Balanced Scorecard approach to Technology Assignment

Balanced Scorecard approach to Technology - Assignment Example There might also be disrupting technologies that make the entire range of products or business models haywire.   Along with this, due to lack of proper communication, the problems are not looked into or solved in the right manner by the right people. A company would formulate its strategy in such a way that it enables the business achieve its desired goals and it is the path that would lead the company to its success. This is necessary so that the company can translate its innovative ideas to stories of success in reality.Development of the Balanced Scorecard SystemFirst of all it is important to know and understand the stakeholders that of the company and their individual objectives. Then the strategic components of the business have to be identified and their present position has to be analyzed. These components are the vision, the mission, departmental goals, the core values of the organization and the various dimensions of performance and the forecasting of the probable results .Now for using a Balanced Scorecard approach for Reliant Technologies the health of the company can be measured from both financial and Non Financial perspectives (Kaplan and Norton, 1992). This is the advantage of Balance Scorecards measure that it looks into the business beyond the numerical figures of financial statements and exhibits a better insight into the bigger picture. The main areas of the Balanced Scorecard would be as follows (Figure 1).Accurate Financial data and the proper interpretation and forecasting.... Then the strategic components of the business have to be identified and their present position has to be analyzed. These components are the vision, the mission, departmental goals, the core values of the organization and the various dimensions of performance and the forecasting of the probable results. Now for using a Balanced Scorecard approach for Reliant Technologies the health of the company can be measured from both financial and Non Financial perspectives (Kaplan and Norton, 1992). This is the advantage of Balance Scorecards measure that it looks into the business beyond the numerical figures of financial statements and exhibits a better insight into the bigger picture. The main areas of the Balanced Scorecard would be as follows (Figure 1). Figure 2 Balanced Scorecard Figure 1: Balanced Scorecard (Source: Kaplan & Norton, 1992) Financial Aspect Accurate Financial data and the proper interpretation and forecasting are required for the crucial analysis of the financial position of the organization. This data should be available to each and every segment of the operations of Reliant so that all the persons concerned would know how and which factors are changing the bottom-line of the balance sheet. Rigorous metrics on the profitability like EBIT, EBITDA and Operating Income have to be done to understand the real position of the business. Thus centralization of the system is necessary for the managers. Assessment of the Return on Investment The assessment of financial position is not enough. The situational analyses of risky situations that Reliant might face and the costs and benefits of undertaking different projects should be done instantly. Prior calculations of return on investments have to be undertaken before going for any kind of new project that

Studying in American university of Kuwait Essay Example for Free

Studying in American university of Kuwait Essay Established in 2003 by Amiri Decree 139, American University of Kuwait (AUK) is an autonomous liberal arts institution. Its campus is situated at the intersection of Salem Al Mubarak Street and Amr Ibn Al As Street in Salmiya district, Kuwait. In addition, AUK is a certified body by the council for private universities and the Ministry of Higher Education of Kuwait state. The administrative structure and educational standards are based on the American model of higher learning. The University strives at equipping students with essential skills for promoting critical thinking and value for diversity. One of the major motivations for applying at AUK is its educational quality and diversity. The fact that the medium of instruction is English, the university offers a serene environment for any English speaker. Consequently, students from around the globe can join, owing to the fact that English is the most widely spoken language. In addition, with its large garden enclosed by offices and classes, the campus design offers an open atmosphere for intensive learning. Apart from the design, its interactive and relaxing structures have greatly motivated me to study at AUK. This is mainly offered through pool tables and HD televisions found at a tent located at the main gate. AUK does not only offer curriculum activities, but also extra curriculum opportunities like athletics and clubs. Examples of athletics offered include, soccer, volleyball, basketball and table tennis, among others. Since the university values a multicultural and a lively campus involvement, students of different cultural background makes this a reality. Similarly, self-awareness and effective communication skills offered, leads to responsible, morally acceptable individuals in societies. Thus, I believe I will become a good ambassador of the institution. Moreover, the students clubs and associations play a crucial role in giving back to the community. This is through community service activities, where I can take part and at the same time create goodwill between the institution and the surrounding community. In summary, I am convinced that my relationship with the AUK administration will create a win-win situation. The modern facilities and the high-speed internet services do not only attract me, but will also make my life in campus lively and collaborative. The institution has IT developments that will ensure a rich learning environment. A wide range of degree programs offered in the institution creates a convenient space for diversity. Lastly, I find the university location quite peculiar. Surrounded by major malls and cafes with American style, the location is just one of a kind.

