Principles of war essays

Principles of war essays The Liberation of Groningen - An Urban Battlefield April 1945 marked a significant date in history for the Canadian soldiers that were involved in a major urban battle during World War II, The Liberation of Groningen. This historic event was fought between an all Canadian Corps and a multi-element German force. The principles of war that were evident in this conflict was economy of effort and concentration of force. Both the Canadians and Germans used these principles to their advantage and disadvantage. Economy of effort was the principle of war that was misapplied by the Canadians during The Liberation of Groningen. Instructions were given to neither use airpower nor employ heavy artillery as they penetrated into the city. By substituting manpower for firepower the Canadians suffered 209 casualties, 43 were fatal.# Although heavy causalities were incurred for the Canadian corps, the commanders intent of leaving the city undamaged was achieved. There were very few civilian casualties and the citys infrastructures such as the railway station, hospital and natural gas plant remained intact. The Germans applied the principle of economy of effort effectively. They were very familiar with the city and had great knowledge of the surrounding terrain putting them in a strong defensive position. They employed males between 16 and 60 years to build a vast network of trenches, anti-tank ditches and weapons pits. Aerial photos revealed that these defensive works made Groningen a veritable fortress that would be heavily defended.# As a result of these defensive maneuvers by the Germans, the Canadian troops realized that they had to take a different approach to overtake the city. They would have to clear the streets going house by house. This type of urban warfare slowed the attackers progress and inflicted heavier casualties. The Germans applied the principle concentration of forc...

Hult International Business School Programs and Admissions

Hult International Business School Programs and Admissions Hult International Business School, established in 1964, is a private business school with locations around the world. It offers undergraduate and graduate programs, including one-year MBA programs. Hult is known for providing excellent preparation in areas of global business, such as international marketing, international banking, and international finance. Unlike most business schools, Hult International Business School is globally accredited by both the  Association of MBAs  (AMBA), and the  Association to Advance Collegiate Schools of Business  (AACSB).  These accreditations provide quality assurance and should be important to every student seeking a world-class global business education. In this article, were going to take a closer look at Hult International Business School. Youll learn about Hults campus locations, program offerings, and admissions requirements for the global MBA program. Campus Locations Hult International Business School has campus locations in Boston, San Francisco, New York, London, Dubai, and Shanghai. Students can study at one campus, switch campuses during the program, or choose to study in multiple locations by participating in the schools campus rotation program. Hults Boston Campus Hults Boston campus is located in Cambridge near many other prestigious universities, including Harvard University and the Massachusetts Institute of Technology. Programs and electives offered at the Boston campus include the: Bachelor of Business AdministrationMaster of International BusinessMaster of International MarketingMaster of FinanceMaster of International BankingGlobal One-Year MBA Hults San Francisco Campus Hults San Francisco campus is located right in the city near the financial district, large companies, and more than 13,000 business start-ups. Programs and electives offered at the San Francisco campus include the: Bachelor of Business AdministrationMaster of International BusinessMaster of Business StatisticsMaster of International Marketing electivesGlobal One-Year MBAGlobal Executive MBA electives Hults London Campus Hults London campus is located in Central London in Bloomsbury, which is considered the academic heart of the city. London has some of the largest overseas banks in the world and is considered the hub of international finance. Programs and electives offered at the London campus include the: Bachelor of Business AdministrationMaster of International BusinessMaster of International MarketingMaster of Finance electivesGlobal One-Year MBAGlobal Executive MBA Hults Dubai Campus Hults Dubai campus is located in an area known as Internet City. Nearby companies include Microsoft and LinkedIn. Dubai is also known for industries like banking and financial services, consulting, and IT. Programs and electives offered at the Dubai campus include the: Master of International Business  Master of International Marketing electivesGlobal One-Year MBAGlobal Executive MBA Hults Shanghai Campus Hults Shanghai campus is located in Chinas economic capital on Peoples Square. It is surrounded by Shanghais financial and commercial districts. Programs and electives offered at the Shanghai campus include the: Master of International Business electivesMaster of International Marketing electivesGlobal One-Year MBA electivesGlobal Executive MBA Hults New York Campus Hults New York campus is a rotation center, where