Thursday, December 12, 2019
Principles of Scientific Management in Modern Times-myassignmenthelp
Question: Write about thePrinciples of Scientific Management in Modern Times. Answer: It is a well known fact that Frederick was hired by Henry Ford of the Ford Motor Company and by implementing the principles of scientific management given by Winslow, Henry was able to mass-produce his cars at affordable prices(Foundation). Frederick Winslow Taylor was an American born in 1856. He was one of the first mechanical engineers who experimented throughout his working life to improve inefficiencies in a business organization. Frederick Taylor was the most influential management guru of the early 20th century(Schumpeter, 2015). In the year 1911, he wrote a book discussing about the work environment in a company, the drawbacks and limitations, and how these could be eliminated. This book was called as "The Principles of Scientific Management". In his book, he wrote in detail about how a business could be better run by removing the inefficiencies in its functioning and he came up with several guidelines or principles that can be followed by any organization to perform better. Following are discussed some of the principles Winslow wrote about in his book. These will help in understanding better if these principles are useful in the modern times as there has been a vast and rapid change in the technological advances. Instead of following any rules of thumb, business organizations need to take a more scientific approach in their day to day working, by determining the most efficient, effective and speedy ways to complete even the smallest of tasks. Rule of Thumb means decisions taken by manager as per their personal judgments(R). This holds true in the modern day times of advanced technologies as well. By following a scientific approach, one can get maximum output with minimum input. A perfect example of this principle can be seen in the biggest fast food chain on the planet known as McDonalds. No matter which country one visits, every McDonalds has the same method of preparing food and serving customers. All the McDonalds store throughout the world undertake any simple task like mopping and cleaning the same way (one best way)(Jain, 2016). Therefore, getting rid of the rule of thumb and using a scientific way of completing even the simplest of tasks. So, instead of the workers just throwing in a few slices of tomatoes or cheese to make a burger, there is a certain set of instructions that the employee has to follow and repeat it as many times as required in order to make the burger. The second principle given by Winslow was that work should be assigned to laborers on the basis of capability instead of randomly assigning tasks to individuals. The organization should select, train, teach and develop(Lupa, 2010). It is given that when tasks are assigned on the basis of a worker's ability, he or she will be able to perform the given tasks more efficiently as compared to someone who is either not motivated enough or not capable enough to complete a given task in the given time. McDonalds has been able to accomplish this in the McDonalds Home Office Campus in Oak Brook with a faculty of 30 resident professors where management training, operations developments, equipment familiarity practices and interpersonal skills courses are offered to workers(Markadrianus, 2014). McDonalds also provides motivation to employees by encouraging them to work harder, have more sales and better customer services. Every month, an Employee of the Month is selected which creates a healthy competitive environment within the organization. Although, some people argue that this principle is not valid in modern times. They argue that in todays world, people are not just motivated by the economic benefit of being efficient in their workplace as opposed to the workforce which worked working solely for economic reward(Priestley, 2005). The third principle of Winslow's scientific management involved proper monitoring of the employees as well as timely inspection and supervision. The third principle involved the managers developing formal working relations through establishing teamwork(Essays, 2013). Most business organizations today indulge themselves in proper follow up of their employees. Some even go ahead and have policies that allow the employers to carry out timely inspection of the employees laptops, computers or workstations. The fourth and the last principle involved equal division of work amongst the labor workforce as well as between the managers and the laborers. This allows the managers to manage their time schedules better and the workforce to be more efficient. If employers have more efficient workers, profit margins increase(Lupa, 2010). This principle was implemented by a number of businesses worldwide and almost all the organizations who put this principle to use reported greater efficiencies and outputs by up to three times. A well known example would be Dominos Pizza. Work is equally divided between workers attending customers, those involved in chopping vegetables and preparation of food items, cleaning and maintenance of the pizzeria and delivery guys. All of this is done under the