Global Financial Crisis Essay Example for Free

Global Financial Crisis Essay The Global Financial Crisis can be studied from many different perspectives. Most of the consequences are already being analyzed, and even though new events may still take place; these consequences have impacted, and if not yet detected, they will impact our Society, our Culture, old and new technologies, the commercial and industrial sector and overall our value systems and ethical standards. Global warming is the major issue that would impact Technology, Society and Culture and have an important effect upon our ethics. Most of us expected a great reaction from the biggest economy in the world because the level of consciousness about global warming, had motivated many politicians to act upon it, the financial sector was already in a position to invest in it, and many industrial sectors had made the decision to participate in what could have been called â€Å"The Green Adventure†. â€Å"It took a great war, and all the military industries that fed the carnage, to bring America out of the Depression. But to a surprising degree, the world economy has been riding the strength of its hottest sectors ever since. By the 1990s, it was the rise of the Internet and the network economy, which collapsed in the dotcom bubble and gave way to housing and the financing that paid for it. In each of these recent cases it was the market that discovered and promoted a new engine for growth—creating millions of jobs and trillions in profits worldwide. Between 1996 and 2000, the technology sector created 1. 6 million new jobs, according to Moodys Economy. com—roughly 14 percent of new U. S. job growth. In this decade, the financial sector accounted for a lions share of U. S. corporate profit, while housing accounted for a staggering 40 percent of new U. S. job growth. Now, those two stalled drivers are leading producers of unemployment: Goldman Sachs, the royal house of finance, announced a 10 percent staff cut last week. The world, simply put, needs a new economic driver, a new hot growth industry. † A lot of funds are being invested in the green technology activities like in its research and development, even though the oil prices are reducing and the economic crisis seems to take longer than expected. Whether such investment measures will yield the anticipated success is not a subject that can be experimentally tested. A number of business organizations have been reported to have made huge investments in the green technology, even though there seems to be minimal improvements. As the current economic crisis demand numerous investments to rescue the economy, concerns are being raised on the resources which are being dedicated at rescuing the environment. These concerns are raised while considering the fact that the continued economic crisis could divert the attention of the organizations and the governments in sustaining effective green technologies. Some of the efforts which are being made by the business organizations and the governments include the trade in the carbon market, which seeks to reduce the carbon emissions. On the other hand, the governments are offering stimulus packages for offering support to the financial institutions, which have promoted the carbon trading investments. In a number of occasions, the policies which seek to achieve a sustainable environment seem to take a back seat, when the global economy experiences financial difficulties. International organizations like the United Nations are devising strategies, which seek to reduce the level of carbon emissions through the utilization of the renewable sources of energy. This research paper will make an analysis of the green technologies and its impact on the global economy. A number of benefits of the green technology has been analyzed, besides the measures that the various governments and organizations are taking in reacting to sustain the environment. Going green and fossil fuel In the 1990’s fossil fuels accounted for 85% of the U. S energy use, and today fossil fuels are still the prime movers of industrial life. (Griffin, PG. 2) Although fossil fuels have contributed to global warming the U. S has continued to use it, because of its cheap availability; however, in the recent years it has become scarcer and more expensive. (Griffin, PG. 2) In the 1990’s the U. S oil supply climbed to 17 million barrels a day; however with domestic oil declining the U. S has opted to now import roughly 50% of its crude oil petroleum. (Griffin, PG. 2) As the war continues between the U. S and Iraq the price of oil will continue to rise, and the U. S may need to look into alternative energy. Although the U. S has always had the spending power to burn through resources such as oil and fossil fuels; the current economic crisis is an opportunity for the U. S to become more green and learn that alternative energy can be more affordable in the long run and definitely safer on our environment. Every economic crisis brings opportunities for the U. S to get out of their comfort zone and really do something to move the U. S forward. Alternative energy will be more affordable and will help during the economic crisis. The U. S’s dependency on oil imports has been a concern for years, and now with the economy in bad shape the U. S can take the opportunity to look into moving towards alternative energy. Unlike oil fossil fuels solar energy, wind energy, and hydropower energy are reusable and will not bring an issue of scarceness. One of the issues with our current use of oils fossil fuels is that they have become scarce and therefore, a concern arises with the U. S dependency. Reusable energy will eliminate that threat and the cost benefits in the long run will improve. We do not need to buy sun power to use solar energy, nor do we need to buy the air to get wind energy. The cost to switch to these new systems may be expensive to start, but the maintenance will be more cost efficient than importing oil at the amounts we do and at the current cost. (FT Business, PG. 1) Wind is a favored sub-sector in the BlackRock portfolio because it is affordable, low carbon, and scalable power generation technology of choice. (FT Business, PG. 1) Wind accounts for the largest share of new generation capacity installed in the US and Europe in 2007, respectively at 30% and 40%. (FT Business, PG. 1) Ed Guinness co-manages Guinness Asset Managements Dublin-domiciled says it is not only the cost of fuel that is driving up electricity prices, but also increases in the raw materials needed for construction. (FT Business, PG. 1) He also stated that prices of oil, gas and coal are all increasing tremendously and so are the construction costs of power plants, stating it now costs twice as much to make electricity from new-build gas turbines than it did one year ago making wind and solar energy highly competitive. (FT Business, PG. 1) With that said it is now in the times of economic struggles that America should make change that will be benefited in the years to come. Some manufacturers, such as, agriculture, food processing, metal refining, paper manufacturing and the chemical industry have switched to alternative energy to join the â€Å"Green† campaign that has been moving through the world for years. (Katz, PG. 16) The main alternative energy the manufacturing applications have used is electricity and thermal energy. (Katz, PG. 16) James Lee, an associate professor in the Golisano Institute for Sustainability at the Rochester Institute of Technology, stated that manufacturing companies are working in both of these areas to reduce consumption and expand the use of alternatives to fossil fuel. Many manufacturers are investing in combined heat and power (CHP) systems that produce both electricity and heat for their manufacturing processes. CHP systems increase energy efficiency by making better use of the energy. Using a CHP system also enables companies to produce electricity directly from alternative fuel sources such as biofuels, hydrogen and solid municipal waste. (Katz, PG. 16) Unlike Solar and wind energy, thermal energy is not really a natural resource, but still more cost efficient and less risky to be dependent on than oil fossil fuels.

