British Entrepreneurship between 1870 and 1914 Essay

British Entrepreneurship between 1870 and 1914 - Essay Example These traits include a dismal failure to adapt to new technologies, a gross misunderstanding as to the relevance of science in industrial efficiency, an obstinacy to stick to low-yielding established industrial sectors, a dearth of relevant managerial and organizational skills, an inability to delegate responsibility to subordinates and to take advantage of talented people having complementary proficiencies and a general lack of trust and faith in the British entrepreneurial potential (Aldcroft 1981) . At some time during the late 19th century, Great Britain fell victim to an economic decline. Various Historians tend to facilitate diverse reasons as to this economic demise of the Victorian Britain. Some historians attribute this economic decline to the rampant alterations in the world economy, emanating from the proliferation of the Industrial Revolution in the 19th century. There is one other school of historians, who link the economic fall of Victorian Britain to the lacunas existing within the British economy. Many historians blatantly profess that this so-called economic decline of Britain in the late 19th century could be understood and analyzed only in a relative perspective. As per these historians, the economic meltdown in the late 19th century Britain stands to be plausible only when one compares the performance of the British economy to other major industrial economies like the US and Germany. According to Alford, "British enterprise, it will be argued, did not decline d uring this period: it remained remarkably constant and inflexible (1996)." On the contrary, the available statistical data also to some extent indicates that in fact the British GDP was on the rise in the period 1870-1890, irrespective of a sluggish annual rate of growth. Crouzet (1982) argues that the growth rate of Britain, which rested at 3.1 percent in the period 1811-1877, came down to 1.6 percent between 1877 and 1913.Historians also tend to differ, as far as the onset of this economic decline is concerned decline. A majority of the historians identify the year 1873 as the time when Britain slipped into a prolonged era of economic slowdown. Others argue that the UK experienced a remarkable economic growth in the period 1820-1830. Thus, Victoria's accession tends to be the chronological coordinate that ushered in an era of economic decline (Crouzet 1982). Realistically speaking, in consonance with the available statistical data, 1870 could be considered the point of genesis of Britain's economic decline. It was only in the period between 1870 and 1913, when Britain's share of the global industrial output, which rested at 31.8 percent, nosedived to a pathetic and alarming 14 percent (Crouzet 1982).There is no denying the fact that a majority of the historians hold that the late Victorians happened to be grave failures, as far as the realm of entrepreneurship was concerned. As far as the entrepreneurial acumen of late Victorians is concerned, the analysis of their failure tends

Statistics class Assignment Example | Topics and Well Written Essays - 1500 words

Statistics class - Assignment Example The manager’s speculation that the true population proportion of customers who live in urban area exceeds 40% does not seem to be correct as the hypotheses testing shows that the proportion of customers may be around 40% or lower. The confidence interval also has a very high range of values and so it means that the proportion can be between 30% to 58% of the customers. The manager’s speculation that the average number of years lived in the current home is less than 13 years does not seem to be correct. The mean number of years lived in the current home is around 12.26 years. This shows that an average customer does seem to spend at least a decade in the same house and because of that will be more inclined to shopping things from the same department store over the years because of convenience. The confidence interval is (10.85, 13.67) and we can be 95% confident that on average a customer would live in the same house for an x number of years that is between those two intervals. The manager’s speculation that the average credit balance for suburban customers is more than $4300 does seem to be correct. The null hypothesis was rejected as the test statistic was higher than z-value during the hypotheses testing. It shows that urban customers also have a high amount of credit against their name and we can be 95% confident that on average an urban customer’s credit amount would lie between $4299.65 and $5051.02. 5) Because the sample size of the data is large enough (n> 30), the Central Limit Theorem will apply, and no assumptions have to be made about the population of the credit customers. The sampling distribution of the sample mean of credit customers will be approximately normal regardless of the distribution of individual credit customers. The confidence interval level is (0.30, 0.58). It means that we are 95% confident that population proportion of customers who live in urban area lie between the lower and the upper limit of the

