Managing Uncertainty- How does the dollar affect the diamond industry Essay

Managing Uncertainty- How does the dollar affect the diamond industry in India - Essay Example In 2011, the amount of uncut diamonds was 120 million carats; as compared to the 150 million carats in 2007. This decline is alarming and is an issue of concern that needs to be addressed. The impact of the dollar on the diamond market in India Based on the complicated and complex forms of uncertainties, one can conduct an analysis of the impact that the fluctuation of the dollar has had on the diamond market in the United States. Before the 1990s, the Forex system used to be fixed; however, after the 90s, the Indian government changed the system to a model based on floating rate. The purpose of the fixed rate system was to ensure that rupee fared well against other major world currencies such as Euro, Dollar, as well as GBP. Under the floating rate, the market forces can be regarded as the determinants of supply, as well as demand of the currency. In this case, there is a decline in the value of the currency when demand is less than its supply. When the supply is less than the deman d of the currency, there is an increase in the value of the currency. ... When there are more payments made using dollars as compared to the amount of foreign currency received, what results is a huge supply of the dollar in foreign markets. Consequently, the value of the dollar will fluctuate compared to other world currencies. This has affected the diamond industry in India, which exports some of its diamond products to the United States (Poros 2011, p.65). The other reason why the dollar has witnessed massive fluctuation is because of the huge amounts of U.S dollars in foreign markets such as India. This high amount of the currency has led to its fluctuation, thus affecting the diamond market in India, which uses the US dollar as one of the major currencies while conducting trade. The fluctuation in the value of the dollar also emanates from the huge gap created by the balance of payments deficit. Over time, the U.S dollar has weakened, thus resulting to a huge BOP deficit. The fluctuation in the value of the dollar has also resulted to the reduction in the Foreign Direct Investment in India. This has significantly affected the diamond industry in India since few people wish to invest in the country. The decline in FDI does not attract investors; rather it keeps them away, thus resulting to low investments and little trade in precious commodities such as diamond (Eskeland et al 2003, p.73). The fluctuation of the dollar has also had an impact on traders who either supply the commodity to India, or import it from India after processing. The diamond market in India has also been affected by the diamond industry in China. Whereas India uses the dollar as a primary currency, China does not highly depend on the dollar. As a result, the Indian

Importance of Information Systems in Transforming Businesses. Cloud Essay

Importance of Information Systems in Transforming Businesses. Cloud Computing - Essay Example The integration of information systems has helped developers to be able to understand the needs of organizations and people who create, process, filter and distribute data using hardware and software networks. According to (Dimitris 2010), cloud computing services have an ability to assemble wide networks because they are vital tools that manage software applications. Amazon Elastic Compute Cloud, also called Amazon EC2, is an example of a web service that helps cloud computing developers manage cloud computing with ease (Agmon 2014). The service helps one to configure cloud computing capacity with minimal difficulties. The service developed by Amazon helps developers easily set up cloud computing services that will benefit their needs and be in a position to manage it well (Buyya et al, 2011). Since the inception of cloud computing, users have known its benefits and this has been noted by an increase in usage. The Amazon EC2 is an effective application when the user modifies the application to suit their organization functions (Agmon 2014). The services provided by Amazon EC2 are inexpensive and easy to use and compete favorably in the market space (Chee 2010). Information systems play a major role to facilitate cloud computing. The concept of cloud computing involves data and information not being stored at a static place, according to (Tarrant, 2014). This implies that the applications and software’s which are involved with cloud computing operate on the web these software’s have to be sophisticated, so that they can be accessed by users from different locations and still perform to their best.

