Implications of Information and Communication Technology for Business E

Implications of Information and Communication Technology for Business Time and geographical factors have a huge affect on the communication methods we use. In the business world time is money, and no matter how far u need to communicate to, it normally has to be done quickly and efficiently. This is where Information Systems (IS) and Information Communication Technology (ICT) have a huge impact on businesses nowadays, especially large scale organisations. Currently, Local Area Networks (LANs) are becoming more common in normal size businesses, and large-scale organisations tend to use Wide Area Networks (WANs), intranets and extranets. A LAN is a computer network that spans a relatively small area. Most LANs are confined to a single building or group of buildings. However, one LAN can be connected to other LANs over any distance via telephone lines and radio waves; this is what we call a WAN (a system of LANs connected together). Each node (individual computer) in a LAN is able to access data and devices anywhere on the LAN. This means that many users can share expensive devices, such as laser printers, as well as data. Users can also use the LAN to communicate with each other, by sending e-mail or engaging in chat sessions. Hence LANs can be very useful for a small to medium sized businesses. For big businesses/organisations, WANs are more useful, as it means the business is not limited to where it can be based. For example a company may have its head quarters in London, but have an office in Cambridge. With the use of a WAN the same benefits as the LAN can be achieved, but in a greater geographical situation. Anot... ...et facilities means the same thing, employees can browse the net rather than doing their work. There are measures to fight against this, but they are not very efficient. As you can see, technology in the past few years has rocketed, and now ICT and IS are extremely fundamental to businesses and organisations, without the use of them everything even down to the simplest of things such as communication will be affected. Bibliography  · Rowe, Christopher and Thompson, Jane, People and Chips, ‘The Human Implications of Information Technology’. McGraw Hill, 3rd Edition 1996  · Bocij Paul, Chaffey Dave, Greasley Andres and Hickie Simon, ‘Business Information Systems – Technology Development and Management for E-Business’. FT Prentice Hall 2002.  · Langford, Duncan, ‘Practical Computer Ethics’. McGraw Hill 1995

The scarlet letter :: essays research papers

Torment Of Misfortune The guilt, hypocrisy, and vengeance revealed in The Scarlet Letter. In an age of sexual repression and conservatism, there is never room for public show of relationships. Emotions and affection are kept hidden from the public eye. With such limitations there is always an urge to break from what is considered proper. From this, lies and deceit are born to cover our mistakes. Hester Prynne stands helpless on a scaffold with her illegitimate daughter Pearl, wearing a blazoned scarlet â€Å"A†, making known she is an adulterer. Reverend Arthur Dimmesdale stands silent within the on looking crowd as his lover and daughter are to be persecuted. In the far corner, stands Roger Chillingworth, Hester’s husband quietly embittered at his wife’s infidelities. A soiled and twisted love triangle connects these three individuals as Hester’s persecution draws near. Nathaniel Hawthorne uses these individuals to exemplify guilt, hypocrisy and vengeance through secrecy and sin in The Scarlet Letter. Hester Prynne pities the life of her daughter Pearl, labeled a child of sin and a product of adultery. Pearl is in essence a real representation of the scarlet letter that she bears. Hester’s own doing lays out the fate of her child. "†¦[Hester's] impassioned state had been the medium through which were transmitted to the unborn infant the rays of its moral life; and, however white and clear originally, they had taken the deep stains of crimson and gold, the fiery lustre, the black shadow, and the untempered light of the intervening substance. Above all, the warfare of Hester's spirit, at that epoch, was perpetuated in Pearl." Hester has the power to make things right and announce the identity of Pearl’s father Arthur Dimmesdale, however she holds back for fear of ruining her partners reputation and esteem. Hester holds commitment to both Pearl and Dimmesdale, she endures the sting of guilt through her silence. Reverend Arthur Dimmesdale, a supposed â€Å"man of god† takes silence along with Hester. He is guilty of his sins but more so guilty of being a walking hypocrisy in his congregation. To rectify his wrongs, he preaches of god and refraining from sin. However he continues to hide his relationship with Hester and denies his illegitimate daughter the privilege of his name. His commitments to the church are a conflict with his feelings of sinfulness and his need to confess. He yearns to confess but fears the negative outcomes. In his subconscious he wishes to tell all his sins, but results in his strong participation in church.

