Thursday, November 28, 2019
Northern Rock Plc free essay sample
Plc Contents Page 1Report2 1. 1Audit Committee and Auditors2 1. 2Experience:4 2Comparison5 2. 1Chief Executive and Chairman5 2. 2Audit Committee5 2. 3Risk Management Committee6 2. 4Remuneration amp; Nominations Committee6 3Chance of another failure6 4Conclusion:8 5References8 Report In this report I am going to highlight the weaknesses in the corporate governance code of Northern Rock that lead to its downfall. Audit Committee and Auditors According to the UK Corporate governance code the board should set up formal and obvious arrangements bearing in mind how to apply the corporate reporting internal control, and risk management rules for keeping the right relationship with the company`s auditors. The board should make up an audit committee of at least three non executive directors in the case of smaller companies at least two NEDs. The chairman can be a member in smaller companies but cannot chair the committee unless he or she was considered independent on appointment as chairman. The board should make sure that at least one the member should have recent and relevant experience in the audit committee. We will write a custom essay sample on Northern Rock Plc or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The boardââ¬â¢s responsibilities are to lay out all the terms in writing and monitor the financial statement of the company, to review the financial performance and reporting. It should also review internal financial control, risk management system if not in place separately to check the effectiveness and internal function of internal audit. The board should also be review and monitor the external auditors work their appointments and re appointments, their remunerations, and more importantly the non audit services should be checked very closely. In the case of Northern rock the board and the audit committee failed to implement the above mentioned guidelines. In July 2007 the chief executive published on the website that operationally Northern rockââ¬â¢s first half of 2007 was a good one. He mentioned that mortgage lending in particular was strong. If that was the case then how did Northern Rock end up being nationalised in just over 7 months? Was someone checking and verifying the statements of the chief executive. The external auditorââ¬â¢s complacency was another issue. In their report of 2006 they gave a clean bill of health. This was later investigated by the House of Lords economic affairs committee which found that the auditors had performed their job carelessly. An effective audit committee could have spotted these problems well in advance. The reason for PWCââ¬â¢s complacency might either be because of the presence of Rosemary Radcliffe on the audit committee who was previously a partner of PWC or maybe they were providing other non audit services to the company and did not want to upset the board. As per the corporate governance code the number of audit committeeââ¬â¢s members was according to the code but none of the NEDs had any financial experience. Nichola Pease had experience of fund management but not in the banking industry even that experience was not a recent one as required by the code. It seems that at Northern Rock the audit and risk committees were not taken very seriously as Rosemary Radcliffe only attended two out of four audit committee and one out of three risk committee meetings. Experience: Northern Rock appointed a Senior Independent Director with over half the board being non-executive directors- following the combined code 2 and Basel 2 recommendations. However none of the directors were experienced enough in the field of banking not even building society. This in fact does not support the idea of having good corporate governance as it does not ensure failure or success. The above factors raised questions as to why the companyââ¬â¢s shareholders did not question the risky business model or was it because of outstanding profits seen as the reward for taking such risk. The remuneration committee can also be held responsible for the failure as both the chief executive and the company took on the gamble for the high risks which in turn questions the values of the shareholder and executive. As mentioned above there were so many factors involved . i. e. he lack of experience, the chairman of the board and nominations committee Dr Ridley had no prior financial experience and even the subject that he has studied is far different to the role he was responsible for. The other four non executive directors Fenwick, Gibson, Pease and Queen also did not have recent relevant experience. Sir Derek Wanless with a good education background but unfort unately with some negative history while working in NatWest where he got paid ? 3M having lead a disastrous acquisition strategy. If the company was aware of the history then why was he appointed as a chairman of the Audit and risk committee? All of the above points indicate that it was really poor corporate governance in place which neither of the committee paid attention or lack their experience in the case of chief executive`s appointment cannot be said that much as he was internally promoted it is sometimes good so he knew about the company from scratch to the top but in some case it is better to have an experience person from a different companies so that they can bring new ideas and innovation. The audit committee had to review what they have been there for the monitoring of the internal financial control, the services, remuneration, re appointments of the external auditors. If the corporate governance were strong in the company there would not be any mis representation of the financial reporting neither by the chief executive nor by the external auditors and also they would have known the consequence of the failure before it had happened. Comparison In this question I am going to compare the governance arrangements noted in the case study with the current version of the UK corporate Governance code. Northern rock had applied most of the governance code but there were some weaknesses in some of the areas. Chief Executive and Chairman As per the UK governance code the chief executive and the chairman should be separate, their re-appointment and remuneration will have to be approved by the board. In Northern Rock the above codes were applied properly. Chief executive and chairman were two different individuals and their appointment and re appointment were also approved by the board. Audit Committee As mentioned above Northern Rockââ¬â¢s audit committee failed to comply with the UK Corporate Governance code on more than one count which led to the auditors not performing their job properly. Audit committee should act as a watch dog in an organisation. Risk Management Committee UK corporate governance says that the board should conduct a review of the risk management committeeââ¬â¢s effectiveness at least on a yearly basis. The review should cover almost everything including financial, operational and compliance controls and should be presented to the shareholders. Looking at the timeline of collapse of Northern Rock it seems that the risk committee was not very effective in identifying risks faced by the organisation and hence failed to perform its duty properly which led to the collapse of UKââ¬â¢s 5th largest lender in within one year. Remuneration amp; Nominations Committee According to the UK corporate governance code the company should have a remuneration and a nomination committee which should determine the salaries of the board members and should nominate suitable individuals for appointment. The nomination committee should be made up of non executive directors who should be independent members of the committee. The chair or non executive director should chair the committee but he or she should not chair the committee when appointing the successor to the chairmanship. The committee should also evaluate the skills, experience and knowledge of the candidate when making recommendations. It seems that northern rockââ¬â¢s nomination committee failed in doing their job properly according to the UK corporate governance code. If they had fulfilled the above requirements in accordance to the