students from Hults other campuses come to study. The campus is located at the Cooper Union in central Manhattan near New Yorks key business districts. Elective offerings at the New York campus include: Master of International Business electivesMaster of International Marketing electivesMaster of Finance electivesGlobal One-Year MBA electivesGlobal Executive MBA electives Bachelor of Business Administration Program Hult International Business School offers one undergraduate business program for recent high school graduates. The program results in a Bachelor of Business Administration. Students enrolled in this degree program can choose to major in marketing, management, finance, accounting, or entrepreneurship. Hult also offers three different tracks, which allow students to graduate with a degree in two years (Global Fast Track), three years (Global Standard Track), or four years (U.S. Standard Track). Master Degree Programs The master degree programs at Hult International Business School are designed for students who have three years of work experience or less. Each program takes one year to complete. Students who earn a Master of International Business degree also have the option of earning a dual degree in an additional six to nine months of full-time study. Dual degree options include the Master of Disruptive Innovation degree or the Master of International Banking degree. Global MBA Program Hults Global MBA Program is a one-year MBA program with an intensive curriculum designed to teach you key business skills from a global perspective. The program is immersive and allows the opportunity to study in three different cities in a one year period. Specialization options include marketing, finance, entrepreneurship, family business, business analytics, and project management. After learning business theory in the first part of the program, students get an opportunity to put theory into practice through simulations and real-world experiences.   Global Executive MBA Program Hults Global Executive MBA Program is a unique MBA program for working professionals. The program allows students to earn an MBA degree with just 14 trips to campus. If you enroll in this program, you will miss 21 days of work in all and earn a degree within 18 months. You can study in one city or in up to three locations in a single one year period. Location options include San Francisco, London, Dubai, New York, and Shanghai. This immersive EMBA program is taught from the same global perspective that Hult is known for and includes an opportunity to customize your learning experience with electives. If you complete all three electives in one area of study (marketing, finance, entrepreneurship, family business, business analytics, and project management), you earn an MBA with a specialization in that designated area.   Hult MBA Admissions Requirements Admissions requirements for Hult International Business School programs vary depending on the program. Students who are applying to one of Hults MBA programs, need a bachelors degree (or the equivalent), three years of work experience, and proficiency in English. The admissions committee prefers bilingual or multilingual applicants who have lived in more than one country. Being globally-minded will also score you points with admissions reps. To apply to Hults Global MBA program or Global Executive MBA program, you will need to submit the following: Application feeTranscripts from all of the colleges and universities you attendedA copy of your bachelors degreeA current resumeLetters of recommendationA response to an application questionGMAT, GRE, or the Hult Business Assessment Test scores

Dirty Water Bill Assignment Example | Topics and Well Written Essays - 250 words

Dirty Water Bill - Assignment Example This may lead to more damage downstream as these pollutants begin to accumulate. This policy as stated in the public outcry is literally similar to the notion of whatever happens in Vegas should stay in Vegas so this policy would fail quickly (Carter, National Wildlife Federation). H.R. 2018 bill was likely to threaten water quality in American rivers, streams, and lakes. The ability of federal and state governments would be limited in terms of ensuring that all American citizens can access clean water. The bill would limit the Environmental Protection Agency’s capability of revising an agreed water quality standard; this would happen only if the state agrees. It would prohibit the EPA from disallowing a water quality certification that is granted by a state. It would hinder the EPA from limiting federal financial aid for the state water quality program if a state does not comply with the water quality standards. Protected waters, aquatic waters would become degraded since the H.R. Bill 2018 renders EPA as somewhat meaningless. This includes weakening permit reviews that normally determine alternatives that do not harm the environment, do not go against laws, and do not degrade waters. H.R. Bill 2018 would lead to harm to the environment in the short ru n and long run. United States. Congress. House. Committee on Rules. Providing for Consideration of the Bill (H.R. 2018) to Amend the Federal Water Pollution Control Act to Preserve the Authority of Each State to Make Determinations Relating to the States Water Quality Standards, and for Other Purposes: (to Accompany H. Res. 347). Washington: U.S. Government Printing Office, 2011.

