Annotated Bibliography Essay Example | Topics and Well Written Essays - 1500 words - 10

Annotated Bibliography - Essay Example The information used in the construction of the argument are mainly from western nations. The interactions between the other nations and the western world are not well represented leading to a major flaw. The text looks at the social aspect of the history of the western civilizations. This book has a wide coverage since it looks at the diverse cultures that are existent in the western world. However, it has a major focus being the influence of the European nations especially the Great Britain on the development of the social orientations of the people. This book is sufficient in that it has an integrated approach to the western history. It covers the issue of gender and cultural diversity with a particularly keen intent covering all the periods that marked major changes. The writing approach used in the book is both compelling and fascinations. The details about the daily life are reduced into writing and expounded on leading to the development of a deeper understanding of the events that informed the current pleasures. The books makes enables the student to better identify with the past. The text mentioned above looks into the social history of the western civilizations using the political and cultural lenses. This is a second volume in a series by the same authors that captivates the students’ interest in the history of the major civilizations. This book focuses on the rise of England as a major world force and the aspects that could have contributed to the rise of the greatest empire ever. It also looks at the creation of the United States from the baby steps moment to its rise as the greatest nation. The politics of the rise and fall of great kingdoms is not the only issue that pervades the text. On the contrary, the book has more content on the cultural diversity. The scope of the book content is a major flaw for the book since there is a

Physiology of Aging Essay Example for Free

Physiology of Aging Essay Aging is a process that all humans must go through, and as life expectancy increases it becomes more important to understand the intimate details to normal aging process. Maintaining health is very important to this process, the older a person becomes the more medical services is needed. Since aging is a process that begins when you are conceived and continues for as long as we live out life span, our body reflects genetic components and environmental experience. So in a genetic way our bodies has the capacity to adapt and repair as well as collect damages from disease process. In this society, we now think of 65 to 74 years old as â€Å"young old†, 75 to 84 as â€Å"middle old† and 84 plus, as â€Å" old old†. With the our age advancing all of our body’s systems eventually reduce to a slow rate while everyone’s aging experience is different, there are some generalizations that can be seen in each of the body’s systems. Skin, the primary function of the skin is to protect the organism from the environment. But as we age our skin looses it is thickness by about 20 percent. The skin becomes thin and fragile and can no longer retain internal heat. For the Musculoskeletal, muscle mass is a primary source of metabolic heat. When muscles contract, heat will generate. The heat that the muscle puts out maintains body temperature, to require normal body function. Around the third decade of person’s life span, the muscle tissue reduces in size, elasticity and strength. As a result the body gets older and muscular activity becomes less takes more to complete a task. As for the respiratory function the lungs lose elastic recoil in the lung tissues. These changes can reduce the efficiency of gas exchange and lake hard to exercise. The cardiovascular function usually shows a slowdown in the autonomic nervous system, but is usually good enough to allow moderate physical activity, throughout their lives. As for the metabolism and Endocrine with old age comes the reduction in hormone production. This reduction affects the metabolism, water, electrolyte, carbohydrate, protein, lipid and vitamins disorder is common with the aging process. Like other systems, the nervous system also changes with age. There is loss of neurons and in the spinal cord and hearing, slight, and touch is reduces depression can easily be the result of this. All and all-elderly people are at a disadvantage when it comes to generating metabolic heat. They have less muscle structure. And their skin provides less protection from heat loss. They have impaired neurotransmissions that then make them less active. This is life and its aging process, which need to keep healthy and take it â€Å"one day at a time†.

Drivers and theories of corporate social responsibility

Drivers and theories of corporate social responsibility This part of the study emphasises on the research literature review related to the study. The structure of the literature review is broken down into three sub-sections. The former relates to the various aspects of CSR. The last two sub-sections discuss the different theoretical and empirical studies associated with CSP and CFP. 2.1 Corporate Social Responsibility (CSR) Corporate Social Responsibility (CSR), also known as corporate citizenship, responsible business, or sustainable responsible business is all but a form of corporate self-regulation integrated into a business model where companies manage the business processes to produce an overall positive impact on society. Arguably, business and society are interwoven: society has certain expectations regarding business and therefore the firm has responsibilities towards society. Hence, being a steward of the needs of society is deemed to be a socially responsible, appropriate, and natural act. The first book acknowledging CSR is the Social Responsibilities of the Businessman (Howard R. Bowen) in the mid 1950s. But, the term CSR came in widespread use in the early 1970s. In fact, it owes its origin due to the globalisation which took place after many multinational corporations were formed, thus, bringing in force the corporate governance mechanisms to ascertain fairness and transparency as well as social responsibility in the corporate world. CSR is defined in various ways in different countries, of about being the capacity building for sustainable livelihoods from Ghana to about giving back to society from Philippines; and of being conventionally presented in a philanthropic model from the United States to being focused on operating the core business in a socially responsible way, complemented by investment in communities for solid business case reasons and voluntary interaction with the stakeholders from the European model. As such, according to Caroll (2003), The social responsibility of business encompasses the economic, legal, ethical and discretionary (philanthropic) expectations that society has of organisations at a given point in time. Hence, ideally and broadly, the concept of CSR is a built-in, self-regulating mechanism whereby business would monitor and ensure its support to law, ethical standards, and international norms. 