Wednesday, August 26, 2020
Basic Thinking - Essay Example These errors show themselves in their thinking, inclinations, biases mutilations, personal stake and personal circumstance. In this specific circumstance, the paper fundamentally assesses Mr Herman Good EagleÃ¢â¬â¢s routine trying to attempt to make sense of the snags that essentially add to his delay. In this way, basically figured arrangements will likewise be advanced so as to empower Mr Herman deal with his time productively. In some cases, being late is a lifestyle for certain individuals. They happen to feel that they have additional time in their grasp than is extremely accessible. This sort of reasoning is both negative to a person. For instance, because of poor time the executives Mr Herman dangers losing his employment. To make sense of the elements adding to Mr Herman not keeping time, his course guide will be broke down methodicallly. Likewise, Mr HermanÃ¢â¬â¢s causes may be specialized. This implies he is terrible at assessing or approximating to what extent occasions/things take. As represented, the outcomes of running late generally run further than a great many people (Banai, 1988). Individuals will tend not to believe a person who is in every case incessantly late. In that capacity, the individual will have a negative notoriety which thusly will influence connections. A great deal of components add to making Mr Herman late. In the first place, Mr Herman is by all accounts waking somewhat late than is normal.
Saturday, August 22, 2020
Understanding Review - Assignment Example Proposals specialists saw progressive radical governmental issues as the sole expectation against misuse and viciousness. They hence positioned trust in political craftsmanship as chances to bring change. To impart to masses of individuals, the craftsmen sorted out authenticity, a style that the vast majority liked and comprehended (Barber 31). A few craftsmen, for example, Diego Rivera utilized their specialty to fight social ills. In 1950, Rivera made an aesthetically tremendous, multi-layered painting in Mexico City. He drew his thoughts from the early pioneer original copies, Pre-Columbian model, and chronicled records to make hopeful pictures out of idealistic Indian conventions, on-going protection from the predominant Spaniards, and radical attack on settler indecencies. RiveraÃ¢â¬â¢s utilization of new advancements in workmanship was utilized to fight social wrongs and had clear intrigue to liberal governmental issues, an intrigue that extended to the U.S during the period of sorrow. A large portion of looks into from works of art demonstrate that gentility neglected to satisfy the majority of the prerequisites of conventional workmanship history. In the nineteenth century, these handy restrictions didn't influence ladies so much, however in the early long stretches of the twentieth century, ladies were step by step minimized from canvases. Ladies, whose presumed powers were in instinct and feelings rather than reason were seen as unequipped for conveying emblematic and scholarly expressions appropriately. History workmanship relies upon an away from of enunciated writings, where writings are obviously utilized to meet rambling goals. So also, the demeanors required of a history craftsman started to be gendered as Ã¢â¬Å"masculineÃ¢â¬ in this manner suggesting that none of the ladies specialists would have the outlook basic to make noteworthy chronicled workmanship. Since workmanship showed and required judgment and creative mind; two or three segments of reason, they were generally connected with manliness. A thought came
Friday, August 14, 2020
Using Flickr for Business Purposes Itâs one of the most utilized and well-known, if not the most popular (that honor currently belonging to Instagram), photo-sharing sites in the world. Flickr is one of the pioneers of social networking and photo-sharing, and while it may have recently been eclipsed by others in some key respects, its core functions photo storage and sharing can provide invaluable marketing facility for businesses looking to grow their brands. © Shutterstock.com | GongToIn this article, we will explore, 1) the history of Flickr, 2) the purpose of Flickr, 3) the benefits of Flickr, 4) setting up a Flickr account, 5) using Flickr for Business, 6) Flickr terminology, and 7) best practices/case study.HISTORY OF FLICKRFlickr began, not as a standalone social media website or smartphone app, but as a series of features in a massively multiplayer online game (MMOG) called Game Neverending. The MMOG was created by Canadian husband and wife developers Steward Butterfield and Caterina Fake, and developer Jason Classon. It game failed, but the firm launched Flickr in its wake as a stand-alone site. Flickr quickly became very popular, attracting a large user base and the attention of industry publications and firms. Butterfieldâs firm, Ludicorp, was rapidly acquired by Yahoo in 2005 â" a year after launch, for $35 million. Yahoo increased user storage limits for users, but, some critics contend, failed to nurture the existing soc ial community, leaving the field open for other players such as Facebook and Instagram to grab social market share. While the integration with Yahoo â" allowing all registered users to use Flickr, grew Flickrâs user base, the transition likely cost Yahoo the engagement of Flickrâs highly active early users. It also had difficulties with mobile engagement as Yahoo Mobileâs Flickr functionality was, according to many critics, poorly designed and only for existing users. Today, Flickrs direct competitors in the photo-sharing space include Instagram, Photobucket, Shutterfly, SmugMug, Picasa, Kodak Gallery, Pinterest, and Snapfish; and in the social space, include the aforementioned plus Facebook, Google+, Tumblr, and Pheed, among others. Nevertheless, Flickr still has a huge database of organized photos, a user base of 92 million as of February 2014, and high profile users, such as The White House.PURPOSE OF FLICKRWhile Flickr was originally designed as part of an MMOG to enhance its user experience, Flickr itself was designed to allow users to organize and store photos, as well as to engage with each otherâs photo content. Today, the purpose is much the same. Users with a free account get a Terabyte (TB) of storage, which makes it excellent for archiving, especially for amateur and professional photographers, who might want to save uncompressed files for later in-depth photo editing. Flickr still has social networking tools, such as the ability to like, comment, and share content, as well as to create and join groups around a common interest. And Flickr does have mobile apps for iOS and Android operating systems, which have received praise from critics, though these have been eclipsed in usage by Instagram, among other photo-sharing apps.BENEFITS OF FLICKRFlickr can be used â" and is best suited â" for photo-sharing, photo organizing, and archiving. It is ideal for photographers and in-house creative staff, as well as marketing initiatives. You can eas ily organize photos, batch edit them, geotag them, and access them from anywhere. Flickr can be easily integrated into content management systems (CMS), such as WordPress or Drupal, for the display of your photo collection on your blog/website. You can determine who has access to what photos through robust privacy controls, as well as use filters to categorize the content they upload and/or search for. You can upload family friendly photos and/or adult content photos depending upon your brand. And you can release your photos under several different license types, such as those found under Creative Commons 2.0.Photos on Flickr can also be easily shared on your Facebook, Twitter, Tumblr or other social media account. And the free TB of storage, which can be used to download photos of