UK code then the inexperience of the NEDs would have not been an issue. Chance of another failure Generally, organisations with relatively poor governance donââ¬â¢t succeed as uch as those with high standard corporate governance aided by investors. Northern Rock proved this statement when worries about corporate governance resulted in poor performance. This came about 4 years before it was nationalised when shareholders were concerned in the kind of bonuses which were being paid to executives. This develops another understanding about the theory that governance drives performance rather than performance driving governance. Non-executives improve performance and t he balance between executives and non-executives is very vital. Considering both the internal and external factors affecting the failure of northern rock it was mainly caused due to its internal disability of managing crisis. It was the very flawed legal regulation and the poor corporate governance of Northern Rock that let itself down during the tough mortgage crisis in the US. The business model of the company worked for a number of years but despite the risk involved the non-executive directors cared less of the actual risks to the companyââ¬â¢s model. Lesson can be learnt from the Northern Rock fiasco by other businesses regardless of their size or profitability. If any business does not implement the corporate governance codes properly they are guaranteed to have problems sooner or later. Similar failure happened to the fourth largest American bank Lehman brothers due to poor corporate governance as their systems were very weak. The key areas of the failure were Corporate risk management, Board of directors, remuneration committee and nomination committee. The board of directors included nine retired four of them 75 years old one a theatre producer and another navy admiral with no banking industry experience. In the board of directors the directors were paid well for their work each in the range $325,000 to $397,000 even after getting high return from the company they were not seriously taking care of the company due to having other responsibilities. Their risk management were also a failure because their executive committee the CRO and the CFO meeting were every week but instead they meet only twice in both 2006 and 2007 which was very outrageous. The failure of the remuneration committee was that only $1 billion were paid in cash bonuses in just matter of 8years which is a big failure. Other than that $500 million was paid to the chairman. Out of the ten board member four of them were 75 years old and only one had the recent knowledge of financial sector. If in the future any other bank or business will not make their corporate governance strong I am afraid there will be more cases like in the future. Conclusion: After all I have mentioned above it was a poor corporate governance that led the bank to failure. Northern rock had all sort of weaknesses in their corporate governance code it will be a good lesson for the other banks to learn if they have any sort of weaknesses in their corporate governance they should amend those before it will be too late. References 1. Treanor, J. (2008). Poor governance reduces profits, says ABI. Available: http://www. guardian. co. uk/business/2008/feb/27/executivesalaries. insurance. Last accessed 09 Feb 2013. 2. Roman A. Tomasic . (2009). Corporate Rescue, Governance and Risk Taking Northern Rock and Its International Context. Available: http://papers. ssrn. com/sol3/papers. cfm? abstract_id=1417953. Last accessed 09 Feb 2013. 3. The Financial Reporting council. (2012). The UK Corporate Governance Code. Available: http://www. frc. org. uk/Our-Work/Publications/Corporate-Governance/UK- Corporate-Governance-Code-September-2012. aspx. Last accessed 09 Feb 2013. 4. Agha, M G and Qatinah, A. (). Lehman Brothers and Corporate Governance Failure. Available: http://www. slideshare. net/adnanqatinah1/lehman-brothers-case-study2. Last accessed 09 Feb 2013.
Monday, November 25, 2019
Comaprative Economies essays
Comaprative Economies essays Understanding And Comparing Patterns Of Global Poverty And Inequality. Global poverty and economic inequality have become the source of a great deal of political and social concern in recent times. The co- existence of great wealth and abject poverty, both among and within countries has caused a great deal of controversy amongst world politicians and economists. Both these groups, politicians and economists, have claimed that the central goals of economic policy have always been both efficiency and equity. Unfortunately, despite this, it can be claimed with certainty that a) relative global and national inequality is increasing and b) that relative income of the poorest citizens of the world has declined absolutely. This rise in global inequality has resulted more so, because of a rise in economic inequality among countries rather than a rise in inequality within countries. As the 1995 (Table 7) World Bank Study on Distribution of Wealth shows, average per- capita income in the U.S is about 152 times greater than in Ethiopia and 62 times greater than India. Compare this with the mean income of the top 10% of the population in Brazil (which has one of the highest degree of national income inequality) as being only 50 times greater than that of the bottom 20%. Despite this until recently, for practical/ political purposes most of the emphasis laid on economic inequalities was at a national level. However, with the advent of the globalization culture which started in the 1980s there has been a slight but obvious drift by countries towards global poverty alleviation policies; since the importance of international relationships and systematic self- preservation were realized. In the first part of this paper, I will use different economic ideas and models that help in explaining the causes and sources of this widening gap between the rich and the poor countries. Since the time of Adam Smith, when he pre...
Thursday, November 21, 2019
US GAAP IFRS Convergence Essay Example | Topics and Well Written Essays - 2250 words
US GAAP IFRS Convergence - Essay Example According to the research findings over the past 15 years, many accounting controversies and scandals have caused financial turmoil and resulted in the bankruptcy of several major firms. In response to these events, the IASB (International Accounting Standards Board) began developing the IFRS (International Financial Reporting Standards) to provide transparency and comparability for investors across the world. Today, more than 113 countries have adopted the IFRS or are in the process of converging to the standard. While countries such as Canada adopted the IFRS as early as 2011, the United States has maintained that transition from the US GAAP (Generally Accepted Accounting Principles) to the globally accepted IFRS will require more time. The US GAAP is the accounting standard followed by all companies registered in the United States. Doherty estimates that the US will not be able to adopt the IFRS completely before 2015. As a result, both the FASB (Federal Accounting Standards Board of the US) and the IASB have been working to achieve convergence between the two standards. However, this convergence exercise has been ongoing for several years as related agencies including the FASB, IASB, SEC and the general industry debate on the pros and cons of specific rules and regulations. The first step towards achieving convergence between the US GAAP and IFRS was initiated by the Norwalk Agreement in 2002, under which both governing bodies pledged their commitment towards the goal of convergence and agreed to realize it by the year 2008. The boards met once again in 2008 to discuss outstanding milestones and agreed to fulfill them by 2011. Both organizations planned to achieve this through joint projects that would help define and establish a set of principle-based standards (Nobes and Parker, 2010). Achieving these objectives, within the stipulated time period, has however not been possible, owing to a number of bottlenecks and shortcomings on the part of both the IASB and the FASB. For example, both parties realized during 2010 that they would be unable to