Japan :: essays research papers

Japan, a country made up of islands, has a very extensive history that goes along with it. Recorded Japanese history beings about A.D. 400. It is believed that Japan was created by the sun goddess, from whom the emperors descended. The first emperor was Jimmo, who supposedly ascended the throne in 660 B.C. There're two main reasons for this report. To give people an overview of Japanese History, and what happened to make it what it has become. Also, to give a better understanding on what happened, and facts that led up to certain Japanese events.   Ã‚  Ã‚  Ã‚  Ã‚  In approximately A.D. 400, the Yamato clan, eventually based in Kyoto, managed to exact a control of the other family groups of central and western Japan. Korean contact introduced Buddhism to Japan. Through the 700's, China greatly influenced Japan, and there was an imperial court set up much similar to that of China. The authority of the Imperial court in the ensuing centuries was undermined, and various family clans vied for control. During this time, warrior clans were rising as a distinct clan known as samurai. In 1192, the Minamoto clan set up a military government under Yoritomo, their leader. Yoritomo was designated shogun (a military dictator). For the next 700 years, shoguns from different clans ruled in Japan, and the imperial court existed in relative obscurity.   Ã‚  Ã‚  Ã‚  Ã‚  In about 1542, Japan had its first encounter with the Western World. An off course Portuguese ship arrived in Japanese waters. Soon after, Spanish, Dutch, and English traders followed. From Christianity, and the Portuguese support of a Japanese revolt, the shoguns of the Tokugawa period (1603-1867), cut off all trade with the foreign countries, only allowing the Dutch trading post at Nagasaki. The western countries tried to renew the trading, but failed up until 1853. In 1853, Commodore Matthew Perry, from America, sailed a fleet of American ships into Tokyo Bay. Trade was forced upon Japan, under terms not favorable to the Japanese. Struggles caused by these actions brought the shogun rule to an end. Emperor Meiji came to the throne in 1868   Ã‚  Ã‚  Ã‚  Ã‚  In 1889, an Imperial army was formed, and also a parliamentary government. The Japanese began to make steps to extend their empire. In 1894-95, there was a brief war between Japan and China. Japan gained Taiwan (Formosa), the Pescadores Islands, and part of southern Manchuria. China also recognized the independence of Korea, which Japan annexed in 1910.

