Saturday, November 16, 2019
Traditional Education vs. Online Education Essay Example for Free
Traditional Education vs. Online Education Essay There are different ways to access higher education, either through online education or traditional education. For centuries, online education could not compare to traditional education. Today, online education competes with traditional education in many ways. Though online education has become very popular, how does one know which is best for him or her? Identifying the pros and cons through flexibility, communication, interaction, skills development, and affordability will help the student decide the best option. Although online education seems to be taking over the traditional means of education, both are great options in different ways. The bottom line is that the world is becoming technologically smart. For one juggling home, school, and a job, it can be difficult commuting to class every day. Online education eliminates the need to attend class. Online courses allow the student to access coursework from an Internet site. Motivated, responsible, independent learners can work at their own pace, whenever is suitable for them. This allows the flexibility that a traditional classroom setting does not provide. However, one who struggles to be self-motivated may fall quickly behind. In a traditional classroom setting the student has to attend class on campus. Traditional education is for a learner who needs more lecturing to understand and also needs to be able to ask questions as he or she learns. A student who is enrolled at a traditional university gets the chance to take advantage of the university’s facilities. These facilities include places like the student union and the gym. If the student chooses online education, the student has to make sure he or she has a computer, Internet usage, and a backup plan in case he or she has a computer failure. Though flexibility is important in choosing which option is best, there are many other things that should be taken into consideration. Communication and interaction is an important factor in learning. Online education does not offer the face-to-face interaction traditional education offers. Online courses provide interactions between the student and the content, interactions with other students, and interactions with the instructor using different forms of computer- mediated communication. These interactions take place through e-mail, chat, and discussion threads. Traditional education allows the student to have direct contact with the instructor to ask questions with instant feedback. An online student is in a class with instructors and students from all over the world whom they will never meet face-to-face. Traditional education allows the student to interact and to meet new people, which results in a growth in contacts and networking opportunities. For the student who strives on the quick exchange of ideas between the instructor and the student, the classroom environment may be a better option. On the other hand, a student who experiences anxiety when called on to speak during class may prefer the time given to reflect on his or her responses offered by online courses. Communication provided by both online education and traditional education allows a convenient way for the student to communicate with the instructor and classmates, thus producing a great learning environment. The main reason a student is enrolled in school is to learn and develop new skills. Though online education allows a student to learn in a comfortable, quiet environment, without being distracted by others, online education may be difficult for a learner who has a hard time learning without direct, face-to-face interaction with the instructor. Traditional education allows teacher-student interaction and instant feedback that online learning cannot provide. Depending on the interaction level in a classroom setting, a shy student may attend class without providing communication ideas, which forces the student to learn by a vocal exchange with the instructor. This may limit one’s ability to learn. Online education is not for a student who struggles learning from books or other written material. Online courses involve a lot of writing practice because there is little opportunity for questions to get answered verbally. In a traditional classroom setting, the students have the ability to exchange ideas and information with each other, as well as directly with the instructor. Questions are answered immediately, as opposed to waiting for an online response. The instructor is also able to focus on a particular subject, inspiring the student in a way that learning through an online course cannot. However, online courses offer some unique opportunities for learning and developing skills, but it is important to be familiar with computers before deciding on online schooling. One of the most crucial factors about achieving higher education is cost. Both online and traditional education can incur a lot of debt. Online education, in most cases, is less expensive. Traditional education is more expensive, especially considering tuition fees, accommodations, and transportation. Enrolling in an online course eliminates the money that has to be spent on gas, parking, or childcare. There is no need for expensive housing, since the student does not live on campus. Another pro of schooling online is textbooks can be downloaded to the computer instead of spending money to purchase them. There are options for paying for schooling. Online education and traditional education both offer financial aid packages, including loans and grants. There are different types of loans a student may qualify for, which has a time frame of when it has to be paid back. Overall, before the student decides which option is suitable for him or her, he or she must know the cost of enrolling and have a plan in place to repay to avoid a lot of debt. The choices of online education and traditional education are both excellent options to pursue higher education. Online education programs can be an awarding experience for a student wanting to earn a degree at his or her own pace. Studies have shown that a student who is mature, independent, and self-motivated becomes very successful in the online classroom. Studies have also shown that a student who is a dependent learner may find it challenging to take on the responsibility of an online program, thus making an extremely successful student in a traditional classroom setting. Ultimately, the student makes the final choice as to which educational program suits him or her by carefully identifying the pros and cons through flexibility, communication, interaction, skills development, and affordability.
