Quantitative Methods for Business Essay

Quantitative procedures are numerical and reproducible. Relapse investigation is a case of one such strategy. Measurable examination is likewise a case of a quantitative method. Quantitative procedures are applied for business investigation to advance dynamic IE benefit amplification and cost minimization. It covers straight programming models and other extraordinary calculations, stock and creation models. Albert Humphrey, an administration expert who had some expertise in authoritative administration, conceived the SWOT investigation strategy at Stanford Research Institute during the 1960s. Today, huge companies as well as not-for-profit and government offices utilize SWOT investigation. An upgraded technique, known as the Six Forces Model, further assists with evaluating rivalry, purchasers and providers. Distinguish qualities and shortcomings to survey whether the ideal end state is conceivable. On the off chance that it isn't, modify your goal to mirror a feasible objective. Use SWOT investigation in vital arranging, emergency the executives and attainability examines. Apply SWOT examination procedures in scholastic situations for formative investigations. Use SWOT examination to make sense of how to abuse each solid point and limit each burden. SWOT investigation methods encourage dynamic by characterizing and ordering factors that impact the result of exercises. Distinguishing the qualities or shortcomings of your item, value, spot of offer and advancement methodology working together with posting financial, mechanical and legitimate elements assist you with recognizing your serious position. Quantitative information help you to legitimize how significant every movement is to your organization (http://rapidbi. wordpress. com/2008/12/29/history-of-the-swot-examination/). SWOT investigation is commonly distinguished as one of two sorts: arranging or advertising. Corporate arranging includes setting goals, surveying capacities, dissecting current procedures, growing new methodologies or getting ready for various situations that may require intercession. This sort of SWOT investigation is regularly directed by venture supervisory groups. Advertising examination, on the hand, includes directing exploration to assemble conclusions, for instance, through reviews. These are typically finished by clients or expected customers. The quantifiable outcomes can uncover inclines or approve theories you have about how to showcase your item. Structure a cross-utilitarian group to direct your arranging SWOT examination. Various perspectives produce the best outcomes and forestall shut reasoning. Oppose the impulse to surrender your destinations as unreachable without investigation. Think innovatively to utilize the information your examination produces. Match qualities to circumstances when directing a promoting SWOT examination. Find inventive approaches to change over dangers and shortcomings into qualities. Use SWOT investigation to discover new markets while maintaining a strategic distance from business sectors for which your organization is illsuited (http://www. ehow. com/about_54926434_sstrength-shortcoming quantitative-procedure. html). The utilization of quantitative and subjective strategies in assessing and arranging business related capacities is principal to business achievement. Smart thoughts and difficult work are regularly essential, yet legitimate use of relevant expository strategies can help guarantee that your organization is effective by any measure. Both quantitative and subjective devices are accessible to even the littlest of organizations, going from clear procedures, for example, equal the initial investment examination and SWOT investigation. Quantitative examination alludes to the deliberate experimental examination of social wonders by means of measurable, scientific or computational strategies. The goal of quantitative examination is to create and utilize scientific models, speculations and additionally theories relating to marvels. The procedure of estimation is integral to quantitative exploration since it gives the central association between experimental perception and numerical articulation of quantitative connections. Quantitative Approach gives us the scientific and measurable, devices and methods to improve the administrative dynamic in the territories of arranging and control. For example, planning, booking, quality control and so on. Quantitative Courses assist you with finding a new line of work. Since for the most part you start at lower levels of the executives, where there aren’t numerous vital choices you make. Your instinct isn't trusted upon and you should back your choices with numbers (concoct them on the off chance that you can’t discover them. That’s what my entry level position experience says, yet don't cite me on that). In this way, they need quantitative abilities in you. Be that as it may, as talked about generally over the world, fixation on quantitative stuff can be tragic. They are just devices and don't substitute administrative judgment. What's more, as you ascend in the chain of importance, you instinct and subjective judgment begin getting esteemed. Subjective abilities are a decent to-have resource at that point, yet total necessity. Since for taking more significant level