Module 4 Written Essay Example | Topics and Well Written Essays - 750 words

Module 4 Written - Essay Example Latin American countries characteristically have high inflation rate, with some countries having as much as three digit percentage. In fact in a 70 year history of Argentina, the country averaged in excess of 200 percent inflation rate, Brazil on the other hand averaged 390 percent from 1980, and attaining a high of 6821 in the first quarter of this year. Venezuela rates are very high, a rate of 63.4 percent. The concept of Purchasing power parity (PPP) would imply that the currencies of these countries shall depreciate compared to the United States dollar so as to consolidate the purchasing power across the countries. According to Keown, Martin & Petty (2008), PPP reflects the relative value of purchasing a product in one county versus another. A high inflation rate has the effect of making their exports cheap while making imports expensive, thereby discouraging demand for Latin American imports and forces a downward pressure in their Latin American currencies. Depreciation of the c urrencies compensates the rising prices on Latin American exports when viewed by imports from the US and other countries. Interest rate parity exacts pressure on the forward rates to contain a large discount as a result of the high interest rate prevailing in Latin America, which shows a snag of hedging Latin American currencies. Hence, the option to hedge bears more sensibility if the expected rate of depreciation exceeds more than the forward rate. It is also important to factor in that certain remittance cannot be hedged anyway as a result the value of uncertainty in future remittances The forward rate of a Latin American currency would have a big discount; as a result the Latin American interest rate would be higher than that of the US. The discount operates as the prediction of the rate of change in the value of the Latin American currency given a lengthy period of time, which I represented by the forward

Andrew Jackson DBQs Essay Example for Free

Andrew Jackson DBQs Essay Document C Source: Reprinted by permission of P.K. Yonge Library of Florida History, University of Florida. Hermitage August 27th, 1822 Dr. Bronough, I had the pleasure on last evening to receive your letter of the 22nd. It affords me great pleasure to be informed of your flattering prospects of success on your election (as Florida Territory’s first delegate to the House of Representatives)†¦. If the soldiers be admitted to vote you are safe, the army will stick by you†¦Under existing circumstances, it would be impolitic and unjust to make a property qualification. Residence alone, injustice to all, should be requires. This is the only rule that can be established until your land titles are adjudicated. And your vacant land, brought onto the market. Then in your constitution you can adopt such qualifications as you may think proper for the happiness, security, and prosperity of the state. Until then all freemen of six months residence should be entitled to a vote†¦. Document D Source: Robert V. Remini, Andrew Jackson and The Course of American Empire, Vol III, Copyright (c) 1984. Reprinted by permission from Harper Collins Publishers, Inc. (T)he Generals views on office holding became even more democratic as he grew older. He proceeded from the (idea) that all offices whether appointed or elected must ultimately fall under the absolute control of the people. Appointed offices should be rotated, preferably every four years. Elected offices must be filled directly by the people. In keeping with this principle, Jackson tried to abolish the College of Electors in the selection of the chief executive by proposing a constitutional amendment. In addition, he said, the President should serve a single term of no more than four or six years. Moreover, he believed that United States senators should be directly elected by the people. Also, their term should be limited to four years and they should be subject to removal Document N Source: H. Eaton, A Treatise on the Intellectual Character and Civil and Political Condition of the Colored People of the United States, 1837. Jacksons Call To the Free Coloured Inhabitants of Louisiana before the Battle of New Orleans, September 21,1814 Through a mistaken policy you have heretofore been deprived of a participation in the glorious struggle for national rights, in which our country is engaged. This shall no longer exist. To every noblehearted free man of color, volunteering to serve to the present contest with Great Britain and no longer, there will be paid the same bounty in money and lands now received by the white soldiers of the United States, viz. $124 in money, and 160 acres of land. The non-commis sioned officers and privates will also be entitled to the same monthly pay and daily rations and clothes furnished to any American soldier. On enrolling yourselves in companies, the major general com manding will select officers for your government, from your fellow white citizens. Your non-commissioned officers will be appointed from among yourselves. Due regard will be paid to the feelings of freemen and soldiers. You will not, by being associated with white men in the same corps, be exposed to improper comparisons or unjust sarcasm. As a distinct, indepen dent battalion or regiment, pursuing the path of glory, you will, undivided, receive the applause and gratitude of your countrymen.

