The Secret of Scholarship Essay Samples Pdf That Nobody Is Discussing

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Data Analysis And Research On Data Processing Techniques...

1. Abstract As a result of increasing need for data analysis and the relative ease with which data can be procured nowadays, the size of data used for various kinds of analytics is increasing. The primary problem is that big data cannot be uploaded and made to run the aggregation exercise through full table scans as it takes prohibitive time. Big data needs to be pre-processed before it is uploaded to the analysis box. The aim of this project is to study and research various data pre-processing techniques used in practice in different domains to deal with big data, grasp an insight on the merits and demerits and find out information regarding the popularity of each of them. This project also includes the implementation of a highly popular and efficient technique known as Metropolis-Hastings algorithm in the appendix. 2. Introduction Analysis of data is a process of inspecting, cleaning, transforming, and modeling data with the objective of finding useful information, advising conclusions, and supporting decision-making. Data analysis has multiple aspects and approaches, covering various techniques under a lot of names, in different fields such as business, science, and social science. Data gathering methods are sometimes loosely controlled, leading to out-of-range values (e.g., Income: -100), impossible data combinations (e.g., Gender: Male, Pregnant: Yes), missing values, etc. Analyzing data that has not been carefully tested for such problems can giveShow MoreRelatedA Study On Big Data1643 Words   |  7 Pages.A STUDY ON BIG DATA ABSTRACTION Big data is a popular term which is used to describe the improvement and availability of data in both structured and unstructured data. Structure data is located in a fixed field within a record or file and the data is contained in relation data base and spreadsheet. Unstructured data files include text and multimedia. Data Big data describes extreme volume of data sets with sizes. Big data is defined with three v dimensions namely volume, velocity and variety, andRead MoreData Stream Mining Addresses Research Issues Addressed by the Data Mining Community912 Words   |  4 PagesData stream mining is a stimulating field of study that has raised challenges and research issues to be addressed by the database and data mining communities. The following is a discussion of both addressed and open research issues [19]. Handling the continuous flow of data streams This is a data management issue. Traditional database management systems are not capable of dealing with such continuous high data rate. Novel indexing, storage and querying techniques are required to handle this nonRead MoreThe Applications Of Cluster Analysis1379 Words   |  6 PagesCluster Analysis Introduction Cluster analysis is the technique of grouping individuals into market segments on the basis of the multivariate survey information (Dolnicar, 2003). Market segmentation remains one of the most fundamental strategies for marketing. Organizations have to evaluate and choose the segments wisely as their target as this will determine how the organization will be in the marketplace. The quality of groupings management that an organization opts for is very paramount for theRead MoreThe Importance Of Maintenance On Government Systems1718 Words   |  7 Pagesthe budget to decrease. Data analysis is vital to the planning and execution portion of maintenance, and even a small improvement in empirical analysis can lead to millions of dollars in savings over a few short years. For this reason, government contractors dedicate jobs specifically to data analysis and which inform policy recommendations. Organizations such as our client, LMI Government Consulting, have spent years attempting to mas ter the data collection and analysis process. This literatureRead MoreThe World Testifies Of Data And Our Understanding Of It Essay1481 Words   |  6 Pages1.1 Introduction (Ian, Frank Hall 2011) The world testifies to the increasing gap between the development of data and our understanding of it. Data mining is defined as the analysis of big observational data sets to establish unsuspected relationships that summarize the data in a novel, understandable and useful way to the data owner (David, Heikki Padhraic 2001). These relationships and summaries are referred to as models or patterns. Patterns comprise sets of co-occurring attribute values referredRead MoreArtificial Neural Network Essay937 Words   |  4 Pagesmethods. ANNs are currently a â€Å"hot† research area in medicine, particularly in the fields of radiology, cardiology, and oncology. In this an attempt is made to make use of ANNs in the medical field One of the important goals of Artificial Neural Networks is the processing of information similar to human interaction actually neural network is used when there is a need for brain capabilities and machine idealistic. The advantage s of neural network information processing arise from its ability to recognizeRead MoreStatistical Analysis : The Big Data Analytics1399 Words   |  6 PagesThe big data analytics deals with a large amount of data to work with and also the processing techniques to handle and manage large number of records with many attributes. The combination of big data and computing power with statistical analysis allows the designers to explore new behavioral data throughout the day at various websites. It represents a database that can’t be processed and managed by current data mining techniques due to large size and complexity of data. Big data analytic includesRead MoreData Mining And Machine Learning1631 Words   |  7 PagesIntroduction Nowadays, data mining and machine learning become rapidly growing topics in both industry and academic areas. Companies, government laborites and top universities are all contributing in knowledge discovery of pattern recognition, text categorization, data clustering, classification prediction and more. In general, data mining is the technique used to analyze data from multi perspectives and reveal the hidden gem behind the enormous amount of data. With the explosive growth of data collectionsRead More Artificial Intelligence and Investing Essay1648 Words   |  7 Pagesintelligence. The techniques of this intelligence include knowledge-based, machine learning, and natural language processing techniques. Investing can be defined as the act of committing money to an endeavour with the exception of obtaining profit. Investing activities require data identification, asset valuation (the process of determining the worth of something), and risk management (the process of managing the un certainty in investment decision-making). Artificial intelligence techniques can be appliedRead MorePredictive Analytics : A Gold Mine1554 Words   |  7 Pagesvolume of data oday`s mobile technologies and social media have collection and it`s storage manifold. This led to unleashed an exponential increase in information. continual growth in the size of data sets with Predictive analytics, a business intelligence technology consequent increase in complexity as well. Hands-on is one of the latest to take the future by storm with its data analysis is being increasingly augmented with immense potential for data- mining and efficacy. indirect, automated data processing

Article Review It s Just Everywhere ! Children And...

Jacob Agee Sport Marketing Prof Ayers Article Review â€Å"It s just everywhere!† Children and parents discuss the marketing of sports wagering in Australia The article I chose is from the Australia and New Zealand Journal of Public Health and was published in October of 2016. The article discussed data released in 2015 that indicated the gambling industry was the fourth highest industry for advertising spend in Australia, with a very significant increase between 2012 and 2015. Ten teams from Australia s two major sport associations, the Australian Football League (AFL) and National Rugby League (NRL), have been heavily involved in the ownership and promotion of gambling products and services. Researchers have documented sports wagering companies that have used non-traditional media platforms such as Facebook and Twitter to align themselves with match play in the AFL and NRL, as well as the use of current and ex-athletes to endorse products. There is a considerable amount of concern from the Australian government about the normalization of gambling and the costs associated with it around children. History has demonstrated that sport is a powerful tool for influencing children s brand awareness and product preferences when they become an able bodied consumer. Gambling agencies are not necessarily advertising directly to children per say, but they do get a bit of a resonance when using celebrity endorsements, humor, and cartoons. The article delves deeper into whether or not

