Cosmetology Essay Sample - Create A Cosmetology Essay Sample And List Your Skills, Abilities, And Experience

Cosmetology Essay Sample - Create A Cosmetology Essay Sample And List Your Skills, Abilities, And ExperienceCosmetology is a term used for many different things in the beauty industry. Many people believe that it is a degree program to become a hairstylist or a beautician. Some people may think that a cosmetology degree is only meant for those who work in hair salons. The truth is that this degree program can be used to help you find jobs and opportunities all over the world.For most individuals, a cosmetology degree is not enough to start their career in the beauty industry. To begin, they should think about creating a cosmetology essay sample and list some of their qualifications. It is important that they are aware of the importance of having a written sample of their skills, abilities, and experience.Creating an essay sample of your skills, abilities, and experience is important because this will help you get a better job. This will also help you find opportunities in the career field that you have chosen. In other words, this will help you find more work and get a better job.To create a cosmetology essay sample of your skills, abilities, and experience, you can do it by using the resources online. There are many resources available online to help you learn the skills you need to become a cosmetologist. There are also many available resources to help you create a cosmetology essay sample and list all the skills and abilities you have.You can choose any of the following courses to help you learn the different skills you need to be successful in this career: massage therapy, hair artistry, nail technology, hair styling, fashion design, social work, nursing, and cosmetology. However, if you want to create a good cosmetology essay sample, you should consider going to a class taught at a university to help you learn how to become a cosmetologist. One thing you need to know is that most students who go to classes taught by professors or tutors in the classroom ca n ask for another class to take a shorter time period and still complete the course. This is why it is important that you create a cosmetology essay sample of your skills, abilities, and experience so that you can get a job after graduation. It is important that you remember that this is an education that you can receive.For example, if you do not include all the information, facts, and skill to create a cosmetology essay sample, then you will end up not getting a job and trying to find a job. With a good cosmetology essay sample, you will be able to demonstrate your skills, abilities, and experience that can help you get a job and find a job. That is why it is important that you create a cosmetology essay sample of your skills, abilities, and experience so that you can get a better job and help yourself get a better job.

Intro †what is Gibbs (100) Essay Example

Intro – what is Gibbs (100) Essay The Case Of Aquada Contentss We will write a custom essay sample on Intro – what is Gibbs (100) specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Intro – what is Gibbs (100) specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Intro – what is Gibbs (100) specifically for you FOR ONLY $16.38 $13.9/page Hire Writer 1.Introduction2 2.What is incorrect with Aquada? 3 3.What is Product Design, the Design Process5 4.Setting Objectives7 5.Design Processes – Different Perspectives9 6.Aquada – A Critical Analysis10 7.Conclusions11 8.Bibliography12 1.Introduction Manufacturing companies of all types will be required at some degree or another to see how they are traveling to plan new merchandises and how this procedure should be managed so as to obtain the best consequence for their profitableness. When carry oning a design procedure, the administration will hold to happen the in-between line between supplying the client with what they want but besides being organisationally efficient in footings of usage of resources and fiscal investing [ 1 ] ( Baxter, 1995 ) . The procedure of design direction permeates the five cardinal countries of engineering, design, design thought, selling and direction. For this ground, there are frequently internal battles as the company tries to draw together a assortment of different maps all with their ain ends and attacks. 2.What is incorrect with the Aquada? Gibbs has developed a new merchandise which it brought to market as the Aquada. The Aquada was developed by the joint expertness of laminitis Alan Gibbs and Neil Jenkins who through an organizational amalgamation became involved in the squad, in 1999. Design work had begun in 1997 and the merchandise is expected to sell at a retail of ?150,000 in the UK. The Aquada is the first vehicle of its type. It is an amphibian auto that is able to go at velocities of around 30 stat mis per hr on H2O and up to 100 stat mis per hr on land. Approximately 60 million autos are manufactured every twelvemonth and the amphibious component of the auto is simply an option, although it is the chief merchandising point of the merchandise and would, hence, be expected to be chosen in all but a few instances. Clearly, one of the chief benefits of the Aquada is that it can well cut down the travel clip of proprietors. With the ability to travel effortlessly from H2O to set down the Aquada allows a journey that would usually take 2 hours in a metropolis Centre to be reduced to 20 proceedingss, through the usage of H2O based travel. However, despite this, the Aquada has failed to derive the degree of gross revenues that Gibbs predicted it would. Several built-in design jobs have been cited as the ground that Aquada has failed to derive full market incursion. First, despite being marketed as a auto chiefly with an amphibious option it is, in fact, well more efficient on H2O than it is on land. Therefore, those who would merely on occasion use the H2O based option find that it is merely non an efficient manner to go, overall. The Aquada besides fails many safety facets of travel as it has no air bags which are considered indispensable in the modern automotive market. Furthermore, it is non as user friendly due to non holding a roof and holding a non-conventional seating form. This makes the Aquada highly improbable to be the chief vehicle of pick, during the winter months. As this is a new type of vehicle wholly, the care is still something that can merely be done by some specific and specialist mechanics. This makes even everyday services highly expensive. When sing the six chief elements of a design efficiency, it is clear to see that the Aquada fails on many degrees which explains why the Aquada has non made as much of an impact on the market as it was hoped. Reliability and maintainability has non been achieved due to the extremely proficient specializer nature of the vehicle. Aestheticss and biotechnologies are besides hapless with the Aquada with the deficiency of roof and the non traditional seating program that does non let the auto to hold four riders. Not holding air bags is a defect in the safety design of the merchandise and, moreover, the monetary value is at the higher terminal of the market significance that the clients willing to pay this excess premium would non anticipate to compromise on the other elements of the design [ 2 ] ( Zahra A ; Ellor, 1993 ) . 