Monday, January 20, 2020
Donald Trump as a Presidential Candidate Essays -- Trump Should NOT Be
Due to Donald Trumpââ¬â¢s lack of political experience, preoccupation with multiple careers, and blatantly self-serving intentions, he should not ever have been considered a reasonable candidate for the presidential election. First of all, Donald Trump is a businessman-not a politician. He received his degree in Economics/Real Estate from the University of Pennsylvaniaââ¬â¢s Wharton School of Finance. In 2007, Forbes Magazine reported his annual earnings in entertainment alone to be $32 million. This would have meant a significant pay cut, had he become United States President. Currently, he is the producer and star of ââ¬Å"The Apprentice,â⬠which has been on air since 2004 (ââ¬Å"The Apprenticeâ⬠). He holds multiple offices at the Trump Organization, and is also a chairman of Trump Hotels and Casino Resorts, Incorporated (Project Vote Smart). Donald Trump has put his name on products and companies both successful and unsuccessful, including food products, corporations, and a clothing line. Trump once stated that ââ¬Å"The stuff thatââ¬â¢s been sent over from China falls apart after a year and a half. Itââ¬â¢s crap.â⬠Ironically, the majority of his products are manufactured i n China (Webley, 8). How can we expect a man to keep in touch with an entire country when he can hardly keep in touch with his own business? Donald Trump has had some other losses in business as well, including a failed airline business and multiple bankruptcies in his casinos, among other lost investments. (Webley, 3). This may not have been so damaging, if only Donald Trump had any political experience whatsoever, but he has none (Project Vote Smart). Karl Rove, former President Bushââ¬â¢s chief political advisor, once said that being the President of the United States may b... ...lirtation Meant for "The Apprentice" Ratings? - Political Hotsheet - CBS News." Breaking News Headlines: Business, Entertainment & World News - CBS News. CBS, 19 Apr. 2011. Web. 17 May 2011. DiGiacomo, Frank. "President Trump? The Donald Swapped Party Affiliations for Potential Presidential Bid in 2009." Featured Articles From The New York Daily News. New York Daily News, 15 Feb. 2011. Web. 15 May 2011. Gelman, Andrew and Gary King, ââ¬Å"Why Are America Presidential Election Campaign Polls So Variable When Votes Are So Predictable?â⬠1993. PDF. Rove, Karl. ââ¬Å"What Makes a Great President.â⬠Lecture. Rocco C. Siciliano Forum, Univ. of Utah. 13 Nov 2002. History News Network. George Mason Univ.ââ¬â¢s History News Network, 30 June 2003. Web. 08 May 2011. Webley, Kayla. "Trump Airlines - Top 10 Donald Trump Failures - TIME." TIME.com. Time, 29 Apr. 2011. Web. 15 May 2011.
Sunday, January 12, 2020
Answers for Wooldridge
MULTIPLE REGRESSION After completing this chapter, you should be able to: understand model building using multiple regression analysis apply multiple regression analysis to business decision-making situations analyze and interpret the computer output for a multiple regression model test the significance of the independent variables in a multiple regression model use variable transformations to model nonlinear relationships recognize potential problems in multiple regression analysis and take the steps to correct the problems. ncorporate qualitative variables into the regression model by using dummy variables. Multiple Regression Assumptions The errors are normally distributed The mean of the errors is zero Errors have a constant variance The model errors are independent Model Specification Decide what you want to do and select the dependent variable Determine the potential independent variables for your model Gather sample data (observations) for all variables The Correlation Matrix Correlation between the dependent variable and selected independent variables can be found using Excel:Tools / Data Analysisâ⬠¦ / Correlation Can check for statistical significance of correlation with a t test Example A distributor of frozen desert pies wants to evaluate factors thought to influence demand Dependent variable: Pie sales (units per week) Independent variables: Price (in $) Advertising ($100ââ¬â¢s) Data is collected for 15 weeks Pie Sales Model Sales = b0 + b1 (Price) + b2 (Advertising) Interpretation of Estimated Coefficients Slope (bi) Estimates that the average value of y changes by bi units for each 1 unit increase in Xi holding all other variables constantExample: if b1 = -20, then sales (y) is expected to decrease by an estimated 20 pies per week for each $1 increase in selling price (x1), net of the effects of changes due to advertising (x2) y-intercept (b0) The estimated average value of y when all xi = 0 (assuming all xi = 0 is within the range of obser ved values) Pie Sales Correlation Matrix Price vs. Sales : r = -0. 44327 There is a negative association between price and sales Advertising vs. Sales : r = 0. 55632 There is a positive association between advertising and sales Scatter DiagramsComputer software is generally used to generate the coefficients and measures of goodness of fit for multiple regression Excel: Tools / Data Analysisâ⬠¦ / Regression Multiple Regression Output The Multiple Regression Equation Using The Model to Make Predictions Input values Multiple Coefficient of Determination Reports the proportion of total variation in y explained by all x variables taken together Multiple Coefficient of Determination Adjusted R2 R2 never decreases when a new x variable is added to the model This can be a disadvantage when comparing modelsWhat is the net effect of adding a new variable? We lose a degree of freedom when a new x variable is added Did the new x variable add enough explanatory power to offset the loss of on e degree of freedom? Shows the proportion of variation in y explained by all x variables adjusted for the number of x variables used (where n = sample size, k = number of independent variables) Penalize excessive use of unimportant independent variables Smaller than R2 Useful in comparing among models Multiple Coefficient of Determination Is the Model Significant? F-Test for Overall Significance of the ModelShows if there is a linear relationship between all of the x variables considered together and y Use F test statistic Hypotheses: H0: ? 1 = ? 2 = â⬠¦ = ? k = 0 (no linear relationship) HA: at least one ? i ? 0 (at least one independent variable affects y) F-Test for Overall Significance Test statistic: where F has (numerator) D1 = k and (denominator) D2 = (n ââ¬â k ââ¬â 1) degrees of freedom H0: ? 1 = ? 2 = 0 HA: ? 1 and ? 2 not both zero ( = . 05 df1= 2 df2 = 12 Are Individual Variables Significant? Use t-tests of individual variable slopes Shows if there is a linear relationship between the variable xi and yHypotheses: H0: ? i = 0 (no linear relationship) HA: ? i ? 0 (linear relationship does exist between xi and y) H0: ? i = 0 (no linear relationship) HA: ? i ? 0 (linear relationship does exist between xi and y) t Test Statistic: (df = n ââ¬â k ââ¬â 1) Inferences about the Slope: t Test Example H0: ? i = 0 HA: ? i ? 0 Confidence Interval Estimate for the Slope Standard Deviation of the Regression Model The estimate of the standard deviation of the regression model is: Standard Deviation of the Regression Model The standard deviation of the regression model is 47. 