The Romanian Derivatives Market Dimensions And Evolution Finance Essay - Free Essay Example

Sample details Pages: 11 Words: 3229 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? The derivatives universe is broad and over 1700 different derivatives are traded on three major derivatives exchanges: Chicago Mercantile Exchange Group, NYSE Euronext and Eurex. The Romanian derivatives market has a marginal position on Central and Eastern Europe. In addition, the offers of Romanian exchanges are rudimentary comparing with other exchanges from region. In this paper, we have noted some progress in activity of the Monetary-Financial and Commodities from Sibiu and the Bucharest Stock Exchange. The solutions for activitys improvement exist: collaboration with exchanges from European Union and national consolidation through merger or acquisition. 1. The importance of derivatives market Trading in futures began in the mid-19th century at the Chicago Board of Trade and the New York Mercantile Exchange. While these exchanges have continued to trade commodities, financial futures and options have become increasingly important since the early 1980s. The innovations process in this market is significant, and the strong competition between American and European exchanges have conducted to launch different contracts like weather derivatives, real estate futures and options, credit derivatives, volatility contracts or derivatives on carbon emission allowances. In present, the derivatives universe is broad and over 1700 different derivatives are traded on three major derivatives exchanges: Chicago Mercantile Exchange Group, Euronext and Eurex. In addition, the derivatives segment is the most important segment of financial market. [3] The derivatives market is highly dynamic because all most derivatives exchanges across the world have been set up during the last three de cades. In last ten years, we remark an explosion of mergers and acquisitions in this field, the result being the establishment of exchanges groups like Australian Securities Exchange, Chicago Mercantile Exchange Group, Eurex, Intercontinental Exchange or NYSE Euronext [5]. In addition, some exchanges have formed subsidiaries in order to enter into new market segments. For example, at the end of 2007, the New York Mercantile Exchange, together with companies in the financial field such as Morgan Stanley, Credit Suisse, JP Morgan, Merrill Lynch launched the Green Exchange where futures contracts and options for carbon emissions, sulfur dioxide and nitrogen oxide are traded. In December 2007, environmental exchange named Bluenext was set up; the initiative belongs to NYSE Euronext Group. The derivatives are usually trade for hedging and speculative purpose. The companies use futures and options contracts in order to protect against movements of prices, exchange rate, interest rate, and weather temperature. The hedging strategies based on derivatives reduce the volatility of companies` cash flows, increase the predictability regarding the expenses and revenues, and improve the financial situation and solvability of companies. [2] The use of these contracts in order to hedge some risks has some drawbacks. First of all, the exchanges` offer is limited, so companies could use these contracts as insurance against unwanted movements for price, exchange rate or interest only if specific assets are traded on futures and options market. For example, only some raw materials are traded on commodities exchanges and only important currencies are used as underlying assets for futures and options. Second, the hedging strategies imply some costs for operating on derivatives market in form of brokerage fees and margin deposits. The individual and institutional investors use derivatives in order to gain from price movements. In fact, derivatives are an alternative investment to buying and holding a tangible asset. In additions, they allow investment into assets or risk that cannot be traded directly. So, credit derivatives offer compensation payment if a creditor defaults on its bonds or weather derivatives pay compensations if temperature of a specific location exceed or fall below a reference temperature. Because the derivatives have typically notional value between 20 000 1 mil euro, the main users are financial investor and companies. [3] The popularity of these instruments has a negative connotation because of financial scandals determined by the improper use of derivatives. In addition, many economists talk about derivatives contracts like ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€¦Ã‚ ¾financial weapons of mass destruction carrying dangers that, while now latent, are potentially lethal. These words were used by Warren Buffett in 2002 in a letter to Berkshire shareholders. So, many years ago, he saw a future that others chose to ignore. [1] Don’t waste time! Our writers will create an original "The Romanian Derivatives Market Dimensions And Evolution Finance Essay" essay for you Create order 2. The Romanian derivatives market structure and evolution The Romanian derivatives market is in development process. The two exchanges the Monetary-Financial and Commodities Exchange from Sibiu (SIBEX) and the Bucharest Stock Exchange (BSE) have made some efforts in order to improve their activity by launching different derivatives products. The pioneering role on Romanian derivatives market belongs to the Monetary-Financial and Commodities Exchange from Sibiu, established in 1994 on private initiative. In period 1994-1997, this exchange traded only spot contracts. The reference year for the set up of derivatives market in Romania is 1997, when the index futures contracts were launched. SIBEX calculated its own index named BMS 1 (after the Romanian name of exchange at that time Bursa de MÃÆ'„Æ’rfuri de la Sibiu) on the prices of some blue chips traded on the Bucharest Stock Exchange. Because of the extension of its offer, the exchange changed the name in order to adapt the name with its activity. The number of fu tures contracts concluded in 1997 was very low 77.877. In September 1997, the Bucharest Stock Exchange launched the first official index BET (Bucharest Exchange Trading) that is calculated on prices of most traded ten shares listed on this exchange. After that, the two exchanges signed an agreement for the use of BET index as asset for futures contracts traded on SIBEX and BMS 1index was replaced and did not use. In November 1998, SIBEX has launched option on futures contracts, but until the end of the year only 133 options contracts were concluded, in contrast with 193.203 futures contracts. The next years brought others innovations. In fact, the development of SIBEX activity was very slow. The first equity futures are available since 2000, the underling assets being shares issued by Financial Investment Company Banat CriÃÆ'†¦Ãƒâ€¦Ã‚ ¸ana, Financial Investment Company Transilvania and Petrom, the most important Romanian companies listed on the Bucharest Stock Exchange. The first commodity contract was launched in September 2002, the underlying asset being the grain. This type of contract is not available any more, now the only commodity traded on futures market is gold. The gold futures contracts could be used only for hedging or speculation purpose because the exchange established cash settlement as payment method. Since 2006, new index futures and options are available because SIBEX launched its own indexes SIBEX 9 and SIBX 18 calculated on prices of