Holt Case Essay

The Holt Case relates to the company’s snapshot, case situation and key management issues pertaining to the Holt Renfrew which was being operated in Canada. Company Snapshot Holt Renfrew was constituted as a hat and fur shop in Quebec City in 1837. The company is recognized as one of the elite high-end retailers of Canada. Almost 10 stores were operated by the company in seven cities of Canada in which cosmetics and designer fashions were being sold such as Oscar de la Renta, Gucci, Prada, Dolce & Gabbana and Armani. These products were usually imported from Asia, Europe and the United States. The top quality was the base of Holt Renfrew brand which included private-label and branded assortments and designers that were exclusively for men and women. The Holt Renfrew was then owned by Galen Weston who is a Canadian business leader heading The Wittington Group. Case Situation During the observation of case situation, it was revealed that the staff used to spend much of the time in telephonic communication for adjusting and confirming previous orders. The stock of merchandise was quite high due to which staff remains busy on phone lines for orders tracking, delivery status, confirmation and shipment with transportation service providers and suppliers. The goods were delivered to the distribution centre by suppliers without prior intimation which used to cause inconvenience in scheduling routine tasks. Even it was not possible to determine whether right quality and quantity is being received. Warehouses were so much loaded that only in DC; inventory was stored around $40 million worth which created a hindrance in tracking the shipment in a timely manner. Even the complaint was lodged by store managers regarding overstocks of merchandises which prove the worse condition of warehouses. Key Management Issues The key management issues could be the closure of secondary warehouse and the consolidation of operational warehouse into DC. It would be useful for DC if the addition of mezzanine floor up to 20,000 square feet with a cost of $1 million could be practiced. Additionally, the warehouse problems arose due to overloaded stock. The reason behind this fact was the less sales target being accomplished and improper system involving excessive merchandises which was ordered without prior requisition or sanction and the same was too seriously complained by the store managers.

“Assess the main reasons for the Unification of Germany in 1871”

