Trade Gap Defies Expectations :: essays research papers

Unique Most financial expert view exchange as a necessary piece of the free market framework. The United States economy is right now running an exchange shortage, an overabundance of imports over fares. The U.S. exchange deficiency extended significantly more than anticipated in June. The entire subject of exchange must be seen from an all out picture, not only a section or segment of the issue. This paper will break down the present situation of the exchange deficiency and a portion of the elements that have made the hole extend. Exchange Gap Defies Expectations Presentation      Most business analyst see exchange as a vital piece of the free market framework. â€Å"Trade permits specialization and division of work and subsequently advances innovative growth† (Colander, 2004, p. 414). The United States economy is right now running an exchange shortfall, an abundance of imports over fares. This deficiency is at present being financed by the selling of benefits, for example, stocks, bonds, and land. The equalization of exchange has been in a shortage position since the 1970s and will likely proceed toward this path for a long while, â€Å"since the benefits of the United States absolute a large number of dollars† (Colander, 2004, p. 416). This paper will dissect the present situation of the exchange shortage and a portion of the components that have made the hole extend. Exchange Deficit      â€Å"The U.S. exchange shortage augmented significantly more than anticipated in June† (Reuters, 2004). This expansion was because of a huge drop in trades, the biggest in three years, and a record level of imports. Actually, sends out fell 4.3% which speaks to the biggest decay since September, 2001. During this equivalent timespan, imports climbed 3.3%. This expansion is halfway because of the run-up in oil costs †the most elevated since March, 1982. In addition to the fact that prices increased, the amount of unrefined imported rose too.      â€Å"The essential exchanging accomplices of the United States are Canada, Mexico, the European Union, and the Pacific Rim countries† (Colander, 2004, p. 415). The numbers from the June report demonstrated that the U.S. exchange hole with Mexico arrived at another record and is on tract to break last year’s record numbers. Another nation wherein the exchange hole has extended is China. The fares to China facilitated while imports moved to an untouched high. This relationship is substantially more politically delicate. Actually, â€Å"U.S. fabricates and work bunches gripe that Beijing’s approach of holding the estimation of its money consistent against the dollar has given it an unjustifiable exchange advantage† (Reuters, 2004).

Observation of Participational Cinema in Action Essay

Perception of Participational Cinema in real life - Essay Example Emotional movies are commonly shot from a third individual 'voyeur' point of view, which permits the crowd to watch the unfurling occasions from a separation. So as to achieve this condition of mindfulness and acknowledgment from logical movies, specialists invest a lot of energy with their subject populace preceding shooting any recording whatsoever. This is intended to urge the indigenous network to overlook the movie producer totally and to come back to their ordinary regular exercises. Notwithstanding, this romanticized approach - the 'imperceptibility' of the camera and it's executive - raises new moral, specialized, and aesthetic issues. The principal contention against this style of shooting lies in characterizing between 'look into' film and 'ethnographic' film: the parameter's of the first preferably contain an undisturbed account of natural conduct (which can be utilized to reason or extrapolate data); the last grouping is assigned by it's altering, which is picked be the producer to make a story. In this way, as MacDougall noticed, the error of the all watching camera eye is itself misdirecting, for the camera is eventually coordinated by the movie producer's decision as well as happenstance. The camera basically chose what little area of the truth is recorded. Along comparable lines, the objective of an executive's self-destruction from the undertaking is a further expulsion from the real world: a considerable lot of the recorded networks are remote and secluded to imagine that the chief's physical nearness has definitely no impact regarding the matters (and a criticism impact on the task itself) is over the to p. Along this standard, subjects responses to cameras relies upon their degree of nature with the media itself. Recording Live with the Herds (1972), MacDougall's quiet movie camera got acknowledged by the locals on the reason that he was shooting constantly (and would along these lines present an exact in general record); when he draws out a still camera close to the finish