important blue chips listed on the Bucharest Stock Exchange. The year 2007 brought new type of stock futures and options for shares listed on Bucharest Stock Exchange. In 2008, the Monetary-Financial and Commodities Exchange launched the first foreign equity futures contract having as underlying assets the share of ErsteBank, the only foreign company listed on the Bucharest Stock Exchange. The development of activity has continued with new initiatives: in 2009, there were launched differenc e financial contracts and contracts on CO2 emissions and at the beginning of 2010, the futures contracts on Dow Jones Industrial Average are available on SIBEX. Fig. 1 The evolution of derivatives contracts` number traded on the SIBEX from Sibiu Source: www.sibex.ro The evolution of derivatives market of SIBEX was modest in period 1997-2004, and annual fluctuations were negative in 1999, 2001, 2003 and 2004. Since 2005, the interest of individual and institutional investors for exchange traded derivatives contracts has rising. Now, are available 36 types of derivative contracts: rate interest contacts, equity contracts, index contracts, currency contracts, commodities contracts, contracts on CO2 emissions and financial contracts on difference. Taking in account the number of derivatives contracts concluded, the year 2006 was the best year. The year 2008 has good results because the annual rise was 3,66%, so the international financial crises have not a dramatic impact on de rivatives market from Sibiu. In the last year, the interest of investors has diminished and the results were a dramatic decrease of the number of derivatives contracts concluded (around 45%). At the Monetary-Financial and Commodities from Sibiu, the futures market is the principal segment of derivatives market (the share of this market is around 99%) and this segment gives the trend of the whole market (table 1). These contracts are used for speculative purpose and for hedging strategies. Many investors with large portfolios of shares traded on spot market from Bucharest Stock Exchange use futures contracts traded on SIBEX in order to hedge the potential loss from the spot market. The shares used as underling assets are traded on spot market from the Bucharest Stock Exchange. Table 1 The key figures for futures market form SIBEX in 2007-2008 2008 2007 Value of futures contracts (RON) Number of futures contracts Value of futures contracts (RON) Number of futures contracts 7,557,181,984 3,578,582 11,688,114,092 3,456,023 Source: Activity Report of SIBEX`s Board 2008, p.9-12, https://www.sibex.ro The most traded contracts are futures contracts on shares issued by Financial Investment Company 2, 3 and 5, Petrom, Transilvania Bank, ErsteBank, and Rompetrol. In the year 2007, the notional value of futures contracts was over euro 3,5 billions and the annual growth rate was 20% even the number of contracts decreased with over 18%. [6]. In 2008, the decrease of price of underlying assets has affected the total value of futures contracts traded and the notional value of futures contract. For the year 2009, the most important segment of derivatives market is still the futures market, but the consequences of international financial crisis have influence the dynamic of this market. We remark an important decreas e of the value of futures contracts. Table 2 The key figures for futures market form SIBEX in 2009 Value of futures contracts (RON) % 2009 versus 2008 Number of futures contracts % 2009 versus 2008 2,466,816,575.58 32.64 2,430,849 67.93 Source: Activity Report of SIBEX`s Board 2009, p.6-7, https://www.sibex.ro Regarding the market` structure, we remark a very high concentration of the futures market. The shares are the most important underlying assets for futures contracts. The financial sectors represents by financial investment companies and banks account over 95% of the futures market. Two financial investment companies SIF 2and SIF 5 are the leaders on futures market in 2007 and 2008 (table 3). In the year 2008, the most important increase in liquidity was observed for RON/EURO futures contracts. The rise of the number of this type of contract was over 500% and the situation is due to the high interest of banks, multinational companies, investment funds and foreign trade companies for hedging strategies based on currency futures con5racts. In the year 2008, the most dramatic cut of contracts` number was registered for shares issued by Transilvania Bank (the decrease was around 88%) due to the decrease of interests investors and the suspension of this company for technical operations from the Romanian exchange. Table 3 Liquidity top at the SIBEX from Sibiu Contracts type Number of contracts 2008 Weight 2008 Number of contracts 2007 Weight 2007 DESIF 2 1,627,621 45.48 % 1,635,568 47.33 % DESIF 5 1,803,687 50.40 % 1,504,232 43.52 % DETLV 13,444 0.38 % 113,715 3.29 % DESIF 3 10,376 0.29 % 62,971 1.82 % DERRC 1,218 0.03 % 54,004 1.56 % DEBRK 9,189 0.26 % 35,267 1.02 % DESNP 23,364 0.65 % 3, 438 0.91 % RON/EURO 81,259 2.27 % 13,927 0.40 % Others 8,424 0.24 % 4,901 0.14 % Total 3,578,582 100 % 3, 456,023 100 % Source: Activity Report of SIBEX`s Board 2007, p. 11, Activity Report of SIBEX`s Board 2008, p.14 https://www.sibex.ro In the year 2009, we observed an increase of the concentration of the futures market that are dominated by the two financial investment companies SIF 2and SIF 5; their share market increased to over 95%. Table 4 Top five of the most liquid futures contracts at SIBEX in 2009 Contracts type Number of contracts 2008 Weight 2008 DESIF 5 2,106,791 86.96 DESIF 2 200,838 8.29 EUR/RON 95,837 3.96 DETLV 8,861 0.37 DESNP 6,608 0.27 Source: Activity Report of SIBEX`s Board 2009, p. 12, https://www.sibex.ro The options market form Sibiu has small dimensions an in spite of international financial crisis, we observed an increase of investors ` interest for these contracts because the buyers of options have an important advantage: the maximal lost is equal with the premium paid at the conclusion of contract. In the year 2009, a number of 52,438 options contracts were traded at Sibiu,the annual increased being around 30%. Given the economic and political context, the emergence and development of the Bucharest Stock Exchange was due to the initiation and conduct of the Mass Privatization Process. Thus, the Law no. 58/1991 regarding the privatization of state owned companies imposed the emergence of capital market and related legislation in order to allow trade, in an o rganized manner, of the vouchers shared to the population in the Process of Mass Privatization. Although the deadline imposed by this law, for adopting the law of securities and stock exchanges was 6 months; the Parliament approved this law after 2  ½ years, in 1994. So, the Bucharest Stock Exchange was established in 1995, later compared with other countries from Central and Eastern Europe. The development of the Bucharest Stock Exchange is influenced both by improving legislation in this area, which was aligned to the European Union standards and the diversification of securities launched (futures contracts, preference rights), that are in dramatic extension. In this respect, we mention the legislative changes and the Bucharest Stock Exchanges concern for stability of capital market, resulting in reducing the number of listed companies, being withdrawn the companies that have not complied the exchange regulations. At the beginning, the Bucharest Stock Exchange was a s pot