In 1862, Bismarck said that ‘the great questions of the day will be settled by blood and iron. ’ Although there is undoubtedly some degree of accuracy in this statement, the most important reason for the unification of Germany, which ended ‘the great questions of the day,’ was ‘coal and iron. ’ This is a quote from British economist John Maynard Keynes, who argued that the industrial and economic preparation before the wars, which united Germany, were more important. This is because the economic strength created by the rapid industrialisation enabled the creation of a powerful Prussia.It was under this powerful Prussia, with some skilful diplomacy and opportunism, that Germany was successfully united in the wars of German Unification. Without such economic development and prosperity, it is questionable whether Germany would have been united by 1871. On the other hand we must also consider the other factors and thus must address five key areas. T he first of these is the growing strength of Prussia in relation to Austria and closely linked to this is the economic developments within Prussia.On a much larger scale we must also take into account the strength of nationalism and the international situation of the 1860s. Lastly, we must consider whether the policies and strategies of Otto Von Bismarck, the Minister-President of Prussia from 1862 had a major impact on the Unification of Germany in 1871, nevertheless we are justified by saying that the main reason for the unification of Germany in 1871 was due to the economic prowess of Prussia in relation to other foreign nations such as Austria.â€Å"When the army has been brought into such a state as to command respect, then I shall take the first opportunity to declare war on Austria, burst asunder the German Confederation, bring the middle and smaller states into subjugation and give Germany a national union under Prussian leadership. † These views clearly voiced out th e long-term ambitions that Bismarck had for Prussia. Bismarck believed that he was able to shape the country and steer it to a position where it would lead the other German states. Bismarck’s exploits from the above statement shows that he greatly influenced the unification of Germany.He realised that a †man could not create the current of events† but â€Å"only float and steer it†, it was here that his true potential as a charismatic politician could be seen. As the brilliant opportunist he was, he completely outplayed the Austrians. Bismarck managed to cultivate a close relationship with Russia against Austria in 1863. This was made possible due to the Austrian’s error of not coming to the aid of the Russians during the Crimean War in 1852 thus an Austro- Russian alliance 10 years later would be unlikely to form as there was still great resentment between the two nations.Also it meant that Prussia would have a greater force backing them up. The fol lowing year he weakens Austria further after allying with them, as they were forced to maintain an army in the Northern region of Schleswig-Holstein. It is clear to see from this that Bismarck had a tendency to pick a quarrel with the opposition and create tension beneath the surface. If Austria did not mobilise an army there Prussia would have been free to annex this state and phenomenally increase the number of resources and territory gained.On the other hand as this ultimately enabled victory at Koniggratz to be much more achievable as fewer Austrian troops were present to defend their homeland. In 1865 he again impeded Austria from making a potential ally with France by giving them rewards in terms of land and resources. This would also ensure that France would remain neutral if Prussia declared war on Austria. His next final stroke of strategic genius can be seen with the Italian alliance in 1866. By the alliance with Italy, Bismarck contrived to divert part of the Austrian for ces to the south.This advantage with addition with that of Prussia’s modernised army discipline resulted in a Prussian victory on August 23rd 1866. Its victory enabled the North German Confederation to be formed. We can see that Bismarck held great political prowess and having considered the action he took, we are justified in saying that Bismarck’s role in the unification of Germany was a very important factor but not the main reason for Germany’s unification in 1871. Another factor which must be taken into account is the inevitability of Prussia’s rise to power and her military’s exponential growth in power.In 1815 unbeknown to Prussia, the major powers after defeating Napoleon split the French Empire and gave the Kingdom of Westphalia to Prussia thinking that it was useless bit of land however in reality they were handing over the richest material deposits in Europe. The abundant reserves as soon as they were discovered were being extracted an a larming rate transforming Prussia, currently a country short of territory and power into the most dominant and richest nation in the whole of Europe. Helmuth von Moltke based on this new found wealth gave him the means by which to modernise the army.Bismarck greatly advocated the support as he believed that â€Å"It is not by speeches and majority that the great questions of our time are decided, it is by blood and iron†. The newly reformed Prussian army revolutionised by Moltke â€Å"attained a level of military efficiency that the other European armies could only dream of† This strength was pivotal during the three was of unification as it allowed Bismarck to dictate the battle as well as the following treaties and agreements. Its highlight came however, at the Battle of Koniggratz where the Prussian army defeated Austrian forces inflicting many casualties.Indeed it was Bismarck who led the army reforms and it also shows that he delayed going to war with Austria to m ake sure victory was ascertained however without the overpowering economy which Prussia had she would never have been able to modernise the army to such an extent as well manage the costs of three wars so we are justified saying that Prussian economy was more influential to the unification of Germany than the military however we must also remember that without a strong military force Prussia would not have been able to win the wars that ensured the unification of Germany to take place.It was not only the rich mineral reserves that were economically benefitting Prussia. The creation of the zollverein in 1834 was the first step towards a united German customs union, fore fronted by Prussia. Although the smaller states greatly benefitted by being part of the Zollverein due to the abolishment of internal tariffs and they also became dependant on Prussia in maintaining the system.As well as this it may have not impacted unification as its economic benefits focused countries on the intern al benefits rather than leading them to merge into a single German state but certainly by giving Germany an identity, and a commonality with regards to businesses and the economy. It was seen as â€Å"binding together the limbs of Germany†. This concept was re-enforced with the development of railways throughout the Zollverein. This made transport and trade much easier but also brought the states together as people could easily travel across it visiting regions previously inaccessible.Compared to the impact of Bismarck however the economic advantages of Prussia play a major role in the unification of Germany in 1871. The economic advantages were enhanced as â€Å"Austria had not only had many chronic financial problems, it also lagged well behind Prussia in economic developments. It clear to see that without the economic power Prussia had in the 1850s and later, many businesses and the military would not have been able to become modernized and much stronger. It was only beca use of this newly made fighting force that Prussia was capable of inflicting the crushing defeat at Koniggratz.However it also helped Prussia to politically influence and dominate the other smaller German states as well as become a major authoritative nation within Europe. Thus it can be justified that â€Å"coal and iron† was the most important reason for the unification of Germany in 1871. Synonymous with the economic developments were the international circumstances of the 1860s which played a role in the unification of Germany. Austria’s decision to remain neutral during the Crimean War from 1853 to 1856 meant that that they lost the support of Russia in the future .Because of this no one could no longer continue to dictate over Prussia. As well as this, the Austro-Franco war of 1859 to 1860 led to the Italian Unification. This had two major impacts on the unification of Germany. The first was that it cultivated and spurred nationalism in surrounding European count ries. It even led to a pressure group being set up in Prussia the same year. More relevant to Prussia’s dominance however was the Austrian loss of Lombardy. Due to this loss of a very rich state, the Austrian government was forced to make constitutional concessions to the liberals within the country.Also the seeds of war between Prussia and Austria had been sown after Olmutz where Prussia were forced to say that the Erfurt Union will not be made and that the Diet under Austrian presidency will remain also Prussia had to firstly demobilise completely while Austria will secondly partially demobilise. This was a great humiliation for the Prussians and the resentment created by this caused the tensions between the two nations to rise. The final international factor is that of Napoleon III. In a bid to emulate his uncle he engaged himself with international politics as much as he could.Napoleon met Bismarck at Barritz where he confirmed French neutrality, in return for land reward s. This had a great impact as it meant that Prussia could advance without the threat of invasion from France. Although the Napoleon declared war on Prussia five years later in 1870 however by that time the Prussians had a strong enough army to repel these forces without much bloodshed. Bismarck calculated Napoleon’s greed and ego accurately and used this to his advantage. If this was not done there is a great likelihood that France would have declared war on Prussia and as soon as they did that Austria would have joined as well.Even though Prussia had the greatest military prowess of the three nations the sheer scale of the attack would have overwhelmed Prussia and it would lead to Austria being in such a position that unification of Germany would not have been possible. However we must also that their political position within Europe was promoted by their boosting economy and the grouping of the lesser states under Prussian authority so it is fair to say that the internation al circumstances of the 1860s came about from political and military dominance within Europe which were influenced by the booming economic situation in Prussia at the time.The final factor contributing to the unification of Germany is the strength of nationalism. This was enhanced by the 1848 revolutions and saw liberals rise up in Prussia. Their quest for a united Germany was stopped midway due to food shortages the following economic depression and the resulting lack of support. With the loss of their power base the revolutions failed horribly. We are therefore justified in saying that although support for nationalism did play a part in the unification of Germany it was not the deciding factor .In order for nationalism as an ideology to be spread as across the states a top down revolution was needed. Nationalistic individuals wanted the uniting of all German states, all German volk coming together and the Zollverein, the customs trade union was the shadow of the Germany formed in 1871and thus we are justified by saying that the economic policies of Prussia was pivotal in bring the people together under a single united state and were more important than the strength of nationalism.Overall we are justified in saying that the main reason for the unification of Germany in 1871 was the booming Prussian economy. There is a strong case arguing that the skilful diplomacy and power politics of Otto Von Bismarck led directly towards German unification. However this said Bismarck was only able to the Army Reform Bill in 1861 because the economy had provided sufficient revenue for him to do so. If Bismarck had not pumped money into reforming the army then it would not have been able to achieve such a great force which helped Prussia win the three wars of unification.Also the Zollverein plays a major role in the unification of Germany as helped all the states boost their economy under a Prussian leadership also the outline of the Zollverein is exactly the same outline Ge rmany was when all the states finally united in 1871, it was at this point that the ideology of nationalism prevailed as it managed bring all German speaking people together. With these reasons I believe that the Prussian economy was the most important factor for the unification of Germany. Assess the Main Reasons for the Unification of Germany in 1871 In 1862, Bismarck said that ‘the great questions of the day will be settled by blood and iron. ’ Although there is undoubtedly some degree of accuracy in this statement, the most important reason for the unification of Germany, which ended ‘the great questions of the day,’ was ‘coal and iron. ’ This is a quote from British economist John Maynard Keynes, who argued that the industrial and economic preparation before the wars, which united Germany, were more important. This is because the economic strength created by the rapid industrialisation enabled the creation of a powerful Prussia.It was under this powerful Prussia, with some skilful diplomacy and opportunism, that Germany was successfully united in the wars of German Unification. Without such economic development and prosperity, it is questionable whether Germany would have been united by 1871. On the other hand we must also consider the other factors and thus must address five key areas. T he first of these is the growing strength of Prussia in relation to Austria and closely linked to this is the economic developments within Prussia.On a much larger scale we must also take into account the strength of nationalism and the international situation of the 1860s. Lastly, we must consider whether the policies and strategies of Otto Von Bismarck, the Minister-President of Prussia from 1862 had a major impact on the Unification of Germany in 1871, nevertheless we are justified by saying that the main reason for the unification of Germany in 1871 was due to the economic prowess of Prussia in relation to other foreign nations such as Austria.â€Å"When the army has been brought into such a state as to command respect, then I shall take the first opportunity to declare war on Austria, burst asunder the German Confederation, bring the middle and smaller states into subjugation and give Germany a national union under Prussian leadership. † These views clearly voiced out th e long-term ambitions that Bismarck had for Prussia. Bismarck believed that he was able to shape the country and steer it to a position where it would lead the other German states. Bismarck’s exploits from the above statement shows that he greatly influenced the unification of Germany.He realised that a †man could not create the current of events† but â€Å"only float and steer it†, it was here that his true potential as a charismatic politician could be seen. As the brilliant opportunist he was, he completely outplayed the Austrians. Bismarck managed to cultivate a close relationship with Russia against Austria in 1863. This was made possible due to the Austrian’s error of not coming to the aid of the Russians during the Crimean War in 1852 thus an Austro- Russian alliance 10 years later would be unlikely to form as there was still great resentment between the two nations.Also it meant that Prussia would have a greater force backing them up. The fol lowing year he weakens Austria further after allying with them, as they were forced to maintain an army in the Northern region of Schleswig-Holstein. It is clear to see from this that Bismarck had a tendency to pick a quarrel with the opposition and create tension beneath the surface. If Austria did not mobilise an army there Prussia would have been free to annex this state and phenomenally increase the number of resources and territory gained.On the other hand as this ultimately enabled victory at Koniggratz to be much more achievable as fewer Austrian troops were present to defend their homeland. In 1865 he again impeded Austria from making a potential ally with France by giving them rewards in terms of land and resources. This would also ensure that France would remain neutral if Prussia declared war on Austria. His next final stroke of strategic genius can be seen with the Italian alliance in 1866. By the alliance with Italy, Bismarck contrived to divert part of the Austrian for ces to the south.This advantage with addition with that of Prussia’s modernised army discipline resulted in a Prussian victory on August 23rd 1866. Its victory enabled the North German Confederation to be formed. We can see that Bismarck held great political prowess and having considered the action he took, we are justified in saying that Bismarck’s role in the unification of Germany was a very important factor but not the main reason for Germany’s unification in 1871. Another factor which must be taken into account is the inevitability of Prussia’s rise to power and her military’s exponential growth in power.In 1815 unbeknown to Prussia, the major powers after defeating Napoleon split the French Empire and gave the Kingdom of Westphalia to Prussia thinking that it was useless bit of land however in reality they were handing over the richest material deposits in Europe. The abundant reserves as soon as they were discovered were being extracted an a larming rate transforming Prussia, currently a country short of territory and power into the most dominant and richest nation in the whole of Europe. Helmuth von Moltke based on this new found wealth gave him the means by which to modernise the army.Bismarck greatly advocated the support as he believed that â€Å"It is not by speeches and majority that the great questions of our time are decided, it is by blood and iron†. The newly reformed Prussian army revolutionised by Moltke â€Å"attained a level of military efficiency that the other European armies could only dream of† This strength was pivotal during the three was of unification as it allowed Bismarck to dictate the battle as well as the following treaties and agreements. Its highlight came however, at the Battle of Koniggratz where the Prussian army defeated Austrian forces inflicting many casualties.Indeed it was Bismarck who led the army reforms and it also shows that he delayed going to war with Austria to m ake sure victory was ascertained however without the overpowering economy which Prussia had she would never have been able to modernise the army to such an extent as well manage the costs of three wars so we are justified saying that Prussian economy was more influential to the unification of Germany than the military however we must also remember that without a strong military force Prussia would not have been able to win the wars that ensured the unification of Germany to take place.It was not only the rich mineral reserves that were economically benefitting Prussia. The creation of the zollverein in 1834 was the first step towards a united German customs union, fore fronted by Prussia. Although the smaller states greatly benefitted by being part of the Zollverein due to the abolishment of internal tariffs and they also became dependant on Prussia in maintaining the system.As well as this it may have not impacted unification as its economic benefits focused countries on the intern al benefits rather than leading them to merge into a single German state but certainly by giving Germany an identity, and a commonality with regards to businesses and the economy. It was seen as â€Å"binding together the limbs of Germany†. This concept was re-enforced with the development of railways throughout the Zollverein. This made transport and trade much easier but also brought the states together as people could easily travel across it visiting regions previously inaccessible.Compared to the impact of Bismarck however the economic advantages of Prussia play a major role in the unification of Germany in 1871. The economic advantages were enhanced as â€Å"Austria had not only had many chronic financial problems, it also lagged well behind Prussia in economic developments. It clear to see that without the economic power Prussia had in the 1850s and later, many businesses and the military would not have been able to become modernized and much stronger. It was only beca use of this newly made fighting force that Prussia was capable of inflicting the crushing defeat at Koniggratz.However it also helped Prussia to politically influence and dominate the other smaller German states as well as become a major authoritative nation within Europe. Thus it can be justified that â€Å"coal and iron† was the most important reason for the unification of Germany in 1871. Synonymous with the economic developments were the international circumstances of the 1860s which played a role in the unification of Germany. Austria’s decision to remain neutral during the Crimean War from 1853 to 1856 meant that that they lost the support of Russia in the future .Because of this no one could no longer continue to dictate over Prussia. As well as this, the Austro-Franco war of 1859 to 1860 led to the Italian Unification. This had two major impacts on the unification of Germany. The first was that it cultivated and spurred nationalism in surrounding European count ries. It even led to a pressure group being set up in Prussia the same year. More relevant to Prussia’s dominance however was the Austrian loss of Lombardy. Due to this loss of a very rich state, the Austrian government was forced to make constitutional concessions to the liberals within the country.Also the seeds of war between Prussia and Austria had been sown after Olmutz where Prussia were forced to say that the Erfurt Union will not be made and that the Diet under Austrian presidency will remain also Prussia had to firstly demobilise completely while Austria will secondly partially demobilise. This was a great humiliation for the Prussians and the resentment created by this caused the tensions between the two nations to rise. The final international factor is that of Napoleon III. In a bid to emulate his uncle he engaged himself with international politics as much as he could.Napoleon met Bismarck at Barritz where he confirmed French neutrality, in return for land reward s. This had a great impact as it meant that Prussia could advance without the threat of invasion from France. Although the Napoleon declared war on Prussia five years later in 1870 however by that time the Prussians had a strong enough army to repel these forces without much bloodshed. Bismarck calculated Napoleon’s greed and ego accurately and used this to his advantage. If this was not done there is a great likelihood that France would have declared war on Prussia and as soon as they did that Austria would have joined as well.Even though Prussia had the greatest military prowess of the three nations the sheer scale of the attack would have overwhelmed Prussia and it would lead to Austria being in such a position that unification of Germany would not have been possible. However we must also that their political position within Europe was promoted by their boosting economy and the grouping of the lesser states under Prussian authority so it is fair to say that the internation al circumstances of the 1860s came about from political and military dominance within Europe which were influenced by the booming economic situation in Prussia at the time.The final factor contributing to the unification of Germany is the strength of nationalism. This was enhanced by the 1848 revolutions and saw liberals rise up in Prussia. Their quest for a united Germany was stopped midway due to food shortages the following economic depression and the resulting lack of support. With the loss of their power base the revolutions failed horribly. We are therefore justified in saying that although support for nationalism did play a part in the unification of Germany it was not the deciding factor .In order for nationalism as an ideology to be spread as across the states a top down revolution was needed. Nationalistic individuals wanted the uniting of all German states, all German volk coming together and the Zollverein, the customs trade union was the shadow of the Germany formed in 1871and thus we are justified by saying that the economic policies of Prussia was pivotal in bring the people together under a single united state and were more important than the strength of nationalism.Overall we are justified in saying that the main reason for the unification of Germany in 1871 was the booming Prussian economy. There is a strong case arguing that the skilful diplomacy and power politics of Otto Von Bismarck led directly towards German unification. However this said Bismarck was only able to the Army Reform Bill in 1861 because the economy had provided sufficient revenue for him to do so. If Bismarck had not pumped money into reforming the army then it would not have been able to achieve such a great force which helped Prussia win the three wars of unification.Also the Zollverein plays a major role in the unification of Germany as helped all the states boost their economy under a Prussian leadership also the outline of the Zollverein is exactly the same outline Ge rmany was when all the states finally united in 1871, it was at this point that the ideology of nationalism prevailed as it managed bring all German speaking people together. With these reasons I believe that the Prussian economy was the most important factor for the unification of Germany.

