Finance and Positivism

Acquaintance According with Little (2005), reasoning of sociology is an academic order that endeavors to dissect the rationale, approach, methods of clarification of the sociologies, in which its investigations incorporate brain science, human science, human sciences, history and financial matters. Sociology gives comprehension of regular communications of people and cooperations among human culture in social establishments. Giving expectation and clarification to human conduct and its results are a portion of the primary points of sociology (Rosenberg, 1988).The motivation behind this paper is to look at how theory of sociology can help in clarifying speculators’ practices. This paper is partitioned into five areas. It will start by clarifying the theoretical practices of stock merchants on lottery sort of stocks, the likely information source and technique. This will be trailed by presenting the idea of positivism and recognizing the explanations behind choosing positivism. This paper will likewise give a few reactions to positivism. In conclusion, the paper closes with a summary.Speculative Behaviors of the Stock Traders in Lottery Type of Stocks My exploration will be for the most part center around the theoretical practices of the stock merchants, for example, support supervisors and retail examiners on lottery kind of stocks. Theory is unique in relation to venture, in which as indicated by Peers (2003), On the one hand, hypothesis includes taking enormous measure of dangers endeavoring to procure brisk benefit. Theory is where expected return and hazard are both indeterminate.As an outcome, examiners need to take generally enormous measure of hazard as for endeavor to anticipate what's to come. A basic case of theory is buying gold. Theorists may feel that purchasing gold is a superior utilization of cash because of the expansion. Since gold relies more upon inflationary rate and depends less on worldwide economy, purchase gold during time of mone tary emergency will assist examiners with generating brisk benefit. In any case, gold costs are currently incredibly high, and there is no assurance that costs will continue expanding in the future.Since there are enormous changes in gold costs, theorists are likely need to shoulder huge measure of hazard when they bought gold. Then again, as indicated by Taylor Frigon Capital Management LLC (2007) speculation includes breaking down the future winning and the inclination of taking part in those future profit. The normal future estimation of speculation is higher than the expense of the venture. Expected future worth considers for the entirety of the potential positive or negative occasions increase by the likelihood of those events.Investors as a rule scan for perceptible anticipated future worth, limit hazard and speculators have ostensible hazard avoidance, which implies that financial specialists will incline toward a more ensured payout and the unsure one, in any case, speculato rs will require a higher anticipated that profits all together for them should attempt the hazard. Utilizing the gold guide to separate financial specialist and theorist, speculators buy gold and hold it for a considerable length of time, in light of the fact that after couple of decades, the profits from selling those measures of gold will be higher than the underlying expense of purchasing those measures of gold, significantly subsequent to deducting the profits from the exchange costs.Furthermore, gold will in any case be considered as one of the most valuable metal after couple of decades. Financial specialists don't have to stress that the estimation of gold will worth nothing, in this way expected future worth is more ensured and hazard is limited somewhat. Examiners buy gold during the times of money related emergency, and offer gold so as to purchase stocks during times of air pocket. This procedure can assist theorists with generating brisk benefit, in any case, it is amazi ngly difficult to foresee when air pocket or emergency will happen, and this vulnerability may make examiners experience colossal measure of misfortune as well.Lottery Type of Stocks According to Kumar (2009), a few stocks are named lottery type since they have unmistakable qualities of lottery. Lottery sort of stocks has low costs and moderately high possible result, much the same as big stake in lottery. The normal returns of lottery sort of stocks are negative yet low, and they have unsafe settlements. The value dispersion of lottery kind of stocks has high difference, and most especially, the likelihood of winning a colossal benefit is incredibly small.Since lottery sort of stocks has an extremely large likelihood of encountering a misfortune and a little likelihood to produce an enormous addition, both hazard and expected future worth are vague. By applying the meaning of financial specialists and examiners that we referenced before, just theorists will have the inclination of purchasing lottery kind of stocks, because of their hazard cherishing conduct, while speculators don't, on the grounds that chance loath speculators want to limit chance despite the fact that there is a little change to gain colossal profit.Positivism One of the fundamental points in reasoning of sociology is positivism. As indicated by the Merriam-Webber’s Dictionary, â€Å"positivism† is a perspective on logical strategies and a way of thinking approach that characterizes positive information depends on regular marvels and their properties and relations as confirmed by the observational sciences, and characterizes religious philosophy and metaphysic as prior flawed methods of knowledge.According to Perry, Riege and Brown (1999), a portion of the ontological suspicions of positivism are that the world exists remotely, it is described