any size, is far more than the amount offered by other photo sharing sites. Google, for example, offers unlimited space to download files that are of a maximum size of 2,048 pixels; however, it charges $5 0.00 per month for a TB with an unrestricted download size. Flickr offers Free, Doublr (which offers 2Tbs of storage) and Pro accounts which offer unlimited storage.Further, its social media network allows you to extend your brand online, build brand awareness, generate leads, and enhance SEO. There are over 10 million Groups to join, each based on a common interest. Flickr mail lets you connect with other Flickr users. The Explore link leads to Flickr curated photos; those selected are usually unique or popular or both. And Flickrâs mobile app allows you to shoot and edit 30 second videos â" a direct challenge to Vine and Instagram.Last, but certainly not least, is the fact that Flickr claims no ownership rights of the photos uploaded onto its site, unlike some other popular photo-sharing social media sites.SETTING UP A FLICKR ACCOUNTTo set up a Flickr account, first you need to set up a Yahoo account, which is both free and simple. Visit www.yahoo.com. Select Flickr from the to p of the page, and then Sign Up on the following page. You will be prompted for some personal information on the following page. Once you do so and click Create Account, you will be prompted to create a Flickr username, which ideally should be either your brand or a term closely related to it. You will then sign in and be ready to upload photos.Before you upload your photos, there are a few things to consider:How will you organize your photos hierarchically? What albums, collections, and tags will need to be used to ensure that your photos are arranged in a user-friendly manner?Is there a particular naming convention you plan to employ?What rights will users have to access and use the photos?Are your photos high quality and/or unique? Flickr users engage more with photos that are both, so if you may want to consider doing away with the randomly snapped smartphone shots.What size will your photos be stored in? Because of its capacity, you donât really have to worry about compressin g your photos to save storage space. You have the option of limiting user downloads to a particular size, which may deter users from downloading them for unauthorized use.What do the photos you choose to display say about your brand?How will you integrated Flickrs content distribution capabilities with your content roadmap and/or third-party social media management tools, such as HootSuite? How will you integrate it with your website? And how will you integrate it with your existing digital archive?What metrics will effectively measure the success or failure of your Flickr usage? Comments? Shared photos? Make a determination and enable the Stats tool in Flickr to track your progress.Itâs a good idea to explore the site, read through best practices for sharing and storing photos on Flickr, and answer those questions well before you start uploading photos. USING FLICKR FOR BUSINESSEven given its diminished standing within the ranks of social media tools, there are still many benefit s to using Flickr for Business, first and foremost, displaying and archiving photos.Displaying and archiving photos and videoMany firms struggle with warehousing their digital photo collections. Even though they do not take up the physical space of a printed photo, they do take up server space (and depending on the file format, they can take up quite a lot of it). A Flickr professional account, which costs a mere $50.00 a year, affords you unlimited server space, which can greatly reduce the strain on your own internal data warehousing resources, and the cost of acquisition of dedicated storage space for your photos. Further, Flickr tools, such as Organizer, make it easy to label, categorize, tag, and source your photos, individually or en masse, for posterity.Flickr allows users to make their photos or publicly visible. Integration with WordPress, through Plugins, is seamless; other CMS can display Flickr content on webpages as well. And even if yours cant, you can always add a lin k to your Flickr photo collection online. Further, Flickr can be a great place to find stock photos to display on your website â" in many cases much cheaper than those on existing stock photography sites.That one TB can also be used to upload videos, either those shot with Flickr tools or others. As of yet, Flickr does not add advertisements to videos you choose to display publicly on Pro accounts. You can upload high definition videos of up to 1GB each that last for up to 3 minutes.Extending reach and visibilityStoring your photos on Flickr not only gives you the capability to share your photos on existing social networks, but you can also connect with fellow Flickr users, and share and comment on photos on the site itself. And Flickrâs users are active and engaged: one million photos are shared per day on the site. Sharing photos here allows people another way to connect with your brand. You can use Flickr as a photo portfolio, photo directory of your products, or archive. And if you use the site for archiving purposes â" dumping most if not all of your photos on the site and making them publicly visible (as opposed to carefully curating content), candid, imperfect photos, as well as staff photos, may help humanize your brand.Flickr also provides visitors the option to print photobooks from albums and collections of photos, which can expand your reach.Expanding your networkFlickr may not rival Facebook or Twitter in terms of social network reach. However, as a free service offered to Yahoo customers, it does still have a formidable number of registered users. You can network by clicking the Invite Your Friends link under Contacts, to import your email contacts database to Flickr, see which members of your network/customer list/target consumers are already on Flickr, and invite those who are not. You can join Groups and engage with Flickr users, peruse pages of individual Flickr users, and highlight other users in Galleries you create, to engage Flickr us ers and grow your list of Contacts. From this base, you can build brand awareness, generate sales leads, and conduct product and market research.You can also optimize photos, tags and titles to appear high in search results, which can make your brand more visible. Be on the lookout for pictures of happy consumers using your product or service and display these prominently on your Flickr page and on your website. FLICKR TERMINOLOGYThe following is a short list of terms that are essential to using Flickr optimally.Tag: a way to organize photos by assigning them unique words or short phraseGeotag: geotagging is a form of tagging in which you can categorize your photos by the geographic location in which they were takenAlbums (formerly sets): a group of photos, organized by a Flickr user according to their criteriaCollection: a group of photo albumsGalleries: a collection of third-party photos on Flickr that you curate and can comment on. Galleries are limited to 18 photosFlickr Badge: an HTML or Flash photo that showcases your pictures â" either all of them, an album, or a group sharing a common tag. You can use BadgesContacts: Flickrâs versions of friends or followers. You should strive to build a large base of contacts, consisting of members of your target market and influencers.Photostream: a Flickr usersâ unique feed of photos, which can appear to them based on their preferences, as one of several different views, including a slideshow, a justified view, and a chronologically-ordered archiveFor a deeper dive, thereâs also a handy guide to Flickr slang on Flickr here.BEST PRACTICES / CASE STUDYYou should familiarize yourself with Flickr, its Community Guidelines, and its community before