Ignou solved assignment 2014 Essay

Describe the evolutionary process of organization design and different perspectives of organization design and their relevance. Q. Explain the meaning and purpose of Job design and briefly discuss the impact technology has on Job design. Q. Discuss the purpose of organizational analysis and briefly describe the tools which could be used for organizational analysis and their effectiveness. Q. Identify different kinds of change which take place in organization and strategies which are used for change and their effectiveness. Discuss how resistance to change can be handled before implementing it. Give examples. Q. Discuss the process of institution building and the role of chief executive in institution building with an example. 1. Organization design-A process for improving the probability that an organization will be successful. More specifically, Organization Design is a formal, guided process for integrating the people, information and technology of an organization. It is used to match the form of the organization as closely as possible to the purpose(s) the organization seeks to achieve. Through the design process, organizations act to improve the probability that the collective efforts of members will be successful. Typically, design is approached as an internal change under the guidance of an external facilitator. Managers and members work together to define the needs of the organization then create systems to meet those needs most effectively. The facilitator assures that a systematic process is followed and encourages creative thinking. Hierarchical Systems Western organizations have been heavily influenced by the command and control structure of ancient military organizations, and by the turn of the century introduction of Scientific Management. Most organizations today are designed as a bureaucracy in which authority and responsibility are arranged in a hierarchy. Within the hierarchy rules, policies, and procedures are uniformly and impersonally applied to exert control over member behaviors. Activity is organized within sub-units (bureaus, or departments) in which people perform specialized functions such as manufacturing, sales, or accounting. People who perform similar tasks are clustered together. The same basic organizational form is assumed to be appropriate for any organization, be it a government, school, business, church, or fraternity. It is familiar, predictable, and rational. It is what comes immediately to mind when we discover that †¦ we really have to get organized! As familiar and rational as the functional hierarchy may be, there are distinct disadvantages to blindly applying the same form of organization to all purposeful groups. To understand the problem, begin by observing that different groups wish to achieve different outcomes. Second, observe that different groups have different members, and that each group possesses a different culture. These differences in desired outcomes, and in people, should alert us to the danger of assuming there is any single best way of organizing. To be complete, however, also observe that different groups will likely choose different methods through which they will achieve their purpose. Service groups will choose different methods than manufacturing groups, and both will choose different methods than groups whose purpose is primarily social. One structure cannot possibly fit all. , the form of organization must be matched to the purpose it seeks to achieve. The Design Process Organization design begins with the creation of a strategy — a set of decision guidelines by which members will choose appropriate actions. The strategy is derived from clear, concise statements of purpose, and vision, and from the organization’s basic philosophy. Strategy unifies the intent of the organization and focuses members toward actions designed to accomplish desired outcomes. The strategy encourages actions that support the purpose and discourages those that do not. Creating a strategy is planning, not organizing. To organize we must connect people with each other in meaningful and purposeful ways. Further, we must connect people with the information and technology necessary for them to be successful. Organization structure defines the formal relationships among people and specifies both their roles and their responsibilities. Administrative systems govern the organization through guidelines, procedures and policies. Information and technology define the process(es) through which members achieve outcomes. Each element must support each of the others and together they must support the organization’s purpose. Exercising Choice Organizations are an invention of man. They are contrived social systems through which groups seek to exert influence or achieve a stated purpose. People choose to organize when they recognize that by acting alone they are limited in their ability to achieve. We sense that by acting in concert we may overcome our individual limitations. When we organize we seek to direct, or pattern, the activities of a group of people toward a common outcome. How this pattern is designed and implemented greatly influences effectiveness. Patterns of activity that are complementary and interdependent are more likely to result in the achievement of intended outcomes. In contrast, activity patterns that are unrelated and independent are more likely to produce unpredictable, and often unintended results. The process of organization design matches people, information, and technology to the purpose, vision, and strategy of the organization. Structure is designed to enhance communication and information flow among people. Systems are designed to encourage individual responsibility and decision making. Technology is used to enhance human capabilities to accomplish meaningful work. The end product is an integrated system of people and resources, tailored to the specific direction of the organization. 2. Job design refers to the way that a set of tasks, or an entire job, is organized. Job design helps to determine: †¢ What tasks are done? †¢ How the tasks are done, †¢ how many tasks are done, and †¢ in what order the tasks are done. It takes into account all factors which affect the work, and organizes the content and tasks so that the whole job is less likely to be a risk to the employee. Job design involves administrative areas such as: †¢ job rotation, †¢ job enlargement, †¢ task/machine pacing, †¢ work breaks, and †¢ Working hours. A well designed job will encourage a variety of ‘good’ body positions, have reasonable strength requirements, require a reasonable amount of mental activity, and help foster feelings of achievement and self-esteem. 3. Organizational analysis may be done for different purposes. These include: 1) Enhancing the general understanding of the functioning of Organizations (i. e. educational or research purposes. ) (The direct beneficiary is the researcher or the analyst rather than the Organization). Such a study may aim at enhancing the understanding of human behaviour through a study of it in organisation, or to enhance the understanding of the society as reflected in organisational life. 2) Planning for growth and diversification An analysis or a diagostic study may be necessary for planning growth, diversification, expansion etc. Organisational analysis may reveal the strengths that could be used for growth and diversification, weak spots that need to be removed in the new plans, the precautions to be taken, structural dimensions to be kept in mind etc. Several insights may be provided on structure, people, systems, styles, technology etc. that have implications for growth. 