The American Disability Act, ADA

Acquaintance According with the American Disability Act, ADA is a demonstration which depends on the reason that a business who has at least 15 workers guarantees that they give sensible convenience to those representatives or people who have disabilities.Advertising We will compose a custom contextual analysis test on The American Disability Act, ADA explicitly for you for just $16.05 $11/page Learn More However, this is except if those incapacities would be esteemed to realize or cause undue difficulty. Basically, sensible settlement is a change that follows changes in the workplace which is generally planned for helping an individual who has got incapacities to fit in. Case One According to the ADA, a business must guarantee that the sensible settlement courses of action are made for the worker with inabilities. This ought to guarantee that the worker can be in a place of doing the basic elements of the activity. Along these lines, if a business is in a place of altering the jobâ €™s necessity structure or structure which will cause the business saw difficulties and simultaneously guarantee that a worker who has got inabilities to work, at that point it is fundamental that the difference in the activity ought to be made. For this situation, Hand meets the legitimate meaning of a certified person who has a handicap. This is on the grounds that he can't have the option to complete a few errands inside the expected set of responsibilities on account of the overall conditions as to his wellbeing condition. As indicated by the ADA, the business ought to be in a situation to guarantee that he makes conditions or open doors for representatives like Hand to work. This infers it is the obligation of the business to make such conditions. Case two The LMRA is a shortened form which represents Labor Management Relations Act. This is a government law which controls the sort of relationship that exists between the businesses and the representatives or the laborers. Th is law looks to bring a harmony between the regarding rights and needs bosses and workers. This is especially in accordance with compensation, issues to do with aggregate haggling and the working states of the representatives. The release from obligation of Dale and Brady was an infringement of segment 8(a) (1) and (3) of the LMRA. This is on the grounds that the release was coordinated towards the impedance and limitation which was coordinated against aggregate action. Likewise, the activity taken by their manager was oppressive in nature since it endeavored to dishearten any type of help for the aggregate arrangement of a union.Advertising Looking for contextual analysis on business corporate law? How about we check whether we can support you! Get your first paper with 15% OFF Learn More Essentially, rather than the business looking to sack the representatives, it ought to have tried to explain the remain of the administration concerning the issues which were being raised by Dale and Brady. This would have come about into a typical understanding considering the subject which was close by. The choice by JTI to grant just 50% of the security reward cash accessible to its truck drivers was unlawful. This is on the grounds that it was a choice which was shown up at without taking into contemplations the interests of the laborers. The laborers were not counseled in this way the move may be viewed as authoritarian and non popularity based. References Holley, W., Kenneth, J., Roger, W. (2011). The Labor Relations Process. California: Cengage Learning. Wolters, R., William, H. (1988). Work relations:an experiential and case approach. New York: Dryden Press. This contextual investigation on The American Disability Act, ADA was composed and put together by client Amanda Roach to help you with your own investigations. You are allowed to utilize it for examination and reference purposes so as to compose your own paper; in any case, you should refer to it as needs be. You can give your paper here.

The Asian Financial Crises Essay Example | Topics and Well Written Essays - 1750 words - 1

The Asian Financial Crises - Essay Example The outcome was an a lot further Crisis than was important or unavoidable ( Radelet and Sachs, 1998, p 12). † Asian money related emergencies prompted the improvement of innovation or brain research. Additionally, the accessibility of credit prompted the production of an utilized financial condition and prompted increments in the costs of resources for a level which the Asian nations couldn't continue. The expansion in resource costs, finally, crumbled, causing organizations and people to neglect to meet their obligation commitments. On the off chance that it couldn't be for the crumbling of the organizations and associations, the Asian nations would be a long ways ahead with improvements. The withdrawal of credits by the loan specialists likewise assumed a significant job being developed in Asian nations. The legislature of these nations needed to execute new systems that would not prompt declining of the ways of life of the individuals. They tried to get from the IMF and to discount at a specific intrigue. Also, the trade markets were overwhelmed with outside monetary forms, subsequently deterioration on their monetary standards. So as to forestall loss of estimation of their monetary forms, the Asian nation's administration raised their loan costs with the goal that they could pull in outside financial specialists. These administrations additionally mediated in the trade showcases by purchasing the abundance monetary standards in the market at a fixed rate however neither of every one of these approaches was continued for long. Without the frenzy and virus, the Asian nations were so steady and they were to be among the main created nations on the planet. ‘‘ indeed, a socially nonsensical reaction as in, without the frenzy, the circumstance was sensibly steady - the obligation could have been reimbursed on conceivable presumptions about the financial presentation of organizations, banks, and economies (Wade, 1998, p 2). †