3.What is Product Design? For any new merchandise or company, the design procedure is cardinal to the success of the administration. Whilst in this instance the design procedure is comparatively clear and Centres on the Aquada merchandise, administrations will besides hold their ain merchandise design built-in in the manner they run their company through stigmatization and market placement. Regardless of the type of merchandise design that is being focussed on they will cover with planning, communicating, control and squad working between the assorted different maps within the company. The manner in which the merchandise design procedure is undertaken is cardinal to the overall success of a merchandise or company. The whole procedure demands to be managed to guarantee that no facet is ignored and that the overall consequence is the optimal consequence available. The Design Process There are multiple troubles within the concluding Aquada merchandise, many of which occurred during the design procedure and could, with better planning, have been avoided. Critical to any undertaking is the scene of the relevant purposes and aims. These are so cardinal that they will be discussed in greater item in the ulterior subdivision of this study. Once the range of the undertaking has been appropriately ascertained, the budget should so be developed and agreed with all relevant stakeholders. Based on the needed merchandising monetary value of the Aquada, it would look that budgeting was non completed every bit ruthlessly as was necessary to guarantee that the auto was competitory within the available market [ 3 ] ( Blyth A ; Worthington, 2001 ) . Once the basic information has been ascertained, a brief lineation of the undertaking including the range and the purposes of the undertaking should be stated. This will be the footing of the undertaking program and will give a high degree overview of all critical spots of information i.e. clip graduated table, budget and overall range. In the instance of the Aquada, this was peculiarly of import due to the assorted different squads involved in the development. It is critical that all members of the squad are united and are to the full cognizant of what needs to be done and their function within the merchandise development. From this point, the most appropriate squad demands to be established to do certain that all facets are appropriately dealt with. This choice procedure will about surely involve both internal and external people. Making certain that the necessary competency is available will be of import to do certain that the merchandise is developed right and that there is small or no unneeded wastage in footings of clip or money. For illustration, in the instance of the Aquada, the focal point was clearly on making a technically superb solution, there seems to hold been an absence of people sing the auxiliary facets such as safety, internal design, selling and overall direction [ 4 ] ( Jerrard, Trueman A ; Newport, 1999 ) . Clear undertaking mileposts need to be laid out. The development of a new merchandise such as the Aquada will of course affect several phases such as a protocol so the launching of the merchandise every bit good as the necessary selling and administrative support that will be needed for launch. All of these facets needed to be managed from the beginning. Based on the weaknesss of the Aquada, it would look that full usage of the protocol was non made. Issues such as the deficiency of roof and the deficiency of airbags should hold been noted from the really initial design. Similarly, the deficiency of critical safety factors such as air bags had been omitted should hold been noted at an early phase of the design procedure. This deficiency of realization suggests that the relevant people were non involved with the design procedure at a appropriately early phase. 4.Puting Aims One of the first and most of import facets of the merchandise design procedure is that of puting the purposes and aims of the undertaking. By guaranting that there are suited aims that have been agreed on by all of the appropriate stakeholders, it helps do certain that all persons involved are to the full cognizant of the overall aims and how their single function will be needed to accomplish the ultimate purposes [ 5 ] ( Bruce A ; Cooper, 2000 ) . Aims need to be SMART ( specific, mensurable, agreed, realistic and clip edge ) . Specific, the ends need to be clear and unambiguous and that the purposes are clear for all involved ; Measurable, the ends and aims need to be quantifiable at every measure of the manner. Clear marks in footings of design should be made at every phase to guarantee that the undertaking as a whole corsets on path, both in footings of clip and money ; Agreed, this is critical for undertakings that involve multiple stakeholders. An person who does non hold with the ends and aims can non possible be expected to set in the necessary attempts to accomplish the ends ; Realistic, the ultimate end must be accomplishable. In the instance of the Aquada, consideration demands to be given as to whether it is really possible to develop an amphibian auto that is both safe and efficient every bit good as cost effectual for the consumers ; and Time edge means that there should be clear mileposts at every phase of the undertaking to do certain that the assorted strands of the undertaking are completed at the appropriate times and hence all facets come together to accomplish overall success. Had the Aquada squad spent somewhat longer on puting the relevant ends and objectives many of the issues that are now going evident, such as the deficiency of roof, would hold been resolved at the early phases, doing the merchandise more successful and the design procedure more efficient. 5.Design Processes – Different Positions Naturally, the procedure of design direction will change from company to company and undertaking to project. As such there has been no one singular design procedure theoretical account that has gained complete support from faculty members or professionals. Several different possible attacks have been established, and Aquada should take the elements that suit their peculiar undertaking in their design procedure. One of the historically popular attacks has been the linking of design direction with selling. This was based on the foundational belief that design is mostly a selling map with the whole procedure aimed at developing a merchandise that consumers really want to buy. Under this idea form it is by and large considered that the cardinal standards of any procedure is to do consumers believe that they need the ultimate merchandise. Arguably, in a commercial scene such as that of Aquada this is true. Whilst the engineering may be impressive, it is of small commercial value if no-one really wants to buy the merchandise. This is the attack advocated by the Design Management Institute [ 6 ] ( Best, 2007 ) . An alternate attack is that of design leading advocated by Koppelmann, which makes the differentiation between the design direction and design leading. This recognises that pull offing the design procedure is a much more specific function than that of design leading. Design direction is to a great extent involved with the existent specifications of the merchandise, whereas design leading takes a much more overall position sing every facet such as selling and distribution. It is this function that the overall undertaking director would by and large set about [ 7 ] ( Buggie, Scheuing A ; Vaccaro, 1990 ) . In the instance of Aquada, the undertaking began in 1996 yet a new pull offing manager became involved in 1999 which may account for the deficiency of consistence in the undertaking direction procedure. 