3) Improving Organisational Effectiveness or Planning General Improvements Organisational Analysis may be used also for improving the general efficiency of an organisation. On the basis of a diagnosis made out of the analysis action steps could be initiated in terms of toning up administration, introducing new management systems and processes, reduction of wasteful expenditure, introduction of time savers, change of personnel policies to enhance employee motivation, restructuring of some parts, training, elimination of unwanted structures and teasers, improvements in general health of the organisation etc. 4) Organisational Problem Solving Whenever some subsystems departments, units etc.fall sick or start creating problems a diagnosis may be undertaken with a view to identify the source of the problem and take corrective action. A sick unit, a bottleneck, a communication block, a poor performing department, frequently occurring conflict between two departments, repeated failures of a management system or an organisational process, a frequent violation of an organisational norm, fall in discipline, reduction in output absenteeism, increase in conflicts e tc. can all lead to the need for an organisational diagnosis of a part of the organisatioin or the entire organisation. tools of organisational analysis Observation represents the careful and planned method of recording certain phenomena, objects, events in conjunction with a given situation. Constantinescu, etc. (2008) considers it necessary, within the organisation, to focus on observing the interaction between employees, in order to find answers to questions such as: What is the working pace of the employees – slow, methodical, alert, spontaneous? What rituals do you notice in the enterprise? What are the values disseminated? Do the meetings generally provide revealing information? Who participates in these meetings? Who speaks? Whom do these people speak to? To what extent is sincerity situated in these meetings? How much time is devoted to different topics? The topics which often recur and which are discussed in depth frequently represent indications of the organisational culture values. Observations are used for gathering data on the symbols which are analyzed by the qualitative analysis methods. Observations include mostly behavioural material, but also semantic symbols. Observations of behavioural symbols include monitoring and recording the organizational rituals, such as, for example, the celebration of company day as a ritual of integration. There will also be careful attention focused on the state and architecture of the buildings, decor, billboards, staff dress code, behaviour and habits, working environment, the way in which everyone fulfils their role, employee behaviour in conflict situations. The analysis of these aspects allows knowing the reality, the working environment, both the organisation’s physical components and the emotional, psychological elements, harder to decipher at first glance. The opinion interview technique always involves oral information, having the advantage of flexibility, of the ability to get specific answers to each question. Along with the use of the questionnaire, it is one of the techniques most often used in qualitative research. The interview is, however, a complex technique that requires certain abilities and skills from the researcher, especially social, communication and self-reflection skills. The interview is used in the study of organisational culture to collect qualitative data about the cognitive elements of the culture, such as assumptions, values, norms and attitudes. Interviews may also serve to identify symbols, certain expressions, stories, anecdotes specific to the organisation. â€Å"To successfully use the interview in organisational culture research, it is important to determine the persons that will be interviewed, when, where and how the interview will be conducted, the set of questions that will be used and the method of recording it† (Janicijevic, 2011 , p 85). Interviews help us perceive the consistency between what the interviewees say and the facts recorded from other sources. † These perceptions are generally useful for:  · defining an updated vision of the history, the important events and its impact on the functioning of the organisation;

Apple, Google, and Microsoft Essay

1) Define and compare the business models and areas of strength of Apple, Google, and Microsoft. A) Microsoft’s business model is operating systems which 95%of all computers use worldwide. The strengths for Microsoft are that they are still the leader in PC operating systems and desktop productivity software. But has failed miserably with regards towards smartphone hardware and software, mobile computing, cloud-based software apps; its internet portal B) Apple’s business model mainly focuses on mobile devices; such as iPhones and iPads which account for 52% of apples profits. The strengths for Apple are mobile devices, such as iPhone and tablets. These devices combine and contribute 52% of apples business. They already have a head start on the mobile phone industry where they have over 250,000 applications. Apple controls 27% of the mobile market and the iPhone is the highest grossing cellphone ever. C) Google’s business model focuses the market from the mobile, advertising and operating systems. The strengths for Google are that they dominate in advertising with their search engine. And their Android OS controls 41% of the mobile market share. This mobile market is constantly growing 3 times faster than the iPhone market share. â€Å"They bought Android Inc. to enter the mobile market.† also bought out Motorola Inc. for 12.5 billion. 2) Why is mobile computing so important to these three firms? Evaluate the mobile platform offerings of each firm. Mobile Computing is so important to these firms because of the fundamental paradigm shift. The environment is a $400 billion e-commerce marketplace and the applications used enrich the experience of using a mobile device. 3) What is the significance of applications and app stores, and closed vs.  open app standards to the success or failure of mobile computing? The company who creates the most appealing set of devices and applications will be able to derive a significant competitive advantage over its rivals. Apple makes money on each app sold through its App store which is worth billions of dollars to the company while the apps for the Android system used on non-Apple devices are available from different sources. 4) Which company and business model do you believe will prevail in this epic struggle? Apple has a very loyal customer based while Google and Microsoft is clearly catching up. It very hard to identify who will prevail in this epic struggle since all three companies continue to expand, develop strategies and create new products in mobile computing. But since I am biased Apple user, I would want them to prevail. 5) What difference would it make to a business or to an individual consumer if Apple, Google, or Microsoft dominated the Internet experience? If Apple, Google or Microsoft dominated the Internet experience, consumers would be forced to buy only one product and use only one service. The three companies would create a monopoly and the positive would be they would create a standard. This would affect quality which prices would be very high because they would have no competition. Right now it is too early to tell who would dominate the internet experience but it is very good to have competition than just one market leader the will monopolize the market.

