Critical Self Assessment Reflective Essay Social Work Essay

Critical Self Assessment Reflective Essay Social Work Essay Self-assessment is always a challengeable task because people always attempt to conduct a self-assessment but they do not always succeed in this regard. The main reason for the failure of the self-assessment is the inadequate self-esteem or self-awareness. At the same time, it is necessary to conduct the self-assessment in order to define clearly the progress an individual has made in the course of his or her development and the identification of problems in the personal development along with goals of the further development. At any rate, while conducting my self-assessment, I focused on my current development both personal and professional, and, on the ground of this information, I attempted to define skills and areas which need consistent improvement and what I should work on. Initially, I supposed to conduct my self-assessment for myself. In fact, it was just interesting for me to know what a sort of person I am, how I assess and view myself and what I actually want to improve in my personality. However, on a profound reflection, I arrived to the idea that I need to share my self-assessment and I extended my target audience from myself to my peers and people interested in psychology because it is always interesting to get acquainted with oneà ¢Ã¢â€š ¬Ã¢â€ž ¢s self-assessment to be able to avoid pitfalls of self-assessment made by others in the course of their self-assessment. Frankly speaking, I do not want to be didactic but still I just want to share my experience of self-assessment which may be useful to other people, especially my peers, who may have the same problems as I have. While conducting my self-assessment, I focused on my current personal and professional development mainly and, on the ground of my current development, I attempted to define what I really need to improve in myself and my development to become a better person. On analyzing my current development, I arrived to the conclusion that I have already reached positive outcomes in my personal and professional development. For instance, I have always been successful in my learning and my academic successes always encouraged me to carry on my professional development. At the same time, the more I learned the better I felt because I felt and still feel that my knowledge, my skills and abilities are very useful in my personal life. They contribute to my personal development, extend my eyesight and make me spiritually rich because my knowledge and experience are my personal wealth. At the same time, I would like to dwell upon skills and abilities I have already developed and which I consider to be very important in my life. For instance, my organizational skills are of the utmost importance for me but, as far as I remember, I always had problems with my organizational skills which stay a bit under-developed. At any rate, I cannot say that my regular life is well-organized. Naturally, I can do the routine actions I do day after day but sometimes I feel that I am running of time badly and I need more time to do everything I want and I have to do. I do not have a schedule of to dos for every day, although I attempt to plan my actions. For instance, when I have vacations I plan how I am going to spend my vacation and basically I fulfill my plans successfully. On the other hand, in my daily life, I face some problems with the organization of my working day because I can have an unexpected encounter with a friend of mine that may take a lot of time. As a result, I ma y fail to do something important I have planned at the beginning of the day. Furthermore, my organizational skills often into clashes with my leadership ambitions because, as I fail to organize effectively my own work or learning, for instance, than I cannot always organize a work of a group or team. As a result, my leadership ambitions cannot be implemented because people I want to lead are not confident in my ability to lead them. Nevertheless, I was always concerned with being the first, being the leader. In such a situation, I attempt to compensate my lack of organizational skills by my communication skills. I have a lot of friends and I do like the communication with interesting people. I have a few, if any, problems in the communication with any person. I can start communication easily and I make a lot of friends. In this regard, my high self-awareness and self-esteem may be factors which help me to communicate and lead people. frankly speaking, a feel being a bit too self-assured but this quality helps me a lot in my life, although sometimes it provokes conflicts with some people. On analyzing my current development, I focused on my target development. Taking into consideration the drawbacks I have identified in the course of self-assessment, I would like to focus on the improvement of organizational and leadership skills. In fact, I have to learn to organize and plan my daily life carefully because I believe this will help me to realize my full potential and to become a true leader. The latter is very important for me because I do need to be a leader, who guides people and help them to reach their goals, while working in a team. In this regard, the development of social relations may be very helpful. At any rate, I have good communication skills and I can develop social relations effectively but I believe that I need to change the direction in which I develop my social relations. What I mean is that, at the moment, I develop my social relations for pleasure, to make friends, to spend a good time, and so on. Now, I believe it is a high time to change my life a little bit. In actuality, I need to feel being useful to my community. In this regard, I would like to do some volunteer job to develop my organizational and leadership skills. In addition, I will learn how to be helpful and useful to other people. Thus, I believe that my self-assessment can be helpful to those people, who are interested in psychology and who attempt to conduct their own self-assessment. I attempted to be as sincere and critical as possible. I identified my drawbacks as well as positive traits of character. Naturally, I understand that I may be subjective but people, who read my self-assessment, can identify strong and weak points in my self-assessment and avoid those weak points in their own self-assessment.

