Finance Policy Assignment Example | Topics and Well Written Essays - 1750 words

Finance Policy - Assignment Example A business’s financial position is evident from its profit and loss account and the balance sheet. The balance sheet and the profit and loss statement should communicate the appropriate results of the firm to the CEO so that he can make decisions regarding investment. The financial statements of the firm should be made available to all so that they can make their own conclusions from the financial statements with respect to the operations in the firm. It is very important that the financial information provided must be reliable and authentic. The primary objective of my role as CFO is to interpret the firm’s accounts accurately and identify which of the investment methods could benefit the firm in the long as well as the short run. This could be achieved by making appropriate review of the financial statements as well as developing accurate interpretations. This is supposed to benefit the firm and its stakeholders. b) The company can use concise financial report, which consists of Consolidated Income Statement, Statement of Comprehensive Income, Balance Sheet, and Statement of Changes in Equity, Statement of Cash Flows so that all the third party investors and stakeholders could evaluate the firm’s business. ... The taxation requirements of the government should be met with appropriate heads showing profits before tax and profits after tax. Similarly the employees can get an idea about the functioning of the firm by analyzing the financial statements. The creditors and debtors value in the balance sheet along with the bad debts gives a clear understanding about the total debtors and creditors of the firm. The shareholders can understand the way the firm is functioning through the payment of dividends and the return on equity, which is projected in the financial statements. Question 2 a) High dividend policy to the shareholders signifies that the firm is earning high profits and, thus, is paying high dividend to its shareholders. This creates anticipation among the shareholders that the firm will pay them a higher amount of dividend in the next financial year. High dividend also signifies that the portion of debt capital in the firm in comparison to its equity capital is less, which implies t hat the firm has its own financial stability. b) If there are negative profits in the firm then the firm will pay a lesser amount of dividend. If the firm chooses to retain a high portion of its earnings for investment activities, even then the dividend payment will be less. c) High dividend payouts are popular and well appreciated by all the shareholders. But the problem that arises here is that if the firm earns high profits and provides high dividend to its investors in one year and in the next financial year its profit is less comparatively and so it fails to pay high dividends, then the shareholders will be unhappy with the firm. This will affect the bond and relation they have with the firm. As the shareholders are the primary investors in the

Cause and Effect Essay Example | Topics and Well Written Essays - 750 words - 1

Cause and Effect - Essay Example Nevertheless, the greatest brunt of it is felt mostly in developing countries. The poverty levels also differ from one region to another, mainly due to inequitable distribution of national wealth. This is mainly apparent in developed countries where poverty is rife only in secluded areas. However, the effect of poverty in developing nations is felt almost everywhere. Royce (2009) reported that an individual may be born in a society where poverty is already rife or be overcome by poverty due to unfortunate occurrences, such as job loss, disease, and bankruptcy among others. Nevertheless, many studies have been conducted in an attempt to unearth the causes and effects of poverty all over the world. This paper will explore the causes and problems that result from poverty. Background Poverty is a social crisis which affects every part of the society and culture. It pertains to a situation where an individual or a society has low income, resulting in illiteracy due to the lack of proper a ccess to education, health care, markets, and decision making authority. Its effects also include lack of communal facilities, such as proper sanitation, transport system, water and roads, and proper communication links. It is reported that more than half of the world is poor, with people living on less than 2.50USD a day. This figure is put at over 3 billion people. The same report also reveals that out of the 3 billion people affected by poverty, over 1 billion are children. The statistics found out that about 640 live in dilapidated shelters or have none at all; 400 million are not accessible to safe water while 270 million cannot access health services. In Hobson and Boll (2004) it is also revealed that more than 10.6 million children below the age of five succumbed to poverty in 2003. Areas with high levels of poverty Economic research shows that poverty is rife mainly in developing countries of the world. The areas which are mainly affected include Africa, India, South Asia, a nd South America. This does not mean that developed countries as the US are not affected by poverty since even these countries do have destitute people who live under deplorable conditions due to poverty. Royce’s survey (2009) also shows that its effects are mainly felt in the rural areas. Causes of poverty Poverty is caused by several factors in economy. One is overpopulation, in which very high number of people competes for few sources available. This is one of the reasons why a country like India ranks among countries where poverty rates are high. For instance, the population of India is said to be over a billion people. However, the available resources are not able to sustain this entire population thereby rendering others poor (Hobson and Boll, 2004). Corruption. Corruption has also been singled out as a major cause of poverty. This is because it leads to unequal distribution of national wealth. In addition, it leads to mismanagement of public funds which only goes to th e hands of a few leaving many other citizens poor. Royce (2009) emphasizes that this has been witnessed in many countries, such as Nigeria which ranks top in terms of corruption. Unemployment. High rate of unemployment is also a leading cause of poverty across the world. Employment is one way of creating wealth in a country. This means that when there are

The video Game Console Wars Essay Example for Free