Elements of Literature Essay

Many literature students are expected to be familiar with the basic terms listed below (and discussed in more depth in your text). Keep this study guide with your text. At the beginning of each reading assignment, write the elements of literature pertaining to the particular type of literature at the beginning of the short story or poem. After reading, define them in your text for class discussion, quizzes, and test preparation. To understand literature, it is necessary that you ask yourself certain questions, such as â€Å"what is the theme of this story? † or â€Å"why does the author use this particular type of imagery? † You are not necessarily reading for pleasure–although it is sincerely hoped you will derive pleasure from your assignments–but for the development of critical analysis skills, so observe the author’s style and intent carefully. Short Stories/Novel Theme–The idea or point of a story formulated as a generalization. In American literature, several themes are evident which reflect and define our society. The dominant ones might be innocence/experience, life/death, appearance/reality, free will/fate, madness/sanity, love/hate, society/individual, known/unknown. Themes may have a single, instead of a dual nature as well. The theme of a story may be a mid-life crisis, or imagination, or the duality of humankind (contradictions). Character–Imaginary people created by the writer. Perhaps the most important element of literature. †¢ Protagonist–Major character at the center of the story. †¢ Antagonist–A character or force that opposes the protagonist. †¢ Minor character–0ften provides support and illuminates the protagonist. †¢ Static character–A character who remains the same. †¢ Dynamic character–A character who changes in some important way. †¢ Characterization–The means by which writers reveal character. †¢ Explicit Judgment–Narrator gives facts and interpretive comment. †¢ Implied Judgment–Narrator gives description; reader make the judgment. Look for: Connections, links, and clues between and about characters. Ask yourself what the function and significance of each character is. Make this determination based upon the character’s history, what the reader is told (and not told), and what other characters say about themselves and others. Plot–The arrangement of ideas and/or incidents that make up a story. Causality–One event occurs because of another event. †¢ Foreshadowing–A suggestion of what is going to happen. †¢ Suspense–A sense of worry established by the author. †¢ Conflict–Struggle between opposing forces. †¢ Exposition–Background information regarding the setting, characters, plot. †¢ Complication or Rising Action–Intensification of conflict. †¢ Crisis–Turning point; moment of great tension that fixes the action. †¢ Resolution/Denouement–The way the story turns out. Structure–The design or form of the completed action. Often provides clues to character and action. Can even philosophically mirror the author’s intentions, especially if it is unusual. Look for: Repeated elements in action, gesture, dialogue, description, as well as shifts in direction, focus, time, place, etc. Setting–The place or location of the action, the setting provides the historical and cultural context for characters. It often can symbolize the emotional state of characters. Point of View–Again, the point of view can sometimes indirectly establish the author’s intentions. Point of view pertains to who tells the story and how it is told. †¢ Narrator–The person telling the story. †¢ First-person–Narrator participates in action but sometimes has limited knowledge/vision. †¢ Objective–Narrator is unnamed/unidentified (a detached observer). Does not assume character’s perspective and is not a character in the story. The narrator reports on events and lets the reader supply the meaning. †¢ Omniscient–All-knowing narrator (multiple perspectives). The narrator takes us into the character and can evaluate a character for the reader (editorial omniscience). When a narrator allows the reader to make his or her own judgments from the action of the characters themselves, it is called neutral omniscience. †¢ Limited omniscient–All-knowing narrator about one or two characters, but not all. Language and Style–Style is the verbal identity of a writer, oftentimes based on the author’s use of diction (word choice) and syntax (the order of words in a sentence). A writer’s use of language reveals his or her tone, or the attitude toward the subject matter. Irony–A contrast or discrepancy between one thing and another. †¢ Verbal irony–We understand the opposite of what the speaker says. †¢ Irony of Circumstance or Situational Irony–When one event is expected to occur but the opposite happens. A discrepancy between what seems to be and what is. †¢ Dramatic Irony–Discrepancy between what characters know and what readers know. †¢ Ironic Vision–An overall tone of irony that pervades a work, suggesting how the writer views the characters. Poetry Allegory–A form of narrative in which people, places, and events seem to have hidden meanings. Often a retelling of an older story. Connotation–The implied meaning of a word. Denotation–The dictionary definition of a word. Diction–Word choice and usage (for example, formal vs. informal), as determined by considerations of audience and purpose. Figurative Language–The use of words to suggest meanings beyond the literal. There are a number of figures of speech. Some of the more common ones are: †¢ Metaphor–Making a comparison between unlike things without the use of a verbal clue (such as â€Å"like† or â€Å"as†). †¢ Simile–Making a comparison between unlike things, using â€Å"like† or â€Å"as†. †¢ Hyperbole–Exaggeration †¢ Personification–Endowing inanimate objects with human characteristics Imagery–A concrete representation of a sense impression, a feeling, or an idea which appeals to one or more of our senses. Look for a pattern of imagery. †¢ Tactile imagery–sense of touch. †¢ Aural imagery–sense of hearing. †¢ Olfactory imagery–sense of smell. †¢ Visual imagery–sense of sight. †¢ Gustatory imagery–sense of taste. Rhythm and Meter–Rhythm is the pulse or beat in a line of poetry, the regular recurrence of an accent or stress. Meter is the measure or patterned count of a poetry line (a count of the stresses we feel in a poem’s rhythm). The unit of poetic meter in English is called a â€Å"foot,† a unit of measure consisting of stressed and unstressed syllables. Ask yourself how the rhythm and meter affects the tone and meaning. Sound–Do the words rhyme? Is there alliteration (repetition of consonants) or assonance (repetition of vowels)? How does this affect the tone? Structure–The pattern of organization of a poem. For example, a sonnet is a 14-line poem usually written in iambic pentameter. Because the sonnet is strictly constrained, it is considered a closed or fixed form. An open or free form is a poem in which the author uses a looser form, or perhaps one of his or her own invention. It is not necessarily formless. Symbolism–When objects or actions mean more than themselves. Syntax–Sentence structure and word order. Voice: Speaker and Tone–The voice that conveys the poem’s tone; its implied attitude toward its subject. Elements of Literature. Literature is a reflection of the society. A writer appeals to our feelings, emotions through various elements of literature, such as plot, character, theme, etc. Read more to know about the elements of literature. We can summarize literature in the words of Ezra Pound that great literature is simply language charged with meaning to the utmost possible degree. Every race has its own literature, for example, English literature, American literature, German literature, etc. Various types of literaturesuch as story, novel and drama delight us through the elements of literature. In literature, theme is important to reveal the story. An author depicts the ups and downs of the protagonist with the help of characterization. The story progresses through various plots. There are prologues and epilogues in Shakespearean drama. Facts on Elements of Literature: Elements of literature denote the things that are used to make up a work of literature. There are different types and forms of literature. They are novel, drama, poetry, biography, non-fictional prose, essay, epic and short story. All these types of literature have some elements. To complete a piece of literature, a writer, dramatist or a novelist need to use certain elements like plot, character, theme, etc. However, elements of fiction and elements of drama differ from elements of poetry. These elements are discussed below: Elements of Fiction and Drama : Literary types such as fiction; drama and short story have some elements. These include †¢ Plot †¢ Character †¢ Setting †¢ Theme †¢ Structure †¢ Point of view †¢ Conflict †¢ Diction †¢ Foreshadowing Plot: Plot is the serial arrangement of incidents, ideas or events. In literature, the plot encompasses all the incidents and provides aesthetic pleasure. The story of the novel progresses through various plots and conflicts. Plots of dramas are divided into â€Å"Acts† and â€Å"Scenes†. Drama has five essential parts. These are: †¢ Introduction of the story where the characters and setting are introduced †¢ Rising action †¢ Climax †¢ Falling action †¢ Denouement Playwrights use dialogue to develop their plots. They reveal information about their characters such as their background and personality. Character: Character plays a pivotal role in a drama, novel, short story and all kinds of narratives. In drama, character reflects the personality of the protagonist and other related characters. The method of conveying information about characters in art is called characterization. Characters can be fictional or based on real, historical entities. It can be human, supernatural, mythical, divine, animal or personifications of an abstraction. There are round characters, flat characters, stereotypical stock characters, etc. In Marlowe’s drama â€Å"The Tragical History of Dr. Faustus†, Faustus is the main character of the play. Setting: It refers to geographical location of the story, time period, daily lifestyle of the characters and climate of the story. In a novel, the setting plays an important role. In short stories, sometimes it plays an important role, while for others it is not. Settings of literary forms have been changing according to theme of the literary piece, for example, Shakespeare’s tragedies and comedies have the setting of palaces, castles whereas modern and post-modern dramas have setting of houses of common people. There were supernatural elements in earlier literature and nowadays absurdity rules the literature. Setting can take place in a house, school, castle, forest, hospital or anywhere that the writers want to extend their scenes. Theme: Theme is another prime element of literature, which contains the central idea of all literary forms such as a novel, drama and short story. It reflects innocence, experience, life, death, reality, fate, madness, sanity, love, society, individual, etc. Thus, it reflects the society as a whole, for example, the theme of Hardy’s novel â€Å"The Mayor of Casterbridge† reflects the role of fate in our life. Likewise, in a drama, theme represents the brief idea of the drama. Structure: Structure is another important element of a drama, novel or short story. In dramas, there are plots and subplots. These also are divided into acts and scenes. Here the contrasting subplots give the main plot an additional perspective. Likewise, novels have different chapters and scenes. Point of view: Point of view is another element of the narrative, through which a writer tells the story. Authors use first-person point of view or third-person point of view. First-person point of view indicates that the main character is telling the story, whereas the third-person point of view directs that the narrator is telling the story. A novel can be written in the first-person narrative, third-person narrative, omniscient point of view, limited omniscient point of view, stream of consciousness and objective point of view. These points of view play an important role in the distinct structure of the story or a play. Conflict: Be it a short story, drama or novel, conflict is the essential element of all these literary forms. A plot becomes interesting and intriguing when it has its share of inbuilt conflict and twists. Conflict can be internal conflict or external. It can take place between two men, between the character and his psychology, between the character and circumstances or between character and society. Use of language or diction: Diction is another essential element of drama. A playwright exhibits the thoughts of characters through dialogue. â€Å"Dialogue† has come from the Greek word â€Å"dialogosa† which means â€Å"conversation†. Shakespeare used this to portray the thoughts, emotions and feelings of the character. This also provides clues to their background and personalities. Diction also helps in advancing the plot. Greek philosophers like Aristotle used dialogue as the best way to instruct their students. Foreshadowing: Foreshadowing is another important element of literature that is applied