Most Commonly Cited Characteristics Found in Successful Entrepreneur Essay

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into consideration Frederick et al (2013) point of view of key characteristic, other research suggests that there are further primary attributes that a successful entrepreneur necessitates. The most important traits that all entrepreneurs must retain to have any form of success will be discussed with backing arguments from related literature. While there are many other characteristic, within the scope of this piece three essential traits are discussed. Of interest is the characteristics of confidence, while it will be the negative implications off excessive confidence will be outlined. Additionally, the ability to think creatively and innovative to help differentiate an entrepreneur from a manager or executive is to be analysed based on a example of Steve Jobs. Finally, leadership and it’s importance to an entrepreneurs organisation to allow people to share the vision of the entrepreneur. See more: how to cite an article in an essay It will be argued that without confidence an entrepreneur cannot succeed, however, overconfidence can be a drawback to the point where it is destructive in a entrepreneurs venture. While, any successful entrepreneur must contain the traits of creativeness and have the ability to innovate where society requires a product or service and what factors dictate the extent of the trait. Finally, leadership and it’s ability to motivate and how it is able to share the vision of the company will be discussed with an example as evidence. Confidence Confidence is a trait commonly described in literature as an essential trait for any entrepreneur. It is essential for their confidence to not waver in times of difficult down periods and consequently assists maintaining their confidence as well as the one of the people around them. Their own optimism and creates a level of self confidence that is required in decision making such that Nandan (2011) suggests that it is the self-confidence that allows an entrepreneur to make decisions to overcome any obstacle. Frederick et al (2013) describe self-confidence as a belief within their own ability which lacks hesitation. Although confidence is an essential trait for an entrepreneur, recent research has suggested that there is a cognitive bias of overconfidence in entrepreneurs (Fitzsimmons et al 2011) leading to failure. While Fitzsimmonms and Douglas suggest that the overconfidence is what separates them from being a manager, studies have found that overconfidence can also be harmful when making decisions in response to setbacks (Trevelyan 2008). This has also been backed up by Koellinger el al. (2007) who proposed that a negative relationship between entrepreneurial confidence and the ability for their survival. The evidence collected by literature suggests a general negative correlation between excessive confidence and success of an entrepreneur but it tends to be the case that without confidence an entrepreneur cannot succeed. While literature seems to indicate a fine line between confidence and an excess of it, it is clear any form of overconfidence is seen to be destructive. For example, a highly successful entrepreneur in Australia’s coal mining, Nathan Tinkler, has made his fortune by backing his judgement and investing in a bold play in Middlemount mine at a young age of 26, by taking out a half a million dollar loan. The subsequent sale of the land pocketed himself a sizable profit in which he continued to build his wealth on to become a billionaire and one of Australia’s richest men. However, it is his overconfidence in the coal mining has become his downfall in 2012. While it was Tinkler’s optimism and overconfidence on new venture activity resulted in his wealth, the research has detailed that excess optimism and overconfidence can be a drawback. Whyte et al (1997) found that overconfidence predicts an escalation of commitment to losing course of action and similarly in a simulation study conducted by Audia et al (2000) found that entrepreneurs that experience success were more likely to be overconfident and stuck to their ori ginal course of action (Audia et al, 2000). This is research is shown most prevalent in Tinkler’s actions immediately after his initial success to the point that his blindness and lack of any ability to review alternative decisions with his wealth resulted in is wealth halving. A further instance of this was when Tinkler invested heavily back in the coal mining sector with his wealth as this was the original course of action that made his wealth. Consequently, with a dip in the global coal price, Tinklers wealth halved from $1.18 billion to $630 million with many of his coal business’s put into receivership (Low 2013). His over confidence lead to an over evaluation of his business (Hayward and Hambrick 1997) and resulted in him investing in now unprofitable ventures (Zacharakis and Shepard 2001) because of his excess in confidence and belief of the business he had while lacking the ability on new venture development. Creativeness and Innovation Successful entrepreneur natural trait of being creative or innovative are of people who are driven by the desire to create or change something (Wiley 2007). Frederick et al (2013) suggest that the level of innovation in entrepreneurs is closely correlated to the geographic location and environment. As a result, their findings suggest that