Edward Jenner, and Jane Jacobs Essay

This study gives an account of two authors’ works, Edward Jenner and Jane Jacobs who unusually employed scientific methods while researching and writing their novels. The study backs up on this proclamation by providing example and evidence from their text in reference to the books, â€Å"The Death and Life of Great American Cities† by Jane Jacobs and â€Å"Vaccination against small pox† by Edward Jenner. Although, both writers belong to completely different genre where one is a surgeon and the other an urban planner, both used logical explanation providing a method. In other words both are empiricists. Empiricism is a hypothesis of wisdom which states that knowledge crops up from experience. Edward Jenner’s work: Edward Jenner established a method which indicated that vaccination was an effective way of obstructing smallpox. For countless centuries, smallpox overwhelmed mankind. In current period we do not have to be concerned about it and all the credit goes to the incredible effort of Edward Jenner and afterward progress from his accomplishments. The famous scientist, in his three revolutionary expositions contains his proof in support of vaccination and illustrates individual cases. The once-feared curse of smallpox has been eliminated by blockade inoculation. Edward Jenner, in his works on Smallpox, very thoroughly documents all of his cases. In the background of medical science in the 18th century, this study was a major advancement as it takes up countless fittings of contemporary investigational science we take for-granted today: neutrality, hypothesis, and most significantly, reproducibility. Jenner creates a persuasive case that is beached upon information and direct surveillance in spite of the lack of severe controls and precise arithmetical examination. Edward became aware of the tradition that milkmaids who had cowpox could not acquire smallpox, a sickness which affects cattle. Jenner used a scientific method which included developing a hypothesis, formulating an experiment, performing the experiment, and taking comprehensive notes used to verify or invalidate the hypothesis. He describes many of his cases including that of Joseph Merret, Sarah Portlock and Mary Barge who all had smallpox as a result of different circumstances. Edward Jenner than made an observation as he writes â€Å"As I have observed, they who have had the smallpox, and are employed in milking cows which are infected with the cow-pox, either escape the disorder, or have sores on the hands without feeling any general indisposition† (Edward Jenner, pg 15). He then conducted experiments in order to prove this hypothesis. Jenner injected the cowpox virus into a hale and hearty boy named James Phipps who was eights years old. Afterward, he intentionally infused the smallpox virus into the boy. The boy did not surrender to smallpox, even after repetitive injections. Jenner conducted this experiment on a total of thirteen patients using cowpox as a vaccine and thus reached to the result, â€Å"After the many fruitless attempts to give the smallpox to those who had had the cow-pox, it did not appear†. (Edward Jenner, pg 29) Jane Jacobs work: The other example used here of work by research and methodology is of Jane Jacobs. The evidence of her work tactics as methodical is taken from her novel â€Å"The Death and Life of Great American Cities†. Jane Jacobs pioneering work is over three decades old which not only disrupted the conservative ideas on the construction of cities and assisted in reshaping city development, but she did this as an unskillful and as a woman, both historically frowned on in the world of academic psychiatry. With graceful and expressive writing style, Jane’s work guides us to consider every ingredient of parks, sidewalks, district, administration and economy, as a collaborative element encircling both, structure and going further to the implementation dynamics of our environment. Jane Jacobs acquired no proper education in architecture or urban development. She relied on personal interpretation of her environment in her town Greenwich in New York City to provide material for her accusations against the imposing gurus of the architectural occupation. Jacobs starts off by making an observation of brief history of where recent city development came from. â€Å"The Death and Life of Great American Cities† mainly contains observations made by common sense alongside statistical evidence, finances, sociology and values at the base of the author’s opinion. In her point of view, the muddle we identify as cities nowadays emerged from Utopian futurist from Europe and America in the beginning of 19th century. Jacobs claimed that modern system for of planning cities discards the city because it shows no regard to people residing in a society exemplified by layered complications and showing havoc. Now planners use reasoning based on presumptions to find ideology by which to plan cities. Of these strategies, the most ferocious was urban restitution; the most common was separation of uses (i. e. housing and business). She believes that these policies damages societies and inventive economies by forming remote, deviant urban areas. For Jacobs, the solution to this problem, leading to victorious city rests on one word: diversity. In the writers’ perception, this deficiency in diversification results in financial decline, slums, felony, and terrors that are all too known to listeners of the evening news. Cities that function in finest way, utilizes an extensive range of varied interests that draw people and not repel them. Unfortunately, administrator and social planners always believe that planning from the top is better always better than taking and initiative from the bottom. Jacobs concludes that all of these plans persist to apply pressure on the modern city, and that all of them are a failure. Jane Jacobs takes us on an instructive journey throughout the tribulations of modern urban foundation which is synthetically engineered to meet political and financial program. After reading this, we have a greater and clearer understanding of the inherent character of our cities as foundations should be. References Jenner, Edward. 1996. Vaccination against Smallpox. Published by Prometheus Books Hopkins, Donald. 2002. The Greatest Killer: Smallpox in History. Published by the University of Chicago Press Jacobs, Jane. 1961. The Death and Life of Great American Cities. Published by Vintage books Lynch, Kevin. 1960. The Image of the City. Published by The MIT Press Bazin, Herve. 2000. The Eradication of Smallpox: Edward Jenner and the First and Only Eradication of a Human Infectious Disease. Published by Academic Press

Philosophy of mechanism Essay

Mechanism is the philosophical argument that every natural phenomenon (activity) has physical causes that explain it. Consequently, material subjects with whom natural phenomena can be defined in should have their reference subjects to the state of motion, laws as well as the matter that makes its subjects. The developments of mechanism were to eliminate various materials states of unobservable from the actual state of science.   ( Miller 2002) Mechanists had the view that the nature of organisms was not far different from what composed the subtle machines like the machine that were composed of different arrangements of parts so that the internal system could adequate conduct its inbuilt program. Organisms were is possession of radically and substantially well organized and formulated system of regular conduction between their different parts. (Madell, 1998) Elsewhere, materialism is the believe that matter is the only substance /thing whose existence can be proved without any philosophical doubt. They believe that the basic composition of things is material substance, which implies that such material interactions cause various phenomenological pursuits. ( Miller 2002) Both the old (ancient) and the new (modern) sets of materialism have fundamentally close bargain of equality. Modern materialism is the believe that the matter can only be described after an adequate system of hypothesis which can adequately help to define the material substance for its proof ratification. ( Miller 2002) It is the belief that the finest description of material facts should be pursuit of physical process if not their physical redaction. On the other hand, the ancient (old) materialism was in the view of the physical characteristics of a substance to fully define its material hood. However, according to the ancient materialism, a hypothesis would not quantify in defining the scope of materiality unlike in the modern materialism were full hypothetical analysis should be used to describe the essence of materiality. However, the two proclaim the essence of fact that material of the matter is subject to undoubted presence in describing physical outlay of such substance. (Madell, 1998) REFERENCE Madell, G. (1998) Mind and Materialism. Edinburgh: Edinburgh University Press. Miller, E (2002) Questions that Matter: An Invitation to philosophy,McGraw – Hill

Friedrich Froebel’s Ideas On the Role of Play In the Early Years Education Essay

Play is probably the very first thing that comes to our minds when we start thinking about our childhood. Certainly it’s hard to talk about early years without referring to play, as it is a part of children’s natural behaviour, embedded in their spontaneous day-to-day life. The fact that the play is enjoyable is generally agreed, but the value of play in school, however, has been in the centre of much debate in the past (and it seems like that debate is still going on today). The roots of contemporary understanding of the role of play in early childhood education extend clearly to Friedrich Froebel, a German educator, who organized and systematized the methods of early childhood in accordance with the idea of â€Å"the spontaneous, self-sustaining nature of children† (E. Evans, 1971, p. 43). Froebel believed that every child had within him all he was to be at birth, and that the proper educational environment was to encourage the child to grow and develop in the most favourable manner. â€Å"Young children are to be regarded and tended essentially like plants. Like these, if they were given the right conditions, they would grow and unfold and flower, by their own law, each according to its individual capacity and destiny. † (E. Lawrence, 1969, p. 195) In his study of child-nature one of the most marked characteristics, which attracted Froebel’s attention, was the child’s inborn desire for activity, which reveals itself in play. According to Froebel, â€Å"play is the freest active manifestation of the child’s inner self which springs from the need of that inner living consciousness to realize itself outwardly. † (H. Bowen, 1907, p. 116) Froebel made a significant contribution to early childhood education by seeing play as a process in which children bring to realization their inner nature. He recognized that children began to learn as soon as they began to interact with the world, and he reasoned that since the interaction was mostly in the form of play, the way to educate a child was through play, â€Å"as a means of awakening and developing the active and presentative side of his nature; wherefore none, not even the simplest gifts from a child, should ever be suffered to be neglected. † (F. Froebel, 1901, p. 77) Froebel’s continuous studies of the function of play in a child’s life came to fruition in the concept of the Kindergarten ? a place where children â€Å"instruct and educate themselves† and where they develop and integrate all their abilities through play. Froebel believed that play provided the means for a child’s intellectual, social, emotional and physical development. Games were not just idle time wasting, but the most important steps in the child’s development, and they were to be watched by teachers as clues to how the child is developing. â€Å"It is through play that the child learns the use of his limbs, of all his bodily organs, and with this use gains health and strength. Through play he comes to know the external world, the physical qualities of the objects which surround him, their motions, action, and reaction upon each other, and the relation of these phenomena to himself, ? a knowledge that forms the basis of that which will be his permanent stock for life. † (H. Bowen, 1907, p. 101) However, Froebel didn’t think that the play of young children should be unprompted at all times. For him the skill of adults was in knowing how and when to intervene, how to support and extend children’s play to help them â€Å"to grasp and to try out their learning in concrete ways. † (T. Bruce, 1997, p. 23) To stimulate learning through well-directed play Froebel designed a series of instructional materials, which he called â€Å"gifts† and â€Å"occupations†.