establishing a presence there. Some of the best practices for Flickr usage are readily apparent, such as filling out your profile information completely to make sure people can find you, and describing photos fully to enhance their visibility. Others are fairly intuitiv e, such as avoiding the hard sell on a network meant for photo sharing and engagement. Others include:Upload photos in such order that your best photos are last. These are the photos that will show up first the Photostreamsâ of your Contacts;Upload your photos in real-time to increase interest in your event or initiative;Take great pictures, which makes it more likely that you will gain Contacts;Creating groups relevant to your target consumers and sharing content of interest with them;Create Flickr Badges and embed them on your website and/or blog to share your photos with its visitorsUse Flickr to share your photos on Facebook, Twitter, and Tumblr.Create and join Groups of interest to your Contacts, target consumers, and influencers, and engage members of these groups fully.Review and assess your data on a regular basis, by enabling statsA number of brands have successfully incorporated Flickr into their social media, as well as their broader marketing, strategies. One such bran d is Graco â" the baby product manufacturer. In 2007, Graco realized it needed to engage active parents over a long term. Their preliminary research pointed to the fact that this target group hated hard sell commercial initiatives; their approach then became to integrate themselves into parental activities. The firm began to hold parental get-togethers, and blog about them using Flickr as a photo-sharing tool. This content strategy has enabled them to build a robust community on the photo sharing site. Using their own metrics, Graco saw a 15% increase in brand perception in 2008, as well as significant positive reviews. The blog went from 59th in the rankings of the ParentPower index within six months of launch to 34th within a year. Graco also began to post user photos of themselves or others using Graco products, as well as candid, behind-the-scenes staff shots â" to humanize its brand. By building a vibrant community around, Graco has not only seen an increase in positive impre ssions, it has also likely mitigated negative ones. Graco has endured several recalls, and has used its social channels to engage with parents â" apologizing and discussing solutions.
Sunday, May 24, 2020
Analysis Of The Stock Market Supported by The Concept of Efficient Market Hypothesis - Free Essay Example
Sample details Pages: 10 Words: 2922 Downloads: 1 Date added: 2017/06/26 Category Marketing Essay Type Analytical essay Level High school Did you like this example? Introduction: From the last several decades the efficiency of stock market has been the sole purpose of research studies. As a result, several theories have been introduced and implemented in relation to principally how the competition in the stock market will force the known information into the prices of securities. The knowledge of information on a variety of securities that are traded in the market is one of the major factors in influencing the movements of stock market. DonÃ¢â¬â¢t waste time! Our writers will create an original "Analysis Of The Stock Market Supported by The Concept of Efficient Market Hypothesis" essay for you Create order In the stock market, a securities price tends to move rise and fall depending mainly on the availability of the information. The stock prices in the efficient market correspond to available information and therefore register any rise or fall mainly when recent and unpredictable information is available. The up and down in the security prices largely depends upon the advantages and disadvantages associated with the available information and to what extent it will affect the companys performance which is represented by the security. As it is very difficult to tell whether the information available is useful or not, in the same way it is quite impossible to make predictions about the trend of the stock market, such that whether there will be an upward or downward trend in the near future by using the available information. In the financial market it is not mandatory that all professionals related to market always possess the information about the securities and have skills to evaluate t his information for their gain. The only thing the efficient market requires is that few individuals must have the information about securities and as a result of the information supplied by them, the whole market must be well informed and benefitted. Hence the available information plays an important role in determining the efficiency of the stock market. By focussing on the above idea, the concept of Efficient Market Hypothesis has been developed and became one of the most concentrated and debatable topic among professionals and people related to finance and stock market studies. RESEARCH AIM: The main aim of my research is to analyse the efficiency of stock market supported by the concept of Efficient Market Hypothesis. It also aims to depict the impact of the Efficient Market Hypothesis on security trading by reviewing the available literature. RESEARCH QUESTIONS: My research aims to answer the following questions: To what extent the available information, according to the concept of Efficient Market Theory, affects the security trading in stock market. What is insider trading and its impact on the efficiency of stock market. What are the various types of anomalies associated with the stock market and their effect on the stock market efficiency. LITERATURE REVIEW: In this part of my research paper I will re-examine the existing literature on the anomalies and the efficiency of the stock market. An efficient market is defined as a market where there are large numbers of rational, profit-maximizers actively competing, with each trying to predict future market values of individual securities, and where important current information is almost freely available to all participants. In an efficient market, competition among the many intelligent participants leads to a situation where, at any point in time, actual prices of individual securities already reflect the effects of information based both on events that have already occurred and on events which, as of now, the market expects to take place in the future. In other words, in an efficient market at any point in time the actual price of a individual securities already reflect the effects of information based both on events that have already occurred and on events which, as of now, the market expects to take place in the future. In other words, in an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.