Wednesday, May 6, 2020

The Political System Of The United States Essay - 1364 Words

For over a century, the American presidency has been controlled by the two major parties as no third party has broken through to win a presidential election. In fact, from the point of view of the two major parties, the third parties contending for the presidencies have been nothing but nuisances, taking votes away from the parties that legitimately have a shot at the presidency. However, as historian Richard Hofstadter said, â€Å"Third parties are like bees: once they have stung, they die.† Hofstadter explains this by stating that â€Å"major parties champion patronage not principle.† Third parties are movements that quickly â€Å"sting† and influence American politics dramatically before fading away, leaving behind a two-party system. Though third parties have historically not had much success in presidential elections, they remain important statements against the established two-party system, introducing key ideas and representations into the political system ; they symbolize a change as outsiders against the establishment. However, third parties ultimately continue to struggle because of certain inherent legal and practical constraints. This has led to the introduction of an outsider candidate such as Trump who knows how to harness the discontentedness of a third party but chooses to run for one of the two major parties rather than the third party. It is clear that third parties in presidential elections have had minimal success. Third party candidates throughout history have failedShow MoreRelatedThe United States Political System935 Words   |  4 PagesThe United States political system is dominated by an intense battle for power. Those who have control, have the ability to influence the way our nation is operated. While every citizen has the opportunity to impact politics, some citizens and groups are at a disadvantage. In America, we struggle to ensure that every individual has a chance to equally participate in the political process. Although anyone can run for political office in the United States, the cost of a campaign is expensive. ThroughoutRead MoreThe Political System Of The United States1053 Words   |  5 Pagessaid that the United States is the most powerful nation on earth; politically, economically and militarily(1). Even though the U.S. is the second largest democracy in the world, India being the first, it is considered rare, compared to other systems in the world. Where did the founders of the U.S. get their ideas for the political system we have today? The U.S. political system is made up of many components and there are several factors the contributed to what the U.S. political system is today. SuchRead MoreThe Political System Of The United States2164 Words   |  9 PagesExtended Essay Rough Draft The political system of the United States of America is based upon democratic and republican principles, giving birth to the representative democracy that is our government today. Over the many years since the founding of the nation and our first president, George Washington, politics has separated itself into factions, more commonly called parties, based on common and shared beliefs, religion, and ideals. The development of these parties has encouraged corruption toRead MoreThe Political System Of The United States1813 Words   |  8 PagesJefferson, an American Founding Father once wrote that â€Å"design activity and political thought are indivisible,† stating that architecture acts as a vital instrument in conveying political image. In this case, the prominent symbols of government in any polity would be the national parliamentary buildings as they demonstrate faith in the cultural identity of a nation internally as well as foreign country. Likewise, United States of Ame rica is known as a land of democracy and the Congress House of U.SRead MoreThe United States Political System567 Words   |  2 Pagesachieve an organized force of ideas. The Political parties of the modern era have become far more organized and are no longer looking to support ideas but are ever hungry to maintain and gain political power rather than represent a people’s voice. Our democratic republic relies on the organized and informed voter to maintain a balance of control between the people and the government. 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Not knowing which candidate is lying or passing a bill and not knowing what is on it. Because most Americans own a smartphone, social media is so enormous and having access to almost anything. While Americans are on the internet, watching television, and listening to the radio or even reading theRead MoreIran s Political System Of The United States950 Words   |  4 PagesA combination of Islamic theocracy with democracy makes Iran’s political system one of the most complex and unusual political system of the world. The clerical regime with a highly complicated government structure has known as an adversary of the U.S. and its allies in the Middle East. While the historical hostility between the countries, is more than the Iran’s nuclear program, but now the center of debates, is Iran’s nucle ar program. The Joint Comprehensive Plan of Action (JCPOA) has reduced tensionsRead MoreThe Separation of Powers in the United States Political System612 Words   |  3 PagesThe Separation of Powers in the United States Political System In the 18th Century, the French philosopher Montesquieu, who had been one of the inspirations behind the French Revolution, argued that limitation would be necessary within government within government in order to avoid tyranny. He identified the Executive, the Legislature and the Judiciary as the four braches of government which needed to be separated. To do this, he suggested the Separation of Powers, a Read MoreRole Of An Interest Group On The United States And. Texas Political System Essay1143 Words   |  5 Pageson a large public group, such as family and friends of public school-aged children in the United States. Clive S. Thomas states, The most important lobbying forces in any society are the various entities of government: national, regional, and local government agencies and institutions such as the military (Thomas). The role of an interest group in the United States and/or Texas political system is creating a relationship with the staff of congress. This relationship provides a window

