Saturday, March 14, 2020
Week 4 Example Week 4 Ã¢â¬â Assignment Example WEEK 4: PORTFOLIO MANAGEMENT METHOD School: WEEK 4: PORTFOLIO MANAGEMENT METHOD Once businesses introduce new products anddevelopment projects, it is required that they would put in place a number of strategic and dynamic decision making processes that will ensure that their products and projects are up-dates, revised and up to standard with the market in which they find themselves (Cooper, Edgett and Kleinschmidt, 2014). This dynamic decision process engaged by the businesses is what is referred to as portfolio management. With the popularity of portfolio management and its importance to the survival of businesses, there are a number of ways that companies have strategically approached it. From the experience of my country, there are three major methods that are commonly employed when it comes to portfolio management. These three methods are heuristic models, scoring techniques and visual or mapping techniques. Depending on the business orientation of a particular company, there are numerous ways that each of the methods has their own strengths and weaknesses. In a much generalized argument however, Evans (2006) noted that the use of scoring technique is currently one of the most common methods practiced. This paper therefore delves into the outlook of this method, as well as its strengths and weaknesses. The scoring technique of portfolio management has been explained to be a type of method used with the aim of arriving at precise investment needs. This means that the scoring method dwells much on the use of quantitative numeric indexes in arriving at very specific values that represent the current and future state of any investments made by the organization (Faulkner, 2006). According to Bodie, Kane and Marcus (2011), knowing the actual outcomes of new products and project developments is very crucial for the survival of any investment programme. In effect, when using the scoring technique, the focus and attention of portfolio managers is to ensure that particular methodologies are put in place to enhance profitability and assistance in numerous strategic planning (Sushant, 2014). Due to the complex nature of scoring technique, there are several divisional methods that come under it to ensure that different organisations can be selective according to methods that are easier for them to use and those that meet their specific investment needs. This is a very crucial thing because Bodie, Kane and Marcus (2011) warned on the potential failure that can be recorded when the wrong portfolio management method is selected. Under the scoring technique, Sushant (2014) identifies two major methods namely Simple Additive Weighting (SAW) and Weight Product Method. From personal experiences and the experience of the current business environment, there are specific strengths and weaknesses that can be associated with the scoring technique in general. These strengths and weaknesses have been generalised to apply to the two major methods that come under the technique. Writing on the strengths, Evans (2006) noted that scoring technique this method is highly beneficial as it does not rely on depend on the use of certain ratios that are commonly used in traditional ratio analysis. It would be noted that in traditional ratio analysis, there is much speculation, hypothesis drawing and assumptions in the making of investment forecasts and predictions. This is a problem that does not enhance accuracy and precision. Using the scoring technique, this weakness is overcome and thus the benefit of giving highly precise outcomes of portfolio management is guaranteed. What is more, the problem with the need to give each ratio an equal level of importance which causes delay in portfolio management is dealt with when scoring technique is used. This is because scoring technique only requires that each ratio will be weighted according to its ability (Faulkner, 2006). Regardless of the strengths that have been stressed above, there have been a number of criticisms about the weakness of the scoring technique. First and foremost, the need to optimise outcomes when there are mixed project scenarios is difficult. This means that in portfolio management, the scoring method is effective only for specific projects at a time. This situation causes much delay in most of the time because it makes is impossible to undertake combined portfolio management using different variables of studies (Evans, 2006). Meanwhile in portfolio management, efficiency has been noted to be an important tool for ensuring success (Bodie, Kane and Marcus, 2011). What is more, the scoring method has been noted to be highly demanding in terms of its statistical underpinnings. For example according to Sushant (2014), Ã¢â¬Å"It is imperative to have a sufficient large sample, accurate database and consistent long period in order to reveal trends in the companyÃ¢â¬â¢s behaviour and m easuring its impact.Ã¢â¬ This means that there is no way accurate can be achieved while approaching the management of portfolio in a way other than statistical accuracy. Meanwhile, in behavioural business theories, there is room for investment trends to be predicted and worked with quantitatively. References Bodie, Z., Kane, A. & Marcus, A.J. (2011) Investments. 9th ed. New York: McGrawHill. Cooper R. G., Edgett S. J. and Kleinschmidt E. J. (2014). Portfolio Management: Fundamental for New Product Success. Product Development Institute Inc.: London. Evans, P. (2006). Ã¢â¬Å"Streamlining formal portfolio managementÃ¢â¬ , Scrip Magazine, Vol. 4 No. 2, pp. 4-33 Faulkner, T. (2006). Ã¢â¬Å"Applying Ã¢â¬Ëoptions thinkingÃ¢â¬â¢ to R&D valuationÃ¢â¬ , Research-Technology Management, Vol. 24 No. 2, pp. 123-143 Sushant (2014). Scoring Techniques. [Online] Available at portfoliomanagement.in/scoring-techniques.html [April 10, 2014]
Wednesday, February 26, 2020