innovation and creativeness is not something that is genetic but a trait related to culture. Based on these findings, it would seem that creativeness and innovation may be learned and developed when they have been forced to create change in something (Wiley 2007). Wiley et al (2007) argues in their studies that innovative entrepreneurs include technological entrepreneurs and social entrepreneurs who are not driven to create inventions or new science break through, however, are driven by culture to create change. As a result, studies indicate that this driver emerges from the need for change where unique goods and services are needed to be produced ( Frederick et al 2013). Additionally Jeffery et al (2009) argue in their studies that innovative entrepreneurs differ from executives based on four behavioral patterns. They suggest that innovative entrepreneurs acquire information differently to many top executives as the are able to question, observe the market, experiment and idea network (Jeffery et al 2009). Accordingly, innovative entrepreneurs develop a different train of thought to top managers where it can explain the ability for a innovative entrepreneur to create new innovative ventures. For these reasons it might be suggested that innovative entrepreneurs are less sensitive to the status quo bias and have the motivation to change the status quo through the creativeness and innovation. For instance, regarded by many as the most creative entrepreneur in the last decade, Steve Jobs, one of the co-founders of Apple, opened new product markets where none had existed before, turning Apple into a highly profitable business. He saw what many were not able to see, and developed new products such as the smart phone to compete with the conventional phone, which became the norm of the 21st century. Winslow (2007), suggests that the innovation and creativity has spawned not only because of the electronic era but the plethora of new materials and products (Winslow 2007) and it is clear that Jobs took full advantage of these developments. Leadership Leadership is a device that is used to obtain an organisations goal or desire though the means of influencing, motivation and sharing of a vision (Samson & Draft 2007). Studies suggest that leadership is associated with confidence where without self-assurance there would not be any leadership where it indicates that self-confidence is the fundamental basis of an entrepreneur (Francisco Dau). Furthermore according to Nandan (2011), self confidence is key to overcome any obstacles that may lie in front of an entrepreneur which is essential low periods and periods of uncertainty. Leadership was best demonstrated by Lee Iacoca in the lats 1970s and 80s in his ability to reshape the automotive industry. He is widely seen as one the the most influential leaders of the 20th century that helped reshape America. Indeed, it was his leadership that save Chrysler auto-motives from bankruptcy. Studies conducted by Samson and Draft illustrated that a organisations performance correlated to whether the senior executives and managers demonstrated strong leadership. They also indicated that strong leadership from the top resulted in increase in job satisfaction and commitment which assists in promoting creativity and sharing a vision of change. As a result Iacocca developed his nine C’s for leadership (curiosity, creative, communicate, character, courage, conviction, charisma, competent) where he utilised them to share his vision for change and influenced his employees to support him. Choosing to reduce his salary to $1 a year in order to help restore the company, Iacocca was able to illustrate his commitment to stakeholders and through rational persuasion was able to get the stakeholders to believe in his credibility. His $1 a year salary motivated others and assisted him inspire labor unions to accept a pay cut. Without this level of leadership, entrepreneur’s are not able to share their vision with their employees as entrepreneurs require a team to support them achieve their goals. Iaccoca suggested that having a dynamic team and keeping their enthusiasm and support was critical to achieving any change and vision. Conclusion It has been discussed in detail that there are three main characteristics that are essential to a successful entrepreneur. While studies have detailed the numerous other characteristics that have not been mentioned this this piece, they all shared a common view point that confidence, leadership and creativity and innovative characteristics are all associated with successful entrepreneurs. Based on the examples of previous successful entrepreneurs Steve Jobs and Lee Iacocca, it was illustrated that they all shared the same essential characteristics listed above. The first and most important characteristic for a successful entrepreneur was to be able to have self confidence. Without this key trait, it was illustrated through literature that other characteristics are not possible or ineffective and that it was the fundamental trait any entrepreneur requires. It was followed by the need for entrepreneurs to require a form of creativeness and innovation to create new cheaper solutions, and change the market by implementing services and products subjected to the surrounding culture. Finally, Leadership and its ability to influence and motivate employees to assist the entrepreneur achieve the change and goals they seek is only possible with the help of self confidence.