6.Aquada – A Critical Analysis Aquada has found that there are many built-in design defects within its merchandise. These are cardinal and consequence in the demand for the merchandise being well lower than it would otherwise hold been. First, the Aquada design procedure lacked consistence. Due to a alteration of direction the design leading function appears to hold gone unnoticed and hence peripheral facets of the proficient specifications have been overlooked. In line with the current thought of holding a distinguishable design leading function, this appears to hold been losing in the procedure and has hence had a damaging function on the overall result [ 8 ] ( Hollins A ; Shinkins, 2006 ) . Second, critical elements that a consumer would necessitate hold been overlooked such as the necessary seating form and the deficiency of roof. This suggests that there was small or no engagement in footings of selling or client services. It would look that during the initial undertaking definition stage, the demands and desires of the client were non considered. For this ground, Aquada would hold benefited from following a more selling attack in its merchandise development to guarantee consumer entreaty. Third, the pricing of the Aquada seems to be curtailing the market portion that it is able to obtain. Had the budget been set at the beginning and managed with suited milepost, it would be probably that a lesser retail monetary value would hold been established doing it a more appealing purchase option. 7.Decisions Although, on the face of it, Aquada appears to hold failed in several facets, they all basically have their path cause in the failure to program and pull off the undertaking. Failure to place the critical ends and besides failure to hold one consistent director with an overall position of the undertaking has resulted in critical issues being ignored. The undertaking has non been sufficiently focussed on the consumer, likely due to the deficiency of selling engagement and this has finally resulted in a less appealing and, hence, less successful merchandise within an already competitory market [ 9 ] ( Sutton A ; Hargadon, 1996 ) . Bibliography Baxter, M. , 1995.Merchandise Design. Chapman and Hall. Best, Kathryn, 2007.Design Management: Pull offing Design Strategy, Process and Implementation. Ava Publishing SA. Blyth, A. A ; Worthington, J. , 2001.Pull offing the Brief for Better Design. Spon Press. Bruce, M. A ; Cooper, R. , 2000.Creative Product Design: A Practical Guide to Requirements Capture Management. John Wiley A ; Sons. Buggie, F.D. , Scheuing, E.E. , A ; Vaccaro, V.L. , 1990. An Advanced Approach to New Product Development.Review of Business, 12. Hollins, B. A ; Shinkins, S. , 2006.Pull offing Service Operationss: Design and Execution. Sage. Jerrard B. , Trueman, M. A ; Newport, R. , 1999.Pull offing New Product Invention: Proceedings of the Conference of the Design Research Society. Taylor A ; Francis. Sutton, R.I. A ; Hargadon, A. , 1996. Brainstorming Groups in Context: Effectiveness in a Product Design Firm.Administrative Science Quarterly, 41. Zahra, S.A. A ; Ellor, D. , 1993. Accelerating New Product Development and Successful Market Introduction.SAM Advanced Management Journal, 58. 1

Definition of Precipitation Reaction

Definition of Precipitation Reaction A precipitation reaction is a  type of chemical reaction in which two soluble salts in aqueous solution combine and one of the products is an insoluble salt called a  precipitate. The precipitate may stay in the solution as a suspension, fall out of solution on its own, or can be separated from the liquid using centrifugation, decantation, or filtration. The liquid that remains when a precipitate forms is called the supernate. Whether or not a precipitation reaction will occur when two solutions are mixed may be predicted by consulting a solubility table  or the solubility rules. Alkali metal salts and those containing ammonium cations are soluble. Acetates, perchlorates, and nitrates are soluble. Chlorides, bromides, and iodides are soluble. Most other salts are insoluble, with exceptions (e.g., calcium, strontium, barium sulfides, sulfates, and hydroxides are soluble). Note that not all ionic compounds react to form precipitates. Also, a precipitate may form under certain conditions, but not others. For example, changes in temperature and pH can affect whether or not a precipitation reaction will occur. Generally, increasing temperature of a solution increases the solubility of the ionic compounds, improving the likelihood of precipitate formation. The concentration of the reactants is also an important factor. Precipitation reactions are usually single replacement reactions or double replacement reactions. In a double replacement reaction, both ionic reactants dissociate in water and their ions bonds with the respective cation or anion from the other reactant (switch partners). In order for a double replacement reaction to be a precipitation reaction, one of the resulting products must be insoluble in aqueous solution. In a single replacement reaction, an ionic compound dissociates and either its cation or anion bonds with another ion in solution to form an insoluble product. Uses of Precipitation Reactions Whether or not mixing two solutions produces a precipitate is a useful indicator of the identity of the ions in an unknown solution. Precipitation reactions are also useful when preparing and isolating a compound. Precipitation Reaction Examples The reaction between silver nitrate and potassium chloride is a precipitation reaction because solid silver chloride is formed as a product.AgNO3(aq) KCl(aq) → AgCl(s) KNO3(aq) The reaction may be recognized as a precipitation because two ionic aqueous solutions (aq) react to yield a solid product (s). Its common to write precipitation reactions in terms of the ions in the solution. This is called a complete ionic equation: Ag  (aq)   NO3−(aq)   K  (aq)   Cl−(aq)  Ã¢â€ â€™ AgCl  (s)   K  (aq)   NO3−(aq) Another way to write a precipitation reaction is as a net ionic equation. In the net ionic equation, the ions that dont participate in the precipitation are omitted. These ions are called spectator ions because they seem to sit back and watch the reaction without taking part  in it. In this example, the net ionic equation is: Ag(aq)   Cl−(aq)  Ã¢â€ â€™ AgCl  (s) Properties of Precipitates Precipitates are crystalline ionic solids. Depending on the species involved in the reaction, they may be colorless or colorful. Colored precipitates most often appear if they involve transition metals, including the rare earth elements.

