The Invincible Criminal Essay -- Crime & Punishment

Imagine losing your retirement funds or being a victim of a mortgage fraud because money from your bank account disappeared overnight! The 1996 report of the National Criminal Justice Commission estimated that the annual cost of white-collar crime is between $130 billion and $472 billion, seven to twenty-five times greater than the cost of conventional or street crime (Conklin, 2010, P. 71). White-collar crime in America is considered larceny committed by the wealthy, respected, and legitimate enterprise which is not set up or intended to go out of business like an ordinary fraud or con game. White-collar crime offenses may involve forgery, embezzlement, or fraud involving massive amounts of money. Offender’s commit fraudulent acts in the course of normal business practice, but is considered unethical and violates accepted accounting principles and mainly public trust. To help better understand the issue the essay will explain several incidents which are involved with white co llar crime and how it hurts many individuals from families to businesses. Even though white-collar crime offender’s gain an increase in salary and may go unnoticed, the criminal justice system should continue to take a stance on white collar crime. Because mainly white collar crime is a serious invincible crime, laws that regulate white collar crimes are necessary, and impacts society's way of life. Additionally, a proposed suggestion will be presented to counter the identified problems and conclude final thoughts on white-collar crime. At the end of the day the goal to continue law regulations against white collar crime while maintaining public protection will be the driving emphasis behind this essay. Defining White-Collar Crime First, the criminal just... .... N., Gilbert, J. A., & Konopaske, R. (2003). Deterring white-collar crime. Academy Of Management Executive, 17(2), 114-127. Retrieved April 20, 2012 from EBSCOhost. (doi:10.5465/AME.2003.10025206) Maddan, S., Hartley, R., Walker, J., & Miller, J.. (2012). Sympathy for the Devil: An Exploration of Federal Judicial Discretion in the Processing of White-Collar Offenders. American Journal of Criminal Justice : AJCJ, 37(1), 4-18. Retrieved April 19, 2012, from ProQuest Criminal Justice. (Document ID: 2586601701). Podgor, E.. (2007). The Challenge of White Collar Sentencing. Journal of Criminal Law & Criminology, 97(3), 731-759. Retrieved April 19, 2012, from ProQuest Criminal Justice. (Document ID: 1392880651). U.S. Department of Justice, Federal Bureau of Inves ¬tigation (1989). White Collar Crime: A Report to the Public. Washington, D.C.: Government Printing Office.

A Personality Development Theory Applied in Choosing Career Essay

This paper attempts to look at the Big Five, a personality development theory that is used in studying the dimension of one’s personality. The Big Five model is a product of empirical research and at present, the most accepted approach among psychologists in studying personality traits. 1 The five factors are known as OCEAN- openness, conscientiousness, extraversion, agreeableness and neuroticism. 2 It is said that theses possession of these traits may be stable for over 45 years that can start from early adulthood. 3 Parts and portion of traits are also heritable genetically. In addition, the traits are result of adaptation to the environment. Generally, these factors are viewed as universal and have been found in languages of different nations. Knowing where one’s place in the dimension can be very useful for one’s improvement and realization of skills, talents and abilities. The Case Dave has long been dreaming of putting up his own business. After several years of working in the job which he definitely did not like, he finally decided to pursue his dream. At this point in time, Dave was not sure of what enterprise will best fit his personality. Applying the Big Five Personality Development Theory, we carefully examine Dave’s personality in order to see what are his dominant traits and characteristics, his weaknesses and   1Buss, D. M. (1996). Social adaptation and five major factors of personality. In J. S. Wiggins (Ed. ), The five-factor model of personality: Theoretical perspectives (pp. 180-207). New York: 2Guilford. Soldz, S. , & Vaillant, G. E. (1999). The Big Five personality traits and the life course: A 45-year longitudinal study. Journal of Research in Personality, 33, 208-232 3Buss, D. M. (1996). Social adaptation and five major factors of personality. In J. S. Wiggins (Ed. ), The five-factor model of personality: Theoretical perspectives (pp. 180-207). New York: unleashed talents if ever to be able to fit it with the kind of business that will best suit him. This is for the purpose of finding the better enterprise that will complement to his overall personality. This is important because the idea of putting up a business is much of a risk to take and Dave cannot afford not to be successful in his new chosen field after leaving his long time job. This is somehow a prelude to the future of his business because as the business and manger and owner to be, he will direct the efficiency and effectiveness of his business. To start with, traits and characters must be identified. In this case Dave provided us with some of his characteristics that are assumed to be relevant in helping him determine the best business for him. Dave mentioned that he was previously a paralegal and he had worked with attorneys and several clients in their law firm. He claimed that he often acts as a leader and in fact he formerly managed a staff. He added that he posses various leadership qualities though if given a choice, he would rather work alone. Applying the Big Five Personality Earlier, it has been mentioned that Dave, if given the chance will rather work alone, hence, we can conclude that he is an introvert. But since, he had longed desire to have his own business, it is inevitable to work with other person or to a group of person. By the word business, he is going to put up an organization. Building