Relationship Between Government Policies And Investment Market Essay Example

Relationship Between Government Policies And Investment Market Essay Example Relationship Between Government Policies And Investment Market Essay Relationship Between Government Policies And Investment Market Essay Acknowledgements We would like to thank the all people who assisted us in the preparation of this report especially to our lecturer Puan Noor Aishah Mohamad Hamdan. 1. 0 INTRODUCTION According to Malaysian Investment Development Authority (MIDA), government policies that maintain a business environment with opportunities for growth and profits have made Malaysia an attractive manufacturing and export base in the region. The private sector in Malaysia has become partners with the public sector in achieving the nations development objectives. Over the decades, the Government of Malaysia has effectively used the fiscal policy through tax measures and allocation of operating and development expenditures to attained a broad range of macroeconomic objectives such as growth equity, macroeconomic stability, reform restructuring such as tax incentives to facilitate reform and structuring of economy, sectored and regional development such as tax incentives and expenditure directed experienced difficulties in balancing its budget. Therefore in this recent year, Malaysia has becoming run deficit budgets. The slow growth or decline of several sources of revenue has given pause for reflection on the approach to fiscal anagement. The key to fiscal flexibility is to ensure that the mandatory spending and the size the government is not too large, the fiscal deficit is not structural and public debt level not excessively high. 1. 1 Backgrounds Construction Economics Ill is aimed to provide an in-depth study of development economics including investment market and property development, preparation of feasibility studies, financing and risk and uncertainty of development works and the influence of government policies on such works. . 2 Purpose The purpose of this report is to study and understand the relationship between overnment policies and investment market, to investigate the effects of government policies to investment market and to forecast possible changes of investors decision in property market. It is hoped that with more discussion in this report, it will increase the level of und erstanding about property investment market. 1. 3 Scope The study for this report focused on the impact of the increase of the oil price in Malaysia on 2nd September 2013 towards property investment market. The policies related to government expenditure and their effects to investment market in general will be discussed. Besides, the importance of these policies in relation to investment market and their influences on investors decision especially in property investment will be included. 1. 4 Methodology The data from various sources will analyse. The budget 2014 will be main sources to analyse new policy. On 2nd September 2013, Prime Minister Datuk Seri NaJib Tun Razak announced the Governments decision to increase the price of RON95 and diesel by 20 sen to RM2. 0 and RM2 per litre, respectively, effective on 3rd September 2013, as one of its measures to rationalise subsidies. It expects to save RMI . 1 bil this year from September to December and RM3. bil per year in subsidy bills from the exercise, helping to tame the fiscal deficit. The Government has targeted to reduce budget deficit to 4% this year, 3. 5% in 2014 and 3% by 2015. This report will analyse the effect of government po licy including reducing in fuel subsidy towards investment market especially property. 3. 0 FINDINGS 3. 1 INTRODUCTION OF GOVERNMENT POLICIES 3. 1. Fiscal policy Fiscal policy is the governments steps to change the government spending and structure of taxation to influence the level of aggregate spending in the economy. Fiscal policies seeks to reach full employment level and to control inflation. There are three major ways in which fiscal policy affects aggregate demand: Business Tax Policy Business taxes can change the profitability of businesses and the amount of business investment. Lowering business taxes will increase aggregate demand and business investment spending. Government Spending Government can directly increase aggregate demand by increasing its spending. Tax Policy for Individuals Lowering taxes will increase disposable personal income and increase consumption spending. Fiscal policy should be used to increase aggregate demand when an economy is operating at below full-employment levels. If aggregate demand exceeds aggregate supply and output is at full-employment levels, fiscal policy should be used 2013 continues to focus on sustaining the growth momentum of the domestic economy in the near term and facilitating the long-terms transformation of the economy, while ensuring the sustainability of public finances. The Federal Government fiscal deficit is expected to reduce from 4% of GDP in 2013 to 3% in 201 5 and balanced budget on 2020. To ensure the efficient use of fiscal resources, the 2013 Budget continues to focus on enhancing the productive capacity of the domestic economy. Besides, subsidies have been restructured and only low income earner will get it. Therefore, the low income group who is most affected due to rising oil prices, government will give financial assistance through BRI M. 3. 1. Monetary Policy Monetary policy is government policy carried out by the Central Bank to control money supply and interest rates to affect the level of aggregate expenditure to reach level of full employment and controlling inflation. During the inflation problem, government will transact contractionary policy. It is a macroeconomic tool use by the central bank to slow down an economy. Contractionary policies are enacted by a government to reduce the money supply and maximise the spending in a cou ntry. This is done primarily through: 1. Increasing interest rates 2. Increasing reserve requirements 3. Reducing the money supply, directly or indirectly This tool is used during high-growth periods of the business cycle, but does not have an immediate effect. During deflation problem, the government will implement expansionary policies that is increase the government spending and reduce tax rate to increase aggregate spending to combat unemployment. According to Bank Negara Malaysia, monetary policy in 2013 focus on addressing potential risks to inflation and growth. During the 2013, private investment is likely to remain firm, led by continued capital spending in the domestic-oriented sectors, the ongoing implementation of infrastructure projects, and a gradual improvement in external demand. 