Cross Cultural Issues in Performance Management

Cross Cultural Issues in Performance Management When planning to expand into the global marketplace, the expanding business should set forth a well-planned business process that considers the inherent cultural differences that considers the inherent cultural differences that may exist from country to country. Cultural differences can almost always be identified as one of the primary reasons for the gaps in global internet development. Cultural factors were considered the predictors of the level of acceptance of Internet in a society. Cultural factors also determine the section of a society most likely to use the Internet, the purpose of the use of the Internet, the site visited, purpose of use of the Internet, the site visited, purchase decisions, etc. Hence it is important to consider the cross cultural issues and differences when developing any type of global business strategy The problems that arise in joint ventures become even more salient in the new forms of multicultural organizations that have been called collaborations. When the group working together contains members from three or more cultures and may be operating in yet a fourth different culture, or may not be co-located at all, what kinds of cultural issues are likely to come ? Misunderstanding the rules and norms surrounding the issue of authority is probably the most common problem in newly formed multicultural groups. The high degree of formality that is associated with diplomacy can be understood as a defense against making mistakes in this cultural arena. But formality itself can lead to problems if there nonsufficient understanding In the work situation, if the leader is from a culture in which it is expected that subordinates will speak up if they have a relevant piece of information, but he or she is dealing with group members whose norms dictate that one does not speak up until the boss specially asks, and even then one suppress information that would embarrass the boss, one can foresee that this group will have difficulty being effective. Misunderstandings around authority then have a direct impact on the quality of communication that is possible Another example of going global is seen in personalized service firms such as law and accounting .These professions are focusing on cross-border activities like recruiting the local people who have their own culture, language, legal systems and accounting systems. The need for international expertise and capital is one reason for this trend. Companies of professionals are forming alliances with their foreign counterparts such as the Alliance of European Lawyers. In only 10% of 191 nations are the people ethnically or racially homogenous. Never before in history have so many inhabitants traveled beyond their homelands, either to travel or work abroad, or to flee as refugees. In host countries, the social fabric is being reconfigured and strained by massive waves of immigrants, whether legal or illegal. It is estimated that Chinese now constitute 3% of New York Citys population, with a quarter million of them concentrated in Manhattan Islands Chinatown, which overflows into older ethnic neighborhoods. This is the largest Chinese expatriate group outside Southeast Asia. The Industrial Age has given way to the Information Age, and we can only speculate on its replacement in the next one hundred years. Thus todays leaders are required to develop new models of management systems. They need to be more innovative and recognize the role of each and every employee in the organization in order to achieve the overall organizational goals. These dramatic changes in the workplace are producing some interesting challenges for everyone, from entry-level employees to top management. The management of the organizations should be ready to face these conflicts and challenges that may happen when the people from diverse cultures work together as a team to achieve organizational goals. But management can also enjoy the different opportunities like productivity, expansion, and new levels of growth due to the cross-cultural environment. Our research is about successfully handling these conflicts and takes advantage of these opportunities Globally, cross-cultural research has become increasingly essential. We can see people from diverse cultures in European countries. In this modern age , there is a need for cultural awareness and to understand people beliefs and practices. This, I argue, can be obtained by research, particularly the qualitative approach. I think cross-cultural research is very important that can help organizations to understand and create awareness about issues that may arise when people from different cultures work together as a unit 1.2 Research Questions What Is the Function of Culture? What Are Cultural Differences? Do Cultural Differences Really Have an Impact on Workplace? What are cross-cultural issues and how can we resolve them to improve organizational performance? What Are the Signs and effects of Cross-Cultural Management Issues in organizations and how can we resolve them? What Are the Signs and effects of Cross-Cultural Teamwork Issues in organizations and how can we resolve them? What Are the Signs and effects of Cross-Cultural Communication Issues in organizations and how can we resolve them? What Are the Signs and effects of Cross-Cultural Career Management Issues in organizations and how can we resolve them? 1.3 Research Objectives The purpose of our research is to understand the cross-cultural differences that exist in organizations and their impact on the performance of the organizations. We will also pinpoint how the rewards, leadership and communications get different perspectives in cross-cultural environment. We will also study the importance of training programs and their orientation in cross-cultural environment. The focus of our study will be on Cultural differences and similarities Behaviour in global perspective Cultural shock Managerial responses Decision making across cultures Motivation across cultures Reward across cultures Leadership across cultures Power and conflict across cultures Communications across cultures Environments across cultures Organization structure and technology across cultures Cross-culture training 1.4 Key Literature view Initial Knowledge Management (KM) strategies relied heavily on ICT-based solutions to store and retrieve