Three useful knots for camping (demonstrate) Essay

Three useful knots for camping (demonstrate) - Essay Example An example of shoe laces can be taken here when the laces are crossed against each other. Similarly another overhand knot is tied to put the left end of the rope over and under the right one. The ropes are pulled together to form a square knot afterwards (Filip 2013). Clove Hitch is another knot which is used to hold objects to where they are required. The object to be roped is first taken and the rope is passed beneath it to give it a wrap. The rope is then crossed for a second time to give the second wrap in the form of an X so that both the wraps leap each other. After that a third wrap is given and the end of the rope is put in between of the X. Both the ends are then pulled to give a Clove Hitch (Filip 2013). The last know is known as Bowline and is very helpful for the campers and mountaineers. The rope is first taken and a loop is made by the rope itself. The rope end is then put through the loop and then put again in the loop to align with the main end. The rope is then pulled to give a tight knot known as Bowline (Filip 2013). Tkaczyk, Filip. "Camping Knots for Wilderness Survival."Â  Wilderness Survival School | Alderleaf Wilderness College - Survival Courses. N.p., n.d. Web. 11 Apr. 2013.

Elder Abuse in Nursing Homes Essay Example | Topics and Well Written Essays - 4750 words

Elder Abuse in Nursing Homes - Essay Example Some are even outright fraudulent. In February of 2006 state inspectors in Kentucky inspected the largest nursing home in the state, which was a 286-bed facility in Highland Heights known as Lakeside Heights Nursing Center. Inspectors found numerous health and safety violations. They declared that ten patients were in "immediate jeopardy" and had discovered that one patient had died after the staff had failed to treat his medical problems properly. A report done by state inspectors (2006) found widespread problems with the facility: The report said the facility was often critically understaffed and that on 24 occasions only one licensed nurse was assigned to the entire facility and at times, the nurse on duty was not trained to administer intravenous fluids, which placed three residents in jeopardy. According to the report, the residents often could not get services or supplies from outside vendors because of bills that the nursing home had not paid. The inspectors documented one case in which a patient, who was frequently choking on solid food, could not get to an appointment with a doctor because the home was in arrears to the cab company. The report said the local water district threatened to shut off service to the facility if the nursing home did not make immediate payments on an overdue bill of $40, 000. Those and many other problems in the report led Kentucky's Inspector General, Robert Benvenuti III, to tell the Cincinnati Post, that this was the worst case he had seen in his 26 months on the job. Mr Benvenuti said a major source of the problems was too few workers, which kept basic care from being performed. In one instance, a state inspector saw a resident sitting, urine-soaked, in a wheelchair and two new pressure sores were identified on the patient's buttocks and the patient was not being checked every two hours as required by law. In another case, an inspector saw a resident moving about the home in a wheelchair with an open, uncovered wound to the big toe and observed dirt and pieces of hair stuck to the wound, according to the report. The resident reported having asked for new dressing at 7 am that morning, and when nobody responded, removed the old dressing. The report noted that a new dressing was not provided until 5:30 pm that day. With not enough staff to get patients out of bed or turned in bed, inspectors found that residents developed new bed sores, or sores that they already had had worsened and that 31 residents did not receive doctor-ordered treatment for their sores. One patient died of an electrolyte imbalance after the nursing home failed to follow the instructions of doctor ordered treatment. The report said that nursing home staff failed to notify doctors of changes in the patient's condition, failed to properly assess the patient's condition, and failed to establish a plan to care for that person. According to the Cincinnati Post, another resident did not receive treatment for blood coming from his mouth for eight hours, during which time bleeding also started in a chest wound and his rectum. In another case, a resident left the nursing home unsupervised and without permission several

Project Management Essay Example | Topics and Well Written Essays - 2500 words - 5

Project Management - Essay Example d like a good idea at the time.† In fact, says Mike Peterson, Executive Manager of PriceWaterHouse, many organisations have difficulty turning their business ideas into reality. So, project management is the art of directing and coordinating human and material resources throughout the life of a project by using modern management techniques to achieve predetermined objectives of scope, cost, time, quality, and participation satisfaction. This topic â€Å"Project management† considers practices in project management within local Government, and Conceptual Model of Organisation, Organisation’s measures are provided with project management. Project management helps to develop various applications for local Government, Banking system, helps to provide IT services including operating a large wide area network, generating government statistic, helps to plan and draft various Government initiatives and policy. This project provides conceptual Model of Organisation with the descriptions of two models Price Water House. These days, the traditional measures of a project’s success extend well beyond â€Å"On time, on budget, and to specifications† to include such criteria as â€Å"Delivery of anticipated benefits, engagement of stakeholders, and organizational adoption.† Easy to say, of course, but it is hard to do in practice. In project management, the metrics of on time, on budget, fit for purpose, and they are dependent variables. For example: a decision to cut cost (budget) will shorten the work (time) allowed to complete the project and (potentially) reduce the quality of the work. It may seem obvious, but any project undertaken by a company should be driven by business objectives; projects that do not clearly advance the aims of the company should simply not be undertaken. Many organisations review their business aims on a regular basis and adjust them for a variety of reasons. The review and approval of projects should be fully integrated into this process. The

