Chicano Essay Example | Topics and Well Written Essays - 750 words

Chicano - Essay Example These people belonged to the poorest families in rural areas of Mexico, and did not had any identity in the society, used the term Chicano during the Civil rights Movement in order to amalgamate themselves so that they can be recognized by the world. Chicano descendents reflected distinctive culture of Mexican Americans (Arturo, pp. 197-208). The natives speaking slang language with different pronunciations mocked these people, which was an insult for them. The basis of Chicano was contradictory, as the pronunciation and spelling of Spanish language revolutionized causing discrepancy in differentiating between Chicano and Mexicano, but it was apparent that the word Chicano did not have any effect from this language change. The dual identity of Chicanos entails that these people have neither U.S. origin nor they reflect the Mexican society. This combination of customs of both the nations makes them strive for their acceptance into the American society while retaining their Mexican tra ditions and practices (Arturo, pp. 41-55). A culture reflects the traditions, beliefs, practices, customs, and lifestyles of any society or race. Likewise, Chicano also pertain a diversified culture (Isabel, pp. 63-67). The aspects of Chicano culture are mainly literature, arts, and music. ... 47-61). The people of Chicano possess a very simple yet a colorful lifestyle. The life of Chicanos does not characterize by technology; therefore, they depend upon natural resources to acquire information. These people have poor housing and do not have the access to health facilities. Because of the cultural restrictions, Chicanos have to marry a person of opposite sex within the same race (Isabel, pp. 23-38). They have a strong family relationship, where members are interdependent, and elders are open to suggestions from youngster. Chicano cuisine is famous for its dishes that are very delicious due to inclusion of variety of chilies in it. The basic sources of food such as beans, corn, and peppers are present in huge quantities in their food. The people consume simple, healthy, balanced, and short meals on specific times during the day. Life, death, family bonding, and religious practices are of prime importance to them. They are strong followers of Catholics and those who do not a bide by the obligations, have to face strict consequences. They believe that their religion gives them power to survive through the crises they come across, in their lives (Isabel, pp. 47-61). The idea of death for Chicanos is unlike the concept of death for any other faith as they have a pleasing relation with the dead. Spanish and Catholic have an immense influence on the concept of death for Chicanos. The traditions and practices include a wide variety of celebrations, amongst which the most significant event celebrated by the people of Chicanos is the ‘Day of the Dead’ (Johnston & Winter, pp. 10-14). It resembles the festival of Halloween, celebrated by Americans but the difference

The feminization of the Community Correction Work force by Jo G Case Study

The feminization of the Community Correction Work force by Jo G. Holland - Case Study Example The research problem of this research article is whether there is balance in the community corrections work force. The study used a number of questions to facilitate a systematic enquiry into the aforementioned research problem. The first question touches on the roles women have been given while participating in the corrections workforce. The second question enquires into the barriers that women have faced while pursuing careers in the corrections work force. The third question looks into how women counter barriers while engaged in the correctional work force. Support systems that provide opportunities for the enhancement of careers are the object of the fourth question. The last question is on the opportunities that the future holds for women to grow within the community corrections work force (Holland, 2008). This study’s data analysis used mean and percentages. For example, the average age of women working in the Virginia community correctional workforce is 35 years. Besides age, location is another demographic factor checked for in the analysis include in terms of whether urban or rural. The positions that the analysis considered are deputy and chief probation and parole officer and that of the administrator. The analysis considered the elements of ethnicity and population status (minority or not). This analysis also enquired whether respondents received mentorship or not. The need for networking among the women working in Virginia DOC was assessed. The analysis measured the percentage of women who received support from other women while participating in the correctional workforce. The study checked for the highest positions that women in the correctional workforce expected (Holland, 2008). The author makes a number of conclusions. She concludes that the correctional work force needs to be expanded in order to augment organizational processes. The

Portfolio Managemnt Essay Example for Free

Portfolio Managemnt Essay Overview KBIM Investment Inc. is a leading investment company incorporated in Barbados and licensed under the Companies Act cap 308 of the laws of Barbados. Founded in the year 2000, the company seeks to provide its investors with risk-adjusted returns in a management structure that closely aligns the  interests of investors and managers. Further, KBIM has continued to evolve from a dedicated private equity investment firm to a diversified management company. The fund buys US and Canadian stocks from the New York Stock Exchange as well as from the Toronto market. The fund has been equally divided among the following four industries; financials, technology, pharmaceuticals and energy. To assure that efficiency is maintained, the net assets are calculated weekly at the end of each week (Friday) of all stock market transactions. Global Economic and Market Outlook The global economy is in a dangerous new phase. Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing. Against a backdrop of unresolved structural fragilities, a barrage of shocks hit the international economy this year. Japan was struck by the devastating Great East Japan earthquake and tsunami, and unrest swelled in some oil-producing countries. At the same time, the handover from public to private demand in the U.S. economy stalled, the euro area encountered major financial turbulence, global markets suffered a major sell-off of risky assets, and there are growing signs of spillovers to the real economy. The structural problems facing the crisis-hit advanced economies have proven even more intractable than expected, and the process of devising and implementing reforms even more complicated. The outlook for these economies is thus for a continuing, but weak and bumpy, expansion. Prospects for emerging market economies have become more uncertain again, although growth is expected to remain fairly robust, especially in economies that can counter the effect on output of weaker foreign demand with less policy tightening. World Economic Outlook (WEO) projections indicate that global growth will moderate to about 4 percent through 2012 from over 5 percent in 2010. Real GDP in the advanced economies is projected to expand at an anemic pace of about 1 ½ percent in 2011 and 2 percent in 2012, helped by a gradual unwinding of the temporary forces that have held back activity during much of the second quarter of 2011. However, this assumes that European policymakers contain the crisis in the euro area periphery, that U.S. policymakers strike a judicious balance between support for the economy  and medium-term fiscal consolidation, and that volatility in global financial markets does not escalate. Moreover, the removal of monetary accommodation in advanced economies is now expected to pause. Under such a scenario, emerging capacity constraints and policy tightening, much of which has already happened, would lower growth rates in emerging and developing economies to a still very solid pace of about 6 percent in 2012. Strategic Objectives KBIM Investment Inc endeavours to provide an above average, long-term total return fund by investing in small capitalization stocks listed from within the US stock exchanges. The fund’s investment style of small capitalization values the investment objective of growth funds. A growth fund seeks to find companies that are expected to show rapid future growth in earnings, even if current earnings are poor, or possibly non-existent. The latter is directed towards more aggressive investors seeking good performance in an expected market rise. KBIM Investment Inc places heavy emphasis on asset allocation which is a very important decision for any investor in terms of portfolio construction. Fund managers have decided based on strategy and policy of the fund to utilize tactical asset allocation. This approach is performed routinely as part of the ongoing process of asset management. Using this approach, market risk is insulated, where exposure to a particular market is increased when its performance is expected to be good. On the other hand there is decrease exposure to the market when performance is expected to be poor. An investor’s fate is basically determined by having allocated funds to asset classes. Risk, expected return, market expectations, risk tolerance and goals of the fund is reflected in the allocation of weights The following characteristics should be present for companies in which the fund invests: 1. The company’s share price is depressed after a period of negative growth 2. An acceptable level of financial strength, efficient control and effective management of business assets should be exhibited by the said Company. KBIM Investments Inc reserves the right to rebalance the portfolio after decisions have been made from review of the portfolio ever quarter. Rebalancing reduces the risks of sharp losses and is less volatile than a portfolio not rebalanced. At any time where the fund liquidates or suitable equity investments are absence, KBIM investments Inc will seek investments in short term debt securities or money market instruments. Risk KBIM investment equity fund is specifically for an investor who seeks to attain high returns and by doing this is willing to tolerate high risk to receive the maximum benefit from their investment. Investors must take into consideration that investments in only one portion of the economy may offer greater risk than a highly diversified fund. In addition to the above, a fund that invests in well-established companies may be less risky than one that favors start-up companies. Limitations Investors must take into consideration the impact of taxes on the portfolio. Further, changing tax laws imposed can become bothersome in terms of forecasting future tax rates. Investors must also abide by regulation requirements imposed by state and federal agencies. The latter specifies the actions an investor should take in terms of achieving objectives, given the preference of the investor and any constraints imposed. Benchmark To evaluate portfolio performance, the following questions should be answered; the first being whether or not the return on the portfolio was adequate after all expenses was taken care of? Next the amount of risk taken by the investor or portfolio manager in creating and managing the portfolio should be assessed. Finally what return should have been earned on the portfolio, given the risk taken and the alternative returns available to be earned from investments over the same period. KBIM will be benchmarked against the SP 500 small cap index. The stocks for the fund were selected based on the following criterion: ROE 10 Market cap 1,000,000,000 Six month return 0 P/E 15 Competitive Advantage The fund managers of KBIM, are committed to offering returns above average of similar portfolios. Through our investment strategic policies, we hope to attract investors who are seeking to hedge funds. Here at KBIM we also value enhancement services such as risk management, insurance reviews, consulting and corporate governance. The firm’s comprehensive offerings provide private equity clients with numerous competitive advantages throughout the private equity life cycle, including fund development, portfolio growth and divestiture. Fee Details Annual charges: Annual Management charges: 1.65% of net asset value Fund Administrative charges: 0.05% Registrar charges: 0.13% Fund expenses: 0.2% Commission: Sales charge of 1.85% will be charged on amounts invested into the fund. During the first week of investing, KBIM Investment Fund grew by 3.5%, as U.S stocks rose, driving the Standard Poor’s 500 Index to its longest winning streak since February, amid optimism Europe’s leaders would announce a plan to contain the debt crisis and after McDonald’s Corp. (MCD) joined companies beating profit estimates. Financial shares in the SP 500 added 3.9 percent as European finance ministers began negotiations to prevent a Greek default and shield banks. The SP 500 climbed 1.1 percent to 1,238.25, the highest since Aug. 3, and had risen three straight weeks. It had surged 13 percent since Oct. 3, when it closed within 1 percent of a bear market, or 20 percent plunge, from its high in April. The Dow Jones Industrial Average also rose a fourth straight week, gaining 164.30 points, or 1.4 percent, to 11,808.79. Equities rose as European finance ministers approved a 5.8 billion Euro loan to Greece, and France retreated in a clash with Germany over expanding the bailout fund. Talks are to continue through Oct. 26. The SP 500 also gained after 74 percent of companies that reported quarterly results topped the average analyst  projection. During the second week of investing, KBIM Investment Fund grew by 4.54% amidst a week which ended with most U.S. stocks falling, as data on consumer