explicit organizational knowledge. However, these ICT-based strategies often failed to deliver meaningful results (Ambrosio 2000). To date, much of the KM literature has focused on corporate and organizational culture, with relatively little attention paid to the implications of national culture. However KM, which is context embedded, is a particularly culturally dependent process (Glisby and Holden 2003; Nonaka and Toyama 2003). Effective KM practices developed by and for one culture may not necessarily be successfully used by other cultures (Pauleen and Murphy 2005). This is an important point as cross-cultural knowledge sharing has become more prevalent through the forces of globalization, advances in communications technology, and increasingly culturally diverse workforces (Cox 1991; Nemetz and Christensen 1996), as well as through international mergers and acquisitions, Internet based e-commerce, and an increasing trend to global outsourcing. Meanwhile, dominant Western cultural assumptions about knowledge and KM influence KM research and development. Given these factors, an understanding of the influence of national culture is now, arguably, a critical requirement in understanding and implementing successful KM in organizations. 1.5 Methodology We will focuses primarily on secondary cross-cultural comparisons (using other peoples data). Some measurement techniques lend themselves more readily to comparison than others. We will also use participant observations and un-structured interviewing that are usually a necessary first step in any field study. It goes without saying that any measure used across sites needs to be applicable to all the sites. Most comparative field studies deal with general domains of life that are found in all societies-for example, words and classification of colors, kin, animals, and plants, ideas about illness, raising children, and social behaviors. We will Compare Primary Data from Field Studies for Behavior Observations 1.6 Research ethical issues Distinct and conceivably unanticipated ethical issues emanate from the unpredictable nature of qualitative research. Ethical considerations relevant to quantitative research impact qualitative investigations in unique and more fragile ways. The ethical dilemmas Inherent in issues surrounding informed consent, anonymity and confidentiality, data generation, treatment, publications, and participant-researcher relationships are reviewed in light of the unique issues that emerge in the design and conduct of qualitative investigations. Ethical standards for qualitative investigations must evolve from sense that the research is dynamic and that the process, by its application may result in unanticipated ethical concerns. The researcher must remain open to the possibility of new, and, to date, unexamined ethical concerns related to qualitative research. Further, the evolving standards must be grounded in the ethical principles of autonomy, beneficence, and justice Researcher must observe certain basic principles when conducting any form of research that involves human subjects. First, participants must not be harmed, thereby supporting the principle of beneficence. In any qualitative investigations, if researchers sense that the interview is causing issues to surface that may result in emotional trauma to participants, they must protect the welfare of the participants that confidentiality and anonymity will be upheld and that participants will be treated with dignity and respect. The principles of beneficence and justice are upheld in this regard. The three ethical principles of autonomy, beneficence and justice provide the organizing framework for meaningful dialogue regarding ethical issues that pertain to qualitative investigations

The Benefits of Integrating Computers into the Early Childhood Classroom :: Teaching Education

The Advantages of Integrating Computers into the Early Childhood Classroom Each year, new technologies hold the promise to alter the way we think and learn. Computers are prevalent everywhere, and they are making their way into school systems around the country (Roberts, Carter, Friel, and Miller, 1988). It is obvious that there is a demand for technological instruction in high school and college. However, the question of if computers should be implemented into early childhood classrooms is still prudent. With computers all around us, it is inevitable that children will be exposed to them, and they will eventually be facilitated into their daily lives. The purpose of this research paper is to explore the advantages, disadvantages, and methods of integrating computers into the early childhood classroom. How Computers Effect Young Children Early childhood experiences should maximize young children’s overall growth and development. Their eyes should be opened to the wonderment of learning and the pleasures of discovery. Computers can by an important tool to optimize young children’s potential, and help aid the learning process (Scoter 2001). Before deciding to introduce children to computers, it is important to address the potential benefits and dangers the machines have on youths. Potential Dangers Some people believe that computers should not have a place in early childhood classrooms. They speculate that computers will rob children of their childhood, replace other activities, reduce creativity, and lead to social isolation. It is feared that computers will force them to learn what they are not ready to learn. The machines are often viewed as one more thing to rush young children through their vital childhood years (Scoter, 2001). Whether computers will rob children of their childhood totally depends on how they are used. If children are forced to use computers for lengthy periods of time with drill software, computers could very well rob them of their childhood. On the other hand, if computers are used in appropriate ways that meet children’s development level, they can benefit young children, and teach them what they are ready to learn (NAEYC, 2001). It is also believed that computers will replace other childhood activities, such as building with blocks, painting pictures, or playing â€Å"house†. Exposure to computers may hinder children’s developing understanding of the real world. In reality, this does not occur. Whenever something new, whether it is a paint set or a computer, is first introduced into a classroom, all the children want to use it.