Human resource Research Paper Example | Topics and Well Written Essays - 500 words

Human resource - Research Paper Example I aspire to grow professionally in my career, and have a position in the top management in a renowned firm. In order to achieve that and do justice with my responsibilities as a manager, I need to take a detailed course of Human Resource Development. This would acquaint me with the necessary skills and competencies required to motivate the workforce to take active participation in the education and training programs in the workplace, and gain maximum benefit from them. The purpose of studying the course of Human Resource Development at the Indiana State University is that it inculcates the necessary knowledge in the students to pursue careers in academia or industry. The Human Resource Development program offered at the Indiana State University is designed in such a way so as to ensure that I develop skills and competences in the design, formulation, implementation, promotion, and analysis of the system of hiring the employees and their further grooming through continued education and training in the workplace. One of the most fundamental factors that provides the Indiana State University with an edge over other universities when it comes to studying the Human Resource Development is that as a student, one can complete one’s degree along with other responsibilities as tough as a full-time employment. I am among the students who have to earn to pay the fee. In the present age, it is hard to find a job. So leaving a job can be very risky. In order to advance my academic career along with job, it is important that I maintain my current job, and taking the Master Program in Human Resource Development at the Indiana State University helps me achieve that. The Indiana State University provides the students with an opportunity to do an occupational internship where they can gain practical work experience. This appeals to me a lot as I can avail this opportunity without having to leave my

Volatile Environments: Meaning To The Organization

Volatile Environments: Meaning To The Organization The organization exists in order to achieve a goal. To reach this purpose, it has to evolve in an environment with which it interacts. This environment implies all external elements that have the potential to affect the organization. Some elements have direct impact on the organization while others do not. Today the environment is changing so fast that it becomes increasingly volatile. In fact, it creates uncertainty. Thus, some opinions state that this changing environment represents great threats for the organization. However, other opinions see the volatile environment as an opportunity for the organization to innovate. Based on these considerations, this paper analyzes the different sectors of the external environment, highlights the way they influence the processes of the organization and demonstrates how they make up threats or opportunities for the organization. Part 1. The environment The external environment of the organization is made up of several sectors. Scholars state that: for each organization, ten sectors can be analyzed. These sectors can be all the outside institutions or forces that have impact to organizations ability to reach its goal. Organization has to interact with the market sector, the industry, the government and the financial institutions. It also has to cope with the economic conditions. Organizations need to get human resources, and adequate technology. All of these components imply the external environment. This external environment is not static. The elements with which organization works are quite dynamic. They change all the time. Most of the time, it is very hard for organization to even predict the change rates. Now, what are the characteristics of these elements? How volatile are they today? The Market Nowadays, customers are becoming increasingly advised. From day to day, they are arming with extensive information and they are being more resistant to stimuli. The clients want goods and services customized to their needs and their interest for a particular product can be abruptly shifted. Moreover in the context of the globalization, markets and technologies are more and more interconnected. Then, it is not easy to handle all the variables that motivate the choice of the customers. The industry It describes a particular business activity (for example, the software industry). This sector has a life cycle. This cycle shows an image of the changes observed in the industry over time. The life cycle is not static. It has several stages: birth stage, growth stage, shakeout stage, maturity stage and decline stage. Birth Growth Shakeout Maturity Decline (Exhibit 1) During the first stage, organizations seek to develop new services or goods. Then the services or the good gain customer acceptance and begin to grow rapidly. It is the second stage. The third stage is the most fragile. When the growth becomes visible, many organizations will enter the industry. Thus, the environment can be