Friday, October 18, 2019
Economic theory Essay Example | Topics and Well Written Essays - 2000 words
Economic theory - Essay Example This particular variable takes the value of one if the year being considered is 1983 and zero, otherwise. Moreover, annual data for Belgian aggregates for forty years, which is from 1955 to 1994, was used in the study. Statistical analysis of the time series data considered in this study is facilitated by the use of E-views. According to Judge (2003), E-views is a "modern, powerful but intuitive econometrics software". It operates by manipulating objects such as data series and equations. With the computer package, the author mentions that the "data series can also be viewed as a table of values or as points plotted on a graph". For the 40 time series observations provided, the ordinary least squares estimation procedure was used to estimate the parameters of the model with real per-capita consumption as the dependent variable. The models considered in the study depicting the relationship of the variables consumption, interest rate, per capita income and unemployment are: Before the final model (model 3) was arrived at, models 1 and 2 were both tested for various assumptions. To determine if there is presence of first order autocorrelation, the Durbin-Watson test and the Breusch-Godfrey test were used. Ramsey's RESET test, on the one hand was utilized to determine if non-linearity of the functional form. Normality of residuals was checked by way of graphs as well as statistics provided by the Jarque-Bera test. The White's test was used to examine the presence of heteroscedasticity in the data set. Finally, first-order ARCH effects were also investigated. All tests of hypotheses were conducted using the 5% level of significance. A summary of the results of the verification of the assumptions (misspecification tests), estimated coefficients for the parameters of the model with the corresponding t-ratios and the adjusted coefficient of determination are provided in table 1 below for the three models. A discussion of the results obtained for the analysis of the time series data on consumption is also provided below. Table 1. Summary of the Results for the Three Models Model 1 Model 2 Model 3 Intercept -0.101 -0.033 -0.020 t-statistic value -1.235 -0.174 -0.580 LYJt 1.019 0.756 0.822 t-statistic value 95.857 5.957 8.477 RIJt 98.734 35.773 30.969 t-statistic value 5.759 3.042 2.918 UJt 0.310 0.065 t-statistic value 0.320 0.050 LCJt-1 0.904 0.767 t-statistic value 7.968 9.299 LYJt-1 -0.663 -0.585 t-statistic value -5.368 -6.012 RIJt-1 -23.756 t-statistic value -1.679 UJt-1 -0.084 t-statistic value -0.070 Fit Measures Adjusted R2 0.998 0.999 0.999 Standard Error F(23) 0.023 0.012 0.012 1.061 0.380 Misspecification
Thursday, October 17, 2019
Marketing strategy for Blackmore product in Vietnam market Assignment
Marketing strategy for Blackmore product in Vietnam market - Assignment Example Firstly, the entry mode choice of Blackmore Company to entry Vietnam market will be introduced through the joint venture with local organisation as Traphaco which is seen as the big income of selling the vitamins and nutrition products in Hanoi capital of Vietnam. Secondly, SWOT analysis will be coming with the overview of Blackmore’s product based on its brand, quality, technique, product design in order to predict the potential opportunities in Vietnam market. Moreover, analysing Blackmore’ competitors is showed up including: foreign company as Sanofi Aventis of France and Novartis of Switzerland, the local company as Pharbaco of Hanoi and Pharma of Hochiminh city. Furthermore, the company and marketing objectives will be introduced such as providing and contribution the best Australian nutritional product’s quality to Vietnam, creating the brand equity, gaining over 10% of market share in 3 years and standing on top ten biggest suppliers in the nutrition product with vitamins and supplements in medical industry. Next part coming is generic marketing strategies which is focused on branding. In additional, the market segmentation and market positioning will be provided. These task are considered to target consumers such as young, medium and high income class combined with the positioning of product of high quality and price. Finally, this report will be focused on strategies of promotion and product. To sum up the report, the recommendations and conclusion is given. Table of Contents 1. Executive Summary.................................................................................. 2. Table of contents....................................................................................... 3. Introduction............................................................................................... 4. The brief background to Blackmore Company and product. The summary of macro-environment analysis of Vietnam market................................. 5. Entry mode choice.................................................................................... 5.1 Why choose the joint venture to entry? .............................................1... 5.2 Partner selection................................................................................ 6. SWOT analysis............................................... ........................................ 7. Competitor analysis............................................................................... 8. Company objectives, marketing objectives and generic marketing strategies............................................................................................... 8.1. Company objectives....................................................................... 8.2. Marketing objectives....................................................................... 8.3. Generic marketing strategies for Blackmore in Vietnam market..... 9. Market segmentation and brand positioning for Blackmore product....... 9.1. Market segmentation......................................................................... 9.2. Blackmore’s brand positioning........................................................ 10. Marketing mix strategies............................................................................ 10.1. Promotion strategies.................. ....................................................... 10.2. Product strategies............................................................................. 11. Conclusions.................................................................................................. 12. List reference................