by normal laws and it very well may be unbiasedly seen by utilizing a logical way. As it were, positivism can be seen as a fitting philo sophy of sociology, which underlines experimental perception. Positivism is likewise connected with induction, just the occasions, things or animals that can be watched dependent on sense, understanding and positive confirmation through the five faculties can be considered as real knowledge.According to Creswell (2003), the basic epistemological suspicion of positivism is that there is an autonomous scientist of the exploration venture, who is worth and inclination free, and has no effect on the aftereffect of research or information gathered. Besides, Ticehurst and Veal (2000) states that the methodological methodology for positivism is confined in term of clarification and disclosure of realities. Specialist utilizes created speculations and structures to depict practices dependent on the perceptions and realities collected.As an outcome, logical, empiricist, experiental, deductive or quantitative methodologies are engaged with the exploration. Moreover, Guba and Lincoln (1994) ex press that the worldview stresses the worth free hypothesis testing rather than hypothesis building. A portion of the key suspicions of the positivism worldview, as per Phillips and Burbles (2000) incorporate, most importantly, specialists utilize invalid theory in light of the fact that established proof in their examination is typically error prone and defective. Besides, lion's share of quantitative examines start with the trial of a theory.Researches can be considered as an act of making claims, and in this manner either forsaking or refining them. Thirdly, information is formed by the information, proof and discerning contemplations. Besides, inquire about endeavors to create proclamations those are applicable and valid, in which they can give portrayals and clarifications to the circumstance or causal relationship. Finally, one of the most significant pieces of a skilled request is to being objective. Information and MethodologyIn request for lottery sort of stocks to coordina te the primary attributes of lotteries, above all else, the information will for the most part center around the stock with low costs (under one pound for every stock). Inside the arrangement of stocks with low costs, my PhD research will concentrate on stocks with higher stock explicit skewness, in light of the fact that these are the stock with higher expected result and they seems, by all accounts, to be increasingly alluring to theorists. Finally, among the arrangement of stocks with higher stock explicit skewness and costs beneath one pound, my PhD research will concentrate on stocks with higher peculiar volatility.It is on the grounds that stocks with higher quirky instability are bound to be considered as lottery sort of stocks, since examiners may accept that when unpredictability is high, there is bigger likelihood to understand the outrageous returns that happened previously (Kumar, 2009). The approach will be like Kothari and Warner (2006), in which the arrival of some ra ndom security at some random time can be acquired by including the normal return based expected return models, as Fama-French three elements model, to the irregular return. The strange return of a given time eriod can be gotten by averaging all the anomalous returns of the given time frame. Given the test measurements gave by Kothari and Warner (2006), the paper will test the invalid speculation, looking at the profits of lottery kind of stocks and list returns. On the off chance that the test insights are altogether lower, at that point the proof may propose that the profits of lottery kind of stocks fail to meet expectations record returns, or the other way around. Reactions to Positivism Some of the reactions to the positivism is that the ontological situation of positivist versus reality that social reality exists in a free manner to the specialist (Schutz 1954).It isn't useful for the exploratory research, in light of the fact that the examination endeavors to comprehend import ance of the guessing procedure and fluctuating impression of theorists. Berg (2004) guaranteed that individuals, occasions, items and circumstance do have meaning themselves; these components give importance because of human cooperation. Besides, it is unseemly to ask the positivistic situation on the epistemological inquiry of â€Å"In what way one can acquire information from a specific reality? † because of the proposition that researching in such a reality gives no change to that reality.Moreover, one of the principle reactions of the positivism worldview, as per Hussey and Hussey (1997), is that it is difficult to

Azande Free Essays

We are solid Catholic devotees, and we know there is mineral to this world than exactly what our eyes can retain. Much like the Agenda, I accept that there are individuals who have endowments given to them during childbirth too. The Agenda individuals realize that once they are conceived, they are given the endowment of black magic. We will compose a custom paper test on Azande or on the other hand any comparative theme just for you Request Now Much the same as certain individuals In my way of life can see, talk, and hear the individuals who are done living. We both have confidence In the perspectives and hides about death. 