Shareholder Value and Current Financial Crisis An...

Shareholder Value and Current Financial Crisis: An analysis of the Relationship INTRODUCTION Corporate governance in a particular firm is inevitable for its administration, policy making and overall health. In other words, ‘Corporate governance affects the development and functioning of capital markets and exerts a strong influence on resource allocation[1].’ Not only does it conduct the present running of a firm but it also has a futuristic outlook and a good corporate governance system encourages innovations in the firm[2]. There may be counter arguments that the existing cut-throat competition in the market can be left for taking care of good governance in a corporate because one lacking good governance will definitely be†¦show more content†¦In other words, maximizing shareholder value is enriching the shareholders through either issuing dividends by the company or increasing the stock price of shares of the company in the market. 1.2 Shareholder model of Corporate Governance. As already discussed, each Company has to be run on a certain model of Corporate Governance. Amongst the many forms and models of Corporate Governance, shareholder model is a prevalent one. Now what is this shareholder model of Corporate Governance? The so-called ‘shareholder value’ norm is not simply or even principally a legal rule or principle. It is above all a practice which came to shape managerial behaviour in large, listed American and British firms, and increasingly those in other jurisdictions, in the last decades of the twentieth century[10]. In the words of Hansmann and Kraakman, who offer the most lucid and fundamental explanation of shareholder model, ‘The principal elements of this consensus (shareholder value model) are that ultimate control over the corporation should be in the hands of the shareholder class; that the managers of the corporation should be charged with the obligation to manage the corporation in the interests of its shareholders; that other corporate constituencies,Show MoreRelatedBenefits of Good Governance1683 Words   |  7 Pagesbenefit. It is all about balancing individual and societal goals, as well as, economi c and social goals. Corporate Governance is the interaction between various participants (shareholders, board of directors, and company’s management) in shaping corporation’s performance and the way it is proceeding towards. The relationship between the owners and the managers in an organization must be healthy and there should be no conflict between the two. The owners must see that individual’s actual performanceRead MoreFinancial Services : Hsbc Bank1663 Words   |  7 PagesHSBC Model 2009 October 9, a conference hosted by UK Financial Services Authority referred to the liquidity management in HSBC Bank, seen from the statistics of annual report of HSBC, this bank did not suffer a great impact of 2008 financial crisis. Analysts focus on the efficiency of HCBS model, make some general experiences that banks can learn from the HSBC bank (Choudhry, Landuyt 2010). In fact, the HSBC model did not was a very specific model to rescue the bank in liquidity management risksRead MoreShort Term Liquidity And Operating Cash Flows1331 Words   |  6 Pagesfuture after taking account of immediate financial commitments (also known as current liabilities). Cash in the near future will be available from bank deposits, cash released by sale of stocks and cash collected from customers. Immediate financial commitments are shown in current liabilities. The first ratio of liquidity is the current ratio, which is a simple comparison of current assets with current liabilities. As per IbisWorld, the industry benchmark for current ratio is 1.3 to 1 (7), which meansRead MoreSales And Related Operations Are Denominated1134 Words   |  5 PagesOverall Financial Analysis According to the official information , approximately 70% of High Liner Foods Inc. sales and related operations are denominated in USD; most of Company’s debt is denominated in USD; bank covenants are measured in USD; and some of the Parent’s input costs are denominated in USD. Reporting in USD reduces the volatility of currency changes; however, when the U.S. dollar strengthens (weakening Canadian currency), the reported values of CAD-denominated items of the Parent decreaseRead MoreFinancial Crisis3559 Words   |  15 Pageslatest global financial crisis was exploded in 2008. This was the most serious financial crisis since the economic depression which occurred in 1930s and it severely impacted the global financial market. Lots of corporations collapsed during the 2008 financial recession which was caused by breakage of capital chain. Although some companies did not bankrupt during that period, they also had suffered huge loss. The 2008 global financial crisis