8 Infinity Facts That Will Blow Your Mind

Parkinson s Disease A Progressive Neurodegenerative...

Introduction The research problem Parkinson’s Disease (PD) is a progressive neurodegenerative movement disease affecting approximately 1% of people at age 60. It is the most second most commonly occurring neurodegenerative disease in the elderly (after Alzheimer’s Disease). In PD patients, loss of dopamine-producing neurons results in a range of motor and non-motor symptoms. The prevalence of PD increases with age, and currently there is no cure, no means of slowing the disease progression, and no means of prevention. Unfortunately there is currently no objective, quantifiable diagnostic test for PD – diagnosis relies on observation of a combination of visible symptoms by a specialist (typically a neurologist) and there is a high rate of misdiagnosis. Just as importantly, a patient may have the disease for many years before it is diagnosed. By the time of diagnosis, typically 60% or more of the neurons in the affected part of the brain (the substantia nigra) have already been lost. There is active research into the causes of PD and it is likely that both neuroprotective drugs and treatments to slow the disease progression will be developed. However, the efficacy of such treatments depends on early diagnosis, before the irreversible loss of dopaminergic neurons has occurred. Significance of the research The basic premise of the research is that PD, being a disease that affects movement, will cause changes in the characteristics of hand and finger movement and that some ofShow MoreRelatedThe Purpose Of My Research Conducted For This Paper Was1677 Words   |  7 Pagesmy research conducted for this paper was to examine the relationship between Parkinson s disorder and its connection to the anatomy of the human body. Parkinson s is a progressive disorder of the nervous system that affects movement due to the loss of Dopamine. Dopamine which is a neurotransmitter located in the brain allows signals to be transported from one nerve cell to another. Its purpose is to regulate both movement and cognition. The loss of these chemical messengers can cause both stiffnessRead MoreSymptoms And Symptoms Of Parkinson s Disease Essay831 Words   |  4 PagesParkinson Disease by Melissa Green Topical Bibliography In partial fulfillment of the writing requirement for Anatomy and Physiology 304 and the Department of Speech-Language Pathology SUNY Buffalo State Fall 2016 Parkinson’s disease is a neurodegenerative disorder characterized by motor symptoms or tremors, rigidity, (bradykinesia) or slowness of movement and posture instability. Parkinson’s involves the malfunction and death of vital nerve cells in theRead MoreIs Parkinson Disease A Disease?1290 Words   |  6 Pages Parkinson Disease Danielle West University Of Arkansas Fort Smith Medical Terminology Fall of 2015 Introduction Parkinson is a disease that is a glitch in the neurons in the brain, which frequently affects the substantia nigra. Part of the dying neurons produces a chemical called dopamine. As this progresses, the dopamine in the brain decreases. Dopamine is a chemical in the brain which helps the body regulate coordination and movement in the body. Once Parkinson Disease (PD)Read MoreAlzheimer s Disease And Its Effects On The Lives Of Millions Americans Essay1714 Words   |  7 Pages â€Æ' Introduction Neurodegenerative diseases continue to affect the lives of millions Americans each year, with incidence and prevalence rates ever increasing. These diseases cause degeneration or death of nerve cells in the brain. These diseases can cause a financial and emotional burden on not only patients themselves, but also family members and care givers as well. Molecular mechanisms that underlie these diseases have remained relatively unclear, despite much research. Understanding the mechanismsRead MoreParkinson s Disease : A Progressive, Chronic, Neurodegenerative Disease883 Words   |  4 PagesParkinson’s disease is defined as â€Å"a progressive, chronic, neurodegenerative disease† (Medscape, 2014). Parkinson’s disease affects the movement of the body and develops gradually, starting from a slight tremor and can progress into loss of autonomic movements to speech changes and writing changes. In this paper the author will discuss ethical and legal concepts related to P arkinson’s disease and how certain treatments like stem cell transplants can help but also be a major risk factors and haveRead MoreParkinson s No Longer Happens But Is Inherited1181 Words   |  5 Pageshappens but is inherited An autosomal recessive is how one inherits a trait, disorder, or disease that is passed or shared through families. Whether it is albinism or red hair (also referred to as day walkers or ginger) height or heath both parent carry the autosomal trait that is passed to the child. An autosomal recessive disorder means that two copies of an abnormal gene must be present in order for the disease or trait to develop. A mutation in a gene on one of the first 22 non-sex chromosomes canRead MoreThe Disease Of Parkinson s Disease1648 Words   |  7 Pages Abstract Parkinson’s disease has been cataloged as one of the most serious and slowly progressive neurodegenerative disease that affects a wide array of motor and non-motor aspects that impact the function of a person. Afflicting over four million Americans and the second most common neurological disorder after Alzheimer’s disease, Parkinson’s continues to take its toll on the neurological health of many(Constantinescu et al, 2007 ). James Parkinson, a British physician first coinedRead MoreParkinsons Disease and Small Farming Community Essay771 Words   |  4 PagesCase Study Parkinson’s Disease Scenario L.C. is a 78-year-old white man with a 4-year history of Parkinson’s disease (PD). He is a retired engineer, is married, and lives with his wife in a small farming community. He has 4 adult children who live close by. He is taking carbidopa-levodopa, pergolide, and amantadine. L.C. reports that overall he is doing â€Å"about the same† as he was at his last clinic visit 6 months ago. He reports that his tremor is about the same, his gait is perhaps a little moreRead MoreThe Parkinson s Disease ( Pd )1058 Words   |  5 PagesIntroduction The Parkinson s disease (PD) is the second most common neurodegenerative disorder after Alzheimer s disease (Lang and Lozano, 1998). It affects about 1% of the population with different ethnic backgrounds throughout the world over the age of 65 (Tanner and Goldman, 1996). The aetiology of Parkinson s disease is not well understood; however, genetic and environmental factors are thought to play a role (Checkoway and Nelson, 1999). Pathologically, PD is characterised by mitochondrialRead MoreNot Only Is It Detrimental To The Social Development Of1604 Words   |  7 Pagesthat, â€Å"Many of these lifestyle changes have been shown to lower the risk of other diseases, like heart disease and diabetes, which have been linked to Alzheimer s† (Alzheimer s Association Organization). Even if evidence cannot definitively determine if these lifestyle changes directly relate to a prolonged life, there are correlations that have been developed in a multitude of studies. In terms of Parkins on’s disease, it has been proven time and time again that the slowing of motor function can be

