Music and Literature Essay

Music and literature have played an important role in our community and society since not only humans but the earth was born. It’s still a great mystery as to who invented or made music first. But first of all we shouldn’t focus as to when was music made but should see that what actually music is? How to define music has long been the subject of debate; philosophers, musicians, and, more recently, various social and natural scientists have argued about what constitutes music. The definition has varied through history, in different regions, and within societies. Definitions vary as music, like art, is a subjectively perceived phenomenon. Its definition has been tackled by philosophers of art, lexicographers, composers, music critics, musicians, linguists, sociologists, and neurologists. Music may be defined according to various criteria including organization, pleasantness, intent, social construction, perceptual processes and engagement, universal aspects or family resemblances, and through contrast or negative definition. Music is sometime said to be a branch of literature. Now the question stands that what is literature? Literature is the body of all written works; the collected creative writing of a nation, people, group, or culture; all the papers, treatises, etc. published in academic journals on a particular subject. Its particularly hard to understand but in simple words literature means a piece of work written deeply form the or whatever your experiences and brain say and to put that experience and the work of brain into a piece of writing. Literature comes from the Latin word literra meaning a piece of writing. Literature has many branches like narrative stories, novels, poems and etc. Music is also a famous branch of literature. There are many music lovers found all over the world. Music is further separated into many other branches e.g. jazz, pop and etc. Music has been with us since the start of our beautiful earth.

Difference Between CML and SML Essay

CML stands for Capital Market Line, and SML stands for Security Market Line. The CML is a line that is used to show the rates of return, which depends on risk-free rates of return and levels of risk for a specific portfolio. SML, which is also called a Characteristic Line, is a graphical representation of the market’s risk and return at a given time. One of the differences between CML and SML, is how the risk factors are measured. While standard deviation is the measure of risk for CML, Beta coefficient determines the risk factors of the SML. The CML measures the risk through standard deviation, or through a total risk factor. On the other hand, the SML measures the risk through beta, which helps to find the security’s risk contribution for the portfolio. While the Capital Market Line graphs define efficient portfolios, the Security Market Line graphs define both efficient and non-efficient portfolios. While calculating the returns, the expected return of the portfolio for CML is shown along the Y- axis. On the contrary, for SML, the return of the securities is shown along the Y-axis. The standard deviation of the portfolio is shown along the X-axis for CML, whereas, the Beta of security is shown along the X-axis for SML. Where the market portfolio and risk free assets are determined by the CML, all security factors are determined by the SML. Unlike the Capital Market Line, the Security Market Line shows the expected returns of individual assets. The CML determines the risk or return for efficient portfolios, and the SML demonstrates the risk or return for individual stocks. Well, the Capital Market Line is considered to be superior when measuring the risk factors. Summary: 1. The CML is a line that is used to show the rates of return, which depends on risk-free rates of return and levels of risk for a specific portfolio. SML, which is also called a Characteristic Line, is a graphical representation of the market’s risk and return at a given time. 2. While standard deviation is the measure of risk in CML, Beta coefficient determines the risk factors of the SML. 3. While the Capital Market Line graphs define efficient portfolios, the Security Market Line graphs define both efficient and non-efficient portfolios. 4. The Capital Market Line is considered to be superior when measuring the risk factors. 5. Where the  market portfolio and risk free assets are determined by the CML, all security factors are determined by the SML.