supervision of managerial staff. This principle is also found being implemented in many other food outlets such as Starbucks, Pizza, Subway and KFC amongst others. The above mentioned are the four main principles that were tried and tested by Winslow. He indulged himself in a number of time based experiments and concluded the above principles. To sum it all up, Winslows four main principles of scientific management can be summarized by saying that he believed in breaking bigger tasks down into smaller ones, supervise and train the employees, keep a check on how much they work in a given period of time and motivate them by linking the amount of work they put in with their paychecks and obviously, paying more to people who perform better. In modern times, with the advances in technology and artificial intelligence, the work of humans is more of supervision nature instead of actual labor. Even so, most of the scientific management principles given by Frederick Winslow still hold true. Many organizations till date have based their business models on these principles and they continue to reap great benefits. Not only are these businesses raking in e xtreme profits but they are also able to provide their customers with better quality products at affordable or at least comparatively cheaper prices. In conclusion, it can be seen that Scientific Management is still very much a part of any organization in the 21st Century(Priestley, 2005). References Essays, U. (2013, november). Taylor's Scientific Management and its Influence on Modern day. Retrieved august 19, 2017, from UK Essays: https://www.ukessays.com/essays/management/taylors-scientific-management-law-essays.php Foundation, T. S. Scientific Management Theory and the Ford Motor Company. Jain, H. (2016, January 23). Liverpool, London. Lupa. (2010, october 23). F. W. Taylors Scientific Management Theory in Modern Day Workplace. Retrieved august 19, 2017, from Lupa4eve's Blog: https://lupa4eve.wordpress.com/2010/10/23/f-w-taylors-scientific-management-theory-in-modern-day-workplace/ Markadrianus, M. (2014, may 6). Scientific Management of McDonalds. Retrieved August 19, 2017, from michaelmarkadrianus : https://michaelmarkadrianus.wordpress.com/2014/05/06/scientific-management-of-mcdonalds/ Priestley, S. (2005, november 5). Scientific Management in 21st Century. Retrieved august 19, 2017, from Article City: https://www.articlecity.com/articles/business_and_finance/article_4161.shtml R, K. (n.d.). 5 Principles of Scientific Management: Propounded by Taylor. Retrieved august 18, 2017, from Business Management Ideas: https://www.businessmanagementideas.com/management/5-principles-of-scientific-management-propounded-by-taylor/2294 Schumpeter. (2015, september 10). Digital Taylorism. Retrieved august 19, 2017, from The Economist: https://www.economist.com/news/business/21664190-modern-version-scientific-management-threatens-dehumanise-workplace-digital
Wednesday, December 4, 2019
Social Recognition of the Human Individual Essay Example For Students
Social Recognition of the Human Individual Essay As a child develops from infancy to adulthood, it soaks up its environment and processes it like a biological computer. As it matures, so does the way it copes with the challenges life presents to him. If the child has the opportunity to be well educated, than he may learn from his history studies, and begin to recognize the different patterns of thought that society has gone through. Perhaps he will learn from these patterns and make an effort to use his knowledge to prevent making many of the same mistakes in his daily life that men have made before. If he studies medieval Europe, he may become skeptical of his own faith. Resulting in his search for a new religion that he can believe in, rather than continue to blindly participate as a member of the faith his parents had chosen for him. If he were to study Imperialism in Europe, than perhaps he would join an athletic team. He would form strong bonds with those within the team, but hopefully he could learn from Europes mistaken extreme nationalism and sees that the best thing he can do for his team is remain an individual, not conform to some unwritten code. He would see that it is best to create ones own identity within a group. Perhaps he has read Erich Fromm, and sees that he must recognize himself as a separate entity apart from the world around himself. He individuates. The development of this boy into an individual is exactly what Sigmund Freud would describe as a healthy development toward the formation a personal identity. It is the interactions that take place between a developing individual (the boy) and the society in which that individual lives in which we find the essence of human existence. Man has under gone hundreds of years of dialectic thought, shifting paradigms and intellectual synthesis. Only to have the culmination of human progress come down to Sigmund Freuds recognition of the individual, (with individual thoughts, emotions, morals and experiences) create a singularity through which all future perception must travel through. To get a sense of what type of society Freud changed forever, one must first examine the society from the last major