With businesses ever more dependent on streamlined and efficient processes for success, the role of forecasting has come to the fore. The first step in developing a forecasting system is Problem Definition. This is the most important step for it sets the agenda for the forecasting system. The scope, range of utility, accessibility and function of the forecasting system is outlined herein. Following this is Information Gathering, whereby the sources of data collection are identified and statistical tools are devised to analyze the data. Rich historical and archival data add credibility and soundness to the eventual forecasts. The next step is making a Preliminary Analysis of the forecasting methods and techniques. This involves experimentation and verification. The next step is Choosing Models, whereby complex mathematical concepts like regressions, exponents and neural networks are integrated into the forecasting system. The final is Evaluating and Fine Tuning the system . . . Read MoreContinue Reading
Freedom of the Press is an essential aspect of functioning democracies. Be it an institution or an individual, the liberty to express openly is the most important of attributes. The press, in particular, being the Fourth Estate of a democratic society, is expected to be bold and articulate. But ground realities differ from ideal conceptions of the function of the press. In the real world, an array of external factors coaxes or coerces the press into acting against democratic principles. These include advertisers, political parties, businesses and even special interest citizen groups. In this backdrop, it is interesting to analyze the state of freedom of press in the world today. It is an interesting exercise to find out which countries are exemplary and which are at a nadir. After all, freedom of press has an immediate bearing on the lives and prospects of citizens. It is not an abstract idea whose relevance is confined merely to the academia.
The Freedom House . . . Read MoreContinue Reading
The advent of cognitive science at the centre of studying psychology is widely portrayed to be a revolutionary event. It was in the 1950s that the shift from behaviourism to cognitive psychology took its first bold step. There has been no reverting back to behaviourism as the dominant paradigm within psychology ever since. Cognitive psychology is one of the disciplines in psychology that focuses on studying internal mental processes. How individuals perceive, conceive, recall from memory, articulate their views and arrive at conclusions, etc, are studied. As opposed to Behavioural psychology, Cognitive psychology adopts a scientific analytic method rather than introspective or speculative theorizing. At the outset, it acknowledges the presence of such internal mental states as knowledge, belief, motivation, desire, etc. This essay will evaluate how ‘revolutionary’ an event, in the Kuhnian sense, was the placement of cognitive science at the centre of . . . Read MoreContinue Reading
The eleven years of Margaret Thatcher’s reign, which spanned through the 1980s were known for the social turbulence they caused. The right wing political ideology that has come to be called Thatcherism is deemed reactionary in many ways. To given an example, a pub near the Underground station at Highbury and Islington in north London was forced to paint the following sign blank under Thatcher’s conservatism: An Equal Opportunities Pub Regardless of Race, Creed, Nationality, Disability Or Sexual Orientation. This illustrates the deep impact of Thatcherism in all domains of cultural life. This was a period when “the very existence of society was placed in doubt, when the belief that greed is good was promoted as a moral imperative. It was also the decade when London came to seem like another country.” (Street, 1997, p. 106)
Cinema, being a major cultural product, was especially subject to pressure from the conservatives. Cinema as an industry suffered . . . Read MoreContinue Reading
In the decades following the Second World War, Hammer Studios produced a number of films in the horror genre. These decades were considered the ‘Golden Age’ of British Cinema (1945-1975) and filmmakers were trying to experiment and explore the medium of cinema. The period witnessed “the evolution of a radical and subversive cinema focused upon challenging the moral codes and conservative values of the British establishment.” Hammer Studios emerged as an influential player in British cinema during the 1950s. It marked a “direct reaction to postwar optimism and the subsequent rise of a conservative political system. It also represented alternative artistic strategies operating in opposition to the realist tendencies of classical British cinema.” (Wilson, 2007) It was in this milieu that Hammer Studios’ foray into horror films will have to be analyzed. The rest of this essay will identify Hammer Studios’ contribution to the Gothic tradition in British cinema by way . . . Read MoreContinue Reading
