Drug and Substance Abuse Testing Essay Example | Topics and Well Written Essays - 1000 words - 9

Drug and Substance Abuse Testing - Essay Example As the paper outlines, welfare was designed to help the underprivileged in the society. Through welfare, the poor and the disabled population in the society are able to re-enter the workforce and to subsequently care for themselves. The fact is that ever since its incorporation, welfare has been able to assist numerous families and needy individuals in the society. However, the Welfare Reform consequentially contributed to a significant reduction of welfare dependants. Consequentially, regardless of the significant financial savings accrued to the welfare reform, this policy has facilitated the increase in unemployment levels. Moreover, drug testing by itself does nothing to promote employment, economic stability or responsible parenting ("Drug testing for welfare recipients to be considered by state Senate" 6). Recipients point to data showing that those on welfare are far less likely to do drugs than those who are not on welfare. Moreover, the monthly assistance checks barely cover necessities (Dawkins 2011:1). Therefore, the implementation of such a policy is an indication of stereotyping by the legislature, based on the assumption that welfare recipients are more likely to abuse drugs.  The adoption of state drug testing requirements are unconstitutional and a violation of privacy. This issue came out as a result of the Michigan statute that was influenced by the Marchwinski case. In the case, Marchwinski v. Howard, the plaintiff challenged the Michigan state statute, arguing that the case suspicion-less drug testing was an unconstitutional search under the 4th amendment (Schaberg 583). The court held that suspicion-less drug testing is a blanket condition that is relevant in order to receive state assistance.

Education Is the Most Important Thing Essay Example for Free

Education Is the Most Important Thing Essay Education is the most important thing we can offer to our children and the generations to come, yet it is one of the topics that we struggle with the most. With the choices between local, state and federal authorities, who should have control over education? It is my belief that the control should lie with the federal authorities because they are able to maintain a complete situational picture over all the states. Many of our founding fathers of the United States feared that leaving education in the hands of private families, churches, local communities or philanthropic societies would not guarantee the survival of a democracy. (Pulliam Van Patten, 2007, p. 122). In this paper I am going to defend my opinion of why the federal authorities should have control of education. How programs they have developed have flourished, and even how some of their programs could be run better. I currently serve as an instructor for the Navy teaching junior Sailors how to do their job better thus protecting the ship for harm, however; I am not the only one who teaches these classes, so to ensure that all Sailors are taught the same information all of our learning sites fall under one controlling entity. The education of our youth should be run the same, and if education was to be allowed to be completely run by local or even state entities, then the education opportunities may not be the same throughout the cities and even states. One of the best programs I have seen is the No Child Left Behind (NCLB) Act of 2002. NCBL is a United States Act of Congress that was originally proposed by the administration of President George W. Bush immediately after taking office. The House of Representatives passed the bill on May 23, 2001, and United States Senate passed it on June 14, 2001. President Bush signed it into law on January 8, 2002. NCLB is the latest federal legislation that enacts the theories of standards-based education reform, which is based on the belief that setting high standards and establishing measurable goals can improve individual outcomes in education. The Act requires states to develop assessments in basic skills to be given to all students in certain grades, if those sta tes are to receive federal funding for schools. The Act does not assert a national achievement standard; standards are set by each individual state.(â€Å"No Child Left Behind Act of 2001â€Å", 2006) Not only does the NCLB Act standardize learning for the students it also is used for standardization of teacher qualifications. For decades, local policymakers and school officials turned a blind eye to a set  of vexing problems in public education. In practice, there was a situational definition of teacher quality. No one thought anything about, as one principal said, scheduling a physical education teacher to fill in for one class of history. It was a common practice for middle school principals to employ elementary certified teachers because it provided the principals maximum flexibility in assigning teachers to classes, whether or not the teachers were qualified to teach those classes. (Hayes , 2003) As stated earlier, I believe that all children should not only have the same opportunity to get an education, but should also be entitled to the same education as every other child. If control of our educational system was given to the local or even state authorities this would probably not be the case as each state would want to do it â€Å"their way†. The No Child Left Behind Act ensures that all children no matter race, religion, or financial status is given the same opportunities for education, and educated children are our future. References: Hayes , M. (2003). NCLB: Conspiracy, Compliance, or Creativity?. Retrieved from http://www.middleweb.com/HMnclb.html No Child Left Behind Act of 2001. (2006). Retrieved from http://www2.ed.gov/news/pressreleases/2006/02/02062006.html Pulliam, J. D., Van Patten, J. J. (2007). History of Education in American (9th Edition). Upper Saddle River, New Jersey: Columbus, Ohio.