2. Consider the manners by which individuals from your general public are constrained to carry on in socially satisfactory manners. How do these vary from each other? The manner in which I see this is in our general public we are totally blended and in various regions. We are totally compelled to find out about regard, and participation towards each other. In our general public people can assume similar jobs, have same hard working attitude, and youngsters. We are such an assorted nation others may consider this to be a shame or Just straight up â€Å"unusual†. There could even be the individuals who see our way of life as an opportunity. The Agenda individuals help me as to remember being â€Å"old-fashioned†. Only for the way that the men, assume the huge job in the family. They are the pioneers fundamentally the â€Å"big man on amp’s† however for the family. Presently the ladies remain by their men and deal with their youngsters. In their locale they all stay together and wed inside them. They aren’t so differing like us; they even have sites so they could remain associated and together. In our general public we do anything we desire fundamentally, we truly don't have a lot to follow however government strategies. Motivation individuals have rules and gauges they should be complied. We don’t care and they regard their day to day environments. 3. Do you utilize rationale that Is comparable or diverse when clarify negative contemplations? I am the sort of individual who consistently thinks adversely, in any event, when the result ends up being a positive one, however I do accept that a few Incidents are Just mishaps. Considerations are continually tricking in everyone’s mind, in any event, when nothing awful Negative either could have ventured wrong or you couldn’t have been focusing. Essentially, Just on the grounds that that happened doesn’t mean it was arranged or plotted against you. The Agenda accept that the least difficult injury is never Just an incident or a mishap, either its black magic or somebody is against you. I can comprehend their perspective, yet once in a while misfortune Just occurs throughout everyday life. Like say for the individuals who are â€Å"accident prone† for moment, they are Just individuals who can’t help however get harmed in their own grand manners. It isn't that they have adversaries; they are simply not the most cautious individuals on the planet. I do think negative a great deal, however in my standing point at times nature Just follows all the way through and things occur without our control. I’m presumably the most antagonistic individual out there, however I do consider the truism â€Å"accidents happen†. . Is there a few diverse â€Å"System of logic† that might be conjured, contingent on the conditions? On the off chance that you are relying upon the circumstance, at that point yes there are various rationales. Mishaps do occur, however from another ethical they aren’t constantly an arbitrary demonstration of graciousnes s. This is a barbarous world, and nobody is going to hold your hand. You will consistently have someone who disdains, begrudges you, or Just needs you gone. At that point this might occur, a few people in this world will go past the condition to arrive way. Motivation put stock in assaulting their foe with the forces and enchantment f black magic. When somebody gets harmed or has a clinical issue we’d all prefer to think it was not deliberate, isn't that so? That isn’t consistently the case now. At the point when passing happens in our general public, it is normally endeavor of homicide, genuine homicide, or self destruction. Getting injured now or harming others isn’t constantly a demonstration of thoughtfulness, along these lines the Agenda individuals do have a moment that they are feeling exploited by each other. Everybody has various strategies for response with regards to their foes, however they are not constantly a â€Å"wise† decision. Step by step instructions to refer to Azande, Papers

Water Distribution System of New York City

Water Distribution System of New York City Water Service in New York Nov 16, 2018 in Coursework From the History of Water Service in New York What is the history of water service in New York and which people does it serve? The history of water services in New York City is broad. It goes back to when Manhattan settlers used to get water from wells and reservoirs. The city created its own water board in the year 1905. The boards main task was to ensure that water is always available in the city. New York City, however, established its municipal water system in the year 1842. This was first water system and the system enlarged the water network in the city. The network extended to mountains of Catskill. The mountains are approximately a hundred miles away from the city. As of now, New Yorks water system is confiscated in three upstate tank systems that have nineteen reservoirs and three lakes that are controlled. The systems have a storage capacity of roughly 580 billion gallons. The amount of water that is delivered to New York City is roughly 1 billion gallons. Water is also supplied to about one million consumers in Westch ester, Ulster, Putnam and orange counties that are found to the north of the city. The citys water supply system is one of the most widespread water system found in the world. This is because it has to rely on a combination of water tunnels, canals and reservoirs that help it to meet the water demands of the 8 million populations in New York and also its visitors. New York City also has the simplest water treatment process compared to other cities in the United States of America. The reason for this is that 95% of the entire water supply is usually supplied by gravity. The remaining 5% are usually pumped How is Water Supply in the City? Which community does this water supply serve? The residents of New York City are the biggest beneficiary of the water supply in the city. The City has a population of about 8 million people. Other communities served by the water supply include: Westchester, Ulster, Putnam and orange counties that are found to the north of the city. People who visit the city can also be grouped in the communities that are served by the water supply.

