The Couple Therapy Connecting To Two Theories And Concepts - Sample

Question: Examine about The Couple Therapy Connecting To Two Theories And Concepts. Answer: The couple hypothesis is viewed as giving mentoring in a sort of a medium or a drawn out connections, regardless of whether it incorporates the marriage or a relationship based which is an accepted one (Baucom et al 2012; p. 239). In the film Unfaithful which was discharged in the year 2002, was about a couples name Edward Summer and Connie Summer. The couple lived in Manhattan and they were living with a kid. In any case, the issue was about that there was an absence of energy between the couple. The absence of enthusiasm lead to the development of warmed contention and neglecting to see every others emotions drove a split on the relationship. Again the spouse barely used to offer chance to his significant other in the wake of returning from office. This left a poor effect on the relationship, which made the spouse to begin an extra conjugal issue with a youthful honorable man name Paul. Be that as it may, subsequent to understanding her misstep, later on Connie needs to allow to th eir conjugal relationship. In a relationship, the significance of affection comprehension and energy is significant. In any case, with time it disappears because of some mental needs requests or considerations that two or three needs from one another (Benson et al 2012; pp. 25-35; Johnson 2012). Incapable to do as such, would prompt the production of flaw in the connection. In this regard, the couple needs to take help from any advocate with the goal that they can direct them through the procedure of critical thinking and comprehension (Benson et al 2012; pp. 25-35; Whisman and Beach 2012; pp. 526-535). The couple hypothesis is being polished right now by numerous tertiary councilors who are qualified this incorporates the analysts, advisors from various controls. The hypotheses are additionally useful in making to comprehend and take care of the issues between the two couples. The instance of Edward and Connie Summer had a portion of the distinguished regular issues which are outrage and animosity, absence of closeness, the failure to take care of issues and troubles in correspondence (Synder et al 2012; pp. 229-249). These summarizes the general disappointment in the relationship. These also results to the advancement of the horrible occurrence. Both Husband and Wife simultaneously have various qualities and needs for various ways of life. A similar way it went about as an obstruction in the bliss of raising kid and topping off the objectives of the family. Connie needed to evaluate the relationship by and by and chose to move toward a specialist (Synder et al 2012; pp. 229-249). The methodologies, for example, Psychodynamic approach where the advocate would profoundly delve into the matter of the relationship just to discover the cause of the issues. It is essential to discover the challenges which are hampering the connection among a couple. The uncovering the issue can reveal the past accounts of sexual undertakings, any sorts of mental maltreatment or any sorts of mysteries that the couple chose to keep as mystery to one another (Wanlass and Scharff 2015; p.134; Carr and McNulty 2016). In this model, issues in the relationship can be brought up through the execution of the instructors projective ID. This is a term and a procedure which has its start in principle of self image propounded by Freud and later on used by some other instructor in the way of thinking of psychodynamic name Melanie Klein. In this methodology, the advisor advices customers about the investigation that the specialist has reasoned subsequent to experiencing the issues of the couple ( Wanlass and Scharff 2015; p.134). The treatment is succinct and less escalated. The psychodynamic approach cause the customers to talk openly about their issues to the advisor and the customers likewise take enthusiasm to talk about their issues. The Summer couple can go to this treatment and attempt to tackle out the issues by openly presenting their brain to the advisor. The psychodynamic approach gives a more profound comprehension about the personal connection between the couple and it is an ideal methodology for the couple who are confronting relationship issues. Along these lines, the whole issues lie in the way that the couple should be dealt with appropriately and with the assistance of this treatment, they can investigate their impact of past if any over their relationship and this treatment if being executed appropriately can unite the couple. The Psychodynamic approach can likewise assist the family with solving the prompt causes and fulfill them whenever rewarded appropriately. Another significant couple hypothesis which could be go about as the couple hypothesis is the Gottmans way to deal with the couple hypothesis. In his work, Gottrman concentrated on the relationship of the people rather focusing on the people themselves. He accepts that the foundation of the marriage gets more grounded with the developing positive companionship with the accomplice and the correspondences to tackle the issue effectively (Gottman 2015; pp. 129-157). Gottam recommended that couples must deal with the affection map in every others life which fuses dreams, yearnings, love and dread. The most significant methodology of Gottman is that the difficult which has caused strife in their life can turn into the wellspring of bliss of closeness of their life (Gurman 2015; pp 203-210). Both Edward and Connie needs energy for one another which came about to such a large number of contentions in their own life, through the comprehension of one another and furthermore counseling