Change Management Portfolio

Question: Discuss about theChange Management Portfolio. Answer: Compare and Contrast Different Types of Interventions. When it comes to change management, all types of interventions are related in one way or the other(Adrian, 2009). For example, the effect of affecting change about technology, this will not only be limited to the working environment of a group or to the hardware and the physical environment. It will also look at the way that employees are going to improve their interpersonal skills; this is concerning where people sit and the kind of disruption that will be in the new regime(Armstrong, 2012). The other areas of intervention will also look at other interrelated issues in the organization. This is because, no matter the organisations. There will always be different levels of functionalism to look at. One is the individual group function and the other is the organizational function. When it comes to the organizational functions, one usually looks at the targets of change about the level of organisations that is mainly affected(Blake, et al., 2012). Another example related to the one is on conducting some techno structural interventions which will affect grounds and individual. For example when discussing the return to work formula, the others may only affect primarily on the total organisations which the other will one look at the structural design of the change. According to Blake, et al. (2012), several interventions will focus on people in the organisations and the ways in which they can accomplish goals in those organisations. The change processes will look at areas such as problem solving, communication, leadership and group decision making in the organisations. These types of interventions are usually incorporated when looking at programs that incorporate people within the organisations and procedures that they need to follows to accomplish goals in the or ganization. In addition, the intervention chosen should be deeply related to the history of the organization. It needs to represent the earliest change programs that characterize organisations direction. This can include areas such as meetings and the T-group. The Human process interventions usually come from social psychology and psychological disciplines, it will also look at applied fields of human relations and group dynamics. Human resource management that apply these types of interventions will usually look at the values that these interventions hold to human fulfilment and the expectations that organizational growth will be improved. This will also be realized when there is evidence of functioning human resource processes. In Adrian (2009), the writer also discusses human process interventions which is closely related to group dynamics and interpersonal relation. They will incorporate the following areas: Process consultation: this type of intervention will usually look at the social dynamics and interpersonal relations that will happen within a group. T-group: this is one of the oldest intervention processes. The process is designed in a manner that it can provide members with an opportunity to learn from experience about leadership, group dynamics and other forms of interpersonal relations. Team Building: This is another type of intervention that concentrates on helping organization working groups to be able to accomplish their tasks in a much more effective manner. The team building type of interventions is almost like process consultations, this is because It assists members to identify issues in their group and find ways if solving them. Third Party intervention: This type of intervention will look at dormant interpersonal relations in the organization, at this, an expert will be called to take the group through the intervention process. Define and Discuss Learning Organisations. According to Akpoyomare, et al. (2012), learning organization is a term that is given to an organization which facilitated the learning of is employees from time to time in an effort to transform the whole organization. The term was discovered by the research of Peter Senge and his colleagues due to the pressure that was facing modern organisations, to assist them remain competitive in the business environment. During learning organisations, the following areas are usually of paramount importance. Systems Thinking: This is where the idea of learning organisations was derived. According to Baker Anderson (2010), this involves a conceptual framework which allows groups of people in the organization to study areas that are business bound. In learning organisations, individuals will use this type of thinking during the time they are assessing their company to have information systems which measure performance in the organization as part of its various components. According to Harzing Pinnington (2011), system thinking will look at all organizational characteristics as being apparent at once in the organization so that it can qualify as a learning organization. There also need to be commitment by individuals in the organization during the learning processes. This is known as personal mastery. In any industry, there will be competitive advantage for the organization that has a workforce which learns a lot in a short time than that which does not. In addition, each individual learning will be acquired by conscious self-improvement, development and staff training. In addition, learning will not just be forced on an individual which is not open to learning. According to Armson Whiteley (2010), a lot of learning in the when at workplace is usually objective. It does little to do with the individuals formal training. In this regard, it becomes important for organisations to develop a culture that personal mastery is the order of the day. In addition, organisations need to have a shared vision. This is important as organisations are able to come up with a common identity which is important in creating energy and vision for learning. According to Akpoyomare, et al. (2012) the most successful organisations are built on a vision that is shared am ong individuals at all levels of the organization. In this regard, traditional structures should be done away with and introduce new decentralized structures with long term goals for the company. In addition, Akpoyomare, et al. ( 2012) adds that there must be team learning as it allows for the staff to grow and learn more quickly than individual learning. In also problem solving within the organization becomes easier in a team that when done at the individual levels. If all the above steps are observed, then organisations will benefits as it will improve the quality of outputs at all organizational levels. There will be increased levels of innovation and organisations will be able to remain competitive. Organisations will also be in a better place to respond to external pressures. The companys corporate image will also improve at different organizational levels, lastly, learning pace in the organization will be increased brining about change(Armson Whiteley, 2010). If these processes are implemented in step by step processes then organisations are bound to have competitive advantage over the rest. Describe Performance Management and Appraisal from Both Individual and Group Perspectives. According to Ibbs, et al. (2011), performance management in organization is usually goal oriented. It will be aimed at making sure the organization process is in the place to maximize employee productivity, that of the team and the organization as a whole. Performance management thus plays are major part in the creation and fulfilment of the organizational strategy as it looks at ways of measuring and improving workforce value for the individual and the organization. At the individual perspective, performance management will look at the way incentives are provided and other areas like annual leave and working hours. Bozarth Handfield (2012) adds that there is a close relationship between performance and salary scale. In this regard, performance management systems thus becomes one of the major focus for modern businesses. In addition, even though different functions of human resource will contribute to training, performance appraisal and performance management will play a major role in all the functions. In addition, when one looks at performance appraisal, it will usually occur at a specific time in the organization, performance management. On the other hand will be ongoing and dynamic all the way. As an individual, one becomes the part of performance management systems(Best, 2008). This is because areas such as appraisal, training, rewards are all integrated and linked about continuing the effectiveness of the organization. According to Ibbs, et al. (2011), performance management ensures that efforts of each worker is directed at achieving particular strategic goals. In addition, when the skills of a worker needs to be improved, performance management will recommend that the individual undergo training in the area. This is because through training, organizational goals are also achieved. On the other hand, performance appraisal is a formal system of evaluation and review of the individual and team task performance. The main areas to look at is the word formal, this is because in a normal setting, it is the manager who reviews individual performance and recommend for appraisal. At organizational level, performance appraisal will highly be responsible for the success of the organization. Even though performance appraisal is one component when looking and performance management, it is important and it will directly be controlled by the companys strategic plan. Best (2008) adds that although organizational performance evaluation is important when team exist in organisations, the focus when it comes to performance management in organisations will remain to be on this side of an individual employee. Even without the emphasis, the most effective appraisal system will usually evaluate organization performance and come up with plans to develop goals, and objectives in the