Theory Of Economic Development And North South Relation Economics Essay

Theory Of Economic Development And North South Relation Economics Essay Globalist perspective which believe that market-oriented system and private firms activate to provide a global economic growth, a huge variety of productions and services at lower prices for consumers, energetic environment protections, convenient working conditions at higher wages, protection of human rights and related with maintaining of democratic governments. This paper aims to answer the question of has globalization reduced the North-South gap in economic development with modernization theory through the lens of trade relation, economic growth and Washington Consensus principles. Liberal Theory of Economic Development and North South Relation Technologic improvement of transportation, communication and information infrastructures has been concluded with a phenomenon mostly known as globalization, and it is an increased connection of people and places around the world. There are many indicators that show globalization of goods, capital, and people; World GDP through trade rate (good and services) increased from %42.1 in 1980 to %62.1 in 2007. FDI increased from %6.5 of world GDP in 1980 to %31.8 in 2006. International claim stock (bank loans) according to world GDP increased from %10 in 1980 to %48 in 2006. Cross-border telephone call minutes numbers on basis of GDP increased from %7.3 in 1991 to %28.8 in 2006. The number of foreign workers has increased from %2.4 of the world population in 1965 to %3.0 of the world population in 2005. The impact of the major movement of goods, services, workers and capital on the North-South economic relations has been differently commented by political economists and different perspectives explanations give distinct results. Question of Is globalization positive or negative for the development of the Southern states? indicates the realities about economic gap between North-South. Modernization theory of liberal approach presents main hints about North-South relation on the basis of global economic structure. Developing nations are poor because they are inefficient in economic performances and they must build open markets and invest in human and physical capital. Globalization is a great opportunity for the developing nations. The invisible hand of a market without limitations redistributes the wealth among the nations, leading to economic growth, more efficient allocation of resources, enhanced civil liberties and peaceful relations between states. Free trade is a win-win situati on when it is seen from the comparative advantage perspective. If all countries were to concentrate on those products they can produce most efficiently and the worlds products would increase and everyones standard of living would rise. Development is usually described as improvement in five areas: industrialization, socioeconomic transformation, economic diversification, higher standards of living and urbanization according to liberals. The goals of development are growth, equity, democracy, stability and autonomy. The top priority is economic growth because it makes possible the achievement of all the other goals with spill over affect domestically and internationally. Since global economic integration sets off growth, it is seen as a positive factor. This cornerstone acts into inequalities between North and South growing, while the global economy is expanding. For explaining the gap between expectations and reality, Liberals emphasized a modernization theory, which suggests that t he causes of poverty are not connected to globalization but they are internally related with least developed countries domestic structure. Domestic economic, social and political structures are the key factors for development so a developing country has to carry out a transition from a traditional society to a modern capitalist economy if it wishes to develop. Modern societies are successful because they are more urbanized, dynamic, flexible and willing to adapt. Namely international trade is a basic component of globalization that eliminates or reduces trade barriers like import tariffs. Trade provides national competitiveness and gives host country comparative and competitive advantages and it promotes economic resilience and flexibility. Chart 1 Limitation on international trade like protectionist approach prevents good products at low level and poverty will increase due to restrictions. So it can be said that developing countries can benefit from expansion of international trade. Ernesto Zedillos words, former president of Mexico, In every case where a poor nation has significantly overcome its poverty, this has been achieved while engaging in production for export markets and opening itself to the influx of foreign goods, investment, and technology. claimed that market-oriented economy with global size would alert developing nations (South) to improve domestic economic structure. Cross-border investment has a critical position for industrialization and speed economic growth. Developing countries that accepted foreign investment moved successfully from non-oil commodity exports to alter manufacturing and services exports. And they have generated the highest sustained economic growth during the last quarter of the twentieth century. From 1989 to 1996, foreign direct investment jumped from just $11 million a year to over $5 billion in Poland; from $3 billion to over $10 billion in Mexico; and from $2 billion to almost $10 billion a year in Singapore. Developing countries which have adopted open economic system developed by an average of %4.5 per year in the 1970s and 1980s, while closed economies developed just %0.7 a year. The fastest developing region of the world was East Asia where grew in real per capita