Sales Journals Essay Example | Topics and Well Written Essays - 250 words - 1

Sales Journals - Essay Example an (176) explained, the candidate detailed that his job is specifically to look for new orders in state organizations, private sector organizations as well as individual consumers for the supply of HP products. The products include new computers and product servicing if his company gets contracted to supply computers to any client. Although I did not buy any product from John, he demonstrated that he is an outstanding salesman. He demonstrated substantial knowledge about his products and selling techniques, which are paramount in the art and profession of salesmanship. He even asked for my contacts for future follow ups and getting other referrals. To my surprise, after a period of four days as agreed on, I received a call from John confirming our meeting in a day’s time. This demonstrated how he takes follow-ups very seriously by preparing clients in advance prior to visiting them. John is a good listener; he never interrupted my speech as he carefully paid attention to every bit of what I was saying. In order to reach more clients, John explained that he utilizes sales activations and product exhibition shows that are held in different American cities. Such forums are important as salespeople can give presentations and product brochures in regard to their products. As mentioned by Amjed (1-2), he also displayed the characteristic of having good people skills noted in his friendliness, outstanding personality, good listening and the ability to communicate very effectively. He demonstrated good product knowledge as he explained without hesitation all the questions I asked I personally discovered that John is a critical thinker as his plans of action included psychological engagement of a client as well as his ability to initiate a personal feasibility study to have diversity of marketing approaches. Although this was not a company mandated survey, it was for his own benefit to achieve market segmentation in order to sufficiently capture

Ultimate Nature Food Project Proposal Assignment

Ultimate Nature Food Project Proposal - Assignment Example The company has diversified its services to include stocking and supply of health supplements. The idea behind the formation of the company was initiated by three entrepreneurs who are graduates from different Universities. During its startup, the company had only a handful of workers. The working force has since increased with the gradual growth of the business. The company was co-founded by Thomas Welbeck, Daniel Frasch, and Rebecca Roberts. Mr. Wellbeck is a Harvard graduate, holding a degree in economics. Frasch and Roberts are graduates of Yale University. They both hold master’s degree in management. The three are the directors of the Ultimate Nature Food. The company has added staff members that oversee the managerial operations on behalf of the directors. The members include James Rafaela, Lorna Randon, Collins Dale and Wayne Weldon. The members hold different degrees from different universities in the United Kingdom. The company operates under the guidance of the laws enacted by the UK government to control business activities (Baourakis 125). The business startup capital was raised through individual efforts and grants provided by the Prince’s Trust. Part of the initial capital raised by the founders was used in acquiring a building that housed the first offices of the business. The startup capital has been used in st ocking produce and conducting viable market research. The company was formed following a preliminary investigation that was conducted to determine a business venture that was considered a potential market opportunity in the city of Brixton. Though the business was established when other market players providing the same services as Ultimate Nature Food were in existence, the idea behind the formation of the company was based on the need to provide quality products at a satisfactory price.

Working Capital and Financial Environment Paper Essay

Working Capital and Financial Environment Paper - Essay Example The total amount is $10493m. They are collectable within a year. Current liabilities - is another balance sheet item. It is the sum of money owed by an organization that is due for payment within a period of one year. For GlaxoSmithKline, current liabilities for year 2005 as given in the financial statements include elements such as: - Trade and other payables - trade payables, wages and salaries, social securities, other payables, deferred income, customer return and rebate accruals, other accruals, dividends payable, derivative financial instruments - $1,0091.7m Financial regulators such as IFRS body are seen as international marks quality and transparency and thus boost the image of the reporting Entity (Michael W. Maher, William N. Lanen, Madhav V. Rajan. 2004). 4. Mitigation of risks. Effective control also ensures that risks are identified early and assessed properly inorder to come up with timely mitigation plans. This is because it is not possible to completely eliminate risks in such areas as research and development where it's not certain whether investment will bear significant returns.. 7. Control programs also ensure group's compliance with audit functions, as well as regulations and ethical codes of practice. This ensures the integrity of financial statements (Horngren, C., Sundem, G. and Elliott, J. (1991). (i) GSK has... Cash and cash equivalents Short term investments Accounts receivables Short term loans Inventories Pre-paid expenses and taxes Assets held for sale Total current assets = $41,896m (Pfizer financial reports 2005) Current liabilities - This is money owed by the company and repayable within one year. For Pfizer Inc. current liabilities include: - Short term borrowings ($11,589) Accounts payables ($2,226)m Dividends Payables ($1,772)m Income tax payable ($3,617)m Accrued compensations and related items ($1,720)m Other current liabilities ($7,522)m Liabilities held for sale ($2)m Total current liabilities are given as $28,448m = 28.45 billion dollars Working capital is therefore $41,896 - $28,448 = $13,448 = $13.45 billion b. Explain the functions of intermediaries and financial regulatory bodies with the company. Functions of intermediaries and financial regulators Financial regulators such as IFRS body are seen as international marks quality and transparency and thus boost the image of the reporting Entity (Michael W. Maher, William N. Lanen, Madhav V. Rajan. 2004). They provide a platform for comparison of similar companies in same Industry and therefore boost standardization. They also enhance financial reporting ensuring that companies understand risk controls and management and understand the impact of finance in business activities. They ensure compliance of set rules and regulations within the particular industry. C. Determine the importance of control programs and effective internal control techniques to the selected organization. Discuss the impact of the 2002 Sarbanes- Oxley Act. For GlaxoSmithKline good control programs are important due to the following reasons: - 1. They enable the board to present a balanced and

Comparison of three areas of law Essay Example | Topics and Well Written Essays - 2000 words

Comparison of three areas of law - Essay Example On the other hand, the UK legal systems are stricter and protect the plight of traders, employees and members of contracts. The EU laws provide a clearly approach to define relationships within contracts and encourage foreign investors by providing a friendlier tax system as compared to the situation in the US legal system. From this perspective, it is crucial for both legal structures to harmonise their regulations to provide a better legal framework for its public. In the UK, there exists a written contract of employment that puts obligations both on the employee and the employer. The contract of employment requires that both parties the conditions implies in the contract letter. The UK is one of the countries that offer protection to its employees. The employer is answerable to court if he or she breaks any term implied in the contract. For instance, an employer must issue a notice before terminating an employee.2 On the other hand, the US government provides no statutory protection to employees. Hence, the employer can fire the employee any time. Unless there is a personal offense, the court does not protect the employee From a close observation, there exists a wide range of similarities and differences within the UK and US Employment laws. The two legal systems are similar in the sense that they seek to end discrimination within the employment sector. Hence both laws have clauses that prohibit employment discrimination in terms of gender, origin, race or even color. This appears to be an effort to embrace diversity management within these nations. However, the UK and US employment laws differ in a great way. To begin with, the US Laws provide no contract stipulations for employment. Therefore, issues of termination, salary, holidays and allowances all depend on the agreement between the employee and employer. This is much different from the UK legal

Negligence Paper Essay Example | Topics and Well Written Essays - 1000 words

Negligence Paper - Essay Example The impending dilemma and major complication is that the wrong leg was amputated. The hospital identified to be the scenario of the event was likewise concurrently experiencing problems with the union and a shortage in staff, particularly nurses. In this regard, the aims of the essay are to address the following concerns: (1) to differentiate between negligence, gross negligence, and malpractice. Based on the information, decide if one agrees with the statement in given scenario; (2) to describe the importance of documentation (relating to the given simulation) and its correlation to potential negligence. Specifically, the following questions would be answered: (a) if you were the nurse in this situation, what ethical principles would guide your practice? And (b) how would you document the case to satisfy ethical and legal requirements? Differentiation between Negligence, Gross Negligence and Malpractice According to Delaune and Ladner (2006), negligence is â€Å"the failure of an i ndividual to provide care that a reasonable person would ordinarily use in a similar circumstance. In other words, action that is contrary to the conduct of a reasonable person and results in harm is considered to be negligent behavior. When a nurse commits a negligent act that results in injury, it is known as malpractice† (201). To differentiate the terms to gross negligence, Thorton (2006) averred that it â€Å"is a much more nebulous and complicated concept. Gross negligence is an act or omission ‘which (1) when viewed objectively from the standpoint of the actor at the time of its occurrence involves an extreme degree of risk, considering the probability and magnitude of the potential harm to others; and (2) of which the actor has actual, subjective awareness of the risk involved, but nevertheless proceeds with conscious indifference to the rights, safety, or welfare of others’† (cited from Tex. Civ. Prac. & Rem. Code, Section 41.001 (11), Vernon's 200 6 by Thorton, par. 6). More clearly, malpractice is defined by Stubenrauch (2007) as â€Å"improper or unethical conduct or unreasonable lack of skill by a holder of a professional or official position; often applied to physicians, dentists, lawyers, and public officers to denote negligent or unskillful performance of duties when professional skills are obligatory† (cited from The Joint Commission by Stubenrauch, 2007, par. 1). In the given scenario, the act of the responsible health care practitioner appears to be categorized as gross negligence because of the presence of the elements of omission resulting in extreme degree of risk and harm to the patient. Importance of Documentation According to Stimpfel (2007), â€Å"quality medical charting is important in providing high quality care and also because in the current health-care system, a number of patients who believe they have sustained physical or psychological harm as a result of their healthcare provider’s negl igence bring claims or lawsuits to recover damages† (1). The lack of proper documentation and accurate identification of the leg to be amputated in the patient chart resulted in gross negligence that contributed to bodily injury,

Contemporary issues in management Assignment Example | Topics and Well Written Essays - 3000 words