Chinese Automobile Industry in Egypt Essay

Introduction There are many aspects regarding the Chinese automobile industry in Egypt regarding how it mirrors on customer satisfaction, despite common believes China has been producing cars before the Koreans for almost over 50 years. The very first Chinese car was a poor copy of what European, American and Japanese manufacturers produce. It wasn’t designed with the anxiety of comfort, security nor style; it was more like wheeled boxes made of light steel, with a primitive petrol engine. After 20 years, Chinese automobile industry has finally become one of largest market in automobile market. The major advantage that Chinese cars have is its low pricing compared to other cars from western auto giants such as Germany and France, which is a satisfactory advantage to most of the Egyptians. – Besides the fact that Chinese cars are of lower prices, there are other factors that consumers look for in a car; this research measures weather Chinese cars meets the customers perceived values of satisfaction regarding performance and design or not. Foreign car manufacturers may not think that china would create any threat to their automobile industry. However, the great prospective of the Chinese car maker cannot be taken lightly. It is the time for Chinese companies to support for more future challenges and take hold of a bigger share in the global market. Consumers in Egypt are very diverse; some base their perceptions regarding products on prior experience, delivering value expected and/or through overall performance. Those creates a huge conflict of interests between personal perceptions in the Egyptian market where some perceive Chinese cars as a low quality product with a cheap price tag, and others perceive them as economic high quality vehicles. – In 2004 China generated 5 million from car sales, coming third after America which generated 17 million and Japan with 5. 9 million. This shows that the Americans and the Japanese are considered to be of a high quality regarding safety, durability, resale price, and comfort which is what most Egyptian customers look for in a car. However, according to David Thomas [1] â€Å"China is going to become the second-largest market in the world sometime over the next two or three years,† [2] he also said â€Å"China is developing in very similar ways (to the developed markets), but doing it so much quicker,† [3] enunciating on the statement â€Å"so much quicker. †[4] Theoretical framework: 2. 1) Defining Customer satisfaction: Customer satisfaction is an evaluation of how goods and services provided by an organization to meet or to exceed the customer’s expectation and it may be measured directly by survey and expressed as a percentage. Customer satisfaction is a vague and conceptual, and the tangible appearance of the state of satisfaction will differ from individual to individual and good or service to good and service. In a competitive market, where companies compete for customers, customer satisfaction is perceived as a key differentiator and increasingly become a key element of business strategy now days. 2. 1. 1) variables effecting Customer satisfaction is:- There are various elements effecting customer satisfaction starting with product quality to after sales services. This requires the organization and even third-party service firms to work as a whole to ensure that the customers are getting what they want and more â€Å"serving the customer†. Customer Satisfaction has backgrounds in two ideas about quality; gap-based view of quality, which has to do with delighting the customers rather than just satisfying them, and conformance to a standard or specification, which has to do with minimize production errors and monitoring the quality of delivery. The best method is to take a section of customers and to try to ask them about their experiences over a certain period of time; however, this only shows the regular view and will oversight any key limits that are important from operational view. Understanding the link between consumer’s information search behavior and customer satisfaction shows a better over view of what should be done to meet what the customers want. Findings suggest that the three types of consumer as defined by whether and how they search for information (passive, rational-active, and relational-dependent). [5]. Each type of customer has a different way of perceiving satisfaction. – Customer satisfaction is a key element in competitive advantage since that a satisfied customer means: 1- Long-term relationship (repeat sale). 2- Good advertising (word of mouth). 3- Customer loyalty. 4- Obtaining new customers (followers). 5- Increase in market share. The relationship marketing is one of the most important tends in the marketing due to the importance of repeat business. Relationship marketing mainly focuses on developing trust and loyalty between the customer and the supplier. Establishing and maintaining loyal base of customers is a major key to a fast growing organization. – Customer satisfaction and attractiveness are linked together. In order to accomplish customer satisfaction accurately; some variables should be recognized. There are several factors that are applicable to automobiles by which consumers look for which, product quality, services, engine performance, design, and accessories. On the other hand, most customers are keen to buy a car including all these features with reasonable pricing. However, it’s difficult to obtain high quality with low price, as it’s said, â€Å"Better price for better quality† [6], which indicates that the more the customer pays, the higher the quality. Another variable hovering over customer satisfaction is customer’s retention. This aim is achieved when the customer is convinced with the performance of the car brand he chose to the point of repurchase. No business can exist without any customers and it’s important for the business to work closely with the customers to make sure that they are satisfied and their needs are met. Companies form a close working relation with their clients; so customer relation is important. Measuring the customer satisfaction is obviously to measure the quality and the performance of the good or service that the company provides. The objective is to determine how well the good or the service to achieves the purpose or the need for which it is purchased. Understanding, meeting, and exceeding customer expectations are fundamental in creating customer satisfaction. The customer relationship is a distinctive aspect of the relationship marketing. – Through analyzing several articles, we’ve found a relation between the customer satisfactions, needs and perceived value with the quality and price of the car’s characteristics, expectations and the company’s relationship value. There is a weak relation between all the independent variables, when the customer expectations are not met when buying a car with low prices. – Thus, it varies from a car’s characteristics to meet the customer’s needs but still with high or moderate prices, also, there is a strong relation between customers’ perceived value and the company’s s relationship value. Where, if the company wants their customers to remain satisfied, they must do a