Managerial Economics Week 6 Individual Work 2 Assignment

Managerial Economics Week 6 Individual Work 2 - Assignment Example This is because as the output increase at one point, it does not necessarily increase at another point and the inverse is true. The increase in the operating expenditures per student does not bring out a large decrease to enrollment but rather there is an explicit nature of the function. Apart from enrollment, the other important variable in explaining the variations in operating expenditures per student is the teacher salary variable. This teacher salary variable is significant in the sense that it promotes a higher level of motivation thus the operating expenditure per student will decrease. A decrease in teacher salary brings about an increase in the operating expenditure per student. When there is a higher rise in teacher salary, the operating expenditure per student will also rise significantly. Minimization is always ideal achieving the best of benefits in every institution. In this case, expenditures reduce and at the same time, there is a reduction in the enrollment level. Barriers towards enrollment also do not exist and it is a case of unconstrained optimization. To minimize on the operating expenditure per student the calculation takes the derivative of the operating expenditure with respect to enrollment. 30.9 is the reduction level towards the operating expenditure per student that will occur upon adding one more student. This is because at this point (500) there are economies of scale and there are positive externalities. The regression value does not show a good fit value since it is less than 0.75. This is because the right hand side variables also do not fully explain most of the variations or changes. There is an inverse relationship between enrollment level and expenditure whereby the enrollment level increases as the operating expenditure declines. Economies of enrollment that can also show the size can decrease whenever the expenditures reduce as the enrollment

History of Nursing Homes Essay Example for Free

History of Nursing Homes Essay Today, there are approximately 16,100 nursing homes in the U. S. with approximately 1. 5 million residents (www. cdc. gov). However historically, the sick, disabled, and aged were cared for at home by family members. Changes in technology and social changes have created a shift in how we care for our elderly and disabled, and there is evolution in geriatric care that continues today (Morris, 1995). Nurses have had a huge role in revolutionizing the care for our elderly and for creating what is the modern nursing home. Caring for the old age, or geriatric nursing, is often not viewed as being as prestigious as other specialties in nursing. Despite the growing elderly population and the fact that 46% of all Registered Nurses will be providing direct care to the elderly, the majority of nursing students still do not receive any specialized content in geriatric nursing (Ebersole Touhy, 2006). Later on, we will discuss the development of geriatric nursing as a specialty and as it relates to the history of long-term care. In the sixteenth century, we began to see institutions developed to care for a variety of people in need. This did not just include the elderly or disabled, but any dependent poor, sick, orphaned children, widows, insane, and even minor criminals. These institutions could be considered a predecessor to the nursing homes that eventually followed (Morris, 1995). Poor laws in Europe gave rise to these institutions referred to as workhouses, almshouses, or poorhouses. They provided very minimal nursing care, and the care was often provided by â€Å"pauper nurses† who were not trained and usually inmates themselves, often alcoholics. Agnes Jones, a Nightingale trained nurse visited a Liverpool Infirmary in 1864 and reported â€Å"deplorable† conditions. She was forced to dismiss 35 pauper nurses for drunkenness and stated that bed clothes had not been washed for months (Ebersole Touhy, 2006). These poorhouses were common in the United States as well and often had the same deplorable conditions. Carolyn Bartlett Crane, the Chairman of Charity Organization Department of Women’s Civic Improvement League of Kalamazoo, MI attempted to address these problems first with the Michigan State Nurses’ Association in 1906 and again with the Nurses’ Associated Alumni of the United States in 1907 with pleas for nursing care in these almshouses. In her 1907 paper, â€Å"Almshouse Nursing: the Human Need; the Professional Opportunity†, she described the county almshouse as a â€Å"hospital with the hospital part left out. † She went on to talk about how the specialization of institutions for certain groups, such as asylums and orphanages, left the elderly and infirm to be the majority of those left with no other options besides the poorhouses (as cited in Ebersole Touhy, 2006 p. 8). Little progress was made. In 1912, the American Nurses’ Association Board of Directors appointed an Almshouse Committee to oversee housing in these institutions. Progress continued to be slow. From 1910 to 1920 focus was taken away from elder care due to the war (Ebersole Touhy, 2006). An article published in the American Journal of Nursing in 1930 by Munson, R. N. discussed the conditions in the almshouses and lack of quality nursing care. She states, â€Å"Modern nursing in England and in this country was started with the purpose of ‘cleaning up’ just such conditions in hospitals as are still found in almshouses. † She proposed that these small almshouses be consolidated into larger facilities that are better managed (1930). Morris describes the factors that have led to the need for the care that nursing homes provide today. They describe an area of healthcare when a person is not acutely ill and in need of hospital care, but is perhaps chronically ill and cannot return independently to live in his or her home. This â€Å"middle† is ever changing and is affected by two factors: technology and social change. As we discussed earlier, care for the elderly and infirm had largely been done by individual families. Poorhouses and almshouses arose to meet the need for anyone who did not have family to care for them or means to care for themselves. The need increased in the U. S. as the immigrant population rose and there was a shift from extended to nuclear families. A child born in 1900 had a life expectancy of only forty-seven years old. As medical technology, for example, infection control, rapidly developed, the population of elderly people increased. With the rise in aged population, there was an increase in chronic disabilities associated with age (1995). In the nineteenth and twentieth centuries, living standards increased. The poorhouses began to become a thing of the past as there was a movement to specialize