Health Care And Social Service Funding - 1409 Words

Introduction: Mainstream culture in America is constantly evolving. Family structures have changed over time with more single parent families. Support from extended family members have become minimum. Many parents are isolated with limited resources and support. This is especially true for parents who have children with behavioral problems. Parents that have children with behavior problems experience additional stress that contributes to their parenting abilities, their perceptions of their children, their relationship or bond with their children and their children’s behavior. The problem is that health care and social service funding are underprovided and there is a need for effective, accessible, and low-cost interventions for†¦show more content†¦Madden recruited participants primarily through notices placed in community newspapers and at community organizations. She also used other sources including notices sent home from schools and referrals from school resource staff and psychologists. The participants consisted of 35 parents from the Montreal area with at least one child with behavior problems. There were 25 married (or in a common law marriage) and there were 10 single participants. The parents ages ranged from 29-55 (mean of 39.17). The families had a total of 30 identified children with age range of 4-12 (mean 7.33). The family income ranged from under 20,000 to over 100,000 with a median of 60,000-69,000. 97% of the parents completed high school and 41% had obtained a university degrees. Out of the 35 participates, 22 parents particip ated in the intervention group and the remaining 13 participated in the controlled group. Madden’s group assignment was originally to be randomized using a wait-list control design. However, groups were formed based on the participant’s availability to attend the group meeting. Thus, some parents who met inclusion criteria were assigned to the control group. At the end of the study, the control group parents were compensate for with gift certificates to Tim Hortons and a package containing resource information. The pretest assessment include a briefShow MoreRelatedEssay about Funding Healthcare Services942 Words   |  4 PagesFunding Health Care Services Lakeisha Amison Professor Jerry Blackwell HSA 500 February 27,2013 Funding Healthcare Services XYZ Healthcare Organization plays a very crucial role in preventing illness, relieving pain, and promotion wellness and wellbeing of individual through all stages of life. To realize its aims and objectives, the organization needs funding to continue with very sensitive and important services. There are several approaches that can be adopted to ensure fundingRead MoreAging Society : Aging Population1661 Words   |  7 PagesAging Society During the years of 2000 and 2050, the overall population of the elderly population is anticipated to rise by 135%. The elderly population that is aged 85 and over, is expected to need more health and long-term care services, which is anticipated to rise by 350%. The burdens of the upcoming aging in population in the US is not so much originated from the rise in the aging population, by itself, but rather from the slower anticipated rise in the non-elderly, employed population. TheRead MoreParenthood : A Middle Ground1483 Words   |  6 Pagesthere was a rule passed that effectively secured that state and local governments would not withhold federal funding for family planning services. This includes contraception, sexually transmitted infections, fertility, pregnancy care, and breast and cervical cancer no matter if they perform abortions. This has been reversed by President Trump. Trump has signed legislation to cut federal funding to Planned Parenthood and other groups that perform abortion. This was a move defended by conservatives thatRead MoreChallenges Faced By The Healthcare System1538 Words   |  7 Pagessystem. Included in the analysis is the influence of these challenges on health policy and nursing practice. The challenge to be looked at is the funding for health and social care. The analysis will include the relevance of key health policy issues at global, national and/or regional level as appropriate, the effect of underlying political and philosophical principles on the organisation and delivery of health and social care. It will also show how power and abuse of power in the healthcare systemRead MoreFinancing Oral Health Care Services762 Words   |  4 PagesOral Health Care as Medically Necessary Public Health Care Service One core issue at the forefront of adding oral health care to the list of medically necessary services in Canada is financing. Oral diseases are estimated to be the fourth–most expensive diseases to treat in most developed countries (Petersen et al., 2005; Petersen, 2003). The high cost associated with oral health care, coupled with economic challenges has forced many governments around the world to reduce their health care expenditureRead MoreLack Of Treatment For Mental Illness1523 Words   |  7 Pages Problem Statement: The World Health Association defines ‘good’ health as: â€Å"a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.† However, in the United States, access to care and funding for mental health care are grossly neglected and underfunded in comparison to other aspects of health care. At the individual level, lack of proper treatment for poor mental health and mental illness has a detrimental effect. At a population level, societyRead MoreImproving The Quality Of The Care Essay1393 Words   |  6 PagesFurthermore, improving the quality of the care that is received will be cost-effective in the long-term. Primary care physicians and educators can be further trained to recognize depression as well as any other mental health disorder. With early identification and referral for diagnosis, much of the later treatment can be avoided. Intervention for behavioral health occurs in four stages – detection, medication, counseling, and continuity of care. Currently, all four areas have a deficit. DetectionRead MoreHealth Care Disparities: Nurses Need to Care Essay1639 Words   |  7 PagesHealth Care Disparities: Nurses Need to Care The United States government spent 2.3 billion dollars in 2010 on federally funded healthcare initiatives and programs according to a report from the U.S Department of Health and Human Services (2008). Despite this astronomical amount of money, health care disparities continue to plague disadvantaged populations in the United States. A health care disparity is defined as differences in incidence, mortality, prevalence, disease burden, and adverse healthRead MorePaper1149 