Some Patterns of Paragraph Development - Essay Example pets feed on a special diet that the owners fully budget for and higher personal veterinary doctors, who monitor and keep a close check on the petsÃ¢â¬â¢ health. The unique treatments highlighted are the exact treatments parents give their children to show affection and love to them. Since the pets receive treatment in a similar manner as children, it is, therefore, justifiable to conclude that people treat pets like surrogate children. In the social media for instance, there exist several pages created using the petÃ¢â¬â¢s names for profiles. The owners of the pets buy gifts for them and organize anniversary celebrations after they die. Driving should be subject to utmost keenness and concentration. Most reckless drivers have caused more incidences of road accidents in several instances. The drivers fail to abide by the set traffic rules that should guide driving in the specific state. The failure to observe such rules causes accidents leading to massive loss of lives. For instance, some of the drivers take alcohol on duty. Alcohol reduces a driverÃ¢â¬â¢s alertness and visibility while driving. The result is an increasing in the number of traffic related accidents. Such accidents are avoidable by the drivers following the traffic rules to the latter. Deliberate assumption and ignorance of the regulation leading to loss of life is foolishness. Such foolishness makes the driversÃ¢â¬â¢ actions unbelievable. Tobacco use is the principal cause of preventable health hazards, disabilities, and premature death in most states. Smoking leads to the development stroke and coronary heart diseases. Passive smokers are the indirect users of tobacco who inhale the exhaled smoke that the active smokers smoke out. Smoking leads to lung cancer and lung-related diseases like emphysema and bronchitis. The diseases have no definite treatment or cure, hence making tobacco a serious health peril. The passive smokers are at a higher risk of contracting the smoking related diseases and health
Monday, February 10, 2020
Personal Development Planning - Assignment Example Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦13 AppendicesÃ¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦...14 Plagiarism and Unfair Practice It is dishonest not to acknowledge the work of other people and you open yourself up to the accusation of plagiarism. All content of this assignment must be your own independent work. No text, code, diagram, or other content (not even a sentence or phrase) should be taken from another source unless this source is referenced. Referenced phrases should be placed in quotes. Each item should be referenced separately. For more information in respect of plagiarism please refer to the University Assessment Regulations at the following web address: http://quality.newport.ac.uk Plagiarism Statement I have read and understood the statement above concerning plagiarism. I confirm that the work attached is my own and that I will follow the College and University Regulations in respect of plagiarism or any other examination offence. ... Louise Hung Total Word Count: 2817 Introduction Every individual in this world has some goals and objectives established for his future which are based on his interests. The educational career is selected on primarily on the basis of these interests and also on the established goals and objectives. These goals and objectives once established serve as the guiding principles in the individualÃ¢â¬â¢s life who will devise a set of rules and ideas for achieving these goals. The next step is to lay out a plan for proper execution of these ideas for achieving those goals. I believe in working in the same pattern while deciding about my future goals and objectives and achieving them. Acquiring education is one part of the plan, the other one is developing the right kind of personality which is best suited for achieving those established goals and objectives. Having selected Electrical Engineering as a career based on my interest, my targets which I have set for myself serve as the biggest motivational power for me. I plan to excel in both technical and managerial skills as I plan to establish a business based on electrical engineering knowledge in future. The technical aspect of my plan is being covered by the courses I am taking in university while the managerial aspects are being polished by the way I am spend the extra time I have. I know if I have to achieve my goals I have to develop strong leadership, networking and communication skill in addition to technical skills. My activities in the co-curricular clubs which I have joined help me to master communication, networking and leadership skills by becoming part of certain teams and leading a few of them, this has also taught me how to work in a
Thursday, January 30, 2020
The effects that staging a major sporting event can have on an area Essay Abstract This report will analyse the effects that staging a major sporting event can have on an area. It will examine whether events of this size generate inward investment, what different types of investment that occur and evaluate their lasting value. The reasons for the growth of sport as a global industry will also be discussed in terms of their effect on investment levels. After studying a number of major sporting events, both within the UK and from other parts of the world this report concludes that the extent to which events act as a focus for inward investment depends on the nature of the competition and the size of its audience. Introduction The title of this report is: To what extent do major sporting events act as a focus for inward investment? Before I can begin to explore this question there are several terms to define: What constitutes a major sporting event? A major sporting event is a competition involving a large number of competitors from a range of countries, gaining widespread media coverage. What is inward investment? Inward investment implies that, Goods have been brought into existence which will allow a stream of other goods and services to be produced in the future. (Economics, A New Approach by A.G. Anderton) Key Questions/Issues My report will be structured around the key questions shown in the table below. I will make ongoing conclusions as I explore each question in turn, using case studies covering a range of scales and locations, and draw them together when making my final conclusion. Key Question Case Studies used 1) Where does inward investment come from and is it sustainable? Athens 2004, Sport England, Silverstone, previous Olympic games, World Cup 2002 (Yokohama), World Student Games 1991 (Sheffield) 2) Increased investment in sporting events has come about due to the growth in the importance of sport which has become a global industry. What has caused this growth? World Cup 2002 (Yokohama) 3) What different types of investment take place? Do they vary from one sporting event to another? World Student Games 1991 (Sheffield), Silverstone, Athens 2004, World Cup 2002 (Yokohama) 4) Are there examples of major sporting events that have not acted as a focus for inward investment? Do these events have anything in common that could explain why the inward investment was less? Embassy World Snooker Championships (Sheffield), BUPA Great North Run 1) Where does inward investment come from and is it sustainable? To find out where inward investment comes from I will be using the following case studies: Athens 2004, Sport England, Silverstone. Athens 2004 Athens 2004 balanced budget is 1.962 billion Euros. (see fig. 1 for breakdown). To date Athens 2004 sponsorship revenues have reached approximately 448.1 million Euro in total. This already breaks many previous records as Athens 2004 has