Thursday, November 14, 2019
Management Audit Essay -- essays research papers
Marketing Analysis of GITS-FOOD PRODUCTS PVT. LTD. GSN 408 Marketing Management 1 The Team Ali Tejani                     # 03119386 Christopher Pangestu      # 04255682 Thanapong Sirirat Usdorn      # 03122204 Lecturer: Associate Professor Susan Dann Submission Date: Wednesday 19th Dec 2001 Word Count: 3054 Queensland University of Technology - MBA Table of Content 1.     Company Overview                                   1 2.     Environment Scan                                   2 2.1.     Micro Environment                                   2.2.     Macro Environment                              2.3.     Environmental Scanner                              3.     Market Segmentation                                   4 4.     Market Positioning Strategy                              7 4.1.     Preparing the Positioning Strategy 4.2.    &... ...earn from their experiences in the market place, and this knowledge influences consumption decision. (McColl-Kennedy, Janet R. and Kiel, Geoffrey C. 2000: 102) „X     Life Style- Gits-Food focuses on how people spend their interests and activities, and by their opinions. 4)     Situational Factors The situational factors influence the customer ¡Ã‚ ¦s decision- making in different ways such as occasion to buy, the time or the weather to buy, a sales posters and crowding in a store, and the amount or lack of money in the customers ¡Ã‚ ¦ hand. 7.      References „X     Mc Coll-Kennedy, Janet R. and Kiel, Geoffrey C. (2000), Marketing: A Strategic Approach, Nelson: Melbourne „X     Neal, C. Quester, P. and Hawkins, D. (2000), Consumer Behaviour: Implications for Marketing Strategy, McGraw-Hill: Sydney „X     Proctor, T. (2000), Essentials of Marketing Research, Prentice Hall: London „X     http://www.gitsfood.com/2001 „X     Interview and questionnaires by email and phone to Pune, India. Management Audit Essay -- essays research papers Marketing Analysis of GITS-FOOD PRODUCTS PVT. LTD. GSN 408 Marketing Management 1 The Team Ali Tejani                     # 03119386 Christopher Pangestu      # 04255682 Thanapong Sirirat Usdorn      # 03122204 Lecturer: Associate Professor Susan Dann Submission Date: Wednesday 19th Dec 2001 Word Count: 3054 Queensland University of Technology - MBA Table of Content 1.     Company Overview                                   1 2.     Environment Scan                                   2 2.1.     Micro Environment                                   2.2.     Macro Environment                              2.3.     Environmental Scanner                              3.     Market Segmentation                                   4 4.     Market Positioning Strategy                              7 4.1.     Preparing the Positioning Strategy 4.2.    &... ...earn from their experiences in the market place, and this knowledge influences consumption decision. (McColl-Kennedy, Janet R. and Kiel, Geoffrey C. 2000: 102) „X     Life Style- Gits-Food focuses on how people spend their interests and activities, and by their opinions. 4)     Situational Factors The situational factors influence the customer ¡Ã‚ ¦s decision- making in different ways such as occasion to buy, the time or the weather to buy, a sales posters and crowding in a store, and the amount or lack of money in the customers ¡Ã‚ ¦ hand. 7.      References „X     Mc Coll-Kennedy, Janet R. and Kiel, Geoffrey C. (2000), Marketing: A Strategic Approach, Nelson: Melbourne „X     Neal, C. Quester, P. and Hawkins, D. (2000), Consumer Behaviour: Implications for Marketing Strategy, McGraw-Hill: Sydney „X     Proctor, T. (2000), Essentials of Marketing Research, Prentice Hall: London „X     http://www.gitsfood.com/2001 „X     Interview and questionnaires by email and phone to Pune, India.
