Economic Assignment Example | Topics and Well Written Essays - 1000 words

Economic - Assignment Example As the name suggests, a highly competitive market is possible in the presence of a large number of buyers. Due to the presence of a large number of players, none of them has a clear control or controlling stake either on the market or on the price (Malcolm C. Sawyer, 1985). However, the competitive market operates on the basis of a number of key influential factors, which will be used to explain the case of the store under analysis. A highly competitive market means that each of the suppliers holds an insignificant share in the market, which means that the firm is small in comparison to the size of the overall market that comprises all the suppliers in the sector. As such, the influence of a single supplier on the market price is negligible and the quantity that each produces depends directly on the level of demand from consumers. The price that the firm sets therefore depends on this demand, due to which a supplier will be known as a ‘price taker’. Another factor that makes the market highly competitive arises from the identical nature and quality of the products manufactured by every supplier, which leaves the customer with very little choice to choose between the individual suppliers and brands. Thus, a high substitution of products is another major factor that contributes to the lack of governance on the price (Pass, Bryan Lowes, 1994). The consumer is well informed on the prevailing prices in the market and the producers cannot modify the price above the market price as the higher price combine with the availability of identical products from other suppliers for cheaper prices will encourage the customer to consider other providers thereby bringing the substitution effect once again into play. Suppliers have equal opportunities in terms of access to resources and labor in addition to technological improvements. Thus, improvement in production capabilities by one firm can have a spillover effect on the other competitors and require them to make similar

Assignment 2 (Management Quantitative Methods) Essay

Assignment 2 (Management Quantitative Methods) - Essay Example The research paper focuses on how individual motivation, connectedness and inter/intra-unit ties is important in knowledge transfer between individuals in organisations. Knowledge transfer and has recently been gaining a lot of importance since firms are finding themselves in increasingly competitive markets and are realizing their need to be more creative and innovative. Its importance has grown in recent decades for three related reasons. First, knowledge appears to be an increasing proportion of many organizations total assets2. Second, organizations have moved away from hierarchical methods of control toward more decentralized organizational structures and increased employee involvement. This has resulted in more knowledge transfer as employees are more involved in the decision making of the companies and has reduced organizational paths through which information travels. Finally, advances in information technology have created new means of knowledge transfer. The paper discusses how knowledge transfer is important for promoting innovation and creativity in organisations. Employees can be influenced by actions taken by the organisations to transfer knowledge so as to reach favourable outcomes. This can be done by an understanding of both what motivates the individual to transfer knowledge, as well as, structurally, with whom individuals exchange knowledge; the former is relevant to development of proper HRM policy to stimulate knowledge while the latter is indicated by an individual’s position in the knowledge transfer network of an organization. The paper also discusses how individual motivation may explain an individual’s position in the structure of the network in which innovative knowledge is transferred. Individuals that are more connected within the full knowledge transfer network of an organisation contribute significantly and lead to more innovative outcomes for the organisation. The concept of closeness centrality is used to indicate the individual’s position in the full knowledge transfer network, rather than merely observing their immediate connections. The connections an individual has may be within the own unit, while also knowledge transferred from other units, crossing unit boundaries, is believed to contribute to innovation in an important way. Transfer of knowledge in a multi-unit organisation may be difficult than transfer of knowledge in a unit that specializes in one knowledge field. This is because in a multi-unit organisation, the employees have limited information as to what activities and knowledge other employees have or are engaged in. Within a unit that specializes in one knowledge field, knowledge may also be of the tacit3 kind. Thus an individual’s capacity to contribute to the innovation processes in a firm then depends not just on his own (absorptive) capacity originating from earlier experiences, but also depends on the social, professional and hierarchical relations within t he organization. If one is not well-connected one’s contribution to knowledge transfer and thus the innovation process can be limited. Well-connected individuals can gain information of higher accuracy, van gain diverse knowledge and can collect and spread existing information more rapidly, but can also recombine existing ideas and knowledge in a novel way thus being more creative. Individual motivation is important factor for knowledge transfe

Motivation across cultures