care for certain groups. For example: asylums for mentally ill, TB sanatoriums, veterans’ hospitals, and orphanages. There was homecare provided by public health nurses, but many refused to care for the chronically ill (Morris, 1995). As mentioned earlier, the elderly and infirm were among the last left in the poorhouses. Thanks to the efforts of many, including many nurses, there was a push to provide better care and bring trained nurses into these almshouses. By 1940, increased expectations for care and the Social Security Act led to the rise of the modern nursing home. The Social Security Act provided a means for elderly who could no longer work and widows to have financial means to pay for care. Entrepreneurs quickly took advantage and homes for the elderly were often as much for profit as for care. By the 1960s, scandals and patient neglect led to increased regulation and public control over expansion (Morris, 1995). Medicare and Medicaid provided more money for care of the elderly and also further increased government control. Rapid increases in technology and new treatments led to a further rise in the aged and vulnerable population and increasing costs. Nursing homes became linked to local hospitals and doctor referrals. Some homes specialized their services to include services for cognitive impairment or active rehabilitation. Government reimbursement and regulation became more complicated. Nursing homes became less â€Å"homes† and more medical facilities. They operated with a limited nursing staff and very little physician presence. It continues today that nursing homes face contradictory pressures to accept sicker and more difficult patients while at the same time maintaining a â€Å"home-like† atmosphere. All this while limiting costs (Morris, 1995). As more specialized care for the elderly developed, it was apparent that the needs of the elderly were not as simple as taking the principles of nursing care and applying them to the aged. Geriatric nursing has only become recognized as a specialty within the past fifty years. However, the origins of gerontological nursing can be traced all the way back to Florence Nightingale who once was a superintendent in an institution we would call a nursing home today. The clinical study of the aged can be traced back much further to Hippocrates. A Viennese physician, Ignatiz Nascher coined the word â€Å"geriatrics† in a 1909 New York Medical Journal article. In 1935, a physician named Marjorie Warren established an elderly concentrated practice with a concentration on environment, rehabilitation and motivational methods (Ebersole Touhy, 2006). Geriatric nursing is a unique specialty in that it was developed by nurses themselves. Other nursing specialties were first developed in medicine and then carried over to nursing. The reason for this difference is that medicine so often concentrates on curing illness and prolonging life. As Ebersole states, â€Å"Old people often have little life left and therefore are unattractive subjects. † Nurses, in contrast, have always sought to prevent illness and alleviate suffering (Ebersole Touhy, 2006). It seems fitting that nursing, and not medicine, would give birth to this specialty and that is something that nurse’s should take pride in. However, as mentioned earlier, geriatric nursing is often considered the least prestigious of nursing concentrations. With the continued rise of the elderly population as the baby-boomer generation ages, nurses should be prepared to care for elderly in some capacity no matter which specialty they choose. It is unfortunate that nursing schools often provide little material on geriatrics as a unique population. Care for the elderly has continued to make slow, but consistent progress even in more recent years. Although we are leaps and bounds from the almshouse, there has still been serious abuse and neglect in nursing homes and cries for change in the way we house and care for our elderly. In addition to more people receiving homecare services that allow them to live at home longer, there are other movements to change the nursing home itself. William Thomas describes an alternative concept that hopes to revolutionize long-term care, the Eden Alternative. He states, â€Å"The modern American nursing home is being crushed between the intrinsic weaknesses of the institution and the rising expectations of a new generation of elders. We are witnesses to its destruction. Like the leper colony, the tuberculosis sanitarium and insane asylum, the nursing home is about to be heaved onto the ash heap of history (Thomas, 2003 p. 42). † In 1992, the Eden Alternative began as a grant project in New York. It has changed over the years, but is based on a set of principles that aim to make facilities more like homes. The focus is on treating the residents as unique individuals first and patients second. Some changes that differ from traditional nursing homes include environmental changes like carpets, plants, and allowing pets and personal items, single rooms, and family style meals. Staff at Eden facilities do not dress in scrubs and whenever possible, a child daycare is on site to increase staff satisfaction as well as bringing more life into the facility. Currently only about 2% of U. S. nursing homes have adopted this new format despite the statistics showing significant reductions in behavioral incidents, decubitus ulcers, bedfast residents, use of restraints, and staff absenteeism. There was also an increase in census (Thomas, 2003). Going a step beyond the Eden Alternative, an even more recent development has been the â€Å"Green House† with a focus on smaller being better. These homes aim to blend seamlessly into a community and house up to eight residents in what is more than a home-like atmosphere, but very much a home. The technology would still be utilized, but as in the original Eden model, it should be woven into daily life without interfering with it. So far, Green Houses have been able to meet the increasing challenges of providing state of the art care and keeping costs down while complying with state and federal regulations (Thomas, 2003). In conclusion, the nursing home and geriatric nursing have developed to meet the needs of a changing society with ever increasing medical advances and a larger than ever population of elderly. Nurses have been a huge part in the development of what has become the modern nursing home. As the geriatric nursing specialty has grown, there has also been greater understanding of the unique needs of our aging population. It is clear that despite the advances made, there is still much dissatisfaction in how we care for our elderly population and a lot of room for improvement. New alternatives are being developed and it will be fascinating to be in the field of nursing to witness the changes that are yet to come.