3. 1. 3 Other regulatory policies 3. 1. 3. 1 sales Tax In general, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services, applied to sales of locally manufactured taxable goods as well as to taxable goods imported for domestic consumption. It is imposed by the government at the point of sale on retail goods and services. Collected by the retailer and passed on to the state. It is based on a percentage of the selling prices of the goods and services and set by the state. All taxable goods manufactured in, or imported into, Malaysia are subject to sales tax, unless they are specifically exempted Labuan, Langkawi, Tioman, the (Inter-Country) Joint Development Area, free zones, licensed warehouses or licensed manufacturing warehouses. The rates of sales tax are 5% and 10%. The 10% rate applies to most taxable goods. The reduced rate of 5% pplies to certain nonessential goods which include, among others, foodstuffs and building materials. Specific rates are imposed on certain petroleum products. 3. 1. 3. 2 Service Tax. Service tax is a single-stage tax applied to specified taxable services. Services that are not included in the prescribed list are not taxable. Nine major groupings of taxable services are currently included in the prescribed list. Taxable services include, but are not limited to, telecommunication services, employment services, consultancy services, management services, legal services, accounting services, advertising ervices, engineering services, surveying services, architectural services, insurance services and car hire services. Service tax does not apply in Labuan, Langkawi, Tioman, the (Inter-Country) Joint Development Area and free zones. Service tax is imposed at a rate of 6% on the price, charge or premium for the taxable service. Accounting, engineering, legal, architectural, surveying, management and consultancy services provided by one company to another company within the same commercial group are not subject to service tax if certain conditions are satisfied. 3. 1. 3. 3 Goods and service Tax (6ST) Malaysia plans to carry out a major indirect tax reform. It is proposed that a new Goods and Services Tax (6ST) system replace the current sales tax and service tax system. It appears that the new Malaysian GST will operate similarly to other value- added tax (VAT) and GST systems around the world. It is proposed that the standard GST rate will be 6% and that a zero rate will apply to exports and some goods, such as basic foodstuffs. GST exempt status is expected to apply to most financial services, including Islamic financial products, life insurance and investment linked insurance, he lease, rental or sale of residential real estate, mass domestic public education services and health services. As a result, no output tax will apply and correspondingly, no entitlement to input tax will exist. The Malaysia government announced the date of implementation of the GST is on 1 April 2015. . 1. 3. 4 Real property Gams Tax (RPGT) Real Property Gains Tax (RPGT) is a tax levied by the Inland Revenue Board (IRB) on chargeable gains derived from the disposal of real property. RPGT is introduced to provide imposition, assessment and collection of tax on gain deriving from the disposal of real property. The tax is levied on the gains made from the difference between the disposal price and ac quisition price. This tax is provided in the Real Property Gains Tax Act 1976 replaced the Land Speculation Tax Act 1974. Real property being disposed is knows as chargeable asset. Chargeable asset may vary into two, the real property and Real Property Company. Real property is defined as any land in Malaysia and any option, interest or other right over that piece of land. Example land, houses such as bungalow, apartment, condominiums, etc. A real property company (RPC) is a controlled company which owns real property or shares r both whereby the defined value of real property or shares or both owned is at least 75% of the value of the companies total tangible assets. RPGT Rates Companies Individual (Citezen / PR) Individual (Non Citizen) For disposals within 3 years For disposals in the 4rd years For disposal after 5th yeard For disposals after 6th year 5% Table 1 : Rate of RGPT During the tabling of the Budget 2014, the real property gain tax (RPGT) is 30% for any property held and disposed within 3 years. For properties held and disposed in the 4 years and 5 years, the property tax is 20% and 15% each, while properties held nd disposed after 6 years are not subject to any real property gain tax. The Star 2013) For non-citizens, NaJib said RPGT would imposed at 30% on the gains from properties disposed within the holding period of up to five years, and disposals in the sixth and subsequent years, RPGT is imposed at 5%. 3. 1. 3. 5 Affordable Housing KUALA LUMPUR: The Government allocated RMI . 9bil this year to build 123,000 affordable homes in strategic locations throughout the country by 1 Malaysia Peoples Housing (PRI MA), Syarikat Perumahan Negara Berhad (SPNB) and the National Housing Department. The Finance Ministry, in its Economic Report 2013/2014 released Friday, said RM500mil was allocated to PRI MA to build 50,000 homes in prime locations across the country and another RM300mil to build 30,000 homes in collaboration with private developers. A total of 320,000 people will own their own homes under the affordable housing programme, when the homes costing between RMIOO,OOO and RM400,OOO per unit are expected to be completed in 2016. PRI MA homes, which are generally 20% cheaper than the current market price, are sold through an open balloting system and are expected to be ready in three years. For ow-income earners, the government has allocated RM320mil to SPNB to build 22,855 housing projects, to be completed in 2015. Meanwhile, the Government also allocated RM543mil to the National Housing Department to construct 20,454 unit of Peoples Housing Programme (PPR) units using the Industrialised Building System sources : The star 25/10/2013 During the tabling of the Budget 2014, Prime Minister announce that RM 1. 