Saturday, August 31, 2019

Executions be replaced by life without parole Essay

In criminal law, life sentence or life without parole means putting to jail somebody for the rest of his/her life for the crimes committed whereas death sentence means executing those criminals who are found guilty of committing some very serious crimes like murder, attempted coup or raping. Myself I am not an advocate of capital sentence but I support life sentence. Life without parole is also known as determinate life sentence. It means being sentenced to life imprisonment without any possibility of being released in future. American government spends a lot of money by executing criminals than it spends in giving life sentence. For this reason and others I think executions in America should be replaced by life without parole. Execution in Texas is not something new. In 1980 there were two men who were alleged to have killed a clerk somewhere, both of them fired shots at the clerk but it is not clear who exactly killed the clerk though both of them admitted to have fired at the clerk. To the corridors of justice it did not matter whether it was one of them or both who killed so long as they agreed to have fired and killed the clerk. One of these men was called Mr. Nicholas he was twenty years old when he was arrested but was executed when he was forty five years old. In this case, I don’t think justice was done. This is a good example of many cases where justice is not allowed to take its course. The state should have tried to establish who between the two killed the clerk. In a case like this one a person who is innocent can be killed and he is not given a chance to argue his case. Therefore on this basis I condemn execution of prisoners instead, they should be given life sentence. This is the only practical thing and reasonable method whereby the offenders can be given time to reassess themselves. Again they continue living though they are not necessarily free. About half of the total criminals who are executed in America come from Texas. It has the highest number of executions in America. It contravenes one of the Ten Commandments that Moses was given by God In the past, capital sentence was highly valued but of late it is not. In fact many states in USA have abolished it. In the past decades the argument was that capital sentence deters crime, it was a religious conviction or what is called the Law of Moses an ‘eye for an eye’ or ‘tooth for a tooth’. It was also thought that the states were spending huge sums of money feeding, clothing and providing healthcare for murderers, rapists and other dangerous criminals. This seemed to be silly and outrageous but now the argument has changed. In fact the former supporters of capital sentence are now singing a different tune. Today, the argument is that USA is finding it very expensive to execute criminals than to jail them for life. Surely, this is something that any sensible person should see. All states should awake to the fact that USA is wasting a lot of money in executing criminals instead of using this money on development projects that can benefit all. For example in North Carolina (Gold R. 2002; 89) about two million dollars are spent on effecting execution. When you compare capital sentence and life sentence, a person sentenced for life only needs to be fed, clothed, treated and guarded. Therefore it is cheaper to life imprison than to execute. The reasons why capital sentence should be abolished are that, the death row convicts spend a lot of money trying to fight for their freedom. They must hire lawyers who charge them exorbitantly so that they could argue about their fate, the process of appealing has become more protracted. Like in the case mentioned above, the convict spent about 25 years in jail before his life was terminated. Justice delayed is justice denied. The state spent alot of money to keep him than it could have spent if he was jailed for life. The reason why the execution process is long is that an innocent person may sometimes be executed. Therefore a lot of time is taken to dig in for finer details that could prove beyond reasonable doubts that the person alleged to have committed the crime really did it. According to the governor of Maryland his country spent 22. 4 million US dollars to execute death penalties. This money could have been used to pay at least 500 extra policemen a year or provide drugs for treating 10,000 drug addicts. He said when this money is used on other projects that are useful apart from executing law breakers, it becomes an investment that save lives and reduce violent crimes (www. Amnestyusa. Org;/Abolish) Most of the methods used to carry out death penalties should be abolished for they contravene human rights. A person is subjected to a very nasty experience that even the executors could not like to imagine themselves in. For example in lethal injections, a person is subjected to excruciating pain. The poison is injected to the criminal. It contains pancoronium bromide for killing his nerves and potassium chloride which is used to stop the heart beat. Sometimes the dose injected might not be enough or not well mixed. In such a case the victim takes longer than it should to die. The prisoner dies in intense pain from asphyxiation. For example there was a case in Florida whereby the executor missed to inject the drug in a vein and put it in the muscle. The victim died after 34th minute. During this period the victim writhed, grimaced and groaned suggesting that he was in pain. Another instance that shows that capital sentence violates human rights is of Saddam Hussein; the former president of Iraq. He was executed on 30th December 2006 during his execution, when the platform dropped, Saddam’s neck was broken and it could be heard at a distance that indeed his neck was broken. His body was left suspended on the noose for a few minutes before it was confirmed by the doctor that he was dead. The actual pictures were posted on the internet are horrific. The crimes he committed could not be compensated by his life plus the amount of money that was spent since his search begun trial and execution. According to (Baicker K. 2001; 12-27) more than 100 billion US dollars were spent. All this money was spent just because of one person. His trial was complicated and protracted. The much that was spent on his trial was more than what could have been used to keep him alive for the rest of life or be used to take care of other prisoners. Another reason why I am an ardent supporter of life sentence over capital sentence is that the criminals who are executed are like any other citizens who contribute to the economic. They play vital role in the economy. Some of them are even businessmen, doctors, teachers etc. The part they played could not be played by another person. So when a person is executed, the nation at large goes at a loss. These people could be taken to prison hospitals, schools and other businesses to offer their services there until they die and these people are not paid so, it is like killing two birds with one stone. States should also know that most of these criminals who are executed, some of them are highly educated and have different professions. The state has used a lot of its resources in educating them. Thus instead of taking all this money to waste, it should take advantage of their education by reaping some benefits from it instead of incurring a double loss. That is by trying and executing somebody whom the state has invested its resources on. Governments should reconsider their decision on capital sentence by trying to look this issue from an economist stand point. While still on this topic, I think USA should look and analyze capital sentence from an economic perspective. For example when a criminal who is the sole breadwinner is executed, his/her family lands in a sea of troubles. A family that was capable of providing itself with food starts depending on the government to provide to it everything that it needs. This becomes a burden to the government because it has to increase its budgetary allocation on the orphans funds and other unfortunate members of the society. Currently, US government spends les on poor families. I think it is because of many reasons abolition of capital sentence included. I think if it could be used as in the past decades, this cost would amazingly go up In California (Maganini S. 1988; 750-902) death penalty spends 114 million US dollars which is more than what is spent on life sentence. In executions according to the 2005 Los Angeles times study, California tax payers part with more than 250 US million dollars to finance a single execution. This government spends 11. million dollars on appointed counsel for those convicts who are in the death row and 12 million US dollars are spent by the federal government on defending death row convicts who are presented to federal courts. In 2005 according to the governor of California (Los Angeles Times) he needed 230 million US dollars to construct a new death row. In Kansas it was estimated that in 2003, its government used 70% more than the cost of executing other non-death penal ties. With all facts and figures put on the table, I do not think there is any person who can still argue for the continuity of death penalty. It is costly, unfair and inconsequential.