The video Game Console Wars Essay Compare and contrast Nintendo’s marketing strategy for the Wii with Sony’s strategy for PS3. By the end of 2006, two game console industry giants, Nintendo and Sony had launched their respective new products; the Wii and PS3. Various marketing strategies were implemented by both rivals and this writing attempt to analyse common and differing elements. Similarly, both companies had a product differentiation strategy, with the aim of being distinctly set apart from their competitors by the viewing market.  However, different elements of this strategy were focused on by the firms. For instance, Nintendo differentiated via product form and design. Instead of the traditional controller where buttons are pressed, the Wii had a wireless motion-sensitive controller, which recognises the player’s arm movements. Thus, actions such as golfing, tennis and even dancing can be detected by the game. It is assumed that the rationale behind this is the fact that â€Å"new things and ways of doing things† always grab attention, whether good or bad. Thus, Nintendo’s aim would have been to gain the market’s attention and then convince them positively about the Wii. Conversely, Sony attempted to differentiate through performance quality. Heavy investment was made on a new processing chip and a laser diode, which would rev up the speed drastically and offer superior graphics quality. The video gaming industry prides itself on graphics; hence differentiating in this area may significantly increase demand. One believes however, that Nintendo’s product differentiation strategy had a stronger impact than Sony’s. This is because Sony followed the industry norm, of each new generation of machines being faster and more powerful than the preceding generation, as the case states. Thus, the market was already expecting the enhanced features, compared to the curiosity of a completely new game design by the Wii. With reference to the Ansoff Matrix framework, Nintendo implemented a marketing diversification strategy, whereby they offered a new product to new markets (in terms of untouched customer segments). Nintendo’s designers, according to the case, deliberately developed a machine that is simpler to use, since the complexity of current games appeal only to advance gamers.  This thus,  would allow market reach to a broader demographic of new segments, thereby beginning to challenge Sony’s market share dominance. For instance, males and female above and below the common age bracket of video game players may now demand the Wii. On the other hand, Sony implemented a product development strategy, by launching a new product in their existing market segment of customers, as the Ansoff theory advocates. Hence, Sony’s PS3 targeted their current customer segment for the PS2. A marketing strategy of Sony may have been to have first mover advantage, by launching in November 2006 in the United States before the Wii. Most studies indicate that the market pioneer gains the greatest advantage, however sometimes it can be risky and expensive. In Sony’s case, they would have easily been able to capitalise on the fans of the playstation and PS2 and new customers entering that market. Their downfall however was inadequate launch preparation and planning with regards to their diode technology, as mass production issues caused shortages. Thus, achieving the Christmas season’s full revenue potential was lost. Even though Nintendo was the second mover launching a month after in December, they had an international marketing launch strategy being executed. They made the Wii available in the United States, the Eurozone and United Kingdom. As a result, the benefits of being the first mover would have been gained in the Eurozone and United Kingdom. It is note d that Sony launched the PS3 four months after in Europe. Being the second to enter that market, Sony may have researched any problems Nintendo may have encountered and adjusted accordingly, for a smoother launch. Nintendo appears to have implemented a market-penetration pricing strategy. The Wii at a cost of $250 is 50% less than the 20-gigabyte PS3 (smaller hard drive machine). At this lower price, it is easier for the product to penetrate the market due to affordability in most segments. This aligns with the assumed company’s aim of maximising market share in the current and new segments. To achieve this, Nintendo ensured that the Wii was less costly to manufacture. Moreover, a higher sales volume may lead to lower unit costs and higher long run profits. Conversely, Sony is believed to have a market-skimming pricing strategy. The company invested $2 billion in technology, so this strategy aims at recovering the maximum amount of revenue to cover the high costs incurred in the early stages of the product life cycle. Additionally, S ony has a strong brand due to the success of their previous machines (PS2 and  playstation) and the high price assists in communicating the image of a superior product with quality.What is the key to the Wii’s popularity? The key facet responsible for the Wii’s popularity lies in the innovative design, which â€Å"calls to action† the player with physical movement. The writer views the wireless motion sensitive game console as a new, simple and fun method of gaming for all age groups. As a result, it may appeal not only to the traditional expert video game player like the PS3, but other individuals outside that segment. It thus makes marketing sense, if Nintendo promoted the game as a family requirement for cultivating an enjoyable, quality family time with members. It seems also a great game for various informal social events. Furthermore, since different types of games can be played, the Wii has the potential to appeal to a vast number of different market segments. For instance, The Wii Fit is an exercising game, where aerobics, yoga and other body strengthening activities can be done. Thus, the Wii Fit may have been positioned as a convenient way of losing or maintaining your weight, as it can be done in the comfort of one’s home and a more enjoyable method compared to simply following an instructor on a DVD. Likewise, sports fanatics may gravitate towards the Wii sports for the games of their interest. There also is the possibility of the Wii being used for rehabilitation after a stroke or injury, due to it body strengthen capabilities. It must be noted, that Nintendo’s international marketing strategy of launching in three distinct major areas, was a contributing factor towards the quick popularity gained. The areas were the United States, the Eurozone and the United Kingdom. This means that great strategic marketing focus had to be made on the different areas, to accommodate international cultural differences and legalities. As a result, Nintendo may have had to implement global product strategies for market adaptation in areas such as price, sales promotion, colours, labelling and advertising execution, to name a few. 3. Do you agree with Sony’s decision to incorporate a Blu-ray DVD player in the PS3. The writer agrees with the decision to incorporate a Blu-ray DVD player in the PS3.  