Information Systems in Healthcare Research Paper

Data Systems in Healthcare - Research Paper Example Regarding the specific situation, Kingston Hospital has been considered for this investigation to assess the procedure of medicinal services units corresponding to serving their patients. Additionally, the examination likewise expects to depict the innovation related capacities, points of interest and burdens. The investigation will likewise offer certain answers for improve the expressed capacities or procedures productively so as to ably serve the patients. Depict and Analyze the Chosen Healthcare Facility Kingston Hospital is among one of the social insurance units of London which is situated in Kingston, New York. It was set up on November 27, 1894 and had a two celebrated wooden foundation. Kingston Hospital at first served 56 and step by step extended with new staffs, patients and advancements after some time (Kingston Hospital, 2010). The emergency clinic was at first known by the name of ‘City of Kingston Hospital’ which was later changed to Kingston Hospital. Th e medical clinic had the ability to serve 150 patients. Despite the fact that, the medical clinic experienced a wide scope of improvements as far as their procedures and capacities, the central vision of the author to serve the patients just as the networks with legitimate and propelled human services offices was as yet kept up by the emergency clinic authorities and the staffs (Kingston Hospital, 2010). ... ls and types of gear of activity alongside activity unit, indicative unit and its applicable framework and machines, for example, PC frameworks so as to keep up the records of their exhibitions and relative data. Be that as it may, the way toward putting away data was known to be done physically beforehand which not just expanded the odds of making mistakes while recording data yet additionally connected with a lot of time. Be that as it may, the emergency clinic embraced new innovations and administrations by and by for serving their patients and the networks with legitimate medicines. New advances were additionally presented for the explanation of taking into account the cutting edge requests and staying up with the improvements of the worldwide market also (Kingston Hospital, 2010). Depict Users of the Health Information at this Facility Kinston Hospital draws in specific specialists and doctors including Ophthalmologist, Gastroenterologist, Neurologist, Medical Oncologist, Infect ious Disease Specialist, Family Medicine Doctor, Orthopedic Surgeon, Internist Infectious Disease Specialist, Geriatrician, Dermatologist, Thoracic and Cardiac Surgeon, Pediatrician, Diagnostic Radiologist and Surgeon for the explanation of serving the network and the patients (U.S. News and World Report, 2012). Besides, the board individuals from the emergency clinic contain Thomas Collins, who is known to be the Chairman, Ronald Myers, fills in as the bad habit director and Joanne Frederberg holds the situation of treasurer in the medical clinic. Furthermore, Ex-Officio Members of the medical clinic involved Mark Josefski, Joseph Christiana, Margo McGilvrey and Robert Seidman. Aside from these referenced names different individuals who are accepted to assume a functioning job in working the medical clinic are Emeritus, Robert Hansut, Lew Kirschner, Donald Louie, Donna

Election 2000 Essay Example For Students

Political decision 2000 Essay Like clockwork there is a presidential political decision. The races are imperative to most Americans since it can change the future for some ages. There are numerous who run for this significant position, the individuals who run get into to gatherings of the individuals who will get to work with them. There are outsiders, and some surprising gatherings, however it normally is limited to Democratic and Republican. This year the two up-and-comers are: George W. Shrub for Republican and Al Gore for the Democratic Party. I have just turned eighteen and I am ready to cast a ballot yet I decided to hold up a couple until I believe I am full grown enough to cast a ballot. If I somehow happened to cast a ballot, I would most likely decide in favor of Al Gore. I feel that he is qualified and ought to be president since he is the VP for Bill Clinton who is as of now president. I concur with the greater part of his issues concerning Drugs, Education and Juvenile wrongdoing, Gun Control, Civil and Gay Rights. We will compose a custom paper on Election 2000 explicitly for you for just $16.38 $13.9/page Request now The Clinton-Gore group has just begun with spending more cash on tending to the issues of medications, for publicizing and training and the medication use has as far as anyone knows gone down, this likewise addresses, Gore would have the option to get back on track. Blood likewise has plans for medicate medicines for each someone who is addicted who needs one. Carnage additionally needs greater inclusion structure the networks, which I accept would have any kind of effect. Compulsory week by week tranquilize testing for state detainees and parolees, this can guarantee that the convicts are staying drug free which can help tidy up networks. Carnage accepts that after-school programs cut down on tranquilize use. I concur with this, since I am in school and that can enable a few children to keep occupied, and off the avenues. I think this additionally would imply that he would not cut any projects yet help advance the schools, and the people in the future. A significant issue that I completely concur with is a tax reduction for school graduates. I am going to attend a university and right now have a sibling in school. Violence has plans for making the sparing and obtaining procedure of school simpler, tax reductions, understudy credits, awards, and a National Tuition Savings program to send school hopefuls to school. Violence has numerous designs to help improve schools as a rule and make them more secure. Blood needs intends to recruit more educators, improve homerooms, and help bombing schools, test instructors, he concurs with the association for vouchers, pay, and class sizes. As an understudy, I concur that t there are absence of educators and homerooms. This can prompt bombing schools and it might be too difficult to even think about turning them around and improve them. I likewise feel that instructors ought to get more compensation since they are preparing the eventual fate of America, they assist kids with traversing life and set them up to go out and do great. I surely figure they ought to be paid more as a result of all the tutoring they experience just to educate. I figure they should paid the same amount of as the expert competitors, specialists, and legal counselors. Blood needs to change the instructive framework inside four years, which I believe is a decent objective. Violence additionally has a five point intend to have secondary school leave tests, which I believe are significant in light of the fact that a few people pull off graduating and not realize how to peruse or manage ordinary issues. The emphasis ought to be on character, order and wellbeing. A portion of the issues with this are to begin by making optional schools for adolescents who carry weapons to class. I feel that firearm control is significant and that everything can be worked out to profit everybody. The emphasis ought to be on firearm wellbeing, and not on trackers and athletes, who definitely realize how to deal with weapons. Property holders and athletes ought not need to endure and ought not be confined. I feel that the weapons ought to be kept out of wrong hands. Violence additionally anticipates having obligatory individual verifications and youngster security locks. He likewise passed the hardest weapon control for the following thirty years. He needs anticipates a state-run photograph firearm authorizing. I feel that firearm control is an unstable subject for a few

Understanding Social Cognitive Theory for Phobias

Understanding Social Cognitive Theory for Phobias Phobias Causes Print Understanding Social Cognitive Theory for Phobias By Lisa Fritscher Lisa Fritscher is a freelance writer and editor with a deep interest in phobias and other mental health topics. Learn about our editorial policy Lisa Fritscher Updated on November 05, 2018 Kevin Dodge/Blend Images/Getty Images More in Phobias Causes Symptoms and Diagnosis Treatment Types Social cognitive theory is a subcategory of cognitive theory that focuses on the effects that others have on our behavior. It is a form of learning theory  but differs from other learning theories such as behaviorism in several important ways. Tenets of Social Cognitive Theory Expert opinions differ on exactly what separates social cognitive theory from the more general social learning theory. In general, however, these principles can be used to define social cognitive theory. People learn by observing others â€" a process known as vicarious learning â€" not only through their own direct experiences.Although learning can modify behavior, people do not always apply what they have learned. Individual choice is based on perceived or actual consequences of behavior.People are more likely to follow the behaviors modeled by someone with whom they can identify. The more perceived commonalities and/or emotional attachments between the observer and the model, the more likely the observer will learn from the model.The degree of self-efficacy that a learner possesses directly affects their ability to learn. Self-efficacy is a fundamental belief in one’s ability to achieve a goal. If you believe that you can learn new behaviors, you will be much more successful in doing so. In Daily Life Social cognitive theory is frequently used in advertising. Commercials are carefully targeted toward particular demographic groups. Notice how different the commercials shown during Saturday morning cartoons are from those shown during the evening news or a late-night movie. Each element of a commercial, from the actors to the background music, is chosen to help the targeted demographic identify with the product. And who hasnt, at one time or another, realized the power of peer pressure? We all want to belong, and so we tend to change our behaviors to fit in with whatever group we most strongly identify with. Although we often think of peer pressure as solely a teen phenomenon, how many of us drive a particular car or live in a specific neighborhood  simply because it is expected of someone in our social class or peer group? How People Develop Phobias Social cognitive theory may explain why some people develop phobias. Many phobias stem from early childhood  when our parents were our greatest influences and role models. It is not uncommon for a parent’s distaste for spiders or rats to become a full-blown phobia in her child. Watching someone else, whether a parent, friend or even a stranger, go through a negative experience such as falling down the stairs can also lead to a phobia. Social cognitive theory can also be used in the treatment of phobias. Many people with phobias genuinely want to overcome them and have a strong belief in their ability to do so. However, they get stuck when trying to unlearn the automatic fear response. If there is a good relationship of trust and rapport with the therapist, modeling the behavior can help. In this situation, the therapist calmly goes through whatever process is being asked of the individual seeking help. In some cases, just watching someone else perform the behavior without fear can be enough to break the phobic response. However, it is generally best to combine the techniques of social cognitive theory with other cognitive-behavioral therapies, such as exposure therapy. While watching others can greatly lower the level of fear, repeated practice is generally the best way to get rid of the phobia entirely.