(Eugene F. Fama 1965) According to the Efficient Market Hypothesis, given by Fama, the ups and downs in the prices of securities in the financial market totally reflect known information at a specified period of time. In other words, Efficient Market Hypothesis states that the trading of securities by the individuals is always carried out purely based on the assumption that securities worth are always more or less than the price offer by market. Whereas, trading of securities trying to outperform the stock market will be luck instead of professional skills if current prices fully reflect all available information as well as stock markets are efficient. According to this hypothesis if new information is revealed about a firm it will be incorporated into the share price rapidly and rationally, with respect to the direction of the share price movement and the size of that movement. (Elearn -NetTel) . Efficiency is an unclear word in itself so for more clarification, in my dissertation, I will describe all types of efficiencies: operational, allocation and pricing. I will also give full detail on levels of market efficiency : weak-form efficiency, semi-strong form efficiency and strong-form efficiency. According Random walk theory , there are no trends and format that are being followed by the prices of securities in stock market. There is another fact given by this theory which says that the prices of securities in the past can not be useful for future predictions and fluctuation in prices. The Efficient Market Hypothesis and anomalies related to the stock market developed by the researchers always contrasts with each other. The search for anomalies is effectively the search for systems or patterns that can be used to outperform passive and/or buy-and-hold strategies. (Invest Home) . With the invention of any anomaly, there is always a kind of exploitation by the investors of the anomalies discovered in order to increase their profit. This practice make the anomaly disappear with the passage of time. There are so many internal and external factors of the entities that affects the operations of stock market and those factors are often known as Anomalies which plays an important role in over performing or under performing the operations of the stock market by taking into consideration the fact that these anomalies have good or bad effect on the prices of stocks and entities. There are different types of anomalies and some of the anomalies are discussed. Fundamental Anomalies: First type of anomaly is fundamental anomaly which basically depends upon the price of the stock and on the past performance of the entity due to which stock prices rises or fall. Several anomalies of these kinds exist related to the growth, present value and profitability of the companies concerned. Under fundamental anomaly, there exist a most historical and famous anomaly named Value investing and is regarded as the most appropriate strategy for investment purposes. These anomalies depend on the stock value and companys performance based on which the stock prices go up or down. A technique used is to divide the given index into high price and low price to book value stocks. The low price to book concept was developed by Eugene Fama and Keneth French favouring the hypothesis that lower risk is attached to value stocks whereas the stocks with growth are attached with higher risk. According to another anomaly named as low price to sales, stocks with low price to sales ratio perform better then high price to sales ratio. According to James P. O Shaughnesey, prices are the only strongest determinant of excessive return. There are several studies which advocates that stocks having low P/E ratio always perform better in the market as compared to stocks with high P/E ratios. In the same manner, the stocks with high dividend yield are better performers than stocks with low dividend yields. There are some other stocks named as neglected stock and are chosen by those with the contrarian strategy. A study was conducted by F.M DeBondtand Richard Thaler on 35 best and worst performer stocks between 1932 and 1977 in New York Stock Exchange and came out with the result that the performance of best performer stocks in the stock exchange falls whereas the stocks with bad performance in the past showed better results when compared to the results of the same stock in the past. Technical Anomalies: Another types of anomalies in which past prices and statistics are used to predict the prices of securities are known as technical anomalies. The techniques used in these types of anomalies include strategies related to support and resistance, moving averages and strength. Some researchers are against the method of technical analysis and say that the investors are hardly benefitted from these technical analysis techniques where as some researchers argue that there is enough evidence and facts that are sufficient to say that the technical analysis method is favourable for the investors. According to technical analysts, the selling of stocks is influenced by the resistance level whereas the buying is influenced at the support level. A signal to sell the stock is developed in case the support level is penetrated by the price whereas a signal to buy the stock is produced in case price penetrated the resistance level. According to the conclusion made by William Brock, Josef Lakonishok, and Blake LeBaron, the outcomes are reliable with technical rules having forecasting power. But at the same time the cost related to transaction must be taken into account before implementing such concepts and strategies. Another conclusion given by them says that the stock returns generating is more complicated and different process as compared to the results obtained by conducting different studies and researches using various linear models. Calendar Anomalies: Calendar anomaly is another type of anomaly in which various effects are included. In January effect, general and small stocks perform abnormally better in the month of January. Philippe Jorion and Robert Haugen say that, the January effect is, perhaps the best-known example of anomalous behaviour in security markets throughout the world. An interesting fact about January effect is that it lasted for nearly two decades whereas any anomaly hardly survive as traders start taking advantage of the anomalies which results in vanishing of anomaly. Another effect named Turn of the Month was founded by Chris R. Hensel and William T. Ziemba, according to which, in between period 1928 to 1993, the returns for the turn of the month performed well and considerably greater than normal performance. According to study, those investors who make regular purchases may be benefitted if they make schedule to do the purchasing at the end and prior to the starting of next month. In addition to these eff ects another effect is known as Monday effect and is considered to be the worst day in stock market if investments are made on this day. According to study conducted by Lawrence Harris, the week end effect occurs during first 45 minutes of buying and selling whereas prices shows upward trend during the first 45 minutes of trading on all other days. This kind of anomaly may occur due to moods and behaviour of people after weekend holidays. Other Anomalies There are certain other facts that are responsible for affecting the operations of stock market. The size effect, announcement based effect, IPOs, Stock buybacks, insider transactions and S and P game. According to Fama and French (1992), the book to market ratio as well as the size capture the cross-sectional variation of average stock returns in NYSE, and Nsdaq securities. A complete investigation of book to market was provided by Tim Loughran in relation to dimensions of firm size, exchange listings etc and experimental findings of French and Fama are basically forwarded by two features of the data which includes relatively low returns on small, new and growing stocks. Srinivas Nippani, Augustine C. Arize study three main US corporate bond market indices by taking into account calendar based anomalies between the years 1982-2002. In the analysis, the whole bond market as well as two broad classes of industries namely industrials and utilities were taken into account. The stud y find the mixed response for the weekend effect in the overall bond index and industrial index whereas very less response to utilities index. The findings showed definite proof of January effect on the bond market. RESEARCH METHOD AND DATA: Data Collection Methods: The general idea of business research is that it is concerned with collection of data, making questionnaires and then analysing and evaluating the collected data. In addition to this, the identification of problem and the approach needed to solve the problem is also important. (Ghauri et al., 1995). Data sources are often referred to as the carriers of data information. Basically data sources are divided into