Thursday, October 10, 2019

Health and Social Care Essay

Introduction Social policy refers to the issue of addressing the needs of the society by the state. It takes care of the welfare aspects of the people that are based on some strategies, ideologies, regulation and undertakings. This phenomenon has reached a global scale nowadays. Social policy has now a wider span and has expanded its horizon to enhance the welfare of the general people. Marshall (1950) devised the idea of social citizenship that paved the way to the welfare provisions. These rights were focused on the economic independence and a minimum standard of life for the citizen. Health is now considered something beyond the physical aspect. It has mental, psychological, social implications. Health and welfare are the result of some sophisticated relations of socio-economic issues and the sufficiency of amenities provided (Atkinson et al., 2001). The existing social and health care system was actually established in 1948 the formation of which started before the Second World War. It got a new dimension in the later part of the century where the community took the roles of the institutes and the control shifted to the private sectors. Though it has some loopholes during the course, it has gone through several significant changes. This study will discuss the important landmarks in the history of UK social policy and provisions along with a critical evaluation and the recent achievements in this regard. It will also focus on the factors behind the formation of the policies and their impact on the service users. Task 1 – historical and CONTEMPORARY LANDMARKS in social welfare provision 1.1 historical and CONTEMPORARY LANDMARKS in social policy Prior to and during the Second World War The Poor law was the sole social care facility that was provided prior to the Second World War which basically focused on the senior citizen and the incapacitated. It made it mandatory for each community to give benefit in the form of less charge for the deprived class. This law was later renamed into Public Assistance which was the result of Local Government Act, 1929. Subsequently, the facilities were open for everyone irrespective of disability and were applicable for people who did not have the money to pay for health care. (Pat Thane, 2009) The Disabled Person’s Employment Act, 1944 made it mandatory for the companies to give jobs to people included in Disabled Persons Register which should be minimum three percent of their employment. (Barnes, 1991) The National Association for Mental Health was later established in 1946 which had a movement for improved facility for the mentally disabled patients. National Health Service and the National Assistance Board The Poor law was terminated with the introduction of the National Assistance (NA) Act in 1946 which came into practice two years later. National Assistance Board (NAB) came into existence with the advent of this particular act. National Health Service took the hospitals under them which also came into being in the same year as NAB. NAB was later substituted by the Supplementary Benefits which merged with the Department of Health and Social Security in the year 1968. (Burt et al., 2003) After the Second World War The Mental Health Act came into being in 1959 that targeted to give the mentally disabled people a space in the society. It was the contribution of The National Assistance Act 1948, amended in 1962 that gave incentive to the native authorities to facilitate the senior citizen and people with disability with food, pastime facilities and to chalk out a decade long plan to enable them to stay in their respective residents for a period according to their will. (Pat Thane, 2009) In1968, Health Services and Public Health Act took the services to the senior citizens the and the people with disability to another level by offering extensive services like washing,  stewards, recreation and help in their home. (Bauld et al., 2005) In order to facilitate a social service division in every community, the Local Authority Social Services Act came into being in 1970. This was aimed at establishing a system where there is a collaborative and wide ranging arrangement for the entire social care system that will address the issues of people and give assistance to them who are in need of them. This division was given the duty of domestic aid, housing, food and entertainment facilities. The native authorities were made bound to make a catalogue of the incapacitated people and the services were to be exposed to the common mass. Invalidity Benefit came into existence in 1971which was later modified three years later which had the provision for Invalid Care Allowance In order to provide assistance to the people who wants to take the service of the local provider or a provider of their own choice of healthcare instead of the hospitals, District Health Authorities were given the authority in 1983 to give more finance to those people. In order to take care of the issue of make advancements in the service of the senior citizens and the people with disability, a series of