Fedex Essay

If you were the HR Head of a major competitor of FedEx: a) List down the 3 HR practices which you would emulate of FedEx. Explain reasons for the same. Ans) * Leadership Evaluation And Awareness Process (LEAP) – This policy gave FedEx’s Non-Managerial Employees an opportunity to seek Managerial Positions. LEAP created the chance for Non Management Employees to try out their Managerial Skills. LEAP helped Employees of FedEx check whether they were capable of managing Organizations or not. It also gave a chance to FedEx to check out the leadership and managerial skills of its internal Employees. * â€Å"Guaranteed Fair Employee Procedure† (GFTP ) Via â€Å"People –Service-Profit â€Å" (PSP) Philosophy – One of the major HR practices which made FedEx a success story was the Guaranteed Fair Employee Procedure where all type of Employee Grievances were taken care of. The philosophy of â€Å" People-Service-Profit† where Employees were kept before the company’s profit making motives lead to more motivated employees ,leading to more profits in the long run . It was believed that people before profits were would lead to more efficient work on behalf of the employees to the customers , thus strengthening the brand image of FedEx. * Succession Planning Executive Education (SPEED) – The SPEED program introduced at FedEx were done mainly to give feedback to the high level employees reporting directly to the CEO or to the top management of FedEx. Feedback was given periodically n order to rate the skills and promotability of the people who were likely to replace them in the near future. Such Employees were suggested which areas they needed to work on to improve their skills for their new positions some years down the line. b) If you had to attract top Talent from Fedex, what would be your strategy for this, assuming compensation and role were not the key factors for attracting talent from Fedex? Develop your response based on the case study (identifying areas where Fedex may not be as good) and state your assumptions, if any. Ans) To lure top Talent from FedEx, we can go in for the following strategies: * Fringe Benefits – * Perks – * Job Enlargement And Enrichment More Exciting Job Opportunities Q2. Based on the industry FedEx is in and on the nature of its business, list down 1 or 2 competencies which you think are core to the organization (across functions and levels) and which are essential for employees to possess in order for the organization to succeed. Justify your answer suitably Ans) * Recruitment Focusing on Entrepreneurship – The rec ruitment style followed by FedEx is to hire people who have a mind for new Entrepreneurial ventures. They have to be creative in nature and have the ability to think out of the box. This Recruitment strategy has worked well for FedEx. * Employee Centricity and Retention – FedEx Core Competency lies in the fact that all the Employees are treated equally and every grievance are taken care of. No stone is left unturned to see to it that all problems faced by employees are always addressed to before the company objectives. Q3. What do you think would be the top 5 measures the CEO of FedEx would want his HR Head to measure and report on an ongoing basis.

Role Of Uncertainty And Imperfect Information On An...

