My Name is Seepeetza by Shirley Sterling Free Essay Example, 1750 words

Sterling provides various instances starting from the beginning of the story, which showcases how Seepeetza fights back throughout her stay at the residential school and overcomes the oppressive authoritarian system as well as the racist evils of the school. The primary theme of the novel is racism and how aboriginal children were treated at a time that believed in the superiority of the white race. Humans are all actually kindred spirits who live through the external bodies attributed to them by the Supreme Being. Thus, these spirits are supposed to recognize each other through their hearts and not through their eyes. However, during those time periods, it was the color of the person that determined how the society perceived him or her, and it is this perception that determined how the individual was to be treated. The saga of Seepeetza, presented in a diary form, with all its little diary entries shows exactly how even children were not exempted from the cruel constructs of the so ciety based upon race, and how they had to lead their lives under scrutiny and ridicule of the authorities in the residential schools. We will write a custom essay sample on My Name is Seepeetza by Shirley Sterling or any topic specifically for you Only $17.96 $11.86/page

Pre and Post Reconstruction Period †Politics, Economic...

History 2301-SA01 – United States History to 1877 Instructor: 18 July 2011 Pre and Post Reconstruction Period – Politics, Economic and Social Effects This research paper is intended to explain in general terms some of the political, economics and social effects America dealt with during the Pre and Post Reconstruction Period. During the last years of the Civil War, as Union forces moved closer to victory and millions of former slaves became free, Americans began to think about how to reconcile the splintered parts of the nation and were immediately faced with a series of complex questions that required some resolutions. Some issues raised were: a) How would the former states of the Confederacy be integrated back†¦show more content†¦These measures represented a substantial departure from the system of the old South; yet few reforming politicians were not able to go as far and to have as much effect as they intended. In addition, white Southern Republicans, who outnumbered their black colleagues, gave only â€Å"window dressing† like support to black civil rights, preferring to court Southern Democrats through moderation on racial issues (Forner 364-411). Although, the Radical Reconstruction efforts were intended to redirect the southern economy, to provide for social mobility and to halt the return to the old plantation system. Ultimately, however, these policies intensified the Souths dependence on cotton as a cash crop and solidified the class divisions in southern society. Condemning Andrew Johnson and early presidential Reconstruction, Radical Republicans hoped to reshape the South into a land of industry and diversified agriculture. To these ends, Republicans poured massive amounts of money into the South to build railways, create infrastructure and develop improved cultivation methods. Ironically, these improvements bolstered the strength of the plantation system and swelled the ranks of the economically exploited lower classes. Railways allowed for the extension of cotton plantations into the upcountry and further west, onto lands occupied by subsistence farmers. Furthermore, new technology and the increasing efficiencyShow MoreRelatedWhat Does The Presence Of Different Sectarian Groups ( Christian, Sunni, Shiite?2331 Words   |  10 Pages How does the pre sence of three different sectarian groups (Christian, Sunni, Shiite) affect the political, economic, and social stability of a nation is an interdisciplinary research question because it seeks to understand the relationship between the economics and its key insights while examining the political environment can led to conflict and how that conflict was exacerbated by the involvement of many different cultural sects. 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Human Population Impacts on Global Wildfire Emissions

Question: Explain about the Human Population Impacts on Global Wildfire Emissions. Answer: According to the question, the functional form used for the institution of the graph for all countries is best suited with the help of linear, exponential form in which two variables are concerned, one is dependent, and other is independent. Here, the dependent variable is Global Carbon Fossil Fuel Emissions (FF) taken in million metric tons carbon and independent variables taken are fossil fuel carbon emissions in different countries such as China, USA, India, Russia, Japan and Germany. However, to fit the best trend line, the dependent variable is converted to log form. The equation followed for the graph is Log Y = + 1X1 + 2X2 + 3X3 + 4X4 + 5X5 + 6X6 + Ɇº (Log - Linear Form: On Semilog axis) (Gujarati 2014). The results are carried out using Excel. The graph fitted is depicted in Figure 1. Figure 1 Fossil Fuel (FF)-based carbon emissions plot The problem illustrated to state that the there is slightest changes in Mauna Loa (land) values, but not much can be experienced in the seasonal variations of Antarctica as referring to values. However, the land has more carbon emissions than water body due to increased levels of greenhouse gasses (Muradov 2014, pp. 43-77). Figure 2 Seasonal Variations Of Mauna Loa According to the question, the results show an increasing rate of carbon emissions on Mauna Loa and Antarctica. The growth rates individually calculated show a fluctuating trend. Nevertheless, the trends were first calculated by averaging the yearly ppmv value and later the growth rate was computed. However, the fluctuation is shown on an increasing trend. The graph illustrating the trend is depicted in Figure 3. Figure 3 Atmospheric Growth Rate The carbon sinks for every year are computed by subtracting the sequestered land and ocean from the annual total of fossil fuel and land use of carbon emissions. The steps that are used for calculation are: The annual total (fossil fuel +land use) is changed to PPMV value from metric million tons. The total of Mauna Loa and Antarctica value is even totaled The total value (Mauna Loa and Antarctica) subtracted from the total annual value of carbon emissions. Later, the growth rate is calculated in percentage. Figure 4 depicts the graph of the growth rate, which depicts the weakening of carbon emissions that is creating a climate change. Figure 4 Weakening of Carbon Sink On the other part of the question, the results depicted on the hypothesis of the decadal means, the different means for both annual data and total of Mauna Loa and Antarctica is calculated. The results depicted can be shown in Table 1 Total (Antarctica and ML) Total Annual PPMV (Fossil + Land) Mean 695.5860934 2889.866323 Variance 1971.789643 556970.9355 Observations 52 52 Hypothesized Mean Difference 0 df 51 t Stat -21.16460209 P(T=t) one-tail 3.23803E-27 t Critical one-tail 1.675284951 P(T=t) two-tail 6.47606E-27 t Critical two-tail 2.007583728 Table 1 Decadal Means The t value calculated shows the t statics to be insignificant as Antarctica, and Mauna Loa are a part of Total Annual Carbon Emissions data and does not influence in a sound pattern. However, though the p-value also states to be insignificant which states that there are huge differences in the variances of the two. If stated on decadal means, then the hypothesis is minimal, proves not to be aligned and does not support the average of the data. The various carbon emission scenarios are plotted in two different graphs in Figure 5 and Figure 6. Figure 5 Projected Emissions Figure 6 Corresponding CO2 Concentrations Discussions The global emissions since 50 years have been increasing due to the changes that are leading to increasing in greenhouse gasses and alterations of human activities both by the accumulation of fossil fuels for energy, transportation, industrial processes and land use changes. However, the global emissions are influencing the ability of natural sinks that are adding to the atmosphere with an increase in the industrial revolution. However, the CO2 emissions from fossil fuels are due to long and short term factors like changes in energy prices, technologies and seasonal temperatures. Largely, the transport emissions have been increased from 5% 1960 to 21% in 2011 (Muradov 2014, pp. 43-77). The mean magnitude of the carbon sinks depicts that the weakening growth rate of 50 years is 0.027%, which states that there is large variability if analyzed from year to year. The large change in the emissions is declining, and CO2 concentrations continue to increase because of expanding human population that continues to grow in urban areas and that is the reason for the change in climate pattern. However, the emissions will rise due to the risk of demographic change and CO2 fertilization leading to higher fuel loads continuity (Knorr, Jiang and Arneth 2016). Data Interpretation The current yearly increase is not steep for current periods due to rise in Mauna Loa of land use and fossil fuel emissions. However, the countries the countries that have lowered their carbon emissions are Germany and Russia followed by USA and Japan with the slightest change. Hence, these countries were part of Kyoto Protocol (Schnepf 2013). According to the CO2 interannual and decadal time, the emission is declining but the results from decadal times show less emissions from water than land use. However, according to the actual data, it showed a significant result. However, when analyzed on the robust growth, the fluctuations are long-term and continue to affect the growth per annual total of CO2 (land use and fossil fuel). The emissions scenario that has been more realistic one is the CO2 concentrations. According to the Figure 5 and 6, the stabilization process can be based on CO2 concentrations, which provides the ground for the basis for future projections. However, according to the projections, the emissions are projected to be higher in the future scenario. Nevertheless, the concentration level has increased since the 400ppmv concentrations of carbon on the different level of projections. References Gujarati, D., 2014.Econometrics by example. Palgrave Macmillan. Knorr, W., Jiang, L. and Arneth, A., 2016. Climate, CO 2 and human population impacts on global wildfire emissions.Biogeosciences,13(1), pp.267-282. Muradov, N., 2014. What Is So Unique About CO2?. InLiberating Energy from Carbon: Introduction to Decarbonization(pp. 43-77). Springer New York. Raupach, M.R., Gloor, M., Sarmiento, J.L., Canadell, J.G., Frlicher, T.L., Gasser, T., Houghton, R.A., Le Qur, C. and Trudinger, C.M., 2014. The declining uptake rate of atmospheric CO 2 by land and ocean sinks.Biogeosciences,11(13), pp.3453-3475. Schnepf, A., 2013. Soil carbon models used for Kyoto Protocol reporting.BELOWGROUND CARBON TURNOVER IN EUROPEAN FORESTS, p.12.