W.B.Yeats and Thomas Hardy Essay Example for Free

W.B.Yeats and Thomas Hardy Essay 1. Imagery: It is the use of figurative language to create visual representations of actions, objects and ideas in our mind in such a way that they appeal to our physical senses. For example: The room was dark and gloomy. -The words â€Å"dark† and â€Å"gloomy† are visual images. The river was roaring in the mountains. – The word â€Å"roaring† appeals to our sense of hearing. 2. Simile and Metaphor: Both compare two distinct objects and draws similarity between them. The difference is that Simile uses â€Å"as† or â€Å"like† and Metaphor does not. For example: â€Å"My love is like a red red rose† (Simile) He is an old fox very cunning. (Metaphor) 3. Hyperbole: It is deliberate exaggeration of actions and ideas for the sake of emphasis. For example: Your bag weighs a ton!  I have got a million issues to look after! 4. Personification: It gives a thing, an idea or an animal human qualities. For example: The flowers are dancing beside the lake.  Have you see my new car? She is a real beauty! 5. Alliteration: It refers to the same consonant sounds in words coming together. For example: Better butter always makes the batter better. She sells seashells at seashore. 6. Allegory: It is a literary technique in which an abstract idea is given a form of characters, actions or events. For example: â€Å"Animal Farm†, written by George Orwell, is an example allegory using the actions of animals on a farm to represent the overthrow of the last of the Russian Tsar Nicholas II and the Communist Revolution of Russia before WW II. In addition, the actions of the animals on the farm are used to expose the greed and corruption of the Revolution. 7. Irony: It is use of the words in such a way in which the intended meaning is completely opposite to their literal meaning. For example: The bread is soft as a stone. So nice of you to break my new PSP! Function of Literary Devices In general, the literary devices are a collection of universal artistic structures that are so typical of all works of literature frequently employed by the writers to give meanings and a logical framework to their works through language. When such works are read by readers, they ultimately recognize and appreciate them. Because of their universality, they also allow the readers to compare a work of one writer to that of the other to determine its worth. They not only beautify the piece of literature but also give deeper meanings to it, testing the very understanding of the readers along with providing them enjoyment of reading. Besides, they help motivating readers’ imagination to visualize the characters and scenes more clearly.

