ShantanuT01/DACTYL-Pretraining huggingface dataset:
Introduction The following is a discussion on the part thereof the assignment. The discussions provide details of how the government of Australia is working to revive the financial advice industry, which has been on the decline. To save this robust financial industry the government of Australia drafted reforms aimed at sealing the loopholes that have wrecked the industry and affected WestPoint. The discussion describes the reforms of the Future of Financial Advice in Australia and the benefits that will accrue to WestPoint because of the reforms. The reforms Due to the collapse of financial advice resulting from decreased revenues and lack of proper policies, as analysis on WestPoint indicates, the government proposes the following changes in the future of financial advice. The first important reform is the duty of interest. This refers to the advisors interested when offering them financial advice. This reform shows the advisors need to have the client’s best interest at heart. This is because there have been cases of financial advisors putting their interests first and thereby making dubious recommendations to their clients with an aim of benefiting themselves. The reform illegalizes such malpractices and in case of a conflict between the advisor’s interests and the client’s interests the client’s interest prevails. This means that WestPoint advisors must always provide financial advice that will advantage the client at all times (Commonwealth of Australia 2011). The issue of best interest considers the fact that for the provision of advice to have an effect, the client is obliged to disclose some important financial information. This reform guarantees the client of privacy as it prohibits advisors from disclosing the financial information of their clients to other parties. It requires the clients to disclose reasonable information and likewise for the advisor to enquire for reasonable information. Client confidentiality is imperative and the agreement between the client and the financial advisor needs to have this guarantee (Commonwealth of Australia 2011). The second crucial reform to take place in the financial advice industry as proposed by the advice on the future of financial advice in Australia concerns options in fee disclosure. This reform advocates that the advisor has to give the client especially the retail clients a chance to renew the contract every two years. This is necessary, as it will ensure renegotiation of terms of the agreement in need of negotiation. It also gives the client a chance to opt-out of the agreement completely without any financial repercussions. This is necessary, as it will ensure restoration of the client’s confidence in the advisor (Commonwealth of Australia 2011). The future of financial advice in Australia also proposes to ban the conflicted remuneration. This reform concerns the ban on the remuneration received by the advisors from various companies because of recommending their products or services to their clients. This has seen many of the advisors recommendi
Over the last couple of decades, the internet rapidly began to gain popularity and attract more and more users. As a result, it quickly became one of the leading media employed for business, marketing, and shopping. Today, each company or organization that claims to be successful and progressive relies on the internet as the means to strengthen their brand reputation, to attract new clients and workers, promote goods and services, and communicate with their target audience. For the marketers from all around the planet, the World Wide Web provides a huge field for the competition aimed at winning the attention and devotion of the users. Also, it carries multiple benefits for the businesses as it allows them reach their existing and potential customers in a variety of circumstances and appealing for their different characteristics. The ubiquity of the internet in the developed countries has made advertisement ever-present in the daily life of the modern individuals. In some cases, the advertisement may be so persistent that it starts to seem as if getting under it influence is no longer optional for the contemporary consumers. This paper will focus on one of the most influential online marketing and branding campaigns that took place within the last few years – Real Beauty Sketches by Dove. The campaign video has become viral within a very short period after it was first launched. As a result, it was recognized as the most popular online ad of 2013 (Toure, 2013). The paper will attempt to analyze the keys to the success of this campaign (its elements, mechanisms, appeal), along with providing the profile and background
Introduction Business decisions depend on the firm’s policies and organizational culture. What is an organization culture? It is a unique procedure done through a combination of executable set of instructions, thoughts and rules, which distinguishes one company from others. The culture is attributable to a collective of phenomenon connected to different aspects and departments in the organization or firm, for the purpose of guidance through its undertakings. Enforcing Good Business Decisions through Organization Culture One acquires organization cultures from the social setting of a firm or organization. When a person changes the job, the organization culture also changes, but only to certain levels because the concept following many structure rally behind enhancing the conscious and visible mind or decisions by managers. In this case, employees perceive the undertakings in the organizational environment concerning set regulations. Organizational culture has been an operational concept of differentiating one firm from another. The same