market, where initially, only shares were traded. The capital market in Romania is a market of shares, bonds market being in a process of development, a phenomenon specific to the countries of Central and Eastern Europe. Although the legal provisions regarding bonds have been issued since 1990 (Law no. 31/1990 on companies), the first bonds issue was occurred quite late (1997) and the interest on the bond has intensified since 2001. The bond market is sustained by public authorities (local and central) that have decided to use this financing technique and have listed municipal bonds and treasury securities on the Bucharest Stock Exchange. The first futures contracts were launched in 2007 and the underlying assets are indexes of Bucharest Stock Exchange: BET and BET-FI. The futures transactions were modest; only 64 contracts were concluded in 2007. The value of these contracts was USD 225,162.53 (Euro 159,966.60). In 2008, the offer for futures contacts was improved and now, 1 4 types of futures contracts are available: 10 equity futures, two index futures and two currency futures (USD/RON, EUR/RON). For equity futures, the BSE chosen the blue chips traded on spot market: shares issued by five financial investment companies, Petrol, Transelectrica, Transgaz, ErsteBank and Transilvania Bank. Until December 2008, the number of futures transactions was over 900 and more than 17,000 of contracts were concluded. The notional value of these contracts is over USD 7,5 millions (Euro 5 millions). [8] The evolution of the futures market from Bucharest is presented in the next table. Table 5 The dimensions of futures market from Bucharest Year No of transactions sessions No of transactions No of contracts Value (RON) 2007 71 41 64 540,535,10 2008 250 922 18,018 19,308,627.90 2009 250 507 15,613 67,049,100.00 Source: www.bvb.ro So, the Romanian derivatives market has two components: the Monetary-Financial and Commodities Exchanges and the Bucharest Stock Exchange. The offer of SIBEX is richer than the offer of the BSE and the interest of investors in much higher for the derivatives contracts launched by the SIBEX. There are two similarities between the two exchanges: the main underlying assets used for futures contracts: shares issued by important companies listed on the BSE`s spot market and currencies: USD and Euro. very high concentration of the futures market; the leaders are futures contracts for shares issued by financial investments companies (the same situation can be observed on spot market: financial investments companies are the stars of spot market). Conclusions Even if the derivatives transactions are used from many centuries in developed countries, in Romania, exchanged-traded futures and options are available since 1997. The two segments of Romanian derivatives market the Monetary-Financial and Commodities Exchange from Sibiu and the Bucharest Stock Exchange had different evolution. The exchange from Sibiu was set up based on private initiative and its development activity is more intense than the activity of the BSE: derivatives contracts have been launched since 1997 and now, over 30 types of futures and options contracts are available on currencies, equities, interest rate and gold. The Bucharest Stock Exchange was established in 1995 as institution of public interest and received assistance from Canadian authorities. The purpose of setting up of this exchange was the support for Privatization Program. For this reason, for many years, this exchange has a single segment: spot market for shares and bonds. After the new law of ca pital market (297/200) came into force, this exchange was transform in private corporation. In addition, the futures contracts were introduced in 2007, but value of transactions is modest and the offer of derivatives contracts is limited. Even the evolution of these exchanges is different, we can observe a concentration of derivative transactions on futures segment and on the same underling assets: shares issued by financial corporations like financial investment companies created on the base of Privatization Program and Romanian or foreign banks (in fact, only a foreign bank are listed on the BSE ErsteBank and derivatives contracts are available for the ErsteBank shares on two exchanges). Romania has a marginal position on European derivatives market and the offer of Romanian exchanges is rudimentary. In fact, even in Central and Eastern Europe, the Romanian exchanges are surpassed by exchanges like Budapest Stock Exchange, Wiener Borse or Warsaw Stock Exchange. A solutio n for this problem could be the merger of two Romanian exchanges, a project that failed few years ago or the establishment of a regional exchange formed by exchanges from Central and Eastern Europe. These projects could be done taking in account the experience of other European integrated exchanges like Euronext and Eurex or the merger between Budapest Stock Exchange and Budapest Commodities Exchange from 2005. In addition, we must notice the harmonization of capital market legislation in European Union and collaboration between exchanges. For example, the Bucharest Stock Exchange signed some collaboration agreements with exchanges from Salonic, ChiÃÆ'†¦Ãƒâ€¦Ã‚ ¸inÃÆ'„Æ’u, Roma, Athena and London. At the end of 2006, the Bucharest Stock Exchange and the Wiener Borse has signed an agreement and in this way, the data regarding the transactions from Romanian market are available for Austrian investors. On agreement basis, Wiener Borse has offered Romanian author ities know how to launch futures contacts at the Bucharest Stock Exchange. In addition, in august 2007, the Bucharest Stock Exchange and Cypriot Exchange have signed a cooperation agreement through which the most important shares from the two countries can be listed on the two exchanges. Beside this collaborations activity, some interdependence between exchanges is created by purchase of shared issued by exchanges. For example, Wiener Borse is the main shareholder from the Budapest Stock Exchange and the Warsaw Stock Exchange has a small stock at the Monetary-Financial and Commodities Exchange from Sibiu. Analyzing the activity of exchanges form Central and Eastern Europe, a specialization of each exchanges is observed: the main sector for Warsaw Stock Exchange and Wiener Borse is stock index futures sector, currency futures are the most important derivatives contracts on Budapest Stock Exchange and in Romania, the stock derivatives are the main sector of exchange. So, foreign investors have opportunity to diversify their portfolio using different types of derivatives contracts available on exchanges from Central and Eastern Europe. The international financial crises has not affect strongly the activity of exchanges from all over the word if we take in account the increase of number of derivatives contracts concluded in 2008 compared with 2007. The most important actors that have an important contribution are the exchange groups like CBOE Holdings, Climate Exchange, Eurex, Intercontinental Exchange, NASDAQ OMS Group or NYSE Euronext and some Asian exchanges. The main explanations are the intense innovation activity of exchanges groups and the interest of investor for Asian markets in order to diversification of their portfolios. The exchanges from Central and Eastern Europe have been affected negatively by the international financial crises, but some segments registered a good evolution; for example, the Warsaw Stock Exchange and SIBEX from Sibiu.