Analsysis of John Green;s The Fault in Our stars Essay

In 2013 it is predicted that 580,350 people will die from cancer (Howlader). Chances are any given person knows at least one person, who has suffered from cancer. Talking about cancer is not something that people willingly do. If you are unlucky enough to not know someone who has had cancer, reading The Fault in Our Stars by John Green will give you the emotions of losing someone dear to you to cancer. What makes this book worth reading because of it’s plot, the characters are relatable and give the reader meaning, and the book sticks in the readers mind even after finishing the book. The plot of The Fault of Our Stars tells the story of Hazel Grace who experiences a miracle that shrinks her ever growing tumors and buys her more years that she expected. The novel is based on the twist in Hazel’s life when she meets Augustus Waters, a cancer survivor, at a Cancer Kid Support group. The story follows the friendship and romance of Hazel and Augustus. The two grow together and share experiences and love for reading making their friendship and relationship become more solidified. The romance flourishes after Hazel has a medical issue due to the tumors in her lungs and explains to Augustus that she wants to meet her, and now his, favorite author in Amsterdam. Augustus uses his wish, presumably from the â€Å"Make a Wish Foundation,† to get himself, Hazel, and Hazel’s mother to Amsterdam. This trip is the climax in the relationship of Hazel and Augustus. They share their first kiss, and lose their virginities to each other. This is also the tipping point where we realize that Augustus is dying, Brodie 2 his cancer has reoccured and it appears to be incurable. After their trip we quickly see Augustus’ health go down a downward spiral, his caner getting worse and spreading throughout his body. The author then does the unexpected and ends the romance of Hazel and Augustus by having Augustus cancer overwhelm him and eventually take his life. Green follows Hazels life after his death showing her grief and her will to live. Augustus death gave her a new perspective on life. Wanting to fight her cancer more. The plot is overall strong and well thought out. The story is possible, while unlikely that two teenagers with terminal caner would travel to Amsterdam together, but still has the realistic nature that gives most people something to relate to. Having two teenagers with cancer fall in love gives the plot not only a twist at the end, but also something that everyone in their lives look for. It has hope for the people needing hope, love for the hopeless romantics, adventure for the adventure seekers, something for everyone can be found in this book. The characters Hazel Grace, and Augustus Waters, have aspects of their personalities that everyone can relate to. The author John Green specifically designed the characters to be relatable for all ages. Green gave Hazel a strong independent personality who doesn’t like seeing herself as being weak. Green wants to make Hazel a teenager, despite her terminal cancer. Green comments, â€Å"I wanted to establish that just because Hazel is sick and dying or whatever, she is still a teenager, and more generally she is still human and developing emotionally at the standard human rate, and not at some wildly increased rate of development that’s only available to you if you have incurable cancer. † (Questions). Green creates a character that has had things in her life happen that many teenagers will never experience. However he gives her â€Å"normal teenager† aspects where she does not enjoy physical contact with her mother. Giving her a real teenage Brodie 3 attitude makes her more relatable than a mature teenager who loves her parents and has terminal cancer. While Augustus seems to be the mature teenager who beat cancer, he still has his teen angst common in adolescence. He travels with Hazel against his parents wishes, he lies to Hazel about coming out of remission, and has attitude with a flight attendant when she asks him to remove an unlit cigarette from his mouth. While many teenagers wouldn’t go against their parents wishes especially when it comes to their wellbeing, lie to the woman they love about their cancer, and smoke unlit cigarettes to get across a metaphor, Green makes it clear that Augustus was a real person. He had pain and suffering that he didn’t lead on. Green says when asked why Augustus stops hiding his pain towards the end of his life, â€Å"I am really bothered by the idea that people in pain who are being wrenched from existence should be perpetually cheerful and compassionate about it. † (Questions). His point is that some people can only bottle up their pain for so long. This is something many teenagers with depression, and even adults can relate to. Memorability of a book or any form of media is important. Having quotes that can be used in everyday life, and some that are so deep that they make you think about yourself and the marks you leave on the world. Having strong quotes such as, â€Å"I’m in love with you, and I know that love is just a shout into the void, and that oblivion is inevitable, and that we’re all doomed and that there will come a day when all our labor has been returned to dust, and I know the sun will swallow the only earth we’ll ever have, and I am in love with you. † (Green, 128). The certain quotes that stick with someone, that initiate emotions, are important in any books. The emotions that can be drawn out of the reader, mainly bringing sadness towards the end when Brodie 4 Green does the worst possible thing to his characters by ending the life of Augustus, for some people this can spark intense emotions. Many people say to â€Å"not read this book in public† (Keane) due to the fact that many people have cried. Not expecting the twist ending, finding yourself shocked at the pain the other characters are feeling create an almost physical response from some readers. The effectiveness of a good book are based on the plot, characters, and memorability. While some of these are all based on personal preference it can be agreed that The Fault in Our Stars is, according to Time, an â€Å"instant classic. † Time magazine wrote, â€Å"(I can see) The Fault in Our Stars taking its place alongside Are You There God? It’s Me, Margaret in the young-adult canon. † Writing about such an emotional topic of cancer and on top of that writing about the love and the loss of two teenagers is a strong concept to tackle and release into the public. The words on the pages jump off and overall the book is worth reading due to the intense plot line, relatable characters, and the quotable passages. Brodie 5 Works Cited Bruni, Frank. â€Å"Kids, Books and a Five-Hankie Gem. † The New York Times 22 Feb. 2012, sec. Opinion Paged: n. pag. New York Times. Web. 2 Oct. 2013. Green, John. The Fault in Our Stars. New York: Dutton Books, 2012. Print. Green, John. â€Å"Questions about The Fault in Our Stars. † John Green. N. p. , n. d. Web. 7 Oct. 2013. . Howlader N, Noone AM, Krapcho M, Garshell J, Neyman N, Altekruse SF, Kosary CL, Yu M, Ruhl J, Tatalovich Z, Cho H, Mariotto A, Lewis DR, Chen HS, Feuer EJ, Cronin KA (eds). SEER Cancer Statistics Review, 1975-2010, National Cancer Institute. Bethesda, MD, http://seer. cancer. gov/csr/1975_2010/, based on November 2012 SEER data submission, posted to the SEER web site, 2013. Keane, Shannon Rigney. â€Å"Book Notes: The Fault in Our Stars by John Green. † Girls Leadership Institute. N. p. , 7 Aug. 2012. Web. 11 Oct. 2013. . Lockhart, E. â€Å"The Fault in Our Stars: John Green, Kate Rudd: 9781455869893: Amazon. com: Books. † Amazon. N. p. , n. d. Web. 7 Oct. 2013. . Time Magazine. â€Å"Reviews for The Fault in Out Stars. † John Green. N. p. , n. d. Web. 7 Oct. 2013. .