8 Things You Should Know About Cryptocurrency Taxes

8 Things You Should Know About Cryptocurrency Taxes Are you a cryptocurrency investor?Have you experienced huge profits or losses from the spikes in crypto prices?Whether celebrating the profits or mourning the losses, you’ve probably come to terms with the volatile nature of cryptocurrency prices.Since 2009 when Bitcoin came into existence, the world has been eagerly waiting for it to replace fiat money.But with the kind of instability it shows in prices, that may not be happening any time soon.One thing that can however happen very soon, is you finding yourself on the wrong side of the law.The IRS is not waiting for fiat money to be replaced before charging you taxes. It is already demanding that you pay up what you owe.If you are like many Americans, you probably don’t know that you’re supposed to be paying taxes on your coins.Or maybe you know about it but like many others, aren’t sure how to go about it.We have written this for you. A brief guide on what to keep in mind when transacting using your crypto coins.QUICK FACTS ABOUT CRYPTOCURRENCY TAXESThe IRS has provided some guidelines to be followed for tax filing purposes.However, it’s important to note that those guidelines may not be fully comprehensive.This is because the crypto world is still an innovation on the move.The basics are all done. The blockchain technology is well established and is even being utilized in established institutions like banks. These are called private blockchain.But cryptocurrencies are looking to replace fiat money as the primary medium of exchange. For that reason, there is still more that has to be achieved.Some of the pending issues revolve around security, privacy and regulation.Focusing on taxation, here are 8 things to help you quickly get a grasp of crypto taxes.1. Cryptocurrency is treated as property, not currency.This can be a bit confusing.You use Bitcoin, Ethereum and the others for buying, right? Doesn’t that make them currency?Well, you may think so. And certainly you’re rightâ€"at east to some deg ree.The IRS however sees it slightly differently.For tax purposes, your crypto collection is an asset. More specifically, it is property.This becomes clear when you consider how crypto transactions are done.If you go through the transactions step by step, you will see how the IRS came to this conclusion.What happens when you invest in cryptocurrencies?As an investor, you buy the coins of your choice and hold on to them for a while.This may be several days, weeks, months or even years. It all depends on the investment period you decide to hold.But as a typical investment, what happens to the price of the coins you have?It is either going up or down.If you bought a home for selling after a year or two, what would happen to its price?It would either go up or down.See the connection?This is the very idea behind your investment. You buy so you can sell later at a profit. In some cases, you may experience a loss.Either way, it is the nature of any form of property you invest in. And this is how the IRS sees it.The appreciation and depreciation in value of coins is what makes them be considered as property.2. You’re only taxed for selling crypto, not buying.If cryptocurrency is property, then what transactions get taxed?It might be comforting to know that you will not be taxed for buying cryptocurrencies. As good as that is, it is not however a move by the IRS to be lenient with you.This is informed by the above principle that cryptocurrency is property.When you buy property, you are basically making an acquisition. You do not stand to make any benefit. If you did, then you would be taxed for it.Think of it this way: when you spend, you are kind of losing, but when you gain, you are increasing your wealth. That gain which you’re making is what taxation targets.Consider the purchase of a physical product.Phone purchase exampleWhen you buy a new phone, you have given part of your wealth to someone else. The retailer is the one gaining because he is making a profit. He is gaining from the transaction. As such, he is taxed for that.You, on the other hand, paid a higher price due to taxation but aren’t directly taxed for the purchase. You will not be filing any taxes for the purchase. The retailer is the one who will be doing that.The same principle applies when buying cryptocurrency.The acquisition is not necessarily a gain because a gain can only be achieved after a sale.The cryptocurrency exchange from where you buy your coins is the one which will be expected to file for taxes. Breaking down a cryptocurrency saleTo better understand this, let’s look at the step-by-step process of a coin sale. Comparing it to a purchase, you see why the sale is what is taxed and not the purchase.To begin with, keep in mind that the IRS deals with US dollars. It does not deal with cryptocurrencies directly.For that reason, the acquisition of US dollars is what grabs its attention.Coffee buying exampleWant to buy coffee from a restaurant which accepts crypt ocurrencies for payment? Just note that you will be liable to taxation if you pay using your coins.Believe it or not, you are gaining from the purchase of the coffee.Here’s how the transaction happens.Although you are only buying coffee, you are actually making two different transactions. And this is where some people get confused.The first transaction is the selling of your coins for an equivalent value of US dollars. The second transaction is using the USD to purchase coffee.You will be taxed for the first transaction while the shop gets taxed for the second. You stand to gain from the first transaction while the shop stands to gain from the second.Makes sense?You see, in the first transaction, you increase your wealth by gaining US dollars.This is money you did not have. You sold your coins so as to get the cash.Whether you get a profit from this particular sale or not, it’s a transaction which you’ll have to consider when filing your taxes.Another way of looking at it is b y going back to the aspect of cryptocurrency being property.When property is sold, you either make a profit or a loss. This is called capital gains or capital loss. This is the basis of your transaction being taxed.Therefore, as you sell your coin property, remember that there are taxes waiting to be filed.3. Payment from employer or client is taxable income.But if you thought that not being warmly embraced makes cryptocurrencies a tax-free option for your salary, then this is for you.The government hasn’t fully embraced cryptocurrencies due to their decentralized nature.More than that, cryptocurrencies aim at avoiding central controlâ€"even doing away with it completely.This is not an easy thing for governments to allow.However, that doesn’t mean you can make extra dollars by not being taxed the same way your colleagues are. Just as they are taxed on their income, so will you.If your employer decides to pay you using any of the cryptocurrencies, he is supposed to withhold the a ppropriate income tax.If you are working for a cryptocurrency company, you might be receiving your income in the form of cryptocurrencies. Such companies may be exchanges, analysts, advisors etc.In this case, just as though you were being paid in USD, your income is taxable. So you should file your taxes accordingly.4. Payment from mining is taxable income.Are you a cryptocurrency miner? Wondering if you are tax exempt?Wonder no more. The IRS made sure they caught you when they cast their net. As you will see by the time you finish reading this article, the net was cast really far and wide.It is obvious that crypto mining is an income-generating activity. In fact, to be fair, it is a serious venture.Setting up a crypto mining environment is akin to setting up a factory. The kind that uses up a lot of electricity.Take a look at the below chart showing the energy consumption of Bitcoin mining. The coin’s mining has been estimated to cost more power than that of 12 US states.The stat es are Alaska, Hawaii, Idaho, Maine, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Dakota, Vermont and Wyoming. Source: DigiconomistIs it a wonder then that a government may want to tax an activity which uses up such amounts of power?Keep in mind that there is need to generate and supply more power. Population growth also adds to this need.With that kind of power consumption, the needs for a mining rig are totally different from those of a normal computer user.Mining takes several forms and all of them are deemed taxable income.1. When mining your own coins â€" if you are a miner, congratulations and all the best. For your heavy investment, we hope you get the returns you expect. Since you get your rewards in the form of the coins your platform produces, you should pay taxes on their value.2. When mining for an employer â€" if you are employed as a miner, you most likely get paid in the crypto whose platform you are working in.Your employer may even be paying you using a different coin. For example, you might be mining Litecoin but getting paid in Ethereum. Or vice versa.Either way, the crypto currency in which you receive your payment is taxable.3. When mining for a third party â€" if you are doing it for someone else but not as an employee, your pay is still taxable. Essentially, you are a contractor and the person you’re mining for is your client.When you get paid, the same rules for income tax apply.Check out the below video to see what a mining environment looks like. 5. Tax reporting is done in US dollars.All the tax reporting you will do for your crypto transactions is done in US dollars.There is no way, at least not yet as of now, that the IRS will use cryptocurrency values for taxation purposes.The volatility is too high for dependability in value.How do you know what value to use when filing for taxes?Because of the high volatility, this is a major issue for many who are filing taxes. The answer is quite simple thoughâ€"in theory. In practice, it can prove a nightmare. Especially if you have many transactions.You determine the right value for taxation by consi dering the USD value at the time of the transaction.If you’re reading this and you’ve never done any transactions, then you’re fortunate. All you have to do is keep a record of every transaction you do.If the receipts you receive don’t show you the USD rate, then just note it yourself then keep the receipts.Here is an example of a receipt showing the exchange rate. This is from an Athena Bitcoin ATM. Source: Athena BitcoinIf the merchant’s receipt has the rate, then your work has been made easier. Keep it safe.If you are reading this and have been transacting for some time, then you have to remember as many transactions as possible.If they are many, you may not remember them all. Just do your best and the IRS will be okay with that. At least that’s all you can do for now.Moving forward, the laws and requirements might be changing to better cover all grounds. Also, while in search of your transaction details, you can check with your exchange.They might be able to help you track down some transactions.With the transaction dates, you can easily check the history of the coins versus the USD and update your records.6. Non-filing or wrongful filing can result in penalties.As at now, the IRS doesn’t have a real way of nabbing tax evaders who make use of cryptocurrencies.But that should not make you sit easy thinking you can live without them knowing about your income sources.In 20 17, the IRS was in court seeking identifying records for some crypto traders using Coinbase. The court ruled in favor of the IRS.The IRS should have records of users who had bought, sold, sent, or received more than $20,000 per year between 2013 and 2015.As you think of tax filing, keep in mind that it’s not a guarantee the IRS can’t find you out.Filing your taxes wrongly can also cause problems. It can be seen as intentional. Non-filing on the other hand is definitely intentional. Can you escape a charge against such?A conviction can bring about a 5-year jail term and or a maximum of $250,000 in penalties.Therefore, it is important to cultivate the habit of filing your taxes just as though you were being paid in fiat money.This way, when the noose gets tightened, you will have nothing to worry about.7. Giving cryptocurrencies as a gift isn’t taxable.Are you feeling generous? Or are you always philanthropic?There is good news for you. You don’t need to reduce your level of g iving.Whether you are giving to charity or to individuals like friend or family, giving in crypto is tax-free.Whatever you give in crypto form is not going to be taxed. And this is not a relief to you only. The receiver of the gift, the donee, if it’s a donation, will also not be taxed.This is one of the exceptions the IRS provides to facilitate smooth flow of property between people. There is a caveat though.There is a maximum amount which you should stay within if giving tax free.Every year, the IRS determines this maximum so as to give direction to those wishing to make donations. As long as you are within this limit, you are good to go. Any gift above it requires you to file a gift tax return.For 2019, that limit is $15,000.8. Crypto-crypto exchange is taxable.What about when you merely exchange one coin for another?For example, you may be having Ethereum coins but want Bitcoin. You are not making any sale of your coins but just exchanging them for another type. Should this be taxed?Remember the coffee buying example we looked at? A similar thing is happening here.If you are exchanging one coin for another, there are two transactions taking place.You are first of all selling your coin then buying another using the proceeds of the sale. Whether you make a gain or a loss on the sale is something else. But the fact is that you first sell, then buy.On the basis of that sale, you will have to pay tax.You will need to check the amount received from the sale and compare it to the cost basis.The cost basis is the amount you spent to acquire the crypto you just sold.If you have made a profit, then you file for capital gains. If a loss, then capital losses.CONCLUSIONOne thing that stands out in all of these is that cryptocurrencies are treated as property.In fact, remembering that alone can help you remember all other things which need to be kept in mind.

Carry Trades And The Financial Crisis - 1364 Words

Florencio Ortega Research Paper Carry Trades The Financial Crisis In finance a carry trade is a strategy that consists of borrowing at a low interest rate currency to fund investment in higher yielding currencies. (Moffett) The country in which the investors borrow from is called the funding country and the country where the investment occurs is called the target country. (4) Carry trade is also termed currency carry trade; this strategy is speculative in that the currency risk is present and not managed or hedged. (Moffett) Although there are several complicated carry trades in finance, the most popular are carry trades in the foreign exchange market, which I will discuss in this paper and its role in the financial crisis of 2008. This strategy is executed by using the following the next steps: An investor will first identify a high and low interest rate currency with a significant spread where they believe there is an arbitrage opportunity. Then he/she would borrow in the lower interest rate currency and convert the amount received from the loan into a different currency, one with a higher interest rate. Next, the investor will reinvest this new amount into the bonds of the country with the higher interest rate. (Khan) Based on the returns (interest) of the bonds they will use those funds to repay the amount borrowed. Finally the amount left over after paying the original debt will become the investor’s profit. While this strategy seems simple in theory, in realityShow MoreRelatedFinance : Finance A Carry Trade1144 Words   |  5 PagesIn finance a carry trade is a strategy that consists of borrowing at a low interest rate currency to fund investment in higher yielding currencies. (Moffett) The country in which the investors borrow from is called the funding country and the country where the investment occurs is called the target country. 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Post Traumatic Stress Disorder Will Help Finally Come...

PTSD (Post Traumatic Stress Disorder) has always been an issue especially with those that have experienced sexual assault, a traumatic accident or injury, being a prisoner of war, or participated in combat. Sadly, ever since the Iraq war, PTSD has been becoming even more widespread. Soldiers have been diagnosed with chronic PTSD and the medication has not been helping. PTSD causes a variety types of symptoms including: flashbacks, nightmares, recurring visual images of the traumatic experience, negative mood, avoiding situations that can cause a flashback, feeling disconnected from other people, being easily started, insomnia, and poor concentration. PTSD affects approximately 8 percent of all Americans at some point in their life, and 30%†¦show more content†¦In the late 2000s the Multidisciplinary Association for Psychedelic Studies, MAPS, received permission from the FDA to run their own MDMA-assisted therapy trials. The results were so incredible that it became the most downloaded article in 2010. Even though patients and data support the use of MDMA-assisted therapy, there is still opposition. A previous MAPS attempt at trials is seen in the article â€Å"MDMA-Assisted Psychotherapy Using Low Doses in a Small Sample of Women with Chronic Posttraumatic Stress Disorder† which specifically states â€Å"political pressures led to the closing of the study before it could be finished† (Buoso 1.) It was extremely devastating because nothing went wrong, and they had very promising data. It is hard to believe that people with power felt threatened enough by the research to force the trials to end. With a growing PTSD epidemic in America, I feel that MDMA-assisted therapy is extremely promising and the side effects are nowhere near as bad as the present medication used to treat disorder. Some psychologists secretly practice MDMA-assisted therapy on patients even though it is extremely illegal. 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The stress that Will Hunting endured in his childhood could have caused him severalRead More Post Traumatic Stress Disorder Symptoms and Treatment Essay1416 Words   |  6 PagesIn 1980, the term Post Traumatic Stress Disorder (PTSD) first came into existence in the Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III). Only in 1987 did the DSM series make reference to traumatized children. The first major studies of the effects of large traumas on children were Blochs 1956 study of the effect of a tornado in Mississippi, Laceys 1972 study of the effects of an avalanche on a Welsh school, Newmans 1976 work on the Buffalo Creek disaster and Terrs

