Inside Job Is A Documentary That Covers The 2008 Financial...

Inside Job is a documentary that covers the 2008 financial crisis. The first part of the documentary focuses on what led to the financial meltdown. In the 1980 s the finance industry exploded after investment banks went public, leading these firms to have an excess of stockholder s money. Then the president at the time, Ronald Reagan, began a 30 year period of financial deregulation. Reagan deregulated savings and loan companies which allowed them to make risky investments with depositor s money, which led to taxpayers paying $124 billion dollars when they inevitably failed. Executives in these companies were also stealing money from their depositors. Another problem was that many of the executives from these investment banks ended up being put into powerful positions in the government where they pushed for even more deregulation. In the late 90 s the internet bubble burst after investment banks knowingly promoted internet companies they knew would fail. A financial innovation known as derivatives became a $50 trillion business yet they were completely unregulated. When there was an attempt to regulate this market, it was almost immediately shut down and a law was put in place banning all regulation of derivatives. Under these new rules it created a new securitization food chain. Investment banks were creating complex derivatives called collateralized debt obligation and selling these debts to investors. Then these CDO s were rated by rating agencies, with most of themShow MoreRelatedEconomic Systems: Capitalism Essay1400 Words   |  6 Pagescharacterized by the private ownership of the means of production, and where production is guided and income distributed largely through the operation of markets. The objective of a capitalist society is to gain profit. Some of its strengths of living inside a Capitalistic economy are the incentive for innovation, efficiency, and economic growth. 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It is a comprehensive documentary which narrates the history of the collapse, not only going into great, informative depth about the risk-based strategies that put the global economy on the line, but looks back to the rise of the financial industryRead MoreThe Inside Job - Review2226 Words   |  9 PagesMOVIE – INSIDE JOB Rohan Rambhia | PGP-10-155 Inside Job is an exemplary recount of how administrator’s role when exploited to form risky administrative strategies by means of faulty processes lead to a crisis of the stature of the recession of 2008. It is a comprehensive documentary which narrates the history of the collapse, not only going into great, informative depth about the risk-based strategies that put the global economy on the line, but looks back to the rise of the financial industryRead MoreThe Collapse Of The Financial Crisis1766 Words   |  8 PagesIt’s been eight years since the 2008 global financial crisis, and the effects of it are still being felt. 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The Importance Of Love In Dante Alighieris The Divine Comedy

In Dante Alighieri’s poem, The Divine Comedy, Dante’s quest to find Beatrice symbolizes the importance of allowing love to be ones guide to divine understanding, for this is the only action which is completely controlled by God. Dante argues that although we have desires for sinful actions, humans have the ability to control these desires and decide our own fate. Furthermore, he argues that even if humans commit sin in life, if they will redemption before being sent to hell, they have the opportunity to purify themselves of purgatory. Thus, for Dante, choice is an ever present and vital part of life, and therefore, fate does not exist. But love for Dante is different. Dante argues that love cannot be controlled or chosen. There is no†¦show more content†¦Dante, the pilgrim, meets a man in Purgatory named Marco Lombardo, and he explains to Dante how everyone has free will, and that, â€Å"intellect† (Dante, Purgatorio XVI. 80) is what frees him â€Å"fro m the heavens’ influence† (Dante, Purgatorio XVI. 81). Lombardo is telling Dante that the more intellectual knowledge one has, the more control one has over their own fate. Lombardo goes on to tell Dante that, â€Å"The spheres [are what] start your impulses along† (Purgatorio XVI. 73) and that the soul â€Å"turns eagerly to all that gives it pleasure† (Purgatorio XVI. 90). Thus, our souls are drawn towards beautiful and pleasurable things first, and in order to make sure that these beautiful things aren’t coming from a â€Å"simple soul† (Purgatorio XVI. 87), which will deceive, one must â€Å"guide its love to higher things† (Purgatorio XVI.93). But thankfully Lombardo reassures Dante that he is â€Å"headed the right way to reach the stair that leads above† (Purgatorio XVI. 49). By following his desire for Beatrice, he is on his way to the divine. The idea that love is what is leading Dante in the direction of heaven is evid ent in Lombardo’s words. Virgil, human reason, does not only lead Dante physically through Purgatory, but he also leads him with his words as Lombardo does. Vigil tells Dante that he must â€Å"give [his] entire attention to [his] words†Show MoreRelatedThe Divine Comedy1705 Words   |  7 PagesItaly, brought about a literary revival. One of the writers that influenced this revival is Dante Alighieri, a 13th century poet from Florence, Italy. His world famous epic, La Commedia, or more commonly known as The Divine Comedy remains a poetic masterpiece depicting truth and sin. The Divine Comedy, through the journey into the three hells, expresses a universal truth of good versus evil. 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Commitment and Empowerment of Employees †MyAssignmenthelp.com