2.1.1 CSR and CSP In todays competitive market environment, businesses are confronted with a new set of non economics-related challenges. To survive and prosper, firms must bridge economic and social systems. Maximising shareholder wealth is a necessary but is no longer a sufficient condition for financial prosperity. Despite the concept of CSR addresses such issue, a specific connotation of CSR and a new performance measure called the corporate social performance (abbreviated as CSP) needs to be unified to capture the performance of a business in the social realm, and also to be more precise in thinking about CSR. CSP defined as a business organizations configuration of principles of social responsibility, processes of social responsiveness, and policies, programs, and observable outcomes as they relate to the firms societal relationships (Wood, 1991), clearly shows that social performance is not limited to corporations only, but also applies to any firm and organisation. This comprehensive definition assumes that CSP is broader than CSR, which consists of three norms at different levels of analysis: institutional, organisational, and individual. Additionally, it includes organisational processes of environmental assessment, stakeholder management, and issues management, and also various measures of its external manifestations and societal effects, such as social impacts. Hence the CSP model expresses and articulates three stages, from less to more engage towards stakeholders: social obligation, social responsibility and social responsiveness (S.P. Sethi, 1975). 2.1.2 Views on CSR According to Hancock (2005), CSR can be viewed through 3 ways namely: Sceptic view According to this view, the notion of CSR is opposed to democracy and freedom, frustrating business focus on its purpose of wealth creation. Milton Friedman best defines this approach: Few trends would so thoroughly undermine the very foundations of free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as they possibly can. Utopian view A utopian view of CSR reflects the idea that companies have a prior duty to anyone touched by their activity, their stakeholders rather than their shareholders, and especially the vulnerable that may be exploited by the companys operation. This is based on the work of Evan and Freeman who are for the stakeholder theory where a corporation must recognise and respect the vital interests of each of its surrounding stakeholders. Realist view This view gathers the greatest following of an alliance model advocated by Patricia Werhane. It states that CSR is not simply about whatever funds and expertise companies choose to invest in communities to help resolve social problems. But, it is also about the integrity with which a company governs itself, fulfils its mission, lives by its values, engages with its stakeholders, measures its impacts and reports on its activities. 2.1.3 Key Drivers of CSR CSR is seen by Porter and Van Der Linde (2000, p. 131) as a competitive driver that requires appropriate resources. CSR programmes, however, on their own, have certain main drivers which are as follow: Bottom Line Effect This is the most relevant driver of CSR programmes as it incorporates a socially responsible element into corporate practice. As John Elkington (1997) rightly underlined that many companies exhibit corporate citizenship through charity or philanthropy. Nevertheless, a new perspective evolved over time for some corporate stakeholders. Success of a corporation is now weighted and defined by evaluating businesses using a Triple Bottom Line comprised of its social, environmental and financial performance. Managing Risk An endeavour to adopt CSR programme has been the gain in market share, key personnel and investment which pioneering companies enjoy when they seriously address labour and green issues. In fact, corporations implement such a programme to manage risks and ensure legal compliance as denoted by Levine Michael A. (2008). They try to avoid investigation, litigation, prosecution, regulation or legislation. Influence of the Corporate Disasters There has been an increased perception of greed amidst senior business officials in the corporate world following corporate scandals affecting Enron, WorldCom and the like. CSR is important in counteracting allegations of corporate greed. As a result, as described by Hancock (2005) in his book, corporations are now shifting away from the philanthropic approach towards CSR and are moving towards the greater alignment of CSR with business strategy and corporate governance. Lower Equity Risk Premium Reputation Management Corporations can face economic damage when their corporate reputations and brands are assailed or sales are affected by consumer boycotts. As argued by some rating agencies, a comprehensive CSR programme will lower a companys equity risk premium. A direct correlation between reputation and financial outcome measures share price and credit rating (Hancock, 2005) has been illustrated through a model designed by the global public relations company Bell Pottinger. In fact, companies may face a variety of legal and reputational risks if they do not have adequate social compliance or corporate social responsibility/sustainability programs in place. Customer Loyalty In todays markets, companies have to focus on building and maintaining customer loyalty. As proposed by Zhou Y. (2009), this can be done through a CSR programme which builds loyalty with customers by offering a competitive advantage in a marketplace where consumers find ethically delivered or produced goods and services. Stakeholder Activism Investment Incentives As perceived by Visser, W. (2008), CSR is encouraged through the activism of stakeholder or pressure groups which often address the alleged failure of the market and government policy. The trend of socially responsible investment gives CSR an incentive where funds are screened on ethical, social and environmental criteria. Thus, this proactively encourages businesses to inform shareholders of potential risks and issues and it helps them to better understand their stakeholders, including shareholders. According to Hill Knowltown (2006), surveys have indicated that analysts place as much importance on corporate reputation as they do on financial performance. 