covered its projected sponsorship revenues with only 7 out of forty potential Sponsors. Athens 2004 decided to have a limited number of sponsors, and to emphasise quality rather than quantity. (See fig. 2) (www.athens.olympic.org) Sport England Government funding of sport in the UK is done so through an organisation know as Sport England. They are a council who meet regularly to consider applications for funding the development of sports facilities. They make their grants from National Lottery Funds and applicants are usually expected to show evidence that their scheme will benefit the community as a whole. (www.culture.gov.uk/sport) Silverstone Silverstone is hoping that is will be able to gain financial support in this however as a report in December 2000 said; Silverstone would probably need to provide other uses for the local community there is no reason why the track should not have a velodrome or artificial ski slope there might even be the possibility of a watersport facility. BRDC (British Racing Drivers Club) President, Sir Jackie Stewart wants the government to underwrite at least half the sum, believing that it is in the best interests of politicians to support the local motor sport industry so jobs and important F1 teams arent driven out of the country to more attractive destinations. (www.octagonmotorsports.com) The redevelopment of Silverstone will be funded by three parties. Firstly by Octagon, the US marketing group that owns the rights to the British Grand Prix for the next 15 years, Bernie Ecclestones Formula One management, which handles Grand Prix racings commercial affairs, and the BRDC, which owns Silverstone itself. To investigate whether the inward investment is sustainable I will be using the following case studies: Athens 2004, previous Olympic games, World Cup 2002 (Yokohama), World Student Games 1991 (Sheffield). Athens 2003 * The Athens 2004 Olympic Games will leave a legacy to Athens, to Greece and to the world that will remain for generations to come. As Sydney, Atlanta and Barcelona have shown, there are many tangible, long-term benefits to hosting the Olympic Games. For the people of Greece, the legacy of the 2004 Olympic Games will begin with the economic benefits of investing in upgrades to the transportation infrastructure, telecommunications system, and the environment. These investments will benefit Greece for years to come. They include: 65,000 new permanent jobs 120 kilometres of new road 290,000 new trees, 11 million new shrubs A New International Airport An expanded metro system A new, ultra-modern Traffic Management Centre An increase in tourism A $1.3 billion boost in public sector revenues, and 35% improvement of the quality of the environment * In addition, the skills, expertise and training of the workforce in Greece across every sector will be enhanced. The workforce will be called upon to manage large scale complex projects that require integrated planning and detailed coordination. The new skills and expertise will be valuable assets surviving the completion of the Olympic and Paralympic Games. Renewed civic pride, a massive surge in volunteerism, and the return of the Olympic Games to their ancient birthplace will all shape the Legacy of the ATHENS 2004 Olympic Games. When the last medal is awarded, and the Closing Ceremony of the Paralympic Games ends, the dynamism and spirit of the Games of 2004 will remain. The city of Athens and the surrounding region will have overhauled and upgraded every major sector of the economy, channeled investment, and re-invigorated public life throughout Greece. (www.athens.olympics.org) In the period leading up to 2004, Greece will receive $40.23 billion USD from the European Union to improve highways and other infrastructure projects. Previous Olympic Games Sydney It was estimated that the Sydney 2000 Olympic Games will add $6.5 billion to the Australian GDP and 100,000 full-time jobs over a 12 year period from 1994-2006. Australia saw an 11% increase in total visitors for 2000. Interestingly, the highest month total (565,000 arrivals) was achieved in December-3 months after the Olympic Games. 1.5 million additional international tourists are expected to visit Australia until 2006 because of the staging of the Olympic Games. This is estimated to generate an additional $2.7 billion in tourism exports. Atlanta The Atlanta Olympic Games added $5.1 billion to the Georgia economy. As a result of the 1996 Atlanta Games, spending from out-of-state visitors injected $2.5 billion into the economy. Barcelona Prior to the 1992 Barcelona Olympic Games, Barcelona was ranked as the 16th most popular tourist destination in Europe. By 1999, it had risen to third. The Barcelona Games added $16.6 billion to the Spanish economy between 1986 and 1993. From October 1986 (the month Barcelona won the bid) to July 1992, the general rate of unemployment in Barcelona fell from 18.4% to 9.6%-a drop of nearly 50%. New suburban highways and tunnels reduced downtown traffic by 15 percent. World Cup 2002 (Yokohama) * Since the Dynasty Cup, the opening game of the stadium on March 1st 1998, there has been 9 Japanese national team games, including the Kirin Cup and the Confederations Cup. The stadium, as well as being the home ground of the J Leagues team Yokohama F. Marinos, is also the stage of many events each year, such as Kanagawa Yume Kokutai and a 70,000 people Bz Live Concert. Under the stands we can find the Sports Medical Center, the Sports Community Plaza and the Sports Information Center, which are the core of communication for all sports concerned. The objective of the facilities is to achieve international exchange and to provide health and well being. (www.fifaworldcup.yahoo.com) World Student Games 1991 (Sheffield) * Since the hosting of the World Student Games in 1991, the Don Valley Stadium has continued to be of benefit to the community as a whole. All facilities, including the indoor and outdoor tracks are open for public use 7 days a week at the excellent price of Ã ¯Ã ¿Ã ½2.70 for adults and Ã ¯Ã ¿Ã ½2.10 for children. * The stadium annually hosts the North of England Athletics Association Open Championships in January and is also used for various other national athletics competitions and meetings. * The stadium is also home to several athletics clubs; the Hallamshire Harriers, Sheffield AC, Sheffield City Striders, Sheffield University AC and Sheffield Hallam University AC. The stadium regularly hosts Rugby League, American Football and Football games and is home to the Sheffield Eagles Rugby League Club. Conclusions about Key Question 1 * It appears that there are three main sources of investment available to major sporting events. The first and possibly most important of these is sponsorship. Sponsors can be broken down into two distinct categories. There are those sponsors