paradigm before Freud, as to understand the societys influences and biases. In 1789 the fruits of the Enlightened Age were ripe and the conditions in France were right for an explosion of enlightened ideals that would define the western world for the next two centuries. Liberty, Equality and Fraternity began as the cries of the French Revolution, but would go on to mold western society into its present day form. It was Napoleon who took the fruits of the revolution and planted them in the minds of people across Europe as he conquered eastward. Despite his failure to conquer Russia and his eventual defeat, the Napoleonic Wars are the most successful and influential campaigns in western history. Napoleon institutionalized l,e,f via his Napoleonic Code. Imagine the concepts of the revolution as fruit, and France as the original orchard where the fruit was bred over hundred of years into the perfect crop. Now picture Napoleon as this great farmer who plants the seeds of this fruit across the European landscape. The stage is now set for these seeds to fructify into the paradigm of the next era of western civilization. Throughout the 1800s each one of these concepts matured and ripened in the Industrial Revolution which acted as the fertilizer and the soil as it provided the nutrients in the form of the technology, class antagonism, as well as a modern insecurity of insignificance. Liberty became the most economical of the three fruitful ideals of the revolution. It was the emerging Bourgeois who first embraced it. They were an upper-middle class that was the product of the industrial revolution and its factory systems. These were the factory owners who sought nothing more than personal economical gain. Due to the restrictive economies of the early 1800s, they were vocal supporters of the British Economist Adam Smith, most notably his ideas concerning laissez-faire, or a free trade economy without government interference. This enterprising and educated class blended Smiths free trade with Napoleons liberty to form classical liberalism. The European paradigm was changed forever by this fruit, as religion, legitimacy, and DRAM was pushed aside by classical liberal reform movements in order to make way for the new economically driven society. The rise of liberalism was a movement to allow the factory owners to gain political power without granting power to the lower eighty percent of the population, much of which the Bourgeois were trying to exploit as cheap labor at that time. As the century progresses, social reforms allow more and more people to vote, thereby expanding the socio-economic classes that were represented in the governing bodies of Europe. Artificial Intelligence once something that people EssayMany of Freuds works were read all over the world, yet they still became a favorite kindling within the Third Reich. Publicly the Nazis condemned all of Freuds work as fictitious manifestations and lies of a Jewish fool. Behind closed doors some of the Nazi ruling elite understood that if Freuds work was ever studied by a large portion of the population, than the German people might lose its faith in the Nazi party as they would realize the sadomasochistic escape from freedom that was taking place. Freuds works allows for us to truly understand the rise of the Third Reich. Without the Freudian understanding of human behavior, we probably would simply dismiss the European shift towards authoritative Fascist powers as a longing to return to Imperialism, which is a simplistic explanation that does not begin to fully grasp the historical viscera of the time period. This new Freudian synthesis analyzed mans history in a profoundly new way. The greatest psychoanalytical sociologist of the 20th century is a man who Freud had a profound effect upon, which is a testament to the massive relevance of Freuds contributions to Western society. That man was a German by the name of Erich Fromm. If one considers Freuds findings as a cause, than the synthesis Fromm published in his books is the resulting effect. Fromms publications are epitomized by the convergence of a Marxist understanding of society and a Freudian psychoanalytical emphasis upon desires, insecurities and repression. In Fromms Escape from Freedom (1941) he explains mans tendencies to escape from freedom; He explains how over the last 500 years the idea of the individual, with individual thoughts, feelings, moral conscience, freedom and responsibility has come about. With our newfound individuality came feelings of loneliness and isolation. Therefore, whenever we can, we tend to run from our freedom to sources of security and false identity. Despite all of the human progression over the last half millennium, man still fears isolation from which he desires freedom. Fromm also explains in his books the ideas of determinism, may it be biological determinism (Freudian) or socio-economic determinism (Marxist). Once again it is the perfectly complimenting ideologies of Freud and Marx that Fromm uses harmoniously to explain the history of human development, from which present society learns. Freudian ideologies are slowly woven into the social fabric more and more as man expands his understanding of himself. The