The main objective of this paper is to evaluate and examine the role of uncertainty and imperfect information to an entrepreneur. Oxford word reference (2015) defines entrepreneurs as individuals who set up business and taking on monetary dangers in the trust of benefit. To turn into a successful and ambitious entrepreneur there are a few attributes which are required including: being exceedingly self inspired, being daring individuals, being taught and obviously not being terrified of coming up short. (Joe Robinson, 2014) As we think about the role of entrepreneurship in terms of the economic growth, entrepreneurs make new organizations and new organizations,thus they create employment opportunities, based on the above explanation, they†¦show more content†¦They are capable of succeeding their objectives of benefits by trying different methods and also changing quickly as they get new data. (Brian Tracy, 2005). Entrepreneurs and risk taking Risk-taking is a part of entrepreneurial life. Due to this reason entrepreneurs have to have a risk-taking spirit, because not taking risks can kill an enterprise before it gets off the ground. Dr. Shailendra Vyakarnam (2013) adds that entrepreneurs are people who also know their limitations. As entrepreneurs take risks, what they mostly come across are uncertainty and imperfect information. Uncertainty and its importance by Entrepreneurs According to the Business Word Reference (2015); uncertainty is a circumstance where the current condition of learning is such that the request or nature of things is obscure, the outcomes, degree or greatness of circumstances, conditions or occasions is eccentric. The announcement what’s to come is dubious is a conspicuous one –of course it is. In administration we cannot recognize what is going to happen or when or what the effect of it will be. We can assemble data and break down it to attempt to see better what may happen and what the outcomes may be, however we can never know beyond any doubt. An unwillingness to shoulder instability is esteemed in charge of keeping prospective entrepreneurs from taking part in entrepreneurial activity. (Stokes, Wilson Mador, 2010). For Knight, benefit was connected not to riskShow MoreRelatedFeatures Of Entrepreneurs And Risk Taking1553 Words   |  7 Pagesfeatures of Entrepreneurs Brian identified the entrepreneur as a person who is optimistic, future-oriented, thinking that achievement is conceivable and being open to attempting risky methods to accomplish their objectives of benefits. They are capable of succeeding their objectives of benefits by trying different methods and also changing quickly as they get new data. (Brian Tracy, 2005) Entrepreneurs and risk taking Risk-taking is a part of entrepreneurial life. 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The classic example of a government restriction resulting in rents and rent-seeking behavior is that of an import quota and the associated licenses that civil servants give to those entrepreneurs willing to pay bribes. More recently, researchers have begun to test some of these long-established theoretical hypotheses using new cross-country data. Indices produced by private rating agencies grade countries on their levels of corruptionRead MoreEntrepreneurship4156 Words   |  17 Pagesthem’. Joseph Schumpeter introduced the modern definition of ‘entrepreneurship’ in 1934. 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Biography of Hubert Humphrey, the Happy Warrior

Hubert Humphrey (born Hubert Horatio Humphrey Jr.; May 27, 1911–January 13, 1978) was a Democratic politician from Minnesota and the Vice President under Lyndon B. Johnson. His relentless push for civil rights and social justice made him one of the most prominent and effective leaders in the U.S. Senate in the 1950s, 1960s and 1970s. However, his shifting position on the Vietnam War as Vice President changed his political fortunes, and his support for the war ultimately played a role in his loss of the 1968 presidential election to Richard Nixon. Fast Facts: Hubert Humphrey Known For: Vice President to President Lyndon B. Johnson, five-term senator, and a Democratic candidate in the 1968 presidential electionBorn: May 27, 1911 in Wallace, South DakotaDied: Jan. 13, 1978 in Waverly, MinnesotaEducation: Capitol College of Pharmacy (pharmacists license); University of Minnesota (B.A., political science); Louisiana State University (M.A., political science)Key Accomplishments: His role in the passage of the Nuclear Test-Ban Treaty of 1963 and the Civil Rights Act of 1964Spouse: Muriel Fay Buck HumphreyChildren: Hubert H. III, Douglas, Robert, Nancy Early Years Born in 1911 in Wallace, South Dakota, Humphrey grew up during the Midwests great agricultural depression of the 1920s and 1930s. According to Humphreys Senate biography, the Humphrey family lost its home and business in the Dust Bowl and the Great Depression. Humphrey briefly studied at the University of Minnesota, but soon moved to the Capitol College of Pharmacy to receive his pharmacists license in order to help his father, who ran a drugstore. After a few years as a pharmacist, Humphrey returned to the University of Minnesota to earn his bachelors degree in political science, then went on to Louisiana State University for his masters. What he saw there inspired his first run for elected office. From Mayor to the U.S. Senate Humphrey took up the cause of civil rights after witnessing what he described as the â€Å"deplorable daily indignities† suffered by African Americans in the South. After graduating with his masters degree in Louisiana, Humphrey returned to Minneapolis and ran for mayor, winning on his second try. Among his most notable accomplishments after taking office in 1945 was the creation of the nations first human relations panel, called the Municipal Fair Employment Practices Commission, to crack down on discrimination in hiring. Humphrey served one four-year term as mayor and was elected to the