Buddhist Meditation Essay - 965 Words

Meditation is very difficult to describe and can only truly be explained once experienced. It is the practice of mental concentration leading ultimately through a sequence of stages to the final goal of spiritual freedom, nirvana. The purpose of Buddhist meditation is to free ourselves from the delusion and thereby put an end to both ignorance and craving. The Buddhists describe the culminating trance-like state as transient; final Nirvana requires the insight of wisdom. The exercises that are meant to develop wisdom involve meditation on the true nature of reality or the conditioned and unconditioned elements that make up all phenomena. The goal of meditation is to develop a concept in the mind. lt;p align=justifygt;Learning to†¦show more content†¦It can help you become a more loving person in daily life. lt;p align=justifygt;Meditating on love creates loving feelings to beings; meditating on loving-kindness is to embrace the whole universe with love and help you become a more loving person. Meditating on compassion helps wish to free beings from suffering and doing everything you can to help them. Meditating on sympathetic joy is rejoicing in the happiness of others, developing a genuine gladness. Meditating on even-mindedness develops an even love for all beings and controlling one’s emotions, having a clear and genuine goodwill to all. It helps focus on others and detach from the world, which is key to attain Nibbana. Meditation is also important as in the mental training of our mind to reach the real goal. lt;p align=justifygt;In addition, meditation helps one understand various concepts of Buddhism. For instance, meditating on impermanence, such as decomposing bodies, helps dislodge attachment of worldly pleasures and show how everything is impermanent. The two types, â€Å"Vipassana† and â€Å"Samatha†, both teach the Buddhist how they should behave and in what state of mind. For example, Samatha teaches the Buddhist to detach from everyday concerns and concentrate on being impermanent. Vipassana teaches that everything is attached and interconnected in the world. lt;p align=justifygt;Samatha meditation is the development of mental tranquillity with concentration, and is accompanied by threeShow MoreRelatedBuddhist Meditation Practice And Buddhism1072 Words   |  5 Pages Over this past year I have been involved in a buddhist meditation practice, I have been through stages of resisting, doubting, and now more accepting this practice. The buddhist meditation practice I participated in is a controversial religion in Taiwan. Even though the religion has almost a hundred thousand followers including celebrities and business leaders, the religion itself is still being judged by others due to its beliefs. The leader himself, Miao Chan, used to be a stuntman and establishedRead MoreYoga Sutras And Early Buddhist Meditation1118 Words   |  5 Pages Both the Yoga sutras and early Buddhist meditation studies the eightfold or eight limbs practices and principles. The eightfold of the early Buddhist meditation practices includes the right view, right resolve, right speech, right action, right livelihood, right effort, right mindfulness, and right concentration. The eight limbs of Yoga sutra meditation similarly practices five restraints, five observances, postures, breath control, control of the senses, concentration, contemplation, and meditativeRead MoreMeditation Session At The Vajradhara Buddhist Center1322 Words   |  6 Pagesforward to all semester. I chose to attend an Introduction to Meditation session at the Vajradhara Buddhist Center. I chose this for my Religious Service because I have always wondered what the teachings of Buddhism are. The Vajradhara Center offers these introduction sessions every Wednesday at 7 p.m. I went to the Week 1 session on November 4th, the first Wednesday of the month. I found out about this session just by googling â€Å"Buddhist centers Charlotte, NC†. This center has many great reviews onRead MoreBuddhist Meditation Ceremonies Focus Around A Central Idea1937 Words   |  8 Pagesâ€Å"here for it†? Buddhist meditation ceremonies focus around this central idea. Living in the present and forgetting the concept of future and past is a key element in Buddhist ritualism that is practiced worldwide. For the past two weeks I have attended such a ceremony to gain insight on religious rituals and their importance as a cultural phenomenon. Through the use of â€Å"thick description†, symbolization, and several religious theories I have seemingly dissected Buddhist meditation as to realize theRead MoreEssay on Buddhist Meditation906 Words   |  4 PagesMeditation is very difficult to describe and can only truly be explained once experienced. It is the practice of mental concentration leading ultimately through a sequence of stages to the final goal of s piritual freedom, nirvana. The purpose of Buddhist meditation is to free ourselves from the delusion and thereby put an end to both ignorance and craving. The Buddhists describe the culminating trance-like state as transient; final Nirvana requires the insight of wisdom. The exercises that are meantRead MoreBuddhist Meditation Center On Buddhism1205 Words   |  5 PagesI took the opportunity to visit Karma Thegsum Choling Tibetan Buddhist Meditation Center (KTC), located at 1000 Armeda Ave, Irving, TX 75061. The meditation center had recently moved from their Dallas location to Irving. After going through the course material on Buddhism, it got me curious to learn more about the culture, experience live worship ritual, meditation, and architecture of the temple. To understand the religion and culture better, I requested a friend of mine to visit the temple alongRead MoreMindfulness Meditation - Free Health Care For You Essay2237 Words   |  9 PagesMindfulness Meditation - Free Health Care for You By Anagarika Eddie | Submitted On May 27, 2011 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Anagarika Eddie Mindfulness meditation is free. There areRead MoreThe Effects Of Mindfulness On The Mind On Present Experience2253 Words   |  10 Pagesrelational satisfaction (Lutz et al., 2008; Siegel, 2007). First, a brief historical origin of meditation and contextualizing mindfulness, following the literature reviewed to provide a foundational understanding of various types of meditation being practiced and what its documented effects have been. The second body of the literature reviewed on the neurobiology and mechanisms of change with mindfulness meditation practice. Mindfulness: Historical and Contextualizing In this section, mindfulness will beRead MoreMeditation As A State Of Mind With Predictable And Adjustable Attention979 Words   |  4 Pagespredictable and adjustable attention. Meditation is known for changing how people view the world (3). Mindfulness can come in many forms, like meditation, and is known for reducing the symptoms of mental illnesses like stress, distress, depression, and other mental health problems. Moreover, meditation is linked with mindfulness, and is known as a state of awareness alteration with the purpose of enhancing knowledge of oneself as well as reducing self-awareness (1). Meditation has been known to promote lessRead MoreMindfulness Meditation ( Mm )1528 Words   |  7 Pagesdecade scientific interest in meditation and mindfulness has bloomed like a lotus flower. There are numerous studies demonstrating various positive outcomes of mindfulness meditation (MM). But, what is mindfulness? What are the mechanisms behind MM that help facilitate these positive outcomes including improved physical health, psychological well-being, and cognition? The concept of mindfulness has its roots in Buddhist philosophy and is a key element of Buddhist meditation practices. The word mindfulness

Bilingual Italian-English Dictionary H

The letter  Ã¢â‚¬Å"H† -- the eighth letter of the Italian language -- is called â€Å"acca† but makes no sound. This silent consonant is used as the initial letter only in four forms of the verb  avere  (to have):  ho  (I have), pronounced â€Å"oh†;  hai  (you have), pronounced â€Å"aye†;  ha  (he or she has), pronounced â€Å"ah†; and hanno  (they have), pronounced â€Å"ahn-no†. In some cases, words with an H are pronounced the same way as a word without an H. For example,  hanno  (they have)  and  anno  (year)  are pronounced exactly the same. Because it is silent, some will argue about the importance of the letter H. But the fact is, the Italian â€Å"H† appears after the consonants â€Å"c† and â€Å"g† before the vowels â€Å"e† and â€Å"i† to harden their sounds. Whether or not there is an H changes not only the pronunciation but the meaning of the word as well. Ci  (with multiple meanings, including here, there and us) is pronounced â€Å"chee,† while  chi  (who) sounds like â€Å"key.† Other uses for H:   le chiese  (the churches), without an  H,  crollano  (collapse).i chioschi  (the kiosks), become so light that they  volano  (fly) through the air scattering  giornali  (newspapers) everywhere.i cherubini  (the cherubim), for whom taking away the  Acca  was like taking away their wings,  cadono  (fall) from the sky.le chiavi  (the keys) cannot  aprire le porte  (open the doors) so people must sleep outdoors.le chitarre  (the guitars) lose  tutte le corde  (all their chords) and cannot make music.il Chianti, without the  Acca, takes on  un sapore disgustoso  (disgusting taste), and  i bicchieri  (the glasses), becoming biccieri, shatter into  mille pezzi  (thousands of pieces).Not a single rooster (gallo)  can  fare chicchirichi  (go cockle-doodle-do) in the morning. Words and Expressions The unpronounced â€Å"H† makes appearances in many everyday expressions, including:   Ã‚  Ã‚  Ahi!  -- oh dear!   Ã‚  Ã‚  Ã‚  Ahimà ¨! Ohimà ¨! – alas!   Ã‚  Ã‚  Ã‚  Eh!  Ã¢â‚¬â€œ ah! well!   Ã‚  Ã‚  Ã‚  Oh!  -- oh! ah!   Ã‚  Ã‚  Ã‚  Ohibà ²!  Ã¢â‚¬â€œ for shame! Italian Words that Start with "H" Many â€Å"H† words have migrated untouched into Italian, including  harem, hamster, happening, hardware, helium,  and  homeland. Others take on Italian embellishments, as in  hollywoodiano, Then theres the Italian  asino  (donkey), who brays â€Å"hi ho!† rather than hee-haw. As mentioned above, other Italian words that start with H: Ha -- He/she has Hanno -- They have Ho -- I have Italian-English Dictionary

Research Paper on Polio Free Essays

This papers is the short sum-up on the virus Polio and how WHO and GPEI are working towards doing the universe infantile paralysis free. This besides includes on the Epidemiology and History on Polio Table of Contentss Etiology of Diseases Epidemiology History and Time period development Ecological / Evolution theoretical account or political economic system theoretical account Medical and Social Awareness to forestall disease Contribution by Medical Anthropological into development Decision Plants Cited Etiology of Diseases Polio virus began with Ancient Egyptian and so it was found among many people throughout the universe. It would be hard to state where it originated or where was it origin. We will write a custom essay sample on Research Paper on Polio or any similar topic only for you Order Now However we can state its root are merely present in 4 states by 2014 and out universe will be Polio Free universe. Cause of infantile paralysis can be different that from HIV, infantile paralysis is caused due to usage of contaminated H2O and nutrient. Besides the major spread of this disease is caused because of the contaminated stool. Peoples were before really easy on utilizing disgusting nutrient or imbibe any H2O. Besides this virus is extremely contagious and this dispersed rapidly among people to people. This virus affects the cardinal nervous system therefore doing the victim paralyzed [ 1 ] . Epidemiology Polio has cause many job through the universe. Many kids suffered from major palsy and their life became disabled. Doctors and Research workers had being their work on 1930 and they focused on taking infantile paralysis from the universe. They began proving vaccinum and therefore became successful. It was in 1988, the World Health Organization took and inaugural and adopted an attack to eliminate polio worldwide. It formed a group called Global Polio Eradication Initiative ( GPEI ) , who was funded by Bill and Melinda Gates Foundation [ 2 ] . Globally every state took active portion in the GPEI plan. They created consciousness among people for the demand of the vaccinum. WHO of many portion started this enterprise, by 1988 where an estimated figure of victim were 350,000 in about 215 counties is brought down to merely 4 states to 406 instances in 2013 [ 3 ] . This is great betterment for the life of people. It is believed that 10 million people walking today would hold been paralysis if this remedy was non found, along with that the figure of child decease would hold been 1.5 million. History and Time period development It is believed that first polio intelligence was made cognizant at Rutland Country, Vermont, United States of America in 1894. There was a physician who noticed palsy among people. He besides noted that infantile paralysis could be caused without or with palsy. He besides said â€Å"The component of contagium does non come in into the etiology either. I find but a individual case in which more than one member of a household had the disease, and as it normally occurred in households of more than one kid and as no attempts were made at isolation, it is really certain that it was non-contagious.† [ 4 ] —Charles Caverly, MD, Infantile Paralysis in Vermont img alt="http://media.historyofvaccines.org/images/000309_400.jpg" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/0997947.001.jpg"/ img alt="http://www.polioeradication.org/portals/0/Image/PolioPrevention/HistoryOfPolio/history-1580BC.jpg" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/0997947.002.jpg"There were some 132 instances reported, most of them were lasting palsy. Besides in this image you can see a kid with left leg being paralyzed [ 5 ] . This was consequence of infantile paralysis. Besides the Doctor discovered in 1905 that this disease is contagious and therefore can be caused with approaching in contact with another individual. But it is besides believed that Polio was present manner before the 19th century. We know that Egyptian were the first one to care on rock. Peoples have found one rock where the individual is shown palsy on his leg [ 6 ] . img alt="http://media.historyofvaccines.org/images/000305_400.jpg" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/0997947.003.jpg"Since beginning of 19th century, there has been great incident go oning and many research worker and physician have examined palsy instances bespeaking it being resulted from infantile paralysis [ 7 ] . It is calculated that more than 2000 people died in lone New York City in 1916 because of infantile paralysis. This became a major concern for people. It is estimated that 2.5 billion or more kids have been the victim of this diseases by 1988. Way back in 1930 A ; 1950 the work for the Vacancies had began and the physicians started doing vacancies which can bring around this diseases. It is therefore estimated that by 2006 merely 4 states had the presence of infantile paralysis. And accurate and program run are taking topographic point to make consciousness and therefore the mission to take infantile paralysis is about to be fulfilled. United States of America was the first state who was successful in eliminating infantile paralysis virus wholly 1994 [ 8 ] . Ecological / Evolution theoretical account or political economic system theoretical account We all know when it comes to the political subdivision, our leaders can travel to any extend in order to acquire the ballots. The Tuskegee institute was opened and founded by the March of dimes during the epoch of 1941. The centre was originally establishing for the infantile paralysis subsisters and politicians have played really large function in it. Franklin Roosevelt had founded this rehabilitation in the 1920, before he became president and he said by himself that this rehabilitation centre will merely let Whites people. Segregation at warm spring in province of Georgia became a beginning of political concern when Roosevelt foremost ran for the president for the reelection in the 1936. Roosevelt Franklin used warm spring as his chief topographic point or you can as his personal retreat centre, people who were against him in that country were discontinue with the attention of infantile paralysis that was provided by the rehabilitation centre. Particularly inkinesss were the most who were affected by this act. But there were rumours about the president that he was besides affected by this disease called the infantile paralysis in which he was addicted to the drugs and sexually impotent and needed heterosexual jacket all the clip. On the other manus President Roosevelt merely wants to derive more ballots. In order to note the Democratic Party, while the Republicans were claiming that Democratic Party isn’t prominent to the inkinesss. Medical and Social Awareness to forestall disease img alt="Volunteers hold an End Polio Now banner" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/0997947.004.jpg"/ Medical and Science have worked truly difficult to do this possible. WHO with aid of Bill and Melinda Gates Foundation have created many positive runs to take the infantile paralysis. Even many states like India have Polio Sunday where the kids are given free vaccinum of infantile paralysis. This manner educating people helps them to understand the demand of working and contending difficult to take this virus else their life would be hard. Contribution by Medical Anthropological into development Medical Anthropological is cardinal thing into any research. For infantile paralysis it had helped really greatly. Early on in 1930, physicians had found the vaccinum for the disease nevertheless it was non so effectual, in fact it had some side effects [ 9 ] . The best vaccinum is which has no side consequence to human organic structure and it does the work for the intent. Hence physicians started happening more inside informations about what is the disease and how is it dispersed. So larning about worlds and they analysing the form of the life manner is a portion of Medical Anthropology. With this they infact found there are three types of infantile paralysis virus. The most unsafe wild virus is Virus B. And with this survey merely they could happen the right vaccinum for the remedy of the disease. Besides the contagious diseases nature of the disease is consequence of this survey merely. Medical Anthropological therefore has ever greatly helped to the development of the vaccinum and it has besides helped the scientific discipline in many ways. Without understanding the forms of the life manner of people it really hard to reason on what could hold really caused the disease and therefore happening the remedy for it. Decision Polio was really dangerousdiseases. Many people have suffered due to this disease. We should be greatly grateful to World Health Organization and their enterprise on GPEI, which has lessening the per centum of infantile paralysis to 99 % . Soon it will fall in the list of disease like Small Pox who happening is zero in universes. Plants Cited ( 1916, 6 17 ) . Retrieved April 20, 2014, from New York City Polio Epidemic: hypertext transfer protocol: //www.historyofvaccines.org/content/timelines/polio First U.S. Polio Epidemic. ( n.d. ) . Retrieved April 20, 2014, from hypertext transfer protocol: //www.historyofvaccines.org/content/timelines/polio History of infantile paralysis. ( n.d. ) . Retrieved April 20, 2014, from hypertext transfer protocol: //www.polioeradication.org/Polioandprevention/Historyofpolio.aspx History of Polio. ( n.d. ) . Retrieved April 20, 2014, from hypertext transfer protocol: //www.historyofvaccines.org/content/timelines/polio Poliomyelitis. ( n.d. ) . Retrieved April 27, 2014, from hypertext transfer protocol: //chealth.canoe.ca/condition_info_details.asp? disease_id=314 Poliomyelitis. ( n.d. ) . Retrieved April 21, 2014, from hypertext transfer protocol: //www.who.int/mediacentre/factsheets/fs114/en/ Anthropology Research Paper on Polio – AmandeepRakkar How to cite Research Paper on Polio, Essay examples