Role of Monetary Policy in Financial Crisis

Role of Monetary Policy in Financial Crisis 1. Introduction To begin with, it is noted that over the last year or so, financial institutions in the major economies have reported losses on a large scale. Some of these have become insolvent, or have had to be taken over or rescued by their governments. The 2008 Global Financial Crisis Credit Crisis has affected millions of Americans specifically and others around the World in general terms. Associated with all of that has been a massive swing in the appetite of the World financial markets for risk, and in their capacity to accept risk. Thus, the result has been a shift from an easily available credit to tight credit. This crisis which began in industrialized countries has shifted dramatically spread to emerging market and developing economies. Many wealthy investors or so have pulled their capital from countries, even those with small levels of perceived risk, and hence causing values of stocks and domestic currencies to plunge. Moreover, the crisis has now moved from containing the contagion to coping with the global recession and changing regulations to prevent a reoccurrence of such a problem. Some security and foreign policy effects of the crisis also are beginning to appear. In addition, policy proposals to change specific regulations as well as the structure of regulation and supervision at both domestically and internationally levels have been coming forth through the legislative process. As one can bear in mind, In June 2009, the Obamas administration announced its plan for regulatory reform of the U.S. financial system. For example, in Congress, numerous bills have been introduced that deal with issues such as establishing a commission or selecting a committee to investigate causes of the financial crisis, provide oversight and greater accountability of the Federal Reserve and Treasury lending activity, acting towards the problems in the housing and mortgage markets, provide funding for the International Monetary Fund, address problems with consumer credit cards and establish a systemic risk monitor. Therefore, the transmission of the crisis from the U.S. and Europe to the rest of the world came through a number of channels. The financial institutions in most emerging market economies had not been involved in practices that are seen in the institutions that populate the financial centers in the major industrial countries. To that extent, financial institutions in the emerging economies either shied away from the more exotic instruments, including such things as credit default swaps and collateralized debt obligations, or were prevented by regulation from holding or trading such instruments. Banking had to come of the most à ¢Ã¢â€š ¬Ã…“boringà ¢Ã¢â€š ¬?, old fashioned ever! (The New York Times has reported on last September 2009 about the moves to replace the bust securitized mortgage market with a similar scheme dealing in life insurance policies, products that are as distasteful as they are foolhardy). The question is, can anything be done to ensure more responsible financial practice? If we are suppose to talk about the US economy, we would notice that President Barak Obama marked the anniversary of Lehman collapse with a plea to bankers to not get complacent, telling them to get their house in order, or else face further regulation. We can indicate that over the past year, the financial male storm has battered the global information and communication technology industry, affecting profits and pushing down the industry in a manner reminiscent of the 2001 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2002 dotcom busts. It is gradually finding its feet again, but it isnt out of the woods yet. The global financial tumult has forced a number of companies to reanalyze their cost benefit analysis, ensure efficiency and improve productivity. Companies in sectors such as telecom and finance have already realized the need of IT outsourcing as a solution in the changed market dynamics. Therefore, this research paper provides a review of how the financial crisis has affected many regions of the world, proposals for a regulatory change, indication about the role of Monetary Policy the level of Political Economics that have been intervening in the Financial Crisis. It also identifies some basic challenges facing the globe suggests possible solutions for the Banking Field to overcome the crisis. 2. Literature Review The financial crisis was triggered by the bursting of a credit-fuelled bubble. Regulation and regulators did not cause this fatal bubble, but they did indirectly help it to grow by fostering the illusion of financial security. Many developing country economies are yet growing strongly, though the forecasts have been downgraded in the space of few a few months. What does the turmoil mean for such developing countries? And for how much longer can growth persist? What are the channels through which the crisis could spread to and how are the effects being felt and in what cases? What is the role for development policy and what do policy-makers need to know? Brooke Masters (2009) claimed: So far, most countries are avoiding a regulatory race to the bottom à ¢Ã¢â€š ¬Ã¢â‚¬Å" if anything, they are going the other way. The UK, for example, is pressing ahead with its own liquidity rules, while the Netherlands has pushed through curbs on bankers bonuses. Even Singapore, which has long been favored by financiers for its à ¢Ã¢â€š ¬Ã…“light-touchà ¢Ã¢â€š ¬? regulatory regime, considering tightening up its rules. However, Joshua Aizenman (2009) indicated that costly regulation can mitigate the probability of the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but below the socially optimal level. A big portion of the financial crisis has had to do with under regulation and regulator duplicity with malefactors. If we look at the banking rules, we shall discover that allowing investment and commercial banks to merge, without a specification of a tighter capital rules, and hence, these new mega banks became overleveraged without examining their loans or the instruments that derived from the bad loans these banks made in the first place. In his writings about Liberalism Ludwig von Mises (1927) indicated that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention. It is difficult to correct a problem when the cause of the problem is misunderstood. The presidential and vice-presidential candidates in the United States have all said that à ¢Ã¢â€š ¬Ã…“Wall Street greedà ¢Ã¢â€š ¬? has led to the financial mess we are in. On the very face of it, this does not seem likely. Even if greed leads to problems, is it possible that greed has suddenly become much greater than before? To raise an interest rate at some a time is a mistake and is likely to make a bad situation even worse. In many respects, central banks, including the Federal Reserve, have drawn heavily on important threads of monetary policy research in responding to the financial crisis. Lang Wang (2005) had explained with a binding capital requirement, the effects on bank lending supply depend on the size, the capital level, the balance sheet liquidity of banks and the capital distribution and market structure in the banking sector. In a similar context, Thorbecke (1997) finds that expansive monetary policy tends to increase ex-post stock returns. He reported that small firms tend to be affected more severely by the change in monetary policy stance. In addition, Paul Krugman (1999) indicated But when a financial disaster struck Asia, the policies those countries followed in response were almost exactly the reverse of what the United States does in the fact of a slump. Currently the traditional monetary policy of the Federal Reserve is to focus on targeting the federal funds rate, now that this rate has approached the zero-bound; it has shifted to focus on other ways to lower the cost of credit in the marketplace. Federal Reserve programs have intended to offset disruptions to interbank lending short-term credit financing. Since the credit crunch is caused by conservative lending policies during periods of financial duress and reduced profitability, one may finds that monetary policy is somehow ineffective in alleviating the credit crunch. Instead loan regulation can erase it. George Macesich (1992) argued that the poor performance of monetary policy can be attributed historically to the ease with which money has so often been made a political issue. He stated that For Monetary Policy to be credible, and thus successful, the hands of the Monetary Policy- makers are better tied than left free. Sun Ruijun and Bao Erwen (2008) have reported The in-depth development of economic globalization has made economic ties and interdependence between countries even closer, boosting the sustained growth of world economy, and benefiting many countries. The global financial crisis is more than just an economic event: It puts pressure on the geopolitical system and is driving states to change their behavior. Taking a snap shot on the GCC states, one can clearly define how largely it has been insulated from the global credit crunch because they are the proud owners of some of the worlds largest oil deposits. Much of this has been caused by massive infrastructure and development projects such as Qatars liquefied natural gas facilities, Dubais fanciful real estate explosion and Bahrains attempts to convert itself into a financial Mecca. The economic system has an effect on the political outcomes. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. Kira Boerner Christa Hainz (2006) argued When banks possess a perfect screening technology that allows them to deny credit to those debtors who use the money for financing an entry fee, the corrupt officials will still borrow from their relatives. However, compared to the case without financial institutions, the interest of corrupt officials and relatives in corruption decreases: Both parties have the opportunity to save at a bank. In similar terms, Torsten Persson (2000) had explained Economic policy is the equilibrium outcome of a well defined no cooperative game under preemptive assumptions about economic political behavior. At all levels, the present financial crisis requires a co-ordinate response on a global scale. The real risk to the world economy is the temptation to revert to protectionism by each individual country in order to solve their own domestic problems. 3. Research Methodology In choosing the correct research method to be used in this research paper, the survey research method by Questionnaires will be the basic research design. Each respondent will be supplied with a questionnaire titled How banks can overcome the Global Financial Crisis? The questionnaire is estimated to take no longer than 6 minutes for each reached individual regardless of the age. A survey of 68 individuals located in many counties throughout the country will provide the database for this study. The sample was selected on a probability basis from as much decision maker playing role individuals as possible in Bahrain. The questionnaire took place in Bahrain the response from the respondents took almost one week. Questionnaires were distributed randomly depending on many aspects such as: age, gender, employment condition most important of all, the level of knowledge regarding the topic under study. This research paper sampling volume totaled 68, out of which, males represented 38 and the rest 30 were for females. The original sample was 70, in which the researchers found that 2 individuals were students below the age of 18 and were unemployed. That made a quiet confusing decision to remove the two from the total sample, since at that age and being unemployed is not a truly decision maker respondent. 4. Challenges As the world look beyond the economic crisis, what are the most urgent challenges that are needed to be addressed? Gaining a proper perspective on the crisis itself is a first challenge. In recent decades, it has been demonstrated that a market which operates responsibly offers a more secure life and a best hope to people who seek a better standards of living wherever in the world they may live. This is absolutely fundamental. While it is true that the direct causes of the crisis the combustible mixture of excess leverage in both consumer and financial markets, the bank failures, the credit collapse have led to some painful consequences, it would be folly to conclude that the foundations of market economics have been irreparably damaged. A second challenge facing the Global is how to deal intelligently with the huge fiscal challenges ahead. The response of central banks and governments to the economic crisis may very well have averted a global catastrophe. However, massive fiscal obligations have been assumed by governments and this might take many years to unwind. What is needed is for countries to create and develop smart à ¢Ã¢â€š ¬Ã…“exità ¢Ã¢â€š ¬? strategies. Furthermore, as the private sector returns to some growth, this requires a determined pullback in government expenditure. Not an easy task: as we all know, the politics of unwinding government programs can be daunting. Here political courage and good public policy go hand in hand. The third challenge needs an urgent attention. It is acknowledged that the global economy is out of balance and that this is one of the reasons for the financial crisis. Massive reliance on external demand carries with it real consequences as does the excessive reliance on foreign investors to finance consumption and deficits for long periods of time. As one could realize, such imbalances can cause serious and long-lasting economic damage. There is also the challenge, or opportunity, of what to do with a countrys immense foreign exchange reserves. A Chinese think tank has come up with an exciting idea: that the reserves could be put to good use through the development of a Marshall Plan for Africa, Asia and Latin America. Such a development fund, or loan facility, would increase living standards in the targeted countries. The fifth challenge is enormously complex challenge that deserves attention. Sometimes we feel that we have loaded so many expectations onto the climate change agenda that it cannot help but fail. You would think that tackling this issue will give us infinite new sources of cleaner energy, and allow for the transfer of substantial amounts of financial and technological support to emerging economies. On the global side, No existing architecture is found to be proficient in preventing global crises from erupting. Since financial crises occur even in relatively tightly regulated economies, the likelihood that a supranational influence could prevent an international crisis from occurring is questionable. The financial crisis has been characterized as a à ¢Ã¢â€š ¬Ã…“wake-up callà ¢Ã¢â€š ¬? for investors who had put their faith confidence in. For example, credit ratings placed on securities by credit rating agencies operating under what some have referred to as à ¢Ã¢â€š ¬Ã…“wicked incentives and conflicts of interest.à ¢Ã¢â€š ¬? Moving forward to a sixth challenge, the Council on Foreign Relations explained the problem in a report on systemic regulation, as follows: One regulatory organization in each country should be responsible for overseeing the health and stability of the overall financial system. The role of the systemic regulator should include gathering, analyzing, and reporting information about significant interactions between and risks among financial institutions; designing and implementing systemically sensitive regulations, including capital requirements; and coordinating with the fiscal authorities and other government agencies in managing systemic crises. We argue that the central bank should be charged with this important new responsibility. Centers of financial activity such as New York, London, and Tokyo, race with each other and multinational firms can determine where to carry out particular financial transactions. This is to be addresses as one of the considerations in policy making. A seventh challenge is that a large financial institution that may be defined as large to fail represents the heavy arm that the world economy depends greatly on. If an institution is considered to be à ¢Ã¢â€š ¬Ã…“unsuccessful too big to fail,à ¢Ã¢â€š ¬? its bankruptcy would cause a major risk collapse to the system as a whole. Yet, if there is an implicit promise of governmental support in case of failure, the government may create a moral hazard, which is the motivation for an entity to be engaged in somewhat risky behavior, knowing that the government will rescue it if it fails. A further challenge is that the nature and size of accumulating financial and systemic risks have not been well identified by the existing micro regulation. It even didnt impose appropriate remedial actions. Even though some analysts and institutions were sounding alarms before the crisis erupted, there were hardly any regulatory tools available to handle with the increase of risk in the system as a whole or the risks being forced by other firms either in the same or different sectors. It seemed to be an insufficient response to some of these risks either by the authorities responsible for the mistake of individual financial institutions or specific market segments. A last fundamental challenge deals with the nature of regulation and supervision. Banking regulation tends to be specific and detailed and places requirements and limits on bank behavior. Federal securities regulation, however, is based primarily on disclosure. Registration with the Securities and Exchange Commission is required, but that registration does not imply that an investment is safe or secured, only that the risks have been fully disclosed! 