resolve all outstanding issues by 2011 (Brands, 2011). In response, they decided to prioritize all such projects based on their relative importance. Despite ensuring quicker resolution of these urgent issues, many prioritized projects such as ââ¬ËFinancial Instrumentsââ¬â¢ and ââ¬ËRevenue Recognitionââ¬â¢ are yet to be resolved. As a result, other ââ¬Ëlow-priorityââ¬â¢ projects like ââ¬ËIncome Taxesââ¬â¢, ââ¬ËFinancial Statement Presentationââ¬â¢ and ââ¬ËLiabilitiesââ¬â¢ are unlikely to be resolved in the near future (Bruce, 2010). Much of the delay can be attributed to the overwhelming and diverse nature of public feedback, received in the form of exposure drafts, which need to be thoroughly examined and analyzed to determine the most appropriate standard. The delay is further exacerbated, as the boards then have to prepare subsequent drafts after taking al l public feedback into consideration and re-expose them for further public scrutiny. Most recently, the FASB and IASB announced that they would re-expose their latest drafts on revenue and leases. Based on their expected date of publication and comments from interested parties, the effective date for both standards is unlikely to be set any earlier than 2015 (Jamal, 2010). Thus, it is evident that despite considerable planning it has been impossible to prevent unavoidable delays in the early adoption of a common accounting standard. Hail, Leuz and Wysocki (2010a) blame the IASB and the FASB for ignoring due diligence and instead focusing their efforts towards meeting the deadline. He criticizes both rule-setting bodies for setting highly optimistic targets instead of
Wednesday, November 20, 2019
U.S. Supreme Court decision Essay Example | Topics and Well Written Essays - 1250 words
U.S. Supreme Court decision - Essay Example In April, advocates for parental choice in education scored a major victory in the precedent-setting case before the United States Supreme Court, American Christian School Tuition Organization v. Winn. The court ruled by a narrow 5-4 margin that the Arizona program promoting school choice can continue âËâ dismissing a lawsuit waged by the American Civil Liberties Union on behalf of taxpayers who disliked the program. The ruling favored arguments made by the Alliance Defense Fund, a conservative legal organization that defended ACSTO over the years. The concurring justices found that taxpayers have no standing to challenge the program because the contributions going toward tax credits are private funds âËâ not government funds (Liptak, 2011). ACSTO, like many other programs in the U.S., gives state residents the ability to receive a tax credit for contributions to private organizations that provide private schools with scholarships. This ruling has wide-ranging effects across the governmental, political, and structural spheres of America.The ACSTO decision will greatly impact the way state governmental entities deal with programs similar to ACSTO across the country. Now that such programs will be recognized as legitimate, due to U.S. Supreme Court precedent, state institutions will no longer be able to easily keep state residents from freely donating their money to organizations that help parents send their children to the private schools of their choice. Also, elected, appointed, and/or career policymakers, such as the U.S. Supreme Court Justices who presided over this case ? as well as lawmakers, senators, governors and mayors ? will be making more and more decisions based on the precedent set in this case regarding the use of private funds donated to generate tax credits. Now, bureaucracies will not be allowed to strike down such contributions within the states that adopt the precedent set in Arizona. On the political level, the ACSTO decision has man y far-reaching ramifications. Political parties, interest groups, and unions that are generally opposed to religious organizations receiving funding in the form of tax credits generated from private contributions will have their hands tied when opposing such programs. Leftist social movements opposed to private schools will now have a more difficult time shutting down programs resembling ACSTO. Also, with the caseââ¬â¢s national attention, 2012 presidential election campaigns and voters agreeing with the decision will more likely take a stance on the parental choice issue. With the extensive media coverage, public opinion was likely swayed in one way or the other. Many were likely swayed by the executive director of the special interest group Americans United for the Separation, Rev. Barry Lynn, who said that the court ââ¬Å"has slammed the courthouse door in the face of Americans who donââ¬â¢t want their tax dollars to subsidize religion (Biskupic, 2011). On the other hand, those with conservative ideals were likely influenced by media statements made by Tim Keller, executive director of the Institute of Justiceââ¬â¢s Arizona chapter, who saw the victory as rebuffing ââ¬Å"efforts by school choice opponents to use the courts to halt programs that empower families to chose a private school education if that is where their childââ¬â¢s needs will be best served (Biskupic, 2011).â⬠The political climate on education has undergone a shift since the decision. Furthermore, the structural forces that hold our nation together, such as the U.S. Constitution, state constitutions, state laws, our federalist system, and the economy, can all be affected in some way by the ACSTO ruling. To accommodate such program funding, federal and state constitutions can be amended, laws can be changed, and the economy can be reshaped, as tax credits up to $500 for donations to groups funding religious schools redistributes much money (Weiss, 2011). The decision could also spur a demographic shift, as families
Monday, November 18, 2019
Marketing Proposal & Advertisement Assignment Example | Topics and Well Written Essays - 750 words
Marketing Proposal & Advertisement - Assignment Example It is my proposal that we hold a marathon event for all type of people. However, we will have to collaborate with the wildlife agency to allow us to use the Park. Other global companies and organizations such as Coca-Cola, W.K.K.F, Pepsi and Safaricom are willing to help in saving the situation support the event. Using the National Park will be helpful because people will have fun and at the same time help us to assist the communities have water for irrigation. There being no food available in the area is a motivation that the water will boost irrigation and food security in the locality will improve. The target audience for the marathon event is athletes, people interested to spend their weekend in a Wildlife Park, rich people interested to lose weight by exercising, our sponsors both local and international, and all the well-wishers willing to make a difference in the society. Obviously, there are those people who are passionate to promote charity work. Secondly, there are those people who love spending their weekends in a place far away from homes and prefer attending events. Thirdly, considering that there will be rewards for the top five people to finish the race, there will be people who will be willing to exercise their talents in the events and maybe emerge the winners. Fourth, there are those people are passionate about charity work and they will find an opportunity to participate and have fun too. Nevertheless, there will be people who will be influenced by their friends and colleagues to attend the event. Putting all these people interested in the event, the event will provide satisfaction to all the people in attendance. The Fundraising event has several benefits to the people in attendance and more profit to the communities living in the locality. The people in attendance will enjoy in the event, execise their bodies and enhance their health, fulfill their desires of spending their weekend in a park and finally feel
Friday, November 15, 2019
Resolving Problems with a Local Area Network