of his stay, his subjects naturally stuck photogenic stances (MacDougall, 1973) A Ghana executive named Braun, found a comparative impact while shooting film in his youth town during fair time: when a young lady saw him shooting from a housetop, she started to perform. She developed furious when the camera's consideration not, at this point concentrated on her, driving Braun's story to guess about the force connection between the camera and its subjects (Pink). Cerezo, Martinez and Ranera, three anthropologists recording African specialists in Spain, indicated a portion of their recording to their subjects. Since they approached TV, the laborers protested their own pictures as being monstrous and devastated, which has brought about the anthropological contention that visual film can't be taken without the express assent of the subjects (Pink). However MacDougall makes this contention one stride further. In mentioning consent to movie a network while all the while denying them any data to the heading of the movie of film that has been shot, the chief retains the transparency he requires from his subjects. While this might be established in the chief's dread of affecting the network's conduct, it additionally precludes him the contribution from securing the network data which may demonstrate blocked off some other way (MacDougall, 1973

Rapid-Cycling Bipolar Disorder Symptoms and Risks

Rapid-Cycling Bipolar Disorder Symptoms and Risks Bipolar Disorder Symptoms Print Rapid-Cycling Bipolar Disorder Symptoms and Risks By Marcia Purse Marcia Purse is a mental health writer and bipolar disorder advocate who brings strong research skills and personal experiences to her writing. Learn about our editorial policy Marcia Purse Medically reviewed by Medically reviewed by Steven Gans, MD on January 01, 2015 Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital. Learn about our Medical Review Board Steven Gans, MD Updated on January 02, 2020 Bipolar Disorder Overview Symptoms & Diagnosis Causes Treatment Living With In Children Your Rights Aliyev Alexei Sergeevich/Blend Images/Getty Images Rapid cycling is a term used when a person with bipolar disorder experiences four or more mood swings (episodes) within a twelve-month period. An episode may consist of depression, mania, hypomania, or a condition known as a mixed state in which depression and mania are co-occurring. Most people with bipolar disorder will alternate between manic and depressive episodes once or twice a year. Others may only experience this once every few years. However, a small subset of people will undergo what is called rapid cycling in which the mood swings come fast and frequently. Rapid cycling is considered one of the more severe form of bipolar disorder, the condition of which can seriously impair your ability to function as well as your quality of life. Characteristics Rapid-cycling bipolar disorder is characterized by mood swings that are random and unpredictable. There is usually no set pattern as to when an episode might occur and what form it may take. In some cases, the episodes may cycle every few months; in others, the cycling may occur monthly or weekly. Rapid cycling is not a diagnosis, but rather a description of the course of the illness. Similarly, the symptoms of rapid cycling are no different than any other form of bipolar disorder. Only the speed by which they alternate is different. We dont know why rapid cycling occurs and whether it will be an ongoing pattern or one that will eventually resolve. While some rapid cyclers will often alternate between depression and hypomania (a less severe form of mania), most cases will be dominated by distinct episodes of depression. The cycling itself can often be hard to recognize, either because an episode was mixed or the hypomania state has become shorter and less obvious. Rapid cycling may, in some cases, be a precursor to more severe manifestations of the disease, including psychosis. This is more often seen in people with bipolar I disorder than the less-severe bipolar II disorder. Risk Factors Statistically speaking, between five percent and 10 percent of people with bipolar disorder will meet the diagnostic criteria for rapid cycling. While scientists ??have yet to pinpoint the cause of the condition, they have identified a number of common risk factors. Among them: Women appear to be at a higher risk than men, which some believe may be attributed to hormonal fluctuations during the menstrual cycle.People who develop bipolar symptoms in their teens are more likely to become rapid cyclers.A long history of depression is also a common risk factor. Some studies ??have also suggested that the long-term use of antidepressants may contribute. This may explain, in part, why people diagnosed in their teens are at greater risk given that they are more likely to be exposed to antidepressants for