Hnd Judge How the Business and Cultural Environments Free Essays

string(48) " access to customers they didn’t have before\." HND Business Birmingham Metropolitan College Mathew Boulton Campus Riddle of the day A woman shoots her husband. Then she holds him under water for over 5 minutes. Finally, she hangs him. We will write a custom essay sample on Hnd Judge How the Business and Cultural Environments or any similar topic only for you Order Now But 5 minutes later they both go out together and enjoy a wonderful dinner together. How can this be? 3. 3 judge how the business and cultural environments shape the behaviour of a selected organisation This builds to answer; Judge how Lloyds TSB has been behaviour has been affected by political, economic, social, technical, legal, and environmental pressures. Industrial concentration Over the last 100 years the size of firms has generally been increasing. 50 years ago in the UK most shops were privately owned and supplied the local area, however over time larger shops have become more and more important. Tesco for instance is a huge employer in the UK and now serves millions of customers with an estimated one in every seven pounds spent on retail being spent in Tesco, it has now extended well beyond the UK and is operating in many different companies. In 2002 Walmart was the biggest earning firm in the world, with an annual revenue of $219 billion. This was a higher figure than the GDP of many countries. As a general rule different industries are dominated by a smaller number or larger firms. This trend is referred to as industrial concentration. How has industrial concentration been achieved? It has happened in a number of different ways, primarily many of the firms have naturally gained in size, e. g. opened more and more stores, or built bigger and bigger factories. However it has also been achieved through mergers, where firms combine themselves together And By takeover where one firm will buy out another firm Why grow in size? One of the major reasons or advantages of growing in size is to achieve economies of scale. Merger as a method of growth Mergers offer firms a great advantage because over night they can grow substantially, they can become more secure, gain great economies of scale and have greater diversity. Case study Barclays In 2003 Barclays Bank was looking for a major European Bank to merge with. It started looking at mergers for three main reasons Barclays had previously been a target for a takeover, by being a larger organisation it is a lot harder to become a target for takeover The bigger it becomes the greater the economies of scale it could gain It allowed Barclay’s access to European markets, far more easily than setting up its own branches abroad. Merging gave Barclays overnight access to a large customer base that was already established, additionally it gave Barclays technical experience of Europe. What economies of scale do you think Barclays gained from expanding abroad? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Vertical mergers Vertical mergers are mergers of firms in the same chain of production, for example a brewer merging with a farmer (producing the raw ingredients hops) or a brewer merging with a pub. Both of these are examples of vertical mergers because they are in the same chain of production e. g. eer The brewer merging with the farmer would be a vertical backwards merger, because the brewer is merging with someone at an earlier stage in the production chain. From the farmers point of view merging with the brewer would be a forward vertical merger, because he is merging with someone at a later stage of production. Moti ves for vertically backward mergers Firms can gain a number of advantages by vertically merging backwards these might include Economies of scale Guaranteed supply Not supplying competitors without knowledge (might mean not supplying any competitors) Motives for vertically forward mergers Most manufacturers never sell directly to the public, they rely on retailers to do it for them, by merging with a retailer demand for your product is guaranteed. You can stop your competitors products being stocked (or controlling them, e. g. charging a higher price for them Key factors in a merger Both firms must feel they are gaining from it, they must both feel they are gaining more control Horizontal mergers A horizontal is where firms at the same stage of production merge. These firms usually produce the same goods and are usually at least to some extent in direct competition with each other. Motives for horizontal mergers Greater efficiency, for example getting rid of duplicated management roles Greater use of staff, under-utilised staff might be used at another plant or location Greater control of the market Greater combined buying power, therefore gain economies through bulk buying. Job saving, redundancies almost always follow mergers, and this creates cost savings for the new organisation Eliminate competition; what better way to eliminate a competitor than to merge with them, this helps reduce down competition and mean price competition is reduced. We have seen how governments may oppose this) Increase market share, you will gain new customers, possibly in locations where you didn’t have any before Examples of horizontal mergers P O and Stena Line merged in November 1997 saving 1000 out of a combined workforce of 5000 Commercial Union and General Accident merged, the merger caused nearly 3000 redundancies Lateral mergers Lateral mergers are where two firms t hat are at the same stage of production, but where the products do not directly compete. For example a brewery with a soft drinks manufacturer. The products are likely to be sold in the same places, e. . shops, restaurants, pubs etc, but they do not compete directly against each other. They do not lure each other customers away. So a pension company (Scottish Widows) merged with Lloyds TSB, they didn’t compete directly against each other, but they were in a related market. Reasons for lateral mergers Economies of scale can be gained, but one of the major reasons will be to have a wider range of customers in more diverse markets. Both firms will have access to customers they didn’t have before. You read "Hnd Judge How the Business and Cultural Environments" in category "Papers" The new firm only gains in customers from the combined companies E. Lloyds TSB could access customers from Scottish Widows, and Scottish Widows had access to a lot more customers than it had befo re at Lloyds TSB. Conglomerate mergers This is a merger where the two firms have nothing in common, for example a brewery and a washing machine manufacturer. The two have nothing in common Reasons for conglomerate mergers Some economies of scale can be gained, but mostly it is risk bearing that is the major drive, both firms are more likely to be secure in the new form where they have a combined much wider range of products over possibly a much wider area Case study The merger of Carlton and Granada In 2003, Carlton and Granada TV companies announced their intention to merge and form a firm worth about ? 4. 1 billion. It was estimated that the new company would control about 50% of the television advertising market. Advertisers and media agencies both expressed their fears over the potential creation of a single airtime sales house if the two existing houses owned by the two companies combined. The Competition Commission decided that an investigation was in order, and they produced a 456 page report into the proposed merger. What are the benefits for the two companies in merging? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Why was the Competition Commission so concerned over the merger? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Multinational corporations Perhaps an inevitable consequence of industrial concentration was the multinational corporation. These are firms that have extended beyond their native counties and have become global organisations, that in many cases are worth many billions. Why have they grown? Beyond economies of scale there are other advantages, a firm might be nearer its customers, be able to modify its product and not have to pay import duty. Other advantages can include lower labour costs in other countries Lower production costs Being closer to raw materials (therefore transport costs are reduced) Growth of multinationals There has been a rapid increase in multinationals from 7000 in 1970 to 40,000 in 1995. More than half of multinationals come from five counties United States, Japan, Germany, France and the Netherlands By going global many of these firms have been able to expand hugely, some are economically more significant then small countries. Exxon for instance has comparable economic size to Chile BP which is the UK’s largest multinational is placed as being more economically significant than Cuba, or Uruguay Concerns about multinationals Many people are concerned over multinationals, concerns include Power they have over many governments due to their size Some have been accused of exploiting cheap labour They control many of the planets resources, e. g. gas and oil is largely controlled by a number of multinationals. Financing growth Not only can firms gain money to grow from the traditional routes of borrowing money from banks, they can also gain revenue from rights issues and venture capital. Rights issues If a firm is expanding it may well look to its existing shareholders to help finance that growth Rights issues allow shareholders to buy new shares in the company in proportion to what they already own, usually at a better price. So if a firm was planning to expand shareholders will be contacted and asked to see if they want new shares in this new venture, shareholders will be offered preferential rates (it is usually seen as a reward for shareholders) The firm gains extra revenue, but with a huge advantage that it doesn’t need to pay the money back (like a bank loan) If a shareholder wants to get their money back they will sell the shares. Both firm and shareholder can see it as a good option, hence forth it is a popular way to raise revenue. Venture capital Venture capital firms, or individuals will look to see if they can get a good bargain. This is very much want the Dragons on Dragon’s Den aim to do. Venture capital firms will inject money into the firm, but often will gain a significant share of the business as part of the deal. They may well want to have directors positions and may also want some kind of control in the business. This is not always a bad thing for the business, where the new company can gain valuable management help from the venture capital firm. Venture capital investment can happen at a number of different stages Seed investment; providing at the very earliest stage, possibly before a product has been fully realised Early stage investment; helping a firm in its opening stages, which can quite often be a difficult time for a business Expansion and later stage financing; helping a more mature company to expand Turnaround financing; helping failing firms to regain themselves Joint ventures Joint ventures are very similar to mergers, this will be where two firms form a separate division or new company. It will be financed and staffed by both companies, it might be used for instance for one firm trying to break into a new market, or a new country. By using a joint venture a company might gain all the experience of another firm, adding to its own advantages. However no upheaval or loss of staff. Outsourcing This is where an individual or another firm carries out some of the operation of the business, for example carries out the cleaning services carried out at the organisation. The firm gains by using outsourcing by Saving money that it doesn’t have to spend on training staff There are no recruitment costs There are no issues with redundancies or sacking of staff because they are employed by another company The firm can start a new service very quickly by using outsourcing By outsourcing it may be easier to get the experts needed. The firm wont have to worry about covering staff absences, the firm doing the contracted outsource work will have to worry about it instead. It can offer a quick and cheaper alternative (because there are no recruitment costs etc) to employing staff at the firm It is very good if the service is only needed in the short term. Technology and innovation Research and development is very expensive and doesn’t always work. However if it does work it can offer the firm huge advantages offering a new product or service that wasn’t available before. Because of copyright, many of these products will remain exclusive to the firm. Research and development is effectively another economy of scale, because usually only the large firms can afford it, and can afford it when it goes wrong. It is usually just major corporations that carry out research and development. Top 11 research and development companies 2002 1 Ford 2 General motors Siemens 4 Daimler Chrysler 5 Pfizer 6 IBM 7 Ericsson 8 Motorola 9 Matsushita Electric 10 Cisco 11 GlaxSmithKline Looking at the above firms, what are the main areas that research and development is carried out for? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Why do you think these areas have a lot of research and development carried out in them? †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Labour market trends A very important consideration for businesses is the state of the labour market. A higher rate of unemployment gives a firm an advantage to pick suitable workers from a wider pool. The bigger the choice the easier it is for them to get the right member of staff, and significantly without increasing wages. As the pool of workers reduces down so it is harder to get the right worker. On a similar basis the skills of the workforce are also very important, many positions in firms may require significant training. Proportion of managers with qualifications 2003 | All| Men| Women| Degree or equivalent| 48%| 55%| 39%| Higher education| 38%| 44%| 33%| A – level equivalent| 23%| 25%| 18%| GCSE or equivalent A – C| 17%| 22%| 13%| Looking at the above figures what doe it suggest is the trend between managerial position and qualification †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Generally the UK government realises the need of UK business for a more skilled workforce. This was behind the labour parties policy of encouraging higher education amongst the population and encouraging modern apprenticeships. However this has still not been enough. Many firms have looked outside of the UK for skilled workers at a lower cost. Additionally with the growth of communications technology it is easier for firms to employ members of staff in other countries. PEST of Lloyds TSB Lloyds Banking Group plc is a financial services group based in UK. It was initially known as Lloyds TSB Group plc and covers 40 countries in the world. However, its primary market is UK and it operates in three verticals namely, retail banking, wholesale and international banking and insurance and investments. The Lloyds Banking Group plc acquired the Halifax Bank of Scotland plc or the HBOS on January 16th this year (Company Profile par. 1) The subprime crisis which started in the US had its effect on those countries whose financial companies were participating in the US based risky financial instruments. UK was one of those countries and approximately around November 2007 the banking sector saw the unfurling of a major crisis (Caine). $323 billion was the amount of total assets write-down and credit loss in the world’s top 100 banks till May 2008. Amongst these, UK banks were also present; HBOS had a loss of $5. 