Three Major Approaches Of Leadership Theory Management Essay

Three Major Approaches Of Leadership Theory Management Essay In this project we are discussed the relationship between strategic management and leadership. We also discussed in these assignments leadership styles and their impact on strategic decisions. Leaders required to those leadership style which is appropriate for them, their section, their subordinates and the business they work for. The situations leaders need varying leadership styles based on a specific task, the worker being managed and the leaders personality. The Purpose of this report to identify the different leadership styles which would help in understanding how to manage the team in the company and main focus will be on what kind of leadership style adopted by organization to run their business. It has been demonstrated in the report that what kind of different qualities required by the different levels of authority. So that there should be no misunderstanding who report to who and who is responsible for what. Criticism is done to show, if company could use another leadership style, what they are using now would be more beneficial in achieving their objectives. Manager is the person who is having quality to get the things done through others. It means that Manager is responsible for achieving the targets. Focus is given on what kind of managerial skill practised in the company for smooth running of concern. Introduction:- Leadership culture is defined by the collective action of formal and informal leaders acting together in the help of organizational goals that ultimately marks the difference. When we speak about the leadership it is the both leaders themselves and the relationship among them, the skills and behavior of the leaders are required to execute the organization strategy and make the most wanted culture. The collective leadership capabilities of the leaders acting together in the groups and across the boundaries to implement strategies. (William and Michael, 2011.) Generating the effort and commitment to work towards objectives is central to managing any human activity. People use the term effective leader to denote someone who brings innovation, moves an activity out of trouble into success, makes a worthwhile difference. They see opportunities to do new things, take initiatives, and inspire people. The most effective leaders will be people who use their energies to accomplish desired results. Leadership will focus on action and implementation. Katz and Kahn (1948). In the process of leadership three main skills such as technical, human and conceptual are necessary. Technical skill: perform the specific tasks capability to use information, methods, technique and tools are essential and get from experience, education and training. Human skills: human skills are the capability and results in working with and through individuals. Human skills include accepting of motivation and purpose of effective leadership. Conceptual skills: conceptual skills provide skills to understand the complexities on the whole organization. Through Conceptual knowledge leaders act to according to the objectives of the total business rather than only on the basis of the goals and needs have direct team. There are three major approaches of leadership theory. They are:- Historical approach Classical approach Contemporary approach Trait theory: Trait theory of leadership provides the skills to identify qualities which helpful when leading with others and jointly, these appear as a universal leadership style. Example includes understanding, fierceness, good decision making. Trait theories assume that leaders contribute to number of ordinary individually traits and features and that leadership emerges from this traits.a trait is relatively stable aspect of an individuals personality that influences behavior in a particular direction. Many people have tried to identify the personal characteristics associated with effective leaders. According to trait theory every person will be born with some traits. Trait theory says that every leader will have certain traits that make them more suited to leadership than others. A person would have these traits from birth which will be his characteristics which makes him more suitable to be leaders than others. Traits are the distinguishing personal characteristics of a leader, such as intelligence, values, self confidence and appearance Behavior theory:-according to behavior theory leaders are made not born. This theory is completely against the traits theory. Traits theory says that leadership qualities come from birth where as the classical leadership style like the behavioral theory says that they come from practice and not from birth. It says that leadership is defined, hence any person can learn those qualities required to be leader and can successfully lead when there is need for it. Leadership qualities can be adopted by looking at others. Perhaps any leader can adopt the correct behavior with appropriate training. Contingency theory:-contingency approach a model of leadership that describes the relational ship between leadership styles and specific organizational situations. An early, extensive effort to combine leadership style and organizational situation into a comprehensive theory of leadership was made by Fiedler and his associates. Contingency theory is a refinement of the situational viewpoint and focuses on identifying the situational variables which best predict the most appropriate or effective leadership style to fit the particular circumstances. Transactional approach: James Burnes (1978) distinguish between transactional and transformational leaders. A transactional leader is one who treats leadership as an exchange, giving followers what they want if they do what the leader desires. And a transformational leader is a leader who treats leadership as a matter of motivation and commitment, inspiring flowerers by appealing to higher ideals and moral values. The leader, who holds power and control over his or her employees or followers, provides incentives for follower to do what the leader wants. Hence, transactional leadership simply involves an exchange that leads to desired outcomes and transformational leadership motivates us to do more than we originally expected to do. Participative theory:-participative theory says that whatever the decision or whenever the decision is need to be made, involve everyone who is attached to that. Dont take decision solely. Reason is when everyone come together to take the decision they feel involved in it. In participative type of leadership people are more committed because they are involved in decision making. The drawback of this style would be it can confuse a leader as which course of action to be taken as there are more ideas. This can be time consuming because more people are involved decisions cannot be made quickly. Impact of managerial styles on organizational effectiveness Performance of an organization is depending upon the leadership styles which are used in that organization. Leadership style has a significant relation with organizational performance. Leadership styles put a positive and negative effect on the performance of organization depends upon the style of leadership. Leadership style of administrative supervisors put a positive effect on the performance of organization. Performance of workers will be influenced by the leadership style of a leader. It also indicates that performance of organization is also influenced by the style of leadership. Organizational performance decided by leadership style that subordinates need to know, and give feedbacks and suggestions to execution. In this course a leader can know the requirements of the subordinates and subordinate can know the demands and requirements of their role at the same time. Subordinates get their rewards when they make organizational requested performance under the leadership style of executives. This is shown by research that leadership style put positive effect on the performance of the organization. Therefore leadership style should be correctly and carefully used to motivate and guide the subordinates. There are basically three types of leaders 1: Autocratic leaders. These are the leaders who do not consult their team when they make any decision. 2: Democratic leaders. These types of leaders make decisions with the input of other group members. This style of leadership is important when team agreement matters. 