who give money to the event organizers in return for the rights to use the Olympic name and image on their products and in their advertising. For example Coca-Cola is the official non-alcoholic beverage for Athens 2004. The other kind of sponsor is the sponsor who provides a service or function at the sporting event. They will also benefit from increased media coverage. SWATCH are providing all of the timing and scoring equipment for the games. * Major sporting events appear to have major, long-lasting benefits to the host city and the surrounding area long after the event has taken place. These include the provision of world class sporting facilities and venues that can be used by the general public and local sportsmen, the creation of new general public services, such as transport links, and the creation of jobs, both directly as a result of the sporting event and jobs created by the encouragement of new businesses into the area. Having examined the sources of inward investment I will now investigate why this investment is increasing. 2) Increased investment in sporting events has come about due to the growth in importance of sport which has become a global industry. What has caused this growth? * Increased media coverage it is estimated that the final of the World Cup in Yokohama was transmitted live to a worldwide audience of around 2 billion. Sport is now broadcast throughout the world and is one of the main ways in which many fans get access to sporting events, whether through radio, television or the internet. * Sport is an important part of the nations shared experience and values the nations culture. It brings people together either as participants or spectators, building teamwork and community pride. * Participation in sport at an amateur level has increased in recent years. Amateur sport is important to improving quality of life. Sport provides role models for the pursuit of personal excellence. Competitive amateur sport also stimulates broadly based participation in physical activity, leading to better health, higher productivity and a stronger social fabric. This has led to increased interest in professional sport, resulting in higher attendance and increased revenue. * Increasing government intervention in sport at a professional level has also increased its importance. Our elite athletes are supported using lottery funding under the World Class Performance Programme by UK Sport and Sport England. Awards have been made to the governing bodies of over 37 sports, ranging from wheelchair basketball to athletics. This enables our top athletes to improve their performance and win medals in the Olympics and major international competitions. Those athletes at the elite level are also starting to feel the benefits of the United Kingdom Sports Institute. Funded by the lottery, these are centres of excellence where first class facilities and services are available to athletes. This includes sports science, medicine, nutrition and coaching expertise. There are ten centres of excellence in England. Many of the centres have sports-specific roles, for instance most of the elite swimmers use the new facilities at Bath University. Money raised by the National Lottery is also being directed at bringing top events to the UK, such as the World Athletics Championship in 2005. Not only does this give us all the opportunity to watch the best competitors in the world, it is a boost for the country and sports as a whole. (www.culture.gov.uk/sport) Having investigated the reasons for increased inward investment we must now examine how this investment is being used. 3) What different types of inward investment take place? Do they vary from one sporting event to another? To answer this key question I will be using the following case studies: World Student Games 1991 (Sheffield), Silverstone, Athens 2004, World Cup 2002 (Yokohama). * If a sporting event is given the responsibility of hosting a major sporting event and their sporting facilities are not already of the required standard to host that event, then investment is needed to redevelop or create them. World Student Games 1991 (Sheffield) Following a successful bid for the World Student Games in 1991, the City of Sheffield undertook a programme to provide world class sports facilities for the City, including an Athletics Stadium with a fully equipped grandstand. The grandstand is in effect a four storey building containing all the support facilities such as changing rooms, as well as an 85 metre indoor track and practice area. (www.sivltd.com/donvalley) Silverstone Over the next 3 years Silverstone, the home of the British Grand Prix will undergo a $70 million redevelopment, including the improvement of key trackside facilities such as pit garages and competitor accommodation facilities, as well as 1.5 kilometres of new track to improve overtaking opportunities on the circuit. These improvements follow speculation that the British Grand Prix could be moved to Brands Hatch and strong criticism from the Head of Formula One Management, Bernie Ecclestone. (www.grandprix.com) * It is also important that facilities available to spectators at major sporting events are of a high standard, as it is the public, in combination with sponsors that generate most money for the organisers. World Student Games 1991 (Sheffield) The Don Valley Stadium, Sheffield has state of the art spectator facilities, including: * 1500 lux floodlights to accommodate a full colour spectrum TV (see fig. 4) * A fully electronic timing and results system with photo finish facilities * A huge electronic scoreboard (see fig. 3) * A fully integrated state of the art public address system * Full catering hospitality facilities as well as food and drink concession points. The Stadiums major focal point is its grandstand which holds 10,000 spectators. 