Management Is A Universal Phenomenon Commerce Essay

Management Is A Universal Phenomenon Commerce Essay management is a purposive undertaking. It is certain thing that directs group efforts in the direction of the attainment of certain pre determined goals. It is the method of working with and through other ones to competently achieve the goals of the association, by efficiently utilising limited assets in the changing world. Of course, these goals may vary from one enterprise to another. E.g.: For one enterprise it may be launching of new products by conducting market reviews and for other it may be profit maximization by minimizing cost. management involves conceiving an interior natural environment: It is the management which places into use the diverse factors of production. Therefore, it is the blame of management to conceive such situation which are conducive to greatest efforts so that people are adept to perform their task effectively and effectively. It encompasses double-checking availability of raw components, conclusion of salaries and salaries, formulation of directions guidelines etc. thus, we can say that good management includes both being productive and efficient. Being effective means doing the befitting task i.e, fitting the square pegs in rectangle holes and aaaround pegs in aaaround holes. Being efficient means doing the task rightly, at least possible cost with smallest wastage of assets. management can be characterised in detail in following classes : 1. management as a Process 2. management as an undertaking 3. management as a control and respect 4. management as a assembly 5. management as a Science 6. management as an Art 7. management as a Profession http://www.managementstudyguide.com/what_is_management.htm history of mgt The verb organise arrives from the Italian maneggiare (to handle particularly tools), which in turn draws from from the Latin manus (hand). The French phrase mesnagement (later mà ©nagement) leveraged the development in significance of the English word administration in the 17th and 18th centuries http://en.wikipedia.org/wiki/Management historical theories of mgt Historical Theories of Management Scientific Management Theory (1890-1940) At the turn of the years, the most prominent organizations were large and industrialized. Often they encompassed ongoing, routine tasks that constructed a kind of goods. The United States highly prized scientific and technical affairs, encompassing very cautious estimation and specification of undertakings and results. management tended to be the same. Frederick Taylor evolved the :scientific management idea which espoused this very cautious specification and measurement of all organizational tasks. jobs were standardized as much as likely. employees were paid and punished. This approach emerged to work well for associations with assembly lines and other mechanistic, routinized activities. Bureaucratic Management Theory (1930-1950) Max Weber embellished the technical management idea with his bureaucratic idea. Weber concentrated on dividing associations into hierarchies, establishing strong lines of authority and control. He suggested associations evolve comprehensive and detailed benchmark functioning methods for all routinized tasks. Human Relations Movement (1930-today) finally, unions and government regulations answered to the rather dehumanizing consequences of these theories. More vigilance was granted to individuals and their exclusive capabilities in the association. A foremost belief encompassed that the association would prosper if its workers prospered as well. Human Resource agencies were supplemented to associations. The behavioral sciences performed a powerful function in helping to understand the needs of employees and how the needs of the association and its employees could be better aligned. diverse new ideas were spawned, numerous founded on the behavioral sciences (some had title like idea X, Y and Z). Traits of Progressive Management Development Programs With the Human Relations action, teaching programs recognized the need to cultivate supervisory skills, for example, delegating, career development, inspiring, coaching, mentoring, etc. Progressive management schools now have students reconsider a wide body of management topics and discover those topics by applying that information in the workplace and mirroring on that submission. Learning undertakings incorporate learners real-world undertakings in the workplaces or their lives. allotment encompass reflection and investigation on real-world know-how. discovering is enhanced through extending dialogue and repsonse among learners. Very good schools organise to include types of self-development, too, identifying that the cornerstone for effective management is effective self-management. productive management development programs help scholars (learners) take a systems view of their organizations, encompassing reconsider of how foremost functions effect each other. Assignments encompass identifying and addressing consequences of one activities on their whole organization. Contemporary Theories of Management Contingency Theory Basically, contingency idea asserts that when managers make a decision, they should take into account all facets of the current position and proceed on those facets that are key to the position at hand. Basically, its the approach that it depends. For example, the continuing effort to recognise the best authority or administration method might now conclude that the best style depends on the