an organization means continuous interaction with other people and all the accompanied activities will operate in a relational or in a dynamic manner. Example of introversion is being independent and often being quiet. Introvert people prefer to do things by themselves and refuses to be helped by others and also disregard group activities because they see themselves more productive if they are alone. They are also the type who minimizes social involvement, in other words they prefer less socialization. Some of them are deliberately shy and some extreme cases found depression. Given that Dave wanted to put up his business and he also wanted to be alone if possible, I think the best business that will suit him is a coffee shop. Maintaining a coffee shop is not that difficult. Three to four people can be able to organize the business accordingly. If he will put up a coffee shop, he can be the one at the counter or he can hire another person to do that and all he needs to do is to supervise. Unlike his previous job wherein he had staff to lead to and attorneys and clients to deal with, a coffee shop business will put him in less trouble. If he has a passion in bartending, he can be the one to do it and all he needs to face is the waiter who will be passing the orders to him. As for agreeableness, undoubtedly, Dave has established leadership qualities necessary to operate a business. It will not be hard for him to deal with his employees to be, since he had his fair share on this matter on his preceding occupation. On the other hand, Dave showed did not mention about openness but I think it is safe to say that he is an open person because even if he has introvert qualities he bear with his colleagues for a long period of time and he tried to be a good leader and showed exceptional qualities of leadership in the law firm. Another proof of his openness is his likeness to have his own business. This means that he is open for new changes in his life to happen. Meanwhile, Dave has finally become assertive departing from his old reticent way. This is because at last he had the courage to left his job and starts a new with a business. Lastly, after evaluating the four factors of the Big Five, we can conclude that Dave is in the mid of imaginative and conventional dimension since he had let several years to past before actually realizing his wants, nevertheless he also posters creativity side as he was able to think of another form of occupation. In this activity, I learned the importance of knowing your personal traits and characteristics. Being familiar with your limitations and advantages may help you in various ways, likewise, it can help you understand others as well as to deal with them accordingly. Being acquainted with these traits will improve your relationship to other people and most of all it will contribute a lot in realizing your own potential and developing you as a person. References About. com Website (2008). The â€Å"Big Five Personality Model. Retrieved on January 17, 2008 from http://psychology. about. com/od/personalitydevelopment/a/bigfive. htm Buss, D. M. (1996). Social adaptation and five major factors of personality. In J. S. Wiggins (Ed. ), The five-factor model of personality: Theoretical perspectives (pp. 180-207). New York: Guilford. Soldz, S. , & Vaillant, G. E. (1999). The Big Five personality traits and the life course: A 45-year longitudinal study. Journal of Research in Personality, 33, 208-232

Family Essay

In a world of varying cultures and values for the elderly, there exists a principal notion about elderly homes that have spurred today. Oftentimes than not, the notion about elderly homes are of the negative and this stems from the fact that the elderly homes serve as a constant reminder about something that most people fear—death and old age (Dickinson and Vasen, 2006). However, according to Dickinson and Vasen, there is a positive side to the elderly homes that most people do not see (2006). One of these may be attributed to the view that the elderly homes can be considered as a family in itself. In this family, there are parts that comprise the whole, cooperation is existent, and there are groups formed within the family as will be expounded in the body. The elderly homes are composed of several members that comprise the family. First, we have the group of nursing aides who cares for the elderly and they are the lifeblood of the family. Without the nursing aides, the elderly home will be like a tree without its roots. This is the group that serves the purpose of nurturing and giving utmost care and attention needed by the elderly living inside. Second, we have the group of elder persons who serves as the air that the elderly home breathes. They are the purpose why the home exists and without them, there should not have been an elderly home in the first place. Moreover, they are the center of attention in the home because of their decreased strength and special needs that have to be attended to. They are also at the center of activities in the elderly home such as in Christmas parties, gatherings, and others. Third, we have the administration that runs the elderly home. They manage the day-to-day affairs of the elderly home especially with regards to routine maintenance and those functions not covered by the nursing aides. Although they serve the elderly indirectly, they still form a vital role because they are the ones responsible for the proper functioning of the elderly home. Moreover, the administration is considered as the support system of the whole. In conclusion, it can be said that each is a part of the whole and each plays a role that whose purpose is to contribute to the family to which they are a member of. Moreover, there are relationships that are formed between these groups that form the bond between them as a family. It is all up to the members of this family to determine what type of family they would be. But certainly, it is not a negative one as most people tend to see them. Instead, it is a harmonious and vital institution of the society.