papers addressed these issues to facilitate an improved service to the public. (Pat Thane, 2009) In an attempt to give more effort to the service to the people with disability, Disabled Persons Representation Act, 1986 was introduced so that they are taken into consideration more than before during the policy formulation. It gave the local bodies the duty to evaluate the requirement of the people with disability in terms of the social service and take care of these needs and let them know about the offers and facilities the local bodies are going to provide. (Daunt, 1992) In 1996, the Community Care Act was implemented to facilitate the people in need of social service with the und so that they can pay for the services. There are several another acts that were introduced to enhance the social care to the UK people; they are the following: Carers (Recognition and Services) Act, 1995 Mental Health (Patients in the Community) Act, 1995 Disability Discrimination Act, 1995 Carers and Disabled Children Act 2000 Special Educational Needs and Disability Act, 200 Private Hire Vehicle Act, 2002 Disability Discrimination Act (amended) 2005 Disability Equality Duty (DED), 2006 Welfare Reform Act 2007 1.2 factors influencing the development of policy & legislations The provisions regarding healthcare and welfare are mainly designed to provide the people with the economic assurance in case of any illness, disease, aging or lack of financial crisis due to the lack of a job. There are several types of allowance which is provided when a person is ill or out of job which are backed up by the insurance arrangements of the state. In the period after Second World War the state was more e focused on giving jobs to everyone. It was supported by the free education system and academic allowances. The prime attention of that period was basically the fund to the domestic arena, healthcare all around the country and obviously jobs to everyone. The employers and the government word collaboratively in this regard. task 2 – origins of social policies 2.1 PROCESS in key Health and Social Policy legalization The act is often preceded by a bill. The health related bills are presented in front of the parliament. Health and social policies are basically the activities and steps taken by the state to achieve a certain result in the national health scenario. The entire arrangement and structure of the health sector is deeply influenced by the act and legislation. These procure of formulating the policies may vary in nature. The place for the policy formulation and structure along with the attributes of the strategy has implication in the development of these acts. The whole procedure of policy formulation and implementation needs to be apprehended properly so that it  become convenient to make use of the resources and bring significant modifications in the healthcare provisions. These processes have number of stages. It starts with the design of the policy. In tis frost stage, lots of insights and information regarding the need of the service receivers are received. It takes into consideration the intention and the expected results are determined and according to them the appropriate steps are taken to make sure the required inputs are arranged. Secondly, the designed policy is practically applied by speeding the policy. It takes active measures to execute the policy. The final stage includes assessment and adjustment where the policies are scrutinized and modified according to the need of the situation. 2.2 INFLUENTIAL factors behind a parliamentary act Health and social welfare related issues are fundamentally influence by the people themselves. But the policy and parliamentary act are also affected by the assessment and the understanding and decision of the people concerned with the policy formation. There is also the consideration of the limitation of resources. In addition, the thinking process and the principals have a role to play. These policy makers have their own set of view and philosophies that are influenced by their allegiance to their respective parties (Ungerson, 1997). There are various modes of accomplishing the policies which can be customary or contemporary. There is also pressure from the activists and communities. Unexpected situations and likelihoods of events also play a role in the policy making process in the health care and social policy which may result in a very unscrupulous decisions and polices. (Spanswick, 2003) 2.3 the impact of the Act on service users The health and social care acts have positive effect throughout the UK history. These acts have helped to give people access to their fundamental right of health care, specially the older generation and the disabled people. (Foster et al., 2001) It has given the UK healthcare and welfare a solid structure. Health acre and social care had been two isolated entities, courtesy of the acts. But tis disintegration created a problem of lack of coordination. This disintegration was done in terms of the strategies and control of the bodies but they have been integrated to better serve the people. 