Name = Lukasz Cholodecki Essays - Eastern Bloc, Poland,

name = Lukasz Cholodecki email = [emailprotected] publish = yes subject = Modern European History 315 title = Solidarity: The Movement and It's Causes papers = Solidarity: The Movement and It's Causes History 315/515 Prof. Startt Essay #2 The Solidarity movement in Poland was one of the most dramatic developments in Eastern Europe during the Cold War. It was not a movement that began in 1980, but rather a continuation of a working class and Polish intelligentsia movement that began in 1956, and continued in two other risings, in 1970 and 1976. The most significant of these risings began in the shipyards of the 'Triple City', Gdansk, Sopot and Gdynia in 1970. The first and by far the most violent and bloody of the workers revolts came in June of 1956, when at least 75 people died in the industrial city of Poznan. The third uprising took place in 1976 with workers striking in Warsaw, and rioting in the city of Radom. What made the Solidarity movement peaceful and far more successful in comparison to that of the previous three? The Solidarity movement originated in the working class, but unlike the previous three risings it also worked with and was involved with the Polish intellectual community. Was this the reason behind its success? Or was it instead the result of the U.S.S.R. losing it's hold in the Eastern bloc, and the fledgling economy of Poland that made such a movement inevitable? While everyone of these points was a factor, the strongest and most compelling argument can be made for the unification and working together of Poland's most influential social classes, the Polish intelligentsia, the workers, and the Church. This strategy eventually led to the infamous 'roundtable' talks, and the collapse of communism itself in Poland. The Beginnings of a Movement The 'Polish October' of 1956 did not begin with Stalin's death in 1953, in fact Poland was quite calm, in stark contrast with other Eastern bloc countries. While demonstrations took place in Plzen, Czechoslovakia, and a revolt was taking place in East Germany in mid-June, Poland was slow to follow the 'New Course' that was being offered by neighboring countries. This was a result of a much slower relaxation than the other countries experienced. Regardless, social and intellectual unrest began building up, with collectivization being slackened and censorship showing cracks, the nation had a sense that a new start must be made. The Polish intelligentsia was one of the most important groups to emerge during this period. The Polish intelligentsia is, and remains, a distinct social class that is composed of those with a higher education, or those who at least share similar tastes. The Polish intelligentsia originates in the nineteenth-century, when Polish nobility moved to the cities to occupy itself with literature, art, and revolutionary politics, due to it's loss of estates and land. This distinct social group was feared and recognized by both Stalin and Hitler, 50 percent of Polish lawyers and doctors and 40 percent of Polish university professors where murdered in World War II. The reemergence of this group leading to the 'Polish October' is significant in that it would play a crucial role 25 years later. Unfortunately for Poland, the Polish intelligentsia and the working class often led separate uprisings, and had trouble connecting in the causes that they were fighting for. Many events and reasons, many similar to that of 1980 culminated to the uprisings in October, and the crackdown that followed. The focus has to be put primarily on the fact that it was only in part a workers rebellion, because the workers' movement in Poznan had no central structure or leadership. It was instead a rebellion of the intelligentsia, which was in a system that denied them access to the elite. The intelligentsia did not put both movements together, the different social classes were divided in what they wanted. It is incredulous that the intelligentsia did not look to make a concerted effort with the workers, as it would not do in 1970 or 1976. The New Power The following events were the prelude to 1980, and they are tragic. On the twelfth of December 1970, a series of unexpected price changes were announced. Consumer goods only rose a small percentage in price, but certain foods had huge price increases. Flour rose by sixteen percent, sugar rose by fourteen percent, and meat cost seventeen percent more. On the next morning three thousand workers from the Lenin shipyard at Gdansk marched on the provincial party headquarters. The workers were ordered back to work, the maddened workers incited a riot. With fires started and stones thrown, the city militia could not hold the masses back. On Tuesday, December fifteenth, the workers at the Paris

Jesus of Montreal free essay sample

Arcand, director of the film stated â€Å"Consumerism may be the legacy of the eighties but there has got to be more to life than that. Jesus of Montreal is about a yearning for something else, a search for a sort of meaning. † The film shows the effects of Hollywood on Canadian culture. This can be seen in a scene when a lawyer/agent tempts Daniel to risk his artistic strength in order to â€Å"possess the city,† and uses Ronald Reagan, as an example of Daniel’s prospects. The commercialization of culture is something that is seen as overtaking the human spirit, something that will lead to the destruction of society. In one of the final scenes, after Daniel has been wounded in an accident on set, he stumbles out of the hospital and begins to speak of the destruction of the city of Montreal, quoting from the Olivet Discourse. I think what he meant was that society is destroyed by humanity itself, in its desire for instant gratification, consumerism. We will write a custom essay sample on Jesus of Montreal or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This search for truth, for something beyond what the commercial culture says is all that is left. The meaning of Daniel’s death confirms the truth Daniel had to resist; that we cant survive in a world dominated by institutions, media, and consumption. We learn who â€Å"Jesus really was† as Daniel really starts to overlap with the role he’s playing. While we are told about Jesus’ origins, Daniel’s background is a compete mystery. We know less about his background than most characters. 2 The film tracks the life of Christ in several ways. The actor at the eginning, praised for his performance, turns and says that Daniel is a much better actor. This is a reference to John the Baptist as the herald of Christ. A woman producer says she wants the same actors head for her magazine, a reference to Herodias wanting John the Baptist dead. His head then appears in a poster ad in a subway where Daniel dies. Daniel overturns the equipment at the commercial shoo t, a reference to Christs cleansing of the temple. He is arrested and the indecisive judge cannot find anything wrong with him, a reference to Pilates judgment. A lawyer plans great things for Daniel and shows him the world from a skyscraper, a reference to the temptation in the desert. Finally, Daniel gives life to at least three people after his death when his organs are transplanted into a heart and eye patient, a reference to Christ as the redeemer. However, I concluded that the movie made us think that Jesus was just a product of his times. And I thought the main just of the film mainly gave us commentary on contemporary society; that we are on a path of self-consumption, and that the world â€Å"began without man and will end the same way. †

Essay about Bosnia

Essay about Bosnia Essay about Bosnia Essay about Bosnia: Topic Ideas If you need essay about Bosnia, you will find this article useful. We are online 24/7 to help you with writing any essay on any topic and within any deadline. If you are looking for help with writing college essay online or need professional custom writing service, do not hesitate to place an order at our site and get your paper written by professional and experienced essay writers! Here are some tips you may find useful for writing your essay about Bosnia. Introduction is the place to present your topic, formulate the purpose of writing, and state the scope of research Discussion section of your essay about Bosnia may include the historical roots of enmity of the Bosnian people. Analyze origin of crisis in Bosnia and Herzegovina. You can describe disintegration of Socialist Federal Republic Yugoslavia. You may show in your essay about Bosnia the first stage of peacemaking (August, 1991 - 1993): Z. Kutilero's plan. S. Vznsa's plan, D. Ouena's plan, etc. Give the reasons of failure of the first stage of peace-making initiates. Consider the second stage of peace-making process - the so-called plan of Contact group. Take into account the Dayton peace agreement: substantive provisions, agreement estimation, etc. Writing essay about Bosnia, review a role of the USA and NATO in the course of conflict settlement. You may need a guide to essay writing:. Essay about Bosnia: Sources of Data The sources which can be used in your essay about Bosnia can be classified as follows: - Official documents of the international organizations, such as the United Nations Organization, the International Tribunal across the former Yugoslavia; - Diplomatic documents, the internal political certificates including the departmental documentation, parliamentary reports, correspondence of officials; - Materials of statistical and auxiliary character; Essay about Bosnia: Custom Writing If you have neither time nor desire to write essay about Bosnia, you have an opportunity to take advantage of our custom college essay help. Our essay writers are experienced; our prices are affordable; and our services are 100% legit. We pay peculiar attention to the smallest details of your instruction and double-check essay about Bosnia for plagiarism. When you buy essay about Bosnia writing service at our site, you can be sure to get a custom written essay which meets all instruction points, is originally and properly referenced! You may also read great article on how to write favorite season essays and review academic tips on persuasive essay writing. Interesting posts: Custom Beowulf Essay Composition Essay Autobiographical Essays Synthesis Writing Steps How to Write a Book Report

European Community Business Law Essay Example | Topics and Well Written Essays - 2750 words

European Community Business Law - Essay Example The characteristics are unique and as such, the European foods with specific characteristics are only approved for production by producers who adhere fully to the traditional methods of production within a given demographic area. Essentially, the notion of PDO delineates that certain food names are protected based on geographic origin or the recipe utilized. Inherent in this notion are clear guidelines for naming the food products.1 First and foremost, PDO was instituted in 1993 as a direct result of legislation of the European Union. Under this legislation, there were clear and concise guidelines for the systematic naming of foods based on a protocol as defined by the European Union. Utilizing this systematic naming protocol, EU certifies regional and traditional foods whereby these foods are guaranteed to be authentic and to have originated from the alleged region. Under this system, foods or beverages registered through the EU are given legal protection against imitation along with the right to litigate to protect those rights2 In order for a product to be registered and the producers offered the rights that accompany registration, there must be a formal application made to the Department of environment, food and rural affairs (Defra). The application must be accompanied by supporting documentation which indicates that the food product is produced, processed and prepared within a geographic area and by virtue of this, the product has inherent characteristics that derive from the geographic area. The application is then examined by the staff of Defra and any pertinent questions may be raised and correspondence incited between the applicant and the Defra officials. If the application proves to have some merit after the Defra investigation, it is then passed on to the European Commission for further investigation. When the application reaches the European Commission, the Commission is afforded up to six months to determine the validity of the claim. In so doing, the Commission is free to seek the assistance o f the Scientific Committee which is established solely for this purpose. In offering assistance, the Scientific Committee can conduct tests and offer expert opinion with regards to the geographic origin of the product. If after consulting with the Scientific Committee, the Commission is satisfied that the product warrants PDO registration, a summary sheet of the product is published in the Official Journal of the European Community. At this point, the registration is open for objections for the next six months. If no objections are made, then the product is officially registered with the European Union and offered the status of PDO.3 This status affords the producers the following benefits: Legal protection throughout the European Union. This protection prevents the imitation of a PDO product and in cases where there is imitation, it offers litigious assistance. Increased awareness of the existence of the product and the potential to promote it both locally and throughout the European Union. Increased funding potential through the lure of public funds. Strategic product positioning at the high-end of the market. A larger customer base.4 Currently, there are twelve products which have attained the PDO designation. These products are Buxton Blue cheese, White stilton cheese - Blue stilton cheese and Dovedale cheese all of which are associated with the