Building the team Essay

2.1 Explain what behaviours you have developed in order to maintain trust in your detachment. In order to main trust at the detachment I aim is to set aim example in the way I present myself and behave. . A good leader should possess characteristics that encourage the formation of a close knit, solid team. Many of these are my own natural and personal characteristics, but to some have to be learnt. I have been told that I have an approachable demeanour and I am genuinely a caring person. I am also trustworthy and loyal, with a deep sense of integrity and fairness, and high, but not narrow, moral values. I am enthusiastic and encouraging to others, showing my upbeat, positive nature. As a firm believer in self discipline and hard work, I am reliable and punctual. My natural tact, diplomacy and understanding mean that my team are happy to discuss any matters freely. Communication and listening are essential for building a good team, ensuring that time is allocated for them Having been supplied with knowledge, through training with the Cadet Force, and gained qualifications I have become more confident and decisive, not afraid of using my own judgement to address issues which are causing problems. By ensuring that I have up to date information I can plan ahead, be forward thinking, but maintain a degree of flexibility. Committed to the detachment I am willing to take responsibility and stand up for the team, supporting them as necessary. I have learnt to deal with issues in a calm and straight forward manner. 2.2 Explain why confidentiality is important in building and maintaining trust within the team. To earn a reputation of reliability you need to earn the trust of the other  team members. Respecting, and keeping confidences, is paramount as team leaders need to be able to be trusted with private and confidential information. You should never share information that you have been asked to keep confidential and use your judgment when it comes to matters of implied confidentiality. You must keep things confidential that are intended to be so even if a there are problems within the team. There are exceptions to keeping rule, such as when someone’s health or well-being is at risk, or if there is a likelihood of someone being endangered. It’s not an easy commitment to vow never share anything that must be kept confidential, but you should remember that their decision to share or not to divulge information that may affect how others view that person. When consider sharing information you should ask yourself if there is any chance that the person who imparted the information would like it kept confidential. If that is the case, you should not share it. When things are kept confidential that should be confidential, a reputation as a person who can be trusted will be gained. Trust and confidence in leadership is one of the most reliable indicators of satisfaction in an organization, encouraging openness. Maintaining trust avoids conflict within the group. Many issues are resolved by team members trusting their leader sufficiently to approach him with any problem they may have, however large or small it may be. 2.3 Give one example of a group and one example of a team within the Cadet Force. Justify the classification of examples given. An example of a team within the Cadet Force is the Detachment staff i.e. the adult instructors. They have individual and mutual responsibilities but they work together in decision making, discussion, planning, problem solving, focusing on team goals. Defined individual roles, responsibilities and tasks help the team to  do its work. These are often shared and rotated. Each member of the team is concerned with results achieved and challenges they face. The team’s purpose, goals and organisation is shaped by team leader along with other team members. An example of a group within the Cadet Force is the cadets who attend the detachment. The cadets are not involved in the planning the aims and objectives. They have each have their own accountability and work to achieve individual results and goals. They come together to train and learn but are responsible for their own outcome and challenges. The cadets each have individual roles but work as a group to attain results. The group is lead by the team and its leader, the detachment staff and commander, and guided in its aim, goals and approach to training. 2.4 Describe the stages of an established model group formation using examples from your experience to illustrate these if possible. In 1965 Bruce Tuckman developed a 5 stage model of group development, focusing on the way a task is approached and completed from the start to the end. Stage 1 – Forming: The group comes together and gets to know one other and form into a group. Stage 2 – Storming: Differing ideas are raised on how to complete the task and trialling of theories. Stage 3 – Norming: Agreement is reached on how the group will operate. Stage 4 – Performing: The group practices its processes and plans. It becomes effective in meeting its objectives. 10 years later an additional stage was added. Stage 5 – Adjourning and Transforming: The process of ending the project, letting go of the group structure and moving on. The group can reform at any phase to review their goals or change members of the team. This can meaning  reverting to the first stage, but it will progress rapidly as the new member is included in the group. In the Cadet Force an example the group is seen during field craft training. The cadets are formed into groups of up to eight, to create a ‘section’. They need establish the leader, 1IC, second in command, 2IC, and the duties of the remaining members of the group. They need to discuss and plan how they are complete the task, perform the section attack and review how they feel they performed. 2.5 Explain how a Commanding officer could benefit from knowing team member’s preferred team roles. Most cadet detachment teams are made up of people with a varied range of experience, abilities, knowledge, confidence and commitment. Each and every one of them has their own individual strengths and weaknesses. Knowing the team member’s preferred role enables the team leader to allocate roles that are most suited them and were they will produce the best results. For instance someone who is expert in First Aid should be allocated responsibility for that training. Likewise a person who has a lot of experience in a field craft role can be utilised to co-ordinate that training. In 1985, Margerison and McCann produced a classification list for members of a team. They identified these roles in terms of those who were most happily suited to innovating, promoting, developing, organising, producing, inspecting, maintaining and advising. This forms an excellent basis on creating an efficient, confident team that is able to produce results. Different personalities require different styles of leadership and guidance. Knowing an individuals personality will enable the commander to adapt the style of leadership for that person. For instance a new team member, with little knowledge of the Cadet Force, will need direction, tutoring and demonstration of the tasks he will be undertaking. A member who has several years of experience may need refresher training or be required on take on new responsibilities. These can make them feel insecure and unsure. This situation may require coaching from the commander, reaffirming their abilities. Someone who has sufficient experience, knowledge and skills will only need support and guidance to achieve results. An experienced instructor who is confident in his abilities would resent close supervision and would prefer to be left to deal with a given task on his own. The commander would be able to delegate responsibilities to this person freeing him to pay closer attention to those who need it. Knowing the detachment staffs’s preferred roles and leadership requirements would enable the team leader arrange tasks and training in an efficient way creating a well balanced, team with good morale.