2.4 POLITICAL leaders’ contriburion on policies Political leaders have vital contribution in helping the country recover from the adversities and downturn in the economy that resulted from the havoc of the Second World War. They help made the legislations to bring major changes in the social policies that had a foundation that predates the war. These politicians help pass the Health Act 2009 that aimed to take the National health Service to an advanced level to provide better facilities and service to the common mass.. In 2008 they passed Health and Social Care Act that had a vital contribution in revolutionizing and incorporating health and social care. The 2006 Health Act came up with the regulation that prevented public smoking and set the age restriction for smokers that was applicable to the seller of tobacco products. It also took care of the management of the medication and observation of transactions with pharmaceutical goods. (Hochschild, 1995) 2.5 improving the CARE WITH the on-going policy changes The policies that are concerned with the people’s welfare are always vulnerable to adjustments and amendments. Any vital change requires a lot deliberation and it has the risk of producing debate. The Medicare Program, introduced in 1965, has seen much modification since its inception which has helped the public to have access to better services. Further elective packages have been introduced by the authority to add to the convenience of people. (Alber, 1995) Task 3 – impact of social policies on users of health and social care services 3.1: contemporary policy developments and implementation The healthcare authorities and the social care bodies make sure everyone is treated with equality regarding the services. The strategy and regulation is designed in such a way that ensures service receivers get the service  maintaining their freedom and self-esteem. The state does its best to offer the widest range of services. They disseminate information to the public about the heath related issues and they also inform about the nourishing ingredients of a meal. Through the various programs, people are encouraged to maintain a healthy lifestyle and children are imparted education. About the health related issues. There are many joint venture sin the health and social care sector they provide employment along with the measures to improve the social care sector and take care of issues like health discriminations, infant health and adolescence health, health of senior citizens and so on. (Mason and Smith, 2005) 3.2 Measuring the impact of policy initiatives on service users There are lots of evaluation methods that are being followed by the USA government to ensure the effectiveness and the efficiency of providing services to the service users. Evidence based policy making is one of the major force for the best quality policy appraisal in the U.K. This policy making systems require policy maker and implement authority of all of these policy to utilize and use the information from different source including evaluation of the past rules and policy, statistics data, academic report and researches, economics rules and theories, national statistics, consultation with expert or agents etc. even the public expenditure, expending and the taxation also take part in this process. The UK Government has already undertaken, and also they are presently undertaking some random proscribed trials of policy steps. 3.3 the impact of a specific policy At 1999, The NSF or The National Service Framework for the mental health published. It is it is the central element for the working age adults regarding the policy of government. Beside this, this is plan or program for ten years improvement of the metal health care in UK. This NSF also described how this policy, system and the improvement will happen and the evidence relating this also given in NSF (CSIP/NIMHE, 2007). Though NSF is focusing on the decreasing of the smoke rate among people but it is not a  comprehensive or massive activity of improving health care like general health acre. Eight different pilot studies on the subject of improvement of the physical health care have been studied by the public health committee of the English strategy. (Beecham, 2005) 3.4 policies in improving the quality of life Policies can play a virtual role in the improvement of the service user’s quality of the life. Participating interest group like patient organization is very effective in this regard. The focus was later concentrated in the cut down of taxes, the reduction of interference by the government and the reduction in the government expenditure in 1975. But it had to take some portion out of the welfare budget. Currently, the state is more focused on providing people with employment rather than providing them with abundant allowances and benefits. There have been many regulation and law which are introduced to address the issues of labor, healthcare and social care nowadays. (Gulliford and Morgan, 2003) Task 4 – Recent developments in health and social care policy 4.1 recent development in health and social care policy It deals with many different things