began from America. American financial crisis came fromRead MoreCompeting Models Of Corporate Governance1398 Words   |  6 Pagesowned and controlled by small number of major shareholders. This model of corporate governance often called as the relationship based method due to the close relationship maintained between companies and their major shareholders. This close relationship, little separation of ownership and control minimises the agency problem. However, as a result of the minimum separation of ownership and control, firms would experience misuse of power by dominant shareholders. For an instance, little transparency overRead MoreCase Analysis : Lehman Brothers1225 Words   |  5 Pagesinvestment management, the Lehman Brothers was one of the largest global financial service providers. Consequently, the subprime mortgage crisis left the company filing for the declaration of the chapter 11 bankruptcy protections, due to the unnecessary undert aken risk and obnoxious negligence accusations directed towards the group. Companies should utilize observational and analytical pundit functions in identifying the presence of crisis situations to avoid an economic downturn in the business (PontellRead MoreThe Compensation Of Executive Marketing1460 Words   |  6 Pagesmarket with the help of principle agent models. Under this toning vision the payment is use to decrease the main hazard problem which arises as because very little control firms in Australia. There are many shareholders has designed the pay package randomly to increase the incentive of CEO’s firm value. The main review is suggested to the both executive control and the aggressive market, which can import some valuable data that determines the payment mode of CEO. But these payment odes neither approachRead MoreEthics And Social Responsibilty Assignment1910 Words   |  8 Pagesgroup which either; is hurt by, or profits from, the enterprise; or whose rights can be abused or must be regarded by the organization.(Crane and Matten,2007: 57) In the financial crisis case study, one can safely identify shareholders, bank customers and government as some of the stakeholders who are affected by the banking sector crisis triggered by the egoistic need to make a return on capital and deregulations. Having identified the stakeholders, the harms and benefits as it has affected these stakeholdersRead MoreIs fundamental analysis redundant in the period straight after (2007 to2009) the Global Financial Crisis (GFC)?2755 Words   |  12 Pagesmethodology†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 2.1 Theory†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 2.2 Cash flow model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 2.3 Qualitative factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 2.4 Quantitative factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 2.5 financial statement†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 3. Application †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5 3.1 Dow Jones †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 3.2 Company- Berkshire Hathaway INC†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦............. 6 3.2.1 Total assets turnover ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦

The General Symptoms of Diabetes Mellitus Essay - 3167 Words

A person suffer from diabetes mellitus has high blood sugar if left untreated. Explain diabetes, blindness and kidney failure Diabetes Definition and diagnostic criteria for diabetes mellitus. Nowadays many people, especially in the developed nations though not solely, suffer from diabetes. American Diabetes Association (2014) had studied that diabetes mellitus is a group of metabolic disorders and which reveal themselves by causing problems in insulin action/-secretion or both and results in dysfunction and eventually failure of many organs. The general symptoms of this disease are increased thirst and polyuria,which means that within 24 hours there is a urine production of at least 3+ liters, as well as glycosuria,which is the†¦show more content†¦It is convenient and cheap. Therefore, it’s the most used diabetes test. In this test, the patient has to fast at least eight hours and then the blood glucose levels are taken. If the level is 126 mg/dL or higher that indicates the person has diabetes. At last, there is the Oralc Glucose Tolerance Test or OGTT. First, the patient also need to fast for eight hours, then drink a solution containing 75 grams of glu cose and wait two more hours. If the test gives a level of 200 mg/dL or above this person is diabetic. All of the tests should at least be conducted twice if not thrice to make sure there is no mistake (American Diabetes Association, 2014). For patients who shows symptoms and higher blood sugar levels, yet still under the critical