organization. Hackman Katz (2010) also argues that performance appraisal is mostly a negative activity that is disliked by employees since it eludes mastery. In addition, most managers refrain from giving them and employees may not like receiving them, especially when lower rated. In addition, some managers may provide appraisal of employees, which cannot be centered on the employee, but on the ways that they love the employee. Best (2008) however says that performance appraisal should be used to encourage performance and improvement. It can also be nice criteria for justifyin g terminations or improving results in the organization. Describe Both Downsizing and Re-engineering, then Compare and Contrast them. Downsizing in organization is used in the reduction of the size of employees or other aspects of the organization in an effort to improve financial performance. According to Heller Darling (2012), an organization will use different techniques during downsizing. The most common is laying off employees; in doing so, organisations will provide incentives as a ways to request them to take early retirement and transfer to other equal companies. However, the most common ways of doing this is simply terminating employment of a particular number of people, especially from a department that simply is not performing. In addition, organization downsizing will also take place as part of the companys restructuring program. Even though this is thought of as being a strategy which companies can use to become smaller, organization downsizing is can also come up during mergers, takeovers and acquisitions. According to Giannakis, et al. (2015), organization downsizing is usually common ways of laying off employees and reducing the cost of payroll for the company. This will also involve shuttering dormant operations and offering theses employees early retirement packages. Organization downsizing is also seen during downturns of economy of a country to improve organization efficiency and maintain profitability in the organization. However, in the event that several companies cut off their payrolls, then it may downturn because of higher unemployment. One example of downsizing happened with Mobil ink in 2009 where the companys employees were shocked and stunned inn a manner which they were terminated. There were total of 60 employees in the hit list that included on director, specialists and managers and associates. Also in 2014, the Pakistan international airlines laid off extra employees where the federal government in the same effect introduced a voluntary handshake plan for them(Jacobs Chase, 2014). Organization re-engineering on the other hand is the process of improving the organization. Just like organizational downsizing, re-engineering is usually focused on increasing the companys profits, reducing costs and improving the companys competitive advantage in the marketplace. As it does this, organization re-engineering will also look at ways to enhance the companys public image. Through re-engineering companies are required to look closely at the strengths and weaknesses, they need to understand the difficult questions so as to known where it may be vital for them to make changes for the betterment of the organization. There are several important elements at are looked at during organization re-engineering(Baker Anderson, 2010). For example, re-engineering does not take place when there is no full support of the upper management of the company. When there is clear approval of the management, then people responsible for re-engineering will be called upon to develop a clear plan that will review the organizations mission and vision and decide on the new strategic direction. Just like downsizing, re-engineering in organisations offers several benefits for the overall productivity of the company. First, it identifies elements of the organization that will create costs with few benefits and come up with necessary adjustments. These adjustments are at times changes in the way the department is conducting its business. What are the Advantages and Disadvantages of Alliances? Give Examples where Appropriate. According to Cameron (2004), a strategic alliance happens where there is an agreement between two or more companies in an effort to realize the set objectives which are required by the partnership while at the same time maintaining the independence of the organisations. Heneman Judge (2006) adds that a strategic alliance usually falls short of any form of legal agency, entity or corporate affiliation kind of relationship. Usually strategic alliance exists among to companies which come together to form a strategic alliance. In doing so, there must be a shared interest in what each side possesses. This can be in form of expertise, or assets that if incorporated will help the other partners grow or develop in their business. Also Dowling, et al. (2013) argues that strategic alliance are used in outsourcing the relationship in situations here the two companies a looking to have a long term growth and innovation on the basis of mutually desired outcomes. Usually this kind of corporation is acquired when companies merge or corporate among each other. In this regard, strategic alliance are important to maintaining mutual benefits among organisations. During such alliances partners will provide different types of strategic alliance resources. This main include distribution channels, products, project funding, manufacturing workforce, capital equipment, expertise, knowledge and intellectual property. Dowling, et al. (2013) adds that a strategic alliance should also be looked at in terms of a collaboration or cooperation that is geared towards some form of a synergy where each of these partners hopes that they are going to benefit from the alliance. Each of then hopes to find something greater than individual efforts in the alliance. In most cases, strategic alliances involve the transfer of technology including access to expertise and knowledge, shared expenses, economic specialization and sharing of risks involved. This shows that strategic alliance have a lot of advantages to individual companies. Armstrong (2012) affirms that strategic alliances have often been used to solve emerging problems in organisation and increase collaboration and innovation among them. There are however some advantages in strategic alliances, one of them is lack of control for the company. When a company aligns with another, they tend to lose some degree of control in the way they run the business or how it is perceived by the public. For example, if one is running a hotel business and forms an alliance with the meat processing company a few blocks away, one may not be responsible for hiring and training meat producers meaning they may not be responsible on how they do their jobs(Blake, et al., 2012). This means that if the meant producer delivers stale meat and is processed in to a hamburger by your company, you may not control this. The other disadvantage is that it provides unequal benefits for the company. This calls for a lot of care when vetting the contractual agreement. In most cases, businesses are not assured that the alliance will be beneficial to both of the companies. For example if one agrees to refer customers to the meat production company, the fact that people may begin buying meat and making home hamburgers is not the partners fault. References Adrian, H., 2009. Corporate truth: the limits to transparency. Sterling: VA: Earthscan.. Akpoyomare, O., Adeosun, L. Ganiyu, R., 2012. Differentiation and Positioning Strategy: A Toss of the Same Coin.. International Journal of Management and Sustainability, 1(2), pp. 53--65. Armson, G. Whiteley, A., 2010. Employees' and managers' accounts of interactive workplace learning: A grounded theory of complex integrative learning. Journal of Workplace Learning, 22(7), pp. 409-427. Armstrong, M., 2012. Armstrong's handbook of management and leadership: developing effective people skills for better leadership and management. s.l.:Kogan Page. Baker, H. K. Anderson, R., 2010. Corporate Governance: A Synthesis of Theory, Research, and Practice (Robert W. Kolb Series). s.l.:Wiley; 1 edition. Best, R., 2008. Market-Based Management (5th Edition). s.l.:Prentice Hall; 5 edition. Blake, S., Browne, J. S.Sime, 2012. A practical approach to alternative dispute resolution. 2 ed. Oxford, United Kingdom.: Oxford University Press. Bozarth, C. Handfield, R., 2012. Introduction to operations and supply chain management. 3rd ed. Upper Saddle River, New Jersey: Pearson Prentice Hall.. Cameron, K., 2004. Strategies for successful organisational downsizing. Human Resource Management, 33(2), pp. 189-211. Cascio, W. Wynn, P., 2004. Managing a downsizing process. Human Resource Management, 43(4), pp. 425-436. Chernev, A. Kotler, P., 2012. Strategic Marketing Management, 7th Edition. s.l.:Cerebellum Press; 7th edition. Crane, A. Matten, D., 2014. Business ethics : a European perspective : managing corporate citizenship. 2 ed. Oxford: Oxford University Press. Dowling, P., Festing, M. Engle, A., 2013. International Human Resources Management. 6 ed. s.l.:Cengage Learning EMEA. Giannakis, D., Harker, M. T.Baum, 2015. Human resource management, services and relationship marketing: the potential for cross-fertilisation. Journal of Strategic Marketing, 23(6), pp. 526-17. Hackman, J. Katz, N., 2010. Group behavior and performance. In S. T. Fiske, D.T. Gilbert, G. Lindzey (Eds.). Handbook of social psychology (5th ed.), Volume 2, pp. 1208-1251. Harzing, A. Pinnington, A., 2011. International Human Resource Management. London: Sage Pub. Heller, V. Darling, J., 2012. "Anatomy of crisis management: lessons from the infamous Toyota Case",. European Business Review, , 24(2), pp. 151-168. Heneman, H. Judge, T., 2006. Staffing organizations. 5th ed. Middleton, WI.: Mendota House. Ibbs, C., Kwak, Y. Wong, C., 2011. Project Change Management System. Journal of Management, 17(3), pp. 159-165. Jacobs, R. F. Chase, R. B., 2014. Operations and supply chain management. 14th ed. New York: McGraw-Hill/Irwin.