Motivation across cultures EXECUTIVE SUMMARY The purpose of the study was to find out what motivates employees across cultures. To thoroughly study various motivational theories and international researches and studies done to relate these theories to an international perspective. To study the various aspects and psychological process of motivation and to study how to motivate employees. Research Methodology:- RESEARCH TYPE:- DESCRIPTIVE STUDY METHOD OF DATA COLLECTION:- I have used secondary data for my research. And this has been collected from:- Various internet sites. News papers. Books. Journals. Motivation Across Cultures objectives of the study DEFINE motivation, and explain it as a psychological process. EXAMINE the hierarchy-of-needs, two-factor, and achievement motivation theories, and assess their value to international human resource management. DISCUSS how an understanding of employee satisfaction can be useful in human resource management throughout the world. EXAMINE the value of process theories in motivating employees worldwide. RELATE the importance of job design, work centrality, and rewards to understanding how to motivate employees in an international context. The Nature of Motivation Motivation A psychological process through which unsatisfied wants or needs lead to drives that are aimed at goals or incentives. Motivation is the activation or energization of goal-oriented behavior. Motivation may be intrinsic or extrinsic. The term is generally used for humans but, theoretically, it can also be used to describe the causes for animal behavior as well. This article refers to human motivation. According to various theories, motivation may be rooted in the basic need to minimize physical pain and maximize pleasure, or it may include specific needs such as eating and resting, or a desired object, hobby, goal, state of being, ideal, or it may be attributed to less-apparent reasons such as altruism, morality, or avoiding mortality. The Nature of Motivation The Universalist Assumption The first assumption is that the motivation process is universal, that all people are motivated to pursue goals they value what the work-motivation theorists call goals with high valence or preference The process is universal Culture influences the specific content and goals pursued Motivation differs across cultures The Assumption of Content and Process Content Theories of Motivation Theories that explain work motivation in terms of what arouses, energizes, or initiates employee behavior. Process Theories of Motivation Theories that explain work motivation by how employee behavior is initiated, redirected, and halted. The Hierarchy-of-Needs Theory The Maslow Theory Maslows theory rests on a number of basic assumptions: Lower-level needs must be satisfied before higher-level needs become motivators A need that is satisfied no longer serves as a motivator There are more ways to satisfy higher-level than there are ways to satisfy lower-level needs The Hierarchy-of-Needs Theory International Findings on Maslows Theory With some minor modification researchers examined the need satisfaction and need importance of the four highest-level needs in the Maslow hierarch Esteem needs were divided into two groups: Esteem including needs for self-esteem and prestige Autonomy including desires for authority and opportunities for independent thought and action The Hierarchy-of-Needs Theory International Findings on Maslows Theory The Haire study indicated all these needs were important to the respondents across cultures International managers (not rank-and-file employees) indicated the upper-level needs were of particular importance to them Findings for select country clusters (Latin Europe, United States/United Kingdom, and Nordic Europe) indicated autonomy and self-actualization were the most important and least satisfied needs for the respondents Another study of managers in eight East Asian countries found that autonomy and self-actualization in most cases also ranked high. The Hierarchy-of-Needs Theory International Findings on Maslows Theory Some researchers have suggested modifying Maslows Western-oriented hierarchy by reranking the needs Asian cultures emphasize the needs of society Chinese hierarchy of needs might have four levels ranked from lowest to highest: Belonging (social) Physiological Safety Self-actualization (in the service of society) The Hierarchy-of-Needs Theory International Findings on Maslows Theory Hofstedes research indicates: Self-actualization and esteem needs rank highest for professionals and managers Security, earnings, benefits, and physical working conditions are most important to low-level, unskilled workers Job categories and levels may have a dramatic effect on motivation and may well offset cultural considerations MNCs should focus most heavily on giving physical rewards to lower-level personnel and on creating a climate where there is challenge, autonomy, the ability to use ones skills, and cooperation for middle- and upper-level personnel. The Two-Factor Theory of Motivation The Herzberg Theory Two-Factor Theory of Motivation A theory that identifies two sets of factors that influence job satisfaction: Motivators Job-content factors such as achievement, recognition, responsibility, advancement, and the work itself. Hygiene Factors The Two-Factor Theory of Motivation The Herzberg Theory The two-factor theory holds that motivators and hygiene factors relate to employee satisfaction a more complex relationship than the traditional view that employees are either satisfied or dissatisfied If hygiene factors are not taken care of or are deficient there will be dissatisfaction There may be no dissatisfaction if hygiene factors are taken care of there may be no satisfaction also Only when motivators are present will there be satisfaction Views of Satisfaction/Dissatisfaction The Two-Factor Theory of Motivation International Findings on Herzbergs Theory Two categories of International findings relate to the two-factor theory: One type of study consists of replications of Herzbergs research in a particular country Do managers in country X give answers similar to those in Herzbergs original studies? The others are cross-cultural studies focusing on job satisfaction What factors cause job satisfaction and how do these responses differ from country to country? Two-Factor Replications A number of research efforts have been undertaken to replicate the two-factor theory they tend to support Herzbergs findings George Hines surveyed of 218 middle managers and 196 salaried employees in New Zealand using ratings of 12 job factors and overall job satisfaction he concluded the Herzberg model appears to have validity across occupational levels A similar study was conducted among 178 Greek managers this study found that overall Herzbergs two-factor theory of job satisfaction generally held true Cross-Cultural Job-Satisfaction Studies Motivators tend to be more important to job satisfaction than hygiene factors MBA candidates from four countries ranked hygiene factors at the bottom and