choices, you may not generally have the sort of exact system you have for lower level occupations. Be that as it may, most significant thing about quantitative courses, while you are an understudy, is that they can be scholarly. Learnt independent of a few things turning out badly like having an inept teacher! Regardless of whether you don't have a lot of inclination, by buckling down you can remove something from these courses. Subjective seminars then again represent a few issues in learning. Independent of the nearness of a few much touted educational apparatuses and strategies, they rely vigorously upon the nature of the teacher, fitness of the understudy and the science between the two. An incoherent teacher may in any case figure out how to show you a quantitative course, yet for a subjective one it is sad. All things considered, one major issue with subjective courses is that when you will be permitted to utilize them in an association, you would have overlooked them all. Numerous understudies wonder if they’ll ever truly need to realize how to utilize the quadratic condition or discover the volume of a cone. Not understanding how valuable math can be, some decide to just satisfy the base necessities that their secondary schools requires. Those at College Board likewise stress how math can assist you with getting ready for a profession. The aptitudes that you learn in math courses might be relevant down the line, regardless of whether you are not concentrating to turn into a specialist or a bookkeeper. Numerous section level occupations expect workers to have some math information. In any event, understanding the essential math capacities can be beneficial. Scientific courses can demonstrate amazing help for business choices. In their later business professions, this will spur them to talk with mathematicians and utilize viable quantitative strategies. Arithmetic gives numerous significant instruments to financial aspects and different business fields. The acknowledgment of its significance by numerous understudies every year will positively fortify the situation of arithmetic in our general public. For what reason work together experts and chiefs need to know math? Business is tied in with offering an item or administration to bring in cash. All exchanges inside a business must be recorded in the Company accounts and frequently include exceptionally enormous wholes of cash. http://johnsonsr. spps. organization/Why_is_math_important. html). So for instance, you should have the option to assess the impact of changing numbers in the records when attempting to work out your normal execution for one year from now. Additionally organizations depend intensely on utilizing rates, specifically any individual who fills in as a sales rep should be fast at mental number-crunching, estimation and in working out rates, The more rate rebate you give a client when you sell them an item, the less benefit your organization will make, so it truly pays to know your math (Brechner). One territory where quantitative strategies are applied in business is in the zone of accounts. A portion of the models that money related administrators and investigators use are rate of profitability, choice trees and net present worth. Money related experts decide how much benefit a specific item acquires versus the expenses of creating that item. They run relapses and examinations to note patterns after some time and decide the amount to put resources into a specific business line. Budgetary examiners likewise utilize quantitative techniques to decide profitability and whether to enlist, hold or lay off specialists. They utilize quantitative information to oversee hazard and make venture vehicles. Publicists utilize quantitative information to decide what number of watchers or perusers will see a specific promotion in a specific medium. They use information from rating administrations to discover what number of individuals click on a specific site or watch a specific TV program whenever. Promoters additionally utilize quantitative information to do pre-and post-testing of commercials. Promoters use overviews to test promotion review in watchers, and ttitudes about proposed notices, in addition to other things. Organizations utilize insights to decide how to showcase their items, which advertises their items and administrations will do best in and which customers will purchase their items. There are a huge number of organizations in the United States that accumulate and break down information about buyer interests, wants, likes, abhorrences, inspirations and concerns. Advertisers utilize this information to center sponsorships, regular postal mail crusades and position their organizations in the general culture. Advertisers additionally use information from UPC codes at stores (regularly in blend with customer rebate cards) to figure out who is purchasing their items, how frequently and where. This likewise gives them significant data to use in settling on choices about stocking, conveyance and advancements. Insurance agencies have a huge number of uses for quantitative information. Albeit a considerable lot of these applications could move to different organizations, insurance agencies have many analysts or statisticians on staff. Along these lines, they have the labor and ability to dissect piles of information. For instance, insurance agencies accumulate d