two categories namely primary data and secondary data. Primary data is concerned with the interviews and observations collected while conducting research project where as, secondary data is collected by others and academic and non academic sources are included in this type of data. In my topic of research which is to study the efficiency of stock market, I want to use the Desk method that is secondary data collection method. This includes the gathering of information from sources like books, journals related to my topic of research, and from electronic media like internet w hich is one of the major sources of information. These all sources of information will be helpful for the accomplishment of my research. DATA SOURCES: As I have already describe that I will use secondary method in my dissertation so I have to search a lot for this topic and for this search my main resource is FBES (Faculty of Business, Environment and Society) which provides the best online business information services which is also including the digital management library. Some of the main sources (journal databases) for my research area are given below: EBSCO Business Source. Business Source Premiere. Emerald. Science Direct. NetLibrary. Overall these cover hundreds of journals, and give access to up to a million journal articles. EXPECTED OUTCOMES: While reviewing all the information from available literature on efficient market hypothesis, operations of stock market, price fluctuations and the anomalies of stock market, I have come to the conclusion that the following outcomes could be possible and predictable from my research, If the stock market is efficient then no information can play any role in making any change towards the performance of stock market. The efficient market hypothesis is expected to take any of the following forms which are weak, semi-strong and strong which purely depends upon the availability, and trueness of the past and present information about the stock concerned in the stock market. The anomalies like technical anomalies could be of great help to the researchers and analysts to predict the changing trend in the prices of stocks in the stock market but the transaction cost is the cause of concern while using such technical method. There are some other stock market anomalies which purely depend upon the internal and external factors of the entity and may result in fluctuations in the stock market. The anomalies related to stock market exist for short period of time but function against the concept of efficient market hypothesis and in my research I will find out the facts relating to the vibrations in the stock market as a result of these anomalies. LIMITATIONS AND EXPECTED DIFFICULTIES: While conducting my research I have to face certain difficulties and limitations which may occur during the course of my research. As my research involves the collection of secondary data, I have to be quite aware of the limitations that may arise due to the nature of data. Some of the limitations that are possible are as follows It could be possible that the theory and data we collected for our research is unclear and is not helpful for the companies in their decision making. It is important to check the source of the information as it could be wrong and misleading. It is possible that the theory is quite old for studies and research purposes in todays rapidly developing world. The theory may not be fit for application due to development of new and technological methods and techniques used for the analysis. REFERENCES: Chris R. Hensel and William T. Ziemba (1996)Investment Results from Exploiting Turn-of-the-Month Effects, Journal of Portfolio Management 22, 17-23 Elearn NetTel Financial Analysis Revised: Session 1: Market Efficiency [Online] Available From: https://cbdd.wsu.edu/kewlcontent/cdoutput/TR505r/page4.htm Eugene Fama and Kenneth R. French (1992)The Cross-section of Expected Stock Returns, The Journal of Finance 47, 427-465. Eugene F. Fama (1995) Random Walks in Stock Market Prices, Financial Analysts Journal 21, 55-59. Ghauri, P., Gronhaug K and Kristianslund I., (1995) Research methods in business studies a practical guide Hempstead: Prentice Hall Investor Home Historical Stock Market Anomolies [Online] Available From: lt;https://www.investorhome.com/anomaly.htm James P. OShaughnessy (1998) 2nd edn. What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time. New York: McGraw Hills Lawrence Harris (1986) A Transaction Data Study of Weekly and Intradaily Patterns in Stock Returns, Journal of Financial Economics 16, 99-117 Loughran Tim (1997)Book-to-Market across firm Size, Exchange, and seasonality: Is There an Effect? Journal of Finance Quantitative Analysis 32, 249-268 Marc R. Reinganum (1997) The Size Effect: Evidence and Potential Explanations, Investing in Small-Cap and Microcap Securities, Association for Investment Management and Research, 1997. Robert Haugen and Philippe Jorion, (1996)The January Effect: Still There after All These Years, Financial Analysts Journal, January-February 1996. Srinivas Nippani and Anita K. Pennathur (2004) Day-of-the-week effects in commercial paper yield rates. Quaterly Review of economics Finance 44, 508-520 Werner F.M. DeBondtand Richard Thaler (1985)Does the Stock Market Overreact? The Journal of Finance 40, 793-805.
Wednesday, May 13, 2020
Sample details Pages: 5 Words: 1570 Downloads: 2 Date added: 2017/06/26 Category Building Essay Type Research paper Did you like this example? Introduction The land of Campa Cola compound buildings owned BMC and it gave to leased to company Pure Drinks ltd, company sold their development rights to the land to three builders to construct homes. But builders, during the period of construction which is 1984, constructed around 35 more floors, which was more than BMC approved for residential purpose. During construction, authorities issued notices for fine and Ã ¢Ã¢â ¬ÃÅ"to stop construction workÃ ¢Ã¢â ¬Ã¢â ¢. DonÃ¢â¬â¢t waste time! Our writers will create an original "Construction Problem Question" essay for you Create order Builders paid their fine and resumed work they were under the impression that violation will be regularised. But they did not get Occupation Certificate from BMC. Despite, builders were illegally sold constructed flats. The residents of the buildings claimed when they were buying the flats they thought they will get the occupation certificated in due course. But Supreme Court rejected their claims and held the time of purchasing residents knew the construction was illegally. Issues Whether flat owner should be punished for builderÃ ¢Ã¢â ¬Ã¢â ¢s act? Whether Judiciary has a power to grant mercy for demolition? Whether illegal construction should have been regularizing? Judicial Interpretation In this paper researcher giving our own opinion with the help of judgment given by Chief Justice Truepenny in the case of The Speluncean Explorers. In campa cola case court held that illegality of construction cannot be propagated, i.e. illegal construction must go. For example, when judicial system understands the concept of Ã ¢Ã¢â ¬Ã âillegitimate childÃ ¢Ã¢â ¬Ã , before that there was no term for those circumstances but after when they recognized the right term. The logic behind that is if two unmarried people voluntarily had sexual relationship and if a child born in that is called as Ã ¢Ã¢â ¬Ã âillegitimate childÃ ¢Ã¢â ¬Ã , reason that his parents doesnÃ ¢Ã¢â ¬Ã¢â ¢t have legitimate relationship with each other. But the point is innocent child should be punish for his parentÃ ¢Ã¢â ¬Ã¢â ¢s act, but he had to suffer all through his life even where there was no involvement of child. The main lawbreakers are his parent s not him, why should he punished in the place of his parents act, i.e. judicial system recognized Ã ¢Ã¢â ¬Ã âillegitimate childÃ ¢Ã¢â ¬Ã so that he can use