IPL Ruining Cricket Stars

Indian Premier League destroying International Cricket Money, fame, and power are the liberties that cricket players have nowadays. In India where cricket is consider a religion and cricket players are considered Gods. Mohammed Azharuddin was the captain of Indian cricket team in 1985 and he is now an Indian politician. He is the member of the Indian National Congress, which is the major political party in India. He is also the member of parliament of house in India. In India cricket was first played in 1932, but it wasn't until 1983 when cricket drew approximately million fans.India won its first World Cup in 1983, beating West Indies, a team who was considered favorites to win the tournament. India's proudest captain Kapil Dev lifted the World Cup trophy for the first time in front of thousands of people at one of the historic Cricket ground at Lords in England. This was Just the beginning of new cricket era in India. After almost two decades, Indian cricket was in threat of losing its fame due to few players and the captain itself was involved in match-fixing.This made entire nation angry and it drew fewer crowds, however when â€Å"Saurav Ganguly took the captaincy for the team in 2000 he changed the face of Cricket in India† (Empire of Cricket-India). He made everyone believe that no one should take Indian team lightly in international cricket; soon cricket began to take its peak by producing some of the finest players for India such as Sachin Tendulkar and Rahul Dravid. When India won its first inaugural Twenty20 World Cup in South Africa, it created a new taste in Indian Cricket.People began to like twenty20 cricket, because it was quick and results were faster. The BCCI (Board of Cricket Control in India) created IPL known as Indian Premier League, but they ignored the fact that by oing so they are destroying the international cricket. Lots of cricket is being played around the world such as test, one-day, twenty20, and domestic cricket. Cricket matches is affecting players' performances and encouraging them to retire from one or more format of the game due to their tight schedule.Indian Premier League is consider as one of the prestigious domestic league in cricket and it attracts players from international cricket by offering mouthwatering salary of million dollars to the players to play in their league. India stuns the world in 1983 by winning the World Cup. No one had expected or even dreamed about India qualifying for finals and that too facing West Indies who won consecutive World Cup in 1975 and 1979. When India qualified for the semi-final many people were satisfy by India's performance, but India wasn't so they went onto the final by beating England.During early 1970's and 1980's West Indies was the toughest opponent to face and most batsman from other country feared to face West Indies bowlers. â€Å"West Indies possessed the most fearsome bowling attack and possibly the most brutal batting line-up that anybody h ad ever witnessed† (Abbasi 1). Facing West Indies was the nightmare for any team in early 1970's and 1980's. There was a big hand of Kapil Dev in India's win over West Indies in World Cup. Kapil Dev became hero in minutes after taking a stunning match winning catch of Viv Richards, the catch gave â€Å"India belief.And West Indies panicked† (Bal 1). Viv Richards was the only player who would have help West Indies to make it hat-trick tor the number ot wins in World Cup. W n him gone West Indies dream faded away to put their hands on third World Cup title. â€Å"In hindsight it can also be said that the catch changed the way cricket would be played, for it awoke India to the possibilities to win the World Cup† (Bal 1). The catch from Kapil Dev brought India closer to the victory and with that 1983 World Cup belongs to India. It all came out in 1999 when cricket in India was in threat.India went through dark days in 1999 and it wasn't the great year for the cricket players and especially for the cricket fans. Leading cricketers were accused of match-fixing and then a police report proved that there was a direct link between cricketers and illegal book makers. Former Indian Cricketer Bishan Bedi once said, â€Å"Sickening absolutely sickening and hen some of the players were found to be indulging in that kind of nonsense, cricket died for many days† (Empire of Cricket-India). People lost faith in everything they had seen and they no longer trusted the results.India's cricket captain Mohammad Azharuddin was involved in match-fixing with many other players such as Ajay Sharma, Ajay JadeJa, Manoj Prabhakar, and Dr. Ali Iran', a physiotherapist. â€Å"The Indian government orders the Central Bureau of Investigation to probe the match-fixing allegations and to find out whether any Indian cricketer or official was involved† (Ravindran 2). This event was eye opening for many fans and the government itself felt that they need to take act ion to provide Justice for the millions of cricket fans in India.When CBI released the report on match-fixing in November it accused those players of having links with bookies and of under-performing in return for huge sums of money. â€Å"Manoj Prabhakar told CBI that he was offered 2. 