Monday, November 11, 2019
London 2012: Did the Olympics benefit all, or leave a legacy of widening social inequality?
The Olympic Games have become a much sort after event by cities around the world. It is seen as an opportunity for the city not only to enhance and broaden its profile, but showcase its potential as an attractive place for investment (Hiller, 2006, p.318). This essay will explore the sociological impact that the Olympics have had on the city of London and its occupants. It will be argued that while there are numerous positive short term effects that come with hosting the Olympics, not only are the positive long term effects few and far between, but there is a number of negative effects impacting those belonging to the lower socio-economic group.By examining what has occurred in London and comparing this particular Olympics to some past cities that have played host (Barcelona, Sydney, Athens etc), this essay will show that while stimulating economic growth, contributing to the short term happiness of the inhabitants and more recently, promoting environmental sustainability, the Olympi cs generally bring few benefits for socially excluded groups. Firstly, by looking at the history of the five London borough’s to be transformed by the Olympics, we will examine whether class theory is still a relevant issue for London and if Marx and Webber’s ideas are still applicable.The argument will then be divided into economic, social, cultural and political spheres, with each being discussed in terms how they were affected by hosting the Olympics in London. The Olympics may be of only short duration; however its impact and meaning may exist far beyond the event itself for the host city (Hiller, 2000, p.440). The most visible of these impacts relates to the infrastructural improvements. All host cities carry out extensive regeneration of urban areas and in London most of this â€Å"clean up and reorientation of city spaces†occurred in the five East London Olympic host boroughs of Newham, Tower Hamlets, Hackney, Waltham Forest and Greenwich. (LERI, 2007 , p. 5).Traditionally, East London has been the heart of manufacturing and industrial work; it has been home to London’s working classes and has remained relatively poor compared to the rest of the city. In the last decade improvements in infrastructure and the regeneration of London’s docklands has seen the boroughs become socially polarised with small pockets of relative affluence surrounded by the still high concentration of relative poverty. The present day London is vastly different to Marx’s 19th century version, yet the re-emergence of class as a defining factor has seen a new generation of those once again being influenced by his writing and evolutionary vision.Marx believed that class is best understood in terms of economic factors; his theoretical model is of a two class structure of owners and non-owners (Habibis & Walter, 2009, p. 18). Today’s London is not that different, austerity measures and rising unemployment have deepened the gulf divid ing the haves and the have nots. In the New York Times, an article by Katrin Bennhold (2012, April 26) states More than a third of British land is still in aristocratic hands, according to a 2010 ownership survey by Country Life magazine.In the Conservative-Liberal Democrat coalition cabinet, 15 of the 23 ministers went to Oxford or Cambridge. With this in mind, Webber’s multidimensional model of inequality and his argument that it is power rather than class that ultimately determines the distribution of resources in society (Habibis & Walter, 2009, p.19) can be used to explain how London is currently being governed. Webber placed much emphasis on the market and in doing so was able to account for the importance of non-material resources, such as education and skills. Most of those living in the East London in the lead up to the Olympics were young, lacking a proper education or skill base and therefore had little or no relationship to the market, and so, no power.Like Webber , Bourdieu also believed that non-economic factors were important as sources of social power (Habibas & Walter, 2009, p. 50). He would have made much of the fact that, of London’s elite and those who currently hold power, most attended the same prestigious private schools, therefore creating â€Å"social and cultural capital†to use as a resource that few in the eastern boroughs could even dream of. In the lead up to the London 2012 Olympics the world was confronted with what has become known now as the