Firstly, Sony is considered one of the market leaders in the consumer electric industry; where the brand is known for high quality and advance technology. Since the  consumer market started demanding more high definition TVs and viewing of DVD’s in high definition, it made good marketing sense to satisfy that need for high definition imagery in the video games, which ultimately reinforced the company’s brand. A â€Å"spin off† from this implementation of Blu-ray, is that the PS3 can actually be used by consumers to watch Blu-ray DVD movies, for those who may not own a Blu-ray DVD player. Thus, the value of the PS3 may increase, due to more product uses than the main function. Secondly, it was wise for Sony to include the Blu-ray DVD player in the PS3, due to their current product range developments. Sony had already launched the Blu-ray video format in their DVD players, thus the inclusion in the PS3 was a commendable and necessary marketing move, in order to keep as many products in the range up to date with the latest technological advancements. More importantly, this was a medium to push and promote the adoption of the Blu-ray in the market, reflecting strong strategic planning for profit maximisation. The draw back to the implementation however, was the issue of mass-production difficulties of the diode for the Blu-ray, resulting in shortages for the U.S holiday launch, as the case explains. Thus, it is assumed that there was a deficiency in proper operational planning and execution. This can be a critical concern with new product planning, since shortages can greatly impact forecasted revenue streams and significant opportunities may be lost. In Sony ’s situation, the launch was around the Christmas season, where many PS3s may have been gift considerations and individuals generally spend more on commodities at this time, due to Christmas bonuses and advances. Thus, Sony would not have been able to capitalise on this, due to low supply of machines. In the final analysis however, if Sony had anticipated any production issues to cause marginal temporary shortages at the launch, one is of the opinion that this is not drastic a problem enough, to decide forgoing the implementation of the Blu-ray. This is because consideration is given to the return on investment with the Blu-ray inclusion and the technological drive in the industry at large. The Blu-ray would have generated greater demand than the HD-DVD and take longer to become obsolete, thus having an extended life-span. Some industry observers have noted that the battle between HD-DVD and Blu-ray is reminiscent of the showdown between Beta and VHS videocassette  formats in the 1970s. What was the outcome? The videocassette showdown between Beta and VHS in the 1970’s mainly was a clear example of â€Å"listening and responding† to what the market wants. It began when Sony produced Bata, a video standard which had a recording time of 60 minutes. Almost one year later, JVC launched the VHS, which is another video standard that had a recording time of 120 minutes. The two videocassettes were different in size and completely incompatible. The VHS was cheaper than Beta; however the longer the recording time resulted in a degraded quality of image. The market nevertheless, wanted a longer recording time, which allowed for longer movies and football matched to be recorded. Sony held their end for more years supplying the more upscale market with the 60 minute high quality videocassettes, but eventually in the mid 80’s they had to offer videocassettes with a longer recording time to remain competitive. By then however it was too late and VHS already held dominance in the market. VHS won the battle and in 2002 the last Beta machine was produced. Sony’s mistake was not listening to what the market wants and not willing to compromise the quality to satisfy the market. The battle between HD-DVD and Blu-ray is quite similar, however this time Sony is not the defender, but the challenger. To forecast who the winner may be, the same underlying factor exists, regarding listening to the market and responding. The case explains of the continuous electronic industry’s upgrade towards high definition TVs and DVD movies. Thus, one can assume that consumers want a player which provides the greatest quality of high definition. A common element between HD-DVD and Blu-ray is that they have 1080 lines of resolution (the highest quality video playback possible) on their widescreen HDTV set, as the case shows. Thus, consumers are going to look for other factors which can determine which player provides better quality. Firstly, the fact that Sony’s Blu-ray technology is incompatible with Toshiba (assuming other rival products as well) and can only be used on Sony products, signals that Sony is trying to maintain a type of niche market, which in essence aims at guaranteeing that using Blu-ray technology on Sony products will produce the best quality. This is similar to what Apple does with their range of products. Secondly, over the years Sony has positioned and built their brand to represent â€Å"high quality† and thus brand loyalty is strong among customers in the electronic industry. Lastly, price sends  market signals and the common understanding is that high price tends to reflect high quality. The case states that Sony BDP-S1 and S300 cost $999.99 and $600 respectively, compared to Toshiba’s models ranging from $399.99 to $799.99. Thus the higher price of Sony can be assumed to have better quality. Conclusively, HD-DVD and Blu-ray battle is almost mirrored in Beta and VHS rivalry. VHS won the battle since they satisfied the market’s demand for longer recording time with the videocassette. With HD-DVD and Blu-ray, the market is assumed to want high quality on their high definition widescreen HDTVs. The writer believes that Sony with their Blu-ray technology would win the battle, given that they can reflect a better level of quality over Toshiba, through â€Å"non-1080 lines of resolution† factors.