Friday, August 30, 2019

How does discrimination affect people with mental illness?

People with mental health problems experience many different types of stigma. This article explores the attitudes and beliefs of the general public towards people with mental illness, and the lived experiences and feelings of service users and their relatives. Keywords: Mental health/Mental illness/Stigma/DiscriminationThis article has been double-blind peer reviewed5 key points 1. Stigma can affect many aspects of people’s lives 2. Self-stigma is the process in which people turn stereotypes towards themselves 3. How the general public perceive people with mental health problems depends on their diagnosis 4. Stigma can be a barrier to seeking early treatment, cause relapse and hinder recovery 5. Future research should investigate the experiences of service users and their families to understand and measure the impact of stigmaStigma can pervade the lives of people with mental health problems in many different ways. According to Corrigan (2004), it â€Å"diminishes self-esteem and robs people of social opportunities†. This can include being denied opportunities such as employment or accommodation because of their illness. Stigma in the form of social distancing has been observed when people are unwilling to associate with a person with mental illness. This might include not allowing the person to provide childcare, or declining the offer of a date (Corrigan et al, 2001).Self-discrimination or internalised discrimination is the process in which people with mental health problems turn the stereotypes about mental illness adopted by the public, towards themselves. They assume they will be rejected socially and so believe they are not valued (Livingston and Boyd, 2010).Being discriminated against has a huge impact on self-esteem and confidence. This can increase isolation from society and reinforce feelings of exclusion  and social withdrawal. The Queensland Alliance for Mental Health (2010) observed that people with mental health problems are  "frequently the object of ridicule or derision and are depicted within the media as being violent, impulsive and incompetent†. It also found that the myth surrounding violence has not been dispelled, despite evidence to the contrary.In light of this, the Department of Health (2004) funded a programme called Shift, which aimed to reduce the discrimination that those with mental ill health face. The DH (undated) found that â€Å"many people with mental health problems say that the biggest barrier to getting back on their feet is not the symptoms of illness, but the attitudes of other people†.Reviewing the literatureEBSCO was used to access the CINAHL, BNI and MEDLINE databases to search for available literature with the keywords â€Å"discrimination† and â€Å"mental† in article titles. This produced a total of 428 articles. The search was then limited to narrow down the number of results. Limits were applied as follows: Publication date was set between Janu ary 2000 and December 2010; Original research studies and journal articles were specified; The age range was limited to over 17 years old.The refined search resulted in 155 articles.In order to assess which articles were relevant, further inclusion and exclusion criteria were set. For example, articles that included the general public’s perception and attitudes towards mental health were included, and only primary research articles were used. Twelve articles matched the criteria.FindingsThe literature reviewed suggested that the way in which the general public perceive people with mental health problems depends on their diagnosis. Those with schizophrenia are seen as dangerous and unpredictable (Crisp et al, 2000).People with alcohol and drug addictions are not only seen as dangerous, but the public also blame them for their addiction (Crisp et al, 2005). There still seems to be a general consensus that anyone with mental  illness is unreliable, especially in terms of looki ng after children. Many believe having a mental illness reduces intelligence and the ability to make decisions (Angermeyer and Matschinger, 2005).Discrimination and stimga have been linked to ignorance and studies show the majority of the public have limited knowledge of mental illness, and the knowledge they do have is often factually incorrect. Many still believe schizophrenia means having a split personality. In addition, many do not understand the difference between mental illness and learning disabilities and there is still a common misconception that those with depression can â€Å"snap out of it† (Thornicroft, 2006).Depression and anxiety disorders do not have the same weight attached to them as psychotic illnesses but they are nonetheless stigmatised. People