Resolving Problems with a Local Area Network Network user problems: Explain different problems that a user of a local area network may faces while accessing the network. Poor or bad cable issue: Poor or bad cable issue is problem of a local area network which faces by user while accessing the network. In this problem, if the client computer is capable forconnect to the network, the performance might be reducing. Everyone could not be able to attach to the computer. Moreover, the current Gigabit network to the desktop is general, so that is why Gigabit category 5 will not work for less than concert and four pairs of cable as well. Cant get an IP address: The system is disconnected or ineffective. The operating system that can alert an address of the DHCP server (Dynamic Host Configuration Protocol) has not received. Furthermore, afterwards verifying the status of the system adapter can be configured to it. DHCP server could be out and server service will be interrupted as well. In addition, the device never reached the server for the first time. Printing problem issue: Printing problem is also of user area network which faces by user while accessing the network. Printing does not constantly work on network. To determine if a user is experiencing this problem, many people have the same problem. Moreover, only one problem, so it may be that the computer is not properly mapped to the printer server. If it does not cause the network between the client and the printer can be responsible for it. Provide a scenario as an example to explain a user having difficulties accessing the network. I am going to explain the scenario of a company difficulties which faced by user. AWI is a company and which company have so many computers.à There is some problem like poor or bad cable printing problem, can gets IP addresses. After that, user did find the issues and solve it with the help of internet. Identify and describe the potential solution to any 2 two of the problems mentioned above. Solution of Poor or bad cable: First of all, user should check cable, after that if any cable issue. Then user should change the cable. The cable has become untwisted; re-terminating the cable may resolve the errors. While following new advancements like power over Ethernet and Gigabit. The category 5 should be improved. Printing problem issue: In the beginning. Verify the configuration of printer, ensure it has a good IP address and can access the printer server as well. Apart from this, the print driver has settled printed problems. Create a form to document the problems and their solutions in knowledge base. à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à Knowledge Base-Form Name of the CompanyAWI Clients NameRajwinder Kaur Date and Time09/02/2017 -12.00pm Problem Detail:In this company, user faced local area networking problem while accessing the network. This is poor or bad cable.à In this problem, if client computer is capable for connecting to the network, then performance can reduce. Gigabit cat5 will not work for four pairs of cable. Name of the Technician Lakhwinder Kaur Date and Time10/02/2017- 12.00pm Service Hours 30 minutes Proposed Solution: First of all, user should check the cable and find out the errors. Then, if problem in cable so, change the cable. ResourceInternet,à Crimpingà Tools, Cable Costs$20 Procedure Personal First of all, I did find the problem and Then, got the information from internet, à à How we can solve the problem. Finally, I did solve my problem. Company ContactAddressAWI International Education Group Information Phone02232078935 à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à Website[emailprotected] Fileserver problems (Application server): Explain different problems associated with setting up a file server. Hard disk failure: A hard disk failure issue of fileserver. A hard disk failure problem happen while a disk drive malfunction and accumulated the information and that cant be accessed correctly configuration to computer. Moreover, Due to this problem, heats up the desktop and laptop when starts. Due to inadequate or defective fan ventilation of the CPU, hardware equipments damage. Slow speed: In file server issues second point is slow speed. In slow speed issue when server is not working properly then, processor takes too much time for downloading the files and so on. Moreover, sometime this issue occur when we keep extra data in computer. Security Issues: -In security issue, server folder security used for the à à à à à à à à à à à à client to offer the access to the file in the group. Moreover, on the file à à à à à à à à à à à Server if the safe information is passed on the server and then user à à à à à à à à à à should look after the data on the server. Provide a scenario as an example to explain problems related with file or application server. Spark is a company in Auckland (New Zealand). This company have lots of computers. Users faced so many problems like hard disk failure, security issues and slow speed as well. Find the issue with the help of internet and then, installed antivirus software and got information how can fix it. Finally, I resolved the problem. Identify and describe the potential solution to any two of the problems mentioned above. Solution of Hard disk failure issue: Firstly, system should be shut down properly. It also is stay away from the installing supposed software. Hard disk ought to be clean commonly. Structure do update time to time. Moreover, should swap the HDD after three to four year. Solution of security issues: -There are so many good antivirus programs for the solution of securityissue. Update the antivirus software version to secure the computer system for malware and provide security providers on the internet against viruses, Trojans etc. Create a form to document the problems and their solutions in knowledge base. à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à Knowledge Base-Form Name of the CompanySpark.com Clients NameChris Date and Time10/02/2017- 12.30pm Problem Detail: Hard disk failure issue of file server. This problem happen whiles a disk drive malfunction and accumulated the information and it cant be configuration to computer properly. Name of the Technician Tiago Date and Time10/02/2017- 12.30pm Service Hours 25 minutes Proposed Solution: In beginning, I got information from internet how we can find this problem and fix it I did start find the problem.à Then, installed the software for remove the problem. Structure should update time to time. ResourceLaptop, Internet, Costs$20 Procedure Personal Computer, Internet, Antivirus software Company ContactAddress123Welson Street, Auckland InformationPhone0224356737 Website[emailprotected] Performance issues: Explain different issues related to network performance. Hard drive usage: Hard drive usage is first and the foremost issue of network performance. Mostly information exchange starts and finishes with a hard drive.Specifically, if at least two projects attempt to get to the hard drive in the meantime, information throughput will drop exponentially. Moreover, it is normally the slowest part inside the machine. CPU usage: CPU must be shared by grater part of the product running on a framework. Framework with different CPUs is not quicker than those of single CPU. In present day working frameworks, there are regularly twenty to sixty projects running when the client is not doing anything. Window is here and then slower on different CPU. RAM: -In spite of the fact that system information exchange does not ordinarily include much direct memory utilization. Moreover, user computer accidently start again as user in the central of something.