The ideal role of Abu Dhabi Police in improving the traffic safety in Essay

The ideal role of Abu Dhabi Police in improving the traffic safety in Abu Dhabi Emirate (Potential and challenges). (we can make - Essay Example There are also other traffic management centers tasked with the responsibility of ensuring traffic safety and management is well thought of. Introduction The Emirate of Abu Dhabi is contemporary adopting a comprehensive development plan in all aspects of life. It shows a huge interest in developing plans and measures for the renaissance through integration for a future vision for the emirate to 2030. The government has started to prepare the urban plan of Abu Dhabi city, which was adopted in 2007. Achieving this goal will help the government’s strategies to become one of the best five most leading and advanced governments in the world. The realization of the urban plan will require development and improvements of Traffic Management through enhancing traffic safety and improving traffic performance. The collaboration of vehicle and highway to provide transportation must be treated as a system as Rodney K. Lay (2003) suggested in his research. There has been a good effort in Abu Dhabi for the last couple of years between government stakeholders to develop road safety strategy, define rules and responsibilities, and increase a fully coordinated and integrated framework to deal with road safety. It is suitable here to say when you work to prepare a strategy for traffic management, it is very important to consider the most motivating factors for the safety as the humanitarian concerns, economic costs and benefits, and legal and regulatory considerations. The importance of the management in all aspects of the life is indeed consistent with service marketing literature which emphasizes that the ‘people factor’ is an important component of perceived service quality (Ganesh et al, 2000; Chiou et al, 2002). The Henri Fayol as one of the most influential contributors to modern concepts of management considers it to consist of forecasting, planning, organizing, commanding, coordination and controlling [2]. Other scholars, such as Mary Parker Follett, co nsider management as "the art of getting things done through people"[3]. Usually the transportation systems operating in a developing country may not be as economically, or as efficient as the ones in developed countries. According to my point of view the challenges that might be seen as a problem for the future development of Abu Dhabi can be the management and lack of coordination between all concerned parties in the operation. Here we can narrate what Stanley Pickett (1955), said "Think of the things you see in your own city which everyone wishes were otherwise. They might have been otherwise, if there had been careful planning in the past". The proposed study will focus on the development of a framework that will integrate elements of urban planning related to transportation. These will include traffic management systems, speeds management strategy on the roads, application of the principles of management on traffic safety for road projects, rules and responsibilities for the di fference departments involved, and the effective management of the integrated intelligent traffic systems with infrastructure to improve the road safety in Abu Dhabi. All the above will be integrated through the main domain of traffic management which requires an effective structure and organization. As many developing countries are interested in

Ch 15 discussion 2 response Assignment Example | Topics and Well Written Essays - 250 words

Ch 15 discussion 2 response - Assignment Example appreciate the way you used evidence from the book to justify ways in which the Native Americans were abused against their common rights such as the violation of treaties that were made initially protect them. I believe that such actions were not fair then and cannot be considered fair if they happen today. Whiles selecting the tribes for discussion, you paid homage to a tribe whose activities has been the foundation of America’s agricultural value till date and that is the Anasazi Indians. I believe that agriculture has remained an important part of America and its growth cannot be overlooked today. You opine that the value given to jewelry be reduced but I would differ with you on this. My reason is that value is not given to jewelry merely for its ornamental qualities but for the economic value it gives to our economy and so instead of abandoning it, we should rather look at ways of engaging in healthy mining. Under no circumstance can someone claiming the property of another person be regarded as right and so I agree perfectly with you on the position that the Native Americans were treated unfairly because the Whites took their lands from them

Rise and Failure of Monetarism in the 1980s

Rise and Failure of Monetarism in the 1980s Expand and Explain the Rise and Failure of Monetarism during the 1980s Monetarism, as an economic and political policy in the United Kingdom, (Hereafter UK) can be seen to have come to the fore in the late 1970s with the election of Margaret Thatcher’s Conservative Party. The government’s brief experimentation with the concept was arguably over by 1982. However, the rise and failure of monetarism cannot be explained fully by analysis of the 1980s alone. It is necessary to consider the historical precursors to the elevation of monetarism as a key economic and political policy. A vital component in understanding this is the demise of Keynesianism as a desirable economic policy. Furthermore, we need to discuss to what extent monetarism it can be said to have failed completely. In addition to this the discussion herein will analyse the relevance of using macroeconomic terms to understand political, economic and historical issues. The essay will conclude that the rise of monetarism came about due to the nature of the global economy and that the study of monetarism is useful as it reflects not only the political complexion of the nation state but the wider global influences. Finally, the essay will concur with Bradford De Long’s theory that monetarism, a failure as a complete experiment, still retains an influence on modern economic thinking. Before embarking upon a discussion of the rise and demise of monetarism it is necessary to establish what is meant by the term. Monetarism is defined as ‘a system of controlling a countrys economy by limiting how much money is in use at a particular time’ (Cambridge Dictionary 2004, online). Monetarism, as promoted by Milton Friedman[1], focuses upon price stability, in contrast to Keynesian economics that place the greater emphasis on the rigidity of currency value. While the 1980s provide the main focus of debate the growth of the theory’s popularity can be traced to the 1950s. It is therefore necessary to briefly establish the precursors to the 1980s to