46 A rough prediction range for pie sales in a given week isPie sales in the sample were in the 300 to 500 per week range, so this range is probably too large to be acceptable. The analyst may want to look for additional variables that can explain more of the variation in weekly sales OUTLIERS If an observation exceeds UP=Q3+1. 5*IQR or if an observation is smaller than LO=Q1 -1. 5*IQR where Q1 and Q3 are quartiles and IQR=Q3-Q1 What to do if there are outliers? Sometimes it is appropriate to delete the entire observation containing the oulier. This will generally increase the R2 and F test statistic values Multicollinearity Multicollinearity: High correlation exists between two independent variablesThis means the two variables contribute redundant information to the multiple regression model Including two highly correlated independent variables can adversely affect the regression results No new information provided Can lead to unstable coefficients (large standard error and low t-values) Coefficient signs may not match prior expectations Some Indications of Severe Multicollinearity Incorrect signs on the coefficients Large change in the value of a previous coefficient when a new variable is added to the model A previously significant variable becomes insignificant when a new independent variable is addedThe estimate of the standard deviation of the mode l increases when a variable is added to the model Output for the pie sales example: Since there are only two explanatory variables, only one VIF is reported VIF is < 5 There is no evidence of collinearity between Price and Advertising Qualitative (Dummy) Variables Categorical explanatory variable (dummy variable) with two or more levels: yes or no, on or off, male or female coded as 0 or 1 Regression intercepts are different if the variable is significant Assumes equal slopes for other variables The number of dummy variables needed is (number of levels ââ¬â 1)Dummy-Variable Model Example (with 2 Levels) Interpretation of the Dummy Variable Coefficient Dummy-Variable Models (more than 2 Levels) The number of dummy variables is one less than the number of levels Example: y = house price ; x1 = square feet The style of the house is also thought to matter: Style = ranch, split level, condo Dummy-Variable Models (more than 2 Levels) Interpreting the Dummy Variable Coefficients (with 3 Levels) Nonlinear Relationships The relationship between the dependent variable and an independent variable may not be linear Useful when scatter diagram indicates non-linear relationshipExample: Quadratic model The second independent variable is the square of the first variable Polynomial Regression Model where: ?0 = Population regression constant ?i = Population regression coefficient for variable xj : j = 1, 2, â⬠¦k p = Order of the polynomial (i = Model error Linear vs. Nonlinear Fit Quadratic Regression Model Testing for Significance: Quadratic Model Test for Overall Relationship F test statistic = Testing the Quadratic Effect Compare quadratic model with the linear model Hypotheses (No 2nd order polynomial term) (2nd order polynomial term is needed) Higher Order Models Interaction EffectsHypothesizes interaction between pairs of x variables Response to one x variable varies at different levels of another x variable Contains two-way cross product terms Effect of Interacti on Without interaction term, effect of x1 on y is measured by ? 1 With interaction term, effect of x1 on y is measured by ? 1 + ? 3 x2 Effect changes as x2 increases Interaction Example Hypothesize interaction between pairs of independent variables Hypotheses: H0: ? 3 = 0 (no interaction between x1 and x2) HA: ? 3 ? 0 (x1 interacts with x2) Model Building Goal is to develop a model with the best set of independent variablesEasier to interpret if unimportant variables are removed Lower probability of collinearity Stepwise regression procedure Provide evaluation of alternative models as variables are added Best-subset approach Try all combinations and select the best using the highest adjusted R2 and lowest s? Idea: develop the least squares regression equation in steps, either through forward selection, backward elimination, or through standard stepwise regression The coefficient of partial determination is the measure of the marginal contribution of each independent variable, given that other independent variables are in the modelBest Subsets Regression Idea: estimate all possible regression equations using all possible combinations of independent variables Choose the best fit by looking for the highest adjusted R2 and lowest standard error s? Aptness of the Model Diagnostic checks on the model include verifying the assumptions of multiple regression: Each xi is linearly related to y Errors have constant variance Errors are independent Error are normally distributed Residual Analysis The Normality Assumption Errors are assumed to be normally distributed Standardized residuals can be calculated by computerExamine a histogram or a normal probability plot of the standardized residuals to check for normality Chapter Summary Developed the multiple regression model Tested the significance of the multiple regression model Developed adjusted R2 Tested individual regression coefficients Used dummy variables Examined interaction in a multiple regression model Described nonlinear regression models Described multicollinearity Discussed model building Stepwise regression Best subsets regression Examined residual plots to check model assumptions
Saturday, January 4, 2020
How Donald Trump Won - The 2016 Presidential Race
Voters and political scientists will debate how Donald Trump won the presidential election in 2016. The businessman and political novice stunned the world by winning a presidential election most analysts and voters believed had firmly been in the hands of Hillary Clinton, who had far more experience in government and had run a more orthodox campaign.à Trump ran his campaign in the most unconventional of ways, insulting large swaths of potentialà voters and shunningà the traditional support from his own political party. Trump won at least 290 electoral votes, 20 more than the 270 needed to become president, but got more than 1 million fewer actual votes than Clinton did,à reigniting theà debate over whether the U.S. should scrap the Electoral College. Trump became only the fifth president to be elected without winning the popular vote. The others were Republicansà George W. Bush in 2000,à Benjamin Harrison in 1888 and Rutherford B. Hayes in 1876, and Federalist John Quincy Adams in 1824. So how did Donald Trump win the presidential election by insulting voters, women, minorities, and without raising money or relying on support from the Republican Party? Here are 10 explanations for how Trump won the 2016 election. Celebrity and Success Trump portrayed himself through the 2016 campaign as a successful real-estate developer who created tens of thousands of jobs.à Iââ¬â¢ve created tens of thousands of jobs and a great company, said during one debate. In a separate speech, Trump proclaimed his presidency would create job growth like youââ¬â¢ve never seen. Iââ¬â¢m very good for jobs .In fact, I will be the greatest president for jobs that God ever created. Trumpà runs dozens of companies and serves of numerous corporate boards, according to a personal financial disclosure he filed with the U.S. Office of Government Ethics when he ran for president.