Contemporary issues in management - Assignment Example Presently, Samsung produces and exports electronics products around one fourth of the total export of South Korea. Samsung had decided to diversify in terms of product diversification as well as market diversification into the foreign market especially into the emerging markets across the world. The main reason behind this is to diversify the risk of single industry. It is noticeable that the company’s current revenue is larger than the many countries’ GDP. So, the parent company has diversified into different industry from electronics and semiconductor production to advertising agency. Business from this wide range of business areas Samsung has able to make a powerful influence on the economic development of South Korea. The companies like Samsung always believe in expansion. Although the Samsung group is recognised for the digital electronics and semiconductor product but it has diversified into wide variety of industry and formed many subsidiaries like Samsung heavy industries, the second largest shipbuilders in the world, Samsung engineering, Samsung life insurance, Samsung Everland a theme park in South Korea, Cheil Worldwide the 19th largest advertising agencies in the world. Internal diversification This blue chip company was founded as â€Å"Samsung Sanghoe† which was a small trading company of food products especially noodles and other grocery products. In terms of business diversification there are two different types of it like the product diversification and the market diversification. The company started the need and opportunity diversification after the war. After the war the economic condition of the country was very weak and many companies could not able to run their small companies. Samsung got the opportunity to buy some of those companies which had future prospect and growth. The company started diversifying into many areas insurance, securities and retail. At that time founder Lee discovered the opportunities in industri alization as there was a higher need of industrialization in the country after the war. He thought that by this step the company might also get major support from the Korean government. For this reason Lee started concentrating on industrialization and focused on economic development strategy with the support of large domestic conglomerates. The strategy behind this diversification to consumer electronics was to become world’s leading brand in consumer electronics programme. The company’s diversification into Samsung Electronics’ was one of the most important diversification strategies of the company. The group become much better in terms of brand recognition and this is the only subsidiary by which the company has become a worldwide popular digital electronics brand. External diversification According to Williams, Samsung set on a path of unrelated external diversification activities where it focused on creating and gaining of companies completely unrelated to each other. This diversification strategy was aimed by the concern through enhancing the portfolio of business and service or product offerings. Samsung is thus found to expand into diversified business areas like production of memory chips, hardware equipments and computer peripherals pertaining to information technology industries,

Valuing cultural diversityfeeling respected as a way of managing Essay

Valuing cultural diversityfeeling respected as a way of managing diversity is tapping diversitys true benefits and HRM role to support managing cultural dive - Essay Example ept of integration-and-learning perspective, cultural diversity in terms of the access-and-legitimacy perspective and discrimination-and-fairness perspective, and integration-and-learning perspective will be identified and analysed. There are many ways in which cultural diversity at work can be strengthened. One of the major factors that causes problem in managing diversity is the behaviours of people within the working environment. (Henderson 1994, p. 133) Therefore, making employees feel respected has been considered as one of the best ways in promoting cultural diversity within the working environment. In the process of examining the truth behind this statement, the student will conduct a literature review on how the application of integration-and-learning perspective could enhance organizational learning, growth, and renewal. Prior to conclusion, the role of HRM in support of cultural diversity (under the integration-and-learning perspective) in the workplace will be thoroughly discussed. Organizational culture is actually referring to a set of norms, beliefs, principles and behaviour that gives the organization a unique character. (Naylor 1997, p. 1; Brown, 1995) In the case of David (1999, p. 143), the author defines organizational culture as â€Å"a pattern of behaviour developed by an organization to cope with problems related to external adaptation and internal integration aside from enabling the employees to feel and think positively.† The word ‘diversity’ means as â€Å"to include a variety of racial or ethical backgrounds and characteristics of humankind.† (College of the Mainland 2008) Considering the definition of diversity, the study of cultural diversity is focused on acknowledging one or more socio-demograhic traits like gender, race, ethnicity, and age (Janssens & Zanoni 2005). In other words, cultural diversity at work – also known as multiculturalism is about integrating culture in terms of employees’ age, gender, mental or physical

Strategy Essay Example | Topics and Well Written Essays - 1000 words - 3

Strategy - Essay Example Porter argues that the ability to perform particular activities and to manage the linkages between these activities is a source of competitive advantage.   The above diagram shows an example of a corporate value chain analysis that can be applied to general manufacturing process of a Cadbury’s product. The analysis can help identify the company’s core competencies and weakness throughout the manufacturing process and whether competitive advantage is created or lost because of this. Internal Factor analysis summary (IFAS) External factors Analysis Summary (EFAS) Porter’s five forces applied to Cadbury plc Force Strong/Weak Threat to Cadbury Industry/ Competitor/Competitive rivalry Strong There are three main competitors within the confectionery industry, Cadbury , the market leader followed by Mars and Nestle, The competition between the three companies is very strong and each company aims to be the market leader Corporate strategy Chen et al (2009) states that â€Å" Corporate strategy is primarily about the choice of direction for a firm as a whole and the management of its business or product profile. Cadbury’s corporate directional strategy after their success in 2008 is growth. This is one of Cadbury’s main priorities for the future. Working alongside the company’s business strategy , Cadbury will work towards achieving horizontal growth. This is achieved by Cadbury expanding its products into other geographical locations and/or increasing the range of products and services it offers(Chen et al 2009) Cadbury hope to achieve horizontal growth by focusing on five key brands, Cadbury, Trident, Halls, Green and Black’s and The Natural Confectionary Company Cadbury are doing this as an action towards achieving their vision as it is believed that these brands have the strongest potential in new and existing markets on a global level A key factor towards Cadbury mentioned throughout the report, is lack of sales a nd revenue generated by Cadbury outside of western Europe. Therefore concentrating on specific brands that are thought to be the most successful on a global scale will help the company launch new products in other countries , hopefully

Investigating Electromagnets Essay Example for Free

Investigating Electromagnets Essay When a current passed through a wire it causes the wire to have a magnetic field. If the wire is coiled it behaves like a bar magnet. The stronger the magnet the further the field lines reach. If you place an iron core in the coil of wire the magnet becomes stronger. Hypothesis: I think that if I pass current through a coil of wire, the coil of wire will become a magnet. I think this because the electrons are flowing through the wire and this causes the wire to become magnetic. I predict that if you increase the voltage, the magnets strength will increase and the magnetic field will get bigger, this is because Ohms law = V=IR, so if you increase the voltage, the current will increase. If the coil of wire has a resistance of 1 ohm and you pass volts through the wire, the wire will have a current of 6 amps. The second method that I predict which would affect the strength, is to place the coil around the nail. Also, if you increase the number of coils around the nail, this will also increase the strength of the magnet. The magnet can affect the randomly arranged domains by arranging the domains in line. The stronger the magnet, the more domains will be affected and put in line making the iron a magnet. I also predict that if I double the current the magnetic field will double. i. e. The strength of the magnet will be directly proportional to the current. Method: Equipment: Power pack, compass, wire (for coil), nail (iron), ammeter, 2 crocodile clips, ruler, extended wires. Diagram:   Set up the equipment as shown above. Make sure the equipment is set up correctly and there is the right amount of coils on the piece of copper. Also make sure everything is working.   Place the compass about a metre away from the coils.   Turn the power supply on and increase the voltage until the ammeter reads 0. 1 Amps. Move the compass towards the coil of wire. Use your finger to do this. When the compass moves or makes a sudden turn stop applying force to it. Then measure the distance between the coil of wire and the compass. Record the result and repeat this 3 times. After you have repeated this 3 times you change the current to 0. 2 Amps.   You then do the same process for what you did for 0. 1 Amps, this makes the test fair. Results table: Size of the field (mm) Test number Current (Amperes, A) Conclusion: My results support part of hypothesis. In my hypothesis I said that if I increase the current the magnetic field will increase, this is shown on my results table. The second part where my results support my hypothesis is that when a current passes through a coil of wire, it will become a magnet and when the current is stopped the coil of wire will become non-magnetic. Some parts of my results dont support my hypothesis, as I predicted that if I double the current the magnetic field would double. From my graph I can see at 0. 1 amps the field is 35, so if I were to double this I would get 70 but for 0. 2 amps I got 67. 33, so from this you can see that if I double the current the magnetic field does not double. The current is directly proportional to the magnetic field because it is a straight line. Evaluation: My results are reliable because I used the same equipment throughout the experiment. I also repeated my method 3 times, so I could get a fair average. I also made sure I kept the same number of coils of wire throughout the experiment. I also did the experiment in one day, therefore the room temperature was the same. These are the reasons why my test was a fair test; therefore the results I got were reliable. There was a problem when I did the test. The problem is, when the current and resistance get too high, the circuit gets hot and then trips out. This can affect the results because when the circuit gets too hot, and the resistance gets higher, the current or p. d. that is passing through, will be less than what it should be, therefore the magnetic field will be smaller than what it should be, because of this the results will be different. To solve this problem we might have to use thicker wire. We could also use shorter wire, Doing these would make the results more accurate. Another way we could solve the problem could be to let it cool down after it trips out. Another problem when doing this experiment is that the compass could be affected by the other groups magnetic field, this is because everyone was working at the same time. A way to solve this problem could be, to do the experiment at different times, like one after the other. Or you could do it in different rooms.