American nurses association

The American Nurses Association is an expert assistance association that speaks to the whole enlisted American nurses’ populace. It expects to elevate social insurance administrations to each individual. It accepts that human services is a privilege of each resident and a rebuilt improvement and usage of wellbeing approaches is required. Besides it is committed in creating profoundly gifted attendants in the field of medication. At the nearby and state level, the jobs and elements of ANA are to convince each person to go into nursing by advancing a development nursing calling by setting up elevated expectation nursing practices.In return, a serious working environment is accomplished creating a sensible viewpoint of things that come to pass as a medical caretaker. Enlisted medical caretakers are additionally helped by the relationship by leading consistent research base undertakings for nursing. The field is ceaselessly being extended. It likewise pushes for better pay for med ical attendants. It requires a superior working condition for medical caretakers and actualizes vital methods in which attendants can convey their administrations all the more productively and adequately locally.Thus, the nearby and the state advantage to a great extent from these practices, where in administrations won't be postponed and are conveyed cost-successfully. Broadly, ANA is in the front line on the require a huge restructuration of the medicinal services programs. They accepted that the social insurance is in emergency, and the expense of care proceeds develop while its quality endures and the issue ought to be routed to the approach creators, wellbeing experts and the public.Through its political and authoritative projects, ANA has taken strong positions. It communicates its longing for a rebuild program by conveying essential social insurance benefits in network based settings. On its plan additionally is an extended investment of medical attendants in conveying those administrations and getting government finance for work on, preparing and future endeavors in the field of nursing. The affiliation likewise talks about the significance of more secure needle gadgets to people.It means to ensure the privileges of patients and give them access to a superior medicinal services framework. It expects to offer open and private arrangement of standard bundle of basic social insurance administrations to each resident. The American Nurses Association exists not fundamentally to secure the government assistance of the enlisted medical attendants. It is an association that submits its reliability on things that would support the open advantage. The soundness of the individuals and an effective method of conveying administrations requiring little to no effort is the affiliation essential concerns.The organization’s steadfast endeavors are significant lift that add to human services changes on both state and national level. References (Levit, 2001) (Aike n L. H. , 2000) Aiken L. H. , C. S. P. , and Sloanne D. M. . (2000). Clinic Restructuring: Does it Adversely Affect Care and Outcomes? Diary of Nursing Administration, 457-465. Levit, K. , Smith C, . Cowan C. , Lazenby H. , Sensenig A. , Catlin A. ,. (2001). Patterns in US Health Care Spending. Wellbeing Affairs, 154-164.

Implication of Increasing Premium Rates Essays

Ramifications of Increasing Premium Rates Essays Ramifications of Increasing Premium Rates Paper Ramifications of Increasing Premium Rates Paper Clinical misbehavior protection ought to be a need for all social insurance suppliers, for example, doctors, clinical aides, attendants, and other clinical staffs. This will empower them to be shielded from liabilities and claims from considered â€Å"negligent acts†, for example, errors, mishaps, and oversights that may make wounds or mischief the patients. These slip-ups are unusual in spite of the aptitudes the clinical experts have (Rodgers). Clinical misbehavior may either be inability to analyze, misdiagnosis, ill-advised treatment or deferral in treatment. There are numerous instances of negligence, for example, wrong kidney activity, wrong treatment for influenza, or wrong eye activity. Claims other than this have been expanding over the previous years. Doctors can get away from such liabilities through clinical misbehavior protection. Be that as it may, premium rates in clinical misbehavior protection have been expanding over the previous years. In 2003, the General Accounting Office of the United States discharged a report on clinical negligence protection and the components that have added to the expansion of premium rates. The investigation was led so as to break down the issue of doctors with respect to the increments of premium rates. Doctors were anguishing that they can no longer manage the cost of the misbehavior protection and they would be constraining their administrations, accordingly. Then again, a few back up plans quit selling misbehavior protection due to little gainfulness (Medical Malpractice Insurance 2003). GAO discovered a few factors that added to the expansion of premium rates, for example, falling speculation salary and rising reinsurance costs coming about to the increment of complete costs that other premium