Assessing the Impact of Using Internet for Competitive Intelligence Free Essays

Assessing the impact of using Internet for competitive intelligence Here is the summary of an interesting scientific paper dealing with the impact of using the Internet for competitive intelligence. The Internet, as an information-rich resource and interorganizational communication tool, has transformed the way that firms gather, produce and transmit competitive intelligence (CI). The aim of this article is to assess the impact of the Internet on CI and the subsequent effects on the organization. We will write a custom essay sample on Assessing the Impact of Using Internet for Competitive Intelligence or any similar topic only for you Order Now What is CI? It is a process of knowing what the competition is up to and staying one step ahead of it, by gathering information about competitors and ideally, applying this information in short- and long-term strategic planning. It refers to actionable information about the external business environment that could affect a company’s competitive position. CI is not industrial espionage given that 90% of all information that a company needs to make critical decisions and to understand its market and competitors is already public or can be systematically developed from public data. The growth of the Internet has led to CI professionals exploiting its information richness and hypermedia capabilities for CI activities. By using the Internet, a company can monitor the presence, posture, products, and prices of other players in its industry. It can track the views of customers and seek out new ideas and expertise internationally. Model : they examine the downstream effects of using the Internet (for research, internal and external use) on quality of CI information and its subsequent effects on organizational performance. Concretely, the model could be summarized as followed: Research + Internal Use + External Use Quality of CI information Impact on organization The first three components symbolized the Internet Usage. Results and implications The results of this study indicate that using the Internet has a positive impact on the quality of CI information. There is a positive relationship between usage of CI information and organizational performance. It shows that the improved quality of CI information through Internet usage has a positive impact on organization. The results suggest that there is a direct positive link between usage of the Internet (for research, internal or external purpose) and the quality of CI information, and a positive downstream impact on the organizations’ strategic benefits. Although there may be some concerns about the reliability and timeless of information published on the Internet, there is little doubt that it is one of the most cost-effective means of obtaining information. However, data must be transformed into knowledge and order has to be created from the chaos of the Internet. The information overload from the Internet also makes focused research difficult but ‘intelligent agents’ have to be developed to automate and alleviate the CI professional’s information gathering workload. My opinion: This paper has been written in 2001, which means a very long time ago when we are talking about the Internet and its information storage capabilities. Do you think this paper is no longer suitable for the current situation we are experiencing (empowerment of the customers through social medias, increased access to the Internet, hackers and so on) ? Moreover, they say that the ‘intelligent agents’ have to learn how to scan the information to find the relevant one and that it’s the most cost-effective means of obtaining information, do you think this notion is still true or must be nuanced ? Bron: â€Å"Assessing the impact of using Internet for competitive intelligence† Thompson S. H. Teo Wing Yee Choo Information Management 39 (2001) 67-83 http://www. cuaed. unam. mx/puel_cursos/cursos/d_gcfe_m_tres/modulo/modulo_3/m3-4. pdf How to cite Assessing the Impact of Using Internet for Competitive Intelligence, Essay examples