History Of The Stewardship Theory Accounting Essay

History Of The Stewardship Theory Accounting Essay The stewardship theory holds a different approach from that of the agency theory, it first premise is that, the company serves a large range of social purposes rather than just trying to maximize the wealth of shareholders. The stewardship theory also called the stakeholders theory assumes that corporations are social entities that affect stakeholders welfare and stakeholders are individuals interacting with the firms directly, therefore, they can affect or affected by the achievement of the firms objectives(Donaldson and preston,1995, freeman,1984) According to Starik and Rands(1995), a companys success can be judge by its ability to add stakeholders value(starik and rands,1995,Dunphy et al,2003).stakeholders will only return to a firm for more when they always get what they wantFreeman,1984, freeman and Mc Vea,2001).Hence stakeholders are regarded as instrumental to corporate success and they tend to possess some moral and legal rights(Donaldson and Preston,1995, Ulrich,2008).Companies management have to take in to consideration the claims or concern of stakeholders in their decision making process(Blair, 1995), stakeholders participation in the companys decision making process enhance better efficiency (Turnbull,1994) and also reduces conflicts(Rothman and friedman, 2001). A company can use two approaches when considering or integration stakeholders in their decision making (kaptein and van Tulder,2003). These two approaches are reactive and proactive approach. Reactive approach on one hand is when the concern of stakeholders are not considered or integrated in making corporate decision. This usually leads to misalignment of the companys objectives and the demands of stakeholders (Mackenzie,2007).The scandals of world com was attributed to the fact that they never integrated the stakeholder concern in their decision making processes(Curral and Epstem,2003, Turnbull,2002, walkins,2003 and Zandstra,2002) .In respond to these scandals, some regulations were set up by governments with the aim of aligning stakeholders interest with corporate objectives. For instance, the Sarbanes-Oxley Act. On the other hand, the proactive approach is when companies integrate the concern of stakeholders in their corporate decision making process, thus establishes a good cor porate governance structure( de wit et al, 2006). 3.5 Summary of the theories. The knowledge of agency theory can be credited to Coase (1937) however the ideas of this theory was practical only to directors and boards since the 1980s.Following . agency theory, individuals are self-interested and not altruistic, therefore individuals can never be trusted to always act in others best interest. On the other hand,, individuals will always want to maximize their utilities functions, the agency theory considered managers and shareholders relationship as a contract ( Adams, 2002). This means that managers actions must be properly monitored to guarantee that they always act in shareholders best interest. The stewardship theory on its part opted that companys board of directors and their CEO, acting as stewards, are encouraged to act in the companys best interests and not trying to satisfy their selfish interests. This is partly because, previously senior executives regarded companies as an extension of themselves (Clarke, 2004; Wheelen Hunger, 2002).The stewardship theory therefore suggested that,like shareholders, top management of a company should care more on the future success of the company (Mallin, 2004). 3.6 The impact of Audit committee The AC is seen to have great impacts in attempt to ensure good corporate governance. These impacts can be seen on audit process and audit fees 3.6.1 The impact of AC on Audit process It has been acknowledge that AC has a pertinent role to play in verifying and protecting the integrity of the companys financial statement and the company internal control systems (Abbott et al, 2004; klein, 2003; Australian accounting research foundation et al, 2001).Included in this role, the AC has the responsibility of guaranteeing the independence and competence of external auditors(ASX, 2003;Australian accounting research foundation, 2001).According to Sabones-Oxley act, the AC has the responsibility to appoint auditors and they have to oversees the performance of the auditors regarding the firms external financial reporting(US congress, 2002) It was argued by smith report (2003) that AC have to review the engagement memo at the start of audit and the AC has to take in to consideration the audit scope and the suitability of the work that is planed.Furthermore, according to smith report,(2003) ,at the end of the audit work, the AC have to evaluate the the audit findings and management opinions regarding the auditors recommendations. As a recommendation, AC has to meet with external auditors at least on a yealy basis in the absence of the management to deliberate on issues arising fro the audit (smith report, 2003, Australian accounting and research foundation et al, 2001). Some research has been carried out to sample auditors view regarding the impact of AC on audit. Cohen et al,(2002) carried out a structured interview sampling the opinions of auditors. It was revealed that AC has a less significant role to play on audit process compared to senior management or the board. In this interview, the auditors specified that they only met with AC 2 to 3 times a year and in these meetings, the AC plays a passive role rather than acting proactive as the auditors tends to be reporting to the AC. However, deliberations with AC are reported to have significant impact on the audit risk assessment and audit setting(cohen et al, 2002). Another key area where AC has a pertinent role to play in audit process is to resolve conflicts between the management and the auditors(cohen et al,2002, Turley and Zaman, 2004).As revealed by beattie et al (2000), AC seems to diminish the confrontational strength of interaction between the auditors and management by increasing the level of discussion and reducing the need for negotiation(Beattie et al (2000).On the other hand, some studies like Dezoort et al,2003;Dezoort and salterio, 2001:and knapp,1987) observed influential factors on the AC decisions to support auditors in steads of the management. Such factors include, AC members expertise and experiences, the nature of the conflict, the auditors perseverance and clients financial situation. 3.6.2 The impact of AC on Audit fees A good number of studies have found out that there is a link between audit fees and the AC.( Goodwin-stewart and kent, 2006; sharma, 2003).This is seen on the AC role of guaranteeing that audit hours are not cut down to a level that will compromise audit quality(Cadbury committee, 1992,;jack, 1993).According to smith report(2003), in situations where the AC is not contented with the audit scope, more work or task has to be requested. Also, the AC have to be satisfied that the audit fee is appropriate and that efficient and effective auditing performance will be achieved for the fees charged. As a consequent, incase the AC fails to carry out their responsibilities properly, they will lose their status or reputation and will face litigation when there is audit failure(Abbott et al, 2003).Therefore, the AC have high incentives to request for good auditing quality. Chapter 4 4.1 Corporate Governance issues in Developing Countries (Cameroon) According to Wallace (1990), developing countries are defined as those countries found in mid-stream of development and are referred to anamorphous and heterogeneous group of countries found mostly in Africa ,Asia, Latin America ,Middle East and Oceanea. There exist difference between developed and developing countries in terms of culture, politics and market economics (Waweru and Uliana,2005).Due to lack in skilled human resources, developing countries therefore find it difficult to attract personnels verse with accounting and financial skills in their committees. The cultural variation between highly individualistic countries ( like North America) and highly collectivistic countries (like Africa) necessitate different corporate governance arrangements. Rabelo and Vasconcelos (2002) pointed out factors like economic trends towards globalization, under developed capital market as well as government intervention has made the model of corporate governance to differ from those in Europe an countries and North America. Mensah (2002) argued that countries in Africa are not well equipped in implementing the kind of corporate governance found in the western world because of the economic and political regimes characterizing these countries(example weak fraudulent legal and judicial regimes ,state ownership of companies as well limited capacity in skilled human resources.). Corporate governance structures in less develop countries are determined by the zeal to maintain control by the majority shareholders over firms ,the dependent on debt finance, weak financial markets and ineffective legal system (Rabelo and Vasconcelos,2002).Developing countries are always confronted with problems like less developed and illiquid capital markets, economic uncertainties ,investors protection as well as weak legal and judicial control system (Tsamenyi et al,2007). According to Goddard and Masters(2000),audit committees has become more relevant and prevalent latterly but however there is paucity in the empirical research about their value. Kalbers and fogarty(1993) further indicated that the issue of whether audit committees are really discharging their relevance responsibility remain insufficiently understood, suggesting therefore the need to examine the ways audit committees are operating in developing countries like Cameroon In Cameroon, most companies are owned by institutions and such institutions are owned by the state(government), therefore most board members are serving the position as management of shareholders not because of their qualification neither their experiences(Mensah,2002).Audit committees operations in developing countries are different compared with the practices in developed countries .In 2001,the Cameroon capital market authority gave guidelines regarding corporate governance activities for listed companies.one of this guideline was that which called all boards to form audit committees comprising at least three independent non-executive directors. Figure 2, corporate governance(CG) fram work in Cameroon 4.2 The legal and Regulatory Framework of corporate governance for listed companies in Cameroon Cameroon operates under two systems of laws namely ;the common law and the civil law. The bilingual nature of Cameroon is inherited from Britain and France when the county came under the administration of these two great powers. Therefore Cameroon has a bijural system with the English Common Law effective in the two Anglophone provinces of North West and South West and the French Civil Law effective in the eight francophone provinces namely ; Adamaoua, Centre, East, Far North, Littoral, North, West and South. The surveillance of the principles of good corporate governance in Cameroon listed companies have been protected by the mixture of voluntary and mandatory mechanisms .The DSX code of best practices for listed companies in Cameroon is voluntary and is aim at enhancing good business practices and standard for all listed companies in Cameroon. On the other hand, mandatory corporate governance requirements linked to companies are enclosed in the Companies and Allied Matters Act 2001).(CAMA). The following bodies are loaded with the responsibilities of guaranteeing effective management, accountability and control of companies in Cameroon.it is important to deliberate on the respective roles and responsibilities of these institutions . 4.2.1 The Douala Stock Exchange(DSX) The DSX is the top regulatory organ of stock market in Cameroon. DSX was formed , and organized in agreement with the provisions of degree No.99/015 of the 22nd December, 1999.but it went effective from 2001. The DSX is both a standard bearer of the national economic and the financial community .It is a public limited company with board of directors. DSX has a total capital of 1.8 billions CFA of which 7% is owned by private commercial banks , credit foncier of Cameroon and the Dutch bank FMO, 23% by public interest and 13.3% by private insurance companies. In Cameroon, the number of companies listed in the Stock market is very insignificant. There are only three companies listed in the DSX namely the mineral water company(SEMC), the African society of Agriculture and forest Cameroon(SAFACAM) and the Cameroon Society of palms(SOCAPALM),DSX got as it main objective the promotion of active stock market by creating a conductive investment environment to encourage foreign investors to in vest in Cameroon. To ensure appropriate standards of conduct and expertise in security business, one of the main functions of DSX is to ensure total protection of securities, the registering of all security merchants, investment consultants and physical market like the stock exchange trading floors or branches. In custody of its mandate of spreading good corporate governance, the DSX presented the code of best practices for companies listed in Cameroon. The aim of this code was to make sure that managers and companies shareholders perform their obligations within the context of accountability and transparency. This code of best practices focuses more on the board of directors, the audit committee and the shareholders. 4.2.2 The Board Of Directors ( BODs) The code of best practices focuses more on the board responsibilities and their functions. The board have the obligation of directing the activities of the company in a legal and efficient manner as well as ensuring that the company progresses in its value creation process. According to the code, the main functions of the board are strategic preparation, selection, performance assessment and compensation of senior executives. communiquà © with shareholders, guaranteeing the truthfulness of financial control and report and also guarantee that ethical business standards are upheld and that the company is in compliance with Cameroon laws .The code endorses the board size of almost 15 members and a least 5 members made up of both executive and non-executives directors. 