with depression are often seen as lazy and hard to talk to (Thornicroft, 2006). Public opinions seem to be held across the board, with no significant differences in relation to gender, education level and income. However, there were differences between age groups, with those in their teens or early 20s and those over 50 expressing the most negative attitudes (Alonso et al, 2009; Crisp et al, 2005).Crisp et al (2005) noted those in the 16-19-year age range had the most negative attitudes towards people with mental illness, particularly towards those with alcohol and drug addiction. These results are surprising considering widespread reports of young people’s alcohol and drug use. These findings reflect a â€Å"them† and â€Å"us† type of thinking and suggest that many of those who use alcohol and drugs do not consider the possibility that they could become addicted themselves.There were some indications that public opinion had become more positive, suggesting greater tolerance and understanding towards mental illness than in previous years (Angermeyer and Matschinger, 2005). However, these findings should be interpreted with caution; the DH (2001) found huge discrepancies between the views the public expressed in surveys and the actual behaviour as experienced or witnessed by service users and service providers.The mediaThe media have often been accused of sensationalism by portraying mental illness inaccurately in their quest to gain higher ratings. However, the media can also play an important role in reaching out to many different audiences to promote mental health literacy. Celebrities such as Stephen Fry (diagnosed with bipolar disorder) have spoken publicly about their illness and this seems to be effective in reducing stigma (Blenkiron, 2009). Chan and Sireling (2010) described a new phenomenon in which patients are presenting to psychiatrists claiming to have and seeking a diagnosis of bipolar disorder.However, the lived experiences of mental health service users tell a different story to the findings on public attitudes. In the articles reviewed service users said they experienced stigmatising attitudes and behaviours in many aspects of the ir lives. Common themes emerged across the articles. Many people felt stigmatised as soon as they were diagnosed with a mental illness, and attributed this to the way in which their illness had been portrayed in the media (Dinos et al, 2004). Receiving a stigmatising label has such a negative effect on people that the Japanese Society of Psychiatry and Neurology – at the demand of the patients’ families group – changed the name of schizophrenia from â€Å"mind-split-disease† to â€Å"integration disorder† (Sato, 2006).EmploymentMany people with mental health problems experienced discrimination when applying for jobs. This included trying to explain gaps in their CV due to episodes of mental ill health. They not only experienced stigma when applying for jobs, but also found that when returning to work colleagues treated them differently, with some experiencing bullying, ridicule and demotion. Service users also faced the dilemma of whether to disclo se their illness to friends, family, colleagues or future employers. Many felt they could tell their partner or parents about having a mental illness and still feel supported, but only 12% felt able to tell colleagues (Bos et al, 2009).Social stigmaService users reported social discrimination in the community, giving accounts of being physically and verbally attacked by strangers and neighbours, their property being vandalised, or being barred from shops and pubs; those with addictions or psychotic illness tended to experience this more than those with non-psychotic illness. Reports also included examples of being spoken to as if they were stupid or like children, being patronising and, in some instances, having questions addressed to those accompanying them rather than service users themselves (Lyons et al, 2009). Dinos et al (2004) found service users felt a range of emotions surrounding their experiences of discrimination, including anger, depression, fear, anxiety, isolation, gu ilt, embarrassment and, above all, hurt.Health and relationshipsService users also encountered discrimination when accessing services such as GPs. They reported professionals as being dismissive or assuming that physical presentations were â€Å"all in the mind† (Lyons et al, 2009). This can result in reluctance to return for further visits, which can have a detrimental effect on physical health. This is especially significant, as evidence suggests people with mental illness are at greater risk from physical health problems, including cardiovascular disease, diabetes, obesity and respiratory disease; they also have a higher risk of premature