Wednesday, April 22, 2020

Software Crisis free essay sample

Software crisis is a term used in the early days of software engineering. The term was used to describe the impact of rapid increases in computer power and the complexity of the problems which could be tackled. This was with regards to the difficulty in writing correct, understandable and verifiable_ computer programs_. VERIFIABLE:-With regards to hardware and software systems, a formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics The roots of the software crisis are complexity, expectations, and change. Conflicting requirements have always hindered the software development process. As users demand a large number of features, customers generally want to minimize the amount they must pay for the software and the time required for its development. An example is the problem of trying to write an encyclopedia which is very much like writing software. We will write a custom essay sample on Software Crisis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Let say both run code and a hypertext/encyclopedia which is a wonderful turn-ons for the brain. Note you will turn to_ want more of it the more you see, like a drug. _ You know user you want it to do everything but as a customer you dont really want to pay for it and as a producer you realize how unrealistic the customers are. Requirements will conflict in functionality vs affordability and in completeness (get everything in) vs timeliness (meet the deadline) The causes of the software crisis were linked to the overall complexity of the software process and the relative immaturity of software engineering as a profession. The crisis manifested itself in several ways: Projects running over-budget. Projects running over-time. Software was very inefficient. Software was of low quality. Software often did not meet requirements. Projects were unmanageable and code difficult to maintain. Software was never delivered. Various processes and methodologies have been developed over the last few decades to tame the software crisis with varying degrees of success. However, it is widely agreed that there is no silver bullet ? that is there is no single approach which will prevent project overruns and failures in all cases. In general, software projects which are large, complicated, poorly-specified, and involve unfamiliar aspects are still particularly vulnerable to large unanticipated problems Software Crisis free essay sample The term software crisis has been used since the late 1960s to describe those recurring system development problems in which software development problems cause the entire system to be late, over budget, not responsive to the user and/or customer requirements, and difficult to use, maintain, and enhance. The late Dr. Winston Royce, in his paper Current Problems [1], emphasized this situation when he said in 1991: The construction of new software that is both pleasing to the user/buyer and without latent errors is an unexpectedly hard problem. It is perhaps the most difficult problem in engineering today, and has been recognized as such for more than 15 years. It is often referred to as the software crisis. It has become the longest continuing crisis in the engineering world, and it continues unabated. This chapter describes some of the current issues and problems in system development that are caused by software—software that is late, is over budget, and/or does not meet the customers requirements or needs. We will write a custom essay sample on Software Crisis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Software is the set of instructions that govern the actions of a programmable machine. Software includes application programs, system software, utility software, and firmware. Software does not include data, procedures, people, and documentation. In this tutorial, software is synonymous with computer programs. Because software is invisible, it is difficult to be certain of development progress or of product completeness and quality. Software is not governed by the physical laws of nature: there is no equivalent of Ohms Law, which governs the flow of electricity in a circuit; the laws of aerodynamics, which act to keep an aircraft flying stably in the air; or Maxwells Equations, which describe the radiation of energy from an antenna. 7* 1 In addition, software is not manufactured like hardware; it does not have a production phase nor manufactured spare parts like hardware; it is typically custom-built, not assembled from existing components like hardware. Even in odays society, software is viewed with suspicion by many individuals, such as senior managers and customers, as somewhat akin to black magic. The result is that software is one of the most difficult artifacts of the modern world to develop and build. 2. Introduction to Papers The opening paper fortuitously appeared in a recent issue of Scientific American as the editors were casting about for a way to incorporate a recent rash of high-publicity software problems into the motivation for this tutorial. The paper defines and presents essentially all the major issues currently plaguing software development and maintenance. The article is popular rather than technical in the sense that it is journalistic in style and focuses on popular perceptions of software as black magic, but it raises many issues that software professionals need to be familiar with. It is also worth noting that many of the problems described are partly or largely due to nonsoftware issues such as politics, funding, and external constraints, but again the software professional needs to know that problems unrelated to software engineering must overcome if software projects are to be successful. The term software crisis not unexpectedly originated with the military, for that is where large, complex real-time software was first developed. More recently, as civilian and commercial software systems have approached and exceeded military systems in size, complexity, and performance requirements, the software crisis has occurred in these environments as well. It is noteworthy that the Scientific American article mentions military systems only peripherally. The article begins with a discussion of the highlypublicized and software-related failure of the baggage system at the new Denver International Airport. As of the date of the article, opening of the airport had been delayed four times, for almost a year, at a cost to the airport authority of over $1 million a day. Almost as visible in recent months, and also mentioned in the article, are failures of software development for the Department of Motor Vehicles (DMV) of the State of California, and for the advanced air traffic control system of the US Federal Aviation Administration (FAA). The DMV project involved attempts to merge existing, separately developed systems that managed drivers licenses and vehicle registrations. As 2 as been pointed out in the press [2], the State of California has had problems with computer projects of over $1 billion in value, and the problems resulted from the acquisition policies of the State of California (how contractors and consultants are selected and managed by the State), and from hardware-software integration difficulties, as well as from causes strictly related to software development. The article identifies the first use of the term software engineering in a 1968 conference of the NATO Science Committee in Garmisch, Germany. (See also the Bauer article in this Tutorial. Many approaches that have been proposed to improve software development are discussed; the author feels that most of these ideas have not lived up to the expectations of their originators. Also discussed is the idea that there are no silver bullets. (See the article by Brooks in this chapter. ) The Scientific American article looks favorably on the use of formal specification methods to solve th e problem of software quality, and on software reuse (the ability to use a software product developed for one application again later for another application) to solve the productivity or cost problem. The Software Engineering Institutes Capability Maturity Model was also favorably mentioned (see the article by Paulk, Curtis, Chrissis, and Weber in this Tutorial) as a motivation to software developers to improve their practices. The paper reports an SEI finding that approximately 75 percent of all software developers do not have any formal process or any productivity or quality metrics. Because software development depends on an educated workforce and good communications rather than on a fixed plant of any kind, software is inherently a suitable export product for developing countries. Although the US is still strong in software design and project management, the article notes that third world countries—notably India and Far Eastern countries— are capable of producing many more lines of code per dollar. A sidebar by Dr. Mary Shaw provides a view of software engineerings history, and of how that history may serve as a roadmap for software engineerings future. Finally, the paper urges education of computer science students in software engineering as an essential step toward resolving the software crisis. The second and last article in this chapter, No Silver Bullets: Essence and Accidents of Software Engineering, is by Fred Brooks, one of the legendary figures in software engineering. He has been called the father of software engineering project management in the United States. He worked at IBM in the 1960s and was the software project manager for the OS/360 operating system. This paper, which he wrote in 1987, states that no single technique exists to solve the software crisis, that there is no silver bullet. The easy problems (accidents) have been solved and the remaining difficulties are essential. He views the solution to the software crisis as a collection of many software engineering tools and techniques that, used in combination, will reduce or eliminate software problems. Although Brooks sees no single solution to the software crisis, no single technology or management technique, he does see encouragement for the future through disciplined, consistent efforts to develop, propagate, and exploit many of the software tools and techniques that are being developed today. In a report, also written in 1987 [3], Brooks states his belief that most software development problems of the US Department of Defense are managerial rather than technical. ) Brooks believes the hard part of building software is the specification and design of a system, not the coding and testing of the final product. As a result, he believes that building software will always be hard. There is no apparent simple solution. Brooks describes the three major advances in software development as: †¢ †¢ The use of high level languages The implementation of time-sharing to improve the productivity of programmers and the quality of their products Unified programming environment Brooks a lso cites the Ada language, objectoriented programming, artificial intelligence, expert systems, and automatic programming (automated generation of code from system specification and design) as technologies with the potential for improving software. A central nervous system of some 100 computers networked to one another and to 5,000 electric eyes, 400 radio receivers and 56 bar-code scanners orchestrates the safe and timely arrival of every valise and ski bag. At least that is the plan. For nine months, this Gulliver has been held captive by Lilliputians—-errors in the software that controls its automated baggage system. Scheduled for takeoff by last Halloween, the airports grand opening was postponed until December to allow BAE Automated Systems time to flush the gremlins out of its $193-million system. December yielded to March. March slipped to May. In June the airports planners, their bond rating demoted to junk and their budget hemorrhaging red ink at the rate of $1. 1 million a day in interest and operating costs, conceded that they could not predict when the baggage system would stabilize enough for the airport to open. To veteran software developers, the Denver debacle is notable only for its visibility. Studies have shown that for every six new large-scale software systems that are put into operation, two others are canceled. The average software development project overshoots its schedule by half; larger projects generally do worse. And D some three quarters of all large systems are operating failures that either do not function as intended or are not used at all. The art of programming has taken 50 years of continual refinement to reach this stage. By the time it reached 25, the difficulties of building big software loomed so large that in the autumn of 1968 the NATO Science Committee convened some 50 top programmers, computer scientists and captains of industry to plot a course out of what had come to be known as the software crisis. Although the experts could not contrive a road map to guide the industry toward firmer pound, they did coin a name for that distant goal: software engineering, now defined formally as the application of a systematic, disciplined, quantifiable approach to the development, operation and maintenance of software. A quarter of a century later software engineering remains a term of aspiration. The vast majority of computer code is still handcrafted from raw programming languages by artisans using techniques they neither measure nor are able to repeat consistently. Its like musket making was before Eli Whitney, says Brad J. Cox, a professor at George Mason University. Before the industrial revolution, there was a nonspecialized approach to manufacturing goods that involved very little interchangeability and a maximum of craftsmanship. If we are ever going to lick this software crisis, were going to have to stop this hand-to-mouth, every-progranrnier-biiflds-everything-from-theground-up, preindustrial approach. The picture is not entirely bleak. Intuition is slowly yielding to analysis as programmers begin using quantitative measurements of the quality of the software they produce to improve Softwares Chronic Crisis by W. W. Gibbs from Scientific American, Sept. 1994, pp. 86-95. Reprinted with permission. Copyright  © 1994 by Scientific American, Inc. All rights reserved. 4 the way they produce it. The mathemat- bedded in light switches, youve got to ical foundations of programming are get the software right the first time besolidifying as researchers work on ways cause youre not going to have a chanc e of expressing program designs in alge- to update it, says Mary M. Shaw, a probraic forms that make it easier to avoid fessor at Carnegie Mellon. serious mistakes. Academic computer The amount of code in most conscientists are starting to address their sumer products is doubling every two failure to produce a solid corps of soft- years, notes Remi H. Bourgoi^Jon, diware professionals. Perhaps most im- rector of software technology at Philips portant, many in the industry are turn- Research Laboratory in Eindhoven. Aling their attention toward inventing the ready, he reports, televisions may contechnology and market structures need- tain up to 500 kilobytes of software; an ed to support interchangeable, reusable electric shaver, two kilobytes.