à He has said he is worth as much as $10 billion, and though critics suggested he is worth much less Trump projected an image of success and was one of the most well known brands in the county. It also didnt hurt that he was host and producer of NBCââ¬â¢s hit reality seriesà The Apprentice. High Turnout Among Working-Class White Voters This is the big story of the 2016 election. Working class white votersââ¬âmen and women alikeââ¬âfled the Democratic Party and sided with Trump because of his promise to renegotiate trade deals with countries including China and levy stiff tariffs on goods imported from these countries. Trumps position on trade was seen as a way to stop companies from shipping jobs overseas, though many economists pointed out taxing imports would drive up costs to American consumers first. His message resonated with white working-class voters, especially those who live in former steel and manufacturing towns. Skilled craftsmen and tradespeople and factory workers have seen the jobs they loved shipped thousands of miles away, Trump said at a rally near Pittsburgh, Pennsylvania. Immigration Trump promised to essentially lock down the borders to prevent terrorists coming in, an appeal to white voters who were not necessarily worried about crimes being committed by undocumented immigrants by jobs being filled by them. What we are going to do is get the people that are criminal and have criminal records, gang members, drug dealers. We have a lot of these people, probably two million, it could be even three million, we are getting them out of our country or we are going to incarcerate, Trump said. Trumps position contrasted starkly with Clintons position on illegal immigration. James Comey and the FBIs October Surprise A scandal over Clintonsà use of a personal email serverà as secretary of State had dogged her through early parts of the campaign. But the controversy appeared to be behind her in the waning days of the 2016 election. Most national polls in October and the first days of November showed Clinton leading Trump in the popular vote count; battleground-state polls showed her ahead, too. But 11 days before the election, FBI director James Comey sent a letter to Congress stating he would review emails found on a laptop computer belonging to a Clinton confidant to determined whether they were relevant to theà then-closed investigation ofà her use of the personal email server. The letter cast Clintons election prospects into doubt. Then, two days before Election Day, Comey issued a new statement that both confirmed Clinton did nothing illegal but also brought renewed attention to the case. Clinton directly blamed Comey for her loss after the election. Our analysis is that Comeyââ¬â¢s letter raising doubts that were groundless, baseless, proven to be, stopped our momentum,â⬠Clinton told donors in a post-election telephone call, according to published reports. Free Media Trump didnt spend a whole lot of money trying to win the election. He didnt have to. His campaign was treated by many major media outlets as a spectacle, as entertainment instead of politics. So Trump got lots and lots of free airtime on cable news and major networks. Analysts estimated Trump had been given $3 billion of free media by the end of the primaries and a total of $5 billion by the end of the presidential election. While free media has long played an important role in our democracy by fostering political discourse and disseminating electoral information, the sheer enormity of coverage on Trump puts a spotlight on how the media may have influenced the course of the election, analysts at mediaQuant wrote in November of 2016.à Free of earned media is the widespread coverage he received by major television networks. He also spent tens of millions of dollars of his own money, mostly fulfilling a vow to finance his own campaign so he could portray himself as being free from ties to special interests.à I dont need anybodys money. Its nice. Im using my own money. Im not using the lobbyists. Im not using donors. I dont care. Im really rich. he said in announcing his campaign in June 2015. Hillary Clintons Condescensionà Toward Voters Clinton never did connect to working class voters. Maybe it was her own personal wealth. Maybe it was her status as a political elite. But it most likely had to do with her controversial portrayal of Trump supporters as deplorable. To just be grossly generalistic, you can put half of Trump supporters into what I call the basket of deplorables. Right? Racist, sexist, homophobic, xenophobic, Islamaphobic, you name it,à Clinton said just two months before the election. Clinton apologized for the remark, but the damage was done. Voters who were supporting Donald Trump because they were fearful over their status in the middle class turned solidly against Clinton. Trump running-mate Mike Pence capitalized on Clintons mistake by crystallizing the condescending nature of her remarks.à The truth of the matter is that the men and women who support Donald Trumps campaign are hard-working Americans, farmers, coal miners, teachers, veterans, members of our law enforcement community, members of every class of this country, who know that we can make America great again, Pence said. Voters Didnt Want a Third Term for Obama Regardless of how popular Obama was, its incredibly rare for presidents from the same party to win back-to-back terms in the White House, partly because voters become fatigued by a president and his party by the end of eight years.à In ourà two-party system, the last time voters elected a Democrat to the White House after a president from the same party had just served a full term was in 1856, before the Civil War. That was James Buchanan. Bernie Sanders and the Enthusiasm Gap Manyââ¬ânot all, but manyââ¬â supporters of Vermont Sen. Bernie Sanders did not come around to Clinton after she won the brutal, and what many thought ,à rigged, Democratic primary. In a scathing criticism of liberals Sanders supporters who didnt support Clinton in the general election, Newsweek magazines Kurt Eichenwald wrote:à Awash in false conspiracy theories and petulant immaturity, liberals put Trump in the White House. Trump won slightly fewer votes than Romney did in 2012ââ¬â60.5 million compared withà 60.9 million. On the other hand, almost 5 million Obama voters either stayed home or cast their votes for someone else. More than twice as many millennialsââ¬âa group heavily invested in the ââ¬Å"Sanders was cheated out of the nominationâ⬠fantasyââ¬âvoted third-party. The laughably unqualified Jill Stein of the Green Party got 1.3 million votes; those voters almost certainly opposed Trump; if just the Stein voters in Michigan had cast their ballot for Clinton, she probably would have won the state. And there is no telling how many disaffected Sanders voters cast their ballot for Trump. Obamacare and Health Care Premiums Elections are always held in November. And November is open-enrollment time. In 2016, as in previous years, Americans were just getting notice that their health insurance premiums were rising dramatically, including those who were purchasing plans on the marketplace set up under President Barack Obamas Affordable Care Act, also known as Obamacare. Clinton supported most aspects of the health care overhaul, and voters blamed her for it. Trump, on the other hand, promised to repeal the program.