Website review Essay Example | Topics and Well Written Essays - 750 words

Website review - Essay Example Design of the website plays integral role in making it a success/ user friendly. Hence, if the design is simple to use, easy to engage in and effective to learn from then the website will be popular among the users. Thus, the design of Shmoop is explicitly clear and given in F-pattern. According to a recent survey, viewers mostly view websites in an F-pattern style, giving their whole attention towards top and left sides of the screen and ignoring anything on the right side. Thus, Shmoop’s main bar is on the top-middle section of the webpage and grid based layouts in the left corner. Every option on the main page is prominently visible; one does not have to search for desired section to research from, but can easily see it on the main-page. The main page is also not cluttered with pictures and designs. There are images like a backdrop on it, but they do not divert the attention from the content or purpose of the webpage. The main font style throughout the website is â€Å"Ariel† however, size is differed. In headings 18 size is used and for topic description 10.5 is used. Color behind the content is white, which is good because it makes it easier to read and at extreme right and left corner are some advertisements and informative clickable images on the website. Navigation is simple and does use a hierarchal pattern of browsing so one can also view from where he started his browsing from. Once, one chooses and clicks from the subjects on the main page, the second page shows all the sub-topics of it, from there one can chose desired subject matter, which shows all the information in a grid format. The language used to describe any matter under study is simple, engaging, and often humorous but efficient. Shmoop does not take any time to load and even the images on the web load in less than a minute. The best part is the web entails everything from teenagers’ study options to career advice and test

Presidential Election 2012 Paper Essay Example | Topics and Well Written Essays - 1000 words

Presidential Election 2012 Paper - Essay Example In terms of social conservativeness, I consider myself very accommodating and adaptive to change happening in the contemporary society. My political formation was heavily influenced by my high school history teacher. He presented an objective account of the issues that America has faced since its birth, bringing the realization that we have mostly been dealing with the same issues over the years: racism, immigration, gender issues and military action among others. This has helped me analyze the positions taken by different individuals/parties over time and their consequences, providing a basis for most of my political beliefs and inclinations. A number of issues define the current political dispensation in the USA mainly revolving around employment, education, environment, foreign affairs, poverty, taxes, immigration, and healthcare. These issues affect all aspects of the American society and have been the main points of contestation that have decided most of the recent elections. Personally, I feel that the issue on healthcare could be a key deciding factor among the Republican candidates and their choice candidate’s face-off with Obama. Hence, I will focus on healthcare based on analysis of the candidates’ positions in relation to my own views. Newt Gingrich reckons that the current government’s big spending on healthcare should be done away with. Instead, Gingrich proposes a â€Å"Patient Power† plan with the aim of saving lives and cutting costs. He seeks to promote choice among Americans in their healthcare tax cuts, giving the elderly an opportunity to voluntarily choose more personal hea lthcare in the private sector and allowing states to flexibly Medicaid to promote healthcare among the poor (Newtgingrich.com 2012). Ron Paul seeks to promote freedom rather than force in promoting healthcare. He proposes the repellation of the

Managing Email Security in Organizations Research Proposal

Managing Email Security in Organizations - Research Proposal Example The information security system helps to protect the integrity, confidentiality availability and credibility of the information being received and sent via the internet (Sehun, 2008). Spywares: these are programs that monitor keystrokes and other activities being performed by the computer and send the information to others without the consent of the computer user. Spywares also play adverts on the computers and are privacy invasive software. Trojans: these programs steal information from the infected computer and send it to a third party by pretending to perform a given task. They also alter the computer and the information and other programmable devices. Malware: this is a generalized term, used to describe software that maliciously damage the computer and other programmable devices as well as spying and sending information to another person without the consent of the user. Viruses: these programs are able to replicate themselves. They integrate themselves to the existing programs and files. By doing this, they hinder the information from the user and also corrupt the information. The ISO/IEC 2700 series consist of a set of information standards which were formulated and published by International Electrotechnical Commission (IEC) and The International Organization for Standards (ISO). The following standards are commonly used; ISO/IEC 27000; which contains information about the family of standards and contains the terminologies used ISO/IEC 27001; it contains the standards for the establishment, implementation, improvement and control of information security management. The are based on British standards, BS 7799 part 2, they published ISO/IEC 27002 ISO/IEC 27005; these standards are designed to aid in the implementation of information security system. They are based on the risk management methods. ISO/IEC 27006: these acts as guides to the process of certification and registration. ISO/IEC 27011: they contain the guidelines for the security management of information for the telecommunication industry. ISO 27001 provides information about standards used for Email security systems (ISO 27001). This information is contained in the fourth chapter of the standardization report. Other standards are being prepared. (National Institute of Standards and Technology, 2005) Problem statement Network insecurity problem is experienced in most corporations and organizations and

Taha Computer Network Security Services Essay Example | Topics and Well Written Essays - 750 words

Taha Computer Network Security Services - Essay Example Taha Company will also be concerned with the collective mechanisms and processes that will be involved in safeguarding the sensitive and valuable information from publication. This will help safeguard the information and the computers of the individuals and companies from physical damage.There are measures and plans in the future to offer other computer services to the clients. These other services include offering both the software and hardware maintenance and providing computer training to the individuals and the companies who are our clients.Taha Computer Security Service Company has a competitive advantage over any other business since there is none other company that offers computer security services in the region. The owners of computers and vital information have been exposed to both physical damages and other damages caused by malfunctions and Trojans, which have led to the loss of income of the individuals and companies.The company’s mission is to be an information te chnology ally to its clients and to provide computer security and protection to its clients in a wider market. This will only be achievable by an increment in the company’s returns, which will be used in expansion to other markets to provide these services. Our support services to help in the market capture and expansion include training, offers, and network services. The company will also seek for other new opportunities to be able to be competitive enough once other businesses invade the industry.

Assignment Two Essay Example | Topics and Well Written Essays - 500 words

Assignment Two - Essay Example Christianity, the religion of Jesus Christ and his followers, is frequently described as the most tolerant of the monotheistic religions. Perhaps this is true but Christianity is not without its history of forced conversion, pogroms and religious intolerance. Although the founder of Protestantism and responsible for the historically significant schism within Christianity and the Catholic Church, Martin Luther also displayed a candid intolerance towards people who did not share his religious persuasion. Accordingly, Luther writes that the â€Å"Turks pretend, despite the Holy Scriptures, that they are the chosen people of God, descendents of Ishmael† and argues that they are slanderous, warlike and barbaric. Although his saves much disdain for the Catholic Church, the Muslims people are to be feared and their idolatry is not too be tolerated (Luther 116-117). Roger Williams, an early American settler and founder of what would later become Rhode Island, railed against the Cathol ic Church and Catholicism in general but also preached for a plurality of religious persuasions in the United States. Advocating religious tolerance and diversity in this new land he was a strong proponent of the division between church and state (Williams 117). Accordingly, there is also a strong tradition of religious tolerance in Islam, dating back to the Middle Ages and the Empire of Akbar in the 16th century. Akbar, Mughal Emperor of a vast Muslim-majority empire, represented an era of tolerance and openness to religious other than Islam and presided over a diverse population. Although a Muslim himself and presiding over a larger Muslim population, Akbar also reached out to the Hindus in his Empire and further drew inspiration from the Buddhists, Zoroastrians and other religious denominations in the empire. According to a less than laudatory biographer, Christians were also integrated into the empire and encouraged their beliefs within the dominant

Child Protection Level Essay Example | Topics and Well Written Essays - 3500 words

Child Protection Level - Essay Example Majority of the present health care professionals in Britain have level one and two training, but they lack level three training. The absence of level three training prevent the healthcare professionals from either identifying the child abuse or reporting it to the appropriate bodies and put procedures into place to stop it. Â  Lack of training and training facilities and the negligence seem to be the major reason for the mishaps in British healthcare system. Even though most of the healthcare professionals have level 1 & 2 training, at least some of the healthcare professionals have not completed the much-needed level 3 training for giving proper care to the children. Â  In the baby P case, the social workers failed to identify or report the child abuse even though they visited the family of baby P around 60 times. Moreover, they failed to identify the criminal history of the family also. In other words, these social workers have not given much emphasized to their profession; they did everything mechanically. Most of the healthcare professionals in Britain may not have the passion for this profession. They are engaged in working in the healthcare industry just for finding a livelihood rather than any social commitments. Â  The most important solution for improving the standards of child healthcare system in Britain is to make the level 3 training compulsory for all the healthcare professionals and the social workers. Most of the hospital groups in Britain at present urge only the specialized staff to go for the level three training. Plymouth Hospitals have already admitted that most of their staffs are trained in level one and two whereas only a few got the level three training.

How the Concepts of Cultural Identity and Representation Essay

How the Concepts of Cultural Identity and Representation - Essay Example Punk is a subculture movement that emerged in the 1970s and the 1980s by the appearance of punk bands such as The Sex Pistols, The Ramones and The Talking Heads. Before analyzing punk culture it is important that we define the concepts of cultural identity and representation so that we are able to use them coherently in our understanding of a brand of music that has been so often misunderstood. Cultural identity is referred to as self-definition with reference to a knowledge tradition or a set of ideas and practices that are shared or widely prevalent in a delineated population. When comparing cultural identity and collective identity, the construct of cultural identity may not conform to that of collective identity. In some instances, Kitayama and Cohen (2007) observe, both cultural and collective identity can represent the same thing; cultural can be regarded as a group when a particular knowledge tradition is completely shared in the designated group. However, even the most widely distributed culture is rarely followed completely by all members of the designated group. Even though cultural identity and collective identity may fail to equate, there is a strong line between cultural identification and collective identification. The degree of identification is associated with how much the individual relates himself to his or her identity. People who relate themselves strongly to a knowledge tradition or culture regard this cultural identity to be an integral component of their self-definition.