Disease or Diseases that affect the Rabbit Case Study

Disease or Diseases that affect the Rabbit - Case Study Example In addition, by the time rabbits show signs of illnesses, their condition begins to deteriorate rapidly making it difficult for any intervention method. Therefore, for the majority of illnesses, many vets have stated that vaccination is one of the most ideal approaches. One of the most common diseases affecting rabbits are bacterial infections which lead to the formation of an abscess. This is usually an accumulation of pus with in a cavity that is located in the jaw area. However, it is not limited to this location and can be found on many different parts of the body. This disease is easily avoidable by reducing the fighting between rabbits and ensuring that they are not exposed to injury from sharp septic objects. Since prevention is not always possible the treatment may be required and this disease is easier to detect as it is visible on the rabbit. The abscess is lacerated and the wound is disinfected with peroxide (Meridith, 2003). Rabbits At times also suffer from caked milk production, which occurs when a rabbit has too much milk for the number of kittens. Therefore, this milk is not utilized and leads to this pathology as the ratio of breastfeeds does not correlate with that of milk production. The disease is often mistaken for mastitis as it has a fairly similar presentation. The rabbit’s mamillary glands will become hard, swollen and extremely painful. The disease can be prevented by reducing the amount of food tat is rationed daily which in turn reduces the amount of milk that is produced. This process has shown to yield excellent results within 7 days. There are also some other methods which are used for treatment and these include relieving of congestion by partially milking the rabbit and also massaging anti-inflammatory ointment around the affected breast area. This in turn will reduce the pain that is felt

Child Labor is a form of abuse Essay Example | Topics and Well Written Essays - 500 words

Child Labor is a form of abuse - Essay Example o hazardous circumstances, prevents them from furthering their intellectual growth, and burdens them with responsibilities which are supposed to be undertaken by their parents. Child labor is a form of abuse as it exposes an individual into hazardous circumstances where his or her health and even entire life is at stake. Whenever we hear of child labor, what comes to mind is a picture is a thin and dirty child working long-hours in the factory. However, it has been found out that the agriculture sector employs the highest percentage of children who actively participates in activities like weeding, plowing, and taking care of farm animals. Both work places, whether in the manufacturing or agricultural industry, threaten the physical condition of the employed child. In a research conducted by Ashagrie in 1997, 9% of children in the manufacturing sector reports injury due to their lack of capacity in operating equipments. In the same study, the agricultural sector records a higher 12%. Edmonds and Pavcnik (2005: 208) identifies the hazards in agricultural work: â€Å"Agriculture can be hazardous to for children because of exposure to dangerous chemicals such as herbicides and insecticides, exposure to heat or weather, repetitive work injuries and threats posed by animals, reptiles, insects, parasites and some plants.† Child labor hampers children from furthering their intellectual growth by robbing them of time spend inside the classrooms to be educated. Childhood is a very significant period in the intellectual development in an individual. However, being tied in different chores hinders children from getting proper schooling. Even if it is argued that child labor equips children with some skills, empirical evidences emphasize that it significantly robs children the opportunity to be educated. Children who spend more time in work activities have less time to spare to attend their classes. Furthermore, â€Å"time spent working takes away from study, play, and sleep and