Global Financial Crisis (GFC). This economic depression led to an increase in unemployment and poverty throughout the world, particularly in the case of those already belonging to socially excluded groups.Social exclusion relates not only to economic disadvantage but includes the exclusion of people or groups from participation in mainstream social and economic life (Habibis and Walter 2009, p.78). The impact of the GFC was reported as leaving a whole generation of y oung people with opportunities that don’t live up to their aspirations, to the point where they may abandon hope for the future at all. The crisis means they almost invariably face fewer and less well paid entry-level jobs at every level, from graduate openings to factory work (Apps, 2011).This unrest led to the London riots only 12 months before the city was to host the Olympics. London’s Olympic bid was promoted as being aimed directly at developing an extensive renewal process to address the social and economic problems faced by those living in the eastern boroughs (LERI, 2007, p. 5). In economic terms, the infrastructural developments and large building projects are important because of their ability to attract investment and increase employment opportunities. For London, the games related construction activity is estimated to support a  £13.5 billion contribution to the UK GDP and the equivalent of 267, 000 years of employment in the UK economy between 2005 and 2017 (Oxford Economics, 2012, p.2).However, national figures from December 2012 show a decline of 25 000 construction jobs during the year (Moulds, 2012). In the lead up to the Athens Olympics in 2004, employment went up by 7%, however once the games were over Greek industry lost 70 000 jobs, mainly in construction (LERI, 2007, p.55). The economic benefits from the flagship developments and major projects are supposed to filter down to all groups over time, yet for socially excluded groups, there are often no benefits. Instead, the impacts are often negative, with house prices rising and the cost of living increasing. â€Å"Those who benefit are the existing asset holders and affluent middle class†(Ryan-Collins & Jackson, 2008, p.4). The social and cultural impacts of hosting the Olympics have in the past been more about the ‘feel good’ aspects of the games (Smith, 2009, p.117), than any particular form of social sustainability.Past Olympic host cities, particul arly Atlanta, Athens and Sydney, have attempted to use the games as an opportunity for long-term social legacies. However research suggests that Sydney was the only city where a legacy for a socially excluded group (the Homelessness Protocol) was lasting (Minnaert, 2011, p.370). For East London, three important changes have taken place since the Olympics. Firstly, transport services to the area, especially Stratford have been dramatically improved. Secondly, in order to compete with the huge new Westfield shopping centre, the local Stratford shopping centre was given a makeover, yet is still providing cheap, affordable goods for low income families.And finally, local schools have benefitted to the extent that they have lifted their performance from very poor to be able to compete with the national levels (Power, 2012). Minnaert (2011, p.363) has recognised three growing Olympic legacies for socially excluded groups; skills/volunteering, employment, and sports participation. The O lympics has been acknowledged as providing volunteering programmes that improve skills and employability, yet Hiller (2006, p.320) highlights that the model for the Olympic volunteer is best suited to primarily white collar workers.The vast majority of London’s unemployed are young, with a poor education and little skill base. As pointed out by Habibis and Walter (2009, p. 134) ours is a knowledge based society and those who possess the knowledge and skills (the highly educated) are the ones who gain access to the rewards. The same issue applies when reviewing the idea of increased employment opportunities for the host city population. Whilst it is abundantly obvious that yes, there are more jobs, most are not evenly distributed; employment opportunities usually benefit those who already have the skills and education required to seek and obtain work, with or without, these increased opportunities (Minneart, 2011, p. 363).The economic impact of the London 2012 Olympic and Para lympic games (2012, p.32) states that 3000 previously unemployed workers (70% of them from the host boroughs) were employed in the construction of