5 million rupees ($53,000) by a teammate to underperform in a match against Pakistan in 1994† (Magazine 2). â€Å"Titan Cup in 1996 between India and South Africa was fixed, Pepsi Asia Cup in Sri Lanka in 1997 was fixed, and Pepsi Cup between India and Pakistan in 1999 was also fixed† (Ganapathy 1). Mohammed Azharuddin and Alay Sharma were involved in the following fixed matches.Based on the evidence each time the match was fixed players received from â€Å"$19,000 to $400,000†³ (Ganapathy 1). People were in shock for years when they realized their cricket God cheated on them. These led to a public outcry demanding punishment for the players. Mohammed Azharuddin and Ajay JadeJa we re banned from the cricket for life time and few players took retirement from cricket due to their shameful act. To take Indian cricket out of darkness and into the light India needed a new leader. Saurav Ganguly known as Bengal Tiger of Kolkata was named captain of the Indian cricket team in 2000. Now, under Saurav Ganguly, Indians always such bad travelers, had begun to win abroad† (Bose 242). He made every Indians proud and made cricket more loveable. He began well as a captain leading India to the final of ICC Knockout Trophy in 2000 and ICC Cricket World Cup in 2003. Unfortunately India lost both these finals; one against New Zealand in 2000 and Australia in 2003. When India toured England during the summer of 2002 there were big expectations on the shoulder of the young kipper with India not able to secure a series win in England since 1990.During the final match of the 2002 Natwest Trophy between India and England held in Lords, Ganguly took off his shirt in public and brandished it in the air to celebrate India's stunning win of the series. Harsha Bhogle a cricket commentator said, â€Å"India was a great talking nation, but wasn't great doing nation and they found that when Saurav came along and ne actually took that shirt ott, people said an nn someone's nas actually done it. Someone has done what we wanted to do and there wasn't any script written he Just did it† (Empire of Cricket-India). Ganguly had the vision that we can do it.And that's what it made a difference. Former Pakistani cricketer Ramiz Raja once said â€Å"India vs. Pakistan this is what cricket is all about. It's the contest that people look forward to. † Cricket played between India and Pakistan is often considered war than a match. There is always pressure on 11 players from both the nation when they face off. The reason why a match between India and Pakistan makes so much exciting and thrilling is because India's independence from Britain in 1947, both countries have fought three wars and they are still in disputes over Kashmir.During India's tour of Pakistan in 2004 the tension across the border was enormous. When India beat Pakistan in test series after 50 years it was a great gift for the people in India and people serving in Indian Army. This was by far the greatest achievement for team India under the captaincy of Ganguly. Intikhab Alam Pakistan team manager said, â€Å"Both teams cannot win, and somebody has to lose. Let it remain a cricket match and don't make us feel like we are standing on a warfront† (Doherty 3). The word defeat is not accepted to the fans from both the countries.Defeat to the ans means that they have been slapped on their face. India Pakistan cricket is considered as one of the prestigious cricket rivalry. It is the competition that even different international team such as Australia and England look forward to. During the 1996 World Cup India and Pakistan played in quarter-final match for the spot in sem i-final, two Pakistani fans died. â€Å"One had a heart attack and the other reportedly turned his gun on himself after shooting his TV in disgust at Pakistan's 39-run loss to India† (Doherty 2). Cricket played between India and Pakistan is the battle of do or die.India is a cricket crazy country where cricket runs in the blood of every Indian on the planet. There is an old saying that â€Å"Cricket is an Indian game accidentally discovered by the English† (Gopalan et al. 1). This is so true, because cricket in Indian culture is so popular that every child that is born in India wants to play cricket. It is the sport that unite entire nation together. Cricket has the unique ability to unite all of India over and above its diversities. â€Å"Inspiration, Passion, Obsession, Devotion, cricket evokes myriad responses across India.India rejoices every time team India ins and despairs at every loss† (Gopalan et al. 1). During the 1996 World Cup when India lost to Sri Lanka for the spot in final, fans erupted in Kolkata cricket stadium. At the scent of a defeat Indian fans started â€Å"throwing empty bottles; burning newspaper which is symptomatic of the growing intolerance and fanaticism of the Indian crowds† (Gopalan et al. 2). Indians fans react to the team lose very quickly and they want their team to win every single game which is impossible. â€Å"Perhaps the problem is that Indians expect too much from their cricketer† (Bose 240).Indians fans are Just aiting for the opportunity to show their anger towards their team when India loses. â€Å"For the large numbers of urban middle class Indians who embraced the game, it was a case of encountering a new and exciting sport, one that was far more interesting than the Indian options that existed at the time such as gilli danda, hockey' (Kasbekar 269). Cricket is more popular in India, because India doesn't have too many sports unlike the United States where they have hockey, basket ball, baseball, soccer, and football.The fans are evenly distributed when they have more choice available in ports while in India there is only one way ot tan tollowing which is Cricket. During the high profile match or tournaments Indian crowds are like ants and the cricket match is like sugar. Crowds are so glued to their seats or television set that they forget their problems in their life. The recent World Cup held in India, was big success for team India as they won their second title after 28 years. â€Å"India vs. Pakistan World Cup 2011 semi-final was watched by 67. 