more agitated. During the fourth stages, the sector becomes more stable. Finally, during the last stage, the activities are quite slow. Most of the time, the life cycle changes very fast. When competitors, through advertising and new services or products, react with aggressiveness; instability occurs. The government In the government sector, several aspects can be analyzed. The political aspect makes up an important force. In many countries, changes in political arena may cause high uncertainty in the environment. In reality, these changes are not the main problems; in themselves. The issue is the way in which they occur and the outcomes they produce. In most countries, there are changes in political arena but the environment still stays more or less stable. The other aspects in the government sector are taxes, laws and regulations. In many government designs, they are all intertwined. Change is inherent to the government sector. The issue is when it occurs abruptly. For example, when a rupture suddenly happens in the political arena, it may create chaining effects on the whole environment and make it very unstable. The Financial and Economic conditions Every single manager knows that the world economy is intertwined. An economic crisis of a country may affect the economy of other countries. A recent example may be the recession in the United States. Many countries in the world have been hit by the effects of this crisis. Another example is the European crisis. A financial disequilibrium in few European countries cause great turbulences in the zone. Then it is clear that the influence of the intertwined economy cannot be neglected. During this decade, the world has known several financial and economic crises. The stakeholders have made a lot of efforts to boost the global economy. But, much remain to be done. According to the Global Financial Stability Report (IMF October 2010), despite the ongoing economic recovery, the global financial system remains in a period of significant uncertainty. The banking system still faces up complex situations. In mature credit markets worldwide, the total losses are very important. To keep themselves alive, the banks have to get additional capital. Thus, the environment is still risky. Many other variables such: Stock market, unemployment rate and inflation have to be taken in considerations. These variables broadly depend on the financial and economic conditions. The human resources In the global economy, highly qualified human resources make up a potential source of comparative advantage. They play a great role in the economy. The human resources represent valuable assets in the business environment. Today, scholars even talk about human capital. The idea is not to consider the human being as a machine which only provides services to organization. The approach is to have a better understanding on how the human skills can be an important booster for the economy of the 21st century. This sector broadly depends on universities outcomes. Nowadays, the world is changing so rapidly that the universities should do more efforts to produce high developed human resources. That is to say, these competencies have to fit to the reality of the changing world. Most of the times, the shifts are very fast. In this case, the universities usually take more times to respond. It does not mean that they are ineffective. The problem is that the universities, themselves, have to cope with many complex variables. There are a lot of challenges in the human resources sector. While these resources become scare, the law of demand, in the labor market, will be applicable. The technology The technology is becoming essential for the well-being of the global economy. The technology affects the way information is treated, the way enterprises produce and the way people communicate. Since the world has become a small village, the information technology makes up a mainstay in business sector. The evolution of the internet makes the exchanges easier among people. Nowadays, it is possible to buy anything from anywhere. People do not need to travel for some meetings anymore. Web-conference allows us to communicate with high definition video and high quality sound. Finally, every single person knows that the technology plays a great role in the world. However, the evolution of the technology is so fast that it is becoming difficult to handle it. The changes are often done abruptly. Mostly, we do not even have time to react. The technology we use today will be rapidly obsolete tomorrow. Moreover, the technology creates a virtual world that sometimes contains a lot of security issues. We can conclude that technology is useful but this sector makes up a high speed rail which often stuns managers. Nowadays, there is evidence that the external environment is not stable at all. The markets become more agitated; the industrys stages run faster; taxes, laws and regulations cannot be handled by the organization, the financial and economic conditions make up uncertainty, the human resources are scarce; and the technology is advancing