the Olympic Park and Athletes village, yet these jobs are unlikely to be permanent as research into the legacies of the Barcelona and Athens Olympics suggests that job creation tends to be temporary, often filled by migrant and transient workers, with little or no change in overall employment rates (East Thames Group, 2007 p.4).One of London’s promises during the bidding for the 2012 Olympic games was to inspire a new generation to take up sport (DCMS, 2012, p.3). In the past the Olympics has been linked to increased participation in sport (Minnaert, 2011, p.363), yet there is little to suggest that these new participants are from any socially excluded groups. Although money, or lack of it, may play a part in this, another inhibiting factor is that sport involvement is also linked to cultural capital (Minnaert, 2011, p.363). Bou rdieu used cultural capital to refer to a form of value associated with consumption patterns, lifestyle choices, social attributes and formal qualifications (Habibis & Walter, 2009, p. 48). It is comparable to other resources like economic capital in that it not only impacts lifestyles but also life chances.Bourdieu believed cultural capital could be converted to economic capital through education. By sending their children to expensive private schools, working class parents can purchase the cultural power needed to move into middle class jobs (Habibis & Walter, 2009, p.109). It is still too early to tell whether London has succeeded in getting more people to take up a sport, but evidence suggests that in the past the Olympics has failed to show sustained participation once it is over (Minnaert, 2011, p. 363).Those who make the decisions in London today hail not from backgrounds that anyone in East London could possibly relate to. The current UK conservative-liberal coalition govern ment is comprised mainly of the affluent, privately educated, upper class. They and the global business leaders of the world were the decision makers for the London Olympics and decided how London was to be changed and regenerated. Western nations are currently seeing a rising influence of neoliberal discourses where the shift to a market influenced distribution has taken the place of a state related redistribution (Habibis & Walter, 2009, p.105).Indeed the London Olympics has even been called the Neoliberal games (Renton, 2012). Renton (2012) argues that with all the corporate sponsorship from entities such as BP, McDonalds, and Rio Tinto, the 2012 Olympic games are a reflection of the injustices and inequalities of the current economic system.One of the five government promises of the Olympic legacy was to demonstrate that the UK is a creative, inclusive and welcoming place to live in, visit and for business (LERI, 2009, p.6). Yet in the lead up to the games, there was suggestions of ‘social cleansing’ occurring as councils attempted to relocate those claiming the housing benefit to areas outside the city (Bowater, 2012). There is also still debate over whether the Olympic legacy of affordable housing will eventuate. Affordable housing was also meant to be one of the legacies of the London Olympics, yet with the recent cap on the housing benefit, many are doubtful that those with low income will be able to remain in the regenerated areas (Moore, 2012).In conclusion, it is noted that while hosting the Olympics boosts a cities international profile, particularly regarding investment and tourism it does not benefit all. While some improvements have been seen in the host boroughs like better school performances, more hopefulness and resilience, the increasing global financial strain is causing cuts to funding and resources that may now turn the clock back and leave these areas even worse off than they were before the Olympics. The lasting legacy could be that with the local sporting facilities removed to make way for the large Olympic complexes, many will no longer be able to afford to use them.With class still playing such an important role in determining life chances, particularly in London, the need to build a social system where education and skills acquisition are genuinely based on meritocratic principals rather than class hierarchy is the only way that inequality can be reduced. The Olympics has always been based on such meritocratic principals and it is the socially responsibility of those in power to see that as so much public investment is spent on financing such a large event, that it can only be justified if all benefit by being completely socially inclusive.