9 billion will be fund to build 123,000 affordable homes throughout PRI MA, SPNB and Naional Housing Department. Allocation are as follow: PRI MA RM 500 million to build 50,000 homes in prime locations RM 300 million to build 30, 000 homes via private developers SPNB RM320 million to build 1,855 medium-cost apartment units and 10, 000 units of public housing projects for low-income earners. National Housing Department RM 543 million to construct 20,454 unit of Peoples Housing Programme (PPR) units using the Industrialised Building System. 3. 1. 3. 6 Skim Rumah Pertamaku (SRP) My First Home Scheme was first announced in the 2011 Budget by the Malaysian Government to assist young adults who have Just Joined the workforce to own their first home. The Scheme allows young adults to obtain 100% financing from financial nstitutions, enabling them to own their 1st home without the need to pay a 10% downpayment. In 2013 Budget, it was announced that the gross income limit was increased from RM3,OOO to RM5,OOO per month and certain qualifying criteria were abolished with effect from 1st January 2013. 3. 1. 3. 7 Foreign Direct Investment (FDI) FDI can be define as a company from one country making a physical investment in building a factory in another country .. It is the establishment of an enterprise by a foreigner. Malaysia has been an encouraging economy to foreign investors. This is because as a developing country, it is help in boosting the economy. Example of policy to encourage FDI, government take no tax up to 10 years who invest in Joint Development Area such as Iskandar Regional Development Authority. 3. 2 EXPLANATION ON CURRENT ECONOMY SCENARIO THAT LEAD TO THE REASONS 3. 2. 1 Budget Deficit Figure 1. 1 : Malaysia Government Budget Figure 1. 1 shows the percentage of budget deficit from year 2004 to 2013. It can be seen that the Government Budget deficit in 2012 is 4. 8 percent of the Gross Domestic Product (GDP). Central Bank of Malaysia forecasted that budget deficit in 2013 will be 4. %. Thus, the average of budget deficit from 2004 to 2013 is 4. 6%. Figure 1. 2 : Federal Government Finance Figure 1. 2 tabulate the Federal Government Finance from 2009 to 2013. It can be seen that revenue for 2013 is RM 208,650 million and total expenditure is RM 248,643 million. So, the deficit is RM 39,993 million or 4% of GDP. Government Budget is an accounti ng of income receive by government and the expenditure made by government. A budget deficit occurs when the government spend more money than income. It is recommended that government should reduce deficit maximum to 3%. High percentage of deficit in many years will cause interest rate increase as well as total debt and as a result economies will slowdown. So that, to decrease budget deficit the government should increase income or decrease expenditure or both. However, in this situation, the government choose to decrease expenditure for example by cutting fuel subsidies as much as 20 cents per litre. As Prime Minister Datuk Seri NaJib Razak said: Its a process of fiscal consolidation. The market will feel more confident if we can bring down our fiscal deficit. (BBC 2013) The government has allocated RM24. billion this year for fuel subsidies and the Prime Minister has said the country would save RMI . 1 billion with the cutting fuel subsidy. Before that, the government has requested for an extra RM 14. 1 billion to cover unplanned overspending for year 2013. ( L. Kong 2013) It can be concluded that the most factor of increase in fuel price is government policy to reduce deficit. Figure 2 : Malaysia Government Debt To GDP Figure 2 shows the percentage of Malaysia Government Debt to GDP from year 2004 to 2013. Malaysia recorded a Government Debt to GDP of 53. 10 percent of the countrys GDP in 2013. It can be seen that the percentage is rose more than 50% since 2010 and remain until 2013. Basically, Government debt is the money owed by the central government to its creditors. Similar with citizen expense, increase in government debt will cause more budget deficit and lead to slowdown of economy if continued. Generally, investors use Government debt as a percent of GDP to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. If this situation continued, it gives negative view towards Malaysia economy and foreign investor will not invest here. According to an economy analysts credited by the London Times for predicting the global financial crisis, Colombo, said that After Sri Lanka, Malaysia now has the 2nd ighest public debt-to-GDP ratio among 13 emerging Asian countries, he also noted that Malaysias high government and household debt is contributing to the credit bubble. So that, to overcome this matter Government reduce fuel subsidy to attract back foreign investor to invest in our country. ( Sinar Harlan 2013 ) It can be concluded that the Malaysia Government Debt to GDP continue alarming is influence government policy to reduce fuel subsidy. . 2. 3 Defending Ringgit Figure 3: The value of ringgit from 30 Nov, 2012 to 25 Oct, 2013. Figure 3 show the trend of USDMYR spot exchange rate from 30 November 2012 to 25 October 2013. On 25 October 2013, the USD exchange rate for the MYR stands at 3. 14. According to Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz, as a result in unstable international financial market , the Ringgit has fallen about 4 percent this year. She also reported to the Bloomberg that Bank Negara will only intervene to maintain important market conditions and not to defend the currency at any particular level. It seem that, this statement seen to convince the foreign investor and strengthened the export market. ( Business Time 2013 ) As a result, after a week cutting fuel subsidy, the Ringgit advanced 0. 29 percent to 3. 2645. This is strongest value after hitting 3. 2590 on 13 August. Besides, Ringgit reported may gain over time if the nations fundamentals remain strong and predicted faster economic expansion attempt by the government to increase investor confidence and persuade them to leave their money in the country. In conclusion, cutting fuel subsidy is contributed toward Ringgit stability. 3. 2. 4 Inflation rate is under control Figure 4: Malaysia Inflation Rate from November 2011 September 2013 Figure 4 show the Malaysia Inflation Rate from November 2011 September 2013. The inflation rate in early 2013 is around 1 percent to 2 percent. Effect of price increase in food and non-alcoholic beverages, rate of inflation slightly increased to 2 percent and slightly decelerated to 1. 