Project Management Mid-Term Study Guide - 4780 Words

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Strategic management – the science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives. Strong matrix – The balance of power is in favor of the project manager. TheShow MoreRelatedRoles And Responsibilities Of A Project1174 Words   |  5 Pagesactors of a project determine its eventual success. While projects are regarded as information processing systems, the actors shape the outcome of the project mainly because they are involved in the intricacies of planning, assessing and implementing (Winch, 2012). This is despite any technical automotive system used since the controller is responsible for configuring the system. Consequently, the delegation of roles and responsibilities is crucial to attaining the intended outcomes of a project. 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Six Sigma is considered to be an approach which blends the components of quality management and business process re-engineering. SixRead MoreA Work Breakdown Structure ( Wbs )1170 Words   |  5 Pagesan summary of the project because it forms the premise for organization and coordination within the project as a well because it shows the number of labor allotted to resources, time needed and prices concerned within the project. A PERT chart is a system based guide for breaking down the tasks that are included in finishing an project to recognize critical ways. They are by and large used to depict the activities and events in programs. Gantt generally used in project management, is a standout amongstRead MoreCompare and Contrast the Strategic Issues Faced by Two Competitors in the Same Industry.1464 Words   |  6 PagesFaculty of Economic Business †«Ã™Æ'ليØ © Ø §Ã˜ §Ã™â€žÃ™â€šÃ˜ ªÃ˜ µÃ˜ §Ã˜ ¯ ÙˆØ §Ã˜ ¥Ã™â€žÃ˜ ¯Ã˜ §Ã˜ ±Ã˜ ©Ã¢â‚¬ ¬ Syllabus Strategic Management (BUS 420) Muhammad Zafar Yaqub, Ph.D., MBA, MA (Eco.), MA (Pol. Sc.) Room No. 479, 4th Floor Department of Business Administration Voice Direct: +966 2 70470 Mobil: +966 565 466737 Email: zafar.yaqub@yahoo.com Skype ID : mzyaqub COURSE DESCRIPTION With the advent of the (global) marketplace becoming more and more dynamic and tough due to an ever-intensifying competition, a key determinant/antecedent of the firms’Read MoreHOSP582 Case Study 2 Essay1179 Words   |  5 Pages ï » ¿HOSP582 Case Study 2 ABC Management Company: Organizing for Mid-Range Service Discussion Questions 1. List some of the important organizational and service factors that the executives of ABC Management should consider before responding to the owners of the three mid-range service properties. Since the hotels are within the mid range (350-500 rooms), a room director will be needed to supervise the departments that make up the rooms division, another director for the food and beverageRead MoreHarvard Business School: the Atekpc Project Management Office1550 Words   |  7 PagesCases in Applied Project Management Individual  Assignment Identify the main purpose and mission of a PMO and what are the main challenges and obstacles in implementing a PMO? (HBS: The AtekPC Project Management Office) Submitted by: KMO Greene Introduction The AtekPC Company found in 1984 has grown in size and scope to become a mid-sized technology PC manufacturer. 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This problem was mitigated soon through its competencies in strategizing and manufacturing potentials as well as the expansion of its product diversification, i.e. the establishment of new brands which were the â€Å"classic† and the Audi brand group so that the focus is not just on the traditional mid -sized vehicles of a particular segment. Moreover, given the high quality ofRead MoreComparison in Information System Management Programs Essay1172 Words   |  5 PagesCOMPARISON IN INFORMATION SYSTEM MANAGEMENT PROGRAM BETWEEN UiTM (UNIVERSITY TEKNOLOGI MARA) AND SWINBURNE UNIVERSITY OF TECHNOLOGY 1.0 INTRODUCTION 1.1 BACKGROUND Program of Information System Management in UiTM Bachelor of Science Information System Management (Hons) is the program that recognizes information as a strategic resource. It is designed to educate and train students with knowledge and skills in managing information. It involves analyzing, designing, developing, and managing various

Social Media And Its Effects On Society - 1504 Words

Social media: where a whirlwind of ideas and opinions from a multitude of culturally, politically and socially unique people have the ability to come together. In many situations, social networking can be a positive environment, a learning center where intellectual discussions have the ability to thrive. Although, there will always be negatives to unregulated settings like social sites such as Facebook, Twitter and Instagram. People can take advantage of how easy it is to place negative viewpoints and offensive declarations in a place where it is not necessary to take responsibility for one’s comment(s). Since these sites exist, they have become a new means of bullying. Just ask Daisy Coleman, a young girl who was slut shamed and cyberbullied to the point of attempting suicide after becoming the victim of rape at a party. Sadly, the course of events that Daisy Coleman dealt with, are all too real for a countless amount of girls who are the victims of rape. Many girls are afrai d of even admitting to have been raped because of the fear of being shamed. In many cases, the alleged rapists are not seen as â€Å"capable† by the city and student body, so the girl is slut shamed and called a liar. This is where social media plays a critical role, it can fuel slut shaming which causes rape victims to feel detached and abandoned; this has the ability to lead victims into attempting suicide and other self harm. According to Rainn.org, teenagers and young adults are at the highest riskShow MoreRelatedSocial Media And Its Effects On Society1597 Words   |  7 PagesSociety Crumbles into Smithereens One Post at a Time You are walking out of the new Star Wars movie, posting about how superb it was, when suddenly you are swooped up and thrown in the back of a vehicle. No one would have thought posting about how you were there earlier would provoke such a situation. After all, social networking is â€Å"safe† and â€Å"friendly.† Now, social media is defined as â€Å"A form of electric communication through which users create online communities to share information,† accordingRead MoreSocial Media And Its Effect On Society1711 Words   |  7 Pagesinfluence usually are not the first words you would expect to come to mind when thinking about the term â€Å"social media,† yet with a little digging you will soon realize it could be the perfect description. Social media can be defined as forms of electronic communication through which users create online communities to share information, ideas, personal messages and other content. Most often social media is understood as a p ositive concept because of the ways it has allowed us to attain cheap and easilyRead MoreThe Effects Of Social Media On Society1359 Words   |  6 PagesIn a broad sense, Social media refers to elements such as websites, television, blogs, IM, and other applications that enable users to create and share various forms of content such as messages, pictures, and information, or to be able to participate in social networking. Social media depends on web-based applications, which allow a high level of virtual interaction on various levels such as social, professional, and educational levels. Social media has had various contributions to the developmentRead MoreSocial Media And Its Effects On Society1592 Words   |  7 Pagesdevelopment of vast social media networks has improved our communications and interactions. These networks, such as Facebook and Twitter, are essential to how information is shared and criticized. The Social Media Handbook defines social media as â€Å"networked information services designed to support in-depth interaction, community formation, collaborative opportunities and collaborative work† (Hunsinger, 2014 p.1). Having an account or profile on these sites is more than a social norm; it is a requirementRead MoreSocial Media And Its Effects On Society1359 Words   |  6 PagesPeople may say social media is good for you but is it really? Everyday, everywhere I always see people on social media calling people bad names, not being able to communicate face to face with each other. Social media, social media, social media†¦ oh what is has done to the world, so many students grades have dropped, criminals PROMOTE crimes. Ultimately, what is at stake here is social media will one day take over the world. People’s safety will be in danger, crimes will increase, people will getRead MoreSocial Media And Its Effect On Society1601 Words   |  7 Pagesrecent editorial titled â€Å"Hazards of Social Media† on your LinkedIn page on February 10th, 2016. It was very interesting to read your perspective on social media and its effect on society. Having an undergraduate major in Psychology at the University of Southern California and currently conducting research on social media usage at the Brain and Creativity Institute of USC, I have spent significant time researching the issue of social media.Though I agree that social media can be hazardous if not used effectivelyRead MoreSocial Media And Its Effect On Society998 Words   |  4 Pagesis bound to be a shift in social norms. As the times change, so does societ al views on acceptable values. One such possibility is the standard value accepted by mainstream society in which the way a female body is sexually portrayed in the media. It appears that society has not only accepted this standard, but has increasingly encouraged a more sexualized representation of the female body. Social media is an informational highway about what is accepted by the larger society and inferred by the individualsRead MoreThe Effects Of Social Media On Society Essay1644 Words   |  7 PagesSocial media has become prominent parts of life for many young people today. Most people engage with social media without stopping to think what the effects are on our lives, whether positive or negative. Are we as a society becoming more concerned with Facebook friends than we are with the people we interact with face-to-face in our daily lives? What will the longterm effects of today s social media use be? There are many positive aspects, but there are equally as many dangers that come withRead MoreSocial Media And Its Effect On Society1151 Words   |  5 PagesSocial Media The Workplaces’ Largest Enemy Being employed means that an individual will in most cases have coworkers and bosses; the environment shared between the employees is known as the workplace. In the time before technology, people being fired from their jobs was not an unheard of situation. The difference now is people are being terminated from their jobs because of something they posted on social media. If this was not the case, it would set a precedent that posting inappropriate or hurtfulRead MoreSocial Media And Its Effects On Society Essay1396 Words   |  6 PagesIn our modern world, the use of social media is overwhelming and second nature due to the availability. Several people all around the world possess some form of an electronic device that is capable of accessing social media, rather it be Facebook, Twitter, Snapchat, Instagram, and many more. â€Å"Technology’s rampant popularization over the past decade in terms of social media has meant that texting, Facebook, and Twitter have inevitable take n over as the most efficient ways of communicating with each