Words   |  5 PagesAn important social welfare demand is the establishment of efficient healthcare services to accommodate the demands of living in the modern era. Differences in socioeconomic status and existing health care policies contribute to the variation in care quality. Mosadeghrad (2014) noted that factors affecting health care quality can be evaluated using Donabedian measurement to assess technical quality, interpersonal quality, and amenities. Thomas (2014) stated that eliminating health care dispar itiesRead MoreProcess of Funding Health Care Services1007 Words   |  4 PagesFunding Health Care Services Name Course Professors Name Date Funding Health Care Services: The health care system is one of the major sectors that have attracted huge debates in the past few years. The polarizing debate is attributed to the fact that the health care system is fragmented and relatively inefficient. As a result, many Americans spend more on health care services than any other nation across the globe but still suffer from huge insurance, administrative waste, and uneven quality

The Racism Of African Americans - 959 Words

The embedment of racism into American society has created severe disadvantages for African Americans. In addition to the negative effects of individual racism, systemic racism s crushing discrimination has devastated the African Americans in this country. Due to the horrors of systemic racism many African Americans find themselves at economic and social disadvantages. The education opportunities they encounter are far more limited than the ones White Americans do. As a result, African Americans often achieve fewer educational successes than their white counterparts. The lack of opportunities for African Americans leads to higher rates of crime. Furthermore, the discrimination faced by African Americans, in particular males, attributes to the exceptionally high incarceration rate of blacks in the prison systems. These negative effects can also lead to many mental health issues. The problems of racism, both systemic and individual, represent systems that inherently benefit White Americ ans over African Americans. Thus, this paper intends to convey the presence of racism that permeates American society. The Prevalence of Racism Against African Americans in American Society The racism against African Americans exists in both past and present. White Americans historically subordinate treatment of African Americans characterizes and directly impacts the social and economic disadvantages many blacks find themselves at today. According to Yancy (2015), about 80Show MoreRelatedRacism On African Americans : Racism Essay2094 Words   |  9 PagesRacism On African Americans The history of America has been shaped powerfully over the years by racial inequality and race. Most Americans believe that the freedom fighters in establishing of their country were motivated by their thirst for religious liberty, freedom, economic and political independence. However, it was established in terms of oppression, inequality, and domination, leading to the slaves’ denial of freedom. Therefore, this makes it to be the greatest inconsistency in the country’sRead MoreThe Racism Of African Americans771 Words   |  4 PagesFrom the beginning African Americans started off as kings and queens of Africa. They ruled their own people. Stories have been told how the rulers were tricked by English men or most commonly known as the â€Å"white man.† This has been configured and no one really knows the true story because we didn’t exist then. African Americans were deprived from their mainland. Blacks were then transported to the New America. In 1619, th e first blacks were enslaved in Virginia. They were used to do many jobs byRead MoreThe Racism Of African Americans858 Words   |  4 PagesAfrican Americans have suffered from racism in so many horrific ways! They have been used in ways unexplainable to the mind. Whether it was through sexual abuse or dating all the way back to slavery times. However, in today’s society African Americans are still being affected by racism not only in a physical, emotional, and mental manner but, also in their way of living. How would you feel if you were judged by the color of your skin to the point where you can’t even make a living? Racism is aliveRead MoreRacism : Racism And African Americans1868 Words   |  8 PagesRacism has been a problem in the United States of America for a long time, dating back to early America when the Native Americans were often attacked, harassed, and killed. Another early problem of racism is the African slave trade. Enslaving and trading the African people amongst white people also helped contribute to the environment of a racist culture in America by demoralizing the African races and teaching white Americans that they are better than the African races. Although the civil rightsRead MoreRacism Against African Americans : Racism1575 Words   |  7 Pages3 4 February 2016 Racism against African Americans â€Å"I believe in human beings, and that all human beings should be respected as such, regardless of their color.†-Malcom X. Is racism against the African American descent still a big issue in America? Racism against African Americans has been going on for quite some time and yes, it’s still a continuous problem. People believe it has settled down over time, but it’s still a major issue that we as Americans are trying to overcome.ThereRead MoreRacism And African American Women Essay1543 Words   |  7 PagesIn today’s society, racism is viewed as a controversial and hot topic. In both institutions and in everyday situations, this concept can be found and is often used to justify an action, thought, or a perception. In his article, Dr. Eduardo Bonilla-Silva offers several definitions of racism; he quotes Dr. Richard Schaeffer’s succinct definition, which states racism as â€Å"‘...a doctrine of racial supremacy, that one race is superiorâ₠¬â„¢ (1997:465). Racism affects the African-American community very stronglyRead MoreRacism And Its Effects On African Americans1490 Words   |  6 PagesRacism one of the more wacky position held by a major portion of the human race. Can you think a world in which a golden retriever hated black Labs? That is exactly how measly people look when they feel panic and differentiate against other people for the tint of their leather. unluckily, in spite of dialectics and reason, color bar remains ancient of origin and continual in to our present days. The word slavery has been connected with the African people since the Laying vessel of the EuropeanRead MoreThe Racism Of African Americans2803 Words   |  12 Pages African Americans have been the subject of