confidence and spending failed to boost equities a day after European leaders expanded the region’s bailout plan. Stocks pared losses in the final minutes of trading on Friday, with the Standard Poor’s 500 Index erasing a decline as it completed a fourth straight weekly advance, the longest streak since January. About four stocks declined for every three that rose on U.S. exchanges at 4 p.m. New York time on Friday. The SP 500 rose less than 0.1 percent to 1,285.09, after rallying 3.4 percent on Thursday. It was up 3.8 percent since Oct. 21. The Dow Jones Industrial Average added 22.56 points, or 0.2 percent, to 12,231.11. The Russell 2000 Index of small companies retreated 0.6 percent. U.S. equity options expired Friday. Stocks rose Thursday, extending the best monthly rally since 1974 for the SP 500, as European leaders agreed to expand a bailout fund and U.S. economic growth accelerated. Earlier this month, the index came within 1 percent of extending a drop from its peak in April to 20 percent, the common definition of a bear market. Since then, it has risen 17 percent. The SP 500 rallied above the average strategist forecast for its closing level on Dec. 31, the third straight year that stocks ran ahead of projections. The index closed above the year-end forecast on Nov. 4 in 2010 and on June 2 in 2009, according to data compiled by Bloomberg. German Chancellor Angela Merkel said that the debt crisis won’t be over â€Å"in a year.† Italy’s borrowing costs rose to a euro-era record at a sale of three-year bonds, driving yields higher amid concern that efforts to contain the sovereign crisis won’t be enough to safeguard the region’s third-largest economy. Fitch Ratings said part of the plan to contain debt turmoil amounts to a Greek default. European leaders may struggle to maintain the euphoria that drove the euro to its biggest one-day gain in more than a year as scrutiny deepens on their latest attempt to stem the region’s turmoil. During the third week of investing, KBIM Investment Fund fell by 3.28%. U.S. stocks fell, driving the Standard Poor’s 500 Index to its first weekly decline since September, as a disagreement on Europe’s resources to fight  the debt crisis offset a drop in the American unemployment rate. The SP 500 dropped 0.6 percent to 1,253.23 as of 4 p.m on Friday, November 4, New York time, after falling as much as 1.8 percent earlier. The gauge was down 2.5 percent this week. The Dow Jones Industrial Average slid 61.23 points, or 0.5 percent, to 11,983.24. Benchmark gauges tumbled earlier this week as Greek Prime Minister George Papandreou announced on October 31 a parliamentary confidence vote and his desire to hold a referendum on a European Union aid package needed to avert default. Equities rebounded on Thursday as Greece abandoned the referendum, moving closer to accepting the bailout. Global stocks slumped on Friday as the Group of 20 nations failed to agree on increasing the International Monetary Fund’s resources to fight Europe’s debt crisis. Ruling party lawmakers urged Papandreou to step aside and allow the formation of a new government that can approve the bailout plan for Greece. The unemployment rate unexpectedly fell to a six-month low of 9 percent from 9.1 percent, even as the labor force expanded. The 80,000 increase in payrolls followed gains in the prior two months that were revised up by 102,000. Financial stocks had the biggest decline in the SP 500 among 10 industries, falling 1.4 percent as a group. During the fourth week of investing, KBIM Investment Fund rose by 1.17%. U.S. stocks rose this week, restoring the year-to-date gain for the Standard Poor’s 500 Index, as improving economic data and leadership changes in Greece and Italy bolstered investor optimism. The SP 500 rose 0.9 percent to 1,263.85, overcoming a 3.7 percent decline on Nov. 9 that was the largest one-day loss since Aug. 18. The Dow advanced 170.44 points, or 1.4 percent, to 12,153.68 this week. Stocks resumed the rally that drove the SP 500 up as much as 20 percent since the first week of October. Equities gained after U.S. consumer confidence improved and Italy’s Senate approved debt-reduction measures, paving the way for a new government led by former European Union Competition Commissioner Mario Monti. Greece swore in Lucas Papademos to head a unity government. The SP 500 has rebounded 15 percent from a 13-month low on Oct. 3 as the Citigroup Economic Surprise Index for the U.S., which gauges whether reports are beating or trailing estimates, climbed to a seven-month high. The benchmark measure of U.S. equities rose 2 percent on Thursday, preventing a second weekly drop, after  a gauge of consumer sentiment topped estimates in November and reached the highest level since June. The Labor Department said on Nov. 10 that the number of Americans filing applications for unemployment benefits fell to the lowest level in seven months. Stocks tumbled on Nov. 9 as yields on Italian government bonds surged, fueling concern European leaders will struggle to fund bailouts. During the fifth week of investing, KBIM Investment Fund fell by 3.71%. U.S. stocks fell, sending the Standard Poor’s 500 Index to its worst weekly loss in two months, as Spanish, French and Italian bond yields rose and Fitch Ratings said Europe’s debt crisis poses a threat to American banks. The SP 500 decreased 3.8 percent, the most since the week ended Sept. 23, to 1,215.65. The index closed at the lowest level since Oct. 20. The Dow fell 357.52 points, or 2.9 percent, to 11,796.16. Equities slumped this week as higher government bond yields in Spain, France and Italy spurred concern the European debt crisis is intensifying outside Greece. The SP Financials Index slumped 5.6 percent this week, the biggest drop among 10 industries, after the Fitch report spurred speculation the European crisis poses a threat to earnings. The SP 500 advanced one day this week, on Nov. 15, amid speculation Mario Monti would succeed in forming a new Italian government to battle the debt crisis, while growth in retail sales bolstered optimism in the economy. Yesterday, he won a final parliamentary confidence vote, granting full power to his new government after pledging to spur growth and reduce debt in the euro-region’s third-largest economy. The benchmark measure of U.S. stocks erased gains yesterday after Deutsche Presse-Agentur reported that Germany’s Foreign Ministry said the nation was considering the possibility of â€Å"orderly defaults† beyond Greece. The index had rallied after a measure of leading U.S. indicators signaled the world’s biggest economy will keep growing in 2012. During the sixth week of investing, KBIM Investment Fund fell by 4.07%. The euro touched a seven-week low against the dollar, falling for a fourth week, as Italian borrowing costs jumped to the highest level since 1997, adding to speculation Europe’s sovereign-debt crisis is spreading. U.S. stocks tumbled in the worst Thanksgiving-week loss for the Standard Poor’s 500 Index  since 1932 as concern grew that Europe’s debt crisis will spread and American policy makers failed to reach agreement on reducing the federal budget. The SP 500 slid 4.7 percent to 1,158.67, closing at the lowest level since Oct. 7. The Dow fell 564.38 points, or 4.8 percent, to 11,231.78 this week. The SP 500 has fallen for seven days, the longest streak in four months, and has tumbled 7.6 percent so far in November. U.S. equities erased an early advance on the final session of the week as SP lowered Belgium’s credit rating and Reuters reported that Greece is demanding private investors accept larger losses on their debt. The cost of insuring European sovereign bonds against default rose to a record this week as Germany failed to find buyers for 35 percent of the bonds offered at an auction. German Finance Minister Wolfgang Schaeuble said market turbulence sparked by the euro region’s sovereign-debt crisis will last for â€Å"a few months.