many years. Other studies?? suggest that low thyroid function play a part given that rapid cyclers are far more likely to be diagnosed with hypothyroidism. Since the thyroid gland plays a central role in the production of hormones, including those associated with premenstrual syndrome (PMS), it is likely that hormones contribute, at least in part, to the rapid cycling of moods. Impact on Quality of Life Rapid-cycling bipolar disorder not only places individuals at greater risk of alcohol and substance abuse, but it also increases the likelihood of suicide and self-harm. A 2009 study?? from the University of Barcelona concluded that, as an independent risk factor, rapid cycling was associated with a nearly two-fold increase in the number of suicide attempts compared to non-rapid cyclers. Even if suicide is not part of the picture, rapid cycling will almost certainly undermine a persons quality of life. Most affected will be unable to maintain or commit to a set schedule given the high variability of their mood state. Their job performance will typically suffer, and they may end up being hard to rely on, professionally or personally. Unless there are some means to curtail the mood swings, a rapid cycler will usually find it difficult to get or keep a job. Treatment Options Almost without exception, rapid-cycling bipolar disorder is more difficult to treat than non-rapid-cycling bipolar disorder. With that being said, much of the focus will be placed on stabilizing the symptoms of depression given that they will usually dominate the picture. By and large, antidepressants such as Paxil (paroxetine), Prozac (fluoxetine), and Zoloft (sertraline) have proven ineffective in breaking the cycle and may, in fact, only increase the speed by which they occur. Mood stabilizers have proven far more effective, particularly if they are used in combination with an antipsychotic to manage symptoms of mania/hypomania. If you have not been previously treated for bipolar disorder, you may be placed on lithium in first-line treatment. For all others, Depakote (valproate), Lamictal (lamotrigine), or Tegretol (carbamazepine) would likely be prescribed. To support therapy, the antipsychotics Seroquel (quetiapine) or Zyprexa (olanzapine) may be used. Mood stabilizers may be prescribed indefinitely to prevent future episodes. If antidepressants have been used, they would be stopped as soon as the depressive episode is resolved. Get Support With the Best Online Therapy Programs A Word From Verywell If you are being treated for rapid-cycling bipolar disorder, it is important to be patient and take it one step at a time. Find the right combination of drugs can be a process of trial and error, and it may take several attempts before your doctor finds the combination thats right for you. Moreover, once treatment is started, it may take several months before you begin to feel the full benefits of therapy. To this end, it is important to seek support, attend support groups, and to continue working with your therapist until you are able to gain better control over your mood swings.

The Difference Between A Entrepreneur And A Manager...

Entrepreneur Is Too Ambiguous By definition, an entrepreneur is a person who organizes and operates a business, taking on greater than normal financial risk to do so. Unfortunately, this definition does not take into consideration the difference between a founder entrepreneur and a manager entrepreneur. A founder entrepreneur has more effectual reasoning skills and organizes the business in its early stages while a manager entrepreneur has more causal reasoning skills and who operates a more mature business. Most successful entrepreneurs posses both causal and effectual reason skills. However founder entrepreneurs have more well developed effectual reasoning skills while manager entrepreneurs have more well developed causal reasoning skills. Founder entrepreneurs are leaders who focus on ideas, creating value, attracting followers based on their vision, and motivating their audience. Manager entrepreneurs, in contrast, are about planning and execution, counting and measuring value, and coordinating and controlling the efforts of others. Based on the list of attributes it becomes pretty clear why manager entrepreneurs are more appropriate for start-up ventures that require unrelated financial investors. That being said, the vast majority of start-ups don t involve investments other than from the founder, his friends, and his family. These investments are made more to the person than the business idea. Therefore, in most cases, founder entrepreneurs start new business withShow MoreRelatedThe Main Difference Between Manager and Entrepreneur1675 Words   |  7 Pagesbackbone of their economy. In the wake of rising importance of entrepreneurship, various disputes over it, have increased. One such dispute is weather the