motivators at the top while Singapore students (of a different cultural cluster than the other three groups) gave similar responses Result:- Job-satisfaction-related factors may not always be culturally bounded Lower- and middle-management personnel attending management development courses in Canada, the United Kingdom, France, and Japan ranked the importance of 15 job-related outcomes and how satisfied they were with each Result:- Job content may be more important than job context Job-Context Factors In work motivation, those factors controlled by the organization, such as conditions, hours, earnings, security, benefits, and promotions. Job-Content Factors In work motivation, those factors internally controlled, such as responsibility, achievement, and the work itself. Achievement Motivation Theory The Background of Achievement Motivation Theory Characteristic profile of high achievers: They like situations in which they take personal responsibility for finding solutions to problems. Tend to be moderate risk-takers rather than high or low risk-takers. Want concrete feedback on their performance. Often tend to be loners, and not team players. A high nAch can be learned. Ways to develop high-achievement needs: Obtain feedback on performance and use the information to channel efforts into areas where success will likely be attained Emulate people who have been successful achievers; Develop an internal desire for success and challenges Daydream in positive terms by picturing oneself as successful in the pursuit of important objectives. International Findings on Achievement Motivation Theory Polish industrialists were high achievers scoring 6.58 (U.S. managers scored an average of 6.74) Managers in countries as diverse as the United States and those of the former Soviet bloc in Central Europe have high needs for achievement Later studies did not find a high need for achievement in Central European countries Average high-achievement score for Czech industrial managers was 3.32 (considerably lower than U.S. managers) International Findings on Achievement Motivation Theory Achievement motivation theory must be modified to meet the specific needs of the local culture: The culture of many countries does not support high achievement Anglo cultures and those that reward entrepreneurial effort do support achievement motivation and their human resources should probably be managed accordingly Hofstede offers the following advice: The countries on the feminine side . . . distinguish themselves by focusing on quality of life rather than on performance and on relationships between people rather than on money and things. This means social motivation: quality of life plus security and quality of life plus risk. Select Process Theories Equity Theory When people perceive they are being treated equitably it will have a positive effect on their job satisfaction If they believe they are not being treated fairly (especially in relation to relevant others) they will be dissatisfied which will have a negative effect on their job performance and they will strive to restore equity. There is considerable research to support the fundamental equity principle in Western work groups. When the theory is examined on an international basis, the results are mixed. Equity perceptions among managers and non-managers in an Israeli kibbutz production unit:- Everyone was treated the same but managers reported lower satisfaction levels than the workers. Managers perceived their contributions to be greater than other groups in the kibbutz and felt under compensated for their value and effort. Employees in Asia and the Middle East often readily accept inequitable treatment in order to preserve group harmony Men and women in Japan and Korea (and Latin America) typically receive different pay for doing the same work due to years of cultural conditioning women may not feel they are treated inequitably These results indicate equity theory is not universally applicable in explaining motivation and job satisfaction Goal-Setting Theory A process theory that focuses on how individuals go about setting goals and responding to them and the overall impact of this process on motivation . Specific areas that are given attention in goal-setting theory include: The level of participation in setting goals Goal difficulty Goal specificity The importance of objective Timely feedback to progress toward goals Unlike many theories of motivation, goal setting has been continually refined and developed There is considerable research evidence showing that employees perform extremely well when they are assigned specific and challenging goals that they have had a hand in setting Most of these studies have been conducted in the United States few have been carried out in other cultures Norwegian employees shunned participation and preferred to have their union representatives work with management in determining work goals.Researchers concluded that individual participation in goal setting was seen as inconsistent with the prevailing Norwegian philosophy of participation through union representatives In the United States employee participation in setting goals is motivational it had no value for the Norwegian employees in this study Expectancy Theory A process theory that postulates that motivation is influenced by a persons belief that Effort will lead to performance Performance will lead to specific outcomes, and The outcomes will be of value to the individual. Expectancy theory predicts that high performance followed by high rewards will lead to high satisfaction Does this theory have universal application? Eden found some support for it while studying workers in an Israeli kibbutz Matsui and colleagues found it could be successfully applied in Japan Expectancy theory could be culture-bound international managers must be aware of this limitation in motivating human resources since expectancy theory is based on employees having considerable control over their environment (a condition that does not exist in many cultures) Motivation Applied:- Job Design, Work Centrality, and Rewards Quality of Work Life: The Impact of Culture Quality of work life (QWL) is not the same throughout the world. Assembly-line employees in Japan work at a rapid pace for hours and have very little control over their work activities. Assembly-line employees in