3: Laissez-fair leaders. These types of leaders allow the group members to make most of the decisions. They mostly do not interfere in most of the decisions. This type of leadership works when team is highly motivated and capable. Kotter (1990) distinguishes between the terms leadership and management while stressing that organizations need both, and that one person will often provide both. Good management as brining order and consistency to an activity- through task of planning, organizing and controlling. Individuals whom people recognize as leaders have created change. Good leadership is that which moves people to a place in which they and those who depend on them are genuinely better off ,and when it does so without trampling on the rights of others.leadrs succeed by establishing direction and strategy, communicating it to those whose corporation is needed and motivating and inspiring people. Managing and leading are closely related, but differ in their primary functions- the one of create order, the other to create change. Organization needs both if they are to prosper. A manager may or may not be an effective leader. A leader ability to influence others may be based on a verity of factors others than hi s or her formal authority or position. Warren Bennis, a highly regarded leadership scholar, differentiated the extremes of Management and leadership in number of provocative ways:- The managers administrates, the leader innovates. The manager in a copy, the leaders an original. The manager maintains, the leader develop. The manager focuses on systems and structure. The focuses on the people. The managers relies on control, the leader inspires trust. The manager has a short range view, leader has a long perspective. The manager asks how and when, leader asks what and why. The manager has an eye on the bottom line; the leader has his eye on the horizon. The manager imitates, the leader originates. The manager accepts the status quo, the leader challenges it. Manager do things right, leaders do the right things. For the success leader also needs to good leadership skills .strategic leader provide a positive and professional atmosphere because they are efficiently planning and controlling the individuals and processes. Leader can produce equal attitudes in their team worker. Strategic long term decisions involve the direction of the business. If the plan and decisions are right, the business will grow and succeed. But if a business makes pure decisions, it may fail. Effective management requires an understanding of how the processes are applied and how they can be used. Management is more art than science in that managers constantly have to use their judgment and expertise. Management is the process of achieving pre-set aims and objectives through the work of others; a manager role is to:- Devise strategies and policies which will server future growth and development. Control and co-ordinate a mix of available resources-people, money, materials,-so as to earn a profit or to run the organization cost effectively. Interpret and respond to changes in economic, social and technological trends, so as to keep the organization sharp and competitive. Develop new entrants into the organization, so as to ensure its long term survival and success. Promote interpersonal communication and telephone communication systems to that the organization benefits from an open exchange of information and ideas. Effective management depends entirely on mix of: The manager personality and what style fits it best. The kind of people and tasks to be managed. The culture and benefits of the organization and the social, economic backdrop at the time. Management has to stay on their toes and use all their skills and competencies to benefits the organization and its stakeholder-employers, customers, investors, the community and so forth. According to Edward Elgar There is music in the air, music all around us, said composer.The tune heard most often by todays managers may be the constant ring of a cell phone tying them to the organization .managers can become a leader who set the pace for an organization and lead people in a different kind of performance. Leaders also find the off-key notes, bring people together and inspire them to act in ways that accomplish the organizations vision. Understanding people, communicating, building team work and inspiring others are the essentials of effective organizational leadership. By developing leadership skills in understanding human behavior, communication, teamwork and motivation, managers can boost an organizations chance of hitting all the right notes. In the organization management and leadership are both important. successful managers have to be leaders, too, because there are distinctive qualities associated with management and leadership that provide different strengths for the organization, as show in the diagram: Leader and managers qualities:- Leader qualities Manager qualities SOUL MIND visionary Rational passionate Consulting creative Persistent flexible Problem-solving inspiring Tough-minded innovative Analytical courageous Structured imaginative Deliberate experimental authoritative Initiates change Stabilizing Personal power Position power As shown in the diagram, leadership and management are different sets of skills and qualities which normally overlap within a particular person. Every individual has more of one set of qualities than the other, but ideally a manager builds up a balance of both manager and leader qualities. A main difference between management and leadership is that management promotes stability, order and problem solving within the existing organizational structure and systems. Leadership promotes and vision, creativity and change. In other words a manager takes care of where you are; leaders take you to new place.James E.Colvard, (July 2003) leadership means questioning the status qua so that out of use, uncreative, or publicly careless norms can be changed to meet new challenges. Leadership cannot replace management; it should be in addition to management .good leadership is required to facilitate the business meet current commitments,while good leadership is needed to move the organization into th e future. Richard L.Daft (2005). DRAWBACKS OF LEADERSHIP THEORY FOLLOWED The theory they had adopted in their organisation is based on assumption that leaders invest their time in educating the positive skills in the workers to perform the assigned work. Transformational leaders invest their time in building trust and convincing followers to believe in a shared vision. But Organization want instant result by forcing the leader but its a time consuming process to get result from followers so its a time consuming process can provide result instantly. In Transformational style organisation has to depend upon the leader behaviour if the leader is not intelligent and lack of inspirational communication skills and lack of experience not able to motivate the workers and organisation have to suffer.(Disadvantages of Transformational leadership) Conclusion;- In this assignment it is concluded that organizational leaders build some traits in their employees like trust, respect, fairness, teamwork and results that create a lasting impact. They put the employee should remain in the assigned work long enough to make his or her contributions clear. It clears that mainly organization had adopted Transformational Leadership style. Different qualities of different level had been discussed like, win with diversity they can hire employees from different cultures this benefits them in knowing what is liked by different cultures and although it would be helpful in getting new ideas for improvement in their process. It had been shown that Transformational leaders invest their time in building trust and convincing followers to believe in a shared vision. But Organization want instant result by forcing the leader but its a time consuming process to get result from followers so its a time consuming process can provide result instantly. Man Mangers can r aise their skill level by listening to others rather than speaking their own. This the only way which help the manager in finding whats going on in organization. To overcome the change lectures provided to every employee to understand the new method for production .So that they all put their efforts together to achieve the goals of the organization efficiency, effectively and without any wastage. To improve the company performance Managers should treat their employees equally without any partiality when the change is implemented. If they dont then employees resist change and for that wrong behaviour of the managers Organization have to suffer. According to situation leaders can use of different leadership style.