conception used to initiate the ethical culture especially the business decisions capable of enhancing growth, financial gains or solving unethical issues arising within the firm. These rules ought to be part of the agreement where employees can view before making a decision to either follow through or reject. As an integral part of the organizational culture, incorporating ethics would be a major way of avoiding conflicts between individual values and work practices. Basing decisions on accepted culture therefore involves systematic analysis and alignment of all unprincipled behaviours. Standardized ethical culture in business is not possible because most organizations have unique ethical problems. Importance of Ethics in Businesses Most business firms have weak cultures where there are no standards and guidelines to follow or are nonexistent. A process called “enculturization” enlightens employees on the cultural ethics and these are not evident at majority of the contemporary companies since most members of the management team are part of the sources of inequity (O’Guinn et al, p.18). Ethical decisions and efforts have to originate from management. Leaders are an integral part of a firm’s profitability and can either enforce changes or use ethical strategies to enhance strict measures over the employees’ performance as per the existing law. Dictatorship and undemocratic practices often lead to business losses and therefore managers have to develop leadership reputations by being democratic but strict on imposition of ethical issues. Ethically a morally upright leader ought to be demonstrating some ethical principled traits such as integrity (Wimmer and Dominick, p.33). Making good and ethical decisions in a firm requires a manager who is able to emphasize on the importance of morality by communicating openly or regularly and integrating a rewarding system. An ethical administrator also acts through evidence and
Introduction Diversity can be defined as differences that exist among individuals. The differences may be brought about by age, race, as well as gender. When diversity is mentioned, individuals will majorly cover these issues. However, very little attention is usually given to diversity’s secondary dimensions like religious beliefs, communication style, relationship status, ethnic customs, as well as general appearance. All these differences are entailed in cultural diversity (Anca and Vazquez 2007). For a very long time, cultural diversity has been a very significant reliance within the hospitality industry. It should also be noted that globalization has made a number of hospitality companies to come up with corporate strategic plans. A number of minority workers as well as migrant labors are entering UK’s hospitality industry presently, therefore making the companies to face multicultural challenges (Pfeffer 1994). It should be noted that both management as well as workers within UK’s hospitality industry have diverse national as well as cultural backgrounds (Constantine1995; Littlejohn and Watson 2004). Management of cultural diversity can be done through effective and efficient communication or creation of awareness among the workers concerning the diverse background of their fellow workers. It can also be done through cultivating an environment where the success of all workers are acknowledged, supported and also encouraged. It can also be done through connecting diversity to all organizational processes as well as strategies like employee development, succession planning, performance management as well as reengineering (Avgerou 2002). Workforce diversity has widely been talked about by individuals. It includes elements like gender, age, religion among other elements. Nevertheless, very little attention is usually given to the numerous issues that concerns cultural diversity, majorly issues related to migration of labor. Given that numerous minority groups will always move into the UK’s hospitality industry, the management of cultural diversity has become a very big challenge within the hospitality industry, majorly to the Human Resource managers (Carmel 1999). Discussion How diversity can contribute to competitive advantage Reduction of conflicts There are indeed a number of benefits that are brought about by proper management of cultural diversity. First, it brings about reduction in conflicts among employees. It should be noted that improper management of diversity may result into intercultural conflicts (Holaday, 2007). Conflicts may be brought about by different ideas or beliefs. These may result into hurt feelings, increased tension and to extreme extents, it may result into violence. When understanding is promoted, res
Functionalist theory The functionalist theory has the potential to make a stable and permanent society (Arato, 1994). This theory focuses on how to strengthen various elements in the society. In this regard, the functionalist theory uses institutions as principle structures or elements of a society. In order for the society to operate as a system, each element has its own functions. The functionalist theory seeks a social order that harnesses effective functionality of society elements in a coherent manner. Education is perceived as an integral part of the society that provides citizens with socio-economic opportunities. Through education, other elements of the society gain from improved productivity, innovations and proper leadership. However, education is dependent on funds from government institutions. From the society, the family unit in contributes funds to the government through taxes. Consequently, the government establishes development by funding critical institutions like infrastructures, education, healthcare sector and industries. The functionalist theory