9 billion while RBS or Royal bank of Scotland lost $15. 2 billion (Onaran). Due to the subprime and credit crisis towards the end of 2008 UK went into recession and since then the crisis has deepened. This is evident from the fact that the UGK GDP has declined further by 1. % in the period between January- March 2009. This has also been the sharpest decline since 1979. It is being predicted that the fall in GDP would be even more than 3. 5%, which was the common estimation among experts last year. The IMF has also predicted that the UK economy would decline by 4. 1% in 2009 (Monaghan par. 1, 3, 5, 13). But in comparison to other EU members the UK economy is in a slight ly better condition. Yet public finances will be in a very bad condition in comparison to its EU member states. Also, the country’s government deficit is predicted to be amongst the worst in EU for the next year (Giles, par. , 2, 10). Macro economic forecasts by different agencies have also predicted a depressing picture for the economy in the near future. GDP growth is predicted to be less than 0. 5% in 2010 while the Retail Price Index inflation is going to be between 2% to 2. 5%. Consumer Price Index inflation on the other hand is predicted to be at 1. 5%. Current account for 2010 would be at least -? 26 billion by April (Forecasts for the UK economy 12-13). http://mb atermpapers. om/an-analysis-of-lloyds-tsbs-current-strategic-position-part-i/ PESTEL Analysis of the Banking Crisis and Royal Bank of Scotland POLITICAL There are numerous entities comprising RBS’s political arena, including but not limited to: The Bank of England (BOE), BOE’s Monetary Policy C ommittee, Chancellor of the Exchequer, Financial Services Authority (FSA), HM Treasury, HM Treasury’s UK Debt Management Office, UK Financial Services and Markets Tribunal (which provides judicial review of the FSA), and Treasury Select Committee (which reviews HM Treasury’s activities). Each entity influences RBS’s ability to compete in a highly regulated sector. Each entity’s influence originates from their ability to sway and/or enact legislative acts which envelope RBS’s investment activities, reporting procedures, costs of capital, international participation and horizontal and/or vertical integration. The overall political mood of these government entities during the current banking crisis inculcates numerous feelings and perspectives, including but not limited to such attitudes as   i). angst about available credit to businesses and consumers; ii). repidation towards watchdog groups like rating agencies and government inspectors; and iii). worry concerning free market capitalism and the nationalization of key industrial sectors. Immersed in such a political atmosphere, RBS’s expectations include augmented publicly scrutiny regarding loan portfolios and lending activities, even greater banking regulation, increased governmental act ivities such as inspection parameters and enhanced reporting requirements. RBS’s political arena is struggling to recompense constituents for the government’s inability to stave off volatility despite huge expenditures of taxpayer dollars. RBS will identify trend lines in each governmental entity in order to position each entity into a governmental landscape attempting to redefine itself as a public body capable of ascertaining significant risks to the economy. By analyzing the decisions of entities like the BOE, FSA, UK Financial Services and Markets Tribunal, and Treasury Select Committee – RSB may fully assess the country’s political framework, the direction being taken by the government on a per entity basis and the ramifications upon the socio-economic canvas. One political activity is the HM Treasury’s establishment of the Bank Recapitalization Fund and the UK Debt Management Office’s 2008 Credit Guarantee Scheme. These programs are part of the Government’s attempt to stabilize the financial system and to protect and promote confidence in depositors, borrowers and other clients of RBS and other financial institutions. Under these programs the government will possess the capacity to set RBS’s dividend policies and bonus schemes. It will also require RBS to support lending to small businesses and home owners. Moreover, in October 2008 the HM Treasury purchased approximately ? billion in RBS preference shares[1], for which RBS will have to pay approximately ? 600m per annum. The government also underwrote a ? 15 billion share issue for Royal Bank of Scotland – as a result of which the government gained a 58 percent stake in the company. The performance of RBS’s Corporate and Global Banking divisions – in an atmosphere inundated with public and private institutions who failed to ascertain an accurate picture of the credit markets and banking industry – may be expected to benefit from funds made available from HM Treasury’s programs. Regarding the FSA, it has been perceived by some to be relatively weak and ineffective. FSA behavior is often criticized as being reactive rather than proactive. Some banking experts assert the FSA has allowed irresponsible banking and the FSA’s ineptitude may have precipitated the credit crunch. Indeed, the public acquisition of Northern Rock in mid-February 2008, and the takeover of HBOS by Lloyds TSB are key indicators that the FSA may have failed to oversee with insight and expertise. Once recent activity is that in September 2008, the FSA announced a ban on short selling to reduce volatility in difficult markets, including financial institutions. Another recent activity is the FSA’s Consultation paper entitled ‘Financial Services Compensation Scheme reform’. Published in January 2009, the paper recommends that a potential seven-day time limit, after the collapse of their account providers, for paying out to depositors could be imposed on the Financial Services Compensation Service (FSCS) in future. FSA also recommended a simplification for the eligibility parameters for depositors and for the processes of account providers transferring their customers’ information on the FSCS. ECONOMIC: The economic state of the nation will propel RBS towards activities based on reduced GNP growth, reduced demand for credit, decreases in consumer confidence and reductions in revenue sourced from interest rate spreads. However, clients in RBS’s Wealth Management division may realize long term gains if the market is currently near the bottom and grows in the future. With historical lows in interest rates and a monetary policy flooding the banking sector, RBS may capitalize upon low costs of capital and potential increases in the demand for credit. However, due to the economic climate, RBS is expected to be substantially risk averse and may avoid the tried and true real estate market. Large and small businesses seeking working capital, companies seeking merger financing and product development financing are potential opportunities for RBS given the current real estate climate. RBS’s may be expected formulate strategic merger opportunities, gravitate towards a greater risk averse position, raise capital through selling assets and increase the quality of its capital base. RBS may sell assets like its 10% stake in Bank of China[2]. The RBS has also placed t its near-1,000 pub estate up for sale, as it looks to improve its balance sheet with cash holdings[3]. RBS is also poised to cut around 3,000 jobs from its Global Markets investment banking division. 4] Moreover, RBS will compete in an economic climate experiencing increases in unemployment. The company’s layoffs are indicative of the financial sector reducing payrolls in order to streamline operations and enhance profitability. However, the economy’s overall increases in unemployment may facilitate a corresponding increase in small business start ups such that RBS may make loans to unemployed workers attempting to start their own firms. Per the aforementioned real estate situation, housing prices experienced a plunge of approximately 16 per cent last year, the biggest annual drop on record and RBS is poised for another turbulent year in real estate investment activities. The fall during 2008 established a current average house price at ? 153,048,   down ? 20,000 since December 2007[5]. However, in a discounted real estate market, RBS may facilitate real estate investors seeking long term gains and may also conduct businesses unrelated to real estate i. e. manufacturing, technological, agricultural, and health care. SOCIAL Social aspects of the credit crisis include, but are not limited to: career attitudes, consumer confidence, and worries regarding pensions. Career attitudes may be improved if RBS campaigns for unemployed workers to attempt to start their own small business. Consumer confidence may increase if RBS markets the low costs of capital for borrowers. And worries regarding pensions may be alleviated by RBS’s Wealth Management division and subsequent campaigns emphasizing investments in staple sectors, emerging markets and firms experience above average growth. TECHNOLOGICAL The aforementioned FSA’s Consultation paper entitled ‘Financial Services Compensation Scheme reform’ also recommends Britain’s banks spend approximately ? 1bn on upgrades for information technology systems. The proposed IT investment facilitates a bank’s capacity to produce a list of all customers’ deposits within 48 hours of the institution failing. This may support the FSCS’s ability to ensure that bank customers get their money back within seven days. Such a system may also limit the risk of a collapse of confidence from spreading. Furthermore, technological variables like software platforms based on data mining, neural networks, risk analysis and algorithms scanning financial criteria may offer RBS the tools necessary to optimize networks, maximize knowledge procurement and minimize data absence such that assets, liabilities, expenses and revenue streams are analyzed, assessed and reported upon in order to alert management on significant changes and/or potential problems. LEGAL RBS confronts numerous legal issues, including but not limited to: securities law, bank note regulation, separation of lawful matters centered on England and Scotland, country specific regulatory committees and a trade structures negotiated separate from England. RBS is poised to capitalize on the Scottish reputation for developing a wealthy nation such that, the concomitance of national legal frameworks may expedite innovation, facilitate the discovery of economic tools and promote a banking sector that leads the international economy into a more efficient, less volatile and improved transparency framework. By immersing itself in the legal framework of both regions, RBS may reap insight into the legislation the behind domestic economy and participation in an international marketplace. ENVIROMENTAL Several groups assert that RBS is one of the world’s top financing sources for oil and gas extraction. Allegations that RBS is funding oil and gas extraction in politically and environmentally sensitive regions and further entrenching dependence on oil and gas. These believes have resulted in campaigns against RBS   Protests have taken place at some RBS and Natwest branches in the UK. RBS supplies financial services to firms constructing coal-fired power stations and developing new coal mines at sites all over the world. RBS is accused of helping billions of pounds over the last two years to E. ON, and other companies emphasizing coal. On 17 January 2008 environmental groups wrote to RBS hoping to resolve environmental problems associated with the ABN AMRO-financed Sakhalin II project (RBS, Fortis and Banco Santander acquired ABN AMRO in 2007). RBS’S green holdings may alleviate these antagonistic positions while also offering investment returns in industries experiencing relatively positive growth rates. As alternative energy becomes a viable source for transportation and electricity, RBS may identify and locate potential businesses (whether small businesses or conglomerates) that offer above average yields. Further, RBS may spearhead the banking industry’s emphasis on alternative energy in a marketplace poised to replace oil even during a banking crisis. Industrial Analysis: Current Market Forces in Banking Sector There are several forces operating in the banking sector. A few of these are related to the current crisis and others are constant parts of the banking sector. Such forces include, but are not limited to: i). a demand for reform; ii). a supply of private money (whether publicly financed or not) that has experienced a constraining shift in risk adversity; iii). a nationalization of private sectors; iv). uncertain alterations of capital standards; v). ossible shifts in portfolio risks; vi). homeowner and depositor protection; and vii). possible prioritization of small and medium sized business. These demand and supply issues are drivers of change. Other drivers of change include regulatory bodies, private organizations and competitors within the banking industry. As alterations in portfolio risks shift capital, changes in specific industries may occur. For example, an influx of capital into alternative energy alongside a redu ction in real estate investment may fuel energy independence. As alterations in capital standards occur, banking companies are expected to change attitudes towards riskier loans. And as small and medium sized enterprises become a priority, the may be changes in the rate of innovation, the effect of small transactions and general economic data like unemployment or personal consumption. A banking sector’s industrial analysis would note that banking has existed so long that ascertaining the whole sector’s position in the life cycle is rather difficult. However, the sector is experiencing a nationalization, which in turn reverts back to antiquated stages of the sector’s life cycle. On the other hand, banking could be poised to accelerate its position in its life cycle due to the current economic crisis i. e. necessity is the mother of invention and the banking sector may invent methods to draw the economy out of the current crisis MADEAN2. WORDPRESS; http://madean2. wordpress. com/business/swot-pestel/ (2012) http://www. youtube. com/watch? v=1cV-R26kMrUfeature=related How to cite Hnd Judge How the Business and Cultural Environments, Papers