spreads (Medical Malpractice Insurance 2003). The expanding pattern in the exceptional paces of misbehavior protection started in the mid-1970s until the 1980s on account of the numerous cases making a few back up plans stop in inclusion. Likewise, doctor possessed insurance agencies supplanted other risk bearers whose point was to gain more benefit. The pattern cut off during the 1980s when premium expanded considerably more. So as to control the expanding pattern, states passed laws to diminish premium rates (Thorpe, 2004). By the 1990s, increments in premium rates proceeded in a few states, for example, Pennsylvania. The emergency in the expanding premium rates pattern made some huge safety net providers close down, for example, the St. Paul Companies. Moreover, preparing claims by patients may take over two years in this manner making it difficult for guarantors to set premiums (Mello, 2006). Doctors in West Virginia mobilized against the high premiums which hindered the New Jersey and caused shutting of heath benefits incidentally. There were likewise follow up rallies in Connecticut and different states (Thorpe, 2004). Obstetricians, gynecologist and neurosurgeons are extraordinarily influenced by the high premium rates making a few specialists quit giving medicinal services administrations. Martha Drohobyczer, a medical caretaker maternity specialist, for instance, couldn't convey the infant of her three-year long patient who was going to bring forth her first child. Drohobyczer can't manage the cost of the recently expanded misbehavior protection costing $50,000 every year. In this way, she would not have the option to offer the types of assistance that her patients required (Babula, 2002). In 2003, the doctor claimed Medical Insurance Exchange of California (MIEC) finished inclusion in Nevada. MIEC has been giving protection fro doctors in Nevada for a long time. This move by the MIEC was dreaded to lead the pattern of insurance agencies shutting down (Babula, 2003). Last March 2007, the Americans for Insurance Reform discharged a report about the steady misfortunes or the flimsy paces of clinical misbehavior protection. By 2005, doctors paid $13,000 premium with $5,400 direct misfortunes paid. This implies specialists paid $5,400 every year to individuals who professed to be harmed in addition to the sum the insurance agencies paid for legal counselors (Medical Malpractice Inusrance: Stable Losses/Unstable Rates 2007, 2007). References Babula, J. (2002). Clinical Malpractice Crisis: Insurance costs pushing specialists away. Recovered October 19, 2007 from reviewjournal. com/lvrj_home/2002/Jan-23-Wed-2002/news/17929548. html Babula, J. (2003). Another protection firm set to leave. Las Vegas Review-Journal. Recovered October 19, 2007 from reviewjournal. com/lvrj_home/2003/Jul-31-Thu 2003/news/21845688. html Medical Malpractice Insurance: Multiple Factors Have Contributed to Increased Premium Rates. (2003). ): United States General Accounting Office. Recovered October 19, 2007 from gao. gov/new. things/d03702. pdf Medical Malpractice Inusrance: Stable Losses/Unstable Rates 2007. (2007). ): American for Insurance Reform. Recovered October 19, 2007 from protection change. organization/StableLosses2007. pdf Mello, M. M. (2006). Understanding Medical Malpractice Insurance: A Primer. Robertwood Johnson Foundation, 1-20. Recovered October 19, 2007 from rwjf. organization/pr/combination/reports_and_briefs/pdf/no8_primer. pdf Rodgers, D. Significance of Professional Liability and Malpractice Insurance. Recovered October 19, 2007, from http://profiles. friendster. com/client. php Thorpe, K. E. (2004). The Medical Malpractice ‘Crisis’: Recent Trends And The Impact Of State Tort Reforms. Wellbeing Affairs. Recovered October 19, 2007 from http://content. healthaffairs. organization/cgi/content/full/hlthaff. w4. 20v1/DC1

Reconstruction Finance Corporation

The Reconstruction Finance Corporation was a federal lending agency created by the U.S. government under President Herbert Hoover to rescue banks on the brink of failure and restore Americans faith in the financial system while minimizing the crises of the Great Depression in the early 1930s. The Reconstruction Finance Corporation eventually grew in scope to finance agricultural, commercial and industrial endeavors through billions of dollars in loans until it was disbanded in 1957. It played a significant role in funding New Deal programs under President Franklin Delano Roosevelt to help the United States recover from its worst financial crisis. Key Takeaways: Reconstruction Finance Corporation The Reconstruction Finance Corporation was created by Congress on Jan. 22, 1932, amid the Great Depression to provide emergency capital to financial institutions. The support provided to those banks has been likened to the bailouts provided in modern times.The Reconstruction Finance Corporation helped minimize bank failures and improve monetary conditions prior to the banking crisis of 1933 by financing agriculture, commerce and industry.Under President Franklin Delano Roosevelts New Deal, the Reconstruction Finance Corporation became the largest investor in the economy, representing a relocation of Americans economic power from Wall Street to Washington, D.C., according to historians. Creation of the Reconstruction Finance Corporation Signed into law by Hoover on Jan. 22, 1932, the Reconstruction Finance Act created the federal lending agency with $500 million in capital from the U.S. Treasury to provide emergency financing facilities for financial institutions, to aid in financing agriculture, commerce, and industry.   