Question: Discuss about the Commitment and Empowerment of Employees. Answer: Introduction Total quality management is a business approach which has been referred to the process of maintaining and balancing a safe amount of quality in the products and services for offering the consumers with the maximum level of satisfaction. This is a customer-oriented approach which aids the business entity in attaining the goals and targets (Ariffin, 2014). The concept is all concerned about the assumption that the entire efforts of the employees within the organization should be focused towards offering the best set of services to the consumers and at the end, the efforts applied by the employees will be reflected in the satisfaction level of the customers. The mechanism is totally engaged in bringing regular advancements and improvements so as to enhance the quality of products which in-turn leads to increased level of satisfaction. Total quality management is the factor for attaining operational excellence. Operational excellence has been considered as the key requirement for any of the business organization for succeeding in the competitive environment. Quality products and services play a vital role in establishing a strong brand image of Business Corporation (Calabrese and Corb, 2015). The tools of TQM can be tracked during 1920s when the first application of the statistical theory was done to the quality of the products. The history of TQM has been segmented in some of the main sections such as monitoring, auditing, control over quality and statistical approaches, quality in Japan, awards for quality and excellence models (Fonseca, 2015). Moreover, the base of the concept of Total Quality Management has been observed to be emerged from early 1920s, which has been termed as the principles of scientific management. The developments in the concept were later made in Japan in 40's led by Americans such as Deming, Juran and Feigenbaum.In 1930s (asq.org 2017), introduction of mechanisms for quality control and statistical analysis was done by Walter Shewhart. Various opinions and theories have been presented by different authors on the concept of quality management. For instance, W. Edwards Deming has given the 14 points on Total Quality Management and he was known as father of quality control. More, advancements in the concept were made by some Japanese researchers such as Dr. Ishikawa and Dr. Taguchi. On the basis of the research executed by Ishikawa, a development of a fishbone was done and it was also termed as cause effect diagram for solving the issues and also establishment of seven basic tools of quality and philosophy of total quality was done. Whereas, theory of Taguchi, on making a less sensitive design for developing variation in production process (asq.org 2017). The below-executed analysis has been made focused on the concept of total quality management of the Seven events which is an event management organization in the UK. Total Quality Management Key Principles The concept of continuous improvements means the development of new mechanisms and methods for advancements of the business activities and the operations. The below mentioned are the two methods or the tools which can be adopted by Seven Events for bringing continuous improvements in the processes and operations. Further, the author has also critically analyzed Kaizen which is one of the integral tools of the concept of TQM (Jones, 2014). Kaizen is a Japanese word which means continuous improvement. The term Kaizen has been made up of the combinations of the two different terms .i.e. Koi that means change and Zen that means good. Kaizen is the mechanism which can be adopted by Seven Events for bringing enhancements and advancements in the outcomes and this approach can also be proven beneficial in the personal life an individual. The concept of a quality circle has been introduced by the Japanese firms in a systematic manner and this attempt was made so as to make the involvement of the workforce at each and every organizational level (Cassia et al., 2015). This has been done for driving quality. On the basis of the research executed by Quality circles handbook, it has been observed that a quality circle is a concept which consists of a small group of individuals of 3 and 12 who