Saturday, November 9, 2019
Cheat Sheet MDM Risk analysis
Decisions based on them are dangerous! A single point only ever tells us what the average of two cases is, never what happens between the two cases! Poor understanding of downside risk poor understanding of upside opportunity 2) Scenario analysis: Define your scenarios; best-worst-base There are a range of results!Check if risk makes a difference 3) Use distributions for the uncertainties to describe key risk drivers Choose distribution based on historical data or expert opinion Distribution is important for the simulation; based on the given distribution, the simulator ill be more/less likely to pick numbers in specific ranges Uniform: same probability of all numbers in a given range Triangle: point within the range is much more likely than the other points Normal: you know the middle point but it could be off by X in either direction 4) Run (at)Risk (Monte-Carlo simulation) Define distributions (step 3) Define output cell fir which to simulate results Things to look out for Mean of objective variable (usually NAP) Compare results with scenario results (atria's will give better indication of the range than the scenarios! Look at full range of outcomes Look at standard deviation and at confidence range Look at downside risk and upside potential. What is % of being above/below specific number? What is breakable probability? What is the distribution like? Perform Monte-Carlo simulation to Evaluate different possible outcomes Determine expected result, range of results, probability of results (e. G. Probability of break-even), downside risk, etc.. Advantages: avoid the Flaw of Averages, understand the risk, test your intuition 5) Sensitivity analysis Purpose Examine sensitivity of results when model parameters are varied Observe change in results due to change in assumptionsIdentify main uncertainty drivers / key risk drivers Methodology What-if analysis (simple changing of numbers to see what happens) One-way & two-way sensitivity analysis Tornado diagrams One-wa y & two-way sensitivity analysis Use one-way sensitivity analysis (data table) to check how changes to a variable effect the output variable. Use Goal Seek to find breakable point of that variable. Use two-way sensitivity analysis (data table) to check for changes in two different variables at the same time Tornado diagram Check for impact of each variable / parameter, sorted in order of magnitude Shows you on which variables you should focus most, where the most important risks lie! Some Excel info points: Simulation settings: EXAMPLE QUESTIONS ON RISK ANALYSIS 1 .In what type of decision context could risk analysis be useful and why may it be dangerous to rely on single point forecasts? What techniques can you use to overcome the problems of such forecasts? How do you decide what technique is most appropriate to use? Every business decision entails risk dangerous! A single point only ever tells us what the average Of two cases is, never what happens between the two cases! Example answer for this part: These numbers are based on the average scenario which is not necessarily representative of the true value (argue why could over- or underestimate). Furthermore, they do not tell us anything about the risk.Technique: scenario analysis or simulation 2. Explain in your own words how Monte Carlo Simulation could be useful to a decision maker Evaluate different possible outcomes Averages, understand the risk, test your intuition 3. Explain how the simulation process works to produce results that are useful to a decision maker Example answer: This is different from the E,250 that Carolina's predecessor estimated because the original estimate was made using only single-value estimates for each of the variables.However, by using a Monte Carlo simulation that allows for a range of possible values (with a triangular distribution to account for the higher likelihood of the values Of 5% and 20% for economy and business, respectively). This means that, based on 1 ,OHO ite rations of possible combinations for each of the variables as per the arranging definition of the potential values for each variable under each iteration, the mean of the cost is E 10,277. 4. A friend of yours has just learned about simulation methods and has asked you to conduct a complicated risk analysis to help her making a choice. She said she would be happy to let you solve the problem and then recommend what action she should take. Explain why she needs to be involved in the analysis and modeling process and what kind of information you need from her.Risk analysis requires information about the characteristics of a particular uncertainty (e. G. Shape of probability striation function, range of likely values etc) 5. A simulation model has produced the following three risk profiles displayed below. What advice would you give to the decision maker on the basis of this output? Choice depends on risk attitude, personal wealth, importance of project success and cost of investment a lternative. Alternative C has the highest associated payoff. However, range of possible payoffs is quite large. The steeper the shape of the probability distribution function, the smaller the range of possible expected payoffs (look at standard deviation of outcomes).Consider 5% confidence interval of most likely payoffs. Alternative A has quite a big confidence interval with relatively flat slope at the edges. Look at intersection of B and C and argue which one is less risky. 6. Your boss has asked you to work up a simulation model to examine the uncertainty regarding the success or failure of five different investment projects. He provides probabilities for the success of each project individually (numbers given). Because the projects are run by people in different segments of their investment market, you both agree that it would be reasonable to believe that, given these probabilities, he outcomes of the projects are independent.He points out, however, that he really is not fully confident in these probabilities and that they could be off by as much as 0. 05 in either direction on any given probability. (a) How can you incorporate this uncertainty about the probabilities in the simulation model? Use normal distributions for each project with Sd= 0. 