death (Social Exclusion Unit, 2004).Developing mental illness can also lead to breakdowns in relationships with partners, family and friends. The SEU (2004) reported that a quarter of children had been teased or bullied because of their parents’ mental health problems. Evidence shows rates of comorbidity of drug and alcohol use and psychiatric problems are believed to be rising (SEU, 2004).Implications for nursingStigma can affect many aspects of people’s lives. Even a brief episode of mental illness can have far-reaching effects on wellbeing, disrupting work, families, relationships and social interactions, impacting on the health and wellbeing not just of patients, but also of their families and friends. This can lead to further psychiatric problems such as anxiety and depression.Stigma can be a barrier to seeking early treatment; often people will not seek professional help until their symptoms have become serious. Others disengage from services or therapeutic interventions or stop taking medication, all of which can cause relapse and hinder recovery.If mental illness is treated early enough, it can reduce further ill health, and ultimately the risk of suicide. By intervening at the earliest possible opportunity, people may be able to avoid a full episode of mental ill heath, and retain their jobs, relationships or social standing.The International Council of Nurses (2008) said nurses are fundamental in helping with the â€Å"promotion, prevention, care, treatment and rehabilitation of people living with mental health problems and support of their families and communities†. It is therefore imperative to reduce the stigma surrounding mental health and stop these factors impinging on people’s mental wellbeing.The National Service Framework for Mental Health incorporated standards services must follow to provide consistent quality of care (DH, 1999). These included guidance on â€Å"social inclusion, health promotion, tackling stigma and the promotion of opportunities for a normal pattern of daily life†. The DH (2001) concluded that â€Å"everyone has mental health needs, whether or not they have a diagnosis of mental illness†. Box 1 features recommendations of ways to help reduce the stigma experienced by mental health service users.RecommendationsAs the media can play an important role in reaching out to many people, it is important to work with and educate them to ensure the portrayal of mental illness is factual, impartial and reliable As those aged under 19 years had particularly negative opinions towards all mental illness, attempts should be made to educate this age group about the issue, particularly on the dangers and effects of substance misuse and addiction In order to plan future services and shape policies further research must be undertaken with people who have direct experience of mental illness to gain more understanding of the impact stigma has on their livesConclusionThe literature confirms the public hold negative beliefs about those with mental health problems. Despite national campaigns, there has not been a significant change in the way the public perceive mental illness. While much research has been carried out to explore the public’s perception of mental illness, future research should explore the e xperiences of service users and their families, carers or people close to them to understand and measure the impact that stigma has on their lives. This, in turn, could help to shape interventions and policies for improved legislation to help stop the discrimination faced by those with mental illness.References:Alonso J et al (2009) Perceived stigma among individuals with common mental disorders. Journal of Affective Disorders; 118: 180-186. Angermeyer MC, Matschinger H (2005) The stigma of mental illness in Germany: A trend analysis. International Journal of Social Psychiatry; 51: 276-284. Blenkiron P (2009) Psychiatry in the Media. London: Royal College of Psychiatrists. Bos AE et al (2009) Mental illness stigma and disclosure: consequences of coming out of the closet. Issues in Mental Health Nursing; 30: 509-513. Chan D, Sireling L (2010) ‘I want to be bipolar’ †¦a new phenomenon. The Psychiatrist; 34: 103-105. Corrigan P (2004) How stigma interferes with mental health care. The American Psychologist; 59: 7, 614-625. Corrigan P et al (2001) Prejudice, social distance, and familiarity with mental illness. Schizophrenia Bulletin; 27: 219-226. Crisp AH et al (2005) Stigmatization of people with mental illnesses: a follow-up study within the Changing Minds campaign of the Royal College of Psychiatrists. World Psychiatry; 4: 106-113. Crisp AH et al (2000) Stigmatisation of people with mental illnesses. The British Journal of Psychiatry; 177: 4-7. Department of Health (undated) Stigma.