comprehend the rise and fall of the monetarist system. Macroeconomic models, such as monetarism, can be an important tool in understanding history, economics and politics. During the late 1970s macroeconomic models were important not only in understanding economics but also because modellers were close to policy-makers. The economic modellers had an important influence on the events at the time and offer another way of understanding the historic and political significance of the early 1980s (Wren-Lewis 1995, p. 204). The benefits of such an approach is that one can move away from analyses dependent on concepts of national politics, concepts such as Thatcherism: Approaches which look at the recomposition of the British state during the 1980s in terms of ‘Thatcherism’ fail to conceptualise the global relations of exploitation in and through which the British state subsists (Bonefeld 1993, pp. 252-3). In contrast, the study of economic policy, in this case monetarism, cannot be divorced from the global political and economic issues of the time. It is important to this discussion that a wide view is taken to reflect the various impacts and influences on politics and economics. Such an approach is one adopted by many academic writers on the subject. For example Saad-Filho and Johnstone’s collected work on neo-liberalism includes a discussion of monetarism (Saad-Filho and Johnstone 2004) while economic, political and historical journals all contain reference to the political and economic changes of the period. Thus, monetarism as a concept allows us to deal with a number of combined elements simultaneously. Without the relevant social, political and economic environment an economic policy, like monetarism, would not have been able to take a foothold and assume dominance over Keynesian modes of thinking. However, such difficulties were apparent at the time. Economic planners were faced with difficulties that Keynesianism did not appear able to address. The problem faced by economic planners is most clearly illustrated by the growth of inflation. In the period between the end of the Korean War and the beginning of the 1970s, the inflation rate in the United Kingdom never rose above the 5% annual figure. However, this figure rose to 17%, then 27% and back to around 15% in 1974, 1975 and 1976 respectively (Kenway 1994, p. 124). Indeed, the world economy had become strained even by the late 1960s. As Harold Wilson took office in October 1964 at the head of the Labour Party, the Prime Minister was embarking upon a period of economic upheaval. The Chancellor of the Exchequer, James Callaghan, sought to replenish Britain’s gold reserves, cut wages and improve exports of British goods. Hindered by industrial unrest he and his successor, Roy Jenkins, failed to control rising wages. This example is symptomatic economic difficulties that led to elevation of monetarism as a way of improving the economy. By the mid-1970s ‘Keynesianism appeared to be a spent force’ (Bonefeld 1995, p. 35). Not only was this the case but in contrast monetarism was on the ascendancy, as David Smith has summarised: For monetarists, and in particular British monetarists, the early 1970s were what the Great Depression had been for Keynes and his followers. Existing ideas about economic policy had been dealt a savage blow by actual events (Smith 1991, p. 45). One of these actual events was the move away from the Bretton Woods system.[2] This was a reaction to the economic difficulties that increasingly resulted in the disengagement of labour from capital. Monetarist policies sought to re-associate the relationship between the market and labour. As part of this process, advocates of monetarist policy sought to greater exploit the labour force, lower their wages and cut expenditure upon public services. Monetarism was designed to make market freedom the deciding factor in regulating the economy rather than maintaining labour at an artificial level. Its appeal was such that monetarism was being accepted as a viable economic school of thought in all western countries by the mid-1970s. Central to the philosophy of monetarism, as Bonefeld points out, was the abolition of employment guarantees as a pre-condition for economic recovery (Bonefeld 1995, p. 36). Power over the economy would be taken back from organised labour and the free market would regulate the relationship between money and the workforce. As part of this trade unions became undesirable and any false elevation of the role of labour, through artificial levels of employment and high wages, had to be addressed. Monetarism, therefore, with its emphasis on the strict relationship between money and exploitation of labour, appeared to offer a solution to the problem of people and governments spending ‘beyond their means’. In essence, monetarism offered ‘a capitalism of ‘value for money’’ with Labour subjugated to the same level as any other factor of production (Bonefeld 1995, p. 45). Monetarism’s appeal would not have been effective without apparent difficulties in the dominant economic theory of the time, Keynesianism. In part, the predominant Keynesian philosophy was undermined by the overly-confident position of its proponents. They failed to consider the threat to their dominant model and the serious competition posed by monetarism. However, this was in direct contrast to the reality of the economic landscape. In this respect the star of Keynesianism was on the descent in the eyes of many people: The old Keynesianism lost its hold within economics, not because economists ceased to believe in the importance of unemployment, but rather because they ceased to believe the Keynesian account of how those variables were determined and, in particular, the means by which the government could influence them. The transformation from Keynesianism to Monetarism required, therefore, a transformation of views about how the economy worked. (Kenway 1994, p. 10). The transition of views referred to by Kenway started to materialise with a growing appreciation for the monetarist system in some circles. On the academic front the cause of monetarists in the UK was boosted as Harry Johnson was appointed Professor of Economics at the London School of Economics (Hereafter LSE). His influence spanned the Atlantic from Chicago to London and he became a key academic proponent of monetarism. This position was bolstered as Johnson formed the driving force behind the Money Study Group at LSE, which was a forum for monetary theory and policy. The Money Study Group provided the respectable face of monetarism and highlighted the growing body of academic in favour of it. Academic support alone could not account for the elevation of monetarism over Keynesian philosophies. The House of Commons and the role of policy-makers were, of course, necessary for the successful implementation of any economic policy. Johnson and other economists, with the help of Conservative