entrepreneurs are born or made. The primary objective of this work is to compare and contrast the two schools of thought and based on the research make a reasonable conclusion. Entrepreneurs: born or made? Firstly it is worth to identify what actually entrepreneurship is. Generally talking, there are many definitions of entrepreneurship. ManyRead MoreEntrepreneurship1228 Words   |  5 PagesSimilarities and differences between a manager, a business owner and an entrepreneur Date: 12/8/2011 Version: 1.0 Student Number: 110369257 Module: BUS1004 Similarities and differences between a manager, a business owner and an entrepreneur By Henry Amm Introduction The public perception of entrepreneurs today is almost legendary. They seem to seamlessly start up small businesses and make them grow and develop themselves almost overnight to big successes. (Beaver, 2005) This essay willRead MoreThe Concept Of An Entrepreneurship1345 Words   |  6 Pagesto create and operate new businesses and an entrepreneur as a person with positive, forward-thinking desire to create profitable, sustainable business enterprise. According to this definition, a small business owner could definitely be classed as an entrepreneur, as anyone who runs and owns their own business is taking risks with their finances every day of trading. However, this definition is not enough because it only shows one trait of the entrepreneur s personality and behavioral patterns, whichRead MoreWhat does Entrepreneur Means Essay1044 Words   |  5 Pages The word entrepreneur is derived from the French word â€Å"Entreprendre†, which is loosely translated to English as, to mean, to do something or to undertake. Therefore, entrepreneur defined as someone who undertakes a business venture. The first academic to use the word was the economist Richard Cantillon in 1730; Cantillon adds a risk taker element into the definition. The basic definition of an entrepreneur is a person who organizes and manages any enterprise, especially a business, usually withRead MoreStrategic Issues in Entreprenuerial Ventures1565 Words   |  7 PagesAlthough there is considerable overlap between what is meant by the terms small business and entrepreneurship. The concepts are different. The small-business firm is independently owned and operated, not dominant in its field, and doesn’t engage in innovative practices. The entrepreneurial venture, in contrast, is any business whose primary goals are profitability and growth and that can be chara cterized by innovative practices. The basic difference between the small business firm and the entrepreneurialRead MoreAnswers to Questions and Exercises1114 Words   |  5 Pagesfoster entrepreneurship and innovation, and supply goods and services needed by larger businesses. What is the difference between a small-business owner and an entrepreneur? A person may be a small-business owner only, an entrepreneur only, or both. For example, a person who opens a small pizza parlor with no plans to grow and expand is not really an entrepreneur. The basic distinction between small-business ownership and entrepreneurship is aspiration – the former wants to remain small and supportRead MoreEntrepreneurial Behavior and Perspective1553 Words   |  7 Pagesentrepreneurship. In the economic literature, Cantillon defines the entrepreneur as responsible for all exchange and circulation in the economy. He explains that the entrepreneur earns an uncertain profit from the difference between a known buying price and an uncertain selling price, and that the entrepreneur equilibrates supply and demand in the economy, bearing risk and uncertainty. Jean-Baptiste Say defines the entrepreneur as the main agent of production in the economy and should have a principalRead MoreManaging Enterprise For The Health Care Sector1589 Words   |  7 P agesreal entrepreneur can take an idea and that can be change in to a service or product according to the needs of certain population. Because of this characteristic economists said that â€Å"entrepreneurship is becoming an important agent in the growth and wellbeing of the society†.an entrepreneur is motivated by family or society. They offer new completion and also promotes improved productivity. They can recognize and resolves social problems on a large scale. To create social value entrepreneurs act asRead MoreManaging Entreprise On Health Care Sector1697 Words   |  7 Pagesopportunities(Stevenson and jarillo,1990).In case of entrepreneurship we have only limited knowledge of the information of entrepreneurs, business opportunities and the skills and knowledge that people used for organizing and make use of a resources opportunities and suitable environmental conditions for these activities. Changes are one of the important factors in a health care sector. Moreover, social entrepreneurs, use their innovative ideas to solve society’s most pressing social problems and issues and suggest newRead MoreMarketing Plan For A Global Business Essay1585 Words   |  7 Pagesrealize how many advantages are associated with a global outlook. The following are some of those advantages: managers and entrepreneurs have access to a larger talent pool for possible employment; natural resources are abundant both labor and supply; the possibility for growth is enhanced; and with that comes the possibility for increased profit. In order for entrepreneurs and managers to reap the benefits of a global business, they must first structure a business plan based on their strategic