2.1.4 Theories for CSR There are several theories that emerged to explain the reasons behind environmental reporting over the time. These are as follow: Operational Efficiency Theory Operational Efficiency occurs when the right combination of people, process, and technology to boost the productivity and value of any business operation, while reducing cost of routine operations to a desired level. In the context of CSR, operational efficiencies can be achieved through managing impending risks and liabilities more effectively and efficiently through CSR tools and perspectives by reducing costs; streaming information to stakeholders concerning the investment community for better transparency and by using corporate responsibility and sustainability approaches within business decision-making to result in new market opportunities, newly developed manufacturing processes that can be expanded to other plants, regions or markets as advocated by S. B. Banerjee (2007). Social Contract Theory The current practice of CSR by corporations was explained by O. O. Amao (2007) under the social contract theory. This theory dates from the classic period of history but took its modern form in the 16th and 18th centuries with best known philosophers like Thomas Hobbes, John Locke and Jean Jacques Rousseau who talk on social contract. Rousseau, in fact, conceptualised the individual-society relationship as a symbiotic situation whereby the two parties mutually confer some right to the state in order to maintain social order which makes human life and cohabitation better and to gain benefits of community and safety. In parallel to the social contract, the corporate social theory, pertaining to a firms indirect social obligations, is advanced where businesses are bound by the social contract to perform various socially desired actions in return for approval of their objectives and other rewards. Legitimacy Theory Similar to the social contract theory, the legacy theory was adopted by comporations to ensure that operations are within the limits and norms of their respective societies and the outside parties perceive their activities as being legitimate. Society grants legitimacy and power to business. In the long run, those who do not use power in a manner which society considers responsible will tend to lose it. This principle developed by Daviss (1973) is commonly known as the Iron Law of Responsibility. It expresses legitimacy as a societal-level concept and describes the responsibility of business as a social institution that must avoid abusing its power. Thus, this principle expresses a prohibition rather than an affirmative duty, and it applies equally to all companies, regardless of their particular circumstances. According to A.K.H. Khor, the legitimacy theory is fundamentally a system-oriented theory where organisations are viewed as components of the larger social environment within which they exist. Stakeholder Theory A key feature of CSR involves the way that a company engages, involves, and collaborates with its stakeholders including shareholders, employees, debt-holders, suppliers, customers, communities, non-governmental organisations, and governments. M. C. Branco and L. L. Rodrigues (2007) argued that companies need to use stakeholder engagement to internalise societys needs, hopes, circumstances into their corporate views and decision-making. While there are many questions about how far a companys responsibilities extend into communities relative to the roles of governments and individual citizens, there is a strong argument that CSR can effectively improve a companys relations with communities and thereby produce some key features that will improve business prospects for its future. Agency Theory This theory comes to explain the relationship that exists between the owners/shareholders and the management. As such the latter is the agent which appointed by the principal (owner/subsidiary) and problems such as the potential moral hazard and conflict of interest are likely to occur. CSR comes as a middle way so that both parties can maximise their gains. As such, when CFP is strong, managers may reduce social expenditures in order to maximise their own short term private gains whereas when CFP weakens, managers will try to offset their disappointing results by engaging in conspicuous social programs, hence increasing their own wealth and that of shareholders as well, pursuant to the managerial opportunism hypothesis by Preston OBannon (1997). 2.2 Theoretical Review 2.2.1 Corporate Financial Performance (CFP) Most of the businesses operate with a view of yielding profits. The financial performance of a company is reflected through its policies and operations in monetary terms. These results are reflected through its return on investment, return on assets, value added, return on sale and growth in sales. Managers work in the best interest of shareholders to maximise profits. Financial performance is the most common, however, it cannot be considered as the only indicator used to measure a firms wealth. A broader definition of financial performance is accompanied by additional indicators such as short-term profits, long-term profits, market value, and other forms of competitive advantage, as noted by Jensen (2001). 2.2.2 Corporate Social Performance and CFP Many previous studies have indicated an unclear relationship between CSR and financial performance. Thus, literature has pointed out towards an innovation in bringing the concept of CSP to better explore its impact upon corporate financial performance (CFP). In todays world, for a firm to achieve a good and high level of CFP, it has to go beyond the limits of its own corporate strategies and adopt views of other stakeholders who may be directly or indirectly related to the company. Since over the three decades, the study of the correlation between CSP and CFP has gained much salience. Many studies conducted in this effect have yielded positive correlation, while others produced contradictory results with negative or non-significant different causal directions being found. In effect, there are several competing theoretical models which are proposed to explain three varying findings on the CSP-CFP link. Owing to these differing relationships, I.Y. Maroam (2006) proposes a unified theory of the CSP-CFP link that explain the different relationships that may be observed between CSR and CFP, thus basing itself on the parallels between the business and CSR domains. The concept of CSR instils in corporations the moral responsibility towards society that go beyond the goal of simply making profits for their owners and shareholders (Berman et al., 1999). As Freeman (1984) rightly pointed out that corporations should be socially responsible for both moral and practical (instrumental) reasons, by reflecting a socially responsible posture, a corporation can enhance its own performance. Thus, CSR activities can, inter-alia, be rewarded with more satisfied customers, better employee, improved reputation, and improved access to financial markets, all pertaining to improving financial performance and sustaining the business. However, social accomplishments may equally involve certain financial costs which can effectively reduce profits and comparative performance. Hence, Vance (1975) came up with the trade-off hypothesis to show negative linkage between CSP and CFP whereby corporations displaying strong social credentials experience declining stock price s relative to the market average. 