the adv isor, the couple can discover approaches to communicate with one another more and the positive estimations of the relationship would become further (Segraves 2012). Gottman concentrated on the examination that high power of the contention can emerge which lead to the heightening of the conduct. The specialist recommended that when both the couples are pursuing contention with one another and when it gets a lot of warmed then they should take at any rate twenty minutes break and again after that they should begin drawing closer to one another in a quiet mode (Gottman 2015; pp. 129-157). He additionally thought of the methodology of unwinding strategies which can give assistance to the accomplices to quiet down. This term is referred to in his language as Psychological mitigating and these are the measures for quieting down the warmed discussion between the couple. The methodology of Gottman discusses seven elements of the conjugal companionships. To start with, the couple must take enthusiasm about their accomplices world. Second, social gratefulness for couple would support affection and regard. Third, the couple must be attached to one another not by disregarding one another. Fourth, the nearness of the level of common impact must be there for one another (Gottman 2015; pp. 129-157). Fifth, a critical thinking technique ought to be received and the issues must be illuminated without any problem. 6th, mindfulness ought to be worked for one another and offer regard to their own fantasies and commitment. Seventh, the production of the coordination that every one of the accomplice must create in their relationship (Gottman 2015; pp. 129-157). The exact treatment plan would contain the accompanying components and they are History: The segment incorporates data about any sorts of history that both couple looked as far as mental in previous existence and on the off chance that they are under any conclusion framework or not. Introducing the worries: The current worry in the relationship ought to be clarified about the couples looking for help from advisor. Treatment contract: The agreement for the treatment does the trick the objectives for the progress in the example of existing relationship. It is an arrangement which legitimizes the methodology of treatment that ought to be utilized (Davis, Lebow and Sprenkle 2012; pp. 36-48). Qualities: All along the arrangement, the specialist incorporates data about the people treatment. This could urge the people to pick up quality so as to access the objectives. Recurrence, Modality and Targets: Each objective which is proposed must contain the methodology of treatment. The meetings recurrence and furthermore the focused on dates can be utilized. Objectives of the treatment: These are the goals which would offer help to the couple who are in the treatment. The objectives ought to be practical and explicit so they are effectively attainable (Davis, Lebow and Sprenkle 2012; pp. 36-48). The objectives are the understanding which would give bliss to the couple, where in the relationship a trust can be created. Different objectives must define the stages and limits, where the couple must build up the relationship which is of a cognizant sort. Destinations: Goals are partitioned into targets which bolster the couple who is getting help through the fulfillment of the objectives which are bigger (Davis, Lebow and Sprenkle 2012; pp. 36-48). Intercessions: Goals fuse procedures and intercede of the expert of the couple advisor to assist the couple with achieving an objective which can at long last reestablish the relationship by giving a solid arrangement dependent on the relationship issues of the couple (Halford et al 2012; pp. 49-60). Specialist would screen the advancement as needs be and would check how the upgrades in the relationship. Results/Progress: The results or the advancement of the work is recorded under every objective. Subsequent to surveying the treatment plan, the area of the advancement makes a note of how the movement of the things is heading outside and within the meeting (Davis, Lebow and Sprenkle 2012; pp. 36-48). This is a methodical portrayal of the arrangement for the couple Edward and Connie Summer which is Achievable and Measurable indeed. Each progression is important to fuse in the arrangement to acquire improvements the relationship status of the couple. In this way the significance of this arrangement ought to be thought about. To finish up, it could be expressed that both Edward and Connie Summer should look for help by following the various methodologies of Psychodynamic and Gottams approach of Couple hypothesis can come being used so as to cause their relationship to create with time and thrive. Ultimately, a p

Impact of London Olympics 2012 Essay Example | Topics and Well Written Essays - 2000 words

Effect of London Olympics 2012 - Essay Example The 2012 Olympics will give a fillip to the London economy, and it is a significant open door for all associations in the city. Arenas, pools, courts, private convenience for competitors, authorities and for onlookers spring first to mind when a great many people think about the monetary drop out of a city being picked for the Olympics. Physical resources have restricts in all actuality, for returns can't be accomplished without qualified, talented, experienced and roused groups of individuals. The 2012 Olympics is a test for Human Resources Management, as much as it is an opportunity for structural designers and draftsmen to get going! The Olympics speak to an intense open door that goes to a city for about seven days like a comet, once in decades! It approaches long periods of cautious planning, with a full motivation for Personnel