5. Analysis Discussion When the U.S financial System falls down, it may bring major parts of the rest of the world down with it. The global financial crisis has opened the World eye on an important point: that the United States is still a major center of the financial world. Hence, Regional financial crises (such as the Asian financial crisis, Japans banking crisis or even the current Dubais Credit Crisis) can occur without seriously infecting the rest of the global financial system as does the United States economy. The reason behind, is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as an international intermediate for exchange, besides being a contributor to much of the financial capital that around the world seeking higher yields. The rest of the world may not appreciate it, but a financial crisis in the United States often takes on a global hue. To analyze the questionnaire, the researchers have used the SPSS program and the regression analysis in order to define some relationships that best help identify the problem under study. The descriptive statistical analyses questionnaire will be used, including calculations of sampling error, and statistical adjustments for unequal selection probabilities. Cross-classification analyses with demo-graphic, ANOVA, linear regression and T-Test is much more applied in order to explain some judgments. Since the researchers think that the gender is one of the independent variables that could test many hypothesis, three hypothesis were applied based on the dependant variable: First Hypothesis: There is no relationship between gender and understanding what is going on in the current financial news. Second Hypothesis: There is no relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬?. Third Hypothesis: There is no relationship between gender and the decision that thinks of governments around the world should take in the financial sector towards their economies. The table below, represents the Statistical Data Analysis of the designed questionnaire: Table 1: SPSS Statistics for all questionnaire questions One-Sample Test    Question No.    Test Value = 0 Test Value = 0 N t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference    Lower Upper Lower Upper Question_1 68 23.758 67 0 1.441 1.32 1.56 23.758 67 0 1.441 1.32 1.56 Question_2 68 17.636 67 0 4.206 3.73 4.68 17.636 67 0 4.206 3.73 4.68 Question_3 68 21.715 67 0 1.706 1.55 1.86 21.715 67 0 1.706 1.55 1.86 Question_4 68 22.401 67 0 3.868 3.52 4.21 22.401 67 0 3.868 3.52 4.21 Question_5 68 13.683 67 0 2.074 1.77 2.38 13.683 67 0 2.074 1.77 2.38 Question_6 68 8.596 67 0 2.029 1.56 2.5 8.596 67 0 2.029 1.56 2.5 Question_7 68 10.618 67 0 3.5 2.84 4.16 10.618 67 0 3.5 2.84 4.16 Question_8 68 17.868 67 0 2.191 1.95 2.44 17.868 67 0 2.191 1.95 2.44 Question_9 68 23.953 67 0 2.676 2.45 2.9 23.953 67 0 2.676 2.45 2.9 Question_10 68 15.557 67 0 5.059 4.41 5.71 15.557 67 0 5.059 4.41 5.71 Question_11_1 68 14.691 67 0 3.529 3.05 4.01 14.691 67 0 3.529 3.05 4.01 Question_11_2 68 18.302 67 0 4.809 4.28 5.33 18.302 67 0 4.809 4.28 5.33 Question_11_3 68 21.056 67 0 5.029 4.55 5.51 21.056 67 0 5.029 4.55 5.51 Question_11_4 68 17.835 67 0 4.426 3.93 4.92 17.835 67 0 4.426 3.93 4.92 Question_11_5 68 20.978 67 0 4.897 4.43 5.36 20.978 67 0 4.897 4.43 5.36 Question_12 68 16.241 67 0 2.735 2.4 3.07 16.241 67 0 2.735 2.4 3.07 Question_13 68 14.707 67 0 2.676 2.31 3.04 14.707 67 0 2.676 2.31 3.04 Question_14 68 26.329 67 0 2.765 2.56 2.97 26.329 67 0 2.765 2.56 2.97 Anova Model Sum of Squares df Mean Square F Sig. 1 Regression 4.074 1 4.074 4.173 .045a Residual 64.440 66 .976       Total 68.515 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_8          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.481 .368    4.025 .000 Question_1 .493 .241 .244 2.043 .045 a. Dependent Variable: Question_8          Table 2: Anova statistics coefficients relationship Q1 Q8 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. From the Questionnaire, we have selected the relationship among the following questions. However, Gender will always be constant. Question (1): Please indicate your gender: Male Female Question (8): In general, how knowledgeable do you consider yourself to be when it comes to understanding what is going on in the current financial news? I know enough to be able to explain whats happening in the financial industry to other people. I understand enough to make sense of the detail behind the financial news stories. I just follow the headlines but my understanding of financial news is fairly vague. I dont really understand whats going on in the financial news. Question_8: On the One-Sample Test it is showed that the Significance is = 0.00 which is less than 0.05, so we reject any initial premise that the average Question_8 is not equal to 0. Since the answer to this question fell where the value of t = 17.868, positive, meaning that people have a significant understanding and knowledge about the current financial news. About 35.3 % of the answers to question 8 went in to that both, males females find themselves having enough understanding to make sense of the detail behind the financial news stories. On lower confidence levels, 29.4% find themselves confident enough to answer bitterly regarding the financial crisis. Question (9): How informed are you about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? that is said to be impacting the U.S. economy the rest of the Globe? Very informedà ¢Ã¢â€š ¬Ã¢â‚¬ I have actively sought additional information on this story. Somewhat informedà ¢Ã¢â€š ¬Ã¢â‚¬ I know a bit about it, but wouldnt be able to hold my own in a conversation about it. Informedà ¢Ã¢â€š ¬Ã¢â‚¬ Ive read/seen stories about it when Ive come across them in the news. Not informed at allà ¢Ã¢â€š ¬Ã¢â‚¬ I dont know anything about this story. Question_9: The mean for this particular sample is 2.68, which is statistically significantly different from the test value of Zero.  34 out of 68 sample volume representing almost 50% who have been really informed to have read/seen stories about the global financial crisis when coming across it in the news. The researchers find that the relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? is positive with (.493) and based on the t-value of (2.043) and p-value of (0.045), this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship between people gender being informed and know ledged enough about the crisis. Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ the government should act as an intermediary between concerned parties. Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ the government should not interfere with economic affairs beyond the minimum. Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ the government should let Wall Street solve its problems on its own. Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ the government should take a case-by-case approach. ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 14.714 1 14.714 7.132 .010a Residual 136.168 66 2.063       Total 150.882 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_13          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.326 .535    2.480 .016 Question_1 .937 .351 .312 2.671 .010 a. Dependent Variable: Question_13          Table 3: Anova statistics coefficients relationship Q1 Q13 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. The relationship between gender and the choice to think of the role that governments around the world should take in the financial sector towards their economies is positive (.937). Based on the t-value (2.671) and p-value (0.010), it is to be clarified that this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship. Most of the questionnaires answer to question 13 went to choose that the role of government can be best suggested as to: Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Question (4) Which of the following best describes the highest level of education you have attained? Some high school High school graduate Some college College graduate Some post graduate studies Post graduate degree Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? 1 Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ The government should intervene whenever the financial sector is at risk.    3 1 7 1 8 2 Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ The government should act as an intermediary between concerned parties.    2 7 3 1 2 3 Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ The government should not interfere with economic affairs beyond the minimum.    3 7 4 -   1 4 Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ The government should let Wall Street solve its problems on its own.    1    2    -   5 Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ The government should take a case-by-case approach. 1 2 3 4    5 Table 4: Cross Checking Analysis between Q4 Q13. To provide a better understanding of a cross classification, the table below indicates that, most of people holding a college degree, agreed with the choice that governments should intervene whenever the financial sector is at risk and in need for its support. Therefore, we see that the Global Financial Crisis can be broken down into major phases. Although each phase has a policy focus, it seemed that until t Role of Monetary Policy in Financial Crisis Role of Monetary Policy in Financial Crisis 1. Introduction To begin with, it is noted that over the last year or so, financial institutions in the major economies have reported losses on a large scale. Some of these have become insolvent, or have had to be taken over or rescued by their governments. The 2008 Global Financial Crisis Credit Crisis has affected millions of Americans specifically and others around the World in general terms. Associated with all of that has been a massive swing in the appetite of the World financial markets for risk, and in their capacity to accept risk. Thus, the result has been a shift from an easily available credit to tight credit. This crisis which began in industrialized countries has shifted dramatically spread to emerging market and developing economies. Many wealthy investors or so have pulled their capital from countries, even those with small levels of perceived risk, and hence causing values of stocks and domestic currencies to plunge. Moreover, the crisis has now moved from containing the contagion to coping with the global recession and changing regulations to prevent a reoccurrence of such a problem. Some security and foreign policy effects of the crisis also are beginning to appear. In addition, policy proposals to change specific regulations as well as the structure of regulation and supervision at both domestically and internationally levels have been coming forth through the legislative process. As one can bear in mind, In June 2009, the Obamas administration announced its plan for regulatory reform of the U.S. financial system. For example, in Congress, numerous bills have been introduced that deal with issues such as establishing a commission or selecting a committee to investigate causes of the financial crisis, provide oversight and greater accountability of the Federal Reserve and Treasury lending activity, acting towards the problems in the housing and mortgage markets, provide funding for the International Monetary Fund, address problems with consumer credit cards and establish a systemic risk monitor. Therefore, the transmission of the crisis from the U.S. and Europe to the rest of the world came through a number of channels. The financial institutions in most emerging market economies had not been involved in practices that are seen in the institutions that populate the financial centers in the major industrial countries. To that extent, financial institutions in the emerging economies either shied away from the more exotic instruments, including such things as credit default swaps and collateralized debt obligations, or were prevented by regulation from holding or trading such instruments. Banking had to come of the most à ¢Ã¢â€š ¬Ã…“boringà ¢Ã¢â€š ¬?, old fashioned ever! (The New York Times has reported on last September 2009 about the moves to replace the bust securitized mortgage market with a similar scheme dealing in life insurance policies, products that are as distasteful as they are foolhardy). The question is, can anything be done to ensure more responsible financial practice? If we are suppose to talk about the US economy, we would notice that President Barak Obama marked the anniversary of Lehman collapse with a plea to bankers to not get complacent, telling them to get their house in order, or else face further regulation. We can indicate that over the past year, the financial male storm has battered the global information and communication technology industry, affecting profits and pushing down the industry in a manner reminiscent of the 2001 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2002 dotcom busts. It is gradually finding its feet again, but it isnt out of the woods yet. The global financial tumult has forced a number of companies to reanalyze their cost benefit analysis, ensure efficiency and improve productivity. Companies in sectors such as telecom and finance have already realized the need of IT outsourcing as a solution in the changed market dynamics. Therefore, this research paper provides a review of how the financial crisis has affected many regions of the world, proposals for a regulatory change, indication about the role of Monetary Policy the level of Political Economics that have been intervening in the Financial Crisis. It also identifies some basic challenges facing the globe suggests possible solutions for the Banking Field to overcome the crisis. 2. Literature Review The financial crisis was triggered by the bursting of a credit-fuelled bubble. Regulation and regulators did not cause this fatal bubble, but they did indirectly help it to grow by fostering the illusion of financial security. Many developing country economies are yet growing strongly, though the forecasts have been downgraded in the space of few a few months. What does the turmoil mean for such developing countries? And for how much longer can growth persist? What are the channels through which the crisis could spread to and how are the effects being felt and in what cases? What is the role for development policy and what do policy-makers need to know? Brooke Masters (2009) claimed: So far, most countries are avoiding a regulatory race to the bottom à ¢Ã¢â€š ¬Ã¢â‚¬Å" if anything, they are going the other way. The UK, for example, is pressing ahead with its own liquidity rules, while the Netherlands has pushed through curbs on bankers bonuses. Even Singapore, which has long been favored by financiers for its à ¢Ã¢â€š ¬Ã…“light-touchà ¢Ã¢â€š ¬? regulatory regime, considering tightening up its rules. However, Joshua Aizenman (2009) indicated that costly regulation can mitigate the probability of the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but below the socially optimal level. A big portion of the financial crisis has had to do with under regulation and regulator duplicity with malefactors. If we look at the banking rules, we shall discover that allowing investment and commercial banks to merge, without a specification of a tighter capital rules, and hence, these new mega banks became overleveraged without examining their loans or the instruments that derived from the bad loans these banks made in the first place. In his writings about Liberalism Ludwig von Mises (1927) indicated that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention. It is difficult to correct a problem when the cause of the problem is misunderstood. The presidential and vice-presidential candidates in the United States have all said that à ¢Ã¢â€š ¬Ã…“Wall Street greedà ¢Ã¢â€š ¬? has led to the financial mess we are in. On the very face of it, this does not seem likely. Even if greed leads to problems, is it possible that greed has suddenly become much greater than before? To raise an interest rate at some a time is a mistake and is likely to make a bad situation even worse. In many respects, central banks, including the Federal Reserve, have drawn heavily on important threads of monetary policy research in responding to the financial crisis. Lang Wang (2005) had explained with a binding capital requirement, the effects on bank lending supply depend on the size, the capital level, the balance sheet liquidity of banks and the capital distribution and market structure in the banking sector. In a similar context, Thorbecke (1997) finds that expansive monetary policy tends to increase ex-post stock returns. He reported that small firms tend to be affected more severely by the change in monetary policy stance. In addition, Paul Krugman (1999) indicated But when a financial disaster struck Asia, the policies those countries followed in response were almost exactly the reverse of what the United States does in the fact of a slump. Currently the traditional monetary policy of the Federal Reserve is to focus on targeting the federal funds rate, now that this rate has approached the zero-bound; it has shifted to focus on other ways to lower the cost of credit in the marketplace. Federal Reserve programs have intended to offset disruptions to interbank lending short-term credit financing. Since the credit crunch is caused by conservative lending policies during periods of financial duress and reduced profitability, one may finds that monetary policy is somehow ineffective in alleviating the credit crunch. Instead loan regulation can erase it. George Macesich (1992) argued that the poor performance of monetary policy can be attributed historically to the ease with which money has so often been made a political issue. He stated that For Monetary Policy to be credible, and thus successful, the hands of the Monetary Policy- makers are better tied than left free. Sun Ruijun and Bao Erwen (2008) have reported The in-depth development of economic globalization has made economic ties and interdependence between countries even closer, boosting the sustained growth of world economy, and benefiting many countries. The global financial crisis is more than just an economic event: It puts pressure on the geopolitical system and is driving states to change their behavior. Taking a snap shot on the GCC states, one can clearly define how largely it has been insulated from the global credit crunch because they are the proud owners of some of the worlds largest oil deposits. Much of this has been caused by massive infrastructure and development projects such as Qatars liquefied natural gas facilities, Dubais fanciful real estate explosion and Bahrains attempts to convert itself into a financial Mecca. The economic system has an effect on the political outcomes. Well-functioning financial institutions, in turn, can increase the political support for anti-corruption measures. Kira Boerner Christa Hainz (2006) argued When banks possess a perfect screening technology that allows them to deny credit to those debtors who use the money for financing an entry fee, the corrupt officials will still borrow from their relatives. However, compared to the case without financial institutions, the interest of corrupt officials and relatives in corruption decreases: Both parties have the opportunity to save at a bank. In similar terms, Torsten Persson (2000) had explained Economic policy is the equilibrium outcome of a well defined no cooperative game under preemptive assumptions about economic political behavior. At all levels, the present financial crisis requires a co-ordinate response on a global scale. The real risk to the world economy is the temptation to revert to protectionism by each individual country in order to solve their own domestic problems. 