à The folder structure of hard drive might be gradually deteriorated and user will not longer be able to boot user machine. Provide a scenario as an example to explain performance problem related to a local area network. Identify and describe the potential solution to any two of the problems mentioned above. Solution of CPU usage problem: In addition, user should update to your computer. Some programs are doing slow your computer, so that is why should remove that programs. As well should keep antivirus in your computer for remove the virus. Ought to be changing the power settings that will help in growing the processor capacity. Solution of RAM problem: First of all, user should test the memory modules and should check which module is not working. After that, also ought to be checking the memory slots. If any problem in memory slot so user could restore the motherboard. After change the memory slot module the lined up should be correctly on the bottom. Create a form to document the problems and their solutions in knowledge base. à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à Knowledge Base-Form Name of the CompanyVTNZ Clients NameAnil Verma Date and Time10/02/2017-1.00pm Problem Detail:RAM problem is related to network performance. Due to this issue, user computer start again and folder structure of hard drive might be gradually deteriorated. Name of the Technician Lakhwinder Kaur Date and Time10/02/2017 à 1.00pm Service Hours 20 minutes Proposed Solution: Firstly, did check the memory modules which module is not working. Then, find the problem in memory slot and finally change the motherboard and solve it. ResourceLaptop, Internet, Motherboard, antivirus Costs$50 Procedure Personal In addition, I find the problem of RAM. Then , à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à Search on internet how we can fix it. Company ContactAddress20 Queen Street, Auckland InformationPhone0221451737 Website[emailprotected] à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à TASK 2 Monitor and maintain the performance of a local area network: 2.1à à Identify and list any 5 network monitoring tools. Alsoà à à à à describe the features of those tools which deal with the performance issues of a local area network. Monitoring tools and features Total network monitor: -This device is the non-stoppable host, monitors network services. They also informed us that all issues need attention. Apart from this, this trouble is given a full report. The device is fixed to troubles successfully or negative consequence or still using the color code was imperfect. Nagios: -A flawless network to run all applications and all services must be up and running on the network at all times. An application, services, helps administrators to maintain critical systems at all times. Furthermore, to keep all this time is going to be good and also we need special control equipment i.e Nagois. This application is the core monitoring engine acts as a heart. The dude: -This dude monitoring tool is responsive device. Everyone can create automatic analysis for the device. Apart from this, it detects the trouble and alerts you while monitoring devices. Microsoft network monitor: Microsoft network monitor is local area network monitoring tool. This tool monitors the performance issues of a LAN network. Moreover, the operation control, to analyze and to capture the flow of traffic in the network allows to administrator. Mostly a device that network administrators must find easy to control.à This device is helpful for troubleshoot the networks problems and applications as well. Advanced IP scanner: In advanced IP scanner monitoring tool perfectly an administrator in a local area network, like network, wireless, routers devices for example mobile phones must be monitored. Moreover, this monitoring tool to share databases on a remote machine if HTTP and FTP has been able to connect as it helps us. This device allows starting the computer and shutting down the remote computer as well. 2.2à à Install any available network monitoring tool on a computer having Windows Server 2008 and monitor the bandwidth usage over a period of at least 5 minutes. Figure1. It shows the dashboard IP addressed by bytes. Figure2. This picture represents the summary of capsa. 2.3à à Analyze the information showed in the bandwidth monitoring graph to explain if the usage of network is reaching to its limits. First of all, I did install the capsa software. This software examines according the Internet protocol address. This represents the traffic buffet information. Moreover, this software gives information of summary and shows bytes, packets and bps so on. 2.4à à Explain different technique for preventing performance problems to occur in a local area network. There are so many different techniques for preventing performance of a local area network. First, incline the number and speed of hard disk. Second,for load the balance of server should be added new servers and network functions. Increase to server memory is very vital for preventing the performance of a local area network.Also, should be setting of operating system. One thing is more; user should files moves from the server to the client PC. à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à TASK 3 3.1à à Identify and explain different security exposures and violations concerned with the security of a local area network. Probes: Probes confirm for protected servers or services so as to might be successively on computer on user LAN.à These tests are generally completed through programs that get a collection of IP addresses selected by the individual running the program. Moreover, there are some common services like mail, web and so on. Apart from this, when set up of other services then program try to observe. Furthermore, if it know how to login or else get access to that service. Probes are not to run some servers which you cannot recognized. Worms: A worm is a separate malware computer program. It is very harmful for network. Worm replicates itself to spread one system to another system. It does not require human intervention to spread.à It makes unusual to storage devices. Virus: Viruses are normally not security threat in a local area network to PCs. Virus can create lots of troubles. Moreover, it can be change the implementation of processor. It can transmit the virus one computer to another computer as well. Furthermore, virus can do loss the data.Due to the virus processor working slowly. Trojan Horses: Trojan horse is any malicious computer program which is used for hack into a computer through misleading client of its correct intention. This threat attackers use for private information like as banking information, passwords and personal identity as well. Moreover, this threat use for spreading malware across the network. Also, it can be corrupt the data and deletion to files. 3.2 Determine the possible solutions to these exposure and violations by giving at least 1 example each form an industrial perspective. Solution of Virus: Malicious software is very helpful for removing the virus, because without malicious software is very to remove the virus. Apart from this, there are some removal tools as well. User should install antivirus software for removing the virus. As well, user ought to be keep antivirus application for updating the computer. Solution of Trojan Horses:- Firewall software could compose invisible to user PCs.Firewall software too advise to user while programs on user PCs try to the attached with internet without significance. It will give information if user gets some virus.User should remove problems which are affected by Trojan horses threat. TASK 4 4.1à à The sender in a LAN send 10110110; a hacker alter the data and the receiver receive 10100110. As a network expert analysis to find out the position of error bit. P1 P2 1 P4 0 1 1 P8 0 1 1 0 1 2 3 4 5 6 7 8 9 10 11 12 P1 = 10101à à à à à à à à à à à à à Oddà à à à à P1=1 P2 = 11111à à à à à à à à à à à à à Oddà à à à à P2=1 P4 = 0110à à à à à à à à à à à à à à à Evenà à à à P4=0 P8 = 0110à à à à à à à à à à à à à à à Evenà à à à P8=0 Transmitting data 1 1 1 0 0 1 1 0 0 1 1 0 1 2 3 4 5 6 7 8 9 10 11 12 Hacker attack the receiver data 1 1 1 0 0 1 0 0 0 1 1 0 1 2 3 4 5 6 7 8 9 10 11 12 P1= 1 1 0 0 0 1à à à à à à à à Odd P2=1 1 1 0 1 1à à à à à à à à à Odd P4=0 0 1 0 0à à à à à à à à à à à à Odd P8=0 0 1 1 0à à à à à à à à à à à à Even Add parity bit: P1+P2+P4+P8= P7 So, P7 position is wrong. 4.2 Analysis a 10 bit sequence 1010011110 and a divisor of 1011 for error checking using CRC. Data: 1010011110 Divisor:1011 1001000111 1 0 1 0 0 1 1 1 1 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 0 1 1 0 1 1 0 0 1 0 1 1 0 1 1 1 0 1 0 1 1 0 1 0 1 0 1 0 1 1 0 0 0 1 à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à 1001000111 1 0 1 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 0 1 0 1 1 1 0 1 1 0 1 1 0 0 1 0 1 1 0 1 1 1 0 1 0 1 1 0 1 0 1 1 1 0 <
Wednesday, November 13, 2019
Comparing Stereotypes and Stereotyping in Measuring My Blood and The Ar