The Second World War was a pivotal event not just for Britain but also for the rest of Europe. In the wake of the end of the war all art forms embraced questions about war in particular and human conflict in general. One of the important British films to emerge in the Second World War milieu was The Battle of the River Plate. Though the film is largely drawn from real historical events surrounding the war, it is a feature film and meant for entertainment. Though the story is broadly consistent with historical record, the dialogues were almost nearly invented. The challenge for the film maker venturing the world war genre is the upkeep of historicity. The British audience has always allowed a fair license for fiction in the genre for the imperatives of the narrative form. Even allowing room for fiction, the ultimate success depends on the degree of authenticity that the filmmaker could bring to his representation of real history. It is for this reason that critics were . . . Read MoreContinue Reading
The interwar years were some of the most turbulent in the history of Britain. Given the strong trade and diplomatic links between Britain and the rest of Europe and North America, the former’s economic stability depended on several external factors. The Great Depression that struck the United States in 1929 had repercussions across Europe. The mass unemployment witnessed in Britain during this period is not merely a coincidence. On the political front the rise of the Nazi Party in Germany gave rise to distrust and apprehensions of war. In this respect, the social history of interwar Britain is one highly influenced by unravelling economic and geo-political conditions. To go with widespread unemployment there were also conflicts across class lines. The General Strike and the hunger marches that were witnessed during this period were expressions of public frustration. Although the national government was outwardly sympathetic to public angst, and on occasion participated . . . Read MoreContinue Reading
Triggle,Nick. Soaring costs prompt rethink of long-term care planning, Nursing Management 19.10 (Mar 2013) 6-7.
The article talks about how the public health budget in the UK has steadily grown over the years. It has now superceded military spending and consumers 8.2% of national GDP. But the bad news is that this trend is expected to continue in the future and could grow to 20% of GDP by 2061. Considering an ageing population and shortage of funding and resources the country is faced with a large crisis in the near future.
In the article, some constructive suggestions were put forward by experienced healthcare professionals and policy makers. One important idea is to integrate social care and health care so that cost efficiencies are achieved. This is especially true for palliative, chronic or mental health issues. Another important idea is focussing on preventative health measures so that instances of hospitalization are reduced. . . . Read MoreContinue Reading
- In your opinion, is Rawlings exploiting its Costa Rican employees? Explain your answer.
In my opinion, I don’t think Rawlings’ operations in Costa Rica are exploitative. The very nature of capitalist enterprise is such that cost efficiency is a major driver of business. To criticize Rawlings for doing what it is legally mandated to do (namely, to seek profits for is shareholders) is quite unfair. Moreover, critics are not appreciating how Rawlings has created jobs in the Costa Rican economy. Companies such as Rawlings have helped consolidate Costa Rican economy. It is in recognition of this fact that the Costa Rican government has offered special economic zone status to Rawlings and other MNC manufacturing units.
Even when one looks at wages and employee benefits, Rawlings has done nothing illegal. The company has adhered to minimum wage standards of Costa Rica. Further it complies by paid-leave and medical insurance . . . Read MoreContinue Reading
- Should the headquarters of U.S.-based multinationals promote diversity initiatives in their worldwide subsidiaries? If so, what’s the best way to accomplish this?
There is nothing wrong in U.S.-based headquarters taking the initiative for diversity promotion across other locations in the globe. The thoughts and measures of Brody and Shoemate are instructive, for they provide a framework that all MNCs could follow. Since American business culture and social values are somewhat different to that in the rest of the world, the HR Manager taking decisions from U.S. headquarters will have to be culturally sensitive. The HR Manager will also be cognizant of the fact that the definition of diversity is not constant across locations. Moreover, the HR Manager will have to heed to what configurations of diversity ideally suit local teams. Actually, Bestfoods’ diversity program is a good starting point for any company trying to achieve similar . . . Read MoreContinue Reading