Global economy during the late nineteenth and early twentieth century

Global economy during the late nineteenth and early twentieth century Globalization is the integration of regional economies through trade by reduction of international trade barriers in order to increase material wealth of the people and improve the economies of the nations through good global relations, competition and specialization. The objective of globalization is to enhance the interdependence, business operations and connectivity on an international level with respect to the socioeconomic, cultural, religion, biological, environmental and scientific aspects (Fiss, Hirsch, 2005, p. 46).Advertising We will write a custom term paper sample on Global economy during the late nineteenth and early twentieth century specifically for you for only $16.05 $11/page Learn More Globalization started in a primeval form especially after the first human settlement in various parts of the world. However, today global economy comprises not only economic aspects or global marketplace but also communication revolution, which is the drivin g force. For instance, the turning point was the late 1960s and early 1970s, when Nora Quebral set up the first effective communications satellite, which made possible direct communication from one part of the world to another. According to Clark (1998), ‘‘that changed more or less the whole of late 20th century history’’ (p. 488). In addition, Soviet Union declined because it could only compete in the old industrial economy but not in the new global electronic world. Communication transformation has enhanced interaction among the regions and has brought a paradigm shift of handling issues especially in the 20th century (Alexander, Korine, 2008, p. 76). Advancement in technology has made the current globalization be very much intense, steady and rapid. It has become international dynamic with all the continents either affected or engaged. Primarily, there was less trade in the global money markets compared to the current situation, where about trillion dol lars turned over daily. While globalization has its own merits and demerits, the paper tables the many benefits and costs of globalization as depicted in the late nineteenth and early twentieth century global economy. Specification of an Economic model In comprehending the benefits and costs of globalization, economic modeling gives a coherent and abstract pattern of isolating and arranging complex causes and effects within various interrelated elements in an economy. Although economists have used empirical, visual, mathematical models among others, simulation model provides a more clear relationship between globalization, poverty and inequality, and the factors for high Gross Domestic Product (GDP) (Stulz, 2009, p. 375). Since simulation modeling exemplifies the best elements of mathematical, empirical and other quantitative models, its manipulations do not require proficiency in mathematics. Therefore, in my view, computer simulation is most appropriate in determining nationâ€⠄¢s economic changes due to globalization as it allows a person to test for short-term and long-term effects, and to alter a whole range of variables at his or her convenience compared to other models, which suffer from lack of precision and reliability (Routledge, Francis, 2001, p. 120).Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More What benefits did the globalization affect? Globalization has helped to shatter the regressive customs responsible for discriminating against people based on sex, race and/or religious beliefs. As such, it has influenced the lives of women in the world positively. ‘‘It is an antidote to the intolerant fundamentalism that oppresses millions of the world’s poorest-majority women’’ (Clark, 1998, p. 492). In the globalized world where competition is paramount, people value the roles of women. Traditionally, majorit y of the cultures never recognized the participation of women in development. However, globalization has rapidly improved the social and economic status of women in the developing world to an extent that those countries that exclude women from participating in the major development project fall ever behind (Kose, 2009, p. 7). In addition, a society, which embraces education for women, has the benefit of remarkable social advancement. As a result, any literate women have a tendency of giving birth to fewer children as well as contributing significantly towards improving her country’ economic outlooks (Fiss, Hirsch, 2005, p. 37). Financial independence of women enhances their stature in their communities. Comparably, women are economical in their spending than their spouses as they focus on important areas for social development such as, ‘‘the education, health, and nutrition of their families’’ (Jean, Ferry, 2009, p. 3). Globalization has resulted i nto integration of developed and developing nations. Rapid democratic system of information and technology and economics are the major driving force for globalization, which has turned out to be an extremely progressive and liberating strength (Routledge, Francis, 2001, p. 92). As such, globalization presents some hope for the poor nations that they would, one day, benefit from the fruits of Western liberal traditions (Kose, 2009, p. 2). Even though some ague that globalization has resulted into exploitation of the poor nations by the rich ones, in my view, that is total confusion between corruption and globalization. According to research conducted during 1990s on ‘‘national incomes around the world, the income of rich globalized nations increased by two percent each year’’ (Armstrong, 2000, p. 470). Strategically, practicing global trade allows poor countries to continue developing economically and socially by increasing national incomes to fund innovati on and development (Mouhammed, 2009, p. 50). In addition, a country that capitalizes on production at a lower opportunity cost than other countries receive the maximum benefits of the trade resulting into higher Gross Domestic Product (GDP). Comparably, ‘‘poor, more globalized nations had a higher increase in income per year than poor, less globalized nations’’ (Fiss, Hirsch, 2005, p. 42). Therefore, if all countries have a relative advantage, it means that all of them can gain from the trade.Advertising We will write a custom term paper sample on Global economy during the late nineteenth and early twentieth century specifically for you for only $16.05 $11/page Learn More The introduction of advanced technology in the global market result to a steady boost in the demand for commodities as well as maximum utilization. As per statistics, people exchange ‘‘more than $1.5 trillion in the worlds currency markets daily while around one-fifth of products and services are generated per year are bought and sold’’ (Fiss, Hirsch, 2005, p. 33). As a result, child labor has dropped with an increase in a country’s income. Since trade enhances economic growth, globalization results in minimal child labor. For instance, from 1960, about thirty-two percent of the children in low-income countries participated in the labor force. However, forty years later, especially after the ‘‘massive expansion in international trade, child labor in the same countries had declined to nineteen percent’’ (Armstrong, 2000, p. 464). Globalization has also lifted the poor towards wealth-alleviated poverty especially in the developing nations. According to UNDP, the last fifty years, has shown a faster global poverty reduction than it had been in the past five hundred years. Notwithstanding, the average income in developing nations has