Hoover, describing the agencys role at the White House signing ceremony that day, said: It brings into being a powerful organization with adequate resources, able to strengthen weaknesses that may develop in our credit, banking, and railway structure, in order to permit business and industry to carry on normal activities free from the fear of unexpected shocks and retarding influences. Its purpose is to stop deflation in agriculture and industry and thus to increase employment by the restoration of men to their normal jobs. †¦ It should give opportunity to mobilize the gigantic strength of our country for recovery. The agency was modeled after the War Finance Corporation, the federal governments effort to centralize, coordinate, and fund the procurement and supply operations that accompanied formal U.S. entry into World War I in April 1917, according to Federal Reserve Bank of Cleveland research officer Walker F. Todd. The Reconstruction Finance Corporation distributed nearly $2 billion a year in loans in its first three years of existence, though the money was not enough to lift the country out of its economic woes. The money did, however, provide liquidity to the financial system and prevent many banks from failing by allowing Americans to remove their savings. Criticism of the Reconstruction Finance Corporation The Reconstruction Finance Corporation endured criticism for bailing out some banks and railroads and not others—particularly larger institutions instead of smaller, community-based ones. For example, the Reconstruction Finance Corporation was hit for lending $65 million in the early years to Bank of America and $264 million to railroads controlled by some of the wealthiest families and corporations in the nation. The original plan for the agency was to help rescue small banks in rural parts of the United States that typically did not have access to Federal Reserve loans. According to Hoover: It is not created for the aid of big industries or big banks. Such institutions are amply able to take care of themselves. It is created for the support of the smaller banks and financial institutions and, through rendering their resources liquid, to give renewed support to business, industry, and agriculture.† Jesse Jones, chairman of the Reconstruction Finance Corporation, pictured at the hearing of the Senate banking and currency committee. Bettmann Archive / Getty Images The agency was also subject to scrutiny because of its secretive nature, at least at first, and because it was seen as corrupt under Chairman Jesse Jones, a Houston businessman, in the final stages of its existence. It was revealed, for example, that the Reconstruction Finance Corporation had loaned $90 million to a Chicago bank whose chairman had served as president of the agency. Eventually the agency was forced to disclose the name of all of its borrowers under the Emergency Relief and Construction Act. The agency revealed that many of the borrowers were, in fact, large banks not intended to benefit from the corporation. The agency stopped lending money in 1953 and ceased operations in 1957. Impact of the Reconstruction Finance Corporation The creation of the Reconstruction Finance Corporation is credited with saving many banks and it also provided an alternative to the controversial plan of making the Federal Reserve the so-called lender of last resort to failing financial institutions during this crisis. (A lender of last resort is a term used to describe the central bank of a nation that works to rescue troubled institutions. The Federal Reserve acts in that capacity in the United States.) Critics of the Federal Reserve plan worried it would lead to inflation and even deepen the nations depression. The agency also served to strengthen the capital structure of the banking system and eventually morphed into a convenient agency through which to extend government credit to many additional groups which the Roosevelt administration sought to aid, wrote B.W. Patch in the 1935 CQ Press publication The R.F.C. under Hoover and Roosevelt. As supporters of the Reconstruction Finance Corporation noted at the time of its creation, the agencys mission was not merely saving the banks but to provide relief to millions of Americans who had deposited their money in them. Allowing the banks to fail, in other words, would have led to hardship beyond which the Depression had already inflicted. Sources â€Å"Records of the Reconstruction Finance Corporation.†Ã‚  National Archives and Records Administration, National Archives and Records Administration, www.archives.gov/research/guide-fed-records/groups/234.html#234.1.Patch, B.W. â€Å"The R.F.C. Under Hoover and Roosevelt.†Ã‚  CQ Researcher by CQ Press, Congressional Quarterly Press, 17 July 1935, library.cqpress.com/cqresearcher/document.php?idcqresrre1935071700.Saving Capitalism: The Reconstruction Finance Corporation and the New Deal, 1933-1940. Olson, James Stuart, Princeton University Press, Mar 14, 2017.

What Is Stace s Position On The Problem Of Free Will And...