Sweden work at a more relaxed pace and have a great deal of control over their work activities. U.S. assembly-line employees typically work somewhere between at a pace less demanding than Japans but more structured than Swedens. Sociotechnical Job Designs:- The objective of these designs is to integrate new technology into the workplace so that workers accept and use it to increase overall productivity.New technology often requires people learn new methods and in some cases work faster. Employee resistance is common. Effective sociotechnical design can overcome these problems. Some firms have introduced sociotechnical designs for better blending of their personnel and technology without sacrificing efficiency Eg:- General Foods- Autonomous groups at its Topeka, Kansas plant, Workers share responsibility and work in a highly democratic environment Other U.S. firms have opted for a self-managed team approach Multifunctional teams with autonomy for generating successful product innovation is more widely used by successful U.S., Japanese, and European firms than any other teamwork concept Work Centrality:- The importance of work in an individuals life can provide important insights into how to motivate human resources in different cultures Japan has the highest level of work centrality Israel has moderately high levels The United States and Belgium have average levels The Netherlands and Germany have moderately low levels Britain has low levels Value of Work Work is an important part of most peoples lifestyles due to a variety of conditions Americans and Japanese work long hours because the cost of living is high Most Japanese managers expect their salaried employees who are not paid extra to stay late at work, and overtime has become a requirement of the job. There is recent evidence that Japanese workers may do far less work in a business day than outsiders would suspect In recent years, the number of hours worked annually by German workers has been declining, while the number for Americans has been on the rise. Germans place high value on lifestyle and often prefer leisure to work, while their American counterparts are just the opposite. Research reveals culture may have little to do with it A wider range of wages (large pay disparity) within American companies than in German firms creates incentives for American employees to work harder. Impact of overwork on the physical condition of Japanese workers One-third of the working-age population suffers from chronic fatigue The Japanese prime ministers office found a majority of those surveyed complained of :- Being chronically tired Feeling emotionally stressed Abusive conditions in the workplace Karoshi (overwork or job burnout) is now recognized as a real social problem Job Satisfaction EU workers see a strong relationship between how well they do their jobs and the ability to get what they want out of life U.S. workers were not as supportive of this relationship Japanese workers were least likely to see any connection This finding suggest difficulties may arise in American, European, and Japanese employees working together effectively Reward Systems Managers everywhere use rewards to motivate their personnel. Some rewards are financial in nature such as salary raises, bonuses, and stock options. Others are non-financial such as feedback and recognition. Significant differences exist between reward systems that work best in one country and those that are most effective in another. Incentives and Culture Use of financial incentives to motivate employees is very common in countries with high individualism. Financial incentive systems vary in range Individual incentive-based pay systems in which workers are paid directly for their output Systems in which employees earn individual bonuses based on organizational performance goals Many cultures base compensation on group membership. Such systems stress equality rather than individual incentive plans An individually based bonus system for the sales representatives in an American MNC introduced in its Danish subsidiary was rejected by the sales force because It favored one group over another Employees felt that everyone should receive the same size bonus Eg:- Indonesian oil workers rejected a pay-for-performance system where some work teams would make more money than others. Workers in many countries are highly motivated by things other than financial rewards The most important rewards in locations at 40 countries of an electrical equipment MNC involved recognition and achievement. Second in importance were improvements in the work environment and employment conditions including pay and work hours. Factors that concern employees across cultures French and Italian employees valued job security highly while American and British workers held it of little importance Scandinavian workers placed high value on concern for others on the job and for personal freedom and autonomy but did not rate getting ahead very important German workers ranked security, fringe benefits, and getting ahead as very important Japanese employees put good working conditions and a congenial work environment high on their list but ranked personal advancement quite low Conclusion The types of incentives that are deemed important appear to be culturally influenced. Culture can even affect the overall cost of an incentive system. Japanese efforts to introduce Western-style merit pay systems typically lead to an increase in overall labor costs. Companies fear that reducing the pay of less productive workers may cause them to lose face and disturb group harmony. Hence, everyones salary increases as a result of merit pay systems. Factors that motivate employees varies across culture. People from different cultures give different preferences to the factors involved. So while deciding the ways to motivate the workforce the factors that concern to that culture specifically should be kept in mind. References http://en.wikipedia.org/wiki/Motivation http://www.squidoo.com/selfmotivation http://www.willingly.net/intrinsic_motivation/encyclopedia.htm http://www.mood.ws/motivation/encyclopedia.htm http://ironfistkungfu.com/index.php?option=com_contentview=articleid=65Itemid=66lang=en http://www.answers.com/topic/motivation http://daymix.com/Motivation/ http://academic.uofs.edu/organization/faculty-senate/curriculum/HADM331.doc http://www.squidoo.com/hypnosis-motivation http://www.borrowimmediate.com/Intrinsic_motivation/encyclopedia.htm http://imotivatemyself.com/ http://www.motivationproducts.com/ http://www.absoluteastronomy.com/topics/Arousal http://www.verzu.com/search?q=Motivationalqt=3 http://www.webcrawler.com/webcrawler200/ws/redir/_iceUrlFlag=11?rfcp=TopNavigationrfcid=407qcat=Webqkw=Motivationnewtxn=falseqcoll=Relevance_IceUrl=true http://www.webcrawler.com/webcrawler200/ws/redir/qcat=Web/qcoll=relevance/qkw=Motivation/rfcp=RightNav/rfcid=302363/_iceUrlFlag=11?