Hidden Flaws in Strategy - 4558 Words

Hidden flaws in strategy Charles Roxburgh The McKinsey Quarterly, 2003 Number 2 After nearly 40 years, the theory of business strategy is well developed and widely disseminated. Pioneering work by academics such as Michael E. Porter and Henry Mintzberg has established a rich literature on good strategy. Most senior executives have been trained in its principles, and large corporations have their own skilled strategy departments. Yet the business world remains littered with examples of bad strategies. Why? What makes chief executives back them when so much know-how is available? Flawed analysis, excessive ambition, greed, and other corporate vices are possible causes, but this article doesnt attempt to explore all of them. Rather, it looks†¦show more content†¦Participants are asked to offer not a precise figure but rather a range in which they feel 90 percent confidenceÂâ€"for example, the Nile is between 2,000 and 10,000 miles long. Time and again, participants walk into the same trap: rather than playing safe with a wide range, they give a narrow one and miss the right answer. (I scored 0 out of 15 on such a test, which was one of the triggers of my interest in this field!) Most of us are unwilling and, in fact, unable to reveal our ignorance by specifying a very wide range. Unlike John Maynard Keynes, most of us prefer being precisely wrong rather than vaguely right. We also tend to be overconfident of our own abilities.5 This is a particular problem for strategies based on assessments of core capabilities. Almost all financial institutions, for instance, believe their brands to be of above-average value. Related to overconfidence is the problem of overoptimism. Other than professional pessimists such as financial regulators, we all tend to be optimistic, and our forecasts tend toward the rosier end of the spectrum. The twin problems of overconfidence and overoptimism can have dangerous consequences when it comes to developing strategies, as most of them are based on estimates of what may happenÂâ€"too often on unrealistically precise and overoptimistic estimates of uncertainties. One leading investment bank sensibly tested its strategy against a pessimistic scenarioÂâ€"the market conditions of 1994, when a downturn lastedShow MoreRelatedThe Hidden Flaws Within Strategy847 Words   |  4 PagesEight Hidden Flaws in Strategy This article explores human omission by identifying the eight hidden flaws within strategy that we know from behavioral economics, which explains bad strategy. Our brain is normally overconfident about our abilities. We are usually overconfident about our personal abilities. This causes problems when our strategy is rooted through assessments of personal capabilities. For example, many financial institutions believe their brands are better than average. This mentalRead MoreA Book Drive By The Great Malcolm X1099 Words   |  5 Pages Strategy allowed myself to identify those flaws that may make me unsuccessful as mentioned by Pink in his book Drive. According to Pink, motivation involves internal and external factors that we harbor within our lives that drive our path for success and motivate us to do all we know and want to do. I allowed myself to enter this challenge and was very aware of the road that I chose to fulfill my destiny, for it is after all that no road bears dif ficulty. It’s those obstacles of which I haveRead MoreTaxing Multinational Corporations, U.s. And Foreign Governments862 Words   |  4 Pagesand find the hidden advantage in any tax law. For example it â€Å"attempts to limit the use of complex financial instruments to minimize tax bills† as well as having more focus on loans and how it can provide a deductible for more interest payments. Yes, it may seem that this tax rule may help with future endeavors of tax on multinational corporations, yet there will always be some flaws in every rule. Though this new tax rule may have many benefits, with benefits there are also many flaws in the systemRead MoreHamlets Fatal Flaw Essay688 Words   |  3 Pagesparticularly intriguing in regards to his fatal flaw. Hamlet’s fatal flaw is a specific trait that forces him to postpone killing the king and it is this trait that drives Hamlet mad (Shakespeare 1.4.23-38). This