3. Research Methodology In choosing the correct research method to be used in this research paper, the survey research method by Questionnaires will be the basic research design. Each respondent will be supplied with a questionnaire titled How banks can overcome the Global Financial Crisis? The questionnaire is estimated to take no longer than 6 minutes for each reached individual regardless of the age. A survey of 68 individuals located in many counties throughout the country will provide the database for this study. The sample was selected on a probability basis from as much decision maker playing role individuals as possible in Bahrain. The questionnaire took place in Bahrain the response from the respondents took almost one week. Questionnaires were distributed randomly depending on many aspects such as: age, gender, employment condition most important of all, the level of knowledge regarding the topic under study. This research paper sampling volume totaled 68, out of which, males represented 38 and the rest 30 were for females. The original sample was 70, in which the researchers found that 2 individuals were students below the age of 18 and were unemployed. That made a quiet confusing decision to remove the two from the total sample, since at that age and being unemployed is not a truly decision maker respondent. 4. Challenges As the world look beyond the economic crisis, what are the most urgent challenges that are needed to be addressed? Gaining a proper perspective on the crisis itself is a first challenge. In recent decades, it has been demonstrated that a market which operates responsibly offers a more secure life and a best hope to people who seek a better standards of living wherever in the world they may live. This is absolutely fundamental. While it is true that the direct causes of the crisis the combustible mixture of excess leverage in both consumer and financial markets, the bank failures, the credit collapse have led to some painful consequences, it would be folly to conclude that the foundations of market economics have been irreparably damaged. A second challenge facing the Global is how to deal intelligently with the huge fiscal challenges ahead. The response of central banks and governments to the economic crisis may very well have averted a global catastrophe. However, massive fiscal obligations have been assumed by governments and this might take many years to unwind. What is needed is for countries to create and develop smart à ¢Ã¢â€š ¬Ã…“exità ¢Ã¢â€š ¬? strategies. Furthermore, as the private sector returns to some growth, this requires a determined pullback in government expenditure. Not an easy task: as we all know, the politics of unwinding government programs can be daunting. Here political courage and good public policy go hand in hand. The third challenge needs an urgent attention. It is acknowledged that the global economy is out of balance and that this is one of the reasons for the financial crisis. Massive reliance on external demand carries with it real consequences as does the excessive reliance on foreign investors to finance consumption and deficits for long periods of time. As one could realize, such imbalances can cause serious and long-lasting economic damage. There is also the challenge, or opportunity, of what to do with a countrys immense foreign exchange reserves. A Chinese think tank has come up with an exciting idea: that the reserves could be put to good use through the development of a Marshall Plan for Africa, Asia and Latin America. Such a development fund, or loan facility, would increase living standards in the targeted countries. The fifth challenge is enormously complex challenge that deserves attention. Sometimes we feel that we have loaded so many expectations onto the climate change agenda that it cannot help but fail. You would think that tackling this issue will give us infinite new sources of cleaner energy, and allow for the transfer of substantial amounts of financial and technological support to emerging economies. On the global side, No existing architecture is found to be proficient in preventing global crises from erupting. Since financial crises occur even in relatively tightly regulated economies, the likelihood that a supranational influence could prevent an international crisis from occurring is questionable. The financial crisis has been characterized as a à ¢Ã¢â€š ¬Ã…“wake-up callà ¢Ã¢â€š ¬? for investors who had put their faith confidence in. For example, credit ratings placed on securities by credit rating agencies operating under what some have referred to as à ¢Ã¢â€š ¬Ã…“wicked incentives and conflicts of interest.à ¢Ã¢â€š ¬? Moving forward to a sixth challenge, the Council on Foreign Relations explained the problem in a report on systemic regulation, as follows: One regulatory organization in each country should be responsible for overseeing the health and stability of the overall financial system. The role of the systemic regulator should include gathering, analyzing, and reporting information about significant interactions between and risks among financial institutions; designing and implementing systemically sensitive regulations, including capital requirements; and coordinating with the fiscal authorities and other government agencies in managing systemic crises. We argue that the central bank should be charged with this important new responsibility. Centers of financial activity such as New York, London, and Tokyo, race with each other and multinational firms can determine where to carry out particular financial transactions. This is to be addresses as one of the considerations in policy making. A seventh challenge is that a large financial institution that may be defined as large to fail represents the heavy arm that the world economy depends greatly on. If an institution is considered to be à ¢Ã¢â€š ¬Ã…“unsuccessful too big to fail,à ¢Ã¢â€š ¬? its bankruptcy would cause a major risk collapse to the system as a whole. Yet, if there is an implicit promise of governmental support in case of failure, the government may create a moral hazard, which is the motivation for an entity to be engaged in somewhat risky behavior, knowing that the government will rescue it if it fails. A further challenge is that the nature and size of accumulating financial and systemic risks have not been well identified by the existing micro regulation. It even didnt impose appropriate remedial actions. Even though some analysts and institutions were sounding alarms before the crisis erupted, there were hardly any regulatory tools available to handle with the increase of risk in the system as a whole or the risks being forced by other firms either in the same or different sectors. It seemed to be an insufficient response to some of these risks either by the authorities responsible for the mistake of individual financial institutions or specific market segments. A last fundamental challenge deals with the nature of regulation and supervision. Banking regulation tends to be specific and detailed and places requirements and limits on bank behavior. Federal securities regulation, however, is based primarily on disclosure. Registration with the Securities and Exchange Commission is required, but that registration does not imply that an investment is safe or secured, only that the risks have been fully disclosed! 5. Analysis Discussion When the U.S financial System falls down, it may bring major parts of the rest of the world down with it. The global financial crisis has opened the World eye on an important point: that the United States is still a major center of the financial world. Hence, Regional financial crises (such as the Asian financial crisis, Japans banking crisis or even the current Dubais Credit Crisis) can occur without seriously infecting the rest of the global financial system as does the United States economy. The reason behind, is that the United States is the main guarantor of the international financial system, the provider of dollars widely used as currency reserves and as an international intermediate for exchange, besides being a contributor to much of the financial capital that around the world seeking higher yields. The rest of the world may not appreciate it, but a financial crisis in the United States often takes on a global hue. To analyze the questionnaire, the researchers have used the SPSS program and the regression analysis in order to define some relationships that best help identify the problem under study. The descriptive statistical analyses questionnaire will be used, including calculations of sampling error, and statistical adjustments for unequal selection probabilities. Cross-classification analyses with demo-graphic, ANOVA, linear regression and T-Test is much more applied in order to explain some judgments. Since the researchers think that the gender is one of the independent variables that could test many hypothesis, three hypothesis were applied based on the dependant variable: First Hypothesis: There is no relationship between gender and understanding what is going on in the current financial news. Second Hypothesis: There is no relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬?. Third Hypothesis: There is no relationship between gender and the decision that thinks of governments around the world should take in the financial sector towards their economies. The table below, represents the Statistical Data Analysis of the designed questionnaire: Table 1: SPSS Statistics for all questionnaire questions One-Sample Test    Question No.    Test Value = 0 Test Value = 0 N t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference t df Sig. (2-tailed) Mean Difference 95% Confidence Interval of the Difference    Lower Upper Lower Upper Question_1 68 23.758 67 0 1.441 1.32 1.56 23.758 67 0 1.441 1.32 1.56 Question_2 68 17.636 67 0 4.206 3.73 4.68 17.636 67 0 4.206 3.73 4.68 Question_3 68 21.715 67 0 1.706 1.55 1.86 21.715 67 0 1.706 1.55 1.86 Question_4 68 22.401 67 0 3.868 3.52 4.21 22.401 67 0 3.868 3.52 4.21 Question_5 68 13.683 67 0 2.074 1.77 2.38 13.683 67 0 2.074 1.77 2.38 Question_6 68 8.596 67 0 2.029 1.56 2.5 8.596 67 0 2.029 1.56 2.5 Question_7 68 10.618 67 0 3.5 2.84 4.16 10.618 67 0 3.5 2.84 4.16 Question_8 68 17.868 67 0 2.191 1.95 2.44 17.868 67 0 2.191 1.95 2.44 Question_9 68 23.953 67 0 2.676 2.45 2.9 23.953 67 0 2.676 2.45 2.9 Question_10 68 15.557 67 0 5.059 4.41 5.71 15.557 67 0 5.059 4.41 5.71 Question_11_1 68 14.691 67 0 3.529 3.05 4.01 14.691 67 0 3.529 3.05 4.01 Question_11_2 68 18.302 67 0 4.809 4.28 5.33 18.302 67 0 4.809 4.28 5.33 Question_11_3 68 21.056 67 0 5.029 4.55 5.51 21.056 67 0 5.029 4.55 5.51 Question_11_4 68 17.835 67 0 4.426 3.93 4.92 17.835 67 0 4.426 3.93 4.92 Question_11_5 68 20.978 67 0 4.897 4.43 5.36 20.978 67 0 4.897 4.43 5.36 Question_12 68 16.241 67 0 2.735 2.4 3.07 16.241 67 0 2.735 2.4 3.07 Question_13 68 14.707 67 0 2.676 2.31 3.04 14.707 67 0 2.676 2.31 3.04 Question_14 68 26.329 67 0 2.765 2.56 2.97 26.329 67 0 2.765 2.56 2.97 Anova Model Sum of Squares df Mean Square F Sig. 1 Regression 4.074 1 4.074 4.173 .045a Residual 64.440 66 .976       Total 68.515 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_8          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.481 .368    4.025 .000 Question_1 .493 .241 .244 2.043 .045 a. Dependent Variable: Question_8          Table 2: Anova statistics coefficients relationship Q1 Q8 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. From the Questionnaire, we have selected the relationship among the following questions. However, Gender will always be constant. Question (1): Please indicate your gender: Male Female Question (8): In general, how knowledgeable do you consider yourself to be when it comes to understanding what is going on in the current financial news? I know enough to be able to explain whats happening in the financial industry to other people. I understand enough to make sense of the detail behind the financial news stories. I just follow the headlines but my understanding of financial news is fairly vague. I dont really understand whats going on in the financial news. Question_8: On the One-Sample Test it is showed that the Significance is = 0.00 which is less than 0.05, so we reject any initial premise that the average Question_8 is not equal to 0. Since the answer to this question fell where the value of t = 17.868, positive, meaning that people have a significant understanding and knowledge about the current financial news. About 35.3 % of the answers to question 8 went in to that both, males females find themselves having enough understanding to make sense of the detail behind the financial news stories. On lower confidence levels, 29.4% find themselves confident enough to answer bitterly regarding the financial crisis. Question (9): How informed are you about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? that is said to be impacting the U.S. economy the rest of the Globe? Very informedà ¢Ã¢â€š ¬Ã¢â‚¬ I have actively sought additional information on this story. Somewhat informedà ¢Ã¢â€š ¬Ã¢â‚¬ I know a bit about it, but wouldnt be able to hold my own in a conversation about it. Informedà ¢Ã¢â€š ¬Ã¢â‚¬ Ive read/seen stories about it when Ive come across them in the news. Not informed at allà ¢Ã¢â€š ¬Ã¢â‚¬ I dont know anything about this story. Question_9: The mean for this particular sample is 2.68, which is statistically significantly different from the test value of Zero.  34 out of 68 sample volume representing almost 50% who have been really informed to have read/seen stories about the global financial crisis when coming across it in the news. The researchers find that the relationship between gender and being informed about the à ¢Ã¢â€š ¬Ã…“Global Financial Crisisà ¢Ã¢â€š ¬? is positive with (.493) and based on the t-value of (2.043) and p-value of (0.045), this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship between people gender being informed and know ledged enough about the crisis. Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ the government should act as an intermediary between concerned parties. Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ the government should not interfere with economic affairs beyond the minimum. Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ the government should let Wall Street solve its problems on its own. Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ the government should take a case-by-case approach. ANOVAb Model Sum of Squares df Mean Square F Sig. 1 Regression 14.714 1 14.714 7.132 .010a Residual 136.168 66 2.063       Total 150.882 67          a. Predictors: (Constant), Question_1          b. Dependent Variable: Question_13          Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) 1.326 .535    2.480 .016 Question_1 .937 .351 .312 2.671 .010 a. Dependent Variable: Question_13          Table 3: Anova statistics coefficients relationship Q1 Q13 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Hypothesis. The relationship between gender and the choice to think of the role that governments around the world should take in the financial sector towards their economies is positive (.937). Based on the t-value (2.671) and p-value (0.010), it is to be clarified that this relationship is statistically significant.   Hence, there is a statistically significant positive linear relationship. Most of the questionnaires answer to question 13 went to choose that the role of government can be best suggested as to: Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ the government should intervene whenever the financial sector is at risk. Question (4) Which of the following best describes the highest level of education you have attained? Some high school High school graduate Some college College graduate Some post graduate studies Post graduate degree Question (13): What role, if any, do you think that governments around the world should take in the financial sector towards their economies? 1 Hands onà ¢Ã¢â€š ¬Ã¢â‚¬ The government should intervene whenever the financial sector is at risk.    3 1 7 1 8 2 Intermediaryà ¢Ã¢â€š ¬Ã¢â‚¬ The government should act as an intermediary between concerned parties.    2 7 3 1 2 3 Laissez Faireà ¢Ã¢â€š ¬Ã¢â‚¬ The government should not interfere with economic affairs beyond the minimum.    3 7 4 -   1 4 Completely hands offà ¢Ã¢â€š ¬Ã¢â‚¬ The government should let Wall Street solve its problems on its own.    1    2    -   5 Case by caseà ¢Ã¢â€š ¬Ã¢â‚¬ The government should take a case-by-case approach. 1 2 3 4    5 Table 4: Cross Checking Analysis between Q4 Q13. To provide a better understanding of a cross classification, the table below indicates that, most of people holding a college degree, agreed with the choice that governments should intervene whenever the financial sector is at risk and in need for its support. Therefore, we see that the Global Financial Crisis can be broken down into major phases. Although each phase has a policy focus, it seemed that until t