values for a full diabetes mellitus there are two more categories: The ones that are just under the critical values are said to have Impaired Glucose Tolerance (IGT) and those who are just over the normal blood sugar levels have an Impaired Fasting Glycaemia (IFG) (American Diabetes Association, 2014). Classification of diabetes disease. There are many subtypes of diabetes mellitus which are: ï  ¶ Type 1: Results from autoimmune reaction on beta-cells of the pancreas. The destruction of beta-cells means that the patient eventually becomes dependent on insulin for survival. This type usually breaks out in young age, but can also express in the later decades of a humans life and makes upShow MoreRelatedA Brief Note On Diabetes And Diabetes Mellitus1428 Words   |  6 Pages 1. Problems, Issues or Disease Progress of Diabetes Mellitus Diabetes mellitus refers to a chronic human health condition characterized by prolonged high sugar level in the blood. A group of metabolic disorders like, seizures, lethargy, and jaundice among others, which occur when chemical reactions abnormally alter the normalcy of the body’s metabolic processes, causes this condition. Diabetes occurs mainly because of two issues; due to inadequate production of insulin by the pancreas, and dueRead MoreDiabetes Mellitus ( Dm ) Or Type 2 Diabetes1398 Words   |  6 PagesDiabetes Mellitus (DM) or Type 2 Diabetes is seen as a metabolic disease that is categorized by abnormally high blood glucose or hyperglycemia. Diabetes Mellitus is also formerly known as noninsulin-dependent diabetes mellitus and is the most common form of diabetes that is seen. Insulin is a hormone that is supplied to the body that allows us to efficiently use glucose as fuel. When carbohydrates are broken down into sugars in the stomach glucose enters the blood circulation simulating the pancreasRead MoreDiabetes Essay examples1471 Words   |  6 PagesDiabetes In the United States, an estimated 16 million people have diabetes. Diabetes is a serious lifelong condition. Half the 16 million people who have diabetes do not even realize the condition exists and are not receiving treatment. 798,000 people each year are diagnosed with diabetes. It occurs most often in adults, but it is also one of the most chronic disorder in children. It is estimated that 123,000 children ages 19 and belowRead MoreDiabetes Mellitus As A Disability1555 Words   |  7 PagesThe amount of patients being diagnosed with Diabetes Mellitus has sky-rocketed these past few years. ‘†In 2010 the figures were 25.8 million and 8.3%†Ã¢â‚¬  and has increased in ‘†2012 to 29.1 million Americans, or 9.3%.†(American Diabetes Association, 2014); it is seen nationwide, and has now even begun to affect our youth. In South Texas Diabetes Mellitus seems to be the number one thriving disease affecting its general population. Diabetes Mellitu s is now one of the most widely known diseases thatRead MoreA Short Note On Diabetes Mellitus And Diabetes1738 Words   |  7 PagesDIABETES MELLITUS 1 Emily Marroquin MED 2056 Diabetes Mellitus Instructor Michela Leytham 12/3/14 DIABETES MELLITUS 2 In 2012 29.1 million Americans had diabetes of those 29.1 million, 21.0 million were diagnosed and 8.1 million were undiagnosed. What isRead MoreTypes Of Diabetes Mellitus And Treatment For Each Type1563 Words   |  7 PagesDiabetes mellitus is a chronic disease that occurs in millions of Americans. It occurs when the body cannot secrete insulin or when the insulin secreted is not effectively utilized. This disease can be silent in the beginning stages yet deadly once the organs suffer severe damage along with the nerves and blood vessels. Type one and type two diabetes are comparable but have many differences which will be discussed. Introduction Statistics list diabetes as being the 7th deadliest diseaseRead MoreDiabetes Mellitus : A Group Of Diseases That Affect Your Body Uses Blood Sugar1601 Words   |  7 Pages2056 FT030 Diabetes Mellitus Research Paper Annabelle Anglo 03/17/2015 According to Mayo Clinic, â€Å"Diabetes mellitus refers to a group of diseases that affect how your body uses blood sugar (glucose). Glucose is vital to your health because it s an important source of energy for the cells that make up your muscles and tissues. It s also your brain s main source of fuel.