U.S. Senate in 1948. It was that year, too, that he pushed delegates to the Democratic National Convention in Philadelphia to adopt a strong platform plank on civil rights, a move that alienated Southern Democrats and cast doubt on Harry Trumans chances of winning the presidency. Humphreys brief speech on the floor of the convention, which led to the overwhelming passage of the plank, set the party on a path to establish civil rights laws nearly two decades later: To those who say that we are rushing this issue of civil rights, I say to them we are 172 years late. To those who say that this civil-rights program is an infringement on states’ rights, I say this: The time has arrived in America for the Democratic Party to get out of the shadow of states rights and to walk forthrightly into the bright sunshine of human rights. The partys platform on civil rights was as follows: â€Å"We call upon Congress to support our President in guaranteeing these basic and fundamental rights: 1) the right of full and equal political participation; 2) the right to equal opportunity of employment; 3) the right of security of person; and 4) the right of equal treatment in the service and defense of our nation.† From U.S. Senate to Loyal Vice President Humphrey forged an unlikely bond in the U.S. Senate with Lyndon B. Johnson, and in 1964 accepted a role as his running mate in the presidential election. In doing so, Humphrey also vowed his unswerving loyalty to Johnson on all issues, from civil rights to the Vietnam War. Humphrey relinquished many of his most deeply held convictions, becoming what many critics called Johnsons puppet. For example, at Johnsons request, Humphrey asked civil rights activists to back down at the 1964 Democratic National Convention. And despite his deep reservations about the Vietnam War, Humphrey became Johnsons chief spear carrier for the conflict, a move that alienated liberal supporters and activists who protested U.S. involvement. 1968 Presidential Campaign Humphrey became the Democratic Partys accidental presidential nominee in 1968 when Johnson announced he would not seek re-election and another presumptive front-runner for the nomination, Robert Kennedy, was assassinated after winning the California primary in June of that year. Humphrey defeated two war opponents—U.S. Senators Eugene McCarthy of Minnesota and George McGovern of South Dakota—at the tumultuous Democratic National Convention in Chicago that year and chose U.S. Senator Edmund Muskie of Maine as his running-mate. Humphreys campaign against Republican presidential nominee Richard M. Nixon was underfunded and disorganized, however, because of the candidates late start. (Most White House aspirants begin building an organization at least two years before Election Day.) Humphreys campaign really suffered, though, because of his support for the Vietnam War when Americans, particularly liberal voters, were growing skeptical of the conflict. The Democratic nominee reversed course before election day, calling a halt to bombing in September of the election year after facing accusations of baby-killer on the campaign trail. Nonetheless, voters viewed a Humphrey presidency as a continuation of the war, and chose instead Nixons promise of an â€Å"an honorable end to the war in Vietnam.† Nixon won the presidential election with 301 of the 538 electoral votes. Humphrey had run unsuccessfully for the Democratic Partys presidential nomination twice before, once in 1952 and once in 1960. In 1952, Illinois Governor Adlai Stevenson won the nomination. Eight years later, U.S. Senator John F. Kennedy won the nomination. Humphrey also sought the nomination in 1972, but the party chose McGovern. Later Life After losing the presidential election, Humphrey returned to private life teaching political science at Macalester College and the University of Minnesota, though his academic career was short-lived. â€Å"The pull of Washington, the need I suppose, to resurrect my career and previous reputation were too great,† he said. Humphrey won re-election to the U.S. Senate in the 1970 elections. He served until his death from cancer in January 13, 1978. When Humphrey died, his wife, Muriel Fay Buck Humphrey, filled his seat in the Senate, becoming only the 12th woman to serve in the upper chamber of Congress. Legacy Humphreys legacy is a complicated one. He is credited with setting members of Democratic Party on a path to passing the Civil Rights Act in 1964 by championing the causes of social justice for minorities in speeches and rallies over the span of nearly two decades. Humphreys colleagues nicknamed him the happy warrior because of his indefatigable optimism and spirited defense of the weakest members of society. However, he is also known for acquiescing to Johnsons will during the 1964 election, essentially compromising his own long-held convictions. Notable Quotes We have made progress. Weve made great progress in every part of this country. We’ve made great progress in the South; we’ve made it in the West, in the North, and in the East. But we must now focus the direction of that progress towards the realization of a full program of civil rights to all.â€Å"To err is human. To blame someone else is politics.†Ã‚  Ã¢â‚¬Å"The moral test of government is how that government treats those who are in the dawn of life, the children; those who are in the twilight of life, the elderly; and those who are in shadows of life, the sick, the needy, and the handicapped.† Sources â€Å"Hubert H. Humphrey, 38th Vice President (1965-1969).†Ã‚  U.S. Senate: Select Committee on Presidential Campaign Activities, Historical Office of the U.S. Senate, 12 Jan. 2017.Brenes, Michael. â€Å"The Tragedy of Hubert Humphrey.†Ã‚  The New York Times, The New York Times, 24 Mar. 2018.Nathanson, Iric. â€Å"The Final Chapter: Hubert Humphrey Returns to Public Life.†Ã‚  MinnPost, 26 May 2011.Traub, James. â€Å"The Party of Hubert Humphrey.†Ã‚  The Atlantic, Atlantic Media Company, 8 Apr. 2018.