In this paper I will defend W.T. Stace’s position of compatibilism in respect to the problem of free will, as presented in Religion and the Modern Mind. I will explain Stace’s position on how free will and casual determinism are compatible. I will consider the following two objections against Stace’s position of free will: compatibilism is too weak a notion of free will that it conflicts with determinism, and there is no real difference between free and constrained action. Compatibilism, also known as soft determinism, is the position or view that causal determinism is true, but we still act as free, morally responsible agents. In the absence of external constraints, our actions are caused by our desires. W.T Stace, wanted to prove that the hard determinist definition of â€Å"free† was incorrect. He posed that free does not mean random, but that our acts are casually determined in a particular fashion. There must be a deterministic or causal connection between our will and our actions. This allows us to take responsibility for our actions, including credit for the good and blame for the bad. First, Stace presents is that if there is no free will then there is no morality. If a person is not free to choose what they will do then there is not a point in instructing them on what is right and what is wrong. So, if a person does not have control of their actions, how are they to be held morally accountable? Second, Stace presents that the dispute of free will is merely a semantic

Essay on Robert Nozick´s Happiness and the Experience Machine

Robert Nozicks Happiness Many theorist believe that happiness is the only important in peoples life, and all that should matter to a person is being happy. The standard of assessing a good life is how much or quantity of happiness it contains. This openness of happiness, its generosity of spirit and width of appreciation, gets warped and constricted by the claim pretending to be its greatest friend—that only happiness matters, nothing else. Robert Nozick does not on the side of hedonistic utilitarianism, he gives several examples to show that there are other elements of reality we may strive for, even at the expense of pleasure. In this essay, I will focus on Nozicks opinion of the direction of happiness and the experience†¦show more content†¦Nozick briefly discusses the nature of pleasure, as it is clearly an important element of happiness. There are pleasures of the body and mind, as well as pleasures of the emotion. They are all valued for their felt quality that what they have in common That is what a pleasure is, and is different from something like Equality, which is not valued for good feelings , but pleasure is something valued for its felt qualities. The experience machine is one of Nozick’s best-known arguments . The experience machine is a thought experiment which posits the existence of a device that can give its user any experience desired. When one placed in an experience machine, it can program any experience, such as traveling to the moon. The experience machine is supposed to allow someone to have all and any of the pleasures in the world. However, Nozick states that even though if such machine exits no one would use it, which shows that there are more important things than pleasure. What Nozick suggests is that we would not use such a machine. Here are some arguments from Nozick. 1) if the only thing that mattered to us was pleasure, then we would plug ourselves into a machine that could any simulate experiences we desired. 2) Even if the machine existed, we would not plug ourselves into it for three reasons: ï  ¬ What we want not just experience them, but actually do certain things ï  ¬ We want toShow MoreRelatedHappiness By Robert Nozick1500 Words   |  6 PagesLife, philosopher Robert Nozick lists three conceptions of happiness, which he calls the ‘three forms of happiness’ (Nozick, p. 108). The third form of happiness is defined satisfaction with life as a whole--being able to look back on one s life and be satisfied with what one has done/experienced (Nozick, p. 110). He argues it is easy to understand why people long for this type of happiness, as it is pleasurable to experience in itself. This is, if evaluation of one’s past experiences are correct, andRead MoreWhat Does Life Mean?1127 Words   |  5 Pagesfrom the 1740 s, believes that we would want in on this proposal. He presumes that we, as humans only care about our experiences and how they make us feel. On the other hand, Robert Nozick, a different philosopher from the 1930 s, believes that we want to actually do things, not just have the experiences and feelings of doing th em. The experience machine theory above is something he thought up in order to prove his point. According to Bentham s views he would plug into this machine and expect thatRead MoreFreedom Is The Most Important Freedom Essay1693 Words   |  7 Pageswrites about her experiences of exploring nature in 1970’s USA; The US had been providing personal freedom equally to its citizens. The scholarly article, Through Pardah: Social Criticism in Women’s Folksongs from Mithilia, written by Dev N. Pathak, portrays the scenario on the importance of Nepali women’s lives within the country. This article shows the idealistic lives of Nepali women living in the country. In a philosophical book, Anarchy, State, and Utopia, written by Robert Nozick, exemplifies theRead MoreEssay about What Is Distributive Justice?5286 Words   |  22 Pagesis generally referred to as fairness regarding the pattern of distribution among individuals. In order for distributive justice to be met, i t is necessary for goods to be distributed fairly or justly. Goods are anything that holds value to any person(s); if something does not have any value then it is not a good. Value is the main requirement for something to be considered a good; therefore, not only physical goods hold value. Thus, such things as labor and medical insurance can be considered a goodRead MoreExplain the Difference Between Narrow and Preference Hedonism. Which Is a More Plausible Theory of Happiness?2995 Words   |  12 Pagesnarrow and preference hedonism. Which is a more plausible theory of happiness? 