Conformity and Stereotypes in Measuring My Blood and The Artificial Nigger à Adults frequently make conscious attempts to pass on their values and judgments concerning a number of matters to younger generations by sharing their own views. Generally, the advice they pass on is helpful for one to become a successful, productive member of the general population; however, this process of indoctrination can be harmful if the views shared by the elder are racist. Gerald Vizenor's "Measuring My Blood" and Flannery O'Connor's "The Artificial Nigger" explore the circumstances in which racist individuals try to induce others into following stereotypical ideas and how their influence can lead to a negative outcome. à One reason older people project their negative, racist attitudes is so that they may boost their own self-image. For example, in O'Connor's "The Artificial Nigger," Mr. Head acts as if he were the world's foremost authority on African-American issues since he has interacted with them during several brief occasions in the past. In Nelson's uncultured opinion, his grandfather's seemingly unendless knowledge about black people is impressive, and "for the first time in his life, he understood that his grandfather was indispensable to him" (257). The elderly grandfather enjoys the rare occurrence of having Nelson look up to him and respect his authority. Generally, Nelson merely looks at his caretaker as just another poor, unsophisticated country redneck incapable of furthering his own well-being; however, when the issue of black people is brought to attention, he is finally taken seriously. Otherwise, Mr. Head is just an unsophisticated man who gains his sense of self-worth b y abusing minorities. ... ...is the transfer of racist ideas through the use of indoctrination. While the main difference between the two stories lies in the way a seemingly trustworthy source shares its stereotypical ideas with either a single individual or a large group, indoctrination, as evidenced in both stories, can be hurtful and damaging. Some individuals, such as Gerald Vizenor are able to see the racism often associated with the sharing of ideas, but other, less intelligent or caring people simply accept other people's opinions as their own. à Works Cited à O'Connor, Flannery. "The Artificial Nigger." The Complete Stories of Flannery O'Connor. New York: Farrar, Strauss and Giroux, 1971. 249-70. Vizenor, Gerald. "Measuring My Blood." Native American Literature: A Brief Introduction and Anthology. Ed. Gerald Vizenor. New York: Harper Collins, 1996. 69-74.
Monday, November 11, 2019
Intra Organization and Power Bargaining Model Essay
Intra organization is a key factor to the beginning stages of how successful a bargaining unit will be in negotiations. Intra organization is when each respective in a particular bargaining unit works towards a consensus. The inability to agree within ones bargaining unit slows down the process and can create dysfunction. Negotiating starts within each bargaining unit during pre-bargaining preparation. This is where discussion and negotiations begin within each bargaining unit to decide what is most important to least importance. Once the pre-bargaining preparation process is complete, the bargaining unit is ready to negotiate against the other bargaining unit. There were many forces that impacted our Intra-organizational bargaining. First we all had our individual perception on what was most important and what was least important. This had a lot to do with our personalities, attitudes, values and beliefs. For example, depending on our personalities, those who were shy didnââ¬â¢t get to fully express how they felt about their issue. On the other hand those in the bargaining unit who were out spoken would make it a point to not let up and fight for their concerns. Our bargaining unit had a variety of issues we wanted to push to get into the contract. We had to decide what we considered a must haves and what can be used as a bargaining chips. Discussions continued until we all had a good idea where our stance was as a bargaining unit with each issue. The end result of our intra-organization bargaining was difficult but successful. We were able to agree on what issues were most and least important to our bargaining members. We had a few bargaining representatives who were concerned with subcontracting and their job security. Then we have other members who felt subcontracting was irrelevant but having a flexible schedule was above all else. My concern was to allow management to keep their managing power in order to continue to be strong in this competitive market. I needed innovative ideas to create progress within the company, while building opportunity for our members. We agreed that machinist would get a 6% increase and nothing less. We wanted a wage increase across the board for all employees, but our team agreed if we can give employees other benefits outside of pay increase; we would still be in good stance. We understood that we should negotiate taking subcontracting out of the contract, and use it as a bargaining chip. While understanding that our bottom line in regards to subcontracting was the language; we wanted to make sure management doesnââ¬â¢t have full reigns. We would allow management the option to subcontract but at the same time put limitations to subcontracting with the language used in the contract. As a bargaining unit we knew that changing and adding into the contract different aspects such as, flexible schedules, use of vacation, adding health and safety and an apprentice program would help our overall contract negotiation process. Bargaining Power Model Bargaining Power Model a is held by both parties during negotiation process. Its Another important concept is the Bargaining Power Model. Both Union and Management have agreement and disagreement costs. Unions lower managements bargaining power when they receive financial supplements. On the other hand managements disagreements cost can decrease with the lack of need when it comes to employees. Unions and managements bargaining power can change from one day to the next. Incidents such as inventory, supply and demand, wage-price controls, economic changes along with social changes have major influences in the bargaining power model. Under the power bargaining model there are two major assumptions. The first being that ââ¬Å"union and mangament negotiators cost issues in a similar manner and are rational individuals, and if it cost more for a party to disagree than to agree with the other, then the party will agree to the other partyââ¬â¢s proposal. (labor relations process) As the union bargaining unit we have decieded to negotiate a win win bargaining strategy or also refered to Mutual gain bargaining. This strategy is used whern both partys negotiate in away where both needs are displayed and honesty takes the leading roll in negotiations. This strategy seemed to work well with our negotiation process considering we were able to pin point wehre we saw a common ground and dominate those areas. On the other hand we understood what was important to management and see what we can use to lower the cost of agreeing with management on specified issues. e understood that we have a lot of bargaining power considering 95% of employees are in the Union. We put that into consideration as we decided what it was we were going to negotiate and what type of resilience we were going to set for each issue. My Union bargaining member profile was Union International Representative. I had to be sure to negotiate a win-win contract. I wanted to make sure management kept their administrative rights, while implementing new programs to keep union bargaining members happy. My main objective was to make sure it was clear that a great contract is when both parties bargain in good faith. Showing to the members of the union that management is working with the and both parties want to make positive changes within the company for all employees. Implementing new programs such as apprenticeship along with health and safety article will bring positive reinforcement to union members and all members. This helped us come up with strategies to bargain an all-around good contract.