Malcolm X A Man Not Many People Truly Know About

A righteous and amazing individual known as Malcolm X was a man not many people truly know about. Malcolm’s enthusiasm in helping blacks really understand the world they live in and their credence in their society should at the least be welcomed so a correlation can be established and the world can focus on more pressing issues other than race. He was an angry, potent activist and motivated extremist for all the right reasons. In his life he had to overcome many obstacles and triumph over many predicaments that threatened him mentally and physically. Malcolm had converted to a religion and he gave it his all. Malcolm believed in the religion and its leader more than he believed in himself, just to find out things are never what they seem. People time after time tried to end his life even before he was assassinated and though he realized that his days were numbered still pushed forward. One thing we all learn in life is that your biggest enemy that you will ever face is yourse lf; at times he fought himself more than anyone else. In Malcolm’s younger years he was quite a different type of person. At the time he was a drug dealer and though he sold drug he used them himself. He was doing petty robberies in other cities, but he was imprisoned for committing another crime. While in jail he went from being an young atheist drug dealer and addict to a proud member of the Nation of Islam. It was his brother Reginald that occasionally visited him. Each time he would tell MalcolmShow MoreRelatedEssay about Malcolm X979 Words   |  4 PagesMalcolm X   Ã‚  Ã‚  Ã‚  Ã‚  The history of the United States has in it much separation or segregation due to race. For a long time our country has seen racism as a large problem and this has caused ethnic groups to be looked down upon or forced into a lifestyle of difficulties and suppression. Due to this, races, particularly African-Americans, have been forced to deal with unequal opportunity and poverty, leading to less honorable ways of getting by and also organizations that support change. Malcolm X isRead MoreMalcolm X Thesis984 Words   |  4 PagesMalcolm X The history of the United States has in it much separation or segregation due to race. For a long time our country has seen racism as a large problem and this has caused ethnic groups to be looked down upon or forced into a lifestyle of difficulties and suppression. Due to this, races, particularly African-Americans, have been forced to deal with unequal opportunity and poverty, leading to less honorable ways of getting by and also organizations that support change. Malcolm X isRead MoreA Brief Note On Civil Rights Leaders And The Media Essay1453 Words   |  6 Pagesand The Media Millie Brasser 11/07/2016 MALCOM X 1925 -1965 Maxlcom X was born on May 19, in Omaham Nebraska, also knows as Hajj Malik Elshbazz, His family lived in in Omahan his father was a preacher of a Baptist church he was an active man where he dedicated himself to preaching to the community of blacks his father Belonged to a movement called Marcus Garvey. Maxlcom X and his family received many threats from the Ku-klux klan group where many times they had to move through the established threatsRead MoreAutobiography of Malcolm X Synopsis1424 Words   |  6 PagesA Malcolm X Reaction Paper: From George Washington to Rosa Parks, JFK, and countless others, the world has been blessed and challenged by various leaders. In the national bestseller, â€Å"The Autobiography of Malcolm X, as told to Alex Haley† we have the experience of being introduced into the life of a leader of such category; Mr. Malcolm X, Malcolm Little, Detroit Red, or rather El-Hajj Malik El-Shabazz. Throughout his autobiography, Malcolm went through several stages of his life that ultimatelyRead MoreMalcolm X Thesis Paper1376 Words   |  6 Pagesthat support change. Malcolm X is one strong example of an African American man who became apart of a group acted against it, uniting people to promote the advancement of colored people and change. Malcolms thoughts towards race and civil right in the previous years were displayed in a less way to the people and by any means necessary perspective. After his pilgrimage in 1964 his view of civil rights had quickly changed into a more complete view of c ivil rights, and the peoples views towards himRead MoreDr. Ben Carson As A Leader Of A Nation1638 Words   |  7 Pagesthe United States’ presidential election in 2016. Despite this, some question his ability to lead a nation, considering his lack of political background. Indeed, Carson currently faces issues similar to past leaders in the black community, such as Malcolm X, whose leadership was questioned as they lacked traditional experience. A large part of Carson’s public image is best summed up in his announcement, â€Å"I am not a politician. I don t want to be a politician† (bio). He proclaims, â€Å"Politicians do whatRead MoreEssay on Biography of Malcolm X1317 Words   |  6 PagesBiography of Malcolm X One of the most influential men of his time, not only with the black community, but also with other people of every community. His beliefs for many people are hard to understand and probably thought as if his beliefs are wrong, but until someone actually reads The Autobiography of Malcolm X, then people will not really understand the complexity of the man Malcolm X. His autobiography takes you on a tour of probably lots of black men of this time and shows all the hardshipsRead MoreComing From An Awareness Of Language By Malcolm X1175 Words   |  5 PagesIn Malcolm X s biography Coming to an Awareness of Language he reveals that he struggled with expressing himself in his writing due to lack of education. He grew up speaking only slang and even though he was well respected for being one of the best speakers in the streets, it didn t get him very far when he needed to be seen in the eyes of professionals. While incarcerated inNorfolk Prison Colony, Malcolm X wrote to various peopl e about a variety of issues that he deemed important. However noneRead MoreEssay on Exploring the Autobiography of Malcom X1068 Words   |  5 Pagesany means necessary. These words were spoken by Malcolm X, a civil rights leader and political activist. He is also the main character, narrator, and author of the Autobiography of Malcolm X. The autobiography takes place in various cities in the United States, such as Omaha, New York, and Detroit, as well as the Middle East, and Africa. Considering the type of literature this is, it is obvious to state that Malcolm X is the main character. Malcolm X, as a child, was intelligent and popular amongstRead MoreMalcolm X : A Leader Of The Nation Of Islam1424 Words   |  6 PagesMalcolm X was a leader who, was the spokesman for the Nation of Islam, an African American political and religious movement, embraced the Black Power philosophy. Malcolm Little was born May 19, 1925, in Omaha, Nebraska, the fourth of seven children. His Father was a local leader of the Universal Negro Improvement Association and his mother served as secretary and branch reporter, sending news of local UNIA activities to Negro World, a weekly newspaper established in New York, they inculcated