Assumptions, research design and data collection strategies

Assumptions, research design and data collection strategies Chapter 1 Introduction The purpose of this assignment is to offer a critical analysis of the underpinning assumptions and research design and data collection strategies and the practice of academic research. Two research papers are chosen for the purpose of this analysis. The first paper is a quantitative study and the second paper is a qualitative study. They are as follows:- Shafer, W. E., Fukukawa, K. and Lee, G. M. (2007) Values and the perceived importance of ethics and social responsibility: The U.S. versus China, Journal of Business Ethics, 70 (3), pp. 265-284. Tsoi, J. (2007) Stakeholders perceptions and future scenarios to improve corporate social responsibility in Hong Kong and Mainland China, Journal of Business Ethics, pp. 1-14. The main reason for selecting these two papers is that they both report upon the area of corporate social responsibility, which is the focus of my PhD. Within the field of corporate social responsibility (CSR), there has been considerable research discussing the relationship between values and perception with the attitude/behaviour of businesses towards CSR. These values are considered quantifiable and thus have been measured quantitatively using scales developed by authors such as Forsyth (1980), Singhapakdi et al.(1996), and Vitell and Patwardhan (2008). Interviews have been used to bring forward the values that are deemed important by stakeholders, and were explored qualitatively by Fukukawa and Teramoto (2009), Siltaoja (2006), and Là ¤hdesmà ¤ki and Siltaoja (2009). The two papers selected both looked at cross-cultural values and perceptions, however, they utilise different methods of investigation. This difference could provide a good basis for comparison, in terms of philosophical assumptions, research design, and the method of data collection. The analyses will begin for each paper with an introduction of the research aims, followed by the epistemological and ontological position, the research design, followed by analysis of its research methodology, the alternative research design and lastly, conclusions from this discussion will be provided. Chapter 2 Review of Quantitative Research paper 2.1 Research Objectives This study by Shafer, Fukukawa and Lee (2007) examined the values and the perceived importance of ethics and social responsibility on managers from China and the U.S. The authors used scales instruments to obtain quantitative data in order to make inferences on whether the managers nationality and personal values have effect on their ethical perception. The American and Chinese managers are assumed to differ in their personal values and subsequently this should be reflected from their responses to the â€Å"Perceived Role of Ethics and Social Responsibility† (PRESOR) scale. The authors provided the relevant background information and built up the reasoning for their hypotheses. The first hypothesis was that managers from China would believe less strongly than American managers in the importance of ethically and socially responsible conduct to achieve organisational success. The second hypothesis was that both American and Chinese managers personal values are believed to have significant impact on the responses to the scale. These hypotheses seem to correlate strongly with the research objectives which are to determine that there is variation in response due to cultural differences. 2.2 Epistemological and Ontological Assumptions It is likely that the authors based their research on moral philosophy which â€Å"refers in particular to the principles of rules that people use to decide what is right or wrong† (Ferrell, Fraedrich and Ferrell, 2005:19). This paper seems to indicate that the principles of rules of managers of different cultures are likely to differ and thus ethical decision-making would vary. The authors provided examples of other empirical research to support this notion. The assumption that personal values can influence ethical decisions shows that the research is likely to infer an ontological assumption of realist, whereby reality is seen to have an existence independent of the activities of the human observer (Blaikie, 2007:13). As the research strives to compare values and perceptions, these elements are thought to be measurable and quantifiable; seemingly leaning towards the empiricism position in which the key idea is that knowledge comes from observing the world (Blaikie, 2007:19). The authors employed deductive research whereby the â€Å"hypotheses formed are tested to determine if the statements can be supported† (Sekaran, 2003:31), which is a typical research approach of empiricists. Taking possibly the stance of positivists, these values are assumed measureable, and are thus thought to form the social reality that these values affect the perception of corporate social responsibility amongst the managers from these two countries. 2.3 Research Design The intention is to establish the differences in personal values, by using large quantities of data, which would be representative of the overall population of American and Chinese managers. This suggests that there are two assumptions, that values are measureable and that it is possible to generalise the population from the sample. In order to generalise, a considerably large amount of data is required, thus a survey research instrument was employed. The PRESOR scale developed by Singhapakdi et al. (1995) was used. The reasons that the PRESOR scale was chosen over the cultural dimensions formed by Hofstede (2001) were argued; examples of the latter in other research were shown to be inconsistent and inconclusive in its directional impact, thus making theoretical predictions difficult. The use of PRESOR scale in other research was exemplified and seemed to have established the reliability of its measurement. The PRESOR scale was explained further in the introduction of the paper. Thirteen out of sixteen original items were selected and the authors justified this by stating that only these thirteen items had significant factor loadings in the Singhapakdi, Scott and Franke (1999:25) study. These items were grouped into two categories; the Stockholder and the Stakeholder views. The Stakeholder View reflects the importance of ethics and social responsibility to organisational survival and success, whilst the Stockholder view indicates that organisational success depends on more than just profitability and obligations to the stockholders (Axinn et al., 2004:104) In the methodology section, the Schwartz value instrument and a demographic questionnaire were mentioned as being used together with the PRESOR scale. There was little mention of the reasons the Schwartz scale was used and how it was applied. It was only later in the appendix that the items considered in the Schwartz scale was provided in details. A clearer explanation could have improved the clarity of the paper. The research design employed the use of two research instruments (PRESOR scale and Schwartz value instrument) as means for data collection. The sample of practising managers from the two different countries was given the same survey to complete, thus the responses could be compared on that basis. The results from the analyses were then compared against the hypotheses formed, affirming or not affirming the hypotheses. This process is typical of the deductive approach (Blaikie, 2007:70). 