2.2.3 CSP as a Business Strategy So far, it is clear that CSP can be used as a business strategy which can contribute to the competitive advantage of firms. A study by N. A. Dentchey (2004) on the effects of CSP on the competitiveness of organisations reveals that CSP should not be thought as an innocent adventure for executives. It is rather a strategy for achieving corporate strategies, which if not warily implemented, may harm the firms competitive advantage. Competitive advantage, as seen by Porter (1996), denotes the ability of a company to outperform others from successful differentiation from rivals actions. This strategic fit between the outside environment and companies internal resources and capabilities (Hoskissoon et al., 1999) results in superior financial results, as indicated by various measures of profitability. Hence, as per Burke and Logsdon (1996), a strategic implementation of social responsibility benefits all by resulting in strategic outcomes such as customer loyalty, future purchases, new products, new markets and productivity gains. Arguably, CSP can be a source of competitive disadvantage for firms which regard CSP as an additional cost. Business contributions to social prosperity (CSP) are seen by Keim (1978, p.33) as an investment in public good which is consumed or enjoyed by a number of individuals disregarding the cost sharing. Thus, investing in CSP is likely to bear negative effects for the firms which are in curring costs that might otherwise be avoided or that should be borne by others, for example, individuals or government (Aupperle et al., 1985). 2.2.4 CSP, CFP and the Stakeholder Theory Following the above arguments, a new perspective of CSP, based on the stakeholder analysis, emerges to argue furthermore that there exists a positive relationship between CSP and CFP. As such, S.A. Waddock and S.B. Graves (1997) propose that a tension exists between the firms explicit costs (for instance, payments to bondholders) and its implicit costs to other stakeholders (for example, product quality costs, and environmental costs). Hence, a firm which tries to outweigh its explicit costs by increasing its socially responsible actions incurs higher implicit costs, resulting in competitive advantage. Thus, high levels of CSP are seen as indicators of superior management by Alexander and Buchholz (1982) which lead to lower explicit costs and enhanced financial performance. The stakeholder theory accompanies the concept of CSR by shedding more light on the issue of social responsibility. This theory is spread over three aspects (Donaldson and Preston, 1995) namely, descriptive, instrumental and normative. While the descriptive aspect describes and explains the theory, the instrumental aspect discloses the cause-effect relationships between stakeholder management practices and improving corporate performance. The normative aspect, on the other hand, as perceived by I.Y. Maroam (2006) emphasizes on the moral imperatives for practising stakeholder management, rather than the business benefits it may provide. A parallelism between the core business domain and the CSR domain will maximise a firms profitability. The stakeholder theory provides a framework for investigating the relationship between CSP and CFP by examining how a change in CSP is related to a change in financial accounting measures. In fact, the two concepts of CSR and stakeholder share the proposition that social responsibility affects financial performance in some way or other. This subject area has been so vastly explored that this trend is now seen as a natural progression which goes associatively with developments in the industrial and business world. There is an increasing concern and emphasize on humanity, environmental preservation and enlightened social consciousness. Thus, a new area of research began to pave its way within the field of business and society where the relationship between corporate social conduct, both toward the corporations stakeholders and the wider society, and the corporations financial performance was and is still being investigated across several countries. Over environmental issues, research h as revealed that businesses which are eco-friendly and demonstrate good CSR practices enjoy increased consumer purchase preference (Gildea, 1994; Zaman, 1996) and good economic performance (Al-Tuwaijiri, et al., 2004). A stakeholder group, as identified and defined by Freeman (1984), is one that that can affect or is affected by achievement of the organisations objectives, that is, which can be harmed as well as can help it to achieve its goals. Therefore, there is a growing need for firms to address the needs and expectations of the stakeholders to avoid negative outcomes and produce positive outcomes for themselves (Donaldson and Preston, 1995; Freeman, 1984; Frooman, 1997). Pursuant to the stakeholder theory perspective, CSP can be assessed in terms of a company meeting the demands of multiple stakeholders, ranging from cost minimisation to societal maximisation. Building on the previous mentioned definition of CSP, Wood and Jones (1995) propose that stakeholder theory is the key to understanding the structure and dimensions of the firms societal relationships thereby assuming that firms are responsible for honouring all the implicit and explicit contracts they hold with their various constituen ts. Therefore, the stakeholder theory provides a system-based perspective of the organisation and its stakeholders where it acknowledges the dynamic and complex nature of the interplay between them. The various stakeholders of the firms, such as the employees, shareholders, financers, environmentalists, government, communities, customers and even competitors should be convinced by the management that it is working harder to satisfy them. The more important the stakeholders to the firm, the more effort the firm needs to put to uphold its relationship with the former. According to Clarkson, Donaldson and Preston et al. (1995), the stakeholder theory must place shareholders as one of the multiple stakeholder groups which managers should consider in their decision-making process. However, like the shareholders, the other stakeholders may have a say upon the firm, bestowing societal legitimacy. Notably, Bernadette M. Ruf et al. (2001) asserted that firms must address these non-shareholder gro ups demands otherwise they might face negative confrontations which can ultimately result in diminished shareholder value, through boycotts, lawsuits, protests and so on. Hence, firms have a fiduciary duty relationship not only to the shareholders, but to all stakeholders (Hasnas, 1998, p.32). So far, recognising a companys contractual relationship with the various stakeholders has been instrumental in better comprehending the relationship that CSP and CFP share. Stakeholders have expectations from the organisation. Nevertheless, these expectations may conflict with the firms limited resources leading the firm to evaluate its costs and benefits tradeoffs. Firms must thus come with measures representative of the various factors of CSP and stakeholders interests. Unlike neo-classical stockholders who were only interested in financial performance (Grouf, 1994; Shapiro, 1992), the major stakeholders of today, that is, the stockholders are more interested in the firms current and future financial benefits and social performance. 