racialized and digressive talk that has socially constructed them as criminals and disturbed individuals, which challenges their humankind and their entitlement to an honest to goodness social and racial personality. Such racialized talk has it’s establishes in suppression, was duplicated among the Jim Crow period, and is kept up today through systemic prejudice to keep them from having a solid character, one that the world can acknowledge and respect.Read MoreRacism And Its Effects On African Americans1953 Words   |  8 Pages â€Å"Racism the belief to distinguish a race with beliefs that they are superior to another†. As racism remains a major setback in America, it is in no Comparison to how it was like back in the days. From the pain it caused and the poor innocent people being tarnished on just cause of the color on their skin, this was a horrific phase to those who lived upon it. We have accomplished enormously but then again we still have much to improve. With the most discreet subtle form, modern racism is slowlyRead MoreRacism And Discrimination On African Americans1210 Words   |  5 PagesExtremely similar to her use of characters, Morrison also expresses the impact of racism and discrimination on African Americans through her frequent use of symbolism.2 In The Bluest Eye, an extremely important symbol is blue eyes (Crayton 73). Blue eyes are used to symbolize racially based beauty standards and the power associated with whiteness (â€Å"Bluest† LitCharts). In the novel, society believes that if a person does not have white skin, he or she is not beautiful. Pecola Breedlove falls victim

Influence of Management Style on Creative Firms Free Essays

string(69) " the employees to treat their customers is the philosophy of Google\." Contents Contents2 Introduction3 Section One4 Management styles in creative firms4 Section Two6 Benefits and reasons of having a suitable management style6 Section Three8 Alternatives and comparisons8 Conclusion10 Reference Page11 Introduction By the definition from the book written by Howkins (2001), creative economy includes advertising, architecture, art, crafts, design, fashion, film, music, performing art, publishing, research and development, software, toys and games, television and radio, and video games. Nowadays, creative industries have become an important economic role in many developed countries, for example, America, United Kingdom, Canada, Japan and Hong Kong. Take United Kingdom as an example, department for culture, media and sport (DCMS, 2010, p. We will write a custom essay sample on Influence of Management Style on Creative Firms or any similar topic only for you Order Now 6-8) states that the creative industries contributed 5. 6% to Gross Value Added (GVA) in 2008, excluding Crafts. In addition, DCMS also lists that creative industries provided 2. million jobs in the summer quarter of 2010 in Great Britain. Last but not least, creative industries exported 17. 3 billion services in 2008. Based on the statistics above, it shows that creative industries have a great contribution in British economy. Since creative industries are becoming more and more critical in a mature economy, it is fascinating to figure out what essential factors can lead creative firms to be successful. As a result, I decided to evaluate the factors that influence the management style for a creative firm since I am interested in business management and it would benefit my future studies in university This essay is mainly concentrated on the management style using in creative industries, the benefits of the management styles, and evaluating the connection between the successes and particular management style. This essay is divided into three sections. Firstly, the management tyles using in creative industries will be stated and discussed, the aim of this section is to find out the management styles in modern economy and hence, can be studied deeply in the section two. In section two, the benefits and the reasons of using a particular management style in the creative industries will be evaluated. The idea of this section is to work out the influence of management style on creative firms. Finally, in section three, alternatives of management styles and comparisons will be commented. In this section, different management styles can be compared; therefore the pros and cons can be accounted. Section One Management styles in creative firms In order to analyze the role of management in a creative firm, I am going to provide several management styles in some famous creative firms. By understanding the intermediates of the management styles, the importance of management for a creative firm can be figured out. In addition, we are going to go through some successful creative firms in the world for evaluating the elements of their successes, and try to make a connection between the achievements and the critical management styles. Media is the first example I am going to discuss. Howkins (2001) mentions that, media belong to the sort of creative economy. So the management style using in a media company does reflect the function of management style in creative firms. Bilton (2007, pp. 67-69) states that in 2000, there was a huge change of management style at the British Broadcasting Corporation (BBC). Before the succession attempted by Greg Dyke, there was a straight management style in the BBC by the pervious director general, John Birt. Bilton (2007) claims the management of Birt as old fashion since the structure in the BBC was a tall organization structure before 2000, which means that the management structure within the BBC was a tall hierarchy. Decision-making was from the top of the board of directors down to the employees. In addition, Bilton states that there was a â€Å"strategic centralization† inside the BBC. It means the board of directors had the absolute power in the BBC. Based on the example provided by Bilton, it is not difficult to see that the management style in the BBC was autocratic management. After the succession, Greg became the director general and there was a huge change in management style at the BBC. Bilton claims that as a new management style for the BBC. Describing by Bilton, Greg was a program-maker and the first thing he did after his arrival was making the BBC a more inspired and interesting place to work. All the employees were encouraged to give new ideas for perfecting the BBC. Under the entirely new management style, the employees were more willing to contribute their ideas to the senior managers. Bilton comments the Greg’s management style brought the BBC a new working culture and made the BBC â€Å"the most creative origination† in the world. Another example