Friday, December 27, 2019
Short Story - 1651 Words
2 pip Twenty million rand worth of shares... - How does that sound to you? - Twenty million? I thought you wanted to think things through. I have. Im in. The alliance between the Celes and the Morokas... We have to keep it that way. We cant let Siphesihle destroy it. Give me solutions. Not problems. I think I know someone who could help us get in. Yster. Water, please. You will get water. You have to talk first. How do we get inside the compound? How do we get inside the compound? Forget it. That place is like a maximum prison. - Theres top security. - Theres always a way. Maybe a side door, a window they forgot to close... an alarm-free zone... Talk! No. Tell me - how can we get into that compound? No... Thatsâ⬠¦show more contentâ⬠¦I mean you must start somewhere in order to grow. - Its either that, or you go back to #hashtag. - Hell no. - So? - That bridge has officially been burnt. - So are you going to look for a job? - Im not going back to working for someone. I guess... small-time it is. - Are the elders gone? - No. Theyre in Dads study. Giving me time to come to my senses. You knew they wouldnt agree to a divorce. It doesnt make it any easier. You know, theyre all ganging up on me. Theyre guilt-tripping me. What do you mean? About the alliance between the families? What they stand to lose if I jeopardise the alliance. And how Id publicly embarrass them. Youd swear Im the first person to get divorced. - Marriages fail all the time. - So? Are you going to give in to the pressure and make the marriage work or... I hope thats what shell do. She owes the family that much. Youre probably right. This whole thing could be a big disaster and could blow up in my face. And it could also cause a huge disruption in my life. But I have to do whats right for me and my child. That means getting out of this marriage. - When will you realise this isnt only about you? - Families pull together in times of crisis. That may be the case... but mothers are supposed to put their children first. I dont want Rorisang to grow up in a dysfunctional family. So the divorce is going through. My mind is made up. I booked a table at your favourite restaurant. IShow MoreRelatedshort story1018 Words à |à 5 Pagesï » ¿Short Stories:à à Characteristics â⬠¢Shortà - Can usually be read in one sitting. â⬠¢Concise:à à Information offered in the story is relevant to the tale being told.à à This is unlike a novel, where the story can diverge from the main plot â⬠¢Usually tries to leave behind aà single impressionà or effect.à à Usually, though not always built around one character, place, idea, or act. â⬠¢Because they are concise, writers depend on the reader bringingà personal experiencesà andà prior knowledgeà to the story. Four MajorRead MoreThe Short Stories Ideas For Writing A Short Story Essay1097 Words à |à 5 Pageswriting a short story. Many a time, writers run out of these short story ideas upon exhausting their sources of short story ideas. If you are one of these writers, who have run out of short story ideas, and the deadline you have for coming up with a short story is running out, the short story writing prompts below will surely help you. Additionally, if you are being tormented by the blank Microsoft Word document staring at you because you are not able to come up with the best short story idea, youRead MoreShort Story1804 Words à |à 8 PagesShort story: Definition and History. Aà short storyà like any other term does not have only one definition, it has many definitions, but all of them are similar in a general idea. According to The World Book Encyclopedia (1994, Vol. 12, L-354), ââ¬Å"the short story is a short work of fiction that usually centers around a single incident. Because of its shorter length, the characters and situations are fewer and less complicated than those of a novel.â⬠In the Cambridge Advanced Learnerââ¬â¢s DictionaryRead MoreShort Stories648 Words à |à 3 Pageswhat the title to the short story is. The short story theme I am going conduct on is ââ¬Å"The Secret Life of Walter Mittyââ¬â¢ by James Thurber (1973). In this short story the literary elements being used is plot and symbols and the theme being full of distractions and disruption. The narrator is giving a third person point of view in sharing the thoughts of the characters. Walter Mitty the daydreamer is very humorous in the different plots of his dr ifting off. In the start of the story the plot, symbols,Read MoreShort Stories1125 Words à |à 5 PagesThe themes of short stories are often relevant to real life? To what extent do you agree with this view? In the short stories ââ¬Å"Miss Brillâ⬠and ââ¬Å"Frau Brechenmacher attends a weddingâ⬠written by Katherine Mansfield, the themes which are relevant to real life in Miss Brill are isolation and appearance versus reality. Likewise Frau Brechenmacher suffers through isolation throughout the story and also male dominance is one of the major themes that are highlighted in the story. These themes areRead MoreShort Story and People1473 Words à |à 6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. On The Elements / Literary Concepts The short story Story Of An Hour is all about the series of emotions that the protagonist, Mrs. Mallard showed to the readers. With the kind of plot of this short story, it actually refers to the moments that Mrs. Mallard knew that all this time, her husband was alive. For the symbol, I like the title of this short story because it actually symbolizes the time where Mrs. Mallard died with joy. And with thatRead MoreShort Story Essay1294 Words à |à 6 PagesA short story concentrates on creating a single dynamic effect and is limited in character and situation. It is a language of maximum yet economical effect. Every word must do a job, sometimes several jobs. Short stories are filled with numerous language and sound devices. These language and sound devices create a stronger image of the scenario or the characters within the text, which contribute to the overall pre-designed effect.As it is shown in the metaphor lipstick bleeding gently in CinnamonRead MoreRacism in the Short Stor ies1837 Words à |à 7 PagesOften we read stories that tell stories of mixing the grouping may not always be what is legal or what people consider moral at the time. The things that you can learn from someone who is not like you is amazing if people took the time to consider this before judging someone the world as we know it would be a completely different place. The notion to overlook someone because they are not the same race, gender, creed, religion seems to be the way of the world for a long time. Racism is so prevalentRead MoreThe Idol Short Story1728 Words à |à 7 PagesThe short stories ââ¬Å"The Idolâ⬠by Adolfo Bioy Casares and ââ¬Å"Axolotlâ⬠by Julio Cortà ¡zar address the notion of obsession, and the resulting harm that can come from it. Like all addictions, obsession makes one feel overwhelmed, as a single thought comes to continuously intruding our mind, causing the individual to not be able to ignore these thoughts. In ââ¬Å"Axolotlâ⬠, the narr ator is drawn upon the axolotls at the Jardin des Plantes aquarium and his fascination towards the axolotls becomes an obsession. InRead MoreGothic Short Story1447 Words à |à 6 Pages The End. In the short story, ââ¬Å"Emma Barrett,â⬠the reader follows a search party group searching for a missing girl named Emma deep in a forest in Oregon. The story follows through first person narration by a group member named Holden. This story would be considered a gothic short story because of its use of setting, theme, symbolism, and literary devices used to portray the horror of a missing six-year-old girl. Plot is the literal chronological development of the story, the sequence of events
Thursday, December 19, 2019
Mentoring Relationship Between Two Individuals, The...