3 million people, India vs.Sri Lanka World Cup Final was watched by 68 million people† (Dhawan et al. 1). Cricket is ery popular and it draws more fans when India is performing at its best during bigger tournament. â€Å"There is no doubt that what made cricket so popular in India was nationalism. Cricket had become a reflection, a focus, and an instrument of Indian nationalism† (Kasbekar 269). Cric ket is the only sport that gives fans a chance to show their love and support towards their nation. When India plays against England or Pakistan it is the great atmosphere for the fans to support their team.The other reason cricket is so popular is because there is no caste system in India when it omes to cricket. People from any caste can play cricket for his national team. Indian cricket team is a big example of diversity there are players from different religions such as Guajarati, Muslim, Marathi, South Indian, and Punjabi. A person from different religions unites team India and it makes cricket more lovable. India's current cricket captain M. S. Dhoni comes from the lower caste. Now comes the new generation of cricket. The Indian Primer League also known as Indian Paisa League. Paisa in India means money.IPL's power is taking over the world. â€Å"The survey ndicated that 54 percent of the players would retire from one or more formats of the game because of too much internatio nal cricket† (Magotra 2). Sri Lankan player Lasith Malinga retires from test cricket to focus on IPL and Australia Player Adam Gilchrist retires from all the format of the cricket such as test, one-day, and twenty20 to play in ‘PL. â€Å"The money has made many international cricketers choose IPL over their countries† (Magotra 1). Virender Sehwag from India decided not to tour the West Indies series, because he wanted to play in ‘PL.Few Indian players decided not to tart their treatment on their injuries, because they did not wanted to miss out from ‘PL. According to the DNA: Daily News &Analysis former Sri Lankan cricketer Arjuna Ranatunga said, â€Å"IPL is the monster that will go on to destroy international cricket. † I agree with the former captain of Sri Lanka, because if the youngsters gets the chance to play in IPL and if he starts to make millions of dollar than why would he want to play for his national team if he can make a good livin g out of ‘PL. Bishan Bedi once said, â€Å"l find it suffocating honestly. I find it the most vulgar expression of cricket.It's not cricket, No† (Empire of Cricket-India). Few former cricketers find IPL as one of the destructive tournament that will affect the real cricket and its taste. But IPL is so much popular in India that even women are interested in watching IPL games. â€Å"Inspired by the English Premier League city based franchises has been created and sold for over 500 million pound. Players from all over the world are auction for sums beyond one million pound† (Empire of Cricket-India). Harsha Bhogle a cricket commentator said, â€Å"History will record 20 years from now as IPL as the greatest urning point ever in history of the game† (Empire of Cricket-India).The way IPL is going it will affect the international cricket by having few players retiring from their national team; this affects the fans that are true cricket lover towards their nati on. From the success ot I PL other countries such as Bangladesh, Pakistan, Sri Lanka are considering to create their own twenty20 domestic league such as Sri Lankan Premier League, Pakistan Premier League and Bangladesh Premier League. With all this domestic cricket being played it will go on to destroy the real meat of cricket which is ne-day and test cricket.People have to remember that Indian Premier League is dessert and people cannot live on dessert forever they have to respect the real meat of cricket by banning the domestic twenty20 league. India is very rich cricketing nation where lot of people looking to make investment in cricket. â€Å"But there are fears that this big hitting twenty20 cricket will end up destroying traditions of ancient and modern in India and wider empire of cricket† (Empire of Cricket-India). All eyes are on India as they became the superior governing cricket nation. International Cricket Council should intervene in domestic cricket by banning twenty20 cricket league.The way there is demand for the players in IPL I think it is going to be very difficult to put restriction on the international players to not allow them to play in IPL, but for the sake of cricket and preserving the ancient culture ICC and BCCI should take this action and stop IPL from further destruction. International players have earned fame and popularity by playing for their national team not by the ‘PL. IPL is playing with fans emotion by encouraging players to play in their team and the downside of this is hat those players are taking retirement from other format of the cricket due to too much cricket matches.

Dutch Disease

(1. What is meant by the term? ) Introduction Over 50 years ago on 1960, when a sprawl bed of liquid gas was discovered in North Sea, Netherland overjoyed exploiting the natural resource and became a net exporter of gas. The demand for Dutch guilder in order to purchasing gas, rose and made it extremely strong. It left a lot of currency to a level the manufacturing export was no longer competitive. Later on 1970, when oil price soured by 4 times; UK was tempted to invest in North Sea oil industry in Scotland.Soon after exporting the oil, UK encountered with a serious recession following labor strike. Firm workers demanded for higher wage because their disposal income has decreased which stemmed from the fall in expensive commodity demand. UK has become a net export of oil and Pound got appreciated. The rest of the industry left the market and firms started cutting their cost of human resources. Since then the term of â€Å"Dutch Disease† assign to those with heavy reliance on their supply of natural resources that downturn the non-resource aspect of economy.The Export–oriented manufacturing system is divided to two parts; More competitive sector-normally energy sector- grow faster and further while the less competitive step back and the related employment fall substantially and in more serious crisis concludes to deindustrialization. Both mentioned event are correlated with exchange rate development. The term of â€Å"Dutch disease† for the first time came in an article in The Economist -1977 that described the case as a natural resource curse.The name of Dutch Disease generally associated with a natural resource discovery, but it can be seen in any trade or investment activity that results in a large inflow of foreign currency, including a rise in natural resource prices, foreign aid, and foreign direct investment. The