at an incredible pace. These considerations are far from being alarmist analyses. They only describe the atmosphere in with todays organizations evolve. Now, how does such volatile environment influence the process of the organization? Part 2. The influence of volatile environment on the Organization (threats) Considering that the organization is not an isolated entity, it is important to understand how it interacts with the environment into which it evolves. To have a better understanding of this interaction or the way the external elements influence the process of the organization, it is essential to know about the field of activity and the model of management adopted by the organization. Generally, organization may adopt traditional management or modern management. Nowadays, people even talk about post-modern management. In the traditional management theory, the organization elaborates proprietary knowledge. It uses this knowledge to extract advantages. Since this information is essential for its growth, the organization protects this knowledge and tries to make sure that it is not accessible by any other entities. To communicate with the external environment organization has to use official channels. In a few words, we can say that the organization puts more emphasis on its internal activities. Despite this strategy, it is clear that the influence of the volatile environment still affects the processes of the organization. Let us analyze more deeply some of the external elements (threats); considering the traditional model of management. As we have mentioned it above, the customers gain more power than ever in the market. This compels the organization to share information and to response in a short time. But the way which the traditional management shapes the organization does not allow this latter to be as flexible as possible. Then, it becomes harder for the organization to catch the expectations of the customers. When we pay more attention to internal activities than to the customers, they go elsewhere. In an industry where the competition is aggressive, it is very painful for a traditional management to hold on. This model shapes the organization as an autonomous entity. The traditional management does not allow information and resources sharing. Thus, it becomes very difficult for an organization which adopts this model to compete in a context of globalization. Today, a new approach of competition is born. To be competitive in an environment where the resources are scarce, the organization has to develop relationships with other organizations. That is to say, the organization has to have a dynamic and an opened structure to survive. No organization can evolve in quarantine. Thus, we can conclude that an agitated industry may deadly affect the organization. The progress of the technology makes up one of the threatening elements that affect the process of a traditional management. Nowadays, to survive in a global environment, organizations have to open themselves to the technology. Because, Markets, technologies, and organizations are becoming increasingly interconnected, (Richard L. Daft, Understanding the Theory and Design of Organizations). Moreover the digital workplace created by the advanced technology is a big challenge for the traditional model. Now we understand how the volatile environment can challenge the traditional management, it is important to see the degree of influence of these perturbations on an organization which adopts the modern approach of management. Today, many organizations adopt a new model of management. Organizations have a new approach for identifying, collecting and storing intellectual capital; in some words, a new way of working in order to achieve its goal. COMING SOON !!! Elaboration of How does the volatile environment influence the processes of the organization (the new approach of management)? How does the volatile environment make up opportunities for the organization?

Erikson’s Theories Personal Portrait Essay

Erik Erikson’s and Lawrence Kohlberg developed several different theories that demonstrated each phase of our lives. Their theories demonstrated how each stage developed and how the stages help to make us who we are today. We develop, learn, and revolutionize through developmental and moral developments. This paper will illustrate how each developmental and moral development represents each stage of life. Erik Erikson’s stages of developmental theory consist of eight stages of development versus Lawrence Kohlberg’s six stages of moral developmental theory. Both of these theorists beliefs were different when it came to the breakdown of each stage. Erikson’s infant stage which consisted of trust vs. mistrust which is â€Å"the need for maximum comfort with minimal uncertainty to trust himself/herself, others, and the environment( Patient Teaching, 1990).