as hints or clues to suggest what will happen later in the story. It creates suspense and encourages the reader to go on and find out more about the event that is being foreshadowed. Foreshadowing is used to make a narrative more authentic. Elements of Poetry : Poetry is literature in a metrical form. However, free-verse became the popular style towards the modern and post modern age. Like fiction, it may not have plots, setting, etc, yet it has a structured method of writing. There are various kinds of poetry such as ballad, sonnet, etc. All these forms have some elements such as style, theme, rhyme, rhythm, metaphor, etc. that are described below: Style: Style refers to the way the poem is written. Poems are written in various styles, such as free verse, ballad, sonnet, etc. , which have different meters and number of stanzas. Symbol: Symbol represents the idea and thought of the poem. It can be an object, person, situation or action. For example, a national flag is the symbol of that nation. Theme: Like other forms of literature, poetry has a theme of its own. Theme contains the message, point of view and idea of the poem. Imagery: Imagery is another important element that a poet often uses in poems that appeal to our senses. In the age of modernism, T. S. Eliot used images of urban life in his poems. Wordsworth used nature as poetic images in his poems. Rhyme and rhythm: Rhyme is an element that is often used in poetry. It’s a recurrence of an accented sound or sounds in a piece of literature. Poets and lyricists use this device in various ways to rhyme within a verse. There is internal rhyme, cross rhyme, random rhyme and mixed rhyme. It gives the poem flow and rhythm. It contains the syllables in a poem. Every poem has a rhythm in it. It’s about how the words resonate with each other, how the words flow when they are linked with one another in a poem. Meter: This is an important rhythmic structure of poetry. It is described as sequence of feet, each foot being a specific series of syllable types – such as stressed/unstressed and makes the poetry more melodious. Alliteration: Alliteration is another element used in poetry for the sound effect. It indicates two or more words with same repetition of initial letter, for example, â€Å"dressy daffodils†. Here the sound of the letter ‘d’ is repeated. Simile: A simile is a figure of speech used for comparison in the poetry with the words ‘like’ or ‘as’, for example, â€Å"as black as coal†. Metaphor: Metaphor is used in poetry to make an implicit comparison. Unlike simile, here the comparison is implied, for example, ‘Her laughter, a babbling brook’. Onomatopoeia: This is one important element of poetry, which refers to words that sound like their meaning, for example, buzz, moo and paw. Element of literature includes all the elements that are essential to create a piece of literature. These elements help a writer to create splendid poetry, superb drama and soul-touching novel. These elements are used to form the structure of a literary piece. | |

Private Equity Deals Essay

Private equity can be described as investing in a company through a negotiated process. Investment entails transformational, value-added and active management strategy. Private Equity investments can be undertaken following three categories. These are venture capital, Buy-out and special situation investment. Venture capital can be described as an investment to create a new company or expand a smaller company that is presently undeveloped. Buy-out investment involves acquisition of a significant portion of investment in a mature company so as to gain control or ownership of the company. Special situation investment involves changing government regulations or industry trends on investment due to availability of opportunity (Robinson and Cottrell, 2007). This paper will broadly analyze buy out investment in detail, discussing its history, growth, merits and failures.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Private equity firms accrue interest on investment through any of the three ways. These include an IPO, sale or merger and recapitalisation. Private equity firms sell unlisted securities directly to investors through private offering or private equity fund which attracts different sources of contributions from small investors who prefer to invest directly to investors due to the risks associated with private equity funds. Private equity fund require a large amount of money to allow entry which cannot be afforded by most private equity firms. Moreover Private equity firms prefer to invest in firms or investors where the firm can accrue returns after a short duration unlike private equity funds which can take up to twelve years to accrue interests. Private equity firms evaluate availability of opportunity to avoid investing in a failing company which, led to heavy capital losses by the firm. The risk has been noted to be higher in venture capital funds (Lasen, 2006).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Private equity industry was begun in 1946 by the American Research and Development Corporation (ARD) to encourage private institutions provides funding to soldiers who returned from World War II. ARD aimed to provide skills and funding to the management and this would stimulate success of the companies accrue profits. The success of the industry led to permeation of few wealthy families into the industry in 1970s. The industry focussed more on debt financed leveraged buy-outs (LBOs)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A Leveraged buy-out (LBO) occurs when a financial sponsor gains control of a majority of a target company’s stock ownership through the use of borrowed money or debt (Lasen, 2006). A Leveraged buy-out is a widely used strategy where a company acquires another company through significant amount of borrowed money. In most cases, the assets of the acquiring company and the company being acquired are used as security for the loans. Leveraged buyouts allow companies to make acquisitions without committing a lot of capital. In an LBO 70% debt to 30% equity ration is allowed though the debt can amount 90% top 95% of target Company total capitalisation. Private equity firm prefer to sue leveraged buyouts for two reasons. Use of debt that is widely used in US increased financial return to the private equity sponsor. Debts are exempted from taxation and hence the returns from debt are greater that from cash (Lasen, 2006; Robinson and Cottrell, 2007).