It hurts students; and other students and teachers too Essay Example

It hurts students; and other students and teachers too Essay Example It hurts students; and other students and teachers too Essay It hurts students; and other students and teachers too Essay Kim Maharajahs Tardiness: It hurts students; and other students and teachers too the rap sheet read like a laundry listeverything from vandalism to resisting arrest. How did it all start? If you trace the life of crime to its beginning, you will find it went all the way back to chronic tardiness in elementary school. If only the parents and the system had nipped this behavior in the bud! K, so that is a bit over the top, but it can feel this way when teachers or principals seemingly overreact to the crime of being ate. Whats the big fuss? So what if my child is a few minutes late? Her grades are fine, and she isnt a behavior problem. Why does the school get so upset? [emailprotected] Com/glade Your childs teacher loves him even when he is late, Just as our Savior loves us, no matter what. God gave us faith Ana all toner gluts Railing In promptness helps to use all of Gods gifts efficiently. Lets take a look at things from several different points of view: Teacher From the outside, a teachers Job may look easy. All she has to do is explain a concept, assign some homework, collect and grade it, ND, voila, successful learning has happened. In reality, the Job is much more complicated. A large part of what a teacher does is classroom management. This involves keeping the schedule running smoothly, preventing discipline problems and handling the ones that crop up, and capturing the attention of a class of students and keeping it. The teacher instructs, re-instructs, regroups, edits, creates, soothes, redirects, and monitors the students to be sure they understand. You get the picture. A child enters the classroom late, even Just a few minutes late, and he or she disrupts the process. Now the teacher adds something new to the list: What has this child missed, and how can I bring him up to speed? The office must be notified, directions have to be repeated, and lessons started over. Some late arrivals will stand at the door waiting, and others will make a grand entrance and further distract the class. All latecomers, even those who slip in the door and quietly find their seat, require extra work from the teacher. A late child is not Just a momentary distraction. Class You wouldnt think learning was so much work either. We dont always remember what it was like to pay attention as a youngster. Many children who struggle staying focused find it difficult to get back on track after a Lactation. When a canon comes late Ana t teacher has to restart the lesson or take care of attendance details, an opportunity arises for behavior issues. When that happens, a small disturbance can set off behaviors that further disrupt the class. Keep in mind that your child may not be the only one who is late, so this process of disruption can occur many times during the course of the week. When families are chronically late, this fosters an attitude that school and learning are not important. This seemingly little thing an have a big influence on the behavior and attitude of students over time. School Late arrivals disrupt the school also. The assembly area and school office are especially busy during the first part of the morning. Accurate attendance, and its affect on other tallies, is important to a safe and organized school day. Child The student who arrives late to school starts the day at a disadvantage. Other children have had time to put away coats, take care of classroom business, talk with friends, and generally prepare themselves for the school day. The time missed may only be 10-15 minutes, but it is an important mime. Children who are late may not have attendance recorded or lunch ordered, and that can cause problems later on. They may miss important announcements or a fun activity that the teacher has set out to begin the day. While some children adjust too rocky start, others find it difficult. If the child experiences stress because he was rushed or because she worries what the other students will say, the stress itself interrupts the learning process. Chronic tardiness (more than one or two times a month) is more than Just being a Tee umlauts late. It Is not Just tout ten hassle for teachers and staff, or the stress caused to the child or others. Tardiness isnt just about what a child is not learning in the few minutes of class time missed. It is about what a child is not learning about learning itself. Learning is not Just about picking up new information. It is an active process that involves the childs attention, intelligence, and personality. Children possessing the ability to self-regulate are far more likely to be successful in school and life, regardless of intelligence level. Self-regulation is the ability to plan ahead, evaluate strategies, regulate emotions and behaviors, and delay gratification for the purpose of earning. Children who self-regulate can think on purpose toward the goal of learning. The ability to be prompt is an active part of learning, just as knowing when to ask questions for clarification, writing down assignments, or finishing a project. Missing a few minutes of school, every so often, is only part of the tardiness problem. The problem is not in the incident itself. It is in the pattern of tardiness over time. Arriving at school late on a regular, or even semi-regular basis, teaches a child that school is something we Just plod through, rather than something we do with care and repose. If a child