Objective view of world Essay Example | Topics and Well Written Essays - 1000 words

Objective view of world - Essay Example Objectivity allows a person to see the world in its true and real sense and make opinions about things or events based on facts and reality. Scientists advise that teenagers must be taught to think objectively in order to make them able to have more realistic view of the world and perceive things truly. Scientists are also trying to know that how boosting of neurons leads to subjective experience. Mathematical principles are used here in this paper in order to better understand the phenomenon of objectivity and subjectivity. Just while mapping routes of the world some generalizations have to be made no matter how accurate the description is provided simultaneously the views of reality differ for every person (McKenna 58). Many researches have been conducted to determine how human senses produce a subjective experience but yet the mystery it is not properly identified. As subjective experience is based on personal belief and perception of person, it is difficult to determine how a per son will react to a new situation. But this is possible in objectivity as this experience stands on strong footings of reality and truth. According to clinical psychologist, Dorothy Rowe the events occurring in a person’s life are not actual but the glimpses or guesswork that our brain perceives regarding the world by interpreting previous occurrences. Every individual is unique depending on the reason that no two persons experience a situation in the same light. Thoughts, images and adaptability are the factors that strengthens our sense of â€Å"self† (Rowe 18). In an article by Samuel, â€Å"How to Get an Objective Point of View†, he discussed that to have success in life it is always necessary to see the world with objectivity and hold an opinion which is based on reality. It is also important that people learn to accept what is truth and do not try to fit the truth with imagination. There is a problem with people who have their own imaginations and they thi nk everything is as good as they believe it to be. But in contrary things are not always as perfect as one considers. People who have an objective view believe that mostly perceptions are different from reality. It was also revealed in Samuel’s research that opinions of people about things and happenings in their own way sometimes lead to frustration and loss of direction. It happens when things do not happen in the way as they should occur according to their own vision. That is why it is important to see things in true context and accept the realities behind every situation. Research also discussed that looking at things with objective view is sometimes taken negative by some people as it allows seeing reality which is bitter at times. But in fact objectivism helps maintaining a balance between what is imagined and what is reality. Research concluded that if people view all the things and events happening in this world objectively, nothing will look terrible or pessimistic. Thinking that everything is normal makes a person feel good and changes experience of life by making it pleasant. In a research â€Å"The View from Nowhere†, Nagel found that each person has its own reasoning for quantifying an event and seeks different view of world. Moreover rise of science in recent years is trying to entirely alter the manner in which people perceive and recognize their position in this world. The comprehension of modern science comprise of mathematical concepts as elaborated by the discipline of physics. Nagal stated that