Essay Renewable Energy - 2858 Words

What would happen to our world if our energy unexpectedly disappeared? Fossil fuels are very important to our world because they provide an overwhelming majority of our world energy. So, what happens when they run out? This research paper confronts this question with a balanced view attempting to address the issue of what sources might provide energy in the future and come to an objective conclusion. As the world enters a new century, new sources of energy such as wind, solar, and hydrogen power need to be developed to help the world keep running on all cylinders. With the development of these new energy sources, our world would become a cleaner place and the energy crisis would straighten itself out. Global Energy: Facts and Figures†¦show more content†¦These figures convert into the fact that the United States contains only 5 percent of the global population, but consumes 25 percent of the worlds energy. The amount of energy used in the United States alone poses a problem when looking at alternative energy sources. â€Å"Renewable energy sources will have to be successful and as plentiful as petroleum to provide the amount of energy needed around the world† (Mathewson, 1999, p. 279-80). Renewable Energy: Is It Necessary? Petroleum is at the heart of almost all the energy currently produced. While it is easy to transport and use, many people forget the hazards of using fossil fuels. Over the last century, many environmental problems have been caused by the production and transportation of fossil fuels. Such problems include oil spills that kill animals, pollute the ocean, and make economies crash. An example of this would be the Deepwater Horizon spill in Alaska in the early 90’s and most recently the Gulf spill. Other problems on land have caused massive environmental disasters. 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The main environmental fact... free essay sample

The main environmental factors affecting the global pharmaceutical industry can be described by the PESTEL analysis. PESTEL analysis is a framework or tool used by marketers to analyses and monitor the macro-environmental factors that have an impact on an organization. PESTLE for pharmaceutical industry would be:Political : The policies including foreign as well as domestic of government have a great effect on the industry innovation as compared to the other factors. To get the attentions of firms due to increase of economic importance, government offers special incentives which are attractive to the industry to globalization. To have a proper control over the manufacturing of medicines and drugs, the government makes stringent rules policies on manufacturing, selling and usage of drugs. Economical: The economic factors in a country have a major say in the pharmaceutical policies of a country. The global pharmaceutical industry is effecting due to interest, taxes, inflation and exchange rates which are included in the economic factors of global pharmaceutical industry. Change in the foreign currency rates makes effects on the exports and imports of drugs. High interest rates discourage investment the industry for firms and stake holders. Research and Development is a lengthy procedure which have also economically effect on the industry. Mergers and diversification allows the industry to enter in new market or develop new drugs.Social: There are many components which come under the Social side like the physical health conditions, the kind of social life live etc. Change in social life and trends mention new direction for the local and national pharmaceutical industry. In the same way age of the individuals deeply change the dimensions of the industry like the citizen of a community aged more than 60 yeas consumes more drugs than the young people. Recently, the industry gets attraction and become more popular after impact of global diseases.Technological: Technology has always played a very big role in the advancement of the pharmaceutical industries due to the current methods for development and manufacturing of drugs and open new ways of research and invention. The usage of advance technologies automatically impacts the social, economic, and environment of a country. Advance technology in pharmaceutical industries help full to accurate characterize chemical compounds, better control on new enhance scientific methods and their optimization. This helps in decrease of extra time, money and efforts and produce more accurate drugs for specific d isease, and decrease all hurdles from research to manufacturing efficiently, reliably, and rapidly. Environmental: Environment movements are real threats for Pharmaceutical industry as these movements focus on green environments and reduce chemicals and carbon which comes from pharmaceutical industries. It is not being possible to ignore these issues as they are supposed to be practiced under United Nation charter for clean and better environment. if we do focus on three principal strategies to reduce the input of chemicals compounds, carbon, and waste water in to the environment are substitution of complex chemical