† (Mayo Clinic, 2005) Diabetes Mellitus has 3 types: Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes. Type 1Read MorePrevention Of Diabetic Complications Among Elderly1696 Words   |  7 PagesDoucet, Bauduceau Verny, 2014). Diabetes mellitus id one of the leading causes of death among elderly populations and it has great association with the behavioral factors such as inadequate meal, no physical exercise, smoking, consumption of added salt and junk foods, hypertension and other comorbidities (Mantel et al., 2015). In fact a complications of diabetes mellitus among elderly in a nursing home are associated with lack of knowledge regarding diabetes mellitus among health care workers. HealthRead MoreDiabetes Mellitus As A Chronic Metabolic Disorder Essay1622 Words   |  7 Pages Chapter - 23 Diabetes Diabetes Mellitus is a chronic metabolic disorder that prevents the body to utilise glucose completely or partially. It is characterised by raised glucose concentration in the blood and alterations in carbohydrate, protein and fat metabolism. This can be due to failure in the formation of insulin or liberation or action. Since insulin is produced by the p cells of the islets of Langerhans, any receding in the number of functioning cells will decrease the amountRead MoreDiabetes Mellitus ( Iddm )1369 Words   |  6 PagesDiabetes Mellitus In the pancreas, there are specialized cells that form small islands of cells, called islets of Langerhans, that are alpha cells and beta cells. In these endocrine cells, they release pancreatic hormones, such as insulin and glucagon that diffuse into the bloodstream to regulate glucose levels. Beta cells secretes insulin, which regulates carbohydrate, protein, fat metabolism and storage. On the other hand, alpha cells secrete glucagon, in which it breaks down stored sugar (glycogenolysis)

Software Development Processes

Question: Discuss about theSoftware Development Processes. Answer: Introduction Today in the 21st century most of our lives are internet based and we depend on it. Thus, there are also various options to do business over the internet. Now there are various options to run an online store. Shopify.com and Vendhq.com are one solution to our e-commerce needs which runs several online stores all in one place. Choosing the right kind of online store can have a similar effect on a business while choosing physical store's location. But it is not the final say in the online business but it does have a huge effect on the business. The online e-commerce store can boost a business or might paralyze it. Shopify Shopify is a group of hosted e-commerce site which comprises of every product needed by us. It also provides information how to set up an online shop and how to start selling products so that we can easily do it on our own. It is kind of building something we need and being the contractor of it ourselves. Everything less is in our control just the basic expertise used is that of Shopify so that the project can be implemented precisely(Park, Gu and Lee, 2012). As with most of the services at our disposal, Shopify does have its own advantages and also disadvantages. The main competitors of Shopify are Volusion and BigCommerce as all these three are hosted e-commerce sites but also competes with the other non-turnkey solutions as well. Shopify integrates and competes with e-commerce marketplaces such as eBay, Etsy, Amazon, etc(Park, Gu and Lee, 2012). Shopify does have a buy button which allows us to use it as a point of sale or inventory option. Thus, these enable us to buy products from anywhere with the help of online sources like Facebook, Tumblr, Pinterest, WordPress Blog, etc(WordPress for Business Bloggers, 2008). Now, with the recent turn of events, mobile point of sale or mPOS is an important platform on which all e commerce sites rely on for most of their transactions. Shopify has also kept up in the game and have created their mobile point of sale. Advantages of using mPOS of Shopify There is no such thing as best choice, there can be right choice depending on the objectives and resources which are at our disposal. The main criteria for a good online store are its speed and the security we have from its hosting servers as it is the question of processing credits cards through it. It is seen that every tenth of a second a customer has to wait for a page to load the chances increase for them to leave that site. There are many stores which outsource their payments to third-party vendors such as Google wallet or PayPal(Hristoski and Mitrevski, 2016). But the mPOS of Shopify is the one-in-one solution to all these as the customers do not have to worry about caching, compliance or hackers which mainly plague the online stores. The Shopify app is screaming fast. Shopify does have one of the best customer support and the marketing of it is top notch. Shopify does not ignore these key features and their development team is always working on bringing new developers, develo ping new apps to solve problems. For Shopify, the app store is a great induction in its services(Hristoski and Mitrevski, 2016). The mobile app has also enabled the users to access the online store easily without much difficulty at all times. While accessing the site can be a tiring and extensive method for most customers, the presence of a mobile app means that customers can access the