position. If one is premier troops in the Persian Gulf, an autocratic method is likely best (of course, numerous might argue here, too). If one is leading a clinic or university, a more participative and facilitative authority method is likely best. Systems Theory . systems theory has had a important effect on administration science and comprehending association. A scheme is a collection of part unified to complete an general goal. If one part of the scheme is removed, the nature of the scheme is altered as well. For demonstration, a stack of sand is not a scheme. If one eliminates a sand element, youve still got a stack of sand. However, a functioning car is a system. Remove the carburetor and youve no longer got a working car. A scheme can be looked at as having inputs, processes, yields and conclusions. systems share feedback amidst each of these four facets of the systems. Inputs would encompass resources such as raw materials, cash, technologies and people. These inputs proceed through a method where theyre designed, organized, inspired and controlled, ultimately to meet the organizations goals. Outputs would be goods or services to a market. Outcomes would be, e.g., enhanced value of life or productivity for customers/clients, productivity. repsonse would be data from human resources carrying out the method, customers/clients using the goods, etc. repsonse furthermore comes from the bigger natural environment of the association, for example, leverages from government, humanity, economics, and technologies. This overall system structure applies to any scheme, including subsystems (departments, programs, etc.) in the general organization. systems theory may appear quite rudimentary. Yet, decades of management teaching and practices in the workplace have not pursued this idea. Only lately, with tremendous alterations opposite organizations and how they function, have teachers and managers come to face this new way of looking at things. This understanding has brought about a important change (or paradigm shift) in the way management investigations and advances organizations. The effect of systems idea in administration is that writers, teachers, advisors, etc. are assisting managers to gaze at the organization from a broader viewpoint. Systems idea has conveyed a new viewpoint for managers to interpret patterns and events in the workplace. They recognize the various components of the association, and, in specific, the interrelations of the parts, for example, the coordination of centered management with its programs, technology with constructing, supervisors with employees, etc. This is a foremost development. In the past, managers normally took one part and concentrated on that. Then they moved all attention to another part. The difficulty was that an association could, e.g., have a magnificent centered administration and magnificent set of educators, but the agencies didnt synchronize Chaos Theory As chaotic and random as world events appear today, they appear as chaotic in organizations, too. Yet for decades, managers have acted on the basis that organizational events can always be controlled. A new idea (or some say science), chaos idea, recognizes that events indeed are rarely controlled. numerous chaos theorists (as do systems theorists) mention to biological systems when interpreting their idea. They propose that systems routinely proceed to more complexity, and as they do so, these systems become more volatile (or susceptible to cataclysmic events) and should expend more energy to maintain that complexity. As they consume more power, they search more structure to sustain stability. This trend extends until the scheme divides, blends with another convoluted scheme or falls apart solely. This tendency is what many see as the tendency in life, in organizations and the world in general. SCHOOL OF THOUGHT à ¢Ã¢â€š ¬Ã‚ ¢ Animism The notion of animism is not now broadly utilised in anthropology and tends to be referred to more as a historical curiousness for what it can notify us about anthropological thought in the 19th years than for what it can state about the convictions of persons in the up to date world. à ¢Ã¢â€š ¬Ã‚ ¢ Diffusionism Diffusionism is the term utilised by anthropologists and sociologists to account for the disperse, through time, of facets of culture-artistic traditions, language, melodies, myths, devout beliefs, communal association, technological ideas-from one humanity or assembly to another. à ¢Ã¢â€š ¬Ã‚ ¢ Evolutionism Evolutionism is a movement in anthropology and sociology which was much in vogue in the 19th and early 20th centuries. It mentions to ideas of change in which development is seen to proceed through stages of increasing complexity and diversification. It is closely related to the concept of progress and expertise, which is most prevalent in capitalist humanity. à ¢Ã¢â€š ¬Ã‚ ¢ Functionalism functionalism refers to a variety of theories in the human sciences, all of which supply explanations of phenomena in periods of the function, or reason, they purportedly assist. à ¢Ã¢â€š ¬Ã‚ ¢ Marxist anthropology It developed out of two motives: the need to assess anthropologys chronicled connection with colonialism, arising out of a discontent with earlier functionalist paradigms for the study of societies; and to perform social investigation with a larger sense of political and financial perspectives. à ¢Ã¢â€š ¬Ã‚ ¢ Postmodernism Anthropology in general has been examined as a especially sympathetic arena of the human sciences