Stock Options With Fixed Exercise Prices

Stock Options With Fixed Exercise Prices Table of Contents (Jump to) 1 Introduction 2 Fixed Price Options versus Indexed Options 3 Case for Indexed Options 3.1 Compensation for Relative rather than Absolute Performance 3.2 Protection of Managers during Market Downswings 3.3 Reduced Expected Costs 4 Case against Indexed Options 4.1 Unpredictability 4.2 Difficulty in Controlling Compensations 4.3 Larger Deadweight Costs. 4.4 Tax Treatment 4.5 Reluctance of Managers 5 Reasons for Choosing Alternatives of Indexed Options 5.1 Requirements of Firms 5.2 Sensitivity of Payoff 6 Empirical Evidence 7 Conclusion 8 References 1 Introduction The principal-agent problem has long been a matter of discussion within organisational institutions. As a matter of fact, the owners of a limited company normally elect a Board of Directors to control the business’s resources on their behalf. However, conflict arises among these managers and shareholders due to their different objectives. As owners, shareholders would want to maximise profits while managers may want to maximise sales, build empire buildings and enjoy perks. To align the interests of both stakeholders therefore, compensation of managers should be linked with the firm’s performance. One way to do this is the introduction of options: fixed price options and indexed options. Basically, an option is a financial derivative representing a contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date. An option, just like a stock or bond, is a security. Fixed price options and indexed options differ significantly from each other. For the purpose of this assignment, we will discuss how indexed options provide a better case compared to fixed price options. 2 Fixed Price Options versus Indexed Options Fixed price options whose exercise price is already agreed upon and will remain the same until expiration date. The option exercise price is usually set equal to the stock price at grant. When an executive is given a fixed price option as a means compensation, two situations can arise. If the share price rises above the exercise price, the executive gains. On the other hand, the executive receive absolutely nothing if there is a decrease in share price In contrast, an indexed option is a stock option whose exercise price is connected to a benchmark index, which may be a specific sector index or a broad market index. Indexed price options have unknown selling price when contract is being made, and the final price of the option depends on market status on the expiration date. A change in the absolute value of the share will have no effect unless thecompanyoutperformssomestatedindex suchastheSP500 or a group of peers. Then only, the optionwillbeexercised. 3 Case for Indexed Options 3.1 Compensation for Relative rather than Absolute Performance Fixed price options reward performance in absolute terms. If the share price increases, the executives are rewarded in spite of rising market trends being unconnected to managers’ performance. Executives are still rewarded if competitors’ or the market have performed better. Similarly, when the share price falls, no rewards are given even if the firm did better than its peers. On the other hand indexed options reward relative rather than absolute performance. Hence, executives do not enjoy windfall gains by luck in rising markets, but by their performance instead. Only if the company performs better than the market or its peers that the executives can cash in. The executives have therefore further incentives to deliver good performance. The example below gives a better idea of how indexed options actually reward relative performance. XYZ ltd.’s equity stock is currently selling for $100 per share when the market (benchmark) index is at a level of 1000. XYZ limited grants an option to its CEO which enables him to purchase an option consisting of 100000 shares at an exercise price of $100, but the same will move in line with the market in future. Taking a specific case, the CEO is given indexed options. The value of the option granted to the CEO under 4 various scenarios is shown in the table below. Value of Indexed Option under Indexed Options SHAREPRICE INDEX Rises Falls Outperforms the index Index: 1150 (by 15%) Exercise price: $115 (by 15%) Stock price: $120 (by 20%) Value of option: $500,000 Index:850 Exercise price: $85 (by 15%) Stock price: $90 (by 10%) Value of option: $500,000 Underperforms the index Index: 1150 (by 15%) Exercise price: $115 (by 15%) Stock price: $110 (by 10%) Value of option: $0 Index: 850 (by 15%) Exercise price: $85 (by 15%) Stock price: $80 (by 20%) Value of option: $0 Table 1 From Table1, indexed options only reward the CEO when the companies’ stock outperforms the market, even if indexes have increased or decreased. They have a fair way of rewarding CEOs; they do not reward under-performingexecutives nor do they penalize superior performers whenever the market index has increased or decreased in respective cases. This is a convenient way of keeping CEOs motivated and thus encourage them perform well in their duties of decision making for a company’s investment. In general, indexed options reward superior performance under all market conditions. However, if the same example is taken in the case of fixed price option, and that there is a 5% change in the share price, the scenarios will differ as follows: Value of Option under Fixed Price Options SHAREPRICE RISES Exercise price: $100 Share price: $105 (by 5%) Value of option : $500,000 EXERCISE OPTION FALLS Exercise price: $100 Share price: $95 (by 5%) Value of option: $0 NOT EXERCISE OPTION Table 2 As shown in Table 2, when the share price increases from $100 to $105, the option is exercised to the benefit of the manager. The latter receives a compensation of $ 500,000. In the reverse case, when the share price falls to $95, the shareholders gets no compensation. 3.2 Protection of Managers during Market Downswings In the case of fixed price options, executives are not rewarded when the market is declining because share prices are below the exercise price. However, indexed options can well reward managers in bearish markets as long as the decline in the company’s stock price is less steep than that of his peers. Indexed options reward better performers. 3.3 Reduced Expected Costs Traditional options plans reward employees as long as the share price is higher than the grant price. However, indexed options eliminates the possibility that managers can be compensated for share price movements that are unrelated to what they might have done. Thus it helps a firm to remove or lower undeserved compensations. A study by J. Angel and D. McCabe values that the expense of providing conventional options to executives at the 100 largest NYSE-listed companies is 41 percent more than the expense of providing options that take out market outcomes. The lower expected costs against future earnings of indexed options compared to fixed priced options can only be to the advantage of companies. 4 Case against Indexed Options The advantages of indexed options over fixed price options are flagrant in light of the above. However, the application of indexed options is still rare. They lag behind fixed price options in many ways. 4.1 Unpredictability Unlike indexed options, fixed price options brings predictability and certainty to a transaction due to the fixed exercise price. Through the characteristic of ‘all or nothing’, the manager will exercise, and therefore make money, if and only if the firm’s stock price is above the exercise price. 4.2 Difficulty in Controlling Compensations Budgeting and forecasting business costs are made easier using fixed value plans. They allow for firms to plan and control how much compensation to offer to employees. Retention risk, in particular concerning non- executive staff members, can be largely minimised when compensations are close to that offered by rival companies. Indexed options, on the other hand, can cause large discrepancies in compensations and the loss of key employees. 4.3 Larger Deadweight Costs An indexed option plan has a greater deadweight loss compared to a traditional option plan. This is because, with agency problems, where the interests of owners and managers do not always line up, there is the need to expose the managers to firm-specific risk to encourage a specific type of behaviour. However, this means that they are unable to diversify their portfolios to their full potential, exposing them to both systematic and unsystematic risks while compensating them only for the systematic portion of risk. Consequently, managers will always value their equity-based compensation at less than its market value. 4.4 Tax Treatment So as to obtain favourable tax treatments, a company can grant incentive stock options. However, according to the 1994 US Code, this entails that the option price should be less than the fair market value of the stock at the time such an option is granted. In this case, it implies that the option price be fixed on the grant date. 4.5 Reluctance of Managers Managers are unwilling to accept a compensation plan based on relative performance. This is because in the case of fixed price options, when the stock market performs well, they reap high rewards for stock price performance unrelated to their own efforts. Managers are reluctant to forego the potentially huge rewards conferred by the bull market, especially when they estimate that a downturn is less likely to occur in the stock market. 5 Reasons for Choosing Alternatives of Indexed Options Besides, it should be noted that indexed options are not suitable in all cases. Some reasons are illustrated below and the corresponding alternatives are also suggested. 5.1 Requirements of Firms Compensation systems have the following functions: to compensate managers for completed work, to reduce principal-agent costs by more closely aligning managers interests with those of shareholders, and to retain the manager. Compensation that accomplishes one of these functions successfully may not carry out the other functions of a compensation system as effectively. Stock options, for instance, serve to align incentives. However, a firm where incentive alignment is not that important, would not be keen to use stock or stock options to compensate its managers. It would rather use cash compensation Cash avoids the deadweight costs that accompany any equity-based compensation plan. 5.2 Sensitivity of Payoff Indexed options do not work as expected in practice. Instead, their payoff tends to be highly sensitive to market price movements. As the market increases, the value of the variable-exercise-price option increases too. For example, Lisa Meulbroek of Harvard Business School shows that the estimated value of an option indexed to the SP 500 rises by 15% if that stock index rises by 15%. Clearly, indexing does not even achieve its aim; separating the general market movements from the movements in the value of the option. An alternative design that rewards managers only for performance and not for that is due to overall gains in the market or industry can be considered. Instead of using the firm’s stock as an underlying asset, an alternative design employs a performance benchmarked portfolio. Under this proposed structure, the value of the portfolio changes to reflect the firm’s performance, net of market and industry effects, while the exercise price remains fixed. (Meulbroek, 2001). 6 Empirical Evidence A brief empirical review will determine whether relative performance is compensated in practice. We also explore if indexed options are indeed better than fixed price options. According to Gibbons and Murphy (1990), chief executive officers are compensated upon relative performance. It was found that there is a positive and significant relationship between the remunerations of CEOs and the firm performance, but an inverse and significant one with the industry and market performance. On the contrary, Bertrand and Mullainathan (1999) report that CEOs are remunerated for market-wide and industry movements that they perceive as luck. However firms that are better managed reward their CEOs less for such market movements compared to other firms. Sloan (1993)’s also found that CEO compensation depends on earnings so as to help separate market movements from the reward. With regard to the effectiveness of indexed options, in their works titled â€Å"Indexing Executive Compensation Contracts† in 2013, Ingolf Dittmann, Ernst Maug and Oliver G. Spalt gave empirical evidence that indexed options provide incentives at a higher cost than conventional options. 7 Conclusion In light of the above, it is observed that stock options with fixed exercise prices do not properly link managers’ performance to compensation since they relate to absolute and not relative performance reward. Indexed options have higher incentive advantages over the fixed price option since it takes into account the skills of the executives. It is also highlighted that indexed options result in a lower compensation costs than equivalent fixed price options. Nevertheless, the drawbacks and suitability of indexed options should not be ignored either. As a result, a firm is well advised to properly weigh the costs and benefits of indexed options before applying them. 8 References Angel, J. and McCabe, D. (2002). Market-adjusted options for executive compensation. Global Business and Economics Review, 4(1), pp.123. Bebchuk, L. and Fried, J. (2004). Pay without Performance, The Unfulfilled Promise of Executive Compensation, Part III: The Decoupling of Pay from Performance. 1st ed. [ebook] Harvard University Press, p.24. Available at: http://www.law.harvard.edu/faculty/bebchuk/pdfs/Performance-Part3.pdf [Accessed 25 Sep. 2014]. Bertrand, Marianne, and Sendhil Mullainathan, (1999), Are CEOs Rewarded for Luck? A Test of Performance Filtering, (Princeton University, Mimeograph). Chandra, P. (2007). FINANCIAL MANAGEMENT. 1st ed. New Delhi: Tata McGraw-Hill, pp.947- 949. Dittmann, I., Maug, E. and Spalt, O. (2013). Indexing executive compensation contracts. Review of Financial Studies, 26(12), pp.31823224. Gibbons, R. and Murphy, K. (1990). Relative performance evaluation for chief executive officers, Industrial and Labor Relations Review 43, 30-51 Meulbroek, L. (2000). Executive Compensation Using Relative-Performance-Based Options: Evaluating the Structure and Costs of Indexed Options. SSRN Journal, [online] 01-021. Available at: http://dx.doi.org/10.2139/ssrn.281028 [Accessed 21 Sep. 2014]. Mueller, D. (2012). The Oxford handbook of capitalism. 1st ed. Oxford: Oxford University Press, p.386. Schnusenberg, O. and McDaniel, W. (2000). HOW TO VALUE INDEXED EXECUTIVE STOCK OPTIONS. Journal of Financial and Strategic Decisions. Sloan, R. (1993). Accounting earnings and top executive compensation. Journal of accounting and Economics, 16(1), pp.55100. Stapledon, G. (2004). THE PAY FOR PERFORMANCE DILEMMA. 1st ed. [ebook] U of Melbourne Legal Studies Research Paper No. 83, p.6. Available at: http://www.pay-without-performance.com/Stapledon-Pay-for-Performance-Dilemma .pdf [Accessed 25 Sep. 2014]. Symes, S. (2014). Advantages Disadvantages of a Fixed-Price Contract. [online] Small Business Chron.com. Available at: http://smallbusiness.chron.com/advantages-disadvantages-fixedprice-contract-21066.html [Accessed 23 Sep. 2014].

Languages of Love

Love is something that you give away and it comes right back to you. Good evening everyone! Old or young, rich or poor, we all have a God-given yearning to love and be loved. However, due to the fallen world we live in, a lot of people nowadays would have a hard time at expressing their love to others. As a result, poor relationships are developed. But thankfully, all Is not lost! Have you heard of the â€Å"Five Languages of Love†? They are the means through which we can express or receive love.A proper understanding of these will greatly enhance our relationships. Today, allow me to share the top three love languages in my life. These are Gift-giving, Words of affirmation and Quality time. The first love language I learned, Gift-giving, was introduced by my parents while I was growing up. This, however, does not merely focus on the material value of the gift, but rather, on Its sentimental value to the giver. As much as I enjoy the tangible language of love, I also desire th e intangible ones: Words of affirmation and Quality mime.Some people may say that actions speak louder than words. But I for one believe that words do matter too. That Is the reason why Words of affirmation speaks to my heart as well. As I was brought up In a positive linguistic environment, It's easy for me to speak kind and encouraging words to others. Lastly, my most cherished of all the love languages is Quality time. This involves giving each other an undivided attention while performing any activity, or by simply Ewing at each other's side.What I love most about it is that, it provides a vessel for the memories of love in the years to come. To sum It up, understanding what kind of love language one speaks, Is the key to developing meaningful relationships. Be it with your family, friends, or special someone. Take note that aside from these three, the other two are Acts of service and Physical touch. Now that I know what my primary love languages are, don't you think it's about time you discovered yours?