In Search of Excellence :: Essays Papers

In Search of Excellence Thomas J. Peters and Robert H. Waterman, Jr., wrote â€Å"In Search of Excellence† as a model covering all elements of operations and functions of businesses big and small. In Search of Excellence gives great analysis and interesting examples to back up their theories. This book discusses eight core principles and McKinsey 7-S framework chart provided to companies for success. The authors break down the topics into specific themes with thoughts and charts for knowledge. Their findings suggest that eight core principles are common for excellent organization; bias for action, close to the customer, autonomy and entrepreneurship, productivity through people, hands on, value driven, stick to knitting, focus on what you do best, simple form lean staff and balance between centralized/decentralized organization. The McKinsey 7-S Framework deals with strategy, structure, style, systems, staff (people), skills, and shared values (culture). Informal organizations can manage executives that are intractable, irrational and intuitive. When 7-S framework chart is used. Meaning that a new manger performance would be like the old manager is ludicrous. The organization of workers must adjust and adapt to the new manager’s way of business. Peters and Waterman’s does a great job of explaining and giving examples of these eight principles while applying McKinsey 7-S framework chart. When nurturing and reward employees for excellence. Provide a climate of security and creativity in which employees developed loyalty and understanding of corporate values, and in turn developed to their full potential. Those long-term customer relationships based on trust, high quality and value in products and service. Re-inventing your company continuously within a defined sense of mission and social purpose. The eight principles below demonstrate values that work because they make sense. Growth is really about: the ability to learn and teach. This research was the first of its kind identifying these principles. The first principle is a bias for action. This is saying "Do it, work it or apply it" When Arby’s has a rush of customers and their supplies for making food are low, one customer would say "You know what, my food is cold" or "You forgot my pickles and onions?" They act and fix the problem, make it over if necessary, and get the problem solved as quickly as possible. The second Principle is to be close to the customer. This means good service and listening to what the customer has to say. If the producer, Arby’s is not in touch with what the customer wants to eat, then the business will most likely fail.