are working on the same task. Purposely coming along, reliably for approximately 1 hour in a week in paid time, most of the part under the inventiveness of their own boss, and equipped to differentiate, dissect and take care of a part of the conflicts in their task. It has also been observed that there are two prime tasks which are assigned to the quality circles within an organization and that are the identification of the issues and problems and resolving the same issues and conflicts. Seven events is a multinational corporation and is also one of the leading brand names in the UK for organizing and planning events. The business corporation is acting as one body and develops motivation and improvements for finding best ways for planning events. The organization seeks the vision of the customers and makes a blend with the high standards and experiences for adding values. Application of Kaizen continuous improvement The concept has been used for describing the organizational culture in which the employees from top level to the lower level work and think for the ways to bring improvement (Oakland, 2014). The mechanism consists of the small steps which are used on regular basis by the firm and brings large improvements in long run (Rao and Thejaswini, 2014). The author observed that the tool has been considered as a slow process of improvement not a blitz or set of changes which can be quickly implemented (Kerzner, 2013). The recommended improvements are suggested by the teammates who are performing the task, no other or outsider s involved or permitted. For instance, if an individual of Seven Events is facing issues in addressing or is confused with whether a change will make sense or not. Then that individual is expected to drag the other teammates and have a discussion or can also have a brainstorming session and after that decision can be taken (Mahal and Hossain, 2015). The author also analyzed that the philosophy of Kaizen can be unimaginably helpful to Seven events, since it can support the progression of teamwork and self-independent meetings; ultimately prompting enhanced participation in the work environment (McNeil, Frey and Embrechts, 2015). Moreover, the concept will also be proven beneficial on the off chance that the business entity anticipates unraveling sectional interferences, and the way to change is centered on the necessities of the client (Sallis, 2014). By embracing kaizen, the employees will be roused to attain more raised amounts of value and advancement they simply need to trust that change and change are conceivable. Apart from all the benefits the business entity can also face some issues due to the limitations observed in the philosophy (Oak John, 2010). Application of Quality circle The quality circles are also secondary involved in boosting the morale of the teams through maintaining the presence at the meetings and also offering formal opportunities for discussing the work-related issues (Evans, 2010). Meetings are held in an organized manner. Seven events will have a need to select a chairman on a pivoting premise and a prepared plan. Minutes are likewise taken. They fill in as helpful methods for following up the proposition and their execution. The accomplishment of value circles has been found to depend critically on the measure of help they get from senior administration and on the measure of preparing that the members are given in the ways and points of the circles (Dale, 2015). Moreover, the author also emphasized the significance of training the workforce regarding the problem solving and failure analysis and also offering the members the set of appropriate tools of quality assurance for solving a problem. But in reality, the team members are lacking with the training sessions of formal problem solving (Goetsch and Davis, 2014). For instance, brainstorming sessions or technical training sessions are not provided. And this will lead to using the data in a wrong manner and incorrect implementation of the quality assurance process. It has been made voluntary to participate and working in the problem-solving processes of quality circles. In some cases, the workforce of Seven events may show reluctant behavior as not all the time the people like changes. And hence this has been proven as a disadvantage for the business corporation (Homburg, Schwemmle and Kuehnl, 2015). If the business entity is facing the problems of miss-management then due to the programs of a quality circle the practices and the activities of poor management will automatically get highlighted. For making implementation of Kaizen within Seven events, the business entity is required to make determination of future plans and goals. The goals are considered as the initial requirement for any of the business entity, for instance if the firm desires to stay competitive a well-defined goal should be set. The further process consists of reviewing the plan. This will bring improvements and advancements in the business organization. After this improvement test can be executed and