Cultural diversity in professional comm Essay

While America fought World War II in Europe, riots broke out in the streets of Los Angeles targeting young Latinos. They strived for the same freedom enjoyed by whites, but were treated as poorly as African Americans of the era. In effect, they tried to disassociate themselves from this faction. Young Latino men referred to themselves as pachucos and sported oversize suits known as zoot suits. In the film Zoot Suit Riots, Joseph Tovares remarkably portrayed the difficult lives of Mexican Americans in the 1940s. Zoot Suit Riots is a powerful film that explores the complicated racial tensions, as well as the changing social and political scene leading up to the riots in the streets of Los Angeles in the summer of 1943. White Americans, police and service men targeted Latinos with their racist attitudes. Tovares argues that these Mexican American adolescents were victims, but they also stood up for themselves and fought back to gain the respect they felt they deserved. This generation of Americanized Latino children wanted to be recognized as American on their own terms. To distinguish themselves from their parents’ generation, they became zoot suitors, but learned that was not enough as racism was a widespread phenomenon across America. Tovares accurately portrays the lives of Mexican Americans victimized by highlighting the Sleepy Lagoon Case. To white Americans in Los Angeles, the murder was proof that Mexican American crime was spiraling out of control. Tovares, however, uses this as evidence to support that they were mistreated because the Mexican American suspects taken into custody all wore zoot suits. This reinforced the opinion white Americans had of Mexican Americans and their apprehension of men in zoot suits. He also interviewed both Mexican Americans and White Americans who lived during this event, even some participants in the riots. His use of oral history throughout the film is captivating as you hear the voice and emotional reaction of a person who actually experienced these riots. Tovares interviews Hank Leyyas sister, an important defendant in the case, who lived through the crime, the trail, the city, everything. She remembers it all and how much it affected her brother’s life. Her emotions when describing the riots helps the viewer understand how people were affected. Sailors of the time admitted in their interviews to attacking Mexican Americans and Mexican Americans admitted to reciprocating the behavior. Tovares’ film reflects on the racist abuse Mexican Americans received not only from White American citizens, but also from authority figures. Edward Escobar’s historical article, Zoot-Suiters and Cops, supports Tovares’ argument that zoot suitors were seen as dangers to society and this brought upon the attacks on them, but Escobar focuses more on the police aspect of the riots. Escobar argues, â€Å"Police, along with local civic leaders, believed that Mexican American youth, especially young males, were inclined toward violent crime. This belief merged with police officers’ frustration over their inability to crack down on the alleged lawbreakers and led to their allowing servicemen to beat and humiliate the zoot-suiters† (Escobar, 1996). Tovares agrees that police were problematic, but focuses more on the Sleepy Lagoon Case involving Mexican and White Americans who participated or lived during the riots. Escobar states that the LAPD consistently arrested Mexican Americans at a higher rate than the general population. During the war these numbers increased, especially arresting young Mexican Americans. However, Escobar argues that police officials misinterpreted their own statistics. Reported crime actually fell during 1942 and 1943, the years of the alleged crime wave. These â€Å"increases in arrests resulted more from changes in the law and in police practices than from changes in Mexican American behavior. Specifically, new immigration and draft laws for adults and curfew ordinances for juveniles, created new classes of laws that Mexican Americans violated, increasing the arrest statistics† (Escobar, 1996). The LAPD also employed selective enforcement in barrios than in white sections like the curfew ordinance as an example. This evidence strongly supports Escobar’s argument that the LAPD was more inclined towards the harsh treatment of Mexican Americans. Escobar focuses more on this than Tovares did throughout the film. While Tovares and Escobar both focus on the discrimination zoot suiters felt, Thomas Guglielmo shifts his focus to Mexican American racism was not only in Los Angeles but also in Texas in his historical article, Fighting for Caucasian Rights. Guglielmo argues that Mexican Americans who were born in the United States showed that they only cared about the United States but needed to be looked at again. They seemed active, focusing on being American, distant from Mexico but really these Mexican American’s due to the Good Neighbor policy still identified themselves with Mexico. Compared to Tovares, Guglielmo looks at American battles in Texas and legislative matter compared to the Los Angeles zoot suit riots. Guglielmo goes against Tovares perspective and says that there is more to Mexican American racism outside of Los Angeles. During the war more people of Mexican descent lived in Texas than any other state. These Mexican Americans that lived here are fighting for equality through legislation unlike the Mexican American’s in Los Angeles who are fighting for the same but by rebelling out through wearing zoot suits and adapting to that way of life. Both Toraves and Escobar perspective is on zoot suiters and police interaction where as Guglielmo focuses more on just Mexican Americans in Texas. Guglielmo argument is not as convincing to me because he focuses too much on legislation and Mexico compared to Toraves and Escobar focus on the discrimination Mexican Americans faced during the war that resulted in the riots. Toraves, Escobar and Guglielmo all highlight the struggle Mexican American’s faced fighting for equality, just presented it in different ways. Tovares strongly emphasized why the Mexican Americans wanted to break free. They were tired of being told what to do, where to go, what to wear. They created an image for themselves that separated them from everyone else. Escobar stated that the zoot suit phenomenon resulted primarily from the racism, discrimination, and extreme poverty that people of Mexican descent faced in the United States (Escobar, 1996). It did not necessarily give Mexican American’s more rights and equality’s that they fought for indirectly but brought national attention to their race that they needed to bring attention to fight for themselves. CITATION: Esobar. Zoot-suiters and Cops: Chicano Youth and the Los Angeles Police Department during World War II. 284-303. 1996 Guglielmo. Fighting for Caucasian Rights: Mexicans, Mexican Americans and the transnational struggle for Civil Rights in World War II Texas. 1212-1237. 2006 Tovares, Joseph, dir. Zoot Suit Riots. 2002. PBS Home Video. DVD-ROM.

100 Spanish Words You Should Know

100 Spanish Words You Should Know Obviously, youre not going to be able to say everything you want to say with only 100 Spanish words - although you could do surprisingly well with fewer than 1,000. But if you can learn these 100 words and understand how theyre used, youll be a long way toward being able to communicate freely in Spanish. Definitions below are for quick reference; all the words can be translated in additional ways. Top 100 Spanish Words 1. gracias (thanks)2. ser (be)3. a (to)4. ir (to go)5. estar (to be)6. bueno (good)7. de (of, from)8. su (your, her, his, their)9. hacer (to do, to make)10. amigo (friend)11. por favor (please)12. no (no)13. en (on, in)14. haber (to have as an auxiliary verb)15. tener (to have, to possess)16. un, uno, una (a, one)17. ahora (now)18. y (and)19. que, quà © (that, what)20. por (for, by)21. amar (to love)22. quià ©n (who)23. para (for, to)24. venir (to come)25. porque (because)26. el, la, los, las (the)27. antes (before)28. ms (more)29. bien (well as an adverb)30. aquà ­, allà ­ (here, there)31. querer (to want, to love)32. hola (hello)33. tà º (you)34. poder (to be able)35. gustar (to be pleasing)36. poner (to put)37. casi (almost)38. saber (to know)39. como (like, as)40. donde (where)41. dar (to give)42. pero (but)43. se (itself, herself, himself, themselves)44. mucho (much)45. nuevo (new)46. cuando (when)47. chico, chica (boy, girl)48. entender (to understand)49. si (if)50.  o ( or)51. feliz (happy)52. todo (all, every)53. mismo (same)54. muy (very)55. nunca (never)56. yo, me (I, me)57. sà ­ (yes)58. grande, gran  (big, great)59. deber (to owe, should)60. usted (you)61. bajo (low, under)62. otro (other)63. salir (to leave)64. hora (hour; see also lesson on telling time)65. desde (from)66. ver (to see)67. malo, mal (bad)68. pensar (to think)69. hasta (until)70. tanto, tan (used in making comparisons)71. entre (between, among)72. durante (during)73. llevar (to wear, to carry)74. siempre (always)75. empezar (to begin)76. à ©l, ella, ellos, ellas (he, she, they)77. leer (to read)78. cosa (thing)79. sacar (to take out, to remove)80. conocer (to know)81. primero (first)82. andar (to walk)83. sobre (over, about)84. echar (to throw)85. sin (without)86. decir (to say)87. trabajar (to work)88. nosotros (we, us)89. tambià ©n (also)90. adià ³s (goodbye)91. comer (to eat)92. triste (sad)93. paà ­s (country)94. escuchar (to listen, to listen to)95. hombre (man)96. mujer (woman)97. le (in direct-object pronoun)98. creer (to believe, to think)99. encontrar (to find)100. beber (to drink) And a Few More Here are some other words that very well could have made the list: 101. hablar (to speak)102. ese, esa (demonstrative that; also see the demonstrative pronouns)103. baà ±o (bathroom)104. despuà ©s (afterwards, later)105. gente (people)106. ciudad (city)106. sentir (to feel)107. llegar (to arrive)108. pequeà ±o (small)109. escribir (to write)110. aà ±o (year)111. menos (minus, except)112. lo (various uses)113. cual (that, which)114. este, esta (this)115. dejar (to leave)116. parte (part)117. nada (nothing)118.  cada (each)119. seguir (to continue, to follow)120. partir (to divide)121. ya (still, already)122. parecer (to seem)