† This is a stage that I cannot relate to because I do not have any memories from infancy. Kohlberg’s first stage is â€Å"obedience and punishment† which relates that a â€Å"child assumes that powerful authorities hand down a fixed set of rules which he or she must unquestioningly obey (Kohlberg, 1958b). For example, your principle in your elementary school down to your teacher is an authority figure. I relate to Kohlberg’s stage because I can remember growing up and knew that my parents, teachers, and principles were my authority figures. I knew that I must obey them and if I did not that it would result in severe punishments and sometimes multiple punishments from each individual. Being a female, a felt that I feared authority figures more than my brothers or other boys in my class. Second stage of Erickson’s was the â€Å"toddler† stage â€Å"autonomy vs shame and doubt-works to master physical environment while maintaining self esteem â€Å"The second stage occurs between 18 months and 3 years. At this point, the child has an opportunity to build self-esteem and autonomy as he or she learns new skills and right from wrong. The well-cared for child is sure of himself, carrying him or herself with pride rather than shame. During this time of the â€Å"terrible twos†, defiance, temper tantrums, and stubbornness can also appear. Children tend to be vulnerable during this stage, sometimes feeling shame and low self-esteem during an inability to learn certain skills (Erikson, 1968).† Kolberg’s second stage â€Å"Individualism and Exchange† â€Å"At this stage children recognize that there is not just one right view that is handed down by the authorities. Different individuals have different viewpoints (Kohlberg, 1963, p. 24).† Both Erikson’s and Kohlberg’s theory can be a demonstrated at an early childhood stage. One learned that they were an individual and that one had to respect authority figures. I can remember a time that I was in preschool and I was asked why I took another child’s crayon. I remember stating to the teacher that I wanted my crayons to remain new. I was already developing a sense of being selfish and using others. That was not the route to take which was expressed to me by both my teacher and my parents. The third stage is â€Å"Initiative vs. Guilt† which demonstrates â€Å"purpose† â€Å"During this period we experience a desire to copy the adults around us and take initiative in creating play situations. We make up stories with Barbie’s and Ken’s, toy phones and miniature cars, playing out roles in a trial universe, experimenting with the blueprint for what we believe it means to be an adult. We also begin to use that wonderful word for exploring the world—†WHY?†(Erikson, 1968)† Whereas Kolhberg’s stage result in â€Å"good interpersonal relationships† At this stage children–who are by now usually entering their teens–see morality as more than simple deals. They believe that people should live up to the expectations of the family and community and behave in â€Å"good† ways. Good behavior means having good motives and interpersonal feelings such as love, empathy, trust, and concern for others. Heinz, they typically argue, was right to steal the drug because â€Å"He was a good man for wanting to save her,† and â€Å"His intentions were good, that of saving the life of someone he loves.† Even if Heinz doesn’t love his wife, these subjects often say, he should steal the drug because â€Å"I don’t think any husband should sit back and watch his wife die† (Gibbs et al., 1983, pp. 36-42; Kohlberg, 1958b). These two stages are somewhat different in comparison. Erikson’s theory is basically demonstrates how a child mimics what he or she see by using inanimate objects. I believed every little girl played house with Barbie and little boys played cowboys and Indians. I loved to play in my doll house at the age of 4 and older. I also was starting to demonstrate what was right or wrong. Erikson’s fourth stage â€Å"School-Age Child (Competence) – Industry vs. Inferiority† â€Å"the Latency, we are capable of learning, creating and accomplishing numerous new skills and knowledge, thus developing a sense of industry (Erikson, 1968).† Kohlberg fourth stage is â€Å"Maintaining the Social Order reasoning works best in two-per son relationships with family members or close friends, where one can make a real effort to get to know the other’s feelings and needs and try to help (Crain, 1985, p 124).† These two stages exemplify several social skills. There are alike in detail. The age range from 6 to 12 is a very adequate age. I can recall being in the 4th and 5th grade and starting to have friends. I was a cheerleader and was learning that you have to be social in order to develop friendships. I was also taught by parents that little boys teased and picked on me because they liked you. I did not understand this but as I got older I slowly started to understand the concept of relationships. Next, the fifth stage of Erikson is â€Å"Identity vs. Role Confusion – Fidelity† â€Å". At this point, development now depends primarily upon what a person does. An adolescent must struggle to discover and find his or her own identity, while negotiating and struggling with social interactions and â€Å"fitting in†, and developing a sense of morality and right from wrong (Erikson, 1968)† Thus, Kohlberg’s fifth stage is â€Å"social contract and individual rights respondents basically believe that a good society is best conceived as a social contract into which people freely enter to work toward the benefit of all. They recognize that different social groups within a society will have different values, but they believe that all rational people would agree on two points. First they would all want certain basic rights, such as liberty and life, to be protected (Crain, 1985, p.125).