Facing Death Again :: Graduate College Admissions Essays

Facing Death Again I've been having adventures this summer. In July I cranked my new new car up to 110 mph and flew alone for two days in the desert, saw a dead polar bear in a coffee shop, marched in a parade, and scattered Dad's ashes in an open meadow. For the most part, though, my adventures have been internal. I am making a feeble attempt at a teenage life crisis, but so far it hasn't amounted to much - just a lot of pacing, brooding, and long, exhausting mental hikes down roads not taken. My mom has been patient throughout. One of my melancholy realizations is that my remarkable network of teenage friends, once so closely-knit, are now scattered to the wind and so deeply entangled in their own lives that I have very few people left to talk to. At school I have a first-rate cadre of friends, and long lunches every day, but we keep each other, always, at a certain distance. Other old friends are reachable by phone, and I've reached, but there are always parties or impatient girlfriends in the background. It takes great resourcefulness, and much juggling of schedules, to pry loose a few precious minutes on the phone, and in those minutes there are bridges to be built and private languages to be rediscovered before any real conversation can take place. And my dearest friend, is off somewhere in the easternmost Alps, drinking Viennese coffee and nibbling on Viennese pastries, as far away as she could possibly be. "Midway this way of life we're bound upon, I woke to find myself in a dark wood, Where the right road was wholly lost and gone." My own attempt at a teenage life crisis is not near so dark or fraught with peril as was Dante's. In fact it's all so by-the-book and so perfectly on schedule as to be dreary: I turn eighteen, my father dies, and I'm on my way. With my father's death I now advance to the plate. I am up next. It is now officially my turn to face the reaper. Being the morbid, romantic fellow I am, I actually faced (embraced!) all this mortality business long ago. As a young lad I used to write "Respice Finem" on snowbanks and dusty windowshields: "Consider Your End." Death itself hasn't bothered me for a long time, and I'm old enough now to understand what Mark Twain said about death, that it becomes our best friend. Facing Death Again :: Graduate College Admissions Essays Facing Death Again I've been having adventures this summer. In July I cranked my new new car up to 110 mph and flew alone for two days in the desert, saw a dead polar bear in a coffee shop, marched in a parade, and scattered Dad's ashes in an open meadow. For the most part, though, my adventures have been internal. I am making a feeble attempt at a teenage life crisis, but so far it hasn't amounted to much - just a lot of pacing, brooding, and long, exhausting mental hikes down roads not taken. My mom has been patient throughout. One of my melancholy realizations is that my remarkable network of teenage friends, once so closely-knit, are now scattered to the wind and so deeply entangled in their own lives that I have very few people left to talk to. At school I have a first-rate cadre of friends, and long lunches every day, but we keep each other, always, at a certain distance. Other old friends are reachable by phone, and I've reached, but there are always parties or impatient girlfriends in the background. It takes great resourcefulness, and much juggling of schedules, to pry loose a few precious minutes on the phone, and in those minutes there are bridges to be built and private languages to be rediscovered before any real conversation can take place. And my dearest friend, is off somewhere in the easternmost Alps, drinking Viennese coffee and nibbling on Viennese pastries, as far away as she could possibly be. "Midway this way of life we're bound upon, I woke to find myself in a dark wood, Where the right road was wholly lost and gone." My own attempt at a teenage life crisis is not near so dark or fraught with peril as was Dante's. In fact it's all so by-the-book and so perfectly on schedule as to be dreary: I turn eighteen, my father dies, and I'm on my way. With my father's death I now advance to the plate. I am up next. It is now officially my turn to face the reaper. Being the morbid, romantic fellow I am, I actually faced (embraced!) all this mortality business long ago. As a young lad I used to write "Respice Finem" on snowbanks and dusty windowshields: "Consider Your End." Death itself hasn't bothered me for a long time, and I'm old enough now to understand what Mark Twain said about death, that it becomes our best friend.