Case Analysis of Barilla Spa Essays

Case Analysis of Barilla Spa Essays Case Analysis of Barilla Spa Essay Case Analysis of Barilla Spa Essay CASE ANALYSIS OF BARILLA SPA Problem seen in Barilla SpA by Giorgio Maggiali-Director of logistics is the demand fluctuations imposed on the company manufacturing distribution system. Brando Vitali which was an earlier Director of logistics in Barilla SpA proposed an idea of Just- in- time distribution (JITD) for this problem. Instead of Distributors giving orders according to them, company should deliver its products on time by its own logistics system on the basis of end consumer needs. By implementing this idea of JITD, company faces many problems like Barilla customers are unwilling to share their business data with company due to which company is unable to predict forecast demand delivery decisions. -Company own sales marketing people feel that if this idea is successful they will be out of the company as their will be no need of sales marketing team after this JITD implementation. Now scenario was that no one except this idea neither internally by company own employees esp ecially sales marketing people nor externally by its own distributors retailers. In 1875 Pietro barilla started Barilla SpA in Italy . Pietro passed company to his son Ricardo which in 1940, further passed to his sons-Pietro Gianni which were far more successful than their ancestors. Core competency of a company - High quality products supported by innovative marketing programmes. -Marketing practices creating a strong brand name image for its pasta. -Selling pasta in a sealed cardboard box with a recognizable color pattern Pietro Gianni barilla made a pasta plant of 1. 25 million sq. etre which was the world largest most technologically advanced pasta plant in the world which put them deeply into the debt they have to sell this plant to American MNC, W. R. Grace. Now according to me this situation was due to the following factors -Demand was not forecasted as market needed pastas in such a great quantity or not -Logistics system of distribution was also not discussed while making a plant outside Parma city in a rural town which is 5 km away Gurjeet Bhatia - Indore -Such a highly technological plant will definitely be highly costlier may misbalance the financial situation of a company. American MNC was also failed in spite of additional capital investment professional management practices to the company due to difficult economic conditions new Italian legislation at that time. American MNC again sold the company to Pietro Barilla. As crucial time of difficult economic condition passed on new legislation was also been stabilized, the capital investments organizational changes that Grace had brought to Barilla became a powerful tool for a company company now progress a lot through expansion of existing businesses, both in Italy and other European countries. By this we learn that – External factors like economic condition of a country new legislation system plays an important role in a success or failure of a company. -Internal factors like capital investment organizational changes also play an important role in a success or failure of a company Amongst the 35 % of all pasta sold in Italy the traditional barilla brand represented 32 % of the market. It sh ows that -People like traditional Pasta products as these products satisfies their taste most -People of Italy were of traditional culture Half of barilla’s pasta was sold in Southern Italy and half in Northern Italy . Northern Italy has more market share than Southern Italy due to its larger size. Barillas also have a 29 % share of the Italian bakery products market. Manufacturing Distribution system of Barilla SpA (Seven Divisions) -Three pasta divisions -barilla,voiello braibanti -Bakery product division-manufacture medium to long shelf life bakery products -Fresh bread division -manufacture very short life bakery product -Catering division -distributes cakes frozen croissants to bars pastry shops -International division Corporate headquarters were located adjacent to the Pedrignano plant It shows that -Barilla SpA was organized in a systematic way as every different product has their different divisions -To have full control over an organizational structure of a company, company located its headquarters near to the plant. Gurjeet Bhatia -Indore Per capita pasta consumption in Italy averaged nearly 18 kg per year which was far more than Western European countries -This means that Pasta was a highly demandable consumable product in Italy also used for regular meal product People of Italy may like Pasta so much due to Pasta historical picture of being â€Å"Since time immemorial, Italians have adored pasta† -Pasta has a regular or smooth demand round the year because of its use in summer as well as in winter Italian pasta market growth in Italy was only 1 % per year in 1980 by 1990’s only some pasta products like Semolina Fresh pasta shows some growth but the real factor of growth for the company was due to Eastern European countries seeking low priced basic food products like Pasta Products. It shows that consumer in Eastern European countries needs a low priced basic food products Italian Pasta fulfills this need therefore be the big hit in Eastern European countries. â€Å"RIGHT PRODUCT AT RIGHT TIME IN RIGHT PLACE† Barilla plant network is strong as spreaded throughout Italy also seems cost conscious. -Barilla invested in R D facilities for developing testing new products production processes. In Barilla Pasta plants set up cost is low product quality is high as a single product was maintained with high quality. Big lot sizes were manufactured which helps in keeping products price competitive. -Barilla employees used bicycles in big plants due to which there is no wastage of time money by not using fuel consuming vehicles which may also pollute an environment in a plant can ultimately change the product tastes. -Due to the company investments in R D facilities, it became a master in producing specialized products finally results in good tastes, due to which product consumption increases hence company got good sales figures. Even according to the size of the product, particular plant was used to take 100 % output from production facilities. -Even products have been divided into fresh products dry products categories according to their short long shelf lives which may help a product to be sold in its limited time horizon. -As per consumer needs of 5 kg,2 kg,1 kg1/2 kg packing, the most popular pastas being made sold . This may give a full grip to a company over its customers. Barilla has two central distribution centers (CDC) in Northern Southern part of a country which helps a company in controlling monitoring inventories. Fresh products not became obsolescence or wastage, hence distributed quickly within time. Gurjeet Bhatia -Indore -Inventory management is also strong by keeping 3 days of fresh products inventory a 30 days of dry products inventory in CDCs. The entire channel management from plant to warehouses throug h independent agents helps the company in the way that the fresh products to be reached on time through 70 regional warehouses. The main consumption i. e. 2/3 part of barilla dry products was through distributors which supply to the supermarkets. Balance part was distributed through own companies warehouses to small shops. Earlier logistics Director Vitali wants to implement JITD system in this major 2/3 part to get maximum outputs but was not successful. It shows that Barilla wants to make its distribution system stronger. -Small shop owners are directly not linked with the company . Brokers play an intermediary role as numbers of small shops are largely high. For Supermarket chains, the chain’s own Grand Distributors (GD) plays an intermediary role for Independent Supermarkets intermediary are organized distributors (DO). The purchase decision of Barilla product was fully in hands of these GDs DOs as they buy SKUs according to their needs does not prefer pasta products in multiple packing. To replenish orders in supermarket 1-2 days time was taken by distribution centers. Till now, it seems that -Manufacturing Distribution of fresh dry products of the Barilla was fine but Barilla has no control on Sales as major products were sold through GDs and DOs. Barilla advertises strongly its premium products through athletes and celebrities in their respective countries. Barilla wants to make loyal relationship with Italian families. By trade promotions retailers buys in bulk for trade discounts and their future needs. Incentives for Barilla sales representatives were also based on their sales targets It shows that Demand for Barilla products was not stable since Barilla applied push strategy, company want to sell what it makes whether it is demanded or not. Company does not know the actual demand of end consumer. -By giving discounts, incentives, FTL discounts barilla want to maintain its production smooth. Due to sales strategy based on incentives, salesman of the company gives its full attention to stores not towards supermarkets. -Lead time was not constant as Barilla fulfills orders between 8-14 days. -ROP can’t be maintained by distributors as demand rate ‘d’ seems constant but Lead time ’LT’ is not constant(The major fault for uncertain lead time is the delivery schedule of the Barilla which is between 8-14 days) -Company faces fluctuating demand due to its distributor’s unstable demand. To cope up with this problem manufacturing logistics managers want to push more inventories as safety stock to distributors but due to distributor limitations of space or enough regular stock they discarded this idea. Gurjeet Bhatia -Indore Vitali clearly argued that the demand can be stable by knowing distributors sales data replenish orders on behalf on these sales data distribute products on time to keep stock out levels low. This will give more profits to distributors, retailers also to the company -By knowing end-consumers inputs only, the entire supply chain should work on behalf of it. To stream line the entire supply chain small shops are well technologically equipped the retailers distributors should share their current SKUs sales data every day -The entire manufacturing strategy, selling distribution strategy should be on behalf of actual demand of end consumer. Logistics manager Maggiali faces arguments from its company sales representatives also from its distributors. They show no interest in changing their strategies The only distributor Marconi was responsive but its further retailers don’t want to share their sales data does not want to become a part of an entire supply chain. -The top management like sales executives vice president general manager also take interest in JITD but distributors are not ready to be the part of JITD. Now barilla applied JITD in its own Florence depot successful in reducing inventories increasing fill rate also successful in keeping depot manager satisfied with current inventories. -JITD also shows good result in another depot. Now it seems that company got success in JITD within its depot till now. But distributors are not yet ready to apply this JITD -Maggiali was successful to bring all its company top management people like Sales Director, Managing Director ,Logistics Managers, Service Managers, JITD Implementation managers of course the large DO (cortese) closure in implementing JITD in cortese warehouses. In JITD programmes in cortese warehouses company collects its 6 months historical data on basis of it set its shipments. Sales data information was also sent through fax afterwards through EDI. In this way by correct shipments Information, Inventories were reduced Customer retailer service level increases. Now Barilla maintained its customer records through current SKUs, forecast sales, watch carefully stock outs via EDI . Barilla used this information in shipments -Each truck load was cleverly handled on behalf of customer stock-out level loaded truck according to the customer needs. -Heavy products are loaded first than lighter products to maximize truck loading space -Various weighted average are used for forecasting future sales. Gurjeet Bhatia -Indore SOME FINDINGS LESSONS LEARNED It is clear from barilla spa case that to be successful for any project implementation, all the top management should be involved . no project can be successful without top management interest. Though middle level like store managers sales representative also played an important role. ?Technology also play a critical role like EDI, fax etc. in this case in success or failure of any pro ject. ?Transparency and Proof is must like How to handle the project, what benefits we all gain, what effort we have to put ultimately the stream line of Manufacturer, Distributor, and Retailers Employees is strongly required. ? Head of the project like Maggiali in this case should clearly know that what steps should be taken at what time . As Maggiali when unsuccessful in assuring JITD results to its Distributors, Implement JITD in its own depot and successful in reducing inventories and increasing fill rates . Thus gain confidence from its top management and its distributors. ?â€Å"WHERE THERE IS THE WILL THERE IS THE WAY† Maggiali prove this saying never rest until got success. According to me the name of case should be Success story of Maggiali in Barilla SpA. ?Relationship (like with Cortese) +Concept (like JITD) +Technology (like EDI) =Success

The argument for net neutrality Research Paper Example | Topics and Well Written Essays - 2000 words

The argument for net neutrality - Research Paper Example This method can be seen just as the current method of obtaining water from the utility company. The flow information, or data, can be seen as the flow water to a home. From that point the amount of water coming into a home can be increased by purchasing a larger inlet pipe from the provider. This is the same concept with Internet service providers. Once the water reaches a home it can be distributed and used around the home as much as needed up to the max flow that the pipes allow. This same concept is the same with the Internet. Information flow comes in to the home and distributed to devices until the â€Å"pipe† is full. Internet service providers now want to not only charge for the pipe coming into the home but also split up the types information within the flow into tiered charges as well. This is where the idea of net neutrality comes into play. Net neutrality states that the flow from the pipe is a stream of data just like the water is from the water company and should not be filtered to charge for certain types of data coming through. The Internet is a flow of information and should not be restricted based on the types of information coming through the pipes. Problems in the absence of neutral net services The issue of net neutrality received widespread media attention when some broadband service providers (BSPs) such as Verizon, Comcast, and AT &T proposed to charge popular online Web sites for priority delivery of the latter’s content to their residential and commercial customers. The proposal encountered stiff resistance from those who were supposed to be charged, and thus erstwhile competitors such as Google, Yahoo!, and Microsoft were soon lobbying before the U.S. Congress to pass legislation that would prevent the BSPs from carrying out their proposed plan and thereby maintain what was termed the â€Å"neutrality† of the Internet (Guo, et al, 2010, p.244) Commercialization is intruding virtually in every segments of human life and internet is also not an exception. When internet was introduced, people visualized or welcomed it as an ocean of free or unpaid knowledge. However, business people quickly realized the huge business potential of internet and quickly started their efforts to transform internet from a free service to a paid service. Many internet service providers in America like Verizon, Comcast, and AT &T, started to restrict their free internet services one way or other which resulted in the creation of the topic; net neutrality. Enforcing fees for using some kind of network services is just like restricting the natural right of people to get drinking water. Knowledge is a property which cannot be restricted or used for commercial purposes. It should be remembered that what would have happened, had our ancestors try to hide their knowledge instead of distributing it freely to the future generation. What would have happened if the inventor of electricity asked for patents or fees for his discov ery? Knowledge, technological advancements, discoveries and inventions should be used for the