† Congress’s special debt-reduction committee failed to reach an agreement this week, setting the stage for $1.2 trillion in automatic spending cuts and fueling concern that economic- stimulus measures that are set to expire will not be renewed. Still, SP reaffirmed it would keep the U.S.’s credit rating at AA+ after stripping the government of its top AAA grade on Aug. 5. Stocks fell Nov. 22 as revised Commerce Department figures showed that gross domestic product climbed at a 2 percent annual rate from July through September, less than projected and down from a 2.5 percent prior estimate. U.S. stock exchanges were shut Nov. 24 for Thanksgiving and closed three hours early on Nov. 25. Evaluation of Fund KBIM FUND PERFORMANCE WEEK 1-6 Initially, the first two weeks of the portfolio’s performance did exceptionally well. Due to extreme market conditions in Europe (European Debt Crisis), the fund was affected. The weaknesses of Europe’s common currency area, ranging from its design to a persisting dearth of bank funding and anemic economic growth, weren’t properly addressed in the measures revealed on to stem investor panic. Consumer confidence unexpectedly rose in October from the previous month, indicating the biggest part of the economy will help keep the U.S. recovery intact.  Performance fell in week 3 but stabilized in week 4 due to improving economic conditions in Europe (leadership changes in Greece and Italy), thus restoring confidence in the market. Week 4 and 5 dropped to record lows in the SP 500. This was due to the negative result of the sale of government bonds in Germany, as investors lacked the confidence it once had in what is arguably the strongest economy in Europe. The fact that the German economy was unable to raise the money it expected to with the sale spoke volumes, as it was the one country in Europe which seemed to be stable and assisted in the bailout of its struggling member countries (Greece, Italy and Spain). This also led to a huge dip in the value of the Euro currency. Overall, the fund’s performance was below expectations. There was, however, directly related to unexpected market conditions, which affected the global market adversely. Invariably, that was passed down to the portfolio. During the six week period KBIM started out with $999,984.84 and ended with $977,853.00, thus making a loss of $22,131.82. Total return was then a negative return of 2.21%. The decision was taken to hold of the selling of equities with the portfolio. Instead, the strategy opted was one of riding the storm out, and in some instances, even buying more stock, as the markets were down and the share prices down as well. This would allow for the fund to make substantial profits when the market recovered or improved, as it could only improve from this point. Bibliography Jones, Charles P. Investment Analysis and Management, Eleventh Edition John Wiley and Sons 2010 http://www.bloomberg.com http://www.imf.com

How to Improve Competitiveness of Cashmere Industry

How to Improve Competitiveness of Cashmere Industry 1. INTRODUCTION China is the largest cashmere producer in the all over the world, with the sum total output approximately accounting for over 75% of global production, followed by Mongolia, Iran, Afghanistan, and South Africa. Meanwhile, China is the top cashmere exporter with about 80% of global exportsnearly 75% of cashmere products in global cashmere consumption market are produced in China. (Report on the first Asian conference on cashmere 2007; China International Cashmere Forum 2005) Additionally, China has the unique geographical advantage which is beneficial for raising cashmere goats, among which numerous and fine varieties are herded due to the continuous and complicated ecological environment and long-term artificial selection. Furthermore, the cashmere fibre which exhibits good property in fineness, strength, elongation, is of best quality, and thus is called as gold soft or fibre diamond. Although Chinese cashmere industry owns unique resource competitive advantages, however, with the d evelopment of economic globalization, the industrial competition among countries is intensified and the dimensions of Chinese cashmere industry dilate rapidly, due to which a great number of serious problems have been exposed to the Chinese cashmere industry, These problems have become the restricting factors of favourable development of the industry, and the industry is inevitably faced with enormous challenges. Therefore, how to enhance the overall competitiveness and gain competitive advantage is of great importance to Chinese cashmere industry, which is the major content of this paper. This paper begins with the description of the theories on competitiveness, in particular the competitive advantage and Porters National Diamond Model. Then the paper analyzes the current situation of cashmere industry in China by means of Porters National Diamond Model, along with the case study of successful cashmere industries in other countries and some successful Chinese cashmere companies, to identify the key lessons that could be learned by Chinese cashmere industry and thus win the industrial competitive advantages and improve the sustainable development of the industry. 2. LITERATURE REVIEW For each country, industrial competitiveness is of great importance because it determines the industrial development level and status in the global market competition, and thus it is one of subjects of wide concern from nations to firms. 