2.3 Empirical Review This section reviews the works done and methods used by researchers on the relationship of CFP and CSP. Empirical results on the latters correlation are mixed whereby some yielded in positive, some in negative and some in non-significant relationships. Basing on the stakeholder theory approach, several models on the CFP-CSP relationship have been proposed, where the largest number of investigations found a positive CSP-CFP linkage. Notably, different methods to compute indexes for CFP and CSP have been used since data on both cannot be possibly obtained in absolute figures. As such, using aggregated weights assigned to K dimensions of social performance obtained through questionnaire for CSP and using change in return on equity (ROE), change in return on sales (ROS) and growth in sales as financial measures on a sample of 496 firms, Bernadette M. Ruf et al. (2001) came up with a positive relationship between CSP and CFP. They, in fact, regressed change in CSP on change in CFP. The results revealed a significant positive relationship between change in CSP and change in ROE and change in ROS in the long term but that with growth in sales was significantly positive only in year 0 and 1. The study suggests that improvements in CSP have both immediate and continuing financial impacts. The authors have furthermore suggested that since many financial performance measures follow a random walk or mean reversion  [1]  , it is important to use lead/lag studies to establish a causal sequence of CSP and CFP. Concerning time period, one year may be short in strat egic terms and could well be distorted by rogue figures, hence, it suggested to take two or five years data in analyses. A paper by S. A. Waddock and S. B. Graves (1997) also found positive linkage between CFP and CSP. An index for CSP was computed using eight attributes relating to shareholder concerns and were rated consistently across the entire Standards Poors 500 by a rating service. The firms profitability was measured using three accounting variables, namely, return on assets (ROA), ROE and ROS used to assess CFP by the investment community. Factors such as size, risk and industry which affect both CFP and CSP were taken as control variables. Used on a sample of 469 companies and using CSP as both dependent and independent variable, the results revealed that CFP does depend on CSP and vice-versa and also indicated the importance of controlling for industry in assessing such a relationship. Size has been suggested in previous studies, like that of Ullman (1985), to be a factor which affects both CFP and CSP. Size remains a relevant variable because there had been evidence that smaller firms may not demonstrate the same obvious socially responsible behaviours as larger firms. Authors like Pinkston and Carroll (1993), for instance, investigated the extent social responsibility orientations, organisational stakeholders, and social issues can differ among firms of differing sizes. P. A. Stanwick and S. D. Stanwick (1998), on the other hand, found a significant positive association between size (annual sales) and CFP at the 10% level for three of the six years of their study. Firm size is particularly the scale of operations in an organisation (Price and Mueller (1986, p. 233)). Previous literature has indicated a need to control not only for industry, and size (Ullman, 1985; Waddock and Graves, 1997), but also for risk (McWilliams and Siegel, 2000) to render research results more complete. The argument to use risk as a control variable is supported by the fact that the degree of risk is seen as the other important component of firm performance assumed by a firm in order to achieve a given level of financial performance as stated by Bettis and Hall (1982). Baird and Thomas (1985) also advocated risk as being both as a strategic variable (firms choose a given level of risk) and as an outcome variable (strategic choices lead to a level of risk) which ultimately leads to improved financial performance. As such, M. Brine, R. Brown and G. Hackett (2004) used risk alongside size as control variables to assess financial performance of 277 companies. Their preliminary results stated that the adoption of CSR does lead to increases in turnover and also an increase in equity, which in turn improve the CFP level. To bring more integrity, M. Orlitzky et al. (2003) conducted a quantitative meta-analysis on the CFP-CSP relationship building on the hypothesis that CSP and CFP are generally positively related leading to competencies, learning, efficiency and reputation-building with its external stakeholders. Taking CFP as a companys financial viability through three broad subdivisions consisting of market-based (investor returns), accounting-based (accounting returns), and perceptual (survey) measures and constructing CSP through four broad measurement strategies, namely: (a) CSP disclosures (annual reports, letters to shareholders); (b) CSP reputation ratings; (c) social audits, CSP processes, and observable outcomes; and (d) managerial CSP principles and values (Post, 1991), the study suggests that corporate virtue in the form of social responsibility and, to a lesser extent, environmental responsibility can pay off, despite the CSP-CFP operationalisations can also moderate the positive associa tion. CSP appeared to be more highly correlated with accounting-based measures of CFP than with market-based indicators, and CSP reputation indices were more highly correlated with CFP than are other indicators. According to Mahoney L. and Roberts R.W. (2007), there is no significant relationship between a composite measure of firms CSP and CFP. Using four years panel data of Canadian firms, they calculated a composite measure of CSP score by summing all dimension strength ratings, such as, community relations, diversity, employee relations, environment, international, product safety, and amongst others and subtracting all dimension weaknesses ratings. Following Waddock and Graves (1997a), ROA and ROE were used separately to measure a firms CFP. As CFP was expected to be positively related to CSP, a one-year lag between CFP and all independent variables (CSP, firm size, debt level, and industry) was used. Inconsistent with their expectation, they found no significant relationship between the composite CSP measure and either ROA or ROE. However, the use of individual measures of firms CSP regarding environmental and international activities and CFP resulted in a significant relationship provi ding mixed support for the business case for CSP. A study, using the Granger causality approach, by Rim Makni et al. (2008) reaffirms Mahoney and Roberts (2007) works on the non-significant relationship. However, there may also be a simultaneous and interactive negative relation between CSP and CFP, forming a vicious circle.