Marketing Management for Hospitality - Free Sample to Students

Question: Discuss about the Marketing Management for Hospitality Industry. Answer: Introduction: Hospitality industry entails the business of providing catering, lodging, and entertainment services to customers to satisfy their needs and wants with the main aim of obtaining profits (MacInnis, 2012). This industry is supported by the foundation of strong primary principles, backed by tourism generating infrastructure since hospitality is the key virtue for any industry to attain its set goals and objectives. Hoteliers need to focus on the consumer decision - making models to acquire all the information pertaining the consumers' complaints and recommendations and thus come up with suitable resolutions that will enable them to retain their existing customers as well as encouraging the potential ones to enter the industry. Marketing strategies by hotels should be set with the main aim of matching the desires of their customers, as obtained from the analysis of the models (Tseng Hung, 2014). Consumer decision making model, consists the analysis of how users identify their needs, gather information, assess possibilities and finally conclude to a buying decision. The choices consumers make towards different products can be driven by economic, environmental or psychological factors. With reference from the hospitality industry in Australia, there are five stages involved in consumer decision-making process which starts before the actual purchase of goods and services is done, they include: need recognition, information search, and evaluation of alternatives, purchase decision and purchase evaluation. In the case where the consumers often make more purchases, the process repeats itself since a satisfied customer will always come again and again. Although consumers are the key decision makers, due to the inability to predict the future regarding costs and also obtaining information in the present, their choices are limited such that they can only be bounded rationally. Consumers are motivated to purchase products from the same supplier if they were previously satisfied with the same goods and services. Need or desire is the primary driving force or motivation factor behind every consumption. All consumers share common need structures, but distinct specific wants differentiate them according to their cultural, social and economic perceptions. Customers automatically make their purchases from the marketer or seller who represents the figures and values according to their expectations, provides the requirements and the experience needed by the consumer and finally availing the goods and services which most attract the customers. Hoteliers need to always examine and evaluate their customer views before bringing anything new to the market. Different participants influence the decision making of a consumer when purchasing a good. They are known as the decision-making units. They include the initiator, user, influencer, decider, approvers, and purchasers. The buyer may not necessarily be the user of the commodity, for example, in the case where a child (initiator) needs to buy a chocolate and is accompanied by his father and mother, he will first tell the mother (influencer) who will transmit it to the father (decider) who may decline or approve the request and purchase the chocolate. Hoteliers must be in a position to identify who their customers are so as to adequately maintain and retain them as well as encouraging the potential ones in their business venture. Consumers make purchasing decisions from observing several aspects in the market (Al-Tarawneh, 2012). They first behave differently after purchasing goods and services, and this is known as the consumer post-purchase behavior.' Customers will automatically form certain expectations for a product, just immediately after purchasing it and before the actual consumption. They still evaluate it during and after actual use and the results, reality, and perceptions acquired from these evaluations act as the determinant factors which highly depend on whether to purchase the product again or not. Influences from the external environments may also affect the decisions consumers arrive at before purchasing the products. These controls help to give manipulations to the way different users conclude to their investment decisions. They include; group influences which may involve family and friends, product class influences involving the upper, middle, working and lower classes, and finally the situational influences. For marketers to acquire maximum customers possible, they need to put into account an analysis of marketing decisions focusing on different consumer dimensions. After the marketers fully analyze the consumer decision-making model, they are now left with the obligation to carry out market segmentation to reach their customers from different geographic areas appropriately. This entails the division of a market into small units which have similar characteristics within each of the segment and different characteristics between layers, and it involves four different variables namely; geographical, demographic, socio economic and behavioral variables. Requirements for effective segmentation include the substantiality, durability, actionability, differentiability, measurability and accessibility of the market segment. In the side of marketers, proper market segmentation helps them to avoid unprofitable markets, abstain from competitive markets and also enables them to utilize the readily available resources adequately (Abbasi, Bigham, Sarencheh, 2011). It also helps in gaining the ability to get a clear understanding of a particular market and im proved future consumer behavior predictions. An example of market segmentation in Australia where the favored destinations with the best experiences are Kakadu, Arnhem Land, the Olgas, the Kimberleys, Noosa, Port Douglas and the Flinders Ranges. Consumers behave differently to different markets as it only matters with how the marketers present their adverts to them, and the level of persuasion the consumers get from the marketers. There are four types of organizational markets which always have high impacts and influence of the decisions made by the consumers towards the purchase of particular products. One of them is the producer market which involves the purchase of goods with the aim of transforming them into finished goods, the reseller markets buy to resell specifically to get profits, for instance supermarkets. The third one is the government market which involves buying goods that are used to serve the public. Foe instances, road construction and finally, the institutional markets which require non governmental organizations which purchase goods for charity purposes such as the World Vision Program. Consumers' decisions are accompanied by various risks. It mostly depends on how hazardous users see objects, their perceptions, attitudes and the ability and willingness to tolerate the risk. One of the major risks is that one cannot first get the taste of a good or experience the comfort of a service before the actual purchase (Zhang, Ji, Wang, Chen, 2016). Risk perceptions are defined as an evaluated association of three likelihoods which include; winning, losing and receiving nothing. Risk perceptions can be addressed in two different forms, the first one being the multidimensional view where a consumer will fear to purchase an individual product due to lack of detailed knowledge pertaining it. For instance, a customer will hardly be convinced enough to buy a product they have never used before. Here comes the duty of the marketer who should make sure that the consumer is entirely confident that the product is good and of no harm to them. The second form is that of examining the perceived readiness of a risk in monetary grounds (Carroll Guzmn, 2013). Financial impacts will always have greater losses that the profits. Risk judgment thus becomes something of great importance when it comes to matters concerning decision making. Most of the consumers, for instance from Australia use information delivered from the internet which in some case brings challenges to marketers (Tarrell, et al., 2013). Bearing in mind that organizations depend on the information and analysis they obtain from consumer decision making models; marketers make use of integrated marketing communications (IMC), which is defined as a plan of techniques and approaches through which enterprises do executions by fascinating, working for, and undertaking communications with consumers and other parties (Kordnejad, 2014). In the case of advertisements and direct involvements with the media for publicity purposes, most of the marketers opt for online promotions to capture a greater number of audience and influence their experiences and perceptions since the world has already changed to a digital era. Hoteliers acquire full knowledge of their business strengths and weaknesses from their customer views, remarks, and feedbacks. They also get a chance to master the sections where they need to improve as well as noticing where they have done excellently. Proper satisfaction with services, however, is determined by consumer's experience. The quality of the service can only be assessed after the actual consumption is made (Opitz, Krp, Kolbe, 2014)). For the case of hotels, the customer only gets a full assessment of the service e.g. The infrastructure was given, sanitation of the rooms and the hospitality of the workers only after checking in. Excellent marketing communication by hoteliers creates images and insights into the service experience, in the mind of a potential consumer even before physically experiencing the services. Inability by a firm to perform its duties well results to the poor satisfaction of the customers, and the possible outcome from the consumers includes negativ e word of mouth, customers switch to another place where their needs and wants are fully taken care of. Consideration of the consumer decision-making models significantly increases the functions and characters undertaken by the marketers in the process of service marketing, noting that a good customer management is a very vital principle of service marketing (Tseng Hung, 2014). Consumer decision-making model doesnt only help marketers in consumer evaluation but helps the consumers also in their succeeding characteristics and the way they act. For instance, in Australia, most of the records of hotel complaints were seen to relate to the issues associated with the employees in hotels and the status of the physical facilities. In conclusion, the consumer decision-making model analysis is the determinant factor of any firm that wishes to run operations smoothly as well as fully satisfying customers. Business managers need to recognize their roles and obligations to study and fully analyze what their customers need to get satisfied. Both existing and potential customers should be well recognized and given the priority so as to enable them to stick to one point which best attends their needs and wants. Well served customers will spread a good word of mouth and also act as an advertisement tool for the organization. References Abbasi, P., Bigham, B. S., Sarencheh, S. (2011). Goods history and trust in electronic commerce.Procedia Computer Science,3, 827-832. Al-Tarawneh, H. A. (2012). The main factors beyond decision making.Journal of Management Research,4(1). Carroll, D., Guzmn, I. (2013). The new omnichannel approach to serving customers.Accenture. com. Kordnejad, B. (2014). Intermodal Transport Cost Model and Intermodal Distribution in Urban Freight.Procedia-Social and Behavioral Sciences,125, 358-372. MacInnis, D. J. (2012). Brands as intentional agents: Questions and extensions.Journal of Consumer Psychology,22(2), 195-198. Opitz, N., Krp, H., Kolbe, L. M. (2014). Environmentally Sustainable Business Process Management-Developing a Green BPM Readiness Model. InPACIS(p. 12). Oladepo, O. I., Abimbola, O. S. (2015). The influence of brand image and promotional mix on consumer buying decision a study of beverage consumers in Lagos State, Nigeria.British Journal of Marketing Studies,3(4), 97-109. Tarrell, A., Tahmasbi, N., Kocsis, D., Tripathi, A., Pedersen, J., Xiong, J., ... de Vreede, G. J. (2013). Crowdsourcing: A snapshot of published research. Tseng, S. C., Hung, S. W. (2014). A strategic decision-making model considering the social costs of carbon dioxide emissions for sustainable supply chain management.Journal of environmental management,133, 315-322. Zhang, H. Y., Ji, P., Wang, J. Q., Chen, X. H. (2016). A neutrosophic normal cloud and its application in decision-making.Cognitive Computation,8(4), 649-669.