Ethical Behavior and Social Responsibility of Organizations Essay

Introduction Proper ethical behavior is a significant part of conducting business. Organizations must therefore find ways to incorporate ethical considerations into their strategic plan. Firms need to practice self governance and obey existing laws if they are to ensure their survival and the well-being of the society in which they exist. The decisions made by an organization affect society as a whole. This paper will examine the social responsibilities of organizations to each of their stakeholders. These include: customers, employees, shareholders, suppliers, the local government and the environment. Each section of this report is supplemented with a case study illustrating the consequences of unethical behavior in business. Defining Ethics Ethics is a ubiquitous term that is subject to personal interpretation. Individuals and groups are guided by moral principles or values. Their beliefs help them to set standards for deciphering right from wrong (Little, 2011). Ethical values are dynamic and are therefore subject to renegotiation and change. These changes are often influenced by periodic and contextual circumstances. As ethical beliefs differ from person to person, it may not be entirely possible to instill a universal set of values. Also, many individuals have different points of reference when determining what is right and what is wrong (Little, 2011). Domestically, ethical values tend to be closely aligned. Individuals who have been socialized in a particular region are more likely to have similar values, laws, religion, knowledge and culture. With the emergence of free-trade agreements, many firms have the opportunity to conduct international business. Although these organizations are usually successful in aligning their economic interests, many have failed to recognize or understand the cultural norms, laws and ethical practices of the country they are conducting business with. Defining Social Responsibility An organization’s approach to social responsibility can impact its image and reputation. Depending on how an organization addresses this aspect of business, ethics can either be a strength or a weakness. Social responsibility can be divided into three categories: obligatory, reactive or responsive behavior (Duening & Ivancevisch, 2008). An organization that acts out of social obligation tends to direct its behavior to the legal pursuit of profit (Duening et al., 2008). Socially reactive organizations often adhere to social norms, values and performance expectations (Duening et al., 2008). These organizations must be accountable for the ecological, environmental and social costs incurred by their actions (Duening et al., 2008). Lastly, socially responsive organizations often engage in behavior that exceeds the actions taken by socially obligated and socially reactive organizations. For example, these firms take stands on public issues, account for their actions, anticipate future needs of society, move toward satisfying them, and communicate with the government regarding existing and anticipated socially desirable legislation (Duening et al., 2008). As illustrated above, social responsibility can mean different things to different people. In a broad sense, social responsibility is a compliance to the legal obligations, social norms and ethical standards of society. For the purpose of this paper, I will use the broad sense of the term, unless otherwise specified. Social Responsibility of Organizations to Internal Beneficiaries Social Responsibility to Employees Legally, organizations are responsible for providing their employees with a minimum wage, safe working conditions and the freedom to form a union (Duening et al., 2008). These laws discourage management from creating workplaces that violate employee civil rights (Duening et al., 2008). However, many part-time employers, fast food restaurants and retailers provide only the minimum. Historically, employee benefits emerged out of pressure from employees, unions and the community. Today, most organizations are expected to go beyond the minimum legal requirements by providing their employees with â€Å"fringe benefits†, such as retirement funds, health and accident insurance (Duening et al., 2008). Many socially reactive and socially responsive organizations have extended their benefits to include training, career development, counseling, employee assistance programs, day-care and flex-time policies. As employee family life becomes more complex, organizations must find ways to offer support. Many modern organizations are concerned about employee satisfaction and the benefits associated with it. Employees who are content demonstrate a higher commitment to the organization, which often translates into less absenteeism, higher morale and higher productivity. Overall, the modern worker wants his job to be both meaningful and fulfilling (Duening et al., 2008). Social Irresponsibility to Employees: Wal-Mart Wal-mart is one of the most profitable and efficiently run organizations in the world. In 2005, the corporation grossed two-hundred and forty billion dollars in sales, yet still failed to provide its employees with health care benefits and a livable wage (Greenwald & Gilliam, 2005). On numerous occasions, the organization neglected to provide its employees with the basic legal requirements. As a result, Wal-mart is now facing a number of class action law suits. Reports suggest that the organization is also notorious for keeping its stores understaffed. Although overtime is rarely an option, employees are still expected to work off the clock to get the job done (Greenwald et al., 2005). Workers are ordered to complete their tasks and are often told that they can be replaced. Given their unfortunate personal circumstances, many employees put up with this abuse. In terms of employee well-being, a large majority of Walmart’s workers cannot afford the company’s basic medical insurance at just seventy-five dollars per month. (Greenwald et al., 2005). However, Wal-mart encourages its employees to seek out section-8 housing, food stamps and government-provided health insurance. (Greenwald et al., 2005). Evidently, Wal-mart’s everyday low prices are a result of taxpayer subsidies. Nationwide, Wal-mart is costing taxpayers over one and a half billion dollars a year in subsidies for its employees (Greenwald et al., 2005). As a result of these policies, Walmart’s average sales employee is living below the Federal Poverty Line. (Greenwald et al., 2005). In 2001, Barbara Ehrenreich conducted a sociological study to determine whether or not she could survive on a low wage. She found a job at Wal-mart in Minnesota. Her study reaffirmed the poor working conditions that Wal-mart employees often endure. In the following quote Ehrenreich talks about a shirt that she wanted to purchase for work: â€Å"One of the rules is that our shirts have to have collars, so they