Increase in aggression in Health-Care Free Sample for Students

Question: Write a Report on Increase in aggression in Health-Care. Answer: Justification There has been a reported increase in aggression in health-care and there are growing concerns about its management. Aggression and violence among in patients constitute a significant workplace hazard for both mental health nurses and even the mental health patients. The mental health nurses have to take a lot of things into account when handling mental health patients that are potentially aggressive. There is a link between aggression and mental health; and this is justification as to why an aggression management program would benefit not only the mental health nurses, but the patients as well. By being aggressive, mental heal patients also pose a risk to themselves in terms of possible injury due to violent behavior and aggression can exacerbate mental health problems. Research shows that 25% of mental health nurses in the public sector experience violent and/ or aggressive behavior from mentally ill patients, resulting in serious personal injury to the nurses each year. This is a very high prevalence which is almost three times the prevalence in other vocational groups. Aggression and agitation are acute behavioral emergencies that require immediate attention; if undertaken using methods other than coercion, there is a chance of better outcomes, such as through verbal engagement. Violent and aggressive incidents can cause injury to staff, resulting in absent days and hampering the efficiency and effectiveness of mental care outcomes, hence it is imperative that Aggression Minimization Programs are practiced. Aims of the Aggression Minimization Program To determine the best approaches that can reduce incidences of aggression by mental health patients through a functional aggressive management program Objectives To implement a holistic mental health care program that improves mental health patients outcomes To reduce the physical and psychological risks for mental health care nurses from aggression by mental health patients To reduce aggressive behavior by mental health patients as a way of ensuring safety and health for the entire community, including the mental patients Justification Based on Organizational Objectives The hospital I work in has, as one of its main objectives, a desire to provide the best, holistic clinical care to all the patients, including mental health patients. The psychological well being of mental health patients is shaped by a myriad of interrelated factors and systems, including medical, social, psychological, psychiatric, lifestyle, behavioral, and spiritual (Meglathery, 2017). While doctors refer patients with mental conditions for psychological care, not many patients benefit from a holistic cognitive behavioral therapy. Violence from aggression is in itself a serious condition with equally serious implications for society and psychiatric care. It indirectly and directly impacts the quality of life of the community as a while, including family, the patients themselves, and mental health-care workers (Rueve Welton, 2008). The spectre of aggression and violence in psychiatric practice requires the stratification and management of risk as part of the holistic patient asses sment and treatment. Risk factors as well as symptoms of aggressive behavior and tendency towards violence must be addressed by psychiatric care givers while working with both outpatient and inpatient persons ad treatment teams. When appropriately treated and cared for, mentally ill patients do not generally pose an increased risk of violence when compared to the general population. Immediate and ongoing treatment as well as support for mentally ill patients is the key to minimizing aggression and violence among these patients. The hospital where I work has faced a significant challenge in providing mental health patients better and holistic care due to aggression and aggressive behavior; ultimately resulting in less-than-desired outcomes for these patients. Given the negative impact that aggression has on society, implementing an AMP at the hospital would not only improve the mental health of the mentally ill patients, but it will provide multiple benefits to society as a whole, in cluding for the care givers. This is because the most affected group are the mentally ill patients nurses and care givers; they experience violence, injury, and are at risk of aggressive behavior, which also has psychological effects on them. Aggressive behavior is not only exhibited as physical violence can cause physical harm, it is also exhibited as verbal aggression. The aggressive behavior from mental ill patients will also have adverse psychological impacts on nurses working with the mentally ill patients, which can be severe (Inoue et al., 2006). Aggression can have a significant toll on the victim by creating mental health problems for victims; it can also be manifested as physical effects too. Some of the mental effects include stress and a feeling of fear and apprehension while the physical effects are myriad and include heart palpitations, high blood pressure, heart attacks, overwhelming anxiety and panic attacks, fibromyalgia, sleep disruption, loss or memory and concent ration, tension headaches and migraine, uncontrolled mood swings, and irritable bowel syndrome among others (Boulanger, 2013). Clearly, these are serious effects that apart from adding to the burden of the mentally ill, it will deprive the hospital the experienced and much needed mental health-care nursing personnel. The indirect effects at the hospital includes reduced or low productivity,high employee turnover, lost motivation; these are very costly side effects that are caused by aggression from mentally ill patients. It is therefore of absolute importance that an AMP is introduced at the hospital to help ensure mentally ill patients receive holistic care and achieve better outcomes as well as to protect the nurses handling these patients. This is also important from a management point of view as productivity, employee safety, and reduced physical and psychological risks to the nursing staff and other employees. References Boulanger, A., 2013. Physical Effects Of Workplace Aggression: The Toll Bullying Takes On Your Mind And Body. Medical Daily. Available at: https://www.medicaldaily.com/physical-effects-workplace-aggression-toll-bullying-takes-your-mind-and-body-247018 [Accessed April 9, 2017]. Inoue, Makoto, Tsukano, Ken, Muraoka, Mitsutaro, Kaneko, fumiko, Okamura, Hitoshi, (2006). Psychological impact of verbal abuse and violence by patients on nurses working in psychiatric departments. Psychological Impact of Verbal Abuse and Violence by Patients on Nurses Working in Psychiatric Departments. Blackwell. https://ir.lib.hiroshima-u.ac.jp/metadb/up/ZZT00003/PSN_60_29.pdf. Rueve ME, Welton RS. (2008). Violence and mental illness. Psychiatry (Edgmont (Pa. : Township)). 5, 34-48.

Salient Features of Romanticism free essay sample

Wordsmith defined poetry as the spontaneous overflow of powerful feelings; Emily Dickinson said, If I read a book and It makes my body so cold no fire ever can warm me, I know that Is poetry; and Dylan Thomas defined poetry this way: Poetry is what makes me laugh or cry or yawn, what makes my toenails twinkle, what makes me want to do this or that or nothing. Poetry Is a lot of things to a lot of people. Homers epic, The Odyssey, described the meanderings of the adventurer, Odysseus, and has been called the greatest story ever told.During the English Renaissance, dramatic poets like John Milton, Christopher Marlowe, and of course Shakespeare gave us enough to fill textbooks, lecture halls, and universities. Poems from the romantic period Include Goatees Faust (1808), Coleridge Kabul Khan and John Keats Ode on a Grecian Urn. Shall I go on? Because In order to do so, I would have to continue through 19th century Japanese poetry, early Americans that Include Emily Dickinson and T. We will write a custom essay sample on Salient Features of Romanticism or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page S. Eliot, postmodernism, experimentalists, slam So what is poetry?Perhaps the characteristic most central to the definition of poetry is Its unwillingness to be defined, labeled, or nailed down. But lets not let that stop us, shall we? Its about time someone wrestled poetry to the ground and slapped a sign on Its back reading, Im poetry. Kick me here. Poetry is the chiseled marble of language; its a paint-spattered canvas but the poet uses words instead of paint, and the canvas is you. Poetic definitions of poetry kind of viral In on themselves, however, like a dog eating Itself from the tall up. Lets get rutty.Lets, In fact, get gritty. I believe we can render an accessible definition of poetry by simply looking at Its form and Its purpose: One of the most definable characteristics of the poetic form is economy of language. Poets are miserly and unrelentingly critical in the way they dole out words to a page. Carefully selecting words for conciseness and clarity is standard, even for writers of prose, but poets go well beyond this, considering a words emotive qualities, Its causal value, Its spacing, and yes, even Its special relationship to the page.The poet, through innovation in both word choice and form, seemingly rends significance from thin air. How am I doing so far? On to purpose: One may use prose to narrate, describe, argue, or define. There are equally underlying and over-arching purpose that goes beyond the literal. Poetry is evocative. It typically evokes in the reader an intense emotion: Joy, sorrow, anger, catharsis, love.. . Alternatively, poetry has the ability to surprise the reader with an Ah Ha! Experience revelation, insight, further understanding of elemental truth and beauty.Like Keats said: Beauty is truth. Truth, beauty. That is all ye know on Earth and all ye need to know. Hows that? Do we have a definition yet? Poetry is artistically rendering words in such a way as to evoke intense emotion or an Ah Ha! Experience from the reader. Pretty unsatisfying, huh? Kind of leaves you feeling cheap, dirty, all hollow and empty inside like Chinese food. Dont do this. Dont shackle poetry with your definitions. Poetry is not a frail and cerebral old woman, you know. Poetry is stronger than you think.Poetry is imagination and will break those chains faster than you can say Harlem Renaissance. To borrow a phrase, poetry is a riddle wrapped in an enigma swathed in a cardigan sweater.. . Or something like that. It doesnt like your definitions and will shirk them at every turn. If you really want to know what poetry is, read it. Read it carefully. Pay attention. Read it out loud. Now read it again. Theres your definition of poetry. Because defining poetry is like grasping at the wind once you catch it, its no longer wind.