15,000 spectators can also be accommodated on the open terracing making the seating capacity 25,000. (See fig. 4) (www.sivltd.com/donvalley) Silverstone As part of extensive redevelopment of Silverstone, the old club at the entrance to the pit lane was replaced with a new building that offers improved facilities for club members and their guests. The impressive three-storey building houses a restaurant, bar and club accommodation, as well as pit lane and roof terracing viewing areas. Plans have also been recently announced to greatly improve facilities in the general public viewing areas, including directional signage inside the circuit, catering, retail and modern toilet facilities. This follows on from the successful road development and improved traffic management at this years Grand Prix. (www.octagonmotorsports.com) * The potential for tourism generated alongside major sporting competitions means that a lot of money is invested on improving the appearance of an area before hosting the event. Athens 2004 Athens is being transformed into the host city for the 2004 Olympic Games. An extensive programme of interventions for the aesthetic upgrading of the city, along with the creation of Olympic Celebration sites, will enhance the Games experience for visitors and residents alike. An extensive Urban Regeneration Programme is already underway which will include the development and construction of new pedestrian roads, the redesigning of open public areas, the creation of new green areas (see fig. 5), improved street illumination and the removal of illegal advertising boards. (www.athens.olympic.org) World Cup 2002 (Yokohama) The broadcasting of Yokohamas name throughout the world during the 2002 FIFA World Cup will in itself have been excellent publicity for the city. Moreover, hopefully it will have had important effects in the area such as the attraction of movement into Yokohama by foreign businesses. Leading up to the games the city worked to improve the urban infrastructure (parks, roads etc.) and to develop its human resources and networking through programs keyed by citizen volunteer activities. To bolster arrangements a City Sales campaign built around the World Cup, with hospitality arrangements to benefit both visitors and residents was established. (www.fifaworldcup.yahoo.com) Conclusions to Key Question 3 * I would suggest that the type of investment and therefore possibly the level of investment required for a sporting event varies depending on the nature of that event. An event such as the Olympics which encompasses a broad range of sports will obviously require a greater level of investment than a single sport event such as the Football World Cup. * I have been able to identify three key areas of investment. Firstly and probably most important is investment in the provision of sports facilities. Without adequate facilities an event will never be successful. Secondary to this is investment in spectator facilities. The paying public are the main source of revenue for any sporting event, so they need to be fully catered for. If they are unhappy with the service they receive, they wont return. Low attendances would probably render the event a financial failure. Normally the projected revenue from ticket sales is incorporated into the event budget (see fig. 1). Lastly but also significant is investment in the surrounding area as a whole. For an event to be successful it is important that the infrastructure is capable of dealing with a large number of people. The image sent out to the rest of the world also has to be considered, as hosting a sporting event puts the area under close media scrutiny. A positive image can encourage new business to the area. Having examined sporting events that have acted as a focus for inward investment and the type of investment that has occurred we now need to see if there are event that have not resulted in investment and the reasons for this. 4) Are there examples of major sport events that have not acted as a focus for inward investment? Do these events have anything in common that could explain why there was less investment? To answer this key question I will use the following case studies: Embassy World Snooker Championships (Sheffield), BUPA Great North Run. Embassy World Snooker Championships (Sheffield) The Embassy World Snooker Championships are held at the Crucible Theatre in Sheffield, every year in April. For 17 days each year, the largest theatre complex outside of London is transformed into what is recognised as snookers No. 1 venue. Organisers move into the theatre 6 days before the beginning of the championship to prepare the arena. The theatre floor is hollow so a series of jacks have to be put under the two tables, which weigh one and a half tonnes each. The stage is carpeted and the Embassy snooker arena is installed complete with press seating, boxes for the BBC commentators and photographers and the TV cameras (see fig. 6). Back stage, the rehearsal room is transformed into an Interview Room. (www.embassysnooker.com) The Studio which is also part of the Sheffield Theatres Complex is transformed into a two table practice area and the TV set for the BBC team and front man. The Crucible holds less than 1,000 spectators and tickets are eagerly snapped up by the sports fanatical followers. Why has there been little inward investment? * The size of the auditorium means that the revenue generated by the event is limited. This means there is less money to re-invest in the event and Sheffield as a whole. * The Crucible theatre is only a temporary sports venue for 17 days out of every year. For the majority of the year it is a normal theatre, staging touring and in-house productions. BUPA Great North Run The BUPA Great North Run is the worlds biggest half marathon, with 47,000 people running from Newcastle city centre to South Shields a festival of fun runners, colours and an estimated 8 million pounds is raised for good causes each year. Since it started in 1981, around half a million people have completed the 13 miles and 192 and a half yards run. The first marathon attracted only 12,000 participants but its popularity has rocketed and now many thousands of applicants are unable to get an entry. There were people from 25 different countries competing in this years event. The Great North Run has attracted many celebrities and well known personalities. Kevin Keegan once ran the Great North Run wearing the red and white stripes of Sunderland and the black and white stripes of Newcastle United. Soccer star Paul Gascoigne once pushed a wheelchair athlete all the way round the Great North Run circuit. Why has there been little investment? * The Great North Run is a charity sporting event. All money generated through the event are donated to charity and not re-invested in the area. * The event is run around the streets of Newcastle so does not require any purpose built facilities which would require investment. Conclusions to Key Question 4 The most common reason for little investment in a sporting event appears to be the lack of need for permanent sporting facilities. Facilities provision is the most costly aspect of a sporting event so where they are not required, investment is significantly less. Another reason for lack of investment, as demonstrated by the Great North Run, is if it is a charity sporting event. These events set out to make as much money for good causes as possible so dont spend money unnecessarily. Small maximum attendances also reduce investment. Money from ticket and merchandise sales is one of the main sources of income, so a small venue will only generate a little money for re-investment. Final Conclusion The initial question that was asked at the beginning of this report was: To what extent do major sporting events act as a focus for inward investment? I examined this issue