Foreign exchange market Essay Example for Free

Foreign exchange market Essay Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment. Monetary theory provides insight into how to craft optimal monetary policy. It is referred to as either being expansionary or contractionary, where an expansionary policy increases the total supply of money in the economy more rapidly than usual, and contractionary policy expands the money supply more slowly than usual or even shrinks it. Expansionary policy is traditionally used to try to combat unemployment in a recession by loweringinterest rates in the hope that easy credit will entice businesses into expanding. Contractionary policy is intended to slow inflation in order to avoid the resulting distortions and deterioration of asset values. Monetary policy, to a great extent, is the management of expectations. Monetary policy rests on the relationship between the rates of interest in an economy, that is, the price at which money can be borrowed, and the total supply of money. Monetary policy uses a variety of tools to control one or both of these, to influence outcomes like economic growth, inflation, exchange rates with other currencies and unemployment. Where currency is under a monopoly of issuance, or where there is a regulated system of issuing currency through banks which are tied to a central bank, the monetary authority has the ability to alter the money supply and thus influence the interest rate (to achieve policy goals). The beginning of monetary policy as such comes from the late 19th century, where it was used to maintain the gold standard. General Monetary policy is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest to attain a set of objectives oriented towards the growth and stability of the economy. Monetary theory provides insight into how to craft optimal monetary policy. Monetary policy rests on the relationship between the rates of interest in an economy, that is the price at which money can be borrowed, and the total supply of money. Monetary policy uses a variety of tools to control one or both of these, to influence outcomes like economic growth, inflation, exchange rates with other currencies and unemployment. Where currency is under a monopoly of issuance, or where there is a regulated system of issuing currency through banks which are tied to a central bank, the monetary authority has the ability to alter the money supply and thus influence the interest rate (to achieve policy goals). It is important for policymakers to make credible announcements. If private agents (consumers and firms) believe that policymakers are committed to lowering inflation, they will anticipate future prices to be lower than otherwise (how those expectations are formed is an entirely different matter; compare for instance rational expectations with adaptive expectations). If an employee expects prices to be high in the future, he or she will draw up a wage contract with a high wage to match these prices. Hence, the expectation of lower wages is reflected in wage-setting behavior between employees and employers (lower wages since prices are expected to be lower) and since wages are in fact lower there is no demand pull inflation because employees are receiving a smaller wage and there is no cost push inflation because employers are paying out less in wages. 2. What is a Central Bank? A central bank, reserve bank, or monetary authority is an institution that manages a states currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the amount of money in the nation, and usually also prints the national currency, which usually serves as the nations legal tender. Examples include the European Central Bank (ECB) and the Federal Reserve of the United States. The primary function of a central bank is to manage the nations money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. THE BANGKO SENTRAL NG PILIPINAS The Bangko Sentral ng Pilipinas (English: Central Bank of the Philippines; Spanish: Banco Central de Filipinas; commonly abbreviated as BSP in both Filipino and English), is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993. History In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after a careful study of the economic provisions of the Hare–Hawes–Cutting Act, which would grant Philippine independence after 12 years, but reserving military and naval bases for the United States and imposing tariffs and quotas on Philippine exports. However, the Hare–Hawes–Cutting Act would be rejected by the Senate of the Philippines at the urging of Manuel L. Quezon. This Senate then advocated a new bill that won President Franklin D. Roosevelts support; this would be the Tydings–McDuffie Act, which would grant Philippine independence on July 4, 1946. During the Commonwealth Period, discussions continued regarding the idea of a Philippine central bank that would promote price stability and economic growth. The countrys monetary system then was administered by the Department of Finance and the National Treasury, and the Philippine peso was on the exchange standard using the United States dollar, which was backed by 100 percent gold reserve, as the standard currency. As required by the Tydings–McDuffie Act, the National Assembly of the Philippines in 1939 passed a law establishing a central bank. As it was a monetary law, it required the approval of the President of the United States; Franklin D. Roosevelt did not give his. A second law was passed in 1944 under the Japanese-controlledSecond Republic, but the arrival of American liberation forces in 1945 aborted its implementation. Shortly after President Manuel Roxas assumed office in 1946, he instructed then-Finance Secretary Miguel Cuaderno, Sr. to draw up a charter for a central bank. The establishment of a monetary authority became imperative a year later as a result of the findings of the Joint Philippine-American Finance Commission chaired by Cuaderno. The Commission, which studied Philippine financial, monetary, and fiscal problems in 1947, recommended a shift from the dollar exchange standard to a managed currency system. A central bank was necessary to implement the proposed shift to the new system. Roxas then created the Central Bank Council to prepare the charter of a proposed monetary authority. It was submitted to Congress in February 1948. By June of the same year, the newly proclaimed President Elpidio Quirino, who succeeded President Roxas, affixed his signature on Republic Act (RA) No. 265, the Central Bank Act of 1948.On January 3, 1949, the Central Bank of the Philippines was formally inaugurated with Miguel Cuaderno, Sr. as the first governor. The main duties and responsibilities of the Central Bank were to promote economic development and maintain internal and external monetary stability. 3. What are the Types of Monetary Policy? In practice, to implement any type of monetary policy the main tool used is modifying the amount of base money in circulation. The monetary authority does this by buying or selling financial assets (usually government obligations). These open market operations change either the amount of money or its liquidity (if less liquid forms of money are bought or sold). The multiplier effect of fractional reserve banking amplifies the effects of these actions. Constant market transactions by the monetary authority modify the supply of currency and this impacts other market variables such as short term interest rates and the exchange rate. The distinction between the various types of monetary policy lies primarily with the set of instruments and target variables that are used by the monetary authority to achieve their goals. Monetary Policy: Target Market Variable: Long Term Objective: Inflation Targeting Interest rate on overnight debt A given rate of change in the CPI Price Level Targeting Interest rate on overnight debt A specific CPI number Monetary Aggregates The growth in money supply A given rate of change in the CPI Fixed Exchange Rate The spot price of the currency The spot price of the currency Gold Standard The spot price of gold Low inflation as measured by the gold price Mixed Policy Usually interest rates Usually unemployment + CPI change The different types of policy are also called monetary regimes, in parallel to exchange rate regimes. A fixed exchange rate is also an exchange rate regime; The Gold standard results in a relatively fixed regime towards the currency of other countries on the gold standard and a floating regime towards those that are not. Targeting inflation, the price level or other monetary aggregates implies floating exchange rate unless the management of the relevant foreign currencies is tracking exactly the same variables. In economics, an expansionary fiscal policy includes higher spending and tax cuts, that encourage economic growth. In turn, an expansionary monetary policy is one that seeks to increase the size of the money supply. Conversely, contractionary monetary policy seeks to reduce the size of the money supply. In most nations, monetary policy is controlled by either a central bank or a finance ministry. In most nations, monetary policy is controlled by either a central bank or a finance ministry. Neoclassical and Keynesian economics significantly differ on the effects and effectiveness of monetary policy on influencing the real economy; there is no clear consensus on how monetary policy affects real economic variables (aggregate output or income, employment). Both economic schools accept that monetary policy affects monetary variables (price levels, interest rates). Inflation targeting Under this policy approach the target is to keep inflation, under a particular definition such as Consumer Price Index, within a desired range. The inflation target is achieved through periodic adjustments to the Central Bank interest rate target. The interest rate used is generally the interbank rate at which banks lend to each other overnight for cash flow purposes. Depending on the country this particular interest rate might be called the cash rate or something similar. The interest rate target is maintained for a specific duration using open market operations. Typically the duration that the interest rate target is kept constant will vary between months and years. This interest rate target is usually reviewed on a monthly or quarterly basis by a policy committee. Changes to the interest rate target are made in response to various market indicators in an attempt to forecast economic trends and in so doing keep the market on track towards achieving the defined inflation target. For example, one simple method of inflation targeting called the Taylor rule adjusts the interest rate in response to changes in the inflation rate and the output gap. The rule was proposed  by John B. Taylor of Stanford University. The inflation targeting approach to monetary policy approach was pioneered in New Zealand. It has been used inAustralia, Brazil, Canada, Chile, Colombia, the Czech Republic, Hungary, New Zealand, Norway, Iceland, India,Philippines, Poland, Sweden, South Africa, Turkey, and the United Kingdom. Price level targeting Price level targeting is a monetary policy that is similar to inflation targeting except that CPI growth in one year over or under the long term price level target is offset in subsequent years such that a targeted price-level is reached over time, e.g. five years, giving more certainty about future price increases to consumers. Under inflation targeting what happened in the immediate past years is not taken into account or adjusted for in the current and future years. Uncertainty in price levels can create uncertainty around price and wage setting activity for firms and workers, and undermines any information that can be gained from relative prices, as it is more difficult for firms to determine if a change in the price of a good or service is because of inflation or other factors, such as an increase in the efficiency of factors of production, if inflation is high and volatile. An increase in inflation also leads to a decrease in the demand for money, as it reduces the incentive to hold money and increases transaction and shoe leather costs. Monetary aggregates In the 1980s, several countries used an approach based on a constant growth in the money supply. This approach was refined to include different classes of money and credit (M0, M1 etc.). In the USA this approach to monetary policy was discontinued with the selection of Alan Greenspan as Fed Chairman. This approach is also sometimes called monetarism. While most monetary policy focuses on a price signal of one form or another, this approach is focused on monetary quantities. As these quantities could have a role on the economy and business cycles depending on the households risk aversion level, money is sometimes explicitly added in the central banks reaction function. Fixed exchange rate This policy is based on maintaining a fixed exchange rate with a foreign currency. There are varying degrees of fixed exchange rates, which can be ranked in relation to how rigid the fixed exchange rate is with the anchor nation. Under a system of fiat fixed rates, the local government or monetary authority declares a fixed exchange rate but does not actively buy or sell currency to maintain the rate. Instead, the rate is enforced by non-convertibility measures (e.g. capital controls, import/export licenses, etc.). In this case there is a black market exchange rate where the currency trades at its market/unofficial rate. Under a system of fixed-convertibility, currency is bought and sold by the central bank or monetary authority on a daily basis to achieve the target exchange rate. This target rate may be a fixed level or a fixed band within which the exchange rate may fluctuate until the monetary authority intervenes to buy or sell as necessary to maintain the exchange rate within the band. (In this case, the fixed exchange rate with a fixed level can be seen as a special case of the fixed exchange rate with bands where the bands are set to zero.) Under a system of fixed exchange rates maintained by a currency board every unit of local currency must be backed by a unit of foreign currency (correcting for the exchange rate). This ensures that the local monetary base does not inflate without being backed by hard currency and eliminates any worries about a run on the local currency by those wishing to convert the local currency to the hard (anchor) currency. Under dollarization, foreign currency (usually the US dollar, hence the term dollarization) is used freely as the medium of exchange either exclusively or in parallel with local currency. This outcome can come about because the local population has lost all faith in the local currency, or it may also be a policy of the government (usually to rein in inflation and import credible monetary policy). These policies often abdicate monetary policy to the foreign monetary authority or government as monetary policy in the pegging nation must align with monetary policy in the anchor nation to maintain the exchange rate. The degree to which local monetary policy becomes dependent on the anchor nation depends on factors such as capital mobility, openness, credit channels and other economic factors. Gold standard The gold standard is a system under which the price of the national currency is measured in units of gold bars and is kept constant by the governments promise to buy or sell gold at a fixed price in terms of the base currency. The gold standard might be regarded as a special case of fixed exchange rate policy, or as a special type of commodity price level targeting. Today this type of monetary policy is no longer used by any country, although the gold standard was widely used across the world between the mid-19th century through 1971. Its major advantages were simplicity and transparency. The gold standard was abandoned during the Great Depression, as countries sought to reinvigorate their economies by increasing their money supply. The Bretton Woods system, which was a modified gold standard, replaced it in the aftermath of World War II. However, this system too broke down during the Nixon shock of 1971. The gold standard induces deflation, as the economy usually grows faster than the supply of gold. When an economy grows faster than its money supply, the same amount of money is used to execute a larger number of transactions. The only way to make this possible is to lower the nominal cost of each transaction, which means that prices of goods and services fall, and each unit of money increases in value. Absent precautionary measures, deflation would tend to increase the ratio of the real value of nominal debts to physical assets over time. For example, during deflation, nominal debt and the monthly nominal cost of a fixed-rate home mortgage stays the same, even while the dollar value of the house falls, and the value of the dollars required to pay the mortgage goes up. Economists generally consider such deflation to be a major disadvantage of the gold standard. Unsustainable (i.e. excessive) deflation can cause problems during recessions and crisis lengthening the amount of time an economy spends in recession. William Jennings Bryan rose to national prominence when he built his historic (though unsuccessful) 1896 presidential campaign around the argument that deflation caused by the gold standard made it harder for everyday citizens to start new businesses, expand their farms, or build new homes. 4. What are the Monetary Policy tools? Monetary policy uses three main tactical approaches to maintain monetary stability: The first tactic manages the money supply. This mainly involves buying government bonds (expanding the money supply) or selling them (contracting the money supply). In the Federal Reserve System, these are known as open market operations, because the central bank buys and sells government bonds in public markets. Most of the government bonds bought and sold through open market operations are short-term government bondsbought and sold from Federal Reserve System member banks and from large financial institutions. When the central bank disburses or collects payment for these bonds, it alters the amount of money in the economy while simultaneously affecting the price (and thereby the yield) of short-term government bonds. The change in the amount of money in the economy in turn affects interbank interest rates. The second tactic manages money demand. Demand for money, like demand for most things, is sensitive to price. For money, the price is the interest rates charged to borrowers. Setting banking-system lending or interest rates (such as the US overnight bank lending rate, the federal funds discount Rate, and the London Interbank Offer Rate, or Libor) in order to manage money demand is a major tool used by central banks. Ordinarily, a central bank conducts monetary policy by raising or lowering its interest rate target for the interbank interest rate. If the nominal interest rate is at or very near zero, the central bank cannot lower it further. Such a situation, called a liquidity trap, can occur, for example, during deflation or when inflation is very low. The third tactic involves managing risk within the banking system. Banking systems use fractional reserve banking to encourage the use of money for investment and expanding economic activity. Banks must keep banking reserves on hand to handle actual cash needs, but they can lend an amount equal to several times their actual reserves. The money lent out by banks increases the money supply, and too much money (whether lent or printed) will lead to inflation. Central banks manage systemic risks by maintaining a balance between expansionary economic activity through bank lending and control of inflation through reserve requirements. 