1. Introduction (250) Happiness belongs to Hedonism. If one experience more happiness during life, his life will be better. The more happiness you experience, the better your life is. There are actually two schools of thought here, Narrow Hedonism and Preference Hedonism, each with its own definition of happiness. Narrow Hedonism deems happiness a homogeneous state of pleasure, while Preference Hedonism expands theRead MoreJurisprudential Theories on IPR13115 Words   |  53 Pagesjustification of property have often been presented as genealogies: as stories about the way in which private property might have emerged in a world that was hitherto unacquainted with the institution. The best known are Lockean stories (Locke 1988 [1689] and Nozick 1974). One begins with a description of a state of nature and an initial premise about land belonging to nobody in particular. And then one tells a story about why it would be sensible for individuals to appropriate land and other resources for their

Reflective Journal on Entrepreneurship and Innovation for Knowledge

Question: Write about theReflective Journal on Entrepreneurship and Innovation for Knowledge. Answer: Key issues and insights learned After going through the entire course, I have gained in depth knowledge about entrepreneurship and innovation. The sources possess enough flexibility for enhancing my preconceived knowledge regarding the aspects of innovation and entrepreneurship. Provision of in-depth information about the entrepreneurship and its types has altered my mindset regarding these issues. Consideration of extra readings have exposed to various avenues of making noticeable advances in the field of entrepreneurship. I think the transformations in entrepreneurship are like the phases of my life cycle. Reviewing the different implications of entrepreneurship, I felt elated in terms of its widespread presence in the field of business. Out of the widespread application of entrepreneurship, I think creativity is the most important aspect. This is because creativity helps people to come up with innovative ideas. Multi-faceted nature of entrepreneurship has invoked me to study the behavior of the people around me. Within this, studying the characteristic traits of the people I know reflects my counseling mentality towards approaching the events in a creative manner. Along with this, I have also gained an insight into the comparative studies between entrepreneurship and the other related aspects. Herein, I can relate the aspect of social entrepreneurship. Delving deep into the aspect, I got to know the real nature of entrepreneurship. As a matter of specification, my experience regarding entrepreneurship was enhanced. Earlier, I used to think that it is just a mere term in business. Now, I know that entrepreneurship is the rational application of the corporate minds to discover creative and innovative ways for approaching the issues. Here, the true essence of rationality lies in assessment of the risks after the application of a certain method or solution. An insight into the viewpoints of the national bodies like World Economic Forum has improved my knowledge regarding the factors, which heavily influences entrepreneurship. The action plans published by them makes me awestruck about their cautious approach towards assisting the companies and organizations to achieve sustainable growth. Here, I feel evaluation is important for assessing the applied solution. This evaluation would bring to the forefront the major drawbacks in my dealing with the tasks related to entrepreneurship. Maintenance of consistency in the execution of evaluation would help me to conduct self-observational skills. This exercise would make me aware of the differences between creativity and the effective ways and means to generate innovative ideas. Change in the thinking of these issues The aspect of self-observation has altered my perspective on entrepreneurship and innovation. Earlier, I used to simply apply one technique to a problem, which most of the times yielded negative results. After going through different sources on entrepreneurship, the scope and arena of my knowledge has enhanced. Now, after gathering the solutions, I evaluate their effectiveness, appropriateness and feasibility in terms of the tasks, which I have been assigned. Maintenance of consistency in the execution of this step has improved my expertise as an entrepreneur. Now I have emerged successful in delving deep into the matter for performing the allocated duties and responsibilities. I do not feel satisfied until and unless I have not referred to all the possible sources relevant for executing the entrepreneurship tasks. I think there has been a lot of improvement in my skills. I can say this, as I have exposed better performance for a consecutive period. I am now eager to gain my knowledge by consulting with my parents, peers and other relatives. This was not