like voluntary sectors in welfare, the role or the part of religion etc. Also it deals with free worldwide secondary education and many more. Indigence is one of the primary causes of sickness. The poor and broken law authority started to evaluate hospitals for the sick people. Health and social care policy deals with the rules and the policies, system regarding people welfare state. Most of the average report founded on three assumptions which is health services, family allowance and full employment. Beside all of these things current period achievement is the pensions, insurance, tax credits, supplement to the family income etc. All of these this is the implement of current era of time. It also deals with the health and social care initiatives, social and labor inclusions, important legislation initiative, and rights etc. The announcement done by the Peter Lilley will help get the harmony to the benefit system. These mainly decrease the dependenc y of the benefit by helping the person or people in their work. (Judge, and Bauld, 2006) 4.2 the  differences in formation and adaption At this 29th century the social and the health care system policies initiative reached the rural and far areas of the United Kingdom. The main goal of this initiative of the health and social care is to provide the health and social care services to the society for the wellbeing of the society without considering the financial condition of the people. The main goal of this initiative is to provide state edification, pension and the universal health care to the citizen of the country. Similar to Japan the heath care of USA is being dominated and maintained and controlled by the different kind of insurance scheme=where state do not play any part. Social and health care is a contract between the individual citizen and the government in Scotland. But it’s straight forward in English policy where government ensures the commitment to give better health and social service rather than improving the policy itself. So it is more effective for the citizen of the country. This is a genera l contract between the service user or the citizen and the government service providers. Conclsuion The main focus of the healthcare and social care has been the equality of access recently. All the acts and polices are aimed at proving people with the most fundamental services and making sure that no one gets deprived (Exworthy et al.,2003). The undertaking of the major policy matters has been done in collaboration and various bodies across the state and government have put a lot of effort to take the healthcare and social care to a new dimension. Reference Alber, J. (1995). ‘A Framework for the Comparative Study of Social Service’s’, Journal of European Social Policy 5 (2): 131–49. Atkinson, M. et al. (2001) Systematic review of ethnicity and health service access for London. University of Warwick: Warwick. Bauld, L. et al. (2005) Promoting social change: the experience of health action zones in England. Journal of Social Policy 34 (3):427-445. Barnes, C. (1991) Disabled People in Britain and Discrimination: A Case for Anti-Discrimination Legislation, Hurst and Co in association with the British Council of Organizations of Disabled People, London. Beecham, J. (2005) Access to mental health supports in England: crisis resolution teams and day services. International Journal of Law and Psychiatry, 28: 574-587. Burt, J. et al. (2003) The relationship between use of NHS Direct and deprivation in southeast London: an ecological analysis. Journal of Public Health Medicine 25 (2):174-176. CSIP/NIMHE (2007) Mental Health: New Ways of Working for Everyone. Progress Report 280692, Department of Health: London. Daunt, P. (1992) Meeting Disability: A European Perspective, Cassell Education, London. Exworthy, M. et al. (2003) Tackling health inequalities in the United Kingdom: the progress and pitfalls of policy. Health Services Research 38(6, pt 2): 1905-1921. Foster, J. et al. (2001) A qualitative study of older people’s views of out-of-hours services. British Journal of General Practice 51 (470): 719-723. Gulliford, M. and Morgan, M. (2003) Access to Health Care. Routledge: London. Hochschild, A. R. (1995). ‘The Culture of Politics: Traditional, Post-modern, Coldmodern, and Warm-modern Ideals of Care’, Social Politics 2 (3): 331–45. Judge, K. and Bauld, L. (2006) Learning from policy failure? Health action zones in England. European Journal of Public Health 16 (4):341-3. Marshall, T. H. (1950) Citizenship and Social Class. Cambridge : Cambridge University Press. Mason, A. and Smith, P.C. (2005) Description of the Benefit Basket, England. Report prepared for the HealthBASKET project, funded by the European Commission within the Sixth Framework Research Programme Spanswick, M. (2003) Access to health care: vulnerable groups in society. In: Public Health and Society, Ungerson, C. (ed.) (1997), ‘Social Politics and the Commodification of Care’, Social Politics 4 (3): 362–82 Thane P.(2009). History and Policy. MEMORANDUM SUBMITTED TO THE HOUSE OF COMMONS’ HEALTH COMMITTEE INQUIRY: SOCIAL CARE. 67 (1): 140-145