specialized profession Freud created, psychology, has assumed the role in modern western society as almost an oracle where men seek answers to there biggest problems (and due to the mentally exhausting modern infrastructure it is usually mental). If a man is seriously troubled or confused then he goes to his psychoanalyst for answers which proves that contemporary society not only utilizes Freudian ideologies, but after each session with his doctor that individual will take what he has learned and apply it to the world around himself. Therapy is an example of just one means of integration of Freud into the contemporary paradigm. If you look closely at our cultural arts the are Freudian influences all over. Contemporary actors study the psychological make up of their characters. He wants to know the why behind every one of his actions, and in order to give the best possible performance; he attempts to portray his character with conflicts on many different levels. He makes the characters desires and insecurities his own as so he can truly become that character. Now if Freud saw the way contemporary actors prepare their roles, he would argue that they were trying to put on a mask to show the world because they were too insecure of their own identity. They would be fulfilling deeply hidden desires from their childhood to escape reality somehow, in order to be someone else because they did not want to individuate, or separate themselves from their characters. American sociologist Philip Reiss once explained the self-image of the 20th century was that of the psychological man. Arguments can be made for the economic or even political man, but I believe that in every decade throughout the 20th century the emergence of the individual and the self-discovery of mans mental capacity has been a central and under lying theme. Of course the pivotal cause of this effect is when psychoanalysis was first created and employed correctly. Psychoanalysis was the first proven scientific method that could be utilized by scientists for factual and accurate experimentation and documentation in probing the human unconscious, conscious and perception of reality. Freud truly was a prism as his entire career was devoted to taking a solid ray of white light, representing the social fabric, and splitting it up into a diverse array of colors. He focuses upon the study of the individual colors that made up the solid ray of light, rather than the white ray itself.
Thursday, November 28, 2019
Strategic Management Plan
Introduction Strategic management plan finds use in promoting strategic leadership as well as in strategic planning to ensure that the business processes of an organization are in line with goals (Probst, Raub, Romhardt 1999). Strategic plan should reflect the goals and vision that the organization aspires to accomplish within a given period of time. It entails the principles of management that enables the organization to govern its decisions and actions.Advertising We will write a custom report sample on Strategic Management Plan specifically for you for only $16.05 $11/page Learn More It enables an organization to focus its energy on achieving common goals as well as in evaluating and adjusting its operations to be able to respond to the changing environment. It enables organizations to formulate effective means of responding to the hostile environmental conditions by developing consciously responsive ways to the dynamics in the environment (Chen, Ham brick, Nag, 2007). Greenwood Nurseryââ¬â¢s primary objective is to promote the growth of new wood as well as to maintain healthy fruit formation. Strategic management planning is therefore very important to Greenwood Nursery in ensuring that it maintains sustainability in its environmental operations as well as in ensuring that the communities that it serves are provided with plant species which are able to successfully thrive in the specific environments despite the environmental dynamics. Greenwood Nursery also needs strategic management plan to develop appropriate cost-cutting measures in its operations and in ensuring strategic leadership in the organization as well as environmental leadership in the community that it serves. Strategic Management Process Environmental Analysis Once an organization has reviewed its objectives, it starts from its current situation to work out a strategic plan that would enable it achieve its objectives. An environmental analysis is done to ide ntify the opportunities available to an organization to enable it meet the set objectives (Davidow, Uttal, 1990). The organization has to understand its own capabilities as well as limitations. This would enable the organization choose opportunities which can help it achieve greater success. The organization also has to analyze its external environment which includes the macro-environment that affects all organizations, and the micro-environment which include all those factors which affect organizations in particulars sector. The macro-environment in this case may include technological, social, economic, as well as political factors. Micro-environment analysis should be very specific to the factors which affect the organization. These factors may include the operational efficiency and capacity of the organization, the organizational structure and image, the organizationââ¬â¢s access and utilization of natural resources, financial resources, as well as the key staff among many ot her factors (Heskett, 1986).