his rights as same as legitimate child. If same logic we apply in campa cola case Ã ¢Ã¢â ¬Ã âvictims (owner of flats)Ã ¢Ã¢â ¬Ã are going to suffer, where there was not fully involvement of them, at the time of committing the offence. Builders are the main law breaker in this case yet people who are living there for more than 25 years have to suffer all the consequences. In big cities it is very common that builders constructs illegal building or flats and after selling those they went off and people who bought it has to suffer all penalties. According to Chief Justice Truepenny in explorer case, he said legal rules are definite or clear cut in statues, and only court can give you definition of the legal defence for that specific rule. Cases which supports the judgment of Campa Cola case In Frien ds colony vs. State of Orissa case, court observed, builders have failed to perform their duty to follow original sanction planned, unwary purchaser in search of roof of their head, bought flats from builders, subsequently when they got to know about illegality of construction, they face the consequences. The builder filled their pocket and walk away but the honest people have to face all penalties for builderÃ ¢Ã¢â ¬Ã¢â ¢s wrongful act. In these matter local authorities also failed to perform their duty, they have engineers and police inspectors to discontinue the illegal construction, but they also failed to perform duty. They should have inspected the area of campa cola where authority clearly gave order to stop construction. The municipal rules are made for welfare of the people to provide all basic needs from government, like water, electricity etc. it is governmentÃ ¢Ã¢â ¬Ã¢â ¢s duty to think about for innocent and unwary buyers who are the victim of illegal act[5 ]. In case of Royal Paradise Hotel case, court said, if construction work had been made illegally even after notice has been issued, no authorities can regularize the construction. In further case of Dipak Kumar vs. Kolkata municipal corp., where court observed that illegal and unauthorised construction not only violates the municipal laws but also constitutional and fundamental rights of other persons. State must take an action against builders instead of innocent people; also state should take penalties or compensation for innocent people. Important facts of case In 1983, builder secured the permission from the chief minister of state raise the height of 60 feet. Revised plans submitted for construct more floors on every building are rejected by planned authority in 1984. Notwithstanding, builders resumed work, therefore Executive Engineer issued a notice regarding of Ã ¢Ã¢â ¬ÃÅ"stop constructionÃ ¢Ã¢â ¬Ã¢â ¢ under section 354A 1888 act, which says that if the needful is not done, construction will be forcibly removed. Therefore, after issued notice builderÃ ¢Ã¢â ¬Ã¢â ¢s submitted a new construction plan in 1985, but authority refused to give permission on the basis of the construction is violating the sanctioned plan, thereupon again Ã ¢Ã¢â ¬ÃÅ"stop workÃ ¢Ã¢â ¬Ã¢â ¢ notice had been issued. In 1994 engineer, Shri Jayant Tipnis submitted another amended plans, but again Deputy Chief Engineer rejected the new plans. Number of occasionÃ ¢Ã¢â ¬Ã¢â ¢s builderÃ ¢Ã¢â ¬Ã¢â ¢s has been informed to stop construction, but every time they refused to follow it. During this course many purchaser were came for buying flats and agreement made between them for purchasing. Each agreement it was mentioned builders had submitted an amended plans for sanction and buyers has been inspected for every document. Although, the members of the societies were knows at the time of purchasing that new planed had not been sanctioned and permission for occupation certificate had not been issued by government authorities, subsequently housing societyÃ ¢Ã¢â ¬Ã¢â ¢s member started litigation under the impression they will permitted the certificate by authority and court will regularize the building, but the High Court of Maharashtra, gave an order in favour of BMC, said that illegal construction must go, court rejected all the arguments of society and held BMC action is legally right. ResearcherÃ ¢Ã¢â ¬Ã¢â ¢s view In researcher view residents also have voluntarily participated in this wrongful act, as we discussed above builderÃ ¢Ã¢â ¬Ã¢â ¢s amended proposal was not sanctioned by competent authority, and original plan was raise only up to 60 feet height, which developers or builderÃ ¢Ã¢â ¬Ã¢â ¢s refused to follow and documents of building scrutinized by residents where it was mentioned the new plan of construction had been not sanctioned, even though people were buying the flats under the impression that building will be regularize by authority as had been going for years. They will receive the occupational certificate and BMC will regularize the building, but it didnÃ ¢Ã¢â ¬Ã¢â ¢t happened, therefore, BMC refused to give water supply and when members of society went to court in 2005 for water connection, court refused to give permission in favour of members, court gave an decision in favour of BMC, after 30 years demolition of building is morally wrong but legally right. Hypothetical Judgement and its effects on parties If we talk about for consequences after giving order for both sides, suppose the result will be in the favour of BMC, then BMC have to demolish the building, therefore people or residents become homeless, while they will suffer the wealth crisis where they have no place to stay, there is no roof on their heads. Their homes have been taken from authority where these homeless people stayed more than 25 years. In future every other person wi ll learn from this case and be careful at the time of purchasing flats or homes, thus in this way violation of such laws accordingly decreasing, further builders also be cautious for rules and regulation. Furthermore, on same logic suppose if court gives an order in favour of residents, then consequences will be positive and morally accurate in side of society. Residents just have to pay compensation for violating the law, their situations are quite well but in future again such type of case arrives then again judiciary have to think in a naturalistic way, which supports violation of such laws. Again, in big cities where such problems are very common, builders will construct the more illegal construction and sell to buyers. It would be reward for builders to fill their pockets. From researcherÃ ¢Ã¢â ¬Ã¢â ¢s view, Judiciary doesnÃ ¢Ã¢â ¬Ã¢â ¢t have any rules to prevent residents for being a victim in this case; further judiciary only works on the written rules in stat ue, which is violated by builders or developers, thus people allowed taking any action builder but outside the case, but in current situation court cannot provide any compensation or mercy from judiciary, rule has been broken therefore people have to suffer the consequences. Government or Chief Executive Council is only opportunity they have to use against the decision; itÃ ¢Ã¢â ¬Ã¢â ¢s been more than 25 years these people are living on the same building and suddenly because of the mistake of builder, they have to suffer the consequences which is morally very wrong, Government should do something for them or punish builders instead of them. Executive Council is only can grant mercy in this case. Judiciary can also provide help to these residents to give petition to Executive Council with the sign of all judges requesting to show mercy to defendants.  See, Anonymous, The Mumbai Campa Cola Society case, available at, https://ibnlive.in.com/news/the-mumbai-campa-cola-society-case-all-you-want-to-know/480489-3-237.html, last accessed on 12th august, 2014. Supreme Court of Newgarth, 4300.  Ibid.  (2004) 8 SCC 833.  Ibid.  (2006) 7 SCC 597.  Section 354A of the, Mumbai Muncipal Corporation Act, 1888.  Campa cola case.