05 (b) Now suppose he changes probability to include ranges. How can you update your simulation model to take this additional information into account? Update probability distributions – triangle, discrete, uniform, normal Example answer: He should use historical data and his expert judgment to estimate the distribution of inputs. He should apply a normal distribution if the different values are independent of each other.Example for normal distribution argument: However, since the number of high quality applications is the sum of the individual decisions â€Å"whether or not to apply/' of a substantial amount of high caliber young professionals, and since this decision is taken by each potential applicant to a large extend independently of each other, the normal distribution with mean 630 seems reasonable. Moreover, given the potential range of high quality applications is between 51 0 and 750, a standard deviation of 60 seems reasonable; that is, the range of 240 students corresponds to 4 standard deviations. Since the proportion of offers accepted is again the sum of many individual decisions, the normal distribution with mean 58% and standard deviation of 2% might be reasonable. 7. Interpret the following risk analysis result tables ask at: Minimum, expected, maximum, P(loss) = x % (downside risk), P(> X) = Y% (upside potential) 8. Interpret sensitivity analysis Describe how output variable is sensitive to given assumptions/parameters.Describe how output variable minimizes and maximizes with the different scenarios; what is the upside potential and downside risk Example answer: The total cost decreases by El ,800 for each 5% increase in the business class no-show rate from 15% to 20% (at which point it is minimized), but then increases by E,700 per percentage point increase from 20% to 30%. The rate Of increase is consistent regardless of the rate of economy no-show. (could include more insights!!! ) The two-way sensitivity table and the accompanying chart show us that in the lower ranges of the possible no-show rates, the total cost is sensitive to both variables in fairly similar proportion, until the optimum combination (I. E. The minimized cost) is reached at 5% economy and 20% business. After this inflection point, the total cost becomes much more sensitive to changes in the business class no-show rate. 9.Describe, compare and explain the shape of a distribution. Risk profile: probability of making a loss vs. a profit Minimum versus maximum Variance Size of 90% confidence interval around the mean Expected return mean average) Include arguments why distributions might differ with different scenarios 1 0) Make recommendation based on the results. Will us ually be trade-off between high risk for higher return on average and lower risk for lower return on average Include risk profiles, probabilities, maximum and minimum numbers†¦ Example answer: The policy that we have recommended is better than the others, because it has the lowest average total cost.Furthermore, the 95% confidence interval has the narrowest range of possible values, as well as the lowest probability that costs will exceed El 7,000. However, even though our recommended policy is better overall, it is not necessarily going to be the best on each individual flight. However, this doses t matter since the average cost is the single most important criterion when choosing a policy because you have 365 * 4 flights per year. One additional insight you could generate is the simulated cost difference between the current and suggested policies. The new policy is worse than the original policy 6% of the times. 1 1) What can be further done to improve profitability and manag e the risks involved?
Thursday, November 7, 2019
How to Answer the Whats Your Perfect Day Interview Question
How to Answer the Whats Your Perfect Day Interview Question Recently, it came out that Facebook’s head recruiter’s favorite interview question to ask is more like a personal essay question. â€Å"On your very best day at work- the day you come home and think you have the best job in the world- what did you do that day?†Now that this is making the viral rounds, don’t be surprised to hear it in your non-Facebook interviews as well. Here are some tips for breaking the question down and being ready to pounce on it. If you have a upcoming job interview, make sure to go over these 10 toughest interview questions.DO understand what the question is probing.This is a test to see what you value and prioritize in your work life. Your perfect workday is what you want to achieve- just on a more micro level than the ol’ â€Å"Where do you see yourself in five years?†question.DON’T take it literally.Don’t take the interviewer through your teeth-brushing, your miraculously easy commute, your cappuccin o waiting on your desk when you get to the office. Consider it more of a highlight reel of the best moments of that ideal day.DO tailor your answer to this job.This isn’t the place to debut your fantasy career as a tennis pro. If the job you’re interviewing for includes managing a team, talk about how the day includes productive meetings with your squad (leadership skills). If you’ll be in a marketing role, talk about how the day would include a breakthrough by using a new form of digital media (tech-savvy skills and being results oriented). This question is a great way to wave your passion points in with the skills you want to emphasize in the interview.DON’T make a joke out of it.This is a legitimate question, and the interviewer wants a sincere answer. It might be tempting to say that your perfect day involves skipping work and sipping fruity drinks poolside. Resist that urge.DO include specifics.You can use your own professional goals to creat e specific scenarios that would make you feel fulfilled. But again- make sure this matches up to the job description. If you have a particular goal, especially one that aligns with the job for which you’re interviewing, work that in here.DON’T spin an epic story.Keep it brief, like 2-3 points. Hint: if you start including characters with backstory, you’ve gone too far. Never forget that you’re in a job interview, not a casual conversation.DO be authentic.If you’re passionate about an aspect of your career, here is an excellent chance to gush about it. The interviewer is trying to gauge your personal relationship to your job, and this question is an opportunity to show how connected and committed you can be.As interview questions go, this one is actually a pretty useful one to consider for your general career goals. Long before you step into any interview, you should know what makes you tick, professionally. And being able to focus in on that in an interview will make you a stronger, more confident candidate.