been doubled in the last thirty years (Jean, Ferry, 2009, p. 7). Therefore, globalization enables the poor nations to benefit from the rich ones because when trade and capital movement link the countries, the poor ones seem to gain most. Moreover, wealth also dictates and/or improves the quality of the environmental quality and its resources. Globalization has also lowered the inflation of participating nations. Since 1970s, rising international competition has necessitated the industries to improvise progressively more. The expansion and vitality of capital markets has contributed significantly to the prosperity of most nations. Technological development has enabled the industries to improve their productivity in order to survive the global competition (Jean, Ferry, 2009, p. 10). Accordingly, the integration of technologies has developed new financial instruments leading to an upsurge in productivity in the financial sectors. Because financial globalization has substantially integrated global economy, it has given international in vestors several options of investments opportunities while borrowers access a much wider market for savings in order to reduce their cost of capital. For instance, in the past twenty years, ‘‘the stock of foreign direct investment resources has increased rapidly as a percentage of gross world product’’ (Alexander, Korine, 2008, p. 74).Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Therefore, globalization has encouraged expansion of local capital markets and financial sectors through technological transfer and employment openings. In addition, market competition has also stopped the businesses from unnecessarily increasing prices for their commodities (Kose, 2009, p. 4). Due to integration of the global market, countries have minimized the effect of inflation. Globalization benefits the nations through multinational corporations and business outsourcings. Globalization minimizes the international trade barriers thereby, giving both the developed and the developing countries equal participation in the free trade in the free markets (Fiss, Hirsch, 2005, p. 44). Multinational tend to invest in the developing nation due the availability of cheap labor and in turn bring new ‘‘machinery, better technology, new management skills and production ideas, a larger market and education of workers’’ (Armstrong, 2000, p. 476), consequently, raises output, and wages. The income can eventually enable families to send their children to school and to provide some health care. For instance, during the last forty years, wages in third world nations rose from ten percent to thirty percent of the American industrial wage (Routledge, Francis, 2001, p. 117). As growth occurs due to globalization, child labor will definitely diminish over time. At what costs did the globalization occur? International Capital Mobility is one costs of globalization. Several participants in the globalized economies so and many economists suggest that globalization causes them to feel that their economy is in an unstable situation (Mouhammed, 2009, p. 44). The nation can suffer a loss in its share of the world’s capital at the hands of the global capital market. Furthermore, there is no global control to intervene for compensation (Fiss, Hirsch, 2005, p. 39). Several individuals believe that globalization is very unfair because it gears the worldà ¢â‚¬â„¢s capital towards the commercially advantaged economies. Moreover, many of the catch-up countries, for example, China have increased their national investment rate as much as their domestic savings rate (Jean, Ferry, 2009, p. 5). Therefore, the high investment levels in the emerging economies are not sucking capital out of the frontier economies. Globalization does force the workers- adults and children-in poor nations into hard labor as a necessary means for endurance. For instance, in some developing countries, sending children to work is a step towards family survival. Comparably, there are no enough schools and medical care in developing nations as in the wealthier countries (Fiss, Hirsch, 2005, p. 42). Traditionally, adequate education and proper health care was available for only better-off families who could afford them. Due to hard conditions of living in the developing countries, some of the female children find themselves into prostitution as a means of getting in come (Kose, 2009, p. 3). In addition, globalization has resulted into global warming, which has adversely affected the climatic conditions of the world. Consequently, farmers in the developing countries with inferior agricultural methods and tools are in constant fear of a failure of their crops, as that would result into starvation (Mouhammed, 2009, p. 48). Terrorism act in another cost of globalization. Terrorism activities have been a major problem to world’s stability. The proponents capitalize on free movement across borders and uses internet and mobile phones for recruit and communications among themselves. Nevertheless, they have access to dangerous weapons, which enhances their ability to cause destruction and loss of lives (Alexander, Korine, 2008, p. 73). The free movements do not only result into terrorism but also result to the spread of deadly diseases such as HIV/AIDS among others, increase human trafficking, undesirable foreign culture through televisions and the Internet as well as the spread of junk food, which adversely affects the lives and health of the developing nations. As Daly points out, †¦people are consuming more junk food from these joints, which have adverse impact on their health (1999, p. 36). A disadvantage of global marketing is inconsistency in consumer needs. If global market is not able to address the uniqueness of customers, then consumers are disadvantaged as they might get their preferences (Stulz, 2009, p. 373). For instance, a customer in one country may be different and/or react differently from those in another country in terms of their countries’ specific brand and product (Armstrong, 2000, p. 468). In addition, there are infrastructural differences and conflicting laws and policies that make global approach difficult to devise (Jean, Ferry, 2009, p. 13). Otherwise, infrastructure may be obstructing the process in one nation while accelerating the same process in another. In such case, internatio nal strategy becomes inconsistent and inadmissible. Another cost of globalization is inequality. Anti-globalists argue that globalization result into an unequal distribution of goods and capital in the world. Accordingly, few individuals enjoy the wealth from the natural resources while most people in the developing nations are yet to receive the perceived benefits of globalization. Therefore, ‘‘those who have capitalism grow rich as those who do not stay poor’’ (Daly, 1999, p. 35). Although, in the 18th century, poverty level was the same on both continents with Europe slightly wealthier than the rest, capitalism in Europe made gave them freedom to escape poverty. The developing nations have unequally distributed the benefits from economic growth making poverty remain stubbornly high (Mouhammed, 2009, p. 34). However, in the last ten years, inequality has increased in both the advanced and emerging economies. Globalization has resulted into loss of million jobs. For instance, it has created a different situation in America. The poll conducted for Wall Street Journal and NBC news indicates that, ‘‘ its impact has been so great on jobs and career in the financial sector, and securities, commodities and other investments’’ (Armstrong, 2000, p. 462). Globalization has also created economic liberalization where workers