Recognition Scheme and Leadership Approach

Question: Discuss about the Recognition Scheme and Leadership Approach. Answer: Introduction: The aim of the study to focus on the Human Resource Management theories and models related to employee attraction and retention along with career progression, remuneration and reward. The purpose of the study is to explore the effectiveness of the HRM practices in the present dynamic business environment. This particular study is based on the case study of retaining talent with salary packaging by McDonald and the Spastic Centre. In order to carry out the study, a secondary research based on a number of HRM theories and models will be done. Discussion on the recognition scheme that supports McDonald's culture and attracts future leaders As evident from the case study, salary packaging plays an effective role in attraction and retention strategies of the employees. A number of other means of rewarding and retention process has also been mentioned in the case study. It has been found that the most popular means of salary packages include vehicle benefits, providing laptops or PDAs. This type of payment scheme has been evident in Spastic Centre. The employees only had to pay $1 a week to avail the scheme related to food outlets and other life necessities (Brown Capozza, 2016). However, an important thing has to be mentioned here that Spastic Centre is a non-profitable organization and keeping the same perspective in mind, the organization does not aim at increasing their profit. On the other hand, if the situation of McDonalds is considered, it has to be said that it is a profit making organization, thus, it has to think of various ways to compete with the other competitors of the market. The Organizational culture at McDonalds has provided unique pay and reward recognition scheme that has helped to motivate the employees of the organization. The Reading Lovewell-Tuck, (2013), it was understood that the fast food restaurant has always successfully managed to motivate the employees and engage them into the organizational activities. This has even boosted the productivity and performance of the organization. As commented by Wery and Thomson, (2013), this reward and recognition scheme falls under the organizational strategies of McDonalds. In fact, the reward programs aligned to the organizational strategy won the award for Employee Benefits Award and since then the strategy never lost its focus (Malik, Butt Choi, 2015). There was an increase in the sales of the products of McDonalds and thus, the motivating strategies can be easily considered as the important tool for the future managers as well to learn from. The management has always focused on making the work place resonate for the employees to work for the particular organization (Grbz, ?ahin Kksal, 2014). Organizational culture at McDonalds supports the goals and objectives of the Organization. Being the biggest fast food restaurant, the Organizational culture has to be designed in a way to attract more customers and eligible employees (Lawter, Kopelman Prottas, 2015). In the same manner, the organizational and the work culture at McDonalds is designed to encourage a learning process. The incentives and the other motivating factors reflect the effectiveness of the firms ability to achieve the desired level of human resource capabilities and excellence. Certain characteristics of the culture at McDonalds can be mentioned here. As mentioned by Crawford, (2015), the culture at McDonalds emphasizes human efficiency and human resource development. The management prioritize towards people-centricity, individual and organizational learning along with diversity and inclusion among the employees of the organization. The organizational culture at McDonalds has enabled the Organization to take advantage of the human resource and improve their quality as well by individual learning as well as organizational learning process (Faisal Ahammad et al., 2015). Therefore, it can be easily considered as the most effective and meaningful success factor in the business of McDonalds. From the above analysis and understanding, it can be easily said that the motivating factors that are used by McDonalds are definitely the best motivating schemes for the employees. Moreover, as known from the case study, the managing directors themselves had worked for the Organization since the time, they were young (Joseph Zacharia, 2013). Thus, they have the knowledge about the culture and the working of the Organization. Futures leaders definitely have true identification of rewarding and motivating employees. Discussion on theory (ies) that would support McDonald's recognition scheme. If the case study of McDonalds is considered, it has to be said that the management of McDonalds focuses on motivating the employees and increase productivity of the employees as much as possible. Therefore, motivational theories can be applied in this respect. Some of the employee motivational theories can be discussed in this respect. Expectancy theory: The Vrooms expectancy model proposes that an individual acts or behaves in a way they are motivated. Therefore, it is important to understand the specific behavior of a person that could determine the desirability of the outcome of the motivational factor. In this matter, Joseph and Zacharia, (2013) commented that understanding the behavior by the means of cognitive process produces desirable outcome. The motivational elements differ from person to person and thus, the outcome cannot be considered as the sole factor for determining the decision on behavior of an individual. Motivation is instrumentally important for achieving better result in terms of performance of an individual and the desirability of achieving the result is known as the valance. As stated by Grachev and Rakitsky, (2013), the management of an organization is highly responsible for taking care of the needs and the motivational factors of the employees. Whatever is promised to the employees should be ensured to them. The management should understand the needs of the employees that might include training or supervising the employees. The perception of the employees towards the management should be clear enough that the employees stay motivated to work at the particular workplace (Aitken, 2014). Motivational approach made by the management of McDonalds has helped to motivate the employees largely. As it has been evident from the case study that apart from providing monetary incentives to the employees, the management also recognizes the employees based on their performance. Recognizing the employees by different titles like Employees of the Month encourages the employees largely and is an impactful motivational factor that future leaders can learn from. Taylors Scientific Management: The Scientific management theory of management analyzes and synthesizes the workflow in an organization. The main objective behind this theory is to improve the economic efficiency focusing on the labor productivity. This attempt was made to apply a number of scientific thinking into the productivity of the organization (Grachev Rakitsky, 2013). The analysis includes logical and rational approach towards the work in an organization. The theory mainly focuses on increasing the efficiency of the workforce by transforming the craft production into mass production. A transfer of knowledge among the employees of an Organization helps to meet standardization of best practices to protect the social status of the particular workers with particular skills and abilities (Aitken, 2014). The theory also focuses on the accomplishing the improvement of the organizational management by improving the productivity of the workplace. If the motivational factor undertaken by McDonalds is considered, it can be said that the management has been focusing on improving the skills of the employees and at the same time, always try to motivate the employees by providing some monetary benefits. Therefore, the motivational factors that are used by McDonalds have helped to motivate the employees greatly and the result can be easily seen from their productivity. Herzbergs Two Factor Theory: Herzbergs Two Factor Theory talks about the important factors that act as the root of motivational factor for the employees of an organization. The motivation-hygiene theory is consistently related to job satisfaction. Kim, Kim and Heo, (2015) pointed out a number of factors that motivate the employees of n organization. These factors are achievement, recognition, responsibility, advancement and growth. When these mentioned factors are completely fulfilled by the management of an organization, there remains a greater chance that the employees get motivated and they focus on improving the organizational productivity (Cerasoli, Nicklin Ford, 2014). In addition to this, there are a number of factors that creates dissatisfaction among the employees (Band et al., 2016). These factors are certain Company policies, the work condition, insufficient salary, poor security and others. Therefore, the management should focus on eliminating or improving the situation that would create dissatisfac tion among the employees of an organization (Olafsen et al.2015). It is when the employees of an organization finds job enlargement and enrichment along with certain level of empowerment, the motivation level increases and the organizational activities increases considerably. The motivational factors that are evident at McDonalds are based on the expectations of the employees. It has been observed that the employees of the Organization have been promoted to the managerial position as well. This is one of the most impactful motivational factors that the Organization had undertaken. As commented by Kim, Kim and Heo, (2015), when the eligible employees are recognized and they are included in making important decisions for the organization, the employees get highly motivated and they focus on the improvement of the organization as well. Therefore, it can be said that the Herzbergs Two Factor Theory can be rightly applicable to the motivational factors of McDonalds. Theory X and Theory Y: The Theory X and