Jonathan Livingstone Seagull Essay Example for Free

Jonathan Livingstone Seagull Essay After reading on Jonathan Livingstone seagull, write down reflective value and believe about the meaning and purpose of life. Jonathan Livingston Seagull is about a very independent bird, who dared to question what was being taught and told to him by the elders. He didnt just want to spend his days searching for food and hanging out doing what was expected of him. He was different, and dared to dream. He spent his days learning to fly faster and better than any other gull in the flock. He learned from all of his searching and trying that he could do anything, if he wanted it badly enough and just went for it, even to the point of becoming an outcast. At one point in time, in so learning and perfecting his craft, he crash landed and died, going onto a higher lever of his awareness, to learn more lessons from his guide, Fletcher. He continues through the story, becoming more and more proficient in his endeavours and in turn becomes a teacher/guide to others, becoming a kind and loving soul along the way. Jonathan Livingston Seagull is a bird who wants nothing more than to fly. Raised in a group of gulls that saw flying as only a means to an end, Jonathan challenged their way of life by believing that flying could be about more than transportation or getting food it could be about joy and happiness and freedom. When told he was irresponsible for trying exceed his expectations Jonathan replied: Who is more responsible than a gull who finds and follows a meaning, a higher purpose for life? For a thousand years we have scrabbled after fish heads and now we have a reason to live to learn, to discover, to be free! An outcast from his flock, Jonathan took his exile with a grain of salt, finding joy in his love for flight and his constant desperate desire to grow and to learn. He pushes himself to the breaking point and is never satisfied enough with his knowledge and never tires of the quest to obtain more. Bach gives us a character that stands alone with his ideas and beliefs and is rewarded for his patience and courage. The second half of the book shows Jonathan learning so much that he transcends his earthly form into a higher plane of being. Here, Jonathan is met with other gulls who like him, strive for excellence and do not see flying as a means to an end, but simply love to fly for the sake of loving it. This part begins to reflect a bit of the Buddhist mindset about heaven and a universal knowledge which can seem a bit confusing at first. Jonathan finally returns to his flock on Earth to try for better or worse to show that there is more to life than what they are striving for. This is a fable about the importance of making the most of our lives, even if our goals run contrary to the norms of our flock, tribe or neighbourhood. Through the metaphor of flight, Jonathan’s story shows us that, if we follow our dreams, we too can soar. Amazing inspiring story of seagulls. It tells us nothing is impossible in this world. You just have to have the desire to achieve it.