Monday, March 16, 2020

Art Essays

Art Essays When you are writing an art essay, you observe closely different art products such as paintings, sculptures, dramas, and symphonies in order to understand them, respond in your essay, and relate individual texts to each other and to your objects under discussion. Art itself is a very complicated term. To be sure that the subject of your art essay is an artwork, consider these 9 criteria of artistic product: There should be an artist (or more than one) There should be the process during which an artist shows his craftsmanship, talent, genius Before the process has started there should be inspiration. After the process started – devotion with heart, head, and soul There should be a basic reality known to the world or not known, outward or inward, realistic or fatalistic, of which the final product forms a true copy of this basis reality (or immediate reflection) The final product, which is generally perceived as original, unique or new and therefore attractive and compelling The final product, which stands the passing of the time and taste The final product, which appears to the most sincere personal feelings of observer The final product, which enriches the observer with new personal feelings and thoughts The final product, which ultimately appeals to the philosophical nature of the observer as a human being In art essay assignments teachers will require you to become an intelligent observer and art-critic. In order to succeed in writing good essay you should know the art elements, principles of design, and present you thoughts logically and in a coherent way. Ask yourself the following questions when you are writing your essay and do your best to answer them. Which criteria of artistic product might be applicable to this painting? Why is this art, for what reason? Where does this work fit into the history of art? Does it remind me of any others I have seen, and in what way? Can I make any connection between this piece and others? What do I know about the artist? Is there anything about his or her background that would influence my reaction to this work? Does this work fall into any particular theme in the history of art? If so, how does it echo or contradict other works done in the same theme? When and where was this work made? What else was going on in the world at the same time? What are the characteristics of the culture from which it emerges, and how does the work reflect those characteristics? What is the form of this work? What is the work made of, and how is it organized? What is the content of this work? What do I know about its iconography? Is there a recognizable subject, and, if so, how is that subject treated? Are there symbols, and can I decode them? What are the depth devices used by the painter? Is depth the only device in order to create the illusion of reality? What lines can you see? What may be the effect of these lines? What kind of linear techniques were used? What about light and value? What about positive shapes and negative shapes? What elements? Does this work seem unified, and is there enough variety to sustain interest? How has the artist balanced the composition? What is the focal point or points, and how did the artist create them? What roles do proportion and scale play, and how are they handled? Do I sense a particular kind of rhythm? Are the materials of this work important to its type of expression and its overall effect? Does this work seem well crafted? If so (or if not), does it matter? What iconography aspects are in the painting? What might have been the  purpose if this painting if there is any? What feelings, memories, or associations does this work evoke in me? Does it make me feel happy, angry, sad, frightened, disgusted, uplifted, inspired, depressed? Can I imagine the artist felt the same way? Do I feel any sense of kinship with the artist? Do I like it? Could I live with this art? When you will answer all these eighteen questions thoughtfully and carefully you will receive great academic paper, which will surely deserve a good grade. If you need custom art essay of high quality you can order essay from our company.