Coke vs PepsiPepsi and Coke’s Uncivil Wars Essay

Chapter 9 in Competition Demystified: Uncivil Cola Wars: Coke and Pepsi Confront the Prisoner’s Dilemma What are the sources of competitive advantages in the soda industry? First we should look at industry structure. The cola companies buy raw materials of sugar, sweeteners and flavorings from many suppliers then they turn the commodities into a branded product which consists of syrup/concentrated combined with water and bottles. The companies are joined at the hip with their bottlers/distributors who then sell to many retail outlets. Selling bulky and heavy beverages lends itself to regional economies of scale advantages. The soda companies cannot operate successfully unless their bottlers and distributors are profitable and content whether company-owned or franchised. The existence of barriers to entry indicates that the incumbents enjoy competitive advantages that potential entrants cannot match. In the soft drink world, the sources of these advantages are easy to identify. First, on the demand side, there is the kind of customer loyalty that network executives, beer brewers and car manufacturers only dream about. People who drink sodas drink them frequently (habit formation), and they relish a constancy of experience that keeps them ordering the same brand, no matter the circumstances. Both Coke and Pepsi exhibit the presence of barriers to entry and competitive advantage—stable *ROE can be influenced by whether bottlers’ assets are off or on the balance sheet Second, there are large economies of scale in the soda business both at the concentrate maker and bottler levels. Developing new products and advertising existing ones are fixed costs, unrelated to the number of cases sold. Equally important, the distribution of soda to the consumer benefits from regional scale economies. The more customers there are in a given region, the more economical the distribution. A bottler of Coke, selling the product to 40% to 50% of the soda drinkers in the market area, is going to have lower costs than someone peddling Dr. Pepper to 5% to 56% of the drinkers. During the â€Å"statesmen† era of Pepsi and Coke, what actions did each of the companies take? Why did they help raise profitability? Note the stability of market share and ROE. ROE dipped in 1980 and 1982 as Pepsi and Coke waged a price war. Yet, market shares did not change as a result of the price war—both companies were worse off. Pepsi gained market share in the late 1970s versus Coke. Coke was slow and clumsy to respond. Price wars between two elephants in an industry with barriers to entry tend to flatten a lot of grass and make customers happy. They hardly ever result in a dead elephant. Still, there are better and worse ways of initiating a price contest. Coke chose the worst. Coke chose to lower concentrate prices on those regions where its share of the cola market was high (80%) and Pepsi’s low (20 percent). This tactic ensured that for every dollar of revenue Pepsi gave up, Coke would surrender four dollars. Coke luckily developed New Coke which allowed it to attack Pepsi in its dominant markets in a precise way—minimizing damage to Coke’s profits–and force a truce in the price wars. They made visible moves to signal the other side that they intended to cooperate. Coca-Cola initiated the new era with a major corporate reorganization. After buying up many of the bottlers and reorganizing the bottler network, it spun off 51% of the company owned bottlers to shareholders in a new entity, Coca-Cola Enterprises, and it loaded up on debt for this corporation. With so much debt to service, Coca-Cola Enterprises had to concentrate on the tangible requirements of cash flow rather than the chimera of gaining great hunks of market share from Pepsi. PepsiCo responded by dropping the Pepsi Challenge, toning down its aggressive advertising and thus signaling that it accepted the truce. Profit margins improved. Operating profit margins went from 10% to 20% for Coca-Cola. Pepsi gain was less dramatic but also substantial. Both companies focused on ROE rather than market share and sales growth. The urge to grow, to hammer competitors and drive them out of business, or at least reduce their market share by a meaningful amount, had been a continual source of poor performance for companies that do have competitive advantages and a franchise, but are not content with it.

buy custom “Significant Relationship” essay

buy custom â€Å"Significant Relationship† essay A study was conducted by George E. Arnold to analyze the relationship between the styles of leadership and its impact upon the success of a virtual project. Today, world has seen a considerable increase in virtual projects. Estimates show that in 2004 about thirteen million employees in US were part of at least one team making virtual projects. About five hundred project management professional-certified project manager of the Kansas City, Missouri, Metropolitan area was assessed for the study. These managers were evaluated upon questionnaires. Which were divided in to three sections? These questionnaires were administered via emails. A total of two hundred and twenty nine responded of the selected sample of five hundred. The response rate was about half of the selected population, it seemed significant with the total of two hundred and eighteen responses needed to prove the variables at the selected confidence interval. (George E. Arnold, 2008) The study showed that a significant relationship prevails among different leadership styles mostly importantly transformational leadership and project success in virtual projects. Quantitative analysis was done of the data. This data is expected to help leaders in comprehending the affect of different styles of leadership on the progress of different projects formulated for virtual communication among organizations. (George E. Arnold, 2008) The usage of collaborative technology is growing at high rate in this rapidly growing environment. Today organizations are required to install virtual projects to bring close people from different geographical locations. The creation of virtual team will help the organizations perform their functions at different georgraphical locations bridging the gap of time and distance. This type of team supports the organization to bring close several talented people unable to maintain face to face working relations in different projects of virtual teams. Virtual project teams create unique leadership challenges. These types of teams do encounter restrictions in face to face communication therefore their activities are impeded due to primary leadership activities. (George E. Arnold, 2008) The selection of an accurate and suitable style of leadership is necessary to maintain the functioning and success of virtual projects. (George E. Arnold, 2008) It is assumed that future organizations will require such leaders that will be capable to handle uncertainty and competition among a different working people. This will help leaders attain the viability and profitability of their organizations. The second category is mostly used in the consultants or external assessors orin business to business activities like B2B e-commerce. These categorization also depend upon the principle of proximity to explicit whether employees are geographically close to each other or are scattered. A work-cycle synchronicity was designed to understand the interaction of the participants at different time periods (George E. Arnold, 2008) A virtual project team is a group of geographically dispersed workers brought together across time and space through information and communication technologies. These teams work in unison and are very close to each other despite having temporal, spatial and cultural differences. They mostly communicate via conference calls, video conferences, email etc. this is leading to the development of a new leadership role in the criterion. Advancements in the technical and collaborative soft wares increases the utilization of virtual team. These types of teams play an important role in maintaining reductions in the real estate expenses, increased productivity, higher profits, environmental benefits and greater access to global markets. (George E. Arnold, 2008) The analysis of the data in the study show that a statistically significant relationship prevails between transformational leadership and project success in virtual projects. In fact transformational style of leadership has emerged as a prominent and most effective leadership style especially in the virtual projects and their success. Though, some of the personalities characteristics of transformational leadership are not prominent in case of virtual projects and teams for instance charisma and vision. Organizations are developing certain trans-national teams to perform in an effective manner. It will help to overcome certain means of efficiency and flexibility to reduce certain problems (Daphna, Niv and Dalia, 2005) This restriction of characteristics helps in the effective understanding of the virtual leadership. Transactional leadership is also significant in virtual leadership for it helps in the comprehension of task completion. . Hence, it is necessary for the leaders nowadays to possess certain skills with the help of which they can interact with people in a successful manner. Leaders must have skills to lead with success in this widely altering world. It is necessary for the leader to aware people of the virtual communication methods present. In this way they will be able to select the most felicitous for themselves and their organization. (Daphna, Niv and Dalia, 2005) Daphna et all conducted a study to find out the influence of the division of Labor, Hierarchy and work process upon the efficiency, effectiveness and satisfaction of virtual leadership. TThe structure of the virtual leaders can increase the corporate output of such leaders. The outcomes of the study suggest that the virtual-structured teams are more successful than virtual-unstructured teams. The functioning of the virtual teams is expected to enhance in future. (Daphna, Niv and Dalia, 2005) During previous few years team working has came into existence several organizations are now using teams to perform their functions. The usage of virtual team has gained attention and significance in various organizations most of these are international organizations that perform their activities at the global level. Therefore on the basis it the teams can be defined as part of the model that predicts the influence of the virtuality and structural levels on processes, social and tasks, that effect team output. (Daphna, Niv and Dalia, 2005) Most common question asked these days is that Has the virtual era put an end to team structure. Today the teams virtuality level has be accepted as an integral construct of the definition of team. Several variables are affected by the teams virtual level such as face to face members of team posses high degree of cohesiveness, they are capable to maintain stronger social ties, they are more task oriented and show a dedication towards tasks and participants of the teams. They also possess an affectionate relationship with each other. However, in case of the time period to maintain stronger social ties is more. Virtual teams take more time to maintain stronger ties with people. Similarly, it has a negative influence upon the outcomes of the teams. Frequency and distance are considered responsible for it. The unfamiliarity among the team members is also a factor that hinders in the exchange of ideas and information among team members. (Daphna, Niv and Dalia, 2005) About fifteen interviews were conducted among the team members. It was found that the virtual leader are being treated as something novel, something which does not posses the proper item to operate with. Explicitly, all the members f virtual teams know that a virtual team operate in isolation and does not involve the participation of structural characteristics. The method of communication suggests what kind of processes is involved in the virtual teams. The processes can be either task or social oriented. Usually, Virtual communication is task oriented this type of communication is cheaper than face-to-face communication. The entire study found that certain level of reforms is needed in the task orientation to maintain and control virtual communication. However more organization is required for this purpose. (Daphna, Niv and Dalia, 2005) Buy custom â€Å"Significant Relationship† essay