Wednesday, May 6, 2020
The Relationship of Macbeth and his wife in Act 1 Scene 5 and 7 From the beginning of the play, the relationship between Macbeth and his wife seem to be the expected partnership in romance, however, as the play progresses, our expectations seems to change for the worst. We are informed that Macbeth desires to be King of Scotland and initially, his wife appears to be supportive of him as a wife should be but her response to this changes quite drastically as we read further on. We are first introduced to Lady Macbeth when she reads the letter which Macbeth sent to her recapping his encounter with the three witches. We will write a custom essay sample on The Relationship of Macbeth and His Wife in Act 1 Scene 5 and 7 or any similar topic only for you Order Now She now becomes aware of MacbethÃ¢â¬â¢s wish to become king but she knows that his conscience inhibits him from partaking in any risky business. She uses the phrase Ã¢â¬Å"yet do I fear thy nature, is too full oÃ¢â¬â¢thÃ¢â¬â¢milk of human kindnessÃ¢â¬ ¦ Ã¢â¬ in her opening soliloquy which suggests that he is a very kind and worthy gentleman. Ã¢â¬Å"Thou wouldst be great, art not without ambition but without the illness should attend it. Ã¢â¬ She explains how he has the ambition to become king but lacks the boldness to become violent if needed to get the crown. This helps to show how sensible and timid Macbeth can be and why Lady Macbeth has to intervene to make the situation progress further. To our surprise, Lady Macbeth appears to be the complete opposite of her husbandÃ¢â¬â¢s supposed character. She is determined to make sure that Macbeth becomes king under any circumstances that need to be undertaken. At the end of her soliloquy, she says Ã¢â¬Å"Hie thee hither, that I may pour out my spirits to thine ear, and chastise with the valour of my tongue all that impedes thee from the golden roundÃ¢â¬ ¦ which means that she wishes to persuade and talk him out of whatever may be keeping him from seizing the crown. This furthermore emphasizes her persistence to crown him as king and shower her with glory. Throughout this act, Lady Macbeth appears to be the stronger partner and this is reflected when she calls upon supernatural powers, much greater than her own, to make her less of a woman and more like a man. Ã¢â¬Å"Come, you spirits that te nd on moral thoughts, unsex me here and fill from the crown to the toe topfull of direst crueltyÃ¢â¬ ¦ She has made herself aware that she has to uphold the greater position in the relationship so that their aim of getting the crown is accomplished. The audience finds this act quite shocking as females are meant to be the fairer sex. During the rest of her call to the spirits, she develops the sense of maliciousness and ruthlessness which accentuates the depth of her serious attitude. At this point in the play, the audience has reached a full understanding of Macbeth and his wifeÃ¢â¬â¢s ambition. When Macbeth is introduced in Scene 5, he begins with Ã¢â¬Å"my dearest loveÃ¢â¬ focusing on Lady Macbeth which shows the position he holds his wife at proving quite admirable to the audience. However, Lady Macbeth shows no mercy to the situation. King Duncan planned to go to the castle that night and wished to leave tomorrow but Lady MacbethÃ¢â¬â¢s response to this was Ã¢â¬Å"O never shall sun that morrow seeÃ¢â¬ which implies he will not be leaving tomorrow leading to the cruel suggestion of death. This line reflects her decisive character showing that she is taking the lead role here. She also teaches Macbeth the way in which he must deceive Duncan and instructs him on the arts of hypocrisy as she says Ã¢â¬Å"Ã¢â¬ ¦ look like thÃ¢â¬â¢innocent flower, but be the serpent underÃ¢â¬â¢t. Ã¢â¬ By using this metaphor, it shows that she is manipulating Macbeth and challenges his feelings of guilt and pity for Duncan and replaces them with demeaning and spiteful emotions. Lady Macbeth encourages him to be deceitful to his loyal and trusting leader that is Duncan and the audience can begin to make the judgement that the evil spirits are now manifesting in Lady MacbethÃ¢â¬â¢s heart from her evil suggestions. She knows that Macbeth hasnÃ¢â¬â¢t got what it takes to make this plan work so she takes the leading role by saying Ã¢â¬ËLeave all the rest to meÃ¢â¬ at the end of Scene 5. At the beginning of Scene 7 opening with MacbethÃ¢â¬â¢s soliloquy, we as the audience, really get a sense of guilt that seeps through Macbeth. This is beyond his usual attitude so this is hard for him to cope with. He knows how much he wants to be king but what frightens him the most are the consequences. He uses the metaphor Ã¢â¬Å"If thÃ¢â¬â¢assassination could trammel up the consequence and catch with his surcease, successÃ¢â¬ ¦ eÃ¢â¬â¢d jump the life to comeÃ¢â¬ ¦ Ã¢â¬ which translated means Ã¢â¬Å"If this assassination could work like a net and prevent any consequences, he would be more than happy to risk the afterlife to do so. Ã¢â¬ Macbeth knows that Duncan is a highly respected man because of his good intentions and purely hearted nature so he is afraid if he is made known to the peopl e that he is responsible, the chances of him becoming king will be shattered. He contemplates the idea of killing Duncan and weighs up the advantages and disadvantages. The only know advantage is that he will become King. However, the disadvantages are what he already is considered to Duncan. Ã¢â¬Å"First, as I am his kinsman and his subject, strong both against the deed; then as his host who should against his murderer shut the door, not bear the knife myself. Ã¢â¬ This quote from Scene 7 shows that Macbeth is in conflict with what Lady Macbeth is instructing and his loyal personality is urging him not to fulfil the Ã¢â¬Å"horrid deedÃ¢â¬ . After considering what a Ã¢â¬Å"meekÃ¢â¬ leader Duncan was, we as the audience can really depict a picture as to what Macbeth was emoting. When Lady Macbeth enters, MacbethÃ¢â¬â¢s final decision has now been displayed. Ã¢â¬Å"We will proceed no further in this business. He hath honoured me of lateÃ¢â¬ ¦ Ã¢â¬ He has decided to cancel the plan because of how nicely Duncan had treated him that evening. The amount of guilt was too much for him to bear so the easiest escape for him was to abort the business. To his misfortune, Lady Macbeth did not take the current news very lightly. She begins to bombard him with insults and various accusations. Ã¢â¬Å"Art thou afeard to be the same in thine own act