inflow of American treasures into Spain in 16th and gold discoveries in Australia in the 1850s are other two example of Du tch Disease diagnosis. By 1978, this story repeated in Iran. The oil price jumped and other local roduct like hand crafts, carpets, agricultural product, minerals, precious stones, Zofran, Pistachio became expensive and was not affordable for the neighbors and other importers to import. Such small industries never sustained in the market and some of them wiped out. Iran became the importer of rice, wheat, carpets. That took many jobs and money out of economy. Russia is likely to be another victim of this disease. Nearly 40% of GDP, 60% of export revenue and 60% of government revenue depends on oil and gas production. General perception of Russian economics, like other resource-rich countries, expects the symptom of disease.Russia as one of the main oil producer can easily impact on oil price by reducing or increasing the amount of production. In both situations, their intake of money from oil exportation is huge. It strengthens the Ruble and impact the export revenue as a whole. Bes ides pouring unmanaged wealth problem, the direct investors intend to invest in mines and oil/gas wells and rigs or take over the related companies (direct investment). Moreover the related industry attracts the indirect investors to stock market to buy their shares.These all concludes to CAD appreciation which is not what a commercial sector of an economy try to reach at. Since we are on another side of history, revolution against energy consumption and climate change got more serious, the countries that are too dependent on natural resource are being questioned more than before. Except for short-run effect of asymmetric growth on resource allocation and income distribution, we are better to think about long-run issue of not renewable resource depletion rate and future plan for rich-resource countries. 2. Detail and outline the channels that could cause such an effect) Dutch Disease Mechanism The underlying mechanism of the Dutch disease is that the real exchange rate of the resour ce- rich economy tends to appreciate strongly with the rise of the export revenues from the resource sector. In turn, the appreciation harms the economy’s exports from the manufacturing sector leading, over time, to de-industrialization . Regarding the pattern of history, the resource-rich countries manifest a short term prosper while others fallen behind due to: . Natural Resource discovery and exploitation 2. Increase in foreign currency 3. Foreign direct investment 4. Foreign aid 5. Natural resource price growth While at the mid-term they would experience: 1. Resource price artificially inflate the currency 2. Run up in commodity price 3. Losing price competition in market 4. Become weak in manufacturing sector 5. Become a net import of manufactured goods 6. Losing export power in goods other than natural resources 7. Leading to uneven economyThis is the mechanism in which non-resource industries get hurt by resource industry which proudly increases the wealth and spread t he benefit unevenly across the country that accounts for hidden economy turmoil, which make manufacturing jobs, move to lower cost countries. Canada and Oil Sand Fever (3. Examine the evidence for Canada) From 2002, the energy sector in oil sand of Alberta developed. The total rise of world oil price covered all extra cost of oil sand refinery process and made it profitable to that level which triggered exploration, expansion, extraction and export of oil.Obviously the nominal GDP per capita jumped and the Canadian exchange rate appreciated and the manufacturing sector has contracted. While the rise of the energy and commodity prices brings obvious benefits for Canada as a whole, it has raised also a lot of concerns of policy makers and economists. Tom Mulcair, the NDP leader, who is being accused of dividing the country against each other, named the oil sand of Canada the dirty oil. He said that the booming of oil industry in Saskatchewan province would hollow out other provincesâ €™ economy.He believes the oil exportation drive up the value of dollar and hurt manufacturing sector. The studies show that the appreciation of Canadian dollars relative to USD is driven by three factors. One of them is the strength of the CAD due to export oil, secondly the weakness of the USD, increase the appreciation of CAD, and the last factor is the booming of world energy price. Between 2002 to mid-2008 the price of oil and the other commodities got back to very low levels, however the manufacturing sector remained at the same weak status.The Dutch phenomenon becomes a disease if the manufacturing sector does not come back when the resource boom is over. (4. Arguments for and against the preposition) Investigating the proposition that the country has experienced a period of Dutch disease, two conditions may need to be fulfilled. First, see if currency appreciation has driven up by the export oriented commodity prices. Second, see to what extend unemployment has been affe cted in the manufacturing sector. According to Krugman (1987), it becomes a disease when the manufacturing sector does not come back after the resource boom.There are some contra verse arguments which claim that natural resource industries create jobs. Strong currency brings significant growth. While the food and energy security is so important in today’s world, there is no reason to blame these sectors for bad economy. Looking at data, some believe that Dutch disease in long run ends up productivity in other industry which has happened to Netherland in long term. (5. Government role to reduce the incident or mitigate the effect- foreign exchange intervention) â€Å"The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application. – Miguel de Cervantes Saavedra Under transparently and wisely management, if government can diversify the manufacturing and export sectors to reduce dependency on the booming sector and make t hem less vulnerable to external