Employment practices and employment law Assignment
Employment practices and employment law - Assignment Example Similar to the court’s position, the name that workers use does not necessarily identify them as employees. Workers, therefore, are not necessarily employees to any company. This implies that by referring to themselves as employees is invalid. However, they still enjoy the protection of the law as workers assigned specific roles to conduct during certain period of their involvement with Friendly. This mean that employment laws are not biased on certain groups of workers and or employees regardless of where they work (Bennett-Alexander & Hartman, 2012). An employer refereeing to workers as independents contractors or employees does not affect or influence the law. This is because; the responsiveness of the employment law does not discriminate between naming system, rules, laws and policies of the company relating to its workers. On the other hand, it somewhat matters how the employer calls his/her employees. If the laws were very strict, referring to the employees would be by relevant designations to easen compliance monitoring (Walsh, 2013). According to Bennett-Alexander and Hartman (2012), one factor that is critical in the determination of the employment status within Friendly is the company’s prohibition of the drivers from operating the business autonomously and developing or creating entrepreneurial opportunities with the prospective and existing customers. It pre-empts a form of molestation in which the drivers (employees) lacked freedom to make free decision and socially interact with prospective customers. The drivers were to follow strict orders from above and probably follow the same without questioning. The best advice that that a person can offer to the Friendly Cab include changing the existing employee operational means that encompass a complete lack of autonomy in going about the daily works. It should also undertake to control the rate of regulation of how the drivers should operate
Wednesday, October 16, 2019
Marketing strategy for Blackmore product in Vietnam market Assignment
Marketing strategy for Blackmore product in Vietnam market - Assignment Example Firstly, the entry mode choice of Blackmore Company to entry Vietnam market will be introduced through the joint venture with local organisation as Traphaco which is seen as the big income of selling the vitamins and nutrition products in Hanoi capital of Vietnam. Secondly, SWOT analysis will be coming with the overview of Blackmore’s product based on its brand, quality, technique, product design in order to predict the potential opportunities in Vietnam market. Moreover, analysing Blackmore’ competitors is showed up including: foreign company as Sanofi Aventis of France and Novartis of Switzerland, the local company as Pharbaco of Hanoi and Pharma of Hochiminh city. Furthermore, the company and marketing objectives will be introduced such as providing and contribution the best Australian nutritional product’s quality to Vietnam, creating the brand equity, gaining over 10% of market share in 3 years and standing on top ten biggest suppliers in the nutrition product with vitamins and supplements in medical industry. Next part coming is generic marketing strategies which is focused on branding. In additional, the market segmentation and market positioning will be provided. These task are considered to target consumers such as young, medium and high income class combined with the positioning of product of high quality and price. Finally, this report will be focused on strategies of promotion and product. To sum up the report, the recommendations and conclusion is given. Table of Contents 1. Executive Summary.................................................................................. 2. Table of contents....................................................................................... 3. Introduction............................................................................................... 4. The brief background to Blackmore Company and product. The summary of macro-environment analysis of Vietnam market................................. 5. Entry mode choice.................................................................................... 5.1 Why choose the joint venture to entry? .............................................1... 5.2 Partner selection................................................................................ 6. SWOT analysis............................................... ........................................ 7. Competitor analysis............................................................................... 8. Company objectives, marketing objectives and generic marketing strategies............................................................................................... 8.1. Company objectives....................................................................... 8.2. Marketing objectives....................................................................... 8.3. Generic marketing strategies for Blackmore in Vietnam market..... 9. Market segmentation and brand positioning for Blackmore product....... 9.1. Market segmentation......................................................................... 9.2. Blackmore’s brand positioning........................................................ 10. Marketing mix strategies............................................................................ 10.1. Promotion strategies.................. ....................................................... 10.2. Product strategies............................................................................. 11. Conclusions.................................................................................................. 12. List reference................