inside which to chase the postmodernist agenda, particularly with regard to matters of otherness, critiques of the programmes of the Enlightenment and elaborations of the idea of culture à ¢Ã¢â€š ¬Ã‚ ¢ Primitivism Primitivism, in anthropology, mentions to a body of considered that there live remote and exotic primitive: peoples whose ways of life and technologies are considered to display assessed compare to those of modern societies. à ¢Ã¢â€š ¬Ã‚ ¢ Relativism The conventional heritage relativism that most anthropologists, British or American, take to work with them is a blend of two notions: first, that insofar as there are behavioural differences between various populations of persons, these differences are the outcome of heritage (sometimes societal) variation rather than anything additional; and, second, that such dissimilarities as do live are warranting of respect and understanding in their own terms. MORE à ¢Ã¢â€š ¬Ã‚ ¢ Structuralism Structuralism is the approach which seeks to isolate, and decode, deep organisations of significance, coordinated through systems of signals inherent in human demeanour (language, ceremonial, dress and so on. à ¢Ã¢â€š ¬Ã‚ ¢ Syncretism Syncretism is the method of mingling distinct philosophies, convictions or traditions of conviction and practice, producing in hybrid types. à ¢Ã¢â€š ¬Ã‚ ¢ Totemism J.F. McLennan (1869) posited a worldwide reverence for the mystical power of dwelling things, arguing that there is no race of men that has not arrive through this primitive stage of speculative belief. http://credoreference.libguides.com/content.php?pid=307806sid=2521183 4 FUNCTIONS OF MANAGEMENT Management has been described as a communal process involving responsibility for economical and effective designing guideline of operation of an enterprise in the fulfillment of given reasons. It is a dynamic process comprising of diverse elements and undertakings. These undertakings are distinct from operative purposes like trading, finance, purchase etc. Rather these undertakings are widespread to each and every manger irrespective of his grade or rank. distinct experts have classified functions of management. According to George Jerry, There are four fundamental functions of management i.e. designing, coordinating, actuating and controlling. According to Henry Fayol, To organise is to forecast and design, to coordinate, to order, to control. Whereas Luther Gullick has granted a keyword POSDCORB where P stands for Planning, O for Organizing, S for Staffing, D for administering, Co for Co-ordination, R for describing B for making allowance for. But the most broadly accepted are functions of management granted by KOONTZ and ODONNEL i.e. designing, Organizing, Staffing, Directing and commanding. For theoretical reasons, it may be befitting to separate the function of management but virtually these purposes are overlapping in environment i.e. they are highly inseparable. Each function blends into the other each sways the performance of others. 4 FUNCTIONS PLANNING According to Koontz ODonell, PLANNING is concluding in advance what to do, how to do and who is to do it. PLANNING connections the gap between where we are to, where we want to proceed. It makes likely things to occur which would not else occur. PLANNING is deciding in accelerate what to do and how to do. It is one of the basic managerial functions. Before doing certain thing, the supervisor must formulate an concept of how to work on a specific task. therefore, PLANNING is nearly attached with creativity and discovery. But the supervisor would first have to set objectives, only then will a manager know where he has to proceed. Planning hunts for to bridge the gap between where we are and where we want to go. PLANNING is what managers at all grades do. It requires taking decisions since it engages making a choice from alternate techniques of activity. Importance of PLANNING: Æ’ËÅ" PLANNING presents directions Æ’ËÅ" PLANNING reduces the dangers of doubt Æ’ËÅ" PLANNING reduces overlapping and wasteful undertakings Æ’ËÅ" PLANNING promotes innovative ideas Æ’ËÅ" PLANNING facilitates decision making Æ’ËÅ" PLANNING sets up measures for controlling PLANNING method: Æ’ËÅ" Setting Objectives Æ’ËÅ" Developing Premises: Æ’ËÅ" recognising alternative techniques of activity Æ’ËÅ" assessing alternative techniques Æ’ËÅ" Selecting an alternative Æ’ËÅ" Implement the PLAN Æ’ËÅ" Follow-up action organising one time the PLANs have been laid down and objectives particular therein, the next step is to organize assets in a kind which leads to the accomplishment of objectives. Organizing can be characterised as a method that initiates implementation of PLANs by clarifying occupations and working relationships and competently establishing assets for attainment of recognised and yearned results or goals. The management function of organising double-checks that efforts are directed in the direction of the attainment of goals laid down in the PLANNING function in such a kind that resources are used optimally and people are adept to work collectively and competently for a common reason. Thus, it is in the context of productive management that the association function earns due importance. It is a means for converting PLANs into action. Importance of organising: Æ’ËÅ" assists in specialization Æ’ËÅ" Clarity in working relationships Æ’ËÅ" Optimum utilization of assets Æ’ËÅ" Adaptation to change Æ’ËÅ" productive management Æ’ËÅ" Development of staff Æ’ËÅ" Expansion and development Organizing process: Æ’ËÅ" Identification