Saturday, February 29, 2020

How to Write the University of Notre Dame Essays 2018-2019

The University of Notre Dame, located in South Bend, Indiana, is a private Catholic research University ranked #18 on the U.S. News and World Report’s Best National Universities List . Boasting a football team with 11 national championships, the nation’s top Italian program, world-renowned business and architecture schools, rich alumni connections, Notre Dame offers all the benefits of a small tight-knit college community in the context of a larger top-notch research institution. Over 80% of the university’s undergraduate students live on campus in one of the 31 single-sex residence halls, each with its own traditions, legacies, events, and sports teams. There is no greek life on campus, but the majority of students live in the same residence hall for all four years. The university is affiliated with the Congregation of Holy Cross, with over 47 chapels on campus, however, religious affiliation is not a criterion for admission. The university boasts over 120,000 alumni, including noteworthy graduates like Condoleezza Rice, Nicholas Sparks, and Joe Montana. Notre Dame’s acceptance rate for the class of 2022 was roughly 17.6% with applications up 4% over the previous year. With three 150 word short responses, Notre Dame’s writing supplement allows you to set yourself apart from the 20,000+ applications that vie for the coveted spots. To apply to Notre Dame, candidates may submit either the Common Application, or the Coalition Application. The college does not prefer one or the other. Candidates may apply through the Restrictive Early Action process (due November 1st), or the Regular Decision process (due January 1st). In addition to the required essay in the Common Application or Coalition Application, Notre Dame requires three supplemental essays: applicants are all required to complete the first prompt, but may choose from 4 different options for the second and third prompts. Read on to find out how to tackle them! Like other schools, Notre Dame has a â€Å"Why X School?† prompt to understand why the applicant is passionate about applying to Notre Dame. While this type of essay will rarely be the reason why an applicant is accepted to a certain school, it can demonstrate commitment and understanding of that school. Simply put, Notre Dame wants to understand why you want to attend their institution over all the other schools you are applying to — what makes them unique in your list. There are a few qualities that will make your essay stand out . Be as specific as possible — specificity is the key to writing a good, eye-catching essay. Try to include specific details about Notre Dame. Is it the non-existence of greek life, the religious dedication of the school, or the research-based curriculum that intrigues you? Is there a specific program that Notre Dame offers that other schools don’t or is it the rich alumni connections that provide you stronger internships and job prospects that you really care about? These are the type of details that Notre Dame wants to hear from you — how do the programs, opportunities, and curriculum that they offer fit into what you are looking for in your college experience? Generic statements like â€Å"Religion is important to me†, or â€Å"I enjoy the study abroad options available† are too broad and non-unique , they are cookie-cutter and can be used for many universities across the US (many colleges have a religious affiliation and most colleges offer opportunities to study abroad). Rather, turn this around to demonstrate how going to a strong Catholic institution will strengthen your spiritual roots or how a service trip that Notre Dame offers to Nicaragua can give you the chance to work with underserved communities and utilize your Spanish skills. The more specific, the better your essay will be and the more you will stand out. Don’t be afraid to refer to specific professors, labs, internships, study abroad opportunities, and even classes that you are excited to take. This shows that you have done the research for Notre Dame and aren’t simply using another school’s essay and replacing the school name to Notre Dame. A quick note about choosing prompts. Before immediately setting your mind on two prompts, try brainstorming ideas for each of the four options provided. Start to draft mini paragraphs and sense which prompts you may be more passionate about. There is no right of wrong prompt, but some prompts will allow you to unleash more of your personality or tell more of your story — which will frame your application in a more positive light. Here are a few questions to ask yourself before you choose your prompts, especially for Notre Dame: Estimating your chance of getting into a college is not easy in today’s competitive environment. Thankfully, with our state-of-the-art software and data, we can analyze your academic and extracurricular profile and estimate your chances. Our profile analysis tool can also help you identify the improvement you need to make to enter your dream school. Essentially, this prompt is asking, â€Å"How have you supported others?† The stronger essays will be more personal about a time you helped out a family member, friend, neighbor, or community in need. You want to show how you specifically had an impact on someone else and were there to support them through a rough time. Avoid talking about raising money for an organization or 5Ks (or 10Ks) that you did for a certain cause. While those activities may mean a lot to you, they don’t show the direct impact your actions had to support someone. Rather, something more powerful to write about would be the time your friend was really confused in math class and you sat down and helped him/her through the homework problems even though you had to skip tennis practice to do that. This shows your more humane, compassionate side — which is what Notre Dame wants to see. Really try to focus on the small gestures that had an impact on someone else. For example, you could write about the time you acted as a mentor to underclassmen, showing them around school on the first day when they were lost. While this may seem like a nonessential action that you took, it demonstrates how you supported freshmen and made them feel welcome in their new high school environment. The essay really wants you to show how you welcomed, supported, and helped a person (or group of people). Another thing to note is that your action doesn’t need to have an earth-shattering impact on someone else. However, the more reflective you are, the stronger the essay will be. Talk about how you felt helping someone else(were you worried? Confident? Nervous?) — add a more humanizing element to the essay to show that you are more than your GPA and test scores. Focus on a time you supported someone, be specific, provide details, and include how your actions impacted that person. This essay is straightforward, and with only 150 words, make sure to be concise, yet include specific details and reflections to make the essay stand out. This prompt is very open-ended , and allows you to be creative. You could write about anything from a pet, a lucky pencil, or even a stuffed animal that you will bring to college with you. The college admissions officers are not going to judge you for what you necessarily say as the one item (make sure to keep it appropriate of course), but what they care about is your explanation of why that certain item means a lot to you. For example, if you are bringing your favorite stuffed animal that is a pig, they want to know why this stuffed animal is so important to you. Have you had this stuffed animal since you were a small child or was this the stuffed animal that you always went to when you were down and made soaking wet with your tears? This type of detail and personal touch will make your essay stand out from the more generic ones. Adding specific elements that are personal and showcase the reasons why that object is important to you will help the college admissions officers understand you as an applicant better. You may also want to consider bringing something that is not tangible. Bringing certain emotions, memories, or ideas can be a spin on this essay. For example, bringing an inspiring phrase your grandmother always told you or your dedication to saving the environment, can take this essay in an interesting direction. Whatever one thing you choose, make sure to include personal details explaining why it means a lot to you. While this question may seem straightforward, it is definitely one of the harder of the 4 essay options. Rather than starting with how to answer this prompt, let’s start with how not to answer this question . Do not talk about the time that your parents didn’t say â€Å"good job† for your stellar grades, or how your teacher didn’t notice that you were the one that put together the entire presentation by yourself (even though it was a group presentation). Also, do not compare yourself with a sibling and comment how your sibling always gets praised and you don’t. These are all situations that come off as whiny, immature, and accusatory . Instead, the way to go about this essay is talking about the personal accomplishments you made over the past four years. Talk about your own personal goal to run a mile everyday for a year or your new resolution to eat dessert only once a week. These may all seem like trivial aspects of your life — but they give insight into who you really are. Running a mile everyday for a year shows college admissions officers that you have the drive and hard-work necessary to continue something for an entire year while eating dessert only once a week demonstrates your self-control and discipline. You may not have received recognition for these actions (as many may not even know that you are doing them), but they mean something to you . Another way to approach this essay is to talk about a personal challenge you had to overcome. Maybe it was a social problem you had to face in high school forcing you to stand up for a close friend, or a friend that passed away. These type of situations may not come off directly as proud accomplishments, but can be turned around to demonstrate how proud you are afterwards for sticking up for that friend or for being able to move on and be level-headed after that funeral. These type of situations show college admissions officers that you are able to turn lemons into lemonade. Your proudest accomplishment doesn’t have to be about the good times, it can also be about the bad— but if your choose this route, make sure to clearly explain why you it was a proud moment. This option allows you to be completely creative and take a bold risk . You could write about a community service project you are part of, why you think McDonalds is better than the West Coast In-N-Out, or your passion for figure skating (even though you always fall). The best essays will be ones where you unleash your inner personality and give insight into who you really are. You can take this in two ways. If you are funny, take a jab and write a humorous piece about the life of a high school AP Chemistry student. If you are very serious, maybe take time to reflect on how being serious your entire life has helped, or even hurt, you. Notre Dame wants you to take that risk with this essay and really express who you are (keep in mind you only have 150 words to do this though). If you have taken a creative writing class, or done some personal writing that is on the more creative side, this is the prompt for you. Explore with different forms of writing — poetry, satire, comedy, or even an extremely short 150 word story. This will be sure to stand out from the other applicants. If you feel uncomfortable with creative writing, you can go the more traditional route and talk freely about something you are passionate about. This more traditional essay pairs well if you have dedicated your past four years towards something you are really passionate about whether that be a certain political movement, club that you started, an organization you are on the board for, or research that you have done every summer. If you have something like that, this essay gives you the opportunity to expand on why those personal projects mean so much to you.    