and valour, as thou art in desire? Lady Macbeth begins to question him and whether he is afraid to do what he must to achieve what he desires. As she has handed herself to the powers of darkness, she speaks to him brutally by saying Ã¢â¬Å"Was the hope drunk wherein you dressed yourself? Hath it slept since? Ã¢â¬ suggesting that he was drunk when he made the decision to kill Duncan. He raging fury increases furthermore w hen she says Ã¢â¬Å"Which thou esteemÃ¢â¬â¢st the ornament of life, and live a coward in thine own esteem, letting I dare not wait upon I would, like the poor cat iÃ¢â¬â¢thÃ¢â¬â¢adage? calling him a coward if he doesnÃ¢â¬â¢t take the crown that he has always wanted to own. At this point in the play, the relationship between Lady Macbeth and his wife reaches its peak as they have a great dispute. MacbethÃ¢â¬â¢s counter argument is not as furious as Lady Macbeth as he simply responds with Ã¢â¬Å"Prithee, peace. I dare do all that may become a man; Who dares do more is none. Ã¢â¬ He believes that he has done all that a man can do in this situation however Lady Macbeth disagrees. She believes that his definition is wrong and that he only becomes and man if he does the deed. Now Lady Macbeth is raging, she decides to use the excuse that Macbeth doesnÃ¢â¬â¢t love her which is the typical response for a woman to use in an argument with her partner. In addition to this, to emphasize the depth of evil in her she creates a vivid inhuman image in the audienceÃ¢â¬â¢s mind Ã¢â¬Å"I have given such and know how tender Ã¢â¬Ëtis to love the babe that milks me: I would, while it was smiling in my face have plucked the nipple from my boneless gums and dashed the brains out, had I so sworn as you have done to this. As she is the mother of the child, this makes the image even more disturbing as she has sworn to herself that she would have done it just as Macbeth swore he would do the rotten deed. The audience can really see the evil thoughts capturing her mind at this point as thoughts like this would not be evoked from a normal female figure. Macbeth is emotionally moved by the lengths Lady Macbeth would go to keep her word so he sees this as an opportunity to v oice his fear of failure. Ã¢â¬Å"If we should fail? Ã¢â¬ Lady MacbethÃ¢â¬â¢s response is Ã¢â¬Å"We fail? But screw your courage to the sticking-place and weÃ¢â¬â¢ll not fail. which suggests that it is impossible for them for them to fail if he just becomes more courageous. Lady Macbeth has planned the whole murder and reveals it to Macbeth which he can find no faults for himself. At this point in the scene, there is finally some common ground between Macbeth and his wife. Ã¢â¬Å"When Duncan is asleep, whereto the rather shall his dayÃ¢â¬â¢s hard journey soundly invite him, his two chamberlains will I with wine and wassail so convince that memory the warder of the brain shall be fume, and the receipt of reason a limbeck only. She plans on making the guards so drunk so that they wonÃ¢â¬â¢t be able to remember any affairs that take place during the night. Macbeth begins to understand his wifeÃ¢â¬â¢s plans and knows that once the blood is put onto the guardÃ¢â¬â¢s daggers , people will assume they are the culprits. By the end of the scene, Macbeth has decided to go ahead with the murder, using every muscle in his body to help him carry out this task. He appears to have changed his tone also as he ends with Ã¢â¬Å"False face must hide what the false heart doth knowÃ¢â¬ which in some aspects is similar to what Lady Macbeth had originally told him to do. By the end of both scenes, the audience can really determine the flow of Macbeth and his wifeÃ¢â¬â¢s relationship. Originally, Lady Macbeth supported MacbethÃ¢â¬â¢s desire to become King of Scotland but as the play went on, the support had turned into force and she did not have a friendly approach to the situation as she called upon the dark spirits to disable any feelings of remorse as a human being should have. Macbeth knew that the deed he was influenced to pursue was cruel and would have rotten consequences but his the persuasive tone of his wife led him to change his mind and use the same words she used on him to her. It is not an ordinary relationship as the audience can see the manifestation of the dark powers between one side of the partnership which leads to other side to perform murderous tasks. How to cite The Relationship of Macbeth and His Wife in Act 1 Scene 5 and 7, Papers
Sunday, May 3, 2020
To me, creativity is a combination of the stuff of what a person observes throughout his lifetime. It is a process that makes us combine what we know to come up with something in a way its not presented like that before. This action could be seen as genius or awkward as well from other peoples point of view, which is not really important if you ask me.What I believe is that the only important wing in generating ideas or creating some stuff is the persons achievement in accomplishing this process, regardless of other people agreeing or disagreeing with this new idea/products creativity. Moreover, I also believe that inspiration is one of the most important things during this process. In other words, who knows, maybe even the man that invented the wheel for the first time was inspired by a bug which was rolling down the hill. We will write a custom essay sample on Debut Albums and Creativity or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page On the other hand, we all are creative in one way or another but we often Just dont know how to express it. As Pablo Picasso said, Every child is an artist; the problem is staying an artist when you grow up. In my opinion, the way we are growing up is killing our creativity, which can also be observed from the beginning of our education to the lifestyle we choose to live. One of the most important speeches that I encountered about schools killing creativity was Ken Robinsons TED talk: http://bit. Y/l Backtalk other words, creativity usually has no mom in the way that we are building (or supposed to build) our lives. We begin having so much to lose to express our thoughts to others: such as our social life, Job or family. Afterwards, we begin to have self-doubts of ourselves, which are far worse than having others Judging you. Again as Sylvia Path says The worst enemy of creativity is self-doubt. Above all, If a person wants to reveal Its creativity he firstly needs to be avoiding his doubts about whether he would not be able to make It.