can emigrate and take jobs in industrial countries and/or work in outsourced industries in their home countries. More US’ nationals have lost jobs due to cheaper labor provided by these emigrants, some whom are political refugees (Clark, 1998, p. 496). The mobility of highly skilled professionals is so high that US opportunities attract the attention of professionals from almost all the nations in the word. How did that affect the global economy today? Globalization has integrated the world’s economies because mobile phones and the Internet have brought human beings closer by making t he world become a smaller place. Such products were once confined to only western countries (Daly, 1999, p. 34). However, with globalization, they are nowadays available across the globe. Today’s developments in traffic communication and transportation make people reach their destination in a somewhat short span of time. In addition, advancement in technology use in media coverage has improved human rights as it draws awareness of the world to human right and freedom abuses (Fiss, Hirsch, 2005, p. 51). Technologies such as computer and the internet have made it easier for work outsourcing to any part of the world that has an internet connection. The concept of outsourcing has influenced the economy of both the developing and developed nations. Developed countries have ‘‘outsourced manufacturing and white-collar jobs to developing countries like China and India’’, leaving less opportunities for nationals (Alexander, Korine, 2008, p. 72). For instanc e, most companies outsource manufacturing jobs and software development, editing, customer support, insurance, marketing, and accounting job to China and India respectively where the costs of production are cheaper. Therefore, companies that outsource the job reap the maximum benefit due to lower costs of production (Mouhammed, 2009, p. 32). As a result, outsourcing improves the economy of the developing nations because their workers learn how to use latest technologies while it hampers the economic growth of the developed nations. Globalization acts as a gain to the world economy. It has created free trading environment for the mutual benefit of the countries. As such, it has influenced the financial state and the industrial sector of the nations (Tomohara, Takii, 2011, p. 513). Globalization has given birth to global market, which in turn has widened the accessibility to a variety of both local and foreign commodities based on industrial productions (Fiss, Hirsch, 2005, p. 35). Through the formation of a common global market, competition has forced the firms to lower their prices thereby benefiting the consumers. Politically, globalization has helped in the ‘‘formation of a world government to normalize the existing interactions among countries by ensuring that rights emerge out of economic and social globalizations’’ (Clark, 1998, p. 482). Therefore, it has initiated somewhat amicable interactions among the nations. The Economic Impact on Developed Nations Globalization (EIDNG) forces companies and businesses to acclimatize to diverse strategies based on new principles, which tend to stabilize the rights and interests of the people and the community (Daly, 1999, p. 33). In addition, the fact that globalization allows businesses to compete internationally, means that there is a remarkable ‘‘change for business leaders, labor and management by legally accepting the input of workers and government in developing and imple menting company policies’’ (Armstrong, 2000, p. 472). The involvement of community and the government can help the company to reduce it risks through diversification. Notwithstanding, globalization provides initiatives for reducing macroeconomic instability on output and spending through risk diversification. Moreover, World Bank reports that globalized nations have reduced government outlays, taxes, and levels of corruption. However, globalization has negatively influenced some economies, which depend on agriculture as the backbone of their economic development. Climate changes caused by global warming and pollution adversely affect agricultural outputs (Tomohara, Takii, 2011, p. 520). Globalization has increased utilization of non-renewable resources, at the same time ‘‘contributing to the increase in pollution and global warming’’ that raises the global temperature (Stulz, 2009, p. 366). Conclusion The current state of the world economy is due to the factors of globalization. While some sectors and/or nations have absolutely benefited out of globalization, it has badly hit some countries (Mouhammed, 2009, p. 38). Globalization has benefited the global economy by bringing reformation at the international, national and sub-national levels, integrating financial markets hence hindering entrepreneur economic and social relations through ‘‘multilateralism and microeconomic phenomena’’ (Daly, 1999, p. 32). Globalization has also enhanced global trade, short and long-term investments, technological advancement, competition and diversification- leading to reduced prices, greater efficiency and greater economic growth. The negative impacts of globalization are attributed to lack of proper management of the globalization process. It was the main cause of the Great Recession in the US and many other nations. Many Americans considers the relative decline in US power as being due to its high trade imbala nce caused by globalization (Alexander, Korine, 2008, p. 71). Accordingly, globalization has opened the world boundaries- exposing people to harm of terrorism, human trafficking, drugs and pornography. In addition, it has marginalized the uneducated and low-skilled employees; caused high salary of capital and has destroyed national industry and jobs as claimed by reformists and revolutionists who argued that income inequality of the nations is due economic globalization (Clark, 1998, p. 490). There is, therefore, little doubt that globalization has both benefits and harms towards people and the world. However, responsible authorities can provide the best solution to reduce the harms of globalization. Reference List Alexander, M., Korine, H. (2008). When you should not Go Global. Harvard Business  Review, 86(12), 70-77. Armstrong, D. (2000). Globalization and the Social State. Review of International  Studies, 24(4), 461–478. Clark, I. (1998). Beyond the Great Divide: Gl obalization and the Theory of International Relations. Review of International Studies, 24(4), 479–498. Daly, H. (1999). Globalization versus Internationalization-Some Implications. Journal for Ecological Economics, 3(1), 31–37. Fiss, P., Hirsch, P. (2005). The Discourse of Globalization: Framing and Sense Making of an Emerging Concept. American Sociological Review, 70(1), 29–52. Jean, P., Ferry, S. (2009). Reshaping the Global Economy. A quarterly magazine of  The IMF, 46(1), 1-15. Kose, M. (2009). Frontiers of Research on Financial Globalization. IMF Staff Papers,  56(1), 1-7. Mouhammed, A. (2009). The costs and benefits of globalization in light of the recent Recession in the American economy. Journal of International Business Economics, 9(3), 32-45. Routledge, T., Francis, B. (2001). Globalization, the reformist Left and the Anti-Globalization Movement, Democracy and Nature. The International Journal of  Inclusive Democracy, 7(2), 86-121. Stulz, R. (2009). Securities Laws, Disclosure, and National Capital Markets in the Age Of Financial Globalization. Journal of Accounting Research, 47(2), 349-390. Tomohara, A., Takii, S. (2011). Does globalization benefit developing countries? Effects of FDI on local wages. Journal of Policy Modeling, 33(3), 511-521.