9 percent in August, as food price slowed. After the government cut fuel subsidy on the September 2013, the inflation rate accelerated to 2. 6 percent, its highest rate since January 2012. According to Joana Taborda an economy analyst, the main contributor of inflation rate in September are increase in price of transport ( up by 4. 6 percent, from 0. 6 percent in August), food price (up by 3. 9 percent, from 3. 6 percent in August), and cost of alcohol and tobacco (rose 4. 5 percent). She reported, cost of housing, water, electricity and other fuels remained unchanged at 1. 8 percent. It can be seen cut in fuel subsidy had affected price of transport and food, while alcohol and tobacco affected by increase in that rate of that categories. Besides that, Prime Minister Datuk Seri NaJib Razak announce in Budget 2013 tabling, inflation rate in October is around 2 percent to 3 percent. In conclusion, government cut down fuel subsidy in right time. Although price of fuel increase, the inflation rate is under control and not slowing down economy. 3. 3 EXPLANATION ON RELATIONSHIP OF GOVERNMENT POLICIES AND INVESTMENT MARKET

CONCERT REPORT Essay Example | Topics and Well Written Essays - 750 words

CONCERT REPORT - Essay Example However, the music during this period was a combination of sacred and secular forms. Most of the songs sung during this time were mostly monotonic which were used for hymns and praise songs but later developed to polyphonic forms after the inclusions of instruments and the advent of musical notation system and musical theories. There was an immense alteration on the repertory during this period because of the incrementing efforts of incorporating manifold compositions of melodies and different tones. Eventually, despite the alleged defiance of the early fathers on the inclusion of musical instruments on church chants, there was an acceptance on the use of a musical instrument in church setting, initially, to support choristers in singing. The first instrument accepted to be used in church services was the organ. Secular music proliferated through the help of the French people and because of the aid of the music genius Guillaume de Machaut. Subsequently, songwriting also became famous . 2 Some other forms of arts were also observed to have close relation to music and were found to be in conformity to the development of musical art. Several primitive artworks were recovered in some parts of the world especially in Egypt where olden drawings on caves showing musical instruments, hieroglyphs and some passages coming from the Bible were discovered. These forms of arts are proofs or cues that predicate the existence of musical art prior to the Middle Ages, in fact, some claims that this could be traced back to the time of Pythagoras who, through Mathematics, helped in the establishment of music: â€Å"the first study of music as an art form dates from around 500 B.C., when Pythagoras experimented with acoustics and the mathematical relationships of tones.† 2 Many great composers came out during the middle ages. Some of the most famous and talented composers have lived during this time. Guillaume Dufay was a medieval composer whose musical artworks were made fro m the latter part of the medieval period up to the early Renaissance Period. His music was mostly serene and with perspicuous uniqueness. He also started to invent the four voice texture which is a very popular, important theme for polyphonic music today. Philippe De Vitry (1291-1361), was considered to be one of the most important composers during this era. He was the proponent of the famous musical theory Ars Nova  ­and was one of the premier figures who developed motet. Further, he also discovered isorhythm: â€Å"a single rhythmic figure continually repeated by a voice.†1 Guillaume de Machaut who lived between 1300 and 1377 was the composer who made the famous Mass of Notre Dame. He was direly romantic and most of his compositions and poems were seen to have romantic impressions. In addition, he was also recurrently involved in royalty and political gatherings. References: 1. â€Å"The Medieval Era†. Library.thinkquest.org. library.thinkquest, n.d. Web. 7 Decembe r 2011 2. â€Å"Music History 102: The Middle Ages†. Ipl.org. ipl2, n.d. Web 7 December 2011 3. â€Å"Medieval Music†

Discuss what enables staff to progress in their careers and how Essay - 1

Discuss what enables staff to progress in their careers and how managers can help them in their development in a health and social care setting - Essay Example Professional development will mainly involve enrollment in professional development programs in a given profession. The professional development programs, apart from improving the quality of services offered by an organization, â€Å"Boost individuals’ career, through travel, research, workshops and seminars, and through partnering with experienced professionals† (Morgan, 2007). In addition, professional development programs enable individuals to improve expertise in their fields and add value to the institutions through contributions in the developments. These programs are designed with the intention of helping people improve their level of competency and professionalism and are not only applicable to people in business or management, but also to other professionals such as medical practitioners, teachers, engineers, and nurses among others (Morgan, 2007). The health and social care practitioners are found in various settings and fields, requiring continued professional development to enhance delivery of quality healthcare and services. According to a joint statement on CPD for health and social care practitioners, â€Å"continuing professional development (CPD) is fundamental to the development of all health and social care practitioners, and is the mechanism through which high quality patient and client care is identified, maintained and developed† (RCN, 2011). Professional development in health and social care settings is pivotal in enhancing continued improvement in the quality of the services offered and high standards of care maintained. According to a Review of Continuing Professional Development in General Practice 1998, the effort to improve quality and excellence in clinical care provision can be achieved through CPD by focusing on three distinct inter-related areas: â€Å"clinical governance enhanced, professional s elf-regulation