store whenever they wish to. Disadvantages of Using Shopify Mobile App Every platform is not perfect so is the Shopify app itself. Shopify claims that these initial kicker goes away as the business grows but it does become a barrier for Shopify at entry level. Hacking into customization is one such case of disadvantage(Ghose and Sundararajan). Shopify uses some unique setup to customize themes using PHP for the templates. It becomes annoying for those who prefers to tweak something without going for full customization. Shopify Jargon is one such problematic area where they kind of use some terms which are not used by many for instance use of "collection" over "category"(Ghose and Sundararajan). Also, the app leads the customers to always keep their accounts open which may cause a lot of security issues for the customers as well as the organization itself. Vend Vend was created in 2010 by Vaughan Roswell which was first of its kind retail web-based POS using offline cache capabilities and HTML5. These features make Vend totally hardware independent. Although Vend being totally cloud-based, it can still operate in times of internet outrage. Thus these are the best of HTML5 which can save most of the data and POS app mirror copy(Hagino, 2011). Not only the offline features are the points to talk about, Vend is comprised of an impressive management system which features in-store as well as online capabilities. They have an extensive list of integrated third party software and thus being a good competitive retail management platform(Wei Zhang, 2005). Vend have also created their smartphone apps which is a necessity in the current era. Advantages of Vend app Pricing is one of the biggest advantages that Vend have at its disposal. They offer free 30 days trial subscription package. In comparison to other "Point of Sale" platforms they do not have any contract and the subscription fees can be paid monthly and if the annual fees are prepaid then there is a discount on the monthly prices(Lawley and Birch, 2016). The service of Vend is locally installed or cloud based. All the operations occur with HTML5 compatible web browser and if there is a network failure then operations run locally till the problem gets resolved. For retail operators of all stripes, Vend is suitable, but hospitality management and service might lacking features. There are no limits to the number of the store a business can have, thus the users range from large chains to small stores as well(Lawley and Birch, 2016). Disadvantage of using Vend Vend is easy to use but there are some features which are standard in other platforms but are lacking here. There is no purchase order support which is a rare sight in online Point of sale. This should be built in functionality as the product sold has to be shipped(Positive behaviour support has financial advantages, 2015). Since the vend app does not have a support for location, the shipping is a kind of a problem for the organization. The technical support costs are also above par. Customers feel satisfied with support offerings and all the other Point of sale systems does provide 24/7 support with their each and every plan. Thus if Vend wishes to be competitive in the sector then they might have a better look at this section of their service(Positive behaviour support has financial advantages, 2015). Conclusion If one tends to grow and is looking for all-in-one e-commerce platform then Shopify is the good option available in the market. Whereas Vend does not have all the huge features which its counterparts do offer but have geographically further reach and are very much focused on the retail sector. References Ghose, A. and Sundararajan, A. (n.d.). Evaluating Pricing Strategy Using eCommerce Data: Evidence and Estimation Challenges.SSRN Electronic Journal. Hagino, T. (2011). HTML5.The Journal of The Institute of Image Information and Television Engineers, 65(4), pp.467-470. Hristoski, I. and Mitrevski, P. (2016). Evaluation of Business-Oriented Performance Metrics in eCommerce using Web-based Simulation.ERSICT, 1(1), pp.1-16. Lawley, M. and Birch, D. (2016). Exploring Point of Sale Strategies for Improving Seafood Retailing: The Case of the Australian Oyster Industry.Journal of Food Products Marketing, 22(7), pp.792-808. Park, J., Gu, B. and Lee, H. (2012). The relationship between retailer-hosted and third-party hosted WOM sources and their influence on retailer sales.Electronic Commerce Research and Applications, 11(3), pp.253-261. Positive behaviour support has financial advantages. (2015).Learning Disability Practice, 18(9), pp.9-9. Wei Zhang, (2005). Replication Cache: A Small Fully Associative Cache to Improve Data Cache Reliability.IEEE Transactions on Computers, 54(12), pp.1547-1555. WordPress for Business Bloggers. (2008). 1st ed. Packt Publishing.