is born with the natural ability to do somethingfor instance, play golf like Tiger Woods, but does not learn to work hard, set goals, evaluate progress, and think purposely, the gift will be wasted. When you set promptness as a priority and make changes in the family routine to allow your child to arrive at school on time, you teach your child to respect learning and to take an active part in it. That learning will be part of every future test your child takes and every future project your child completes. In fact, the ability to slaughtered is a stronger predictor of future success than natural talent or Q. It may be hard to believe that something as seemingly insignificant as promptness can have such a great effect on your childs future. However, this is what parenting is all about: modeling and teaching healthy behaviors and strong values in every little thing we do as parents. This is what makes parenting such a challenge. Parenting is relentless! Thankfully, the love of God our Father is relentless too. He wants what is best for our children and for us as parents. He stands ready to help us with every task. Your childs teacher loves him even when e is late, Just as our Savior loves us, no matter what. God gave us faith and all other gifts. Training in promptness helps to use all of Gods gifts efficiently. For Discussion: What will be the consequence for tardiness for your child at her next level of education? What about when she Joins the workforce? How does developing a value for being prompt promote self- regulation skills? What other values can you teach your child that will develop self-regulation? For further study: http://tinnier. Com/messed (Definition of self-regulation) http://tinnier. Com/skunks (Parenting tips on self-regulation)

Appraising Investment Decisions and Affects of Non Financial Factors The WritePass Journal

Appraising Investment Decisions and Affects of Non Financial Factors 1. BACKGROUND Appraising Investment Decisions and Affects of Non Financial Factors 1. BACKGROUND2. LITERATURE REVIEW2.1 Investment2.2 Investment Decision2.3 Investment Appraisal2.4 General or Conventional Appraisal Techniques2.4.1 Payback period2.4.2 Return on Investment2.4.3 Discounted Cash Flow Methods2.4.3.1 Net Present Value (NPV)2.4.3.2 Internal Rate of Return (IRR)2.5 Limitation of Conventional Techniques2.6 Strategic Investment3. RESEARCH METHODOLOGY3.1 Research Objective3.2 Research Questions3.3 Research Philosophy3.4 Research Approach3.5 Research Design3.6 Research Strategy3.7 Data Collection Techniques3.8 Qualitative Research4. TIME PLAN4. CONCLUSION5. REFERENCESRelated 1. BACKGROUND The search for reliable techniques for project appraisal is an aged activity. Still it is of prime importance because the survival of a corporation is predominantly determined by its ability to revitalize itself through the allocation of capital to productive use (Arnold and Hatzopoulos, 2000). Inadequate use of decision tools expand the possibility of less return then the cost of capital, resulting in destruction of firm’s value (Copeland et al., 2000). A successful investment can make profits, increases market share and adds value to the firm, but on the contrary, if it is unsuccessful the firm will experience a loss. An incorrect investment decision may even lead to closure of a firm or bankruptcy. Therefore, the decision to invest or not is very crucial to any firm as it determines its future, and at the same time, this decision signifies the importance of investment evaluation techniques accordingly. Due to importance of such decision and extensive research, there is no shortage of tools and techniques to analyze an investment. Numbers of tools are available to find out the extent of profitability of an investment to help managers in making this vital decision (Akalu, 2001).   The most popular techniques are the net present value, internal rate of return, return on investment, benefit/cost ratio method and payback period (Remer and Nieto 1995). Scholars and some other sources tend to emphasize discounted cash flow methods, especially NPV approach, as superior to other methods (Tatsiopoulos and Tolis, 2002; Kaplan and Atkinson, 1998; Zimmerman, 1997). However, these conventional appraisal techniques (especially DCF methods) sometimes misinform when they are improperly used, estimation of cash flows are inaccurate, rough identification of discount rate or when vital non-quantifiable aspects of projects are omitted (Kaplan, 1986; Dugdale and Jones, 1995). In literature almost all of the proposed techniques are not free from criticism. The most common and major argument made by scholars is that conventional methods of appraising investment does not give adequate information due to risk and uncertainties; and they are not even appropriate to analyze strategic investments (Bierman, 1980; Brealey et al, 1992; Cox et al, 1985). Risk can be reduced if identified and uncertainties may even be dealt with research, but it’s almost impossible to eliminate these factors from investment. To deal with these factors scholars have proposed some additional methods like sensitivity analysis, simulation analysis, scenario analysis, probability analysis and portfolio theory (Pike and Neale, 2006). Though, in regard to strategic investments, conventional appraisal techniques fall short because they don’t capture intangible or non financial project attributes (Busby and Pitts, 1997; Dempsey, 2003). Butler et al. (1991, p. 402) noted: â€Å"In making decisions on strategic investments, quantifiable financial performance factors (whether measured by discounted cash flow techniques, payback period, or impact on sale and profits) were viewed as of secondary importance by most respondents. Product quality, fit with business strategy and improving the competitive position of the firm were the most important factors considered by all informants.