compounds, advance technical approach, and proper education and training of doctors, retailers and consumers.Legal: Drug safety and its usage is a key function of any government. Pricing policies and product liability laws on pharmaceutical innovation are highly affected. The innovation of pharmaceutical is also affected because of regulation. This cause delay in the market launch of new products and process through lengthy approval time. 2. Porters five forces help identify their attractiveness in the industry in terms of the five competitive forces which are:The threat of entry: Barriers to entry are the factors that need to be overcome by the new entrance if they are to compete in the industry. Many pharmaceutical companies are progressing in the market by shifting from traditional business approach to emerging new business approach. The new business technique includes contract research (drug discovery and clinical trials), contract manufacturing and co-marketing alliance.The threat of substitutes: Substitutes are products or services that offer similar benefits to industries products or services by different process. Substitute can reduce demand for a particular product as customers switch to alternatives. The simple risk of substitution puts a cap on the prices that can be charged in an industry. Generic manufacturers do not incur the high cost involved in research and development and regulatory activities such as FDA approval and clinical trials.The power of the buyers: Buyers are the organizations immediate customers, where buyers are powerful they can demand cheap prices or products improvements liable to reduce profits. When buyers can easily switch between one supplier and another they have strong negotiating position. Pharmaceutical industry has one unique feature that the buyer is different from influencer who is a doctor. The consumer has no option but to buy drug as prescribed by physician. Therefore, the bargaining power of patient is very low.The power of the supplier: Suppliers are those who supply the organizations with what they need to produce the products. Where just a few producers dominate supply, suppliers have more power over buyers. If it is expensive to move from one supplier to another the buyers become dependent and correspondingly weak.Competitive Rivalry: Due to increasing demand of high-quality drugs, low-to-moderate entry barrier to the new entrant, the presence of a number of large and small firm this market is highly competitive.3. Through this model, Porter classifies five main competitive forces that affect any market and all industries. It is these forces that determine how much competition will exist in a market and consequently the profitability and attractiveness of this market for a company. Through sound corporate strategies, a company will aim to shape these forces to its advantage to strengthen the organizations position in the industry. For the purpose of this model, industry attractiveness is the overall profitability potential of the industry. An attractive industry will be one where the combined power of the competitive forces will increase profitability potential. While an unattractive industry will be one where the collective impact of the forces will drive down profitability potential. The five competitive forces jointly determine the strength of industry competition and profitability. The strongest force (or forces) rules and should be the focal point of any industry analysis and resulting competitive strategy. Short-term factors that affect competition and profitability should be distinguished from the competitive forces that form the underlying structure of an industry. Although these short-term factors may have some tactical significance, analysis should focus on the industrys underlying characteristics. 4. The strategic choices made by Pfizer are as follows :Refocus and optimize the patent-protected portfolio.Grow in emerging markets.Invest in Complementary businesses.Instill a culture of innovation and continuous improvement.Drivers behind these choices: Many large pharmaceutical companies were facing their toughest outlook in a decade. The industry had made a tremendous contribution to human well-being, yet was vilified in the media and targeted by governments in their efforts to curb spiraling healthcare costs. RD costs had risen sharply, while the product life cycle had shortened. Product approval, pricing and promotion were subject to increasingly onerous regulation, yet free trade allowed wholesalers to extract a large chunk of value from the chain without adding anything back. Pfizer acquired Warner-Lambert, Pharmacia and Wyeth, Even Merck, which had doggedly followed an organic growth strategy, announced a merger with Schering-Plough in March 2009. The pharmaceutical market remains relatively fragmented, with very large numbers of domestic and regional players. However, it has consolidated at the global level, with the top 10 companies holding 43% of the market in 2011. The acquisition of Warner-Lambert gave Pfizer full marketing rights to Lipitor, which Pfizer then built into the worlds best-selling drug.