Progressive Education Essay Example

Progressive Education Essay Example Progressive Education Paper Progressive Education Paper According to Gribble (1985) in progressive schools, there is this sense of social equality between adults and children which is one of the progressive ideals. Where the staffs are violent, pupils could also use the same method as a defence mechanism. Gribble further opined that just as machines are used by people so teachers should be used by children too and not children being directed by teachers. In line with progressive education, childrens learning should be purposeful, not tied to a particular curriculum usually entrusted on them with series of examinations and tests/assessments. The teachers moral responsibility is to help the children, guiding them to explore their talents and interests. It is however, important to avoid instilling irrational beliefs that children might not understand. The child must learn how to develop independency. Anything that has the tone of moral compulsion is against the principles of progressive education, which uniqueness rests firmly on the refusal to impose a particular set of values not only the ones contained in the curriculum (Gribble 1985). The philosophy of progressive schools has no room for any dictated creed. Children in progressive schools are allowed to make a choice and to express their opinions freely. The extent to which this is practiced depends on each school because children are helped to see learning as something they should enjoy. Progressive schools discourage competitiveness (Gribble 1985). Since children make their own choices and work at their own pace and not according to the dictate of anyone, it means that the individual pupil does not need to compete with anyone. This helps to relax the learning environment making it conducive for learning. A child neither measures his/her own achievement with any other childs nor does the OFSTED that would normally pressurise a state or public school present. There is usually no necessity for progressive school authorities to put pressure on the teachers who in turn pass the pressure on to the children through series of tests/assessments in order to be on top of the performance league table. There is usually no punishment in progressive schools and no inclination to any religious dogma or denomination. However, no matter how ideally progressive education is portrayed as panacea for traditional or conventional form of education as obtains in public, independent and state schools, it is obvious that some of them are not truly and completely progressive. There have been changes in the application of the original philosophy as propounded by pioneers of progressive educational methods some of whose contributions are mentioned and discussed next. Progressive thinkers There are some famous thinkers on childhood whose work are so vital in the history of child-centred education. Some of these writers in the early years did not categorically call their work progressive education, but what they did was catalytic to the formulation of body of knowledge that is called progressive education today to which a lot of acknowledgement is owed. This essay will briefly talk about their ideas, principles and ethos. One of these early writers was Jean Jacques Rousseau whose writings and progressive tilt brought about a fundamental change in the education of children. According to Darling J. ( ) in Rousseaus book Emile (1762), it is stressed that man should not disturb child growth but leave it the way nature has provided for it. Child-centred education came as an alternative due to dissatisfaction about the traditional education of that time. This rejection helped to fashion out current progressive education thought. In Emile, Rousseau asserts that the progressive idea took its root against the background of obligation and child depravity attached to children in those days where strict discipline and moral training for children was the norm. Rousseau rejected this idea and believed that children are good; that the evil seen in children is from a corrupt society. His ideas were that children should not be trained in such a way as to repress their natural tendency. When juxtaposed to modern progressive education concepts it translates to not imposing any particular learning style on children but rather allowing them to discover things by themselves Young childrens educational programmes should in Rousseaus view be confined to those things in which they have natural interest (Darling1994: 8 ). Rousseau promoted the fact that children learned from direct experience and opined that feeling is always learning, which can be understood to mean- learning from environment and not from a book. Rosseau is of the opinion that children should not be taught how to read until they are ready. He imagined that they would understand by learning from the environment and from feeling things around them. In addition to that he was of the belief that there has to be little information from a book. This is echoed by Calydon [ed] (1969:50) when it is said that Experience goes before instruction. However Rousseau did not clarify when learning from a book should set in but children should also seek information from books. This opinion is true because looking at teachers for instance, they had to learn from books and not only depend on experience. In modern progressive education students learn largely from experience as well as from books. Rousseau also advocated cordial relationship between a child and the teacher and that the child should learn from their actions. As discussed earlier progressive education does not see the teacher in authority like the teacher is seen in public schools; progressive education is therefore more of a child- centred approach to teaching. According to Darling ( ) Rosseau divided childhood into stages of human growth and development. He contended that different stages of growth require specific techniques. Therefore in progressive education pupils are given individual attention because each child has their own needs and peculiarities depending on their stages. Friedrich Froebel who established the first kindergarten at Keilhau, Germany in 1837 contributed immensely to the progressive idea of education. He believed that everyone has a spiritual value. Like Rosseau, he believed that every child had within themselves what they were to be at birth. He also believed that the appropriate educational environment would encourage the child to achieve optimum development.

Midwest Healthcare System Assignment Example | Topics and Well Written Essays - 250 words

Midwest Healthcare System - Assignment Example Mr. Wimple, chief operating officer, is the most valuable source of information since he is dealing directly with the management of the resources and funds resulting in the profit or the loss.   Strategies can be formulated with the assistance of the Mr. Wimple for more efficient running of the organization. Dr. Spock, medical director, responsible for the services and program being provided by the healthcare system, can highlight the economic success in relation to the efficient and affordable medical treatments and services. Ms. Bobcat, vice president of nursing, helps in confirming that the nursing staff is capable and responsible enough to work within the budget of healthcare systems. Also, to check if the incentives and pays provided to the nurses are be sufficient. The information gathered from the team can be gathered to formulate effective solutions for generating profits. As a CFO of the healthcare system, a financial budget will be prepared, with the approval for the implementation of Mr. Hazard, the CEO of Midwest Healthcare system.   The goal of the plan is the investment of the financial aids to generate revenues and cover expenditures. The information gathered from Mr. Wimple, ensures that the budget plan will operate effectively even in unexpected situations. Dr. Spock and Ms. Bobcat should be able to help in making the working of the budget plan successful and to ensure that the nursing staff and medical treatments are within the new budget plan.

The Patient Essay Example | Topics and Well Written Essays - 750 words

The Patient - Essay Example It was a Wednesday afternoon in June, and I almost didn't go to rehearsals because I had a lot of assignments to do and a class from 5-6, but things were getting really exciting at Ashe and I hated missing a single day. We were in the middle of a cruel dance workout with our director and choreographer "Joe-Joe", when our music teacher, Conrad, came over and whispered in his ear. We were at a loss to know what "Joe-Joe" meant, until Conrad brought us some tie-and-died t-shirts and urged us to don them quickly while explaining that we were going to sing "Friends" (Dionne Warwick), a song that we had been rehearsing, at a special occasion. He gave no further details. He crammed us into the bus, ran a quick warm up and role-check (I was singing the female lead) and took us away under the cover of night like Ali Baba and the Forty (in our case, Four) Thieves! We arrived at a suburban house in an unfamiliar part of town. Under a majestic tree with protective far-spreading branches sat about a hundred people in clusters of threes and fours. It wasn't what I had expected. I thought we were going to perform on a real stage, but a house Little did I know that due to the stigma on AIDS at the time, the hospices were kept secret, to avoid the scorn of local residents. Conrad hustled us "backstage", which was only inside the house, as we were to perform in under ten minutes. At first we stood in a confused huddle in a semi-lighted corner of the entrance hall, but little by little, events started to pull our uncomprehending attention to our unbelievable surroundings. The first shock to my system was when a man - medium height, with muscles and a firm build that he showed off with a black muscle-shirt and a tight-fitting jeans - sauntered by us and hugged and kissed Conrad on the cheek (Conrad was tall and skinny with knock-knees). I imagined my jaws dropped open (but I really didn't react just then), as I registered the similarity in the two men: the bald head, the earrings in both ears. I exchanged a glance with my then-best-friend Stephanie, and I saw her eyes growing round like an 'O'. Our eyes said everything. Now I awoke to the half-closed doors that lined one side of the hall. Through one I could just make out beds on which were hanging sore-dotted feet. Then as I watched, a women started going in and out of the rooms, bearing food, medication, towels, and a long-suffering expression on her face. Steph and I sidled to a more advantageous point for snooping, and lived to regret it. Inside one room were three beds and three painfully meager, pot-bellied, half-naked children, who looked as if they were living just to die. One of them was a boy with an everlasting head and a tiny body. The little that he had was either covered in bandages or running sores that the "nurse" had to keep bathing in a pungent liquid and threaten him not to touch. In the second room a fairly young man was staring in melancholy at his amputated leg, while on the bed beside his, a male "nurse" was having a hard time trying to feed an emaciated man who would yell for food as soon as the nurse was gone, but would tur n from it in revulsion as soon as it