Wednesday, October 9, 2019

Lying to an Nco

I am going to talk about in this essay is the seven army values and the importance of them to the army. In the US army we are taught to live by the Seven Army Values. They are broken down to us in the acronym â€Å"LDRSHIP†. Loyalty â€Å"Bear true faith and allegiance to the U. S. constitution, the Army, and other soldiers. † Duty â€Å" Fulfill you obligations. † Respect â€Å" Treat people as they should be treated . † Selfless Service â€Å" Put the welfare of the nation, the Army and your subordinates above your own. † Honor â€Å" Live up to the army values. †Integrity â€Å"Do what is right legally and morally. and Personal Courage â€Å" Face fear, danger or adversity (physical or moral). † We are all drilled on these seven army values from day one of basic training. First we commit them to memory. Then we learn to live by them. Lying is looked upon in society as one of the most deceiving and unforgiving acts known to man. The definition alone speaks volumes as to why a person, or a whole nation for that matter, would think of this act of incompetence in such a negative eyesight. To lie means to make an untrue statement with the intent to deceive, according to the Webster’s dictionary.It also means to simply create a false or misleading statement on purpose. There are also many synonyms to the word â€Å"lie,† such as: prevaricate, equivocate, palter, and fib. The word lie happens to be the most blunt of this group. â€Å"Prevaricate† softens the bluntness of a lie by implying quibbling or confusing the issue. â€Å"Equivocate† implies using words having more than one sense in an attempt to say one thing but to mean another. This is an attempt to mislead one without feeling as if one has lied. â€Å"Palter† implies making unreliable statements of fact or intention or insincere promises. Fib† applies to a telling of a trivial untruth.This is usually used when descr ibing â€Å"small lies. † People, for a wide plethora of reasons, tell lies. The most common reason is for one’s personal gain. As children, human beings learn that a simple lie will get you out of trouble or it will help in some kind of way. lies can be used inadvertently and without knowledge of the statement even being a lie. Either way, lying is not appropriate, even if it was unintentional, and the liar should apologize appropriately when they are caught in a lie.When a person resorts to lying to others they are only lying to themselves. A person that is dishonest once will usually lie again and again and many professions have developed reputations as having a great majority of liars in their field, which has led to issues of public trust, even with those that are truthful and honest. So why do people choose to tell lies? A lie usually starts out as innocent in nature but must be covered with a larger more complex lie and then another and soon the lies build up to a point that the person no longer knows the difference between what is true and what is a lie.Telling lies always leads to deceit; lack of trust, losing respect and in many cases the loss of a career. In the military, a non-commissioned officer, or an NCO, is an enlisted member of an armed force who has been given authority by a commissioned officer, typically a sergeant or corporal. Being a private, they are of higher rank and deserve a higher amount of respect. While lying to anyone is unacceptable, lying to a person of higher rank, like an NCO, is even less acceptable. Not only does it give off the impression that the person of lesser rank does not respect his elders, but it also degrades the private's trustworthiness.Trust is everything. Without trust, we would not be able to head in to battle knowing that my comrades will always have my back. Without trust, we cannot respect one another. Duty to me is accomplishing a task that needs to be done, no matter how much you’d rather be doing something else. Whether you love it or hate it, the task is there to be done. If one does not fulfill their duties on a regular basis, then those around them have to pick up the slack, and any sense of loyalty begins to become tarnished.Everyone wants to be respected, it’s in our nature, but in order to obtain respect, first of all one has to respect oneself. Second, one has to show respect to others in order to gain respect from them. If one doesn’t show respect to someone, that person may often feel slighted and lose respect for the person who slighted them. Selfless Service is the act of performing a service without expecting any type of personal gain. One does the service for the benefit of other people, and out of the goodness of their heart or even out of a sense of loyalty to that person or those people.When things look their best, these are the people that you admire. When things look their worst, these are the people that you pray are by your s ide. If the seven army values were like a stairway or a pyramid, then Honor would be at the top step. It takes all seven of the army values and more to have a good sense of honor. Military bearing, also known as military discipline, is a state of order and obedience comprised within a command. This state of order involves cooperation by the will of an individual, and for the well-being of their team.Military discipline is a specialized application of habitual discipline demands given by a soldier of commanding rank, but is a state of obedience that follows instructions and functions even in the absence of a commander, and in the face of adversity. It is because of our organization’s need to maintain a state of constant order that lying can not, must not, and shall not be tolerated. I aim to one day be able to use the lessons learned from my mistakes as an example for future soldiers that may one day fall into my position.