advocates for a consensus between all social elements. Moreover, the functionalist theory acknowledges that failure by one element affects the whole social system. Therefore, a need to maintain a balance between society’s elements is crucial. Common elements in Finland and Japan education systems Finland and Japan education systems were initially established by catholic missionaries. Both countries use primary schools as part of their basic education systems. Both education systems allow the integration of culture in the curriculum. This integration is part of developing cultural responsive learning technique for teachers and students. Finland and Japan education systems include school lunch program as national education policy. In this regard, free lunch for primary school students is a prerequisite. The national government in both Finland and Japan are involved in controlling the education system. Finland and Japan education systems encourage professionalism among teachers. In this regard, acquiring a master’s degree in education for teachers is a professional responsibility. Finally, both education systems encourage development of culturally responsive teachers. Japan’s education system The local education system can learn the following elements from Japan’s education system. A focus on the general well-being of children attending school through a school lunch program and healthcare policy is necessary (Hayes, 2013). For example, Japan’s education system involves a lunch program that caters for students nutritional needs. Japan’s education system is perceived as a human right by offering education to every child in the country. Offering education opportunity for anyone living within the
One does not have to hold a Ph.D. in psychiatry to realize that people’s continuous commitment to promoting the idea that Western countries have a “moral obligation” to provide humanitarian aid to citizens of Third World countries, serves as an undeniable indication of these individuals’ mental inadequacy. And the reason for this is simple – over the course of the last thirty years, not a single U.N. Session has been conducted, without delegates spending a great amount of time while discussing what can be done to eliminate hunger in developing countries. Yet, despite millions and millions of dollars being poured into these countries’ economies, over the course of decades, people in the Third World did not become less hungry, simply because “developing countries” are not really developing – they are rapidly descending into primeval savagery, as we speak. In its turn, this can be explained by a simple fact that nature cannot be tricked – referring to all representatives of humanity, as absolutely equal, does not make them equal in reality. As history shows, people in Third World countries were only able to advance socially and culturally, for as long as they maintained close contact with White settlers, who had introduced them to the notion of civilization, in the first place. However, once these contacts are being cut off, due to “national liberation movements”, the civilizational status quo in “developing” countries becomes instantly re-established, with these countries’ native citizens turning into what they used to be, before the arrival of Whites – savages, who participate in never-ending tribal warfare, as their full time and only occupation, in time free from making babies. It is not a secret that African countries now suffer from being grossly overpopulated. For example, despite being affected by never-ending civil war and famine, the number of Ethiopians had tripled, within a matter of the last forty years. There can be no doubt that all these people need to be provided with food, on a continuous basis, but it is quite questionable whether it should be up to the citizens in Western countries to provide Ethiopians (and others) with food. After all, nothing should prevent aboriginals, li
Summary On the whole, rail transportation is critical for the economic development of different countries, cities, or regions. A variety of businesses continuously rely on the movement of freight. Nevertheless, it is also important to make sure that the interests of other stakeholders are not endangered by these activities. For instance, many people want to preserve the quality of air, water, as well as soil. Moreover, many people living near railroads are extremely concerned about noise pollution which can often result in stress or even heart diseases (Tummers, 2013, p. 166). Therefore, it is necessary to find a compromise that can meet the needs of different stakeholders who have different and sometimes conflicting priorities (Tummers, 2013, p. 166). This issue should be taken into consideration by policy-makers and companies relying on rail transportation. They need to find an effective solution to this conflict. These are the main questions that should be examined in greater detail. Problem The main issue is that trains consume large quantities of fuel. One should keep in mind that rail transportation contributes to greenhouse gas emissions. Thus, the main issue is the fuel efficiency of various trains. In such a country as Canada, this industry account for approximately 5 percent of total greenhouse gas emissions (Transport Canada, 2012). Furthermore, it is important to consider the release of nitrogen oxides, organic compounds, and particulate matter (Transport Canada, 2012). These substances can contribute to the risks of various diseases such as cancer. Additionally, one should remember about the dangers arising during the transportation of hazardous materials. These are the main details that can be distinguished. Significance of the problem This problem is significant because it affects a great number of people. For instance, there are thousands of people living near railroads, and their health can be endangered. Therefore, they can insist on the necessity to improve the sustainability of rail transportation (Tummers, 2013, p. 166). Furthermore, in the long term, this problem can increase healthcare costs in a particular region (Rogoff & Screve, 2011, p. 65). This is one of the pitfalls that should be avoided. This problem should not be overlooked because it can lead to legal conflicts between different stakeholders. In this case, one can speak about the disputes between rail transpiration companies and the residents of areas which are affected by the environmental pollution originating from rail transportation. As a result, these organizations may have to pay fines which can re