Thursday, August 29, 2019

Performing Effective Project Monitoring and Risk Management Essay

Performing Effective Project Monitoring and Risk Management - Essay Example It provides the tools that are going to be and guidance on the way forward. For this mobile application design, one wants to create an application that enables the customers to locate a coffee shop nearest to them. Therefore, the application should function well and the software should be up to date. One  needs to have the appropriate budget and the best people working in the project. The mobile application software should synchronize well with the infrastructure (Gowell, 2012). The above is an example of how to detect the problems in mobile application project and what should be if detected. If there are defects, the problem should be reported back to the reporter and it should inform the customer that the issue being resolved. It should also tell the customer to check again later and if the problem persists, he or she should contact his or her mobile operator. It is all about the information and the operator should also know that the software is not working and inform the IT department of the  problem  so that it can be done within the shortest period. If there is a design  or software  error, then the IT manager and the team should find solutions to the problems and resolve them. The software may be defective  or even the hardware itself. All that matters are that the defect is and the application for finding the nearest coffee shop works well. A customer should not find a defect with the product and so it is the work  of the whole team to pr event this from occurring. Communication is crucial within and outside the business because without it the business would fall. For the marketing management team, information is very importance because it helps in advertising, marketing and selling of the company’s products and services. It also helps in developing a strategic vision, creation of brand awareness, expression of competitive advantage, attracting talent, fostering goodwill and also informing the investment

Wednesday, August 28, 2019

Dangerous and Natural Energy Essay Example | Topics and Well Written Essays - 750 words

Dangerous and Natural Energy - Essay Example The states located on the Western parts, especially be the sea are high risk areas. California, Nevada, and Washington are the highest risk states. The farther East an individual goes in the United States, with the exception of the red area on the Tennessee border, the less likely of an earthquake occurrence. Texas, Florida, Minnesota, North Dakota, Wisconsin and Michigan have the lowest chance of having a major earthquake in the next fifty years. The earthquakes around the world on http://earthquake.usgs.gov/eqcenter/recenteqsww/ show a pattern of earthquakes near coastlines or on islands for the past seven days. Interestingly enough the red area just inside of the Tennessee border had a 2.8 earthquake within the past week. My decision to live in Tennessee has nothing to do with the chance of an earthquake, so I would be willing to live in a red zone for the right reason such as a job, new relationship, or whim. Every area on the earth has natural disasters. An individual cannot escape the threat of a natural disaster. If I had to live in one of the red areas on the map, I would educate myself on everything earthquake. I would look at http://earthquake.usgs.gov/learning/faq.php?categoryID=14 to find earthquake facts. This is the USGS website on earthquake safety. The first step would have necessary supplies on hand. The USGS recommends to have the following supplies: According to http://earthquake.usgs.gov/regional/world/most_destructive.php two of the most recent earthquakes were in Shaanxi and Pakistan. The earthquake in Shaanxi ranked 8 on the Richter scale. The earthquake in Pakistan ranked a 7.6. The power of science to control or predict earthquakes is weak. Scientists can predict and measure an earthquake, but since they can happen anytime during various times scientists have no real power over earthquakes. A Seismograph machine, an Analogue Recorder, computers, transportation, and other