income at an annual average rate of 4 to 6 percent since the 1960s. In China, per capita GDP has nearly increased 4 plus since 1980. Since 1972, the poverty rate in Indonesia has been cut in half. Per capita GDP (in U.S. dollars) increased from $163 in 1980 to $235 in 1997. Brazil, Venezuela and India has been reduced their trade barriers from huge amount of tariffs to low level that market oriented structure needs according to WTO principles. And these arrangements have given them sustainable development. Some of the developing nations of the world have driven IMF projects and they have sustainably developed annually. Transnational companies are min figure of globalization and international trade. TNCs are seen as messengers of modernity for underdeveloped countries. TNCs give underdeveloped and developing countries unobserved amounts of capital, technology, management expertise, marketing networks, jobs and tax revenue. Globalization constitutes an opportunity to climb to the top and TNCs help this process. Competition for foreign direct investment (FDI) will lead countries in the North and in the South to try to provide well-educated labour and high-quality infrastructure. Increasing competition will lead to a greater global efficiency and modernization of the developing country. Liberal theories of economic development argue that the existing international market structure provides the best framework for Southern economic development. The major problems of development are caused by the domestic economic policies of the developing countries. It emerge with creation of market imperfections; reduc ing of the productivity of land, labour, and capital; and intensify social and political rigidities. According to liberals the best way to overcome these weaknesses is related with adoption of market-oriented domestic reforms. Convenient internal policies and the international system will increase levels of trade, foreign investment, and foreign aid and this structure can provide a basis for rapid growth and economic development. According to liberals trade is an engine of growth. Specialization that is adaptable with national comparative advantages increases income levels in all countries engaging in free trade. Specialization also encourages higher levels of capital formation through the domestic financial system and increased inflows of FDI. Chart 2Chart 3 From the liberal viewpoint, the correct international Southern strategy for economic development is to encourage those domestic changes necessary to promote foreign trade, inflows of foreign investment, and the international competitiveness of domestic firms. This strategy means that quit from policies that prevent trade and investment flows like high tariffs and restrictions on FDI inflows. Washington Consensus Washington Consensus was introduced in a period when the Keynesian dominance in economic theory and policy had collapsed after the mid-1970s crisis and it indicates that domestic arrangements through the lens of market-oriented structure constitute economic development for developing countries. There is a geographical dimension in the term Washington Consensus. Its policy prescriptions were primarily issued for the Latin American economies in the 1990s, although they subsequently spread to the rest of the developing and less developed countries. John Williamson attracted attention that market oriented structure should have been constituted for developing countries through the lens of Latin American countries. These policy prescriptions can be summarized in ten titles: 1) The imposition of fiscal discipline. 2) The redirection of public expenditure priorities towards other fields. 3) The introduction of tax reforms that would lower marginal rates and broaden the tax base. 4) The liberalization of the interest rate. 5) A competitive exchange rate. 6) The liberalization of trade 7) The liberalization of foreign direct investment inflows. 8) The privatization of state-owned economic enterprises. 9) The deregulation of economic activities. 10) The creation of a secure environment for property rights. The theoretical foundations of these principles can be easily explained as withdrawal of the state from the economy and restructuring of the unobstructed operation of the market economy. On the contrary of Keynesian deficit and expansionary budget system fiscal discipline should be constituted on public activities for providing balanced budget to prevent crisis. Limited public expenditures should support private entrepreneurs instead of concentrating on public works and redistributive policies. Tax system should be arranged to pave the way for business profits that are locomotive of the economy. In addition financial system should be formed as liberal perspective to construct market oriented economic system. Additionally state should give up economic operation so privatizations of all activities and enterprises of state-owned should be provided with state guarantee that there will not be any violations of property rights on the contrary of protectionist and nationalist structure. Pro tectionist measures should be abolished and free trade must be established with a secure position of movement of capital investment. Namely all of these regulation aim to provide economic growth for developing nations through the example of Latin American countries. Washington Consensus principles have emerged on the contrary of protectionist economic system and it also gave up Keynesian liberal views to establish market basis economy. Consensus principles create a growth opportunity for developing countries with free market advantages like win-win position. FDIs on the hands of TNCs directly reach the host countries with open market rules and this opportunity expose a greater development chance for countries itself.