Monday, November 4, 2019
Organizational Communication Unit 4 Essay Example | Topics and Well Written Essays - 1000 words
Organizational Communication Unit 4 - Essay Example Perhaps the most fundamental of these is organizational culture†(National Defence University) Organizational communication and culture has definite relationships. It is easy to understand the communication processes in an organization if the organizational culture analyzed properly. Organizational communication is meant for the improvement of organizational life and its output. â€Å"Research in social psychology has demonstrated that people often act out the roles in which they are placed. Various types of symbols elicit this behaviour. Many difficult and abstract issues in organizations are shrouded in discussions of dress codes, employment and product advertising, annual reports, logos, titles, or other organizational symbols†(Rafaeli & Worline) All the above organizational symbols are directly or indirectly revealing the organizational culture. Apart from the parameters mentioned above, location of various offices of different authority levels, display items both i n and outside the organizations, space allocations for different entities of organization, different methods employed for communication, the tone of the languages used in employee communications - all have definite relationships with the organizational culture. Space management or space allocation is important for an organization since effective management of the organizational activities can be accomplished through the judicious utilization of space. I have worked in a tire manufacturing unit for about 5 years and have a better idea about the functioning of this organization with respect to organizational culture and communication. This organization has three separate divisions for the tire manufacturing plant. Division A was meant for the mixing purpose, Division B for the green tire building and Division C for curing process. Each division has lot of machineries and
Saturday, November 2, 2019
Resaerch Research Paper Example | Topics and Well Written Essays - 500 words
Resaerch - Research Paper Example The 20 factors include instructions to the worker, training, integration with the business; control of assistants, continuing relationship, the set of hours a worker is required to work and the requirement of full time. The performance of the work on the employer’s premises, sequence or order of work, the requirement of reports, mode of payment including expenses, provision of tools and equipment, the level of investment and realization of profits and losses are also included in the 20 factor test. Additionally, the ability to work for more than one entity, the provision of services to the general public as well as the right to discharge and terminate the relationship also assist in the distinction (Steingold 68). A lawyer, for example, does not have to comply with instructions from the employer about where to work and how the work is to be done. The training of a lawyer is not conducted by the employer, but undertaken as a personal initiative. The services of a lawyer are not integrated into the employers business and these services are not necessarily rendered by the lawyer and can be delegated to another individual. The employment, supervision and remuneration of assistants employed by the lawyers are not controlled by the employer but by the lawyer. There is no continuing relationship between a lawyer and the employer and neither are there set working hours nor the requirement to work full time. The location of work is also the choice of the lawyer so is the order of the work to be done. The lawyer is not required to provide reports to the employer and payment is not done periodically, but rather on the terms of the contract. A lawyer can also work for more than one individual and can pro vide his or her services to the general public. A lawyer cannot be dismissed on other issues except nonperformance and where the lawyer decides to terminate the relationship at any time before the performance he is likely to incur a liability. According
Subscribe to:
Posts (Atom)