Self Of Damasio And Descartes Essays - Philosophy, Metaphysics

Self Of Damasio And Descartes 1. Explain Damasio's view as to what Descartes' error is, and why he thinks Descartes is "in error"? How do Descartes and Damasio differ as to what the"self" is? Damasio and Descartes differ greatly as to what the "self" is all about. They have different answers to the philosophical question of what makes up the self, and determines who a person is. A person's identity is more than just the body they both agree, but have different reasons why. Descartes is also known as " the founder of modern philosophy" he is most known for his cogito argument of "I think therefore I am". He thinks that one cannot doubt their own existence because something must be doing the doubting. Although, that statement was refuted later by some, who said the fact that you think pre-assumes existence. Descartes also refutes skeptics by saying that they cannot deny they are thinking and something must be undergoing that thinking, so one cannot deny that they exist. Descartes starts his arguments by saying that God is the guaranteed, and uses his existence to prove other things. First though, he says he will not believe anything until he proves that God exists. Once he does this using the circular argument, he proceeds to talk about the separation of mind and body and his beliefs. The circular argument simply states that if you believe in the light of nature, you believe in God, and if you believe the causality principles you believe in the other two. He believes that the mind and body are two entirely separate entities, the soul is independent from the body, and the mind is for reason and rationality. The emotions of the body are what interfere with reason, and the body is used for all of the sensory things such as sound, sight, and pain. Based on this, he thinks that a person cannot know a substance. The way a person can "know" a substance is only through its qualities. For example, one cannot know soap; they can only associate its qualities such as scent, shape, and color. "How does one know the notion of color?" he speculates. One can only know a substance through experience. Descartes argument with the wax shows his idea of how one does not experience the thing itself, but its properties. These physical characteristics are the only way to relate to the body, which one cannot know. One can only experience or "know" the mind. This leads to his discussion of complex and primitive ideas. Primitive ideas require experience, and complex ideas do not. A complex idea is something like the notion of infinity, or language. Descartes believed there was no definition of infinity, and would not accept a negative definition to resolve his problem. He believed that God was the infinite thing. The only widely accepted belief at that time was that mathematics were undeniable, and ever present in the world. Essentially the world is composed of mathematics, which gave a lot of merit to his proof of the existence of God. Another two principles Descartes used to further his arguments were that of formal and objective reality. The idea of formal reality is that formal reality is what is actually out there in the world, kind of the ultimate truth. Objective reality on the other hand is the ideas that are in our minds, what we perceive to be true. Descartes comes to the conclusion that an idea must have at least as much formal reality as objective reality. He also uses this notion to further his proof of God's existence. He wants to find an idea that has more objective reality than formal reality. This, he deduces, is God. He also comes to the conclusion that people cannot be the cause of an idea like God because it doesn't have as much formal reality as objective reality. This means that as humans we cannot know for sure what the formal reality is, but what we do know is objective reality. Unless God is a deceiving demon this must mean that he exists, because why would he create a world of deception, when he is a perfect being? In other words, God obviously exists because what we know to be true about him must be true, because there is no truer formal reality in regards to the idea of God. Eventually a problem arises for Descartes known as the Mind-Body problem. He observes that one can fully understand their own mind, thus understand their