I am going to give is a software firm, Google. Larry Page and Sergey Brin founded Google Company in 1998. It has become one of the most successful software companies in the world by having more than 25,000 employees and valued at more than 150 billion US dollars (Jackson, Schuler and Werner, 2009, p. 3). Jackson, Schuler and Werner mention in their book that the management style, especially human resource management, appears as a critical factor in the success of Google. They show that the managers in Google highly respect the employees and provide as much as they could to the employees in order to stimulate their creativities. One of the evidence is that there is only five percent voluntary turnover rate of Google employees per year (Jackson, Schuler and Werner, 2009); also, Google was the top five in the ranking of â€Å"the top 100 best companies to work for† in 2011 (CNN, 2011). Last but not least, Jackson, Schuler and Werner state that there are more than 1 million people apply to work at Google every year. All of the above show that the employees in Google have a great satisfaction. Jackson, Schuler and Werner show the importance of human resource management in Google. For example, they suggest that treating the employees as same as the company wants the employees to treat their customers is the philosophy of Google. You read "Influence of Management Style on Creative Firms" in category "Essay examples" They also claim that there is a strong connection between the business strategy and managing human resource in Google. By the examples provided above, it is not difficult to find that the management styles applied in creative industries have a direct impact on the performances of the companies. As a result, having an appropriate management style in a creative firm is a critical factor for leading the company to be successful. Section Two Benefits and reasons of having a suitable management style It is obvious that a suitable management style is a critical factor for leading a creative firm to be successful. In this section, the benefits of having an appropriate management style and the reasons of applying a particular management style will be discussed. Based on the examples given in the last section, the management styles applying in creative firms can be concluded as democratic and even Laissez-faire. Since the employees in the BBC and Google are both highly respected; in addition, the senior managers currently accept their opinions and ideas (Bilton, 2001; Jackson, Schuler and Werner, 2009). Therefore, the management styles in creative firms should be based on the satisfaction of employees because the creativities and ideas are the most valuable resource in creative economy; Florida (2002, p. xiii) has a similar idea that the creativity from human is the critical supply to the creative economy. Bamfield (2006, pp. 52-154) suggests that the function of management in creative firms is to stimulate the creativities and encourage employees to generate new ideas. Since creativity is a force for making a creative firm to be successful, therefore Bamfield also claims that the managers should provide a full support to employees in order to fulfill their satisfactions. Jackson, Schuler and Werner (2009) also support the similar idea, which the founders of Google concentrated on giving the employees everything they needed to create and innovate. Foote (2001) emphasize in his book that it is important to keep employees in an informal, open and friendly working environment. This can stimulate their creativity and ideas development. And he states that the manager cannot be too emotional with the employees, otherwise, it might affect the decision-making. Therefore, we can conclude that employees-based management style can have a positive impact on stimulating creativities, encouraging contributions, and generating new ideas and innovations. At the same time, the manager cannot be too emotional, which might lead to wrong decision-making. Comparing with the old-fashion management style, tall hierarchy, power centralization, and limits of decision making from subordinates, the new-management style (freedom, good communication between workers and managers) is more suitable in a creative industry. Davila, Epstein and Shelton (2007) show that the successful development of younger electrical firms after World War 2 in Britain was benefited by used a more open mind management style and stimulated the innovations. On the other hand, older firms could not be successful because the old fashion of management style. This is because the old-fashion management style inhibits the innovative development. To conclude, an old-fashion management style (autocratic) is not suitable for creative economy because not only it contributes nothing to creations and innovations, but also worse it restrains the expansions of new ideas. Thus, a creative industry is hardly successful with an old-fashion management style. Last but not least, the satisfaction of labor is also a consideration of whether it is a suitable management style for a creative firm or not. Since Singh (2001) claims that a controlling style of management will lead the employees being passive. In order to control those passive employees, a more constricted control is needed. In this negative circle, a high labor turnover, low-morale, arguments or disagreements, low efficiency and poor sense of belonging to the company will be occurred. Singh gives an example that the managers from Mainland China applied an authoritarian management style and lead to the negative impacts mentioned above. In a conclusion, an unsuitable management style in a creative firm will conduct a huge negative impact to the industries. Section Three Alternatives and comparisons Management style plays such an important role in creative firms, how to pick a suitable management style should be the most difficult question to the senior managers in those creative industries. The information given above is a simple guideline to pick a appropriate management style since it mentions the management styles using in different kind of creative industries, some of them are famous all over the world. In addition, it provides a wide range of benefits of different management styles and the conditions of using them. Actually, the management style that is suitable for a creative firm can be mainly divided into two big groups, one of them is democratic, and another one is Laissez-faire. These two management styles are quite similar to each other by the information provided in section one and two. The huge difference between these two is that democratic is described as more tructural and formal; on the other