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Strategy Formulation Once the analysis has been done to identify the environmental forces affecting the organization, it now embarks on developing specific strategic alternatives which can be applied to ensure that the organization meets its objectives and mission (Ohmae, 1982). Implementation The organization has to decode the complex and abstract terms developed during the strategy formulation process into very detailed policies which can be understood by every individual in the organization at every functional level of the organization. This would help place more emphasis on any practical issues which might not have been understood well at a higher functional level. Implementation requires that the strategy be developed into specific strategies for each functional unit in the organization. This phase also invol ves the identification of the required resources as well as adopting the necessary changes in the organization. This stage involves distributing resources, designing the structure of the organization, managing the organizationââ¬â¢s human resources as well as developing the organizationââ¬â¢s decision making process. The implementation process involves putting in place benchmarks against which the organization can be measured (Lamb, 1984). Evaluation After the implementation, the organizationââ¬â¢s processes have to be measured and evaluated to determine the extent of objective achievements. The internal and external factors have to be evaluated so as to obtain facts which are used to consider possible corrective measures. The process should determine the organizationââ¬â¢s suitability, acceptability as well as feasibility (Lamb, 1984). Greenwood Nursery: Strategic Management Plan Mission Greenwood Nurseryââ¬â¢s mission is to conserve the environment and to enhance th e communityââ¬â¢s capacity to improve the quality of the environment. Core Functions The core functions of Greenwood Nursery are conservation and stewardship by providing plants species which protect and add aesthetic value to the environment and by enhancing the communityââ¬â¢s capacity to ensure environment sustainability. The other core functions include research, analysis as well as information management to enable the organization provide technical services to its customers.Advertising We will write a custom report sample on Strategic Management Plan specifically for you for only $16.05 $11/page Learn More Vision Greenwood Nurseryââ¬â¢s vision is to enhance the communityââ¬â¢s capacity to improve the quality of their environment and to add aesthetic value to their environment. Assessment An analysis to determine the organizationââ¬â¢s performance was done in December 2010 and the compilation of the analysis was as follows. Strengths The demand for the organizationââ¬â¢s products and plant species continues to rise as the organization maintains workers motivation to perform their duties perfectly. The reputation of the organization has also improved and most customers from the community tend to prefer the organizationââ¬â¢s services to other organizations. Weaknesses The organization only relies on the internet to market its products and services and also put less effort in ensuring customers and the community involvement. Opportunities It is important that the organization adopts a leadership style that is more customer-oriented which would ensure customers and community involvement. It is also important to develop a more comprehensive marketing strategy that involves the use of traditional and modern communication channels. The marketing strategy should also involve measures that focus more emphasis on the customersââ¬â¢ perception and capacity development. Threats The major threat on the organization ââ¬â¢s operations is inadequate time to follow up community capacity development in ensuring sustainable environment. Goals Goal 1: To increase the diversity of plants species in the organizationââ¬â¢s nursery and garden.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The organization will carry out research to find more plant species which are appealing to its customers and can easily adapt to the environmental conditions of the region. The organization will also research on the impacts of such new plant species on the environment including their invasive influence on the plant diversity in the organizationââ¬â¢s garden and in the surrounding region. Goal 2: To take a leadership role in developing consistent as well as dynamic working relationships with the members of the community. In order to achieve this goal, the organization intends to put in place several measures aimed at positive environmental relationship with the community members who are the Greenwood Nurseryââ¬â¢s customers. The organization would create a department to offer consultation services to its customers on the maintenance and development processes of the various plant species available