12 Famous Artists on What Art Means to Them

12 Famous Artists on What Art Means to Them For an artist, the canvas is a mouthpiece. The artist speaks with vibrant colors, bold strokes, and fine lines. She whispers her secrets, shares her passion, expresses her anguish, and taunts your sensibilities. Are you ready to hear the language of art? Art inspires people. Consider the works of Michelangelo, Picasso, or Leonardo da Vinci. People throng to museums to admire their work. Their paintings, murals, and sculptures are subjects of deep academic interest. These great artists lived several centuries ago, yet their work continues to inspire new generations of artists. Famous Artists and What They Say About Art These quotes from 12 famous artists provide insight into the art world. Their words infuse a new surge of creativity. They urge you to get inspired to pick up your paintbrush and palette. Brett WhiteleyAustralian avant-garde artist Brett Whiteley continues to spur the creativity of artists, and common people, across the world. He won Australia’s most respected award, Archibald, the Wynne, and Sulman, twice. Whiteley created his art in Italy, England, Fiji, and the U.S. Art should astonish, transmute, transfix. One must work at the tissue between truth and paranoia. Edward HopperAmerican realist painter and printmaker Edward Hopper was famous for oil paintings, but he also made his mark as a watercolorist and etchings. Regular American life and the people were two of Hopper’s muses.   If I could say it in words, there would be no reason to paint. Francis BaconIrish-British figurative painter Francis Bacon is best known for the boldness of his art. The imagery that he used was raw and evocative. He is best known for his works, Three Studies for Figures at the Base of a Crucifixion (1944), Study for Self-Portrait (1982), and Study for a Self Portrait - Triptych (1985-86). The job of the artist is always to deepen the mystery. Picasso is the reason why I paint. He is the father figure who gave me the wish to paint. MichelangeloOne of the best-known painters and artists from the Renaissance age, Michelangelo and his works have shaped western art. The Italian sculptor, painter, poet, architect, and engineer is famous for painting the scenes from Genesis on the ceiling and depicting The Last Judgment on the wall of the Sistine Chapel in Rome. He was also the architect of St. Peter’s Basilica. If people knew how hard I worked to get my mastery, it wouldnt seem so wonderful at all. Pablo PicassoSpanish artist Pablo Picasso has been one of the most powerful artists of the 20th century. He co-pioneered the Cubist movement and is most well-known for works such as proto-Cubist Les Demoiselles d’Avignon (1907) and Guernica (1937).   As a child, I drew like Raphael but it has taken me a lifetime to draw like a child. Art washes away from the soul the dust of everyday life. Every child is an artist. The problem is how to remain an artist once he grows up. Paul GardnerScottish painter Paul Gardner espouses European and Scottish artistic conventions through this art. Buddhism and Eastern philosophy have been his major influences. A painting is never finished - it simply stops in interesting places. Paul GauguinFrench post-Impressionist artist Paul Gauguin received true recognition only posthumously. His style of experimenting with colors made him stand apart from Impressionists. Gauguin was an important member of the Symbolist movement, and it led to the creation of the Synthetist style, Primitivism, and return to pastoral styles.   I shut my eyes in order to see. Rachel WolfRachel Wolf is an American artist and freelance editor. She has edited numerous books on painting such as Keys to Painting: Fur and Feathers, Watercolor Secrets, Strokes of Genius: The Best of Drawing, among others. Color is fun, color is just plain gorgeous, a gourmet meal for the eye, the window of the soul. Frank ZappaAmerican musician Frank Zappa made music for over three decades. He played rock, jazz, and other kinds of music while also directing films and music videos. Zappa was feted with the Grammy Lifetime Achievement Award in 1997.   Art is making something out of nothing and selling it. Lucian FreudGerman-born British painter Lucian Freud was celebrated for his impasto portrait and figure paintings. His art has a psychological angle and often explores the uncomfortable connection between the artist and the model. The longer you look at an object, the more abstract it becomes, and, ironically, the more real. Paul CezannePaul Cezanne was a French artist and post-Impressionist painter. Paul Cezanne is responsible for providing a link between the 19th century Impressionism and 20th century Cubism. Cezanne’s charm lay in the fact that even though critics trashed him, younger artists revered him during his lifetime. There is a logic of colors, and it is with this alone, and not with the logic of the brain, that the painter should conform. Robert DelaunayFrench artist Robert Delaunay started the Orphism art movement along with his wife, Sonia. His art used symmetrical shapes, and in later life became more abstract. Painting is by nature a luminous language.

MGT 430 MIS Lesson 2 Case Study Example | Topics and Well Written Essays - 750 words

MGT 430 MIS Lesson 2 - Case Study Example One of the primary issues with the failing modernization program prior to review was a constant widening of project scope (aka creeping) that ultimately resulting in years of work and billions of dollars lost. By placing responsibility on many business units instead of the singular existing ITS department, these potential overruns would be avoided due to the increased and multi-focused scrutiny on project development. Another issue identified by the Oversight Board was the lack of trust between departments involved in the implementation and monitoring of this program. Again, involving many sections of the business will necessarily result in the need to establish an effective web of information, rather than the quarantined nature of the previous development committee. As mentioned above, placing responsibility for scope changes on business units would be desired due to the ability of each unit to focus on development as it impacts their specific unit. The variety of perspectives will necessitate the interaction of many sections, and should result not only in reduced overruns but also in trust growth within the company as they come to be better acquainted with the perspectives of each. Assigning these responsibilities to either the existing ITS, BSM, or Prime would result in the segregation of development from profit operations, and would reduce the likelihood of cooperation. Creating an environment of trust in any organization is an important but difficult task. In the college situation, the most effective approach would be similar to assign ownership and development responsibilities to as many sections of end-users as is possible (maximize without making it unmanageable). Including business units (departments), student committee(s), vendors, and the existing IT department instead of an isolated BSM type committee would necessitate interactions and exchanges of perspective throughout the system

Science and Religion Essay Example | Topics and Well Written Essays - 1500 words

Science and Religion - Essay Example Also, through analyzing scientific evidences in comparison with religious dogma, this paper will present balance examination without prejudice for the purpose of finding out the truth. Both science and religion are important aspects of human lives. Consideration of this important issue will surely help individuals to see the relevance and implications in our lives to attain a more meaningful life. The conflict between religion and science had traveled a long way in the field of human history. Way back in the era when the church strongly believed the dogma disseminated by ancient philosophers that the sun and all the planets were revolving around the earth. A religious enmity aroused when Copernicus introduced the concept of heliocentric system, wherein the sun was the central point and all the planets and heavenly bodies were revolving around it. The conflict clashed when a more aggressive Astronomer in the person of Galileo Galilei supported the Copernican theory after he discovered the telescope and thereby pronounced guilty and sentenced by the Pope into a house arrest spending the last eight years of his life (Zoledziowski, 1993). Many people believe that Galileo’s stance has left an indelible mark as a great triumph of science over religion. The effects of heated controversy between science and religion are still being felt today. Since then, many strongly believed that science and religion became mortal enemies and hopelessly incompatible. Over the centuries, scientifically inclined persons have been alienated from religion because they presumed that religion would be an inherent threat to scientific progress. On the other side, religious persons tend to believe that science induces destruction of faith because scientists’ misinterpretation of facts undermines the beliefs of the pious. Such one is William Provine’s, interpretation of Darwin’s theory of evolution. Provine is a professor in the Department of Ecology and Evolution ary Biology at the distinguished Cornell University, As Butt (2005) noted Provine’s interpretation in his keynote address that Darwin’s naturalistic evolution is perfectly understood that one of the clear consequence of this theory is considering life has no ultimate meaning. If life is a product of evolution rather than by creation of an intelligent designer, therefore, life’s existence has no definite purpose. In modern history, it appears that the basic idea of the conflict of science and religion is about the assessment of the universe and its laws, and the very existence of life. While the religious groups strongly believe that life and the universe are created by a superpower deity, or deities, some scientists intensely deny this belief because they reject the idea of miracles, and they bluntly assert that all the laws that govern the universe and the very existence of life on earth can be expounded by logical analysis, as well as denying the divine interv ention. By defining the words religion and science we may seemingly understand why the conflict arises. Obviously, the definition presents two different notions originating from different aspects of human behaviors. Religion is basically related to faith, especially faith on a superpower deity that created all things though not beheld. On the other hand, science is the methodical study of forces, nature and its development, origin of species, wherein conclusive assumptions must be based on analysis of evidence rather than intervention of divine forces. But noticeably, while science is precise in translating the things that surround us, beyond the capacity of science is unearthing of matters related to morality and spiritual meaning