Mentoring, in general, is a term used to describe a relationship between two individuals, the ââ¬Ëmentorââ¬â¢ and the ââ¬Ëmenteeââ¬â¢. In this relationship, the mentor with more knowledge supports and passes on knowledge to the mentee through teaching, guidance, and encouragement, thus empowering the mentee to make decisions based on his/her capabilities. According to Fouchà © Lunt (2010), in this relationship, it requires two parties to collaborate together to learn new things, allowing them to further their personal development and perform to their fullest potential. In mentoring session, client-centred skills are commonly used. For instance, being congruent and genuine. Mentor will have to demonstrates integrity and free from pretending someone who they are not. Furthermore, the mentor will have to accept the mentee as who they are and not pass judgement on him/her. Lastly, a mentor will have to be empathetic towards the mentee. This means that the mentor will have to put him or herself in the menteeââ¬â¢s shoes to understand and feel how the mentee feels. Stokes (2003) mentioned that, most of the skills used in mentoring are associated with client-centred skills. It gave the mentor to understand the point of view from the mentee rather from the mentor point of view. Planning In planning stage, there are different methods that the mentor has considered using to help mentee. Such as, rapport-building activities, setting ground rules, clarifying the roles, create S.M.A.R.T (Specific,Show MoreRelatedAn Overview of Mentoring1297 Words à |à 5 Pages Mentoring: An Overview Q1. An explanation that includes a definition of mentoring and at least 3 purposes Mentoring is defined as an informal transference of knowledge between an expert and a neophyte. The mentor is said to have greater knowledge either in a particular field or of general, human qualities that he or she wants to transfer to the mentee. (PowerPoint 1: Slide 3). The purposes of mentoring include supporting professional development within an organization; identifying and nurturingRead MoreMentor And Mentee Relationships From The Army1320 Words à |à 6 PagesMentor and Mentee Relationships in the Army Matthew P. Styles 24 October 2017 Abstract In this paper I will be discussing the dynamic and effects of the mentorship relationship in relation to the Army. I will accomplish this by using Army doctrine and personal experience. First I will explain mentorship as defined by the Army. I will then discuss the characteristics of a mentorship relationship. I will cover the basic principles to be used to define the relationship. Next I will discuss considerationsRead MoreMentoring - CIPD1253 Words à |à 6 PagesIntroduction ââ¬â About mentoring 3 2. Mentoring programmes 3 3. Conclusions and recommendations 5 4. References 5 Introduction Mentoring is to support and encourage people to manage their own learning in order that they may maximise their potential, develop their skills, improve their performance and become the person they want to be. Eric Parsloe, the Oxford School of Coaching Mentoring. Mentoring can have multipleRead More5dcm Essay1561 Words à |à 7 PagesCoaching and Mentoring within Organisations CIPD Membership Number 23141918 Introduction This report has been written to aid the development of coaching and mentoring within a leading banking and financial service company. As public sector organisations implement severe cuts and the private sector faces increased competition, all having to manage more with less, an increasing number of organisations are turning coaching and mentoring into theirRead MoreCompanies Must Mentor Relationships and Manage Conflicts Essay1172 Words à |à 5 Pagesand how it will undoubtingly affect the long-term success of your career. Understanding the five areas of the mentoring relationship becomes vital for all employees when effectively managing conflict. The next competency of leveraging diversity is just as important as being able to manage conflict. In leveraging diversity one must ââ¬Å"foster an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organizationâ⬠. With the differencesRead MoreEssay Comparing Mentoring and Coaching1642 Words à |à 7 PagesComparing Mentoring and Coaching There are some key differences between mentoring and coaching. Mentoring- is known as the transfer of wisdom and has a protà ©gà © or mentee that takes an interest in their career path. The protà ©gà © is guided and advised by the mentor who has worn the same shoes and traveled the same path, usually someone older and wiser. The mentor guides, persuades, and encourages a person to reach their full potential in life, in a position in an organization or in a careerRead MoreSuccessfully Mentoring of Empolyees on the Growth of Diversity1144 Words à |à 5 Pagesdiversity within organizations has made it crucial for managers to mentor their employees as a ââ¬Å"tool to nurture and grow these individualâ⬠(Bailey Cervero, 2002). The Successful mentoring of these individuals also translates into positive outcomes for organizational initiatives. Nonetheless, the cultural characteristics of this diverse population has also made it harder to understand how to properly mentor these employees. Mentoring across cultures boundaries is an ââ¬Å"especially delicate dance thatRead MoreSchool Based Mentoring Programs ( Sbmp )919 Words à |à 4 PagesSchool-based mentoring programs (SBMP) have become widely used due to their presumptuously simple implementation and effective results; however, they remain to be scientifically under-developed and require integrity during implementation (Miller et al., 2013; Smith Stormont, 2011). Undoubtedly, SBMP have been shown to improve students: attitudes, confidence, school engagement, school performance, behaviour, vocational skills, and emotional and social skills (Converse Lignugaris/Kraft, 2009; MillerRead MoreMentoring in the Workplace2337 Words à |à 10 Pagesbusiness executives may say that earlier in their career they established a mentor relationship that helped them to get to where they are in their career. Research has shown that this statement can be true for some executives but not for all. Some experts believe that just having mentor relationships can or cannot affect someoneââ¬â¢s career path and development. The purpose of this paper is to explain exactly what mentoring is and how it successful works within the workplace environment. Using supportRead MoreHow Coaching and Mentoring Help Employees and Students Succeed1352 Words à |à 6 PagesCoaching and Mentoring Vital to Success Dineace D Minnick Colorado Technical University Coaching and Mentoring Vital to Success In my opinion I feel that to be successful you truly need to line up people around you who are will to Coach and Mentor you. It also looks good for you to be seen as a Coach and Mentor. I see this as an excellent way to always have feedback and direction to help reach goals and succeed to levels of excellence. I chose this topic because my ultimate goal, within
Wednesday, December 11, 2019
Retaining Talents Dynamic Business Environment