Why I Prefer to Marry Late Essay Example for Free

Why I Prefer to Marry Late Essay For me, marriage is a promise. A promise that we give, without wanting to receive the equivalent reward. Hence, we must have enough ability to maintain this relationship. The salient characteristic of many traditional marriage systems is that women, seem to have little independence, because of education and income. In South Asia, brides are even taken to groom`s family as soon they move into property. In this case, marrying late can provide us opportunities to fulfill and pursue our achievement in education, and therefore have a better social status and income to be financially independent. In addition to be financially independent, this also give us a chance to satisfy ourselves, in accomplishing our goals in lives. And psychologists say that the want for independent success is the main reason why people are marrying at a later time. Besides, marrying late also provides an opportunity to get to know your future companion better. We may often see in the news that many young people get married on impulse, which is, they don’t really get to know each other more. As George Bernard Shaw said, â€Å"Beauty is all very well at first sight; but who ever looks at it when it has been in the house three days?† When two people first met, and they had a crush on each other. In order to show the best of themselves, they tend to hide their drawbacks . However, this lead to a serious problem that they didn’t get to â€Å"know† more about the mate. And as time went by, the drawbacks emerge and they have contradiction in their personality. That`s when young couple decide to get divorced. Nevertheless, marriage is a promise for me, so I`d rather take time to choose the one I love and appreciate his virtue as well as imperfection, rather than presume the one we first met an object to marriage. Because It`s not a game that could be quit when we later on feel tired or bored ,especially when there are children of us. After all, the main function of marriage in most traditional societies is to bring up children. Moreover, because marriage is a promise for me. So I`d choose to marry late so that I could enjoy a free time doing whatever I want, going wherever I like, dating whomever I appreciate without having to care about my husband`s feelings. That`s the time I could broaden my horizons and meet many people  from the opposite sex without a burden. According to the China Daily: â€Å"There`s nothing wrong with a man or woman who is not married by 30. IT`s not about being disrespectful to parents or to social traditions. It`s certainly not a sure sign of pending poor health or psychological problems. â€Å" And according to an article in Helium written by Dawn Hawkins, â€Å"getting married when you are younger doesn`t allow you to grow as a single person quite enough sometimes, there are many things that you learn about yourself such as who you want to be and where you want to go in life as you get older. The older you are , the more chance you have of knowing exactly who you are.† Marriage implies an enormous responsibility, that why marrying late offers the best advantage. And marrying late provide us time to have emotional maturity, that is very crucial in dealing the rigour of married life later. So if you are beyond 36 and still complaining bitterly why a potential mate is yet to notice you, please think it twice. There are many advantages a single life can provide rather than taking a plunge for a wrong reason. Moreover, getting married late means that we could have more tools and resources and not to mention a stable emotion state to back on if the situation would not set well.

Oscar Wildes An Ideal Husband Essay -- Oscar Wilde Papers

Oscar Wilde's An Ideal Husband Oscar Wilde (1845-1903) lived an outrageous and controversial life which was well publicized and condemned, as his life defied the strict social mores of the time. He was put into this public position due to the success of his plays which challenged Victorian earnestness while being hilariously funny. His plays, in particular An Ideal Husband, 1895 portray Victorian society as viciously hypocritical at it's worst and laughably pretentious at it's best. Wilde expressed this point of view in An Ideal Husband through the rich use of plot development, construction of characters, dramatic irony, hyperbole, witty and epigrammatic repartee and satire. The central plot of An Ideal Husband begins with the antagonist, Mrs Chevely, tries to blackmail Sir Robert Chiltern (one of the protagonists) with a secret from his past. She has with her an incriminating letter which proves Robert's involvement in insider trading in the Suez Canal Scheme, in order to benefit from an investment. The Suez Canal Scheme was a very important scheme in the recent history of the time. Wilde's plot of a a man going unpunished for such a serious crime challenged the earnestness of the Victorian people. This challenge and insult to earnestness is strongly emphasised by the characterisation of robert chiltern. Wilde adds insult to injury by constructing robert as being a very lucky man in life. He is an attractive man who lives in Grosvenor sqaure, (an upper class area) with his adoring wife. After finding out the origin of this wealth, the audience is annoyed as they know (due to the plays realistic style) that he aquired it all t... ... and so far have only talked about trivial things and "people don't talk politics." (hypocritical) An ideal person is an earnest person, and ideals are another theme of the play. Mrs. Marchmont and Lady Basildon are two married ladies who, while talking about their "hopelessly faultless" husbands expose earnestness (an "admirable" quality) as 'unendurable' and "tragic".These ladies, through dramatic irony, expose the earnestness of searching for an ideal husband as laughably pretentious and hypocritical. This is because many women at the time were searching for an earnest husband to spend their lives with when there is, as Mrs. Marchmont puts it "not the smallest element of excitement in knowing him." Yet they keep searching for an earnest and ideal husband. It is in these ways Wilde challenges Victorian earnestness.