implementation of the required advancements should be done. This process will assists in minimization of waste and will aid in attaining competitive advantage. Evaluation of Seven events implementation of TQM with Quality circle process Getting aware of the quality issues is the main concern of the concept and this can be adopted by Seven events for attaining competitive advantage. The below presentation is done for the same: The first part for the process consists of the identification of the issues. The second segment consists of prioritizing the issues. Which issues should be considered as more important? The last part is about generating alternative solutions and provision for the issues faced by Seven events. This will provide different ways to tackle the issues and identification of best ways and solutions to problems. Conclusion In the limelight of the above-executed analysis, it has been inferred that the concept of total quality management is one of the business approaches which has to be adopted by the business corporation for maintaining a balance between the quality of the products and the services. The above-presented report has been majorly focused on the concept of TQM for Seven Events which is an event management and planning company in the UK. A critical analysis has been executed over the concepts of quality circle theory and Kaizen which is a Japanese philosophy in the further report. Both the terms form a significant part of the approach of total quality management. The author observed that the concept of the quality circle is all about making and enhancing the involvement of the workforce at each and every organizational level. And Kaizen is a Japanese word which means continuous improvement and the same can be adopted by the business entity for bringing enhancements and advancements in the outcomes. The author has also presented some of the limitations of both the concepts. Apart from all the limitations, both the approaches of management will be proven beneficial for the business organization. Recommendations As it has been observed in the concept of the quality circle, the membership is voluntary, the entry and exit depend on the wish of the members and which come-up as an issue. So for solving this problem, some criteria should be set for entry and exit for the members. Moreover, Seven events should also focus on offering training sessions to the workforce or some of the brainstorming programs should be organized and the individuals within the organization should be made well-versed with the tools and techniques of problem-solving and decision making. In case of implementation of Kaizen, the business corporation should develop a friendly environment with the organization so as the workforce should start feeling free for sharing their ideas and beliefs which will enhance their performance and productivity. References Ariffin, J.M., 2014.JHR ventures: a case study of business challenge in event management industry(Doctoral dissertation, Universiti Malaysia Kelantan). asq.org, 2017, history of total quality management, Assessed on 3rd December 2017, https://asq.org/learn-about-quality/total-quality-management/overview/tqm-history.html. Calabrese, A. and Corb, M., 2015. Design and blueprinting for total quality management implementation in service organisations.Total Quality Management Business Excellence,26(7-8), pp.719-732. Cassia, F., Ugolini, M.M., Cobelli, N. and Gill, L., 2015. Service-based vs. goods-based positioning of the product concept: effects on customer perceived value.The TQM Journal,27(2), pp.247-255. Dale, B., 2015.Total quality management. John Wiley Sons, Ltd. Evans J, 2010, Quality and Performance Excellence:Cengage Learning. Fonseca, L.M., 2015. From Quality Gurus and TQM to ISO 9001: 2015: a review of several quality paths. International Journal for Quality Research (IJQR), 9(1), pp.167-180. Goetsch, D.L. and Davis, S.B., 2014.Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Homburg, C., Schwemmle, M. and Kuehnl, C., 2015. New product design: Concept, measurement, and consequences.Journal of Marketing,79(3), pp.41-56. Jones, M., 2014.Sustainable event management: A practical guide. Routledge. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Mahal, I. and Hossain, M.A., 2015. Activity-Based Costing (ABC)An Effective Tool for Better Management.Research Journal of Finance and Accounting,6(4), pp.66-74. McNeil, A.J., Frey, R. and Embrechts, P., 2015.Quantitative risk management: Concepts, techniques and tools. Princeton university press. Njie, T. L., Fon, L. T. Awomodu, G., 2008. Top management commitment and Empowerment of employees in TQM implementation, Sweden: University college of Bors. Oak l. John S, 2010, Total Quality Management and Operational Excellence: text and cases Routledge 4th Ed. Oakland, J.S., 2014.Total quality management and operational excellence: text with cases. Routledge. Rao, H.R. and Thejaswini, M.L., 2014. Six sigma concept for food industry. Sallis, E., 2014.Total quality management in education. Routledge.