_IceUrl=true http://msxml.excite.com/info.xcite/ws/redir/qcat=Web/qcoll=relevance/qkw=Motivation/rfcp=RightNav/rfcid=302358/_iceUrlFlag=11?_IceUrl=true http://kf.mysearch.myway.com/search/redirect.jhtml?qid=8D1A3BDA72F94F392B39773BD138270Daction=clickp=GGmainss=subptnrS=KFst=barcb=KFpg=GGmainord=15searchfor=Motivationtpr=jrel3redirect=GGmain.jhtmlct=RR http://highered.mcgraw-hill.com/sites/dl/free/0072920378/62068/5_5.doc http://www.examstutor.com/business/resources/studyroom/people_and_organisations/motivation_theory/4-herzbergstwofactortheory.php?style=printable http://www.projectalevel.co.uk/as_a2_business_studies/motivation_in_theory http://www.intimatecuisine.com/_cite_note-0 http://www.flashcardmachine.com/international-management-final1.html http://www.examstutor.com/business/resources/studyroom/people_and_organisations/motivation_theory/4-herzbergstwofactortheory.php

Essay --

Shelby Meeder English 15 Mr. Goertel December 2013 Ghosts Are ghosts real? That is the question that most of society deliberates day after day. The true definition of a ghost is a soul or spirit of a deceased individual that can appear in visible form or other manifestations to the living. Ghosts are of the most common paranormal belief in the world. Most people believe in ghosts because of a personal experience, whether that was seeing or sensing an unexplained presence. Who wouldn’t want to believe that our beloved family members are looking for us? Along with ghosts comes stories and eyewitnesses. When it comes to solid proof, the paranormal world does not have a good history. The only evidence to reported paranormal experience is eyewitnesses or pictures. Every domain of the paranormal relies deeply on the testimony of eyewitnesses. â€Å"The testimony of an eyewitness will often be the only evidence offered in a court of law† (Chambers). If an eyewitness is acceptable in a court of law, then why can’t it be acceptable for an apparition? On September 19, 1936, the â€Å"brown lady† was sighted yet again. Colonel Loftus was visiting Raynham Hall in England for the holidays when he saw the brown lady. He told others of his experience and more people then came forward to say they too had seen a strange figure. Soon after this experience, a photo was captured. The photo of the brown lady is â€Å"believed to be one of the best and most convincing of all known ghosts photos† (Dennis & Cohen). Another ghost sighting happened in 1919, of the Goddard’s squadron which had served in WWI. A photo was taken of the squadron, and an extra ghostly face appears in the back of the airman placed in the top row. This figure is said to be Fr... ... Lukach, Adam. "Ghost Hunting: With Zak Bagans." Chicago Tribune 30 Oct. 2012: 33. Print. Schlosser, S. E. "Axe Murder Hollow: From Ghost Stories at Americanfolklore.net." Axe Murder Hollow: From Ghost Stories at Americanfolklore.net. N.p., n.d. Web. 3 Dec. 2013. . "Top 10 Scariest Places in the US." Fox News. FOX News Network, 22 Oct. 2013. Web. 4 Dec. 2013. . Wagner, Stephen. "Freddy Jackson." About.com Paranormal Phenomena. N.p., n.d. Web. 3 Dec. 2013. . Wagner, Stephen. "The Back Seat Ghost." About.com Paranormal Phenomena. N.p., n.d. Web. 4 Dec. 2013. .

Poetry Coursework Essay

Love poems can be traced back many years, love is typically thought of as lust, commitment and sacrifice all rolled into one and here is a quote from Abraham Crowley on love â€Å"A mighty pain to love it is, and ’tis a pain that pain to miss; but of all the pains, the greatest pain is to love, but love in vain.† Love poems tend to be thought of as very conventional. Traditionally, i would expect a love poem to have comparisons, comparing their loved one to angels or goddesses and to build a image in the readers mind that their love was pure and faultless, they would also include in the poem comparisons between their loved one and goddesses or angels and would describe their facial features to something so pure and faultless. However, i have found that some unconventional love poems describe their loved ones to something ugly or dark, some may compare their loved ones to fleas and insects but yet they say that their love is pure and unbreakable. In From Fidessa written by Bartholomew Griffin which was a petrarchan sonnet written in 1596, Bartholomew Griffin talks about his lady obsessively as he uses the metaphor ‘My lady’s hair is threads of beaten gold’ which gives the reader the image that she has the looks of a goddess which fits in with the conventional images of love. It also fits in with how women were thought of in this time period as they were mainly depicted as goddesses or angels by many men, I think this is obsessive love because its like he keeps ranting on about how beautiful she is and how she is faultless in appearance he even goes as far as to say ‘Her feet, fair thetis praiseth evermore.’ This shows the kind of extent he goes to, describing her feet which shows just how obsessive his love is for this women, he says her feet, should be praised ever more this showed how deep and pure his love is, as he has even fallen head over heels with her feet which is a unsignificant part of the body to find appeasing. This is a conventional sonnet because he makes the comparisons between his lady and pure objects such as ‘beaten gold’ which is expected in a conventional sonnet. In sonnet 18 famously written by William Shakespeare and published in 1592, this sonnet was the 18th in 154 and arguably one of the better known of his sonnets as it is shrouded by mystery by the fact that he is writing a love sonnet to a man while normally love sonnets are traditionally made for women and homosexual relationships were frowned upon in those times as they were thought as ‘not natural’, Shakespeare says this man is more ever-lasting and beautiful then natures beauty, as he says ‘Shall I compare thee to a summers day? Thou art more lovely and more temperate’. This sonnet once again displays obsessive love because Shakespeare compares this man to natures finest beauty, a summer day but yet says that he simply cant for he is far better then a summer day which shows just how in love and obsessed he is with this man. This sonnet is a conventional poem depicting a type of unconventional type of love because although it has all the characteristics of a conventional poem, however it is based on a unconventional love between a man and man where as that type of love is normally shown between a man and a woman and in those times, other types of love relationships were frowned upon which make this type of love unconventional in my opinion . In From Canzoniere written by Francesco Petrarca (Petrarch) in 1484 is a conventional Petrarch sonnet where he shows the reader how strong and demanding his love is as he says ‘Could my own soul from its own self beguile’ he says that his love is so strong for this women that he feels that his soul and his body could be parted which shows just how strong he feels for this women and gives the reader a strong image of exactly how obsessive this man’s love is for this women as he then goes on to say ‘and my sad harp can sound but notes of pain’, where he basically tells the reader that although he loves this women he isn’t loved back and that all that happen is that his love turns to pain as he knows he isn’t loved back and desperately just wants to be loved by this women. This is a conventional poem as he simply is ‘head over heels’ for this woman and makes comparisons to angels when he says ‘ and the soft lightning of the angelic smile’. â€Å"Soft lightning†is a clichà ¯Ã‚ ¿Ã‚ ½ because as we know lightning is never soft it simply thunders and is rough so i believe this quote is hiding behind its true meaning because the poet says that although her smile is angelic however when angered or bad tempered the â€Å"soft† lightning within her smile begins to show and he seems not to want to upset his beloved one so he hides his true meaning within a sentence full of praise. However, in The Flea written by John Donne in 1630 it is a unconventional poem as he uses unusual things to describe his love for his beloved and shows a erotic type of love as he says ‘Mark but this flea and mark in this’ which tell us he is asking her to notice the flea and notice what he is about to state but then he goes on to say ‘and pampered swells with one blood made of two, and this, alas is more then we would do.’ He suggests that the flea connects them more then she allows as the flea has bit them both and both their blood has fused into one, he displays erotic love because all he wants to do with this woman is break the barrier between them and have sex with her, by comparing their relationship to a flea shows just how lowly he regards their relationship as he badly wants to have sex with her but yet she keeps denying him and just shows exactly how unconvertible this poem is as it goes against all the rules of a conventional poem by making comparisons between a flea and love. Also in To His Coy Mistress written by Andrew Marvell in 1652, Andrew Marvell also doesn’t follow the conventional way of a poem as he describes her shyness to go to bed with him as a devastating world story as he says ‘Had we but world enough, and time, this coyness lady were no crime’ he says that he would wait for all the time in the world has he the time and says that if so then her shyness would be no crime, which shows that he is longing to have sex with her and he goes on to say that he would wait tell ‘the conversion of the Jews’ but not all Jews would convert so he is saying that he would wait forever if he had the time but he nobody truly has all the time in the world. This is erotic love as he looks solely for pleasure although he shows his love for her he simply just wants to have sex with her and this poem is unconventional because in my opinion he doesn’t follow the conventional rules and praise her looks and compare her to angels and goddesses, he simply says that he cant wait any longer although he loves her forever. In Sonnet 130 written by William Shakespeare in 1592, this unconventional Shakespearean sonnet has William Shakespeare makes comparisons to crude and beastly things rather then things of any beauty or angelic resemblance as he starts off his sonnet by saying ‘ My Mistress eyes are nothing like the sun’ he gives out the image to the reader that her eyes are dark and have no light within them, he then goes on to say ‘If snow be white, why then her breast are dun’ this specific quote famously gives the impression that his mistress could be black as he says the word dun which meant tanned or mud – colored, in those time inter – racial relationships were frowned upon as black people were seen as second class citizens, he also adds ‘ the breath that from my mistress reeks’ the word â€Å"reeks† empathizes the point of her breath being unbearable and the poem generally shows that Shakespeare wants people to see how love really is t hat it cant be perfect as many say it is and that every person has their faults and no matter what is said love is never perfect, this is my interpretation on what Shakespeare trys to show us in this sonnet. Shakespeare also in his poem The Dark Lady he also describes his lover with hair as â€Å"wirey† which shows once again that Shakespeare doesn’t like to â€Å"sugar coat† anything he simply write exactly what he sees. In conclusion, I believe that Sonnet 130 written by William Shakespeare portrays the most effective expression of love because although its not what you expect from a love sonnet he portrays the solid truth with no sugar coating and no silver white lining to hide behind, as although it may seem as he simply is just having a rant about his mistress maybe because she has refused to go on with it a person may say but to me Shakespeare is trying to show the reader exactly what love is about, love is about putting up with the persons faults recognising them and finding a way past them and yet having a relationship together rather then letting people believe that love is about roses, heaven and everything becomes perfect, Shakespeare gives his opinion with no half-hearted approach.