The Differences Between Programme And Portfolio Management Management Essay

The Differences Between Programme And Portfolio Management Management Essay Portfolio and programme management has question of governance from two perspectives. The first perspective is the interconnectedness of the different project objectives in order to increase of combined project outcomes. This requires to the development of programmes, which defined by Project Management Institute (PMI) as a group of related projects, managed in a coordinated way to obtain benefits and control not available from managing them individually (PMI, 2004) cited in (Blomquist Moller, 2006). The other perspective is concerned with the interrelationships among the management requirements for these multi projects in order to achieve the organizations overall business benefits. This led the need to develop portfolio management techniques which also defined by (PMI) as the centralized management of one or more portfolios, which includes identifying, prioritizing, authorizing, managing and controlling projects, programmes and other related work to achieve specific strategic busin ess objectives. (PMI, 2004) cited in (Blomquist Moller, 2006) From this concept it can be understood as a collection of projects or programmes and other work that are grouped together to facilitate effective management of that work in order to meet strategic business benefits. The projects or programmes of the portfolio may not necessary be interdependent or directly related. It is important to establish what is meant by programme management as opposed to portfolio management. The practitioners of the project management had tried to find good alignment between project management and organization strategy. Researches (Yuming, Quan Peng, 2007) in the literature has examined the idea for these strategies that should be aligned and moved from the corporate level through portfolio, programme and multi projects in a systematic manner that provides cohesion, visibility and effective communication as shown in figure 1. Figure 1: Diamond-E Model based alignment between strategy and portfolio project management adopted from (Yuming, Quan Peng, 2007) Programme Management:- In the past, the term programme has many synonyms that have been used, including multi project, portfolio of projects, macro project, and complex change (Ferns, 1991). A 3 phase for implementing programme management is suggested by (Ferns, 1991) as follows; preparatory phase, programme establishment, programme management. Basically, the concept of project management has evolved to what so called programme management and finally portfolio management. Most literatures illustrates programme management to be connected with albeit different from portfolio management (Lycett, Rassau and Danson, 2004; Turner and Muller, 2003) cited in (Blomquist Moller, 2006). However, Programme management is often perceived as the top layer of a hierarchy consisting of multi projects. The main goals of programme management is to focus on improving efficiency and effectiveness by choosing better prioritization, planning and coordination in the management of projects. Also by developing of business focus by identifies the goals of multi projects and the entire programme related to the requirements, goals, drivers and organizations work culture. Some researches on programme management have classified into three categories; programme management as an entity for organizational structure, programme management process and life cycles, and competencies for programme management. Sometimes, projects are too large to manage as a single entity. It is more convenient and effective to have work breakdown structure in a series of closely related and linked projects, each of them managed by a project manager, reporting to a programme manager (Buttrick, 2000a). PROGRAM.jpg Figure 2: A programme where each individual constituent project is used to manage a substantial work adopted from (Buttrick, 2000a) Generally, Programme management is a technique that provides the organization to coordinate multiple related projects concurrently, and cannot be controlled individually by bringing together people, activities and information in order to achieve the end goal and obtain significant benefits from them as a collection (Norton, 2008) and (Deancon, 2010). Programme may involve elements of related work outside the scope of the discrete projects in programme such as ongoing operations. A programme can only succeed if the multi-projects within the programme are completed, therefore without programme management; the projects will be uncoordinated and will not integrate into a final goal. Other authors (Haughey, 2001) has defined programme management as a group of related projects carried out in order to achieve a defined business objective and benefit. It provides specific way to control project management and covers vision, mission, aims and objectives, scope, approach, design, responsibilit ies, resourcing and benefits realization. By using well defined framework. The programme management has four basic stages; programme identification, planning, delivery and closure. These stages take the programme from beginning which must be based on strategies, right through to the final realization of a defined business objectives or benefits. 2.1 Structure of Programme Management:- The structure of Prgramme management allows controlling multi projects so they deliver effectively for the group as well as to hand the changes proactively and also it provides a framework for handling complexity and risk. Moreover, there is often a program support group to undertake the necessary coordination, administration and implement common standards (Buttrick, 2000a). It concentrates on delivering new capabilities and services, Business plan, Strategic objectives, Change and some other initiatives. For example the long term objectives can be definite by programme management, and this will help the organization to identify the multi projects that will lead in achieving these objectives and needs to think carefully about the benefits of these projects are designed to bring about. These potential benefits are considered as; meeting business needs, saving, and reducing risk. The main activities for programme management are: setting the baseline, agreeing roles and responsibilities , Programme planning, project priority, stakeholder communication, progress reporting, quality management, risk management, issue management, managing benefits and programme closure (Haughey, 2001). Some authors says that(Haughey, 2001), all programmes should have a well defined baseline from which to measure costs and benefits resulting from investment into the programme. Hence, Programme management is becoming an increasing important issue for managing changes within business which can be internal, such as increasing the level of products, or external, such as implementing a new government policy (Norton, 2008). Project team.jpg Figure 3 A typical programme management structure adopted from (Buttrick, 2000a) Project portfolio:- With a strongly increase share of companies investing in project- organized undertakings, the generally expected advantage in controllability for multi project comes along with a loss of transparency and hence effectiveness of the overall project landscape (Elonen and Artto, 2003) cited in (Jonas, 2010). So the need for a structure and proactive management of the project landscape gets increasingly important. Effective project portfolio management is becoming a key competence for organizations handling numerous projects simultaneously. A project portfolio is seen as number of projects that compete for scarce resources and are conducted under the sponsorship or management of a specific organization (Buttrick, 2000b). Refer to (Jonas, 2010) study, the measure for portfolio success should be taken at different points in time. The overall system success is consisting of three dimensions; process effectiveness, portfolio success and portfolio related corporate success. The tasks for portf olio management is consist of those related to multi project is; portfolio structuring, resource management, portfolio steering, and organizational learning and portfolio exploitation It can be argue that the portfolio management system success will be positively influenced by the extant to which these multi project portfolio tasks are executed in the company. As mentioned realer, Portfolio management is all the projects which are related or unrelated, undertaken by an organization. These can be divided into functional area such as IT, supply chain, HR, new development. With this level, it gives a complete view across the organization to understand all the multiple projects are taking place, related or unrelated. The best way for presenting this data is by business function, thereby giving a view of the projects in a specific area. Portfolio management is useful for decision makers because it provides them a total view of all initiatives taking place across the organization. This will ensure that the organization focused on what is important, helps avoiding duplication and informs strategic decision making. The activities which will be undertaken during portfolio management are: Checking strategic alignment, risk management, progress reporting. When the organization handling group of projects which are carried out by sponsorship and managed by this organization. These projects must complete for scare resources such as people, finances, time, and so on which can be available from the sponsors, since there are normally not enough resources to hand out for proposed multi projects which meets the organizations minimum requirements on certain criteria. Therefore project portfolio is the selection for periodic activity involved in selection a portfolio, from available project proposals and the multi project currently underway which must meet the organizations stated objectives in a desirable manner without exceeding available resources or effecting other constraints (Archer Ghasemzadeh, 1999) . So the portfolio management has to be pivotal in planning and controlling complex project more effectively and more efficiently and this can be achieved by implementing project portfolio management practices as a management innovation. Programme and Portfolio Management:- With the understanding the difference between programme and portfolio management, it is possible to understand what the organization needs to achieve and how programme and portfolio management fits into an organization processes and procedures. The hierarchy in this understand is shown in figure 1. Figure 1 Programme management Hierarchy adopted from (Haughey, 2001) By considering that, some multi projects are too large to manage as a single entity, so it is necessary to split them up into smaller manageable projects. And also if the whole project is too large for single project manager to handle, then, the numbers of projects managers are needed to handle the small projects. Hence smaller project with multiple project managers all designed to achieve a single long term objective for the organization. For control these groups and have an overall view a programme manager is required. 5 Conclusions:- The synopsis differences between a programme and portfolio in multi projects are; Programme is a group of projects related to the organization that are managed in a coordinated way to gain business goals that would not be possible were these projects managed independently (Ferns, 1991). Programme management concentrates on delivering; new capabilities, Business plan, Strategic objectives, Change and other initiatives. Portfolio management is all projects, related or unrelated, being carried out by this organization. Portfolio management aims to optimize the results of project portfolio to gain organization benefits and wants. Portfolio project a collection of projects, programmes and other work that are compiled together to facilitate the effective management of the same work to meet strategic business benefits. Each one has a special role to play and needs to be managed differently (Deancon, 2010). programme and portfolio management has been designed to fulfill nearly all organizations individual and multi projects to succeed in todays competitive climate.