Friday, November 8, 2019
Law justifies itself for being an Assââ¬Â¦Ã¢â¬Â¦..
Law justifies itself for being an Assâ⬠¦Ã¢â¬ ¦.. Free Online Research Papers Help! Help! Police help me from this police. No! To me the gone line is not bizarre. Well, I could hardly find a being on earth who will, in fact, claim it to be bizarre. The people of India enjoy the sporadic monsoons, the soothing downpours; they feel the gravity of the summer, the coldness and charm of the winters, and along with that, they are accustomed to the perennial and remorseless tortures of the so-called erratic police-officers, who claim themselves to be the reincarnation of some ancient God who has taken birth for saving the lives of people in the guise of police officials. Now, I implore your Almighty to once again step on the earth to keep an eye on those very people who, to me, are nothing more than wolves in a sheepââ¬â¢s clothing. To be sure, half the population is dying not of old age, but of police tortures, not of diseases, but because of the bruises in their body awarded by the batons of the officers. The crimes committed by the police officers afford an attention but unfortunately my eyes are staring at the inattentive masses of the country. When one sees law as a dead horse, it forces him to turn his PC on and start typing something which would at least snuggle down his anger and embarrassment. So what should one type is a million dollar question. As far as my views are concerned he should type nothing but the saying that goes without saying-Law is an ass! I read an author saying, law is invisible; it is in the air, in the atmosphere, to the normal touch, so to speak. The mystery (the presence of law) of my life was half-solved when my teacher quietly dictated in class: ââ¬ËLaw remains undefinedââ¬â¢. So if one cannot define law how is then the presence of law justified. Well, whatever is present in Earth, or for that matter, in Mars or Venus, nothing is left undefined. This forced me to modify the former definition a bit. It should rather beLaw is nowhere, therefore invisible. Examples have proved to be more helpful than mere discussion since time immemorial. I am not going to table something which is purely uncommon to the common people. I would rather seek to cite a few instances which are capable to substantiate my argument that law does not exist. Take for instance, when you go to a Railway ticket counter to purchase a ticket and you donââ¬â¢t have change. You take a ticket worth Rs.5 and give Rs.10 (I surmise, everyone agrees that the balance amount is not huge) to the person in counter. The latter wants to have a show of authority which no one could challenge and makes you wait for another 10-15 minutes. If question the wrongdoer, one would receive a short rude reply (the case has maximum application in West Bengal). Now, if law were there in the atmosphere, would then the victim would have to wait there for 15 minutes, missing his train, bearing the expenses of a taxi (he might be a regular bus-passenger), arriving late at office, getting scolded by his manager, losing his one day salary etc. Who is going to compensate for all the consequences? Well, law is, in all likelihood, not bothered about what the ticket seller does. But I am. What can I do? This probably is again a million dollar question. I should again type something in my PC which is likely to calm-down my annoyance. That ââ¬Ëthingââ¬â¢ is the saying that goes without sayingLaw is an Ass! Research Papers on Law justifies itself for being an Ass........Unreasonable Searches and Seizures19 Century Society: A Deeply Divided EraCapital PunishmentThe Fifth HorsemanHip-Hop is ArtLifes What IfsNever Been Kicked Out of a Place This NiceThe Spring and AutumnMind TravelThe Relationship Between Delinquency and Drug Use
Wednesday, November 6, 2019
Spanish Words for Whoever, Wherever, and Whenever
Spanish Words for Whoever, Wherever, and Whenever Spanish has several words ending in -quiera that are the rough equivalent of English words ending in -ever, although they are often used in slightly different ways. Common Words Ending in -quiera dondequiera, sometimes shortened to doquiera (wherever)adondequiera (to wherever)comoquiera, often spelled as como quiera (in whatever way, however)cualquiera, sometimes used in the plural form cualesquiera (whichever, whatever, any)quienquiera, sometimes used in the plural form quienesquiera (whoever, whomever, anyone)cuandoquiera (whenever) The -quiera suffix is obviously derived from the verb querer. The -quiera words can be used as various parts of speech, depending on the context. When used as an adjective before a singular, masculine noun, through the process of apocopation, the ending becomes -quier, as in cualquier hombre, whichever man. Example Sentences Dondequiera que voy, reviso mi correo electrà ³nico. (Wherever I go, I check my e-mail.) Dondequiera que yo vaya, mi amigo va conmigo. (Wherever I go, my friend goes with me. As in this and the preceding example, dondequiera is frequently followed by the relative pronoun que. Although it is common to use the subjunctive mood with this sentence construction, it is not always mandatory.) Y salà a David adondequiera que Saà ºl le enviaba. (And David went away to wherever Saul sent him. Adondequiera is used when suggesting a destination. Adondequiera has the same relationship to dondequiera that adà ³nde has to dà ³nde.) Comoquiera que sea, gracias por tu amable comentario. (Whatever comes of it, thanks for your friendly comment.) Comoquiera que no estaba yo muy convencido, me fui. (Since I wasnt especially convinced, I left. When comoquiera que is followed by a verb in the indicative mood, it often means because or since.) Este programa puede convertir videos de cualquier formato a cualquier formato. (This program can convert videos from any format to any other format. Note that whatever could be informally substituted for any in the translation.) Existen cientos de carreras profesionales, y estudiar cualquiera de ellas tiene sus ventajas y desventajas. (There are hundreds of careers, and studying any of them has advantages and disadvantages.) Cualquiera que estudie este libro va a aprender cosas que le van a ser muy à ºtiles en su vida. (Anyone who studies this book will learn things that will be very useful in his or her life. Cualquiera que is typically followed by a verb in the subjunctive mood.) En cualesquiera circunstancias, la mente siempre encontrar algo para que no seas feliz. (In any circumstance, the mind will always find something so you arent happy. The Spanish is an example of the plural form, although it is translated as singular in English.) Quienquiera que seas, no importa. (Whoever you are, it doesnt matter. Quienquiera que is typically followed by a verb in the subjunctive mood.) Nuestro movimiento est abierto a quienquiera. (Our movement is open to anyone.) Cuandoquiera que dos o tres alcohà ³licos se reà ºnan en interà ©s de la sobriedad, podrn llamarse un grupo de A.A. (Whenever two or three alcoholics get together in the interest of sobriety, they will be able to call themselves an AA group. Cuandoquiera que is typically followed by a verb in the subjunctive mood, although sometimes the indicative mood is used when referring to an event that regularly occurs.) Puedes llamarme por celular cuandoquiera. (You can call me by cell phone at any time.) Translating to Spanish Be aware that while it usually works to translate Spanish -quiera words as English -ever words, the reverse isnt always true. In other words, the -ever words of English are more versatile than the -quiera words of Spanish. For example, whoever sometimes has basically the same meaning as who but is used mainly for emphasis. Thus Whoever is calling you? would better be translated simply as à ¿Quià ©n te llama? rather than using some form of quienquiera. Also, whatever also is used in numerous ways. Where whatever is the equivalent of any, it often can be translated using cualquiera. For example, You can be whatever type of woman you want to be could be translated as Puedes ser cualquier tipo de mujer que quieres ser. But when it is used to express indifference, you might translate it using something as no importa, which literally means it isnt important. Key Takeaways Common Spanish words ending in -quiera include dondequiera (wherever), comoquiera (however), cualquiera (whichever), quienquiera (whoever), and cuandoquiera (whenever).Sometimes the -quiera words are followed by que and a verb in the subjunctive mood.When used as an adjective before a singular, masculine noun, the -quiera ending changes to -quier.