2.4 Data Collection The sample consisted of 311 practising managers, enrolled part time in selective MBA programmes in the U.S. and China. The participation was voluntary and the scales were completed as an in-class exercise. The authors acknowledged potential problems from this sample selection. The first is that, although the MBA programmes in these two countries appear to be comparable, the sample may have confounded the effects of national differences and MBA programme differences. Secondly, the sample was not randomly selected as the authors had asked their students to complete the scales in-class. The authors did not provide further justification for these two problems and thus this is believed to have weakened the external validity of this investigation (Bryman and Bell, 2007:204). Aside from this comment from the authors, there was very little mention of the validity of the measurement which makes it difficult to make further discussion on this. The basis of their selectivity and the criteria in which these programmes were said to be comparable, were also not provided in details. The details of its comparability may have helped clarify and strengthen the validity of the selection criteria, as well as making the paper more understandable. Considering the objectives of the research, in which the authors seem to be looking at making generalisations on the affect of personal values, there is a need to collect large quantities of data. The survey method seems to be appropriate as surveys are easy to distribute to large number of people and costs can be kept to a minimum (Bryman and Bell, 2007:195). This relates to external validity, which is â€Å"about generalisability of results beyond the focal study† (Easterby-Smith et al., 2008:87). In this paper, external validity was not discussed; however, it is likely that the results are meant to be applicable for the context of China and the U.S. only. The authors stated the limitation of which the participants can not be assumed as representative of the broader populations of managers in these two countries, due to the fact that the MBA programmes were selective in nature. The research took consideration of the possibility that the age and experience differences of their sample might affect the results, and thus these factors were examined for significance. The scale was translated to Mandarin Chinese and later back-translated with resolution of discrepancies, to take account of the language difference. These examples seem to reflect on the effort of the authors in ensuring that the results are not significantly affected by other variables. In order to test the dimensionality of the PRESOR scale, a principal components factor analysis with varimax rotation and Kaiser normalisation was applied. This is typical of a quantitative study where factor analysis is usually applied as part of the research design. In terms of research replication, this research had provided considerable amount of information which would possibly allow other researchers to perform similar research. The items from the two views (Stockholder and Stakeholder) of the PRESOR scale were provided in details. In addition, the authors also mentioned the calculation method used, such as the use of mean values and the Univariate Analysis of Covariance models (ANCOVA). The only exception would probably be the PRESOR scale itself, whereby the questions that were asked and the choice answers were not explicitly given, which might mean that future researchers might find it difficult to replicate the research and might even have to approach the authors or Singhapakdi who developed the scale. 2.5 Alternative Method The authors mentioned that more in-depth examination using qualitative design of investigation such as interviews would perhaps be more revealing. It is agreed that qualitative measure would allow insights into the importance of ethics to managers, and the various ethical issues that managers prioritise. The researchers are more likely to obtain a richer data of the decision-making process of managers, at the same time; they would be able to achieve the research objectives. The researchers can make use of semi-structured type interview which will allow better control of what questions need to be asked, and to ensure that the objectives of the interview are achieved as well (Bryman and Bell, 2007:474), if time and costs are constraints. There are also other alternatives methods to obtain qualitative data that would have fit this research, such as the use of focus groups. Focus group interviews allow researchers to observe the behaviour of the American and Chinese managers as they interact with each other. It would be possible to see the differences in reaction to ethical issues much more clearly, when these managers are given, for example, the same ethical dilemma, and they are required to rationalise the problem and come up with solutions. This method might be more useful than questionnaire surveys, particularly in that the values of the American and Chinese managers could be brought out through the way they respond and react to ethical problems, the problem-rationalisation process, and the degree of attention paid on a particular problem. Similar to the interview method, this would be considerably more costly to conduct, and it might even be more costly than doing interviews, however, the researchers would gain no t only in achieving the research objectives but they would also attain a better understanding of the effects of personal values in ethical decision-making. However, if the goal was only to establish that perception of CSR differs between diverse cultures, the research design would have fit the purpose. This is because the data collection strategy used (questionnaire survey), allowed the authors to obtain considerably response for generalisation. A questionnaire survey would also have been more cost-efficient and less time consuming, especially for cross-cultural studies. Chapter 3 Review of Qualitative Research paper 3.1 Research Objectives In this second paper, this qualitative study aims to make apparent the perceptions and views of the future scenarios from stakeholders within the garment industry in Hong Kong and Mainland China. The underlying intention was to seek consensus and common ground, on a local and regional level to help companies develop an appropriate CSR strategy, to improve the state of corporate social responsibility and in the long run, to achieve sustainability in the region. The main objective was stated as â€Å"by engaging with major stakeholders, to identify the local and regional supply chain stakeholders perceptions and expectations† (Tsoi, 2007:1). Typical of a qualitative study, generalisation is often not the objective of the study (Bryman and Bell, 2007:410). This is apparent from this study as the author had mentioned that the sample may not be sufficient for generalisation for the entire garment industry, however, it is â€Å"relevant to garment businesses involved in export-orientated activities† (Tsoi, 2007:1). Tsoi (2007) used an inductive approach to identify the perceptions of stakeholders by conducting interviews. 3.2 Epistemological and Ontological Assumptions Although the author did not indicate the philosophical assumptions behind this study, the author implied that by identifying the stakeholders perception, â€Å"the findings would help in building consensus, strengthening the implementation, and establishing future CSR framework†. This suggests that the author has an ontological position of constructionism, which asserts that social phenomena and their meanings are continually being accomplished by social actors, implying that there exists social interaction and that there is a constant state of revision of the social phenomena (Bryman and Bell, 2007:23). In this case study, the social reality of what is happening in the garment industry, in terms of its corporate social responsibility, is a social reality that was formed by the stakeholders. It suggests that the social phenomena (condition of CSR) can undergo changes, and that it is dependent on the activities of the social actors. The views of the social actors are thought to be indicative of the important issues in corporate social responsibility, within the garment industry. This form of research is consistent with the research paradigm of the interpretivist position, as the basis of the research is that the study of the phenomena requires an understanding of the social world that social actors have constructed and which they reproduced through their continuing activities (Blaikie, 2007:124). In this instance, the stakeholders are the social actors who will continually interpret and reinterpreting their social world which can be the garment industry. The social phenomenon that the author is investigating is the current state and the future of the corporate social responsibility in Hong Kong and Mainland China. The future conception of CSR in these two places is related to phenomenology, whereby, it concerns with the question of how individuals make sense of the world around them (Bryman and Bell, 2007:18). In this case, it can be viewed as the way stakeholders make sense of the state of corporate responsibility in the region. 