Some Common Leadership Styles Essay Example for Free

Some Common Leadership Styles Essay Discuss the advantages and disadvantages of some common leadership styles and evaluate how modern managers can best implement them to deal with the challenges they face in the 21st century. Todays increasingly competitive, dynamic business landscape requires the ability to change, evaluate, and implement new courses of action (Bucic, Ramburuth and Robinson, 2010: 228-248). The importance of the leadership and its significant impact on the businesss performance , productivity of the organization and turnover is clear for most business people and scholars. It is a subject that has long excited interest among people (Yukl, 2010: 19). In addition, it has been classified in many different ways. However, this essay intends to explore only the advantages and disadvantages of charismatic and transformational style. Furthermore, it looks at how todays leaders can exploit these styles so as to overcome the 21st century challenges. Charismatic leaders can be defined as those who have high self-confidence, a clear vision, engage in unconventional behavior, and act as a change agent, while remaining realistic about environmental constraints. Their key behaviors include role modeling, image building, articulation of goals, showing confidence and arousing follower’s motives (McLaurin and Al Amri, 2008: 15). Although charismatic style has a lot of positive points, it has some negatives as well. Charismatic leaders can have a powerful stimulus on an organization, but the consequences are not always advantageous. The personalized power orientation of these leaders can make them insensitive, manipulative, domineering, impulsive and defensive. They emphasize devotion to themselves rather than to ideological goals. Charismatic leaders tend to make more perilous decisions that can result in a serious failure (Yukl, 2010: 294). The world has seen some great charismatic leaders in its history namely, President John F. Kennedy, Winston Churchill and the late Apple founder Steve Jobs. A second style of leadership is transformational which is an expansion of transactional leadership (Avolio and Bass, 2002: 42). These leaders are those who stimulate interest among followers to view their work from new perspectives, generate awareness of the vision of the organization, develop followers to higher levels of ability and potential, and motivate colleagues and followers to look beyond their own interests toward those that will  benefit the group. Although transformational style may sounds powerful and be the most favorable to driving safety, it has some drawbacks too. Transformational style is not as operational in cases where followers are not experienced enough. It could also be very time consuming. As a result, it is not suitable in crisis a genuine emergency or high-pressure economy, where time is valuable. The 21st century with its fast changing and erratic environment in the business world, requires leaders to be more effective. In order to be more successful in current atmosphere and to deal with politico-socio-economic challenges, leaders should use a combination of types of leadership. In other words, moving among styles will help them to achieve their goals more efficiently (Goleman, 2000). For some theorists, it is the essence of leadership and everything else is secondary (Yukl, 2010: 296). In conclusion, the last two decades of the twentieth and now the early part of the twenty-first century presented organizations with unparalleled levels of uncertainty, turbulence, rapid change, and intense competition. Many organizations are struggling with the need to manage chaos, to undergo internal cultural change, to reinvent their businesses, to restructure their organizations, to adopt or invent new technologies, to reduce organizational boundaries, to discover the path to continuous improvement, to globalize their operations, and to invent high involvement organization and management systems (Yukl, 2010). In the face of such challenges, the transformational and charismatic leader, sometimes referred to as the visionary or inspirational leader, represents a style of leadership that may be capable of facilitating adaptation to a changing environment and navigating organizations through the chaos of the twenty-first century. (Jon L.Pierce, 2008: 337) Reference List: Avolio, B.J. and Bass, B.M. (2002) Developing Potential Across a Full Range of Leadership, New jersey: Lawrence Ebrlbaum Associates, Inc. Bucic, T., Ramburuth, P. and Robinson, L. (2010) Effects of leadership style on team learning, Journal of Workplace Learning, vol. 22, no. 4, Jan, pp. 228-248. Chaudhry, A.Q. and Javed, H. (2012) Impact of Transactional and Laissez Faire Leadership Style on Motivation, International Journal of Business and Social Science, vol. 3, no. 7, April, pp. 258-264. Goleman, D. (2000) Leadership that gets results, Business And Economics, Business And EconomicsBanking And Finance, vol. 78, no. 2, Mar/Apr, pp. 78-90, Available: http://search.proquest.com/docview/227837312?accountid=15390. Jon L.Pierce, J.W.N. (2008) Leaders the Leadership Process, 5th edition, McGraw-Hill. McLaurin, J.R. and Al Amri, M.B. (2008) Developing an understanding of charismatic and transformational leadership, Allied Academies International Conference, Reno, 15-19. Yukl, G. (2010) Leadership in Organizations, 7th edition, New Jersey: Pearson.

SMS Advertising :: Business, Marketing

In past few years, SMS has a remarkable increasing involvement in marketing practice, it has been used with other traditional media, such as print advertising, television commercial or other broadcasting, to strengthen the efficiency of the campaign (Zhang and Mao, 2008). It was claimed that SMS itself enables to enlarge the campaign’s reach and effectiveness because of ability of interactive to create viral effect. Wohlfahrt (2002) explained that when receivers receive message, they then forward to further other people in their contact list, and it has been proven by Kroeber-Riel and Weinberg (2003) that those messages delivered by familiar senders were seen in more trustworthy than those sent from advertisers directly. In marketer’s perspective, messaging help increasing the rate of interaction from the receivers, because advertising with financial offers or promotion, will be sent to the consumers when they are actually shopping (Zoller et al, 2001). Plus, SMS itself allow the sender and receive interact immediately, so that mobile advertising will yield a direct and rapid response from the consumers (Boonmark, 2006). Moreover, mobile phones are ubiquity and convenience because they are very personal, and always kept within 1 meter of user’s body during the day time (Sirivastava 2004 and Haghirian et al., 2008). Therefore, SMS advertising allow marketer to reach consumers virtually any time and anywhere via their mobile devices (Boonmark, 2006). It helps marketer become closer to the consumer as mobile phone is communication which is a part of consumer’s daily lives (Forrester report, 2001). So that, information sent to mobile devices also tends to capture high attention from receivers because information is read completely and immediately after receipt. (Barwise and Strong 2002). SMS is also low cost medium compared to other type of direct marketing (e.g. telephone marketing, email marketing, direct mail) (Dickinder et al., 2004). SMS can capture tens of thousands consumer with a low budget compared (Leppanieni and Karjaluoto, 2005) There is variety of way which SMS has been used as a medium. Because SMS provide diversity of response capabilities such as message based responses, call based response, and mobile web landing page response (See Appendix D, MMA, 2009b), SMS is exercised to request for phone’s users engagement (Dickinder et al., 2004). To illustrate, SMS will be sent with the hyperlink allowing phone users to click to make a call (or click) to buy, to download, to vote, to contest or to win a prize. Boonmark’s studies (2006) found that messages were sent out with different kind of appeal, such as rewards, loves, and emotional appeal.