divisions. Each capacity will in general swell its own significance, however even the individuals who are not full-time experts from the Human Resources field will concur that finding and holding individuals of the correct bore will be a significant hindrance to be survived, for any London foundation to receive the benefits of their home city being chosen for the 2012 Olympics. This record endeavors to build up some key approaches for a picked London association, with the goal that it plans for this significant world occasion. Each city has an aquarium, and London isn't deficient in this regard. The London Aquarium has a particularly dynamite assortment, and a focal area that places it in the way of significant visit administrators and individual vacationers the same. It has certain intrigue for all the individuals who will come to London to observe some piece of the Olympics. The 2012 occasion vows to be an opportunity for the London Aquarium to encounter a flood in incomes in the event that it can prepare for the surge of guests who will plummet on London from all sides of the globe. Youngsters from parts of the United Kingdom other than London itself will be among the most prized

Outbox May 19, 2017

Inbox/Outbox May 19, 2017 Last week I worked a shift at a local bookstore, which I do every so often when they need me. I ransacked their collection of advance copies, so I acquired a lot of books. Perhaps too many. Good thing there’s a long weekend coming up (here in Canada, anyway). These are the books in my inbox and outbox this week, along with what’s in my queue to be read next. INBOX (BOOKS ACQUIRED) The History of Bees by Maja Lunde.  This novel, pitched as Station Eleven meets Never Let Me Go (yes, please), is already an international bestseller. It comes out in North America in August. There are  three parallel storylines involving beekeepers: one set in 1852, one in 2007, and one in 2098, after all the bees have died and humans have turned to hand-pollination in order to survive. I’m most intrigued by the last storyline, as it seems increasingly like we’re already living in a dystopian novel. I snagged the bookstore’s only advance copy of this before anyone else could. This Is Just My Face by Gabourey Sidibe.  Sidibe’s memoir is about growing up in New York, her early job as a phone sex worker, and how she got into acting, among other things. She was in Toronto this week, and I was lucky enough to attend the event and grab a copy of the book. I can report that Sidibe is hilarious, charming, and extremely stylish. And also has a very accurate interpretation of “Hotline Bling.” A trusted friend told me that her book is very honest, and I can’t wait to read it. Born a Crime by Trevor Noah. I’ve heard nothing but good things about The Daily Show host’s memoir from a wide selection of friends and acquaintances with pretty different reading tastes. With a white father and a black mother, Noah was literally “born a crime” in apartheid-era South Africa. The essays in this book recount his path from this early life to his starring role in late-night American television. I have high expectations for this one. OUTBOX (BOOKS FINISHED) Magpie Murders by Anthony Horowitz.  I love Agatha Christie and classic British cozies, and evidently so does Horowitz, because this book-within-a-book is a clever homage to golden age detective fiction. The story begins in the present day with an editor, Susan Ryeland, settling in to read the latest manuscript from her troublesome star author, Alan Conway, who writes murder mysteries starring amateur detective Atticus Pund. Along with Susan, we too read the manuscript, a classic country house murder set in a small English village in 1955. But as she reads, Susan begins to suspect that there’s more truth than fiction contained in Alan’s new book… This one comes out in June, and I recommend it to anyone else who needs to wash those images of Kenneth Branagh as Hercule Poirot out of their heads. Orchids on Your Budget by Marjorie Hillis.  This book of advice from 1937 was republished as Bubbly on Your Budget and appears to also be available under that title. I read Hillis’s first advice book, Live Alone and Like It, during a difficult time last year, and her practical and witty life advice was just what I needed. Orchids on Your Budget is more focused on moneyâ€"specifically budgeting and economizingâ€"and therefore a little bit less delightful, but still full of Hillis’s trademark one-liners. For example, here’s what she thinks about ignoring your present in favour of anticipating your future: “Things to which you look forward too long are almost invariably disappointing when you get them, and you might die first anyway.” IN THE QUEUE (WHAT I’M READING NEXT) Public Relations by Katie Heaney and Arianna Rebolini.  This book looks like fun weekend reading. It’s about a publicist, Rose, who suggests that up-and-coming young British singer Archie get into a “fauxmance” with another young celebrityâ€"and finds herself in over her head. I recommended that my library add it to their collection and just heard that they did. Thanks, Toronto Public Library! Solitude: In Pursuit of a Singular Life  in a Crowded World  by Michael Harris.  Looking at the latest neuroscience and behavioral research as well as his own personal experience, Harris investigates being alone: why it’s important, why we’re so bad at it, and why modern life makes it harder than ever. I’m excited to dig into this book over the long weekend, for which I have scheduled no plans. Just all these books, the new season of Master of None, and plenty of solitude. What’s in your inbox, outbox, and queue this week? Fellow Canadians, what’s on your long-weekend reading list?