shocks, such as a sudden drop in commodity prices and at the same time avoid dumping all export revenue in the economy and devote fund of energy revenue to enforce other part of the industry through privatization and restructuring, the economy would be more resilience and integrated.In countries with temporary resource discovery, policymakers may want to protect the non-trade sectors through foreign exchange intervention that is, building up foreign exchange reserve through the sale of domestic currency to keep the foreign exchange value of the domestic currency lower to insulate the economy in condition the extra wealth spend wisely and to lead to inflation.Nobody expect government to call for a slowing down of resource development, but it is expected that policymakers help to boost the innovation, investment in human resource and spend more on research and development which leads to higher productivity of skilled worker via retraining which should b enefit the vulnerable sector. Developing the new energy infrastructural -pipe and rigs- intelligently and sustainably help peaking natural gas prices not being blamed for driving up inflation and driving down exports of manufacturing goods. In Russian, a few think that the national population must meets the domestic supply.They claim that they are not that much depends on export revenue. Moreover they firmly believe that their non-oil industry is not that much big to get hurt from global competition and they would continue to develop the oil sector which is more competitive and they are good at. In Chad, after oil discovery on 2004, the Chadian government invested the income on developing crop production and feeding poor people at the same time. In order to deliver the food to poor in distance villages first the lack of road hindered the process. So the next object was to improve transportation infrastructural.That was the example of successful policies for avoiding Dutch disease. U sing the country’s huge income of oil and gas for public and rural household welfare and investing particularly in, for example, development of road and irrigation infrastructure and improving water access would adverse the affection of Dutch disease. â€Å"If revenue can create a serious opportunity for development and poverty reduction, it certainly is a good opportunity for corruption as well, feeding political claims and increasing the risk of conflict† (page 47) Exchange rate and Spending effect (6. ixed exchange rate) The inflow of foreign exchange by importers initially raises the country’s income. There are two policies how to spend the money. If the foreign currency is traded with foreign commodity and spend on import, the domestically product goods are remained unharmed. But suppose it is converted to local currency, this time the local productions get affected. If the central bank decided for a fixed nominal exchange rate, after conversion the currenc y, the money supply increases, the local demand increase and local production price rise which leads to higher real exchange rate.If the exchange rate is flexible, the value of the domestic currency increases due to the increased supply of foreign currency, which again leads to higher real exchange rate, in this case through a rise in the nominal exchange rate rather than in domestic prices. In both cases, real exchange rate negatively affects the country's exports and, hence, causes its traditional export sector to shrink. This entire process is called the â€Å"spending effect. † †¢Corden, W. M. and J. P. Neary. 1982. Booming Sector and De-Industrialisation in a Small Open Economy.The Economic Journal, 92 (368) pp. 825-848. †¢Coulombe, S. , R. Lamy and S. Rogers (2007). Adjustment in High Trade Exposed Manufacturing Employement in Canada, Industry Canada, Mimeo. †¢http://www. imf. org/external/pubs/ft/fandd/2003/03/ebra. htm †¢Ebrahim-zadeh, Christine (M arch 2003, Volume 40, Number 1). â€Å"Back to Basics – Dutch Disease: Too much wealth managed unwisely†. Finance and Development, A quarterly magazine of the IMF. IMF. †¢Corden and Neary . 1982. and Corden . 1984. †¢Stephanie Levy. 2001. â€Å"PUBLIC INVESTMENT TO REVERSE DUTCH DISEASE: THE CASE OF CHAD† †¢

hate criem Essay

hate criem Essay hate criem Essay New York University New York University is now one of the largest private universities in the United States. The campus is located in downtown Manhattan’s Greenwich Village. NYU offers alot of oppotunities for students with over 400 student clubs and organizations, hundreds of sports and residence hall activities, guest lectures and film screenings, and city excursions and community service opportunities, students get involved with the University, with their college, in their residence hall, and most important, with each other. Students and faculty have access to an exceptional range of facilities, services, residence halls, and dining locations. Academic facilities include nine libraries as well as dozens of specialized centers and institutes. Everyone has access to advanced computer resources and specialized offices that address almost every need from medical attention to discount theatre tickets. Many of NYU’s academic and administrative buildings and freshman residence halls border Washington Square Park. The sidewalks are full of students on their way to class, and members of the NYU community fill the restaurants, shops, and other businesses. Both on campus and off, the people of NYU are directly involved in the day-to-day excitement, culture, and opportunity of the city that serves as a very real extension of NYU’s campus and classrooms. There are 43,911 students attend New york University,which is 43,363 more than the average for all Colleges and Universities. and it is one of the largest university in the us. NYU requires scores for SAT/ACT to be for reading 620/70, Math score of 630/740 and writing 640/730. A G.P.A of 3.6 and up . NYU want to have kinds that are involved in electives and outside of things that help your community grow. The most popular majors at New York