Theory Y model is another exceptional motivational theory that is used by major organizations to motivate their employees. The theory suggests that the management style of an organization is strongly influenced by the beliefs and assumptions of the employees. It has been assumed that employees automatically get motivated if they like the work and they get unmotivated if they do not like the work at all (Band et al., 2016). In case, if there remains an authoritarian approach in the management style, there remain lesser chances of acceptability among the employees. Theory X assumes that employees are less intelligent and that they can be made intelligent if they are trained well. The average workforce can be easily motivated to perform better by the application of a number of motivational factors. In this respect, Turan, (2015) commented that it is in fact suitable for the management as well to find out various ways to motivate the employees and increase the productivi ty of the organization. Theory Y talks about the internal organizational structure of an organization. As stated by Aitken, (2014), employees are the most efficient and effective resource of an organization and thus, they should be rewarded for their part of work in order to boost their morale. If the employees get motivated, there remains a greater chance that the organization will prosper. Assuming the factors of X and Y, it can be easily said that McDonalds motivational factors are inclined towards improving the condition of the employees and has resulted in creating a relationship between the employees and the management. The motivational schemes like performance based pay scheme or rewarding them with the right title and designation has resulted in motivating the employees which in turn has improved the organizational capability to a great extent (Dobre, 2013). The theories explained in this part of the paper helps to understand the importance of motivational factors in improving the productivity of an organization. It can be rightly said that incentives and monetary schemes are greatly recognized by McDonalds to motivate their employees. Therefore, it can be said that it is the motivational factors that has helped McDonalds to reach the mark where the Organization presently stands. Application of McDonald's approach to managing human resources in a not-for profit organization such as the Spastic Centre. Justification of the answer The motivational factors used by the non-profit organization Spastic Centre was based on salary packages. In addition to this, childcare centers, gym and food and drink packages were aloes included in the packages for the employees of the organization. The employees have to pay very less amount to avail the services of food packaging. On the other hand, the motivational and the recognition schemes of McDonalds are based on the profit earned by the Organization. If the situation of McDonalds is considered, it has to be said that it is a profit making organization and the Company also have to fight against the intense competition from other fast food retailers as well (Grachev Rakitsky, 2013). Customer servicing is one of the major criterion that they have to perform in order to boost their sales and dominate the market. As stated by Lawter, Kopelman and Prottas, (2015), for a non-profit organization, the managerial responsibility remains to reduce the costs and expenses of the organization because not much is gained from the business activities or operations. Therefore, coming up with certain motivational schemes that include huge expenses levied on the employees will automatically increase the expenses of the non-profit organization. This might result in high payoff for the particular organization. As commented by Grbz, ?ahin and Kksal, (2014), that one of the most important work from the managerial perspective is to minimize the cost of the particular agency and move towards better benefits and increase the profitability of the particular organization. In case, if the non-profit organization, Spastic Centre adopts the motivational techniques as adopted by McDonalds, there remains a greater chance that the Company has to suffer monetarily. In this respect, Wery and Thomson, (2013) commented that pe rformance based pay and behavior oriented schemes are important in an organization to follow in order to boost the performance of the employees in an organization. However, the application of the major attractive and motivation al schemes are largely depended on the type of organization and the needs of the organization (Graves, Sarkis Zhu, 2013). With the analysis, it can be said that for every organization, motivating the employees is indeed very important and it is only by the means of motivating the employees, there remains better chances of increasing the productivity of the organization (Grbz, ?ahin Kksal, (2014)). However, it has to be understood that there remains a huge difference between a profit and non-profit organization. As it has been evident that McDonalds business largely focuses on increasing its profit margin and thus, expenses made on the employees fall under needs of the organization but for a non-profit organization, including monetary expenses for motivating the employees is not feasible at all. Conclusion: A detailed analysis had been done on the understanding of motivational factors that an Organization undertakes to motivate the employees. The case study on McDonalds has been taken into consideration for understanding the important factors that motivate the employees of the Organization. A number of motivational theories have been discussed as well to understand the theoretical perspective of the motivational factors. It has been observed that McDonalds has been utilizing a number of motivational factors either by the means of providing incentives or by recognizing the employees. If the same situation is considered in case of a non-profit organization, it can be said that the motivational factors might differ because providing money to the employees might not be feasible for the particular organization. References: Aitken, H. G. (2014).Scientific Management in Action: Taylorism at Watertown Arsenal, 1908-1915. Princeton University Press. Band, G., Shah, N. V., Sriram, R., Appliances, E. (2016). Herzberg Two Factor Theory among the Management Faculty in Nagpur City. InInternational Conference on Management and Information Systems September(Vol. 23, p. 24). Brown, R., Capozza, D. (Eds.). (2016).Social identities: Motivational, emotional, cultural influences. Psychology Press. Cerasoli, C. P., Nicklin, J. M., Ford, M. T. (2014). Intrinsic motivation and extrinsic incentives jointly predict performance: A 40-year meta-analysis.Psychological bulletin,140(4), 980. Corporate.mcdonalds.com (2017) Pay Rewards Retrieved from: https://corporate.mcdonalds.com/mcd/corporate_careers/benefits/highlights_of_what_we_offer/pay_and_rewards.html [Accessed on: 2-2-2017] Crawford. R., (2015) McDonalds Restaurants puts motivation and reward at heart of business strategy Retrieved from: https://www.employeebenefits.co.uk/issues/june-2015/mcdonalds-restaurants-puts-motivation-and-reward-at-heart-of-business-strategy/ [Accessed on: 2-2-2017] Dobre, O. I. (2013). Employee motivation and organizational performance.Journal of Management and Socio-Economic, (1). Faisal Ahammad, M., Mook Lee, S., Malul, M., Shoham, A. (2015). Behavioral ambidexterity: The impact of incentive schemes on productivity, motivation, and performance of employees in commercial banks.Human Resource Management,54(S1), s45-s62. Grachev, M., Rakitsky, B. (2013). Historic horizons of Frederick Taylor's scientific management.Journal of Management History,19(4), 512-527. Graves, L. M., Sarkis, J., Zhu, Q. (2013). How transformational leadership and employee motivation combine to predict employee proenvironmental behaviors in China.Journal of Environmental Psychology,35, 81-91. Grbz, S., ?ahin, F., Kksal, O. (2014). Revisiting of Theory X and Y: A multilevel analysis of the effects of leaders managerial assumptions on followers attitudes.Management Decision,52(10), 1888-1906. Johnson, N. (2017). Assessing Theory X and Theory Y Assumptions in the Classroom: Are Student Objectives Aligned with Instructors Expectations?.2016 NCUR. Joseph, J., Zacharia, K. P. (2013). Automatic attendance management system using face recognition.International Journal Of Science and Research (IJSR), ISSN (Online), 2319-7064. Kim, B. N., Kim, S., Heo, C. Y. (2015). An application of Herzbergs two-factor theory on online hotel reviews Lawter, L., Kopelman, R. E., Prottas, D. J. (2015). McGregor's Theory X/Y and Job Performance: A Multilevel, Multi-source Analysis.Journal of Managerial Issues,27(1-4), 84. Lovewell-Tuck. D., (2013) McDonalds Restaurants built on motivation Retrieved from: https://www.employeebenefits.co.uk/issues/motivation-and-recognition-supplement-2013/mcdonalds-restaurants-built-on-motivation/ [Accessed on: 2-2-2017] Malik, M. A. R., Butt, A. N., Choi, J. N. (2015). Rewards and employee creative performance: Moderating effects of creative self?efficacy, reward importance, and locus of control.Journal of Organizational Behavior,36(1), 59-74. Olafsen, A. H., Halvari, H., Forest, J., Deci, E. L. (2015). Show them the money? The role of pay, managerial need support, and justice in a self?determination theory model of intrinsic work motivation.Scandinavian journal of psychology,56(4), 447-457. Park, S. C., Ryoo, S. Y. (2013). An empirical investigation of end-users switching toward cloud computing: A two factor theory perspective.Computers in Human Behavior,29(1), 160-170. Sajuyigbe, A. S., Olaoye, B. O., Adeyemi, M. A. (2013). Impact of Reward on Employees Performance in a Selected Manufacturing Companies in Ibadan, Oyo State, Nigeria.International Journal of Arts and Commerce,2(2), 1929-7106. Turan, H. (2015). Taylors Scientific Management Principles: Contemporary Issues in Personnel Selection Period.Journal of Economics, Business and Management,3(11), 1102-1105. Wery, J., Thomson, M. M. (2013). Motivational strategies to enhance effective learning in teaching struggling students.Support for Learning,28(3), 103-108