Customer Relationship - 10865 Words

CUSTOMER RELATIONSHIP MANAGEMENT IN MARKETING FINANCIAL SERVICES (A CASE STUDY OF UNIBANK GHANA LIMITED) ABSTRACT Customer relationship management is a customer focused business strategy that dynamically integrates sales, marketing and customer services, in order to create and add value for the company and its customer. Consequently, the research project addresses problems of customer relationship management in the banking industry. Some of the problems are in the past few years, the Ghanaian economy has been increasingly hard-pressed to meet financial obligation. Problems occur when failing to think of sales as the output of a process that itself needs to be studied and taken into account when planning automation;†¦show more content†¦Introduction 31 3.2 History and Business of First Bank 31 3.3 Research Hypothesis 34 3.4 Sampling Frame 35 3.5 Methods of Data Collection 36 3.6 Methods of Data Analysis 37 3.7 Methodological limitations 38 CHAPTER FOUR DATA PRESENTATION AND ANALYSIS 1. Introduction 41 2. Presentation and Analysis of data according to Research questions 42 3. Test of Hypotheses 70 CHAPTER FIVE SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 5.0 Introduction 75 1. Summary of findings 75 2. Conclusions 77 3. Recommendations 78 References 80 Appendix 82 CHAPTER ONE INTRODUCTION 1. BACKGROUND INFORMATION For many reasons, customer’s relationship management in marketing financial services gives a whole host of suggestions as to how companies can improve their Customer Relationship Management and achieve their anticipated returns on investment. It shows how to avoid the main problems and challenges some of the conventional wisdom about what is happening in the financial services market. Customer Relationship Management is a customer focused business strategy that dynamically integrates sales, marketing and customer care services in order to create and add value for the companyShow MoreRelatedCustomer Relationship Management : Definitions Of Customer Relationships966 Words   |  4 Pages2.1.1. Customer relationship management Definitions of customer relationship management Kumar and Reinartz (2012, p.4) defined CRM as a process companies analyse marketing database and leverage communication technologies to find practices and methods to maximise lifetime value of each customer to the firms. In this definition, the authors focus on customer value which is the economic value customers receive after they interact with the organisations. The most important part of a CRM strategy isRead MoreCustomer Relationship Management1204 Words   |  5 PagesCRM Customer Relationship Management CRM is a Strategy Most people believe that CRM is just a system that will run their business without making any efforts which is totally wrong. The CRM is a strategy that is run by people to acquire, manage, select, grow and retain a strong relationship with the right customers with the best long-term profit potential. This cannot be done with a CRM system without a good strategy that puts the employees on the right track. The CRM System Read MoreCustomer Relationship Management1220 Words   |  5 PagesIntroduction Customer Relationship Management (CRM) is an important part of any companies sales mix. As part of a sales mix, companies must have a strong sales team; a well planned and executed marketing strategy, and a method to record pertinent information to manage customer relations. A CRM system is an important part in any company. They have a variety of uses from holding basic information such as names and address, to holding other information including relationship history, contract informationRead MoreProjects: Customer Relationship Management and Customers10208 Words   |  41 Pagesâ€Å"EFFECTIVENESS OF CUSTOMER RELATIONSHIP MANAGEMENT PROGRAMME IN STATE BANK OF INDIA† Submitted In The Partial Fulfillment Of Degree Of MBA Batch 2006-08 SUBMITTED TO: - SUBMITTED BY:- Mrs. Riya Sharma Rishi Gupta (Project Guide) Roll no. 0471483906 [pic] MAHARAJA AGRASEN INSTITUE OF TECHNOLOGY PSP AREA, SECTOR-22 ROHINI, DELHI—110085 Ph: 25489493- WHOMRead MoreCustomer Relationship Management4209 Words   |  17 PagesFACULTY OF MANAGEMENT STRATEGIC MANAGEMENT CUSTOMER RELATIONSHIP MANAGEMENT (CRM) Abstract Majority of administrations have observed the customer relationship management (CRM) design as a hi-tech explanation for glitches in individual region, convoyed by a great deal of not coordinated enterprises. in any case, customer relationship management have to be conceptualized as a strategy, due to its technological, human, and processes implicationsRead MoreCustomer Relationship Management16994 Words   |  68 PagesCustomer Relationship Management SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES (SIMS) Dissertation on Customer Relationship Management Submitted By: Ayush Singh Roll no:09 PRN No:68211 Class- 2(D) Semester: Fourth Semester Date required:18/2/2008 Date of Submission: 18/2/2008 Assignment Grade: Comments of the Faculty: 1 Customer Relationship Management CONCEPT OF CRM INTRODUCTION TO CRM CRM (Customer Relationship Management) has been growing steadilyRead MoreCustomer Relationship Marketing1911 Words   |  8 PagesDelivering Customer Value – Customer Relationship Marketing Introduction In the past few decades Customer relationship was none existence with business organization making no effort to build relationships with its customers. But since then strong competition has forced business to form long lasting relationships with its customers, if it needs to stay in business. The term Customer Relationship Marketing first emerged during the 1990’s. It was made possible due to the advancement in IT andRead MoreCustomer Relationship Management Systems And Customer Relationships1128 Words   |  5 Pagesrepresentative of the business, and a customer. The customer has a problem or need and the salesperson seeks to address it. From the first line of communication, the salesperson assesses the situation and decides the best solution from their product or service line. Using intuition and skill, the representative leads the customer into buying the best product with hopes of turning a profit. Every exchange is important and will often determine if they customer will return to the business the next timeRead MoreWhy Is Customer Relationship Management?1709 Words   |  7 PagesHow and why  is Customer Relationship Management (CRM) important to sports marketing managers? Introduction In the past two decades, huge marketing and mass marketing have been changed competitive landscape due to growing goods available for consumers. Proliferation of business activities would focus on customer relationship management, which is to achieve competitiveness (Chen et al., 2003). As the concept of customer relationship management has a significant change, there are a variety of CRM definitionsRead MoreAspects Of Customer Relationship Management1148 Words   |  5 PagesThere are several aspects of Customer Relationship Management (CRM). The key aspects include the following. Business to business relationship, this includes relationship with suppliers, distributers and partners or retail channels. This is an external network which works as a support system for the internal networks. The second aspect is data analysis, this is the backbone of CRM system. The customer data that should be analyzed is constantly added and then combined with predictive analytics to plan

Employee Compensation And Benefits Package - 944 Words

Employee Compensation and Benefits Package The organization for which I am designing the compensation package is a company that offers internet solution to customers in the domestic US market and the global market. The position that I am hiring is that of a company secretary. The secretary will be required to work in the office of the human resource manager and will handle all the papered and paperless documentation. The position comes with numerous benefits and packages as outlined herein. After doing extensive research and analyzing the data released by the bureau of labor statistics, the secretary will be paid a basic pay of $25.00 per hour (Deckop, 2006). The amount is based on comparative analysis of how secretaries are paid by other similar organizations and with the goal of offering a competitive package that attracts many qualified secretaries to compete for the position. The position will be non-exempt and is based on fixed working hours. Any overtime will not be implemented until approved by the company’s man agement (Armstrong, 2007). The overtime payment will be $35.00 per hour, but this may be adjusted depending on the amount of work involved in the overtime hours. The position will also offer other employee benefits and allowances as a motivation for the workforce. The company will offer medical insurance where the employees will be sponsored for half the amount incurred as medical expenses. The medical cover offered by the company also covers the immediateShow MoreRelatedEmployee Compensation And Benefits Package Essay905 Words   |  4 PagesIntroduction – Employee Compensation and Benefits This paper will outline an employee compensation and benefits package for a new hire for a secretary for the department. First, it will describe the organization I chose for designating a compensation package. Next, this paper will develop an employee compensation and benefits package for this new position. 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As another criticalRead MoreCompensation Of Memorial Hospital Savannah1075 Words   |  5 PagesCompensation Packages- Memorial Hospital Savannah HR is the one responsible of the development of the organization compensation system and of the development of the pay structures, programs and policies.an effective compensation system will be focused on compelling with the law, cost-effectiveness, provide equity in all aspects and enhancement of the organization (Flynn, 2015). Compensation packages can include bonuses, benefits like health insurance, retirement benefits, paid time off, and professionalRead MoreEmployee Benefit Plan Development : Employee Benefits Essay1508 Words   |  7 PagesEmployee Benefit Plan Development â€Å"Understanding your employee’s perspective can go a long way towards increasing productivity and happiness† – Kathryn Minshew, founder of The Muse. 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Netw410 Week2 Free Essays

Lab Report 1. What are the business goals? (10 points) Business Goals for this project include addressing the growth of on-campus and online students. To accomplish these goals a centralized server located in new IT wing of the administration building providing online backup of all data. We will write a custom essay sample on Netw410 Week2 or any similar topic only for you Order Now Replacing the PBX-based telephone system with a VoIP based system and connecting all buildings providing high-speed wired network connection for all facility offices will be implemented along with controlled wireless access for students. Wireless access for students and general population will be provided outside the building. These steps are necessary to build a solid infrastructure for the network and allow for and to plan growth. Funding has been established to purchase land 15 miles away and as the campus expands this will be the next site for expansion. The actual business goals for this project is to offer new and better services and support, open the network to key constituents, build relationships and information accessibility to a new level, as a basis for the network organizational model, avoid business disruption caused by network security problems, avoid business disruption caused by natural and unnatural disaster, modernize outdated technologies and reduce telecommunications and network costs, including overhead associated with separate networks for voice, data and video. 2. What are the business constraints? (10 points) The business constraints are like all companies and they include budgets, personnel, policies and schedule. None of which have been defined in our design lab scenario. Budget costs include equipment purchases, software licensing, maintenance agreement and staff training. Personnel constraints related to the business constraints to be considered include the availability of existing trained personnel and if existing personnel must receive additional training to implement and maintain the proposed network changes. Policies of the organization must be considered and since this a community college determination of protocols, standards and vendor selection must be determined. The final business constraint addressed should include the schedule of the implementation as not to interfere with current operation by faculty, staff and students. 