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Many countries for example Germany have introduced new tax laws with an aim of discouraging leveraged buyouts through reduction of tax shield effectiveness. The performance of private equity firms that used LBO as their main source of financing went into bankruptcy in 1980s and 1980s.   The insolvency was largely contributed by excessive debt financing amounting up to 97%. This led to higher interest payment that exceeded the company’s operating cash flow. Most companies were taken over by other companies and government.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the recent past private equity industry has experienced a boom as noted in Great Britain as well as USA. Most pension scheme companies have invested in private equity firms and in particular LBOs. The size of private equity pool increased by 37% in 1994 in Great Britain. There is great disparity between foreign private equity pool and United States which present possibility of future growth. The rapid growth in the private equity industry has led to poor returns on capital invested. The returns from public equity deals are higher and this challenges the stability of private equity industry in using LBOs as way of financing (Clark and Whiteside, 2003).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   PED projects were initially known to have positive impact in paediatrics industry. The PED projects however are on the decline. This can be attributed to poor management and appointment of nationals who have worked in public service to oversee them yet they have little experience or knowledge that is needed. The PED has encountered pressure from fear of disappointing former and future employees and this has in most cases resulted in failure or problem in implementation of the projects (Saylor, Swenson, Reynolds and Taylor, 1999). References Clark, G. L., Whiteside, N. (2003) Pension Security in the 21st Century: Redrawing the Public-Private Debate. Oxford: Oxford University Press. Robinson, M. J., Cottrell, T. J â€Å"Investment Patterns of Informal Investors in the Alberta Private Equity Market† Journal of Small Business Management, 45, (2007):11-89. Larsen, D. L. â€Å"Challenges to the Private Equity Industry† Journal of Accountancy, 202, (2006):112-156. Saylor, C. F., Swenson, C., Reynolds, S., and Taylor, M â€Å"The Paediatric Emotional Distress Scale: a Brief Screening Measure for Young Children Exposed to Traumatic Events.† Journal of Clinical Child Psychology. 28.1. (1999): 34-70.

Across the Nightingale Floor

Written by the pseudonymous Australian author, Lian Hearn embraces a contemporary writing style, and her novel shows little resemblance to that of Australian literature. Based on high recommendations from my peers and seeing that the novel was intended for teens of both genders, I was compelled to explore this novel. Although a well written quest, I believe that it is an inappropriate book for high school study due to its incomplex storyline and weak moral sense. In the mythic novel, Takeo, a young boy living in the Three Countries, is on a quest to kill Iida, the callous leader of the Tohan clan, after Iida burnt Takeo’s village and killed his family. Takeo is taken in by Lord Shigeru and begins training as a warrior. Having being brought up by the Hidden, a peaceful clan who are against war, Takeo demonstrates reluctance to kill. This creates problems in his training and his teacher is determined to help him overcome this. Across the Nightingale Floor takes on a traditional and contemporary trend, incorporating ideas such as teenage love and arranged marriages. Gender discourses are embedded within the novel and are shown through the domination of males over females. Being a female, Kaede is without freedom and is forced into an arranged marriage with no objection. Lord Iida on the other hand, being a domineering male, overpowers Kaede. The majority of the novel consists of a war discourse which is apparent through the feud between Lord Shigeru and Iida. Family discourses are also seen at the very beginning of the novel with Takeo’s family. Contrasting themes are cleverly entwined, as the novel revolves around strong themes such as love, beauty, honour, vengeance and death. Love is portrayed through many parts of the novel; Takeo and Kaede, Lord Shigeru and Lady Maruyama and all the friendships and alliances that Takeo and Kaede make throughout the novel. Beauty is shown through Kaede’s striking appearance which men die for. Honour is seen in Kaede’s obligation to marry, as well as Takeo’s pledge to avenge Iida. Vengeance and death are portrayed in both Iida and Lord Shigeru’s death, and is also present throughout the entire novel as Takeo seeks to kill Iida. In terms of moral perspectives, Across the Nightingale Floor does not depict conceptions of peace as it holds many unethical ideas. Although mentioned early in the novel, Takeo’s religious upbringing is overlooked as his trainings as a warrior requires him to kill. Iida’s vindictive character is emphasized through his intentions of strengthening his power base by destroying defenceless villages. Innocent village inhabitants are brutally punished by Iida through methods such as suspending them in midair to be further eaten alive by crows. Such immoral concepts would not be suitable for school students to absorb. While the novel contains figurative language, it is also accompanied by plain prose which dissatisfies the story, and the reader’s opportunity to broaden their vocabulary is miniscule. Through the course of the novel, the reader follows three perspectives: The protagonist, Takeo, Kaede, and the narrator. Much confusion is brought about as the story switches from first person to third person, and a considerable level of concentration is required. The reader is needed to position themself in three perceptions, as well as being able to sympathize for both Takeo and Kaede. The novel’s intermittent pace also further complicates things as the author fails to describe the situations in detail. An example of this is the death of Takeo’s family. Although Takeo’s grievance for his dead family is obvious, it is difficult for the reader to sympathize for him due to their lack of understanding of his family bonds, caused by a deficiency in information. It can be easily assumed that the imagery contained in Across the Nightingale Floor is based on feudal Japan. A tell-tale sign of quests, the maps at the very beginning of the book lead to this preconception. Although this is the case, very little references are made to the surroundings within the novel, consequently decreasing the reader’s ability to visualize the exotic Japanese backdrop. Most of the characters’ thoughts are incoherent within