2.1 Definition of Competitiveness The insights into the question what is the competitiveness can be gained from the works of Johnson (1992), Hammer Champy (1993), Murths (1998), Barney (2001) and Esty (2001). From the point of view of Johnson (1992), competitiveness is the capability of an entity to provide more value to and better satisfy the customers than its competitors. Murths (1998) identified that competitiveness is used to demonstrate the economic strength of an economic entity with regard to its rivals within the global market where goods, services, people, skills and ideas are not subject to geographical restriction and could freely displace (Murths 1998). According to Esty (2001), competitiveness is demonstrated from the aspects of assets and processes. Assets are categorized as inherited one such as natural resources and created one like structures, which are transformed into economic returns by processes. , 2.2 Theories of competitiveness The theoretical foundation of industrial competitiveness could be classified into two theories: comparative advantage theory and competitive advantage theory. Comparative Advantage Theory David Ricardo, the classical economist, put forward the comparative advantage theory as the foundation of international trade. Comparative advantage theory demonstrates that a country should focus on the industries which have relatively higher production efficiency to exchange the goods from the industries with lower production efficiency. (Chacholiades 1990). Heckscher-Ohlin modified and extended the theory, and explained that cross-country variations in relative factor endowments could also shape the pattern of trade (Gankhuyag Ser-Od 2009). Competitive Advantage Theory In his book The Competitive Advantage of Nations, Michael Porter addressed a question: Why do some social groups, economic institutions, and nations advance and prosper?'(Porter 1990). On the basis of analyzing the characteristics of national environment, Porter addressed the theory of national competitive advantage. Michael Porter pointed out that traditional economic theories including comparative advantage theory cannot explain the sources of competitiveness. Further he stated that industrial competitiveness should be analyzed with the competitive advantage theory which indicates the different competitiveness presented with respect to the same industry in different countries or areas under the same competitive environment (Porter 1990). The main difference between comparative advantage theory and competitive advantage theory is that the former one emphasizes the comparative relationship between different industries within one country; however, the competitive advantage theory is a bout the same industry within different countries. Grant (1991) assessed the book The Competitive Advantage of Nations and expressed that at all three levelsthe firm, the industry and the nation, Porter offers new insights into the determinants of competitive advantage. 2.3 Michael Porters National Diamond Michael Porter pointed out that the ability to establish or maintain competitive advantage within international market is determined by four direct variables and two indirect variables which formed the framework of National Diamond (as seen in Figure 1) The four direct determinants are factor conditions, demand conditions, related and supporting industries and firm strategy, structure and rivalry, and the two indirect variables are chance and government. The six variables combined determine that whether a country could have a strong diamondthe competitive advantage. (Porter, 1990) A brief description of the six variables is as below: Factor condition is analyzed from the characteristics of factors of production, the processes by which they are created, and their relationship to firms competitiveness (Grant 1991). The factors are categorized as basic factors such as natural resources, climate, location and demographics and advanced factors such as communications infrastructure, sophisticated skills and research facilities (Porter 1990). For demand conditions, Michael Porter presented that home demand could provide driving force for enhancing competitive advantage, because customers demands could exert pressure to the firms (Porter 1990). Source: Porter M, The Competitive Advantage of Nations, The Macmillan Press LTD, London, 1990 Figure 1 Michael Porters National Diamond With respect to related and supporting industries: Porter stated that whether an industry has competitive advantages is closely associated with its related and supporting industries. Usually a successful industry would collectively develop with a cluster of related and supporting industries instead of standing alone (Porter 1990). Concern firm strategy, structure and rivalry, Porter identified that the different industrial characteristics within different countries determine the competitive advantages (Porter 1990). The characteristics include strategies, structures, goals, managerial practices, individual attitudes and intensity of rivalry within the business sector (Grant 1991). Chance plays a role in influencing the four direct variables and thus affects the competitive advantage. Additionally, government could provide chances and make challenges for industries even though it does not directly participate in industry competition (Porter 1990). 3. ANALYSIS ON CHINESE CASHEMRE INDUSTRY WITH CASE STUDY 3.1 Factor Conditions In the book of Competitive Advantage of Nations, Porter noted the variable of factor conditions could be hierarchically categorized as basic factors and advanced factors. The importance of basic factors is gradually reducing because the demands for basic factors have decreased along with the market globalization, which means multinational companies could purchase within the globalized market. Therefore, it is unstable to build competitive advantage on the basic factors (Porter 1990). From the point view of basic factors, China is preponderant in cashmere resources with the best quality of raw cashmere and strong product processing capacity. Meanwhile, China is a labour-intensive country thereby that is helpful in reducing labour cost and other integrated cost. In comparison with China, Scotland also possesses the advantaged cashmere resources, and the Scottish cashmere product is highly admired for its quality and finish. Although the labour cost in Scotland is not as low as in China, the Scottish cashmere industry performs much better than that in China. Therefore, basic factors are less important in determining the industrial competitiveness. While advanced factors are of importance to gain competitive advantage. Advanced factor require ambitious and continuous investment to sophisticated labour and technology expenditure. If a country would like to establish formidable and sustainable industrial competitive advantage through the variable of factor conditions, it must develop the advanced factors rather than basic factors. Unlike basic factors, advanced factors cannot be purchased but have to be developed through investment (Porter 1990). From the point view of advanced factors, in China the capacity of independent innovation needs improvement for cashmere firms. Because the Chinese cashmere industry has only developed for a short time, comparing with the European long-term established firms Chinese cashmere firms has large disparity in the aspects of technical innovation and product marketing. Meanwhile, the capacity of independent innovation is