Farm Size and Efficiency Comparative Profit Analysis

1. Introduction The largest and biggest contributor to Bangladesh’s economy is the agricultural sector. Seen often as the ‘unsung’ hero of our growth revolution, it still serves as the most significant industry in this country. In spite of its large contribution to employment, relatively speaking, its contribution to GNP falls short of expectations. Hence, as with other developing countries, the agriculture sector in Bangladesh can be classified as predominantly being ‘traditional’.This implies that it is mainly comprised of small households that suffer from technological stagnation, unskilled labor, and supply chain and market linkage problems. In spite of this, a modern agriculture sector does exists which enjoys substantial economies of scale. It is a well established fact that with increase in scale of output, efficiency increases up to an optimum point and this paper will put this to the test by investigating whether this holds true in the agricu lture sector as well. 2. Problem statementIdeally, government policy should be directed towards increasing the capacity of the traditional agriculture sector in order to transform it towards a more modern one. However, with a weak local government structure, lack of strategic planning and corruption, effective government support towards this sector cannot be expected. Even if policy makers could come up with viable policies to help rural farmers, it would be very costly as most of these rural farmer’s are too small and dispersed in remote areas. Therefore, any aggregate development would either fail in cost effectiveness or fail in implementations.This leads to the point that increase in farm size needs to take place in the grassroots level This paper therefore will look into the possibility of rural farmer’s joining together to ‘pool in’ their limited technology, land, labor and skills to achieve some form of economies of scale that can increase their eff iciency and lower the costs. Such a framework could be done in the style of a producer’s cooperative. An agriculture cooperative is â€Å"a type of cooperative that unites agricultural producers for production or other activities needed by the members (such as processing, marketing of output, or supply of the means of production). An increase in efficiency can be contributed to a variety of factors such as improvement in technology, more efficient use of land, increase in skilled labor etc. While individual quanitative analysis is beyond the scope of this paper, a single variable can be used to do a comparative analysis to see whether belonging to a cooperative, through which there would be an increase in farm size, actually lead to any increase in efficiency. In terms of the variable, net profit of individual farmer’s not belonging to cooperatives and that of cooperatives will be used.Hence, a hypothesis can be developed at this point: The hypothesis will therefore t est the probability that belonging to a ‘co-op’ leads to increase in profit holding output constant. 3. Literature Review There has been extensive work done farm size and efficiency, and agricultural cooperatives as an extension. Oduol and Hotta examined the effect of farm size on the productive efficiency of smallholder farms in a land–scarce Embu district of Kenya.In particular, the study seeks to establish the relationship between farmsize and three components of productive efficiency, namely technical, scale and allocative efficiency, â€Å" Farm Size and Productive Efficiency: Lessons from Smallholder Farms in Embu District, Kenya Judith Beatrice Auma ODUOL1*, Kazuhiko HOTTA2, Shoji SHINKAI2 and Masao TSUJI3† There has been extensive work done on cooperative movement in the agriculture sector by leading academics.However, a point to be noted at the very outset is that there is clear evidence of a lack of study in this field in the South Asia region. T his is not only surprising but also indicates a clear need for research and investigation of this topic with a special focus on country’s like Bangladesh as South Asia is a primary producer of agricultural products. Assistant Professor Richard J. Sexton, in his paper â€Å"Factors critical to the success or failure of emerging agricultural cooperatives† provides a powerful insight into the strength and limitations of the cooperative movement in general.He argues that a solid foundation in supply chain and market linkage is critical if agricultural cooperatives are to survive. â€Å"Agricultural cooperatives and markets in developing countries† by ANSCHEL, K. R. ; BRANNON, R. H. ; SMITH, E. D. treats the matter more specifically in context of developing countries. In his study, it was found that belonging to cooperative movement gives farmers’ a form of ‘institutional’ support to carry out its production and marketing.Furthermore, a paper titl ed â€Å"Revitalizing Market-Oriented Agricultural Cooperatives in Ethiopia† conducted in cooperation with USAID’s Cooperative Development Program by Tesfaye Assefa provides insightful analysis on a comparative study done on a developing, agriculture developing country similar to Bangladesh. This study sheds light on the fact that developing countries are particularly in need of farmer’s receiving certain technical support in order to reduce their costs. Economic analysis on this issue has been dealt with fairly in the text â€Å"The economic theory of agrarian institutions†, Bardhan, P.K. (eds. ). – Oxford (United Kingdom): Oxford University Press, 1991. Finally, the future prospects and potential of the cooperative movement has been addressed in the paper â€Å"Future Roles for Agricultural Cooperatives† by Peter Helmberger where he argued that agricultural cooperatives will take on a larger role in the coming years with the rise in linkag e with large food retailers. A paper titled â€Å"AGRICULTURAL CO-OPERATIVES: ROLE IN FOOD SECURITY AND RURAL DEVELOPMENT† investigated the link between the need for food security and the development of agricultural co-operatives.This is a highly important point as food security is seen as one of the major threats to the 21st century. The role of cooperatives into only being a profit making structure, but also a socially beneficial function in terms of addressing the question of food security should not be taken lightly. This is especially true in a country like Bangladesh where the current government is aggressively trying to address the problem of food security for one of the most densely populated countries.In terms of classifying the agriculture sector in a more academic sphere of economics, it can be deduced that a developing country’s agriculture sector is divided into the traditional agriculture sector comprising of unskilled, self sufficient rural households an d the modern agriculture sector consisting of a capital intensive, efficient, large scale producer. T. W. Schultz, in his paper highlighted the significance of transforming these traditional sectors into a more modern agriculture sectors and the possible consequences of these in the development process, Schultz T. W (1964),Transforming Traditional Agriculture, Yale University Press, New Haven. One of the underlying reasons for a larger farming structure in the form of cooperatives is the technological innovation that comes along with it. Bachman, K. L and Christensen highlighted the need to remove technological stagnation from the traditional agriculture sector in order to achieve long term development, Bachman, K. L and Christensen, R. P (1967), ‘The Economics of Farm Size’, in Southworth, H. M and Johnston, B. F. (eds), Agricultural Development and Economic Growth, Cornell University Press, Ithaca.Finally, Berry and Cline investigated the correlation in productivity a nd farming structure and found there to be a positive trend between increased output and productivity levels, Berry, D. A. and Cline, W. R. (1979), Agrarian Structure and Productivity in Developing Countries, John Hopkins University Press, Baltimore. This study provided a case in point about the possible role of cooperatives in making the traditional agriculture sector much more productive. 