Acquisition of a language

Acquisition of a language Acquisition of a language is a situation whereby a person, specifically one who is exposed to the language to be acquired is exposed to that language.Advertising We will write a custom essay sample on Acquisition of a language specifically for you for only $16.05 $11/page Learn More It can either happen in a natural set up where the target language is used and that the learner of this language acquires it by mere exposure to that language (Ellis, 1994), or in a formal set up where the language is to be taught to the learner and he or she is introduced to the rules and ‘tools of trade’ of the language, for instance, when a learner is born in a certain environment, for example an English family, and the language of communication is English, then the learner’s first language is English (Ellis 1985), but when another language comes up such as French, and the child is under circumstance that he or she has to learn French, then French will come in as a second language. The environments of acquiring both languages will be different and therefore after acquiring the first language, acquisition of the second language can either be simplified or made harder. The second language can either borrow from the first language or not borrow at all; therefore the first language will have played a role either positively or negatively in the second language acquisition process (Gass Selinker, 2001). Second language acquisition entails the acquisition of a language after the first language also known as the native language. The first language is considered the language that one acquires first as the mode of communication. This language is always thought to be an individual’s mother tongue. Any language that comes after the first language is then referred to as the second language, which is essentially the language that opens an individual to the outside world or rather to communicate with people outside his or her native backgrou nd. Most often than not, an individual’s background can be traced using the (Gass Selinker, 2001) accent that he or she has in her foreign language as his or her second language accent can easily contain traces of his or her first language. It is therefore the case that first language can have both positive and negative effects on an individual (Ellis, 1985). The second language can be easy to learn if there are some similarities between it and the first language. It is always the case that a French speaker can easily learn English as his or her second language because of the few similarities between the two languages, but a speaker of Chinese can find it a bit hard to learn English because there is a wide gap in terms of differences between the two languages (Gass Selinker, 1992).Advertising Looking for essay on linguistics? Let's see if we can help you! Get your first paper with 15% OFF Learn More There will be more interference experienced (Ellis, 1994) from the Chinese language because of the difference in pronunciation than it will be the case with French. It is therefore believed that similarities and differences in various languages play a significant role in the acquisition of the second language, the more the differences, the difficult it is to acquire the second language but the less the differences, the more easy it is to learn the second language (Gass Selinker 2001). Second language acquisition will be interrupted by the first language in a situation whereby the first language dominates much more in its usage than the second language. Whenever the first language gets more prevalence, then it is most probable that the use of the second language is minimal. Practice makes perfect and therefore if the language acquired as a second language will find it as a challenge when the learner uses the first language more often because the learner finds it more comfortable to use the first language, then it will be hard reachin g the target language. Therefore the first language will have stood in the way of the learning of the second language and therefore its acquisition hindered. The first language will have stood on the way in the learning of the second language. Errors can come up in the acquisition of the second language because of the interference caused by the first language (Dulay Krashen, 1982). Most of these errors are caused by transfer of forms and meanings by a learner from their first language into the second language. This is evident in practical measures when a learner wants to make it easier to understand a notion that is found in the second language that is almost similar to that found in the native language (Dulay Krashen, 1982). Most errors are always linked to the first language caused by transfer.Advertising We will write a custom essay sample on Acquisition of a language specifically for you for only $16.05 $11/page Learn More In the acquisition of the se cond language, the learner either consciously or unconsciously finds himself or herself transferring rules from his or her first language into the second language. These rules May affect the acquisition of the second language either positively or negatively (Dulay Krashen, 1982) As propagated by the behaviorist theory that language learning is a process of habit formation (Gass Selinker, 1992) whereby old habits from the first language are thought to stand in the way of the learning of the new habits found in the second language, this is referred to as negative transfer. This will in the wider picture lead into the formation of errors. According to behaviorists therefore old habits that will have been formed in the learning of the first language contribute greatly in the learning of the second language and in as much as in the behaviorist context this will lead to formation of errors and it is evident therefore that there is a significant role played by the first language in the l earning of the second language. At times, the habits from the first language help the learning of the second language and make it easier because the contribution of the first language could have been strengthened the values found in the second language, this is called positive transfer. It is therefore true that the first language has a significant role in the learning of the second language. Second language learners may in some circumstances exhibit habitual avoidance of some constructions in the second language due to the differences exhibited therein from their first language (Beebe, 1998). From their first language, second language learners will tend to concentrate largely on discourse or grammatical forms that do not pose problems with their first language. Those that show a wide margin of difference will therefore be avoided in order to make it easy for acquisition of the second language, which is as per the learners. But avoidance of these constructions is in the long run att ributed to the interferences of the first language. Avoidance of the constructions that deem hard can affect the acquisition of the second language by the mere fact that the constructions that are avoided can cause major grammatical errors in the acquired language. These errors caused by transfer can seriously harm the acquisition of the second language.Advertising Looking for essay on linguistics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In view of the cognitive approach to second language learning, the learners are thought to creatively use the knowledge that they already have from the first language so as to learn the second language on their own with minimal supervision. This is done by the learners coming up with patterns that are of their own making, making use of the underlying rules they borrow from the first language. After formulating the rules they then try to fit them in the second language, if they are not relevant they rectify them and if they are applicable then they will have achieved in the learning of the second language. The learners therefore will have learnt from their own mistakes because partly they hold an active role in the learning process. They will be in a position to learn on their own and acquire firsthand knowledge of the second language courtesy of the first language knowledge they will have had. Rules from their first language will have played a significant role in the general outcome of the second language learning. The learning processes of both the first language and the second language are always not the same, because the first language always comes first and in a natural setting, the second language comes later and in most cases in a more formal setting but if it occurs in a natural setting the mechanisms used in its learning are not always the same (Sharwood 1994). Whereas the acquisition of competence in the first language comes at relatively faster rate, those standards of the second language are relatively slow unless it happens in a relatively faster learner. More often than not, when a learner gets exposed to the second language at a relatively young age, and incase the first language is not in constant use, the first language stands a chance of being dropped along the way because new rules of the new language tend to overshadow those of the first language. But in case of comparison of both rules and applying them in the acquisition, then it is quite evident that both languages will have complemented each other (Sharwood, 1994). When looking at the linguistic word order in a language, more often than not the first language affects the second language (Gass Selinker, 1992). For instance in English, there is the ‘subject-verb-object’ agreement in word order in a grammatically correct sentence but for an English learner it may not be the case that his or her first language could be having this same word order. In acquiring English as the second language, the learner will find it convenient using the word order of the native language ignoring that of the second language (English). This is always the case when considering the theory of overgeneralization where the second language learner over generalizes, specifically the rules acquired from the first language. This can be considered as a type of simplification that aids the learner in understanding and acquiring the second language. The first language will have therefo re played a significant role in simplifying second language rules. Though this can be seen as interference from the first language, the end result is this will have aided in the understanding and acquisition of the second language by the learner. Learners of English as a second language, most significantly French learners will in a way change the rhythm in English because their first language, that is French allows. The distortion of the language is mainly caused by use of words that could not be having the meaning they intend to pass across, for instance the misplacement of the word ‘for’ with a word like ‘since’. An example in a sentence is, â€Å"I have been living here for the last four years and instead use â€Å"I have been living here since four years†. This is a case of syntactic borrowing from the first language into the acquisition of the second language (Gass Selinker, 1992) On the basis of the first language, it is easy to detect areas o f the study of the second language that will be of difficulty to the second language learner and those that will not be difficult (Ellis, 1994). The underlying factor is for the second language learner to understand the finer details of the language, so that a line is drawn between the first language and the second language (Gass Schachter, 1989). One needs to invent a mechanism that can help avoid the kind of confusion that can arise as a result of errors that arise through overgeneralization and transfer. It is evident that some errors realized in the acquisition of the second language are as a result of the first language influence. Therefore a line needs to be drawn between the rules of the second language and the native language. Accents are usually carried by the leaner from their fist language into the learning of the second language. In this case, a learner will always tend to pronounce sounds in the second language as if they were in their first language (Gass Selinker, 19 92). This can be seen in languages that share particular words even though the meaning and pronunciation could be different. This can be seen for example to be in existence among French and English languages. The learners of either of these two languages may find themselves carrying the accents of either of the languages into the other. This will happen if one language comes after the other as a second language. Therefore borrowing of accent from the first language can always be traced if the native speaker competence of the second language is not achieved (Gass Selinker, 1992). Thus, this leads to the passing judgment on the origins of an individual through this particular individual’s accents. In the field of second language acquisition, it is always the case that the learner of the second language achieves the status of being able to communicate with people outside his or her native boundaries of the native language. But at times the second language speaker may find it di fficult to get the right words with which to communicate with the speakers of the second language. This learner will find himself or herself using first language phrases in order to pass a point or rather to say what he or she intended to say (Gass Selinker, 1992). In most cases this is accompanied by signs and gestures which will aid the listener in understanding what the reader intends to say. This helps in the expression of oneself in the language that one is well equipped in but with accompaniment of body language, then he or she is well understood. For instance, when one finds it hard to use the word university in the acquired language and has got that word in his or her first language, then with aid of the first language together with facial and other extra linguistic devices, the whole meaning will have been arrived at. During encoding and decoding of messages, most second language learners find it easy encoding it and giving the messages their own interpretations in their f irst languages and thereafter find the suitable words to employ in the second language. This is so because before one gives a response, he or she needs to internalize the encoded message after which he or she needs to decode the message. Apparently before a response is given many processes do take place which in return contributes to the communication cycle to be complete (Gass Selinker, 1992). The second language in itself cannot be sufficient if the learner has not yet acquired all the vocabularies that aid good communication, before the learner acquires second language competence it is therefore always the case that the first language is helpful. In case the learner does not get the right vocabulary, then he or she can decode the message in the first language after which it can be given an interpretation that is required in the second language. The use of the first language, in as much as the initial studies posed as a hindrance to the acquisition of the second language serves a s a measure that bridges the gap left by lack of the right words in the second language, but it is this same first language that will serve as a ‘bank’ where borrowing of words takes place to aid encoding and decoding of information for easy communication. Some linguists view the first language as less important in the acquisition of the second language and that instead of being a positive factor in second language acquisition; the first language seems less important (Beebe, 1998). If just left aside, as a major factor that contributes positively to the acquisition of the second language, then an individual’s fist language will have been done harm, this will be seen as means of killing the first language after the acquisition of the second language (Gass Schachter, 1989). It is therefore wise to see the acquisition of these two languages as complex but equal processes that needs reinforcement in either way. The underlying factor in this case, at all levels and s tages of the acquisition of both first and second language acquisition, both of the two languages need each other. It should be noted that both the first and the second language complement and need each other (Beebe, 1998). Any language of the world plays the role of communication and expressing oneself so as to be understood and to understand other members of society. The acquisition of a second language in the natural environment of the first language can see the first language being used in making incorrect assumptions concerning the second language but that notwithstanding (Gass Schachter, 1989), it can be used in making the acquisition of the second language a lot easier. Both of these two languages need each other in a healthy way in order to strengthen each other, one way nit to make the first language distinct and secondly to make the second language helpful in aiding the first language speakers open up to the outside world of communication References Beebe, L.M. (1988). Is sues in Second Language Acquisition: Multiple Perspectives. New York. Newbury House Publishers. Ed. Dulay, H., Burt, M. Krashen, S. (1982). Errors. Language Two. Oxford: Oxford University Press. Ellis, R. (1985). Learner Strategies. Understanding Second Language Acquisition. Oxford: Oxford University Press. pp. 164-189 Ellis, R. (1994).The Study of Second Language Acquisition. Oxford. Oxford University. Gass, S. Schachter, J. (1989). Linguistic Perspectives on Second Language Acquisition. Cambridge University Press. Cambridge. Eds. Gass, S. Selinker, L. (1992). Language Transfer in Language Learning. New York, Routledge. Gass, S. Selinker, L. (2001). Second Language Acquisition: An introductory course. New York. Routledge. Sharwood S. (1994). A quick tour around, Second Language Learning: Theoretical Foundations. London: Longman. pp. 3-21.