The prince Essay -- Literary Analysis, Niccolo Machiavelli

Niccolo Machiavelli’s â€Å"The Prince† attempts to explain the necessary tactics and required knowledge a ruler must attain in order to gain and maintain a successful reign. The novel serves as an abstract manual, addressing the definition of a good/bad ruler by placing emphasis on the required military organization, the character a ruler must posses, and the success that could be attained if a ruler should follow the guide. The scope in which the book is written is that of a scholarly observant. Machiavelli places his findings and observations of history, as well as the needs of the people so the information may serve the prince as a tool, that once implemented will create and maintain a powerful state. The guide places a particular emphasis on the prerequisites of a good ruler. Arguing that a ruler must â€Å"...make himself both loved and feared by his subjects, followed and respected by his soldiers,.... be severe yet loved, magnanimous and generous...†(28) these are the qualities ingrained in imploring a successful military, balancing cruelty and generosity, and forming successful alliances. By addressing the issues and concerns of the people and that of the state, Machiavelli reveals the shift between a good ruler and a bad ruler. The guide demonstrates the good by exemplifying the bad done by past rulers, then judging and criticizing their handles on the military, cruelty vs generosity deplored, and the treatment of their alliances. One of the most important institutions in which Machiavelli places emphasis on in â€Å"The Prince† is in the management of a military force. Machiavelli starts by emphasizing that one â€Å"...cannot have good laws without good arms.†(40) therefore how a ruler manages his military is essential in defining ... ... rather than to be used and trumped over, a wiser choice is to be the miser. In the letter from Niccolo Machiavelli to Lorenzo de Medici, it is clear that there is an â€Å"end justifies the means† the purpose of this book serves a greater purpose. The means, are the examples and the advice given by Machiavelli. The over all goal of creating â€Å"The Prince† is in establishing control power and forming a calculated was to rule. This booklet organizes the necessary information, in understanding what will define a good ruler. Serving a guide to success, a success that has been laid out and now has to only be grabbed by the right man. Machiavelli uses many examples of the glories of Rome, to really get back to the unity and prominence that once filled Italy. â€Å"The Prince† serves as a address to all that the world that we can do better, and therefore we should do better.

Foreshadowing and Flashbacks in F. Scott Fitzgerald’s The Great Gatsby :: Great Gatsby Essays