have to be polos, not tees. Somehow I’d missed this during orientation†¦ At $7 an hour, a $7 shirt is just not going to make it to my shopping list† (Ehrenreich, 2002, p.88). Given the low wage that she earns, she has difficulty justifying the purchase of a seven dollar work shirt. In the next quote, her co-worker Alyssa finds herself in a more difficult situation: â€Å"Alyssa is another target for my crusade. When she returns to check yet again on that $7 polo, she finds a stain on it. What could she get off for that? I think 10 percent, and if you add in the 10 percent employee discount, we’d be down to $5.60. I’m trying to negotiate a 20 percent price reduction with the fitting room lady when rotten luck Howard shows up and announces that there are no reductions and no employee discounts on clearanced items. Those are the rules. Alyssa looks crushed, and I tell her, when Howard’s out of sight, that there’s something wrong when you’re not paid enough to buy a Wal-Mart shirt, a clearanced Wal-Mart shirt with a stain on it. â€Å"I hear you,† she says, and admits Wal-Mart isn’t working for her either, if the goal is to make a living† (Ehrenreich, 2002, p.100). Wal-mart is also notorious for squashing unions. If a branch plans to hold a union vote, the organization will hire new employees to dilute the number of people who are pro union. Moreover, the organization allots each store a seven-thousand dollar anti-union package; a thirty-thousand dollar undercover spy van, access to the organization’s one hundred thousand dollar anti-union hot-line; and the use of its seven-million dollar corporate jet for rapid response (Greenwald et al., 2005). If a branch is successful in a union vote, Wal-mart will not hesitate to close down that particular retail outlet. In summary, with the absence of unions and the current mind-set of management, it is highly unlikely that employee working conditions will improve any time soon. Social Responsibility to Shareholders Organizations have a social responsibility to their shareholders and must provide accurate information for investment decisions. (Duening et al., 2008). As stated by Duening and Ivancevich, â€Å"the ultimate action a stockholder can take is to sell the stock† (2008). It is important that organizational information be transparent and accessible. Also, organizations must be as efficient and effective as possible with the use of their resources. Any process or product feature that does not add value is wasteful and has an adverse effect on the bottom line. Investors of the twenty-first century want instant gratification and are therefore often fixated on short-term earnings. As corporations and their managers face pressure from shareholders to produce appeasing quarterly results, they often fail to think about the long-term well being of the organization, its employees and the environment. In recent years, there has been a significant increase in performance-based bonuses. In many multinational organizations, executives earn exponentially more than their lowest paid employees. As an incentive, executives often receive options for shares in the company. The value of those options is contingent upon the company’s short, medium or long-term performance. In 2010, chief executives at the United States’ five hundred largest firms collectively took home four billion dollars (DeCarlo, 2010). The value realized from exercised stock options accounted for the main component of their pay (DeCarlo, 2010). When managers act in their own self interest, bonus-based compensation schemes can have dire consequences for all parties involved. Social Irresponsibility to Shareholders: Enron In 2001, Enron filed for bankruptcy (Bryce, 2003). At the time, it was the largest bankruptcy in the history of the United States. The management cooked the books and misrepresented their position to shareholders (Little, 2011). Enron used mark-to-market accounting practices to manipulate earnings and to create a mirage of success. On several occasions, company executives lied to investors, overstated earnings and omitted critical information (Bryce, 2003). As a result, stakeholders lost billions of dollars. Also, the employee pension plan contained over two billion dollars in assets with sixty-two percent of the funds invested in Enron stock (Bryce, 2003). Thousands of Enron employees lost a bulk of their life savings. In addition, the California Public Employees Retirement system lost three billion dollars (Bryce, 2003). Many individuals, investment firms and hedge funds lost billions of dollars as well. While thousands of individuals lost large sums of money, Enron executives netted significant returns from their unethical stock manipulation and insider trading. Social Responsibility to the Supply Chain The supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from the supplier to the consumer (Shafer et al., 2010). Within the chain, an organization can be both a supplier and a customer. Today, many organizations realize the importance of strengthening relationships and working with fewer suppliers. In effect, suppliers and their customers have become interdependent on one another. Traditionally, customers pitted suppliers against each other in hopes of getting the best price. Today, however, many suppliers play a vital role in the operations process. Through vendor-managed inventory systems, organizations have been able to avoid stockouts, thus reducing inventory costs (Shafer et al., 2010). Corporations that rely on sole sourcing have a partner-like relationship with their suppliers. The just-in-time delivery system is based on customers pulling their orders through the supply chain while suppliers ensure the inputs arrive according to schedule. Companies are also responsible for ensuring that their suppliers are treated respectfully and paid on time. In this relationship, both organizations have to turn a profit to ensure their survival. Social Irresponsibility to the Supply Chain: Monsanto Monsanto is an organization that has little regard for the farmers who use its products or the end users that consume them. In 1994, Monsanto introduced Posilac to the American market. Posilac is a bovine growth hormone that was developed to increase milk production. Today, â€Å"the United States is the only developed nation that permits humans to drink milk from cows that have been given artificial growth hormone† (Laskawy, 2010, para 3). This product was banned in twenty-seven countries including Canada and the European Union (Achbar et al.,2004). Moreover, Posilac was tested for only ninety days to assess for human toxicity (Achbar et al., 2004). There is widespread concern regarding the long-term effects of this product on the well-being of humans and animals. Despite these concerns, this product was approved by the Food and Drug Administration. Either Monsanto misreported its findings or the Food and Drug Administration did not look at them. Health Canada research