the story earlier. I used to be my own master. I did what I felt was right. I did not listen to others. Now, I have learned that evaluation of the undertaken decisions is important in terms of averting unwanted instances. Self-observation has provided me with the opportunity to think rationally to the issues, which I need to handle. Now, before taking a task, I assess its benefits in terms of the goals and objectives in my workplace. This assessment is a conglomeration of the ideas, which I have gathered from all the possible sources. Earlier, I used to conduct this assessment merely based on the type of the sources I have received. Now, I make assessments regarding how I can use the ideas gathered for bringing creativity in my performance. Along with this assessment, I also ensure that this creativity is in alignment with the needs and requirements of the workplace, to which I am engaged. Apart from this, I now involve my colleagues for taking decisions about completion of the tasks, which have been allocated to me. This is one of the other sources, which have broadened my perspectives regarding the allocated tasks. Even in terms of taking the suggestions of my colleagues, I apply rational thinking, which helps in picking out the innovative and creative decision for enhancing my personality as an entrepreneur. Relationship between the knowledge gained and professional practice My learning is valued if I emerge successful in establishing linkages between the knowledge, which I have gained and the behavior that I am exposing in the workplace. Countering this, my personality is enhanced if I am successful in making practical application of the learned skills in carrying out the tasks, which I have been allocated. Referring to various sources on entrpreneurship and innovation has made me aware of the fact that delving deep into the aspect before initiating the process of initiating the tasks. In-depth speculation of the relevance of the sources helps me in assessing its relevance in my usage in the workplace. Here, I can cite one example. When I was assigned a task or a project, I just thought about its submission. Now I conduct in-depth research about the subject matter, which includes the identification and specification of aims, objectives and questions. Most importantly, I conduct evaluation of the undertaken decisions. This is to ensure whether I have bee n able to abide by the created aims and objectives. Now I attend various courses and training for improvement of the preconceived skills, expertise and knowledge. Attending these courses have proved beneficial for me in terms of approaching the tasks from broader perspective. I think these courses are important for all the employees in terms of judging their position within the workplace. Here, I can attach the concept of judgment, as judging and placing the steps creates a positive image in the minds of the managers. This positivity has encouraged me to perform better performance consistently. The result is reflected in the performance appraisals, which I get the exposure of this type of performance. I think the performance appraisals need to be judgmental, as it is the matter of self-respect for entrepreneurs like us. Handing over the incentives or bonus to someone, who has worked on a project beyond the shift hours one day before the submission of the deadline, reflects an error of judgment. On the other hand, privileging the employee, who has worked hard from the first day of allocation of the projects is rationally and ethically correct in terms of valuing the efforts put in by entrepreneurs like us. I feel this is important as we all have put our best efforts for fulfilling the identified and the specified objectives. Usefulness of new information All the information, which I have gained would be effective if it helps me in making practical utilization of the skills, which I have learnt in the training. I can take trainings of the candidates aspiring to become entrepreneurs like me. Within this, referring to the sources, which I have used would help me when I get stuck in giving lectures to the candidates. This would result in the transfer of skills from me to the candidates wishing to pursue their employment in the field of entrepreneurship. Apart from this, I can use the gained information in conducting further research on entrepreneurship and innovation. I can submit this research to the publishing house, which would enhance my writing skills. The outcome of this submission would be the utilization of my writings by the young and the aspirant entrepreneurships. Apart from this, books can be published regarding my research on entrepreneurship and innovation. If this is done in the form of a ceremony, it would be expose me to a lot of audience. Herein lays the effectiveness of the personality development courses, which I attended. Development of personality is fruitful for me in terms of enhancing my presentability in the workplace. If celebrities are invited in the book publishing ceremony, then I would get a chance to meet different kinds of people. Moreover, these types of ceremonies would act as an opportunity for me to enhance my preconceived knowledge, skills and expertise on entrepreneurship and innovation. I can indulge in meetings with them for knowing their journey till this point. Following the footsteps of these famous personalities would help to shine in my life. Evaluation needs to be done on a regular basis for searching out the innovative avenues open before me for enhancing my professional life in future.