Compare and contrast two theories/models of relationships Essay

There are two main theories applied to relationships, Social Exchange Theory and Equity Theory underpin commonly used behavioural therapies such as Cognitive Behavioural Therapy, Enhanced Cognitive Behavioural Therapy and Integrative Cognitive Behavioural Therapy. More recent studies in neuroscience and behaviour and the importance of language have led to the development of Relational Frame Theory and Acceptance and Commitment Therapy as an alternative approach. In this essay I will outline the relationship models comparing and contrasting them. I will also introduce and briefly touch on Relational Frame Theory and Acceptance and Commitment Therapy as an additional approach to couples counselling and offer considerations which an integrative therapist might need to take into account when offering counselling to couples. Social Exchange Theory explores interactions between two parties by examining the costs and beneï ¬ ts to each. The theory proposed by Homans in 1958 is not exclusively applied to relationships as it also explores all social systems and considers the power balance within those systems. The key point of the theory is that it assumes the two parties are both giving and receiving items of value from each other. Under this theory, relationships are only likely to continue if both parties feel they are coming out of the exchange with more than they are giving up–that is, if there is a positive amount of benefit for both parties involved. Homans’ work to define and understand society was based around the study of human behaviour in terms of cost and reward. This understanding of behaviour is recognised also in the work of Pavlow and Skinner. Homan later went on to apply his theory to relationships proposing in his Disruptive Justice hypothesis that as human beings we expect a relationship to be proportional and if the reward or reciprocity falls short of the cost we become dissatisfied and are more likely to end a relationship. However he also proposed that if one party perceives that the reward outweighs the cost provided but the other half of the relationship is content the relationship will be satisfactory. Homans (1958, P.606) â€Å"Social behavior is an exchange of goods, material goods but also  non-material ones, such as the symbols of approval or prestige. Persons that give much to others try to get much from them, and persons that get much from others are under pressure to give much to them. This process of influence tends to work out at equilibrium to a balance in the exchanges. For a person in an exchange, what he gives may be a cost to him, just as what he gets may be a reward, and his behavior changes less as the difference of the two, profit, tends to a maximum.† In relationships Homan proposed that the reward is more valuable to the individual if it reinforces our self esteem or provides social approval especially in areas of life where we feel insecure and we are drawn to a partner who provides this more than rewards or approval for things we already rate ourselves for. In return we provide the same kind of strokes to our partner reinforcing and boosting their esteem in areas in which they feel most insecure. This is referred to as the principle of satiation. The costs in a fulfilling relationship can be divided into three categories: Investment costs- mental energy and emotional investment , Direct costs – time, financial and material investments and Opportunity costs- personal sacrifices to benefit the relationship. Because all behaviour is costly in that it requires an expenditure of energy on the part of the individual, only those behaviours that are rewarded or that produce the least cost tend to be repeated. Thus, social exchanges take on an air of consistency in that patterns of rewards often remain stable in social relationships. Thibault and Kelley in 1959 developed a 4 stage model of long term relationships based on Homans social exchange theory research. Thibault and Kelley applied two basic concepts to their work. Firstly, that all human interaction is motivated by perceived rewards for the action and second relates to how that influences the nature of relationships. The four stages Sampling, Bargaining, Commitment and Institutionalisation describe how a relationship forms and settles. The theory is predominantly behaviourist and assumes that humans operate as rational beings making decisions based on costs and benefits and that their decision making is motivated by the desire to get basic individual needs met. The first stage in the model, Sampling, is exploring the costs and rewards of various interactions through a number of different friendships and relationships and observing various people in their relationships in order to discern what works and what doesn’t. Psychologists interpret the  social behaviour of adolescents and young people as they flit from one relationship/friendship to another as this sampling stage in action. Bargaining is the natural progression undertaken as a new relationship is under consideration. What’s in it for me? If I do/give this what will I get in return? At this stage attraction based around similar attitudes or constructs are explored with a view to establishing the viability of a possible relationship. Both parties might ask themselves ‘Is it going to be worthwhile investing in this?’ Commitment follows when the two parties know enough about each other to develop the ability to predict each others’ behaviour and therefore elicit reward/pleasure/satisfaction from each other. Institutionalisation is the final stage when the two parties know what to expect from each other and settle into established norms. Equity Theory was developed from Social Exchange Theory by Walster in 1978. Elaine Hatfield worked closely with Walster and Ellen Berscheid in the seventies to understand the human concept of social justice. She says According to Equity theory, people feel most comfortable when they are getting exactly what they deserve from their relationships—no more and certainly no less. Handbook of Theories of Social Psychology. Hatfield, E. & Rapson, R. L. Glyph International 2011. She also says of her work with Walster and Bercheid We believed that a concern with fairness was a cultural universal. We were convinced that during humankind’s long evolutionary heritage, a concern with social justice came to be writ in the mind’s â€Å"architecture† because such values possessed survival value. Such concerns were maintained, we thought, because behaving fairly continued to be a wise and profitable strategy in today’s world. Handbook of Theories of Social Psychology. Hatfield, E. & Rapson, R. L. Glyph International 2011. It is recognised that throughout history, societies have had different visions as to what constitutes â€Å"social justice,† â€Å"fairness,† and â€Å"equity† and that these differences still influence perspectives on what social  justice means to the individual and to different societies across the globe. Furthermore their ongoing research takes into consideration the current shifts within society towards gender equality and how this influences relationships. Equity Theory is essentially based around balance within a relationship and can be summarised by 4 key principles. 1.People will try to maximise reward and minimise unpleasant experience in a relationship 2.Rewards can be shared out in different ways and people will decide on what they agree to be a fair system 3.An unfair or inequitable relationship causes personal distress 4.A person in an inequitable relationship will attempt to restore balance and the degree to which the relationship is unfair the harder they will try to restore the balance. Both theories are based around the assumption that relationships develop out of a fair exchange or trading of costs and rewards. Equity Theory although it takes into account societal changes is less concerned with society and is more concerned with individuals and how they perceive justice. The main difference between the two theories is that where Exchange Theory would propose that people would leave a relationship as it is if they felt they were in the advantaged position where rewards are concerned, Equity Theory suggests that the person would be driven to restore the equity within an unbalanced relationship by either reducing their input or increasing their outputs. Exchange Theory is more concerned with under-benefit as a disadvantage but Equity Theory places a greater emphasis on both under-benefit and over-benefit. Under-benefits are likely to provoke a sense of anger and resentment and over-benefits are likely to provoke a sense of guilt. Either scenario can become unbearable to the party experiencing either anger or guilt resulting in them attempting to re-establish balance. If this does not appear to work, it is likely that the relationship will breakdown as an equilibrium has not been reached. Both theories can be useful tools for a therapist in couples counselling in order to discern where a couple is at within their relationship and to help them move towards a state of balance or equity when it has been lost. They both provide the basis from which to look at the behaviour of each  individual within a relationship, to consider how it might have changed and how levels of reciprocity have become distorted leading to the experience of over/under benefit and thus to create tools to realign the behaviour and expectations to help regain balance within the relationship as a whole. There have however been some criticisms of early studies of relationships because they do not consider individual developmental changes which occur in life and which may alter the balance in a relationship or place adequate emphasis on the effects of outside factors which influence an individual’s thinking and consequent behaviour within a relationship, such a family expectations, early role modelling, messages received and fused with about the self from others such as parents. This can be particularly relevant in terms of negative thinking, pain avoidant behaviours, rule following and rigid thinking. In terms of applying behaviour therapy to couples counselling the therapist will want to look at what interpretations a client is making about a situation and the beliefs they hold based on previous experience and how this then shapes their response or behaviour toward their partner. They will look at where the belief was formed through a process of where? When? Who? and What happened? questions in order to help reframe the past and detach it from the present thus helping the client’s view to change and become more rational in the current situation. In Rational Emotive Behaviour Therapy a branch of CBT, using the ABC model, the theory distinguishes between rational and irrational beliefs and seeks to correct irrational beliefs which lead to self defeating behaviours. ‘People are not disturbed by things; rather they disturb themselves when they hold irrational beliefs about things. When they hold rational beliefs they respond healthily to things’ CBT