     Ã‚  Ã‚   In Fitzgerald’s timeless novel The Great Gatsby, the writing techniques of foreshadowing and flashbacks are carefully used to enhance and   strengthen the story.     " 'Suppose you met somebody just as careless as yourself.'   'I hope I never will,' she [Jordan] answered.   'I hate careless people.   That's why I like you.' " (Fitzgerald, pg. 63)   Jordan is explaining to Nick how she is able to drive badly as long as everyone else drives carefully.   This quote represents the writing technique of   foreshadowing, which is being used in one of its finest form.   Fitzgerald is foreshadowing to chapter seven where Daisy kills Myrtle Wilson because of her reckless driving.   Fitzgerald uses foreshadowing to strengthen the plot of his book.   In chapter nine, Nick begins to recall the past and relive his old memories.   His must relieve his lingering thoughts of the past.   During the chapter, Nick uses a flashback to tell about Gatsby's funeral for the readers to know what happen the day Gatsby was shot.   Flashback in The Great Gatsby also helps to give the reader background information about the characters.   In The Great Gatsby, the structure of the novel is influenced by foreshadowing and flashback.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Fitzgerald utilizes foreshadowing to the best of its ability to help organize the novel.   "Luckily the clock took this moment to tilt dangerously at the pressure of his head, whereupon he turned and caught it with trembling fingers and set it back in place. 'I'm sorry about the clock,' he said.   'It's an old clock,' I told him idiotically." (Fitzgerald, pg. 92)   This quote is the first use of foreshadowing which is in chapter five.   It pertains to all of the trouble Gatsby causes as he tries to win Daisy back.   The past is represented by the clock and how Gatsby wants to repeat it with Daisy.   (Eble, pg. 963) This quote foreshadows to the end of the novel when Nick is left to tell the story of the dreamer whose dreams were corrupted.   (Eble, pg. 963) "they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made." (Fitzgerald, pg. 188)   In chapter

presidential elections over the years :: essays research papers

Presidential Elections: Then and Now The presidency is the single most important position in all of American government. Who the presidents were and what they did say a lot about America as a whole. In colonial America, the election of public and church officials could probably date back to the very beginning at Plymouth Rock. In the presidential era of the late 19th century, the job as president was considered just that, a job. The presidents made little effort to reach out to the public unlike today where that is the main audience; they need to make the public happy. The president was seen as merely a type of civil servant. All other parts of the government were more important. For example, Congress, who controlled the federal budget, public issues, and legislation, allowed no type of interference from the president. Today the president is more of a leader, equip with more power than in the past. Today the United States Constitution states that there is a right to hold elections, but the methods and places are left up to the state. It also states that the elections of presidents and vice presidents are to be indirect, which means that they are chosen by electors whom are selected by the people-the Electoral College. There is more emphasis on what the people want and need. This is one result of a changing government and society. With these changes came changes in the way the presidential elections were seen and controlled and also the methods taken to achieve a victory. There are many differences in the presidential elections of the late 19th, early 20th century and with the elections of today, however there are similarities too. The major areas about presidential elections that are easily comparable are the areas of campaigning, debates, and issues. In the early years of the nation, men would be asked to take political office. These men were supposedly well known and their character and experience were expected to speak for themselves. As politics democratized in the 19th century, men began to â€Å"run† for public office by promoting themselves through campaigning. This was true for all offices except the presidency. The public and press were opposed to presidential campaigning because it was a too dignified position for the candidates to embarrass themselves with personal salesmanship. People felt the president should be above partisanship. This way he would be able to act for the common good. presidential elections over the years :: essays research papers Presidential Elections: Then and Now The presidency is the single most important position in all of American government. Who the presidents were and what they did say a lot about America as a whole. In colonial America, the election of public and church officials could probably date back to the very beginning at Plymouth Rock. In the presidential era of the late 19th century, the job as president was considered just that, a job. The presidents made little effort to reach out to the public unlike today where that is the main audience; they need to make the public happy. The president was seen as merely a type of civil servant. All other parts of the government were more important. For example, Congress, who controlled the federal budget, public issues, and legislation, allowed no type of interference from the president. Today the president is more of a leader, equip with more power than in the past. Today the United States Constitution states that there is a right to hold elections, but the methods and places are left up to the state. It also states that the elections of presidents and vice presidents are to be indirect, which means that they are chosen by electors whom are selected by the people-the Electoral College. There is more emphasis on what the people want and need. This is one result of a changing government and society. With these changes came changes in the way the presidential elections were seen and controlled and also the methods taken to achieve a victory. There are many differences in the presidential elections of the late 19th, early 20th century and with the elections of today, however there are similarities too. The major areas about presidential elections that are easily comparable are the areas of campaigning, debates, and issues. In the early years of the nation, men would be asked to take political office. These men were supposedly well known and their character and experience were expected to speak for themselves. As politics democratized in the 19th century, men began to â€Å"run† for public office by promoting themselves through campaigning. This was true for all offices except the presidency. The public and press were opposed to presidential campaigning because it was a too dignified position for the candidates to embarrass themselves with personal salesmanship. People felt the president should be above partisanship. This way he would be able to act for the common good.