Compulsive Eating essays

Compulsive Eating essays Compulsive eating is an addiction to food. Being addicted to food is not like, gone all day without food fascination, it is not eating for pleasure it is eating out of compulsion (Moran, 2012). Over eating and being addicted to food is the exact same as if you were to drink, smoke, take drugs, etc. (Moran, 2012). The only difference is there is no cut off, nothing to stop taking because you cannot stop eating completely. There are several different types of compulsive eating disorders. Three main disorders are; binge eating, bulimia, and anorexia. These all are very similar in meaning because they all involve unhealthy eating patterns, but in reality differ greatly (New, 2011). We sometimes use food to hide our real emotions. We are too afraid to show how we are really feeling, so instead of talking about it, we eat. Compulsive eaters do this in such a way that it becomes an eating disorder. Though this is an extreme disorder that should be taken very seriously; it is not. People, who have compulsive eating disorders, eat for the same reasons people take drugs. But for some reason, that I do not quite understand, we seem to accept the idea of the drug-addicted rock star (Miet, 2012). Most people today tend to overlook compulsive eating because it has no actual cut off. No way to have any withdraws like you would if you were a drug addict or an alcoholic. Those who over eat do not see food as pleasure; they see it as compulsion (Moran, 2012). Those with compulsive eating disorders think of food as a way out. A way to satisfy depression, fill an empty void, or even a way to wallow in your own self-pity. In a sense, compulsive eating is the same as being an alcoholic, or a drug addict. But that is only the way it seems, there is still a huge difference. Compulsive eating allows you to still be able to wake up early in the morning, prepare lunches for your family, visit your parents, and have a normal life (Moran, 2012). This is why ...

Proj Risk Mgmt Essay Example | Topics and Well Written Essays - 1250 words

Proj Risk Mgmt - Essay Example Strategies to control the risks are identified, plans are established on how to deal with the risk, and the correct action is taken (PMBOK, 2008, pp 309). Risk audits are also carried out to examine the value of the risks responses when dealing with the cause of the risk, and how effective the risk management plan is. When conducting the risk management, trend analysis is used to monitor performance of the project. Technical measurements compare technical accomplishments during a project implementation to the project management schedule. Moreover, the technical performance can be used to compare the results of the management plan with the targets. In order for the risk management plan to be effective, reserve analysis is carried out to compare the amount of reserve that has remained to the total amount of risk remaining. In addition, the amount of time required to tackle a risk depends on the number of risks identified (PMBOK 2008, Pp 310). Project schedule slippage This term means t he delay in the completion of a project from the estimated time scheduled for completion. A project can be delayed due to various reasons such as; lack of proper planning, re-doing of a particular section of work for some time hence taking over the expected time, lack of enough resources for a project to be completed on time, proper planning and willingness to carry out the task. A lot of time is wasted when resources, tools, and equipments run out of stock, thus the employees have to wait for delivery. Indeed, this wasted time is not accounted for. Another factor to consider is the time wastage due to un-inevitable event, for instant, the illness of a coordinator will require waiting until he gets better or hiring a new one who will take time to familiarize with the project. Schedule delay may cause problems to the owners and contractors of that project in that, the additional time added may amount to many unplanned added costs. Therefore, it is important for every project to be ma naged to a schedule (Hullet, 2009, pp, 1). Diagnostic metrics This metric is used to provide information on a system. Diagnostic metrics assess the situation of a system, detect any anomalies, and forecast on future problems based on the latest date. The root cause of a variance is usually determined via the use of metrics. With the cause of each variance identified, it easy to know what measures to take. After dealing with the main variance problem, it is easier to tackle related problems that will arise in the project (Kendrick, 2010, pp 278). However, â€Å"metrics can be used to detect changes, make performance and progress visible, evaluate progress evaluation, and trigger process improvements† (Kendrick, 2009, pp 237). Since incorrect activity duration estimates may push all personnel into work too early or too late, how can a Project Manager motivate their teams by learning more accurate estimating? First, a manager can match a task to an employee depending on his avai lability, such that, he is sure that the task will be completed within the agreed time. This strategy makes it possible for an employee to dedicate his effort on the assignment since the manager relies on him. Secondly, the manager may reallocate assignments to those employees who have fewer assignments. This creates a sense of equality among employees. A manager can also assign critical part of an

Do Revolutions and Armed Conflicts Come or are They Made Essay

Do Revolutions and Armed Conflicts Come or are They Made - Essay Example Consequently, one group arises against the other with a common aim of redeeming itself. Conflicts are caused by different factors such as the struggle to control and access of natural resources such as water source, control of oil fields or a mining site. Harsh economic conditions lead to intra-state revolutions while oppressive political systems are prone to initiate a revolution. Moreover, ethnic diversity is also seen as a cause of armed conflicts since parties to conflicts may be described by their ethnic identities. Goodwin (2001, p. 8) argues revolution occur due to social and economic inequalities with the majority claiming that equality has been denied against them or the minority claiming superiority. Revolutions occur as a group seeks to profit itself, achieve honor or in an attempt to prevent dishonor. In the 1960s there were revolutions in New York by civil rights activists demanding for equal rights for the African -Americans who were opposed to social and economic exclu sion. This paper presents a discussion of various causes of conflicts to support the argument that armed conflicts and revolution are actually made and do not just come. ... 8), the political organization of any state can be categorized into three dimensions. These dimensions include the type of state organization that is, whether the nation is bureaucratic or patrimonial. Political organization also includes the type of political regime adopted in the state; that is whether the system is inclusive/liberal or exclusive/repressive. Moreover, the third political structure dimension is based on the infrastructural power in the country; is it strong or weak. Goodwin (2001, p. 30) argues that a political system which is repressive and infrastructurally weak works to incubate revolution in both a bureaucratic and patrimonial regime. In addition, he observes that revolutions are more likely to succeed against patrimonial regimes than in bureaucratic systems. Goodwin (2001, p. 30) notes that patrimonial states do not facilitate the implementation of initiatives that can successfully oppose a popular revolution. Goodwin (2001, p. 11-12) describes that in bureaucr atic structure appointments to positions are made based on achievement in a particular specialized training while in a patrimonial system; appointments are based on political loyalty, kinship or ethnicity. He observes that in contrast to bureaucratic regimes, patrimonial systems are inefficient. Furthermore, Goodwin (2001, p.50) asserts that patrimonial regimes strengthen revolutionary movement by weakening other counterrevolutionary elites who are viewed as their chief opponents. This supports the argument that revolutions are actually made by the political system. Goodwin lists various patrimonial regimes including; Diaz in Mexico, Ceausescu in Romania and the Shah in Iran. Goodwin (2001, p.123) supports the argument that political system incubate conflicts by presenting