tips for a fulfilling life Windy Dryden Hodder Education 2012 Studies of behaviour from the perspective of a Relational Frame Theory and Acceptance and Commitment Therapy can be applied to understanding relationships issues and provide a slightly different perspective  emphasising the nuances of language and how they affect function within a relationship and focussing on values and actions as a priority in terms of repairing harmony. RFT sees language and cognition as relational framing, an operant ability that develops through exposure to many kinds of verbal interactions . ‘The goal of integrative behavioural couples therapy is to ‘help couples shift the context, rather than just the content, of their interactions, embracing conflict as a part of relationships and working toward a greater understanding and acceptance of each other’ ACT & RFT in Relationships Dahl, Stewart, Martell & Caplan Context Press 2013 There are many similarities in this approach, for example applying RFT in the context of relationships considers how individuals derive expectations in relationships based on earlier experiences and from perspectives acquired in the past which lead to the generation of self rules and ideals of what the future ‘should’ look like and how a partner ‘should’ behave. The subtle difference lies in the 2 key elements of Acceptance and Commitment Therapy, acceptance of psychological events and commitment to values. It offers the couple the opportunity to identify self defeating patterns of behaviour, encouraging clients to embrace the painful aspects of such negative thinking with self compassion and to accept that suffering and pain are intrinsic part of life and moreover relationship experience. The therapist will help the clients to identify values in all domains of life, perhaps through the use of a Values Compass which identifies 10 separate domains, Work, Leisure, Caregiving, Family, Intimate Relations, Community Involvement, Spirituality, Education and Personal Development, Health and Social network. Clients will be encouraged to identify the reinforcing qualities which support each domain and to then rate how highly they are attending to each domain. This exercise can help couples see where there might be imbalances. By associating each value with it’s reinforcing qualities the clients can see for themselves and for each other how balance in all domains is essential to maintain balance in their relationship or how a lack of balance might lead them to seek compensatory reinforcement from each other. By doing this exercise the individuals concerned can develop a greater understanding of  their needs and how they can get their needs met. In understanding why some areas of their lives have been neglected and recognising the self defeating behaviours which lead to this imbalance they develop self compassion and then extend this to compassion and acceptance for each other. In this kind of therapy couples will learn to recognise and apply flexibility of thought and action, self compassion, compassion, acceptance, mindfulness, self –as –context and values and committed action increasing the potential for balance within themselves and thus enabling a more supporting relationship wit h each other. Whatever approach a therapist takes there will be a recognition that the therapy will be more effective if it is holistic and integrative. The Chrysalis TIME model provides a sound basis from which to start all therapy. It is also essential for the therapist to consider the wider social implications and ethical issues surrounding relationships before proceeding with any kind of therapeutic intervention. Cultural differences, religious beliefs, geographic origins, social status, educational backgrounds and family history all influence how an individual perceives a successful relationship and set criteria and rules for that relationship and thus how they might expect therapy to help when things go wrong. One key consideration in couples counselling which is more relevant in westernised society today is that many relationships are founded on love – or an idea of love, whereas historically marriage contracts were based on other factors such as status, financial security etc. For many people entering into a new relationship one of the driving factors are the feelings and emotions derived from the behaviour of the other person. This as the basis for a relationship is not without its’ problems since initial highly charged emotions and feelings wane as a relationship develops and matures and deeper connections are necessary for quality and longevity. It is also essential that the therapist applies relevant learning of client centred counselling to ensure that the therapy is client led and balanced, so that neither party feels that the therapist is lacking a position of neutrality, whilst maintaining an empathic and understanding approach to both individuals. The skilled therapist will be aware of the power balance  between the 2 parties through careful observation of body language and choice of language by the clients and active attunement. They will maintain an approach of acceptance and non judgement even though their clients may not and will not be drawn by one over the other or allow one to dominate the sessions. All parties must feel safe, demonstrate a willingness to engage in the process and have a clear idea of, ideally, a shared goal for the therapy. An ethical therapist will not see couples clients separately or set up couples counselling where they have previously counselled one party.