Political subdivisions of police governmental powers per federalism Essay

Political subdivisions of police governmental powers per federalism - Essay Example Several countries like the United States, Canada and Australis follow this system of governance. In effect there are two separate sovereignties both having their own powers and as remarked in the case of Gibbons v. Ogden (1824). While the federal government is very powerful, it can never be all-powerful because the states have continued to have their own judicial system which covers and controls every department which is not linked to the central government and operates within the state’s territory. In this essay I shall start by defining the term federalism and political subdivisions. Then I shall move on to explain the police governmental powers per federalism and explain the historical context of Constitutional clauses establishing such powers. In doing this I intend to aid my essay with examples of the case law before concluding it. Federalism refers to a government system where each province concerned is administered by two government levels. As a general rule the commanding central government takes care of the issues which affect the nation in general while the problems related to state territories are controlled by their respective governments. The federal governance system prevalent in the US is also based on the same concept. There is a central government and various subdivisions of state governments. The constant power struggle between the state and the central government lead to various legal conflicts affecting the smooth administration of key departments operating under both the government divisions. The British government's oppression and tyrannical political and economic road map for American colonies led to the American Revolution. It caused the Americans to greatly distrust the centralized governmental powers. As a result only very little authority was bestowed upon the central government when the C onstitution was initially formed in 1781. The Articles of Confederation created during this period assured unlimited power to each state government to the extent of each state having their own court system. This form of government became too complex to control and a ‘Great Compromise’ was established in 1787 to implement uniform administration throughout the US. This compromise was reached to make the governance process easier, ensure fast economic growth and maintain a standard judicial system throughout the country. Most of the policies drawn in the ‘Great Compromise’ were based on the federalist ideologies. This was condemned by several opponents who called federalism a ‘folly’ and accused the pact of reducing the state government’s power and failing to clarify its actual role in the governance of the country. They also added the Supremacy Clause weakened the power of the state governments. Changes made in the constitutional provision s ensured only the states having a close relationship to the government will be granted the prerequisites for their growth projects. It is a commonly accepted fact that practical conciliation was the only reason to encourage constitutional federalism, then. People speaking in defense of the ‘Great Compromise’ argue that state governments have the power to vote and elect the central government. Hence, their rights are guarded and they are the ones controlling the central government, not vice versa. Political subdivisions on the other hand indicate the states present in the

Ernest Hemingway Annotated Bibliography Example | Topics and Well Written Essays - 1000 words - 1

Ernest Hemingway - Annotated Bibliography Example He sees Mr. Shirtlet as an empty man emotionally who only wants the car that Mrs. Crater possesses. He also points out that Mrs. Crater is also empty. The point of the story in his idea is that both people are willing to trade their humanity for something material. Desmond, John. F. â€Å"The Lessons of History: Flannery O’Connor’s ‘Everything that Rises Must Converge’. The Flannery O’Connor Bulletin, 1, Autumn, 1972. Gale Literary Database. Blinn Library. 6 March 2012. This article provides an understanding of O’Connor’s point of view as to whether this work is religious or not. She does not feel that the work is religious because she does not thinkit is right for her to put her religious views into her stories. Desmond states that he feels that it is religious and because of who she is, she cannot get away from influencing her characters in some way through religion. The article is a short critical essay about this short story and how the women in the story are under the delusion that they are better than everyone because of their wealth. The problem is that the males in the story have all the power, although the main female characters do not understand this fact. Here, there are two women, Mrs. Prichard and Mrs. Cope. One is savvy and the other one is seen as dense. The criticism is very short and interesting because the boys eventually set fire to the woods and are in some ways redeemed because of it. Paulson, Suzanne Morrow. "Male/Female Conflicts." Flannery OConnor: A Study of the Short Fiction. New York: Twayne Publishers, 1988. 28-45. Rpt. in Short Story Criticism. Ed. Schoenberg, Thomas, J., and Lawrence J. Trudeau. 82. Detroit: Gale, 2005. Literature Resource Center. Web. 8 Mar. 2012. Gale Literature Resource Center. Blinn Library. 6 March 2012. This article compares several of O’Connor’s short stores with the theme of male-female conflicts. Most of the stories were listed that were read for this research paper. The

A Hunger Artist Essay Example for Free

A Hunger Artist Essay Misunderstanding must be exposed and handled accordingly in order for understanding to occur Throughout the short story, â€Å"A Hunger Artist†, misunderstanding often created a separation of artist from society. Franz Kafka uses various literary elements and devices such as symbols and conflict to demonstrate this theme. One way that Franz Kafka explicitly displays misunderstanding in â€Å"A Hunger Artist† is through his use of symbolism. Throughout the work, the hunger artist was locked inside of a cage to isolate himself from the fickle public. This cage represents alienation from society and also a barrier that prevents understanding. The spectators’ positions outside of the cage prevent them from truly appreciating the hunger artist’s feat and often times causes those to misunderstand the concept of â€Å"art† that the hunger artist is attempting to exhibit. In the artist’s case, being an artist means cutting oneself off from the world and this is reflected in the artist’s conscious choice to sequester, or seclude, himself in a cage. The physical separation of hunger artist and spectator that the cage creates mirrors the spiritual separation of the individual artistic ego and public will. This separation in mindset leads to a critical dividend in understanding in which only the hunger artist realizes the importance of his ambitions and accomplishments. In regard to the artist’s behavior, the impresario would apologize as stated, â€Å"He would apologize publicly for the artist’s behavior, which was only to be excused, he admitted because of the irritability caused by fasting; a condition hardly to be understood by well-fed people† (Kafka 3). Spectators often misinterpreted the point that the hunger artist was attempting to portray. The purpose of the cage was to secure him from those who do not understand him. Another way that Kafka demonstrates misunderstanding is through his use of external conflict. The hunger artist’s troubled relationships with his spectators suggest that the artist exists apart from society and must therefore be misunderstood since the spectators do not perceive art in the same sense that the hunger artist does. This conflict ultimately occurs on more than one occasion throughout the text. The artist does not want to be rewarded with materialistic contributions and/or praise from the public; he finds the greatest reward in others’ understanding of art from his perspective. The public pretend to admire the hunger artist’s accomplishments merely because they do not understand the true concept of art that the artist is striving to convey. Kafka states, â€Å"His public pretended to admire him so much, why should it have so little patience with him; if he could endure fasting longer, why shouldn’t the public endure it? † (2). The fickle public that the hunger artist encounters does not pay him as much attention as he expected. The public are glad to finally see the artist stop his fasting so they are able to proceed on with their lives; they don’t show much interest in the art of fasting. In an article, Ian Johnston translates, â€Å"In the last decades interest in hunger artists has declined considerably†¦Back then the hunger artist captured the attention of the entire city. From day to day while the fasting lasted, participation increased† (Franz Kafka A Hunger Artist). This explicitly expresses the reason why the public show no interest in the hunger artist’s fasting. An art that was greatly appreciated before has now died down and is not trendy. The hunger artist’s attempts to gain the public’s recognition of the true concept of the art of fasting have failed. From reading the short story, â€Å"A Hunger Artist†, one can gain the concept of how important it is to expose misunderstanding before true understanding can develop. Whether it be with an in-depth look at art or simply a misunderstanding between two people, developing an understanding is vital. The reason for misunderstanding must be addressed and handled accordingly prior to proceeding in the process of understanding. Works Cited Kafka, Franz. A Hunger Artist. Prague: Twisted Spoon Press, 1996. N. pag. Print. Yancey, Phillip. Good Reads. N. p. , n. d. Web. 20 Mar. 2013. lt;http://www. goodreads. com/quotes/tag/misunderstandinggt;. Understanding. Def. 2a. Merriam-Webster. n. d. N. pag. Web. 20 Mar. 2013. lt;http://www. merriam-webster. com/dictionary/understandinggt;. Johnston, Ian. Franz Kafka: The Metamorphosis, A Hunger Artist, In the Penal Colony, and Other Stories. Arlington, Virginia: Richer Resources Publications, 2009. N. pag. Web. 11 May 2013. lt;http://www. richerresourcespublications. com/Books/Classic_Books/Philosophy/Kafka/Franz_Kafka. pdfgt;.

Inventions of the 1920s Essay -- essays research papers

Inventions of the 1920’s to 30’s Through out the 1920’s many inventions were created that altered human civilization. Transportation was successfully mastered. Radio communication was becoming more common and medicine was saving more and more lives every day.   Ã‚  Ã‚  Ã‚  Ã‚  In this year Henry Ford created the first affordable, combustion engine car called the Model-T. The creation of the Model-T changed the lives of every American. Vehicles were looked at as a way of freedom and excitement. Soon after, every household in America had a car. The demand for vehicles sparked a whole new industry, creating jobs, more revenues and improving the American economy in every way. With so many vehicles on the roads, roads needed to become bigger and better which spawned a nation wide road construction. This also created more jobs and strengthened the economy even further. (Inventions: Car) The Airplane was first invented in 1903; it amazed everyone but never really took off because of how dangerous it still was. They used planes in WWI but they threw them aside. After WWI (around mid 1920’s) the Federal Government had the idea of airmail. This was readily accepted; instead of receiving mail in two weeks it would only take a couple of days. Soon after this, transporting people quickly caught on although only the upper-class people could afford it, it soon became accessible to almost everyone. (Inventions: Airplane)   Ã‚  Ã‚  Ã‚  Ã‚  1879 the first radios wer...