4.2.3 The Audit Committee (AC) The DSX code of best practices identify the importance of audit committee due to its strategic position in guaranteeing good corporate governance standards in companies. The recommendations of audit committee are an addition to the provisions of CAMA. The main duties of audit committee can be summaries as listed below; To determine if the company accounting and reporting policies are in compliance with the legal requirements and in accordance with ethical business practices Reviewing the scope and the preparation of audit requirements -Ensure the effectiveness of the companys accounting system and internal control -Make approval to the board concerning the appointment, dismissal and compensation of the companys external auditors -Approve the internal auditors to conduct investigations on activities which are of prime interest to the committee -the appraisal of the integrity of the firms financial statements; -To counsel the board on the trustworthiness of financial and maybe other informations that has to be published in the name of the board; -To supervise the financial reporting and disclosure procedures -The deliberation on the nature and scope of the audit with the external auditors -To evaluate the management memo from the external auditor; -To ensure the effectiveness of the internal control operations of the firm To evaluate any substantial findings of internal investigations 4.2.4. The Shareholders The DSX code of best practices for corporate governance in Cameroon made a series of recommendations to ease shareholders contribution at the general meeting. In respect of this, the place for the general meeting has to be such that it is conceivable and affordable in both cost and distance, to permit a mainstream of shareholders to be present in the meeting and to vote, thus avoiding the violation of shareholders right. The code also necessitates that sufficient notice of such meetings should be made available to shareholders and these meeting notices should reach the shareholders a least 21 working days before the meeting day. The notice must contain informations on the annual reports , financial statements and other relevant information to allow them to vote appropriately on these issues. The general meeting is like a venue for the companys board to communicate and boosts shareholders contribution in the companys governance 4.2.5 The Government The role of Cameroon government is not left out in ensuring good corporate governance practices. The government offers the legal frameworks for firms incorporation, outline the limits of business activities, the government ensures that the companys operations are in compliance with formed standards and that stakeholders obligations are met. The basic principles which are entrenched in the stature regarding the management and control of business corporations in Cameroon include; -The acknowledgment of company as a legal entity different from its owners. -Infinite life of a company due to shares transferability -The designated board supervises the running of the company and is answerable to the all members on their stewardship. -The directors has the obligations of keeping good records of the financial issues of the company and make proper returns. There are three main legal form for doing business in Cameroon that is, an individual functioning as a sole owner without formality, a partnership of a least two persons and the creation of a limited liability company recorded under CAMA. The CAMA gives a lot of tasks to the board members to direct the companys activities effectively to guarantee business accountability, transparency and responsible to firms owners and stakeholders. 4.3 The Actors of Corporate governance; Managers and shareholders In Cameroon, there is a cumulative rise of the question of what companies owners will become as they are simply the viewers on the management of their money by managers. To answers this question, we have to look at Managers behaviors, however Managers behaviors varies depending on shareholders influential abilities. Managers behaviors defined the importance of Corporate governance in companies due to the critical position they occupy in the value creation process (Caby and Hirigoyen,2001) and also due to the detachment of ownership and decision making functions. Managers as shareholders agent have as their key objective to manage the business at shareholders best interest(Ross,1973 and Jensen and meckling,1976) but however both the manager and firms owners has varied utility functions and each tries to maximize its utility function(Ross,1973).Agency conflicts or problems can then result from managers opportunistic behaviors .For instances, managers are much motivated in seeking compa nys growth because their salary depends on it .(Baker ,Jensen and Murphy,19958),Also there is the issue of diversification that managers are always interested on .Managers can have the will to diversify risk but it will contradict shareholders interest (Aminud, and Lev,1981).Managers occupy a pivotal position in a company as they represent shareholders and act as the employees superior authority their arbitrations are difficult(Arcinles,1995).Corporate governance role is then to aligned managers attitudes near shareholders and stakeholder wealth maximization criteria. However , the extend to which corporate governance is importance is determined by the power exerted by shareholders and board of directors operations. shareholders having greater shares; This role of firms owner with larger shares is been justified by schileifer and Vishny,(1986)as a guarantee of managers discipline when there is capital dispersion, to supervise managers activities is then difficult and very costly to a shareholder taking it individually. Therefore to obtain optimal monitoring which is profitable to all shareholders, only shareholders with greater shares are allowed to incurred monitoring expenses .It is in this light that Jensen (1993) mentioned the nation of Active shareholders -Financial monitoring plays a role in situations where a company like joint stock company is been controlled by a group of persons whom because of their share capital contribution or as a result of foreign ownership representative can significantly influence the companys management. -The importance of family monitoring.(Allouche and Amann,2000) regard family shareholding as source of active shareholding .For instance, in Cameroon ,family shareholding have unequal economic roles and they tend to represent the main proportion of the country economic fabric .Factors such as confidence and family ties can explain their outstanding performance (Bourdieu,2002) Chapter 5; Research Methodology 5.1 Introduction Research method deals with the style in which datas are collected, analyze and interpreted to achieve the study objectives. This chapter will treat the design and method used to address the study questions as it was mentioned in chapter 1.This research made used of questionnaires survey and interview survey . 5.2 The questionnaire survey Questionnaires is the widely used method in social science fields ((Easterby-Smith et al, 2001; 2008). This is a method in which all participants are asked almost the same questions in the same situation (Easterby-Smith et al., 2001; Li et al., 2000;Merriam, 1988; Payne, 1980). In this study, a questionnaire was developed from a review of related conceptual, theoretical and pre-tested with a sample of auditing practioners. The questionnaires which is made up of 58 questions in total (see appendix 2) directly addresses the study objectives. This questionnaires centers on the audit committees operations, composition, financial skill, independence, self-evaluation, relationships, major achievements and outstanding challenges facing audit committee .A majority of these questions are Yes or NO question type and in the others, the respondents were expected to rate the committee achievements with a score of 4(to a greater extend ) to a score of 1(not at all). The researcher circulated the questionnaires to all targeted respondents which included ; audit committee chairpersons, company secretaries and the finance heads of the 3 listed companies in DSX with audit committee in place. This gave a total of 9 questionnaires ( 3 audit committee chairpersons, 3 company Secretaries and 3 finance heads) which was sent to these three sample groups. In regard to external auditors, this research included only auditing firms that carry out the statutory audit of companies listed in the DSX in the most recent 2 years. It is well noted that the DSX have enforce certain qualification for audit firms that can carry out statutory audit of the listed companies. One major qualification is that, the audit Firm has to be a partnership or joint venture entity, nonetheless a majority of the audit firms in Cameroon are owned by sole proprietors .In Cameroon, there are over 30 registered audit firms but only 6 audit firms are qualified to carry out the external aud iting for listed companies in DSX in the last 2 years .this survey involved all the 16 partners of the 6 qualified firms, therefore making a general total sample of 25 that received the questionnaires. Table 1. The sample Questionnaire survey analysis Group sample Sample size percentage AC chairpersons 3 12% Finance heads 3 12% Company secretaries 3 12% External auditors 16 64% Grand total 25 100% 5.3 Administration of the questionnaire survey The researcher mailed the questionnaires to the participants on the 12th December 2012 . The Mail package comprised a set of questionnaires, a motivating letter , a free post envelope and the researcher return address. The motivating letter is supportive in gaining higher response rate, this is because the motivating letter clarifies the participants on the purpose and importance of the study. In this motivating letter (see appendix 1), the researcher highlights the nature and importance of the survey, inviting to complete the questionnaire, guaranteeing the confidentiality of the participants responses. To enhance higher response rate by the respondents, the researcher exerted maximum efforts to monitor the survey through e-mails and telephone calls. 5.4 Response of the questionnaire survey The researcher mailed a total of 25questionaires out of which he received the response of 23 participants. 6 participants were considered disable in the survey. The details of this is given in the table below. Table 2, response analysis Description Mail sent Received Response rate unable AC chairpersons 3 3 100% 0 Finance heads 3 3 100% 0 Company secretaries 3 3 100% 0 External auditors 16 10 62.5% 6 Total 25 19 76% 6 The table shows that an overall response rate of 76% was conceived (19 out of 25).All the AC chairpersons, the finance heads and the company secretaries of the 3 listed companies in DSX (SEMC,SOCAPALM, and SAFACAM) responded to the questionnaires each having a response rate of 100%.However, the External auditor had a response rate of 62.5%( 10 out of 16).6 of the external auditors never responded to the questionnaires due to geographical dispersal and busy work schedules . SPSS was used in analyzing the datas , the researcher made use of frequencies to assemble raw data to facilitate interpretation, the average was used to rank the scares. However, the researcher did not conduct any statistical analysis since with 19 useable respondents, the subgrouping will be very minute for a significant statistics. Nonetheless, with the fact that 5 of the respondents declared their willingness to further participate in this study and the high questionnaire response rate of 76%; the research findings are still going to be meaningful. 5.5 Interview Survey The primary aim for the researcher to carry out an interview survey in this research is to permit participants to develop further their opinions because the closed questions of the questionnaire sealed participants into arbitrarily limited alternatives (Foddy, 1999). The researcher made used of semi structured interview method in conducting the interview. This method eases the researcher control over the time, content and the arrangement of the interview. Furthermore, this method permitted the interviewer to pose penetrating questions that gave a deeper understanding of the research issue. Consequently, semi-structured interview was carried out to confirm the outcomes of the questionnaire survey and to get a deeper understanding of the findings. 5.6 Administration of Interview survey The 5 respondents from the questionnaire survey who indicated their willingness for further participation in this study were the participants for the interview. This group of interviewees were made up of 2 AC chairpersons , 2 external auditors and 1 finance head. The researcher contacted the interviewees firstly through telephone to book for appointment. The interviewees were later e-mailed the interview agenda(see appendix 3) to enable them know beforehand what will be deliberated and also to confirm the appointments(date and time) The Interviews were conducted on working days through telephone, at the start of each interview, the researcher presented himself, explained the purpose for the study and guaranteed the interviewee the confidentiality of their responses. Each interview lasted for at most 30 minutes. 2 of the participants were interviewed on the same day and the rest of the 3 participants were interviewed on 3 separate days ( all on working days and in the same week).The discussion questions were centered on the participants backgrounds, the attributes of AC (composition, size, qualification, experience),the roles of AC to ensure good corporate governance ,some of the achievements and limitations. The interview ended with words of appreciations from the researcher. All the 5 respondents who opted for the interview made them self-available and their responses supplemented the questionnaire response to give a deeper understanding of the research issue. The high response rate of the questionnaire survey and the interview will make the research findings and discussion very meaningful. Chapter 6; Finding and Discussions 6.1 Introduction This chapter is to discuss the findings of the surveys. The researcher is going to present the findings in 3 main subjects of the survey namely; audit committee operations, relationships and major achievements/challenges. However, it is very necessary to talk about the background of the respondents that participated in this survey. The details are given in the table below. Table 3. Educational qualification of respondents Degree AC chairperson Finance heads secretaries External auditors Total N ° rate N ° rate N ° rate N ° rate N ° rate Bachelor 0 0 1 33.3% 2 66.7% 0 0 3 16% masters 1 33.3% 1 33.3% 1 33.3% 3 30% 6 32% Doctorate 2 66.7% 1 33.4% 0 0 7 70% 10 52% Other 0 0 0 0 0 0 0 0 0 0 Total 3 100% 3 100% 3 100% 10 100% 19 100% The above table reveals that, out of a sample of 3 for AC chairpersons, 2 chairperson have obtained a doctorate degree as their highest educational qualification(66.7%) and 1 with masters degree(33.3%).In the sample of finance heads,1 had a bachelor degree,1 masters degree and 1 a doctorate degree giving a 33.31% to each degree. In the part of the company secretaries,2 obtained a bachelor degree(66.7%) and 1 a masters degree(33.3%).Lastly for external auditors, out of 10 who responded to the survey(6 where considered unable),3 holds a masters degree(30%) and 7 a doctorate degree(70%).In total, out of 19 respondents who participated in the survey, 3 are holders of bachelor degree(16%),6 holds masters degree(32%) and 10 doctorate degree holders(52%).All the 4 groups of respondent have qualifications and experience in fields related to accounting, finance, economics, marketing and management 6.2 The Operations of AC It has been revealed that all the respondents have established audit committee charters, though only 60% of the charters are updated yearly whereas the 40% specified that their charters are been updated as needs arises. This complies with the literature which says that firms should established a tailor made charter, however this is contradictory with the commendation of yearly updates of charters (Hoi et al ,2007: Rezaee et al, 2003).we can base this on the limited human resource capacities in less developed countries (Mensah, 2002). AC has as their main duty to oversee the companys financial reporting scheme. The AC must have th