3.3 Research Design The author relied on a qualitative method, specifically, the face-to-face semi-structured interview, which indicates the leanings of the author in â€Å"conducting a naturalistic inquiry in real-world rather than experimental or manipulated settings† (Ritchie and Lewis, 2003:4). For qualitative studies, semi-structured and unstructured interviews are commonly used as they provide rich, detailed answers and taps into the interviewees point of view (Bryman and Bell, 2007:474). As the focal source of data was the stakeholders themselves in this study, this seems to infer that the research design is based on the interpretivist view that the â€Å"social phenomena can only be understood and be investigated from the inside† (Blaikie, 2007:125). The author identified major stakeholders possibly with stakeholder theory, stating the assumption â€Å"that multinationals see stakeholder consultation and management as an important communication tool in identifying and interpreting the needs of salient stakeholders† and as such would enable â€Å"the development of a common language for CSR and subsequently the development of proactive CSR strategies†. This correlates with the stakeholder approach of Wheeler et al. (2003:19) who stated that â€Å"value creation at the highest level requires an ability to build value-based networks where all stakeholders see merit in their association with and support for a business†. In this instance, it is likely that the stakeholders were deemed to be important in the future direction of CSR in the region, and this was the reason that stakeholders were chosen as source of data. The author mentioned that these interviews conducted in 2004 and 2005 may no longer be relevant, since there were major developments in 2008. This might have made the interviews slightly outdated however; there should not be many changes to the overall aims of the stakeholders and thus the outcomes of this research would remain valid. However, as an alternative, the author could have applied longitudinal design which â€Å"represents a distinct form of research design than is typically used to map change in business and management research† (Bryman and Bell, 2007:60). The longitudinal design would not only serve the purpose of this study, but it would also allow insights into the factors that cause change to the perception. With this sample, it is possible to use cohort study, whereby â€Å"the cohort is made up of people who share a certain characteristics† (Bryman and Bell, 2007:61), since the stakeholders have a stake in the garment industry. However, longitudinal re search may require a lot more preparation, could be time-consuming and thus it could be more costly. 3.4 Data Collection With regards to the methodology, the interview questions that were used for this research was not provided. As this was a semi-structured interview, it would have been useful if the author had provided general information on how the questions were formed, and the structure of the interview questions as this would provide an indication of the depth of the interviews, and hence the validity of the research design. For the sample, 25 representatives from academia, the business organisations, the non-government organisations, trade association, and government officials were identified. The response rate was 84%, in which 21 out of a total of 25 representatives of these organisations agreed to be interviewed. It was mentioned that the reason for such a high response rate, was that the author had contacted the interviewees on a one-to-one basis. Furthermore, the interviewees were also guaranteed anonymity. The sample, thus, appears to be extensive and is representative of the various stakeholders that are vital in the garment industry. 3.5 Alternative Method The intention was that the â€Å"findings would help in building consensus, strengthening the implementation and establishing the future CSR framework† (Tsoi, 2007:1). The author might have meant that having collected all the different views from these stakeholders, the author would be able to determine the consensus of how CSR should be developed and how CSR should be like in the future. However, it is doubtful that a consensus could have been obtained using this method of analysis. The interviewees, although were representative of the garment industry, each one a vital stakeholder, there was no real interaction between these stakeholders, and thus, the consensus that is meant is only based on the researchers understanding from the interviewees responses. Stakeholders are thought to be able to reach a better compromise through discourse, with different sides arguing for the validity of their point as well as ensuring that the interests of the group or association that they re present are taken account of (Bryman and Bell, 2007:511). While it is understandable, that there is a strong possibility that it could be costly to get all the interviewees to sit together through a discourse, nevertheless there are alternatives which might be more useful for the purpose of this investigation, given that the objective is to reach a consensus amongst the stakeholders. With this reasoning, the research design could improve by firstly conveying the findings of the interviews to all of the stakeholders interviewed, and follow up with another interview to see if there were changes to their views. Alternatively, the author could use the method of focus group interviews. With this method, Merton et al. (1956) (in Bryman and Bell, 2007:511) stated that the â€Å"accent is upon interaction within the group and the joint construction of meaning†. Focus group interviews could provide a platform for the interviewees to interact and to establish a joint construction of what it means to strengthen CSR and also determine what future scenarios should and could be like. With regards to selecting a suitable size for the focus group, it is recommended by Bryman and Bell (2007:517) that the typical group size should be six to ten members, whilst Sekaran (2003:220) recommends a size of eight to twelve members. The reason that the focus group interview method was recommended was that the interviewees would be encouraged to express their opinions argumentatively, which would then allow the researcher to gauge the degree of importance of certain issues and how much flexibility the interv iewees might have to reach a compromise with others. There are of course possible pitfalls using the focus group method, in that some interviewees might be dominant over others, and thus the opinions of those less dominant might not be heard, but these effects can be reduced to a minimum level by having a good moderator (in Bryman and Bell, 2007:511). The one-to-one interview method could still be more advantageous compared with the focus group interview, as the time and monetary costs of conducting a one-to-one interview would