direct relation with them, for an example, making more events, doing the customer’s evaluation from time to time, and create a bond between the customer with hisher car, where heshe can appreciate more the price she/he paid, besides, the relationship between the company and the customers can be sometimes deceiving, where the customer can pay no attention to the bad characteristics or quality in hisher, just because of the great relation and its service quality of the company. The customer satisfaction is a very important element to have a successful business and in order to maintain that companies have to be able to cope with the change in the environment around its business, which has to do with understanding customer preferences. Also expanding the business won’t be attainable if you don’t have a satisfied customer base and that the company must be customer oriented instead of being manufacturing oriented. In the automobile industry the purchase intentions are moving towards cars which have a low gasoline consumption rate, so the industry must take the buyers behavior in consideration. – There are a lot of fields which create and retain customer satisfaction; in order to retain customer satisfaction all the products/services offered to the costumers should be matching the customers’ perceived value. – There are also factors that affect customer satisfaction such as the economic performance, for example when the financial crisis occurred, customers started focusing on products and alternatives to brands they used to purchase with lower prices. This economic draw back affected sellers’ attitudes pessimistically which reflected negatively their relationship with the consumers; however, there were sellers who were trying to grab customer’s attention through creating a strong relationship with them. – Another point to know the importance of the customer satisfaction to maintain business excellence, a seller who creates a good relationship with his consumers and offer them more than they expect is always a seller who maintains and sustains his business excellence, because the more the customer is satisfied the more he buys and create a positive word of mouth. 2. 2) Defining the product performance: Associating between the observed and currant performance of a product, and its predicted use and efficiency has generally been the known definition for customer satisfaction. Lately companies of different fields have learned and understood the importance of such matters due to the fierce competition. Consumers have grown to be more sophisticated, more skeptics and are constantly looking for the most efficient, and the most convenient products that would satisfy their needs and wants. 2. 2. 1) Variables affecting the car’s performance: There are several variables that affect the car’s performance, beginning with the car’s engine performance, which is the main image of the car that varies in the gas consumption, how much fuel did the engine burn? Also sometimes customers’ satisfaction relies on the speed of the car, and how far can it speed up in no time. Moreover, there are several variables that represent each other in a way that the car’s quality stands for its stability, durability, and the safety features. Which are the most important variables that can affect the customer’s satisfaction that every person is looking for safety that represent the stability and low possibility of any accident accuracy? Furthermore, the design of the car is related to the stability by which, the more aero-dynamic is the design the less air force that face the front of the car, that lead to a less fuel consumption, more stability, and of course more speed. Finally, the car accessories are sometimes very expensive that can cause a low customer satisfaction, and lack in buying the car. 2. 2. 2) Defining personal experience: – Experience is being an active participant in an event or an activity which leads to a growth in one’s skills or knowledge. Where the customer can perceive a certain product wither it’s going to meet or exceed his expectations or not, through the interaction with similar products or services. 2. 2. 3) Personal experiences related to the Chinese automobile industry: – When a consumer purchases any car, a certain image or knowledge goes through his mind. This image and knowledge becomes a standard for the consumer while comparing his/her car to any other alternative, because this is his/her experience with the product so in order for him/her to know what’s best and what’s worse he/she compares the alternative’s features to his/her own product’s features such as: performance of the engine, safety features, durability and stability, car quality, fuel consumption, accessories and design of the car. – Consumers differ in their way of thinking and the bases behind their decisions, that is why Chinese car manufacturers should put in mind that a consumer who buys their product is driven to this purchase through his/her perception, and because not every consumer has the same perception about Chinese cars, Chinese car manufacturers should build a positive and strong perception with the automobile consumers about their products, as a consumer maybe more interested in the car’s safety features rather than the price or cost efficiency and vice versa. 2. 3) factors affecting the overall customer satisfaction through cars performance: – Chinese automobile manufacturer should consider their image according to the consumer’s personal experience where the consumer perceive and compare the coming alternative with their own previous experiences related to the car they owned or would like to buy. – In order to meet the customer satisfaction, car makers should provide many researches on the need and wants of the customer by which every customers’ needs change in a certain period of time. – Customers have their own perception in each car brand and its performance, where customers’ needs vary from one to the other regarding the characteristics they look for in a car, thus car manufacturers provide several models in order to meet each segment’s needs. – As Chinese automobile industry has enlarged its market share all over the world, they should put in mind that consumer will always compare their products in order to make the purchase decision, that can always be affected by the performance of their previous car, where the Chinese automakers should exceed or meet the consumer’s expectation in order to start a preferable image and reputation especially when it comes to the quality and durability of their product as it’s known as a poor product in these terms particularly compared with their competitors. Conclusion: – Studies have shown that the relation between product performance and post experience has an effect on the overall satisfaction factors. This study will further more elaborate where the Chinese car manufacturers stand in the Egyptian market regarding all aspects of performance, image, and price. This research will also cross reference the Chinese automobile industry with other automobile industries. This will show if there is any positive or negative relationship between the customer satisfactions versus car performance and previous experience concerning the Chinese automobile industry.