My Lai Massacre :: essays papers

My Lai On March 16, 1968, "Charlie Company" was sent into a small Viet Cong village called (by the U.S.) My Lai 4. Their instructions by commanding officers were: "... kill every man, woman, child and animal in the village. Burn all the homes .... nothing should be walking, growing or crawling." Orders were followed, and as I read the first 65 pages of this book, I was exposed to the detailed death of 306 civilians, mostly women, small children, and old people. There was no threat to any American GIs ... there were no Viet Cong Solders in the area. I read of the rape of a 14 year old girl by twenty GIs ... in front of the parents. They were all shot after the GIs were "done with their business." This was only one of many. Most of the murders were conducted, BY ORDER OF OFFICERS, to round-up the families from their homes, forced into ditches, and shot. Women dove to cover their children. Later, children just old enough to walk crawled out from under their mutilated mothers' bodies, only to be shot as target practice by the GIs. It is later estimated that approximately 500 civilians were murdered, and (probably) no VC were in the area. I could go into detail about the killing. However, most of the book was devoted to the time before the massacre, and afterward. The officers and GIs of "Charlie Company" were introduced in the beginning of the book: the officers had been social outcasts all their life (LT. Calley & Medina). Both had decided to devote their life to the military. The GIs were selected for "Charlie Company" specifically because they had all scored too low on the initial exam to be put into a regular battalions. After the massacre, nothing was done. As a matter of fact, "Charlie Company" was praised for having the "most kills" in one day. By late 1969, most of the GIs in Charlie Company were civilians again, and a few began to tell what they had seen (and participated in). A Government Investigation was called against Lt. Calley (who ordered, and participated in the murders). Some of the photographs from the massacre were published. You wouldn't believe what the civilian response was! The overwhelming public response was to drop the charges; they thought that there was nothing wrong with the massacre, OR they didn't believe it really happened. As a matter of fact, Lt. Calley had become a hero as an AMERICAN! There was a hugely-supported

Sympathy in Beowulf Essay -- Epic Poems, Grendel, Anglo-Saxon

While the classic battle between good and evil forces is a major theme of the medieval epic Beowulf, one may question whether these good and evil forces are as black and white as they appear. Scholars such as Herbert G. Wright claim that â€Å"the dragon, like the giant Grendel, is an enemy of mankind, and the audience of Beowulf can have entertained no sympathy for either the one or the other† (Wright, 4). However, other scholars such as Andy Orchard disagree with this claim, and believe that there is â€Å"something deeply human about the ‘monsters’† (Orchard, 29). While Grendel, Grendel’s mother, and the dragon are indeed portrayed as evil and violent foes, there are parts within Beowulf that can also lead a reader to believe that the â€Å"monsters† may not be so monstrous after all. In fact, the author of Beowulf represents the â€Å"monsters† within the poem with a degree of moral ambivalence. This ambivalence ultimately evokes tr aces of sympathy in the reader for the plight of these â€Å"monster† figures, and blurs the fine line between good and evil within the poem. The first opponent Beowulf must face in the land of the Danes is Grendel, textually described as â€Å"a fiend out of hell †¦ [a] grim demon / haunting the marches, / marauding round the heath / and the desolate fens† (Beowulf, line 100 – 104). The author also provides us with a moral description, explaining how Grendel is â€Å"merciless †¦ malignant by nature, he never showed remorse† (line 135-137). As we can see here, the author’s physical and moral portrayal of Grendel is rather unforgiving. We also resent Grendel further once we learn that he has wreaked havoc upon the Heorot hall for twelve years, â€Å"inflicting constant cruelties on the people / atrocious hurt† (line 165). One may wonder ... ...ts treasure, almost an obsession,† then can one really blame am animal acting through instinct and purpose? While destructive, it was indeed the greed and ignorance of man that brought the wrath of the dragon upon Geatland. â€Å"The intruder who broached the dragon’s treasure / and moved him to wrath had never meant to† (line 2215). â€Å"each antagonist struck terror in the other† (line 2565). While the monsters of the poem are the antagonists of the poem, the author still manages to make the reader feel traces of sympathy for them. Grendel’s human depiction, exile and misery tugs at the heart of readers and indeed shows a genuine side to the figure, while Grendel’s mother and the dragon are sympathetic mainly because they were provoked into being attacked over things they both had a deep affection for. Their actions make us question whether they are as evil as they seem.

Florida International University Essay -- Environment, Waste, Green Pr

Florida International University (FIU) is not only a standard in quality education as it is also a innovator in best practices especially those that have to do with the environment. The University’s commitment to ensuring that its community contributes to the preservation and protection of the environment has led it to pioneer innovations in solid waste management, in particular, in recycling; because the University clearly understands that recycling is more beneficial compared to waste disposal, it has established its own reputation in the proper and efficient management of solid waste. Florida International University recognizes its contribution to the accumulation of waste considering that it produces about seven million pounds of waste each year (Figueroa, 2010). Unlike other universities that still remain adamant in investing on green practices, FIU has, â€Å"governed by the State of Florida under Florida Statute 403.714 and The Florida Solid Waste Management Act of 1988† (FIU, 2011), established its own internal ‘green machine’ or solid waste and environmental protection system via the FIU Custodial Services Office. The university’s efforts in ensuring efficient solid waste management even â€Å"far exceeds the minimum standards† (FIU, 2011) required by law. What makes the solid waste management efforts of the university one-of-a kind is the establishment of a â€Å"single stream recycling program which means that all recyclable items can be placed into one bin and do not have to be sorted† (FIU, 2011). Nevertheles s, despite the use of single recycle bins, proper labeling has to accompany each bin to ensure that only materials that are recyclable are placed in the bins. There are also different sized of bins which are placed stra... ...g, however, costs only $35 per ton. The school also makes $10 for every ton of paper it recycles† (Figueroa, 2009). This means that apart from saving the environment, the university also earns and is able to cut down on expenses for certain things because of the use of recycled materials. Of course, the most important aspect of recycling in the university is awareness and with students who are currently seriously considering the way they manage their solid waste, the campaign and program becomes even more successful. To do this, the university has also joined the national FIU Recyclemania for two years now and had placed exceptionally well (FIU, 2011). It is very important in any environmental effort that the stakeholders are made aware of the benefits of the efforts so that the program earns propriety and becomes a culture instead of just an obligation.