imbalanced across cashmere firms in Chinalarge firms put considerable investment on technical innovation whereas small and medium ones invest inadequately and lack of creativeness. Although some Chinese cashmere firms has started the research in the field of dyeing and spinning, some key technologies still have not been grasped unlike in developed countries. In contrast, Todd Duncan provide the evidence that advanced factors is significant for gaining competitive advantage. Todd Duncan was founded in 1867, and now it has become the European leading cashmere yarn knitting firm, which provide cashmere yarn with most fashionable colours to luxury brands such as Louis Vuitton , Gucci, Prada, Chanel, Herms and Christian Dior. Todd Duncan are well known for its production technologies. As far back as it was founded, Todd Duncan were in the lead in the field of cashmere blending yarn. Now it is still well known for its manufacturing technique in single strand. Collaborative with the most advanced textile technologies, it produces the finest and noblest yarns. In addition, in Todd Duncan, computer assisted programmes are used in dyeing procedure such as colour management. High-tech facilities like colour matcher are also used to check the colour accuracy, which is in the lead position of the industry (todd-duncan 2010). Review back to 1980s, it is because paying attention to the advanced factor such as processing technology, Chinese cashmere industry could take a turn. In 1980s, some cashmere firms led by Erdos Cashmere Group and Snowlotus Cashmere Group first introduced the most advanced cashmere carding machines and carding process from Japan. After learning the process and making further processing technology improvement, Chinese carding technique of goat cashmere made a qualitative leap, and the dehaired cashmere made-up rate and quality exceeded the international level. Thus, it enhanced Chinese cashmere industry into a new age (China International Cashmere Forum 2005). From the examples of Todd Duncan and Erdos Cashmere Group, it can be seen that Chinese cashmere industry should not only rely on the resources advantage. The rapid development of Chinese cashmere industry in the past 30 years mainly manifested the growth of cashmere firm numbers. When the industry enters into autumn, this kind of growth will be certainly restricted by the finiteness of the cashmere resources. The industry will be increasingly detailed classified into small sections which ask for higher production specialization degree. Therefore, Chinese cashmere firms must enhance the technology innovation capacity and improve the scientific and technological contents and added value for the cashmere products in order to gain competitive advantage in global competition. However, there are some barriers for Chinese cashmere industry enhancing the technology innovation. For small and medium cashmere firms, they have blockage in financing channels that cannot obtain adequate innovative resources. Additionally, the constructions of technology innovation infrastructure, investment policy and favourable legal environment are lagging behind. Only when a beneficial environment established, Chinese cashmere industry can develop technology innovation in order to produce high add-valued products. 3.2 Firm Strategy, Structure and Rivalry In terms of firm strategy, structure and rivalry, Porter identified that the competitive advantage is influencing by the different industrial characteristics which include strategies, structures, goals, managerial practices, individual attitudes and intensity of rivalry within the business sector (Grant 1991). From the point view of firm strategies, it includes competitive strategy, marketing strategy, branding strategy, etc. According to Philip Kotler, Each company must find the way that makes most sense, given its situation, opportunities, objectives and resources (Kotler 1999). At present, however, in the global market a great many cashmere products are produced in China whereas less Chinese cashmere brands could be found in the high-end market. Zhang Zhi, executive director of Erdos Cashmere Group, stated that lacking of brand building is the root cause of blocking up the development of Chinese cashmere industry (China International Cashmere Forum 2005). Most of the exporting cashmere products enter international market through OEM production, however the products in own brands are less than 10% of the total exports. Chinese cashmere industry has become the processing workshop for foreign companies. Lacking of brand build-up is the most conspicuous weakness of Chinese cashmere industry. Referring to brand building, Loro Piana provides a good example. Founded in 1924 in Italy, Loro Piana now is the largest and foremost cashmere manufacturer in the western world. On the basis of sourcing finest fibre from Northern China and Mongolia and understanding customers needs and lifestyles, Loro Piana produces cashmere goods in Italian companys own mills, creating and delivering value to consumers (Loro Piana 2010). According to Luxury Institute Survey, in European high net-worth consumers rank, Loro Piana was ranked as the best of the best luxury brands in the category of mens fashion, followed by Ermenegildo and Giorgio Armani (luxury institute 2010). One Chinese cashmere brand also performs well. 1436 Erdos, a brand belongs to Erdos Cashmere Group. Although the brand of Erdos is regarded as the most well known brand in China, it cannot arouse attention in the global high-end market. Therefore, establishing a global brand is the pursuit of Erdos Group. 1436 Erdos, taking its name from the features of its prestige cashmere fibre which is ranked as highest grade, develops finest cashmere products with top quality. On the basis of drawing up the brand strategyserving high-end markets and positioning itself as the worlds leading luxury brand in China, makes other responding firm strategies such as product and marketing strategies to improve its competitiveness in the international market. Erdos cashmere products were given to Mikado, Japanese Prime Minister and other ministers as official national gift when Chinas national leaders visit to Japan in 2008 when it was only one year since the brand established (1436 Erdos 2010). In addition, according to Porter (1990), the driving power enhancing firms to participate in international competition is of significant importance. The driving power could be raised from international demand, or local competitions or market thrust. The most relevant factor in creating and maintaining industrial competitive advantage is the powerful rivalry. In the international competition, successful industries must have got through severe domestic competition, and were forced to reform or to renovate. However, in China there are over 2000 cashmere products firms, among which most of them are incapable of developing new products or exploring new techniques. Most of the firms only can process