Shakespearean tragedy is open to many interpretations of Hamlet’s fatal flaw. Two recent film productions of the play, Kenneth Branaugh’s Hamlet and the Zeffirelli’s Hamlet, each show a different fatal flaw in Hamlet. Branaugh shows his fatal flaw to be that Hamlet over thinks everything. ZeffirelliRead MoreA Book Drive By The Great Malcolm X814 Words   |  4 Pages Choosing a strategy allowed myself to identify those flaws that may make me unsuccessful as mentioned by Pink in his book Drive. According to Pink, motivation involves internal and external factors that we shelter within our lives that drive our path for success and motivate us to do all we know and want to do. I allowed myself to enter this challenge and was precisely aware of the road that I selected to fulfill my destiny, for it is after all that no road bears difficulties. It’s those obstaclesRead MoreWindows 10 : A Technological Innovation922 Words   |  4 Pagesgreatest improvements in the history of Microsoft Software. Windows 10 is totally a lifesaving technological innovation. Microsoft has strived to perfect a program that people want and it seems to have worked very well. Windows 7 and 8 had quite a few flaws with their systems and people were unhappy about it. The older software does not allow you to fully personalize the computer to your style. The worst part of it is that much of the software does not function well due to the operating system. WindowsRead MoreBehavioral Economics Deck1345 Words   |  6 PagesSource: â€Å"Predictably Irrational: The hidden forces that shape our decisions†, Dan Ariely, 2010 â€Å"Market Perceptions†, Harvard Business School, 2001 2 OVERCHOICE PARALYSIS SOLUTION: CHOICE REMOVAL CREATE CHOICE FILTERS To prevent the risk of overwhelming customers with options and hence, delaying a purchase, the strategy is to leverage a type of filter and narrow the list of choices. REFRAME CONVERSATIONS TO REMOVE CHOICE For parity products, the strategy used seems to reframe the problem inRead MoreThe Crucible by Arthur Miller993 Words   |  4 Pageswas not an option. Even though their harsh actions severely affected many people, they chose to forever stick to their story of dark desires and a hidden strategy. Every character has a flaw. There is always one simple imperfection in any character, even a story’s tragic hero. John Proctor was The Crucible’s tragic hero who had but one flaw, a fatal flaw. The secret sin between Abigail and John was the cause of his fatality. Abigail says, â€Å"I look for John Proctor that took me from my sleep and putRead MoreSexual Harassment At The Civil Rights Act1746 Words   |  7 Pagesarbitrarily defined timetable, but whenever the circumstances demand† (Ohm, 2010). This is to say that tech-specified laws should be constructed around the evolving nature of technology so as to find some amount of consistency otherwise abuse and flaws are subject to arise. â€Å"The modern surveillance state needs information, and left without proper oversight the analysis and agents in the field always seem to chose the path to more information and fewer administrative hurdles† (Ohm, 2010). ThereforeRead MoreRhetorical Analysis Of Dr. Gerald Graffs Hidden Intellectualism890 Words   |  4 Pageslearning from resources that they enjoy? This is exactly the argument Dr. Gerald Graff makes in his article Hidden Intellectualism, where Graff attempts to convince teachers to broaden the scope of school curriculum to accommodate street smarts and more popular topics. To persuade teachers that this method of teaching is effective, Graff uses personal anecdotes, diction, ethical strategies, and reasoning in his article. The majority of the essay consists of Graff speaking about his own experience

Hidden Flaws in Strategy - 4558 Words

Hidden flaws in strategy Charles Roxburgh The McKinsey Quarterly, 2003 Number 2 After nearly 40 years, the theory of business strategy is well developed and widely disseminated. Pioneering work by academics such as Michael E. Porter and Henry Mintzberg has established a rich literature on good strategy. Most senior executives have been trained in its principles, and large corporations have their own skilled strategy departments. Yet the business world remains littered with examples of bad strategies. Why? What makes chief executives back them when so much know-how is available? Flawed analysis, excessive ambition, greed, and other corporate vices are possible causes, but this article doesnt attempt to explore all of them. Rather, it looks†¦show more content†¦Participants are asked to offer not a precise figure but rather a range in which they feel 90 percent confidenceÂâ€"for example, the Nile is between 2,000 and 10,000 miles long. Time and again, participants walk into the same trap: rather than playing safe with a wide range, they give a narrow one and miss the right answer. (I scored 0 out of 15 