Tuesday, October 8, 2019

Research Paper Example | Topics and Well Written Essays - 3750 words

Research Paper Example To this effect, cyberbullying may be described as the use of instruments or provisions of information and communication technologies such as cell phones, e-mails, chart rooms, instant messaging and online social forums such as Facebook, WassUp, Skype or Twitter to exact, convey or support harassment, issuance of threats or intimidation of an individual. Some circles in the legal fraternity usually define cyberbullying as the employment of IT-related technologies such as the Internet and a phone or a computer or a computer to harass or harm other people, deliberately, repeatedly and in a hostile manner. Others define cyberbullying as the use of technology to threaten, harass, target or embarrass another person. The latter definition is important in understanding aspects [particularly, the objectives] of cyberbullying. The only flaw in it is the wide qualification of technology. While technology is wide-ranging, cyberbullying is only specific to IT technology. In a closely related wave length, cyberbullying occurs among young people. In the event that adults are involved, it is more fitting to describe the act of using IT technology to harass, embarrass, threaten or target another individual as cyber-stalking or cyber-harassment. In respect to the foregoing, it is most sound and safer from controversy, to define and describe cyberbullying as the use of IT technology by a child or a teenager to harass, embarrass, threaten or target child or teenager. The Reality of the Threat of Cyberbullying Although majority of the US and the world’s population is convinced about the dangers of cyberbullying, yet there is general ignorance on the magnitude of this threat. The magnitude of the threat at hand is underscored by several programs and activities which the US government has sanctioned in response to the danger of cyberbullying. One of these programs is the Be safe and Sound in School program, which aims at improving the safety and security of the American nationà ¢â‚¬â„¢s schools through the mobilization of parents, elected officials, school administrators, policymakers and students. There is also a federal government-run website which is under the management of the US Department of Health and Human Services, Washington D.C. The website provides resources on cyberbullying and the conventional form of bullying and avails necessary tools, publications and training, as a way of preparing children against cyberbullying and bullying. There is also the New Cyberbullying Resource for Victim Service Providers and the New Cyberbullying Tip Sheet. That the US would go the length to form these agencies as a way of countering cyberbullying and bullying is telling on the prevalence of cyberbullying in America. As if the provisions of cyberbullying above are not enough, statistical provisions from the i-SAFE foundation continue to underscore the prevalence of cyberbullying. According to statistical provisions from i-SAFE, more than half of teenagers and a dolescents

Monday, October 7, 2019

Marketing Coursework Example | Topics and Well Written Essays - 1000 words

Marketing - Coursework Example Age is one of the most important demographic groups in marketing. Age changes are linked to products and services changes such that as the consumer moves from one age group to the next one they will affect a change in products and service needs. For instance, an infant will have a need for infant formula while a teenager will not need infant formula. Gender is a demographic segmentation that describes the sexual orientation of a consumer. Males and females will require distinctively different products and services. For example, a female would require tampons, skirts, and dresses while a male would require boots, trousers, and suits. Income involves demographic segmentation of a population based on earning groups. High-income earners will be able to afford more expensive, higher quality and quantity of products and services while their low-income counterparts are restricted by their earning and would only afford to purchase low priced products and services. Social stratification invol ves segmenting a population based on their perception of their social standing. Higher social class customers will purchase high-end products and services while their low social class counterparts will purchase low-end products and services. Religion places specific demands on populations that would necessitate that they either accept or reject certain products and services. For instance, Muslims are not allowed to consume pork as such opening a pork butchery in a Muslim dominated area would be an unsound business choice.

Sunday, October 6, 2019

Toyotas Position in the Automobile Industry Research Paper

Toyotas Position in the Automobile Industry - Research Paper Example The competencies are responsible for the growth of an organization’s core products which in turn support the growth of other business units. Eventually, the business units are responsible for the production of the end products. This has been the case of Toyota. Toyota is among the most successful businesses in the global car manufacturing market. The success of the company is attributed to its core competencies and capabilities.   Toyota entered the vehicle manufacturing market with the few competencies and low capabilities that saw the company manufacture small volumes of cars annually. In 1947, the company could only manage to manufacture 100,000 cars only. The company was small in size and had limited resources and capacity to produce significant volumes for its market. This situation was compounded by the fact that the company was a new entrant in the car manufacturing market. However, the company made the first step towards growth by creating a team of visionary manager s that had competent skills in the manufacturing of cars and the management of the company in the new Japanese market. The operations of the company were directed by the exceptional skills of the founder. The founding team has been at center of the management of the company because of the management principles that they managed to establish when Toyota was making entry into the car manufacturing industry.   In terms of effectiveness, the company produces such large volumes but still maintain quality.  For instance, in the year 1962, the company was taking 15 minutes to change dies but the time was later reduced to only 3 seconds in its current production process.  