Tuesday, October 15, 2019
Problems of Moral and Social Values Essay Example for Free
Problems of Moral and Social Values Essay â€Å"According to the Greatest Happiness Principle, as above explained, the ultimate end, with reference to and for the sake of which all other things are desirable (whether we are considering our own good or that of other people), is an existence exempt as far as possible from pain, and as rich as possible in enjoyments, both in point of quantity and quality; the test of quality, and the rule for measuring it against quantity, being the preference felt by those who in their opportunities of experience, to which must be added their habits of self-consciousness and self-observation, are best furnished with the means of comparison. This, being, according to the utilitarian opinion, the end of human action, is necessarily also the standard of morality; which may accordingly be defined, the rules and precepts for human conduct, by the observance of which an existence such as has been described might be, to the greatest extent possible, secured to all mankind; and not to them only, but, so far as the nature of things admits, to the whole sentient creation†¦ (Mill, 1863)†           The quotation seemed to imply the thesis made by John Stuart Mill in Chapter 2 of his work Utilitarianism. As he explained the argument of the utilitarians, it was unintelligible for the opponents of the Theory of Utilitarianism to suppose that the principle that they advocate promote the concept of pleasure or that of happiness. The debate on the issue of quality and quantity as the indicator of the greatest utility was described by Mill as nothing but an interpretation of an irrational being. The end of the human conduct implied the standard of morality (Mill, 1863) thus it was meaningless to say that a person withheld his pursuit of happiness or pleasure for the promotion of the greatest utility. In this point, Mill contended that the greatest utility was indeed the same thing which gives the greatest happiness.            As consistently highlighted by the utilitarians, promotion of pleasure and aversion from pain were the only things that a man must take as his ultimate ends. In this way, what satisfied him or gave him happiness was the very thing that gave him the best utility. However, this argument was mistakenly interpreted by the adversaries of the Utilitarian principle by saying that not all men necessarily have the same regard to different objects of pleasure – meaning, their degree or intensity of being satisfied varied. Thus, the adversaries claimed, that the greatest utility for the greatest quantity was not practicable given that one may saw one thing as more valuable than other things while others saw these things as more important than the other one.            Mill attempted to correct this way of looking at the utilitarian principle by, again, applying the most notable comparison between swine or beast and man. Man was higher than the former since man had superior mental faculties which allowed him to judge rationally. He was not easily satisfied by less pleasurable things as how swine and beast would do. Man possessed â€Å"pride†and, much, â€Å"has sense of dignity (Mill, 1863).†He could not stand the case that his pleasures were as low or the same as the swine or beast. Hence, in some way, all men had the same faculties to judge between the lesser and the greater pleasure.            To support this, Mill insisted the role that the â€Å"habits of self-consciousness and self-observation (Mill, 1863)†played. Having the ability to observe, compare, and analyze the way things were presented to him, man could give his judgments on the issue raised earlier. There could be a case that a man would tend to be inclined with lesser pleasures than being in tuned with the greater pleasures but still at some point, man knew which of the pleasures weighs than the other. It was just his moral judgment was weaker and more prone to go before the bodily pleasures.            Mill furthered that this human ability to arrive at moral judgment could be compare with health. Mind and body comprised man. Both required the latter to pursue fuels that would maintain the stability of the two components. Nevertheless, to become healthy, man must be able to realize that the needs of the soul or the mind were far greater than needs of the body. Thus, man could only become healthy if he had successfully done this.            