Organisational Strategy at Flybe Essay

Introduction For the purposes of this report I have chosen Flybe as my main focus of discussion in the UK and European airline industry. Flybe is Europe’s largest regional airline with 162 routes, operating from a total of 53 departure points. In this report I will analyse why it has made sense for Flybe to build on their strengths of being a regional operator and how they have managed to find a niche in the crowded airline marketplace. I will also discuss their strategy for future growth and how they have chosen their battleground carefully. I will discuss in detail how Flybe is attempting to fulfil its mission statements of â€Å"Low Cost, But not at any cost† and â€Å"To give you safe, efficient and friendly service†(Flybe, 2008). Eye For Travel (2008) reports that Flybe’s financial reports for the year-ending 31 March 2008 show 46% increase in turnover to  £535.9m. There was also a profit before tax of  £53.4m. Flybe’s competitors such as EasyJet, Ryaniar and BMI Baby have not had such positive figures in these tough economic conditions. I have included in this report the capability analysis of Flybe, the stakeholders analysis and how Flybe can utilise its resources to gain competitive advantage. Relevant appendices and a bibliography are included at the end of the report. STRATEGIC CAPABILITY ANALYSIS FOR FLYBE Effectiveness of strategies used 2002-2008 The period 2002-2008 was significant for Flybe. It coincided with a major shift in strategy in response to market conditions. Flybe adopted the LCC business strategy in 2002 (Done, 2003). The author’s aim is to identify the strategies using the Bowman’s Strategy Clock (1995). Evaluation of strategies will be done using the TOWS matrix (see Appendix 1 for Flybe’s strengths and weaknesses). Low Cost No Frills Strategy The adoption of the LCC business model by Flybe as a strategy can arguably be described as the positioning approach. This strategy could not have been planned but was rather an emergent one following the downturn in profits  exacerbated by September the 11th event. A closer analysis of the Bowman’s Strategy Clock reveals that Flybe’s initial strategy was that of low price. According to Done (2003), Flybe’s restructuring process was geared towards competing with the established no-frills airlines. Competition with Ryanair and Easyjet was therefore inevitable, but was this strategy sustainable? How effective was this strategy? According to Grant (2005), to compete effectively with a low cost strategy a company should be having economies of scale, experience curve and a lead on the market. Datamonitor (2007), notes that Flybe has had a lot of experience in the aviation business. It enjoyed economies of scale in its operations. It had a lot of experience in the airline industry. What it did not have was the large market share when it decided to adopt the LCC model of operation. Upon further analysis one can safely argue that this was a major risk that Flybe took by entering into this short haul business. A TOWS matrix analysis of Flybe (Appendix 1) suggests that Flybe adopted an effective strategy because it had strengths like economies of scale, dedicated staff, capital and resources to explore the expanding low cost business. Flybe only needed to offer a competitive product similar to its competitors. As a potential entrant into the business, there was no deterrence from the established airlines to stop Fl ybe from entering the market. On that basis, Flybe can be said to have used an effective strategy. It is also important to look at the strategies that sustained Flybe once it entered the market. Flybe’s Business Strategies Rapid expansion Restructuring of Flybe was associated with the rapid expansion programme. Flybe chairman, Jim French, announced the completion of its five year plan of rapid expansion programme (Annual report of 2007). There was an increase in the number of aircraft, network and profits for the corporation for the period 2002-2007. Rapid expansion was mainly achieved by the acquisition of BA Connect, a subsidiary of British Airways. The acquisition made Flybe one of the largest European LCC (Done, 2007, Annual Report, 2007). This fitted  well with his strategy of competition with its established airlines. However, acquisitions carry their own risks such as human relations problems (that can arise after the acquisition), not easy to dispose of unwanted parts of the company, problems of clash of national cultures particularly where target if foreign and high risks if a wrong company is targeted (Lynch, 2003). Re-branding Flybe has been reframed into a recognisable product on the market. The Flybe brand has continued to grow with passenger volumes up from 4.7million to 7million in 2006 and 2007 respectively (Done, 2007). The forecast for year 2008 was predicted to an annual turnover in excess of  £500 million and passenger volumes of 10 million (Done, 2007). It is debatable that Flybe’s initial plan was to establish itself on the market as phase one of the programme. Against a background of heavy losses, Jim French took a risk that paid off by sustaining Flybe into existence considering the intensity of competition on the market against established brands like Ryanair and Easyjet. Sustaining Flybe on the market would have been the second phase. Flybe adopted a strictly no-frills strategy between 2002 and 2006. However, a shift in strategy has been noted from 2006 onwards. This strategy is that of differentiation. The Differentiation Strategy Examining Bowman’s Strategic Clock (Appendix 2), Flybe has now shifted its strategy to differentiation without a price premium. Its major competitors have continued with the no-frills approach, while Flybe has commenced on product differentiation. Datamonitor (2007) noted that product differentiation for Flybe is in frequent flier programmes, on board deli, business express travel and corporate users. As highlighted in the 2007 Annual Report Flybe became the first LCC to charge baggage handling. However, its competitors have copied this and are doing the same. The advantages of differentiation as highlighted in research and literature include creating value for the customer, gaining a market share and enticing customer loyalty to the offered product (Grant, 2005). Judging by Flybe’s  results in terms of profitability and growth in passenger figures it appears as if differentiation strategy is working. On the other hand, it should be noted that Debonair came unstuck wh en it employed this strategy. Parnell (2006) has reiterated Porters argument that a company needs to have either a Low Cost Strategy or Differentiation Strategy combined with a focus strategy. If this does not happen then businesses risk their potential to maximise on performance. Flybe at present appears to be pursuing both strategies of Low Cost and Differentiation. Other authorities have argued for the co-joined approach suggesting the importance of customer perception in terms of price and value (Bowman and Faulkner, 1997). The author argues that Flybe might be leading ahead of its competitors. When Michael Oleary, Chief Executive Officer of Ryanair, was asked about what his next challenge was he suggested differentiation strategy (Done, 2007). Whilst Flybe has got competitive advantage at present in respect of differentiation, other competitors have already started thinking about it because it is easy to copy. Jim French can be said to have used an effective strategy again. As shown in Appendix 1(TOWS matrix for Flybe in 2008), Flybe has used its strengths of fleet efficiency and competitive routes to take advantage of the growing and expanding LCC market. It has also used product differentiation and customer loyalty to exploit a large share on the growing market. By purchasing environmentally friendly aircraft, Flybe has managed to counter threat of global warming concerns. Product differentiation has been used to insulate Flybe from the competitive environment where Ryanair and Easyjet have a large stake. STAKEHOLDER ANALYSIS FOR FLYBE Stakeholder pressures Stakeholder pressures played a significant role in terms of strategies that have been chosen by Flybe. The main stakeholders include shareholders, employees, customers, governments, suppliers, environmental pressure groups, unions, foreign governments, media, airports, local governments, directors, financial institutions and competitors. . The stakeholder pressure shall be examined using a power-interest matrix (Appendix 3). As power and interest moves towards high power and high interest segment, it is indicative of an increased level of stakeholder pressure. Appendix 3 represents three periods when Flybe decided to change its business model in 2002, a period of stability between 2002 and 2006 and finally when it started showing interest in the acquisition of BA Connect in 2006. Meeting the expectations and demands of all stakeholders has been described as almost impossible within literature (George, 2003). Pre-2002 period Flybe’s management was under considerable pressure from its main economic stakeholders. The company had gone for nearly three years without making any profits and with limited growth (Done, 2003). Pressure was mounting mainly from its shareholders for results in terms of profits. Tudway and Pascal (2006) pointed out that a shareholder’s perspective regarding responsibilities of directors as that of increasing shareholder value. Appendix 3 shows that there was a lot of pressure from financial institutions, creditors and share holding employees in the high interest- high power segment. Media had also started showing interest in what was happening at Flybe. Flybe’s competitors and suppliers were eager to find out what was happening in Flybe hence indicated in the low power- high interest segment. The resultant effect in terms of strategy was a change in management. Jim French was appointed the managing director and there was a change in the direction of the company. A positioning approach was adopted. Flybe announced its decision to establish itself as a LCC. The company was re-branded into Flybe. In that respect, stakeholder pressure was significant in influencing Flybe’s strategies. Between 2004 and 2006 there was a different kind of pressure as shown in appendix 3-1. There was a low interest from suppliers, media and the government with low power as well. There was high interest but with low power from competitors, unions, employees, pressure groups, creditors and financial institutions. Meanwhile Flybe had embarked on its strategy of rapid expansion. Heavy losses at BA Connect precipitated the move by Flybe  for a possible acquisition in 2006. The ultimate strategy was therefore fulfilled but the power-interest matrix also started showing a different picture before the acquisition (appendix 3-2). The government as a regulatory body had to come in with high interest and high power. Easyjet’s interest in BA Connect was blocked by the government paving the way for Flybe as the main competitor for the acquisition (Done, 2006). Media and environmental pressure groups also started getting involved towards the high interest and high power segment. Interests from secondary airports started to increase since they were going to profit from the acquisition. The resultant effect was the acquisition of BA Connect in 2007. Environmental pressure groups could be described as having played a significant role in Flybe’s decision to acquire smaller and environmentally friendly aircraft, the 78 seater Q400 turboprop aircraft. Flybe abandoned its initial interest in either Boeing or Airbus aircraft. Stakeholder pressure could be argued as having played a part, and still plays a significant part today. Stakeholder pressure is therefore a significant factor in firm strategies. However, not everybody’s demands will be effected by management. Some decisions will be taken at the expense of others. A power-interest matrix is a useful tool in stakeholder pressure assessment. RECENT STRATEGIC CHANGES THAT FLYBE HAS TAKEN Fit or Stretch future strategies Flybe achieved in its strategies of rapid expansion and re-branding the corporation within a short period of time. Change of business model, acquisition of BA Connect and differentiation strategies have all been aimed at gaining a substantial market share through positioning. The author argues that with its accelerated rate of growth Flybe now requires to consolidate its position on the market by focussing on its internal resources. Working on its core competencies, Flybe can still realise growth. The author therefore suggests that Flybe’s future strategies should be stretch based. Indeed, in the battle of the low cost carriers, Flybe have decided that an ambitious strategy is the best way that they can prosper. The acquisition of  BA Connect accelerates this strategy. Flybe’s rapid growth will enable them to spread their costs over a far greater range of activity and routes than ever before. This should enable them to continue to be able to offer low cost fares (Bizl ed, 2008). Evidence in literature and research asserts that the development of competitive advantage could be through looking at a firm’s resources and capabilities (Foss and Kaudsen, 2003; Barney, 2001). Appendix 4 is a value chain system for Flybe. A close examination of the value chain has led the author to conclude that Flybe has huge resources at its disposal and capabilities that it can develop into core competencies. As such, its future strategy should be based on the inside-out approach. Looking at the inbound activities, Flybe made the right decision in terms of aircraft acquisition. Flybe’s 78 seat Bombardier Q400 Turboprop and the Embraer 195 (which will be fully operational in 2009) have been heralded as an environmentally friendly fleet, its capacity suits the market. Flybe’s competitors have gone for bigger aircraft instead, despite the threat of public protests and impending legislation (Done, 2007). Flybe could possibly have a competitive advantage from its assets. Effective operations supported by its links with Exeter University in terms of learning and development could improve and cut down on costs. For the period 2007-2008 financial year about  £10-15m has been set aside for marketing the Flybe product. In 2007 Flybe had cash reserves in excess of  £136.2m compared to the same period the previous year (Annual Report, 2007). This is strength and Flybe should focus on building route growth, developing its brand and increasing its fleet efficiency. Claiming a core-competency in Flybe business should concentrate on improving passenger load factor, reputation index and operational efficiency (Pegels and Yang, 2000). This is achievable considering Flybe’s resources. More importantly, Flybe is currently taking an exceptional change of nearly  £6.5m by writing down the asset value of its BAE 146 aircraft (Bized, 2008). This is an essential part of their strategy to operate more efficiently, and in a more environmentally friendly fashion. Flybe’s new fleet will be one of the youngest in the world (Bized, 2008). The acquisition of BA Connect saw Flybe’s staff increase to over 3000 in a relatively short period (Done, 2007). This author argues that with such a vital resource the process of integration should focus on building a vision and culture that promotes the corporate brand of Flybe (Hatch and Schult, 2003). Nonetheless, post-merger integration will be critical to the success of Flybe. Learning and development for increased productivity and enhanced corporate image should focus on employees. Flybe has recently unveiled details about its project to build a 160-bedroom hotel at Exeter International Airport (This is Exeter, 2008). The hotel would be operated by a third party, with Flybe guaranteeing to fill 80 rooms a night with all its employees and those from other industry sectors attending training courses. This would be part of resource management. In January 2008, Flybe also announced a landmark franchise Agreement signed with Loganair (The Scottish regional airline). This is Flybe’s innovative philosophy and strategy of continuing to build a market-leading position as Europe’s largest regional airline following the acquisition of BA Connect in 2006. The flights commenced operations in October 2008 (Reuters, 2008). Flybe should now focus on organic growth. Research evidence has associated organic growth with stretch strategies (Leavy, 2003). However, a two-pronged approach has been suggested as a potentially effective strategy. The need to concentrate on resources while positioning a firm is considered as a dynamic and vibrant approach in the unpredictable market of today (Leavy, 2003). Flybe would be no exception to adopt such a strategy for the future. Flybe’s response to development on the market will determine the strategy to focus on. Jim French has not ruled out taking a predatory stance to opportunities that arise on the market. The author recommends a strategy based on stretch while keeping an eye on the industry structure. Other Future Strategy Options Flybe could consider the possibilities of mergers, alliances and sustained acquisitions of other businesses. Acquisition is where strategies are developed by taking over ownership of another organisation (Johnson, et al  2006). Flybe recently penned a three year exclusive contract with car rental firm Avis that will see both companies explore the possibility of integrating car hire with flight bookings (Skyscanner, 2008). However, Flybe would also have to consider the pros and cons of mergers and acquisitions. Another strategy option that Flybe could possibly consider would be stock market floatation, when the current market conditions and the economic situation become favourable. Conclusion As seen above, external factors either create threats or opportunities for firms in the industry. Industry structure analysis is vital to identify key drivers in the industry. Flybe has successfully chosen its strategies to date. It remains to be seen if future strategies will be as effective but the author has suggested a stretch based strategy while keeping an eye on the market. References Barney, J.B. (2001) â€Å"Is the resource based ‘view’ a useful perspective for Strategic management research? Yes.† Academy of Management Review 21, 41-56 Bized (2008) http://www.bized.co.uk/current/leisure Done, K. (2003) Companies UK: Flybe negotiates to join the big league [online] Financial times. London: Available from: http://ft.com/ftArticle?queryText=flybe&page=&y=6&drillDown=%2Bgaco. [Accessed 17 November 2007] Done, K. (2005) Companies UK: Walker trusts set Flybe on course for sale or float [online] financial times. London. Available from: http://search.ft.com/ftArticle?queryText=flybe&page=2&y=6&drilldown=%2Bgaco. [Accessed 17 November 2007) Done, K. (2006) BA sells regional unit to Flybe [online] FT.com site. London. Available from: http://search.ft.com/ftArticle?queryText=flybe&page=11&y=b&drillDown=%2Bgaco [Accessed 17 November 2007] Done, K. (2007) Regional airline sale costs BA  £105m. [online] FT.com site. London. Available from: http://search.ft.com/ftArticle?queryText=flybe&page=1&y=6&drillDown=%2Bgaco [Accessed 17 November 2007] Done, K. (2007) Flybe flies into loss [online] FT.com site. London. Available from: http://search.ft.com/ftArticle?queryText=flybe=&y6&drillDown=%2Bgaco [Accessed 17 November 2007] Done, K. (2007) Ryanair orders 27 Boeing jets. FT.com site [online] Available from: http://search.ft.com/ftArticle?queryText=flybe=&y6&drillDown=%2Baco [Accessed26 November 2007] Flybe (2008) Flybe official website. http://www.flybe.com Foss, N.J. and Kaudsen, T. (2003) â€Å"The resource-based tangle towards a sustainable explanation of competitive advantage.† Managerial and Decision Economics 24, 291-207. George, B. (2003) Managing Stakeholder vs Responding to Stakeholders. Strategy and Leadership. 31(6), 36-40. Grant, R.M. (2005) Contemporary Strategy Analysis. 5th ed. Blackwell Publishing. Australia. Hatch, M.J and Schult, M (2003) Bringing the Corporation into corporate branding. European Journal of Marketing. 37 (7/8), 1041-1064. Johnson, G; Scholes, K; Whittington, R (2006) Exploring Corporate Strategy – Texts and Cases, 7th edition. Prentice Hall, London Leavy, B. (2003) Assessing your strategic alternatives from both a market position and core competence perspective. Strategy and Leadership. 31 (6), 29-35. Lynch, R (2003) Corporate Strategy. 3rd Edn. Prentice Hall, London. Parnell, J.A. (2006) Generic strategies after two decades: a re-conceptualisation of competitive strategy. Management Decision. 44 (8), 1139-1154. Pegels, C.C. and Yang, B. (2000) The impact of managerial characteristics on strategic assets, management capabilities. Team Performance management: An Introduction Journal , 6 (5/6), 97-106. Reuters (2008) Flybe – Another new horizon for Flybe: NON-REG. http://www.reuters.com/article Skyscanner (2008) Flybe goes from strength to strength. http://news.skyscanner.net/articles/2008/07/000482-flybe This is Exeter (2008) Flybe unveils plans for a 160-bedroom hotel at city airport. http://www.thisisexeter.co.uk/business/Flybe-unveils-plans-160-bedroom-hotel Tudway, R and A.M. (2006) Corporate Governance, Shareholder value and Societal expectation. Corporate Governance. 6 (3), 305-316. Transport Research Laboratory (2004) Airline Performance Indicators. Transport Research Laboratory, Wokingham. London.