Theoretically Applied Practices Of Public Relations Commerce Essay

McElreath statesthat all public dealingss ( PR ) plan consists of a broad assortment of function and maps ( 1997, p.161 ) . Theoretically, PR is a relatively new subject which converges modern direction, communalisation, administrative technology, sociology, societal psychological science and other scientific disciplines. In other words, PR can be widely implemented by the authoritiess, concern endeavors, public establishments and societal organisations in the development advancement of modern market state of affairs ( Harlow, 1976, p.36 ) . It has been shown that PR is a comprehensive and effectual tool which facilitates the advancement of an administration ‘s construction. Rehearsing through the platform of PR theory will enable PR practicians have a better and clearer understanding on PR. Therefore, it is advisable and necessary to set the PR theory into pattern. Harmonizing to Kirby ‘s ( 2009, p.33 ) reappraisal, the modern-day public dealingss theories can be categorized into three groups, dwelling of communicating, receiving system response and pattern theories. This essay explores three theories of different groups and identifies three appropriate illustrations of chosen theories in modern-day public dealingss pattern. First, it states the definition and state of affairs of each theory. Second, it chooses a relevant illustration and demonstrates how the chosen PR theory is applied to pattern. In add-on, it discusses the links between the cardinal elements of each theory and its practical illustration. At last, it considers on ethical issues like challenges or benefits and discusses which type of moralss is suited for each illustration. Its intent is to do connexions between three theories and their application in the existent universe. The hierarchy of effects is a typical type of the theories of communicating, concerned with the procedure of communicating. Unlike other type of communicating theories, such as Shannon and Weaver ‘s theoretical account of communicating, situational theory, the populace sphere and systems theory, it is besides a dominant theoretical account for advertisement or recommending with clear presentation. Actually, it is a one-way communicating, highlights the message/ aims ( without complete truth ) through media and values the consequences of the communicating from the receiving systems ( the populace ) ( Kirby, 2009, p.33 ) . Its intent is to propaganda as it is â€Å" manufacturer oriented † ( Kirby, 2009, p.34 ) . In order to recommend the new safe ‘s excellence, a safe house advertised a three-sentence station. In the first sentence, it wrote that looking for the proprietor of a million US dollar. The following two sentences shared the information that there was $ 1,000,000 inside the safe at the exhibition hall ; anyone could take the money off in any agencies without dismaying. The advertizement roared over the metropolis. All kinds of possible proprietors came but left with empty custodies. The major local newspapers reported on this issue freely but significantly. In the terminal, this house ‘s safe won increasing assessment. This illustration reflects on the practical usage of be aftering intelligence event in the PR activity. Its procedure can be structured into two sides: the house and the populace. The house formulates the advertizement by the house and disseminated the advertizement. Thereafter, the mass public receives the message on the advertizement, comprehends the me ssage on the advertizement, comes to seek but in vain and alterations their attitudes and reenforcing the safety of the safe. These six stairss reflect on a hierarchy of effects which leads to larn new behaviors and so it consequences the behaviour alteration ( McElreath 1997, p. 159 ) . There are different agencies through which the transmitter sends the information to the receiving system. Seitel suggests the complex impacts come from by personal prejudices which can be nurtured by a myriad of factors, including stereotypes, symbols, semantics, equal influence and media ( 2007, p. 53 ) . â€Å" New † is the cardinal point for the doing the intelligence, particularly in advancing a new merchandise ( Seitel, 2007, p.54 ) . There is no intelligence value if following others because the populace will lose freshness and involvement. Therefore, several capablenesss of the PR professionals can be learnt from this instance analysis. For this, they unlock the positive head, full drama creativeness and imaginativeness, and take arresting action to win. Quite frequently, it is suggested to measure the aim on the pyramid type. The lower degree purposes that the receiving systems are informed and acquire a general acknowledgment on it. Subsequently, it targets at a highe r degree of responses more clearly. As this instance is a manufacturer oriented autumn into the ethic catalogue of teleology. In PR pattern, teleology is a philosophy explicating phenomena by their terminals or intents. The safe house wins first-class advertisement consequence with no cost. In this procedure, the PR pattern arrives at its end. Therefore, it is a successful pattern, related to the hierarchy of effects theory, which additions the maximal effects by doing intelligence. Maslow ‘s hierarchy of demands theory is a one-way communicating, imputing to the theories of receiving system response. Its group members like behavioral public dealingss theoretical account, societal exchange theory, societal larning theory, agenda puting theory and amplification likeliness theoretical account besides concern the receiving system response. The Maslow theoretical account concerns the receiving systems ‘ response of the communicated message. This theory theoretical account was defined by US psychologist Abraham Maslow ( 1954, p.91 ) when he observed that everyone had a motive of demands. These need have been put in five phases from the lower bed to the upper, including biological and physiological demands, safety demands, belongingness and love demands, esteem demands and self-actualisation. Actually, the hierarchy of demands in PR can be interpreted with personal or organisational motive and the thereby satisfaction. It chiefly involves with issues of op portunism. This is an illustration stating the beginning and being of on-line selling of Daigaku Honyaku Centre ( DHC ) . DHC Corporation specializes in fabricating cosmetics. It bears a good apprehension of the blooming online concern market and cogwheels to utilize this new media to advance its trade name and merchandises. The procedure of