Management Essay Example | Topics and Well Written Essays - 750 words - 14

Management - Essay Example epartment should analyse and integrate the current processes and also the processes like recruitment, retention, employee development, leadership development, performance management systems, workforce planning, business culture etc. Recruitment is the process of placing right people at the right place at the right time whereas retention is the process of retaining the employees with the help of rewards and supporting systems. Employee development means the process of giving proper training to the employees whereas leadership development is the program for developing leadership skills among employees. Performance management systems collect the feedbacks about the employee performances and take appropriate strategies to sustain or improve it. Workforce planning is the effective utilization of the existing manpower and business culture is presenting a positive way of performing. Performance management systems are important both for the employer and the employee. If the employee feels that his performances were taken seriously by the organization, then he will improve his productivity and subsequently the organization will also benefit from that. A well defined performance management system may have elements of employee development, salary review, personal performance and business performance. Organizations can save a substantial amount of money retaining the employees and improving the performances of the employees. Talent management plan can also attract employees from outside also and more over it can help the organization in identifying the type of employees needed, areas needed to be improved and fine tuning of the business philosophies based on the changing trends. Thus both Performance Management System and Talent Management plan can work hand in hand to improve the overall productivity of an organization. The above article has strengthened my understanding about the necessity of performance management and talent management systems in organization. Even

Identify a current business issue Research Paper

Identify a current business issue - Research Paper Example This has caused businesses to take a step back and consider ethics seriously. Companies rely on auditors and accountants for their financial processes. For this reason, a strict code of ethics should be followed by accounting professionals. Even though it is common to find unethical behavior in accounting professions, ethics in accounting is vital because it is important to ensure a correct and clear financial image of a business, to instill confidence and trust with stakeholders and the public and to prevent fraud, embezzlement or financial scandals. Ethics are the backbone of any business and it is vital that ethics are implemented within the accounting and bookkeeping systems of an organization (Axline, 1990). Like other operating bodies involved in business activities, Accountants also need to focus on ethics set by the company in order to solve the problems and complexity that they will encounter. For example, the capital markets’ need to focus on the broken up profits th at may attract an organization’s management authorities to bend or even break accounting rules to inflate reported net income. In these situations, technical competence is not enough to resolve the dilemma (Hoffman, 1996). Qualitative Research The chosen method of qualitative research for conducting research on Ethics in Accounting is literature review, which facilitates the researcher to read and analyze the collected data from various sources and incorporate it in his research. Hypothesis Even though it is common to find unethical behavior in accounting professions, ethics in accounting is vital because it is important to ensure a correct and clear financial image of a business, to instill confidence and trust with stakeholders and the public and to prevent fraud, embezzlement or financial scandals. Literature Review Ethics are said to be an intangible asset of any organization and a key to success as it a system which is led by the moral and fair systems helps distinguishi ng the wrong or right. Problems in ethical system are, infect, a situation faced by a group of persons or by an individual, and to solve these ethical problem, they need to get complete information (â€Å"Role of Ethics in Accounting†, 2011). According to Axline (1990) in his journal about accounting, ethics are the backbone of an organization and play a vital role in the development of the organization. As the importance of ethics is increasing, organizations are becoming more conscious about the ethical system in their book keeping and accountancy. Ethical environment in the accountancy and book keeping is now subject to scrutiny and criticism from the media, regulators, and public interest groups (Axline, 1990). Although accounting is a very helpful record of a business and it is a most valuable sort of knowledge, people who are directly or indirectly related to the firm believes that the accounting records should be same like a pure science and it should be strong enough to solve some problems of the firm. Similar to the medical and legal professions, society is also obligate to give grants to the public accountants some extra and especial rights which help them improving their performance and handle certain activities with more proficiency as they are suppose to get something good in return (Mautz, 1988). Professional practitioners are always on the higher expectations of the public and they are