As a result, all men, who all had rational abilities to judge whether one thing had greater value than the other, would not say that the other thing possessed the greater value. This opened the idea that all men recognized things of greater value. They were indeed being urged by their body to choose the lesser pleasures but as a moral agent, they would easily be satisfied by those meager pleasures. Hence they would concur with the common good which offered the greatest good.            Mill’s last argument to support the theory of Utility as the appropriate standard of morality talked about the perceived impossibility to perform pure altruistic acts. Sacrificing one’s single happiness did not necessarily mean that his or her happiness was outweighed by others’ happiness. It only implied that he or she recognized that only by letting go of his or her personal interests that he or she could have achieved the greater happiness possible. And this greater happiness would not only benefit the majority but also himself or herself. Individual happiness then as Mill suggested, was not really neglected or taken for granted but was indeed reinforced by the attainment of the greater good for the greater number (which included the moral agent himself).            To reflect on the arguments raised by Mill, it was true that what made a pleasurable thing pleasurable was the amount of happiness one may get from it or the opportunity to prevent the existence of pain. Everyone would agree with such definition (except in the cases of a masochist which considered the feeling of pain as pleasurable). And since men has the power to make moral judgment which made him not to choose the lesser form of pleasures, his choice must have always on the level as how other rational beings would have.            Being with the choice of other rational beings, a moral agent would then recognize the need to uphold this choice for the achievement or maintenance of the greatest utility or the greatest happiness. Thus, he learned to put aside his lesser concerns to be able to prepare himself to do more elevated efforts for the betterment of mankind. Yet, this did not make him absolutely selfless. Whatever his efforts done even if these may appear for the benefit of other people, still he or she would receive something in return. And that explained his quest for the greatest utility. Reference: Mill, J.S. (1863). Utilitarianism. Aspen Publishers.
Monday, October 14, 2019
Climate change and human health
Climate change and human health Introduction The negative impacts of climate change are numerous and wide ranging. But none are as disturbing as those that pose a serious threat to human health (Smith et al., 2001). Moreover, these negative impacts are extremely complex in nature. Climate change can affect human health in several different ways (Haines Patz, 2004). With a 0.8% rise in the earth surface temperature over the past 30 years ( Solomon et al., 2007) and a further expected increase of 1.1- 6.4 degrees over the next 100 years, climate change would result in volatile global temperatures, fluctuations in the worlds rainfall level, extreme droughts and severe floods all effecting human health adversely (Haines et al., 2005). The effects can be either direct in the form of a life threatening situation or indirect ones, with detrimental consequences for biodiversity integral to human life existence. In addition, climate change can potentially influence the quality and quantity of disease carrying species thereby affecting the pathogens that carry those diseases (Bosello et al., 2006). According to WHO the fluctuations in global temperatures and rainfall have resulted in the deaths of around 150,000 people (Campbell-Lendrum et al., 2003). Furthermore, by 2030 the risk to human health from climate change will almost double (WHO, 2002) Main Threats to Human Health Heat Waves The rise in temperature predicted in future is most likely to cause more severe and prolonged heat waves (Hulme et al., 2002). Increased temperatures usually lead to cardiovascular, cerebral vascular and respiratory diseases, especially in the elderly with high mortality rates (Haines et al., 2006). Heat waves are particularly dangerous for urban areas due to the urban heat effect often resulting in higher temperatures than less crowded rural areas. In