To Kill A Mockingbird Essay: Gender Roles and Feminism -- Feminism Fem

Gender Roles and Feminism in To Kill a Mockingbird When the novel, To Kill a Mockingbird, was written by Harper Lee, the Southern United States was still clinging tightly to traditional values. Southern societies pressured men to behave as gentlemen, and women were expected to be polite and wear dresses. These stringent gender roles were adhered to in small southern towns because they were isolated from the more progressive attitudes in other areas of the United States. Harper Lee documents the life of one young girl growing up in the small town of Maycomb, Alabama. Jean Louise Finch, also known as "Scout," is a young girl searching for her identity. Scout, a young tomboy, is pressured by adults who insist she should conform to the traditional role of a southern lady. Harper Lee establishes and promotes Jean’s masculinity through the use of nicknames, fighting, and masculine clothing, while contrasting her with women that fit the stereotypical female model. Â   In traditional society, parents name children according to their gender. Common names for boys include John, Robert and James, whereas Elizabeth, Sarah, and Cathy represent standard names for girls. The author gives her main character two common female titles, Jean Louise. Many southern females have two first names which reinforces their role in society as a Southern Belle, or a traditional southern lady. Lee contrasts this extremely feminine name with her masculine label, Scout. "'Scout, I'm [Jem] tellin' you for the last time, shut your trap or go home - I declare to the Lord you're gettin' more like a girl every day'" (52). It seems interesting Lee assigns Jean Louise such a manly name. Although the nickname accurately describes her personality, it does not seem a... ...she describes the pompous women. The author uses the women's conversations to emphasize the reasons Scout remains a tomboy and refuses the traits of Maycomb females. Harper Lee provides the reader with several examples of typical Maycomb females. She establishes Scout's masculinity with fighting and explains her demeanor by contrasting it with the typical female adults of the novel. The author also allows Jean Louise to wear masculine clothing and gives her a manly nickname. Therefore, the author favors Scout's unique personality and implies women do not have to act in a stereotypical manner. The book might inspire young girls to become independent and create their own unique personalities. To Kill a Mockingbird emerges as an important novel that contradicts female society and suggests that girls should not feel pressure to act in scripted "womanly" roles. Â  

Diary Of Hatchet Essay -- essays research papers

Diary of Hatchet Brian Robeson, the main character, is a very interesting kid. After the first few pages you could tell that he was strong-minded, twelve or thirteen year old kid. His parents were divorced and he spent some time with his dad. He lived far away so Brian had to take a plane. From the back of the book I knew that he gets in to a plane accident and has to survive on his own. I was surprised that the author went right to the plane wreck. I thought it would have a somewhat boring beginning like most other books I read. Brian keeps talking about how his parents got divorced and he cries every time he thinks about it. He calls it the big "secret." Brian keeps describing visions of his mom kissing some new man, not his father. You can tell that he takes the divorce very seriously and sometimes gets emotional. 10/05 In this part of the book, Jake, the pilot, has a heart attack and dies. To be honest, I, myself, have thought about what I would do if I was on plane and the pilot died. I really don't know what I would do, I don't know how to fly a plane. Luckily, Brian had been taught by Jake how to fly the plane. Brian didn't know how to land so he flew the plane into a lake. This part of the book was hard to believe, there was a lot of "coincidents." Brian showed his intellectual side when he realized that when Jake was suffering from his heart attack he turned the plane to the left. That could greatly increase the time it ...

The five pillars of today’s security techniques

With increased incidents of security intrusions more emphases is being put in Information Systems Security. Corporate data needs to be protected at all cost. A compromise on system security could cost an organization millions in data loss and strategic information spilling. Thus, a formidable security system is an investment any organization running data traffic on corporate and public networks should implement. Information system security can be enhanced through the following:Protection:Firewalls employ selective rules to grant or deny access to data traffic in to the intranet. To limit access to a website, you might decide to block the associated FTP port.   Firewalls may also be configured to block all traffic apart from a few, listed. For example to limited access to common World Wide Web traffic, you may just block port 80 or 8080.Intrusion prevention:Intrusion prevention systems combine the strengths of firewall and IPS. It examines network traffic like IDS and determines whe ther to pass any given traffic like firewalls.The IPS assesses traffic patterns to evaluate the type of network access and to determine whether it should be permitted. While IDS can only note an ongoing attack and pass the alert to an analyst, the IPS will stop the attack by blocking traffic between the attacker and its victim.Intrusion Detection:Intrusion detection systems (IDS) actively look for intrusions in process such as forbidden websites access or Trojan horse attempting to control a workstation activity. They record dangerous patterns and alert the network security personnel. They have to be configured carefully for purposes of sending the correct information to the security personnel.Reaction:In the event of a security compromise in your organization, there is always an expected reaction.   You may react by sealing the loops e.g. in a web based information system, a poorly coded script code that skips password encryption may be corrected on an in-house programming exerci se. An off shelf application whose security has been compromised may be reported to the vendor for future provision of security updates.Documentation:All security attacks, their impact on the information system and possible sources and causes should be documented. This gives an audit trail for future consideration. Adaptive development, also takes into consideration such incidences for purposes of fixing the bugs.