Consumer and Market Knowledge Essay

During the internship at ITC (in logistics), I interacted with ground level employees (on floor)-even when it is not mandatory. Through which I got in debt understanding of the actual process happening on field. By doing so I was a able to identify that the workers are mixing up the stock without associating with their respective codes. I was also able prove that by abandoning one particular plant J-1(name shortened) will save cost irrespective of its flexibility and proximity. During my schooling, I was the School president during my X- class.There was an alumni meet along with the inaugural function every year. My role that year is to look over the snacks and gifts (for our our alumni and guests). We were allotted a budget and we paid the dealer in advance. The function has been postponed to the next day, So we left the oder (snacks and gifts) in the dealers godown. But the next most of it is spoiled by the rats. The dealer accepted to take the responsibility, but neither is he able to return our total money or reproduce the order immediately. I being the response point took two decisions: For gifts, i made the dealer to give gift vouchers, which we will give to our guests and alumni, through which they can go to that distributor and select a gift of their choice within the price range (discount included as per original agreement). And for the snacks, instead of buffet I opted for dine-in to avoid the stock out situation. And also instead of having three common snacks, we opted for a variety of snacks in small quantities(it includes fruits to a large extent). During the crisis I conveyed my proposal to my Vice-principal, and it was readily accepted. And next day i was applauded during the morning prayer in front of the whole school by the principal for my effective handling of the situation.

Four Basic Ways a Divisionally Structured Firm Could

There are four basic ways a divisionally structured firm could be organized. What are these four ways? Give an example of each. The four basic ways a divisionally structured firm could be organized are 1) by geographic area. An example of this would be any organization with similar branch facilities located in widely dispersed areas; 2) by product or service. Huffy is an example of divisional structure by product; 3) by customer. Book publishing companies often organize their activities around customer groups as college, secondary schools and private commercial schools; and 4) by process.An example of this is a manufacturing business organized into six divisions: electrical work, glass cutting, welding, grinding, painting and foundry work. Each division would be responsible for generating revenues and profits. Compare and contrast restructuring and reengineering. Restructuring involves reducing the size of the firm in terms of number of employees, number of divisions or units and num ber of hierarchical levels in the firm’s organizational structure. Restructuring is concerned primarily with shareholder well-being rather than employee well-being.In contrast, reengineering is concerned more with employee and customer well-being than shareholder well-being. Reengineering involves reconfiguring or redesigning work, jobs and processes for the purpose of improving cost, quality, service and speed. Whereas restructuring is concerned with eliminating or establishing, shrinking or enlarging, and moving organizational departments and divisions, the focus of reengineering is changing the way work is actually carried out. Reengineering is characterized by many tactical decisions, whereas restructuring is characterized by strategic decisions.

Methamphetamine Use Among Wome essays

Methamphetamine Use Among Wome essays I came across disturbing article of methamphetamine use among women, some even middle age. One would think a woman in her middle age with children would understand better than to abuse drugs. A tireless single mother of three, a skinny middle-aged mother of two. A growing number of super women who have abused methamphetamines use the drug to be all moms can be only to find themselves addicted and behind bars. A substance abuse program at the Iowa Correctional Institution for Women in Mitchellville, Iowa reports 43 percent of women entering prison in the first quarter of fiscal year 2002 said meth was their drug of choice, compared with 29 percent of men. In fiscal year 2000 it was 25 percent of women and 19 percent of men. More than 40 percent of women arrested in the countries surrounding Honolulu and San Jose, California, in 2000 tested positive for meth use, a National Institute of Justice program found, and the figure were more than 20 percent in several other areas studied. Nationally, women made up 47 percent of patients in substance abuse treatment centers who identified meth as their primary drug of use in 1999, according to data from the U.S. Department of Health and Human Services. Utah state statistics show 90 percent of women admitted for meth treatment have dependent children. And most female users are between the ages of 18 and 32, typical childbearing years. According to the article, experts and users say meth appeals to women because its relatively inexpensive and easy to obtain, and it gives them energy to take care of their children or feel more efficient in everything they do. "I don't think a lot of [women] are trying it for recreation," said Angela Smart who surveys incoming inmates at the Salt Lake Metro Jail and state prison each year. "They're taking it to clean their homes after coming home from working two jobs." Another attraction for women the article speaks of is quick weight loss. ...

Modeling of Water Uptake essays

Modeling of Water Uptake essays Modeling of Water Uptake into Polymeric Aerosol Particulates Deposited on the Lung Surface Inhalation of aerosolized drugs holds promise as a means to treat localized disease states within the lung and may also represent an ideal method for drug delivery to the systemic circulation. The use of polymer-based aerosol carriers for controlled drug delivery via the lung is an approach that may improve the duration and effectiveness of drugs delivered to the respiratory tract. However, the ability to optimize new formulations for pulmonary drug delivery has been limited by the inability to closely mimic the conditions the particles encounter in the various regions of the lung. Conventional "complete immersion" methods used to characterize microparticle water uptake rates, polymer degradation kinetics, and drug diffusion rates may not be relevant for particles designed for inhalation due to the extremely thin aqueous layers in the lungs. In this paper, I discuss the forces on a particle at the air-surfactant-particle interface used to determine the extent of submersion. Then, I model the water uptake into particles completely immersed in liquid and compare it to water uptake into spherical particles partially submersed in liquid. From published water contact angles, it was found that 10 mm PLGA 50:50 particles would be submersed 6.8 mm into the liquid phase; more hydrophobic PLGA 90:10 particles would be submersed 6.1 mm. The aqueous layers in the lung have a significantly lower surface tension than water. Particles will therefore be submerged more into the lung liquid than in water, and may be completely submerged. Concentration profiles for 5 mm particles completely submerged in an aqueous solution showed the concentration within the particles increases with time until a steady value is reached in approximately 67 hours. Water uptake into particles submersed in humidified air depends on adsorption and condensation of water on the...

Overview of Sociologys Conflict Theory

Overview of Sociologys Conflict Theory Conflict theory states that tensions and conflicts arise when resources, status, and power are unevenly distributed between groups in society  and that these conflicts become the engine for social change. In this context, power can be understood as control of material resources and accumulated wealth, control of politics and the institutions that make up society, and ones social status relative to others (determined not just by class but by race, gender, sexuality, culture, and religion, among other things). Karl Marx A house may be large or small; as long as the neighboring houses are likewise small, it satisfies all social requirement for a residence. But let there arise next to the little house a palace, and the little house shrinks to a hut. Wage Labour and Capital (1847) Marxs Conflict Theory Conflict theory originated in the work of Karl Marx, who focused on the causes and consequences of class conflict between the bourgeoisie (the owners of the means of production and the capitalists) and the proletariat (the working class and the poor). Focusing on the economic, social, and political implications of the rise of capitalism in Europe, Marx theorized that this system, premised on the existence of a powerful minority class (the bourgeoisie) and an oppressed majority class (the proletariat), created class conflict because the interests of the two were at odds, and resources were unjustly distributed among them. Within this system an unequal social order was maintained through ideological coercion which created consensusand acceptance of the values, expectations, and conditions as determined by the bourgeoisie.  Marx theorized that the work of producing consensus was done in the superstructure of society, which is composed of social  institutions, political structures, and culture, and what it produced consensus for was the base, the economic relations of production.   Marx reasoned that as the socio-economic conditions worsened for the proletariat, they would develop a class consciousness that revealed their exploitation at the hands of the wealthy capitalist class of bourgeoisie, and then they would revolt, demanding changes to smooth the conflict. According to Marx, if the changes made to appease conflict maintained a capitalist system, then the cycle of conflict would repeat. However, if the changes made created a new system, like socialism, then peace and stability would be achieved. Evolution of Conflict Theory Many social theorists have built on Marxs conflict theory to bolster it, grow it, and refine it over the years. Explaining why Marxs theory of revolution did not manifest in his lifetime,  Italian scholar and activist  Antonio Gramsci  argued that the power of ideology was stronger than Marx had realized  and that more work needed to be done to overcome cultural hegemony, or  rule through common sense. Max Horkheimer and Theodor Adorno, critical theorists who were part of The Frankfurt School, focused their work on how the rise of mass culturemass produced art, music, and mediacontributed to the maintenance of cultural hegemony. More recently, C. Wright Mills drew on conflict theory to describe the rise of a tiny power elite composed of military, economic, and political figures who have ruled America from the mid-twentieth century. Many others have drawn on conflict theory to develop other types of theory within the social sciences, including feminist theory, critical race theory, postmodern and postcolonial theory, queer theory, post-structural theory, and theories of globalization and world systems. So, while initially conflict theory described class conflicts specifically, it has lent itself over the years to studies of how other kinds of conflicts, like those premised on race, gender, sexuality, religion, culture, and nationality, among others, are a part of contemporary social structures, and how they affect our lives. Applying Conflict Theory Conflict theory and its variants are used by many sociologists today to study a wide range of social problems. Examples include: How todays global capitalism creates a global system of power and inequality.How words play a role in reproducing and justifying conflict.The causes and consequences of the gender pay gap between men and women. Updated  by Nicki Lisa Cole, Ph.D.