the novel. Takeo’s thoughts on his new-found supernatural powers are unheard of, as well as what he thinks of having to use weapons, something which disagrees with his anti-war nature. As the antagonists of the novel, Iida and his men are undeveloped characters and do not seem to make much progress throughout the novel. They are not given a chance to portray their strengths, nor are they seen to fall. Because Takeo’s role as a warrior conflicts his reluctance to kill, his personality is divided thoroughout the whole novel. Takeo takes the centre of the many conflicts between the other characters, and this mainly influences and emphasizes his divided nature. As a result, Takeo’s issues remain at the end of the novel and he is unable to resolve them. It is evident that Australian literature is gradually dominated by simple texts and to my disappointment, Across the Nightingale Floor further highlights this issue. While its intended audience is young adults, I would recommend this novel for primary school students, due to its simple-crafted language and easy to grasp concepts. Although it may not be suitable for teens, as a children’s novel, Across the Nightingale Floor is an enjoyable read. Across the Nightingale Floor Written by the pseudonymous Australian author, Lian Hearn embraces a contemporary writing style, and her novel shows little resemblance to that of Australian literature. Based on high recommendations from my peers and seeing that the novel was intended for teens of both genders, I was compelled to explore this novel. Although a well written quest, I believe that it is an inappropriate book for high school study due to its incomplex storyline and weak moral sense. In the mythic novel, Takeo, a young boy living in the Three Countries, is on a quest to kill Iida, the callous leader of the Tohan clan, after Iida burnt Takeo’s village and killed his family. Takeo is taken in by Lord Shigeru and begins training as a warrior. Having being brought up by the Hidden, a peaceful clan who are against war, Takeo demonstrates reluctance to kill. This creates problems in his training and his teacher is determined to help him overcome this. Across the Nightingale Floor takes on a traditional and contemporary trend, incorporating ideas such as teenage love and arranged marriages. Gender discourses are embedded within the novel and are shown through the domination of males over females. Being a female, Kaede is without freedom and is forced into an arranged marriage with no objection. Lord Iida on the other hand, being a domineering male, overpowers Kaede. The majority of the novel consists of a war discourse which is apparent through the feud between Lord Shigeru and Iida. Family discourses are also seen at the very beginning of the novel with Takeo’s family. Contrasting themes are cleverly entwined, as the novel revolves around strong themes such as love, beauty, honour, vengeance and death. Love is portrayed through many parts of the novel; Takeo and Kaede, Lord Shigeru and Lady Maruyama and all the friendships and alliances that Takeo and Kaede make throughout the novel. Beauty is shown through Kaede’s striking appearance which men die for. Honour is seen in Kaede’s obligation to marry, as well as Takeo’s pledge to avenge Iida. Vengeance and death are portrayed in both Iida and Lord Shigeru’s death, and is also present throughout the entire novel as Takeo seeks to kill Iida. In terms of moral perspectives, Across the Nightingale Floor does not depict conceptions of peace as it holds many unethical ideas. Although mentioned early in the novel, Takeo’s religious upbringing is overlooked as his trainings as a warrior requires him to kill. Iida’s vindictive character is emphasized through his intentions of strengthening his power base by destroying defenceless villages. Innocent village inhabitants are brutally punished by Iida through methods such as suspending them in midair to be further eaten alive by crows. Such immoral concepts would not be suitable for school students to absorb. While the novel contains figurative language, it is also accompanied by plain prose which dissatisfies the story, and the reader’s opportunity to broaden their vocabulary is miniscule. Through the course of the novel, the reader follows three perspectives: The protagonist, Takeo, Kaede, and the narrator. Much confusion is brought about as the story switches from first person to third person, and a considerable level of concentration is required. The reader is needed to position themself in three perceptions, as well as being able to sympathize for both Takeo and Kaede. The novel’s intermittent pace also further complicates things as the author fails to describe the situations in detail. An example of this is the death of Takeo’s family. Although Takeo’s grievance for his dead family is obvious, it is difficult for the reader to sympathize for him due to their lack of understanding of his family bonds, caused by a deficiency in information. It can be easily assumed that the imagery contained in Across the Nightingale Floor is based on feudal Japan. A tell-tale sign of quests, the maps at the very beginning of the book lead to this preconception. Although this is the case, very little references are made to the surroundings within the novel, consequently decreasing the reader’s ability to visualize the exotic Japanese backdrop. Most of the characters’ thoughts are incoherent within the novel. Takeo’s thoughts on his new-found supernatural powers are unheard of, as well as what he thinks of having to use weapons, something which disagrees with his anti-war nature. As the antagonists of the novel, Iida and his men are undeveloped characters and do not seem to make much progress throughout the novel. They are not given a chance to portray their strengths, nor are they seen to fall. Because Takeo’s role as a warrior conflicts his reluctance to kill, his personality is divided thoroughout the whole novel. Takeo takes the centre of the many conflicts between the other characters, and this mainly influences and emphasizes his divided nature. As a result, Takeo’s issues remain at the end of the novel and he is unable to resolve them. It is evident that Australian literature is gradually dominated by simple texts and to my disappointment, Across the Nightingale Floor further highlights this issue. While its intended audience is young adults, I would recommend this novel for primary school students, due to its simple-crafted language and easy to grasp concepts. Although it may not be suitable for teens, as a children’s novel, Across the Nightingale Floor is an enjoyable read.