Question: Discuss about theRetaining Talentsfor Dynamic Business Environment. Answer: Introduction Apparently, human resource is a critical function in any organization obligated with enhancing success (Jing Huang, 2005). It is a function that creates achievements through recruiting employees with relevant skills and influencing their determination and commitments (Armstrong, 2007). Currently, the dynamic business environment requires flexibility in the organizational strategic goals to align them with situational demands. These technological advancements and the hostility of the external environment, therefore, requires the organization to heavily rely on the human resource management as well as strategic planning to hire talented, motivated and qualified individuals to work for the organization. Furthermore, people are trained and imparted with essential skills that align them with job requirements and organization culture (Eyre, 2007). However, this discussion has succinctly explored human resource management subject and narrowed down to the importance of recognition schemes as part of efforts of retaining employees in an organization. Additionally, the critiques, postulations, and presumptions discussed in the essay are based on Mc Donalds, a famously known organization in Australia with best employee management practices. The reader should, therefore, prepare to get the deeper understanding of the role of human resource and its practices, particularly, employee retailing practices employed at Mc Donalds. Also, the essay will discuss some motivation theories that are appropriate in supporting the recognition schemes applied at Mc Donalds. Finally, the discussion has contrasted the human resources practices at Mc Donalds with non- profit making organization, Spastic to gauge if the same practices can effectively work in a different business setup with antagonizing goals. Retaining Talents The revolution experienced in the labor markets and organizational demands obligates firms to execute a revamp in the administrative processes and human resource process. The Austrian labor markets have many graduates seeking employment to serve in various positions. The government, however, has streamlined the labor markets by enacting labor laws means to maintain sanity and transparency by employers. These laws are intended to ensure that discriminative policies are not practiced by employers and further, enhance fair compensation to workers. Among other metrics that have created the need for government involvement in employment and labor matters is to foster adherence to ethical requirements. Consequently, streamlining of all the mentioned factors promotes a good co-existence between the government, the employees, and the employers. Such healthy relationship can translate into improved performance in the organization through individuals commitments to designed responsibilities. Perhaps, most firms find it cumbersome to retain its hardworking employees. The hardness is posed by the close rivals who entice innovative, talented and hardworking employees with attractive reward systems (Chugh Bhatnagar, 2006). Mc Donalds indeed is a firm recognized just because of the pretty human resources practices aimed to influence employee commitments and retain future leaders positively. It is paramount to note that future leaders require coaching, training, mentorship and a solidly build a culture that every individual should comprehend from the beginning. Mc Donalds is well known to nature talents through various schemes that have resulted in a stellar performance. A clear understanding of the organization strategic aims, its capabilities, and environmental imperatives gives the human resource and strategic management team an insight of the expected measures to pursue (Chhabra Mishra, 2008). Mc Donalds restaurant has enacted different techniques to promote employee retention. Just to mention, the top management is outputs of the retention programs utilized by the organization. They gained intense experience out of the current culture that still exists. It thus implies that they are also wizards in maintaining the culture and even establishing latest measures to make the system more appropriate. Mc Donalds program exposes employees to various practices. For instance, focusing on workers through training of frontline crew, succession planning and employee recognition for good results has significantly helped. Notably, the transparency in the recruitment process ensures that the right people join the organization. The hiring of young individuals and exposing them to various training programs imparts in them knowledge and skills that are destined to achieve organizational purposes. However, fixing employees issues is a long process that needs a well established workable syst em that only changes to incorporate the new requirements brought by technological, economic and legal environment changes (Rasins et al., 2007). Unlike the public sector where the directors and management devalue the need for employee retention, training, and development programs are limited. The performance management practices are limited, and people work the way they want. Contrary to profit making institutions like Mc Donalds where all the constructive deeds of the employees are distinctively recognized. The monetary rewards schemes motivate employees to work harder to receive more benefits and recognition. The important point to note from the recognition scheme at Mc Donalds succeeded because of the implantation of the culture in young and talented individuals with determination to excel in managerial positions. Since the culture transfer starts the time, one is recruited to join Mc Donalds community. It is fantastic that the unique reward system adopted by Mc Donalds succinctly informs the employees about the organization expectation and usually stresses on productivity, better runs operations, quality, customer satisfa ction and culture maintenance (Smithers Walker, 2000). The success of this reward system depends on a certain motivational strategy (Lo Lamm, 2005). Sometimes, people can be exposed to different training program and culture, but resistance can be portrayed due to some factors like curiosity and complexity of human nature (Allen Helms, 2002). Mc Donalds can rely on different motivational theories to enhance the success of the recognition scheme. First and foremost, there are signs for the applicability of Maslow needs theory. This theory entirely recognizes different categories of needs that if catered for by the management, the worker's efforts and determination in achieving better results are enhanced (Cianci and Gambrel, 2003). These motivational needs arranged in a hierarchy whereby the satisfaction of one gives birth to the other. They are aligned as follows; self-actualization, esteem, belongingness, safety and physiological needs. With this arrangement, the lower needs require a great consideration and should be satisfied first t hen afterward, the other need arises. At the work setup, employees are usually provided with the base salary that forms the bulk of physiological needs. Then safety follows. Most companies usually ensure that workers are adequately protected from physical harm, and the security further extends to job security as well as health insurance. Also, employees value to belong in either one of the organization group dynamics. One feels recognized to be attached to team, department, clients, subordinates or supervisors. It is apparent that entrusting someone to fulfill a certain responsibility or lead a team can positively impact on the morale. Notably, these three motivational needs are provided by most organizations because they fall at the basic level. It is impractical to find a company that caters to self-actualization and esteem needs before belongingness, esteem, safety and physiological needs. Being crowned the best on matters regarding employee practices means all human practices in the organization must be perfect (Cameron Quinn, 2005). At Mc Donalds, the