DHC ‘s s online selling includes four methods: online virus selling via ad web ; experimental selling via try-out experience ; word of oral cavity selling via persuasion from friends, consumers, booklet, mass media ; rank via telephone or online booking free try-out, booking orders. Further, DHC grasps the advantageous of web to cut down marketing cost and increase selling business velocity in the same clip. Through website advertisement brotherhood, DHC invariably strengthens the constructs of its direct trade name selling and addictive-free merchandises to the possible consumers. In the decorative industry, consumers vary their demands in different degree of Maslow five phases. That is to state, different merchandises cater for different degrees of human demands. Maslow ( 1954, p.92 ) explained that â€Å" self-actualization † was ongoing and carry throughing procedure of the peculiar and individul desire that pushed people to go what they desire. Relatively, cosmetics have the characters of little size but of high monetary value, convience of buying and low perceptual experience of hazard. So they are rather equal to sale on the online promenade and particular shopping web sites. It is widely agreed that the web is the modern-day manner platform for seeking information and amusement. This instance shows that organisations move to the right topographic points where gathers the bulk of consumers. DHC invetigated the consumers ‘ demands and so planed the on-line selling plan. It arranges distribution of decorative try-outs to pull the web visiters and possible consumers. Furthermore, it assures the credibleness and map of its cosmetics. Therefore, it fulfills its purpose to excite the ingestion desire. In the one-way communicating ptocess, receiving system responses are cognitive responses ( thought procedures ) , affectional responses ( feelings and emotions ) and behavioral responses ( actions ) ( Kirby, 2009, p.33 ) .. In the pattern Doctor of Optometry online selling, DHC suffers many challenges. The primary 1 is how to acquire on-line visitants and how to motive the possible consumers to purchase its merchandises. As the online shoppers are untouchable without the connexion of web and computing machines. They prefer clcking the web site to order and pay, instead than shoppping on the noisy streets and crowdy shopping centres. Therefore, the cardinal issues for DHC ‘s online selling is to happen the consumers and derive assurance from them. The DHC instance enlightens that there is non merely the immense powers from the web, but besides a warning that any sorts of advertizements or selling plans should be planned on the premiss of people. Practicaly, there is the being of demand to hold production which is to hold ingestion and the market ; or, it is a must to make demands when there is no demand nowadays. Therefore, the key to the existent selling success lies in homo will and demands. The four theoretical accounts of Grunig and Hunt ( 1984 ) , besides named as the theories of pattern, are used rather frequently in PR pattern. There are press agentry, public information theoretical account, bipartisan asymmetric public dealingss, bipartisan symmetric public relation ; particularlay, the bipartisan symmetric theoretical account is widely applied as the ideal theoretical account of PR. The bipartisan symmetric theoretical account purposes a common apprehension, merely positions of both the populaces and the administration ( Grunig & A ; Hunt, 1984, p.22 ) . This attack advocates relationship edifice through duologue, listening and gained common apprehension. Jonson & A ; Jonson ( JNJ ) ‘s endurance from the Tara Noel / Tylenol capsule engagement is a instance of crisis PR. Recalled as 1982 Chicago Tylenol slayings, several individuals were ill or died for taking the Tara Noel capsule. Subsequently, the scrutiny of Tylenol capsule showed that it contained cyanide toxics. By the rapid and broad spread of the intelligence, the consumers were striken with terror and the company ‘s image rocked bottom. As a consequence, JNJ suffered a black economic diminution. After a serious of precedures, JNJ endured and survived. The survival procedure of this can be recoginesed as following. Strategically, it applied four facets of crisis public dealingss: foremost, taking enterprises and seting the public foremost ; secondly, reacting and moving with Ssincerity and honestness ; thirdly, taking ain duty foremost ; fourthly, look intoing the truth. In the outside environment, JNJ drew supportaton from the media. It halted all the commercial ad vertizements on the newspapers, maganizes and telecastings. Besides, it issued a national-wide danger warning to infirmaries, physicians and retail merchants. On the behalf of consumers ‘ benefits, JNJ provided information and unfold the truth through the mass media. Tonss of staff were placed to supervise intelligence coverage and the phone so that they could be familiar with the demands of the consumers. Furthermore, JNJ cooperated with the media. All the developing procedure of crisis were exposed to the media. Therefore, it got back a good feeling to some extent and make a cherished preferable public sentiment environment. In the position of rerurning to the market, when the invetigation consequences proved its innocece, JNJ strived many endevours. It put attempts to keep the trade name, promotiong the new medical specialty wadding. Last, it designated several interpreters and held a originative imperativeness conference. There the JNJ direction bed members answered the qustioons from more than five 100 journalists. Meantime, the picture of the new-paking Tara Noel was display at the conference. Subsequently, the affiliates of JNJ called up 1000s of saleapersons to play this Tylenol picture. In this prcocess, most medical tretment groups and community members were informed and got back to buy medical specialties from JNJ. Thus, after one twelvemonth, JNJ regained the consumer ‘s crebibility and took large part in the market. Despite a figure of critics doubting the cogency of all four theoretical accounts and the practicality of the symmetrical theoretical account in peculiar, Pearce ( 2009, para.7 ) intorduced Grunig ‘s theory that about public dealingss, PR practicians and corporates ‘ CEOs do see and use these four theoretical accounts because they entirely describe the effectual communicating among different types of stakeholders or populaces. He salso claimed that symmetricalness communicating in PR pattern is the procedure of â€Å" equilibrating the involvements † of the company and the related