District Court or Circuit Court Essay Example | Topics and Well Written Essays - 500 words

District Court or Circuit Court - Essay Example Falwell. However, it should be noted that Rev. Falwell had brought a complaint alleging that Mr. Lamparello was guilty of trademark infringement, which Rev. Falwell alleged was intellectual property that protected his website, as he had at least one registered trademark, even though it was not on the domain name www.falwell.com or www.fallwell.com (Atkinson, Sorkin, & Gold 2003). Rev. Falwell also stated that he had legal rights in the name â€Å"Falwell† which included â€Å"Listen America with Jerry Falwell†, a popular show, as well as a pending trademark on the name â€Å"Jerry Falwell†. He therefore requested relief in the form of www.fallwell.com being transferred from Mr. Lamparello to his ministries and control, on the grounds of trademark infringement, false designation of origin, unfair competition, and cybersquatting (Atkinson et. al. 2003). Mr. Lamparello filed suit in the Eastern District Court of Virginia, accusing Rev. Falwell and his ministry of Reverse Domain Name Hijacking in violation of the Anticybersquatting Protection Act (Lamparello v. Falwell, 2004). This suit was filed in accordance with the Uniform Domain Name Dispute-Resolution Policy, commonly known as UDRP, which states that â€Å"most types of trademark-based domain-name disputes must be resolved by agreement, court action, or arbitration† (Internet corporation for, 2011). The District Court ruled in favor of the defendant, finding that there was a likelihood of confusion based on the â€Å"distinctive and strong† presence of the Defendant’s trademark. The District Court also found trademark infringement was evident as the Defendant was able to prove that he did, indeed, have a registered trademark, and he had used that trademark. The appeals court, however, overturned the findings, stating that there was no trademark infringement or false designation of origin since Mr. Lamparello did not intend to make money from his website, and used it only for

Presbycusis Essay Example | Topics and Well Written Essays - 500 words

Presbycusis - Essay Example The process of normal hearing starts when sound waves are conducted through the outer ear canal to the eardrum. The eardrum in return vibrates to set the malleus, the incus, and the stapes of the middle ear in motion. These three bones which terminate in the fluid filled opening within the inner ear particularly the snail like structure, cochlea responds to vibrations from the surroundings that are the basis of sound. The chain of command from these three bones triggers the fluid which relays the oscillating currents to the organ of corti. Currents are transferred with the help of the tiny hair projections lining the internal membrane of the cochlea and waving like the smooth underwater plants to move the sound that stimulates nerve endings. Thousands of these nerving endings which merge at the end of the cochlea unite to become the auditory nerve which carries nerve impulses to the hearing area of the cerebral cortex in the brain (Wagman, 1992). Presbycusis which is a progressive he aring loss is caused by defects in the outer, middle or inner ear. Presence of congenital deformities in the outer ear may interfere with the capture of sound waves from the environment that maybe funneled to the ear canal.