employees achievements are recognized in various ways. For instance, high status is accorded to others based on the results and others entrusted with key responsibilities that end up building individuals confidence. Similarly, the company has moved up to the further steps of ensuring self-actualization needs are accorded to individuals. For Mc Donalds, employees are taken through different training, development, growth and creativity programs meant to align with current job requirements and technological needs (Kamalian et al., 2010). Indeed, the management of Mc Donalds can significantly apply Maslow theory of motivation to ensure appropriate employee reward system is est ablished (Cianci and Gambrel, 2003). Also, the cognitive evaluation theory can superbly work at Mc Donalds. This theory simply postulates that intrinsic and extrinsic motivation can be applied in various proportions to enhance the realization of the firm objectives. Some individuals tend to work hard just to achieve success, others love responsibility, and others value competence (Steers et al., 2004). The work culture and Conducive environment created at Mc Donalds substantially supports intrinsic motivation. It is thus up to the management to identify such employees who value these factors and accords them the mandate to execute their roles (Isaac et al., 2001). However, such scheme can efficiently work if performance management processes are established to monitor results so that a slight deviation can timely be detected and be handled before impacting on the outputs (Datta et al., 2005). Also, extrinsic motivation involves promotions, pay increase, good working conditions and others. The use of extrinsic motivation has received some criticism because of their negative impacts on intrinsic motivations. But the truth of the matter, however, is that the current society needs financial empowerment people to meet daily demands whose prices keep fluctuating due to economic influences like inflation. On the same note, young individuals are greed and dream for initiatives that can make them rich within a short period. In this regard, extrinsic motivation can be appropriate for the young individuals employed by Mc Donalds. However, the application of extrinsic motivation is criticized and justification given. I have suggested that the young and tal ented individuals should be motivated by some sorts of monetary benefit to enhance their morale. Doing this can cultivate a bad culture in the staff and individuals determination will base on the reward scheme associated with the achievements. Therefore, the final stance concerning the applicability of cognitive evaluation theory is based on the enacted policies that reflect the criteria to base in selecting those who qualify. But it should not be part of the culture since employees can relax and reduce their commitments if the benefits are reduced. Besides, the management practices and cultural preservations between profit making and not-for profit making organizations significantly differ. If one talks about a profit making enterprise, the first thing to ring the mind is competitive advantage. It thus implies that profit making organization and for this case, the strategies applied at Mac Donalds to retain the customers and retain employees are totally different. The justification for the difference is because of the difference in goals. Being a profit making company, one has to apply all management techniques to ensure profits are earned. As a matter of fact, the human resources approach applied at Mc Donalds cannot be that appropriate if used in a not for profit making organization (Spastic center). Here is where employees are motivated by monetary rewards, recognition, promotions and other for their commitments in enhancing the achievement of organization short and long term objectives (Frank et al., 2004). The rewards syst em is also meant for quality and efficiency and maintenance of the organizational competitive edge (Schroeder, 2012). This system however, intends to get results from workers rather than pleasing them. It is contrary to the Spastic center where such organization runs for a specific agenda and the existence depends on the availability of donors and project duration. Also, the time allocated for the period doesnt give the human resources time to experiment with various rewards systems. It is apparent that employee performance is not debatable and once appointed one has to execute roles failure to which dismissal is inevitable. People tend to stick on the salary bracket and benefits highlighted in the appointment letters and results are always uniform and are based on the annual projections. Simply, the difference in human resource practices and organizations purposes justifies non-application of a joint employee motivation structure between profit-oriented institutions and non-profits making organizations (Guest, 2011). Therefore, rewards are limited in not for profit-making organization since the employees has only time to examine the effective ways to implement the project. The fun ds available is majorly planned to meet projects costs rather than motivating employees. However, one should not quote me wrong and conclude that the human resource managers for the not for profit making organizations are or should be exposed to a different training because the management practices applied in such organizations is different with profit making enterprises. No! It is not like that. The differences are just to create efficiencies in the not for profit making organizations to win the confidence of the donors and keep the project going. The training for human resource managers is the same. Naturally, we expect the human resource and performance management practices to vary in the two sectors because they have parallel objectives and the sources of funds in not associated with the determination of the employees. Conclusion In conclusion, the human resources practices are essential in ensuring an organization timely achieves its goals. Some include employee motivation and rewards systems that are established to influence employee work behavior in different ways. It is clear that the reward and motivation systems applied in the profit making organization differ with those used in not for profit making organization. The reason to substantiate this postulation is the differences in the organization purposes and sources of funds between the profits and not for profit making organizations. In addition, inculcating a culture in the employees at the moment they join the organization enhances preservation, and if such employees are developed through training, empowerment and other programs reduce cases of resistance and staff can be willing to support positive change just to increase the inputs.The realization of the fundamentality of human resource management in the modern business setup has redefined most pro cesses and aligned them with strategic objectives. Most importantly, qualified employees have been hired and have been assisted to comprehend their role in propelling the organization towards successfully. It is quite clear that motivation is a vital subject that significantly influences employee productivity. It is through this analysis that the importance of establishing unique organization culture and practices and inculcating them to employees from the time they join the organization. The human resource management schemes sometimes vary in applicability between profit and non-profit making organizations as explained in the essay. Therefore, employee retaining practices applied at Mc Donalds are reflections of the benefits organizations, and particularly profits making organizations can get if the workers contributions are valued. Lastly, the human resource ability to identify one reward system that aligns with organizations objectives creates conducive environment for the implem entation. Most importantly, retaining talents is the only way to keep an organization competitively fit for a long period. References Armstrong, M. (2007). Employee Reward Management and Practice: Kogan PageLimited London and Philadelphia. Allen, R. Helms, M. (2002). Employee perceptions of relationships between strategyrewards and organizational performance: Journal of Business Strategies, 19 (2). 