consumer - 1670 Words

UNIVERSITY OF ZIMBABWE DEPARTMENT OF PSYCHOLOGY NAME: CHARLES NYUNGU REGISTRATION NUMBER: R115700F PROGRAM: H.P.S III COURSE: CONSUMER PSYCHOLOGY LECTURER: MR MATIKA ASSIGNMENT TITLE: Scan three adverts from a magazine or newspaper and outline the advertisement‘s effects on your affect, cognition and behaviour. DUE DATE: 24TH MARCH 2014 Advertising plays a pivotal role in the lives of consumers. Advertising moulds the attitudes of the person as well as of the society and they certainly influence behaviour of the customers. The customer has to deal with a vast amount of information and make a best choice, conclude and make vital decision (Jakstiene, Susniene and Narbutas, 2008). Jakstiene et†¦show more content†¦However, it is anticipated that this recognition, according to Jokubauskas (2007) should take place from side to side with cognitive aspects which are the customer’s emotions, reasoning, senses, language and thoughts. Hunger (a feeling of affection) a biogenic need was created or elicited by the Burger King advert, in order to satisfy that need one learnt (a cognitive aspect) that through the advert he/she can get a burger at Burger King. Accordingly, individual must also apprehend the significance of the product advertised, that it is no doubt what is being referred to in the advert is real and that the benefit of the product is truly important (just as the advert states) for example that the burger will it really blow someone’s mind, is it 7 inches long and does it taste better. Finally, a behaviour has to be produced, one will then decide whether to approach the burger shop and taste it or just ignores the advert as behaviour refers to the way one performs when exposed to an attitude object. However, Kotler (2007) states that the most central thing is not the performance itself, but the information logged in the memory, its assimilation and acknowledgment in the future. 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