The Hidden Treasure of Wharton Common App Essay Samples

The Hidden Treasure of Wharton Common App Essay Samples Wharton has what's known as the Team-Based Discussion that's essentially a simulation of how you are going to experience academic life at this school. Keep in mind that she has an incredibly rich curriculum. Find out more about Tufts University. The Common Application was made by a non-profit institution with the target of providing more equality in the college application procedure. The Admissions Committee wants to understand more about you and your distinctive personality and the way that can ultimately give rise to the Wharton community. To begin with, MBA admissions committees wish to observe how you write. Choosing Good Wharton Common App Essay Samples The topic of your essay doesn't need to be completely novel. You need to make the essay school-specific. Irrespective of which essay prompt you address, it's critical to give yourself time to consider the info you're conveying and what it reveals about you. These seven sample essays respond to a wide variety of thought-provoking questions. Also, remember to look at your paper for plagiarism since if it isn't unique it's not going to be accepted. If you're one of the almost 1000 students every month who look for Common App Essay examples, you're certainly doing the proper thing, as there's a lot that it is possible to learn from essay examples bad essays in addition to good one. If you found the essay that we've reviewed within this article a little daunting you aren't alone. Bridget's essay is quite strong, but there continue to be a couple little things that could be made better. If you want to compose an effective essay, it's time to get familiar with every one of the varieties of essay prompts. In general, there's no single correct topic. Inside this critique, we will have a look at the qualities of Vanessa's essay that make it shine as well as two or three areas that could use improvement. That's why the previous bit of this prompt is vital. Think of why you're applying to the school in the very first location, and brainstorm, picking a few ideas you could elaborate on in an essay. It will be helpful if you have sufficient understanding about the providing topic and can share your ideas and ideas. Brainstorm thoughts and see what arises. Different prompt ideas enable you to emphasize a variety of elements of your life. Never put off tomorrow what you could do today. In many instances, the most prosperous people today are people who have turned their passions in their professions. For others, it takes much more time to make a choice. There isn't a prompt to steer you, and that means you must ask yourself the questions that will get at the center of the story you would like to tell. Colleges want to get a feeling of maturity and introspectionpinpoint the transformation and demonstrate your private growth. The organization cited extensive counselor feedback and the additional advantage of consistency as the primary factors. I learned about the several options offered and purposely choose four activities which were different from one another and would help me to fulfill a diverse group of individuals. The Fight Against Wharton Common App Essay Samples If you believe you have the capacity to compose a Common App Essay that's on this level do it. The Common Application is just available online. Keep in mind that the Common App provides you with creative license. Common app essay questions 2020 mostly stay unchanged when compared with the prior year. Be aware you do not need to have solved the issue, and a few of the greatest essays will explore problems that have to be solved later on. Statistically, plenty of good essays written in the former year are centered on the self-analysis app prompt. As the essay can turn into the deciding factor to assist you secure a spot at the college or institution you're applying to you will need to get ready to answer the most frequent application essay questions. Additionally, you have an opportunity to select a topic you enjoy the most a fantastic option that doesn't limit your pick. Regardless of what topic you select, allow some time for extra editing. This new prompt provides the chance for you to discuss something which completely enthralls you. Your reply shouldn't be a book report.

Enrons Performance Evaluation Process And Development Plan

Enron was one of the world’s most prestigious energy, commodities and services companies. Founded in 1985, Enron became into a pioneer with nearly $100.7 billion operating revenue during 2000. However, at the end of 2001, Enron was involved in a series of accounting fraud, and it was forced to file for bankruptcy afterwards. Attracting Talents No doubt that Enron had a very attractive compensation package: â€Å"appealing signing bonuses and the promise of earning annual bonuses for as much as 100% of salaries†, which was generous compared to the industry norm, especially for traders. Their bonuses were based on the present value of the trading profits they generated and there was no cap. However, what really put Enron at top of the list was its encouraging performance evaluation process and development plan. â€Å"Enron adopted a feedback system based on reviews of employees not only from supervisors, but also peers and customers, which reduced the effect of personal bias and office politics.