According to research done by Warr

A lot of research has been conducted and hypothesis formulated to determine whether delinquent peer associations precede delinquency or vice versa. Another concern is how age influences delinquency and the interactivity or linkage among age, peer association, and delinquency. Consequently, the aim of this paper is to bring to fore, the various researches, theories and hypothesis that invariably throw more light on this issue.According to research done by Warr (1993), delinquency escalates rapidly as individuals enter their teen years and then declines almost as rapidly as they enter their late teens and early twenties. A possible explanation for this in my opinion is that youngsters in their early teens tend to be more adventurous and experimental.They are also easily influenced to try out new habits-good or bad- since often times, they are not experienced enough to know or care about the consequences of their actions. However, as they grow older and of course learn by experience, th ey inadvertently develop a more matured and balanced approach to the everyday choices they make.On another note, the fact that a peer group that you belong to engages in unlawful activities helps to validate its relevance and the feeling that it probably is the cool thing to do. Also, because humans are creatures of habit, once they start a habit, say alcoholism, it doesn’t take long before they become addicted.From another perspective, a criminal activity, say illegal drug use, can form part of general criteria for joining some particular peer groups. This can in no small way influence youths to indulge in these activities just to win the group’s approval or endorsement.A bone of contention among researchers is which comes first between delinquency and delinquent peer association? Research by Gottfredson and Hirschi (1987), support the notion that delinquency   actually comes before delinquent peer association. Similar researches performed by Thornberry (1994), Elli ot and Menard (1996) however, offer opposing views.It is important to examine the role that age actually plays in delinquent acts. Hypothesis by Elliot and Menard (1996), show that both delinquency and delinquent peer association increase with age.A more insightful theory is the interactional theory by Thornberry (1987) that suggests that the influence of delinquent peer associations should increase during mid-adolescence and then decline gradually based on the reasoning that the hold that peer groups have on an individual is more pronounced during early stages of adolescence and less so as they grow older and commit to traditional activities like school, family, church, work etc.Still on the effects that age and delinquent peer association have on delinquency, the constant supervisory roles that teachers/guardians play in schools can douse the negative influences that delinquent peer associations can have on a young individual.However, as they advance in age and schooling, and move on to institutions of higher learning, the teachers or guardians tend to treat individuals as adults capable of making their own decisions. In other words, the supervisory roles that teachers play in the life of students reduce drastically as they advance in age and schooling. This also represents the theories expressed by Jang (1999:675).The interactional theory developed by Thornberry (1987) has been put to test but not without some loopholes. For instance, though the theory suggests that delinquent peer associations vary with age, it doesn’t specifically address the measure or category of offending. Also, a general inference tends to be made based on just one category of offending (e.g. drug offending).