MP Richard Body, produced a pamphlet entitled A Memorial to the Prime Minister. The document was signed by eight leading monetarists and had the support in the House of Commons of forty Conservative MPs. The producers of the pamphlet, who called themselves the ‘Economic Radicals’, attacked the policy of Edward Heath’s government, but with little effect on his political position or outlook. Despite the ‘Economic Radicals’ making another public appeal in 1974 a second miner’s strike brought about two general elections and a Labour government. This was a failure for the Conservative Party but it ultimately pushed the party towards the Right and towards Ma rgaret Thatcher, a key proponent of monetarist doctrine. In the public sphere monetarism also began to attract some influential backing. David Smith has also demonstrated that monetarism began to find some powerful allies in the newspaper world of Fleet Street. Samuel Brittan, economic commentator for the Financial Times and Peter Jay, economic editor for The Times, both favoured monetarist economic philosophy. Eventually this favouritism evolved to open advocacy for monetarism and, as Smith argues, they were soon joined by others (Smith 1991, p. 52). Such support would have no doubt been invaluable for bolstering the attractiveness of monetarism. It put the debate into the public arena, allowing people to become involved or at least aid understanding of the debates in question. Furthermore, the influence would have had a reassuring effect on the City, a key ingredient in the success of any economic policy. Monetarism, therefore, was not an unknown ideal in 1979 when Margaret Thatcher’s Conservative Party swept into office. On the contrary, as had been discussed above, the Conservative Party had in some part been pushed to the Right of the political spectrum because of economic issues. However, it was not necessarily such a clear break from previous policy as one might assume. Instead one agrees with Bonefeld’s view that 1979 brought continuity as well as change: [T]he shift from Labour to Conservative government in 1979 comprises a complex of discontinuous and continuous elements. In the 1970s, there was an integration of monetarist policies with Keynesian forms of class collaboration; the incoming Thatcher government continued, in a more radical fashion, monetarist economic policies in a monetarist framework (Bonefeld 1993, p. 251). Bonefeld is careful to assert that the Thatcher government’s approach to economic policy, while more radical, was not revolutionary. As with the study of history it is vital to understand the continuity as well as the changes in society. With this in mind it is easy to see why Bonefeld was clear, as discussed earlier, in condemning those who viewed the period in Thatcherism. Not only were they ignoring the wider global ramifications, but also by studying Thatcherism specifically one is tending to ignore the continuity and place over-emphasis on change. As the Conservatives came to power they did so with a determination to beat high inflation rates in the United Kingdom. Their position had been weakened partially by previous national wage rises. This was in contrast to the ‘tight money’ principles of monetarism. Thus, while attempting to curb inflation the levels actually rose to 22% by May 1980 (Pugh 1990, p. 347). Thatcher’s government sought to adhere more firmly to the monetarist principles as a way of tackling monetarism. A key component of this was Geoffrey Howe’s budget of 1981 which is ‘generally taken to be the most dramatic demonstration of the fact that Keynesianism was no more’ (Smith 1991, p. 105). But there was some ambiguity about the aims and methods of monetarist policy as Pugh highlights: Though professed for many years by marginal figures in the economics profession, monetarism remained an unproved theory; and it was not clear what exactly constituted the money supply. For some years Chancellors of the Exchequer kept changing their definition in an effort to apply the theory in the real world (Pugh 1990, p. 347). Thus the concept of monetarism was a difficult one to grasp and the theory was harder to implement under real economic conditions. Yet, despite this there was some evidence to suggest that by 1981 the Conservative’s policy of monetarism was beginning to yield some positive results in the fight against inflation. But this came at a cost. The 1981 budget had introduced strict monetarist policies because although inflation had fallen in 1981 it had done so because the economy was in economic depression. Howe therefore set about implementing some heavy-handed deflationary measures. His budget brought with it large tax increases, a reduction in borrowing by the public sector which fell from  £13.5 billion to  £10.5 billion (Pugh 1990, p. 347). The fear was that this would lead to high unemployment. Mrs Thatcher could have been politically challenged at this point. A number of politicians disagreed with her stance and had they resigned they may have forced her hand. However, failure to do so emboldened Thatcher who embarked on a period of strengthening her position. She rid herself of the so-called ‘wets’ in her party, the likes of St John Stevas, Gilmour, Pym and Prior, while simultaneously promoting these close and loyal to her such as Norman Tebbit, Nigel Lawson and Cecil Parkinson. However, while the monetarist policy failed to halt Thatcher politically the economic consequences were widespread. Britain was set for the worse economic depression for fifty years, with unemployment reaching 2.7 million. The Conservatives continued to claim their policy was intended to aid the country in the long-term. Between 1983 and 1988 Chancellor of the Exchequer, Nigel Lawson, pointed to some economic growth as proof of the success of Conservative monetarist policies. Indeed, as Pugh points out, the Conservatives could rightly point to decreased union militancy as evidence of their success in redressing the imbalance between money and labour influence. However, as Pugh also suggests, this had as much to do with the high rates of unemployment as it did of any successful government policy (Pugh 1990, p. 348). Thatcher’s monetarist policies allowed the manufacturing industry to fall into decline. Although the period saw some expansion of service industry this was by no means enough to make up for the losses in industry. Furthermore, it sometimes exacerbated other issues. For example, as the service sector grew and demanded more use of computers the balance of trade deficit was increased as more computers were imported. Britain’s lack of a strong export sector heightened the economic decline and to protect the pound from currency speculation high interest rates were introduced. Not all of these difficulties were clearly evident at the time, for Nigel Lawson was claiming a mini-boom in the mid-1980s. The Conservatives won elections in 1983 and 1987 despite