Career competence Essay

1. Create one professional goal using the SMART goal setting techniques you learned in Week Two. How did the results of the Career Interest Profiler and Career Plan Building Activity on Competencies contribute to your professional goal development? One career goal would be to finish getting my degree here at the University of Phoenix. By doing this not only will I have a degree but I will know what it takes and what’s necessary when it comes to starting my own business. Once I’ve increased my knowledge of the business tip, I will have the ability to maximize in my career. 2. Describe how you will balance academic expectations and your personal and professional responsibilities. I will balance academic expectations and my personal and professional responsibilities by following my weekly schedule. My schedule helps me manage my time so I won’t procrastinate too much or spend too much time doing extra-curricular activities. I also scheduled free time because personal problems can develop at any given time, that way I can see to my personal problems as well. 3. How can understanding the importance of SMART criteria and your career interests and competencies help you move toward your career and academic goals? By applying these rules of SMART, I know exactly what is required of me to complete my goals. SMART criteria removes any unnecessary directions that is not needed in accomplishing your goal which makes it more realistic. I think that goals are much easier to achieve when you’re using SMART criteria

Enron: Smartest Guy in the Room Essay

Enron: The Smartest Guys in the Room is a documentary that was produced in 2005 as a reflection of the 2003, bestselling book with the same name. The documentary was written by Bethany Mclean and Peter Elkind. The film, produced by Alex Gibney is an explicit demonstration of how reputable corporations can tumble down because of illicit financial management. The film is about the Enron Company, which experienced enormous financial drains because of the scandals elicited by its top managerial team. Two years after the inception of the company, two traders engage in betting activities on the lucrative oil markets. This eventually leads to suspicious profits for the company, a phenomenon that raises eyebrows on the financial stand of the company. It is also discovered that Enron’s Chief Executive Officer is redirecting the company’s finances to different accounts. In demonstrating the poor financial management of Kenneth Lay, he encourages the traders to keep on making money for the company, yet he understood clearly that betting is a risky activity that could cause the company a lot of its assets. Lay finally realizes his mistakes when he sacks the traders because of wasting the company’s reserves through gambling. Their actions virtually damaged the image of Enron. When the facts about what happened to the company are exposed, Lay argues that he had no knowledge of the illicit financial endeavors. Jeffrey Skilling is brought in as the new CEO and immediately imposes his own principles about handling profits and projects. Skilling adopts a management practice that engages the company in projects without examining whether the projects have the capacity to be successful or not. This is indeed, a trait that has the capacity to taunt the image of the company in respect to the management of its assets and resources. In essence, this portrays Enron as a profit making company, even if it is not making any profit. The film also highlights on Skilling’s theory of grading employees and firing those who do not perform well, on an annual basis. In order to fulfill his endeavors for the company, Skilling appoints Clifford Baxter and Lou Pai, who heads the Enron Energy Services. Pai is an irresponsible executive who squanders money belonging to shareholders by visiting entertainment joints. Eventually, Pai resigns having cost Enron a loss of $1 billion. After selling his stock, he purchases a ranch in Colorado and becomes one of the largest landowners in the state. Despite the declining performance of Enron in the global scale, the company initiates a public relations campaign that displays itself as profitable and solid. With the short term successes that the company gets, it tries to captivate stock market analysts. Executives raise their stock prices and introduce the broadband technologies in order to distribute movies on demand, but the projects do not meet their expectations. After a series of financial irregularities, Jim Chanos and Bethany McLean expose the financial misappropriation and irregularities in stoke value. In response to the allegations, Skilling argues that McLean is unethical in his assertions. It is also found out that Andrew Fastow, one of Enron’s executives has been defrauding Enron of millions of dollars. Indeed, this is a documentary about the fall of a big corporation because of financial misappropriation (Gibney, A. and McLean, 2005). II. Analysis In reference to the documentary, it is worth pointing out that the management of the company did not articulate its financial obligations in the most feasible way. Financial management is an integral aspect in the success of a company. A company’s management should ensure that proper procedures are followed in capitalizing on its assets in order to avoid loses in the future (Bhat, 2008 p. 65). The management team’s lapse in controlling its finances led to the downfall of the company. The image of the company was put at risk because of the selfish actions of the leadership. The company’s corporate image was not able to maintain its stability, bearing in mind that the media exposed the inappropriate handling of the company’s assets. Embezzlement of the finances led to the loss of confidence in the public eye. This is a clear indication that financial obligations are pertinent in influencing the performance of a company; since, financial endowment is a primary component of expanding the image of a business enterprise (Shoffner, Shelly & Cooke, 2011 p. 36). It is also worth noting that the management’s actions affected the performance of the employees. In a company, it is extremely pertinent to invest in feasible measures that will enhance human capital. A well established human capital is instrumental in providing a viable platform for proper financial management (Jones & Spender, 2011 p. 94). When the management started a program of rating and firing employees, this created a non-cohesive environment that did not give employees a chance to thrive. In this respect, employees could not fulfill their obligations in enhancing the capacity of the company. In addition, the stakeholders to the company lost confidence in the management team of the company because it did not deliver as it was expected of them. This affected the input of the stakeholders as well as the internal and external cohesion of the company. It is also critical to assert that the company faced financial implications resulting from management’s failure to conduct itself in a competent and professional way. The company’s markets share did not achieve its expectations; since, it could not maintain stability in the stock market. The values of its shares could not compete vehemently with other companies because the company had lost its market value. Moreover, the company incurred losses in regard to its assets record through engaging in illicit financial planning. This led to the company failing to meet its financial objectives; since, it was not in a position to control its costs. The failure of a company to control its costs leads to unaccountability and the risk of loses due to poor accounting systems (Lee, 2006 p. 201). Additionally, the company experienced a lapse in its financial accounting systems in an effort to hide the misappropriation of finances. Compromising the financial accounting systems resulted to slow growth in the development of feasible accounting procedures (Hampton, 2009 p. 6). Another financial consequence to the company was the inability to control debts. The company could not keep track of its debts because its financial records had been compromised by the incompetence of the management team. The lack of proper financial returns led to inconsistency in the company’s performance; hence, leading to an internal financial crisis. In this respect, it is viable to underscore that the financial inconsistency in a company is a contributing factor in its financial meltdown (Brigham, Gapenski & Ehrhardt, 2011p. 12). III. Commentary The actions of the management team were indeed detrimental in the financial breakthrough of the company. The company’s resources were put in jeopardy because of mishandling the assets in an unethical manner in respect to business standards. The employees of the company did not have a cohesive environment to capitalize on their potential. They could not handle the products and services of the company in a professional way because the management team did not provide the platform for enhancing the cost of goods. I believe the biblical worldview as Christ would view it for the church is that whatever you do in the dark will be exposed. The Bible states that God hates the very presence of evil and it will have no place in his kingdom. So the catastrophic effect that this company had on society was abomination to what God would want for his people. God wants us to suffer with him and the end result is that we will reign with him, however lying, cheating and stealing will not have a place in heaven. As part of the management team, I would have handled things differently. Firstly, it is significant to point out that I would not allow incompetent people to control the company’s finances. Only competent people would be allowed to handle the company’s financial obligations and management of the company’s assets. Secondly, it is essential to assert that I would invest immensely in the employees of the company. I would ensure that human capital is enhanced in order to improve the image of the company. It is widely acknowledged that an empowered human resource is vital in the success of a company; hence, I would seek to empower the activities of the employees. Moreover, as part of the management team, I would ensure that transparency is enhanced in corporate governance. The duties and responsibilities of every stakeholder would be defined in an amicable way, in order to avoid the confusion that emerges. This would play a dominant role in enhancing the profitability of the company, as well as improving the image of the company in a large scale. Indeed, it is critical for any business enterprise to adopt a viable mechanism of enhancing its corporate governance (Baker, 2008 p. 78). In my opinion, I believe what happened was as a result of managerial incompetency by the management team. Lack of inconsistencies in financial breakthrough by the company led to the meltdown in the company’s assets and costs control. In this respect, I believe that accounting laws and regulators can help in avoiding this scenario again. The accounting laws will play a dominant role in keeping track of a company’s financial assets and prevent it from incurring unnecessary loses. In addition, it is critical to highlight that such law and regulators will help immensely, in holding the management accountable. The management team of a company will be able to maintain high profile accountability in maintaining the value of the company. The market share of a company is able to attain reputable standards because of using the accounting laws. Additionally, accounting laws and regulators act as instrumental platforms in identifying challenges in a company, and making the necessary decisions in overcoming the challenges. The management team of a company is able to use business intelligence in developing a way forward in solving the challenges that a company faces in respect to financial management. In order to avoid the detrimental effects of financial mismanagement, companies can adopt viable ways of managing their operations. Transparency is a critical way of enhancing the gains of a company because its operations are open to scrutiny. In addition, it is important for companies to employ competent personnel to handle its operations, ranging from cost control to managing its experiences. It is pertinent for companies to develop policy frameworks that implement feasible financial obligations.