Saturday, October 5, 2019

Evaluate the reasons for the recent global financial crisis. ( Banking Essay

Evaluate the reasons for the recent global financial crisis. ( Banking and Finance Moudle) - Essay Example The recent global economic crisis has been labelled by economists as the worst economic crisis since the Great Depression and the domino effect of the crisis has culminated in the decline of consumer spending, demise of established businesses in key industry sectors and heightened government burden in developed countries (United Nations, 2009 p.1). Indeed, in the United Nations’ â€Å"Global Outlook: Economic Situation and Prospects 2009†, the United Nations comments that â€Å"it was never meant to happen again, but the world economy is now mired in a severe financial crisis since the Great Depression† (United Nations, 2009, p.1). Moreover, the global nature of the economic crisis has not only had a domino impact on national economies, infrastructure and the retail sector; it has also served as a barrier to quick recovery (Shiller, 2008). In evaluating the causal triggers and reasons for the recent economic crisis, this paper will evaluate the concept of financi al crisis with contextual reference to the current global economic crisis with contextual reference to various academic commentary and discourse pertaining to the reasons for the economic meltdown of 2008. ... Academic and media commentary on the crisis has highlighted the point that the immediate trigger was the collapse of the US housing market as a result of the sub prime market disaster upon which the international banking industry had been lending through following trends in the housing market (Ambachtshee et al 2008, p.149). Indeed, the United Nations analysis of the global outlook for 2009 asserted that â€Å"in little over a year, the mid-2007 sub-prime mortgage debacle in the United States of America has developed into a global financial crisis and started to move the global economy into a recession† (United Nations, 2009 p.1). Furthermore, in considering the interrelationship between the sub-prime crisis and the economic crisis, the contagion effects of sub-prime asset backed collateralized debt obligations are reinforced by results of the empirical investigation undertaken by Longstaff in â€Å"The Subprime Credit Crisis and Contagion in financial markets† (2010). Longstaff utilised data for ABX subprime indexes and found evidence of correlation between financial contagion and the subprime liquidity channels (Longstaff, 2010). However, whilst Longstaff acknowledges that the concomitant impact of the subprime crisis clearly had a direct correlation to contagion effects on other markets; Longstaff’s analysis of the data in his investigation suggests that: â€Å"The ABC Index returns forecast stock returns and Treasury and Corporate bond yield changes by as much as three weeks ahead during the subprime crisis† (Longstaff, 2010). To this end, the findings of Longstaff’s analysis undermine the presumption in pre-existing commentary which argued that the subprime assets were intrinsically flawed and unreliable (Longstaff, 2010). Moreover, Longstaff argues that

Friday, October 4, 2019

International Business To Business Marketing Essay

International Business To Business Marketing - Essay Example This may be summarised by the observation that the behaviour of a complex system cannot be understood completely by the segregated analysis of its constituent parts. However, Beverland (2002) suggested the use of this idea in regard to supply chains is neither consistent nor straightforward. New also argued that the supply chain metaphor is used in many ways, but three meanings dominate discussion: "supply chain" from the perspective of an individual firm; "supply chain" related to a particular product or item (such as the supply chain for beef, or cocaine, or oil); and "supply chain" used as a handy synonym for purchasing, distribution, and materials management (Larson, 1998). Supply chain management can mean any one of these things, but one aspect is certain: Purchasing and/or outsourcing activity is being undertaken (Barkema, 1997). Beverland (2002) suggested that supply chain management is an integrative philosophy used to manage the total flow through a distribution channel from the supplier to the ultimate user. Another definition is the management of a chain or of operations and centres through which supplies move from the source of supply to the final customer or point of use (Chng, 2000). In essence, the supply chain starts with the extraction of raw material (or origination of raw concepts for services), and each link in the chain processes the material or the concept in some way or supports this processing. The supply chain thus extends from the raw material extraction or raw concept origination through many processes to the ultimate sale of the final product, whether goods or services, to the consumer. Internet and Supply Chain Management Many organizations, often too late, are now realizing that they should have paid as much attention to their internal business processes, their orderfulfilment resources and systems, and the integration of those processes and systems with those of their suppliers of goods and order-fulfilment services, as they did to their customer-facing Web site. The need is for a seamless end-toend 'order to cash' process incorporating the Web site, the business' accounting systems and the delivery mechanism. The accounting needs should embrace, as a minimum, accounts payable, accounts receivable, inventory, purchase orders, invoicing and credit control. (Johnson, 2002) The delivery mechanisms in many organizations cannot cope, when Internet trading is added to the traditional market offering, with the requirement for a large number of small orders requiring, to all intents and purposes, instant shipping. They may have historically been shipping relatively large orders to a few intermediate supply chain points on a two to three day lead time basis. (Chopra, 2003)The