John Adams :: biographies bio biography American History

John Adams (1735-1826) Founding father. Second President of the United States, first vice-president of the U.S., member of the Continental Congress, helped draft the Declaration of Independence, helped negotiate the treaty of Paris with England in 1783. Also known as the Paris Peace Treaty, this agreement ended the United States War for Independence, giving formal recognition of the United States, and established it's then-boundaries. Second President (1797-1801) John Adams devoted much of his presidential energy to dealing with infringements on American neutrality in an Anglo-French war. He succeeded in keeping the United States from being drawn into those hostilities. He did so, however, at great cost to his popularity, and he left office feeling much battered and wrongly abused. Many years later, Adams observed: "No man who ever held the office of President would ever congratulate a friend on obtaining it." THE PARIS PEACE TREATY (PEACE TREATY of 1783): In the name of the most holy and undivided Trinity. It having pleased the Divine Providence to dispose the hearts of the most serene and most potent Prince George the Third, by the grace of God, king of Great Britain, France, and Ireland, defender of the faith, duke of Brunswick and Lunebourg, arch- treasurer and prince elector of the Holy Roman Empire etc., and of the United States of America, to forget all past misunderstandings and differences that have unhappily interrupted the good correspondence and friendship which they mutually wish to restore, and to establish such a beneficial and satisfactory intercourse , between the two countries upon the ground of reciprocal advantages and mutual convenience as may promote and secure to both perpetual peace and harmony; and having for this desirable end already laid the foundation of peace and reconciliation by the Provisional Articles signed at Paris on the 30th of November 1782, by the commissioners empowered on each part, which artic les were agreed to be inserted in and constitute the Treaty of Peace proposed to be concluded between the Crown of Great Britain and the said United States, but which treaty was not to be concluded until terms of peace should be agreed upon between Great Britain and France and his Britannic Majesty should be ready to conclude such treaty accordingly; and the treaty between Great Britain and France having since been concluded, his Britannic Majesty and the United States of America, in order to carry into full effect the Provisional Articles above mentioned, according to the tenor thereof, have constituted and appointed, that is to say his Britannic Majesty on his part, David Hartley, Esqr.

Effects of Psychodrama Practice on University Students’ Subjective Well-Being and Hopelessness Essay

Psychodrama can be defined as the helpful role-playing method technique usually conducted by groups. Many questions have been raised about the effects which can be caused by psychodrama on students (Blatner, & Adam, 2014). This article have discussed and compiled those effects caused by psychodrama practice on university students’ subjective well-being and hopelessness, morenean approaches: Recognizing Psychodrama’s many facets, the integration of psychodrama with Bowen’s theory in couple therapy and enriching psychodrama through the use of cognitive behavioral therapy techniques Bibliography. Article summary on the effects of psychodrama practice on university students’ subjective well-being and hopelessness                  The effects of psychodrama can be either positive or negative (benefits or limitation).Psychodrama has several applications in real life today. These applications include business, training, religion, and application in business and also teaching together with psychotherapeutic application and concentrations (Blatner, & Adam, 2014). Many people have made it a major part in their colleges as psychodrama trainers who puts efforts broadly with such persons (Farmer et al, 2007). The psychodrama tic tactic can be readily unified with several other approaches which relates to psychotherapy. According to Blatner, & Adam, (2014), the integration of psychodrama with psychoanalysis, gestalt therapy, behavior therapies, creative arts therapies, play therapy, body therapies, family therapy, group therapy, imagination therapies and other miscellaneous psychotherapies. For example within (ASGPP) American Society for the Study of Group Psychotherapy and Psychodrama ther e is a sub class of psychodrama that precisely concentrate on application of psychoanalytic. Psychodrama symbolizes a full expansion and improvement of role-playing together with their applications and implementation. Although role-playing is mostly discussed, outdoor of psychodrama it has not often been considered as an intermediation but except decisiveness training, others are known by the clinician. A psychodrama tic role-playing meeting is perfect for formulating for example a university student to have an encounter with a family or friend member, employer, or maybe the colleague worker. Psychodrama have another application of addressing a wide range of matters and problems comprising those in the currently, future, and past or those that comprise the interior encounter (Farmer et al, 2007). According to Farmer et al, (2007), it can be addressed as â€Å"surplus reality,† that is those issues connected to what one might have, would have, and should have done. This can be applied to efficiently address visions and fantasies and can be applied to address worries related to â€Å"God†, â€Å"the church† or â€Å"the government† in a straight sort of manner. This can improve the well-being of a student and assist him or her in grieving through a goodbye meeting with a departed important and esteemed one. Furthermore Psychodrama can be applied to enhance specific therapy on an individual or additional therapy setup. This can assist the move a student past a deadlock or define if they are equipped for expulsion from treatment through tackling an expected challenging situation (Treadwell, 2005). Privacy is an issue in any experimental preparation groups just as it is in psychotherapy groups. Each participants is required to come to an agreement to privacy as one condition for being a fragment of this training (Blatner, & Adam, 2014). The participants are also stimulated to take into account ongoing work and school interactions with other participants as they select what they unveil as a personal material. Furthermore, it will be addressed out that a moral condition for group work is to make the contestants aware that though a group trainer is forbidden by law from unveiling any material from group, also other group members do not have that same responsibility. Many ways can lead to physical injury to the participant in the process of enactment. For example, the presentation of fierce scenes, creating effects in example standing on chairs, or peoples who are bodily compromised to start with commotions which they cannot do. It is the teacher’s and therapist’s accountability to be alert of possible hazards and to shield the participants. Societal force can end up in individuals feeling constrained to participate in activities of which they may not otherwise accord. Moreover, it is stressed that this subject must be made clear with each participant with whom the therapist might use the method (Farmer et al, 2007). Psychodrama is the most approach developed by Moreno in his lifespan. Instead of being believed of as an only technique, his work would be greatly aided if utilized and recognized as actually separate mechanisms (Karatas, &Zeynep, 