5. What is Fiscal Policy? Fiscal policy is a type of economical intervention where the government injects its policies into an economy in order to either expand the economy’s growth or to contract it. By changing the levels of spending and taxation, a government can directly or indirectly affect the aggregate demand, which is the total amount of goods and services in an economy. One thing to remember concerning fiscal policy is that a recession is generally defined as a time period of at least two quarters of consecutive reduction in growth. It may take time to even recognize whether or not there is a recession. With fiscal policy, there will be certain levels of lag time in which conditions will deteriorate before being recognized. At the same time, fiscal policy takes time to implement due to legislative and administrative processes, and those same policies will take time to show results after implementation. Consumers can also react to these policies positively or negatively. Most consumers would have a positive reaction per say to a policy that lowers taxes, while some will have an issue with a government spending more which will increase the burden of debt on nations citizens. Nevertheless, fiscal policy is a type of intervention that can help to control the direction of an economy. Deciding if and when it should be used will certainly continue to be debated. In economics and political science, fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy. The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors. These changes can affect the following macroeconomic variables in an economy: Aggregate demand and the level of economic activity; The distribution of income; The pattern of resource allocation within the sector and relative to the private sector. Fiscal policy refers to the use of the government budget to influence economic activity. 6. What are the Types of Fiscal Policy? Expansionary Fiscal Policy When an economy is in a recession, expansionary fiscal policy is in order. Typically this type of fiscal policy results in increased government spending and/or lower taxes. A recession results in a recessionary gap – meaning that aggregate demand (ie, GDP) is at a level lower than it would be in a full employment situation. In order to close this gap, a government will typically increase their spending which will directly increase the aggregate demand curve (since government spending creates demand for goods and services). At the same time, the government may choose to cut taxes, which will indirectly affect the aggregate demand curve by allowing for consumers to have more money at their disposal to consume and invest. The actions of this expansionary fiscal policy would result in a shift of the aggregate demand curve to the right, which would result closing the recessionary gap and helping an economy grow. Contractionary Fiscal Policy Contractionary fiscal policy is essentially the opposite of expansionary fiscal policy. When an economy is in a state where growth is at a rate that is getting out of control (causing inflation and asset bubbles), contractionary fiscal policy can be used to rein it in to a more sustainable level. If an economy is growing too fast or for example, if unemployment is too low, an inflationary gap will form. In order to eliminate this inflationary gap a government may reduce government spending and increase taxes. A decrease in spending by the government will directly decrease aggregate demand curve by reducing government demand for goods and services. Increases in tax levels will also slow growth, as consumers will have less money to consume and invest, thereby indirectly reducing the aggregate demand curve. Considerations Economic fluctuations independent of policy actions by government often affect the level of tax revenues, forcing elected officials to alter fiscal policy. For example, economic recessions reduce output and employment, resulting in reduced revenue for government coffers. This often forces policy makers to consider contractionary measures, such as increasing revenues by raising taxes or cutting government spending. 7. What are the Components/Instruments of Fiscal Policy? Taxation Taxation is one of the two primary instruments of fiscal policy. When the government increases or decreases taxes, it increases or decreases the amount of money consumers have to spend which can have a significant impact on the direction of the overall economy. A decrease in taxation tends to put more money into the hands of consumers, which can lead to increased spending. Increased spending tends to lead to higher revenues for businesses, which can allow them to expand and hire more workers. Cutting taxes is a common fiscal policy measure to encourage economic growth. Government Spending Government spending is the other main instrument of fiscal policy. The expenditures of the government can promote economic activity and create jobs. For example, if the government funds a project to build a high-speed train across the country, the funds that go into the project could go toward hiring workers which could reduce unemployment and inject money into the economy. Higher levels of government spending tend to promote employment and economic growth. Considerations The government uses fiscal policy to promote economic growth, low unemployment and to stabilize the economy. During period of low economic growth, the government tends to cut taxes and may increase spending in an attempt to spark growth. During periods of high economic growth, the government may increase taxes and cut spending to ensure that the economy doesnt grow too quickly which can result in undesirable effects like high inflation. 8. What are the Stances of Fiscal Policy? The three main stances of fiscal policy are: Neutral fiscal policy is usually undertaken when an economy is in equilibrium. Government spending is fully funded by tax revenue and overall the budget outcome has a neutral effect on the level of economic activity. Expansionary fiscal policy involves government spending exceeding tax revenue, and is usually undertaken during recessions. Contractionary fiscal policy occurs when government spending is lower than tax revenue, and is usually undertaken to pay down government debt. However, these definitions can be misleading because, even with no changes in spending or tax laws at all, cyclic fluctuations of the economy cause cyclic fluctuations of tax revenues and of some types of government spending, altering the deficit situation; these are not considered to be policy changes. Therefore, for purposes of the above definitions, government spending and tax revenue are normally replaced by cyclically adjusted government spending and cyclically adjusted tax revenue. Thus, for example, a government budget that is balanced over the course of the business cycle is considered to represent a neutral fiscal policy stance. 1. Methods of funding Governments spend money on a wide variety of things, from the military and police to services like education and healthcare, as well as transfer payments such as welfare benefits. This expenditure can be funded in a number of different ways: Taxation Seignior age, the benefit from printing money Borrowing money from the population or from abroad Consumption of fiscal reserves Sale of fixed assets (e.g., land) 2. Borrowing A fiscal deficit is often funded by issuing bonds, like treasury bills or consols and gilt-edged securities. These pay interest, either for a fixed period or indefinitely. If the interest and capital requirements are too large, a nation may default on its debts, usually to foreign creditors. Public debt or borrowing refers to the government borrowing from the public. 3. Consuming prior surpluses A fiscal surplus is often saved for future use, and may be invested in either local currency or any financial instrument that may be traded later once resources are needed; notice, additional debt is not needed. For this to happen, the marginal propensity to save needs to be strictly positive. Economic effects of fiscal policy Governments use fiscal policy to influence the level of aggregate demand in the economy, in an effort to achieve economic objectives of price stability, full employment, and economic growth. Keynesian economics suggests that increasing government spending and decreasing tax rates are the best ways to stimulate aggregate demand, and decreasing spending increasing taxes after the economic boom begins. Keynesians argue this method be used in times of recession or low economic activity as an essential tool for building the framework for strong economic growth and working towards full employment. In theory, the resulting deficits would be paid for by an expanded economy during the boom that would follow; this was the reasoning behind the New Deal. Governments can use a budget surplus to do two things: to slow the pace of strong economic growth, and to stabilize prices when inflation is too high. Keynesian theory posits that removing spending from the economy will reduce levels of aggregate demand and contract the economy, thus stabilizing prices. But economists still debate the effectiveness of fiscal stimulus. The argument mostly centers on crowding out: whether government borrowing leads to higher interest rates that may offset the simulative impact of spending. When the government runs a budget deficit, funds will need to come from public borrowing (the issue of government bonds), overseas borrowing, or monetizing the debt. When governments fund a deficit with the issuing of government bonds, interest rates can increase across the market, because government borrowing creates higher demand for credit in the financial markets. This causes a lower aggregate demand for goods and services, contrary to the objective of a fiscal stimulus. Neoclassical economists generally emphasize crowding out while Keynesians argue that fiscal policy can still be effective especially in a liquidity trap where, they argue, crowding out is minimal. 9. What are the Functions of Fiscal Policy? Allocation The first major function of fiscal policy is to determine exactly how funds will be allocated. This is closely related to the issues of taxation and spending, because the allocation of funds depends upon the collection of taxes and the government using that revenue for specific purposes. The national budget determines how funds are allocated. This means that a specific amount of funds is set aside for purposes specifically laid out by the government. This has a direct economic impact on the country. Distribution Whereas allocation determines how much will be set aside and for what purpose, the distribution function of fiscal policy is to determine more specifically how those funds will be distributed throughout each segment of the economy. For instance, the government might allocate $1 billion toward social welfare programs, but $100 million could be distributed to food stamp programs, while another $250 million is distributed among low-cost housing authority agencies. Distribution provides the specific explanation of what allocation was intended for in the first place. Stabilization Stabilization is another important function of fiscal policy in that the purpose of budgeting is to provide stable economic growth. Without some restraints on spending, the economic growth of the nation could become unstable, resulting in periods of unrestrained growth and contraction. While many might frown upon governmental restraint of growth, the stock market crash of 1929 made it clear that unfettered growth could have serious consequences. The cyclical nature of the market means that unrestrained growth cannot continue for an indefinite period. When growth periods end, they are followed by contraction in the form of recessions or prolonged recessions known as depressions. Fiscal policy is designed to anticipate and mitigate the effects of such economic lulls. Development The fourth major function of fiscal policy is that of development. Development seems to indicate economic growth, and that is, in fact, its overall purpose. However, fiscal policy is far more complicated than determining how much the government will tax citizens one year and then determining how that money will be spent. True economic growth occurs when various projects are financed and carried out using borrowed funds. This stems from the the belief that the private sector cannot grow the economy by itself. Instead, some government input and influence are needed. Borrowing funds for this economic growth is one way in which the government brings about development. This economic model developed by John Maynard Keynes has been adopted in various forms since the World War II era. 10. What is the Fiscal Policy in the Philippines? Fiscal policy refers to the measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals. In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there have been improvements in the last few years. The Philippine government’s main sources of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and debt, the Philippines rely on both domestic and external sources. Fiscal policy during the Marcos administration was primarily focused on indirect tax collection and on government spending on economic services and infrastructure development. The administration inherited a large fiscal deficit from the previous administration, but managed to reduce fiscal imbalance and improve tax collection through the introduction of the 1986 Tax Reform Program and the value added tax. The Ramos experienced budget surpluses due to substantial gains from the massive sale of government assets and strong foreign investment in its early years. However, the implementation of the 1997 Comprehensive Tax Reform Program and the onset of the Asian financial crisis resulted to a deteriorating fiscal position in the succeeding years and administrations. The Estrada administration faced a large fiscal deficit due to the decrease in tax effort and the repayment of the Ramos administration’s debt to contractors and suppliers. During the Arroyo administration, the Expanded Value Added Tax Law was enacted, national debt-to-GDP ratio peaked, and under spending on public infrastructure and other capital expenditures was observed. History of Philippine Fiscal Policy Marcos Administration (1981-1985) The tax system under the Marcos administration was generally regressive as it was heavily dependent on indirect. Indirect taxes and international trade taxes accounted for about 35% of total tax revenue, while direct taxes only accounted for 25%. Government expenditure for economic services peaked during this period, focusing mainly on infrastructure development, with about 33% of the budget spent on capital outlays. In response to the higher global interest rates and to the depreciation of the peso, the government became increasingly reliant on domestic financing to finance fiscal deficit. The government also started liberalizing tariff policy during this period by enacting the initial Tariff Reform Program, which narrowed the tariff structure from a range of 100%-0% to 50%-10%, and the Import Liberalization Program, which aimed at reducing or eliminating tariffs and realigning indirect taxes. Aquino Administration (1986-1992) Faced with problems inherited from the previous administration, the most important of which being the large fiscal deficit heightened by the low tax effort due to a weak tax system, Aquino enacted the 1986 Tax Reform Program (TRP). The aim of the TRP was to â€Å"simplify the tax system, make revenues more responsive to economic activity, promote horizontal equity and promote growth by correcting existing taxes that impaired business incentives†. One of the major reforms enacted under the program was the introduction of the Value Added Tax (VAT), which was set at 10%. The 1986 tax reform program resulted in reduced fiscal imbalance and higher tax effort in the succeeding years, peaking in 1997, before the enactment of the 1997 Comprehensive Tax Reform Program (CTRP). The share of non-tax revenues during this period soared due to the sale of sequestered assets of President Marcos and his cronies (totalling to about â‚ ±20 billion), the initial efforts to deregulate the oil i ndustry and thrust towards the privatization of state enterprises. Public debt servicing and interest payments as a percent of the budget peaked during this period as government focused on making up for the debt incurred by the Marcos administration. Another important reform enacted during the Aquino administration was the passage of the 1991 Local Government Code which enabled fiscal decentralization. This increased the taxing and spending powers to local governments in effect increasing local government resources. Ramos Administration (1993-1998) The Ramos administration had budget surpluses for four of its six years in power. The government benefited from the massive sale of government assets (totalling to about â‚ ±70 billion, the biggest among the administrations) and continued to benefit from the 1986 TRP. The administration invested heavily on the power sector as the country was beset by power outages. The government utilized its emergency powers to fast-track the construction of power projects and established contracts with independent power plants. This period also experienced a real estate boom and strong foreign direct investment to the country during the early years of the administration, in effect overvaluing the peso. However, with the onset of the Asian financial crisis, the peso depreciated by almost 40%. The Ramos administration relied heavily on external borrowing to finance its fiscal deficit but quickly switched to domestic dependence on the onset of the Asian financial crisis. The administration has been accused of resorting to â€Å"budget trickery† during the crisis: balancing assets through the sales of assets, building up accounts payable and delaying payment of government premium to social security holders. In 1997, the Comprehensive Tax Reform Program (CTRP) was enacted. Republic Act (RA) 8184 and RA 8240, which were implemented under the program, were estimated to yield additional taxes of around â‚ ±7.4 billion; however, a decline in tax effort during the succeeding periods was observed after the CTRP was implemented. This was attributed to the unfavorable economic climate created by the Asian fiscal crisis and the poor implementation of the provisions of the reform. A sharp decrease in international trade tax contribution to GDP was also observed as a consequence of the trade liberalization and globalization efforts in the 1990s, more prominently, the establishment of the ASEAN Free Trade Agreement (AFTA) and membership to the World Trade Organization (WTO) and t he Asia-Pacific Economic Cooperation (APEC). The Ramos administration also provided additional incentives to export-oriented firms, the most prominent among these being RA 7227 which was instrumental to the success of the Subic Bay Freeport Zone. Estrada Administration (1999-2000) President Estrada, who assumed office at the height of the Asian financial crisis, faced a large fiscal deficit, which was mainly attributed to the sharp deterioration in the tax effort (as a result of the 1997 CTRP: increased tax incentives, narrowing of VAT base and lowering of tariff walls) and higher interest payments given the sharp depreciation of the peso during the crisis. The administration also had to pay P60 billion worth of accounts payables left unpaid by the Ramos administration to contractors and suppliers. Public spending focused on social services, with spending on basic education reaching its peak. To finance the fiscal deficit, Estrada created a balance between domestic and foreign borrowing. Arroyo Administration (2002-2009) The Arroyo administration’s poor fiscal position was attributed to weakening tax effort (still resulting from the 1997 CTRP) and rising debt servicing costs (due to peso depreciation). Large fiscal deficits and heavy losses for monitored government corporations were observed during this period. National debt-to-GDP ratio reached an all-time high during the Arroyo administration, averaging at 69.2%. Investment in public infrastructure (at only 1.9% of GDP), expenditure for economic services, health spending and education spending all hit an historic-low during the Arroyo administration. The government responded to its poor fiscal position by under-spending in public infrastructure and social overhead capital (education and health care), thus sacrificing the economy’s long-term growth. In 2005, RA 9337 was enacted, the most significant amendments of which were the removal of electricity and petroleum VAT exemptions and the increase in the VAT rate from 10% to 12%.