Tuesday, August 27, 2019

What would you do Essay Example | Topics and Well Written Essays - 500 words

What would you do - Essay Example A friend had advised me that he had on occasion included a line item into his budget called a â€Å"Radio† item that would in essence make a lot of noise and attract attention but could be "unplugged" easily. He said that after the council focused all its attention on that item and it was finally removed, everything else would be approved with little question. The initial dilemma revolves around whether or not I would use some sort of ‘smoke and mirrors’ strategy to pass a budget that I personally believe to be sound. Or do I prepare a budget to the best of my ability and let it come under exceptional scrutiny. What this translates to is that I could examine this scenario from either an egoist perspective in which I would act in accordance with what I personally believe is in my own self interest or if I should view this situation under a utilitarian perspective in which I should choose the solution that brings the greatest good to the greatest number of people. There are a number of externalities to consider in this situation. One major concern is the decision making process of the town council. If it is the case that they are reasonable decision makers than it would be that I would possibly act differently if they are a group of vindictive or corrupt people. Secondly, special consideration must be made on the special conditions or items that I am placing in my own budget. For example, there may be a budget requirement that I believe is necessary for the effective running of a government bureau. If it is unlikely that a council will approve of this budgetary requirement, I may be persuaded to use some underhanded methods (Such as utilizing aggressive sales tactics) to educate the council of the benefits of this line item. Special consideration must be afforded to the idea that there may be some regulatory board that oversees my actions and if I were to use a ‘Radio’ tactic it may be that there are some serious legal ramifications that

Monday, August 26, 2019

Branding Assignment Example | Topics and Well Written Essays - 500 words

Branding - Assignment Example Brand positioning is aimed at allocating products and services in certain communicative channels in order to meet the needs of customers. Brand positioning is crucial to any organization because it is able to implement the organization’s objectives, goals, and missions. The purpose of branding and positioning is to give the consumers a clear image of the organization and its products. This also helps an organization maintain its competitive advantage. There are many products in the market that are can be used for the same purpose, branding and positioning make a product unique to the customers which in turn helps customers differentiate one product from that of its competitors’. A good example is seen in the case of toothpastes. Toothpaste brands have increased significantly over the years. The supermarkets are now filled with many brands, each with its own benefits (Segrave, Pg. 28). Colgate, which is toothpaste that has been around for many years and still has a big market share around the world, maintains its market share through branding. Colgate is known for its ability of whiten the teeth, freshen the breath, and strengthen the enamel on the teeth. The company also takes advantage of the red color on its product packages during its TV advertisement. There is more of the red color like the packaging of the toothpaste. The company believes that the color inspires impulse buying because the color causes excitement. The white and red combination in its packaging is eye catching and appealing to the eyes of consumers. This also remains in the minds of the consumer, forming a way of differentiating the products from other toothpastes. This also shows the principles of branding and positioning which is differentiating one product from another. An effective branding gives consumers a perception that there is no other service, product, or company than the brand’s company. Branding helps organization to differentiate their products from those of its