and division of work Æ’ËÅ" Departmentalization Æ’ËÅ" allotment of duties Æ’ËÅ" setting up describing connections Directing Directing refers to the process of instructing, directing, therapy, motivating and premier people in the association to accomplish its objectives. Directing integrates persons in the direction of accomplishment of widespread objectives. Through directing, managers not only notify the persons in the association as to what they should do, when they should do and how they should do but also glimpse that their instructions are implemented in correct perspective. Very often, this becomes important component in the effective and effective functioning of the organization. Directing as a function of management is concerned with instructing, directing and motivating people in the organization to accomplish its objectives. It involves overseeing people at work, making provision for the essential facilities and creating a work natural environment, whereby employees may present to the best of their abilities. It comprises of handing out instructions and instructions by a better to his subordinates. It furthermore encompasses the process of m9otivation subordinates and supplying authority with an comprehending of their hopes, beliefs and demeanour pattern. Through the administering function managers convey about a balance between one-by-one concerns of employees and the concerns of the organization as a whole. Directing is a function of all managers of the association. It is an ongoing activity of managers. significance of directing: Æ’ËÅ" It Initiates Actions Æ’ËÅ" It Ingrates Effort Æ’ËÅ" Means of Motivation Æ’ËÅ" It Provides steadiness Æ’ËÅ" contending up with the alterations Æ’ËÅ" Efficient Utilization of assets controlling Managerial command suggests the estimation of accomplishment against the benchmark and the correction of deviations to guarantee attainment of objectives according to plans (Koontz and O Donnel) controlling is one of the important functions of a manager. In alignment to request PLANed results from the subordinates, a supervisor needs to workout productive command over the undertakings of the subordinates. In other phrases, controlling means double-checking that undertakings in an organization are presented as per the PLANs. controlling also double-checks that an organizations resources are being utilised competently and efficiently for the accomplishment of predetermined goals. controlling is, therefore, a goal-oriented function. significance of controlling: Æ’ËÅ" Accomplishing organizational goals Æ’ËÅ" Judging accuracy of standards Æ’ËÅ" Making efficient use of assets Æ’ËÅ" advancing worker motivation Æ’ËÅ" Ensuring alignment and control and respect Æ’ËÅ" Facilitating coordination in activity Controlling method: Æ’ËÅ" Setting presentation standards Æ’ËÅ" Measurement of genuine presentation Æ’ËÅ" Comparison of genuine presentation with measures Æ’ËÅ" Analysing deviations Æ’ËÅ" Taking corrective activity (www.Seobyus.com) ( HubPages Inc., 2011) (excellentguru.com) (enotes.com) (managementstudyguide.com, 2008-2012)

Presidents Kennedy and Johnson :: essays research papers

Although President Kennedy wasn’t in office for very long, his actions in and out of the whitehouse are legendary. When President Kennedy took the oath of office in 1960 he wasted no time in cleaning up America. Several bills were enacted in President Kennedy’s tenor. A lot of the major ones had to do with crime control. A lot of President Kennedy’s bills were targeted at organized crime. Bill S1653 was singed into action on September 13 1961. This was an interstate travel bill. The bill made it a crime to travel or use any facilities in interstate commerce with intent to conduct violent crimes to further illegal gambling, liquor, narcotics, or prostitution business. This bill had a major effect shutting down a lot of â€Å"speakeasy’s† which took care of gambling, and betting. Customs got a lot tighter which had a great impact on the running of liquor to foreign countries such as Canada and Mexico. A lot of drug pushers were arrested and many Bord ellos’ were also shut down. The senate passed Bill S1653 on July 28 and House on Aug 21. This was one of many anti-crime Bills that President Kennedy would enact throughout his term. A lot of his primary goals were oriented towards organized crime. Another one of President Kennedy’s crime Bills to be passed in 1961 having to do with crime was Bill S1656. This Bill made it a crime for 2. anyone in the betting business to knowingly use a wire communication facility to transmit in interstate commerce any bets or wager information. Also it made it a crime to be caught with any betting paraphernalia such as parley sheets or wager stubs. This authorized a lot of wire-tapping and surveillance. Bill S1656 was passed by the Senate on July 28 and by the house on August 21 and was signed September 13. One other bill passed in 1961 by President Kennedy was the Fugitive felon act. This act made it a federal crime to cross boarders to avoid being prosecuted or remanded into custody after committing a violent crime or avoid giving testimony on a crime. This act was strongly enforced by local law enforcement agencies. The Federal firearms act of 1961 was a major bill passed for President Kennedy in 1961. This act prohibited the shipment of firearms in interstate and foreign lands to people under inditment for certain crimes. Not all of President Kennedy’s bills were directed towards the Mob and other such crime syndicates.