inferior quality products on the base of imitating other brands style. The competitions among most of the cashmere firms mainly are the price competition. Thus, the current situation of Chinese cashmere industry poorly performsunreasonable redundant low-level production and disorderly competition. In contrast, taking Ballantyne cashmere as example, it presents that rivalry competition could stimulate competitiveness improvement. Ballantyne Cashmere was founded in 1921 in Scotland, now it is enjoyed by increasing consumers. At present, fashionable cashmere products developed by the fashion firms such as Ralph Lauren, Channel, Christian Dior and Givenchy are increasingly widely praised by consumers. Therefore, as the traditional cashmere manufacturer, Ballantyne has begun to consider the new comp etitors. From the performance of the competitors, Alfredo Canessa, the chairman of Ballantyne has noticed consumers changing demands thus he led Ballantyne to improve the product design by means of combining cashmere with other different textiles like silk fabric (Ballantyne 2010). Likewise, Erdos Group has begun transitions. Erdos cashmere products were complained for outdated design in the past. However, now it is making efforts to rebuild product identity. Gilles Dufour, as former art director of Channel for twenty years, has been invited as the new art director of Erdos Group to develop new cashmere product collections. Gilles Dufour introduced Erdos a semi-fashion trend which advocates the beauty of simple luxury, aiming to establish a leading luxury brand in China in order to improve the competitiveness. (Erdos 2010). Through the examples of Loro Piana, Ballantyne and Erdos Group, it could be found that the firm strategy and rivalry is significantly crucial to enhance competitiveness for both firms and industries. However, cashmere firms have to consider the following barriers when make strategies. First, there is no such a strategy that could be successfully adopted by every firm, and the suitable strategy is the best one. Second, most of the Chinese cashmere firms only pay attention to rivalry competition particularly price competition which could hinder the Chinese cashmere industry form the positive competition awareness. 4. CONCLUSION The goal of this paper is to find how to improve the competitiveness of cashmere industry in China. In order to the goal, this paper adopted Michael Porters National Diamond Model to describe the determinants which influence the competitiveness of Chinese cashmere industry. The Diamond theory identifies four direct factors with two indirect factors, namely the factor conditions, demand conditions, related and supporting strategies and firm strategy, structure and rivalry with chance and government. This paper mainly analyzed how Chinese cashmere industry performs from the aspects of factor conditions and firm strategy, structure and rivalry. Additionally, many cases of successful cashmere firms have been studied to learn the lessons from their business operations in order to provide a reference for Chinese cashmere industry. However there are some barriers should be paid attention by Chinese cashmere firms. Chinese cashmere industry should develop in a sustainable way to improve the competitiveness in global cashmere market.

The Self-Concept of Father-Absent Children in Middle Childhood Essay

The Self-Concept of Father-Absent Children in Middle Childhood   Ã‚  Ã‚  Ã‚  Ã‚  Man’s individuality embodies numerous traits and self-concept holds the predominant of these traits according to Rogers. It helps the person understand personality and social development, for it is through the developing self-concept that man form increasingly stable picture of their selves, partly, reflected by others in their surroundings (Craig;1996,p.367). As the person interacts with his environment, such as peer groups, school, community and most especially the family, these concepts are constructed. Many developmentalists believe that infants are born without a sense of self (Shaffer, 1989), therefore, we can say that we develop our self-image as we continuously grow.   Ã‚  Ã‚  Ã‚  Ã‚  Families are believed to be the first, the closest, and most influential social group in the child’s life. They provide children with the definition of right and wrong, the patterns of behaviors, the expectations and the evaluations of actions on which children base their own ideas (Craig, 1996). It is in the family where a child spends a great portion of his life mainly during the formative years. It is from the family that he receives his earliest training in proper behavior. Thus, it is the family which plays the major role in the development of his self-image (Medina, 1991). As a child grow, he begins to realize who he really is and what he is and at the same time aware of his capability.   Ã‚  Ã‚  Ã‚  Ã‚  The person’s general view of self is made up of other, more specific concepts, including the nonacademics sefl-concept, self-concept in English, and self-concept in mathematics. This self-concept evolves through constant self-evaluation indifferent situation (Shavelson & Bolus, 1992). Children and adolescents are continually comparing their performance with their own standards and with the performance of peer and also gauge the verbal and nonverbal reactions of significant people.   Ã‚  Ã‚  Ã‚  Ã‚  Moreover, a harmonious home environment can create confidence in ones own perspective of himself because it provides not only a place of residence but also an identity of mutual security and support (Sevilla, 1989). However, through the changing nature of the family structure, there are broken families and marital dissolution. Single parent families, usually are fatherless, continuously growing up which affect both their children’s ... ...hey are free to ask questions. Furthermore, the researcher will assure the subjects that the test results will be treated with utmost confidentiality. Scoring Procedure   Ã‚  Ã‚  Ã‚  Ã‚  The instruction of the scoring will be taken form the manual fo the test instruments. Corresponding points are provided for each answer. Then the number points are counted. Scoring will follow a given equivalent and through the local norms of the test, the level of self-concept of the subjects will be identified. REFERENCES: Craig, Grace. Human Development, 7th edition. New Jersey: Prentice Hall, Inc. 1996 Davidson, Kenneth J.Jr Marriage and Family: Change and Continuity. Massachusetts: Ally and Bacon: Simon & Schuster Co., 1996 Elliot, Stephen N. et al. Educational Psychology: Effective Teaching/Effective Learning. 2nd edition. USA: Brown and Benchmark Publishing,1996 Tan, Earnest L. The Development of Self-Concept Quezon City. Values Education Program of Mirian College Graduate School, 1991. Medina, Belen T.G. The Filipino Family: A text with selected Readings. Philippines: Office of Research Coordination, U.P. 1991 Easten,Nina J. Los Angeles Time Magazine, 9June 1992): 15-16, 18, 44-46.

