in life. With this mindset, we’re more likely to devote more time and energy to setting and achieving personal milestones for making our lives better.Self-kindness fuels your motivation- with your sense of self nourished through kindness, you’ll feel more energized by life’s possibilities, and will be more likely to seek out ways to improve all facets of your life. You’ll not only feel more worthy of life’s good things, you’ll feel more motivated to go out and attain the better life you know you deserve!Self-kindness helps you achieve your goals- being good to yourself augments your sense of self-worth and makes you feel like you deserve to have your life’s goals achieved. And when you achieve goals in life you’ll feel empowered to set new goals to go after.How to make it work for youNow that you know why being kind to yourself can help you better your life, let’s take a look at a few ways how you can do this.Let yourself indulge in those little things in life that bring you pleasure. A good book, a cup of your favorite coffee, and a delicious dessert are easy and effective ways to be kind to yourself. Making sure to give yourself credit for your accomplishments, whether big or small, is another excellent way to be nice to yourself, and will propel you forward towards trying new challenges and accomplishments without the same fear of potential failure that holds many people back. Also try enhancing your appreciation of where you’re at in your life, focusing on the positives and the challenges you’ve successfully met, while reminding yourself that life is always a journey full of learning experiences.Taking care of yourself is a great way to be kind to yourself- leading a healthy life that includes a balanced diet, low stress, regular exercise, and plenty of sleep will make you feel good inside and out, and help keep you operating at optimum levels, which is an excellent place from which to work towards improving your life and achieving the goals you set for yourself. What’s better than that?

Basic Senior Year Financial Questions Assignment - 1

Basic Senior Year Financial Questions - Assignment Example Net present value recognizes time value of money and such appreciates that a shilling now is more valuable than a shilling tomorrow and the two can only be compared if they are at their present value. This is another modern method of discounting cash flow because the technique uses the principle of NPV. It is defined as the rate which the present value of cash outflows of an investment equates the initial capital invested. IRR will accept a venture if its IRR is higher than or equal to the minimum required rate of return which is usually the cost of finance also known as the cut off rate or hurdle rate, and in this case IRR will be the highest rate of interest a firm would be ready to pay to finance a project using borrowed funds and without being financially worse off by paying back the loan (the principal and accrued interest) out of the cash flows generated by that project. Thus, IRR is the break-even rate of borrowing from commercial banks. This method gauges the viability of a venture by taking the inflows and outflows over time to ascertain how soon a venture can payback and for this reason PBP (or payout period or payoff) is that period of time or duration it will take an investment venture to generate sufficient cash inflows to payback the cost of such investment. This is a popular approach among the traditional financial managers because it helps them ascertain the time it will take to recoup in form of cash from operations the original cost of the venture. This method is usually an important preliminary screening stage of the viability of the venture and it may yield clues to profitability although in principle it will measure how fast a venture may payback rather than how much a venture will generate in profits and yet the main objectives of an investment is not to recoup the original cost but also to earn a profit for the owners or

Theories & Methods Thesis Example | Topics and Well Written Essays - 7000 words

Theories & Methods - Thesis Example (Waltz, 1979) The criteria for good or sound theory are evident enough: it should be conceptually clear and rigorous, historically aware, able to yield substantive analysis and research agenda, and, where appropriate, able to engage with ethical issues. Theory is a necessary part of all human understanding, from the numbers of mathematics or divisions into colours we use in everyday life to the abstractions of Hegel, or of the sociologist Talcott Parsons. International Relations as a field emerged after the First World War with the aim of studying the reasons for the history's first major conflict and means of avoiding it in future. It borrowed theories and ideas from other disciplines such as political science, economics, and to some extent sociology and anthropology but according to Halliday it sought most inspiration from international law when Woodrow Wilson's liberalism attempted to bind state actors into a legal relationship backed by the League of Nations and the incumbent study named "International Relations" was introduced in the academia (Aberystwyth, Oxford and London School of Economics) in Britain and contemporaneously in the American universities. When International Relations took shape as a subject in the later 1... from international law when Woodrow Wilson's liberalism attempted to bind state actors into a legal relationship backed by the League of Nations and the incumbent study named "International Relations" was introduced in the academia (Aberystwyth, Oxford and London School of Economics) in Britain and contemporaneously in the American universities. When International Relations took shape as a subject in the later 1920s and early 1930s and began to influence policy makers, it was more or less, based on "idealism" with a normative approach, that is, researchers and writers of that era laid down norms for states to behave with each other. But a similar thought was expressed as early as 1795 by Kant, for instance, in his tract, Perpetual Peace, he "prescribed" an international authority to assert an international rule of law and so ensure peace between nations. IR was based on the presumption that states were naturally benign and did not wish to enter a conflict unless forced upon. Kant (1795) again: "We ordinarily assume that no one may act inimically toward another except when he has been actively injured by the other. This is quite correct if both are under civil law, for, by entering into such a state, they afford each other the requisite security through the sovereign which has power over both." Idealist school of thought in international relations which harkens back to the eighteenth century Kantianism essentially holds that a state should make its foreign policy reflect its internal political philosophy. But soon "realist" school of thought contested idealism as a non-workable theory and advocated that instead of setting norms for the states' behaviour or international rule of law, states should be left alone and relations between them should be dictated by the