in the organizationââ¬â¢s garden. The organizations will also provide outreach education services to the surrounding community to enable them understand the environmental sustainability and how to achieve and maintain environmental quality. In order to achieve positive relationship that would also market the organizationââ¬â¢s plant nursery and gardens as well as its services, the organization will also foster relationships with its customers by offering critical health and safety matters associated with the plants. Goal 3: To enhance the organizationââ¬â¢s workers empowerment through retraining and knowledge development. The organization acknowledges the significance of the human resource in achieving quality services to customers as well as healthy plants. The organization will involve workers in mandatory training programs to enable them better understand the maintenance of the plant species. This would make them more efficient and effective in the organizationââ¬â¢s operations and enable them provide quality services to customers. This would enabl e the organization develop guidance procedures on how to treat every plant during the plant growth and development. This will be supplied to each customer who buys any plant. Goal 4: to enhance the customerââ¬â¢s decision making process through improved communication. The organization will adopt an integrated marketing communication by investing in other traditional channels of communication like TV stations and newspapers to advertise its services. Promotional campaigns will be implemented to ensure that the organizationââ¬â¢s reputation reaches the whole nation. Conclusion Strategic management has to be adopted and made specific to every functional unit of an organization. Each unit in the organization should also have specific benchmarks to evaluate their performance so as to ensure that every functional unit of the organization is line with the organizationââ¬â¢s goals and mission. Reference List Chen, M.-J, Hambrick, D. C, Nag, R. (2007). What is strategic management, really? Inductive derivation of a consensus definition of the field. Strategic Management Journal. 28(9), 935ââ¬â955. Cambridge: Blackwell Publishers. Davidow, W Uttal, B. (1990). Total customer service. New York: Harper Perennial Books. Heskett, J. (1986). Managing in the service economy. Boston: Harvard Business School Press. Lamb, R. B. (1984). Competitive strategic management. Englewood Cliffs, New Jersey: Prentice-Hall. Ohmae, K. (1982). The Mind of the Strategist. New York: McGraw Hill, New York. Probst, G, Raub, S. Romhardt K. (1999). Managing knowledge. London: Wiley. 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Sunday, November 24, 2019
Spring Break Yall! (How to Break Spring on a Budget)
Spring Break Yall! (How to Break Spring on a Budget) Spring Break Yall! (How to Break Spring on a Budget) WOO! SPRING BREAK! PROOFREADER PARTY! YEAH! SOMETHING ABOUT GOING WILD! OK, weââ¬â¢ll admit it, proofreaders are generally bookish, happier quietly reading a novel than running naked and screaming through the streets of Cancun while being cheered on by our peers. Were not entirely sure whats happening here, but its definitely not proofreading. Nevertheless, weââ¬â¢ve managed to come up with a few handy tips for the cash-strapped among you, as partying hard can be expensive. Pack Everything You Need Sure, itââ¬â¢s in the spirit of freedom and fun to leave the house with nothing but the clothes on your back, a plane ticket, your passport, some shades and a six-pack. However, if you end up paying for a camera, sunblock and everything else you need while away at tourist-resort prices, you might end up wishing you packed a suitcase. All the Fun is in the Journey Driving isnââ¬â¢t as quick as flying, but if you have a car, some friends to chip in for gas and some good music for the stereo it can be a fun (and relatively inexpensive) way to get where youââ¬â¢re going. If you cant even afford gas, a toy car and a map will have to do. Find Somewhere Cheap to Stay When booking somewhere to stay, go directly via the hotelââ¬â¢s website or ring them and book over the phone to cut out the middle-man fee. Booking in advance will also help, as rooms can become expensive if you wait too long. An even cheaper alternative is to holiday by house-sitting for someone. Just try not to break their stuff. Remember Your Student ID You might be leaving college behind for a while, but your student ID can be pretty useful during spring break; lots of companies offer a student discount, so it never hurts to ask. Make Your Own Food Buying a few groceries and making your own meals is always much cheaper than eating out at restaurants or ordering in, especially if youââ¬â¢re splitting the cost with friends. Donââ¬â¢t Go Anywhere If your budget doesnââ¬â¢t extend to travel and accommodation, dont worry; you can still have fun without going anywhere. Spring break is a great time to explore your town, catch up with old friends, throw a party or watch every single episode of CSI: Crime Scene Investigation (actually, you might need more than a week for that last one). Alternatively, you could get a temp job, then spend the money you make on a vacation in the summer!