the absence of a co-ordinate effort, the threat of a heat wave is all the more real. In 2003 several thousand people died due to heat wave across Europe (Johnson et al., 2005; IVS, 2003). Severe heat can also lead to increase in humidity with negative implications for human health (Haines et al., 2006). Floods Droughts As the frequency and severity of floods and droughts increase, so do their devastating impacts on human health, in a direct and an indirect way. Human life can be threatened or even lost as a result of flooding or injury caused due to it. There are long term negative impacts on the victims mental state associated with flooding (French et al., 1983). Moreover, flooding can cause the release of toxic chemicals thereby constituting a health hazard (Albering et al., 1993-94). Flooding often leaves behind a legacy of diarrhoeal and diseases related to respiration especially in crowded regions. Mental illness like anxiety can creep in after the damages of flooding in a population (Haines et al., 2006). Droughts can lead to infectious diseases, extreme dry conditions which are highly conducive to forest fires and severe food shortages leading to low nutrition (Bouma et al., 1997). Malaria Infectious Diseases Infectious diseases are mostly caused by agents normally in the form of insects. These insects are sensitive to slight temperature variations. With the increase in temperature due to climate change, there is a likelihood that the population of these carrier agents would increase. Temperature isnt the only variable affected by climate change that helps such disease carriers. Factors like humidity, sea level rise, soil moisture and alteration in rain forest can positively affect the numbers of these insects. This can lead to an increase in the overall incident rate as well as an increase in the duration of the transmission season (Kovats, 2003). Addressing the Issue Policy making with regard to assessing the impacts of climate change on human health needs to address two basic notions: vulnerability in future as well as the cost in terms of resources needed to implement the strategies in order to reduce or mitigate the effect of climate change on human health (Ebi, 2008). Successful policies should be able to address the following basic issues: select the most climate sensitive health problems, the relationship between climate change and current health patterns, strategies available to help address the issue of climate change in terms of its costs on human health, and how can we successfully implement the health related climate change strategies (Ebi, 2008). Conclusion The issue of climate change carries enormous significance with respect to its impacts on human health. Several studies indicate a clear linkage between the climate change and its negative effects on human health. Climate change negatively influence human health in numerous ways with severe repercussions. Changes in the different variables associated with climate change help nurture the conditions harmful to human health. Policy making therefore needs to address some of the most sensitive and pressing issues in this regard. We should be able to target the issues in a more economic way as the costs of climate change mitigation are already perceived to be too high. BIBLIOGRAPHY Albering HJ, van Leusen SM, Moonen EJC, Hoogewerff JA, Kleinjans JCS. Human health risk assessment: a case study involving heavy metal soil contamination after the flooding of the river Meuse during the winter of 1993-1994. Environ Health Perspect 1999;107:37-43 Bosello, F., Lazzarin, M., Roson, R., Tol, R.S.J., 2004. Economy-Wide Estimates of the Implications of Climate Change: Sea Level Rise, Research Unit Sustainability and Global Change FNU-38. Centre for Marine and Climate Research, Hamburg University, Hamburg. Bouma MJ, Kovats SR, Goubet SA, St H, Cox J, Haines A. Global assessment of El NinËÅ"os disaster burden. Lancet 1997; 350:1435-8. Campbell-Lendrum, D., Pruss-Ustun, A., Corvalan, C., 2003. How much disease could climate change cause? in: McMichael, A.J., Campbell-Lendrum, D., Corvalan, C., Ebi, K.L., Githeko, A.K., Scheraga, J.S., Woodward, A. (Eds.), Climate Change and Health: Risks and Responses. World Health Organization, Geneva, pp. 133-158. Ebi, K. Burton, I. 2008 Identifying practical adaptation options: an approach to address climate change-related health risks. Environmental