2005). Although the efficiency of these individual mechanisms might be added up by using them in performance, there are many situations in which they can be applied in their own right. Moreno came to a conclusion that body movement, active interrelations and actions on the stage, their common familiarity or distance as stated in altitudinal terms, physical, could inform more about the troubles in interpersonal affairs than speaking (Farmer et al, 2007). The action occurring on the stage, movements and spoken words, and objects, make it probable for the character to either to complete anything he or she has been unable to, or have not known how to do it, or tried not do in actuality (Treadwell, 2005). This can be referred as act completion since it is on the psychodrama stage that the person understands the emotions and thoughts that obstruct him, plus the new sequence of behavior that will assist him to express himself independently (Treadwell, 2005). Psychodrama not only sightsees one’s unexpressed feelings and thoughts, but also the conditions that have never really occurred but could have the meets with those who are actually not there. Everything can happen in psychodrama and this hidden dimension of experience can be referred as surplus reality or an extra dimension of reality. The â€Å"character’s† story or subject is at the center of the psychodrama tic presentation whereby the character is the client, patient and the subject of the conduct. The character is chosen out of the group and during the psychodrama tic process the group’s participants are the â€Å"listeners† and the source is for the enactment (Blatner, & Adam, 2014). About the greatest part, the source plays the part according to the character’s comments and instructions .The organizer may direct the source but not intensively. According to Moreno, the source can be acted to the character’s creative mind in two approaches known as double and soliloquy (Treadwell, 2005). There are many methods which co-therapist use to deal with those in relationships mainly couples by use of psychodrama methods and Bowen’s theories. The authors put together the Bowens theory of differentiated individual as single who is capable to function from a position of me as different from we in couples or relationships and use psychodrama to show this functioning (Blatner, & Adam, 2014). The appliance of psychodrama among couples is based on the four Bowens theories (Farmer et al, 2007). the first theory is the theory of triangle, In couples who are too cross of very far there comes a time where some misunderstanding occurs, some couples are able to solve them in a peaceful manner while others they do not manage to do so, this cause an emotional tension which leads to violence in the family. This is where the Bowens theory of triangle gets in, the theory introduces a third party in the family, which helps to solve the problem. The three party’s forms a triangle as the name suggest due to the pull of the third party. The third party can be Christian leaders, police or family friends. According to Blatner, & Adam, (2014), in families, differentiated profile according to Bowen’s theory occurs when a child is born with some characteristics similar to those of one parent or grandparent or the child is born during the period of the death of one of the members of the family. The child concentrates more on the family due to the pressure from those sharing the same characteristics with him or her. This makes child to grow in a sense of WE more than I. In this case, Bowen wanted to teach couples on how to be different from others, if is to attend therapy sessions on member can attend and bring a change in the family if both are not willing to attend together (Karatas, &Zeynep, 2005). The authors bring together the psychodrama and also cognitive behavioral techniques in-group settings. Those groups should have a minimum of five and maximum of ten members. The sessions should take 2 to 3 hours and total period should be 15 weeks. Those with aggressive disorders should take individual therapy (Treadwell, 2005). In the application of cognitive therapy, therapist should start with dysfunctional contemplation or thought records where the group’s members record things that affect them emotionally. The records are kept in each person’s file. During the filling of dysfunctional forms, the members should be given the samples first to guide them on how to fill them. Those forms help the therapist to know each person problem (Treadwell, 2005). Other cognitive technique is automatic thoughts, which are habitual. The therapist helps the patient to recognize them and assist the patient how to deal with them. The cognitive behavioral technique is very effective and the patient responds to it very well (Blatner, & Adam, 2014). Conclusion                  From the impacts of psychodrama and its explanation we can deduce that it not only explores one’s unexpressed feelings and thoughts, but also the situations that have at no time really occurred but could have the meets with those who are actually not there. Everything can happen in psychodrama and this hidden dimension of experience can be referred as surplus reality or an extra dimension of reality. Psychodrama is useful since it can be applied in business, training, religion, and application in business and also teaching together with psychotherapeutic application and concentrations. Other than benefits it can affect the participant due to its societal force which can end up in individuals feeling constrained to participate in activities of which they may not otherwise accord. Outline Psychodrama can be defined as the helpful role-playing method technique usually conducted by groups. Effects of psychodrama can be either positive or negative (benefits or limitation). Benefits include the applications in real life situations such as in business, training, religion, application in business and also teaching. Negative effects are the potential harms in terms of emotions, social culture or physical change. According to Moreno, Psychodrama is the most approach developed in his lifespan Psychodrama not only sightsees one’s unexpressed feelings and thoughts, but also the conditions that have never really occurred but could have, the meets with those who are actually not there. Everything can happen in psychodrama and this hidden dimension of experience, can be referred as surplus reality or an extra dimension of reality. Bowens theories emphasizes mostly on differentiation where one refers himself as an individual. The force of the third party in a relationship helps a lot. The integration of Bowers theories and psychodrama brought a solution to those in relationships. Dysfunctional thought forms help mostly students and patients with a problem of mood regulation. During the first sessions of application cognitive technique, the students do not cooperate but later they enjoy the sessions. References Blatner, Adam (2014). Morenean Approaches: Recognizing Psychodrama’s Many Facets. Turk Egitim DernegiFarmer, Chris; Geller, Marcia (2007). The Integration of Psychodrama with Bowen’s Theories in Couples Therapy. Heldref Publications Winter Karatas, Zeynep. (2005). Effects of Psychodrama Practice on University Students’ Subjective Well-Being and Hopelessness Treadwell, Thomas W; Kumar, V K; Wright, Joseph H (2005). Enriching Psychodrama Through the Use of Cognitive Behavioral Therapy Techniques. HELDREF PUBLICATIONS Summer Source document

Software Marketing