showed that bovine growth hormone could be absorbed by the human body with the possibility of a link to cancer (Achbar et al.,2004). In addition to being harmful, Posilac is of little value to farmers and end users. Prior to Posilac’s release, there was an abundance of milk in the marketplace and farmers were told to produce less of it (Achbar et al.,2004) Monsanto is an organization that supplies harmful products and expects farmers to distribute them to the general population. This organization is responsible for the premature release of bio-engineered foods in the marketplace. The long-term effects of genetically-modified food are still unknown. However, Monsanto requires a high level of coordination to get its products to market. The firm often requires help from politicians, professors, scientists, experts, the general public, reporters, and the Food and Drug Administration (Achbar et al.,2004). Monsanto also engineers terminator seeds. These are seeds that terminate themselves through a suicide gene (Achbar et al.,2004). Since terminator seeds are only good for one season, Monsanto has lowered the intrinsic value of them. In nature, seeds are meant to be replanted annually. However, this product goes against evolution and human well-being. There are billions of people around the world who are starving to death and farmers have been denied the opportunity to replant their seeds on an annual basis.This product is immoral to its customers, the end users, and humanity as a whole. Nonetheless, Monsanto still expects its customers to distribute these products to the end users. Social Responsibility to Customers Value is defined as any action or process that a customer is willing to pay for (Shafer & Meredith, 2010). To eliminate unnecessary waste, organizations should always be mindful of customer needs. Processes that drive up costs but do not increase the overall value of a product are wasteful. Firms should strive to reduce overproduction, inventory costs, unnecessary processing, wait times, transportation costs, and unnecessary human motions while minimizing the number of defects (Shafer et al., 2010). Competitive organizations continue to improve the quality and durability of their products (Shafer et al., 2010). However, if an organization fails to use its resources efficiently and effectively, it will likely be punished in the marketplace. A consumer has the ultimate decision on whether or not they will purchase a particular product. Therefore, companies should be adequately prepared to address consumer concerns and after-service needs, should they arise. Also, consumer goods should not do any biological or psychological harm to their customers. Products that have the potential to do harm to others should be put through rigorous testing to ensure they are safe for human use and consumption. Social Irresponsibility to Customers: Aguas del Tunari For twenty years, the World Bank has been working alongside successive governments toward independent development in Bolivia. The World Bank believes that a high proportion of leaders in developing nations are susceptible to corruption, including those in Bolivia. As a result, the organization has played a significant role in assisting the Bolivian government with privatization of its state-owned enterprises. In 2000, Aguas del Tunari corporation signed a forty-year contract with the Bolivian government to provide water to impoverished citizens in Cochabamba City, Bolivia. Aguas del Tunari was guaranteed a minimum annual return of fifteen percent on their two-and-a-half billion dollar investment (Salina & Starr, 2008). As part of the deal, Aguas del Tunari Corporation agreed to repay thirty million dollars of debt accumulated by the state utility company (Salina et al., 2008). In an effort to pay off the debt, Aguas del Tunari corporation increased water rates to twenty dollars per month — a thirty-five percent increase (Achbar, Abbott, Bakan & Simpson, ,2004). However, the company failed to consider the fact that many of its new clients were surviving on only two dollars a day (Achbar et al., 2004). This meant that the cost of water would account for roughly twenty-five percent of their daily income (Achbar et al., 2004). To make matters worse, the government had privatized rain water, making it illegal to collect the rainfall (Achbar et al.,2004). When the newly-owned utility company shut off the water supply to non-paying customers, violent protests erupted across all classes of society. Ninety-six percent of citizens demanded that the contract with Aguas del Tunari be terminated (Salina & Starr, 2008) . The government of Bolivia refused and told its citizens that there was nothing to negotiate. Protests spread to other major cities in Bolivia, eventually causing a ripple effect that would put the country into a state of emergency. To remedy this problem, the Bolivian government kicked Aguas del Tunari out of the country and resumed its role as the nation’s utility operator. In this unique case, it is difficult to conceptualize water as a commodity. Water is essential for survival and is seen as a birth right. Many would argue that the local government is responsible for regulating the cost of water and ensuring that it is affordable for all citizens. Since water surrounds us and falls naturally from the sky, it is difficult for a corporation to add value to it. Privatization of rain water is an extreme concept and certainly crosses some ethical boundaries. Social Responsibility of Corporations to External Beneficiaries Social Responsibility to Local Governments Elected officials have a social responsibility to the people whom they represent. Although corporations cannot directly cast a vote, they can leverage their power by donating large sums of money to political campaigns. In return, they often expect regulatory favors, exceptions, and preferential treatment. Corporations must however respect the local government and prohibit themselves from lobbying, bribing or manipulating local officials for the financial benefit of the organization. Although firms should not tempt government officials, politicians should also avoid situations where they may become vulnerable. As governments and organizations continue to work closely to achieve their objectives, they must ensure they maintain their ethical boundaries. When corporations gain power, the relative authority of local government diminishes and their authoritative power is often confined to their given jurisdiction. As organizations continue to grow, it is becoming increasingly difficult for them to be audited by local governments and regulatory bodies. For this reason, governments should consider implementing more rules and tougher sanctions to prevent legal and ethical misconduct. As history has shown, corporations are not always capable of self- governance. Social Irresponsibility to Local Governments: Long-Term Capital Management Deregulation of public enterprises and