Tourism system Essay Example | Topics and Well Written Essays - 2000 words

Tourism system - Essay Example A large amount national income comes from the tourism industry. Such vast amounts of information and data have to be stored and processed and should be distributed to the customers as efficiently as possible. Information technology plays a very important role in the tourism industry because through the use of information technology, several devices can be implemented which are used to store large amounts of information. Tourism industry was never a very renowned industry and people were not very interested in tourism industry. IT was only recently due to the technical advancements in technology. The advancements in Information Technology resulted in both the quantitative and the qualitative aspects of the economy of a nation and also advancements in the tourism department consequently fueling and sustaining an impressive growth rate over the years (Franke, 2003). This brings into focus the role of IT in tourism education geared at nurturing the necessary skills in potential managers in the industry to make the industry influential and effective. The benefits of implementing Information Technology in tourism industry can only be observed through the development in the tourism industry all over the world. Information Technology when applied to tourism industry, it takes the level of the tourism industry to a whole new level where touris... ome into play while implementing Information Technology in tourism - the information about the tourist places, the kind of places people would like to live in, the type of technology to be used and many such factors (Baggio, 2006). Each one has an important role to play in tourism. Tourism is characterized into three different components: Transport Sector Accommodation Sector Attraction Sector Transport Sector Transport is a major contributor to the development of the tourism industry. Transport helps link the origin and the destination areas through some means of transport. This means of transport could be any moving vehicle. Transport includes many entities such as holiday makers, business travelers, relatives, travelers, and other such entities. Transport facilitates the movement of these entities from one place to another. Before setting out on a journey of any kind, every traveler makes sure which Transport Company has a good safety record (Vich-I-Martorell, 2002). To this effect, airplanes coaches and even taxis are equipped with good communication equipment. An airplane requires highly sophisticated and highly advanced technical instruments to ensure passenger safety. Today's airplane has this highly advanced technical instruments and flies with the help of modern information technology equipment. A deep understanding and detailed weather information, altitude information and other such small but important information is provided by Information Technology. This information is given to the pilot. Using this information the pilot can communicate with the ground control during emergencies. With information technology in place, it is easy for airplanes to communicate to any airport during emergencies. In-flight entertainment is also a product of information

Spacetime Structure Implications from Quantum Mechanics

Spacetime Structure Implications from Quantum Mechanics Spacetime Structure Implications from Quantum Mechanics and Relativity Abstract Some idea proposed in the recent Penroses Conformal Cyclic Cosmology (CCC) is discussed in this paper. In CCC it is argued that the concept of time looses its meaning in a Universe filled solely with zero rest-mass particles (i.e. photons and gravitons). This particular idea is discussed, because at least conceptually it can have some implication on our understanding of spacetime and a role of rest-mass. Relativity was a great revolution in our understanding of space and time, sometimes leading to paradoxes. Quantum Mechanics introduced quanta of energy. It occurs that the existence of the minimum quanta of energy can has a strong implication on the spacetime structure. abstract should include at the max. 250 words. The abstract should give readers concise and correct information about the material of the article. It indicates what methodology you have used for your results and how you are concluding these results. The abstract should be restricted into a single paragraph with Times New Roman with Font Size 10, with proper justification. Keywords: quantum mechanics; general relativity; conformal cyclic cosmology Introduction Einsteins Relativity theory has been experimentally verified very thoroughly and also Quantum Mechanics predictions are experimentally very well checked. The philosophical or physical interpretation of mathematical equations of Relativity is commonly accepted. However Quantum Mechanics is a very good working operating tool, whereas the interpretation differs widely amongst physicist and philosophers (outlook of various interpretations can be found e.g. in [2]). Basing on the recent Penroses cosmological proposal [9] it seems that some implications to our understanding of spacetime can be derived from principles and as consequences of Relativity and Plancks law. It can also lead to a specific interpretation of a wave function in Quantum Physics. The Penroses selected idea will be presented at first. Then some considerations influenced by this idea will be discussed. Problems with time measurement In [9] Penrose states that in a spacetime filled solely by photons and gravitons no clock can be built (Only the fact that rest-mass is zero is important. Therefore in the rest of this paper only photons will be discussed. Anywhere in the text when a photon is discussed it is important that it is a particle with zero rest-mass.). In order to have any clock a massive particle is needed. A stable massive particle â€Å"ticks† with the specific frequency (It can be derived by combining Plancks formula and Einsteins formula . Detailed discussion is in [9].). (1) . So when there is no massive particles a spacetime looses its metric structure and only the conformal structure remains. On the other hand the black hole evaporation process (known as Hawking radiation) [5] may lead the Universe to such a state in a very long time. Simply speaking if the Universe will be expanding (and therefore cooling) then after some time the background will be cooler than all black holes. Of course the infinite expansion is assumed. There are however some objections, because there may be some matter left, not collapsed to black holes. E.g. some lonely massive particles can resist. Penrose discuses both possibilities: some highly hypothetical process of loosing mass in a very long period and implications of an event horizon. It is not a scope of this paper to discus it more thoroughly. Only to state that a spacetime filled only with zero restmass particles is physically interesting, reasonable and possible. Penrose argument that in such a spacetime no time measurement can be done (and only conformal structure remains) seems true [3, 11]. Briefly â€Å"one can dispense with the geodesics neither of test particles nor of light rays in measurement process† [6]. More discussion on this topic can be found e.g. in [10]. In this paper it is assumed that Penroses proposal is true and if spacetime is filled with zero rest-mass particles or massive particles which cannot influence each other due to event horizon the n time cannot be measured in such a spacetime. Possible consequences of this statement will be discussed. Proper time of a photon, the Observability Principle and tiling a spacetime Let us consider a spacetime filled only with zero rest-mass particles. From Special Relativity it is known that any of such a particle â€Å"feels† no proper time. For example no time passes for a photon between its emission from the Sun and its absorbing on the Earth. Time passes e.g. for people on the Earth, but no time passes for a photon. Sticking to the Observability Principle, which means that anything which cannot be observed does also not exist [7, 8], one can say that for a photon both events take place at the same time (Because time difference between leaving the Sun and coming on the Earth, such as for the people on the Earth, does not exist for a photon and is not observed by a photon.). It means that no time passes in the Universe filled only by zero rest-mass particles just as Penrose concluded in [9]. For the sake of clarity such a Universe will be called a Penroses Universe further in this paper. Fig. 1: To distinguish between different configurations time is needed. In case of no time (inability to measure time) one can say that all possible configurations happen at the same time. Or simply each particle is at the same time in all possible places. It seems important to present some consideration here (which was not stated by Penrose). From the above paragraph it can be concluded that different configurations can be realised in the same time. Here a time is understood as an internal property of a Penroses Universe. The meaning of adjective internal will be clarified throughout the rest of this paper. Of course we are used to measure time for example by comparing configurations of objects (e.g. distance proportions between parts of them, etc.). When we see an egg on a table and next we see smashed egg on the same table we guess that a time has passed. In sake of clarity in a Universe filled with photons solely we should distinct between configurations (able to happen at the same internal time) and events (which happen one after another due to the order of the arrow of time). In a Penroses Universe configurations are possible, but events are excluded by the definitions. So in a Penroses Universe each possible configuration takes place in the same (internal) time. Equivalently they just take place simultaneously. (If there is no time it can be said that everything happens at the same time.) If one considers all possible configurations in a Penroses Universe, one can equivalently say that each zero restmass particle is everywhere at the same (internal) time (Let us notice that we may omit internal because if it is assumed that nothing exists except a particular Penroses Universe then any other reference for some other â€Å"time† cannot exist.). Of course the fact that a photon â€Å"feels† no time when passing from A to B i.e. that it has zero proper time does not imply that it is therefore everywhere in spacetime and, in particular, it does not mean that it is â€Å"simultaneously† on all possible paths between A and B. Indeed, in relativity theory, light moves on well-defined null geodesics. What I am trying to emhasise is that without massive particles it is impossible to discriminate these geodesics [3] and therefore (actually this is the crucial step) following the Observability Principle we identify all situations that are undistinguishable. It may be concluded that this is somehow similar to rather commonly agreed thought that the reality emerges only in relation to the results of measurements. Fig. 2: In A there is no massive particle. In B there are some. Time exists internally in B. A is a tiny Penroses Universe without time (as far as no interaction with B happens). A (global) time for which we can treat A as Penroses Universe is measured in B, because in A no time exists. It means that on A+B there is a time. Such a picture is not valid in our Universe because efficient clocks exist in it. The apparent contradiction occurs only because we imagine a Penroses Universe from the external point of view (experiencing the flow of the time). If we imagine that nothing exists except a Penroses Universe we would not have to use internal to describe time. Simply no device to measure time flow would exist. Now let us think about a spacetime as a manifold (as in General Relativity). One living in the spacetime approximates the global structure of the whole manifold by observing his neighbourhood. However locally there is no â€Å"absolute time† as Relativity states. Consider now a small tiny part of the Universe (an open subset in the manifold). The Universe is filled by both zero and non zero rest-mass particles (as our Universe we live in). But locally we can find small parts of it which are filled solely by photons. We can treat each such a part as a Penroses Universe as far as no interaction with any massive particle takes place. It is due to previous considerations. We can say that no time passes inside such a part as far as no event takes place. It is understood that events take place in the global Universe. And by the event we mean here some act of interaction between a part being a Penroses Universe and a part of the global Universe possessing at least one non zero rest-m ass particle. Then these two parts can be treated as one part (being then not a Penroses Universe). In other words let us find in our Universe as much as possible very small Penroses photon filled local Universes. These small Universes differ from Penroses one big Universe by the fact that they can be treated as such only as far as they do not interact with some massive part. The idea of tiling the spacetime manifold is sketched on pictures. Fig. 3: An interaction happened from part B to part A. A is no longer a Penroses Universe. Fig. 4: Such a timeless Universe cannot be divided into a massive parts and Penroses Universe parts. No matter how we would tile this Universe each component has no time. In a Penroses Universe it is unclear how the different configurations (spacetime paths) are to be defined. Indeed, just as there is no time measure, so there is no spatial measure (with which one can distinguish, for instance the distance between points on two different paths). Therefore due to the Observability Principle particles in such a universe are as if they were everywhere at the same time. What is needed to talk about any time order is an interaction with some massive particles. Only then e.g. before and after are sensible notions. Discussion on the Double Slit Experiment In the famous doubleslit experiment a photon seems to pass through both slits at the same time. Therefore a wave function has been introduced, because a particle behave as if it were a wave. However if one tries to localise through which slit a particle actually passes, interference image is erased and a particle behaves as a corpuscle. Therefore one says about corpuscular-wave dualism. But due to considerations in previous paragraph one should also be able to say that a photon really passes through both slits (because no time passes for a photon, so two event take place for a photon at the same time). And what is called a collapse of a wave function is just a choosing of a particular path out of all possible. Such a measurement is however possible only if non zero rest-mass is involved. It is known that as a particle becomes more massive quantum properties are less clear and lighter particles behaves more like a waves (photons, electrons). The ability to measure time interval can al so be seen from Eq. (1). In such an interpretation a wave function is not an abstract existence in observer mind. It is a physical being. But as such should somehow depend not only on a particle but also on a spacetime in which is considered. Summarising Relativity Einstein once strongly criticised any physical concept which is â€Å"independent in its physical properties, having a physical effect, but not itself influenced by physical conditions† [4]. Just a proposed interpretation of a wave function should therefore be justified if this wave function interacts with spacetime. Basing on General Relativity we know that the spacetime is influenced by gravitation. So the first simple test for the new interpretation is to check whether gravitation changes a wave function. Fortunately such an experiment was done. Firstly neutron beam was scattered into two beams: each influenced by the same gravitational field. Secondly the whole apparatus was placed in a way that after scattering the gravitational fields for the first beam and for the second beam were different. By examining the interference pattern it was observed that the quantum-mechanical phase shift of neutrons is caused by their interaction with Earths gravitational field [1]. One can then also speculate that the gravitational field influences a wave function. It can be objected that the proposed explanation of quantum mechanics is contradicted by the conservation of the energy. A particle really going thorough all possible paths would do infinite work. It is not true in the proposed scheme. No procedure could measure such an energy, because those trips take places in a part of a spacetime where no useful time concept exists. If time is immeasurable then the particle can do the work needed to go through all possible paths. However immediately when a working clock is used, a particular path is localised an the energy conservation is saved. It can also be seen from this argument that the Feynmans Path Integral approach is the most natural formulation of Quantum Mechanics. Conclusions The presented arguments lead to the specific interpretation of quantum mechanics. Conceptually the presented considerations show that one can find some guide towards Quantum Physics starting from Relativity and Plancks law. Especially Feynmans Path Integral Formulation emerges in nice way. Some further implication to Cosmology occurs. The Universe filled solely with zero rest-mass particles should be treated as in a superposition state of all possible states. Occurrence of strictly positive masses not separated by event horizon would give the origin to time and states being in a superposition can be reduced to a particular state. It advocates the concept of the Universe wave function. In a black hole singularity time stops and mass density is infinite as is known from Relativity. If one would look at a singularity from the presented point of view one could say that mass density is infinite only for external observer. Because only such an observer has a meaningful concept of time. Infinite density occurs as a consequence of localising all in-falling particles in a point. However as it was explained in the paper if time stops, all particles can occupy the same point in the same â€Å"time† (which exists only for external observer). A possibility of application of the presented scheme will be explored in the future research.