A Simple Tip About Research Paper Writing Service Online Explained

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The effect of social or cultural factors on one cognitive process is the effect of schema on memory free essay sample

An example of the effect of social or cultural factors on one cognitive process is the effect of schema on memory. Schemas are mental representations of categories from our knowledge, expectations, and beliefs. Any information that people are exposed to is affected by the society and culture that they are in, and schemas are influenced by external factors, which then affects what’s stored in our memory process. Our memory content opens a window through which we can observe the cultural influences on the ways in which individuals attend to represent, organize, retrieve, and share events, and that is what we will be observing throughout this essay. A significant researcher into schemas is Bartlett (1932). He introduced the idea of schemas in his study called â€Å"War of Ghosts†. His aim was to investigate the effect of culture on memory. He had the participants (all from an english background) read a Native American folktale and then recall it later. We will write a custom essay sample on The effect of social or cultural factors on one cognitive process is the effect of schema on memory or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As for the results, the story was changed, there were no odd or supernatural things added into the stories that the people re-wrote, it was a straightforward story of a fight and death. This story relates to the effect of culture on memory because Bartlett’s work demonstrated how schemas originating in one particular culture is re-called. His participants relied on schematic knowledge, acquired within their culture to understand and later recall a story from a different culture. Memory is very inaccurate, Bartlett’s study helped to explain through the understanding of schemas when people remember stories, they typically omit some details, and introduce rationalisations and distortions, because they reconstruct the story so as to make more sense in terms of their knowledge, the culture in which they were brought up in and experiences in the form of schemas. A further study demonstrating cultural influence on schematic knowledge is by Rogoff and Wadell (1982). The aim was to determine whether non-western children would show a memory defect for contextually organised spatial material. They gave Guatemalan children a memory task that was meaningful in local terms; constructed a diorama of a Mayan village located near a mountain and a lake, similar to the locale in which the children lived. Each child watched as a local experimenter selected 20 miniature objects from a set of 80 and placed them in the diorama, object included were: cars, animals, people, and furniture. Then the 20 objects were returned to the group of 60 others remaining on the table. After a few minutes, the children were asked to reconstruct the full scene they had been show. Under these conditions, the memory performance of the Mayan children was slightly superior to that of their United States counterparts. This study supports that culture affects memory, Culture heavily impacts schema, thus memory recall. Through this study, it shows that people can remember better or perform tasks which are recognized as part of their culture, due to cultural influences and experiences stored in their schemas. The studies established, in particular Bartlett’s work, showed that memory is, to a significant extent, a construction; moreover, one that relies heavily on the schemas we develop in our cultural settings. And as demonstrated in these two studies, cultural factors stored in our schemas affect our memory and how we recall things. Therefore, human cognition is culturally independent, in the way that cognitive abilities are influenced by the social and cultural context in which people live.

A Very Special Christmas A Very Special Christmas 2 free essay sample

Its Christmas time again and every year more and more artists come out with Christmas albums. Last year saw Boyz II Men and Gloria Estefan bringing holiday tunes and this year Mariah Carey has joined the clique. Theres a problem, though, with entire Christmas albums recorded by only one performer, the songs tend to sound the same. The Very Special Christmas albums, on the other hand, are two eclectic collections of a wide range of musicians recording new songs and renditions of old classics. Founded by Eunice Kennedy Shriver, the chairman of Special Olympics International, the Very Special Christmas albums were first released in 1987 and again in 1992 to raise support for the Special Olympics. The songs on the first album range from the Eurythmics light and harmless cover of Winter Wonderland to the Pointer Sisters lively Santa Claus is Coming to Town and Bryan Adams Run, Rudolph, Run. However, the best moments are sliced and served by Whitney Houston and Sting. We will write a custom essay sample on A Very Special Christmas A Very Special Christmas 2 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Whitneys passionate rendition of Do You Hear What I Hear truly captures her soul. Stings stunningly sincere and powerful Gabriels Message is a beautiful addition to the collection. Madonnas baby voice on Santa Baby and Bon Jovis hard rock Back Door Santa dont seem to fit quite well, though. The second album also succeeds at bringing a broad range of talent together. It scores points by including Aretha Franklins soul on a slower and more elegant version of O Christmas Tree, as well as bringing blues with Merry Christmas Baby by Bonnie Raitt and Charles Brown and jazz with Vanessa Williams classy What Child is This? Boyz II Mens a cappella version of The Birth of Christ rises high above their Christmas album. Extremes Christmas Time Again is an original masterpiece. Its one of those songs that you know is destined to be remade in the future and ends with a nice touch of The First Noel for good measure. Both albums contain a nice variety of musical styles that will surely keep the holidays interesting. .