new business practices may not always be in the best interest of the general public. In 2000, the Clinton administration passed a bill that would deregulate the derivatives market and establish legal certainty for bankers (Lowenstein, 2002). The three major classes of derivatives are: futures, options and swaps. In detail, the derivatives market is not well understood by policy makers. There have been numerous cases of corporate fraud, financial mismanagement and unnecessary risk. Moreover, taxpayers have fronted billions of dollars to bail out financial institutions. In 2008, the value of the overall derivatives market was an astonishing six-hundred and sixty-eight trillion dollars (Sheridan, 2008). In 1994, Long-term Capital Management took the financial world by storm. This hedge fund was established by two proven Wall Street traders and two Nobel Laureates (Lowenstein, 2002). The fund started with four billion dollars in capital from its investors. The firm enjoyed four straight years of prosperity without a single monthly loss to be reported on their balance sheet. LTCM was thought to be the perfect hedge fund. It simply could not lose. LTCM leveraged its balance sheet trading by 30 to 1, while leveraging its off balance sheet trading by 250 to 1 (Lowenstein, 2002). At one point, the company had in excess of one trillion dollars in derivatives exposure (Lowenstein, 2002). In a short period of time, LTCM had lost nearly everything and turned to banks and the federal reserve for a bailout. At the time, this was the largest bailout ever. In Wall Street’s eyes, LTCM was simply too big to fail. It was thought that its demise would have had dire consequences for the entire economy. Since then, bigger investment firms have failed, bigger bailouts have been distributed and derivatives are still being heavily traded. It appears Wall Street still has a lesson to learn. It was the government’s deregulation of derivatives that allowed LTCM and other investment firms to behave unethically and do as they pleased. As a regulatory body, the Federal Reserve sent out the wrong message by bailing out LTCM. Condoning the behavior of this hedge fund created an environment that would encourage other financial institutions to take the same risks. Social Responsibility to the Environment and Future Generations Today, consumers and citizens increasingly expect more from organizations. Traditionally, firms externalized their costs while internalizing their profits. Today, however, many corporations are becoming ethically conscious and are working toward minimizing their carbon footprint. They have started to use mechanisms known as stakeholder management devices to respond to stakeholder claims (Duening et al., 2008). Progressive organizations have started working toward sustainable development to help create a world that is suitable for future generations. Many firms are also taking an interest in social issues. Some have started practicing corporate philanthropy. These positive efforts enhance a corporation’s good will and improves its overall image. This often translates into more sales and higher profit margins. Organizations that fail to take responsibility for their actions are often looked down upon. For example, an organization that shows complete disregard for the environment will likely tarnish their image and build up ill will. In effect, companies that act out of social obligation are viewed less positively than those that are socially responsive. Social Responsibility to the Environment and Future Generations: Tokyo Electric Power Company In March of 2011, the Japanese coast was rattled by a forceful 9.0 earthquake and a gigantic tsunami. The Fukushima Dai-chi and Fukushima Dai-ni power plants sustained critical damage (TEPCO to Compensate Nuclear Plant Victims, 2011). Both of these power plants are privately owned by the Tokyo Electric Power Company (TEPCO to Compensate Nuclear Plant Victims, 2011). The nuclear disaster revealed the company’s misplaced confidence and a failure to adequately forecast its worst case scenario. Furthermore, the company chose to disregard Japan’s tsunami history and relevant GPS data. TEPCO engineers did not factor in earthquakes that occurred prior to 1896 (TEPCO Dimissed Important Scientific Evidence in Planning Nuclear Plant’s Defense, 2011). Tsunami modelers at TEPCO factored in an earthquake of 8.6 magnitude in its worst case scenario model (TEPCO Dimissed Important Scientific Evidence in Planning Nuclear Plant’s Defense, 2011). The earthquake that occured on March 11, 2011 was four times more powerful than the maximum presumed (TEPCO Dimissed Important Scientific Evidence in Planning Nuclear Plant’s Defense, 2011). Given Japan’s geographical position and the volatility of nuclear energy, TEPCO should have put more thought into their calculations. After much delay, the Japanese government has ordered TEPCO to pay partial retribution to the citizens affected by this nuclear catastrophe. Beginning on April 28, 2011, TEPCO has started to compensate families in the nominal sum of twelve-thousand dollars for losses attributed to evacuation, having to stay indoors and nuclear contamination (TEPCO to Compensate Nuclear Plant Victims, 2011). These partial retributions are miniscule. Often times it is cheaper for a corporation to hire a good public relations specialist than to rectify the actual problem. This nuclear disaster has crippled local businesses, fishing operations, tourism and the livelihood of citizens. TEPCO’s greed and irresponsibility has cost the citizens of Japan and the nation at large by causing tremendous losses. Moreover, citizens in neighboring countries and the Western part of the United States have grown concerned over their personal well-being. In TEPCO’s case, the local government should have taken extra measures to ensure the facilities were built to withstand an earthquake of great proportion. Local governments are elected and represent the interest of the people. Therefore, it is their responsibility to ensure private organizations behave ethically. Companies should be forced to take full accountability for their actions. In regard to privatization of nuclear energy, governments should pressure organizations to strive for seven-sigma quality. As we have witnessed, a defect in nuclear energy can have significant implications for the general population. Conclusion As illustrated in this paper, organizations have a social responsibility to both their internal and external beneficiaries. Firms should always conduct business with integrity and concern for others. Although many organizations may feel pressure to increase their short-term earnings, they must retain their focus and uphold their social responsibilities to their stakeholders. Through long-term objectives, organizations can set standards that will ensure their survival. It’s important to emphasize that the decisions an organization makes will often affect society