† Some special methods for appraising strategic decision are also established and described by scholars. Among these, the balance scorecard, real option analysis, value chain analysis, benchmarking and technology roadmapping are of vital importance (Kaplan and Norton, 2001; Hoque, 2001; McCarthy, 2003; MacDougall and Pike, 2003). However, continuous usage of conventional appraisal methods, despite their recognized limitation, leaves us in a vague situation and inclines us to explore more. 2. LITERATURE REVIEW 2.1 Investment Investment is employment of funds or capital with the aim of making future benefit. In literature and corporate world this activity is also referred as capital investment. G.H Lawson and Richard Pike (1981) describe it as: â€Å"Capital investment usually refers to the commitment of funds to fixed capital expenditure in the anticipation of returns that compensate for the risk of the investment and the delay in the enjoyment of funds, i.e. consumption.† 2.2 Investment Decision It is the process where managers or investors decides whether or not, when and how to spend money on the project. The heart of all investment appraisals is to calculate the value of spending money, by comparing the benefits with the costs. If this is done incorrectly, it could hammer the investor or firm’s growth (Mott, 1982). 2.3 Investment Appraisal The most important step to start appraising the investment is the identification of cost and benefit associated with it. This step requires immense of experience and expertise as it is an anticipation and mainly this reason has also forced Aggarwal (1993) to argue that â€Å"evaluating capital investment is close to an art and father from a science than is desirable†. Hence it can be said that investment appraisal techniques can never replace managerial judgment, but they can help make judgment more sound (Lumby and Jones, 1999). The major questions to be asked while investment appraisals are highlighted by Campbell (2006), these are: What return on capital employed will the project deliver? How quickly will the project pay for itself? Will the project add value to business? 2.4 General or Conventional Appraisal Techniques 2.4.1 Payback period This non-discounted appraisal techniques seeks to assess how quickly the positive cash flow recovers the initial capital investment. It is calculated by estimating the timely cash flows and at what time the project over comes the investment by the later returns. The project is accepted if it is equal to or less then the predetermined acceptable time or the one with lesser recovery time among available alternatives is accepted (Mott, 1982; Campbell, 2006). 2.4.2 Return on Investment Return on investment or return on capital employed is another non-discounted method for project appraisal. It is a ratio indicator which tells how well the investor or firm is utilizing the capital to generate revenue. The calculation is done by taking profit before tax and divides it by the difference between total asset and current liabilities (Lumby and Jones, 1999). This method has also some disadvantages but is a useful technique as well. 2.4.3 Discounted Cash Flow Methods These methods covers the issue of time value of money, which is, the future money is worth less than money at present. DCF technique converts the future cash flows value into the value of present day. In this manner we can worth the investment at the point when we are actually making it (Brealey et al, 2009). Among the family of discounted cash flow techniques net present value and internal rate of return are vital. 2.4.3.1 Net Present Value (NPV) Net present value is calculated by converting all future cash flows in today’s date and then deducting it from today’s investment. Positive NPV implies that the project is worth to create value and generally the project is accepted when NPV is greater than zero or the one with higher NPV is selected among available alternatives (Campbell, 2006). 2.4.3.2 Internal Rate of Return (IRR) It is that rate at which the net present value is zero. It is complex and difficult to calculate manually, as it is a trial and error method. Generally the project is accepted if the IRR is greater than the hurdle rate, discount rate or in simple terms the opportunity cost (Blank and Tarquin, 1989). 2.5 Limitation of Conventional Techniques Although every technique has its own and unique limitations but here general limitations are mentioned. The non discounted methods are normally criticized due to time value of money and discounted methods are argued due to its complexity. The most common errors found in applying DCF methods are: pre tax calculation of discount rate; anticipation of non-economic statutory in discount rate which may leads to error and incorrect results; interest charges are included in cash flows; cash flows are specified in today’s money (excluding inflation); use of single cut of rate instead of rate reflecting project risk (Pike and Neale, 2006). A major limitation of these techniques, which I have also mentioned earlier, are incapability to include the non financial factors into consideration like risk, uncertainties and factors involved in strategic investments. It has been argued that every single benefits of strategic investment are difficult to quantify and some other approach is required for strategic investment decisions, other than conventional financial techniques ((Butler et al., 1991; Covin et al., 2001). 