Conference&event management Assignment Example | Topics and Well Written Essays - 1500 words

Conference&event management - Assignment Example Moreover, expertise in the field of event management and adequate understanding of the purpose for the event to be conducted is also quite necessary for its successful completion (Tassiopoulos & Damster, 2005). Based on these notions of event management, this paper will intend to provide an overview of the event organised for the students who have completed their first year in the college. The discussion will further intend to analyse the strengths and weaknesses of the event and the strategic process adopted for its completion which in turn would assist to develop a few recommendations for the betterment of such initiatives. The event which has been titled as the â€Å"Big Day Out† emphasises on a full day recreational program for the first year students in the college. As the foremost concern of the event is to provide the students with recreational tour, the event will be organised in a renowned park located in UK, the Thorpe Park. Notably, the program will continue for the entire day with the view to entertain the students and also to give them an opportunity to socialise with the other students as well as with the tourists and the employees in the park. This will not only facilitate the confidence level of the students but also assist them to enhance their communication skills by a large extent. Concerning the four W’s of the event, i.e. ‘Why’, ‘Who’, ‘When’ and ‘Where’, it must be noted that the event has been organised to provide the students with an opportunity to refresh their minds and to enjoy with friends and socialise with other community members. The event will be hosted by a group of five people, namely, Kyaw Sein, Katherine Delgado, Matab Ahmed and Katherine Bur Bur Burrachi with their leader as Moiz Khan making use of their innovative ideas and creativity along with their inspiration thought. With the mission to ensure exceptional results and the vision of creating a long-lasting memory amid the

Fictitious Business Description Essay Example | Topics and Well Written Essays - 750 words

Fictitious Business Description - Essay Example When choosing suitable HRIS, there are a lot of factors or questions to consider. The following are just few of the important factors to consider. One of the most important things to consider is to know the degree of flexibility and scalability that the HR information technology software provides. This should address if the software can import data from multiple Excel spreadsheets, databases, and paper documents and the level with which it can interface with all kinds of systems and data. Another factor to consider is if the software can accommodate the rules of the company and the benefit carriers as to make sure that each enrolment activity will be evaluated and necessary combination of rules can be applied. The next thing to consider is the ability to grow as the company grows with new employees, offices, benefit changes and rules. The capability of the software to integrate with other systems should also be considered. The company should also know who is responsible for implement ing or building the solution and must have a clear understanding of the level of training and expertise required and amount of time expected. The data should make sure that the data is owned by the Human Resources organization. Company should also take a look at the upkeep and maintenance required. There are still numerous questions to consider. ... Within the human resource management area, these decisions include recruitment decisions; job analysis and design decisions, training and development decisions, and employee compensation plan decisions. In a Tactical Information System, this type of information system includes Job Analysis and Design Information Systems, Recruitment Information Systems, Compensation and Benefits Information Systems, and Employee Trainings and Development Systems. The Job Analysis and Design Information Systems can help Mr. Morgan in his problem about answering questions and communicating with his employees. This information system is designed to take care of the information inputted to the job analysis from interviews with workers, supervisors, labour unions, government, competitors and other external sources (Types of Human Resource Information Systems (HRIS), n.d.). The output from this will provide Mr. Morgan the basis for strategic human resource decisions. The Recruiting Information Systems will be very helpful to Mr. Morgan. This information system will collect and process the information needed to create a plan which includes the list of vacant positions, with the corresponding responsibilities and requirements; list of employees for transfer, termination, retirement and even summaries for appraisal of employees (Types of Human Resource Information Systems (HRIS), n.d.). The other component of tactical HRIS is the Compensation and Benefits Information Systems which will help Mr. Morgan in taking care of the employees’ payroll. This information system will help the company when it comes to the payroll of employees by taking care of the information