as a whole. As illustrated in the case studies above, companies that go astray or act in their own self interest can adversely affect the well-being of many stakeholders. However, tougher sanctions and an organizational credo may help give an organization ethical focus. In conclusion, by practicing self-governance and obeying existing laws, corporations will be well on their way to becoming socially responsible and dependable organizations. Works Cited Achbar, M. (Director/Producer), Abbott, J. (Director), Bakan, J. (Writer), & Simpson, B. (Producer) (2004). The Corporation (DVD). Canada: Big Picture Media Corporation. Bryce, R (2003). Pipe Dreams – Greed, Ego and the Death of Enron. New York, NY: Public Affairs. DeCarlo, S. (2010). What the Boss Makes.Forbes.com.Retrieved on April 18th, 2011 from http://www.forbes.com/2010/04/27/compensation-chief-executive-salary-leadership-boss-10-ceo-compensation-intro.html Duening, T. N., Ivancevisch, J. M. (2006). Managing Organizations Principles & Guidelines. Cincinnati, OH: Atomic Dog. Ehrenreich, B. (2002). Nickel and Dimed On Not Getting By in America. New York, NY: Owl Book. Greenwald, R. (Director), Gilliam, J. (Producer) (2005). Walmart: The High Cost of Low Price (DVD). United States: Brave New Films Disinformation Company. Laskawy, T. (2010). Court Rules rBGH-Free Milk Milk is Better Than the Kind Produced With Articifical Hormones. Now What? Retrieved on April 19, 2011 from http://www.grist.org/article/food-2010-10-06-court-rules-on-rbgh-free-milk. Little, C. (2011). Ethics [class lectures]. Texas A&M University-Commerce. Spring 2011. Lowenstein, R. (2002). When Genius Failed: The Rise and Fall of Long-term Capital Management. Great Britain: Clays Ltd and St. Ives plc. Salina, I. (Director), Starr, S. (Producer) (2008). Flow: For The Love of Water (DVD). United States: Oscilloscope Laboratories. Shafer, S. & Meredith, J. (2010). Operations Management for MBAs, 4th Edition. John Wiley and Sons, Inc. Sheridan, B. (2008). 600,000,000,000,000? Newsweek. Retrieved on April 20, 2011 from http://www.newsweek.com/2008/10/17/600-000-000-000-000.html. TEPCO to Compensate Japan’s Nuclear Plant Victims. (2011). BBC News Asia_Pacific. Retrieved on April 17, 2011 from http://www.bbc.co.uk/news/world-asia-pacific-13090304 TEPCO Dimissed Important Scientific Evidence in Planning Nuclear Plant’s Defense. (2011). Japan Today. Retrieved on April 24, 2011 from http://www.japantoday.com/category/commentary/view/tepco-dismissed-important-scientific-evidence-in-planning-nuclear-plants-defense.

Oral Reading Expression

Oral Reading Expression Introduction Reading refers to the overall active, cognitive (acting on, reworking, and transforming input to trigger responses), and affective process of constructing meaning from written texts. The ultimate purpose is to derive specific meaning from the written texts. Reading is a learned behavior dependent on mastering a written code based on the alphabetic principle.Advertising We will write a custom research paper sample on Oral Reading Expression specifically for you for only $16.05 $11/page Learn More Special education defines the type of learning process that entails individuals possessing special needs; such needs include hearing impairment, partial and or total blindness, feeblemindedness, and physical disabilities among others. Individuals with special needs face numerous challenges including difficulties in oral expressions in terms of reading. For effective communication to take place between different parties, there must be a mutual understandi ng, being brought about by fluent and easy way of expression of ones feelings, ideas, expectations among other issues, which is acceptable and affirmative among the communicating parties. Oral reading expression is one of the many ways used for communicating ideas, thoughts, and deriving meaning from written materials such as books, magazines, electronic formats (hypertexts) and other forms of written materials available (Braunger and Lewis, 2006). Problem cause of Oral reading Difficulty in oral reading has become a major problem that affects communication, most especially in special education. Both the elderly individuals and those with special needs are faced with this problem. With the elderly, the problem occurs due to loss of clear view and comprehension of written text due to vast age or eye infections. Some individuals are born totally blind, hence needing the use of Braille equipments for text comprehension, others may suffer from short or long sightedness, and this affects the way written text is interpreted. The entire community needs to be aware of the adverse effects that oral expression bears on individuals, and should advocate for appropriate measures to be adopted to ensure that individuals facing such challenges are catered for. This could be done by acquiring Braille reading equipments in schools, providing medical services that treat and protect the eye sight, and promoting overall understanding among individuals facing such challenges.  Braille enables the blind to read and comprehend written text, though it cannot be of much help if the content is in video or motion picture, if the contents are hypertext, this means that there will be extreme difficulty for the victim to easily comprehend. For the minority with eyesight sicknesses, appropriate medical services should be easily availed to such individuals, like provision of corrective eye lenses to correct both long and short sightedness, treatment of eye defects such as Trachoma, Catarac ts and so on. Application of medical services to the community will have an adverse overall effect of helping majority of the individuals facing infections to their eyesights through massive medical campaigns at subsidized and affordable costs held in health centers, churches, and schools.Advertising Looking for research paper on education? Let's see if we can help you! Get your first paper with 15% OFF Learn More This will encourage most individuals to get treatment and advice from professionals. In addition, counseling services should be provided to special needs populations, specifically to parents of feebleminded individuals so that they can provide support to the victims while at home and in school. This will ensure the adaptability of a common reading language to be used between the parties, though such a method will not be as effective due to stigmatization, and inferiority complex resulting from the current situation (Danforth, 2009). Special educatio n It is a widely challenged field within the entire education system because of the special needs that arise, and the challenges facing individuals with special needs. Special education caters for individuals with physical and mental unfitness. Such individuals could either be blind (partial or total), physically handicapped, mentally retarded, and some might be faced with traumatic occurrences. Special education requires the availability of