† I feel that both of these stages are very similar. We want society to help us while giving back to society. It shows a sense of being part of something big. For example, I like the fact that I am able to vote. I believe that voting is a huge part of being part of society. It is important to know and feel that importance. The sixth stage of Erikson is â€Å"Intimacy and Solidarity vs. Isolation – Love† â€Å"the age is from 18-35, at the young adult stage, people tend to seek companions hip and love. Some also begin to â€Å"settle down† and start families, although seems to have been pushed back farther in recent years (Erikson, 1968).† Final stage of Kolhberg is â€Å"universal principles which believes that there must be a higher stage–stage 6–which defines the principles by which we achieve justice (Crain, 1985, p132).† These two stages are very different. Erikson is speaking about finding love which is considered your soul mate. Ages 18 through 35 is the common age that people start settling down and having children. I was 21 when I gave birth to my daughter. I tried to stay with her father which was 7 years older than me. He had not matured and did not want to step up to his responsibilities, even though he was much older than me. Kohlberg felt that stage 6 which resulted in the final decision of respecting each other’s beliefs. I find myself using an open mind and not judging anyone for their differences. I can relate to both of these stages. Erikson’s last two stages are â€Å"Middle-aged Adult: age ranges from 35 to 55 or 65 and the stage is Generativity vs. Self absorption or Stagnation which is defined as Care â€Å"Career and work are the most important things at this stage, along with family. Middle adulthood is also the time when people can take on greater responsibilities and control (Erikson, 1968).† Next, â€Å"Late Adult: age ranges from 55 or 65 to Death and the stage Integrity vs. Despair defined as wisdom As older adults, some can look back with a feeling of integrity — that is, contentment and fulfillment, having led a meaningful life and valuable contribution to society. Others may have a sense of despair during this stage, reflecting upon their experiences and failures( Erikson, 1968).† I am not at either stage of my life. I am very close to middle age. I actually consider myself to be a middle aged adult now. I am focused on furthering my career and supporting my family. I feel that this stage should be very important to both males and females. I have learned from working in the criminal justice field that this stage is not very important to males in society. There are more men in prison and jail than there are females. These men do not put the proper priorities in order to stay stable and have legitimate career. I am destine to reach far beyond 65 and live my life prosperous. In Closing, these two theorists had the same theories in mind. They described each stage of development differently. There concepts both compared and contrast with each other’s stages. I related to both theorists. I consider my life as a mirror of both Erikson’s and Kohlberg’s stages. Their phases exemplify positive and refined steps of everyone’s life. References Crain, W.C. (1985). Theories of Development. Prentice-Hall. pp. 118-136. Erikson, E. H. (1968). Identity: Youth and crisis. New York: Norton.

The Global Financial Crisis - 1580 Words

In the following essay, I will briefly summarize some of the main events leading up to the global financial crisis. Following this, I will discuss the effect this had on the banks and ergo the credit supply, then examine how this contributed to the corporate failure. I will also pay some attention to how the market imperfection can affect firms real decisions. Finally, I will sum up the main points of the essay. The banking panic of the fall of 2008 set economies around the world into a severe recession. The spark of the panic was seen in mid-2007 the credit boom, followed by the demise of subprime mortgages and securitized products. This, in turn, raises worries about the solvency and liquidity of financial institutions, evolving into a full-blown banking panic. Resulting in the failure of the Lehman Brothers and Washington Mutual, and multiple governments run financial institutions. (Ivashina Scharfstein, 2009). As a result during 2008 the prices of most asset classes and commodi ties declined, although the cost of corporate and bank borrowing rose significantly. In both the USA and the UK interest rates peaked at over 5% (See Appendix A). Consequently, Syndicated lending started to fall mid-2007, then