10 Mental Disorders You Can Get in College

10 Mental Disorders You Can Get in College If you’re not careful college will drive you nuts! Campus is a wild ravenous battlefield where futures are decided, lifelong friendships are fumbled and students make a lot of really stupid decisions. In this post we’re going to skinny-dip in the raw truth. Let’s check out 10 mental disorders you could easily develop before you walk the proverbial plank (graduate). 1) Depression Depression is one of the most common psychological issues in America today. According to the experts, almost every single student you see walking around on your first day as a freshmen is suffering from it to some degree. If you’re not careful it’ll rub off on you before the end of first semester English. The good news is that there are a few options which can easily cure this. Don’t major in anything that starts with P or S. Don’t make college an ego trip. Don’t shower in your bare feet. Don’t sleep around. 2) Social Anxiety Social pressure coming from every angle. Get good grades. Be awesome. Be reckless! Get laid. Get invited to parties. Be a college rock star†¦it’s unsustainable. You can’t be cosmically cool for long. And, for those that have no hope of being in the lime light (at least not yet), social anxiety can be a real bummer. Only compete with yourself. Your college experience is yours, not theirs. Take a breath, relax and sip your beer please. Unless you plan on being a professor, college is temporary. 3) Agoraphobia There’s freaking people everywhere all the time. The dorm’s as packed as the lectures, gyms, chow halls and bathrooms. College is seeping with humans! After a while it can wear on you. The world starts getting too crowded and begins to close in around you. Once you can no longer take a step outside without wearing a hoodie, you’ve got agoraphobia. Workout super early in the morning. Live off campus. Take night classes. Major in geography or astronomy. 4) Porn Addiction Oops, sorry. Our mistake. Everyone knows that college students don’t have time to watch porn. We’re too busy engaging in full stadium-sized orgies in the afternoons. 5) Insomnia Right, so who has the time to sleep? Honestly, could the tech-department nerds please hurry up and allow us to become bionic quasi-mechanical humanoids that no longer need to? College is 50% more expensive. Student needs to get it done in half the time with 100% better GPAs. There’s parties to attend. Games to riot after†¦ Don’t major in computer science. If you’re worried about grades, remember sleep is as important as studying. Ideally 8 hours before tests, but power napping has its merits. Lose the energy drinks. Remember to flex other muscles besides your brain. 6) Hook-up Syndrome Once you get sucked into the hook-up culture where a text conversation is courting and monogamy is unheard of, it’s hard to escape it. It’s super-hard to fall in love in college these days, both for men and women. Don’t sleep around. Don’t make sex a priority. Don’t substitute technology for traditional courtship. Don’t make the mistake of imagining porn is anything like real life. 7) Personality Disorder Because of how much people change throughout college, it’s easy to lose sight of your core self. That thing you were before the world started to mold your personality. That consciousness who peered out through newborn eyes and began taking in information. That’s who you are. Remember that. Avoid defining yourself based on trendy/popular nonsense. Don’t resist personal evolution, roll with it. Remember that everything you do and say is branding you. The key to peace of mind is self-acceptance. 8) Eating Problems Bulimia, overeating and anorexia are increasingly common in college. Guys think they need to look like Hugh Jackman in the latest Wolverine and the girls are trying to look like some Pop Princess. The entertainment industry has taken things a bit too far. Don’t feed into this nonsense. Don’t become reliant on cafeteria food. Don’t settle for cheap carbs that have almost no nutrition. Organic fruits and veggies are as important to your grades as sleep or studying. Don’t kill yourself to please a bunch of superficial idiots. 9) Chronic Substance Abuse No way! There’s no such thing as substance abuse in college! Seriously though, college isn’t the place to become an alcoholic. That’s for later†¦ Take it easy, college is 4-6 years long for most people so there’s no reason to go absolutely insane freshmen or sophomore year. Use your grades as an addiction barometer. If they don’t go down or slip, no foul. If they do, you need to ease off a bit and prioritize. Exercise is just as satisfying from the neurochemical perspective as getting high. Drugs and alcohol are simply too expensive! 10) Wait†¦Math? If math isn’t your thing don’t fight it. Just take advantage of tutors and get as far as you need to go early on so it’s done and over with. So, how about it all you mentally ill college students out there, what are you dealing with and how are you coping. Share your story and let us know how you stay somewhat sane.

Gladiators essays

Gladiators essays Throughout history the gladiatorial games found great distinction and prestige from any other type of entertainment of its time. The first games were held in Rome in 264 BC by the two sons of Junius Brutus Pera, as a type of commemorative service in their fathers honour. After these first games word spread and interest rose exponentially. At the first games there was a total of three matches, by the time Julius Caesar was in power he had promised 320 matches for his daughter. At this point it was no longer a religious ceremony but rather had become a political event to show the elites power. These commemorative games were only to be held twice a year during the winter and summer equinox. In general, gladiators were condemned criminals, prisoners of war or slaves that were purchased for the purpose of combat. There were also professional gladiators who were men which participated of their own free will in the games. Due to the enthusiasm and skill that they possessed history shows that the spectators much preferred to witness the free men battling then the enslaved ones. Men became gladiators because they gained immediate status in society even though the gladiatorial oath forced them to act as slaves to their master and "to endure branding, chains, flogging, or death by the sword" (Petronius Satyricon, 117.5), therefore the professional gladiators were known for their loyalty, courage and discipline. The men were willing to face this, not only for their status but also to gain popularity and wealth. Young Roman boys would always associate hang around with them and try and learn the tricks of the trade. These men easily attracted many matrons, for the women enjoyed having affairs with such prestigious men. These professionals were trained in private or imperial schools known as ludi. Men became specialists in combat techniques that could capture their opponents rather then kill them quickly, because after all they were t...

Thirty to fifty of SCHOLARLY journal articles Business Problem in Essay

Thirty to fifty of SCHOLARLY journal articles Business Problem in Rosenbluth international - Essay Example As stated by Clemons and Hann (1999), companies which are successful find it difficult to change their policies in accordance to the changing business environment. This notion identifies and sheds light on the difficulty and complexity that is associated with the implementation of an effective change management strategy and reorganization of business operations. In the case of Rosenbluth International, this required alteration in company operations has been prompted by the prospects of disintermediation that the organization currently faces, which in turn have been triggered by the continuation of a significant period in the industry of travel brokerage that is essentially marked by a major restructuring of the entire industry (Clemons and Hann, 1999). According to Clemons and Hann (1999), the drastic changes that are being experienced by the travel industry can be associated with dynamics of the competitive environment. ... dustry by analysts highlights the alarming situation for travel agents as hotel chains and airlines intend to raise the scope of their revenue generation by launching electronic distribution systems. Furthermore, Carroll and Siguaw (2003) claim that the popularity of internet-based room reservation has allowed hotel owners to gain complete control over various methods of distribution which is threatening to the wellbeing of Rosenbluth International. Another challenge faced by Rosenbluth is not only rooted in external competitive pressures that are posed by other travel agents but is also caused by the commission cuts which have been introduced by hotels and rental companies thereby, prompting the organization to raise its charges by $10 to $15 (McCubbrey, 1999) to soothe the incurrence of unexpected expenditures. An examination of the case suggests that the challenges being faced by Rosenbluth are largely based on an increase in expenses and a decrease in the revenues being generated by the firm due to the introduction of electronic distribution systems by major travel-based businesses and a reduction in commission caps that are being earned by competing organizations. However, once the case is viewed from a varying perspective it can be comprehended that the issues which Rosenbluth is currently experiencing are also a consequence of the widespread availability of substitute services such as bargain prices and the incorporation of effective and pioneering business models such as reverse auction and auction. Discussion Given the present scenario and the challenges posed by the competitive environment in which Rosenbluth International operates, it would seem most appropriate to install an online reservation system to equip the organization with the technological tools

International leadership and HRM Essay Example | Topics and Well Written Essays - 2500 words

International leadership and HRM - Essay Example The connotation of innovation with technological advancements has been made by several researchers due to the extravagant usage and dependency of organizations (Perrin, 2010). The eradication of human workforce is also deeming to be happening in the coming days. The products and services oriented organizations strive to optimize their business endeavors by the induction of innovation and originality (Kobayashi, Booth and Gaul, 2012). The essence of innovation is to transform business expeditions into trouble-free and uncomplicated mechanisms, which would result in increased productivity and profitability. Organizations such as Wal-Mart, Nike, Marks and Spencer and Dell have transfigured their operations splendidly by introducing innovative features in their business processing units. The revolutionizing of organizational practices into more productive and dynamic ways requires specific environment, culture and atmosphere to act in (Tidd and Bessant, 2011). Leadership styles play pivo tal role in the organizational development and expansion phase. The change intervention strategy in the firm is highly dependent on the way leader performs his activities. In this regard, distinct leadership styles can be followed. The following of a particular leadership style escorts the path of performing activities precisely. The enactment of jumble leadership styles cannot be constructive as direction determination can be trembling and employees would be puzzled about the orientation and performance of duties. The leadership style deployment should be made wisely by acknowledging ground realities and competency of employees (Shriberg, 2011). Purpose and Objectives: The purpose of this essay is to exemplify about the global economic conditions rampant and highlight about the measures to make business processing viable. The commencement of innovation and creativity in the firms is discussed in this paper. The objective is to present in-depth concrete analysis about the virtue and caliber of innovation strategies and how come they would benefit the organizations. The impact factor of innovation and creativity on the organizational outcomes has been elucidated. Examples of the leaders and organizations, where certain leadership styles were followed are presented. Furthermore, classification of leadership styles and their effectiveness is listed too. The objective remains to present comprehensive details about international human resource management and the role of leadership in the transformation of organizations. Innovation and Creativity Definition and Theme: According to Hokanson and Miller (2000), the term innovation can be defined as incepting something new and unique, which creates value and has not been urbanized yet. Innovation can be brought into the manufacturing of a product or in the services exceptionality segment. Creativity is stated as the temperament of thinking out of the box and generating distinctive ideas which would help individuals, org anizations and masses. The creativity element can be helpful in solving problems and issues too (Sawyer, 2012). Innovation and creativity side by side in the organizations. The role of both these objects cannot be sidelined. The inauguration of innovative and creative themes in the organization helps to achieve mission and vision of the firm in the respective time