both resources in terms of materials, professional skills, and overall support from the community to ensure that those individuals who have special needs, have adequate, sufficient, and efficient access to all the services provided through special education. There should be a workable cooperation between the government, local authorities, and the community to ensure that the individuals’ demands are met in a cost effective manner. The government should ensure equal and equitable distribution of special education professionals within the e ntire region to access and provide quality services. Adequate funds should be allocated to the special education kitty to enable the acquiring of special equipments that meet the demands of special needs, and also their maintenance. Adequate and modern training should be provided to the professionals who handle individuals with special needs in terms of education, this will enable the integration of modern methods that will ensure that the individuals are able to comprehend oral reading and expression. Special needs individuals and parents should be encouraged to come out clear and participate in activities that help individuals to learn, access, and practice oral reading and expression. This will reduce the number of individuals facing such problems, at the same time increasing their ability to comprehend and adapt to the system of reading using any means available at their disposal (Winzer, 1993). In my own situation, the important issues should be to encourage individuals through mass media, churches, concerts, and other available forms advocating for the slogan that â€Å"disability is not inability†, and provide the required resources to the special education sectors. This will reduce stigmatization, and other forms of fear that usually embrace such individuals.Advertising We will write a custom research paper sample on Oral Reading Expression specifically for you for only $16.05 $11/page Learn More Conclusion Oral reading is an interactive process by which expressions from written texts are interpreted to derive meaning, which helps individuals to express their notions and conscience. It is a behavior learned gradually with time. Special education defines and addresses the specificity of individuals who possess special needs that are unique within the entire population, and require professional extensive care to cater for such needs. Such people require consideration from both the professional and the government stakehold ers to enable their needs to be addressed effectively, including the problems of oral reading. References Braunger, J. Lewis, P. J. (2006). Building a knowledge base in reading. NY: International Reading Assoc. Web. Danforth, S. (2009). The incomplete child: an intellectual history of learning disabilities. Broadway: Peter Lang. Web Winzer, A. M. (1993). The history of special education: from isolation to integration. Washington, DC: Gallaudet University Press. Web.

Advantages and Disadvantages of a 401k plan to the Employer and Employee essays

Advantages and Disadvantages of a 401k plan to the Employer and Employee essays A 401(k) plan is a retirement account to which employee and employer contribute, on which taxes are deferred until withdrawal, and for which the employee selects the types of investments. As with anything to do with the Internal Revenue Service, the 401(k) plan has many ups and downs and many regulations that must be followed. This makes things more difficult for both the employer and employee in making decisions about the plan. We have taken a look at the advantages and disadvantages of the plan from both sides of the table to show what all is involved in deciding to use a 401(k) plan. We then give a comparison and contrast of two major companies that use this plan as an option to their employees, and weigh the good and bad points of their particular plan. With this information it makes things a little clearer as to whether or not a 401(k) plan is the definite way to go. First, we take a look at the advantages to the employers to see if it is worth it for them to offer this plan to their employees. The low cost of the plan makes it very desirable. No employer contributions are necessary because the plan can be entirely funded with contributions from your employees salaries. Companies do not have to offer any vesting options, unless they want to. If they believe that the employee does not find vesting to be that important, then the employer can just basically set up the plan for their workers and that alone gives the employee a since of convenience. Many employers set up 401(k) plans because they are popular and offering one may help them attract and retain good employees. Many college students today are more familiar with retirement plans and may chose to work for a company based on benefits the company may offer. A 401(k) plan could bring these college students to an employer, so it is very important for employers to think about the effects of a retirement plan such as the 401(k) when considering hiring employees. ...

Frida Kahlo and Edvard Munch essays

Frida Kahlo and Edvard Munch essays How have the artists communicated meaning when reacting to events in their life and/or exploring private emotions? Frida Kahlos The Broken Column 1944 and Edvard Munchs Evening on Karl Johan 1982. Frida Kahlos The Broken Column is portraying an image of her life and her experiences. Even though Frida Kahlo was thought to be a surrealist, she solely painted her reality that portrayed her mental and physical pain. Andre Breton, a surrealist poet, once actually remarked that Kahlo was a surrealist, but Kahlo denied arguing that she only painted her reality and her experiences of life. Although Kahlo was aware of the surrealist movement, she did not necessarily get involved with it. Kahlos paints were actually highly personal self-portraits that revealed the most painful aspects of her life. The most significant event in Kahlos life was the most tragic one as well. At the age of eighteen, she was involved in a serious bus accident that not only changed her for the duration, but that also changed her life; her body was almost ruined. Both her spinal column and pelvis were broken in three places. Not capable of leaving her bed, and with out many options to pass her time, Kahlo began painting; this was her only way of revealing her thoughts and exploring her innermost painful feelings, memories, and experiences. Kahlo spent the next three years of her life, as she was unable to move, painting and portraying the reality of her life; how it had changed and how helpless and incomplete she felt. One of the paintings that represented her feelings was The Broken Column. Edvard Munchs Evening on Karl Johan is a strange piece. It represents a feeling of anxiety. A strange thing about Munch is that he uses private symbolism through his artworks. Munchs symbolic image, finally free from represent faithfully and ban ...