This essay could go incredibly well, or easily come off the wrong way to someone who doesn’t know you. So be sure to have other people read your essay (especially someone who might not know you well!). Taking this option, while it may have a high risk, also has high rewards. Want help on your Notre Dame application or essays? Learn about our College Apps Program . Want us to quickly edit your college essay? Submit it to our Rapid Review program , and we’ll get it back to you quickly with comments from our expert team. We'll send you information to help you throughout the college admissions process. Joyce Ivy Foundation Scholars-A Summer Opportunity for Women from the Midwest If you’ve ever received emails or correspondence from various organizations that claim you can be a part of an elite group of individuals, you are probably not alone. Many times, the opportunities offered sound too good to be true, and when you delve a little deeper, you learn that you can be this scholar or that scholar for an exorbitant fee. If you receive an email from the Joyce Ivy Foundation   making similar claims, don’t toss out the mail or delete the email. The Joyce Ivy Foundation is an organization that offers young women from across the Midwest the opportunity to become a Joyce Ivy Foundation Scholar, a position which includes myriad benefits, but without any hidden fees! If you are a woman from the Midwest and have aspirations of attending a highly selective university, read on to learn about how the Joyce Ivy Foundation can help you achieve your dreams. The Joyce Ivy Foundation was started in 2006 after a group of Midwest natives who had attended colleges such as Princeton, Harvard, Dartmouth, and Brown, came together with the goal of providing other young women from the Midwest the same educational opportunities they had. The founders realized that students from the Midwest were under-represented on the campuses of these highly selective universities due to lack of awareness about the opportunities and scholarships that were available to them. They also recognized that many students in the Midwest were unable to recognize their own talent or felt that they couldn’t compete with students from other parts of the country, and the foundation wanted to encourage young women to pursue various opportunities outside of their comfort zone. The Joyce Ivy Foundation created the Summer Scholars Program , which gives young women from the Midwest the opportunity to venture away from home during the summer to attend some of the most highly selective universities in the country. The foundation provides critical information about admissions, the financial aid process, the interview process, and connects scholars with peers and mentors to boost their confidence. Each year, the Joyce Ivy Foundation (JIF), names young women from Michigan, Ohio, Nebraska, Missouri, South Dakota, and North Dakota Joyce Ivy Foundation Scholars. In 2016, 78 Scholars were named from 70 different schools. Once selected as a JIF Scholar, students are offered the opportunity to attend summer programs at schools such as Yale, Harvard, MIT, Johns Hopkins, and more. The programs at these institutions vary in length, but most range from two to seven weeks. In some cases, students may be eligible to receive college credit for the coursework. Once on the campus of your selected university, you will be immersed in college classes, studying alongside university students. You will be taught by university professors, live in the college dorms, and experience life in a city. This experience allows you to have a college experience during your summer vacation that may prove to be life-changing. There are many highly qualified individuals that apply, and the selection process is very competitive. Selection criteria are based on academic record, intellectual qualities, involvement in extracurricular activities, and leadership in school and your community. You are more likely to be named a Joyce Ivy Scholar as a rising junior or senior, although there have been instances when an exceptional rising sophomore is selected. If you choose to apply as a rising sophomore, please understand that you will be competing against some of the top students in your state. The application is available in December for female students in their sophomore or junior year of high school.   On occasion, exceptional students may be chosen as rising sophomores. The application is very similar to the Common Application .   You  will be required to fill out similar forms and write essays from past and present Common Application prompts, which allows you to get a better understanding of the college application process. If you are applying for need-based financial aid, you will need to submit your parent’s tax documents to verify financial need. Our Early Advising Program helps students in 9th and 10th grade discover their passions and build strong academic and extracurricular profiles to succeed in high school. The Joyce Ivy Foundation has three levels of funding available for summer study. Funding levels are $6,000, $3,000 and $1,000. The funding is based on demonstrated financial need and is calculated estimating the full cost of attendance which includes tuition, room, board, travel, and spending money. The $1,000 award is merit-based, and although the application is the same, you will not be required to submit tax documents for this level of funding. Students will typically receive a partner scholarship from the university, and scholarship amounts will be determined by the cost of the specific summer program the student chooses to attend. In order to receive funding from the University and the Joyce Ivy Foundation, you must complete separate applications for the summer program as well as the Scholar program, and you must identify yourself as a Joyce Ivy applicant.   The Foundation encourages students to complete both applications early as funding is limited. Being named a JIF Scholar is not a prerequisite to attend a summer program. All programs that partner with JIF are open to any student, but being named a JIF Scholar confers additional financial and networking advantages. Once you are named a JIF Scholar, you will attain access to peer mentoring and support from the foundation regardless of whether or not you can attend a summer program. However, the funding you may receive can only be used for a summer program prior to graduating from high school and cannot be used for undergraduate study. The foundation has created geo-circles where students from across the Midwest are connected to each other and mentors from the organization to share information, concerns, questions, victories and defeats. The Scholars often find themselves connected for years to come and many form life-long friendships. â€Å"Receiving the opportunity to attend a summer program at Brown University stretched my comfort zone, and it provided me a first-hand experience of connecting with peers in a college environment. It opened my perspective and perception of others as I ventured outside of North Dakota, which I learned to thrive independently in a vibrant metropolitan city. Engaging in a high level academic environment allowed me to see how passionate other students were in their fields of study. The Joyce Ivy foundation served as my foundation to pursue my passion for education, as it fulfilled my desire for knowledge and learning to allow me to get into my dream school.† – Lynna, North Dakota JIF Scholar 2016 â€Å"My summer program at WashU was a life-changing experience. I came back home feeling more independent and confident than ever. Before that, I didn’t know if I had what it took to make it in to a prestigious university, but now I know that I can do anything I set my mind to. Without the generosity of the Joyce Ivy Foundation, I never would have had the amazing opportunity to travel, study, and meet people from all over the world!† – Megan, Michigan JIF Scholar 2016 Fun Facts about the 2016 JIF Scholars: The Joyce Ivy Foundation serves as a resource for young women throughout the Midwest. They believe in the transformative power of educational experiences that challenge students and raise aspirations. Each year, JIF also hosts a College Admission Symposium , where young women and their families are given the opportunity to connect with admission counselors from selective universities to learn more about the application process, financial aid and interviewing techniques. The symposium is held in May and pre-registration is required. The symposium is open to young women and their families regardless of if they are named a JIF Scholar. Each year, the foundation also hosts a gala for Joyce Ivy Scholars where they are recognized for their accomplishments. Scholars have the opportunity to visit with their peers throughout the evening, which provides an opportunity to make life-long connections with other young women that have similar dreams and aspirations. At , we work with students to help them develop a compelling admissions profile. This includes advising on summer opportunities. Learn more about our Mentorship program and how we can help you establish a competitive profile.