high unemployment rates. In this respect the monetarist principle of getting people to accept unemployment and move away from notions of guaranteed employment appeared to be working. However, what expansion there was came at the expense of mounting personal debt. Martin Pugh has shown how private debt per household rose between 1980 and 1989 from  £16 billion to  £47 billion. In the same period borrowing on mortgages shot up from  £43 billion to  £235 billion (Pugh 1990, p. 350). Lawson did not learn from previous mistakes either. The high rises in personal debt did fuel a consumer boom. Consumer booms in turn generate a feel good factor in society however it is unsustainable because of the levels of debt incurred. Furthermore, with the decline in manufacturing the demand for consumer goods had to be satiated by importing items, thus further expanding the trade deficit to new heights. Lawson then exacerbated the situation to an even greater extent. He continued to fuel the consumer boom but the economy turned down once more. Despite his protestations that this was only a temporary problem the fact remained that a second depression had been brought into effect. As Pugh explains this had substantial political repercussion: Monetarism had long since been abandoned as unworkable, so that the government had no weapons at its disposal except for the highly destructive use of interest rates which, at 13 per cent, severely handicapped industry. The appearance of a second depression with the decade undermined all the claims made for Mrs Thatcher’s radical economic strategy†¦ After twelve years in power Mrs Thatcher was to leave office with the economy demonstrably weaker than when she first took over (Pugh 1990, p. 351) There is no question of economics influencing the downfall of the Conservative Party and more specifically Mrs Thatcher. The cause and effects of depression appeared to be obvious signs of a failed policy in monetarism. However, debate continues to surround the point at which it is fair to say that monetarism itself failed or was superseded by newer economic thinking. Furthermore, it should also be considered whether or not monetarism ever failed entirely of if the policy has continued in some form. Thatcher had come to power as the world trade recession was worsening and the combination of these two economic factors was damaging as social historian Arthur Marwick explains: In this context the Government’s determination to adhere strictly to the principles of monetarism and to ruthlessly curtail public spending had very serious repercussions. Unemployment in 1979 had eased to 5.7%. In 1980-1 it took off astronomically and by the end of 1982 had more than doubled, with a rate of 13.4 per cent, and a highest-ever number of people out of work 3,190,621 (Marwick 1990, pp. 271-2). On these figures alone it would appear that monetarism was an ill-suited remedy to the economic difficulties. However, the Conservative government was implementing standard monetarist principles. They sought to lower taxation in an effort to reward greater free market enterprise. In direct opposition to socialist principles as much financial choice as possible was to be left with the individual. The state should, under these circumstances, take a back seat. Part of this deregulation took the form of attempting to limit the power of trade unions and channelling money into small businesses. Monetarism went hand-in-hand with de-industrialisation. Debate and uncertainty remains over whether monetarism can be said to have failed by 1982. Despite the debatable end of Keynesianism in 1981, arguably monetarism in its simple form did not last past 1982. The 1980-2 economic crisis meant policy-makers responded with Keynesian deficit demand management. In 1982, at a time when Mexico almost defaulted, the March 1982 UK budget appeared, to some people, to present another watershed in economic planning: To some commentators, March 1982 represented the end of the monetarist experiment. That was premature. But it was the start of the official process of unwinding the policy (Smith 1991, p. 106). It was premature because the flirtation with monetarist principles did not end entirely. After the 1982 budget some improvements in the economy were visible. For example, inflation fell; modest recovery was noticeable although unemployment remained high. But as politics began playing into the economic equation Howe sought to woo the electorate with economic incentives in the run-up to a 1983 election. By initiating a consumer boom before the election the economic cycle had returned to one of boom and bust. It is true that the Conservatives did not manage to adhere strictly to their own spending limits and therefore appeared to be undermining their monetarist economic roots. However, Marwick argues the reality is not as clear cut as this: But the very definite restrictions on expenditure in certain areas, the whole concept of ‘level funding’, that is to say funding that did not automatically make adjustments for inflation or pay settlements (as had been the general principle in the ‘consensus’ period), and the ready resort to high interest rates, continued to give government policy a distinct monetarist flavour (Marwick 1990, p.312). It is perhaps therefore wrong to discard the concept of monetarism post-1982. As Howe moved to the Foreign Office to be replaced by Nigel Lawson the UK saw a brief return to rigid adherence to monetarism. If viewed in light of Marwick’s comments this should not be seen as surprising for the monetarist undertones were still prevalent. Thus, alternatively Smith proposes that the January 1985 Sterling crisis marked the changeover point from pragmatic monetarism to pragmatism (Smith 1991, p. 123). Arguably then we can trace the rise and demise of monetarist policy and conclude, as Smith does, that a clear watershed was reached. However, an alternative discussion is purported by Bradford De Long who suggests that the New Keynesian ideas that appeared to supersede monetarism in fact actually contain many of the same elements, under a different name (Bradford De Long 2000, p. 84): We may not all be Keynesians now, but the influence of monetarism on how we all think about macroeconomics today ahs been deep, persuasive, and subtle (Bradford De Long 2000, p. 85). In this respect it may be incorrect to study the rise and failure of monetarism as a policy. This may be particularly incorrect if one talks only of the monetarist experiment and specifically 1979 to the early-to-mid 1980s. Monetarism did not begin in 1979 with Thatcher’s government and an analysis of it in terms of Thatcherism ignores too many other economic, global and political variables. In much the same way, if we adopt Bradford De Long’s conclusions it may be incorrect to talk of the failure of monetarism. However, as Pugh’s argument suggests it seems to be during Thatcher’s time that monetarism came