high academic standards :: essays research papers

An Avenue to High Academic Standards   Ã‚  Ã‚  Ã‚  Ã‚  In her article â€Å"An Avenue to High Academic Standards,† Lynn Olson argues that â€Å"A prominent misconception surrounding school-to-work is that it downplays intellectual achievement,† and that â€Å"school-to-work can encourage young people to pursue education and training beyond high school.† A school-to-work program enables a student to go to a regular school and attend classes just like any other regular high school student, but they are also required to attend additional training in a â€Å"real world† work environment. School-to-work programs are achievable and attractive to students whose schools are participating and Lynn Olson does a good job of arguing her point.   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"High-quality school-to-work programs combine learning in school and in the workplace.† This makes sense, without efficient entrusted employers who are willing to participate in the school-to-work program, the support of the school would be undermined and the system would most likely fail. The school-to-work program enables students to get hands on experience within the workplace while at the same time giving them a reprieve from their textbooks.   Ã‚  Ã‚  Ã‚  Ã‚  Lynn Olson argues that there have been studies that suggest â€Å"school-to-work can help address one of the greatest problems in education: motivation.† This makes sense and I believe this to be a very accurate and significant argument. Without motivation students will find it very difficult to get things started and to complete their tasks. This not only happens with academics but in life general. Lynn Olson argues, â€Å"A majority of American teenagers in national surveys describe their education as â€Å"boring.† I can attest to that. Both in high school, and in college I have had to learn about subjects that I can careless about and because of this the motivation factor was extremely low. â€Å"Although they think it’s important to graduate, they don’t think that doing well in school matters.† I tend to agree with this. I believe that graduation is the key factor, and this is the reason why kids go to school. School-to-wor k programs can alleviate some of the boredom that studying out of textbooks can have.   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"School-to-work can help young people answer the question, â€Å"Why do I have to learn this?† Lynn Olson claims that research from various corporations, and research companies argue that â€Å"school-to-work activities can slash boredom and re-engage students in schooling.† Once again this makes sense. Give students the option to get out of the classroom and into the workforce as interns, gives them the opportunity to have a better understanding of the â€Å"real world† outside of the textbook and classroom environment.

Sexiest Language

Language is the basis to all cultures in the world, today. Whether it is in writing, sign language, or body language, it is a must in every civilization. Language is perceived differently through the male and female genders. Many forms of sexist language have been identified into three forms – language that ignores women, language the defines women narrowly, and language that depreciates women (Wetherall 276). Women have been discriminated for years. This all strings back to when the female was thought to be less of a person, since early civilization. It has been the use of masculine genetics that has concealed women. Since that time we have came a long way in equaling women’s rights. The problem now, is that language still portraits women as something less in society. The narrow definition of women in language relates to the observation that women are more often discussed in relationships, whereas men are more often discussed in what they do (Wetherall 276). A perfect example is when women are given their spouse’s last name after being married. This is a show of ownership of sorts. Women do not have accompany this tradition if they do not feel it is necessary. Language described women, in the past, in a negative manor and it is hard to break free from such stereotypes. In a study of female and male terms listed in the dictionary you will find many more unfavorable, sexual and trivializing to describe women that men (Wethrall 276). Women have taken a large leap towards equality but it will take some time before sexist language and discriminative language will cease. I did a survey where I asked twenty people, â€Å"If a girl fools around with five guys in a month and a guy fools around with five girls in a month what would you classify the man and woman? All twenty of the people I asked said the girl is a slut. Sixteen of the people said the man was a â€Å"pimp†(which is a good thing). The other four said he is a male slut. Why is this so? Just because the person is a female, she should be classified as a slut? This is how society thinks. Women should not be stereotyped this way. Men do the same things and they are thought of as the â€Å"Bomb†. I asked five men and five women how they would address a woman who was a chairperson. This is a direct statement of how or language is sexist towards women. Because of this sexist language, our society faces the consequences. Sexist view can influence people’s perception of women (Wetherall 277). Research theoretical developments on language, power and social relationships suggests more subtle and complex associations between language and social behavior than those initially used to describe the significance of sex bias in language (Wetherall 277). For example, discourse analysts explore how the production and organization of social categories in conversation are influenced by the context and function of the particular interaction (Wetherall 277). The use of sexist language makes the idea of inequality live on. When people constantly use this sexist language it becomes routine and people start to use this in their every day conversation or even just in their minds. The routinization of sex bias in language makes sexism more covert and hence a legitimate way of communicating racism (Wetherall 277). With this common and accepted racism being used in everyday life, it shows how men have maintained their monarchy in social groups. For example, when I was younger there was a girl on my baseball team who was very good, but everyone emphasized how good she was â€Å"for a girl†, not a person. Sexist language is a direct suppression of women and is so commonly used, it goes unnoticed. Though, steps are being taken to stop sexist language, for example it is not longer a policeman it is a police officer, still, there has to be more done to prevent in from existing. Our language reflects the fact that, historically women engaged in public activity that has been suspect (Jamieson 125). The whole idea is that when society speaks of a human being it is usually thought to be a male. For instance when a man is interviewed, he is judged as an individual while a woman is categorized as a â€Å"women† (Jamieson 127). Language is not only a way to communicate, but, also a way to judge the character of society. Starting at age two or three when boys and girls first learn to communicate they are placed in two separate categories. This separation continues through childhood and up to their teenage years when they become men and woman. Woman are brought up to be clean, proper, and always be on their best behavior. Men are brought up to play in the dirt, be messy, and act like tough guys. When men and woman become their own self and have their own traits they will then began to interact and communicate with each other. At this time different language will be shared with each other and many agreements as well as disagreements will occur. A man will usually overpower the woman with words, because a mans language is a lot stronger in content. As each generation goes by men have been more successful and always in a higher power position than woman have been in. In the mid 1970’s, a survey was taken, that is showing words that are used on men and their parallel meaning towards women.