Commentary on Seamus Heaneys Twice Shy Essay Example For Students

Commentary on Seamus Heaneys Twice Shy Essay Twice Shy by Seamus Heaney is a poetic story about a presumably young couple that take a walk by a calm river one spring evening. The couple, having been taught to wait by their juvenilia, are highly excited and anxious as they spend time together on this romantic occasion. The poem consists of five stanzas, all of similar length with a regular rhyme scheme. The poet utilizes numerous poetic devices through the poem, such as similes, metaphors and his choice of words, in order to create a captivating tale from the poems beginning to middle to end. The title of the poem appears to be the second half of the old saying, Once bitten, twice shy, and hints that the boy and the girl in the poem are being particularly careful of their behaviour thanks to some mistakes they have made in the past which they do not want to repeat. The setting is establish and the characters are introduced early in the opening stanza, showing Heaneys precise structuring of the poem, wasting no time to tell his tale. The girl is said to be wearing a scarf and suede flats and this first sentence of the poem by itself offers a lot of information. Already, Heaney reveals that the air outside is cool and sheds light on what the girl is wearing in the space of just twelve words, which is a good example of the succinctness Heaney and perhaps all well-known poets have. The fact that she wants to appear fashionable, yet sensible at the same time is contrasting, which is reflected in her mixed emotions later on. The poem is told in the first-person, so that we are given the male figures perspective of the story. This is interesting as it puts the reader in the position of one of the characters and includes the reader in the story. In the first stanza, the word walk is used twice, perhaps to clarify using the males voice that all they will be doing this evening is walking and nothing else. However, it is ambiguous at this point with regard to where this walk will lead to, which brings us back to the paradoxical way the girl is dressed. This may be another implication of the uncertain intentions of both the girl and the boy, and it may also be Heaneys way of tempting the reader to continue reading in the hopes of finding out more. The fact that the girl came with him for friendly talk is endearing and this certain charm about both of them is yet another way of relating to the reader and attracting the reader to read more. Lines 7 to 12 elaborate on the basic information we are given in the first stanza. What Heaney does from this point onwards is educate the reader about the central idea of the poem, that is, the feelings of a young person in love. Traffic and the sky are personified as they both are tense and holding their breath. The objective of this is to create tension and let the reader relate these ideas to the couple holding back their emotions and almost cannot wait any longer to relase them. Traffic is a particularly distinctive simile as it relates to the boy and the girl waiting for a green light, some sort of sign indicating that they can proceed. Henaey then writes:  Dusk hung like a backcloth  That shook where a swan swam,  Tremulous as a hawk  Hanging deadly, calm  and here, the poet uses a backcloth, a swan and a hawk to further demonstrate the key sentiments the boy and the girl are feeling. The backcloth dramatizes the setting as it would on a stage, but also makes the characters more colourful in front of a shady background. .u0ac6bcbb3271de74a19bc3e8d9ca9bbe , .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .postImageUrl , .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .centered-text-area { min-height: 80px; position: relative; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe , .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:hover , .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:visited , .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:active { border:0!important; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .clearfix:after { content: ""; display: table; clear: both; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:active , .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .centered-text-area { width: 100%; position: relative ; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:hover .ctaButton { background-color: #34495E!important; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe .u0ac6bcbb3271de74a19bc3e8d9ca9bbe-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u0ac6bcbb3271de74a19bc3e8d9ca9bbe:after { content: ""; display: block; clear: both; } READ: Compare the Way Poets Present Relationships EssayThe swan and the hawk are personified skilfully by Heaney to denote the gentleness and the calmness that the couple are presenting in front of each other, but also the anxiety and the fear they have in their minds. Heaneys fast-changing diction paints a vivid picture as he alternates from cadence to tremulousness using the words, tense, then hung, then shook, then swan, then hawk, then hanging, then deadly, lastly followed by calm. The use of consonance and cacophony with the words, shook, swan and swam also is a sign of the couples worry.