Implications of Internet Monitoring on Employees

Implications of Internet Monitoring on Employees By Panuganti Shiv Devara What are the legal and moral implications of internet monitoring on employees? Computers at workplace, are used by employees for their official work, companies often apply employee monitoring software that lets them track everything workers do on their systems. This is termed as internet monitoring of employees. Employee monitoring is most useful to the managers for the fact that job performance is value-added. The benefits of employee monitoring are, looking after errors, the employer can also help the organization cut on expensive inaccuracies and helps the employer mend through supervision. The employer can easily identify policy violators for disciplinary action. Employers engage in employee monitoring to track performance, avoid legal liability, protect trade secrets, and address other security concerns. This practice may some-time influence on employee satisfaction due to its impact on privacy (Ball, Daniel and Stride, 2012). As present-day businesses rely more and more on their websites, internet monitoring software guarantees a nearly uninterrupted runn ing of a companys web presence. Internet facility to the employees is an essential requirement of any employer. The provision of internet facility will enhance the work efficiency of the employees in many ways, and several benefits to the employer. The old-fashioned norms of employment law not only permit electronic monitoring but assumes the legality of its practice as one way of guiding workplace communication and online services (Eivazi, 2011). Employers control is a key feature of the employment contract where it creates employers with the power to control, monitor, and direct the work of employees at workplace. Sometimes, the pressure resulting from workplace monitoring can lead to misleading performance results. The essay is structured to delineate advantages of implementing internet monitoring on employees in workplaces, implications on productivity of organizations, and available acceptable suggestions. A study of the impact of the internet on productivity can be useful for managers by making them aware of the negative effects on productivity and problematic employee behavior (Gumbus and Grodzinsky, 2005). The employee-monitoring-software allows the employer to track everything employees do on their computers. Many workplaces rely heavily on e-mail use and internet access as chief tools of their business. The internet access allows data to be collected, stored, retrieved, and processed at remarkable speed, for businesses. Employers resort to electronic monitoring to protect their business interests and to minimize or prevent exposure to the potential risk of legal liability arising from the misuse of online services at work by employees (Cornelius and Cancer, 2014). Invasion of privacy is one of the important issues in implementing the internet monitoring on employees in business organizations (Carly, 2013) and in educational institutions (Verton, 2004). Employers have a legal right to monitor productivity of workers while workers have the right to be told how they are watched. Video surveillance is a common method used by employers to maintain employee workstations. Strategically placed video cameras can record and archive the computer usage. Video cameras are legal in the work place without notice, except for offensive locations such as locker rooms and bathrooms. While online services such as e-mail and internet access are being used as an efficient tool of communication at work to help business growth, employers cannot overlook its negative legal effects for their businesses. Employees misuse of these services can expose employers, or even themselves, to a new dimension of potential legal liability. Sophisticated monitoring and blocking tool s (filters) will continue to be used by organizations to solve productivity issues due to internet misuse (Wen and Lin, 1998). As outlined above, many of these themes map to national and international privacy frameworks and principles, which may provide additional guidance to employers as to balancing employer versus employee rights and responsibilities. There are certain suggestions for problem-free implementation of internet monitoring of employees. Tools such as InterGuard (http://www.interguardsoftware.com/news_articles.html, NetVizor (http://www.netvizor.net), SurveilStar (http://www.surveilstar.com) and RealtimeSpay (http://www. Realtime-spy.com) have been applied as internal threat solutions that contain different modules such as employee monitoring, web filtering, data loss prevention and laptop anti-theft recovery (http://www.interguardsoftware.com/news_articles.html). By recording the computer (PC/Mac) activity (file tracking, e-mails, social media activity, keystrokes, in stant messages, web activity and screenshots), these tools help protecting the internal threats and keep the contents compliance and maximize employee productivity. Internet monitoring software also provides nursing of every aspect concerning management solution. Further these tools offer bandwidth and IT traffic monitor which indicates which computer is responsible for most bandwidth consumption in the network. Thus, electronic monitoring has become the community norm and a permanent tool of our modern offices (Myria, Kasey, Stephanie and Joy, 2007; Eivazi, 2011). Hence, frame work, involving a specific structure, developed in consultation with employee representatives, delineating the acceptable use of the internet in work places, is one of the common and direct solutions to the legal and moral problems (Gumbus and Grodzinsky, 2006). Eventually, such an internet model solution that sets basic guidelines is required to be made available to all the employees in work place. Employees may also use this model for reasonable private purposes which are consistent with the acceptable use policy. It may be concluded that Internet monitoring plays a pivotal role in monitoring of the assigned duties of the employees in any business organization. This way of surveillance using modern IT tools such as e-mail communications through internet aids to the growth of companies. Although the advantages and disadvantages of employee monitoring seem to balance out, the disadvantages can easily be smoothed out through the right balance of technology and personal engagement. Therefore, the workplace privacy and employee monitoring can go hand in hand such that the employees do not feel pressured but motivated to achieve their outright best. The aspect of employee monitoring involves different areas of the law, from labor to constitutional. While introducing and adopting such procedures and techniques, certain legal and moral issues such as that need to be faced and solved by the business information system analysts and administrators, are discussed. To prevent or minimize the broad range of risk, coupled with the concealed nature of activities online, employers should take reasonable steps to ensure that workplace online services are not being misused. Taking into consideration the benefits of internet monitoring services upon which our modern workplaces are becoming increasingly dependent for their businesses, such trends need to be continued. The education of employees, as well as employers, with respect to their awareness and better understanding of the risks associated with Internet misuse at work. By considering the present-day advancements in IT, some strategic remedial measures and mitigation options like powerful software programs are highlighted. With the advent of recent cutting-edge technological and modeling tools, it is hoped that more and more fast monitoring / diagnosis techniques and cost-effective solutions to minimize the problems that are being encountered by the business establishments come into the practice, leading to substantial growth in the bu siness organization profiles. REFERENCES Ball, K., Daniel, E. M. and Stride, C. (2012). Dimensions of employee privacy: an empirical study. Information Technology and People, Vol. 25, Iss:4, pp. 376-394, http://dx.doi.org / 10.1108/09593841211278785 Carly L. H. (2013). The insider threat and employee privacy: An overview of recent case law. Computer Law Security Review, Vol. 29, pp. 368-381, www.sciencedirect.com, http://dx.doi.org/ 10.1016 / jclsv.2013.05.014 Cornelius J. K. and Cancer de la Guardia, M. E. (2014). Exploring the positive side of personal internet use at work: Does it help in managing the border between work and non-work, Computers in Human Behavior, Vol. 30, pp. 355-360,http://dx.doi.org.ez.library.latrobe.edu.au /10.1016/ j.chb.2013.09.021 Eivazi, K. (2011). Computer use monitoring and privacy at work, Computer Law and Security Review, Vol. 27, pp. 516-523, www.elsevier.com/locate/clsr Gumbus, A. and Grodzinsky F. (2006). Ethical and managerial implications of internet monitoring, WCOB Faculty Publications. Paper 129, pp. 119-124, http://digitalcommons.sacredheart.edu/wcob_fac/129 Myria, W.A., Kasey L. W., Stephanie J. C. and Joy L. H. (2007). Workplace Surveillance and Managing Privacy Boundaries, Management Communication Quarterly, Vol. 21, No. 2, http://mcq.sagepub.com hosted at http://online.sagepub.com Verton, D. (2004). Email glitch exposes flaw in privacy law, Computerworld, Vol. 38, No. 28, pp. 1, https://doi.org/10.1108/09593841211278785 Wen, H.J. and Lin, B. (1998). Internet and employee Productivity, Management Decision, Vol. 36, pp. 6, doi:10.1108/00251749810204142