Barriers To Effective Communication

Barriers To Effective Communication Barriers to Effective Communication An effective communication barrier is one of the problems faced by many organizations. Many social psychologists opine that there is 50% to 70% loss of meaning while conveying the messages from a sender to a receiver. They estimate there are four basic places where communication could be interpreted wrongly. A few barriers of effective communication in an organization are given below. Physical Barriers One of the major barriers of communication in a workplace is the physical barrier. Physical barriers in an organization includes large working areas that are physically separated from others. Other distractions that could cause a physical barrier in an organization are the environment, background noise Language Inability to converse in a language that is known by both the sender and receiver is the greatest barrier to effective communication. When a person uses inappropriate words while conversing or writing, it could lead to misunderstanding between the sender and a receiver. Emotions Your emotions could be a barrier to communication if you are engrossed in your emotions for some reason. In such cases, you tend to have trouble listening to others or understanding the message conveyed to you. A few of the emotional interferences include hostility, anger, resentfulness and fear. Lack of Subject Knowledge If a person who sends a message lacks subject knowledge then he may not be able to convey his message clearly. The receiver could misunderstand his message, and this could lead to a barrier to effective communication. Stress One of the major communication barriers faced by employees in most of the organization is stress. When a person is under immense stress, he may find it difficult to understand the message, leading to communication distortion. At the time of stress, our psychological frame of mind depends on our beliefs, experiences, goals and values. Thus, we fail to realize the essence of communication. The above-mentioned barriers to effective communication are considered as filters of communications. You can overcome the barriers to communication through effective and active listening. By Maya Pillai Many people think that communicating is easy. It is after all something weve done all our lives. There is some truth in this simplistic view. Communicating is straightforward. What makes it complex, difficult, and frustrating are the barriers we put in the way. Here are the 7 top barriers. 1. Physical barriers Physical barriers in the workplace include: marked out territories, empires and fiefdoms into which strangers are not allowed closed office doors, barrier screens, separate areas for people of different status large working areas or working in one unit that is physically separate from others. Research shows that one of the most important factors in building cohesive teams is proximity. As long as people still have a personal space that they can call their own, nearness to others aids communication because it helps us get to know one another. 2. Perceptual barriers The problem with communicating with others is that we all see the world differently. If we didnt, we would have no need to communicate: something like extrasensory perception would take its place. The following anecdote is a reminder of how our thoughts, assumptions and perceptions shape our own realities: A traveller was walking down a road when he met a man from the next town. Excuse me, he said. I am hoping to stay in the next town tonight. Can you tell me what the townspeople are like? Well, said the townsman, how did you find the people in the last town you visited? Oh, they were an irascible bunch. Kept to themselves. Took me for a fool. Over-charged me for what I got. Gave me very poor service. Well, then, said the townsman, youll find them pretty much the same here. 3. Emotional barriers One of the chief barriers to open and free communications is the emotional barrier. It is comprised mainly of fear, mistrust and suspicion. The roots of our emotional mistrust of others lie in our childhood and infancy when we were taught to be careful what we said to others. Mind your Ps and Qs; Dont speak until youre spoken to; Children should be seen and not heard. As a result many people hold back from communicating their thoughts and feelings to others. They feel vulnerable. While some caution may be wise in certain relationships, excessive fear of what others might think of us can stunt our development as effective communicators and our ability to form meaningful relationships. 4. Cultural barriers When we join a group and wish to remain in it, sooner or later we need to adopt the behaviour patterns of the group. These are the behaviours that the group accept as signs of belonging. The group rewards such behaviour through acts of recognition, approval and inclusion. In groups which are happy to accept you, and where you are happy to conform, there is a mutuality of interest and a high level of win-win contact. Where, however, there are barriers to your membership of a group, a high level of game-playing replaces good communication. 5. Language barriers Language that describes what we want to say in our terms may present barriers to others who are not familiar with our expressions, buzz-words and jargon. When we couch our communication in such language, it is a way of excluding others. In a global market place the greatest compliment we can pay another person is to talk in their language. One of the more chilling memories of the Cold War was the threat by the Soviet leader Nikita Khruschev saying to the Americans at the United Nations: We will bury you! This was taken to mean a threat of nuclear annihilation. However, a more accurate reading of Khruschevs words would have been: We will overtake you! meaning economic superiority. It was not just the language, but the fear and suspicion that the West had of the Soviet Union that led to the more alarmist and sinister interpretation. 6. Gender barriers There are distinct differences between the speech patterns in a man and those in a woman. A woman speaks between 22,000 and 25,000 words a day whereas a man speaks between 7,000 and 10,000. In childhood, girls speak earlier than boys and at the age of three, have a vocabulary twice that of boys. The reason for this lies in the wiring of a mans and womans brains. When a man talks, his speech is located in the left side of the brain but in no specific area. When a woman talks, the speech is located in both hemispheres and in two specific locations. This means that a man talks in a linear, logical and compartmentalised way, features of left-brain thinking; whereas a woman talks more freely mixing logic and emotion, features of both sides of the brain. It also explains why women talk for much longer than men each day. 7 Interpersonal barriers There are six levels at which people can distance themselves from one another: Withdrawal is an absence of interpersonal contact. It is both refusal to be in touch and time alone. Rituals are meaningless, repetitive routines devoid of real contact. Pastimes fill up time with others in social but superficial activities. Working activities are those tasks which follow the rules and procedures of contact but no more. Games are subtle, manipulative interactions which are about winning and losing. They include rackets and stamps. Closeness is the aim of interpersonal contact where there is a high level of honesty and acceptance of yourself and others. Working on improving your communications is a broad-brush activity. You have to change your thoughts, your feelings, and your physical connections. That way, you can break down the barriers that get in your way and start building relationships that really work. The acronym AIDA is a handy tool for ensuring that your copy, or other writing, grabs attention. The acronym stands for: Attention (or Attract) Interest Desire Action. These are the four steps you need to take your audience through if you want them to buy your product or visit your website, or indeed to take on board the messages in your report. A slightly more sophisticated version of this is AIDCA/AIDEA, which includes an additional step of Conviction/Evidence between Desire and Action. People are so cynical about advertising messages that coherent evidence may be needed if anyone is going to act! How to Use the Tool: Use the AIDCA approach when you write a piece of text that has the ultimate objective of getting others to take action. The elements of the acronym are as follows: 1. Attention/Attract In our media-filled world, you need to be quick and direct to grab peoples attention. Use powerful words, or a picture that will catch the readers eye and make them stop and read what you have to say next. With most office workers suffering from e-mail overload, action-seeking e-mails need subject lines that will encourage recipients to open them and read the contents. For example, to encourage people to attend a company training session on giving feedback, the email headline, How effective is YOUR feedback? is more likely to grab attention than the purely factual one of, This weeks seminar on feedback. 2. Interest This is one of the most challenging stages: Youve got the attention of a chunk of your target audience, but can you engage with them enough so that theyll want to spend their precious time understanding your message in more detail? Gaining the readers interest is a deeper process than grabbing their attention. They will give you a little more time to do it, but you must stay focused on their needs. This means helping them to pick out the messages that are relevant to them quickly. So use bullets and subheadings, and break up the text to make your points stand out. For more information on understanding your target audiences interests and expectations, and the context of your message, read our article on the Rhetorical Triangle. 3. Desire The Interest and Desire parts of AIDA go hand-in-hand: As youre building the readers interest, you also need to help them understand how what youre offering can help them in a real way. The main way of doing this is by appealing to their personal needs and wants.. So, rather than simply saying Our lunchtime seminar will teach you feedback skills, explain to the audience whats in it for them: Get what you need from other people, and save time and frustration, by learning how to give them good feedback. Feature and Benefits (FAB) A good way of building the readers desire for your offering is to link features and benefits. Hopefully, the significant features of your offering have been designed to give a specific benefit to members of your target market. When it comes to the marketing copy, its important that you dont forget those benefits at this stage. When you describe your offering, dont just give the facts and features, and expect the audience to work out the benefits for themselves: Tell them the benefits clearly to create that interest and desire. Example: This laptop case is made of aluminum, describes a feature, and leaves the audience thinking So what? Persuade the audience by adding the benefits .giving a stylish look, thats kinder to your back and shoulders. You may want to take this further by appealing to peoples deeper drives giving effortless portability and a sleek appearance and that will be the envy of your friends and co-workers. 4. Conviction As hardened consumers, we tend to be skeptical about marketing claims. Its no longer enough simply to say that a book is a bestseller, for example, but readers will take notice if you state (accurately, of course!), that the book has been in the New York Times Bestseller List for 10 weeks, for example. So try to use hard data where its available. When you havent got the hard data, yet the product offering is sufficiently important, consider generating some data, for example, by commissioning a survey. 5. Action Finally, be very clear about what action you want your readers to take; for example, Visit www.mindtools.com now for more information rather than just leaving people to work out what to do for themselves. Key points: AIDA is a copywriting acronym that stands for: Attract or Attention Interest Desire Action. Using it will help you ensure that any kind of writing, whose purpose is to get the reader to do something, is as effective as possible. First it must grab the target audiences attention, and engage their interest. Then it must build a desire for the product offering, before setting out how to take the action that the writer wants the audience to take. Stress Interview Stress interviews are used to see how the jobseeker handle himself. You may be sarcastic or argumentative, or may keep him waiting. You may also lapse into silence at some point during the questioning, this is used as an attempt to unnerve the jobseeker. One-On-One Interview In a one-on-one interview, it has been established that the jobseeker has the skills and education necessary for the position. You want to see if the jobseeker will fit in with the company, and how his/her skills complement the rest of the department. In a one-on-one interview the jobseekers goal is to establish rapport with the interviewer and to show that his/her qualifications will benefit the company. Screening Interview A screening interview is meant to weed out unqualified candidates. Providing facts about the skills is more important than establishing rapport. Interviewers will work from an outline of points they want to cover, looking for inconsistencies in the jobseekers resume and challenging his/her qualifications. One type of screening interview is the telephone interview. Lunch Interview The same rules apply in lunch interviews as in those held at the office. The setting may be more casual, but it is a business lunch and the jobseeker has to be watched carefully. The jobseeker must use the lunch interview to develop common ground with your interviewer. Committee Interview Committee interviews are a common practice. Jobseeker will have to face several members of the company who have a say in whether he/she is hired. In some committee interviews, you can ask the jobseeker to demonstrate his/her problem-solving skills. The committee will outline a situation and ask him/her to formulate a plan that deals with the problem. The interviewers are looking for how the jobseeker apply his/her knowledge and skills to a real-life situation. Group Interview A group interview is usually designed to uncover the leadership potential of prospective managers and employees who will be dealing with the public. The front-runner candidates are gathered together in an informal, discussion-type interview. A subject is introduced and the interviewer will start off the discussion. The goal of the group interview is to see how the jobseeker interact with others and how use him/her knowledge and reasoning powers to win others over. Telephone Interview Telephone interviews are merely screening interviews meant to eliminate poorly qualified candidates so that only a few are left for personal interviews. The jobseekers mission in this interviewed is to be invited for a personal face-to-face interview. Informational Interview Typically this is an interview set up at the jobseekers request with a Human Resources Manager or a departmental supervisor in the career field he/she is interested in. The purpose of this interview is to help the jobseeker find out more about a particular career, position or company. He/she is seeking information from these people in hopes that they might refer him/her to someone else in their company or to somebody they may know outside their company who could use your skills. The Informational Interview is a part of the cold-calling process whereby jobseekers are generating their own job leads. Screening Interview Typically this is the first step a company takes after the resumes have been scrutinized. The purpose of this meeting is to assess the skills and personality traits of the potential candidates. The objective ultimately is to screen out those applicants the interviewer feels should not be hired due to lack of skills or bad first impressions. The interviewer must also screen in those candidates she/he feels would make a valuable contribution to the company. Your job during this preliminary meeting is to convince this person you are worthy to take the next step. The General/Structured Interview Frequently the Screening Interview is combined with the General Interview due to time constraints many companies have during the hiring process. Often the jobseeker will meet with the supervisor over the position for which he/she is applying. During this interview he/she will be discussing the specifics of the position, the company and industry.