consumers ( as cited in Pearce, 2009, para.16 ) . In this instance The JNJ ‘s president -James Burke â€Å" looked in complete control † and took effectual measurings ( as cited in Rehak, 2002, para.5 ) . JNJ carried out crisis managemnt publically collected back all the shelf tablets and held the straightforward spirit of equity. JNJ apologised to the pulic ithout hesitaton. Furthermore, all of theses schemes were perfomed through the assistance of media. In return, consumers got assorted accessible agencies to portion their sentiments and complainments, got compensation regained concsumer ‘s credits. From the above analysis, JNJ examplizes a bipartisan symmetric communicating of public dealingss with the assistance of mass media. Detailedly, every bit shortly as the bad intelligence was informed, the company take three effectual measurings within an hr. They appointed a group of members to retreat and look into the medine, sent crisis directors and public dealingss expertness to the topographic point for the benefits of public, and reported all the relevant ongong information and truth to the populace and media. So it can be defined the company ‘s Kantian doctrine moralss as deontology, a standardalized duty to take the â€Å" right † thing and avoid donging the â€Å" incorrect † things ( Broad, 1930, p.277 ) . JNJ bears the duty, compensates the patients at the forfeit of the house itself. In a word, JNJ pays great attending to corporate ‘s credibleness, patterns with humanitarianism and idolize the populaces and consumers ‘ involvements in the first topographic point. Harmonizing to the applications of the three PR theories, it ‘s non difficult to happen that issues direction, strategic placement, public and media communicating, and repute direction are the cardinal elements of PR theories related to the concern operation schemes ( Wilcox et al. , 2002, p.5 ) . Notably, planetary political relations and economic sciences are progressing rapidlyi?†ºthey do non merely convey waiter challenges to the development of PR, but besides provide a broad development filed. On the other manus, human existences are confronting some planetary jobs, such as the environmental protection, population enlargement, war and peace, international terrorists, smuggling, human rights and liberty, regional economic cooperation and development, resource research and development and so on. The significance of their being and ways to work out are no longer limited to a certain category, state, or state. As this is the really range that the application and pattern o f PR are involved to. Practitioners and professionals will face with the undermentioned common undertaking and challenge: through planetary and trans-cultural to organize communicating, organize a planetary common sense, promote the international coordination and cooperation, and forge to analyze and work out these planetary inquiries. From this point, it is predictable that there will be an increasing attending and application of the multi-functional PR, including consultative, prediction, thesis authorship and crisis direction. At least, this is the microscopic tendency for the development of PR. To reason, this essay has put three modern-day communicating theories into pattern, including Public Relations Hierarchy of Effects Model, Maslow ‘s Hierarchy of Needs, and the Two-way Symmetric Model. It is a critical analysis and manifest of these theories and their possible deductions – separately and in combination – for public dealingss pattern. The chief parts of each theory Begin with a description of a theory as a foundation for what it means and where it focuses. The following subdivision illustrates a elaborate illustration and demonstrates how the old theory is applied in the existent universe context. The concluding parts of these theories bring considerations on the ethical issues. In application of theories, this authorship has provided a comprehensive and sophisticated analysis of the links between all elements of your chosen theories and your practical illustrations, and supply strong justification for your determinations. Understanding of ethical issues, an person and comprehensive treatment of ethical considerations in the three practical illustrations have been fulfilled. However, there are much more sophisticated applications of one or more of PR theories to the administration ‘s direction and behavior in different state of affairss to be discussed in the hereafter survey.

Book Review The Disciple Making Church by Glenn Mcdonald

Book Review: The Disciple Making Church by Glenn McDonald In The Disciple Making Church: From Dry Bones to Spiritual Vitality, author Glenn McDonald addresses what he sees as the critical element missing from the modern Christian Church: discipleship. McDonald, who owns a Master of Divinity Degree from Trinity Evangelical Divinity School, is the senior pastor at Zionsville Presbyterian Church, which was once a traditional large suburban church, in that it focused more on the needs of the church than the needs of the parishioners. In this book, McDonald discusses how he helped transform his church from a traditional church to a church that emphasizes discipleship. McDonald beings by explaining how he was challenged to help transform his church. He describes a late-night monthly board meeting, at which he asked the board members a generic question about whether they had any other issues to discuss before the close of the meeting. Expecting a bunch of generic dismissals so that they could all go home, McDonald was surprised when one of the board members posed this question: How long do you think it would take someone visiting our church to hear about their need for Jesus Christ, and then know how to act upon it? (McDonald, 2007). McDonald realized that this was a complex question that could not be answered in an easy manner, and the board decided to research the question and revisit it at the next board meeting. That question became the catalyst for the changes that wouldShow MoreRelatedNew World Order in Conspiracy Theory13987 Words   |  56 Pagesbe orchestrated by an extremely influential  cabaloperating through many  front organization s. Numerous historical and current events are seen as steps in an on-going plot to achieve world domination through  secret political gatherings  and decision-making processes.[2][3][4][5][6] Prior to the early 1990s, New World Order  conspiracism  was limited to two American countercultures, primarily the  militantly anti-government right, and secondarily  fundamentalist Christians  concerned with  end-time  emergence