Family A Tough Bond To Break :: essays research papers fc

Family: A tough Bond to Break Many wise pholosophers say that only 7 stories exist in the world as we know it. The struggle of good versus evil, finding true love, and the rise and fall of important people have been written about since the discovery of pen and paper. One theme that stands out in Homer’s epic, The Odyssey, is the desperation to keep a family together. Odysseus, Telemacus, and Penelope all suffer hardships trying to keep the tight bond their family has, as close as possible.   Ã‚  Ã‚  Ã‚  Ã‚  Odysseus is determined he will return to his wife and newborn son after the war of Troy was won. Many trials and tribulations are presented to Odysseus on his journey home. Polyphemus, the Cyclops, tries to detain the hero from returning to his home of Ithaca. Poseidon’s son failed and ended up being blinded (Milch p. 29). Odysseus was also tempted by Calypso. The nymph-goddess offered to make him immortal if he would just stay with her on the island for ever. Odysseus refused and started his epic journey to Ithaca once again. Odysseus is told to visit Teiresias in Hades to find a way to make it back to Penelope and Telemacus. He must venture to the land of the dead (Rieu p 160). The only important thing in Odysseus’ life is returning to his family in Ithaca.   Ã‚  Ã‚  Ã‚  Ã‚  Having the same feelings his father possesses, Telemacus’ only desires are to keep his mother from marrying one of the many suitors and acquiring knowledge of his father. He must do this because he knows that if his father is dead, he must return to Ithica to fight the suitors alone (and eventually be killed). His other choice is to stay away from Ithica all together and lose the respect of his people and do harm to his fathers name. To do this, Telemacus sets out on a journey of his own. He first decides to visit his fathers friend, Nestor, first (Rieu, p. 30-44). Nestor tells of his fathers great deeds. After leaving Nestors palace, Telemacus visits Menelaus. He is visiting these great men to find out about his father. Since Telemacus was only an infant when his father set out to fight at Troy, he really does not remember him. By hearing stories about the great acts his father committed, he feels that he knows him better. This brings new feelings about is father.

The International Space Station Essay -- Science Space Exploration

The International Space Station is the doorway to the future of mankind and the world as it is known. The scientific and medical discoveries that will be made on the station could create billions of dollars annually. A plan like this, arranged to benefit the whole world economy, should sound like a good idea to every person, but some believe that the ISS is too risky, too ineffective, or too costly to create. Whether or not the space station is worth the money, time, and effort, one thing is clear, everyone is interested in this virtual floating laboratory and what assets or liabilities it will bring. The future of scientific experimentation and exploration may be located, not on earth, but on the man made island called the International Space Station. Of all the factors that go into building a space station, construction of the massive object is the most tedious objective. During the building of the ISS, tensions have run high several times when deadlines were missed or funds were not available. This space station is the most expansive mission the world has ever encountered. The International Space Station will be a fifteen country mission. When finished, it will boast over an acre of solar panels for heating and energy, have a volume roughly sizable to two jumbo jets, and contain four times the electrical power of the Russian space station, Mir. It will take approximately forty-five flights over the next five years to assemble the one hundred pieces of the station while circling the orbit of the earth (Goldin 11). This floating station, the size of a large football stadium, which is traveling at over 17,500 miles per hour around the earth, will have a minimum life expectancy of only ten years, although scientists hope for a muc... ... to tell anyone the outcome of the experiments on the International Space Station. It is a complex machine that may create fantastic results or become a large waste of time and effort, but until the world tries, it will never know which might be the most disappointing thing of all. For now, all anyone has is hope for a brighter future, and the chance that the International Space Station may bring them a step closer to that reality. â€Å"The orbiting laboratory serves as a symbol of our future. A future that embodies the dreams of our children and that promises untold discoveries for the next millennium. One that fulfills our innate human nature to explore. And one that benefits all people of all nations.† (Goldin 11) The International Space Station is the beginning. It is the beginning of a world that is working towards a better understanding of everything around it.