2.6 Strategic Investment Strategic investment decisions mainly concerns long term investments in asset. Common type of SIDs includes: new product development, new market development, new technology or infrastructure, mergers and acquisitions (Harris et al., 2009). Strategic investments does not only brings economic value to the firm; benefits like increase in product quality, better competitive position, fit with business strategy, increase in customer loyalty can an advantage of strategic investment (Butler et al., 1991). 3. RESEARCH METHODOLOGY 3.1 Research Objective The main purpose of this research is to examine the importance of non-financial factors that could affect the investment appraisal process.   The research aims to analyze and study conventional investment appraisal techniques and highlight their limitations. Moreover, the research shall investigate the non-financial factors that are considered important in evaluating strategic investment projects.   Lastly, the study shall investigate whether recently developed analysis tools such as those that aim to integrate strategic and financial analysis, being used to evaluate strategic investment projects. 3.2 Research Questions The research questions that this study shall attempt to answer through the analysis of empirical data are as follows: What are the limitations of conventional investment appraisal techniques? What non-financial factors are considered important in investment evaluation, especially in strategic investment decision? Do organisations use conventional appraisal techniques for evaluation of strategic investment projects or prefer using recently developed strategic analysis tools in order to evaluate? 3.3 Research Philosophy The research philosophy adopted by the researcher is one of ‘subjectivism’.   Morgan and Smirchich (1980) state that subjectivism perceives reality as a â€Å"social construct†.   Saunders et al (2009) state â€Å"the subjectivist view is that social phenomena are created from the perceptions and consequent actions of social actors†. In this case, the social actors are the company’s that shall be studied.   Strategic investment decision making shall be analysed and investigated in this research based upon the actions of views of these ‘social actors’. Saunders et al (2009) state that for a researcher to understand any action he should explore the subjective meanings motivating those actions. This research aims to investigate the reasons behind implementation of modern strategic analysis tools by identifying the weaknesses of conventional strategic analysis methods and understanding how non-financial factors affect investments. Remenyi et al (1998) also emphasise on this issue and discuss the importance of studying the details of a certain situation in order to understand the ‘behind-the-scenes’ reality. 3.4 Research Approach Deductive approach is defined as developing a conceptual framework by studying the theory and testing this through either confirming or rejecting the hypothesis developed based on the theory by studying the empirical data collected (Bryman and Bell, 2007).   An inductive approach, as defined by Bryman and Bell (2007), is one where theory is the outcome of research. According to Saunders et al (2009) in an inductive approach the theory follows from the collected data unlike in a deductive approach where it is the other way around. This research shall collect empirical data on strategic investment appraisal techniques using the methods mentioned below and the researcher will draw a conclusions based on the collected data by studying the inherent patterns   and thus, this study shall adopt an inductive approach. 3.5 Research Design Research design is defined by Collis and Hussey (2003) as planning procedures for conducting research in order to obtain the most adequate results. The purpose of implementing an appropriate research design is to make sure that the data collected for the purpose of the research enables the researchers to answer the research questions proposed. According to Saunders et al (2007) there are seven types of research designs and each can be used for explanatory, descriptive or exploratory research.   Since this research aims to highlight the limitations of conventional investment appraisal techniques and investigate the use of modern techniques, an exploratory research needs to be conducted.   An exploratory research is used when there are no existing models to use as a basis for the study. 3.6 Research Strategy The research strategies as discussed by Saunders et al (2009) are experiment, survey, case study, action research, grounded theory, ethnography, and archival research. The research strategy adopted for the purpose of this study is ‘case study’. Stake (2000) defines case study as an organised and systematic way of producing information on a certain topic. Cooper and Morgan (2008) define case study as â€Å"an in-depth and contextually informed examination of specific organizations or events that explicitly address theory.† Case studies help analyse the experience or activities of a particular event of phenomena. This research aims to investigate the use of recently developed strategic analysis tools and thus shall conduct an in-depth study of an organisation in order to investigate whether the said organisation implements such techniques. The company selected for the purpose of this research is Engro Corp. Engro Corp is one of the largest conglomerates in Pakistan and since I have family working within the organisation at reputable posts I have access to the company and shall be able to obtain the required primary data rather easily. Due to the fact that there is very little data on the use of recently developed strategic analysis tools and the data required for this research is not reported externally, this research shall use primary data collected through a questionnaire.   