3. What are the technical goals? (10 points) Technical goals of the project include improving responsiveness and throughput of the network as many users are added along with additional applications, especially the VoIP based system. Simplifying network management is obtained by centralizing the server(s) and backup in a newly built IT wing in the administration building. By this centralization and backup improvement should be obtained to the security and reliability of applications and data along with decreased expected downtime. By offering high speed wired network connections to each faculty office and controlled wireless access for the students modernizing outdated technologies shines as one of the technical goals. With all these proposed improvements scalability of the network is achieved. . What are the technical constraints? (10 points) The current system equipment must coexist with the new equipment and as already discovered there must be increased bandwidth. Existing wiring should either be upgraded to accommodate upgraded speeds. The new or expanded network must not interfere with the current applications. Any new network or expanded network should also ensure IPv6 compatibility. 5. Diagram the existing network. (10 points) The actual Visio drawing is also submitted 6. Describe the existing network traffic. (10 points) Current network traffic is at 73% or more utilization based on a five minute average with sustained spikes to 100% on the Cisco FastHub 400s installed in each building. Approximately 42 students are logged into each wireless access point. This is creating lag times and most assuredly dropped packets. While dropping packets with data is troublesome it is disastrous for voice or video. According to our text there should be no shared Ethernet segments that are saturated (no more than 40% network utilization. ) The current system is working at 73% utilization. Network traffic must be improved. 7. Complete this table for all of the applications that currently run over the network. (10 points) Application Name| Type| New or Existing| Criticality| Comments| Google Apps for Education| Email / Web Site| Existing| X| | MS Office| Productivity| Existing| X| | Web Browser (IE)| Productivity| Existing| X| | Catalog / Checkout System / Library| Database| Existing| | Administration Building only| Data Share| Productivity| Existing| X| | Terminal Emulation Program (AS400) | Productivity| Existing| X| Administration Building only| Blackboard Learning | Management System (CRM)| NEW| X| Internet Connection| How to cite Netw410 Week2, Essay examples

The Capitalist World Economy

Question: Discuss about the The Capitalist World Economy. Answer: Introduction The purpose of this report is to identify and quantify two issues associated with free market system. A free market system refers to a market economy based on market forces with little or no government interventions. This system is as a result of adoption of a a capitalist system where economic players privately own properties and the only legitimate way of transferring ownership rights is through trade, inheritance, wagers or gifts. Capitalism has been widely adopted in the modern economy despite its spectacular drawbacks (Brockman et al. 2011). As a result of free market, several issues have been created and it requires efforts from both the business players and the governments to remedy the situation .These issues are poverty, gender inequalities, ageing societies, youth unemployment and skills shortages. These issues act to the disadvantage of the countrys current and future situation. This report will start by discussing the Capitalist system followed by in-depth quantifying of youth unemployment and poverty. And finally discussing measures that business and Government need to take to improve levels of youth unemployment and poverty. Capitalist System Capitalist system is an economic system based on private ownership of factors of production and whose operations are profit motivated. Zimbalist et al. (1988) defined pure capitalism system as the one in which means of production (physical capital) are owned and run by private entities (capitalist class) for profits. Most of other people in the economy work for salaries and wages. According to Gregory and Stuart (2013), decisions within the capitalism economy are decentralized by the government and rest with the owners of factors of production who are material motivated to participate. Aspects of Capitalist System Capitalist system is characterized by capital accumulation, private property, wage labor, voluntary exchange, competitive markets and price system (Louis Hyman and Edward E. Baptist (2014). These aspects are discussed below Accumulation of Capital This refers to profit maximization to increase self-worth. Capitalists are devoted to increase their capital in order to increase profits which act as incentives to innovate, work harder and be efficient in production processes (Heilbroner et al. 2008). Private Property This aspect refers to the right of citizens to own and accumulate capital. These rights can be transferred to other private citizens at a price jointly agreed upon. A price of owned or transferred properties is determined by the market forces (Louis et al.2014). Competition Capitalist system is characterized with competition where businesses compete to provide better, cheaper and faster goods or services to the customers. This leads to businesses operating in the most efficient way possible to minimize production and operations costs in order to best offer attractive prices in the market. Louis et al. (2014) stated that completion forces businesses to maximize efficiency for them to offer lowest prices in the market to avoid being kicked out by more efficient business. Private control of Factors of Production In Capitalism, Private entities are in control of factors of production. These include land, capital and labor. Private enterprises set prices of factors of production to levels that maximize profits as shaped by the free market forces. According to Louis et al. (2014), Surplus benefits from the factors of production are held to individual producers. Advantages of Capitalist System Capitalism has proved to be the most productive, efficient