using four key questions, making ongoing conclusions as I went along. The following conclusion is an accumulation of my findings throughout the report: * I have reached the conclusion that the majority of sporting events do act as a focus for inward investment. Through my research and analysis of a range of different types and scales of sporting events I believe that the extent to which this is true depends on the nature of the event. Large scale events such as an Olympic games will require a much larger investment than a world championship in a specific sport. They will require a wider range of sporting facilities and are likely to attract a broader range of spectators, requiring greater provision of spectator facilities. * I have also concluded that many of these events have lasting benefits not just for the people who benefit directly from the facilities but the general population of the area who receive the financial and social benefits. * Events which do not act as a focus for inward investment are those which do not require permanent facilities, or in the case of the BUPA Great North Run any facilities. The potential audience size can also be a limiting factor as shown by the example of the Embassy World Snooker Championship. As you can see from my conclusion, the question asked in this report is of a complex nature and has no simple answer. I used case studies covering a range of scales and locations in order to make as accurate a judgement as possible. However I could only use a limited number due to the length of time I had to carry out my research and compile this report. To fully investigate the issue I would need to carry out my research on a much larger scale, covering a greater time period and range of events. Bibliography Websites * Athens 2004 www.athens.olympic.org Official site for the Summer Olympics, Athens 2004. Contains information on the preparations being made ahead of the games, the events that will take place during the games, and regularly updated press releases. * Embassy World Snooker Championship www.embassysnooker.com Official site of the major sponsor of world snooker, Embassy tobacco company. Contains information on all the major world snooker events and venues, the latest news from the world of snooker, and its history as a major sport. * Great North Run www.greatnorthrunjustgiving.homestead.com Website containing information on the history of the Great North Run, and how sponsorship can be raised and collected. People wishing to take part have to sign up here. www.onrunning.com Website run by BUPA (The British United Provident Association), a leading UK private medical insurance organisation. Contains the latest information on the Great North Run and other charity races which they sponsor. * Silverstone www.grandprix.com A website dedicated to Formula One. Contains up-to-date news articles as well as circuit, driver and team profiles. www.octagonmotorsports.com Website belonging to Octagon Motor sports, a US marketing group which owns the rights to the British Grand Prix. Contains information on their role within the motor sports industry, press releases, and profile of the circuits which they have connections with (including Silverstone, Brands Hatch and Oulton Park). * World Cup 2002 www.fifaworldcup.yahoo.com Official site of the FIFA World Cup 2002, containing news articles, competition results, and venue information. * World Student Games, 1991 www.sivltd.com/donvalley Official site for the Don Valley Stadium, owned by Sheffield International Venues Ltd. Contains information on the history of the stadium, its facilities and an up-to-date calendar of events. * Other websites www.culture.gov.uk/sport The DCMS (Department for Culture, Media and Sports) website. www.sportengland.org Website of Sport England, the largest distributor of lottery and exchequer funding for sport in England. www.uksport.gov.uk Website of UK Sport who co-ordinate overall sports policy, the support of elite sport at the UK level as well as UK-wide programmes such as anti-doping and major events. Books * Economics, A New Approach by A.G. Anderton A contemporary A Level text; fully updated and revised to take account of recent economic developments.
Wednesday, January 22, 2020
A Critique of the Movie, The Birdcage (La Cage aux Folles) Ã Ã Ã Ã Ã A gay couple, living in a gay apartment, with a gay houseboy, above a gay nightclub, in a gay city . . . and they have to straighten it all out for one evening.Ã In 1996 La Cage aux Folles (a 1978 French play) was remade by MGM into The Birdcage, a daringly flamboyant comedy that is in-tune with the times and redefines the idea of family values.Ã It combines the talents of Robin Williams (Armand), Nathan Lane (Albert), and Hank Azaria (Agador) with writer Elaine May and director Mike Nichols.Ã The film is brought to life by the superb uniqueness of each character and what they bring to the screen and add to the plot.Ã This film sheds a new light on non-traditional but equally effective family values and role models through a series of hysterical follies. The Birdcage is a film about a gay couple who have to act straight when their son's fiance's conservative, Republican parents are planning a visit.Ã Amidst the hysterically dramatic disasters involved with this event two valuable lessons are taught.Ã They are lessons in avoiding self denial, and accepting various forms of family values.Ã What makes The Birdcage wonderful, aside from the lessons it teaches, is it's combination of great acting abilities, the unique role of each character, and the extravagant set and props used. Ã A great comedy team is only to be expected when you hear the names Williams and Lane together, and a great team is exactly what The Birdcage delivers.Ã Lane, a Tony Award nominee really changes gears for this film from his usual Broadway stage performances.Ã He plays Albert, the feminine half of the gay couple who own The Birdcage nightclub.Ã He appears nightly in the club's dr... ...ovie worth seeing if you want a good laugh along side a good dose of family values.Ã With such a stellar cast, crew, and director, only a movie of such absolute hysteria delivering such sound messages could be produced.Ã These qualities are what make The Birdcage a wonderful movie. Works Cited Alexander, Al.Ã "'Birdcage' Sounds Sour Note."Ã The Patriot Ledger 8 March 1996:Ã 15+. Daly, Steve.Ã "The Farce Side."Ã Entertaiment Weekly 20 December 1996:Ã 88-89. Anson, David.Ã "Gay Films are a Drag.Ãâ" Newsweek 18 March 1996:Ã 71. Maslin, Janet.Ã "La Cage aux Folles, But in South Beach."Ã New York Times 8 March 1996:Ã C3. Carr, Jay.Ã "Birdcage Sings."Ã Boston Globe 8 March 1996:Ã 47+. Hartigan, Patti.Ã "Birdcage Clips Right Wingers."Ã Boston Globe 22 March 1996:Ã 47+. Nichols, Mike, dir.Ã The Birdcage.Ã Perf. Robin Williams and Nathan Lane.Ã MGM,Ã 1996.