For this particular topic, only primary data can assist in answering the research questions posed and the objectives stated. 3.7 Data Collection Techniques The research shall primarily use primary data.   Some secondary data will also be used to support the primary data collection. Primary data used for this study shall be collected through a survey. An open-ended questionnaire shall be used to collect the data required for the research.   The questionnaire shall be self-administered and E-mail to the appropriate personnel within the company. The in-depth questionnaire shall explore the use of investment appraisal techniques within the company and if required, the researcher shall also issue a follow up questionnaire in order to collect further data for this research. 3.8 Qualitative Research Cresswell (1994) stated that qualitative research assists in understanding social or human problems by building a complex picture formed using words which report detailed views of informants.   Qualitative research involved the use and collection of a range of empirical data and involved an interpretive approach towards the subject. Hence, in this case qualitative research methods shall be used due to these aforementioned characteristics which are deemed suitable for this research. 4. TIME PLAN 4. CONCLUSION Choosing investment decision for research is due to my interest in the topic. However, it is also a part of my degree program and as per my knowledge there are some gaps which need to be filled. I will try me level best to add valuable input to this area of study. This research will definitely increase my knowledge, skills and will give me a worthy experience. 5. REFERENCES Aggarwal R. (1993). Capital Budgeting Under Uncertainty: New and Advanced Perspectives. Prentice-Hall: Englewood Cliffs, NJ. Akalu M (2001). Re-examining project appraisal and control: developing a focus on wealth creation. International Journal of Project Management; 19(7):375–83. Arnold G, Hatzopoulos P. (2000). The theory-practice gap in capital budgeting: evidence from the United Kingdom. Journal of Business Finance and Accounting 27(6): 603–626. Bierman, H (1980) Strategic Financial Planning Free Press, New York Blank, L.T. and Tarquin, A.J., (1989). Engineering Economy, 3rd. ed. McGraw-Hill, New York. Brealey, R S et al (1992) Principles of Corporate Finance 2nd Canadian edn, McGraw-Hill Ryerson Ltd, Toronto, Canada Brealey, R. Myers, S. Marcus, A (2009). Fundamentals of Corporate Finance. 6th ed. New York: McGraw-Hill. 116-274. Bryman A. Bell E. (2007). Business Research Methods. Oxford: Oxford University Press.Busby, J.S., Pitts, C.G.C., (1997). Real options in practice: an exploratory survey of how finance officers deal with flexibility in capital appraisal. Management Accounting Research 8 (2), 169–186. Butler, R., Davies, L., Pike, R., Sharp, J., (1991). Strategic investment decision-making: complexities, politics and processes. Journal of Management Studies 4 (28), 395–415. Campbell, I. W. (2006), Business Economics and Accounting, MBA Module Manual- Accounting Finance 2005-2006, Bradford University School of Management.Collis J. and Hussey R., (2003), Business Research: A practical approach for undergraduate and post graduate students. New York: Palgrave Macmillan Cooper, D. J., and W. Morgan. (2008). Case study research in accounting. Accounting Horizons 22: 159-178. Copeland T, Koller T, Murrin J. (2000). Valuation. Wiley: New York. 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Accounting for Decision Making and Control (2nd edn.). Irwin-McGraw-Hill: Boston.

Greg Lynn, Binary Large Objects, and Blob Architecture

Greg Lynn, Binary Large Objects, and Blob Architecture Blob architecture is a type of wavy, curvy building design without traditional edges or traditional symmetric form. It is made possible by computer-aided-design (CAD) software. American-born architect and philosopher Greg Lynn (b. 1964) is credited with coining the phrase, although Lynn himself claims the name comes from a software feature that creates Binary Large Objects. The name has stuck, often disparagingly, in various forms, including blobism, blobismus, and blobitecture. Examples of Blob Architecture These buildings have been called early examples of blobitecture: Selfridges Department Store (pictured on this page) in Birmingham, United KingdomGuggenheim Museum in Bilbao, Spain (designed by Frank Gehry)Xanadu Houses in Kissimmee, FloridaThe Sage Gateshead in Newcastle, UK (designed by Norman Foster)Admirant Entrance Building in Eindhoven, Netherlands (designed by Massimiliano Fuksas)Galaxy SOHO in Beijing, China (designed by Zaha Hadid)The Experience Music Project (EMP) in Seattle, Washington (designed by Frank Gehry) CAD Design on Steroids Mechanical drawing and drafting changed radically with the advent of desktop computing. CAD software was one of the very first applications to be used in offices transitioning to personal computer workstations in the early 1980s. Wavefront Technologies developed the OBJ file (with the .obj file extension) to geometrically define three-dimensional models. Greg Lynn and Blob Modeling Ohio-born Greg Lynn came of age during the digital revolution. The term Blob modelling was a module in Wavefront software at the time, says Lynn, and it was an acronym for Binary Large Object - spheres that