Measuring Performance Collaborative Public †Free Samples

Question: Discuss about the Measuring Performance for Collaborative Public. Answer: Introduction Performance evaluation helps in understanding the quality of services delivered by a system and performance is evaluated of an employee accordingly. Performance management is one of the most important functions of an organisation. The process however comprises of key techniques like direct measurement of performance, analytical tools etc. The key attempt of developing performance management tool is to study and understand if the working set up is in a good condition or not, and if the entire set up needs up-gradation or not. Based on the evaluation the employees are ungraded and trained to enhance overall performance (Aguinis, 2014). In this report Olympus Health group shall be considered and thus focus on evaluation of performance assessment tool in Australia. Improving staff performance in healthcare domain helps in saving human lives and money in a defined way. Irrespective of the size or magnitude of the company performance management tools guide the company towards performance improvement and also attain sustainable result. Adoption of performance management tool therefore aligns people with the mission vision of organisations approaches and also influences financial measures. The performance management tool aligned people with companys mission in a defined way. Some of the key performance management tools as found effective in healthcare domain, are, balanced scorecard, lean, Baldrige and Studer. Each management tool could be implemented separately or in combination to improve overall culture and performance of the health care organisation (Ashdown, 2014). Balanced score card: It has been often mentioned that one should never drive the organisation by looking only through the rear-view mirror and Balanced scorecard supporters hence focus on measuring as well as monitoring performance from both past and present and emphasise on future performances. This is often achieved by identifying companys mission into four equal perspectives of performance and strategy. Implementation of Balanced score card in a company soon impacts on the overall culture. Hence, this approach is very effective in the healthcare domain as it instils a culture of learning and growth in employees (Bratton and Gold, 2017). This strategy also guides employees the employees and help in identifying unique role that is needed in order to serve the mission of the organisation. In short, such an approach when implemented in Olympus health group is likely to improve overall performance, productivity as well as culture. In the system the internal process perspective drives operation in a defined way and hence focuses on organisations mission and strategy and possesses the ability to reduce workload by strategically focusing on mission-driven tasks. Teaching is an important profession in the society. It is a responsibility of an individual to impart knowledge and help students understand and grow in a defined way. As far as the area of education is concerned it is to be mentioned that apt training and management helps in gaining knowledge about the task and hence one could offer services in a proper way. Training nurses also enhanced my knowledge base on ways of effective teaching (Dessler, 2017). As an assessment tool initiator it could be mentioned that having studied here during the course of teaching approaches and ways in which I shall improve knowledge sharing and teach students. I have understood several key characteristics of teaching and even studied specific models on learning. As an aspiring teaching professional, I have gained immense knowledge from the respective course. I have also learnt that in order to teach properly one should adopt specific teaching methods and ensure that students learn information in a proper way. During the course, I learnt several effective methods that should be implemented to teach students and enhance their knowledge in a defined way. I have gained knowledge on effective techniques and characteristics of teaching. Hence the course was helpful and helped me in enhancing my knowledge in a defined manner (Kapucu and Demiroz, 2011). Mistakes are common and students could easily make mistake. As a teacher, it is my responsibility to help students understand their shortcomings and perform in a defined way. I have also gone through cultural and other aspects of society and decided to teach students to enhance knowledge about several aspects of life. I have learnt about techniques and the need for creating an environment for teaching and thus ensure that involving and interactive environment would help in learning in a better way. In this perspective, I would mention that several methods of teaching have been learnt to ensure that students have properly gained the knowledge and they could now explain issues in greater detail (Little, 2007). It is here I have also learnt ways of developing an interest in a topic or subject by implementing specific methods in teaching. Since not every student enjoys every class, it is the responsibility of the teacher to implement specific methods and through innovation involve and up grade students in a defined manner and help them grow as a responsible citizen of the society. Education is an integral aspect of cultured and civilised society. It is the responsibility of a teacher to help children gain knowledge through a proper learning process and grow as a healthy and responsible citizen of the society. Thus, as a responsible individual from the society, I have selected the profession and wished to help children learn and grow in a proper way. . I have hence not only learnt about techniques of teaching but also enhanced my skill and knowledge about ways of knowledge evaluation or else it is difficult to understand how far students have understood the topic or area of discussion. These effective teaching methods approaches have hence helped me immensely and I could now offer the much needed mentoring and coaching sessions (Dessler, 2017). Job analysis: job analysis mainly includes description of the job. In the retail industry it is imperative for an employee to understand the job role in order to perform as per the job demands. Though various organisations in the retail sector have their own standardization, but the job analysis includes certain aspects like identification of the data that is to acquire knowledge regarding the job tile, pay grade, department role and so on. On the other hand, organisational data, job summary and job content are being delivered to the applicant through conducting interviews which is a major part of the staff selection (Olympus Medical Center, 2017). It is another assessment tool which could be implemented to evaluate performance in a defined manner. Health care in Australia generally focuses on improving services towards patients and less on interventions. According to the Australian Public Service Management Advisory Committee (2001) effective performance management includes the following; Thus as per Australian policy makers effective performance management should include goal setting as well as formal performance appraisal tools such as informal feedback throughout the cycle. When managers successfully receive positive feedback both individual as well as organisational performance of Olympus health care improves (Aguinis, 2014). Effective performance management techniques suitable in this situation include application of special approaches, such as periodic performance appraisal is a key performance management component. Appraisal here has aimed at meeting employees work objectives, identifying training needs if any and also gives feedback on individual activities so that the management could plan accordingly for improvement. Formal appraisal session could be implemented for best result, such as; Evaluate the staffs performance strength. This evaluation will help in underpinning weaknesses and also help in addressing key issues or problems associated with services. Focusing on specific areas will help in offering apt guidelines for performance improvement. This approach will further help in boosting an individuals moral as generally if the manager says poor job, inadequate performance this demotivates the performer and impacts on overall performance (Ashdown, 2014). Secondly, the approaches should focus on adopting key ways to improve organisations culture and work environment. Giving respect and identifying ways in which a staffs personality could fit in the organisation would further help in encouraging positively and create a sense of belonging. Thus motivate individual performance. Collect feedback from different sources. Application of 360 degree feedback will help in this perspective. The management will be able to get a broader understanding of employees performance oriented issues if any. Ensure that the individual should have proper knowledge of what is expected from him (Bratton and Gold, 2017). Performance assessment plan is a process of improving individual performance by application of guidance as applied by managers after identifying the issues in existing activities. Hence, before implementing training sessions, it is essential to implement goal setting. Identifying a goal automatically helps in establishing a focused vision and then one could plan growth and improvement as per the goals. Goals help in prioritising activities and hence increase determination. Thus, performance improvement planning becomes more planned and organised with the help of goal setting (Dessler, 2017). Thus goals should, time bound, specific, easily achievable, and motivate staffs to achieve within a time frame. Some other techniques of performance assessment that could be implemented here for improving employee productivity are; Job satisfaction is an important factor in performance management. Satisfaction level impacts on overall performance as it impacts on the psychology of the staff. If the staff is happy and satisfied with the nature of job and also with the salary automatically he performs in a satisfied manner and dedication increases. Thus evaluation of employee job satisfaction level will automatically help in identifying de-motivated staff and encourage towards implementation of effective motivating techniques like training and additional facilities or perks to improve performance in a defined way (Kapucu and Demiroz, 2011). This is another key issue that plays a pivotal role in employee management. When employees are happy with job security they automatically perform without nurturing any tension from uncertainty or threat of becoming jobless. Hence implementing good work environment and offer worker safety and other health care benefits as per the human resource policies of the government will improve employee activities (Maddux, 2006). Conclusion: Thus, it could be underpinned here that adopting a strategic plan will help in improving performance of the Olympus health care in Australia in a significant way. Some of the key performance indicators have been identified so that it could be implemented in order to improve overall performance of the organisation in a defined way. Employee motivation is important in order to improve performance and employee engagement. Hence application of training and other approaches are likely to improve employee performance, increase level of customer satisfaction and this would lead to business enhancement, revenue generation and ensure long term sustainability. References Aguinis, H. (2014).Performance management. Harlow, Essex, GB: Pearson. Ashdown, L. (2014).Performance management. 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