Sunday, August 25, 2019

Option Pricing Essay Example | Topics and Well Written Essays - 3250 words

Option Pricing - Essay Example Options are used by holders for leverage or for protection. The leverage function helps the holder to control the shares bought for a portion what they would have cost. On the other hand, protection measures are adopted when the holder wants to guard against price fluctuations. He enters into a contract with the rights to acquire the stock for a fixed period and specific price. The contracts, in either case, should be highly observed and monitored for efficient outcomes. The methods used in pricing options have been applied for years and can only be effective if the worth of the option is achieved. This is determined by the probability that on the expiration, the option price will be on a substantial amount of money. Any holder of an option expects a gain on his underlying asset to attain the worth of holding for the time given. The Black Scholes and the Binomial method are the elaborated on below in determining the true worth of an option. The Black Scholes Model: This model dates b ack in the twentieth century in its application. It was developed by Fisher Black and Myles Scholes in 1973 hence the name Black Scholes (Marion, 2003, 16). It is still in use today. This model uses the theoretical call price whereby the dividends amounting during the life of the option is not included in the computation.   Theoretically, the price of an option (OP) has been determined by the formulae given below: In this case: (Simon & Benjamin, 2000, 255; Brajendra, 2011, 372) The variables in the above formulae are expressed as shown below: S is the stock price X is the strike price t is the time remaining until the expiration, denoted as percent of a year r is the compounded risk-free interest rate predominant in the current market v is the annual volatility of stock price.   ln is the natural logarithm N(x) is the standard normal cumulative distribution function e is the exponential function Below are the necessary requirements for validating this model: Dividends are not p aid during the stock period. Variance and interest rate does not change in the course of the option contract. There is no discontinuity in the stock price i.e. a shift from one price to another like the case of tenders. This model applies volatility and normal distribution to determine the movement of options. The Excel add-in format can be used to calculate the normal distribution. Volatility, on the other hand, can be implied or historical. The implied volatility of an option allows market traders to observe the current prices of options to determine how volatile they are. This is done by calculating the standard deviation i.e. v2, and in this case, all other variables have to be known. Nevertheless, historical analysis is not left out. The traders have to observe the performance of the option over past years to assess volatility.  

Saturday, August 24, 2019

Marking dissertation proposla Essay Example | Topics and Well Written Essays - 1750 words

Telemarketing in the Hong Kong Insurance Industry - Essay Example Due to the market liberalization that was engulfing the insurance sector in the region during the 1990s, many foreigners have ventured into insurance and the reinsurance business. It is imperative to note that many of the companies that moved into Hong Kong were mainly from the West, especially from the UK as well as the United States of America. As it was expected, this created an environment within this market or sector that was largely characterized by heightened competition as presented by Clutterbuck. As a result, it became apparent that companies within this industry needed to explore other marketing modes if they were to remain in the business and competitively impact on it. Hence, it is against this backdrop that telemarketing should be construed as a feasible option to help in the option of market amongst the various players within this industry. Telemarketing is a form of reaching the ‘would be’ clients by telephone according to Rosenzweig, and Boone and David. Why is it important? – Why is it the important topic to investigate from a theoretical and/or practical perspective? State how the dissertation will help your personal development objectives; career development objectives; your organization’s objectives (where appropriate) and meet the Henley objectives.   It is every business entity’s drive to increase its profit earnings. To achieve this, a business organization needs to conduct an exhaustive study of its surrounding environment and get information on how operations are executed. On the other hand, the business environment is quite dynamic. In this regard, operating businesses, irrespective of their line of operation, need to take into account these aspects.

Friday, August 23, 2019

Transformational Change Management Plan Essay Example | Topics and Well Written Essays - 1250 words

Transformational Change Management Plan - Essay Example Apple is an American tech giant and a multinational corporation whose headquarters is in Cupertino in California, USA. Apple is in the business of designing, developing and selling computer software, consumer electronics, personal computers and online services. So as to save time and cut costs, Apple normally outsources thousands of its manufacturing jobs to such countries as China, Mongolia, Taiwan and Korea. Thus the manufacturing of high-tech products such as iPhone has steadily moved to Asia from the US over the past decades. Thus, Apple, considered, a market leader in the smartphone industry in regard to manufacturing, is totally dependent on outsourcing/offshoring manufacturing, especially in China-a relatively low cost nation (Moyer, 2012). Apple’s stakeholders welcomed the move since the company tremendously reduced its manufacturing time and cost, two very critical elements in the lifeline of any company. Thus, in 2007, when Apple’s founder Steve Jobs needed a glass screen for the iPhone barely a few weeks before its launch, suppliers in America claimed it was not possible. Nevertheless, a factory in China, built a dormitory even before any contract was signed so that its workers could start a 12-hour shift. After the sealing of the deal, 8,000 employees were woken from sleep, provided with tea and biscuit and began fixing glass screens into the iPhone so as to produce ten thousand iPhones on a daily basis. That is how a Chinese factory helped save the situation by revamping manufacturing of the iPhone barely weeks before it appeared on shelves. Eventually, Apple had redesigned the screen of the iPhone at the last minute, resulting in an overhaul of the assembly line. New Screens started arriving at the factory near midnight. Apple executives were impressed by the flexibility and speed which no American factory could match. Thus,