and effective economic system that has revolutionized businesses and peoples wants in the world. Generally, capitalism has raised standards of livings for many people by enabling accessibility, quality and affordable prices. Capitalism has been successful and it has benefited the few individuals who can afford to pay and take up the opportunities in a competitive arena. Disadvantages of Capitalist System Though capitalism is widely used, it operations has led to most of the current problems in the current world. These problems are as a result of expansion to increase supply in order to increase profits which is individual gains at the expense of common good i.e. private sector strives to maximize profits with little or no consideration of the other parties. Key Issues in Free Market System Youth Unemployment According to United Nations Youth Report 2012, Youth unemployment is referred to as unemployment of individuals aged between 14-28 years. The age bracket may differ from one region to another. For instance in Africa, the age extends to mid-thirties (Gough et al., 2013). It entails young persons who are willing and able to work, actively looking for a job but cannot find one. Therefore youth unemployment incorporates conglomerate of youths with will and ability to work but cannot find any or cannot find jobs that match the skills they possess or jobs that they can be proud of as their major expertise (Echebiri and Onah,2011) . Factors leading to Unemployment of youth in a free market Skills mismatch Most of young population lack skills required to work in the current labor market. Most of them lack good education and end up lacking skills required by employers. Due to the competitive nature of the free market systems, employers set high qualifications in order to maximize labor. According to the International Labor Organization report on Employment Trends for Youth (2010), skills deficit was contributing to a worse youth economic employments trends. Financial crisis Youths in the economy are the most affected in times of financial crisis in the economy. When recession occurs in the business cycles, the existing problems in education systems and labour market do worsen. Recession affects the quality and security of jobs. It leads to retrenchment, and when it occurs in organization the less experienced and qualified are the first to be fired. For instance in the United Kingdom recession in 2009 rendered many youth unemployed. Lack of capital and credit facilities Youth lack capital to start businesses in free markets especially when they come from financially instable families. It becomes inaccessible due to lack of a collateral and high interest chargeable to loans. Most of youth lack financial history and the lending institutions do decline to risk offering them loans to start businesses. Lending institutions focus to the few individuals in the economy who are able to take opportunities. Lack of entrepreneurship skills .Most of young individuals lack entrepreneurial skills to start and run businesses. They are lack the basic skills required to identify an opportunity, gather required resources and run a business. Opportunities are identified by the old individuals in the field who are experienced and able to run the start-ups effectively. Lack of access to technologies. In most countries, youth cannot afford internet connection. They lack access to information in the digital era. This is mostly experienced in low income countries where even learning institution lack access to technology and internet. When young people graduate, they are at a disadvantage in the job market. Employers will seek for few exposed and knowledgeable candidates leaving the rest unemployed. Consequences of Youth unemployment Lack of innovation When youth people lack opportunities to put their skills into practice, they get lost .Young people end up losing their talents that would otherwise bring new methods of production or products to the economy. The economy suffers in the long run because the knowledge and capabilities of a young people are not utilized in producing innovations that contribute to economic growth. The economy lacks new creativity and diverse thinking that is naturally present amongst the young people. Political Unrest When youth are idle as a result of unemployment, they engage in riots and protests against the government of their country. Increased levels of youth unemployment lead to political unrest in the country and they threaten the internal security of a nation. For example in the year 2008 to 2011 ,when there was raise in youth unemployment in Europe ,there were riots and protects witnessed in a number of countries e.g. Spain, France and United Kingdom. Loss of a generation Young people are viewed to be the next social and economic generation. When they are not employed to utilize their skills and improve them, it consequently implies that a country will be losing the next generation. Unemployed young people end up living in poverty since they will lack money for basic needs. When young people are unemployed, they become socially excluded generation ( Morsy, 2012). Increase in crime Young people have a lot of energy and when they are not employed, they end up shifting attention to crime. Uddin et al (2008) stated that when young people who have skills lack jobs, they shift attention and use their skills to commit crime to earn a living .For example the cybercrime is rampant among learned young people. Poverty Poverty is defined as the general scarce of ones necessities (Merriam, 2013). Sabates (2008), outlines that poverty is diverse concept that includes economic, social and political elements of an individual or country. Poverty is a temporal situation that can last for a short period of time or long period of time. It can either be absolute or relative. Absolute poverty refers to lack of basic needs while relative poverty takes into consideration of a persons economic and social status in relation to others in the society. Causes of Poverty in Free Market Heavy competition The have-nots in free market are faced with heavy completion from the haves in business. When poor people try to start up businesses, they face stiff competition from the rich who have access to adequate capital and are able to operate in large scale that enable them benefit from economies of