Thursday, February 13, 2020

Film review The Little Mermaid Movie Example | Topics and Well Written Essays - 250 words - 1

Film The Little Mermaid - Movie Review Example She just laughs at the dangers, sings like a seraph and displays adoration for man-made creations and objects, with an utmost desire to read, to understand and to learn. The character of the father, King Triton, has been portrayed as realistic, being overprotective, like the normal human father for their daughters, forbidding the talent of his young daughter and appoints a crab, Sebastian as a bodyguard of her daughter. Ariel specks the moving ship and confronts her father, rather swim to examine and gaze Prince Eric, the love at first sight. It is beautifully animated and viewers could understand the expressions and have a feel of the story. As in any thought, with every happiness a taste of bitterness occurs, Ariel witnesses a sudden storm which rips off the ship, but Ariels courage rescues the Prince. Depicting the kind of determination desired in todays contemporary world or human beings. The movie has made Ariel as an ideal for young teenagers. Further, the story takes a turn and Ursula, the witch, man hating sea beast, marks the presence. Grasping Ariels desire, Ursula grants Ariels wish for legs, but this also displays the plot behind the intention, the mal-intention to destroy Tritons kingdom. The role of friends and their friendship comes into picture, as all the friends of Ariel stood beside her in her difficult time. This is the best message that was given to the audience of the movie, a moral value which is greatly desired in the present scenario, even after more than twenty years, the message holds value and meaning. It is one of the finest creation in terms of the positive characters, the heroic deeds and accomplishments to protect the real values. The movie highlights the emotions involved between the father and daughter as well as between the boy and the girl. Their love affection and also the devotion towards each other is highlighted in a very artistic and magnificent manner, besides the glorious world of colors

Saturday, February 1, 2020

The comperison of BNY Mellon and Barclay's bank Research Paper

The comperison of BNY Mellon and Barclay's bank - Research Paper Example 3 Introduction 4 Strengths and Weaknesses of the banks 4 Profitability of the bank over a span of 5 years 5 Mission and vision of the banks 6 Bank’s Financial Position 8 Projected Profitability of the banks 9 Conclusion 11 The above paper held a comparison between the financial states of BNY Mellon and Barclay’s bank with an aim of examining the extent to which each of them could withstand the brunt of the financial crisis and the way that they are prepared in meeting any such crises in future. The paper tried to assess their profitability and financial positions and found the degree of resilience of Barclay’s to be far higher than that of BNY Mellon. However, as far as their investment in assets are concerned, that of BNY Mellon is found to be in a better position than that of its peer. 11 References 11 Abstract The present paper aims at examining the financial positions of two leading banks namely, BNY Mellon and Barclay’s Plc through a close investigati on of their respective financial ratios. Moreover, the paper targets at evaluating the strengths and weaknesses as well as the mission and vision of both banks. ... Both banks faced the brunt of the crisis which was reflected in their respective key financial ratios. The crisis had mainly been the outcome of poorly framed monetary policies which implemented a fall in the rate of interest initially and followed it by a sudden hike in the same. This fickle mindedness took a toll over the financial state of the economy and exposed the frail fundamentals of many of its financial houses. However, the intrinsic strength of many of them were also displayed which prevented these institutions from being fully victimized by the crisis. The present paper tries to draw a comparison between the features which characterize Bank of New York Mellon (BK) and Barclays Bank (BCLYF) on the basis of their respective financial figures over the last 5 years (2006-2010). A close examination into the historical key ratio values can possibly deduce the errors committed and precision adhered to by these banks, which determined the degree of their sustenance. Moreover, it also attempts to figure out the profitability of these banks provided fluctuations in the Fed rate. As the view portrayed by any organization is highly important while assessing its strengths and weaknesses, they too would be inspected though the format of the entire paper will be of a comparative nature. Strengths and Weaknesses of the banks Bank of New York Mellon Total assets of the bank used to consist mostly of fixed assets rather than current assets initially although this factor had been improving over time, implying that the bank’s liquidity position is improving over time. Moreover, the bank’s assets in comparison to its total liabilities are also improving over time. Its increasing reliability on equity financing is also remarkable which promises of the