Macau Pension Fund Essay

According to the Act 84/89/M, Social Security fund would provide subsidies or assistance for unemployed, sick and retired people. This was the so-call â€Å"the first tier of social security†. At the same time, SSF was positioned as a financially independent fund under the local government. In Macau, Pension fund is included in the SSF, and there is no separation between the management of pension fund and SSF. Instead, pension fund is considered as an expense from the aspect of financial management. All the working people, including non-permanent and permanent residents, are required to contribute to SSF in each month. If they have contributed enough amounts, they can get part of or all the pension fund payment after retirement. Since 1993, the government was gradually enlarging the coverage of pension fund beneficiary. So far, most unemployed or workless people, such as housewife, could join the voluntary contributions program. After certain periods of contribution, those people are also entitled to the pension fund payment from SSF once they are over 60. 2. 0 Current Problems As a financially independent fund, SSF is supposed to maintain the operation with the contribution as its major income. However, government funding has already become the most important income of SSF in recent years. In 2010, government budget and funding from gaming tax accounted for 92% of the total income of SSF (see figure 1). For the pension fund, many people stated that the pension fund payment, maximum MOP 2,000, is not enough under the high-inflation economy. Some academies also claim that the contribution is not enough to maintain the budget balance of SSF. After all, government announced the predictable deficit of SSF since 2014 and bankruptcy in 2020 without government funding, which cause the heated discussion in Macau. 3. 1 Insufficient Contribution According to the SSF regulation, a resident who have contributed to SSF for 30 years is qualified to get MOP 2,000 per month after retirement at 65. Actually the monthly contribution to SSF has been fixed at MOP 45 per person since 1998, which means the total contribution in 30 years would be returned in 9 months after retirement. Figure 1: Income of SSF in 2010 The contribution in 2010 only accounted for 5. 35% of the annual income of SSF and 24. 4% of the pension fund payment. In other words, the contribution is obviously insufficient to support the pension fund payment. The pension fund payment has been increased from MOP 800 in 1995 to MOP 2,000 recently, so as other subsidies and assistances. Therefore, the government kept increasing funding for SSF to prepare for the increasing outcome. Millions (MOP) Figure 3: Social security expenditures by SSF 3. 2 Insufficient Pension Fund Payment According to the poverty line set up by Economic Cooperation and Development (OECD), the people with an income level lower than half of median income should be considered as poor people. Referring to 2011 median income published by Macau Statistics and Census Service, people have income lower than MOP 5,000 per month should be classified as needy. However, the maximum amount of pension fund payment is MOP 2,000, only 40% of the poverty line. The payment is even lower than the minimum subsistence index for one-person family, which is MOP 3,000 after the adjustment by Macau government on 1 Apr 2012. In view of this, some communities and organizations have called for further raise of pension fund payment. 3. 3 Inefficient Management Rate of Return Percentage Inflation Rate Figure 2: Investment return of SSF balance and Macau inflation rate Given the enlarging funding from government, the balance of SSF have increased from MOP 1. 5 billion in 2006 to MOP 6. 2 billion in 2010. However, it has been shown in Figure 2 that the investments return of SSF balance is just a bit higher than the inflation. During the financial crisis, there was even a negative return recorded in 2008. By ignoring year 2008, there is still a downward trend of the return. According to the 2010 annual report of SSF, 72. 43% of SSF balance was deposited into local bank, the remaining proportion was entrusted to fund managing company for only low-risk investments. Under the fix-rate hedging between MOP and HKD, the interest rate of Macau is close to interest rate in Hong Kong, which is similar to US interest rate. Since the 2008 financial crisis, Fed has applied the ultra low interest rate and the interest rate is believed to be maintained until 2014. So, a 72. 43% of deposit in an investment portfolio is reasonably considered as inefficient. 3. 4 Irregular government subsidies In 2008 Macau government introduced the â€Å"Wealth Partaking Scheme†. Each permanent resident will receive the cash check issue by government and each non-permanent residents would received 60% of the partaking amount to permanent resident. The aim of the scheme is to share the result of economic development under the high-inflation economy. However, in some people’s view, the scheme has been considered as supplement of social security and thus expected to transfer the scheme into regular subsidies. Beside the partaking scheme, Macau government established the â€Å"Central Saving Plan† – to inject certain capital into individual account of all the permanent attained the age of 22 in the year. The government claimed that the plan is â€Å"the second tier of social security† and the plan will enhance the living security of retired people. Under the government regulation, people could withdraw the saving fund only when they are over 65 or in urgent needs.