on such a test, which was one of the triggers of my interest in this field!) Most of us are unwilling and, in fact, unable to reveal our ignorance by specifying a very wide range. Unlike John Maynard Keynes, most of us prefer being precisely wrong rather than vaguely right. We also tend to be overconfident of our own abilities.5 This is a particular problem for strategies based on assessments of core capabilities. Almost all financial institutions, for instance, believe their brands to be of above-average value. Related to overconfidence is the problem of overoptimism. Other than professional pessimists such as financial regulators, we all tend to be optimistic, and our forecasts tend toward the rosier end of the spectrum. The twin problems of overconfidence and overoptimism can have dangerous consequences when it comes to developing strategies, as most of them are based on estimates of what may happenÂâ€"too often on unrealistically precise and overoptimistic estimates of uncertainties. One leading investment bank sensibly tested its strategy against a pessimistic scenarioÂâ€"the market conditions of 1994, when a downturn lastedShow MoreRelatedThe Hidden Flaws Within Strategy847 Words   |  4 PagesEight Hidden Flaws in Strategy This article explores human omission by identifying the eight hidden flaws within strategy that we know from behavioral economics, which explains bad strategy. Our brain is normally overconfident about our abilities. We are usually overconfident about our personal abilities. This causes problems when our strategy is rooted through assessments of personal capabilities. For example, many financial institutions believe their brands are better than average. This mentalRead MoreA Book Drive By The Great Malcolm X1099 Words   |  5 Pages Strategy allowed myself to identify those flaws that may make me unsuccessful as mentioned by Pink in his book Drive. According to Pink, motivation involves internal and external factors that we harbor within our lives that drive our path for success and motivate us to do all we know and want to do. I allowed myself to enter this challenge and was very aware of the road that I chose to fulfill my destiny, for it is after all that no road bears dif ficulty. It’s those obstacles of which I haveRead MoreTaxing Multinational Corporations, U.s. And Foreign Governments862 Words   |  4 Pagesand find the hidden advantage in any tax law. For example it â€Å"attempts to limit the use of complex financial instruments to minimize tax bills† as well as having more focus on loans and how it can provide a deductible for more interest payments. Yes, it may seem that this tax rule may help with future endeavors of tax on multinational corporations, yet there will always be some flaws in every rule. Though this new tax rule may have many benefits, with benefits there are also many flaws in the systemRead MoreHamlets Fatal Flaw Essay688 Words   |  3 Pagesparticularly intriguing in regards to his fatal flaw. Hamlet’s fatal flaw is a specific trait that forces him to postpone killing the king and it is this trait that drives Hamlet mad (Shakespeare 1.4.23-38). This Shakespearean tragedy is open to many interpretations of Hamlet’s fatal flaw. Two recent film productions of the play, Kenneth Branaugh’s Hamlet and the Zeffirelli’s Hamlet, each show a different fatal flaw in Hamlet. Branaugh shows his fatal flaw to be that Hamlet over thinks everything. ZeffirelliRead MoreA Book Drive By The Great Malcolm X814 Words   |  4 Pages Choosing a strategy allowed myself to identify those flaws that may make me unsuccessful as mentioned by Pink in his book Drive. According to Pink, motivation involves internal and external factors that we shelter within our lives that drive our path for success and motivate us to do all we know and want to do. I allowed myself to enter this challenge and was precisely aware of the road that I selected to fulfill my destiny, for it is after all that no road bears difficulties. It’s those obstaclesRead MoreWindows 10 : A Technological Innovation922 Words   |  4 Pagesgreatest improvements in the history of Microsoft Software. Windows 10 is totally a lifesaving technological innovation. Microsoft has strived to perfect a program that people want and it seems to have worked very well. Windows 7 and 8 had quite a few flaws with their systems and people were unhappy about it. The older software does not allow you to fully personalize the computer to your style. The worst part of it is that much of the software does not function well due to the operating system. WindowsRead MoreBehavioral Economics Deck1345 Words   |  6 PagesSource: â€Å"Predictably Irrational: The hidden forces that shape our decisions†, Dan Ariely, 2010 â€Å"Market Perceptions†, Harvard Business School, 2001 2 OVERCHOICE PARALYSIS SOLUTION: CHOICE REMOVAL CREATE CHOICE FILTERS To prevent the risk of