Science Policy II, 359-369. French J, Ing R, Von Allmen S, Wood R. Mortality from flash floods: a review of national weather service reports, 1969- 81. Public Health Rep 1983;98:584-8. Haines, A. Patz J. Health effects of climate change. J Am Med Assoc 2004;291:99-103 Haines, A., Kovats, S., Campbell-Lendrum, D. Corvalan, C. ( 2006) Climate change and human health: Impacts, vulnerability and public health. Public Health (2006) 120, 585-596 Hulme M, Jenkins GJ, Lu X, et al. Climate change scenarios for the United Kingdom: the UKCIP02 scientific report. Norwich: Tyndall Centre for Climate Change Research, School of Environmental Sciences, University of East Anglia; 2002. Institut de Veille Sanitaire. Impact sanitaire de la vague de chaleur en France survenue en aouˆt 2003. De ´partement des maladies chroniques et traumatismes, De ´partement sante ´ environment, Paris; 2003. Johnson H, Kovats RS, McGregor GR, et al. The impact of the 2003 heatwave on mortality and hospital admissions in England. Health Stat Q 2005;25:6-11. Kovats S, Bouma MJ, Hajat S, Worrell E, Haines A. El Nino and health. Lancet 2003;361:1481-9. Shea, K., Truckner, R., Weber, R. Peden, D. 2008 Climate change and allergic disease. Clinical reviews in allergy and immunology Smith, J.B., Schellnhuber, H.-J., Mirza, M.Q., Fankhauser, S., Leemans, R., Erda, L., Ogallo, L., Pittock, B., Richels, R., Rosenzweig, C., Safriel, U., Tol, R.S.J., Weyant, J.P., Yohe, G.W., 2001. Vulnerability to climate change and reasons for concern: a synthesis. In: McCarthy, J.J., et al., (Eds.), Climate Change 2001: Impacts, Adaptation, and Vulnerability. Press Syndicate of the University of Cambridge, Cambridge, UK, pp. 913- 967. WHO, 2002. The World Health Report 2002 Reducing Risks, Promoting Healthy Life. World Health Organization, Geneva.
Sunday, October 13, 2019
Once And Future King: Analytical Paper :: essays research papers
Once And Future King: Analytical Paper Sir Lancelot's intense desire to perform heroic deeds was brought on by his lack of confidence and insecurity. His childhood was spent in seclusion, training for a job desired only to escape the hellish life that his hideous face would otherwise hold in store for him. Lancelot's adulthood was spent trying to overcompensate for this ugliness by performing Herculean feats and good deeds. And the twilight years of his life were spent in remorse for the bad things he had done. Although held up to almost godlike stature in T.H. White's novel The Once And Future King, Lancelot was truly the most human character of them all. Lancelot's childhood was spent sequestered, training to be a knight in order to escape from his ugliness and give him something to be proud of. Lancelot wanted to be a knight because he felt that he was a depraved, lubricious soul. His hideously twisted visage was a sure sign to him that deep in his inner self he was an evil person. Night and day he brooded over his ugliness, his malfeasance. â€Å"The boy thought that there was something wrong with him. All through his life - even when he was a great man with the world at his feet - he was to feel this gap: something at the bottom of his heart of which he was aware, and ashamed, but which he did not understand.†(p.315) As a result of this fear of himself, Lancelot trained to become a knight. The knighthood, a bastion of chivalry and nobleness, would be the only way to counter his immoral soul. Secondly, Lancelot lived a baneful existence as a boy. He was kept away from all the other children and spent his every waking hour with a fiery old man in a single room, learning to fight, joust, and fence. This may seem extreme to some, but for Lancelot, it was all he had. â€Å"Three years may seem a long time for a boy to spend in one room,...unless you realize from the start that...this rather sullen and unsatisfactory child, with the ugly face, did not disclose to anybody that he was living on dreams and prayers.†(p.320) While this single- minded seclusion would make him a great knight, it also kept him alone. He had no childhood friends, nobody to relate to, nobody to tell him that he was a good person. Consequently, his misgivings about himself took a firm root. Finally, Lancelot was filled with terrible, hateful thoughts toward himself and his face. The only job he could succeed in would be the knighthood, a profession in which
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