The Effects of Alcohol Abuse on a Diagnostic Imaging Department Dissertation

The Effects of Alcohol Abuse on a Diagnostic Imaging Department - Dissertation Example 15 3.2 Data Analysis 16 3.3 Sampling 17 3.4 Ethical Considerations 17 3.4.1 Informed Consent 17 3.4.2 Ethical Application 17 3.5 Time Frame and Cost 18 3.5.1 Time Frame 18 3.5.2 Associated Costs 19 4.0 Possible Projected Outcomes 21 Reference List 22 1.0 Literature Review 1.1 Introduction In itself, alcohol use is not something that generally leads to heath problems or visits to the hospital. However, alcohol abuse is linked to many health problems, both immediate and cumulative. Alcohol abuse can take many forms from drinking significant amounts of alcohol on a regular basis, to drinking large quantities occasionally (binge drinking). Both forms of alcohol abuse have direct and indirect health consequences. Globally, alcohol is responsible for approximately 1.8 million deaths per year . From 2005 to 2006 in the United Kingdom, more than quarter of a million people were admitted to hospitals for diagnoses related to alcohol. This includes direct effects of alcohol, such as alcohol ov erdose, and indirect effects, such as injuries as the result of driving while intoxicated. The number of alcohol-related admissions has been growing since around 1997, and roughly doubled in the years between 1997 and 2006 . Alcohol consumption is also increasing as a result of values changing and alcohol becoming inexpensive and readily available. The consumption of alcohol has become socially acceptable in many circumstances, and is often encouraged . For example, among young adults and in University settings, there is a strong alcohol drinking culture. These factors make it likely that alcohol consumption will continue to increase, and place pressure on many parts of the healthcare industry. This includes hospital departments who often have to work with people being admitted who are... The essay discusses that in itself, alcohol use is not something that generally leads to heath problems or visits to the hospital. However, alcohol abuse is linked to many health problems, both immediate and cumulative. Alcohol abuse can take many forms from drinking significant amounts of alcohol on a regular basis, to drinking large quantities occasionally (binge drinking). Both forms of alcohol abuse have direct and indirect health consequences. Globally, alcohol is responsible for approximately 1.8 million deaths per year. From 2005 to 2006 in the United Kingdom, more than quarter of a million people were admitted to hospitals for diagnoses related to alcohol. This includes direct effects of alcohol, such as alcohol overdose, and indirect effects, such as injuries as the result of driving while intoxicated. The number of alcohol-related admissions has been growing since around 1997, and roughly doubled in the years between 1997 and 2006. Alcohol consumption is also increasing as a result of values changing and alcohol becoming inexpensive and readily available. The consumption of alcohol has become socially acceptable in many circumstances, and is often encouraged. For example, among young adults and in University settings, there is a strong alcohol drinking culture. These factors make it likely that alcohol consumption will continue to increase, and place pressure on many parts of the healthcare industry. This includes hospital departments who often have to work with people being admitted who are still intoxicated, and who must manage many alcohol-related injuries.

Central Bank Independence and the Conduct of Monetary Policy Essay

Central Bank Independence and the Conduct of Monetary Policy - Essay Example During the period of 1970s and in the beginning of 1980s, main industrialised economies witnessed constant stage of increased inflation (Walsh, 2005). A central bank that is independent enjoys freedom while planning its instrument of policy in order to attain its purpose. In order to have functional independence, it is necessary for the main purpose of the nationwide central bank with regard to a state which is a member of the EU, to be planned in a transparent and lawfully certain way. It is also required to be completely aligned along with the main purpose of price steadiness (Smaghi, 2007). To be more precise, the concept of central bank independence means that the bank enjoys complete independent authority in planning the degree of short-term rate of interest with regard to the ‘money market’ (Smaghi, 2007). 2. The Central Bank Independence & Framework of Monetary Policy In the earlier years, there have been certain absolute alterations made in the legislation of the central bank in order to boost the legal independence for the bank. The alterations made in the legislation provide more power to the central bank and facilitates it to emphasise chiefly on the purpose of price stability. ... Therefore, it can be stated that the vital purpose of the monetary policy designed by the independent central banks is to uphold stability in prices by effectively managing the inflation (Cukierman, 1994). 2.1. Basic Concepts in Monetary Policy The mechanism of the monetary policy is a process with the help of which alterations in the supply of money have an effect on employment, equilibrium of payments, output and inflation as well. For instance, any increase in the supply of money would imply that there would be more availability of money for the people to expend on assets that are financial in nature. As a result, the cost of the financial assets would increase. It is a known fact that there exists an inverse relationship among the rate of interest and the cost of the financial assets. To further understand this concept, it is assumed that there has been an issue of a certain government bond for ?1000 and which is expected to pay an interest of 10 per cent which makes it ?100. Now , if assumed that the price for that particular bond went up to ?2000 then the interest of ?100 would be now 5 per cent. Therefore, it indicates that an increase in the costs of the financial assets would result in decreasing the interest rates. Decrease in the rate of interest encourages investment along with consumption. They even tend to lessen the requirement for currency by way of lowering the value as well as increasing the export demand and lessening the import demand concurrently (Grant & Vidler, 2000). The main purpose of a central bank is that of defending the worth for the currency with regard to what it would buy. Inflation or rising price decreases the value for money. Monetary