Legalization of Marijauna essays

Legalization of Marijauna essays The legalization of marijuana has been questionable for many many years now, but the government just seems to always decline. I feel that marijuana should be legalized. There are many reasons for and against legalization, but the arguments for it outweigh the arguments against it. I believe marijuana should be legalized for three main reasons. Legalization will bring in much needed tax dollars, it will free up prisons and their resources, and it will save the U.S tons of money. If marijuana is legalized, it can be taxed by the federal government, like alcohol and cigarettes are now. If this is done, not only will the government save millions of dollars on searching for marijuana, the government will make billions of dollars off the sale of marijuana which can be used for drug education programs to help educate the youth of America. In the United States, all levels of government (federal, state, and local authorities) participate in the "War on Drugs." We currently spend billions of dollars every year to chase peaceful people who happen to like to get high. These people get locked up in prison and the taxpayers have to foot the bill. We have to pay for food, housing, health care, attorney fees, court costs, and other expenses to lock these people up. This is extremely expensive! If you must know, it costs taxpayers like you and me $42,000 a year to keep just one criminal in jail. That's more than twice the amount citizens spend on sending their children to school. Taxpayers only spend a dissapointing $13,000 a year for public schooling. We could save billions of dollars every year as a nation if we stop wasting money locking people up for having marijuana. In addition, if marijuana were legal, the government would be able to collect taxes on it, and would have a lot more money to pay for effective drug education programs and other important causes. According to Th...

Famous Office Space Quotes

Famous Office Space Quotes If you are looking for funny quotations about work or quotes from the movie Office Space, here is a page you will enjoy. These quotes are about working in an office. And they are hilarious! Peter Gibbons: What if were still doin this when were 50?Samir: It would be nice to have that kind of job security.Bob Slydell: What would you say ya do here?Tom Smykowski: Well look, I already told you! I deal with the goddamn customers so the engineers dont have to! I have people skills! I am good at dealing with people! Cant you understand that? What the hell is wrong with you people?Peter Gibbons: Our high school guidance counselor used to ask us what youd do if you had a million dollars and you didnt have to work. And invariably what youd say was supposed to be your career. So, if you wanted to fix old cars youre supposed to be an auto mechanic. Samir: So what did you say?Peter Gibbons: I never had an answer. I guess thats why Im working at Initech.Peter Gibbons: Hes going to ask me to work on Sunday and Im going to do it because Im a pussy, which is why I work at Initech in the first place.Michael Bolton: Hey, I work at Initech and I dont consider myself a pussy.Samir: Yes, I a m also not a pussy. Samir: No one in this country can ever pronounce my name right. Its not that hard: Na-ee-ana-jaad. Nayanajaad.Michael Bolton: Yeah, well at least your name isnt Michael Bolton.Samir: You know theres nothing wrong with that name.Michael Bolton: There was nothing wrong with it... until that no-talent ass clown became famous and started winning Grammys.Samir: Hmm... well why dont you just go by Mike instead of Michael?Michael Bolton: No way! Why should I change? Hes the one who sucks.

Artist Antonio Martorrell Essay Example | Topics and Well Written Essays - 250 words - 1

Artist Antonio Martorrell - Essay Example His writing career is quiet brilliant and precise at the same time. He wrote La piel de la memoria that came under translation by Andrew Hurley as ‘Memory’s Tattoo’ and ‘El libro dibujado’5 meaning the drawn book. Presently, he is a regular columnist for Escenario that is a section of El Vocero, Puerto Rican newspaper6. His accomplishments as an artist are quite plenty. Winner of Bienal de Arte de San Juan, he has provided illustrations to many authors like ‘Alma Rosa Flor, Heraclio Cepeda, Nicholasa Mohr, and Pura Belprà ©Ã¢â‚¬â„¢7. One of his illustrated books, ‘ABC de Puerto Rico’ was later confronting burning under the governance of Carlos Romero Barcelà ³ by the Educational Department of Puerto Rico. In November 2006, Antonio’s house faced burns leading to a loss of thousands of dollars worth of artifacts. He currently runs workshops in Ponce and New York. Antonio Diaz-Royo’s biography, ‘Martorell: the Adventure of Creation’8 is the most elaborate work on Antonio Martorell’s life to date and an ovation to his terrific contribution to the world of

(research on why) John Quincy Adams was consider the best Secretary of Essay

(research on why) John Quincy Adams was consider the best Secretary of State in U.S. History - Essay Example Among the many provisions of this treaty, the highlight of the agreement was setting the boundary between British North America and the United States. Britain was told to abandon the Northern access to the Mississippi River. Another among Adams’s stunning successes as a Secretary of State was his triumphant acquisition of Florida. Ever since the purchase of Lousiana, border issues particularly concerning Florida had been a problem (Peil, 1997). Different administrations struggled to include Florida, which was back then was a Spanish territory without any presence of the Spaniards but with runaway slaves and Indian raiders. Despite all the efforts, it was only Adams who had victoriously negotiated the territory of Florida through making the Spanish minister sign the Florida Treaty, also known as the Adams Onis Treaty. Thus, the Spaniards had given up to United States all the entitlement to Florida. This former secretary was able to successfully won Florida to United States through justifying that events that involved General Andrew Jackson such as forcing the Indians to go south, exterminated the British suppliers of weapons, and others, were just evidences that Spain could not govern her territor y (Chace and Carr, 1988). Moreover, another striking achievement of Adams was the Monroe Doctrine in 1823. Indeed, this doctrine had the name of the president on it but Adams was primarily the author of the said policy. According to LaFeber (1994) and Tremblay (2004: 133-134) , the Monroe Doctrine stated that the United States of America would consider all efforts of the European powers to colonize or interfere with the states inside the boundaries of America as forms of offense. Thus, the United States should intervene in all the kinds of invasion by the European countries. This policy was a mechanism serving as prevention

What We Know About the Achievement Gap Essay Example | Topics and Well Written Essays - 250 words

What We Know About the Achievement Gap - Essay Example Among the reasons why there is persistence of the gap include the following issues; Large class size as one of the factors that contribute to the persistence of the achievement gap (Taylor). I have realized that because the ratio of students to teachers is not equal and, therefore, all pupils will not get full attention from their teacher. In the analysis of literature, it is evident that there are factors that relate to the students ability in school (Paige and Witty) according to reading I have used. For instance, the student might be lacking interest in school, or they are totally not putting in much effort to boost their achievement. In addition, Poor teacher preparation as well as low expectations of students is also some of the factors that contribute to the persistence of the success gap in an institution according to Chubb and Loveless. If the teacher is not going to plan the lessons in a way that the students can easily comprehend. With respect to realization of the concepts of the gap, I realize that there will be a significant achievement gap that will give both students and the teachers a hard time to settle. In order for the achievement gap to reduce, the management should ensure that they provide a conducive environment for learning. Moreover, the teachers should also work together with students towards their set objectives in order to reduce the performance

The Co-operative Group (Food,Funeralcare,Banking group, Essay

The Co-operative Group (Food,Funeralcare,Banking group, Pharmacy,Travel) - Essay Example Marketers have started to make different market segments for ensuring an easy access to their target customers. It ensures proper delivering of the products as demanded by the target customers (Wedel & et. al., 2000). Source: (Gelb Consulting Group, n.d.) In relation to the study of market segmentation, The Co-operative Group Ltd has been chosen to demonstrate the features, failures and overcoming of the failures in different market segmentation in terms of this company. The Co-operative Group Ltd is a consumer cooperative based company headquartered in the United Kingdom with having its diverse retain chains including business relating to food, funeral care, banking group, pharmacy and travel. There are many cooperative businesses in the world. Among them The Co-operative Group is one of the largest. It is the biggest mutual business of the United Kingdom. It has been operating with more than 4800 retail outlets and it also employs above 100,000 individuals in its chain organisation . Its annual turnover in over 13billion Pounds a year. It is a kind of consumer cooperative (Co-operative Group Limited, n.d.). ... The reason behind this is that marketing strategies made for a group completely differ by its accessibility to another group. Target markets are actually quantifiable through factors related to their income, age bracket and population. Characteristics should be recognisable in a well defined manner and in measurable format. Substantial indicates that the segment should be large enough to stand as a group and also large enough to become profitable (Gelb Consulting Group, n.d.). 2.0 Features of Segmentation Market segmentation plays a very crucial role for formulating marketing strategy of a majority of successful organisations. Contextually, all markets embrace a different kind of groups of people with different needs along with preferences (Lamb & et. al., 2008). It helps the marketer to define the marketing objectives more accurately. In addition to this, better allocation of resources also should be there. On the other side, performance of the market can be evaluated more preciousl y when the marketers have the precise objectives for the specific segment of markets. Each and every firm cannot serve its potential customers in the same way as it does not have abundant resources (Blyth & Zimmerman, 2005). 2.1 Defining the Target Market Market is a very complex phenomenon from the viewpoint of a company. It constitutes different sets of consumers, leads to different tastes and demands for different products. Thus, from a company perspective, it is quite tough to position products to a specific market as the demand for that particular is distinct with reference to a varied set of consumers. Market segmentation techniques help an organisation to differentiate a market into different target