Comparative Study of the Banks in Nepal

Comparative Study of the Banks in Nepal A well-structured financial sector is of special importance for the economic growth in both developed and developing countries. The commercial banking sector should be well organized and efficient for the growth of an emerging economy. Commercial Banks which forms one of the backbones of the financial sector are the intermediary link in facilitating the flow of funds from the savers to investors. By providing a means of mobilizing domestic savings and proficiently channeling them into productive investments, they lower the cost of capital to investors and accelerate the economic growth of a nation. No underdeveloped country can well progress without setting up a sound system of commercial banking system.  [1]   Nepal is an agrarian based economy with a GDP of $ 33.26 billion  [5]  . Nepalese banking industry has considerable changes over past decades because of liberalization, deregulation, improving information technology and globalization. The financial sector liberalization resulted in the entry of new firms in the market, which also added more pressure on competitiveness of individual banks; deregulation widened the scope of activities and expanded the banking activities; advancement in technology resulted into new methods to perform banking activities. Furthermore, the banks, these days, are entering into non-banking markets while other financial institutions are entering into the banking markets that have conventionally been served by the banks. These changes have altered the structure and market behavior of Nepalese banking industry. Currently there are 26 commercial banks out of which 6 are joint venture banks, 63 development banks and 77 financial institutions in Nepal. At present there is only one international bank operating in Nepal which is Standard Chartered Bank Limited. It started operation in Nepal since 1987 as a joint-venture operation and today it is a part of Standard Chartered Group having an ownership of 75% in the company and 25% shares owned by the Nepalese public. Nepal after its commitment to the World Trade Organization (WTO) during its accession in 2004, has allowed foreign banks to make their foray in Nepal to do only wholesale banking  from Jan. 1, 2010. Initially before the agreement with WTO (GATS), the Central Bank regulation allowed foreign shareholders to acquire maximum of 51% shares. Later the regulation changed which allowed foreign ownership of 75% and the recent regulation of 2010 allows 100% foreign ownership (i.e. allows a local entity to be a branch of a foreign company) in the banking industry. Entering of foreign firms is likely to generate benefits to financial sector as well as the economy as a whole (Chau HB, 2003). The effects can be seen mainly through an increase in efficiency and technological advancements as mentioned above. Over the past decade, the Nepalese banking industry has been doing well and has a number of new firms entering into the market. However, there is only one foreign bank and 6 joint-venture banks in the banking sector, though the government has liberalized the financial sector and allowed foreign banks to have 100% foreign ownership. With limited number of foreign banks in Nepal, it is still unclear whether entering of foreign banks, including joint venture, helps to improve overall performance of banking sector as well as to spillover some benefit to domestic banks in Nepal. Objectives To answer the key question above, there are two objectives of the research paper: To measure and analyze the performance of three types of banks namely domestic bank, joint-venture bank, and foreign bank and to explain the variation in performances of these banks. To identify whether the entry of foreign banks, including joint venture, banks would be beneficial for domestic banks which still dominate the financial market in Nepal. 1.3. Scope and limitations of the Study This study will only focus on three types of banks, i.e. domestic bank, joint-venture bank, and foreign bank, and it will offer an insight on the advantages of foreign banks in Nepal. Furthermore it will provide the reasons pertaining to variations in performance of the banks. The main limitation in this study is that there is only one foreign bank in Nepal till date, so the interpretation of the performance of the foreign bank in Nepal could be restricted to some degree. 1.4. Research Methodology This section develops research methodology to reach the objectives of the study. The banking sector in Nepal will be divided into three groups, namely foreign owned banks; joint-venture banks, and domestic banks. For this research, foreign-owned banks will be classified as those which have started a branch or subsidiary in the host country where the share of foreign bank ranges from 51% to 100% while joint venture banks will be classified as those in which foreign investors own the total equity of 50% or less and domestics banks are those which are purely owned by the Nepalese. The foreign owned banks are separated from joint-venture banks in this study because these two types of banks tend to have different operational management, resulting in their different performance. The research methodology is composed of both quantitative and qualitative analysis. First, the qualitative approach is applied to examine the structure and development of financial sector in Nepal during 2000-2010. The financial policy, especially competition-restriction regulation in Nepalese banking sector is also reviewed, mainly through official documents from central bank and international organization. Then the quantitative approach is developed to measure the performance and efficiency of banking sectors in Nepal. This is done by conducting various financial indicators of three types of banks in Nepal namely foreign bank, joint venture banks and domestic banks. Comparison of the indicators among these three types of banks over the past decades will provide the clear analysis of different performance between foreign-owned and domestic banks. The indicators can be grouped into four aspects, namely profitability; operational costs; staff productivity; risk prevention. Profitability à ¯Ã¢â‚¬Å¡Ã‚ ·Profit Margin (Net Profit/Total Income) Profit margin is very useful when comparing  companies in similar industries. A higher profit margin indicates a more profitable company that  has better control over  its costs compared to  its competitors. Profit margin is  displayed as a percentage; a 20% profit margin, for example, means the company has a net income of $0.20 for each dollar of sales. Profitability à ¯Ã¢â‚¬Å¡Ã‚ · Return on Asset (Net Profit/Total asset) ROA figure gives investors an idea  of how effectively the company is converting the money  it has  to invest into net income. The higher the ROA number, the better, because the company is earning more money on less investment. For example, if one company has a net income of $1 million  and total  assets of $5 million, its ROA is 20%; however, if another company earns the same amount but has total assets of $10 million,  it has  an ROA of 10%. Based on this example, the first company  is better at converting its investment into profit. Profitability à ¯Ã¢â‚¬Å¡Ã‚ ·Ã‚  Return On Equity (Net Profit/Equity) The amount of net income  returned  as a percentage  of shareholders equity.  Return on equity  measures a corporations profitability  by revealing how much  profit a company generates  with the money shareholders have invested.  Ã‚  Higher The ROE better the company. Profitability à ¯Ã¢â‚¬Å¡Ã‚ · Interest Rate Spread (Interest Earning Ratio-Interest Expense Ratio) The difference between the average yields a financial institution receives from loans and other interest-accruing activities and the average rate it pays on deposits and borrowings. The greater the spread, the more profitable the financial institution is likely to be; the lower the spread, the less profitable the institution is likely to be. Risk prevention Risk Prevention à ¯Ã¢â‚¬Å¡Ã‚ ·Capital to Risk Weighted Assets (CRAR) Total Capital/ (RWAs) This ratio is used to protect depositors and promote the stability and efficiency of financial systems around the world. à ¯Ã¢â‚¬Å¡Ã‚ ·Core CRAR = Tier I Capital / RWAs Tier one capital is that which can absorb losses without a bank being required to cease trading. This measures the capital standard of the bank à ¯Ã¢â‚¬Å¡Ã‚ ·Adjusted CRAR = (Total Capital Net NPAs)/(RWAs Net NPAs) This relates to the bankâ‚ ¬Ã¢â€ž ¢s ability to sustain the losses due to risk exposures is the bankâ‚ ¬Ã¢â€ž ¢s capital. The intermediation activity exposes the bank to a variety of risks. Staff productivity Staff Productivity à ¯Ã¢â‚¬Å¡Ã‚ ·Profit per employee (Net Profit/ No. of Employee) This helps to measure how productive the employees are in the bank by calculating profit generated by every employee. Higher the figure better for the company. à ¯Ã¢â‚¬Å¡Ã‚ ·Net Income per employee (Net Total Income/ Number of Employees) This also helps to measure income generated by every employee in the company Operational costs Overhead Expense à ¯Ã¢â‚¬Å¡Ã‚ · Overhead expense/total income The accurate accounting and allocation of over-head expenses are very important factors in calculating the true cost of the company Operating Expense Ratio à ¯Ã¢â‚¬Å¡Ã‚ · Operating Expense/ Net Income The Operating Expense Ratio is usually viewed as a measurement of management efficiency.   This is because management usually has greater control over operating expenses than they do over revenues. In addition to analyzing different performance between foreign-owned and domestic banks, this study further analyze whether entering of foreign banks helps to improve efficiency of domestic bank. This is done by (1) Structured interviews with managers of central bank and commercial banks. Specifically, the interview will provide detailed analysis on which factors do help to improve performance of domestic banking sector in Nepal; could foreign-owned banks influence performance of domestic banks; and which channels do foreign-owned banks influence domestic banks, and (2) by â‚ ¬Ã…“Granger causality testâ‚ ¬? between domestic bank performance and foreign bank performance. This will be done on profitability, staff productivity and operational costs. 1.5. Organization of the study There will be five chapters in the study. Chapter 1 provides introduction, objective, scope and limitation, and methodology of the study. Chapter 2 reviews relevant theoretical and empirical literature on foreign bank penetration and domestic bank performance in both developed and developing countries to lay the groundwork for developing analytical framework and methodology in examining the impacts of foreign bank penetration on domestic bank performance in Nepal. Chapter 3 examines the structure and development of financial sector in Nepal as well as financial policy over the past decades. The results of banking performance are shown in this chapter. Chapter 4 discusses the impacts of foreign banks to domestic banks, both qualitative and quantitative. Chapter 5 provides conclusion and policy inferences. Chapter 2 Literature Review This section reviews relevant theoretical and empirical literature on foreign bank penetration and domestic bank performance in both developed and developing countries. This is done in order to lay the groundwork for developing analytical framework and methodology in examining the impacts of foreign bank penetration on domestic bank performance in Nepal. Penetration of foreign bank can come in different forms, such as branch offices, subsidiaries, joint ventures, or strategic partnerships. Branch offices, for instance, are an integral part of the parent company, that is, they have no capital of their own. Subsidiaries, however, are their own corporate entities, which are fully owned by the parent company. Similarly, joint ventures are separate corporate entities owned jointly by more than one parent company. Finally, foreign banks may establish a strategic partnership by buying a majority stake of an already existing domestic bank. Weller Scher (1999) The main difference between the various operational forms of foreign banks is their regulatory treatment. The regulatory treatment of the banks differs amongst domestic banks, joint-venture banks and foreign owned banks. Although there are different forms of foreign bank penetration, foreign owned banks are defined as those in which foreign investors own more than 50% of the total equity. Okuda and Rungsomboon, (2004). Decree on Foreign Banks, Phillip Fox 2006, distinguished foreign banks as Foreign Bank Branches (FBB), Foreign Invested Banks (FIB) and Joint Venture Banks (JVB). FBB is a dependent subsidiary of a foreign bank, for which the foreign bank has provided written guarantee that it will be responsible for all obligations and undertakings under FBB. A 100% FIB is established as a separate legal entity with capital being contributed from only foreign entities. Amongst the foreign investors, there must be a â‚ ¬Ã…“parent bankâ‚ ¬? and it must hold more than 50% charter capital. A JVB is established as a separate legal entity, with capital being contributed from one or more foreign banks and domestic banks. Capital is not divided into shares. In JVBs, the capital contribution rate by the foreign bank(s) is capped at 50% of the capital of the bank. The regulations and supervision of financial sector in a host country are crucial in affecting the penetration of foreign banks. Over the past decade, most of the banks throughout the world have started standardizing their policies relating to financial sector according to Basel committee (Basel II Basel III)  [7]   Although Basel system has been introduced and regulations and supervision of banking sectors began to be standardized, regulations relating to competition within the banking sector, which influence the penetration of foreign bank and market structure of banking sector, vary significantly across countries and regions. According to Barth, Caprio and Levin (2001), there are three key aspects of the regulations relating to competition within the banking sector, namely 1) Limitations on Foreign Ownership of Domestic Banks determine (whether there are any limitations placed on the ownership of domestic banks by foreign banks); (2) Limitations on Foreign Bank Entry determine (whether there are any limitations placed on the ability of foreign banks to enter the domestic banking industry) and (3) Entry into Banking Requirement determine (whether there are specific legal submissions required to obtain a license to operate as a bank). The restrictions on overall bank activities and ownership vary from country to country. The research on Regulation and Supervision of Banks around the World by Barth, Caprio and Levine (2001) mentions that there are two measures of the size of a countryâ‚ ¬Ã¢â€ž ¢s banking industry. First measure is total bank assets as a percentage of GDP and the other is the number of banks per 100.000 people. . Both these measures show substantial variation across countries. Countries like Germany, Switzerland, Netherlands, and United Kingdom have very high total bank assets as a percentage of GDP whereas United States and Asian countries are much lower. However the number of banks per 100,000 people is not much different in the countries mentioned above. The table clearly shows that the countries in ASEAN region have higher restrictions on banking activities and ownership in comparison to countries like New Zealand and United States. The regulations are different in each country and do not match even if the countries are in the same region. But Professional supervision per bank is lower in developed countries