† Enron also encouraged their employees to move around the company as long as employees felt they could add value to the firm and they would get compensated when they made contributions. Enron was aggressively extending its trading business, thus there was definitely more space to grow compared to those investment banks. Business Model Enron was a natural gas pipeline company at the time it was established, and then it began to trade gas. Indeed, the gas-trading model was a huge success:Show MoreRelatedEnron : The Demise Of Enron1740 Words   |  7 Pageshistory. The demise of Enron impacted the livelihood and futures of numerous employees, their pensions, and in due course impacted Wall Street in a significant way. Even people today are amazed at how such a powerful company met its demise so rapidly. Enron’s end was a product of greed when certain executives of Enron were not eager to accept the failure of their company. The company utilized mark-to-market accounting that detailed the projected impending profits from a long-term deal (Lawry, 2015, p.Read MoreEnron Case7190 Words   |  29 Pagespartners involved†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.8 Enron’s industry†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â ‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 9 Enron’s injured parties†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 (II) Enron’s accounting fraud and misrepresentation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 11 Explanation of the fraud†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 11 Damages incurred†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Final outcome of the Case†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 13 How the fraud was discovered†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 13 (III) Enron’s Influences and Ethical Concerns†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 14 (IV) Enron’s poor decisions and the better alternatives†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreChapter 9: Behavioral and Organizational Issues in Management Accounting and Control Systems16548 Words   |  67 Pagesthe set of procedures, tools, performance measures, systems and incentives that organizations use to guide and motivate all employees to achieve organizational objectives. 9-2 The four stages that are needed to keep the organization in control are: 1. Plan: develop an organization’s objectives, choose activities to accomplish the objectives, and select measures to determine how well the objectives were met; 2. Do: implement the plan; 3. Check:Read MoreQualitative Research Methods Essay13327 Words   |  54 Pagescase study, phenomenological, and grounded theory. In effort to better understand the challenges women in leadership face in climbing the corporate ladder; this researcher selected the phenomenological method for conducting the research. Then, the plan is to synthesize the findings, and in conclusion, analyze the issues associated with sample selection, validity, and bias as they pertain to women in leadership. Qualitative Research Methods There are three research methods: qualitative, quantitativeRead MoreImportance of Segregation of Duties2844 Words   |  12 Pagesstatements with assurance that the financial information being presented is both reliable and accurate. This basic function of accounting is so important that there is an entire field of experts, called auditors, dedicated to assuring its proper performance. Throughout history there have been many instances in which the basic equilibrium between an institution and current/potential investor has been threatened due to a lack of accountability and trust between the two parties. This issue has beenRead MoreManaging Change7059 Words   |  29 Pagescurrent issues related to quality, technology, diversity, globalization, and ethics. This requires managing both change and resistance to change. All organizations experience external and internal forces for change. There are numerous organization development interventions available to managers. Diagnosis a nd needs analysis are essential first steps in any change management effort. LEARNING OBJECTIVES After reading this chapter, you should be able to do the following: 1. Identify the majorRead More. Facebook Lost Out to Twitter Recuiting Highly-Respected Algorithms Engineer Pankaj Gupta. Facebook Has Had Trouble Finding a Director of Monetization.7509 Words   |  31 Pagesprocesses that must at least be considered as sus pect include rewards processes, training processes, perform ance management processes, and the hiring process.    1. Rewards and recognition  Ã¢â‚¬â€œ The purpose of any corporate reward process is to encourage and incent the right be haviours and to discourage the negative ones. It’s im portant for the reward process to incent the gathering of infor mation about problems. It’s equally important to reward employees who are successful in getting executives to takeRead MoreManaging People Performance Essay5644 Words   |  23 PagesHENLEY BUSINESS SCHOOL UNIVERSITY OF READING MANAGING PEOPLE AND PERFORMANCE ASSIGNMENT †¢ Identify, with justification, a critical issue relating to people that impacts effective performance within the organisation. †¢ Based on your analysis, develop your recommendations and an outline plan to address the issue to improve organisational performance with clear justification for your proposed approach. †¢ Identify the benefits and risks ofRead MoreWaste Management33554 Words   |  135 Pages(including Waste Management, Global Crossing, Sunbeam, Qwest Communications, Enron, and eventually WorldCom) and of the firm’s conviction on federal charges of obstruction of justice. ÂÆ'ÂÆ' Financial accounting standards played a role in that some of Enron’s questionable accounting strategies were in technical compliance with generally accepted accounting principles (GAAP), despite clearly violating the intent of those standards. This ties directly to the current debate on rules-based versus principles-basedRead MoreChapter 1 Accounting Information Systems and the Accountant14769 Words   |  60 Pagessystems. This chapter describes the ways that information technology affects ï ¬ nancial accounting, managerial accounting, auditing, and taxation. We begin by answering the question ‘‘what are accounting information systems’’ and then look at so me new developments in the ï ¬ eld. Following this, we will examine some traditional roles of AISs in commerce. Why should you study accounting information systems? There are many reasons, which we will review brieï ¬â€šy in this chapter, but one of the most important is