to the fore of public knowledge. Arguably the peak of monetarism’s influence came in this period of the short experiment. However, the rise and fall of monetarism must take into account the wider implications outlined above to provide a more complete understanding. Furthermore, while its most public experimentation may have occurred in the 1980s t his does not preclude its existence and therefore its importance in either the period before or the period after. Bibliography Online Sources Cambridge Dictionary Online, http://dictionary.cambridge.org/define.asp?key=51549dict=CALD, (Accessed 12th June 2005). Wikipedia Online Encyclopaedia, http://en.wikipedia.org/wiki/Monetarism, (Accessed 11th June 2005). Articles Bonefeld, Werner ‘Monetarism and Crisis’, in Bonefeld, Werner and Holloway, John (eds), Global Capital, National State and the Politics of Money, (London 1995, pp. 35-68). Bradford De Long, J, ‘The Triumph of Monetarism?’, Journal of Economic Perspectives, Vol. 14, No. 1 (Winter 2000, pp. 83-94). Wren-Lewis, Simon, ‘Review. From Keynesianism to Monetarism: The Evolution of UK Macroeconomic Models’, The Elconomic Journal, Vol. 104, No. 428 (January 1995, pp. 203-5). Books Bonefeld, Werner, The Recomposition of the British State during the 1980s, (Aldershot: 1993). Kenway, Peter, From Keynesianism to Monetarism. The Evolution of UK Macroeconomic Models, (London: 1994). Marwick, Arthur, British Society since 1945, (London: 1990). Pugh, Martin, State and Society. A Social and Political History of Britain 1870-1997, (London: 1999) Saad-Filho, Alfredo and Johnstone, Deborah (eds), Neoliberalism. A Critical Reader, London: 2004). Smith, David, The Rise and Fall of Monetarism. The Theory and Politics of an Economic Experiment, (London: 1991). 1 [1] Milton Friedman was an American economist known for his promotion of laissez-faire capitalism. For a biography of the man consult the Wikipedia online encyclopaedia at: http://en.wikipedia.org/wiki/Milton_Friedman. [2] The scheme is described thus: ‘The Bretton Woods system regulated the international deficit financing of demand on the world market on the basis of an inflationary supply of dollars to the rest of the world’ (Bonefeld 1995, p. 35). Bretton Woods was so named after the New Hampshire village where it was devised in 1944.

Financial managing application Essay

Introduction I am making a budget plan and am going to recommend financial managing application for the business as a business manager. The company is named Houzit Pty Ltd, it is a retailer for home wares. It is a growing business. It has 15 stores in Brisbane area. It has 150 staff members. It is registered with ASIC. As per the review of financial structure of this company the report below has been made. 1. The statutory requirements for tax compliances are listed below: * 9% of wages and salaries is to be calculated as superannuation for every quarter * 4.75% is payroll tax of wages and salaries for every quarter * Worker compensation is 2% of salaries and wages for every quarter * For every quarter the company tax is 30% of net profit before taxes. Current Liabilities: GST: Goods and service tax is a value added tax of 10% in most services and goods, it is imposed on most of the transactions but refunded later with certain process. Fringe benefit tax: this tax is applied to most non cash benefits that an employed provides. It is imposed on the employer. Payroll tax: it is a tax paid by employers to government. It is calculated as per the wages and salaries. It is different in different states in Australia. PAYG Withholding: pay as you go withholding is a way of paying ones tax in a year should one be an employee. Income tax: it’s a most important revenue stream in Australia. Income tax is imposed in earnings. 2. * Company must be registered as per the corporation Act 2001 * Tax must be paid regularly 13% of total income. * Auditing should be done. * Financial reporting to ASIC. 3. The name of software is arrow business software creators features are user experience with standard and dynamic menus dock able panels and seamless integration to Microsoft office application. * MYOB * Quick books Both these software are impressive at what they do. But both have similar strengths and weaknesses. But after being sophisticated in the accounts of business there can be few criticisms made in one of these products as for houzit. Quick books is not supported in Apple Macs, MYOB allows multiplication inventory where as quick books fades in this character. MYOB also allows multiple entities at a time but quick book does not. Hence, after looking at all this advantages and disadvantages, I’d recommend MYOB for Houzit. 4. Matching principle : the business that adopt matching principle can accurately evaluate their pin point financial performance and profitability for a certain time by cancelling the difference in the accounting entry timings. Account groups : assets, liabilities, owners equity, revenue and expenses makes up all of the statement of financial position and statement of financial performance. They show us the budgets and also the profit/ loss. Time period : to make a sound economic and financial decision we need time period. A business needs a timely decision in today’s world. The accounting period is the period of time over which 5. The implication of probity when revising and preparing budgets is financial probity. It involves insuring that there is full accountabilities with the funds management whether or not it is transaction related or in a form of an advice. It is also important that all of it is lawfully met as far as financial responsibility is concerned. 6. The dates are listed below: * Loan of $100000 on 31 dec * Advertisement budged increased by $70000 over 2010/11 * Salaries and wages rise $172500 in 2010/11 7. The items that are recommended for inclusion in budget sheets are listed below * Water bill * Transportation * Staff amenities * Office expenses 8. The modified internal controls that could improve risk management for the company are: * We need to follow rules and regulations * Also we have to apply and implement all the procedures * The time sheets and operating hours should be noted too Explanation: The reason for the past profit and losses could be the problem of the financial management software. As per the given care study, the software that has been used was not able to provide sufficient analysis of the generated revenue and the expenses which has made poor estimates about future profits and decision making. The growing of the customer base has helping loyalty sales and also new references of upcoming customers. This has reduced the advertisement cost. However the new software system is to be used to catch up for the company’s progression more efficiently. Mathematics: CGS = 16971237 – 7297632 = 963760 REFERENCES: www.wikipedia.org www.ato.gov.au www.asic.gov.au www.australia.gov.au www.moneysmart.gov.au