Environmental Racism essays

Environmental Racism essays There is a political theory of justice that was created by John Rawls that states, that all rational members of society in the original position should make decisions. Rawls called this method as a veil of ignorance. This is used as an instrument to make decisions in developing local projects. In the United States there is a spectacle called NIMBYism, which stands for Not-In-My-BackYard. This is when a group of a local community members protest about developments or a certain development in their community. NIMBYism could be a good or bad spectacle, which depends on what activities are suspended because of it. A bad view of this would be if there were no developments. Then there wouldnt be any supermarkets to do your food shopping or playgrounds for the children to play in. The good side to NIMBYism would be if they were planning to build a toxic dump near the community and the protest prohibited it. Now what would happen if all of sudden all of this toxic dumps ended up in minority communities? Well, if the community members didnt protest and just let the dump be build then thats their problem. But, if the members did protest and the development continued then that would be environmental racism. Just look at Garfield compared to Passaic; when Im driving through Garfield the houses are all nice and clean looking but when I cross the Passaic River to Passaic youll notice the roads full of pot-holes, all the garbage on the street, and a lot of dirty factories. Garfield is full of white, Italian, and Polish middle-class families while Passaic is full of Black, Mexican, Peruvian, and Puerto Rican low and middle-class families. Only because Passaic has this image of being a town full of drugs, crime, and immigrants, that dont know any English, that its okay to leave this once beautiful town in ruins, make more developments, or in some cases no developments at all. ...

A - H Glossary of College Terms

A - H Glossary of College Terms By term: A - H | I - R | S - Z College Terms: A - H Academic Probation: If your grades fall below a certain level, your campus may place you on academic probation. This traditionally means that you need to raise your GPA or face the possibility of being removed from your school for academic reasons. Adjunct Professor: A professor who is usually part-time or not on campus with a long-term contract (and, consequently, not eligible for tenure). Alumna: Female graduate or former student. Alumnae: Female graduates or former students. Alumni: Male graduates or both male and female graduates. Alumnus: Male graduate or former student. Area Coordinator (AC): This person usually oversees an area of your residence hall, or an area of your campus. They have more responsibility, and may sometimes supervise, Resident Advisers (RAs). Area Director (AD): This is usually just another title for an Area Coordinator (AC). Board of Directors/Board of Trustees: Most colleges have a board that oversees all parts of the campus. Traditionally, the board hire s (and possibly fires) a president; manages the college or university’s finances; and is responsible for all major policy decisions. Many college and university boards comprise alumni, faculty, staff, community leaders, and (sometimes) students. Board of Regents: Similar to how a Board of Trustees oversees a single college or university, a Board of Regents traditionally oversees a state system of public colleges or universities. College: In contrast to a university, a college traditionally only offers undergraduate degrees and programs. (There are, of course, some exceptions to this definition.) Commencement: Usually another name for graduation. Convocation: On some campuses, each year starts with a convocation ceremony where the new class is officially welcomed and the academic year formally begins. Dean: A Dean is someone traditionally in charge of a major area of a college. For example, there may be a Dean of Students, a Dean of the Faculty, and a Dean of Arts Sciences. Discipline: On a college campus, a discipline is often synonymous with a major. It usually refers to a field of study. (Of course, if you are charged with violating campus or community rules, you may be required to have a disciplinary hearing†¦and t hat definition is more traditional!) Discourse: A conversation, exchange of words, or dialogue, usually incorporating a wide range of views and opinions. Faculty: The faculty, or a faculty member, is generally anyone who teaches at the college. FAFSA: The Free Application for Federal Student Aid. This form is required for any student who wants to be considered for federal aid of any kind. Make sure you get your form in by the deadline! Fees: Fees can be charged for anything from seeing a doctor in the campus health center to returning your library books late. Additionally, you may see something listed as student fees, which cover some student services that the school provides and/or may be the basis for the student government budget. Financial Aid: Anything related to the way you are paying for school. Loans, scholarships, grants, work awards, and any other resource you use are all considered part of your financial aid. Graduate Assistant/Graduate Adviser (GA): A GA is often the same thing as a Graduate Student Instruc tor (GSI). Graduate Instructor (GI): A GI is often the same thing as a Graduate Student Instructor (GSI). Graduate Student Instructor (GSI): A GSI is often a graduate student who helps out in your classes. They made grade papers, lead seminar discussions, and sometimes teach classes. Grants: Similar to scholarships in that you dont need to pay them back. Some grants may be connected to your course of study or allow you to do research while still having your financial needs taken care of. (For example, you may earn a grant to cover your room and board while you do summer research with a professor.) Hall Coordinator (HC): A hall coordinator is typically in charge of your entire hall and oversees Resident Advisers (RAs). Hall Council (HC): A Hall Council is a small governing body that serves as a student voice and helps make decisions and plan programs for your hall community; frequently the same thing as a Residence Council. Hall Director (HD): Hall Directors are often the same things as Hall Co ordinators (HCs).