probably be considerably less and thus be more manageable especially if there was only one researcher, as was with this case study. In this case study, it seemed that a quantitative design would actually be difficult to apply, and it would also be inappropriate for an investigation on the perception of CSR as a business concern. Taking the example of using a questionnaire survey with closed-ended questions, it is very likely that the respondents would answer that they are very concerned about CSR, as that might be perceived as the correct response, thus creating social desirability bias to the results. Furthermore, with a questionnaire survey, the researcher would not be able to pin-point all the various future scenarios for CSR in Hong Kong and Mainland China, even if it was possible, the list of future scenarios might be too long to be practically manageable. Another issue would be that in making assumptions of the future scenarios that are deemed significant to the stakeholders, it would be problematic as the researcher might risk missing out relevant information. Therefore, it would be difficult, from these r easons, that a quantitative design would not be suitable for such a case study. Chapter 4 Conclusions In summary, the two papers reflect significant differences in their research approach. This was seen through the objectives of the research, the underlying assumptions of the research philosophy and the conceptualisation of research design and the data collection. There is certainly much to learn from these two research papers, both had given valuable information on the differences between quantitative and qualitative methods, as well as offer guidance on the selection of research method and how to go about utilising these methods. The research designs, as shown in these papers, are dependent of the research objectives and the designs are also influenced by the epistemological and ontological assumptions made. Even though the philosophical positions of the researchers were not made explicit, however, the likely positions can be assumed. These papers have also shown that the advantages and the disadvantages of the different methods of investigation, and they need to be considered to e nsure that the best method is chosen for the purpose of the research. In these two papers, the method of investigation is distinct, one was a qualitative study and the other was a quantitative study, however, this does not necessarily mean that a mixed method of investigation can not be used. In fact, (Bryman and Bell, 2007:646) suggested that triangulation can be applied, in which â€Å"the results of an investigation employing a method associated with one research strategy are cross-checked against the results of using a method associated with the other research strategy†.

quotes :: essays research papers

The world is a puzzle and we're two pieces that fit perfectly together. Within you, I lose myself, without you, I find myself, searching to be lost again Love is like an hourglass with the heart filling up as the brain empties Immature love says: "I love you because I need you." Mature love says: "I need you because I love you." I don't need to be wanted, I want to be needed. Love is when you've ran out of excuses for hating someone. When a young man complains that a young woman has no heart, it is a pretty sure sign that she has his Love is like pizza, when it's good, it's really good. When it's bad, It's still pretty good. Absence sharpens love, but presence strengthens it Devil, don't you know you are as beautiful as an Angel? G. Leopardi In any relationship in which two people become one, the end result is two half people If you're sweet and sincere, I'll call you my dear. If you're kind and funny, I'll call you my honey. If you're caring and smart, I'll call you my sweetheart. If you posess all of the above, then you are my true love. It's easy to fall in love, but it's hard to find someone to catch you Im sweet like suger, soft like suade, but unlike nintendo i never get played Why shed tears in the pond of life when you can make a splash? Thou art to me a delicious torment. My heart is ever at your service Kiss me and you will see stars; love me and I will give them to you. Bitterness imprisons life; love releases it. Bitterness paralyzes life; love empowers it. Bitterness sours life; love sweetens it. Bitterness sickens life; love heals it. Bitterness blinds life; love anoints its eyes. It is impossible to repent of love. The sin of love does not exist. I'm in the mood for love Simply because you're near me. Funny, but when you're near me I'm in the mood for love. A kiss is something you cannot give without taking and cannot take without giving. "Where should one use perfume?" a young woman asked. "Wherever one wants to be kissed," I said.-- Coco Chanel Where one drop of blood drains a castle of life, so one kiss can bring it alive again. Some people grumble because roses have thorns. I am thankful that thorns have roses. We are each of us angels with only one wing. And we can only fly embracing each other

Cookies and Internet Privacy :: Internet Private Cookies Essays

Cookies and Internet Privacy What is a Cookie? â€Å"Netscape's Client Side State definition:Cookies are a general mechanism which server side connections (such as CGI scripts) can use to both store and retrieve information on the client side of the connection. The addition of a simple, persistent, client-side state significantly extends the capabilities of Web-based client/server applications.†Kington, Andy, Andy’s HTTP Cookie Notes, Available from http://www.illuminatus.com/cookie_pages/ [modified 6 June 1997, cited 14 March, 1999] In English, this means that webservers can create web pages that will customize from user to user. By saving these preferences on your computer, the web page can reload appearing to your chosen options. This is accomplished by retrieving the cookie, through your browser, when you access the web page. Where cookies and privacy clash The problem with privacy begins with the cookie revealing personal information that you do not wish to be available. â€Å"Your browser is probably revealing more than you might want: which computer you are coming from, what software and hardware you are using, details of the link you clicked on, and possibly even your email address.† Junkbusters, How Web Servers' Cookies Threaten Your Privacy, [Online], Available from http://www.junkbusters.com/ht/en/cookies.html, [written 11 December, 1998, cited 14 March, 1999] By receiving this information, the webservers could sell it as part of an advertising database resulting in both electronic and paper junk mail. Legislative action has been enacted to curtail the illegal use of personal information. "The WWW offers a wide variety of communication, information and interaction. Cookies provide for necessary customization. But the Internet is not outside the law. Existing regulations, targeted at protecting personal information, limit the use and application of cookies. Current cookie usage violates such norms. Content providers continuing to use cookies that violate these regulations and browser producers unwilling or incapable of bringing their products into accordance with these laws both risk legal liability. It should be their concern to avoid legal action; and it should be our concern to safeguard our privacy." Mayer-Schoenberger, Viktor, "The Internet and Privacy Legislation: Cookies for a Treat? ", West Virginia Journal of Law and Technology, [journal online], Available from http://www.wvjolt.wvu.edu/wvjolt/current/issue1/articles/mayer/mayer.htm, [cited 14 March, 1999] Another possibility of potential privacy violition is cookies retreiving information from other locations on your hard drive. â€Å"The safety of personal information stored on the user's hard drive has also been of concern in the cookie debate.