Behavioral Assignment

For example if the company is performing admirably, your payments are not going to increase, but if you compare this situation With an equity investor, the market will incorporate to the stock price these results and your remover will be higher. On the other hand if the company Starts having some problems and cannot achieve its goals, your payments will remain the same.This situation only changes when the default risk increases, and this doses â€Å"t happen in a very quick span of time In the case of equity, the scope for disagreement is larger and more sensitive, because the payoffs are uncertain and depend on the beliefs of the fundamental value of the company. It can be also seen below that equity payoffs are linear with respect to investor beliefs in relation to underlying asset value; however, debt up-side payoffs are fixed at some constant rate, ND are consequently non-linear (I. E. Concave) in the investor beliefs about the fundamental value.Source: Hong & Serer 2011 b) Safe debt has less default risk than risky debt, which means that its payoffs are more protected and the payoff graph has a more concave shape. The more secure an asset is, the less sensitive the investors are to the beliefs about fundamentals. The upside is here more bounded and is less sensitive to disagreement. When a bond is more risky there is a greater probability for default and the investors are more sensitive to the changes in the fundamental value of the company. Beliefs start having a greater influence on the asset valuation.In the following formula we can see that if the default probability is very low, the safe debt payoff will also be lower and less sensitive to disagreements. C) When optimism increases investors start seeing debt more as a risk-free asset that has less upside with reduced resale option. Rising optimism leads to larger misprinting. In this scenario the optimistic investors will continue to buy the bonds from the pessimistic investors, so there will be more optimistic investors holding the asset and the disagreement among the investors will be owe, and lead to a lower price volatility.The bond will also have less turnover. The pessimistic investors won t become optimistic, they just want to sell their bond. The model suggested by Hong and Serer(2013) considers a two-date trading model with dates t -?O, 1, N risky assets and the risk-free rate as r. The dividend delivered by the risky asset at time t=l is given by the equation: , where represents the cash flow beta of asset I, and is the state of the macro economy.There are two groups of investors: 1) The optimists (group A), who believe that the economy will be better in t=l -b EAI[z = +h 2) The sometimes(group B), who believe that the economy will be worse – 3) So the expected difference between optimists and pessimists is given by: EAI[z] – BE[z] = When is small (I. E. Low macro disagreement) , the equilibrium price will depend both on the optimists and pessimists valu ation, equaling However, when X is large (high disagreement about future macroeconomic conditions), the demand of pessimists (given by ) is so low that it will hit short sale constraints.Thus, the equilibrium price will be determined only by optimists' valuation, since the pessimists will be sidelined from the market: . This equilibrium price is higher than the unconstrained price, which means that the stock N will be over-priced, due to high macroeconomic disagreement about fundamental factors, when compared to the traditional CAMP model prediction. As predicted by the dividend equation: , the higher the beta of the stock, the higher the effect of the disagreement about its future cash flows will be.Thus, short-sale constraints will occur with higher probability for high-beta, high risk stocks. Short-sales constraints might be binding for some investors due to institutional reasons. An example are mutual funds, which are prohibited to worth stocks directly by certain government act s and regulations. According to the arguments above, misprinting is more pronounced for high- beta stocks or for periods of higher disagreement. Thus, stocks from higher beta sectors such as technology, consumer retail, automotive, construction are more likely to experience overpricing and bubbles.Higher disagreement occurs either at times, when market optimism prevails -? continuous bull markets, combined with expansionary monetary policy for prolonged period, or when market pessimism prevails – crisis times, described by high volatility ND panic sell-offs, causing stocks to be undervalued. Bubbles are often hard to detect and ascertain, but tend to form most often when certain industry sectors are experiencing a technological revolution. Bubbles, crashes and financial crisis have been a repeating occurrence for long (e. G. He South Sea Bubble, canals and railroads in the 1 sass, the Internet in the sass) (Predetermine & McKee, 2012). A technological revolution in an industr y causes a boom in asset prices; however, as the momentum of the bubble increases, the rise in prices cannot be justified anymore by fundamentals as people continue to make ever-rising valuations. It is difficult to identify an asset's true fundamental value, and this is especially true for new technologies that have may seem as the next big thing, but have uncertain long-run prospects.Similarly, pastor & Versions (2008) argue that bubbles in stock prices can occur after technological revolutions if the productivity of the technology to be implemented is unknown and subject to learning. This affects both the level and volatility of stock prices. Critically, stock prices of innovative firms initially rise due to optimism and DOD news about the productivity of the firm due to the technological innovation, but eventually fall as the technology risk alters from affecting only the firm to being systematic (Pastor & Versions, 2008).The bubbles can only be observed retrospectively, and are most greatly amplified in revolutions than involve high uncertainty and fast adoption. For example the expansion of both railroads in the sass and internet infrastructure in the 1 sass was characterized by overstatement that ultimately depressed prices on an aggregate level as additional projects had negative returns due to industrialization.Also, in the case of the internet bubble, investors were lured in to invest by promising companies such as Amazon and America Online, but later companies had often no idea how to be commercially viable and essentially were riding the bubble (Dominant, 2014). Bubbles may hence be amplified by speculation and the idea that individuals observe and adopt the behavior of others (Levine & Jack, 2007). Especially in the case of the internet bubble optimists tend to push up the asset price, whereas more pessimistic investors cannot counterbalance this due to short-sale constraints (Predetermine & McKee, 2012).Thus genealogical revolution tends to lead to projects with initial profits, and leads to overoptimistic tendencies for the whole industry. As prices exceed fundamentals and new entrants/projects turn sour, the bubble eventually collapses. In the case where there is only one share of the asset available and there is one optimist and one pessimist in the market, the pessimist will sell the asset to the optimist at a price higher than the mean evaluation of the two investors.Here the single optimistic buyer can absorb the entire supply of one share. The average price is 75, thus the traded price will be in the range 75. The traded price rises when there are two homogeneous groups Of investors, I. E. When there are more optimistic traders in the market. They will bid up the price until it reaches the valuation of the optimists, I. E. 100. This will be the traded price. Thus, as according to Miller (1977) without short selling the price of the asset is increased if there is a divergence of opinion.In such a market the demand for the asset will come from the traders who have the most optimistic expectations of its value. The most optimistic investor tends to win the bidding and their evaluation of the asset ends up being its actual price. This can be also seen in the diagram below. Supply is inelastic at N, so the price is higher than the equilibrium rate. Only optimistic traders will trade at the prices where the demand curve meets the inelastic supply curve.Also, as seen in the diagram, different investors have different demand curves; the most optimistic one will have the highest valuation. (Source: Miller, 1977) Due to the binding short selling constraint, less optimistic traders who would like to short an asset cannot do so. Thus this is necessary for optimists to be able to set prices. Also volume is crucial. The more optimists there are will signify that the asset's price will be bid up to the valuation of optimists. This is especially true when the asset is scarce (e. . Only one or a few exist), as in this case there will be ample demand by the optimists (who may be a minority in the market) bid up and set the prices. The price of a security is higher the greater the divergence of opinion about the return from the security (Miller 1977). So we can say that if there is a big divergence of opinion in the market, the price will be even higher because the price only reflects the optimistic investors, and this also causes more volatility and more risk to the stock. Since the annual discount rate is a variable, and the time to maturity T is a constant, we can apply the rule: Then the expected value that the optimist attaches to the bond is given by: , 51 once The expected value Of the pessimist is given by: b) The difference of the natural logarithms of their attached values is: In According to the result, there is a positive correlation between the bond maturity T and the level of the disagreement between the investors, so the longer the bond maturity T, the higher the disagreement between the optimist and the pessimist will be. ) According to Miller (1977) the greater the disagreement the higher the rice. As we saw in the previous step bonds with longer maturity have greater disagreement, which leads to stronger misprinting because the price of the bond will only be affected by the optimistic investors (since pessimistic investors cannot affect the prices because of short-sale constraints). Thus, misprinting will be more pronounced at the long end of maturities, than at the short end.Also the longer the maturity of the bond the higher the expected return, according to a regular bond yield curve. If misprinting is more pronounced, the price of bonds will go up, causing a shift downwards in the lied curve, so average realized bond returns should be lower than the expected. A) Investor B starts with rational beliefs at t-?O, so his expectation of an upward move is â€Å"10=0. In case of an upward move at node u his expectation of an upward move TTL is given by : , A further move up to position u will give: A move down to position dud gives: An initial downward move to d yields: Going another node down to ad: And moving up in the second period to du gives: b) Investor Bi's beliefs about the value of the stock seem irrational at point ‘dud' and ‘du' since at ‘dud' his expectation of an upward move is , while at ‘du' it equals . Actually these positions represent one and the same point on the binomial tree, where the fundamental value of the asset should be constant. Behavioral assignment Even though according to Prospect theory the individualistically function is concave in the gains region, implying that they are risk averse, its shape changes to convex for very small probabilities. Usually people treat the outcomes based on a reference point, usually their current wealth, from which they evaluate gains and losses. For that reason a certain gain of $1 0 is not perceived as bringing any significant utility to let's say average middle-class individual, while the possibility, even though small, of winning SIS 000 would actually bring a quite significant change to his wealth.The opposite goes for the perceived utilities and the utility function, when in the loss region. Even a small probability of losing a significant amount ($10 000), which will severely affect the wealth of the individuals is misperceived as relatively high and undesirable as opposed to the certain, but small loss of $10, which will not affect the wealth of the person around his reference point.Some r eal life analogues of the conducted experiment might be buying a lottery ticket, where the individual even gets a small, but negative payoff, on average, or establishing a start-up business, where an entrepreneur invests capital with the hope Of receiving higher return in time, instead of investing the money in a bond or a bank deposit at a risk-free rate. Examples for certain small losses might be a person buying insurance policies and paying a small premium, but avoiding the risk of theft, road accident etc. Q.The distribution is not normal, but rather positively skewed, with higher percentage of positive earnings surprise than negative. There is also bunching at the O value, inferring a high probability that the average of analysts' forecasts coincides with the actual earnings reported. This distribution of recast errors actually implies that analysts have a downward bias when producing their estimations. A reason for this might be that analysts have asymmetric loss function, imp lying that they can be more harshly punished for under-prediction than for over-prediction.This is due to reactions of investors who, in most cases, have prospect theory utility functions, rather than conventional expected utility functions I. E. Their losses hurt more than gains of the same magna etude increase utility. In terms of the earnings surprise this means that when the actual earnings miss analysts' projections, he negative returns on stocks in the following days are much more pronounced due to investors unwilling to hold the stock and selling with larger volumes.In the opposite case of a positive surprise, investors' utility function is less steep in the gains region and the magnitude of increased purchases of the stock is less pronounced. Boon and Woman (2002) estimate at least six reasons for the analysts' downward bias when producing forecasts: internal pressures for earning higher brokerage commissions, pressure from management of companies that analysts cover, herdin g behavior to follow other analysts' projections, pressure from large institutional investors that analysts work with, conflicts with analysts' personal investments or unintentional cognitive biases of the analysts.Other plausible reference points in terms of expected earnings might be results from past quarters + some premium/discount, depending on how the company performed in the most recent quarter, or the earnings reported by companies, operating in the same industry I. E. Competitors. Investor A If the stock goes up, he would be keener to sell in order to realize his gains. The Prospect Theory utility function, which is concave in the region of gains, wows us there will be a point where an increase in his profit will bring very low marginal utility, so at this point the investor would be keen to sell.If we assume that the investor bought when , the more the stock rises and moves into more concave regions, , until it reaches the point of sell: If the stock goes down, he will hol d the stock because he won ‘t accept his loss and try to hold it until the price of the stock returns to the price where he bought the stock (his reference point). He would be more concerned with the potential value of losses and gains than the total wealth outcome, so he would be more inclined to sell when the stock was in the gain-making region, and less likely to sell and more likely to hold at the loss-making region.This is an observation of the disposition effect, tested by Dean (1998). Investor B If the stock goes up he will like to buy more shares. As an optimistic investor, he would trade more because of the profits that he is making, and the belief that he has information that others don t and that if the stock its going up, the momentum is likely to continue. If the stock goes down, he will like to sell because for him the market it's telling him that this stock its not worth holding anymore.The most important thing for him in order to make a decision for buy or sell is to receive a signal from the market and as an overconfident investor he would think that he has information that the market doses ;t and could benefit from that In other words he will consider the pure noise from the stock price movement as a signal and overweight it () The two investors could trade when the price of the stock rises, relative to their reference point because in that point investor A is more willing to sell and realize the gain and investor B is more willing to buy, because of the overestimated weight on the signal.Also they could trade when the price goes down and reaches a certain point when investor A no longer can hold the position (has sustained huge losses) and investor B could get a signal from the market, that the stock is already undervalued. A) 1 . Overstatement – empirical data show that there are cases when Coos truly believe that certain investment policies are creating value for the company. However, their beliefs are quite often in discrepan cy with the broad view of market participants, which is reflected in the stock value.These investment incentives are more pronounced in companies, that are cash rich, nice Coos will not be constrained by lack of funds and allocate the available cash according to their overconfident beliefs. 2. Corporate Financing – instead of opting for the more rational choice of choosing sustainable mix of debt and equity financing, combined with the use of the company's outstanding cash, overconfident Coos tend to use larger percentage of financing with cash or debt, since they consider equity financing excessively costly and believe that the market is undervaluing their company. . Overbidding in acquisitions – scholarly research has found evidence that overconfident Coos overestimate their ability to generate returns for their company. This is why such Coos have a tendency to overpay for target companies and undertake mergers that actually bring lower than expected value. A proof f or this might be found in market reactions after announcement, where the negative return after the announcement is more pronounced for companies, whose managers are considered as overconfident by investors.In the last two decades U. S firms spent more than $ 3. 4 trillion on mergers, and if CEO ;s were thinking only about the interests f their shareholders probably they would have acted in a different way, because their actions caused losses amounting to roughly $220 billion (Maintained, Tate 2007). B) CEO overconfidence does not necessarily have to be a bad thing, since this aspect is quite closely con nested with affinity to taking higher risk.Higher risk, in turn, might lead either to more pronounced negative or positive outcome for the company, and thus also allowing for a beneficial outcome to shareholder interests. Also, such individuals, for reasons connected with their genetics or upbringing, are among the most successful and influential people n society. As discussed in the paper â€Å"CEO overconfidence and innovation† by Galas, Simoom (2011 more confident Coos tend to disregard the risk of failure and thus more eagerly indulge in R&D and innovation strategies, which eventually bring higher value to shareholders.Real life examples of such Coos might be Steve Jobs (Apple Inc. ), Leon Musk (Tests Motors). Question 5 In the presented case, an overoptimistic person will tend to have higher anticipatory utility during his youth, but eventually as time progresses the actual realization will with a high probability be less than his anticipations, so e will get lower realization utility. The total utility he gets will depend on the weights he puts on those two utilities.If you educate your child to be overoptimistic, in the future for example when he receives his pension fund he will expect certain amount of money, let's say $1,000 per month, but instead if he actually receives $900 he will feel as if he lost $100, regardless if that amount of money r epresents a good income for him or not. On the other hand if he receives $1 r 1 00 he won ‘t feel the satisfaction of having more money. The feeling when you lose is deeper than when you win.