115-139. Cameron, K. S., Quinn, R. E. (2005).Diagnosing and changing organizational culture: Basedon the competing values framework. John Wiley Sons. Cianci, R., and Gambrel, P. A. (2003). Maslow's Hierarchy of Needs: Does it apply in aCollectivist Culture. Journal of Applied Management and Entrepreneurship, 8(2), 143161. Chhabra, N. L., Mishra, A. (2008). Talent management and employer branding: Retentionbattle strategies. ICFAI Journal of Management Research, 7(11), 50-61. Chugh, S., Bhatnagar, J. (2006). Talent management as high performance work practice:emerging strategic HRM dimension. Management and Labor Studies, 31(3), 228-253. Datta, D. K., Guthrie, J. P. Wright, P. M. (2005). Human resource management and laborproductivity: Does industry matter? Academy of Management Journal, Vol. 48(1), 135-145. Eyre, E. (2007). Switching on to career development: Training Journal, June, pp. 22?4, ISSN1465?6523. Frank, F.D., Finnegan, R.P., Taylor, C.R. (2004). The race for talent: Retaining andengaging workers in the 21st century. Human Resource Planning, 27(3), 12-25. Guest, D. E. (2011). Human resource management and performance: still searching for someanswers. Human Resource Management Journal, 21 (1), 3-13. Isaac, R. G., Douglas, C., and Wilfred, J. (2001). Leadership and Motivation: TheEffective Application of Expectancy Theory. Journal of Managerial Issues 13(2), p. 212. Jing, W., Huang, T. (2005). Relationship between Strategic Human Resources Managementand Firm Performance, International Journal of Manpower, pp. 434-449. Kamalian, A. R., Yaghoubi, N. M., Moloudi, J., (2010) Survey of Relationship betweenOrganizational Justice and Empowerment (A Case Study): European Journal of Economics, Finance and Administrative Sciences, 24, 165-171. Lo K, Lamm, F. (2005). Occupational Stress in the hospitality industry: An Employment Relations Perspective. New Zealand Journal of Employment Relations, 30(1), 23-47. Rasins, L., Franze, I. and Russell, S. (2007). A systemic approach to career development atMcDonald's: Organization Development Journal, Vol. 25 No. 3, pp. 31?6, ISSN 0889?6402. Schroeder, H. (2012). The Importance of Human Resource Management in StrategicSustainability: An Art and Science Perspective. Journal of Environmental Sustainability: Vol. 2:Iss. 2, Article 4. Steers, R.M., Mowday, R.T. Shapiro, D.L (2004). The future of work motivation Theory:Academy of Management Review, Vol.29, No.3 pp.379-387) Smithers, GL, Walker, D.H.T. (2000). The effect of the workplace on motivation and de-motivation of construction professionals: Construction Management and Economics. Australia: Melbourne. 18(7): 833-847.
Tuesday, December 3, 2019
Legend Essays - Indian Films, Huma Bird, Persian Mythology
Legend Of Huma 1. The theme of this novel is that which one would expect from a story about a knight. Much of the novel deals with the honor of one's country, one's countrymen, and one's god. Huma, the hero of the novel, has a chance to run off with the girl he loves and abandon his mission because he is presumed dead. He overcomes this temptation , however, and continues his brave mission to save his world. Another instance of temptation to take the easy way out, but lose honor, occours at the very instant that he was about to complete his quest. While fighting the Dragonqueen, she offers him the chance to rule by her side for an eternity. He refuses her and eventually dies while defeating her, and maintains his honor. 10. Huma's close friend and fellow knight, Rennard, had been strangely stricken with the plague earlier in his life. He also befriends Huma when many criticize him. His features were very pale, and he did not show much emotion at all. These things are all common in the followers of the god of disease. Because Rennard had been a Knight for so long, no one thought anything about his resemblance to the god of disease. Later, it is discovered by Huma that Rennard was indeed a follower of the god of disease. Huma discovers this as Rennard is about to kill Grand Master, the knighthood's leader. The author chose to use this foreshadowing as a complete surprise to the reader. It was only a small hint, but it was enough to make one take notice. In another part of the story, Huma was separated from his friend Kaz , a monitor. Huma found a knight's outpost on the edge of the forest and hopes Kaz will find him. Later the knights went out to capture a beast that the elves told them was in the forest. To Huma's surprise the searching party returned with poor Kaz trapped in their nets. The author obviously used this as a good way to re-enter Kaz into the story after Kaz had been lost. 2. Dragon Mountain was a particularly important place in the story. While exploring its vast caves , Huma defeated the three trials of honor. At the end of these trials he became a worthy knight to defeat the Dragonqueen. Also, he met a ancient blacksmith who gave him twenty dragon lances that were used to defeat the Dragonqueen. 5. The novel basically ends in Huma defeating the Dragonqueen. Huma is riding his dragon, who also takes the human form of Gwyneth ( Huma's love), and drives the dragonlance into the Dragonqueen. The dragonlance breaks off into the Dragonqueen's body; this does not kill her, but she cannot remove the lance. Huma and Gwyneth are plummeted toward the mountain below and barely survive the inncedent. After a short while , Huma decides it is best to let the Dragonqueen go with the exception that she will never return to his world again. After the queen departs Huma and Gwyneth die in each others arms and go to a form of paradise. The novels ending is a good one in that it ends Huma's quest to save his world. Huma gains great honor and even becomes a legend for the deeds he did for his world. Also, I must voice my opinion about the deaths of both Huma and Gwyneth. I feel that their deaths were a bad choice by the author. Although this made the story more realistic, it left the story on a downfall that , to me , overshadowed Huma's victory. I would have ended on a happy note. 7. There were two big examples of irony in this novel. One was the shock of Rennard's betrayal to the knighthood. Rennard and Huma were the Grand Master's closest colleagues. This was proven to be a false front on Rennard's part to try to get in close enough to kill the Grand Master. Also, when Huma faced the decision whether to kill or free the Dragonqueen, he found himself with a delima. His whole quest had been based on seeking and destroying the queen. When faced with the opportunity, he realized that he could not kill her. If he did, the balance between good and evil would be altered drastically. This would destroy his world. He was forced to let the Dragonqueen go free on the condition that she never return to his world again.
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