like United States, New Zealand, United Kingdom whereas developing counties have higher no. of supervision per bank. According to the research the highest restrictions on overall bank activities and ownership are imposed by countries like Bhutan, Cambodia, China, Indonesia, Vietnam and lowest restrictions by New Zealand then Germany, Austria and United Kingdom. In countries like New Zealand and United states the government ownership of banks is zero percent whereas India, Bangladesh has very high percent of government-owned banks. Although the regulations on banking competition vary, over the last decades, restrictions on foreign bank penetration have been relaxed as part of financial reform and foreign bank penetration increased substantially in many countries. This could be because the host country expects the positive impacts of increased foreign bank penetration in the host countryâ‚ ¬Ã¢â€ž ¢s banking system. Trade agreements have also played a major role in liberalization of market entry for foreign banks as financial services are required for international trade, production and investments. Governments usually support flow of foreign investment and this has been evident especially after various financial crises. Many countries in Southeast Asia started liberalizing foreign investment after the Asian financial crisis. The Asian crisis appeared to have catalyzed the liberalization of FDI restrictions in the banking sector across several ASEAN countries. Chau H.B (2003) A number of empirical studies analyze the impacts of foreign bank entry on domestic financial sector in a host country. The impacts can be grouped into three aspects. Firstly, foreign banks promote efficiency (competition and new technology) in domestic financial sector. A larger foreign bank presence can improve the competitiveness of the banking sector. Greater competition is advantageous for many reasons: to enhance the efficiency of financial services; to stimulate innovation; and to contribute to stability. It can also widen access of qualified borrowers to financing, which may increase aggregate lending and so enhance growth. A competitive and well-organized banking system can also improve the effectiveness of monetary policy transmission by tightening the link between policy rates and deposit/lending rates. (BIS paper No. 23) Foreign banks also help in availability of funds and acquisition of consumer-marketing skills. Chau (2003) In addition, foreign bank entry introduces new technology; financial services and advanced management skills, which existing domestic banks lack. The new technology and skills introduced by foreign banks include new financial products, advanced IT technology, and sophisticated bank management techniques. These are expected to contribute to lower operational expenses, amplified profitability, and better bank risk management. Forced by market competition, domestic banks may emulate the new financial products and management skills. Okuda Rungsomboon (2004). The presence of foreign bank also improves the corporate governance structure of the domestic banks. This includes breaking down the family-controlled structure and improving the decision making process. Chau H.B (2003) Unite and Sullivan (2001) has found that increase in foreign bank entry narrows the interest rate spreads and also reduces operating expenses. Foreign banks induces domestic banks to be more efficient, the increased competition forces domestic banks to take in less creditworthy customers and foreign participation induces domestic banks to spend more on improving their operations. However, Okuda Rungsomboon (2004) found that the entry of foreign banks is expected to negatively affect the operations of domestic banks but overall performance is likely to progress in the long run. Secondly, the entry of foreign banks is associated with reallocation of loans. Findings suggest that foreign banks improves credit access for many credit-worthy firms but some firms with positive net present value without opaque information will have difficulty obtaining loans. More developed countries, such as the U.S., Japan, and those in the European community, argue that Less Developed countries should allow foreign banks to enter into their economies. By increasing competition, foreign bank entry may boost the supply of credit and improve efficiency. Gormley (2006) Foreign banks are comparatively less likely to lend to â‚ ¬Ã…“soft informationâ‚ ¬? firms, and more likely to lend to â‚ ¬Ã…“hard informationâ‚ ¬? firms. â‚ ¬Ã…“Soft informationâ‚ ¬? refers to information that cannot be easily publicly verified by a third party. â‚ ¬Ã…“Hard informationâ‚ ¬? on the other hand refers to credible and publicly verifiable information, such as a foreign firmâ‚ ¬Ã¢â€ž ¢s authentically audited balance sheets, or government guarantees. Mian(2003.) The loan portfolio of foreign banks consists of only credible clients which mean that the chances of default are very less. The domestic banks will be compelled to give loans to non-credible clients because the credible clients will be mostly handled by foreign banks. This will have greater chances of loan defaults for domestic banks. Thirdly, foreign banks are geographically spread relative to domestic banks; therefore they are less affected by adverse shocks in the domestic country. Both foreign and private domestic banks have similar low probabilities of being assisted by the government in times of difficulty but foreign banks are considerably more likely of being bailed out by their parent bank. For example, if the local subsidiary in a developing country of a foreign bank runs into trouble, it may get an injection of new capital from its parent bank to bail it out. This access to liquidity directs to a lesser deposit cost for foreign banks. Furthermore, foreign banks have access to advanced technology, outside resources and expertise which facilitates them in providing better service than the domestic banks. However, there might be some drawbacks that make the foreign banks perform worse than domestic banks in the host country. Firstly, a large foreign banking existence could mean that information available to host country supervisors can be reduced and the decision-making and risk management shifts to the parent bank. The delisting of the equity of local partner on the local exchange removes an important source of market intelligence for the foreign bank. In addition, if the integrated firmsâ‚ ¬Ã¢â€ž ¢ equities are delisted in the local market, host country controllers can also lose access to key foreign bank decision-makers. Secondly, a country might be more exposed to shocks due to foreign banks presence. External events which affect the parent bank will affect the branches or subsidiaries. The factors that determine exposure to such external shocks, whether it is greater with onshore foreign banking as compared to traditional cross-border bank lending, and the propositions for regulatory and supervisory policy also demand further investigation. Lastly Accounting Standards could also be a problem for foreign banks unlike the domestic banks which have clear set of accounting standards set within its organization. There is a need for transparent and reliable accounting and financial reporting but for foreign banks; usually parent banks and their foreign subsidiaries often have different accounting standards, which can lead to discrepant financial balances, even when they are based on the same financial information. This might lead to complexity in comparison between international financial statements which could raise doubt in the reliability of banks financial statements. Differences may occur in different tax treatment, deferred taxes, valuation and accounting of repos, amortization of goodwill, treatment of past due loans and from provision and inflationary accounting adjustments. Moreno and Villar (2005) Comparative Study of the Banks in Nepal Comparative Study of the Banks in Nepal A well-structured financial sector is of special importance for the economic growth in both developed and developing countries. The commercial banking sector should be well organized and efficient for the growth of an emerging economy. Commercial Banks which forms one of the backbones of the financial sector are the intermediary link in facilitating the flow of funds from the savers to investors. By providing a means of mobilizing domestic savings and proficiently channeling them into productive investments, they lower the cost of capital to investors and accelerate the economic growth of a nation. No underdeveloped country can well progress without setting up a sound system of commercial banking system.  [1]   Nepal is an agrarian based economy with a GDP of $ 33.26 billion  [5]  . Nepalese banking industry has considerable changes over past decades because of liberalization, deregulation, improving information technology and globalization. The financial sector liberalization resulted in the entry of new firms in the market, which also added more pressure on competitiveness of individual banks; deregulation widened the scope of activities and expanded the banking activities; advancement in technology resulted into new methods to perform banking activities. Furthermore, the banks, these days, are entering into non-banking markets while other financial institutions are entering into the banking markets that have conventionally been served by the banks. These changes have altered the structure and market behavior of Nepalese banking industry. Currently there are 26 commercial banks out of which 6 are joint venture banks, 63 development banks and 77 financial institutions in Nepal. At present there is only one international bank operating in Nepal which is Standard Chartered Bank Limited. It started operation in Nepal since 1987 as a joint-venture operation and today it is a part of Standard Chartered Group having an ownership of 75% in the company and 25% shares owned by the Nepalese public. Nepal after its commitment to the World Trade Organization (WTO) during its accession in 2004, has allowed foreign banks to make their foray in Nepal to do only wholesale banking  from Jan. 1, 2010. Initially before the agreement with WTO (GATS), the Central Bank regulation allowed foreign shareholders to acquire maximum of 51% shares. Later the regulation changed which allowed foreign ownership of 75% and the recent regulation of 2010 allows 100% foreign ownership (i.e. allows a local entity to be a branch of a foreign company) in the banking industry. Entering of foreign firms is likely to generate benefits to financial sector as well as the economy as a whole (Chau HB, 2003). The effects can be seen mainly through an increase in efficiency and technological advancements as mentioned above. Over the past decade, the Nepalese banking industry has been doing well and has a number of new firms entering into the market. However, there is only one foreign bank and 6 joint-venture banks in the banking sector, though the government has liberalized the financial sector and allowed foreign banks to have 100% foreign ownership. With limited number of foreign banks in Nepal, it is still unclear whether entering of foreign banks, including joint venture, helps to improve overall performance of banking sector as well as to spillover some benefit to domestic banks in Nepal. Objectives To answer the key question above, there are two objectives of the research paper: To measure and analyze the performance of three types of banks namely domestic bank, joint-venture bank, and foreign bank and to explain the variation in performances of these banks. To identify whether the entry of foreign banks, including joint venture, banks would be beneficial for domestic banks which still dominate the financial market in Nepal. 1.3. Scope and limitations of the Study This study will only focus on three types of banks, i.e. domestic bank, joint-venture bank, and foreign bank, and it will offer an insight on the advantages of foreign banks in Nepal. Furthermore it will provide the reasons pertaining to variations in performance of the banks. The main limitation in this study is that there is only one foreign bank in Nepal till date, so the interpretation of the performance of the foreign bank in Nepal could be restricted to some degree. 1.4. Research Methodology This section develops research methodology to reach the objectives of the study. The banking sector in Nepal will be divided into three groups, namely foreign owned banks; joint-venture banks, and domestic banks. For this research, foreign-owned banks will be classified as those which have started a branch or subsidiary in the host country where the share of foreign bank ranges from 51% to 100% while joint venture banks will be classified as those in which foreign investors own the total equity of 50% or less and domestics banks are those which are purely owned by the Nepalese. The foreign owned banks are separated from joint-venture banks in this study because these two types of banks tend to have different operational management, resulting in their different performance. The research methodology is composed of both quantitative and qualitative analysis. First, the qualitative approach is applied to examine the structure and development of financial sector in Nepal during 2000-2010. The financial policy, especially competition-restriction regulation in Nepalese banking sector is also reviewed, mainly through official documents from central bank and international organization. Then the quantitative approach is developed to measure the performance and efficiency of banking sectors in Nepal. This is done by conducting various financial indicators of three types of banks in Nepal namely foreign bank, joint venture banks and domestic banks. Comparison of the indicators among these three types of banks over the past decades will provide the clear analysis of different performance between foreign-owned and domestic banks. The indicators can be grouped into four aspects, namely profitability; operational costs; staff productivity; risk prevention. Profitability à ¯Ã¢â‚¬Å¡Ã‚ ·Profit Margin (Net Profit/Total Income) Profit margin is very useful when comparing  companies in similar industries. A higher profit margin indicates a more profitable company that  has better control over  its costs compared to  its competitors. Profit margin is  displayed as a percentage; a 20% profit margin, for example, means the company has a net income of $0.20 for each dollar of sales. Profitability à ¯Ã¢â‚¬Å¡Ã‚ · Return on Asset (Net Profit/Total asset) ROA figure gives investors an idea  of how effectively the company is converting the money  it has  to invest into net income. The higher the ROA number, the better, because the company is earning more money on less investment. For example, if one company has a net income of $1 million  and total  assets of $5 million, its ROA is 20%; however, if another company earns the same amount but has total assets of $10 million,  it has  an ROA of 10%. Based on this example, the first company  is better at converting its investment into profit. Profitability à ¯Ã¢â‚¬Å¡Ã‚ ·Ã‚  Return On Equity (Net Profit/Equity) The amount of net income  returned  as a percentage  of shareholders equity.  Return on equity  measures a corporations profitability  by revealing how much  profit a company generates  with the money shareholders have invested.  