What is the effect of oil prices change on stock market of GCC Assignment

What is the effect of oil prices change on stock market of GCC countries - Assignment Example Of the seven countries, Qatar is the most sensitive to changes in oil prices and often responds in a quicker manner as compared to the others. The main objective of this paper is to discuss the effects of oil price changes on the Stock market of GCC countries. Over the last three decades, the drop in oil prices in the second half of 2014 qualifies as a noteworthy occurrence as compared to other episodes within that time. Between 1984 and 2013, there were five major declines in oil prices (Arouri, 2010). Notably, there were 30 percent or more price decreases within a period of six months. These declines in oil prices coincided with significant changes in oil markets and the global economy including; the increase in oil supplies and change in the OPEC policy, U.S recession, Asian crisis and the worldwide financial crisis of 1986, 1990, 1997 and 2007 respectively (Arouri, 2010). Interestingly, the latest episode of collapse in oil prices bears remarkable parallels with the1985-86 collapse. Saudi Arabia amended its policy in December 1985 leading to a 61 percent decline in the oil prices. Between January and July 1986, oil prices dropped from $24.68 to $9.62 per barrel and prevailed for more than a decade (Arouri, 2010). A repeat of this phenomenon was observed after the steep decline in oil prices intensified in the second half of 2014 following a policy alteration by Saudi Arabia in November 2013. Cumulatively, the decline in oil prices, from the peak that was experienced in 2011, became larger than that experienced in non-oil commodity prices. With this regard, oil prices affect the major economic variables of Oil producing countries, as well as, the stock returns of these involved countries (Arouri, 2010). The GCC is comprised of six countries including Qatar, Kuwait, Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates. In 2007, these countries possessed about 47 % of oil reserves, produced 20% of oil in the

Tissue Engineering and Regenerative Medicine Essay

Tissue Engineering and Regenerative Medicine - Essay Example Even in those cases where patients have been able to afford such transplants, other problems such as organ rejection and incompatibility have deprived them of their precious lives. The gravity of this situation has led to unrelenting research on stem cells, tissue engineering, and regenerative medicine, which are promising and hopeful alternatives to organ transplants. By 2009, in the United States, about 50 million people had survived because of some or the other form of â€Å"artificial organ therapy† (Khademhosseini, Vacanti and Langer, 2009). This gives a clear indication that artificial organs are the hope of the future. This research proposal aims at providing a brief yet objective overview of how an organ can be fabricated by starting with single cells and proceeding to tissue replacement. The proposal is intended to explain how vital organs can be fabricated through bioengineering. The solutions for problems that are usually encountered during fabrication of living org ans are also dealt with. Important challenges include optimization of the decellularization process for the preservation of vascular architecture and for limiting immunogenicity. Overall, this proposal gives a precis on solving cardiovascular diseases by stem cells, tissue engineering and regenerative medicine. Approach to organ fabrication 1. Procurement of stem cells The first step would be to procure embryonic stem cells that would act as progenitors for the cardiac cells. With the help of embryonic stem cells, it is possible to generate both mature cardiocytes as well as the vasculature (Ott et al, 2007). The most appropriate conditions for the growth of these stem cells will be identified and these will be allowed to grow, mature and differentiate before being seeded on a protein matrix for tissue formation. 2. Identification of suitable decellularization procedure for obtaining protein matrix The protein matrix for the generation of tissue and vasculature will be obtained from dead hearts procured from appropriate facilities. Using suitable detergents and chemical treatments, the organs will be decellularized to reveal the protein matrix. Various techniques will be tested before arriving at the most appropriate decellularization agent. 3. Seeding of the protein matrix with progenitor cells The protein matrix will then be seeded with the cardiocytes so that they can naturally develop into tissues and vasculature of a natural heart. Because of the provision of a natural protein matrix and scaffold material derived from a real heart, it will be easier for the cardiocytes to grow three-dimensionally through a natural mechanism. 4. Testing the functionality of the artificially produced organ The functionality of the manufactured heart will be tested and monitored for normalcy of pulse rate and other vital parameters. 5. Animal studies The artificially produced hearts will be transplanted into adult mice and will be tested for development of immunogenicity and health parameters. Possible Problems during Fabrication A major problem during fabrication of an artificial organic heart would be to achieve appropriate tissue vascularization having the vascular structure of a natural

The Co-operative Group (Food,Funeralcare,Banking group, Essay

The Co-operative Group (Food,Funeralcare,Banking group, Pharmacy,Travel) - Essay Example Marketers have started to make different market segments for ensuring an easy access to their target customers. It ensures proper delivering of the products as demanded by the target customers (Wedel & et. al., 2000). Source: (Gelb Consulting Group, n.d.) In relation to the study of market segmentation, The Co-operative Group Ltd has been chosen to demonstrate the features, failures and overcoming of the failures in different market segmentation in terms of this company. The Co-operative Group Ltd is a consumer cooperative based company headquartered in the United Kingdom with having its diverse retain chains including business relating to food, funeral care, banking group, pharmacy and travel. There are many cooperative businesses in the world. Among them The Co-operative Group is one of the largest. It is the biggest mutual business of the United Kingdom. It has been operating with more than 4800 retail outlets and it also employs above 100,000 individuals in its chain organisation . Its annual turnover in over 13billion Pounds a year. It is a kind of consumer cooperative (Co-operative Group Limited, n.d.). ... The reason behind this is that marketing strategies made for a group completely differ by its accessibility to another group. Target markets are actually quantifiable through factors related to their income, age bracket and population. Characteristics should be recognisable in a well defined manner and in measurable format. Substantial indicates that the segment should be large enough to stand as a group and also large enough to become profitable (Gelb Consulting Group, n.d.). 2.0 Features of Segmentation Market segmentation plays a very crucial role for formulating marketing strategy of a majority of successful organisations. Contextually, all markets embrace a different kind of groups of people with different needs along with preferences (Lamb & et. al., 2008). It helps the marketer to define the marketing objectives more accurately. In addition to this, better allocation of resources also should be there. On the other side, performance of the market can be evaluated more preciousl y when the marketers have the precise objectives for the specific segment of markets. Each and every firm cannot serve its potential customers in the same way as it does not have abundant resources (Blyth & Zimmerman, 2005). 2.1 Defining the Target Market Market is a very complex phenomenon from the viewpoint of a company. It constitutes different sets of consumers, leads to different tastes and demands for different products. Thus, from a company perspective, it is quite tough to position products to a specific market as the demand for that particular is distinct with reference to a varied set of consumers. Market segmentation techniques help an organisation to differentiate a market into different target

Tissue Engineering and Regenerative Medicine Essay

Tissue Engineering and Regenerative Medicine - Essay Example Even in those cases where patients have been able to afford such transplants, other problems such as organ rejection and incompatibility have deprived them of their precious lives. The gravity of this situation has led to unrelenting research on stem cells, tissue engineering, and regenerative medicine, which are promising and hopeful alternatives to organ transplants. By 2009, in the United States, about 50 million people had survived because of some or the other form of â€Å"artificial organ therapy† (Khademhosseini, Vacanti and Langer, 2009). This gives a clear indication that artificial organs are the hope of the future. This research proposal aims at providing a brief yet objective overview of how an organ can be fabricated by starting with single cells and proceeding to tissue replacement. The proposal is intended to explain how vital organs can be fabricated through bioengineering. The solutions for problems that are usually encountered during fabrication of living org ans are also dealt with. Important challenges include optimization of the decellularization process for the preservation of vascular architecture and for limiting immunogenicity. Overall, this proposal gives a precis on solving cardiovascular diseases by stem cells, tissue engineering and regenerative medicine. Approach to organ fabrication 1. Procurement of stem cells The first step would be to procure embryonic stem cells that would act as progenitors for the cardiac cells. With the help of embryonic stem cells, it is possible to generate both mature cardiocytes as well as the vasculature (Ott et al, 2007). The most appropriate conditions for the growth of these stem cells will be identified and these will be allowed to grow, mature and differentiate before being seeded on a protein matrix for tissue formation. 2. Identification of suitable decellularization procedure for obtaining protein matrix The protein matrix for the generation of tissue and vasculature will be obtained from dead hearts procured from appropriate facilities. Using suitable detergents and chemical treatments, the organs will be decellularized to reveal the protein matrix. Various techniques will be tested before arriving at the most appropriate decellularization agent. 3. Seeding of the protein matrix with progenitor cells The protein matrix will then be seeded with the cardiocytes so that they can naturally develop into tissues and vasculature of a natural heart. Because of the provision of a natural protein matrix and scaffold material derived from a real heart, it will be easier for the cardiocytes to grow three-dimensionally through a natural mechanism. 4. Testing the functionality of the artificially produced organ The functionality of the manufactured heart will be tested and monitored for normalcy of pulse rate and other vital parameters. 5. Animal studies The artificially produced hearts will be transplanted into adult mice and will be tested for development of immunogenicity and health parameters. Possible Problems during Fabrication A major problem during fabrication of an artificial organic heart would be to achieve appropriate tissue vascularization having the vascular structure of a natural