Software is composed of many programs that all together fulfill a certain task. Programs are strict instructions that tell the computer what to do. A computer is a complex machine that uses directions like programs and software to operate, without it it†s useless. In other words, software brings life to a computer†s hardware. More precisely, it represents what fuel is to a car. There are two categories of software; operating systems and applications. Both of them are a necessity to one†s computer. The first one is the largest program, and the most important one. This software deals with file management, memory management, provides a user interface, and manages I/O devices like printers, and disk drives. Microsoft is well known for their Windows 95, and Windows NT operating systems, two of the most popular operating system on the market because of its user-friendly features. But operating system like Unix, and Linux are more known for their stability, and good performance. On the other hand, applications are smaller programs that fulfill a less important task. To satisfy the user†s demand, programs are written accordingly. For example, a lot of word processor users have the privilege of having programs like Word to help them. Other might like spread sheets, and use programs like Excel, or Lotus1-2-3. There are also database applications like Access, or programming compilers like Borland C++. All those application are very common for personal computers. This is why companies try to sell along with a computer an operating system, and a package of highly demanded applications at the same time. Operating system, like application is expensive. Recently, companies have been offering free version of software on the Internet for competition, or economic purposes. Therefore two new categories of software emerged; shareware (freeware), and proprietary software. First, shareware are software programs that are available to anyone who wishes to use it. Winzip for example can be downloaded from the Internet for free. Thanks to Microsoft, a multitude of useful software are available the same way, the most popular one is probably Internet explorer. An important notice about shareware is that they†re not complete programs, in other words the version downloaded is not as complete as the original one, but it still fits some user†s demands. That†s what counts. On the other hand, proprietary programs are exactly what a freeware program is not. In other words, it†s complete, expensive, and protected. Whit it comes a license that unauthorizes anyone to duplicate, copy, or install the purchased software. Any violation of this right may lead to further implications. The purchase only allows the buyer to use the software, not to copy it. This leads to the complex laws of ownership. To understand the meaning of ownership, it†s important to known what ownership is, and how it†s acquired. First, ownership means to own a property by right, therefore it†s a legal possession that ensure proprietorship. Second ownership can be acquired in more then one way. By purchasing a house you can become a owner, if you create, find, or inherit a thing you therefore logically become the owner as well. For example, if you find a gold mine you become the legal owner. There is different kind of ownership, and the most common one is certainly physical ownership. In this case the recipient is able to do whatever he wishes with his propriety. As an object, owners can use their properties as they want, as long as they†re not violating the law, or anyone†s rights. A house is a great example of physical ownership. The owner is able to do whatever he wants to it, as long as he doesn†t endanger his neighbors. This is where ownership software becomes more delicate. Can software be treated in a similar way? should it be considered as an object? This question is complex, and this is why policies have been created for software copying. For example, if an individual buys a computer program, he buys the right to use that software as much as he wants. On the other hand, strict laws forbid him to duplicate, or copy the actual software. Indeed as for books, videos, and songs there are copyright laws that govern software copying, and the violation of those laws are serious. Computer software are ideas that are translated in coding, therefore making duplicates is like stealing someone else†s idea; it†s plagiarism, that†s a crime. By those laws, computer programmers are protected as well as writers, and signers. Therefore they get the credit for their work. But this particular aspect of software copying is still uncertain, because authorities fail to enforce the law, and this is how computer software, videos, and songs are illegally copied everyday. Programmers do get credit, but they lose an enormous profit. Another important kind of software ownership is called patent. This kind of ownership is a writing in paper securing an invention. Like this, a programmer is given complete rights over his software. He has the power to give, copy, install, uninstall, or simply give to a certain individual a copy of his program. This is how programmers are protected from other programmers that would like to develop a program closely similar to there†s. All this discussion about ownership seems to be so complex, therefore why isn†t software free for all to use? In a capitalist society like ours, the fundamental purpose of creating a product is to make profit out of it. If not, why would you spend ten dollars to print a T-shirt, and sell it for free. This idea seems ridiculous. On the other hand, individual like Richard Stallman claims that software ownership is harmful to society. How is that? Computers engineering like any other businesses as to meet certain economic standars to maintain themselves. The industry of computers is constantly growing, and therefore more demanding in terms of software. Before the Internet, word processors, and spreadsheets were very popular, but now Font page 98, and Internet Explore are one of the upcoming software in the business. Now the question is, why sell them for free when they†re creating huge profits? Richard Stallman argument is that it deprives people from using the software. This is like saying that a BMW should be free, because it deprives the lower class people from driving a luxury car. Now does that make sense? In his article, his analogy to roads is completely false. Why? Simply because roads are not free, tax payers give every year a part of their salary to maintain them, therefore should that mean that we should all pay for free software. Of course not, because the needs of roads, is not comparable to needs computer software. Roads are a necessity, while computers are still optional. Stallman claims also that free software ownership damages social cohesion. Therefore, the fact of not copying software could hurt society. Does it mean that I†m being a bad citizen? Should this example be right for cars, houses, pay checks, etc†¦ If so, it†s not going to happen any time soon. Stallman argument are week, and unrealistic. In other word they don†t make sense. For the simple fact that every example used in his article are easily destroyed. Therefore, his arguments are incomplete. Computer science is constantly expanding, it's therefore providing a great amount of profit to our society. As capitalist, the idea of giving computer software for free should not even be considered, yet ignore, simply because it makes no sense for programmers, as it would for any other profession to give a service for free. This is why copyright laws have been set in order to regulate those that support Stallman†s theory. But still, the authorities fail to enforce those laws, therefore this problem is far from being over. It†s very easy to get free software, especially with the arrival of CD writers.