hand, Laissez-faire contains more freedom for workers and the structure of the company is more like an individual work force. Bilton (2007, p. 67) states that the management style in creative industries is similar to a ‘non-management’ management style, which means the managers are almost invisible in the management; however, the employees can still contribute a lot to the creative firm. The managers would not set the deadline of the products and the employees can fini sh their works a relaxing and creative way. Therefore, the products can be created in a high quality. Take Google as an example, the employees in Google are encouraged to do their creative pursuits and Google will even provide 20 percent of the workweek to them (Jackson, Schuler and Werner, 2009). Compared with Laissez-faire, the management style inside Google is more like a democratic management. It seems that the founders of Google treat the employees as a kind of resources more than contributors to the company. The reason of claiming that is due to the strategic approach to managing the employees. It might seem like Google already has had a plan to deal with the employees. On the other hand, the real example of Laissez-faire is hardly found. It might be because the over freedom of management style cannot give the board of directors confidence of making profits; since the manufacturing of innovation and new creation is not secured under Laissez-faire. In addition, it is tough to get the investments from the investment banks or investors because the managers are not able to give a warranty of making a brisk sale product. As a result, Laissez-faire is hardly appearing in the modern creative economy. Stewart (2011) also suggests this idea and she gives a significant example of the failure of Laissez-faire in her journal. Conclusion To conclude, the management style does play an important role in creative economy and it is also a critical factor that can lead the industries to be successful or failing. By the examples given in section one, two management styles are mainly applied in creative economy, which is democratic and Laissez-faire. The reasons can be found in section two, one significant reason is that these two management styles can provide employees a better orking place that can stimulate their creativities and generating new ideas. In addition, a new and suitable management style can prevent the labor turnover since employees’ satifactions are fulfilled; also it can avoid the restriction of creating new ideas. Finally, in the modern creative economy, democratic management is mainly used. It is because the creation of products or services is more secured when comp aring with Laissez-faire. Also, democratic management can give the board of directors more confidence and the investment banks as well. Therefore the creative industries can more easily apply the investment from the investors. Management style is an essential part on developing creative economy and has a significant impact on it. Reference Page Bilton, C. (2007) Management And Creativity: From Creative Industries to Creative Management, Oxford: Blackwell Publishing Ltd Bamfield, P. (2006) Research And Development in the Chemical And Pharmaceutical Industry, Weinheim: Wiley-VCH Verlag GmbH Co. Davila T. , Epstein M. J. , Shelton R. (2007), The Creative Enterprise: Execution, Westport: Praeger Publisher Foote C. S. (2001), The Creative Business Guide to Running a Graphic Design Business, New York: Creative Business newsletter. Jackson, S. E. , Schuler, R. S. , Werner, S. (2009), Managing Human Resources, Mason: South-Western, Cengage Learning Singh, A. (2001), Creative Systems in Structural and Construction Engineering, Rotterdam: A. A. Balkema Howkins, J. (2001), The Creative Economy: How People Make Money From Ideas, Penguin CNN Money (2011), 100 Best Companies to work for, [online] Available at: http://money. nn. com/magazines/fortune/bestcompanies/2011/full_list/ [Accessed 13 May 2012] DCMS (2010), Creative Industries Economic Estimates, London, UK: Department of Culture, Media and Sport, retrieved 9 December 2010 Stewart, H. (2011), Laissez-faire has failed us. Now we’re getting panicky intervention. Guardian Observer, [online] 27 November 2011. Available at: ; http://www. guardian. co. uk/business/2011/nov/27/laissez-faire-failed-panicky-intervention; [Accessed 14 May 2012] How to cite Influence of Management Style on Creative Firms, Essay examples

Woodstock Essays (401 words) - Woodstock Festival, Music, Rome

Woodstock WOODSTOCK 99 From Peace, Love, and Music to Rapes, Riots, and Raw Sewage On the last night of the three day event, know as Woodstock, held in Rome, New York, at Giffiss Technology Park a decompressed Air Force base - many people have said that a riot occurred. But in reality the real riot happeneds of the course of the three day event, not as a single chaotic, explosive event but as a slow-motion disintegration of the chains that might hold 225,000 people together. What happened isnt really hard to describe. With nothing more to hold them together, the crowd indured the heat, the sewage, the trash, and the drugs until all that was left was the feeling of standing in a tired, dirty crowd of people and at the end knowing you are all alone. In light of all the chaos the event will go down in history as one of the best rock concerts ever. Over the three day events notable bands such as Limp Bizkit, Kid Rock, Korn, Rage Against the Machine, Metallica, and the Red Hot Chilli Peppers played on two stages and entertained a more than 200,000 people. Along with the raves that were held every night, with DJs such as FatBoySlim and the Chemical Brothers hosting them, this festival showed to biggest range of music then the other two. But it was the one having the biggest accident record. Aside from the riots on the last night the New York State police have made forty arrest for crimes commited during the festival and are investigating more than ninety other reported crimes, including eight sex offenses. So far the death count from Woodstock stands at four: Two people dead as a result of heat exhaustion and one from a heart attack, and a women was hit by a car. Some blame the high ticket prices, which were $150 as well as the brutal heat, expensive cost for food and bottled water, nasty conditions and greedy promoters for the chaos the cause and estimated $600,000 in damage. Others have singled out aggressive artists like Limp Bizkit and Korn, which in my opinion is an idiotic excuse for any act of violence. Any time you put 220,000 kids on a slab of asphalt and you charge those prices, something is going to go wrong, Lars Ulrich of Metallica. Music Essays