Criminal Investigative Report Research Paper Example | Topics and Well Written Essays - 750 words

Criminal Investigative Report - Research Paper Example It appeared that the murder was taken place due to some monetary issues. Detailed investigation that supplemented by the required reports would be helpful to arrive at a conclusion as crime scene investigation is a tedious job with much documentation of the scene and collection of evidences (Layton, 2011). Indicators of potential criminal act(s) On further investigation from the neighborhood, it was revealed that the man who was living lonely in a small apartment, developed strained relationship with his business partners named Tom, Dick and Alfred over money matters. On his refusal to pay off the money due on him, his business partners threatened him of dire consequences. James did not pay heed to their threatening calls and took soft attitude towards payment of the money, which he borrowed from them in his personal capacity to meet some domestic urgency. It is not necessary that the murder was committed by the same business partners. It might be done by some hired killer on payment from business partners or it may be the attempts of dacoits or a dacoit to deprive James from his valuables. We have to look into it with different angles to sort out the motives of the crime and the criminals behind it. Potential evidence I have collected the material evidences from the crime scene, which could be helpful to trace out the criminals involved in the murder case under reference. The collected evidences are a) Corpse b) Mobile Phone c) Short gun. The body was sent for an autopsy to find out the causes of murder however, the shotgun was sent to forensic department to find out the fingerprints on it that led to the criminal or the criminals who were involved in the referred ghastly murder. The mobile phone that has taken into custody in order to check out the history of incoming and outgoing calls of the murdered person as this sort of investigation aims at to book the real culprits by the law enforcers. The interesting thing is that the household items shown in the ima ges where murder took place were found in the same place and in the same direction as it was presumed to be. Initial Follow up Investigative Steps The steps that are to be taken by me as initial investigative steps are: a) to take photographs of the crime scene where murder took place b) to take into custody the corpse to conduct postmortem in order to have a detailed body description report from medico legal officer or the medical board specifically constituted for the purpose that identifies a) the cause of death b) whether the death was occurred due to the bullet of that gun which are in our custody or the bullet of some other gun c) to analyze the depth of wound in the skull since the culprits may have fired point blank at the murdered c) to take into custody the weapons which is used as an object to murder James d) to have finger prints on the mentioned gun e) to take possession of the mobile phone to ascertain the callers frequency of incoming calls and the subsequent outgoing calls in response to incoming calls in order to have voice recordings of incoming and outgoing calls on the day of murder or before as the case may be from mobile companies which would provide great help to

Financial and Strategic Management of Projects Essay - 1

Financial and Strategic Management of Projects - Essay Example The analysis of cash flows assists the CEOs and other top officials in ensuring that the investments made by the company is giving adequate return and company’s funds are not tied up in all the wrong ventures. Such an analysis cannot be made via Balance sheet analysis which represents the value of the assets on historical cost or the market value. From the perspective of a newly launched company, it is of prime importance to the management to ensure whether the operations are being conducted in the most prudent manner and are generating sufficient cash flows. Cash stream is considered to be the lifeline in the financial stability of any organization, and cash flow analysis plays a significant part in cautious cash management planning References [1] â€Å"Importance of Cash Flow Statement† accountlearning.blogspot.com. Account, n.d. Web. 16 July. 2011. [2] â€Å"Importance of Cash Flow Statement† buzzle.com Buzzle.com, n.d. Web. 16 July. 2011. 2) Ratio analysis is a very accurate and reliable tool when it comes to analyzing the financial outlook of a bank. The primary reason to conduct a ratio analysis is to quantify the results of the operations of a bank and compare them with that of the prior year(s) in order to assess different aspects of the financial feasibility. The ratios can be divided into various categories such as profitability, gearing and liquidity, each focusing on a different area of the financial outlook of the bank and highlighting its performance. These analyses form an integral part of the financial statement analysis, especially from the investors point of view, who always strive to invest in companies having strengthen and stabilizing financial ratios and representing an upward trend. It is of great significance that the ratios must be benchmarked against a standard in order for them to possess a meaning. Keeping that into account, the comparison is usually conducted between companies portraying same business and financ ial risks, between industries and between different time periods of the same company. The liquidity ratio measures the company’s ability to pay its short term liabilities. The ratio illustrates that how quickly a company can convert its assets into cash and cash equivalent in order to pay off its short term liabilities [Jim Mueller]. The most commonly used liquidity ratio, the current ratio, which is calculated by comparing the current assets and current liabilities. The strengthened the current ratio the more ability the company has to pay its debts and short term obligations over the next 12 months. The gearing ratios and indicate the level of risk taken by a company as a result of its capital structure [gearing ratio]. These ratios are a great source of determining the level of financial risk to which the company is exposed and thus helps in reducing it to the optimum. The debt ratio represents characteristics which is the opposite to that of the equity ratio. Debt ratio, which calculated by comparing the total liabilities to total assets, is a primary tool in determining the influence the company is under as a result of obtaining finances from sources other than equity. A lower ratio represents that the company is utilizing its equity in order to finance its operations and thus curtailing the financial risk