iSLAM :: essays research papers

Islam began when Muhammad went away and saw the angel Gabriel. He told Muhammad that he was Allah’s; it is how Muslims call god, Prophet. At first people didn’t believe he was the Prophet of Allah. It was until after Muhammad died did Islam start to truly spread. Islam also teaches that there is only one God. Muhammad calls all people to worship Allah, because He is merciful and fair. On Judgment day, he will come and judge everyone according to his or her actions. It is pretty much like the Catholic Church teaches. If you do good things for others you will be rewarded and if you don’t you will go to hell as a punishment. â€Å"And they (women) have rights (over their husbands as regards living expenses, etc.) similar (to those of their husbands) over them (as regards obedience and respect, etc.) to what is reasonable, but men have a degree (of responsibility) over them. And Allah is All-Mighty, All-Wise." (Al-Baqarah 2:228) Muslims also have different perspectives on certain issues particularly in treating females and males the same way. Men are allowed to have four wives but must treat them with care and love. Men can divorce their wife/wives at any time they wish. Unfortunately, women aren’t allowed to do the same. Muslims have Five Pillars of Faith which explain five major parts of Islam. The first on is on faith and says that there is no god except god and everyone can have. A message of guidance has come through a man like us. Salat are the prayers that are prayed five times a day which brings up the second one, Prayer. Muslims believe that the principles of Islam are only made by god and that money is up to humans only. Just like we have Lent and fasting, Muslims have dates similar to these. During the month of Ramadan Muslims must fast during the daylight. After the fast, it is followed by a feast to only the ones who stayed true to the fasting. And finally, the fifth one is the pilgrimage or the Hajj. Every year, Muslims travel to Mecca, if they can afford it or are in good condition, and it is believed that it gives a preview of Judgment day.

Discrimination and Single Equality Scheme Essay

Ann Gravells states the importance of keeping uptodate with legislation and codes of practise in Preparing to Teach in the LifeLong Learning Sector. According to Gravells it is important to do so â€Å"to ensure you are remaining current with your knowledge and practise, and any changes or updates that have taken place.† I comply with various generic legislation and codes of practise which relate to my role as a teacher and some that are specific to the subjects I teach i.e. assessor and verifier awards, management, helath & socialcare (adults and children) and some specific to my organisation. As a teacher I need to be aware of and comply with the following: †¢ Health and Safety at Work Act 1974. †¢ shall be the duty of every employee while at work— †¢ (a)to take reasonable care for the health and safety of himself and of other persons who may be affected by his acts or omissions at work; and †¢ (b)as regards any duty or requirement imposed on his employer or any other person by or under any of the relevant statutory provisions, to co-operate with him so far as is necessary to enable that duty or requirement to be performed or complied with †¢ Race Relations (Amendment) Act 2000. †¢ Disability Discrimination Act 1995 and 2005 (DDA). †¢ Special Educational Needs and Disability Act 2001 (designed to bring education within the remit of the DDA through the addition of Part 4 DDA 1995). †¢ Equality Act 2010. the Act is to consolidate the complicated and numerous array of Acts and Regulations, which formed the basis of anti-discrimination law in Great Britain. This was, primarily, the Equal Pay Act 1970, the Sex Discrimination Act 1975, the Race Relations Act 1976, the Disability Discrimination Act 1995 and three major statutory instruments protecting discrimination in employment on grounds of religion or belief, sexual orientation and ageIt requires equal treatment in access to employment as well as private and public services, regardless of the protected characteristics of age, disability, gender reassignment, marriage and civil partnership, race, religion or belief, sex, and sexual orientation. In the case of gender, there are special protections for pregnant women. In the case of disability, employers an d service providers are under a duty to make reasonable adjustments to their workplaces to overcome barriers experienced by disabled people. †¢ Data Protection Act 1998. †¢ Copyright, Designs and Patents Act 1988 (The Copyright and Related Rights Regulations 2003). †¢ IfL Code of Practice for Teachers (2008) covers the activities of teachers in Lifelong learning sector. Gravells, a the code is based on seven behaviours, namely: professional integrity, respect, reasonable care, professiponal practise, criminal defense disclosure, responsibility during institute investigations, responsibility. †¢ Safer practice, safer learning (2007) – responsibilities for safeguarding vulnerable adults in the learning and skills sector – published by NIACE and DES. The LSC Single Equality Scheme 2007-10: Our Strategy for Equality and Diversity (LSC, 2007) identifies their strategy for ensuring legal requirements are met and is relevant to all organisations funded by the LSC (Learning and Skills Council), link http://readingroom.lsc.gov.uk/lsc/National/nat-singleequalityscheme-30apr07.pdf [pic] Although mainly relevant for teachers working with learners under 19 or vulnerable adults under 25 years of age, you should also look at: †¢ Protection of Children Act 1999. †¢ Every Child Matters Every Child Matters (ECM) is a UK government initiative for England and Wales, that was launched in 2003, at least partly in response to the death of Victoria Climbià © Its main aims are for every child, whatever their background or circumstances, to have the support they need to: †¢ Be healthy †¢ Stay safe †¢ Enjoy and achieve †¢ Make a positive contribution †¢ Achieve economic well-being Biblography: Gravells, Ann: Preparing tpo Teach in the Life Long Learning Sector : fourth Edition. †¢ Safer practice, safer learning (2007) Responsibilities for safeguarding vulnerable adults in the learning and skills sector, NIACE and DES. †¢ LSC (2007) Single Equality Scheme: Our Strategy for Equality and Diversity Online: http://readingroom.lsc.gov.uk/lsc/National/nat-singleequalityscheme-30apr07.pdf [pic] http://www.legislation.gov.uk/ukpga/1974/37/section/7 http://en.wikipedia.org/wiki/Equality_Act_2010 http://en.wikipedia.org/wiki/Every_Child_Matters