Sundiata War

Victor Arndt Dr. Black World History Due 20th October, 2008 Sundiata and War In Sundiata: an Epic of Old Mali we learned that war is a necessity in certain cases. War is sometimes required to defend the home or way of life. When people feel threatened, they will rise up and defend themselves. War can result in death and destruction of properties. In some cases, war is used by an aggressor to capture resources. War is also used to affect justice. The King Soumaoro was a vindictive king. He had so much power and authority that people thought they could not escape his power. He made his people fear him. Those who did not obey or fear him were brutally killed. As quoted from Sundiata â€Å"But Soumaoro was an evil demon and his reign had produced nothing but bloodshed. †(Sundiata 41). One thing the king greatly enjoyed was to publicly flog poor vulnerable old men. The king had no compassion towards his people and enjoyed seeing others suffer. His people did not appreciate being humiliated, mistreated or taken advantage of. People would soon revolt against their king. King Soumaoro took women from surrounding areas and put them in a village to have his way with them. He had defiled every family and everywhere in the vast empire there were villages populated by girls whom he had forcibly abducted from their families without marrying them. †(Sundiata, 41). The king was considered to be untouchable and had the ability do what he pleased. Having these women was not enough for Soumaoro, he had to have his own nephew, Fakoli Koroma's wife. He locked her up and had his way with her whenever he pleased. This made his nephew very irate and caused him to turn his back on him and go to war against Soumaoro. Since you are not ashamed to commit incest by taking my wife, I am freed from all ties with you from this day forward. Henceforth I shall be on the side of your enemies. † (Sundiata, 42). This is one reason why people would go to war against each other. Most men are very protective of their women. The idea of another man having his wife or daughter locked up to have his way with her caused conflict. Sundiata was an intelligent and thoughtful leader, and a strong warrior. He used the element of surprise against his enemy. The Sossos were surprised by the attack of Sundiata which resulted in a quick battle. Sundiata knew that he could not allow Soumaoro any amount of time to attack Tabon. â€Å"We must not allow Soumaoro the time to attack Tabon. † (Sundiata, 49) He knew he had to seize the moment. This was a very smart move on Sundiata’s part because he knew that he did not have much time before more lives would be lost and possibly another kingdom. Sundiata and Soumaoro met and the battle of Negueboria begun. The audience was introduced to the types of weapons used. There were soldiers on horses, with swords and spears. Soldiers from surrounding areas would also come and join in the battle. Among them were ground soldiers and skilled archers, who played an important role in war. Tactics were the same as most armies of the time. The archers fired arrows into the enemy until the cavalry or ground soldiers reached who them. War was fought hand to hand, sword to sword, and face to face. There are also parts of the story that depicted Soumaoro as a mythological person or creature. It was said that a sword â€Å"bounces off his chest like a rock that fell to the ground. â€Å" (Sundiata, 52). This is definitely not true, but the griot tells it this way to show how people thought of Soumaoro’s power and strength. Due to how Soumaoro had treated his people, the surrounding villages welcomed Sundiata and were more than willing to fight by his side. â€Å"Side villages opened their gates to Sundiata. In all of these villages Sundiata recruited soldiers. †(Sundiata, 54). Sundiata also had reinforcements from all the rebellious kings of the savanna country. Fakoli had gone south to recruit more troops. The people were not only fighting for pride, they were fighting for their families because Soumaoro had either taken or abused them in public. Sundiata knew it was time for justice and peace. Before the battle of Krina, Sundiata and Soumaoro would send owls back and forth to communicate their reasons for war. The two of them sending owls back and forth is not true. However, this proves that people had to tell their reasons for war, before they began fighting. The king or person was not to rage war against someone for no reason, like Soumaoro had done to so many others. In the battle of Krina, justice and peace prevail. Soumaoro finally got what he deserved, for all the wrong and evil doings. Sundiata, while with Fakoli by his side, fired and killed Soumaoro with a cock spear. â€Å"The one was avenging his humiliated country while the other was prompted by the love of a wife. (Sundiata, 66). This shows the love that Sundiata had for his people by risking his own life for their happiness. As seen in Sundiata, war was used as a means of bringing peace and justice to the kingdom. Sundiata protected the people by going to war with Soumaoro. Soumaoro mistreated and took advantage of the poor commoners. The king would steal their women, take goods, and tax heavily. Krina was a battle Sundiata inflicted upon Soumaoro, because of the things he was doing to his people and his kingdom. These events portrayed how and why war was brought upon a person or kingdom in a West African society. Justice was served when Sundiata claimed what was finally his, the throne. Conflict was resolved when all of the women and young girls were set free from captivity. Peace would reign after the city was destroyed. These events demonstrate what happens when people are abused, mistreated, and humiliated. Many people lost their lives and families, but this was the price to pay for freedom, love, and happiness.