Rio Bravo was Hawks’ response on the other western High Moon by Fred Zinnemann. Hawks accused Zinnemann’s sheriff of being weak and unprofessional. Thus, he created his own version of the story, presenting “the most detailed and elegant expression of his typical concerns – self-respect, self-control, the interdependence of select chosen friends” (McCarthy 565). Thus, the main concern of the film was relationship between the main characters. Wood calls that relationship a family relationship, where Chance is “Father”, “the master of the “home” but with the freedom to move outside”; Stumpy is “Mother”, who almost never leaves “the home/jail”; Dude and Colorado are “the occasionally troublesome sons” (Wood xxii). Wood stresses that this close relationship is very strong and committed, because “family members are bound” not by blood, but “by personal loyalty and mutual respect” (Wood xxii). Thus, limited settings of the film only contribute to the creation of such intimacy. Hawks creates a small community where such close family relationship is transparent. The small town keeps the main characters together. Hawks deliberately restricts the area to concentrate on the relation. It is very interesting, that though Rio Bravo is a western, it is more focused on the relationship rather than on the action. Single area setting enables Hawks to create the necessary background for relationship development and characters’ personality development depiction. As stated above the film is focused on the interrelations and personality development. Thus, each of the characters goes his/her own path to find something inside of oneself and become better. From the very beginning of the film Dude is trying to go this path, and. Finally, he succeeds. From the very first scene of the film Dude receives the necessary impact to change oneself, overcome his weakness and become a good, strong and reliable person. This impact is actually the key event of the story, event which provokes the whole story. First, the viewers meet a miserable drunk Dude, and then they get to know that this drunk was once a respected man. Finally, in the course of the film Dude becomes positive and respectful. It is worth mentioning that Hawks doesn’t deprive Dude from being human, and he yields to his weakness and gets drunk, he shows his weakness. But it does not mean he is again that miserable drunk. It only proves that Dude is a strong man who is ready to give his life fo
Summary of the Case The Art Gallery is experiencing financial problems and the financial controller feels that something should be done to increase revenue flow. As a curator responsible for determining the price charged for the admissions, it is necessary to come up with an appropriate way of adjusting the price to increase the revenue. The first option is to increase the price of admission. However, this can only achieve the desired result if it is determined that the demand curve is inelastic. This would mean that the number of visitors will not change due to the price increase. The second option may be to lower the price. This strategy will be appropriate if the demand curve is elastic. In such cases, more visitors will be attracted to the firm due to the reduced price of admissions. Introduction about the Topic According to McEachern, the elasticity of demand is one of the most important factors that firms have to consider when setting the price for their products (45). The best way of increasing revenues for a firm is to increase the number of clients purchasing a given product. There are products whose price would determine whether or not people will be interested in buying them. However, some products would always be purchased irrespective of the changes in their prices. A firm must understand the elasticity of the products they offer before setting the desired price. In this case, the focus was to determine the right pricing strategy that would help increase the revenues at the Art Gallery. Analysis of the case This case presents a typical pricing problem that many firms always face in the market as they try to increase the revenues. At the Art Gallery, the focus is to increase revenues by coming up with the right pricing mechanism. The curator has to make a decision that will not worsen the current financial situation. If the curator increases the price, the revenue may increase in case the current number of visitors will remain unchanged. However, the price increase may significantly reduce the number of visitors to an extent that the revenues may go down further (Ringel 56). If the curator chooses to go for the second alternative of lowering the price of admission, then the revenue to the firm will increase in case the number of visitors shall be considerably increased. However, if the decrease in price does not have a considerable impact on the number of visitors coming to the firm, then the revenue will be reduced. This is a delicate situation that requires comprehensive knowledge about the responsiveness of the demand