Monday, November 4, 2019
Advantages, Disadvantages, and Roles of International Mergers and Essay
Advantages, Disadvantages, and Roles of International Mergers and Acquisitions - Essay Example It is evidently clear from the discussion that acquisitions refer to a process in which a company transfers the control operations and management to another company and of becomes unit of the acquirer. Acquisitions are run by the same name of the company, which has greater financial power in terms of stocks and shares. Mergers refer to the operational and management combination of two firms to create a new legal firm. Two merged firms lead to increased core strength and operational synergy, which position them on an international market. Mergers and acquisitions provide a potential feature to leverage superior organizational capabilities, enhance market power, reduce costs, and access complementary resources. A number of M&As theories and concepts have been developed such as empire building, disciplinary and synergistic, hubris hypothesis, and market power gain, which are not mutually exclusive because a firm can decide to gain market power and at the same time focused on building an empire. According to Ferreira, Santos, Almeida, and Reis, firms have diversified reasons for implementing the M&A including possible contributions of becoming global firms through attaining synergy value, better international market position, and broader market access. AT&T is a multinational firm that offers telecommunications services. Recently, the company acquired Direct TV to form a firm that would cater for a new telecom and television needs as well as developing the company into and global organization offering telecommunication services to China, United States, and the rest of the world. Synergistic M&A framework compromises of managerial, financial, operational, and market power market topologies. International mergers and acquisitions are associated with various advantages linked to the M&As theories, which also play as the key drivers towards a companyââ¬â¢s breakthrough in the international market. à The advantages range from the financial aspect of the workforce t hat contributes towards the achievement of international goals set by the firm. Some advantages to the buyer (acquirer) may be the disadvantage to the seller and vice versa.
Friday, November 1, 2019
Max Weber the sociologist Research Paper Example | Topics and Well Written Essays - 2250 words
Max Weber the sociologist - Research Paper Example His theories broke new ground, proposing that interpretive, non-empirical evidence can be used to analyze and understand the intentions and actions of individuals within socio-economic groups. Weberââ¬â¢s works put into perspective the effect of culture and religion on economics. Placed within a historical perspective, Weberââ¬â¢s work was bold for the time in that it refutes the notion that there can be a quantifiable gauge for the study of social dynamics. Observation and analysis, skills that served Weber well during his esteemed career, were part of a legacy of academic achievement, passed on to him by his accomplished parents. Weber: A brief biography Born into an affluent family, Weberââ¬â¢s father was trained as an attorney, held a prominent position in the civil service and was a member of the National Liberal Party. Max Weber, Sr.ââ¬â¢s involvement in public life exposed his son to a wealth of socio-political ideas, the familyââ¬â¢s home being something of a g athering place for many leading intellectuals of the period. The younger Weber thrived in this atmosphere, which inspired him to take up Goethe, whom he read voraciously from a young age as well as many other volumes of classical works (Ringer, 2004). Law school and a brief stint in the military during World War I were followed by the beginnings of a legal career, which further whetted his appetite for research and theory. The early stages of his professional life were marked by social and economic studies inspired by a growing Max Weber 4 progressive movement, which Weber joined in 1888 as a member of the Verein fur Sozialpolitik, a professional association for economists. ââ¬Å"What united the members of the Verein was a belief that reforms were urgently needed in Germanyâ⬠(Swedberg & Agevall, 2005). The Verein proved to be a stepping stone for Weber, who earned notice for his report on the displacement of workers in East Prussia by Polish emigres (Kim, 2007). Appointments to Freiburg, then Heidelberg University followed. It was at Heidelberg that Weberââ¬â¢s brilliance attracted the attention of other intellectuals, writers and scholars in the charged academic atmosphere of the famous university town. Germany of the late-19th century was a brash new nation, one gripped by hubris and the aggressive policies of the Prussian political ascendancy. The nationââ¬â¢s burgeoning self-confidence gripped many in the intellectual class, including some of Weberââ¬â¢s contemporaries. Refusing to be swept up, Weber remained true to his progressive convictions, venting his feelings about Germanyââ¬â¢s increasing predilection for saber rattling. ââ¬Å"(Weber) also wrote passionate polemics in behalf of parliamentary reform and against the annexationist hysteria that seized many of his colleaguesâ⬠¦Ã¢â¬ (Ringer, 2004). After his fatherââ¬â¢s death in 1896, Weberââ¬â¢s unresolved, stormy relationship with his parent contributed to a nervous b reakdown, which so debilitated Weber that he was eventually forced to resign from his teaching post and to suspend all scholarly activities. Ironically, Weberââ¬â¢s condition, which led to an abrupt and radical change in his professional life, brought about an intellectual change of direction and priority that would round out his personal philosophy and make him a pioneer in the developing field of social science (Kim, 2007). The resultant study
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