accelerated during the banking panic September 2008. The lending in the fourth quarter of 2008 2008: Q4 was 47% lower than the previous and 79% lower than in 2007: Q2 (ibib). A decline in the demand could explain the overall drop in lending, it might also explainShow MoreRelatedThe Global Financial Crisis And The Crisis Essay1244 Words   |  5 PagesIntroduction The Global Financial Crisis, also known as The Great Recession, broke out in the United States of America in the middle of 2007 and continued on until 2008. There were many factors that contributed to the cause of The Global Financial Crisis and many effects that emerged, because the impact it had on the financial system. The Global Financial Crisis started because of house market crash in 2007. There were many factors that contributed to the housing market crash in 2007. These factorsRead MoreFinancial Crisis : A Global Crisis Essay1729 Words   |  7 PagesOverview: The 2008 financial crisis is notably one of the worst financial disasters in American history. It began with a large financial bubble, in which many investment, real estate, and insurance companies made millions. When the bubble burst, stock markets fell, these companies collapsed, and economies of supposedly strong nations were brought to their knees. Not only did the financial crisis severely affect the economy of the United States, but the international markets as well. At the timeRead MoreGlobal Financial Crisis : Crisis1213 Words   |  5 PagesGlobal Financial Crisis In July of 2007, the global financial crisis was initiated from the property market in the United States. 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This causes less activity in housing market and sales market, hence moreRead MoreGlobal Financial Crisis1408 Words   |  6 Pagesis explained the occurrence of the global financial crisis in 2008. It has shown that lots of companies have bankrupted and millions of people lose their jobs and homes around the world. Such as United States, Iceland, England, France, Singapore and China. There is a sentence in this film has make me impressed, which is â€Å" the poorest always pay the most.† The director has separated this film into five parts, which are How we get there, The Bubbles, The Crisis, Accountability and Where we are nowRead MoreThe Global Financial Crisis711 Words   |  3 PagesThere is no smoke without fire. The global financial crisis caused from hundreds of thousands of decisions and changes from different areas. The America government, Wall Street and the Rating Agencies put on this world-shaking show together. And to be more specific, the top officials in politics and finance pull strings behind the senses. Applying Mintzberg’s ten management roles model as a frame, the America government, Wall Street and the Rating Agencies are correspondingly divided into three categoriesRead MoreThe Global Financial Crisis1474 Words   |  6 PagesThe global financial crisis has raised many concerns for the need to restructure the approach of risk and regulation in the financial sector (KPMG 2011). Figure. 4 has shown the structures of Basel III. It aims to increase the capital and liquidity of banks and therefore maintaining the stability in banking sector with full effect in 2019 (Banks For International Settlements 2011). EUROPE - Preparedness On 26 June of 2013, Capital requirement regulation (CRR) and directive(CRD) has been adoptedRead MoreGlobal Financial Crisis 1067 Words   |  5 PagesThe best evidence so far for the existence of an American empire, despite denials to the contrary, is the Global Financial Crisis (GFC). The persistent removal of restrictions and oversights on the domestic financial system of the US, combined with the decisions of individual firms, other governments and foreign financial organisations, culminated in the singe largest depreciation of assets and currency valuations in history, surpassing even the Great Depression in its extents. The United StatesRead MoreThe Global Financial Crisis2317 Words   |  10 PagesDuring the run-up to the Global Financial Crisis (GFC) 2008 there were numerous contributing factors. One can observe the start of the crisis as a cascading timeline starting possibly decades earlier with the change to a deregulatory culture. The prevailing political environment in the lead up to the financial crisis was one of de-regulation with a focus to economic expansion. This political imperative towards deregulation started under President Reagan in the US and culminated at the turn of theRead MoreThe Global Financial Crisis3204 Words   |  13 PagesThe Global Financial crisis, which is believed to have begun during July 2007 due to a credit crunch was caused because there was a large liquidity crisis due to lack of confidence amongst the US investors in judging the value of the subprime mortgages. (Davies, 2014) Now let’s look at what happened at the 2008 global financial crisis. I am not getting into the details but just giving a simple overall picture of what went wrong. The years just before the crisis saw a flood of irresponsible mortgage