4. Study methodology Secondary data from the available records of Ferdous Biotech Pvt. Ltd, an agro-based company based in Gazipur has been used to compile these statistics.The data has been derived from potato farmers that the company employs in the northern region of Bangladesh. Regional variations have been held constant while similar output levels have been selected between farmers belonging to ‘co-ops’ and not belonging to them so that a single variable (profit) can be tested. Further assumptions have been made in terms of seasonal variability being minimum and fertility showing unremarkable changes. The data was tabulated and statistic measures such as central tendencies, bar charts and hypothesis testing was undertaking to infer the data.SPSS software was used for most of the data analysis. It should be noted out that some of the data was filtered out due to create an appropriate sample. 5. Descriptive statistical analysis As seen in the frequencydistribution table that in each corresponding category of data with holding output constant, the farmers belonging to co ops show a signficinant rise in profits as opposed to those not belonging to co ops. While there are certain variations, there are not signficant enough to be inferred as statistically inconsistent. A clear trend analysis of the data can be seen from the chart seen above titlted Profitibality Study.For most data, belonging to to co-ops as signified by the blue bars shows a higher trend then the red bars indiciating profits by farmers not belonging to co ops. The measures of central tendency fo r these data show a significant variation. The middle values for each profit level stands at 75650 and 73100 respectively with the highest frequency for each category (with co op and without co op) standing at 60050 and 42400 as well. The average profit shown by farmers belonging to co ops stands at 81590 while those opting out of co opt standing at 79986.These values clearly shows that belonging to a co op does lead to better off profits as seen by the higher central tendency values in each category. This can be extended to be proved through the lowest values and highest values also. The lowest value for farmers in co ops stand at 14000 while those for without co ops are at 12500. Corresponding higher values are at 160300 and 159200, with the range standing at 146300 and 73100 for co-ops and without co-ops respectively. In terms of the quartiles, Q1 stood at 42075 and 41450 for co-ops and without co-ops while Q3 stood at 121925 and 118050 respectively.It is worth noting at this poi nt that from central tendencies along, it can be inferred that consistently, farmers belonging to a larger farm size in terms of co-operatives show a higher profit levels than those not belonging to such co-operatives. However, there is significant dispersion in the data that can be seen through the standard deviation for each data set standing at 46106. 9 and 45687. 8 respectively. Dispersion between the data as used for the development of the confidence interval, the standard deviation here stands at 8636. 9.In terms of the confidence level the range is at -2556. 076 to 5763. 74 As stated in the problem statement the hypothesis will there test the probability that belonging to ‘co-ops’ leading to increase in profit holding output constant. To analyze this, a hypothesis test was undertaken using SPSS and the results are presented below: Hypothesis T-Test One-Sample Statistics NMeanStd. DeviationStd. Error Mean Profits With Co-ops3081590. 166746106. 984718417. 94519 Pro fits Without Co-ops3079986. 333345687. 855448341. 42301 One-Sample Test Test Value = 0 tdfSig. 2-tailed)Mean Difference Profits With Co-ops9. 69229. 00081590. 16667 Profits Without Co-ops9. 58929. 00079986. 33333 One-Sample Test Test Value = 0 95% Confidence Interval of the Difference LowerUpper Profits With Co-ops64373. 535698806. 7977 Profits Without Co-ops62926. 207797046. 4589 It is clear from the above results that with the mean for co-ops consistently being higher than that of profits of farmers not belonging to co-ops that the hypothesis cannot be rejected. Therefore, belonging to co-ops does tend to show a higher profitability than in absence of it. . Summary The test results clearly demonstrate that belonging to co ops show a significant increase in profits. While there are certain variations in the data, these could be due to miscalculations due to large number of sample data or through farmer’s misinterpretation of market calculations as well. There are quite a few justifications for the results that have been shown. Clearly belonging to such co ops increases the technical capacity of the farmers to achieve lower costs and higher revenues leading to increase in profits.Through marketing economies of scale, they are able to sell at a better rate while their technical economies such as specialization and indivisibility of capital allows them to achieve the lower costs as stated above. In conclusion the data clearly supports the hypothesis that belonging to co-ops is a much better option for farmers then not doing so. This leaves us with the question – in terms of farm size and efficiency, is there a role for the cooperative movement? While the tests results clearly show hat belonging to co-operatives leads to an increase in profit, this point comes with strong qualifications because a profit function in itself cannot be used to make absolute inferences regarding efficiency. This is especially true due to the fact that most of the agraria n households belong to the traditional sector and as discussed earlier, they suffer from certain problems such as technological stagnation, unskilled labor and lack of capital. These serve as a major impediment towards achieving efficiency.While belonging to cooperatives may bring in certain economies of scale which may mitigate some of these problems, the underlying problem of transforming the traditional agricultural sector a modern one would need much more than just formation of co-operatives. It requires extensive long term technological and financial investment by the government and the non government sector. There is no doubting the role of agriculture in the economy of Bangladesh, but with regards to the extent to which it can contribute to an ever modernizing economy is up for debate.Appendix I – Output (Kgs) Profit (Co-ops)Profit (Without Co-ops) 2001400012500 2501750016300 3001880017500 3502320021300 4002780026800 4503210031050 5003750038600 5504360042400 6004820042 400 6505340052100 7005960060050 7506005062300 8006005064700 8506890066300 9007350070000 9507780076200 10008340084000 10508900087060 11009750096000 115010010598030 1200110500105500 1250115600110300 1300120300117200 1350126800120600 1400130100125200 1450141500139300 1500147300148200 1550152400151300 1600156900157200 1650160300159200