scale. As a result, poor people are in most instances kicked out of businesses and are left with nothing to do. This scenario increase the inequality in the economy with rich getting richer and poor getting poorer. Lack of Skills Individual who lack skills are not qualified to take job opportunities in a competitive free market. Employers in free markets go for most qualified individual who are well trained from the best institutions of preferences. When individual lack decent good rewarding jobs they get demoralized to work and opt for informal sector where they are able to access basic facilities. Lack of Capital When individual lack capital, they end up unable to start enterprises that would earn them incomes. Lack of capital by individuals makes them losers as they will have to watch those who have capital take their opportunities to invest and earn money. Limited access to credit Access to credit in free market requires collateral and financial history. When an individual is not from a financially stable background, then it becomes hard for them to start accessing credit services in a free market. The financial institutions are competitive and prefer working with the haves because it easy to recovery loans. This makes it difficult for individual from poor background to start or run businesses that are competitive in the economy. Lack of Protection from the Government It is hard for infant industries to develop in a free market unless they are offered protection by the government. When start-ups are not protected from the established businesses, they fail due to market failure. Established businesses have the first mover advantage and their producing average cost is minimum which not the case with infant firms. This phenomenon is rampant in free market making it impossible for new businesses to enter the industry. Consequences of poverty Poverty leads to increased criminal offences, low standards of living, increased epidemics and inequitable economy. Ways of reducing Youth Unemployment and Poverty Recommendations to Businesses Businesses need to do the following to reduce youth unemployment in a free market economy; Partnership with the education institutions .Businesses can help reduce youth unemployment by partnering with learning institutions to enhance matching of skills trained and the job requirements. Offering attachments and internships to youths. It recommendable that businesses offer working experience to learning young people to develop their skills for future careers while they are still students. Offering assistance to students about the transition from being a learner to the world of work. Businesses can host career talk around the learning institutions to advice young people .This will enable youths to be prepared on what to expect in the job market and how to conduct themselves till they are absorbed in the job market. Businesses can help reduce poverty in a free market economy in the following ways; Designing products for the poor individuals in the society. Businesses can help reduce poverty by producing products that are designed for bottom pyramid in the society. By doing this, poor individuals will be able to access products that can help raise their standards of living. Attracting the best employees to the business. Businesses can find out the talented people around the locality and absorb them. As a result businesses can help reduce poverty levels in the society. Offering entrepreneurial skills to the society. Businesses can help reduce poverty by empowering the locals with entrepreneurial skills that will enable then start up small or medium business that can act as a source of income. Recommendations to Governments Governments need to do the following to reduce the levels of youth unemployment; Fostering an education system that teaches 21st century skills .The government should update the education system to fit the requirements of the current century. For instance, use of technology should be incorporated in the school curriculum. Providing youth funds for capital to start businesses and offer credit facilities. The government should set financial institutions that will enable young people to access capital and credit at relatively lower interest rates and friendly terms. Training youth on entrepreneurship .The government need to empower young generation with startup skills of a business to enable creation of jobs among youths. This will reduce the level of youth unemployed in the economy. Vocational training in the learning. Governments need to train it young people on other skills not necessary academic knowledge. These skills reduce the level of unemployed youths. Governments need to do the following to reduce poverty in a free market economy; Protectionism of the infant industries to enable their establishment in the economy untill they mature and can stand for themselves. Governments need to offer protection to the new businesses that are facing stiff completion until they develop to avoid unfair competition. Methods that can be used to protect infant businesses are subsidies, incentives, tax exempt and reduced registration fees. Provision of financial services to underserved poor people through micro loans. Governments can offer micro loans through micro finances to poor people to enable them acquire capital and credit for starting and running their start up business. Conclusion According to the study, it evident that though capitalism is the economic system widely used the 21st century it has loopholes that are causing more harm in the society. And unless certain measures are put in place, the harsh drawbacks of free market economy will cause more problems to the nation and the world at large. Due to it nature, capitalism has made winners to win while and losers have lost more. Capitalism leads to economic oppression of the have-not. From this study, youth unemployment can be reduced by equipping young people with more vocational, life-skills, entrepreneurial and current 21st century job skills. Also, it is possible to reduce poverty level by protecting infant businesses, training citizens, and offering capital at affordable interests and considerable terms by the government. Businesses have a role to play also in order to reduce youth unemployment and poverty in a free market economy. 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