Thursday, November 21, 2019
Production in the Long Run Essay Example | Topics and Well Written Essays - 2000 words
Production in the Long Run - Essay Example When it comes to marginal product, change in production is registered after the addition of capital employed. (Steinemann 11) This could be an added employee. The major point about the long run is that all the factors pertaining to production are assumed to be variable. The term ââ¬ËReturns to Scaleââ¬â¢ is a term used to refer to the process by which a firms output, responds to change factors input. An example of this is as outlined in the table below; Labor Input Plant 1 Plant 2 Plant 3 Plant 4 10 40 100 130 150 20 100 120 150 173 30 120 140 175 199 40 130 170 200 231 50 150 190 230 260 Capital Input 10 20 30 40 Courtesy of (http://tutor2u.net/) From the above chart, Plant 1, business increases to 40 working with labor input 10 and capital input of 10. This demonstrates increase in returns to scale, resulting to a fall in the total cost of production. Generally, the scale of production can be increased or reduced. This is due to the variability of all factors. As a result, th e firm moves to new average cost curves. Every firm has an equivalent short run average cost curve, with the firmsââ¬â¢ expansion, it moves on to different short run average cost curves. Economies of scale result after the expanded scale output leads to a lower average cost for each level of output. The overhead costs relative to the running costs will probably be high in industries where big networks and national distribution are necessary. This leaves only little room for the company to exploit the returns of scale available in the market. When the cost disadvantage of operation is small, the companies/firms may operate at a profit. This also happens in price differentiation allowing small suppliers to sell their produce at premium price to the market average, on the advantage, willingness and ability for the consumers to pay high prices to cover the cost per unit. A high level of industry concentration is likely, where the minimum efficient scale of production is high as compa red to overall market demand. The time duration required for the long run id different from one sector to another. For example, in the nuclear power industry, it can take so many years to commission a new power plant or improve capacity. The law of diminishing marginal returns is the only critical difference between long run and short run (Tutor2u par 4). This law only applies to short run, which has a fixed output unlike the case of long run where itââ¬â¢s output are variable. Difference between the short and long run could differ depending on the period; some producers may operate at short run over a minimal period while others may operate at short run over a long time. Variability in the long run also applies to the quantity of capital. This means that, the company can not only adjust manpower in the industry but can also increase the size of the factory. For example, if the currently used factory is used beyond capacity, then a bigger one is constructed in the long run to acc ommodate more output. In the case where the factory has used space, it is possible to relocate to a smaller factory in the long run. The major concerns in the long run production, is how producers adjust the inputs under their control considering changes in prices. All production activities include input that is beyond the producerââ¬â¢s control. This includes the Government and its regulations, forces of nature, weather, and social customs and institutions. These variables are not
Wednesday, November 20, 2019
CRITICAL APPROACHES Essay Example | Topics and Well Written Essays - 250 words
CRITICAL APPROACHES - Essay Example een from the scene that emphasizes on Emilyââ¬â¢s status in being involved in teaching china painting which is considered to be done by the middle class and upper class people. With time we see Emilyââ¬â¢s financial status deteriorate making her lose her respect with the high and mighty in her class. This led to an illusion by people of her class in the society because of the belief that everyone can make a success of themselves but their social status still remain no matter what happens. This is also seen from the fact that Emily still stayed at her parentsââ¬â¢ home to maintain her class and feel as part of the class she was born in even though all was not well even though she was not getting any younger. When we analyze her relationship with Homer she accepted to go out dine and wine with him but refused to commit herself to him because of his low class status. She only became friends with Homer to make herself seem well behaved and not
Sunday, November 17, 2019
Histology Case Study Example | Topics and Well Written Essays - 500 words - 1
Histology - Case Study Example This patient had shoulder pains and later was diagnosed with carcinoma of scapula and spine. It was found that the metastasis was from the lung. Identification of Metastatic tissues: The Fourier transform-infrared statistical models are able to identify the changes in structure of DNA at different levels of development of tumors. The DNA structures that are connected to the development of metastasis are usually foreordained in the progenitor cells much earlier in several steps of tumorigenesis. Biopsy and immunoglobulin methods used to diagnose cancer. People having metastasis in lungs may not show symptoms early but through medical examination and with using imaging techniques can be used to diagnose primary cancer that lead to the diagnosis of pulmonary metastasis. In case of slow developing primary tumor, metastasis can be noticed much early at the initial stages of the disease. The spread is usually through blood, lymphatic vessels or both. Identified cells in sample of lung tissue and their characteristics: The affected cells in the lung tissues are like the goblet cell, epithelial cells basal cells etc. The epithelia cells have a define shape. The following are the characteristics of the epithelia cells i.e. they can be polygonal or cuboidal or rectangular. Few are irregular. They are compactly arranged on a tiny membrane. They usually lack intercellular spaces. They have a lot of cytoplasm. They are uninucleate. They can undergo mitotic divisions. Goblet cells have the following characteristics i.e. they are cup shaped and produce mucous fluid composed of a protein called mucin that is bonded with an electrolyte solution. Identifying cells responsible for the tumor: Melanoma pigment is found on these epithelia cells once they are metastasized. Melanoma can be described as a cancer of cells that produce pigments and are found on the mucous membranes. Their presence is an indication cancer and should therefore
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