Tuesday, January 14, 2020
Family Nursing Diagnosis The OÃ¢â¬â¢Campo family is made up of a husband Danilo and his wife Lydia. They were born in the Philippines and came to the USA when Lydia was 20 and Danilo was 23 years of age. They suffered through the death of their son Emilio who died from an automobile accident at the age of 22. Although this was traumatic for them they recovered from the trauma. Now they find themselves enduring the hardships of aging. Danilo 74 has severe cardiac problems, and Lydia 69, is suffering from dementia and AlzheimerÃ¢â¬â¢s disease. Danilo is LydiaÃ¢â¬â¢s primary caregiver.One night Lydia falls at home and breaks her hip, and requires an admission to the hospital for surgery. The admission doesnÃ¢â¬â¢t result in improvements, and she deteriorates, and becomes more confused. Danilo also begins to deteriorate as well, because he is neglecting himself. Lydia is eventually discharged from the hospital and sent to a rehabilitation hospital for physical therapy. They start ed her on a routine and she did rather well and was sent home. Their grandniece Kristina received them and was taking care of them and their house in-between semesters for school.When Kristina left, Lydia got worse, she began to sleep walk in the middle of the night. Danilo was unable to keep with her due to his CHF, and had a heart attack, he died at the hospital. Lydia was then transferred to a nursing home, her health continued to deteriorate and she passed away shortly after her husband. Nursing diagnosis are a part of the nursing process and is a clinical judgment about individual, family, or community experiences/responses to actual or potential health problems/life processes.Nursing diagnoses are developed based on data obtained during the nursing assessment portion of the nursing process. A nursing diagnosis that is appropriate for this family is, Interrupted family process related to family role shift. Mr. OÃ¢â¬â¢Campo was the sole caregiver to his wife Lydia, however sin ce her hospitalization he was forced to give up some of his duties as a caregiver to the hospital staff. As a result his wife Lydia became more confused, and combative towards those whom she was not accustomed in dealing with on a daily basis, and because she was taken out of her routine with her husband.Another nursing diagnosis that is appropriate to the OÃ¢â¬â¢Campo family is caregiver role restraint related to apprehension about care receiverÃ¢â¬â¢s health and caregiverÃ¢â¬â¢s ability to provide care. LydiaÃ¢â¬â¢s hospitalization has caused a lot of strain on the health of Danilo. His cardiac and respiratory statuses have deteriorated significantly due to him neglecting his own health. The last nursing diagnosis that would apply to the OÃ¢â¬â¢Campo family, Danilo specifically would be non-compliance related to lack of taking care of himself.As a result Danilo deteriorated quickly and lacked to take the appropriate measures of seeking medical attention quickly, and in t urn decided to self-treat himself. In Healthy People 2020 they discuss some of the important tips to help the elderly with dementia and AlzheimerÃ¢â¬â¢s. Some of the suggestions include, increasing the availability of existing effective diagnostic tools. Increasing awareness will in turn decrease the number of people with undiagnosed dementia. There are breakthrough treatments and new research studies assisting in reducing the severity of symptoms through better medical management.Providing more support to family caregivers with social, behavioral, and legal resources. The caregivers should encourage healthy behaviors to reduce the risk of co-occurring conditions. Danilo had a structured routine for Lydia. He tried to do the same things with her at the same time every day, to minimize, confusion and altered behaviors that may be risky to her and Danilo as well. There are so many resources available to AlzheimerÃ¢â¬â¢s patients and their family. The AlzheimerÃ¢â¬â¢s Association is a leading voluntary health organization for Alzheimer's disease for Alzheimer's care support and research.Caring Bridge is a nonprofit organization providing free websites that connect family and friends during a serious health event, care and recovery. A Caring Bridge website is personal, private and available 24/7. It helps ease the burden of keeping family and friends informed. The websites are easy to create and use. Authors add health updates and photos to share their story while visitors leave messages of love and support in the guestbook. Children of Aging Parents (CAPS) is a non-profit organization that assists caregivers of elderly of chronically ill individuals with reliable information, referrals and support.