Understanding Dinosaur Combat

Understanding Dinosaur Combat In Hollywood movies, dinosaur fights have clear winners and losers, carefully demarcated arenas (say, an open patch of scrubland or the cafeteria in Jurassic Park), and usually a bunch of scared-out-of-their-wits human spectators. In real life, though, dinosaur fights were more like confused, chaotic bar brawls than Ultimate Fighting matches, and rather than persisting for multiple rounds, they were usually over in the blink of a Jurassic eye. (See a list of the Deadliest Dinosaurs, as well as Prehistoric Battles featuring your favorite dinosaurs, reptiles, and mammals.) Its important at the outset to distinguish between the two main types of dinosaur combat. Predator/prey encounters (for example, between a hungry Tyrannosaurus Rex and alone, juvenile Triceratops) were quick and brutal, with no rules except kill or be killed. But intra-species clashes (say, two male Pachycephalosaurus head-butting each other for the right to mate with available females) had a more ritualistic aspect, and rarely resulted in a combatants death (though one presumes serious injuries were common). Of course, in order to fight successfully, you need to be equipped with suitable weapons. Dinosaurs didnt have access to firearms (or even blunt instruments), but they were endowed with naturally evolved adaptations that helped them either to hunt down their lunch, avoid being lunch or propagate the species in order to restock the global lunch menu. Offensive weapons (like sharp teeth and long claws) were almost exclusively the province of meat-eating dinosaurs, which preyed on one another or on gentler herbivores, while defensive weapons (like armor plating and tail clubs) were evolved by plant-eaters in order to fend off attacks by predators. A third type of weapon consisted of sexually selected adaptations (such as sharp horns and thickened skulls), wielded by the males of some dinosaur species in order to dominate the herd or compete for the attention of females. Offensive Dinosaur Weapons Teeth. Meat-eating dinosaurs like T. Rex and Allosaurus didnt evolve big, sharp teeth merely to eat their prey; like modern cheetahs and great white sharks, they used these choppers to deliver quick, powerful, and (if they were delivered in the right place at the right time) fatal bites. Well never know for sure, but reasoning by analogy with modern carnivores, it seems likely that these theropods aimed for their victims necks and bellies, where a strong bite would cause the most damage. Claws. Some carnivorous dinosaurs (like Baryonyx) were equipped with large, powerful claws on their front hands, which they used to slash at prey, while others (like Deinonychus and its fellow raptors) had single, oversized, curved claws on their hind feet. Its unlikely that a dinosaur could have killed prey with its claws alone; these weapons were probably also used to grapple with opponents and keep them in a death grip. (Bear in mind, however, that huge claws dont necessarily connote a carnivorous diet; the big-clawed Deinocheirus, for example, was a confirmed vegetarian.) Eyesight and smell. The most advanced predators of the Mesozoic Era (like the human-sized Troodon) were equipped with large eyes and relatively advanced binocular vision, which made it easier for them to zero in on prey, especially when hunting by night. Some carnivores also possessed an advanced sense of smell, which enabled them to scent prey from far off (though its also possible that this adaptation was used to home in on already-dead, rotting carcasses). Momentum. Tyrannosaurs were built like battering rams, with enormous heads, thick bodies, and powerful hind legs. Short of delivering a fatal bite, an attacking Daspletosaurus could knock its victim silly, provided it had the element of surprise on its side and a sufficient head of steam. Once the unlucky Stegosaurus was lying on its side, stunned and confused, the hungry theropod could move in for the quick kill. Speed. Speed was an adaptation shared equally by predators and prey, a good example of an evolutionary arms race. Since they were smaller and more lightly built than tyrannosaurs, raptors and dino-birds were especially quick, which created an evolutionary incentive for the plant-eating ornithopods they hunted to run faster as well. As a rule, carnivorous dinosaurs were capable of short bursts of high speed, while herbivorous dinosaurs could sustain a slightly less brisk pace for a longer period of time. Bad breath. This may sound like a joke, but paleontologists believe that the teeth of some tyrannosaurs were shaped so as to purposely accumulate shreds of dead tissue. As these shreds rotted, they bred dangerous bacteria, meaning any non-fatal bites inflicted on other dinosaurs would result in infected, gangrenous wounds. The unlucky plant-eater would drop dead in a few days, at which point the responsible Carnotaurus (or any other predator in the immediate vicinity) chowed down on its carcass. Defensive Dinosaur Weapons Tails. The long, flexible tails of sauropods and titanosaurs had more than one function: they helped to counterbalance these dinosaurs equally long necks, and their ample surface area may have helped dissipate excess heat. However, its also believed that some of these behemoths could lash their tails like whips, delivering stunning blows to approaching predators. The use of tails for defensive purposes reached its apex with the ankylosaurs, or armored dinosaurs, which evolved heavy, macelike growths at the ends of their tails that could crush the skulls of unwary raptors. Armor. Until the knights of medieval Europe learned to forge metallic armor, no creatures on earth were more impervious to attack than Ankylosaurus and Euoplocephalus (the latter even had armored eyelids). When attacked, these ankylosaurs would plop down onto the ground, and the only way they could be killed was if a predator managed to flip them onto their backs and dig into their soft underbellies. By the time the dinosaurs went extinct, even titanosaurs had evolved a light armored coating, which may have helped fend off pack attacks by packs of smaller raptors. Sheer bulk. One of the reasons sauropods and hadrosaurs attained such enormous sizes is that full-grown adults would have been virtually immune to predation: not even a pack of adult Alioramus could hope to take down a 20-ton Shantungosaurus. The downside to this, of course, was that predators shifted their attention to easier-to-pick-off babies and juveniles, meaning that out of a clutch of 20 or 30 eggs laid by a female Diplodocus, only one or two might manage to reach adulthood. Camouflage. The one feature of dinosaurs that rarely (if ever) fossilizes is their skin colorso well never know if Protoceratops sported zebra-like stripes, or if Maiasauras mottled skin made it difficult to see in dense underbrush. However, reasoning by analogy with modern prey animals, it would be very surprising indeed if hadrosaurs and ceratopsians didnt sport some kind of camouflage to cloak them from the attention of predators Speed. As mentioned above, evolution is an equal-opportunity employer: as the predatory dinosaurs of the Mesozoic Era become faster, so do their prey, and vice-versa. While a 50-ton sauropod couldnt have run very fast, the average hadrosaur could rear up onto its hind legs and beat the bipedal retreat in response to danger, and some smaller plant-eating dinosaurs may have been capable of sprinting at 30 or 40 (or possibly 50) miles per hour while being chased. Hearing. As a general rule, predators are endowed with superior sight and smell, while prey animals possess acute hearing (so they can run away if they hear a threatening rustle in the distance). Based on an analysis of their crested skulls, it seems likely that some duck-billed dinosaurs (like Parasaurolophus and Charonosaurus) could bellow to each other over long distances, so an individual hearing the footsteps of an approaching tyrannosaur would be able to warn the herd. Intra-Species Dinosaur Weapons Horns. The fearsome-looking horns of Triceratops may only have been secondarily intended to warn away a hungry T. Rex. The position and orientation of ceratopsian horns lead paleontologists to conclude that their main purpose was in dueling with other males for dominance in the herd or breeding rights. Of course, unlucky males might be wounded, or even killed, in this processresearchers have unearthed numerous dinosaur bones bearing the marks of intra-species combat. Frills. The giant head ornaments of ceratopsian dinosaurs served two purposes. First, oversized frills made these plant-eaters look bigger in the eyes of hungry carnivores, which might opt to concentrate on smaller fare instead. And second, if these frills were brightly colored, they could have been used to signal the desire to fight during mating season. (Frills may also have had yet another purpose, as their large surface areas helped to dissipate and absorb heat.) Crests. Not quite a weapon in the classic sense, crests were protrusions of bone most often found on duck-billed dinosaurs. These backward-pointing growths would have been useless in a fight, but they may well have been employed to attract females (theres evidence that the crests of some Parasaurolophus males were larger than those of the females). As mentioned above, its also likely that some duck-billed dinosaurs funneled air through these crests as a way of signaling to others of their kind. Skulls. This peculiar weapon was unique to the family of dinosaurs known as pachycephalosaurs (thick-headed lizards). Pachycephalosaurs like Stegoceras and Sphaerotholus sported up to a foot of bone on the tops of their skulls, which they presumably used to head-butt one another for dominance in the herd and the right to mate. Theres some speculation that pachycephalosaurs may also have butted the flanks of approaching predators with their thickened domes.