overwhelming customers with options and hence, delaying a purchase, the strategy is to leverage a type of filter and narrow the list of choices. REFRAME CONVERSATIONS TO REMOVE CHOICE For parity products, the strategy used seems to reframe the problem inRead MoreThe Crucible by Arthur Miller993 Words   |  4 Pageswas not an option. Even though their harsh actions severely affected many people, they chose to forever stick to their story of dark desires and a hidden strategy. Every character has a flaw. There is always one simple imperfection in any character, even a story’s tragic hero. John Proctor was The Crucible’s tragic hero who had but one flaw, a fatal flaw. The secret sin between Abigail and John was the cause of his fatality. Abigail says, â€Å"I look for John Proctor that took me from my sleep and putRead MoreSexual Harassment At The Civil Rights Act1746 Words   |  7 Pagesarbitrarily defined timetable, but whenever the circumstances demand† (Ohm, 2010). This is to say that tech-specified laws should be constructed around the evolving nature of technology so as to find some amount of consistency otherwise abuse and flaws are subject to arise. â€Å"The modern surveillance state needs information, and left without proper oversight the analysis and agents in the field always seem to chose the path to more information and fewer administrative hurdles† (Ohm, 2010). ThereforeRead MoreRhetorical Analysis Of Dr. Gerald Graffs Hidden Intellectualism890 Words   |  4 Pageslearning from resources that they enjoy? This is exactly the argument Dr. Gerald Graff makes in his article Hidden Intellectualism, where Graff attempts to convince teachers to broaden the scope of school curriculum to accommodate street smarts and more popular topics. To persuade teachers that this method of teaching is effective, Graff uses personal anecdotes, diction, ethical strategies, and reasoning in his article. The majority of the essay consists of Graff speaking about his own experience

Hidden Flaws in Strategy - 4558 Words

Hidden flaws in strategy Charles Roxburgh The McKinsey Quarterly, 2003 Number 2 After nearly 40 years, the theory of business strategy is well developed and widely disseminated. Pioneering work by academics such as Michael E. Porter and Henry Mintzberg has established a rich literature on good strategy. Most senior executives have been trained in its principles, and large corporations have their own skilled strategy departments. Yet the business world remains littered with examples of bad strategies. Why? What makes chief executives back them when so much know-how is available? Flawed analysis, excessive ambition, greed, and other corporate vices are possible causes, but this article doesnt attempt to explore all of them. Rather, it looks†¦show more content†¦Participants are asked to offer not a precise figure but rather a range in which they feel 90 percent confidenceÂâ€"for example, the Nile is between 2,000 and 10,000 miles long. Time and again, participants walk into the same trap: rather than playing safe with a wide range, they give a narrow one and miss the right answer. (I scored 0 out of 15 on such a test, which was one of the triggers of my interest in this field!) Most of us are unwilling and, in fact, unable to reveal our ignorance by specifying a very wide range. Unlike John Maynard Keynes, most of us prefer being precisely wrong rather than vaguely right. We also tend to be overconfident of our own abilities.5 This is a particular problem for strategies based on assessments of core capabilities. Almost all financial institutions, for instance, believe their brands to be of above-average value. Related to overconfidence is the problem of overoptimism. Other than professional pessimists such as financial regulators, we all tend to be optimistic, and our forecasts tend toward the rosier end of the spectrum. The twin problems of overconfidence and overoptimism can have dangerous consequences when it comes to developing strategies, as most of them are based on estimates of what may happenÂâ€"too often on unrealistically precise and overoptimistic estimates of uncertainties. One leading investment bank sensibly tested its strategy against a pessimistic scenarioÂâ€"the market conditions of 1994, when a downturn lastedShow MoreRelatedThe Hidden Flaws Within Strategy847 Words   |  4 PagesEight Hidden Flaws in Strategy This article explores human omission by identifying the eight hidden flaws within strategy that we know from behavioral economics, which explains bad strategy. Our brain is normally overconfident about our abilities. We are usually overconfident about our personal abilities. This causes problems when our strategy is rooted through assessments of personal capabilities. For example, many financial institutions believe their brands are better than average. 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