Monday, January 6, 2020
There is no doubt that cell phones, in this day and age, are a huge part of most AmericanÃ¢â¬â¢s everyday life. Cell phones that hold an abundance of various personal information and keepsakes such as pictures, videos, messages, etc. With the extensive amount of information that these mobile devices hold, they may sometimes be helpful to reveal and trace criminal activity. The access to the evidence of criminal activity can be very valuable to police but this access generally requires a warrant. The clear difference between cell phones and regular physical items that are subject to search and seizure in an arrest does not allow the usual Ã¢â¬Å"search incident to arrestÃ¢â¬ doctrine to be enforced with mobile devices (Ã¢â¬Å"Riley V. CaliforniaÃ¢â¬ ). The Riley V. California case concerns David Riley of San Diego, who petitioned his 4th amendment rights were infringed after an unreasonable search and seizure of incriminating information from his cell phone took place. Riley wa s stopped in 2009 by a law enforcement officer for out of date license tags. At the time of the event the officer took possession of RileyÃ¢â¬â¢s Samsung Instinct M800, which held information used to charge Riley with participating in criminal activity before this event (Fuchs). When Riley was stopped the officer also found concealed weapons which he was charged for (Ã¢â¬Å"Riley V. CaliforniaÃ¢â¬ ). The search of RileyÃ¢â¬â¢s cell phone at the time of the arrest, by the officer, revealed the use of what he supposed was an abbreviation to meanShow MoreRelatedThe Effects Of Cell Phones On Our Lives1053 Words Ã |Ã 5 Pagesyears that improve our everyday lives. The wide use of cell phones has caused a remarkable impact on physical, and social aspects of our life. Cell phones impacts have contributed positively to our lives, but still others have influenced negatively on our life. With technology, the way we communicate has changed over the past year with our smart phones we can surf the internet, check our social media accounts, use GPS, and text and call our families and friends. The cell phones have made a significantRead MoreCell Phones And Its Effects On Our Lives938 Words Ã |Ã 4 Pagesout lives. We use our cell phones for everything from finding directions, to taking pictures of moments you do not want to forget. Everywhere you go, you cell phone goes with you, if you forget it at home, somehow we feel naked without it. Cell phones have become so powerful and useful for so many things other than just making phone calls; I do not even know why we still call them phones. With that, we have the right to feel secure and free from unwarranted searches though our cell phones andRead MoreCell Phones And Its Effects On Our Lives1366 Words Ã |Ã 6 Pagestechnology and increasing use of cell phones, a lot of studies are taking place. Even though cell phon es today have been helpful with communicating with people far away, these cellular devices still are dangerous in many extravagant ways. Dangerous can mean many things when it comes to cell phones. Billions of people throughout the world are implementing cell phone use in their daily routines. Cell phones are becoming a prone addiction which causes us to not be so aware of our surroundings when using itRead MoreCell Phones Effect Our Lives977 Words Ã |Ã 4 PagesHow Cell Phones Effect our Everyday Lives Once upon a time, cell phones did not exist. If you wanted to make a call you had to use a home phone or a pay phone, but cell phones are now common place in our everyday lives. Almost everyone has one, even children in elementary school have cell phones. So how does having such easy access to a cell phone effect our everyday lives? The positive effects of cell phones are easy to see, as cell phones can be convenient and used as a life line in an emergencyRead MoreCell Phones And Its Effect On Our Lives1612 Words Ã |Ã 7 PagesFollowing the time when the mid 1980s, phones have been rapidly moving their route into our commonplace lives, particularly with the presentation of cam telephones in the early part of the new thousand years. As cells develop they have more of an effect on our commonplace lives and I need to exactly how much they are affecting. Similarly as with new engineering in whatever other structure, phones have changed enormously over their generally short life com passes. As these progressions happen, soRead MoreCell Phones And Its Effects On Our Lives862 Words Ã |Ã 4 Pageshouse without theirs. The answer to this riddle? Cell phones. Children and adults alike are partaking in the growing addiction to their mobile devices. Can we blame them though? The sheer amount of uses, features, along with other various gizmos that come along with a cell phone are enough to make not having one a handicap on most people. Schools, websites, work places, all are integrating cell phone use into their everyday tasks. Downsides to cell phones do exist, but the benefits of having one farRead MoreThe Effects Of Cell Phones On Our Lives2011 Words Ã |Ã 9 PagesDue to increasing technological innovations, many people are gradually trapping themselves in the web of cell phones. Even with primary laws in effect, drivers are tempted to text and drive on the road, and it has only brought grave consequences. According to the United States Department of Transportat ion, Ã¢â¬Å"It is estimated that drivers who text while on the road contribute to at least 100,000 collisions each year (qt. in Northwest drivers Admit). Besides causing careless accidents, intexicated driversRead MoreCell Phones And Its Effects On Our Lives924 Words Ã |Ã 4 PagesCellular Distractions Can Wait. Cell phones, otherwise known as smart phones by todayÃ¢â¬â¢s standards, are an immense help to most Americans in many ways. We use our cell phones daily for communication with friends and family through texting and phone calls, scheduling appointment, or social media. However, the convenience of smart phones is being abused daily in several ways that can lead to severe impacts with the distractions they cause. The advancement of cell phone technology in the last decadeRead MoreCell Phones And Its Effects On Our Lives Essay1222 Words Ã |Ã 5 PagesGone are the days when cell telephones were considered as extravagance thing to have with. The developing rivalry in portable makers has brought down the costs of cellular telephones to that degree that these days, purchasing a cell telephone is not a major ordeal. Simply spend a couple bucks and you are pleased proprietor of a cell telephone. In today s opportunity, it s elusive a man who does not possess a cellular telephone. The little contraption is an essential need of life. In any case, whyRead MoreCell Phones And Its Effect On Our Lives894 Words Ã |Ã 4 Pages The first cell phone that was build in a car the reason why it was because it was too big to carry around in your pockets. Buying a phone in 1980 were very expensive, not everyone can afford a phone for themselves. Cell phones back in the day would cost just about over a couple thousand of dollars. The mobile devices that were made in that time was only for phone calls without any caller ID s to tell who s calling you. .Cell phones have been producing a lot better over these few years. Back