Ã‚  Higher The ROE better the company. Profitability à ¯Ã¢â‚¬Å¡Ã‚ · Interest Rate Spread (Interest Earning Ratio-Interest Expense Ratio) The difference between the average yields a financial institution receives from loans and other interest-accruing activities and the average rate it pays on deposits and borrowings. The greater the spread, the more profitable the financial institution is likely to be; the lower the spread, the less profitable the institution is likely to be. Risk prevention Risk Prevention à ¯Ã¢â‚¬Å¡Ã‚ ·Capital to Risk Weighted Assets (CRAR) Total Capital/ (RWAs) This ratio is used to protect depositors and promote the stability and efficiency of financial systems around the world. à ¯Ã¢â‚¬Å¡Ã‚ ·Core CRAR = Tier I Capital / RWAs Tier one capital is that which can absorb losses without a bank being required to cease trading. This measures the capital standard of the bank à ¯Ã¢â‚¬Å¡Ã‚ ·Adjusted CRAR = (Total Capital Net NPAs)/(RWAs Net NPAs) This relates to the bankâ‚ ¬Ã¢â€ž ¢s ability to sustain the losses due to risk exposures is the bankâ‚ ¬Ã¢â€ž ¢s capital. The intermediation activity exposes the bank to a variety of risks. Staff productivity Staff Productivity à ¯Ã¢â‚¬Å¡Ã‚ ·Profit per employee (Net Profit/ No. of Employee) This helps to measure how productive the employees are in the bank by calculating profit generated by every employee. Higher the figure better for the company. à ¯Ã¢â‚¬Å¡Ã‚ ·Net Income per employee (Net Total Income/ Number of Employees) This also helps to measure income generated by every employee in the company Operational costs Overhead Expense à ¯Ã¢â‚¬Å¡Ã‚ · Overhead expense/total income The accurate accounting and allocation of over-head expenses are very important factors in calculating the true cost of the company Operating Expense Ratio à ¯Ã¢â‚¬Å¡Ã‚ · Operating Expense/ Net Income The Operating Expense Ratio is usually viewed as a measurement of management efficiency.   This is because management usually has greater control over operating expenses than they do over revenues. In addition to analyzing different performance between foreign-owned and domestic banks, this study further analyze whether entering of foreign banks helps to improve efficiency of domestic bank. This is done by (1) Structured interviews with managers of central bank and commercial banks. Specifically, the interview will provide detailed analysis on which factors do help to improve performance of domestic banking sector in Nepal; could foreign-owned banks influence performance of domestic banks; and which channels do foreign-owned banks influence domestic banks, and (2) by â‚ ¬Ã…“Granger causality testâ‚ ¬? between domestic bank performance and foreign bank performance. This will be done on profitability, staff productivity and operational costs. 1.5. Organization of the study There will be five chapters in the study. Chapter 1 provides introduction, objective, scope and limitation, and methodology of the study. Chapter 2 reviews relevant theoretical and empirical literature on foreign bank penetration and domestic bank performance in both developed and developing countries to lay the groundwork for developing analytical framework and methodology in examining the impacts of foreign bank penetration on domestic bank performance in Nepal. Chapter 3 examines the structure and development of financial sector in Nepal as well as financial policy over the past decades. The results of banking performance are shown in this chapter. Chapter 4 discusses the impacts of foreign banks to domestic banks, both qualitative and quantitative. Chapter 5 provides conclusion and policy inferences. Chapter 2 Literature Review This section reviews relevant theoretical and empirical literature on foreign bank penetration and domestic bank performance in both developed and developing countries. This is done in order to lay the groundwork for developing analytical framework and methodology in examining the impacts of foreign bank penetration on domestic bank performance in Nepal. Penetration of foreign bank can come in different forms, such as branch offices, subsidiaries, joint ventures, or strategic partnerships. Branch offices, for instance, are an integral part of the parent company, that is, they have no capital of their own. Subsidiaries, however, are their own corporate entities, which are fully owned by the parent company. Similarly, joint ventures are separate corporate entities owned jointly by more than one parent company. Finally, foreign banks may establish a strategic partnership by buying a majority stake of an already existing domestic bank. Weller Scher (1999) The main difference between the various operational forms of foreign banks is their regulatory treatment. The regulatory treatment of the banks differs amongst domestic banks, joint-venture banks and foreign owned banks. Although there are different forms of foreign bank penetration, foreign owned banks are defined as those in which foreign investors own more than 50% of the total equity. Okuda and Rungsomboon, (2004). Decree on Foreign Banks, Phillip Fox 2006, distinguished foreign banks as Foreign Bank Branches (FBB), Foreign Invested Banks (FIB) and Joint Venture Banks (JVB). FBB is a dependent subsidiary of a foreign bank, for which the foreign bank has provided written guarantee that it will be responsible for all obligations and undertakings under FBB. A 100% FIB is established as a separate legal entity with capital being contributed from only foreign entities. Amongst the foreign investors, there must be a â‚ ¬Ã…“parent bankâ‚ ¬? and it must hold more than 50% charter capital. A JVB is established as a separate legal entity, with capital being contributed from one or more foreign banks and domestic banks. Capital is not divided into shares. In JVBs, the capital contribution rate by the foreign bank(s) is capped at 50% of the capital of the bank. The regulations and supervision of financial sector in a host country are crucial in affecting the penetration of foreign banks. Over the past decade, most of the banks throughout the world have started standardizing their policies relating to financial sector according to Basel committee (Basel II Basel III)  [7]   Although Basel system has been introduced and regulations and supervision of banking sectors began to be standardized, regulations relating to competition within the banking sector, which influence the penetration of foreign bank and market structure of banking sector, vary significantly across countries and regions. According to Barth, Caprio and Levin (2001), there are three key aspects of the regulations relating to competition within the banking sector, namely 1) Limitations on Foreign Ownership of Domestic Banks determine (whether there are any limitations placed on the ownership of domestic banks by foreign banks); (2) Limitations on Foreign Bank Entry determine (whether there are any limitations placed on the ability of foreign banks to enter the domestic banking industry) and (3) Entry into Banking Requirement determine (whether there are specific legal submissions required to obtain a license to operate as a bank). The restrictions on overall bank activities and ownership vary from country to country. The research on Regulation and Supervision of Banks around the World by Barth, Caprio and Levine (2001) mentions that there are two measures of the size of a countryâ‚ ¬Ã¢â€ž ¢s banking industry. First measure is total bank assets as a percentage of GDP and the other is the number of banks per 100.000 people. . Both these measures show substantial variation across countries. Countries like Germany, Switzerland, Netherlands, and United Kingdom have very high total bank assets as a percentage of GDP whereas United States and Asian countries are much lower. However the number of banks per 100,000 people is not much different in the countries mentioned above. The table clearly shows that the countries in ASEAN region have higher restrictions on banking activities and ownership in comparison to countries like New Zealand and United States. The regulations are different in each country and do not match even if the countries are in the same region. But Professional supervision per bank is lower in developed countries like United States, New Zealand, United Kingdom whereas developing counties have higher no. of supervision per bank. According to the research the highest restrictions on overall bank activities and ownership are imposed by countries like Bhutan, Cambodia, China, Indonesia, Vietnam and lowest restrictions by New Zealand then Germany, Austria and United Kingdom. In countries like New Zealand and United states the government ownership of banks is zero percent whereas India, Bangladesh has very high percent of government-owned banks. Although the regulations on banking competition vary, over the last decades, restrictions on foreign bank penetration have been relaxed as part of financial reform and foreign bank penetration increased substantially in many countries. This could be because the host country expects the positive impacts of increased foreign bank penetration in the host countryâ‚ ¬Ã¢â€ž ¢s banking system. Trade agreements have also played a major role in liberalization of market entry for foreign banks as financial services are required for international trade, production and investments. Governments usually support flow of foreign investment and this has been evident especially after various financial crises. Many countries in Southeast Asia started liberalizing foreign investment after the Asian financial crisis. The Asian crisis appeared to have catalyzed the liberalization of FDI restrictions in the banking sector across several ASEAN countries. Chau H.B (2003) A number of empirical studies analyze the impacts of foreign bank entry on domestic financial sector in a host country. The impacts can be grouped into three aspects. Firstly, foreign banks promote efficiency (competition and new technology) in domestic financial sector. A larger foreign bank presence can improve the competitiveness of the banking sector. Greater competition is advantageous for many reasons: to enhance the efficiency of financial services; to stimulate innovation; and to contribute to stability. It can also widen access of qualified borrowers to financing, which may increase aggregate lending and so enhance growth. A competitive and well-organized banking system can also improve the effectiveness of monetary policy transmission by tightening the link between policy rates and deposit/lending rates. (BIS paper No. 23) Foreign banks also help in availability of funds and acquisition of consumer-marketing skills. Chau (2003) In addition, foreign bank entry introduces new technology; financial services and advanced management skills, which existing domestic banks lack. The new technology and skills introduced by foreign banks include new financial products, advanced IT technology, and sophisticated bank management techniques. These are expected to contribute to lower operational expenses, amplified profitability, and better bank risk management. Forced by market competition, domestic banks may emulate the new financial products and management skills. Okuda Rungsomboon (2004). The presence of foreign bank also improves the corporate governance structure of the domestic banks. This includes breaking down the family-controlled structure and improving the decision making process. Chau H.B (2003) Unite and Sullivan (2001) has found that increase in foreign bank entry narrows the interest rate spreads and also reduces operating expenses. Foreign banks induces domestic banks to be more efficient, the increased competition forces domestic banks to take in less creditworthy customers and foreign participation induces domestic banks to spend more on improving their operations. However, Okuda Rungsomboon (2004) found that the entry of foreign banks is expected to negatively affect the operations of domestic banks but overall performance is likely to progress in the long run. Secondly, the entry of foreign banks is associated with reallocation of loans. Findings suggest that foreign banks improves credit access for many credit-worthy firms but some firms with positive net present value without opaque information will have difficulty obtaining loans. More developed countries, such as the U.S., Japan, and those in the European community, argue that Less Developed countries should allow foreign banks to enter into their economies. By increasing competition, foreign bank entry may boost the supply of credit and improve efficiency. Gormley (2006) Foreign banks are comparatively less likely to lend to â‚ ¬Ã…“soft informationâ‚ ¬? firms, and more likely to lend to â‚ ¬Ã…“hard informationâ‚ ¬? firms. â‚ ¬Ã…“Soft informationâ‚ ¬? refers to information that cannot be easily publicly verified by a third party. â‚ ¬Ã…“Hard informationâ‚ ¬? on the other hand refers to credible and publicly verifiable information, such as a foreign firmâ‚ ¬Ã¢â€ž ¢s authentically audited balance sheets, or government guarantees. Mian(2003.) The loan portfolio of foreign banks consists of only credible clients which mean that the chances of default are very less. The domestic banks will be compelled to give loans to non-credible clients because the credible clients will be mostly handled by foreign banks. This will have greater chances of loan defaults for domestic banks. Thirdly, foreign banks are geographically spread relative to domestic banks; therefore they are less affected by adverse shocks in the domestic country. Both foreign and private domestic banks have similar low probabilities of being assisted by the government in times of difficulty but foreign banks are considerably more likely of being bailed out by their parent bank. For example, if the local subsidiary in a developing country of a foreign bank runs into trouble, it may get an injection of new capital from its parent bank to bail it out. This access to liquidity directs to a lesser deposit cost for foreign banks. Furthermore, foreign banks have access to advanced technology, outside resources and expertise which facilitates them in providing better service than the domestic banks. However, there might be some drawbacks that make the foreign banks perform worse than domestic banks in the host country. Firstly, a large foreign banking existence could mean that information available to host country supervisors can be reduced and the decision-making and risk management shifts to the parent bank. The delisting of the equity of local partner on the local exchange removes an important source of market intelligence for the foreign bank. In addition, if the integrated firmsâ‚ ¬Ã¢â€ž ¢ equities are delisted in the local market, host country controllers can also lose access to key foreign bank decision-makers. Secondly, a country might be more exposed to shocks due to foreign banks presence. External events which affect the parent bank will affect the branches or subsidiaries. The factors that determine exposure to such external shocks, whether it is greater with onshore foreign banking as compared to traditional cross-border bank lending, and the propositions for regulatory and supervisory policy also demand further investigation. Lastly Accounting Standards could also be a problem for foreign banks unlike the domestic banks which have clear set of accounting standards set within its organization. There is a need for transparent and reliable accounting and financial reporting but for foreign banks; usually parent banks and their foreign subsidiaries often have different accounting standards, which can lead to discrepant financial balances, even when they are based on the same financial information. This might lead to complexity in comparison between international financial statements which could raise doubt in the reliability of banks financial statements. Differences may occur in different tax treatment, deferred taxes, valuation and accounting of repos, amortization of goodwill, treatment of past due loans and from provision and inflationary accounting adjustments. Moreno and Villar (2005)