could be collected to form larger composite forms. At the level of geometry and mathematics, I was excited by the tool as it was great for making large-scale single surfaces out of many small components as well as adding detailed elements to larger areas. Other architects who were the first to experiment with and use blob modeling include the American Peter Eisenman, British architect Norman Foster, Italian architect Massimiliano Fuksas, Frank Gehry,   Zaha Hadid and Patrik Schumacher, and Jan Kaplickà ½ and Amanda Levete. Architectural movements, such as the 1960s Archigram led by architect Peter Cook or the convictions of the deconstructionists, are often associated with blob architecture. Movements, however, are about ideas and philosophy. Blob architecture is about a digital process - using mathematics and computer technologies to design. Mathematics and Architecture Ancient Greek and Roman designs were based on geometry and architecture. Roman architect Marcus Vitruvius observed relationships of human body parts - the nose to the face, the ears to the head - and documented the symmetry and proportion. Todays architecture is more calculus-based using digital tools. Calculus is the mathematical study of changes. Greg Lynn argues that since the Middle Ages architects have used calculus - the Gothic moment in architecture was the first time that force and motion was thought of in terms of form. In Gothic details such as ribbed vaulting you can see that the structural forces of the vaulting get articulated as lines, so youre really actually seeing the expression of structural force and form. Calculus is also a mathematics of curves. So, even a straight line, defined with calculus, is a curve. Its just a curve without inflection. So, a new vocabulary of form is now pervading all design fields: whether its automobiles, architecture, products, etc., its really being affected by this digital medium of curvature. The intricacies of scale that come out of that - you know, in the example of the nose to the face, theres a fractional part-to-whole idea. With calculus, the whole idea of subdivision is more complex, because the whole and the parts are one continuous series. -    Greg Lynn, 2005 Todays CAD has enabled the building of designs that were once theoretical and philosophical movements. Powerful BIM software now allows designers to visually manipulate parameters, knowing that Computer Aided Manufacturing software will keep track of the building components and how they are to be assembled. Perhaps because of the unfortunate acronym used by Greg Lynn, other architects such as  Patrik Schumacher have coined a new word for new software - parametricism. Books by and About Greg Lynn Folds, Bodies Blobs: Collected Essays by Greg Lynn, 1998Animate Form by Greg Lynn, 1999Composites, Surfaces, and Software: High Performance Architecture, Greg Lynn at the Yale School of Architecture, 2011Visual Catalog: Greg Lynns Studio at the University of Applied Arts Vienna, 2010IOA Studios. Zaha Hadid, Greg Lynn, Wolf D. Prix: Selected Student Works 2009, Architecture is PornographyOther Space Odysseys: Greg Lynn, Michael Maltzan and Alessandro Poli, 2010Greg Lynn FORM by Greg Lynn, Rizzoli, 2008 Sources Greg Lynn - Biography, European Graduate School website at www.egs.edu/faculty/greg-lynn/biography/ [accessed March 29, 2013]Greg Lynn on calculus in architecture, TED (Technology, Entertainment and Design), February 2005, https://www.ted.com/talks/greg_lynn_on_organic_designPhoto of The Sage by Paul Thompson/Photolibrary Collection/Getty Images

Reaction Paper 2 Essay Example | Topics and Well Written Essays - 1000 words

Reaction Paper 2 - Essay Example who disobeys" (Baumrind, 1991, in Huang and Prochner 2004, p.229), while parental response refers to "the extent to which parents intentionally foster individuality, self-regulation, and self-assertion by being attuned, supportive, and acquiescent to childrens special needs and demands" (Baumrind, 1991, in Huang and Prochner 2004, p.229). The psychologists and social scientists distinguish four parenting styles: authoritative, authoritarian, permissive and neglectful. Authoritative parents are â€Å"demanding and accepting† â€Å"controlling but not restricting,† authoritarian parents are demanding but rejecting and non-responsive, permissive parents are responsive but non-demanding, while neglectful parents are permissive and non-responsive (Ballantine 2001, p. 46; Huang and Prochner 2004, p.229). The studies of western researchers have shown strong relationship between the parenting styles and the child’s social competence, child’s school achievement, se lf-concept and goal setting, self-esteem and self-efficacy during the entire life and adolescent drinking and delinquency. All the studies have shown that authoritative parenting style always has favorable outcomes while the other three have demonstrated a negative impact on the children’s outcomes (In Huang and Prochner 2004, p.230). Parents play the major role in people’s lives, no matter whether they loved them as children or feared of and dreamt of parents’ divorce, as it happens in some families. Eric Berne (1975) discovered that parents’ scenarios and behavioral patterns determined the whole direction of an individual’s development. No matter what your attitude to the parents was, as time passes you start noticing (some people stay unaware of it) that you behave just as your parents did (even the negative traits that you did not like in your parents being copied). The behavioral patterns are than brought to the new family created by the grown children. They continue behaving just as their